Animal-based Pet Protein Market to Witness Massive Growth, Emerging Technology Research Report by 2022-2032

The global animal-based pet protein market is estimated to reach US$ 76.3 Bn in 2022 and is projected to surpass US$ 1,17.8 Bn, registering a CAGR of 4.4% from 2022 to 2032.

Animal-Based Pet Protein Market Size Value in 2022 US$ 76.3 Bn
Animal-Based Pet Protein Market Forecast Value in 2032 US$ 1,17.8 Bn
Animal-Based Pet Protein Market Value for Forecast Period (2022 to 2032) 4.4%
Market Share of U.S. in North America ~83%

Increasing consumption of protein in pet food applications with rising focus on sustainable eating will drive the demand in the market. Insect-based protein and pulse-based protein are few of the sources that can be used in pet foods. Alongside, microbial protein such as bacteria, chlorella, spirulina, yeast, and fungi is a prominent source of protein.

Growing trend of pet humanization is driving the need to provide them with protein rich pet food. Animal-based protein source helps in providing optimum nutrition to the pets to improve their metabolism.

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Subsequently, rising concerns regarding the health of the pets and increased spending capacity of the pet owners is expected to increase the consumption of animal-based pet protein in the coming decade.

Further, pet owners are changing their preferences towards consuming premium pet foods to ensure that a good diet could be followed by their pets. High levels of protein would help maintain a good digestive system and a smooth skin texture.

Hence, key participants such as Mars Petcare Inc. have come up technological advancements involving techniques that help in producing animal-based pet food which is rich in protein. This is expected to address the needs of consumers who are willing to provide a rich protein diet to the pets to ensure their good health.

Key Takeaways from Market Study

  • North America is expected to account for the maximum value share of the global market of about 38% by 2032, with the U.S. leading the growth in animal-based pet protein market.
  • By nature, conventional type is expected to hold a value share of nearly 85% of the global market by 2022
  • By product type, dry pet food is expected to account for the maximum market value share of about 39%, followed by wet pet food with ~30% value share in 2022
  • In terms of packaging, the bag segment is expected to hold a value share of nearly 38% of the global market by 2022
  • India and China are expected to dominate the South and East Asia animal-based pet protein market, respectively.

“Animal-based pet protein food manufacturers are likely to generate high revenue by producing animal-based pet food which is rich in protein. They are also introducing new products with high nutritional value to cater to the growing demand from pet owners,” says a Future Market Insights analyst.

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Competitive Landscape

Leading players in animal-based pet protein market are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base. For instance,

  • In 2020, Mars Petcare has introduced a premium pet nutrition brand named “Lams”, particularly in India. This brand was launched in the market with an aim to promote pet nutrition and health.
  • In 2020, Eukanuba came up with its new product line which involved the first dog food prepared by using premium quality of animal proteins to ensure proper nutrition intake by pets.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global animal-based pet protein market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (dry, wet, treats and chews, and others), pet type (cat, dog, birds, and others), nature (organic and conventional), packaging (pouches, bags, folding cartons, tubs and cups, can, and bottles and jars), and distribution channel (store-based retailing and online retailers), across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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Global Animal-based Pet Protein Market by Category
By Product Type:

  • Dry
  • Wet
  • Treats & Chews
  • Others

By Pet Type:

  • Cat
    • Kitten
    • Senior
  • Dog
    • Puppy
    • Adult
    • Senior
  • Birds
  • Others

By Nature:

  • Organic
  • Conventional

By Packaging:

  • Pouches
  • Bags
  • Folding Cartons
  • Tubs & Cups
  • Can
  • Bottles & Jars

By Distribution Channel:

  • Store-based retailing
    • Hypermarket/Supermarket
    • Convenience Stores
    • Mom and Pop Stores
    • Pet Stores
    • Discounters
    • Independent Grocery Retailers
    • Drugstores
    • Other Retail Formats
  • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

The report covers exhaustive analysis on:

  • At what value the animal-based pet protein market is expected to reach?
  • What is the demand outlook in the global animal-based pet protein market?
  • What was the market value of animal-based pet protein market in the last five years?
  • What are the key trends adopted by leading players in the global animal-based pet protein market?
  • What is the share of top 10 companies in the animal-based pet protein market?
  • Which are the major countries driving demand for animal-based pet protein?

