Market Research Blog

The global weather forecasting services market is estimated at US$ 2.2 Billion in 2021 and is projected to procure US$ 2.35 Billion by 2022. The market is anticipated to garner US$ 4.5 Billion by 2032 while recording a CAGR of 6.7% during the Forecasting period from 2022 to 2032. Expansion of the market can be attributed to the increasing utility in end-use industries like marine, renewable, logistics, and transport industry to increase efficiency and reduce cost across various developing countries.

Moreover, the growing Aviation and Energy industries are another salient factor augmenting the industry in the assessment period. The growing usage of small-range Weather Forecasting Services in predicting environmental conditions is likely to offer significant opportunities for expansion in the industry in the Forecasting period.

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On the contrary, owing to the intrinsic nonlinearity of weather Forecasting models is expected to be the major factor hindering the market expansion. Moreover, the proper integration and analysis of a huge amount of data makes the process even more complex, which is another factor impeding the industry expansion in the Forecasting period.

Key Takeaways from the Market Study

• Weather forecasting services for agriculture to capture the largest revenue share of more than 60%
• Medium-range Forecasting services segment to expand at a CAGR of 6.7% during the Forecasting period
• The U.S market is expected to secure USD 1.44 Billion while expanding at a CAGR of 7%
• China to record a CAGR of 6.8% during the 2022-2032 period of assessment

Competitive Landscape 

Key players in the global Weather Forecasting Services market include AccuWeather, Inc., DTN, Earth Networks, Fugro, Met Office, Precision Weather Service, Spire Global, StormGeo, The Tomorrow Companies Inc., and The Weather Company (IBM). Some of the recent key developments among the players are:

• In January 2022, Global weather and digital media leader AccuWeather announced the acquisition of Paris-based environmental technology company Plume Labs® for an undisclosed amount, effective immediately. The deal is AccuWeather’s 15th acquisition since its founding 59 years ago.  AccuWeather integrated the company in January 2022 and the deal was closed in December of 2021.
• In May 2022, DTN, a global data, analytics, and technology company began testing the high-performance computing (HPC) capabilities of Amazon Web Services (AWS) and running data processing and modeling workloads on Amazon Elastic Compute Cloud (Amazon EC2), a service that provides secure, resizable compute capacity in the cloud.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Weather Forecasting Services market, presenting historical market data (2017-2021) and Forecasting statistics for the period of 2022-2032.

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Key Segments Covered In The Weather Forecasting Services Industry Survey

Weather Forecasting Services Market by Forecast:

• Nowcasting Weather Forecasting Services
• Short-range Weather Forecasting Services
• Medium-range Weather Forecasting Services
• Long-range Weather Forecasting Services

Weather Forecasting Services Market by Organization Size:

• Weather Forecasting Services for Large Enterprises
• Weather Forecasting Services for Small & Medium Enterprises

Weather Forecasting Services Market by Industry:

• Weather Forecasting Services for Agriculture
• Weather Forecasting Services for Aviation
• Weather Forecasting Services for Energy & Utilities
• Weather Forecasting Services for Renewables
• Weather Forecasting Services for Retail
• Weather Forecasting Services for Manufacturing
• Weather Forecasting Services for Media
• Weather Forecasting Services for Logistics & Transportation
• Weather Forecasting Services for Marine Industry
• Weather Forecasting Services for Other Industries

Weather Forecasting Services Market by Region:

• North America Weather Forecasting Services Market
• Latin America Weather Forecasting Services Market
• Europe Weather Forecasting Services Market
• Asia Pacific Weather Forecasting Services Market
• The Middle East & Africa Weather Forecasting Services Market

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The POU Water Purifiers size is anticipated to be US$ 50.63 billion by 2032 and POU water purifier market s projected to have a CAGR of 7.5% through 2032.Point of use (POU), point of entry (POE), and portable water purifiers are all parts of a residential water filtration system. Additionally, compared to POE and portable water purifiers, POU water purifiers are in great demand among customers in the MENA area.

