Market Research Blog – Page 11553 – New Product Development

Catalase Market 2022 Expectations & Growth Trends Highlighted Until 2032

Continuous development in the field of biotechnology has led to innovations of varied enzymes that possess versatile uses across various industries. Enzymes act as a natural catalyst in metabolic reactions, thereby increasing the rate of reaction. Catalase is one such important enzyme which has an antioxidant property and helps to combat against oxidative stress.

Catalase helps in decomposition of hydrogen peroxide into molecular oxygen and water. It is abundantly present in living cells and defence the cells against the toxic effects of hydrogen peroxide, by preventing its accumulation and protecting the organelles from tissue damage. Thus, making it an appropriate ingredient for widespread industrial applications.

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The food grade catalase is obtained through the fermentation of Aspergillus niger. In combination with other enzymes it is used as food preservative. Moreover, catalase possess highest turnover rate among all the enzymes as it has ability to decompose 40 million hydrogen peroxide molecule in one second.

Global Catalase Market: Drivers and Restraints

With increase in demand for versatility in food, there have been continuous product innovations in food & beverage industry. As enzymes plays a significant role by enhancing the product quality and shelf life, catalase market is expected to fuel during the forecast period. Catalase offers a widespread industrial applications. In food industry, catalase aids in the preservation of various food and helps in manufacturing of certain beverages.

Moreover, catalase helps in manufacturing of cheese by removing hydrogen peroxide form milk and due to its oxidising property, it is used in food wrappers. Another significant commercial application of catalase is in waste water management, as it helps to breakdown hydrogen peroxide into water and oxygen. Thus broad array of applicability, helps to boost the catalase market.

Recently, catalase is been used in aesthetic treatment as it increases cellular oxidization of skin. Increasing inclination towards personal care among consumers, is expected to propel growth of catalase market.

With its powerful antioxidant properties it is widely used in the dietary supplements as antioxidant. Moreover, other unique properties such resistance against extreme pH and thermal denaturation, makes it suitable for textile applications. Hence, fuelling the overall growth of catalase market.

However, catalase is temperature sensitive, if the temperature increases beyond the optimum limit, the enzyme gets denatured and its structure is disrupted. Thus need to be stored carefully, to maintain optimum enzyme activity. This factor may restrain the growth of catalase market. Moreover, the coupling of enzymes is subjected to relatively high cost. Thereby, influencing the industrial application of catalase among manufacturers.

Global Catalase Market: Region wise Outlook

The global catalase market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North America. North America accounts for largest share of catalase market.

With increasing inclination of consumers towards adoption of natural products and rising aesthetics concern is expected to fuel the catalase market growth especially in North America. Asia pacific is expected to record significant growth during the forecast period, as Asia Pacific region represents opportunistic platform for various manufacturers to invest in research and development of their products.

Global Catalase Market: Key Players

Some of the prominent players identified in the global catalase market includes:

Sigma-Aldrich Co. LLC.
MP Biomedicals, LLC.

Megazyme Inc.
BIO-CAT
Kolor Jet Chemical Pvt. Ltd.
Biocatalysts Limited
Sekisui Diagnostics, LLC

Lumis Biotech Pvt Ltd.
Novozymes.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges

Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)

Latin America (Mexico, Brazil, Argentina)
Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
Eastern Europe (Russia, Poland)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan

Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Catalase Market: Segmentation

On the basis of source, catalase market is segmented into:-

Bovine Livers
Microorganisms

On the basis of end-use, catalase market is segmented into:-

Food & Beverage
Textile Industry
Pharmaceuticals
Personal Care

Others

On the basis of product type, catalase market is segmented into:-

Liquid
Powder

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Automatic Coffee Machines Sales will Continue Surging as Coffee Consumption Increases Around the World

The automatic coffee machine market will see a CAGR of 5.1% throughout the years 2021-31. It is projected that demand for automated coffee makers will continue to soar, especially given the expanding popularity of fast food businesses.