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Agriculture Adjuvants Market Expected to Reach Tremendous Growth by 2032

The global agricultural adjuvant market is expected to reach market valuation of US$ 3.4 Bn in 2022, expanding at a healthy 6.2% CAGR over the forecast period.

Increasing industrialization and colonization across the globe is reducing cultivable land. To fulfil the rising demand for food, farmers are seeking effective ways to increase crop yield, which, in turn, is spurring demand for agricultural adjuvants.

Adjuvants are added to pesticides to improve spray retention and droplet drying. The reaction between herbicide adjuvants and herbicide activity depends on various factors like leaf surface, adjuvant type, herbicide chemical form and external weather conditions. Key players in the market are launching new variants by developing formulations to improve their efficacy to limit herbicide leaching in groundwater.

Some types of agricultural adjuvants available in the market are surfactants, oils, compatibility agents, buffering and conditioning agents, defoaming agents, deposition agents, and drift control agents.

The availability of different types of adjuvants is expected to propel the demand for function-specific adjuvants in the market. Further, as adjuvants do not have any pesticide properties, their usage is not governed by the US Environmental Protection Agency regulations. This is expected to widen the scope of applications of agricultural adjuvants.

Further, rapid adoption of advanced technologies in agricultural industry such as precision farming is expected to boost the demand for agricultural adjuvants. As per FMI, North America is expected to emerge as the most lucrative market, followed by Europe and Asia Pacific.

“Rising awareness regarding wastage of pesticides and their negative environmental impact is spurring demand in the market. In addition to this, wide availability of target-based adjuvants will continue propelling sales over the assessment period,” says the FMI analyst.

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Key Takeaways:

  • Based on the crop type, sales in the cereals segment are projected to increase at a 5.6% CAGR though 2032.
  • In terms of application, demand for herbicides adjuvants will gain traction at a considerable pace.
  • The U.S. will emerge as a lucrative market, accounting for 24% of the total market share over the forecast period.
  • Sales in the U.K. will account for a dominant share in the Europe agricultural adjuvants market through 2032.
  • Demand in the India agricultural adjuvants market will account for 18% of the total market share.

Competitive Landscape

Key manufacturers operating in the agricultural adjuvants are focusing on research & development to offer different effective formulations. Besides this, players are collaborating and investing in mergers and acquisitions to gain a competitive edge in the market. For instance:

  • BREAK-THRU® SD 260. is the first solid, water-soluble trisiloxane on the market is which is ideal for solid pesticide formulations (WP/WDG). It is used in biopesticide WP formulations, to simplify the manufacturing of solid pesticide formulations, makes trisiloxane available for solid pesticide and solid microbiological formulations, which can be used as a tank mix adjuvant.

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Future Market Insights, in its new report, offers an impartial analysis of the global reduced fat butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Agricultural Adjuvant Market by Category

By Product Type:

  • Activator Adjuvants
  • Oil Adjuvants
  • Surfactants
  • Utility Adjuvants

By Application:

  • Fungicide Adjuvants
  • Insecticide Adjuvants
  • Herbicide Adjuvants
  • Others

By Crop Type:

  • Cereals
  • Oilseeds
  • Fruits & Vegetables
  • Other Crops

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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The report covers exhaustive analysis on:

  • How big is the agricultural adjuvant market size?
  • What is the North America agricultural adjuvant market outlook?
  • At what rate will the agricultural adjuvant demand grow in Europe?
  • What are the key trends driving sales in the agricultural adjuvant market?

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Fish Based Pet Food Market Report Covers Future Trends with Research 2022-2032

The fish based pet food market was valued at US$ 10.0 Bn in 2022, exhibiting growth at a CAGR of 4.9% during the forecast period (2022-2032), reaching US$ 16.2 Bn by 2032. The overall demand in global fish based pet food is projected to witness year-on-year (YoY) growth of 4.3% in 2022. Growing demand for new snacks, foods, and dining experiences for their pets, along with long-term health benefits from food products is boosting the fish based pet food market.

Pet owners have become increasingly aware about the health requirements of their pets. They are also willing to spend on food with wholesome nutrients. Besides this, growing focus on ascertaining long-term health of pets will drive the sales of fish based pet food.