Products with high purification capacities, such as those that combine reverse osmosis (RO) and ultraviolet (UV) technology, are more popular in the POU water purifiers market. Additionally, it has been noted that, compared to the overall MENA area, the GCC’s metropolitan centres account for the majority of the demand.

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Market Segments

• The POU water purifiers market is segmented on the basis of technology which includes RO, UV and media-based.
• RO technology based water purifiers segment is estimated to account for slightly over 40% of the total POU water purifiers market in MENA region in 2014.
• Media-based water purification, which is a conventional water purification technology has also witnessed technological advancements, and is estimated to display a CAGR of 9.3% during the forecast period, in terms of volume.
• The third technology, UV based water purifiers, is estimated to exhibit a sluggish growth rate during the forecast period due to its limitation in removing only organic contaminants from water. Additionally, UV-based water purifiers are also priced higher in comparison to media-based water purifiers and hence the product preference for UV based water purifiers is comparatively low.

Product Synopsis

This Future Market Insights report examines the ‘POU Water Purifier Market’ in Middle East and North Africa region for the period 2014–2020. The primary objective of the report is to offer key insights about water purifier market in MENA to current market participants or new entrant’s participants across the value chain.

Report includes study of the three key technologies of water purification i.e. Reverse Osmosis (RO),

Ultra Violet (UV) and Media filtration (Gravity). Report offers in depth analysis of market size, forecast and the key trends followed in all three segments.

The report starts with an overview of parent market i.e. water treatment industry in MENA and the part POU water purifier industry plays in it. Report also offer useful insights about global POU water purifier market and the role MENA market is posed to play.

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The next section highlights POU water purifier market by region. It provides market outlook for 2014- 2020 and sets forecast within context of water purifier market, including the three technologies to build out a complete picture at regional level.

This study discusses the key regional trends contributing to the growth of the water purifier market in MENA as well as analyses the degree at which key drivers are influencing water purifiers market in each region of MENA. For this report, regions assessed are Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, Algeria and rest of MENA.

To calculate the revenue generated from POU water purifiers, the report considered total volume sales of water purifier along with the average selling price, and also the revenue generated from water purifier segment of major players in the market. When forecasting market, the starting point is sizing the current market, which forms the basis for how market will develop in future. Given the

Table of Content

1. Executive Summary
2. Research Methodology & Scope
3. Assumptions & Acronyms Used
4. Market Overview

4.1. Introduction

4.2. Market Segmentation

4.3. Parent Market Indicators

4.3.1. MENA Water Market

4.3.2. MENA Water & Wastewater Treatment Equipment Market

5. MENA POU Water Purifier Market Overview

5.1. Market Size & Forecast – Value

5.2. Y-o-Y Growth

5.3. Market Proportion

5.4. Regional Comparison

5.5. Market Dynamics

5.5.1. Demand Drivers & Relative Impact

5.5.2. Supply Drivers & Relative Impact

5.5.3. Major Restraints & Relative Impact

5.5.4. Trends & Recent Market Developments

TOC Continued….

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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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According to a recently published report by Future Market Insights, the global 3PL software market is estimated at US$ 1.20 Billion in 2021 and is projected to reach US$ 1.24 Billion by 2022 & reaching US$ 2.3 Billion by 2032 It is predicted that the market will grow at a CAGR of 6.4% between 2022 and 2032. The ability to collect data electronically, automate warehouses, and digitize the entire supply chain has allowed companies to adopt a personalized, adaptable, and customer-centric approach to software in the market.

Consequently, 3PL companies utilize technologically advanced solutions to gain a competitive advantage in a highly competitive market by using blockchain solutions, mobile technologies, and 3PL software. From 2015-2021, the industry experienced a CAGR of 7.1%.