Automatic coffee machines Market – Important Highlights

According to product type, super automatic coffee machine is estimated to hold the maximum market share during the forecast period, due to its high consistency in quality.
Semi-automated coffee machine market is expected to gain momentum, owing to its flexibility like manual timers and due to its lesser price.
Hotels and cafes are anticipated to account for the lion’s share in the global market, due to a sudden increase in out-of-home consumption among people in the recent years.
North America is estimated to hold the lead market share in the projected years, with US being in the forefront, owing to the love for coffee among the residents and their growing preference towards automated kitchen appliances.
India is estimated to hold a prominent market share due to its Rapid increase in urbanization and foundation of several IT parks in emerging which is likely to boost consumption of coffee beverages.

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Automatic coffee machines Market – Drivers

Rise in number of cafes and coffee shops across different regions of the world.
Increasing preference towards saving time and maintaining the consistency of the coffee is generating the need of automatic coffee machines.
The opportunities are estimated to get more profitable with an increasing number of companies investing in research and development to launch automated coffee machines with advanced functionalities.
With rising environmental concerns, focus will be more on making ecofriendly coffee machines and different market player’s center of attention will be in developing machines with less power and electricity consumption, which will drive the market.

Automatic coffee machines Market – Restraints

High cost of automated coffee machine is estimated remain as a major constraint for the market.
As these machines are highly sophisticated, it has a high maintenance cost and is difficult to handle.

COVID-19 Impact on Automatic coffee machines Market

The automatic coffee machines market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The expansion of commercial infrastructure and establishment of different it parks and cafes will guarantee growth despite temporary lull experienced during COVID-19 outbreak. Therefore, the automatic coffee machines market is likely to set on path of regaining as economies have started to stabilize bit by bit.

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Competitive Landscape

Besides adopting different strategies for expansion, the key market players are therefore focusing on product launches with advanced features

For instance:

Swiss brand – Ergo has lately started selling a fully automatic coffee machine, called Next Touch Coffee. Besides featuring a self-adjusted grinder, it can be configured with IoT innovations and different options, and has a wide range of payment systems. The report contains insights of some prominent players in the global automatic coffee machine market, like Koninklijke Philips N., Keurig Green Mountain, Inc., De’Longhi Appliances s.r.l, Nestlé Nespresso S.A and many more.

Market Taxonomy

Product Type

Fully Automatic
Super Automatic
Semi-Automatic

End Use

Hotel
Restaurant
Cafe
Institutional
Residential

Regional Outlook

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
Middle East and Africa (GCC Countries, Northern Africa, South Africa, Rest of MEA)
East Asia (China, Japan, South Korea)
South Asia (India, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)

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Skin Lightening Products Market is predicted to grow to US$ 1586 billion by 2031

The global skin lightening products market is predicted to grow to US$ 1586 billion by 2031, according to a Future Market Insights report.

Efficiency and effectiveness of a product are recognised by manufacturers and brand owners as being extremely crucial variables in converting the product’s unique selling proposition (USP) into a larger market share. The survey claims that one of the main causes driving the demand for skin whitening products is the increase in melasma incidence.

Melasma can be defined as acquired hyperpigmentation on the skin and occurs due to a number of reasons, such as genetic predisposition, ultraviolet radiation, hormonal factors, and drugs. Topical therapies and minimally invasive surgeries are becoming extremely popular in treating melasma across the globe.

However, the latter being expensive, a larger consumer base is adopting topical therapies for the treatment of hyperpigmentation. Topical therapies include medically prescribed or over-the-counter drugs, including several creams, lotions, gels, serums, and other topical therapies.

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The rising prevalence of melasma across the globe is shifting women to opt for topical therapies for treating their skin conditions. Apart from the U.S., the adoption of skin-lightening products has also demonstrated an increasing penetration rate among the African population.

As per the World Health Organization (WHO), 77% of Nigerians use skin-lightening products on a daily basis. Improved lifestyle and a rise in the middle-class consumer group in Africa are pushing the penetration of skin care products across the countries. Women happen to cover the leading share in the market, accounting for nearly 80% of sales. FMI in its latest study has forecast the market to rise at a CAGR of 12.8% between 2021 and 2031.