Furthermore, manufacturers are introducing pet food that addresses common health concerns in pets such as bad breath, skin issues, sensitive stomachs, allergies, kidney disease, and others. This led the fish based pet food industry to change from simple products that target adult pet maintenance to an improved high energy, nutritious, and specially fortified product focus.

In line with giving pets a custom and raw meal, key manufacturers of fish based pet food products are launching different innovative and all-rounder solutions like supplements, which are available for mixing with raw materials or to be taken additionally by pets in order to meet the nutritional needs and fulfilling the diet.

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 Key Takeaways from Market Study

  • The fish based pet food market is worth of US$ 10,058.1 Mn sales in 2022.
  • The fish based pet food market is poised to expand at CAGR of 6.6% and 6.9% in East Asia and South Asia, respectively, through 2032.
  • Market share of fish based pet food in North America and Europe are 34.3% and 25.3%, respectively, in 2022.
  • The Oceania fish based pet food market is exhibiting growth at 8.4% CAGR over the forecast period.
  • In terms of nature, organic fish based pet food segment is projected to expand at 6.2% CAGR through the forecast period.
  • Based on products, dry type is expected to account for market share worth 38.9% in 2022.

“Fish based pet food manufacturers are introducing new tastes and innovative packaging while bringing in new products with different formulations that offer functional health benefits to pets. This is expected to create lucrative opportunities for the key players,” says a Future Market Insights analyst.

Competitive Landscape

Key manufacturers in fish based pet food market are primarily focusing on research and development to expand their product portfolio and enhance the quality of pet food. They are also emphasizing on expanding their regional footprint to gain competitive edge in the fish based pet food industry.

For instance,

  • Purina® Pro Plan offers several excellent choices for fish dog foods with SAVOR®, a rice and shredded blend salmon formula, which contains huge amount of antioxidants and high quality and real salmon fish as the first ingredient to provide a healthy immune system to pets.
  • The company also provides feed grain free product, ‘NATURAL Plus Essential Vitamins and Minerals Grain Free Tuna & Egg Formula’, in which tuna is the first ingredient, and this formula is made without wheat, corn, or soy, which is a poultry by-product meal without any added artificial flavors, colors, or preservatives.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global fish based pet food market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Dry
  • Wet
  • Treats & Chews
  • Others

By Pet Type:

  • Cat
  • Dog
  • Birds
  • Others

By Packaging:

  • Pouches
  • Bags
  • Folding Cartoons
  • Tubs & Cups
  • Can
  • Bottles & Jars

By Distribution Channel:

  • Store-based retailing
  • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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The report covers exhaustive analysis on:

  • How much worth is the fish based pet food industry?
  • At what value the fish based pet food market is poised to expand through 2032?
  • What is the demand outlook of fish based pet food market over the past half-decade?
  • What will be the market value for fish based pet food in 2032?
  • Who are the key players operating in the market?
  • Which are the top countries driving the fish based pet food market demand?
  • What is the demand outlook for North America fish based pet food market?
  • What is the market outlook of Europe fish based pet food market?
  • What is share of Japan in the fish based pet food market?
  • What is collective share of UK and Germany in the fish based pet food market?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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RTD Cocktails Market Current Trends And Future Growth Estimations Outlook To 2032

The global RTD cocktail market is estimated to reach US$ 35.1 Bn in 2022. With sales growing at a robust 11.6% CAGR, the market valuation will top US$ and is projected to reach US$ 104.9 Bn by 2032.

RTD cocktails share the stage with low-alcoholic beverages that were introduced in the market for health-conscious consumers or consumers that are avid drinkers but have medical conditions (diabetes, obesity).

Owing to various factors such as house party culture, health concerns, convenience, and wide range of product portfolio, sales in the RTD cocktails market are expected to grow at a considerable pace over the forecast period (2022-2032).

Surging demand for low calorie beverages is influencing the demand for RTD cocktails. In response to this, players are launching low calorie and low ABV (alcohol by volume) drinks and are introducing flavours made from natural ingredients.

Cocktail manufacturers are bringing sophisticated flavors on the table such as Bergamot Sparkler, Classic Gin Martini, Spumante Molto Rosso, and others to give an elegant touch and complement it with other traditional and organic flavors.