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Using Automated Guided Vehicles (AGVs) can result in fewer human errors, improved workflow, increased precision, and improved productivity and service. Increasingly, companies are embracing logistics automation to deliver immediate value and long-term results. Reduced operational costs are the result of shippers shifting their focus from logistics and back-office activities such as warehouses, order picking & packing, kitting & final assembly, sourcing, and labeling. Shippers can use these value-added software services to mitigate inventory & transportation costs, which in turn is becoming a boon for the 3PL software market.

Key Takeaways:

• Global 3PL software market to flourish 1.8x during the forthcoming decade, reaching US$ 2.3 Billion
• 3PL software to generate an absolute value of US$ 1.1 Billion from 2022-2032
• Technological industry to make maximum use of 3P software, growing at a 6.3% CAGR
• By mode of transport, roadways segment to expand at a CAGR of 6.5% during the forecast period
• In the U.S., the market is predicted to reach US$ 839.5 Million while growing at a CAGR of 6.2% during the forecast period
• China’s market is expected to reach a market value of US$ 174.6 Million with a CAGR of 6.1%

Competitive Landscape

Through strategic partnerships, manufacturers can increase production and meet consumer demand, increasing both their revenues and market share. The introduction of new products and technologies will allow end-users to reap the benefits of new technologies. Increasing the company’s production capacity is one of the potential benefits of a strategic partnership.

• In May 2022, Enveyo, announced that its Insights parcel analytics platform has helped Saddle Creek Logistics Services streamline and automate the management of parcel analytics and client billing. As part of the implementation of Enveyo’s parcel analytics solution, Insights, Saddle Creek eliminated the manual and time-consuming process of shipment reporting and billing.

• In May 2022, Zethcon Corporation has announced that the company’s flagship Synapse WMS product has been successfully implemented by RBW Logistics, a third-party logistics provider (3PL) based in Augusta, Georgia. For RBW to best serve existing customer needs and provide expanded capabilities required to support new growth opportunities, Zethcon provided its warehouse management system (WMS) and 3PL expertise.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global 3PL software market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered In The 3PL Software Market Report

3PL Software Market by Mode of Transport:

• 3PL Software for Railways
• 3PL Software for Roadways
• 3PL Software for Waterways
• 3PL Software for Airways

3PL Software Market by Service Type:

• 3PL Software for Dedicated Contract Carriage (DCC)
• 3PL Software for Domestic Transportation Management
• 3PL Software for International Transportation Management
• 3PL Software for Warehousing & Distribution
• 3PL Software for Other Service Types

3PL Software Market by Industry:

• 3PL Software for the Technological Industry
• 3PL Software for the Automotive Industry
• 3PL Software for the Retailing Industry
• 3PL Software for the Elements Industry
• 3PL Software for the Food & Groceries Industry
• 3PL Software for the Healthcare Industry
• 3PL Software for Other Industries

3PL Software Market by Region:

• North America 3PL Software Market
• Latin America 3PL Software Market
• Europe 3PL Software Market
• Asia Pacific 3PL Software Market
• Middle East & Africa 3PL Software Market

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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.

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The global component content management system market is expected to expand at a CAGR of 9% while garnering a market value worth US$ 7.3 Billion during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the growing demand for content optimization software.

Further, the increasing popularity of multi-channel publishing is projected to be another salient factor augmenting the market size during the assessment time. In addition, the surging adoption of workflow automation technologies in companies is likely to benefit the industry in the assessment period. Institutions across the globe are opting for efficient component content management systems for several solutions, and the trend is projected to maintain its position during the assessment time.

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Additionally, players in the market are integrating AI, machine learning, and analytics-based solutions, which are expected to provide significant opportunities for market growth. In March 2021, Datamatics Global Services Limited launched an advanced version of TruCap+ with pre-built AI/ML capabilities. The solution allows enterprises to perform end-to-end document processes with high accuracy. Such steps taken by players are anticipated to support market growth during the forecast period.