Key Takeaways of Skin Lightening Products Market Report

Skin lightening product sales will continue rising, especially in the lotion and creams category
The U.S. has emerged as a highly lucrative market, accounting for over 90% sales in North America
The presence of some of the leading market players is pushing y-o-y growth in the U.K. at 3.3%
The expansion of beauty industry will continue fuelling sales in Germany and France
Japan will remain an exceedingly lucrative market, accounting for over 50% sales in East Asia

Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has imposed 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 shift from discretionary spending to essential goods has further negatively impacted the market growth.

Besides this, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing facilitating a wider market reach. However, the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities amid economic slowdown.

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Who is winning?

Future Market Insight (FMI)’s report underlines insights into the competitive situation of the Skin Lightening Products market along with highlights of differential ways utilized by players. Some key players within the Skin Lightening Products market includes and 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. The players are entering into strategic alliances with others to build up and strengthen in house resources and expertise

Skin lightening Products Market by Category

Product Type

Lotions and Creams
Foam Skin lightening Products
Gels Skin lightening Products
Serum and Toner
Scrubs
Others

End User

Men
Women

Price Range

Economic (US$ 10-50) Skin lightening Products
Mid-range (US$ 50-200) Skin lightening Products
Premium (US$ 200 & Above) Skin lightening Products

Nature

Natural/Herbal Skin lightening Products
Synthetic Skin lightening Products
Organic Skin lightening Products

Sales Channel

Pharmacies
Hypermarkets/ Supermarkets
Specialty Outlets
Convenience Stores
Beauty Stores
E-Retailers
Others

Region

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

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Traditional Toys and Games Market to Grow at 4% CAGR in 2031 | U.S. is Anticipated to dominate the North America

The global traditional toys and games market are slated to reach US$ 90 Bn in 2021, expanding at a 4% CAGR over the forecast period 2021-2031.As nations implemented lockdown to limit the COVID-19 pandemic, the desire for conventional toys and games increased. Some of the largest conventional toy and game businesses turned their attention to online sales channels as supply-chain disruptions continued to be a concern. In light of this, FMI expects the conventional toys and games market to expand by 2% annually between 2020 and 2021.

Surging demand for educational toys and games for toddlers is expected to augment growth of the traditional toys and games market. Educational toys are ideal for toddlers as they can help in stimulating the cognitive ability of children and improve their decision-making process.

Rising awareness regarding the significance of educational toys in children’s school curriculum will continue providing tailwinds to sales of traditional toys and games over the forecast period.

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In addition to this, growing trend of collecting action figures, toys, figurines, puzzles, and theme-based construction game sets among millennials is expected to augment growth of the market. To capitalize on this trend, manufacturers are investing in licensing and branding with premium franchises to launch such collectibles.

Key Takeaways:

Sales of construction games are expected to continue gaining traction over the assessment period.
Based on material, plastic traditional toys and games will continue dominating the market.
Demand for traditional toys and games for children under the 3-4 years age group is expected to gain momentum.
In terms of sales channels, online retail is expected to account for a dominant share of the global traditional toys and games market.
The U.S. is anticipated to dominate the North America toys and games market due to growing demand for licensed toys and games among millennials.
The U.K. will continue exhibiting high demand for traditional toys and games owing to growing popularity of technology-enabled toys.
China will emerge as a lucrative traditional toys and games market due to the expansion of ecommerce and wide availability of products in the country.
Japan and South Korea are expected to account for 35% and 21% of the total traditional toys and games market share over the forecast period.