Additionally, key players are trying to leverage social media marketing by promoting their products on Instagram to appeal the millennial population. Such marketing strategies and innovative solutions will boost the market in the forthcoming years.

“Growing demand for natural ingredients and low-sugar content in beverages, along with increasing focus on convenience, portability and easy accessibility of RTD beverages are key trends anticipated to drive the market over the forecast period,” says the FMI analyst.

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Key Takeaways:

  • By product type, the vodka segment is expected to account for 20% of the total market share in 2022.
  • In terms of flavor, citrus and ginger flavored cocktails together are expected to hold a value share of nearly 43% of the global market by 2022 end
  • The canned RTD cocktails segment is expected to account for 54% of the global market in 2022.
  • Sales in the U.S. will command 78% of the total RTD cocktail market share by 2032.
  • China will continue exhibiting high demand, holding 55% of the total market share in 2022.
  • India will emerge as a lucrative market, with sales growing at a 11.6% CAGR over the forecast period.

Competitive Landscape

Manufacturers of RTD cocktail are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to cater to a growing customer base. For instance:

  • In 2020, Blue Marble introduced nine new mixed drinks such as Mojito, Greyhound, Moscow Rule, and others which are prepared using natural juices, premium distilled spirits, and handmade syrups with very low level of calories.
  • In 2020, Cocktail Squad launched its new collection of zero sugar classy casuals product line which could be enjoyed during all four seasons.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global RTD cocktail market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Product Type:

  • Cider
  • Gin
  • Vodka
  • Wine
  • Whiskey
  • Rum
  • Hard Seltzer
  • Cocktail

By Flavor:

  • Natural/Unflavored
  • Flavored
    • Citrus
    • Ginger
    • Apple
    • Vanilla
    • Berry
    • Tropical
    • Coconut
    • Jerk
    • Plantain
    • Mixed Fruits

By Packaging:

  • Bottle
  • Can

By Sales Channel:

  • On-Trade/Food Service
  • Institutional Sale
  • Retail
    • Hyper market/Supermarket
    • Convenience Store
    • Specialty Stores
    • Liquor Shop/Beverage Exclusive
    • Airport Retail
  • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

The report covers exhaustive analysis on:

  • What is the current RTD cocktail market size?
  • How much share does the top 10 companies in the RTD cocktail market hold?
  • Which are the major countries driving demand for RTD cocktail?

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How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Tonic Wine Market by Analysis, Growth, Emerging Trends, Research Methodology, Massive Growth & Industry Survey

The global tonic wine market is expected to reach market valuation of US$ 1.9 Bn by the year 2021, accelerating at a CAGR of 6.1% by 2022-2032. Tonic wine sales forecast remains positive and is expected to total US$ 3.4 Bn globally by 2032.

The pandemic had a huge impact on the tonic wine market due to the forced closure of on-trade vineyards in various nations such as the United States, the United Kingdom, India, and others to control the COVID-19’s impact. On the other side, the current situation may present an opportunity for the wine industry to recapture lost consumer attention.

However, it is unclear if the current off-trade boom will persist as pantry supplies run out, the on-trade gradually reopens, and consumer behaviour returns to pre-COVID-19 levels.

Rising demand for tonic wine due to its health benefits and premiumization of wine products, as well as flavour innovation and more advanced distribution networks, are projected to drive the global tonic wine market.

“The tonic wine market is predicted to register steady as e-commerce platforms make deeper inroads. Tonic wine is difficult to come by. As a result, online sales channels may be able to give consumers with ideal product finder solutions. Key advantages of online sales channels that may improve tonic wine sales are easy home delivery and easy payment alternatives,” said a lead analyst at FMI.

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Surge in Tonic Wine Consumption Slated in Asia-Pacific and Latin America

Asia-Pacific is leading in terms of the demand for wine, with China dominating the market in the region. Notably, the consumption of red wine is more of a tradition in China, as the color red is considered lucky in the country. Owing to this factor, China is one of the leading markets for red wine consumption, giving tough competition to France and Italy.

Australia is second in the consumption of wine in Asia-Pacific, followed by Japan. Also, India is the fastest-growing country in terms of wine consumption and registered a growth rate of approximately 7.1%. The Philippines, South Korea, and Vietnam are the other potential wine-consuming markets in Asia-Pacific. Hong Kong has no import tax for wine, which is a driving factor for the market.

Who is winning?

Some of the leading companies offering cheese are Buckfast Abbey, Leonard J Russell Snr, Campari Group, Scotland’s, Sainsbury’s, Portman Group, Reggae Treats, Dee Bee Wholesale, AhmadiAnswers, Herb Affair, Bristol, Jingjiu, Zhangyu, Wuliangye, and Othes.

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By Type, Tonic Wine Market is Segmented as:

  • Magnum Tonic Wine
  • Buckfast Tonic Wine
  • Sanatogen Tonic Wine
  • Mandingo Tonic Wine

By Application, Tonic Wine Market is Segmented as:

  • Household
  • Foodservices
  • Institution
    • Hospitals
    • Clinics
    • Others

By Sales Channel, Tonic Wine Market is Segmented as:

  • B2B
  • B2C
    • Modern Trade
    • Traditional Liquor Stores
    • Drugstores and Pharmacies
    • Specialty Stores
    • Online Retail
    • Other Retail Formats

By Region, Tonic Wine Market is Segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle east and Africa

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Frequently Asked Questions

  • How Big is the Tonic Wine Market?
  • What is the North America Tonic Wine Market Outlook?
  • At What Rate will Tonic Wine Demand Grow in Europe?
  • At What Rate Will Tonic Wine Demand Grow in Japan?
  • What is the South Asia Tonic Wine Market Outlook?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Market size for automatic identification systems in 2022, including statistics, share price, growth prospects, industry trends, methodology used, key players, and geographic analysis by forecast to 2027

In 2022, the market for automatic identification systems is anticipated to reach US$ 248.3 Mn. The market demand is being driven by an increase in the adoption of cutting-edge systems for ship identification, tracking, and navigation.

Attribute Details
Automatic Identification System Market Size Value in 2022 US$ 248.3 Mn
Automatic Identification System Market Market Size Value in 2027 US$ 348.5 Mn
Historical CAGR (2012-2021) 4.5%
CAGR (2022-2027) 7.0%

An automatic identification system (AIS) is a tracking system used on ships to increase the safety aspect of sailing. A new research report by Future Market Insights briefs all about the global automatic identification system. This comprehensive research report is titled, “Automatic Identification System Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, which presents the current market scenario along considering the dynamics affecting it. According to the outcomes of global automatic identification system market’s analysis, it is expected to reach a market value of over US$ 340 Mn by the end of 2027, growing at a CAGR of 6.4% during the forecast period.

Global Automatic Identification System Market: Trends and Opportunities

The robust growth rate expected for global automatic identification system is a result of mandating government regulations to use AIS due to rising safety concerns. Owing to this, players associated with the automatic identification system market are focusing on research & development and continuously upgrading their product portfolios in order to meet the demands of the competitive automatic identification system market. The emergence of satellite or cloud based communication is also a great opportunity for major players to develop innovative offerings which integrate modern AIS with satellites. Cloud management for AIS is at a development stage, and soon, it will have a high demand in the market due to its advanced and smart features. Companies providing this feature will have huge opportunity by being technologically ahead in the market.

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Global Automatic Identification System Market: Segmental Analysis

  • Based on Region, APEJ is expected to be the strongest region, with market size expected to reach over US$ 130 Mn by the end of 2027, growing at a CAGR of 7.1% during the forecast period. In terms of growth rate, MEA is also expected to be one lucrative segment during the forecast period.
  • Based on Application, the vessel tracking segment dominates the market with a high market size and growth rate. It is expected to reach a market size of over US$ 180 Mn by the end of 2027, growing at a CAGR of 8.8% during the forecast period.
  • On the basis of Category, the vessel-based segment is projected to be the most attractive one in terms of value, with expected market size of over US$ 250 Mn by the end of 2027. Among the types of vessel-based AIS, class A contributes the most in the growth of vessel-based products.

Global Automatic Identification System Market: Competitive Landscape

FMI’s report on the Global Automatic Identification System market includes a major section on the competitive analysis of the market. This section briefs the major players who are leading in the global automatic identification system market. Some of these key players mentioned in the report are Wartsila Corporation, Japan Radio Corporation, L3 Technologies, Orbcomm Inc., Garmin, True Heading AB, Raymarine, Jotron AS, C.N.S. Systems AB, ACR Electronics Inc., ONWA Marine Electronics Co. Ltd etc.

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Market segmentation

Category

  • Vessel Based
    • Class A
    • Class B
  • Shore Based
    • AIS base stations
    • AIS AtoN
    • Others

Application

  • Fleet Management
  • Vessel Tracking
  • Maritime Security
  • Others

Region

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • APEJ
  • Japan
  • MEA

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For The Duration Of The Prediction, It Is Anticipated That The Connected Game Console Market Will Expand At A Considerable CAGR

The connected game console market is expected to witness a short term downturn for the duration of the coronavirus pandemic. The crisis has resulted in major job cuts and consumer expenditure is likely to be focused towards essentials. Consequently, sales of connected game consoles will take a hit, next-gen variants in particular will be hit hard, depending on the duration and severity of the pandemic on the global economy.

‘”With the rise of disposable incomes, the growing sales of high-end display devices is a key factor bolstering adoption of connected game consoles. The market is also gaining traction with easier access and affordability of HDMI, HD display, and compatibility to wireless networks, helping market recovery after the end of the pandemic,” says the FMI analyst.

Connected Game Console – Primary Takeaways

  • Connected consoles are rapidly gaining traction, aided by frequent advancements in technology.
  • VR compatible connected game consoles are popular owing to novelty of the gaming experience.
  • North America is a leading the market for connected game consoles supported by higher disposable incomes and internet penetration.

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Connected Game Console – Growth Factors

  • Growth in spending on games and gaming equipment is a critical factor supporting market growth.
  • Rapid growth in the penetration of broadband internet services generates key growth opportunities for connected game console manufacturers.
  • High investments for research and development efforts is essential to market developments.

Connected Game Console Market

Connected Game Console – Major Constraints

  • High costs of purchasing new gaming consoles is the primary obstacle to adoption.
  • Rising competition from alternative gaming platforms including PC and mobile devices holds back market growth.

The Projected Impact of Coronavirus

Following the covid-19 outbreak, connected game console manufacturers have had to contend with tightening of budgets to sustain operations despite the sharp drop in sales during the crisis period. Some governments are pushing financial stimulus to the gaming sector which could help to partially alleviate the issues of the industry. However, the rapid advances in gaming tech and equipment will aid a strong recovery after the end of the current crisis.

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Competition Landscape

The connected game console market comprises players including but not limited to NVIDIA Corporation, Microsoft Corporation, Nintendo Co. Ltd., and Sony Corporation. Market players are reducing costs of older product offerings in addition to investments into tech development.

For instance, Sony is providing major discounts for the sales of its PS4 range of consoles and games.

Key Segments Covered

  • By connected game console
    • Connected Console
      • Standalone Console
      • Handheld Console
    • Services
      • Prepaid Service
      • Other Direct Service

Key Regions/Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific Excluding Japan (APEJ)
  • Middle East & Africa

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About FMI             

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Global Competition for Mobile Payment Transactions in 2014 by Opportunity Assessment and Forecast through 2020: PayPal, GoogleWallet, Visa, MasterCard,

Globally, the market for mobile payment transactions is projected to increase through 2020 at a CAGR of 23.2%, taking into account the number of users. Eastern Europe is predicted to have a small user base but is expected to increase rapidly—by 29.1 percent—during the projection period. In 2014. In 2014, APAC had the highest percentage of mobile payment system users, and it is predicted that this trend will continue through 2020, expanding at a CAGR of 22%.

According to FMI, the proliferation of mobile devices and increasing adoption of mobile money services across financial institutions and other vendors are the key factors driving the mobile payment transaction services market. Merchants and vendors around the world are upgrading their POS systems to facilitate mobile payment, and FMI expects this trend to continue during the forecast period.

Key factors that can impede the growth of the mobile payment transaction services market include issues with data security and privacy, and limited awareness among consumers. FMI estimates these factors to have a moderate impact on the mobile payment transaction services market growth.

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On the basis of key applications, FMI has segmented the mobile payment transaction services market into money transfer, merchandise purchase, airtime top-ups, bill payment, ticketing, and ‘others’.

Globally, considering the number of users, mobile payment transactions market is anticipated to grow at a CAGR of 23.2% through 2020. Eastern Europe is estimated to hold a small portion of user base however is set to witness a high growth rate of 29.1% through the forecast period. In 2014. APAC held maximum number of mobile payment system users in 2014, and is estimated to continue the same trend growing a CAGR of 22% through 2020.

Mobile Payment Transaction Market

The mobile payments market was valued at US$ 392 billion in 2014 and is expected to reach the US $ 2849 billion by 2020. Growing at a CAGR of 39.2% over the forecast period. The growth of the mobile payment market is mainly attributed to the growing ubiquity of mobile phones and their increasing features replacing the physical wallet. Additionally, consumers are increasingly getting comfortable with using their smartphones for applications other than voice.

Technology-wise WAP/WEB is anticipated to hold more than 40% of the total market share followed by SMS. However, NFC communication is set to grow with a high growth rate of approximately 46% through 2020.

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Africa and Asia Pacific are the two most lucrative regions for mobile payment transaction services market. In terms of value, these two regions collectively accounted for nearly 58% share of the global market in 2014. FMI forecasts that these two regions will continue to dominate the global market during the forecast period.

A key development in the global mobile payment transaction services market is that Asia Pacific will outpace Africa to become the largest market. FMI estimates Asia Pacific mobile payment transaction services market to account for 27% of the global mobile payment transaction service market revenue by 2020.

Among all the regions, North America is poised to witness the significant growth. North America held a 22.8% value share of the global market in 2014, and it is anticipated that by 2020, it will increase to 24.9%.

In terms of transaction volume, Asia Pacific and Africa will continue to remain lucrative, however, strong growth in North America and Western Europe is anticipated to eat into their market share. On the other hand, the collective market share of Latin America, Middle East, and Eastern Europe is projected to reach 10.4% by 2020.

The key companies profiled in FMI’s research report include PayPal, Visa, MasterCard, and Google Wallet. These companies are tying up with leading vendors to consolidate their position in this rapidly expanding market.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Rising Demand in the Global Market for Digital Transformation in the MENA by 2020 | IBM Corporation, Wipro Limited, CGI Group, Inc., Deloitte, Accenture PLC;

The MENA digital transformation market is anticipated to expand in value over the course of the forecast period at a CAGR of 15.1%. The MENA digital transformation market was estimated to be worth US$ 1,028.8 million in 2014, and it is anticipated that this market will grow significantly to reach US$ 2,398.3 million by 2020 as a result of rising Internet usage and social media adoption as well as rising demand for ICT products like mobile phones, laptops, smartphones, and tablets.

The research named “MENA Digital Transformation Market Forecast and Assessment; 2014-2020” was just released by Future Market Insights. The use of online platforms, social media, and mobile devices to communicate with customers is transforming business models, value chains, ecosystems, and other aspects of organisations. Digital transformation, which may be characterized as the reworking of an organization’s goods, processes, and strategies by utilising contemporary technologies, is the integration of digital technology into all facets of a corporation.

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In this report, FMI has segmented the MENA digital transformation market on the basis of digital services, digital software, end-user verticals and region. On the basis of digital services, the MENA digital transformation market is segmented as digital consulting services, digital technology implementation services, digital technology integration services and digital operations & management services. By digital software segment, the MENA digital transformation market is further segmented as digital content and applications, digital sales & commerce, digital marketing, digital customer experience & service and digital integration platforms. Moreover, on the basis of end-user verticals, the MENA digital transformation market is sub-segmented as retail, BFSI, energy & utility, telecom, healthcare, manufacturing, services, media & entertainment, transportation and public sector.

MENA Digital Transformation Market

The growing real-time analytics and amalgamation of marketing, sales and commerce into one platform are further fuelling the demand for digital transformation solutions and are projected to boost the MENA digital transformation market. Rising content digitisation & creation and the increased adoption of digital transformation software & services in major sectors, such as government, BFSI and retail, are some of the major factors expected to fuel the growth of the MENA digital transformation market. Moreover, latest laws and regulations introduced by the local government, such as e-transaction and e-commerce laws, are also creating significant opportunities for the MENA digital transformation market.

On the basis of end-user verticals of MENA digital transformation market, the BFSI and public and transportation sector collectively accounted for over 50% of the regional digital transformation market in 2014. Among all the categories under end-user vertical, BFSI sector dominated the MENA digital transformation market with 24.1% share in 2014 followed by the public sector. Furthermore, the BFSI sector is moving towards enhanced online services and CRM technologies to attract new customers, which is, in turn, driving the MENA digital transformation market. Moreover, E-banking is increasingly becoming common in MENA due to growth in the demand for digital services. Banks are introducing online banking services for an effective customer experience, which is expected to fuel the growth of the BFSI sector in the MENA digital transformation market.

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Furthermore, the MENA digital transformation market has been segmented into four major regions: GCC, Saudi Arabia, North Africa and other Middle East. The GCC region is further sub-segmented into five countries: Bahrain, Qatar, UAE, Kuwait and Oman. In terms of value, the Qatar digital transformation market is estimated to expand with a CAGR of 18.6% over the forecast period. Moreover, UAE is projected to maintain its dominance in terms of total revenue generation in the MENA digital transformation market.

Key market participants covered in the report include IBM Corporation; Wipro Limited; CGI Group, Inc.; Deloitte; Accenture PLC; Oracle Corporation; Dell EMC; CA Technologies; Microsoft Corporation; Hewlett Packard and Capgemini.

The report also describes company-specific strategies, key differentiators, MENA digital transformation market structure and competitive share analysis related to prominent industry stakeholders.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Russian IT Software and Services Market Global Forecast 2022-2032 Estimated with Top Key Players like: IBM Corporation; Wipro Limited; CGI Group, Inc.; Deloitte; Accenture PLC;

The market is anticipated to increase rapidly during the anticipated period, with a CAGR of 7.2 percent, reaching US$ 8,628.2 million by 2020. The segments of IT software and services contributed significantly to the expansion of the Russian IT market in the European region.

The need for IT software and services in Russia is being driven by an increase in e-government and e-banking activities by governments and banks, among other important causes.

The Russian IT software and services market is expected to witness a substantial decline in growth throughout the duration of the coronavirus outbreak. Cancellations or delays of new orders, and concerns over employee health safety during the pandemic are key factors, negatively impacting market growth. The slowdown of the Russian economy will hurt small and medium IT enterprises substantially.

“The Russian IT sector is witnessing a transition to software-as-a-service (SaaS), which reduces upfront costs and bolsters access. Consequently, purchasing power of IT consumers goes up. Major manufacturers are also increasingly preferring SaaS business models as the industry shows interest in open source and cloud computing software,” says the FMI analyst.

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Russian IT Software and Services Market – Key Takeaways

  • Cloud services are highly popular in the Russian IT software and services market, supported by growth of e-commerce activities.
  • Virtual assistant tools are rapidly gaining traction, aided by the widespread penetration of smart devices in the region.
  • IoT applications are gaining ground as Russia invests in Smart City projects including energy, utility, and transport applications.
  • Western Russia is a key hub in the IT software and services market, aided by the presence of key developers.

Russian IT Software and Services Market – Key Driving Factors

  • Favorable regulation frameworks controlling the Russian IT software and services market is a major growth factor.
  • Widespread penetration of internet services in the region bolsters adoption and development rates.
  • Advances in IoT and cloud services are key factors aiding growth of Russian IT market players.

Russian IT software and services Market – Key Constraints

  • Widespread cost cutting by clients for IT services is a major restraint on revenue growth.
  • Slowdown of the Russian economy hinders critical market developments.

The Anticipated Impact of COVID-19

Across the Russian IT software and services market, the coronavirus pandemic has resulted in suspension of key decision-making activities in addition to cancellation of development and service contracts. Regional and international travel restrictions are also expected to hold back market developments in the near term. Economic uncertainties will influence the market throughout 2020. Gradual recovery is likely in 2021 as business restrictions are relaxed.

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Competition Landscape

Major players in the Russian IT software and services market include but are not limited to I-Teco, Microsoft Corporation, Asteros, Oracle Corp., Compulink Group, SAP SE, LANIT Group, IBM Corp., Hewlett Packard Company, and IBS Group. Leading players are focusing on long term service contracts to sustain revenue. For example, BestPlace is providing Malaysian retailers software services from 2020.

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About FMI             

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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