Key Takeaways from the Market Study:

• By type, the cloud-based segment is expected to expand at a CAGR of 8.7% during the forecast period
• Based on application, the large enterprise segment is projected to witness a growth rate of 8.5% in the assessment period
• Market in the U.K is anticipated to garner a market value worth US$ 335.1 Million by 2032.
• The industry in China to propel at a CAGR of 9.1% during the assessment period.
• Sales in Japan is expected to increase at a growth rate of 8.3% during the assessment time.
• The market in South Korea is projected to hold a market value of US$ 7.3% during the forecast period.

Competition Analysis 

Key players in the global component content management systems market include IXIASOFT, Adobe, eZ Systems, SDL Tridion Docs, and OpenText.

Recent developments in the industry are:

• In 2021, IXIASOFT, a Canadian company, announced that it acquired AuthorBridge from Stilo International.
• In April 2021, Hyland acquired a content services platform, called Nuxeo. The acquisition put the entire company, including products and technology, under Hyland.

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More Valuable Insights

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

Key Segments Profiled In The Component Content Management Systems Market Report

Component Content Management Systems Market by Type:

• Cloud-based Component Content Management Systems
• Web-based Component Content Management Systems

Component Content Management Systems Market by Application:

• Component Content Management Systems for Large Enterprises
• Component Content Management Systems for SMEs

Component Content Management Systems Market by Region:

• North America Component Content Management Systems Market
• Latin America Component Content Management Systems Market
• Europe Component Content Management Systems Market
• Asia Pacific Component Content Management Systems Market
• Middle East and Africa Component Content Management Systems Market

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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.

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The PropTech market is predicted to account for US$ 86.5 billion in 2032, up from US$ 18.2 billion in 2022, advancing at a CAGR of 16.8% during the forecast period (2022-2032).

Demand for PropTech is high, as PropTech lowers operating costs and helps agencies save money. Customers are provided with digital/virtual services, and agents are able to work on the go. As a result, profits and productivity rise.

The number of PropTech start-ups has increased as a result of the work-from-home legislation. Furthermore, as real estate companies struggle to remain relevant in the new climate, it has driven significant expansion of the PropTech market.

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Artificial Intelligence and Virtual Reality are simply the tip of the iceberg when it comes to expressing how far PropTech has come in terms of technical progress. The real estate industry is not immune to technological upheaval. While the global real estate sector has gone through a significant paradigm shift, it revealed higher opportunities in the PropTech market.

During the projected period, factors such as the growing acceptance of several innovative technology-based solutions and services in the real estate industry are projected to drive the PropTech market.

Airbnb is a great example of PropTech being used in this way. PropTech market analysis states that it aids in the accurate collection and interpretation of data. Adoption of PropTech is encouraging, as it makes keeping track of investors much easier.

Key Takeaways: 

• The PropTech market is predicted to develop at a CAGR of 16.8%, with a market share of US$ 86.5 billion through 2032.
• In the United States, the PropTech market is estimated to have a CAGR of 16% through 2032.
• The PropTech market in China is expected to have a prodigious CAGR of 23.7% through 2032.
• The PropTech market in Japan is expected to have a CAGR of 26.5% through 2032.
• The PropTech market in the UK is expected to have a CAGR of 17.1% through 2032.
• The retail segment of the PropTech market, by industry, is expected to grow at a CAGR of 19.4% through 2032.
• The PropTech services segment of the PropTech market, based on solutions, is expected to grow at an annual rate of 18.5% through 2032.

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Competitive Landscape:

Locale, Airbnb, OYO, Lianjia, WeCompany, Compass, Houzz, Fangdd, Ucommune, Ziroom are some major PropTech market players in the PropTech market.

The leading companies in the growth of the PropTech market are likely to focus on production and generate revenue to increase the PropTech market share.

