Halal Cosmetics Market to Grow at CAGR of 11.6% by the end of 2031

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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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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Acoustic Insulation Market Exhibiting a CAGR of 4.6% During 2022-2032

The global acoustic insulation market is expected to secure US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022. The market is projected to garner US$ 22.9 Billion in 2032 while expanding at a CAGR of 4.6% during the forecast period. Increased affordable capabilities of the middle-class population are expected to have played a major role in driving the market in the assessment tenure.

The growing focus to develop building infrastructure to offer a convenient environment in public areas has resulted in a surged sound barrier installation across various sectors like railways, highways, airport runaways, stations, and others.  

Also, increasing product launches is another salient cause driving the market. For instance, in January 2021, Armacell disclosed a strategic partnership with German TITK Group and Melamine. Armacell announced to manufacture competent insulation products with melamine resin-based nonwovens. It is flame and UV-resistant.

In another instance, in August 2020, Armacell rolled out ArmaGel DT acoustic insulator. It gives exceptional low thermal conductivity and high acoustic performance and has lessened insulation thickness against its other insulation counterparts. With the launch of such updated and advanced products, the market is anticipated to expand in the coming time. 

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On the other hand, the sluggish growth of construction activities in Europe is likely to act as a significant hindrance to market growth. Also, volatility of raw materials and high demand for raw materials containing greenhouse gases are some of the other causes impeding industry growth. However, with the advent of aerogel, the market is anticipated to counter the hampering cases, aiding in market expansion.  

Key Takeaways  

  • The global acoustic insulation market to garner US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022. 
  • The global acoustic insulation market to value US$ 22.9 Billion in 2032 and record 4.6% CAGR during the forecast period  
  • The building and construction segment to record a 4.1% CAGR  
  • The foamed plastic segment to exhibit a 4.3% growth rate  
  • The U.S market to be valued at US$ 7.4 Billion, exhibiting 4.2% CAGR during the forecast period.  

Competitive Landscape 

Key players in the global acoustic insulation market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S, among others. Recent developments among players include: 

  • In January 2020, Saint-Gobain acquired Sonex in Brazil, a company renowned for manufacturing and supplying acoustic ceiling systems, marketed in particular under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected to expand the group’s position in Brazil.  
  • In August 2020, Armacell rolled out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to customers globally with fine quality.  

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Key Segments Covered in the Acoustic Insulation Market Survey

Acoustic Insulation by Type:

  • Glass Wool Acoustic Insulation
  • Rock Wool Acoustic Insulation
  • Foamed Plastic Acoustic Insulation
  • Elastomeric Foam Acoustic Insulation

Acoustic Insulation by End Use Industry:

  • Acoustic Insulation for Building and Construction
  • Acoustic Insulation for Transportation
  • Acoustic Insulation for Oil & Gas and Petrochemicals
  • Acoustic Insulation for Energy & Utilities
  • Acoustic Insulation for Industrial & OEM

Acoustic Insulation by Region:

  • North America Acoustic Insulation Market
  • Europe Acoustic Insulation Market
  • Asia-Pacific Acoustic Insulation Market
  • Middle East & Africa Acoustic Insulation Market
  • Latin America Acoustic Insulation Market
More Valuable Insights 

Future Market Insights, in its new offering, presents an unbiased analysis of the global acoustic insulation market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032. 

The study reveals essential insights on the basis of type (glass wool, rock wool, foamed plastic, elastomeric foam) and end use industry (building and construction, transportation, oil & gas, and petrochemical, energy & utilities, industrial & OEM) across five major regions (North America, Latin America, Europe, Asia Pacific and the Middle East & Africa)  

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Business Intelligence Market is likely to Strengthen its Hold on the Global Market at an Average CAGR of 7.0% Between 2022 and 2032

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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Identity Verification Market t is predicted to grow at a robust CAGR of 14.8% by 2032

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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Tunable Filter Market Comprehensive Shares, Historical Trends & Forecast By 2026

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.

How can this research report add value to your organization?

  • An unbiased third party opinion is what the research promotes
  • Actionable intelligence which accompanies at every step
  • 24×7 analyst support to resolve queries or attend any requirement pertaining to respective market along with respective domain experts
  • A near to 100 percent accuracy in data and statistics
  • In-depth weighted analysis with a deep dive in the market across several regions with a detailed five level segmentation
  • Analytically strong ten year forecasts to assist in planning future moves
  • Covers market controlling aspects, key developments and innovations from strategic and technological standpoints respectively

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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 9-years.

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Middle East & Africa Data Storage Market Assessment & Key Insights Analyzed Till 2025

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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Security and Vulnerability Management Market Report: Overview With Geographical Segmentation By Revenue With Forecast 2022-2027

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.

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Version Control Systems Market Research, Segmentation, Key Players Analysis & Forecast by 2031

The interest for version control systems market is supposed to top US$ 629.3 Mn in 2021. According to Future Market Insights (FMI) examination, the market will enlist noteworthy development at 10.7% CAGR somewhere in the range of 2021 and 2031, as endeavors all over the planet show appeal for computerization and digitalization in the product improvement processes.

Recently delivered information on version control systems demonstrates a 9.3% y-o-y development in 2021. Brought together version control systems have the biggest market share. Then again, the conveyed version control systems is conjecture to develop at a 12.7% CAGR through the evaluation period. Other than this, the market is driven by the money saving advantages presented by cloud-based arrangements of version control systems arrangements.

The essential variables driving the development of version control systems market incorporate the rising interest for mechanization and digitalization instruments. North America is expected to represent over 31% of the market by 2031, attributable to higher necessities to lessen intricacies in programming improvement processes.

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Impact of COVID-19 on Version Control Systems Market

The COVID-19 pandemic has disrupted many industries, including the version control systems sector. Different industry verticals have suffered notable losses as a result of mobility and travel restrictions for public health reasons, among other social distancing measures.

Disruptions in services are having an impact on economies and trade, given the role of services in offering inputs connecting supply chains and facilitating trade. The extent of impact on trade varies by mode of supply and sector. Trade involving proximity among consumers and suppliers is severely impeded. The COVID-19 crisis is leading to greater adoption of online services in retail, education, health, and telecom sectors.

Key Takeaways from Version Control Systems Market Study

  • Large enterprise applications will dominate the market through 2031 with a 53.6% value share, supported by large-scale data transformation requirements in these businesses.
  • The IT & telecom industry will reflect higher adoption rates holding 23.2% of the market in 2021, supported by the introduction of 5G technologies.
  • China leads the East Asia market, reflecting a CAGR of over 10.3% through 2031, with growing demand for cost effective version control systems for SMEs in the region.
  • The U.S. market is projected to expand at a CAGR of 9.8% through 2031, supported by the presence of key players in the market.
  • Germany will hold the lead in Europe by the end of 2031, with a CAGR of over 11.2% owing to the rising penetration of the internet and smartphone technologies in the region.

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Competitive Landscape

According to the Future Market Insights analysis, IBM, Microsoft, Broadcom, Micro Focus, Apache Software Foundation, Canonical, Git, Perforce Software, Mercurial, and Dynamsoft, are identified as key players in the version control systems landscape.

Companies manufacturing version control systems are aiming for product innovation and strategic partnerships with other software vendors to enhance their portfolios while addressing the demand of an expanding customer pool. Introduction of new products and strategic partnerships are key with the top players in the version control systems landscape.

  • For instance, In May 2017, Microsoft Corporation collaborated with Git to make use of its version control system and GVFS for developing Windows. Due to the large size of the content, Microsoft manipulated Git and developed GVFS for exploiting the benefits of Git and reducing the time delays simultaneously.

More Valuable Insights on Version Control Systems Market

A revised market research report published by Future Market Insights (FMI) on the global version control systems market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of type (local version control systems, centralized version control systems, and distributed version control systems); deployment (cloud and on premise); enterprise size (SMEs and large enterprises); industry (BFSI, healthcare, IT & telecom, retail, education, and others), and across six major regions.

Key Points Covered in Version Control Systems Market Survey

  • Version Control Systems Market Estimates and Forecast 2016-2031
  • Key Drivers and Restraints Impacting Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Version Control Systems and How to Navigate
  • Recommendation on Key Winning Strategies

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Market Segmentation by Category

Type:

  • Local Version Control Systems
  • Centralized Version Control Systems
  • Distributed Version Control Systems

Deployment:

  • Cloud
  • On-premise

Enterprise size:

  • SMEs
  • Large Enterprises

Industry:

  • BFSI
  • Healthcare
  • IT & Telecom
  • Retail
  • Education
  • Others

Region:

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

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 10-years.

Contact:

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Quad-Flat-No-Lead Packaging Market : Global Analysis, Size, Share, Growth, Trends & Forecast by 2027

The report titled “Quad-Flat-No-Lead Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers a wide angle of the global market with the help of a detailed market segmentation.

The research report also discusses various opportunities for quad-flat-no-lead packaging, various trends influencing the global market, key drivers fuelling the growth of the global market as well as restraints that have a negative impact on revenue growth of the global quad-flat-no-lead packaging market. The research report presents historic data as well as future market projections for a period of 6 years.

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Global Quad-Flat-No-Lead Packaging Market: Factors Influencing Growth

Factors such as rising demand for wireless applications, growing adoption of portable devices, small form factor, enhanced thermal performance, rising applications in the automobile sector, high electrical performance and increased reliability are boosting adoption and consequently the growth in revenue of the global quad-flat-no-lead packaging market. However, aspects such as changing price of raw materials, more space needed by QFN packaging, wirebond challenge, high competition with WLCSP and BGA, high cost and problems associated with assembling the QFN package are hindering the growth of the global market.

Global Quad-Flat-No-Lead Packaging Market: Segmental Snapshot

The global quad-flat-no-lead packaging market is segmented on the basis of type, QFN variants, application and by region.

  • By type, the plastic moulded QFNs segment is expected to reflect high market attractiveness and is the largest segment. The plastic moulded QFNs segment is estimated to reach a value higher than US$ 180 Bn by the end of the year of forecast thus dominating the global market. Air-cavity QFNs segment is projected to grow at a higher pace in the coming years.
  • By QFN variant, the quad-flat-no-lead segment is anticipated to reach a noteworthy valuation by the end of the assessment period. The ultrathin quad-flat-no-lead segment is projected to grow at the fastest rate to register a CAGR of 14.4% throughout the period of assessment.
  • By application, the radio frequency devices segment is estimated to be valued at around US$ 26 Bn in 2017 and is likely to lead the global market. The wearable devices segment is projected to register the fastest growth rate of 0% owing to increased use of quad-flat-no-lead packaging in wearable devices.
  • By region, Asia Pacific excluding Japan reflects high growth potential. The quad-flat-no-lead packaging market in Asia Pacific excluding Japan is projected to grow at the highest rate and is estimated to be the largest among all other regional markets, thus dominating the global market.

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Global Quad-Flat-No-Lead Packaging Market: Forecast Highlights

The global quad-flat-no-lead packaging market is anticipated to reach a value higher than US$ 235 Bn by the end of the year of assessment from a valuation of more than US$ 68 Bn in 2017. The global market for quad-flat-no-lead packaging is projected to grow at a stellar CAGR of 13.1% throughout the period of forecast.

Global Quad-Flat-No-Lead Packaging Market: Competitive Assessment

The research report on the global market for quad-flat-no-lead packaging includes analysis on key players and presents vendor insights in a dedicated chapter. Intelligence on key players such as NXP Semiconductor, Fujitsu Ltd., Toshiba Corporation, Texas Instruments, Microchip Technology Inc., STATS ChipPAC Pte. Ltd., ASE Group, Amkor Technology, UTAC Group, Linear Technology Corporation, Henkel AG & Co., and Broadcom Limited has been included in this chapter.

Market Segmentation

By Type

  • Air-Cavity QFNs
  • Plastic-moulded QFNs

By QFN Variants

  • Very thin quad flat no-lead (VQFN)
  • Ultrathin quad flat no-lead (UQFN)
  • Quad flat no-lead (QFN)
  • Others

By Applications

  • Radio Frequency Devices
  • Wearable Devices
  • Portable Devices
  • Others

By Region

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

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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 10-years.

Contact:

Future Market Insights Inc.
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Penetration Testing Market Research, Segmentation, Key Players Analysis & Forecast to 2027

The worldwide penetration testing market is supposed to observe huge development with a great CAGR of 13.9% during the estimate time of a long time from 2017 to 2027. This development can be ascribed to the rising utilization of penetration testing arrangements in different modern verticals, and the rising reception of cloud based arrangements and administrations.

Central participants in the worldwide penetration testing market are sending off new items and expanding their business organizations with different players. The U.S. is supposed to be a vital market in the worldwide penetration testing market, because of the presence of key part in the locale, a rising number of information breaks and a rising reception of distributed computing arrangements and administrations.

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Global Penetration Testing Market: Challenges

  • One of the biggest challenges for penetration testing solution vendors is the extreme and growing shortage of skilled cyber security personnel to analyse and respond to incidents of cyber threats
  • There are many multinational companies in North America, especially in the United States, who are looking to build multinational conferencing facilities. Such companies normally face challenges such as unauthorised access to the company’s bridge and network
  • Small businesses have smaller IT budgets, and consequently spend less on penetration testing and other cyber security solutions. The lesser adoption of penetration testing solutions in small enterprises is one of the major challenges for the penetration testing market
  • Lack of knowledge and awareness about the usage of cyber security solutions such as penetration testing, network testing, and firewalls is another big growth restraint in the penetration testing market

Global Penetration Testing Market: Key Players

IBM Corporation, Rapid7, Inc., Microfocus, Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Secure Works Inc., Acunetix, Contrast Security, and Paladion Network Private Limited are some of the key companies operating in the global penetration testing market.

Global Penetration Testing Market: Segmental Analysis and Forecast

By type, the global penetration testing market is segmented into network penetration testing, web application penetration testing, mobile application penetration testing, social engineering penetration testing, and cloud infrastructure penetration testing. Among the type segments, the web application penetration testing segment dominated the global penetration testing market with a 27.8% share in terms of revenue in 2016. However, the mobile application penetration testing segment is expected to exhibit relatively high growth rates in terms of revenue, registering a CAGR of 14.9% over the forecast period.

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On the basis of component, the global penetration testing market is segmented into software, and pen-test services (Consulting and Software-as-a-Service). Pen-test services segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 14.4% during the forecast period.

By enterprise size, the segmentation comprises small and medium enterprises and large enterprises. In terms of value, the large enterprises segment is projected to be the most attractive segment in the global penetration testing market over the forecast period. In 2016, the large enterprises segment was the dominant segment, valued at US$ 316.9 Mn, and is expected to remain dominant in terms of revenue throughout the forecast period.

By vertical the market is segmented into BFSI, healthcare and life sciences, consumer goods and retail, automotive, IT and telecommunication, media and entertainment, government, and others. The IT and telecommunication segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 14.6% during the forecast period.

Global Penetration Testing Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are covered in this report. North America was the dominant market in 2016 in terms of revenue in the global penetration testing market. In the coming years, North America is expected to be a key market for substantial revenue generation. In terms of value, the North America market is projected to be the most attractive regional market for penetration testing during the forecast period.

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Market Taxonomy

Type

  • Network Penetration Testing
  • Web Application Penetration Testing
  • Mobile Application Penetration Testing
  • Social Engineering Penetration Testing
  • Cloud Infrastructure Penetration Testing

Component

  • Software
  • Pen-test Services (Consulting and Software-as-a-Service)

Enterprise Size

  • Small and Medium Enterprises
  • Large Enterprises

Vertical

  • Healthcare and Life Sciences
  • Consumer Goods and Retail
  • IT and Telecommunication
  • Media and Entertainment

Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe

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 10-years.

Contact:

Future Market Insights Inc.
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