Competitive Landscape

Dream International Limited, Hasbro, Inc., Jakks Pacific Inc., Mattel, Inc., Lego A/S, BANDAI NAMCO Holdings Inc., LeapFrog Enterprises, Inc., Spin Master Corp, Tomy Co., Ltd., Playmates Toys Limited, Games Workshop Group PLC, Kids Ii Inc., Madame Alexander Doll Company LLC, Mega Brands Inc., Melissa & Doug Inc., Funskool (India) Limited, Funko LLC, K’NEX Brands, L.P., Ravensburger AG, and MGA Entertainment, Inc. are among the leading players operating in the global traditional toys and games market.

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Leading players operating in the traditional toys and games market are aiming at product portfolio expansion by launching innovative products in the market. Apart from this, players are investing in licensing and branding of toys and games to gain a competitive edge in the market. For instance:

In July 2021, LeapFrog Enterprises Inc., a global leader in innovative educational toys, launched its new collection of learning toys that feature curriculum-based content and important foundational skills.
In October 2021, Spin Master Corp., launched the first collection as the global toy licensee for Riot Games’ ‘League of Legends’, the most-played PC game in the world.

Traditional Toys and Games Market by Category

By Product Type:

Games/Puzzles
Infants/Toddlers/Preschool Toys
Plush
Outdoor & Sports Toys
Model Vehicles
Dolls
Construction sets
Art and Crafts
Remote control toys
Educational toys
Dress up and role play
Ride on vehicles

By Material:

Plastic
Textile
Metal
Wood

By Age Group:

0-18 months
19-36 months
3-4 years
5-8 years
8-10 years
11-14 years

By Sales Channe:

Hyper/Super market
Online
Franchised Outlets
Departmental Stores
Others (Discounters, variety stores)

Region:

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

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Mobile Campaign Management Market Key Players, End User, Demand and Consumption by 2031

The Mobile campaign management market is set to witness steady growth during 2021-2031. One of the major growth drivers for the mobile campaign management tools and applications happen to be the increasing adoption of smartphones and mobile marketing platforms and tools by the retail industry.

Mobile campaign management helps companies in managing their digital marketing campaigns by communicating offers to users across smartphones, mobile, websites, social media, emails, and through other mediums.

What is Driving Demand for Mobile Campaign Management?

Major factors responsible for driving the growth of mobile campaign management market includes developing trend of mobile based marketing through mobile phones, tablets, and handheld devices coupled with changing trends in digital marketing.

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Additionally, advancements in network and communication are further expected to drive the growth of mobile campaign management applications. Upsurge in customer expectations to view real-time digital advertisements is further expected to drive the market growth.

However, availability of open-source mobile based campaign management platforms is expected to cause hindrance in the growth of the mobile campaign management platforms over the forecasted period.

Furthermore, changing dynamics of advertisement channels, the technological complexities involved in terms of compatibility, and adoption of stringent regulations by increasing number of countries, are few of the major factors restraining the growth of mobile based campaign management tools and applications.

Android is Expected to Hold the Largest Share of the Mobile Campaign Management Market by Operating System

On the basis of operating system, the market for mobile campaign management has been bifurcated in to iOS, android, and windows. Out of which, the android operating system is expected to hold the largest share of the global market for mobile campaign management. The growth of the segment can be attributed to the increasing adoption of smartphones and growing popularity of android based smartphones. The open source software happens to be another major factor driving the growth of the android operating system segment.

US and Canada Mobile Campaign Management Demand Outlook

U.S. happens to be one of the largest markets for mobile campaign management across the globe. The growth in U.S. is attributed to the presence of established players such as IBM Corporation, Adobe, Inc., Salesforce.com Inc., and Oracle Corporation among others in the region.

US happens to be the one of the major countries holding the largest share of the global market for mobile campaign management. The growing popularity of mobile campaign management in the US can be attributed to the increasing adoption of smartphones in the region.

Europe Demand Outlook for Mobile Campaign Management

The European digital advertising market is largely driven by the mobiles. Mobile consumption is on the rise across Europe. In 2020, the conventional offline verticals like education have seen an upsurge in the adoption of mobiles and smartphones.

Mobile-first verticals like video and music streaming, and shopping also observed an intensification in user activity and new mobile users, even more than the global average. Owing to this, there has been rise in demand for mobile campaign management tools and applications, thereby driving the market growth.

Who are the Key Manufacturers and Suppliers of Mobile Campaign Management?

Some of the leading providers of mobile campaign management include

SAP SE
Adobe
Salesforce.com, Inc.
Brus Media
Braze, Inc.
Comarch SA
IBM Corporation
FollowAnalytics, Inc.
IMImobile Europe Ltd.

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Mobile Campaign Management Market Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Key Segments

By Operating System:

iOS
Android
Windows

By Enterprise Size:

SMEs
Large Enterprises

By Industry:

BFSI
Healthcare
Retail
Hospitality
Automotive
IT & Telecom
Energy
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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Laundry Care Market is Expected to Register $35 billion in terms of value in 2031 | Fabric Softeners Segment is Poised to Expand

The global laundry care market is anticipated to be worth between $25 billion and $35 billion in 2021. Through 2021–2031, the market is anticipated to increase at a 5% CAGR. Sales of liquid detergents are anticipated to rise as consumers choose them more frequently because they offer improved compatibility with washing machines and clean delicate textiles more effectively without causing damage.

Some of the top laundry care market players are introducing liquid detergents with plant-based ingredients in response to the surging demand for organic homecare products. On account of this, sales of laundry care products are expected to increase at 4% CAGR in terms of volume between 2021 and 2031.

Increasing adoption of advanced and automatic laundry machines which are compatible with detergent pods and liquid detergent also will improve the sales of liquid laundry detergents. Demand for sustainable and plant-based liquid detergents is rising, especially across India, China, and South Korea, which is expected to positively impact the growth in the market.

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Historically, demand for laundry care products increased at 4% CAGR between 2016 and 2020. However, with unprecedented outbreak of COVID-19 and increasing awareness for personal hygiene, demand for organic liquid detergents and fabric softeners has burgeoned.

According to the report, emergence of e-commerce platforms and promotion of plant-based liquid detergents and laundry care products will continue accelerating the demand in the laundry care market.

Key Takeaways from FMI’s Laundry Care Market Study

Based on product type, the fabric softeners segment is poised to expand at over 5.6% CAGR 2021
In terms of source type, synthetic segment is expected to register growth at 5.1% CAGR during the forecast period
Sales of powder laundry care products are expected to reach US$ 38.5 Bn between 2021 and 2031
South Korea and Japan are expected to account for over 22% and 34% of global sales in 2021, respectively
India and China are expected to spearhead the growth of South and East Asia laundry care market, respectively during the forecast period

Competitive Landscape

As per FMI, top players are expected to account for over 25%-35% of global market share in 2021. Key players are focusing on collaboration with e-commerce and local vendors to increase their revenue.

Some of the key players are also introducing sustainable and plant-based laundry care products, targeting vegan consumers, to create lucrative revenues.

For instance, In September 2020, Woolite, a subsidiary of Reckitt Benckiser Group PLC, announced the launch of stain remover wipes which is made up of non-toxic ingredients and with eco-friendly packaging effective on all kinds of stain.

Some of the players operating in laundry care market profiled by FMI are Procter & Gamble Co., Unilever PLC, Colgate-Palmolive Company, Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, Amway Corporation, Kao Corporation, S.C. Johnson & Son Inc., LG Household & Health Care Ltd., Golrang Industrial Group, Lion Corporation, Church & Dwight Co., Inc. and Alicorp S.A.A. among others

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Laundry Care Market by Category

Product Type:

Fabric Softeners
Laundry Detergents
Others

Distribution Channel:

Wholesaler/Distributors
Supermarket/Hypermarket
Convenience Stores
E-Commerce
Grocery Stores
Others

Source Type:

Synthetic
Organic
Others

Form Type:

Powder
Cake/Block
Liquid
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Middle East & Africa

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Colour Cosmetics Market is Anticipated to Grow at a CAGR of 5% by 2031 | China and South Korea are Expected to Spearhead the Growth

The colour cosmetics industry is anticipated to grow at a CAGR of 5%. Sales of colour cosmetics will reach US$ 50 billion by 2031 as demand for natural and organic colour cosmetics and facial makeup products continues to grow.

Thanks to the growth of distribution channels and the growing adoption of social media platforms, sales of colour cosmetics have skyrocketed. Additionally, it is projected that throughout the projection period, the rising demand for cruelty-free cosmetics would propel sales of vegan colour cosmetics.

The growing demand for eco-friendly cosmetics and the inclusion of cutting-edge technologies like artificial intelligence will be favourable for the market for colour cosmetics. AI is being used by top colour cosmetic firms like L’Oreal and others to enhance the comparison and visualisation of hundreds of cosmetic colour variations.

Besides this, key players are investing extensively in research activities to include organic and natural color cosmetics such as face and eye makeup products in their portfolio. This is expected to bode well for the market.

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As per FMI, facial make-up segment is expected to remain dominant in the global color cosmetic market during the forecast period.

Key Takeaways from FMI’s Color Cosmetics Market Study

Based on product type, natural & organic color cosmetic segment will account for nearly 49.9% of market share over the next five years.
In terms of product category, sales in the eye makeup segment will total US$ 15 Bn by 2026
In terms of price, premium color cosmetic segment is expected to account for over 60% of global market share
China and South Korea are expected to spearhead the growth across East Asia color cosmetic market
Supermarkets are expected to remain the preferred distribution channel in the color cosmetics market, however, sales via e-commerce are expected to pick up at a higher pace
The U.S. is expected to dominate the North America color cosmetic market, with sales of color cosmetics across North America surging at 2% CAGR through the assessment period.

Competitive Landscape

As per FMI, top players are expected to account for over 30%-35% of global market share in 2021. Presence of numerous leading players in the market have led to intense competition. In order to gain competitive edge, key players are collaborating with social media influencers and e-commerce giants.

Also, some of the manufacturers are introducing new products under the clean-label category in order to capitalize on surging demand for organic and natural color cosmetic products. They are also investing in research and development activities to develop products with extended shelf-life.

Some of the key players profiled by Future Market Insights are L’Oréal SA, LVMH (Moet Hennessey Louis Vuitton), Estee Lauder Companies Inc., Revlon Inc., Shiseido Co. Ltd., Chanel S.A., Coty Inc., Mary Kay Cosmetics, Amway Cosmetics, Kose Corporation, and Others.

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Color Cosmetics Market by Category

Product Type:

Chemical
Natural & Organic

Distribution Channel:

Hypermarket/ Supermarket
Convenience Store
Specialty Store
Direct Selling
e-Commerce

Price:

Economic
Premium

Product Category:

Nail Products
Facial Makeup
Eye Makeup
Lip Products
Hair Colour Products
Special Effects Products

Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Middle East & Africa
Japan

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Data Protection as a Service (DPaaS) Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

The Data protection as a service market is set to witness steady growth during 2021-2031. One of the major growth drivers for the data protection as a service market happens to be the increasing transition to a cloud-based model and the growing need to protect, restore information in real-time, and create a backup for the data.

What is Driving Demand for Data Protection as a Service (DPaaS)?

Growing demand for cloud-based disaster recovery and backup for simulated machines and integration of recovery and backup services have increased significantly and are anticipated to provide rewarding prospects for the growth of data protection services across the globe. The data protection as a service solutions also help in protecting and restoring the data and information within the database. Hence, the market is projected to grow at a significant rate over the forecast period.

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Storage as a Service is Expected to hold the Largest Share of the Data Protection as a Service (DPaaS) Market by Service Type

On the basis of service type, the sensor market has been bifurcated in to Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS), and Storage as a Service (STaaS). Out of which, the storage as a service segment dominated the global market in 2020 accounting for a 47% of the total revenue share. The growth of the segment can be attributed to the growing demand for cost-effective ways to alleviate storage and disaster recovery services.