Key segments

By Solution:

• PropTech Solutions
• PropTech Services

By Property Type:

• Residential Property
• Commercial Property

By Industries:

• Hospitality
• Retail
• Manufacturing
• Construction
• Other

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & 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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According to the computer aided facility management (CAFM) market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of 7.1% from 2022-2032.

The report also forecasts that the market will surpass a valuation of ~US$ 1,047.5 Mn by 2022 and US$ 2,081.4 Mn by 2032. Technologies such as Internet of Things (IoT), cloud-computing, automation and others are responsible for the growth of CAFM software as these technologies are deployed by facilities management vendors to help enterprises work in the data-driven environment.

Big data is transforming maintenance and operation regimes across the facilities management industry. The technology allows facilities management to gain meaningful insights from a vast amount of heterogeneous data gathered from a variety of sources. Integration of sensors with IoT provides insights for reduction of real estate cost and enhancing the overall employee experience.

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Further, IoT sensors play a key role in identifying spaces used on regular bases for adjusting cleaning schedule while saving time and cost. This enables cleaner, safer workplaces with smarter, more responsive maintenance. Thus, adoption of technologies such as big data and IoT is fueling the growth.

Key Takeaways: Computer Aided Facility Management (CAFM) Market 

• By solution, computer aided facility management software segment is anticipated to account for the leading share 71.2% in the global demand for computer aided facility management during 2032.
• By enterprise size, the adoption of computer aided facility managements in small & medium enterprises is anticipated to increase at a CAGR of 8.6% between 2022 & 2032.
• By industry, the adoption of computer aided facility management in IT & Telecom is anticipated to grow at a CAGR of 9.9% between 2022 & 2032, while manufacturing segment is dominating the market share during the current year 2022.
• North America is expected to lead the market followed by East Asia in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
• Japan computer aided facility management (CAFM) market is expected to progress at a CAGR of 6.0% through 2032.
• In GCC Countries, sales of computer aided facility management (CAFM) solutions are expected to increase at a CAGR of 9.0% over the forecast period.

Increasing Demand for Integrated Facilities Management to Drive CAFM Market

Integrated facilities management is the consolidation of entire facility-related solutions and processes under single unified management group with a single point of contact. It is a proven method for streamlining of operations and task management in large enterprises. It is easy to observe why the facilities management market has been on the rise in terms of technology owing to rising surge for space management, smart infrastructure and cloud based solutions.

With growing importance for enhanced collaboration, improved human resource engagement, accurate reporting and disaster planning the insistence for computer aided facilities management software which serves the consolidated benefits of integrated facilities is predicted to rise, creating an attractive environment for CAFM software market players.

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Growing Demand for Smart Facilities Propelling CAFM Market Growth

The CAFM market has seen considerable growth in the recent years owing to the insistence for smart facilities for enhanced employee experience at the workplace. Controlling work environment variables is simply one aspect of facilities management which further includes optimization of workplace and anticipating complications for creating a rational positive experience for employees.

Emergence of smart buildings in large scale enterprises equipped with sensors and technology, has resulted in a higher demand for facilities management services that goes beyond the typical scope of employment with purposeful use of the available space being crucial and essential part in cost and efficiency of the enterprise.

Smart software leverages technologies such AI, machine learning for energy predictions, predictive maintenance and security providing high level of assistance for facility managers while facilitating workforce with the finest experience in workplace management.

Computer Aided Facility Management (CAFM) Outlook By Category

By Solution:

• Computer Aided Facility Management (CAFM) Software
• Services

By Enterprise Size:

• Small and Mid-Size Enterprises (SMEs)
• Large Enterprises

By Industry:

• IT & Telecom
• BFSI
• Manufacturing
• Energy & Utilities
• Government & Defense
• Healthcare & Life Sciences
• Retail & CPG
• Transportation & Logistics
• Others

By Region:

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

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The fraud detection and prevention market is predicted to account for US$ 133.5 Billion in 2032, up from US$ 27.1 Billion in 2022, advancing at a CAGR of 17.3% during the forecast period (2022-2032).

