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The shisha tobacco market is expected to reach US$ 26 Bn by 2032, likely to surge at a vigorous 4% CAGR during the assessment period. Shisha tobacco use is typically done with friends and is an important part of several cultures’ social gatherings and events. These days, college and university life have been incorporated into this culture. Additionally, water pipe use is frequently shared among friends and family.

This is due to two reasons: first, it lowers the cost of shisha tobacco use; second, and more emotionally, it fosters a sense of brotherhood, especially among the male demographic, and makes them feel more accepted in society. Due to this tradition, there are now more cafes, restaurants, and lounges that offer a variety of services, including shisha tobacco services.

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The spread has made water pipe smoking more widely accessible locally and encouraged young people in various nations to seek out unique neurostimulating activities. This characteristic of shisha tobacco fits in well with the rapid expansion of cafes, restaurants, and lounges around the world.

The booming hotel, restaurant, and cafe (HoReCa) industry, particularly in developing nations, has coincided with the rebirth of the water pipe smoking tradition in nations like India, where young shisha tobacco use has moved beyond rural areas and into urban ones. Hookah cafes have proliferated in urban regions of affluent nations like the U.S., particularly near college campuses. Because of this simple accessibility, the industry expansion in

Consumer delusion that shisha tobacco is less harmful than other forms of tobacco consumption currently guides the market growth. However, as consumers get familiar with the complete truth about the harmful effects of shisha tobacco, the market growth is likely to be affected.

The above-mentioned factors are helping the shisha tobacco market to grow rapidly and with the rising awareness regarding health concerns, manufacturers are innovating and supplying herbal shisha tobacco that is likely to be less harmful compared to the original shisha tobacco.

Key Takeaways from the Shisha tobacco Market Study

• Strong shisha tobacco to capture approximately a prominent share in 2021. However, through 2032, demand for the light variant of shisha tobacco is expected to gain traction due to the rising awareness regarding various health concerns.
• Direct distribution of shisha tobacco is likely to generate a significant revenue during the forecast period. However, with the changing purchasing preferences of individuals, online retailers are likely to hold the maximum market share by 2032.

Impact of COVID-19 on the Market

The COVID-19 pandemic had prompted a growing list of event cancellations and closures, as health officials urge the public to avoid large crowds. Moreover, the shutdown of industries, manufacturing plants, and rise in unemployment leads to the growth of shortage of material thus, rise in dependency of developing countries on developed countries.

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Additionally, the ban on trading and changing preferences of individuals, and rising health concerns lead individuals to adopt healthy habits. Moreover, the closed café, bars, and restaurants gave no option to individuals especially millennials, thus, dropping the sales and demand in the shisha tobacco market.

Who is Winning?

Leading manufacturers of shisha tobacco are focused on introducing flavors, based upon, regional interest and further advertising them globally to drive sales of shisha tobacco globally.

Major players present in the shisha tobacco market are Fumari Hookah, Haze Tobacco, LLC, Tangiers Inc., Al Fakher Tobacco Trading, Japan Tobacco Inc., Alchemist Tobacco Co., Soex India Pvt. Ltd, Middle East for Tobacco, Al-Tawareg Tobacco Molasses Company, Arabic Factory of Smoking, Al Zawrae Industrial Company, Romman Tobakko, Ugly Tobacco Hookah Inc., Adalya Hookah, Cloud Tobacco Inc., Flavors of Americas, Capital Tobacco, Eastern Tombac & Tobacco Establishment, and Al-Amir Tobacco among others.

Global Shisha Tobacco Market by Category

By Product Type:

• Strong Shisha Tobacco
• Mild Shisha Tobacco
• Light Shisha Tobacco

By Flavor:

• Fruit
  • Berry
  • Apple
  • Melon
  • Citrus
  • Tropical
  • Others
• Chocolate
• Caramel
• Mint
• Blended
• Others

By Sales Channel:

• Direct Sales
• Hypermarket/Supermarkets
• Specialty Stores
• Convenience Stores
• Independent Small Stores
• Online Retailers
• Other Sales Channel

By Region:

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

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Future Market Insights (FMI) delivers key insights on the Europe & Asia Pacific herbal beauty products  market in its upcoming outlook titled, “Europe & Asia Pacific Herbal Beauty Products Market: Industry Analysis and Opportunity Assessment by 2026. In terms of value, it is expected that the Europe & Asia Pacific herbal beauty products market will register a CAGR of 3.7% during the forecast period due to various factors, on which FMI offers vital insights in detail.

Consumer preference for clean label beauty care products is shifting significantly due to increasing awareness regarding the benefits of herbal and natural ingredients. Consumers are increasingly opting for greener products owing to presence of toxic ingredients in synthetic cosmetic products, which are known to cause various adverse effects.

Moreover, consumers are currently more informed regarding the benefits of using herbal products through promotions, advertisements and activities on various social media platforms.

Herbal skin care products improve skin texture, tone and appearance owing to presence of nutrients required to enrich overall skin health. Increasing consumer demand for eco-friendly personal care products has prompted companies to enter into the herbal and natural personal care products market and develop new and advanced products.

Manufacturers are continuously launching herbal personal care products with remedial properties and long-term benefits, which is resulting in addressing existing consumer requirements and aiding in expanding customer base.

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Segmentation analysis

• On the basis of end-use, the Europe & Asia Pacific herbal beauty products market is segmented into male and female. Female segment is estimated to account for the largest share by 2016 end. Male segment is expected to account for substantial growth over the forecast period. Increasing inclination of male consumers towards personal grooming and outward appearance among is expected to support growth of the male segment over the forecast period.

• Europe & Asia Pacific herbal beauty products market is also segmented on the basis of distribution channel which includes supermarket, specialty stores, departmental stores, drugstores, online/direct selling, and beauty salons. Among all these segments, supermarket segment is expected to account for relatively higher value share during the forecast period. Specialty stores segment has been estimated to occupy the second largest share accounting for 21.1% value share in 2015.

• As far as the types of herbal beauty products are concerned, Europe & Asia Pacific herbal beauty products market is segmented into skin care, hair care, oral care, and fragrance. Among all these segments, skin care type segment has been estimated to represent 45.7% value share in 2016 and expected to remain dominant over the forecast period.
• Increasing acne issues owing to increasing humidity and pollution levels is expected to drive growth of the skin care type segment in the market during the forecast period. Skin care segment is sub-segmented into cream & lotion, cleanser & toner, facewash & scrub and others. Among these sub-segments, cream and lotion is expected to account for major value share over the forecast period.

• Hair care segment is expected to occupy second largest position on the pie in terms of revenue contribution. The Hair care segment is sub-segmented into powder, hair oil, conditioner, shampoo, and others. The Oral care segment is likely to represent substantial growth over the forecast period. The segment is projected to represent 3.1% CAGR in terms of value growth by 2026 end.

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Regional analysis

This report discusses trends driving growth of each segment and offers analysis and insights of the potential of the Europe & Asia Pacific herbal beauty products market in specific region including Asia Pacific (APAC) and Europe. Markets in APAC are expected to record high growth rates in terms of value between 2016 and 2026. Japan has been estimated to be the largest consumer of herbal beauty products followed by China in 2015 across the APAC region.

Vendor insights

This report covers detailed profiles of key players in Europe & Asia Pacific herbal beauty products market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are Bio Veda Action Research Co., VLCC Personal Care Ltd., Surya Brasil, Dabur India Ltd., Himalaya Global Holdings Ltd., Lotus Herbals, Hemas Holdings Plc, Sheahnaz Herbals Inc., and Herballife International of America Inc.

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Market segmentation

By Type:

• Hair Care
  • Hair Oil
  • Powder
  • Shampoo
  • Conditioner
  • Others (Masks and creams)
• Skin Care
  • Cleansers & toners
  • Cream & lotion
  • Scrubs & facewash
  • Others (mask)
• Fragrance
• Oral Care

By End Use:

• Male
• Female

By Distribution Channel:

• Supermarket
• Specialty Stores
• Departmental Stores
• Drug Stores
• Beauty Salons
• Online/Direct Selling

By Region:

• Europe
• Asia Pacific (APAC)

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Countries such as the UAE, Indonesia, Kingdom of Saudi Arabia, Turkey, India and Malaysia are considered dominant markets for halal cosmetics. Future Market Insights (FMI) in a new study has predicted the demand for halal cosmetics to rise considerably in the coming years.

It is expected to reach US$ 474.7 Mn by the end of 2022. As a continuing trend, halal cosmetics manufacturers are investing in the segment towards the expansion existing product portfolio and regional footprint.

Muslim population has emerged as a prominent consumer base, characterised by untapped product segments of cosmetics and rising per capita spending. This has prompted consumer and personal care product manufacturers to capitalize on the emerging latent opportunity.

Companies are optimistic with regards to purchasing power of members of this population. It is more than likely that over the span of the next four to five years, they will be focusing on developing innovative products and designing market level strategies capitalize on existing opportuniti8es.

Increasingly, awareness of the use of porcine-based ingredients in cosmetics is causing a shift towards Halal-certified products, also among the non-Muslim population. Additionally, the use of swine placenta in cosmetics, including wrinkle creams and facemask, is a factor of grave concern among certain section of consumers.

This change in consumer buying preference has encouraged the players in the market to stimulate innovation and expand the portfolio, tapping the unexposed segments of the industry and as a result escalating the demand over the forecast period.

FMI in its latest study has forecasted the market to rise at a CAGR of 11.6% between 2022 and 2031. In terms of product type, the skincare segment will account for a notable share. An increasing number of consumers are gaining awareness regarding the use of impure ingredients in the cosmetic industry. Since skin care is a huge part of daily routine, consumers, men and women alike, are shifting towards halal skin care products

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Key Takeaways from the Halal Cosmetics Market Study

• Global halal cosmetics market is forecast to exhibit strong growth through forecast period. The market has been projected to register above 10% Y-o-Y growth in 2021
• The U.S. will lead the market in North America, accounting for   above 82% of the share in 2021
• The U.K. will remain a strong market in Europe, exhibiting over 16% Y-o-Y growth in 2021
• Germany and France will emerge as lucrative markets for halal cosmetic sales in Europe
• Demand from Japan and South Korea will increase considerably over the forecast period

COVID-19 Pandemic Causing Significant Disruptions

The current pandemic outbreak has posed numerous challenges on the part of supply side and demand side. The temporary regulation imposed by regional governments to restrict the movement has impacted supply chains drastically. Besides this, the specular shift from discretionary spending to essential goods has further negatively impacted the market growth.

Another major change in consumer buying behaviour is witnessed in the form of a shift from store based retailing to online retailing facilitating a wider market reach. The budding companies in the industry have faced major logistical issues restraining the profit generation.

However the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities for established as well as the newly mushrooming companies.

Who is winning?

A few of the key players in the halal cosmetics market are Iba Cosmetics, Martha Tilaar Group, Clara International, Kao Corporation, Andalou Naturals, Ivy Beauty Corporation Sdn Bhd, Nature’s Dream, Prolab Cosmetics, Inglot Cosmetics, One Pure, and Talent Cosmetics, among others.

The players are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage over other players operating in the market. Innovative product portfolio establishment and expansion of portfolio is the most adopted strategy by the leading players.

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Halal Cosmetics Market Key Segments

By Product Type

• Skin Care
  • Creams & Lotions
  • Face Cleanser
  • Others
• Hair Care
  • Shampoo
  • Conditioner
  • Hair Oil
  • Others
• Makeup
  • Facial Products
  • Eye Products
  • Lip Products
  • Nail Products
• Body Care
  • Soaps
  • Shower Gels
  • Lotions
  • Others
• Fragrance

By End User

• Men
• Women
• Unisex

By Sales Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Multi-brand Stores
• Online Retailing
• Other Sales Channel

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

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The business intelligence market is expected to rise at a CAGR of 7% throughout the forecast period. The valuation of the business intelligence market is projected to reach US$ 52.6 Bn by 2032 from US$ 26.7 Bn in 2022.

The demand for business intelligence is predicted to rise as a result of various factors such as an increased focus on digital transformation, increased investments in analytics, increased demand for data visualization dashboards, increased cloud use and increased data generation.

As per the latest business intelligence market adoption trends, cloud computing and big data analytics have gained traction in recent years. As a repository for structured and unstructured data, cloud computing is seen as a suitable platform for providing BI applications. Studies by FMI have indicated that big data technology has enabled these tools to analyze vast amounts of data in order to provide businesses with actionable insights that help them evaluate opportunities and improve marketing strategies.

The widespread use of social media and other internet services, such as over-the-top services and e-commerce, which generate massive volumes of heterogeneous data, is expected to boost the business intelligence market size.COVID-19 has heightened the requirement for all businesses to put their data to work in order to speed up decision-making. A thorough business intelligence approach can assist organizations in defining suitable metrics to better withstand a crisis, which can be a silver lining for many enterprises during these trying times.

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Business intelligence allows firms to examine their operations more closely by identifying what they are doing well and where they may improve, positively impacting the business intelligence adoption trends. The goal of business intelligence is to use data to create better and more profitable decisions.

For small and mid-sized businesses, the cost of adopting business intelligence infrastructure is a major problem. In addition, the business intelligence market growth is anticipated to be hindered by a lack of competent data science specialists, consulting analysts, and professional IT experts.

Key Takeaways 

• By deployment model, the cloud segment of the business intelligence market is expected to advance at a CAGR of 6.4% throughout the forecast period.
• The FMI study indicates that the US business intelligence market is projected to reach a valuation of US$ 18.3 Bn by 2032.
• Due to the increased requirement for workforce management, the HR business function segment is expected to develop at a faster rate during the projection period. Several firms are implementing business intelligence technologies to allow HR managers to make real-time personnel decisions.
• The solutions segment is projected to grow at a CAGR of 6.9% throughout the forecast period.

Competitive Landscape 

As per the business intelligence market analysis by FMI, Strategic alliances, partnerships and affiliations, and mergers and acquisitions are just a few of the basic business tactics used by the business intelligence market participants to improve their market position in a fiercely competitive and segmented industry.

To enhance their products in the market, business intelligence suppliers have used a variety of organic and inorganic growth techniques, such as new product launches, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions. Google, Salesforce, Oracle, Qlik, Board International, Infor, SAP, AWS, Sisense, MicroStrategy, DOMO, TIBCO, Yellofin, Teradata, Information Builders, IBM, and Microsoft are the major vendors in the global business intelligence market.

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Recent Developments 

Sandbox, a new tool on the Domo platform, was announced in September 2021 by Domo, Inc. It’s utilized to help customers create and promote content for production in a variety of industries.

IBM Corporation and SAP SE have teamed up to develop creative solutions to deliver intelligent technology and apps for data-driven insights in June 2020. The organizations are likely to use SAP’s business technology platform & Intelligent Suite, as well as IBM’s artificial intelligence, machine learning, analytics, and automation technologies as part of this agreement.

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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.

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The global identity verification market is projected to advance at a CAGR of 14.8% through the forecast period. The verification market valuation is likely to reach US$ 40 Bn by 2032 from US$ 10 Bn in 2022.

Increased digitization ambitions, a surge in fraudulent activities and identity theft over the previous decade, and rising use cases of digital identities among verticals are all driving the identity verification market.

Furthermore, initiatives by governments and businesses focusing on digitalization and the use of new technologies in identity verification systems, such as AI, machine learning, and automation, would present lucrative prospects for identity verification suppliers.

Growing digitization initiatives, identity theft, an increase in fraudulent activities over the last decade, and an increase in the adoption of digital IDs among verticals are all pushing the global identity verification industry.

Moreover, governments and businesses have taken a number of steps to focus on digitalization and the adoption of new technologies such as machine learning, artificial intelligence, and automation in identity verification solutions, which are projected to provide lucrative opportunities for identity verification vendors and lead the identity verification market adoption trends.

As per the market study by Future Market Insights, the major hurdle impeding the growth of the identity verification market are financial constraints during the deployment of identity verification systems.

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According to Jumio Corporation, the total cost of ownership for online identity verification is roughly USD 853,750 per year, based on specific estimates. Identity verification solutions are easier to obtain for large businesses. However, for SMEs, it becomes a problem owing to a lack of budgetary resources.

The high initial expenditures and ongoing upkeep of identity verification make it difficult for startups to get off the ground. SMBs usually have limited access to bank-grade technology and security solutions due to budget constraints, making them an easy target for cybercriminals and thus also hindering the growth of the global market.

Price per verification, languages, data storage, and technical support are all elements that go into determining the cost of identity verification solutions and services. The majority of organizations charge per verification, as well as per month and year, with a limited number of ID verification checks provided. In some circumstances of a yearly package, some providers additionally offer variable pricing per verification. The issue is the disparity in prices charged by ID verification suppliers.

Key Takeaways

• The US identity verification market is expected to advance at a CAGR of 14.2% during the forecast period.
• The market is divided into BFSI, Energy & Utilities, Healthcare, Retail & eCommerce, Government & Defense, IT & Telecommunication, and Others, based on the end user. During the forecasted period, the BFSI sector is anticipated to have the greatest identity verification market size. As it becomes technologically prepared through the early adoption of new technologies, Asia Pacific is predicted to contribute to the fastest-growing region with the greatest CAGR during the forecast period.
• The China identity verification market size is projected to reach a valuation of US$ 2.9 Bn by 2032.
• Due to the increasing intrinsic demand from consumers for seamless onboarding, compliance management, and fraud prevention, the biometric solutions industry is expected to expand rapidly.
• The application of identity verification technologies in major organizations is likely to expand as internet penetration, and eCommerce operations grow.

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Competitive Landscape

With several competitors and competing technologies, the identity verification market is highly fragmented, resulting in fierce competition among the participants. Large firms are likely to make purchases and collaborate with startups that are focused on innovation in the future.

Acuant, Applied Recognition, Au10Tix, Authenteq, Equifax, Experian, GB Group plc (GBG), Idemia, and Idfy are some of the major players in the global identity verification market.

Recent Developments

SimpleNexus, a homeownership platform for loan officers, borrowers, real estate agents, and settlement agents, announced a partnership with Finicity’s Mortgage Verification Service on June 20, 2021. (MVS). Using a single embedded service, lenders would likely be likely to expedite the verification of applicants’ assets, income, and employment.

May 2021 – Acuant and Airside teamed up to prioritize privacy in the processing of biometrics and personal data for mobile identity verification processes, enabling the convenient and cost-effective reopening of travel and public areas.

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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.

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This market is ready to develop at a worth CAGR of 7.4% all through the time of evaluation 2017-2027. During this period, the worldwide market is likewise expected to mirror a 2x expansion in income. In 2017, the worldwide tunable filter market is esteemed at around US$ 77 Mn and is assessed to arrive at a worth a piece over US$ 159 Mn in 2027.

As per a new examination report on “Tunable Filter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, distributed by Future Market Insights, the worldwide market for tunable filters is seeing high development during the time of evaluation.

The examination report covers a few factors that drive this development as well as scarcely any different perspectives which have an adverse impact over it. The comprehensive examination distribution incorporates patterns, dangers, open doors, development drivers and difficulties and their effect on the worldwide tunable filter market.

Itemized evaluating examination of various tunable filters across key areas is likewise talked about in the exploration study. The segmental examination across North America, Western Europe, Eastern Europe, Asia Pacific barring Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA) is done which is utilized to follow the future projections for a time of a decade, relating to worth of the worldwide tunable filter market.

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Global Tunable Filter Market: Factors Impacting Growth

There are several factors that have a positive influence on the growth of the tunable filter market. The increasing spending in defence has spurred the use of tunable filters in vehicular radios, wireless communication equipment and radars thus actively contributing to the growth of the global tunable filter market. Moreover, growing wireless sector is expected to drive the growth of tunable filter market. Also, the emergence of 5G is expected to contribute to the market’s growth.

Tunable filters are used in 5G networks and have a crucial role of ensuring proper functioning of 5G technology-based communication systems. However, limited commercial availability of some tuneable filters (for instance, BST or Barium Strontium Titnate) is expected to hinder the growth of the global tunable filter market.

Global Tunable Filter Market: Segmental Snapshot

The global tunable filter market is segmented on the basis of application and region.

In the application category, the wireless communication equipment segment is the largest thus leading the global market. This segment reflected high growth rate owing to increased adoption of tunable filters in wireless communication equipment

With respect to region, North America is expected to present high growth opportunities for tunable filters. in addition, the Asia Pacific excluding Japan (APEJ) region is also highly lucrative and the tunable filter market in this region is projected to grow at a high rate during the forecast period.

Global Tunable Filter Market: Competitive Assessment

This exhaustive research contains detailed intelligence on various players involved in the manufacturing and distribution of tunable filters. Prominent players include Analog Devices Inc., RS Microwave Co Inc., K&L Microwave, Inc., Fairview Microwave Inc., I2R Nanowave Inc., Pole/Zero Corporation and Atlanta Micro, Inc.

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Wireless communication equipment to extensively make use of tunable filters in the coming years

Use of tunable filters has been increasing across several application areas. However, the demand for tunable filters has been meteoric in the wireless communication equipment sector. The wireless communication equipment segment in the application category was valued at around US$ 62 Mn in 2017 and is estimated to reach a high valuation of more than US$ 135 Mn by the end of the year of assessment.

 

During the period of assessment, 2017-2027, the wireless communication equipment segment is expected to register a stellar value CAGR of 8.1%. Moreover, the Y-o-Y growth of the wireless communication equipment segment is comparatively high than other application segments during 2017-2027 timeline.

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• Covers market controlling aspects, key developments and innovations from strategic and technological standpoints respectively

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The Middle East & Africa data storage market  is forecast to total US$ 5.65 Bn in 2022. With increasing penetration of modern technologies, the overall market is projected to grow at a prolific CAGR of 14.3% between 2022 and 2025, surpassing a valuation of US$ 8.43 Bn by 2025.

According to a new report published by Future Market Insights titled “Data Storage Market: Middle East & Africa Industry Analysis (2017-2021) and Opportunity Assessment (2022–2025),”

major factors responsible for the growth of the data storage market in MEA include increased investments in infrastructure, a notable shift in data centre investments from being server centric to more data and storage centric, and increased adoption of entry-level and mid-range storage devices.

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MEA Data Storage Market: Prominent Trends

• Adoption of hybrid cloud storage solutions by small and medium enterprises and software defined storage solutions by large enterprises
• Demand changes in OPEX and CAPEX
• Emergence of enterprise flash controllers
• Demand for secure data storage solutions in defence, aerospace and BFSI verticals
• Adoption of cloud based data storage solutions with hyper-converged infrastructure

MEA Data Storage Market: Segmental Analysis

The MEA data storage market covers consumer data storage devices and enterprise data storage solutions. For each of these categories, the market has been segmented on the basis of end user, vertical and region. On the basis of storage type, the GCC data storage market is segmented into consumer storage and enterprise storage. In terms of revenue, enterprise storage is projected to be the most attractive segment in the GCC data storage market during the forecast period.

The enterprise storage segment is also expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a robust CAGR between 2022 and 2025. On the basis of end user, the GCC data storage market is segmented into commercial and residential segments. The residential segment was valued at US$ 467.8 Mn in 2017 and is expected to witness a CAGR of 14.7% during the forecast period.

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MEA Data Storage Market: Forecast by Region

The GCC region is segmented into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. In terms of revenue, UAE followed by Qatar are the two leading data storage markets within the GCC data storage market. UAE is the fastest growing regional data storage market within GCC with a growth rate of 15.7% during 2017 – 2025. In terms of revenue, UAE is projected to be the most attractive market in the GCC data storage market during the forecast period and is also expected to register high Y-o-Y growth rates throughout the period of assessment.

Competitive Landscape

Leading players operating in the MEA data storage market are expanding their footprint by means of offering advanced products and services. They have adopted various strategies such as mergers, partnerships and acquisitions to dominate the market.

• In April 2020, Amazon Web Services (AWS) announced the opening of the AWS Cape Town, Africa Region to expand data storage offerings. The new AWS infrastructure regions will deliver the highest levels of security, compliance and data storage.
• In November 2021, Oracle and Orange signed a partnership agreement in West Africa aimed at encouraging cloud-led digital transformation. Under the agreement, the two companies have come together to offer cloud services for public sector organizations and enterprises in West Africa, starting with Senegal and the Ivory Coast.
• In November 2020, Moro Hub, a wholly-owned subsidiary of Dubai Electricity and water Authority (DEWA), collaborated with IBM to launch IBM power systems as a cloud service in Dubai, UAE. The new cloud service will provide improved performance and high data processing speeds.
• In April 2021, IBM launched advanced storage solutions designed to simplify data accessibility & availability across hybrid clouds
• In 2021, oracle opened a new cloud region in Abu Dubai to offer improved storage capacity to regional enterprises amid soaring demand. The new region will make it easier for businesses to increase performance, protect data, and get access to Oracle’s full array of cloud services.

MEA Data Storage Market: Key Players

• IBM Corporation
• Microsoft Corporation
• VMware, Inc.
• Hewlett Packard Enterprise Co.
• NetApp Inc.
• Open Text Corp.
• SanDisk Corporation
• Nexenta Systems

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MEA Data Storage Market by CategoryBy Region:

• GCC
• Levant
• Africa

By Storage Type:

• Consumer Storage
• Enterprise Storage

By End User:

• Commercial
• Residential

By Vertical:

• BFSI
• Defence and Aerospace
• Education
• Government
• Healthcare
• Telecom & IT
• Others

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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 3-years.

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The worldwide security and vulnerability management market is set to partake in a valuation of US$ 2.5 Bn in 2022, and is anticipated to flood at a CAGR of 11.3% to arrive at a total assets of US$ 4.2 Bn toward the finish of 2027.

As per another report distributed by Future Market Insights named “Security and Vulnerability Management Market: Global Industry Analysis (2013 – 2021) and Opportunity Assessment (2022 – 2027),” the worldwide security and vulnerability management market was esteemed at US$ 2.5 Bn in 2022 and is projected to arrive at US$ 4.2 Bn by 2027 end.

The great conjecture for developing demand for cutting edge security and vulnerability management arrangements, as well as coordinated effort with cloud specialist organizations, are the vital drivers of this extension. The worldwide market for security and vulnerability management is portioned by district, part, endeavor type, and vertical in this review.

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Global Security and Vulnerability Management Market: Dynamics Impacting Growth

• Continuous demand for cyber security solutions due to an increase in cyber attacks
• Demand for remote solutions and increasing usage of cloud technologies
• Continuous growth in the IT sector across the globe
• Increasing number of internet users and high adoption of security and vulnerability management solutions in the healthcare industry
• Continuous launching of new products and solutions

Global Security and Vulnerability Management Market: Forecast by Region

The seven key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA have been covered in this report. In terms of value, North America is projected to be the most attractive regional market in the global security and vulnerability management market during the forecast period. However, the market in APEJ is expected to register high Y-o-Y growth rates throughout the forecast period. The market in APEJ is projected to exhibit relatively faster growth in terms of value, and is expected to register a CAGR of 13.3% over the forecast period.

Global Security and Vulnerability Management Market: Forecast by Component

On the basis of component, the global security and vulnerability management market is segmented into software and services. In 2016, the software segment was the dominant segment, valued at US$ 4,774.6 Mn, and is expected to remain dominant in terms of value throughout the forecast period. However, the services segment is expected to exhibit relatively high growth rates in terms of value and is anticipated to exhibit a CAGR of 13.6% over the forecast period.

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Global Security and Vulnerability Management Market: Key Players

Some of the significant players operating in the global security and vulnerability management market are IBM Corporation, Micro Focus, Symantec Corporation, Rapid7, Inc., Qualys, Inc., Trend Micro, Inc., Tenable, Inc., McAfee LLC, Tripwire, Inc., and RSA Security LLC (Dell EMC).

Key Segments of Security and Vulnerability Management Industry Survey

Security and Vulnerability Management Market by Component:

• Security and Vulnerability Management Software
• Security and Vulnerability Management Services

Security and Vulnerability Management Market by Enterprise Type:

• Security and Vulnerability Management for Small Enterprises
• Security and Vulnerability Management for Medium Enterprises
• Security and Vulnerability Management for Large Enterprises

Security and Vulnerability Management Market by Vertical:

• Security and Vulnerability Management in IT and Telecom
• Security and Vulnerability Management in Retail
• Security and Vulnerability Management in Government
• Security and Vulnerability Management in BFSI
• Others

Security and Vulnerability Management Market by Region:

• North America Security and Vulnerability Management Market
• Latin America Security and Vulnerability Management Market
• Europe Security and Vulnerability Management Market
• East Asia Security and Vulnerability Management Market

About Us

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 5-years.

Contact:

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