Moreover, the increasing demand for long term retention of records and databases, coupled with growing demand for cloud to boost their business continuity is further driving the growth of storage as a service segment across the globe.

US and Canada Data Protection as a Service (DPaaS) Demand Outlook

U.S. happens to be one of the largest markets for data protection as a service across the globe. The growth in U.S. is attributed to the presence of established players such as

Amazon Web ServicesInc.;
Cisco Systems Inc.;
Dell Inc.;
Commvault Systems Inc.;
HP Development Company L.P.;
Microsoft;
IBM

Europe Demand Outlook for Data Protection as a Service (DPaaS)

The growth of data protection as s service market in the Europe region is largely influenced by the growing adoption of next-generation technologies and collective migration of data to a cloud based storage model. The growth of the market is further driven by the increasing demand for agility, flexibility, and enhanced cost savings with the data protection as a service model.

Who are the Key Manufacturers and Suppliers of Data Protection as a Service (DPaaS)?

Some of the leading providers of Data Protection as a Service (DPaaS) include

Amazon Web Services, Inc.
Asigra, Inc.
Cisco Systems, Inc.
Dell Inc.
Commvault Systems, Inc.
HP Development Company L.P.
Microsoft
IBM
NetApp, Inc

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Data Protection as a Service Market Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Key Segments

By Type:

Disaster Recovery as a Service (DRaaS)
Backup as a Service (BaaS)
Storage as a Service (STaaS)

By Deployment:

Public Cloud
Private Cloud
Hybrid Cloud

By End Use:

SMEs
Large Enterprises

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By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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South America Residential Water Treatment Equipment Market is Likely to grow at a CAGR of 9.2% through 2026

The demand in the South America residential water treatment equipment market will multiply at a CAGR of 9.2% during the forecast period of 2016 to 2026. In 2016, the total opportunities in this market translated into a revenue of US$330.0 MN.

The residential water treatment equipment market is being driven by rising awareness of environmental pollution, harmful effects of hard water, rising concerns about waterborne diseases and other risks, the introduction of smart water purifiers, growth in online sales of water treatment equipment, and the need for additional treatment at POE or POU to collect recycled water.

On the other hand, lack of awareness among consumers, cost of equipment, installation, and periodic services, and aging infrastructure are a few obstructions hindering the prosperity of the market.

Nevertheless, growing investments on energy-efficient and advanced water treatment technologies, smart metering and data analysis, provision of product certification and performance of specific products, growing number of collaborations between government and private players, and recent technological advancements in the treatment processes.

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The analysts of the report have detected that Brazil is the most lucrative country for the vendors operating in the South America residential water treatment equipment market, projecting the demand from the 200-plus million strong nation to increment at a CAGR of 8.7%, producing a revenue of more than US$475 mn by 2026.

The Brazil residential water treatment equipment market is driven by favorable government policies to counter radically escalating water contamination concerns in the states of Rio de Janeiro, Espírito Santo, São Paulo, and Minas Gerais. These states have had tremendous industrialization in the recent past, which is leading to greater demand for water purifiers.

In 2015, volume-wise, the Brazil residential water treatment equipment market produced a demand for 345 thousand units, and the FMI report has estimated the number to escalate up to 875 thousand units by 2026, gaining traction from growing awareness regarding the need and availability of products among the urban consumers. Most of the sales are being report from online portals and retail stores, while direct marketing methods are not generating enough leads.

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The competitive landscape of the South America residential water treatment equipment market is split wide open for product differentiation. There is a strong need for the introduction of new and innovative products in the regional market and the players are now increasing concentrating on UV and gravity or media based purifiers, as these products meet the aesthetics norms.

Some of the prominent companies in the South America residential water treatment equipment market, such as LG, Forbes Lux Group, Philips, and Panasonic are innovating and promoting UV purifiers and are expected to maintain their stronghold throughout the forecast period.

Based on equipment, the FMI report segments the South America residential water treatment equipment market into osmosis equipment, UV equipment, gravity or media equipment, faucet filter, and other filters.

Segmentation of Residential Water Treatment Equipment Market in South America

According to the taxonomy provided in the report, the residential water treatment equipment market in South America has three major segments includes, filtration devices, purification devices and regions.

On the basis of filtration devices, the market has faucet filters and others sub-segments. The other sub-segment includes filter water bottle, solar ball and water pitcher. Purification devices segments comprises of three segments, such as reverse osmosis, ultra violet and gravity media. Based on geography, the residential water treatment equipment market in South America has expanded among six major countries, namely, Argentina, Peru, Chile, Brazil, Venezuela and rest of South Africa.

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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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Mobile Phone Accessories Market is Likely to grow at a CAGR of 6.7% through 2031 | Rapid development of 5G technology

The mobile phone accessories market is valued at US$ 86.6 Billion in 2021. The market is likely to grow at a CAGR of 6.7% through 2031, reaching US$ 166 Billion. The increasing application of mobile phones and the expansion of 5G technology to ease operations and help in the smoother functioning of these devices are expected to have significant impact on mobile phone accessories market.

A Future Market Insights (FMI) analysis projects that by 2021, the market would be worth more than US$ 86.80 Bn.

The demand for mobile phone accessories has quickly increased as a result of the adoption of IoT in homes, and this trend will likely continue in the near future. The introduction of 5G technology will increase demand for mobile phone accessories that support augmented reality and virtual reality systems.

The rapid development of 5G technology will enhance the experience of devices linked wirelessly and will significantly increase the demand for wireless connectivity devices.

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In addition, growth in smart homes and smart appliances sales has been a complementing factor for mobile phone accessories. The demand for protective cases and covers is expected to be significantly high. Nearly 20% of mobile phone accessories sales are expected to concentrate in this segment.

With the advent of 5G technology, consumers will have a better experience at the usage of smart devices owing to better connectivity and high-speed Internet, which is estimated to fuel the demand for smart devices in the near future.

Key Takeaways from the Mobile Phone Accessories Market Study

FMI in its latest study has forecast the market to rise at a CAGR of ~6.7% between 2021 and 2031
The U.S. is expected to register impressive growth, accounting for above 78% of overall sales in North America
The U.K. is expected to register nearly 4% Y-o-Y growth in 2021
The demand from Germany and France is expected to rise considerably in response to the expansion of 5G networks
While China will remain leading market in East Asia, the demand from South Korea and Japan too is expected to rise at a swift pace

Increasing Focus on the Miniaturization of Electronic Devices

Companies are focusing on introducing compact electronic components for printed circuit boards. This is intended to enhance the performance of devices such as smartphones as well as reduce the overall production cost.

Moreover, they are expanding their footprint, especially in high-growth markets such as India and China through various mergers and acquisitions. Mobile phone accessories are increasingly adopted for improving the end-user experience of mobile phone users, which has contributed to the growing demand for mobile phone accessories.

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Impact of COIVD-19 & 2020 Market Analysis

The COVID-19 outbreak has encouraged governments and organizations to take exceptional measures to deal with the ongoing crisis. Such measures have led to the implementation of various restrictions on movement and business, transitory closure of organizations, and required physical distancing for extended period of time.

The COVID-19 pandemic has fundamentally reduced worldwide monetary action and has caused critical instability across various sectors. The COVID-19 pandemic and the measures taken by nations in response have adversely affected the mobile phone accessories business across the world.

Who is winning?

Some of the key players operating in the mobile phone accessories market are Samsung Electronics Co. Ltd., Logitech International S.A., Harman International Industries Incorporated, Plantronics Inc., Apple Inc., Sony Corporation, GN Group, Incipio Group, Western Digital Corporation, Kingston Technology Company Inc., Cambridge Soundworks Inc., Bscstore Inc., The Case Factory, TYLT, Ballistic, Moftware Inc., Seidio Inc., Skullcandy Inc., SincoCase International Industrial, Case Mate Inc., and among others. In order to gain competitive advantage, the market players are focusing on product launches. For instance:

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