Demand for fraud detection and prevention are likely to increase in the forecast period from 2022 to 2032 due to the increase in cyberattack all around the globe. The adoption of fraud detection and prevention is likely to grow in the fraud detection and prevention market to reduce such incidents.

The hackers are boosting the market while hacking several e-commerce and online shopping sites due to the high number of users spending time on the online sites or e-commerce sites for purchasing grocery and other personal use products, which increases the sales of fraud detection and prevention.

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They make the payment through the online payment mode on which they are likely to fraud with the real-time consumers with their online transaction, which leads to rapid growth in the adoption of fraud detection and prevention in the companies.

Increasing the cashless transaction and paying through various online transfer money applications generated the fraud through the hackers, which increased the sales of fraud detection and prevention.

The North American region is supposed to dominate in the fraud detection and prevention market size during the forecast period from 2022 to 2032. Due to huge corporate and multinational companies in the region, the hackers grab the opportunities to overtake the online money transactions along with their data which generates huge demand for fraud detection and prevention all around the globe.

All these factors are estimated to boost the fraud detection and prevention market share as per the report of the FMI market during the forecast period from 2022 to 2032.

Key Takeaways:

• Based on the fraud type segment, payment fraud is estimated to dominate the fraud detection and prevention market share during the forecast period 2022 to 2032.
• By the Vertical segment, retail & commerce is anticipated to lead the fraud detection and prevention market size in the forecast period 2022 to 2032.
• The U.S. holds a prominent role in the fraud detection and prevention market trends due to the number of corporate sectors and multi-national companies in the country.
• By 2032, the fraud detection and prevention market share is anticipated to rise to the valuation of US$ 133.5 Billion with a CAGR of 17.3%.

Competitive Landscape:

The key competitive companies are focused on the growth of fraud detection and prevention market share in the coming forecast period from 2022 to 2032. The companies are leading with their innovative skills and tactics to rise in the growth of fraud detective and prevention market analysis.

They use methods such as partnerships, mergers, collaboration etc to boost the economy in the forthcoming year. Some of the prominent key players are as follows. They are BAE System plc, Nice Actimize, ACI Worldwide Inc, FICO, LexisNexis, TransUnion, Kount, Inc., and others.

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Key Segments

By Components:

• Solutions Fraud Analytics, Authentication, Government, Risk and Compliance
• Services {Professional Services, Managed Services}

By Fraud Type:

• Check Fraud
• Identity Fraud
• Internet/Online Fraud
• Investment Fraud
• Payment Frauds
• Insurance Fraud
• Others

By Deployment Mode:

• Cloud
• On-premises

By Organization Size:

• SMEs
• Large Enterprises

By Vertical:

• BFSI {Banking and Financial, Insurance}
• Retail and Commerce
• Government
• Healthcare
• Manufacturing
• Ravel
• Transportation
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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Check Related Links – 

https://spurstartup.mn.co/posts/25933673

https://filltix-design.tribe.so/post/fire-alarm-systems-market-research-report-2022—global-forecast-till-2029-62f358d43d5c94a605dec2ba

https://comunidad.revistamyt.com/post/fire-alarm-systems-market-2022-key-players-swot-analysis-key-indicators-and–62f358d96398eb5f127623cc

https://techplanet.today/post/fire-alarm-systems-market-2022-key-players-swot-analysis-key-indicators-and-forecast-to-2029

https://tanmay4733.blogspot.com/2022/08/fire-alarm-systems-market-2022-key.html

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.

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Future Market Insights (FMI), in its new study, finds that the radio-frequency identification (RFID) in pharmaceuticals market was valued at over US$ 1.4 Bn in 2022. RFID in Pharmaceuticals Market is predicted to expand at an impressive CAGR of 7.9% to close in on a valuation of US$ 2.2 Bn by 2028. Prospects remain remarkable for the RFID in pharmaceuticals industry, as efficiency-led actions of players continue to enhance the reliability and accuracy of their business operations.

According to the study, such preventative measures against infiltration of counterfeit drugs are likely to have a positive economic influence on legitimate companies, who are now focusing on the deployment of anti-counterfeiting solutions. Focus of the organized players in the pharmaceutical sector to safeguard authenticity of their products, while creating moats for counterfeiters, will continue to favour growth of the RFID in pharmaceutical market.

Request Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9508

Chipless RFID Sales Remain Over 2X of Chipped RFID

According to the study, chipless RFIDs continue to gain robust attractiveness in the pharmaceutical industry, as they eliminate the hardware-related challenges associated with their chipped counterparts. Additionally, RFIDs without ICs allude at significant cost reduction of the component, in turn complementing their development and demand on a wide scale. However, complexities linked with designing and development of chipless RFID, such as data transmission and encoding, continue to sustain the demand for the chipped RFID to a certain extent. The study finds that sales of chipless RFID will remain over 2X that of the chipped RFID in 2022.

The study expects RFID reader to remain the core component in the RFID in pharmaceutical market, with growing focus of pharma suppliers on effective identification of products prior to their collection, storage and shipping. Gains in the RFID in pharmaceutical market will remain complemented by sales of RFID tags, with revenues in 2021 accounting for over one-third market share. 

Adoption Remains High among Drug Manufacturers

Application diversity of RFID in pharmaceutical industry has led its adoption among a wide range of end-users that range from drug manufacturers and drug wholesalers, to hospitals and clinics. The report estimates drug manufacturers to account for leading shares of the RFID in pharmaceutical market, who are constantly emphasizing on ensuring the authenticity of their products in the market. Adoption is expected to witness high-growth among drug wholesalers and hospitals and clinics, which collectively account for over two-fifth share of the market.

The study states that North America will remain the leading market for RFID in pharmaceutical, with Europe following the suit. Supremacy of developed economies in the RFID in pharmaceutical market is significantly attributed to stringent standards & regulations implemented for serialization, and relative greater prevalence of OTC and generic drugs in these regions. Additionally, focus of players in developed markets remains strong on brand protection, and preventing packaging-related product recalls, which in turn augurs well for growth of the RFID in pharmaceutical market.

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9508

Key Segments of RFID in Pharmaceuticals Industry Survey

By Component:

• RFID Readers
• RFID Tags
• RFID Middleware

By Type:

• Chipped RFID
• Chipless RFID

By Application:

• Drug Tracing Systems
• Drug Quality Management
• Others

By End User:

• Drug Manufacturers
• Drug Wholesalers
• Hospitals and Clinics
• Others

Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-9508

By Region:

• North America RFID in Pharmaceuticals Market
• Latin America RFID in Pharmaceuticals Market
• Europe RFID in Pharmaceuticals Market
• East Asia RFID in Pharmaceuticals Market
• South Asia & Pacific RFID in Pharmaceuticals Market
• Middle East & Africa (MEA) RFID in Pharmaceuticals Market

Check Related Links –

https://abkm.tribe.so/post/fire-alarm-systems-market-2022-scope-of-current-and-future-industry-2029-62f358c758e46cfb0ca4a44a

https://blogbook.tribe.so/post/fire-alarm-systems-market-2022-development-status-competition-analysis-type–62f358c7fd48d97070f2e95b

https://spurstartup.mn.co/posts/25933673

https://filltix-design.tribe.so/post/fire-alarm-systems-market-research-report-2022—global-forecast-till-2029-62f358d43d5c94a605dec2ba

https://comunidad.revistamyt.com/post/fire-alarm-systems-market-2022-key-players-swot-analysis-key-indicators-and–62f358d96398eb5f127623cc

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 6-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs