Middle East Flooring and Carpet Market is expected to be valued more than US$ 10 Mn by 2026 end

The market insight named “Flooring and Carpet Market: Middle East Industry Analysis and Opportunity Assessment, 2016–2026”conceived by Future Market Insights gives a transparent and smart analysis of the regional market. The report is an in-depth study of the market psyche and it also speaks elaborately on the several core components that can impact the fabric of the market within the period of assessment. The report delves deep into the darkest corners of the markets spread across the Middle East and tables some very crucial and futuristic data which are close-knitted with the genetic behaviour of the market.

The report says that the Middle East flooring and carpet market will grow manifold within the forecast period. Within the assessment period the market will shine and rise it will record more than 5% CAGR.

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This region of the globe is a cradle of weavers. Some of the best-known hands who can weave magic are available in part of the world. A plethora of products is available in this expanding middle-east flooring and carpet market. The portion of the world is steadily rising as one of the major tourism hubs also the real estate segment of this region is on fire. The economy is thriving and basking with a wave new investment. This entire economic resurgence is pushing ahead the width of the middle-east flooring and carpet market. The market exports some of the best quality, artificial grass, carpets, rugs, variety of laminated floorings and carpet titles to different parts of the world. The demand of these of niche products are maximum in different parts of the globe and as per this market analysis, the demand for these luxury products will surge in the coming few years. As per the report, the middle-east flooring and carpet market will cater commercial as well as the domestic customers.

The market is extremely challenging as most of the customers of this segment do have an eye for details and they are eager to shell out some extra bucks to get the best possible products from the market. To cope up with this new breed of customers the manufacturers are polishing their skills and tabling custom made products to stay afloat in this competitive market. Lucrative discounts, advanced 3D technology is introduced in the market to enhance the customer outreach. The major stakeholders of the market are steadily revamping their manufacturing policies to meet the elevated environment-friendly standards issued by the government.  As per the application type, the market is fragmented into commercial, residential offices, hospital and healthcare, industrial application, automotive and retail. Several raw materials are used in this market and they are Polypropylene, polyester, other materials and nylon. The rise of the new luxury conscious customers, expanding the economy of the region and expanding demand for these products in educational institutes, hospitals and hospitality will drive the market forward in within the assessment period predicts the report.

Segment Analysis

  • The nylon section will dominate more than 40% of the market share until the end of 2016 apart from this the other material segment of the market will also contribute significantly to the growth of the Middle East flooring and carpet market
  • The residential segment will push the market ahead in 2016. The automotive application and hospitality segment will also show positive results in the assessment period

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Regional Analysis

Qatar and Kuwait will be significant contributors to the growth of the Middle East flooring and carpet market. As Qatar will be the hosting mega football event in the year 2022, thus it will affect the market periphery of the flooring and carpet. Apart from this other country of this region such as UAE, Egypt, Iran, Kuwait, Bahrain, Oman and Turkey will also showcase good development in the market.

Vendor Insights

Some of the prime players who are operating in this segment are Cerner Corporation, Care Fusion Corporation, Kirby Lester LLC, Swisslog Holdings AG etc.

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Residential Water Treatment Devices Market is expected to record a robust CAGR of 9% by the end of 2027

The global residential water treatment devices market is expected to record a robust CAGR of 9% from 2017 to 2027 and cross a value of US$ 56 billion by that time. Water is essential to the survival of all living organisms and it is simultaneously one of the scarcest resources. Large-scale urbanization, rampant use of pesticides, and natural pollutants present in some water bodies have contaminated these sources of life, rendering them unfit for human consumption. Future Market Insights in its report titled ‘Residential Water Treatment Devices Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027)’ has comprehensively analysed the global residential water treatment devices market that is expected to record a robust CAGR of 9% from 2017 to 2027 and cross a value of US$ 56 billion by that time.

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Region – Governments Unable to Provide Safe Drinking to all Citizens in APEJ

The APEJ region now accounts for 3/5th of the global population and is growing rapidly. A UNICEF report estimates that the growth rate far there outpaces that of the number of people gaining access to safe drinking water. The 2011 Census of India states that 14% of households in the country cannot access safe drinking water. In addition to this, large scale industrialization and excessive pesticide use deteriorates the quality of natural water bodies in the APEJ region. Many water bodies that provide water for millions of local inhabitants have dangerously high levels of toxins. In China, more than 80% of water bodies including shallow groundwater has been affected by industrial waste and agricultural chemicals that seep into the nearest water body from the soil and waste injection. In Indonesia, more than 75% of rivers are polluted with high levels of fluoride and arsenic and this directly leads to the deaths of approx. 50,000 people annually.

Region – Increasing Cases of Waterborne Diseases in North America

The U.S. has one of the safest drinking water systems on the globe yet there are several cases of gastrointestinal illnesses reported in the country every year because of the inadequacy of public water systems that excludes consumption from non-public systems. Waterborne contaminants can lead to numerous health problems such as vomiting, diarrhoea, breathing difficulty, eye, ear, and skin infections, and pneumonia. Diseases such as giardiasis, cryptosporidiosis, otitis externa caused nearly 40,000 hospitalizations and cost just under a billion dollars every year in the country. The bacteria Clostridium difficile alone causes almost 8000 deaths annually. These deaths can be avoided with the help of devices available in the North America residential water treatment devices market that is projected to be worth roughly US$ 7.8 billion in 2027 with the US comprising the bulk of this.

Equipment Type – Reverse Osmosis Most Popular Equipment Type

The reverse osmosis segment has a market share of almost 60% in the residential water treatment devices market in 2017 and is anticipated to rise to 63% by the end of the forecast period. Reverse osmosis is projected to witness the highest CAGR of 9.7% by value from 2017-2027, making it imperative for key stakeholders in the residential water treatment devices market to target this equipment type. An absolute dollar opportunity of slightly under a billion dollars in 2017 over 2016 is waiting to be tapped in the reverse osmosis segment of the residential water treatment devices market.

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Competition Dashboard in the Residential Water Treatment Devices Market

The companies profiled in the residential water treatment devices market report are Amway Corporation, The 3M Company, Haier Group Corporation, Robert Bosch GmbH, Whirlpool Corporation, BRITA GmbH, Culligan International Company, Eureka Forbes, Kent RO Systems Ltd., Panasonic Corp ADR, LG Electronics Inc.,Hindustan Unilever Ltd., Mitsubishi Rayon Cleansui Co. Ltd., P.T. Holland, A.O. Smith Corporation, Mazuma Thailand Co. Ltd., Ceramica Stefani S.A., Lorenzetti S.A., PSA Industrias Pugliese S. A.,Europa Group, and Indústria Brasileira de Bebedouros Ltda. S.A.

Key Insights in the Residential Water Treatment Devices Market

The residential water treatment devices market has been characterized by the lack of new technologies and a sluggishness on the part of key stakeholders. There has been no major R&D investment and product differentiation is absent. Thus, price becomes the deciding factor for buyers and any company that can reduce the initial or maintenance cost substantially stands to reap significant benefits in the residential water treatment devices market. Companies should try to introduce smart new products that offer a multitude of features such as heating or chilling water, adding flavours or purifying it at multiple stages.

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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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Mass Notification System in Healthcare Market 2022 | Scope of Current and Future Industry 2027

The Mass Notification System in Healthcare Market is forecasted to reach US$ 1,521.5 Mn in 2022, a valuation of US$ 3,326.5 Mn by 2027 and exhibit a remarkable 16.9% CAGR between 2022 and 2027. With advancements in wireless technology and increasing penetration of smart devices in healthcare associations, digital healthcare innovations are emerging and impacting clinical and business processes, according to FMI’s analysis. These improvements are creating potential growth opportunities for the mass notification system in the healthcare market.

Base year (2022) Market Value US$ 1,521.5 Mn
Projected year (2027) Value US$ 3,326.5 Mn
CAGR% (2022-2027) 16.9%
Top 5 Vendor Market Share Around 20%

This digital revolution is creating the need for a mass notification system in healthcare to deliver a faster, safer, and effective care for patients and for quick response time in case of emergencies. Moreover, with the emergence of IoT, providers of mass notification systems in healthcare are focusing on offering integrated solutions with IoT technologies and providing standalone systems.

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As the healthcare sector continues to aggressively expand in developed and developing countries, it is expected that multiple opportunities will be created for key players in the mass notification system in healthcare market in the near future.

According to the report, the rise of IoT is also generating potential growth opportunities for service providers of mass notification system in healthcare to integrate their solutions with IoT technologies in order to provide standalone systems. Moreover, the growing need for real-time communication solutions for enhanced communication services is also one of the major factors boosting the growth of the mass notification system in healthcare market.

Target of Operational Expansion in Western Europe and Asia Pacific

Providers of mass notification system in healthcare are continuously focusing on increasing their businesses across countries in Western Europe and Asia Pacific such as Germany, U.K., India, and China. The implementation of various regulations in the healthcare sector of these countries are creating potential growth opportunities for the mass notification system in healthcare market. Furthermore, continuous increase in the healthcare spending along with robust economic growth of these countries are propelling the growth of the mass notification system in healthcare market.

For instance, according to the Economic Intelligence Unit, the healthcare spending of Western Europe and Asia Pacific is expected to increase with a CAGR of ~5% and ~6% respectively.

Increasing Demand for Real-time Communication System

Most of the healthcare organizations are majorly focusing on real-time communication system to provide instant and secure messages which is creating potential growth opportunities for the mass notification system in healthcare market. Moreover, various healthcare organizations are ready to invest on advanced technologies such as distributed-recipient mass notification system, which is expected to be one of the key growth opportunities for providers of mass notification system in healthcare platform.

Advancement in IT Systems and Healthcare Technologies   

Rapid advancements in IT systems and healthcare technologies play an important role in fueling the growth of the mass notification system in healthcare market. With the rapid development in the mobile health technology to improve patient care experience and care team communication, the adoption of mass notification system in healthcare is increasing. Furthermore, increasing use cases of mass notification system in healthcare is amplifying the competition and resulting in product developments and differentiation strategies by providers of mass notification system in healthcare sector.

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Mass Notification System in Healthcare Market: Segmentation

Solution

  • In Building
  • Outdoor
  • Distributed/
  • Hybrid

Deployment

  • Cloud-based
  • On-premises
  • Hybrid

End User

  • Hospitals
  • Clinics
  • Nursing Home
  • Long Term Care
  • Ambulatory Surgical Centers

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About FMI             

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

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Core Banking Solution Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

In its recent report titled ‘‘Core Banking Solution Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’, Future Market Insights has comprehensively assessed the core banking service market that is on track to witness a robust CAGR of 5.1% for the forecast period.

Component – Software Dominates Services Component in Core Banking Solution Market

The software component is larger than its service counterpart in the core banking solution market and is expected to gain significant BPS over the duration of the study. The software segment may well be worth US$ 65 billion by the year 2027 and see steady revenue growth throughout the decade.

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Region – North America Critical in Core Banking Solution Market

North America is the largest region in the core banking solution market and is on track to retain this position for the foreseeable future. However, Western Europe is poised to gain a massive 250 BPS till the end of 2027, making the developed world the hub of the core banking solution market. The North America core banking solution market is anticipated to cross US$ 6 billion by 2027 with the US accounting for approx. US$ 3.9 billion. However, Canada is poised to record a higher CAGR during this time making it a lucrative opportunity for key stakeholders in the core banking solution market.

End Users – Banks Have Maximum Need of Core Banking Solutions

Banks have the largest share in the core banking solution market and are likely to remain so for some time. Banks have a market attractiveness index of 5.0 by end user, substantially more than that of financial institutions in the core banking solution market. The bank segment is predicted to grow with the highest CAGR of 5.6% from 2017 to 2027. Branch less banking is a new trend that should benefit the core banking solution market as it allows banks cater to the requirements of their customers in far-off rural areas who are unable to access physical banks. This is particularly relevant in underserved emerging economies such as APEJ and Latin America.

Competition Dashboard in the Core Banking Solution Market

Future Market Insights has profiled some of the players in the core banking solution market. The companies are SAP SE, Oracle Corporation, Infosys Limited, FIS (Fidelity Information Services), Tata Consultancy Services Private Limited, Misys, HCL Technologies Limited, Temenos Group AG, Capgemini, Infrasoft Technologies Ltd., IBM Corporation, Nelito Systems Ltd., COBISCORP, and Wipro Limited.

Customer Satisfaction and Retention Critical in Core Banking Solution Market

As a result of cutthroat competition in the banking sector, retail banks now face the challenge of customer retention and core banking solutions are the link between banks and their customers in ensuring this is addressed. Core banking solutions allow banks to perform an effective customer analysis while simultaneously enabling customers to carry out their usual banking transactions. Customer satisfaction is improved with the core banking solutions and the latter go a long way in reducing customer effort.

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North America and Europe have Well-Developed Financial Infrastructure

North America and Europe have a robust financial infrastructure in place with New York and London being the global capitals of financial transactions. The Western Europe banks segment is anticipated to have a value of almost US$ 3 billion by end 2027 that should make it roughly twice the size of financial institutions at that time. A similar potential exists in the North America banks segment as is it predicted to push past US$ 3.1 billion in end 2027.

Key Takeaways

Key stakeholders in the core banking solution market would do well to focus their attention on emerging economies such as India whose governments are aggressively courting foreign direct investment and offering ample untapped opportunities. Increasing the footprint by expanding in emerging economies is naturally increasing the bank’s customer base and core banking solution vendors must provide accurate and fully featured products that enable banks to handle skyrocketing customer data coupled with banking operations. Furthermore, financial institutions and large banks have flown the globalization wave and now offer 24/7 availability to their customers. Core banking solution providers can be beneficiaries of this by delivering one-stop centralized solutions that monitor the bank’s global network along with ensuring anytime, anywhere customer accessibility.

Core Banking Solution Market Taxonomy

End User

  • Banks
  • Financial Institution
  • Others

Component

  • Software
  • Services

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Region

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • APEJ
  • Japan
  • 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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Digital Power Conversion Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2029

The Digital Power Conversion Market is expected to grow from US$ 17,606 Mn in 2022 to US$ 38,340 Mn by 2029 and exhibiting a remarkable 11.8% CAGR between 2022 and 2029.

2022 Market Value US$ 17,606 Mn
2029 Market Value US$ 38,340 Mn
CAGR% (2022-2029) 11.8%
Share of Top 5 Market Players 25%

Increasing demand for power supply solutions will continue to bolster the growth of digital power conversion market over the following years. Rising adoption of electric cars and smart home appliances will also remain among the key boosters to market growth.

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Key Takeaways – Digital Power Conversion Market Study

  • Adoption of power conditioning/active power filtering continues to broaden in developing and developed countries.
  • Communication infrastructure requires high power applications, digital power management and control, mainly applied to switched-mode power supply (SMPS), which captures a substantial share of various digital power conversion systems.
  • Isolated DC/DC converters can be used to interface elements in the Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs) and Fuel Cell Electric Vehicles (FCEVs).
  • Demand for digital power conversion in infrastructure communication and automotive industry is set to increase at the CAGR of ~9.6% and ~11.8% respectively, during the forecast period.
  • As compared to developing regional markets, demand for digital power conversion will be higher in North American countries and some of the fast developing economies across Asia Pacific excluding Japan (APEJ).

Key Players Targeting APEJ for Expansion

North America has been a prominent market for digital power conversion demand that currently accounts for around 30% share in market. However, APEJ’s digital power conversion market is set to exhibit a higher CAGR over projection period owing to the strong economic growth of the region and exceptional growth of the consumer electronics industry.

Major players in the market for digital power conversion focus on expanding their businesses across countries in Asia Pacific, such as India and various ASEAN countries. Increasing investments by governments of these countries in the communication infrastructure attract different digital power conversion providers to continue their businesses in these countries.

In February 2022, Schneider Electric, one of the leaders in automation transformation and electronic energy management, introduces Masterpact MTZ, the next generation of high-power low-voltage circuit breakers, merging the iconic reliability and high performance of the business with enhance digital competence.

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Manufacturers Prioritizing Extended Product Line-ups

To offer digital power conversion, companies have started investing in core application areas such as communication for Internet of Things (IoT), digital services (OSS/BSS and telecom core) in the digital power conversion market and meet the growing demand from various application industries, including IT & telecom, automotive, and manufacturing industries.

In September 2022, Flex Power Modules introduced the BMR490 DC-DC converter with active current sharing. The new sharing mechanism makes parallel use of two or more converters for challenging datacom applications, delivering higher power on a single rail and increasing redundancy. Earlier in January 2022, TDK Corporation acquired Nextys SA and make it a wholly-owned subsidiary. Nextys designs and produces a wide product line of DIN rail power supplies and accessories in addition to the product portfolio of TDK-Lambda. “DIN rail” is a mounting mechanism for equipment, which is commonly found in modules for industrial control equipment.

Know More About Digital Power Conversion Market Report

In its new offering, Future Market Insights puts forward an unbiased analysis of the global market for digital power conversion, providing historical demand data (2014-2021) and forecast statistics for 2022-2029.

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Digital Power Conversion Market Outlook by Category

By Product

  • AC/DC Power Conversion
  • Isolated DC/DC Power Conversion
  • Sequencers
  • DC/AC Power Conversion
  • Power Conditioning/Active Power Filtering
  • Hot Swap

By Application

  • Communication Infrastructure
  • Enterprise & Cloud Computing
  • Automotive
  • Industrial

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

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About FMI             

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

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GPS Tracker Market Growth, Analysis Report, Share, Trends and Overview 2022-2027

The global GPS tracker market is anticipated to generate revenues of US$3,482.3 Mn in 2027, growing at a CAGR of 8.4% over the forecasted period, according to a recent report by Future Market Insights titled, “GPS Tracker Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The development of new applications in the market, the introduction of specialised competitors in the market, as well as the traditional uses of GPS trackers are all credited with this significant revenue growth.

Due to the advent of new applications using the GPS trackers technology, the global market for GPS trackers is experiencing remarkable growth. The industry is also anticipated to continue to experience revenue growth in more conventional applications, like avoiding the theft of goods. However, due to the poor quality of tracking, non-standard products will always be an issue in this industry.

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Global GPS Tracker Market: Recommendations

  • Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers
  • GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned
  • Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers
  • For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted

Global GPS Tracker Market: Forecast by Type

On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.

Global GPS Tracker Market: Forecast by Industry

On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period. Energy & Utilities 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 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

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Global GPS Tracker Market: Forecast by Application

On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027. Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.

Global GPS Tracker Market: Forecast by Region

Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Key Players and Other Players

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

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Market Segmentation

By Type:

  • Standalone Tracker
  • OBD Trackers
  • Advanced Trackers

By Application:

  • Fleet Management
  • Asset Management
  • Others (Pets wearable devices, wearable devices etc.)

By Industry:

  • Transportation and Logistics
  • Construction
  • Government
  • Defence
  • Energy & Utilities
  • Healthcare
  • Others (BFSI, Media and Entertainment, Telecom)

By Region:

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

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About FMI             

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

Contact:                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report:  https://www.futuremarketinsights.com/reports/gps-tracker-market
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Ecotourism Market is projected to grow by 15% CAGR by the end 2031

According to a recent report by Future Market Insights (FMI), the ecotourism market is expected to surpass a valuation of US$ 17 Bn in 2021 and is set the witness growth at a CAGR of ~15% during the forecast period, from 2021.

FMI projects the education sector to significantly contribute towards the ecotourism market growth. The relationship between education and ecotourism is concerned with ensuring that organisations deliver effective interpretations of cultural, resource management, and environmental values.

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Education with ecotourism is not only one way of transfering knowledge or information but it is about understanding and learning in a manner that personally involves ecotourism in an enjoyable and interesting manner.

Ecotourism provides a great opportunity to learners and students to receive education and gather knowledge along with personal and professional growth. It can help instil values in students that will lead to their involvement in environmental and other social issues in the future.

Governments around the world are adopting various initiatives to support the safety and security of tourists. The provision for better security to ensure the safety of tourists is enhancing the scope of tourism by boosting the number of visits from tourists from across the globe.

Also, steps taken by governments to preserve nature will present a conducive environment for the ecotourism market growth. They are also focusing on improvements in the agro-industry, as they have understood the importance of creating a sustainable environment. These initiatives have majorly boosted the market for ecotourism in the world.

Key Takeaways from the Ecotourism Market Study

  • North America, Europe, East Asia, and Oceania among others are the top-visited destinations for ecotourism.
  • The United States, the United Kingdom, China, and Australia among others are the most popular countries in the ecotourism market.
  • The demand for ecotourism will be higher among people aged between 26 years and 35 years.
  • Natural and wildlife ecotourism demand will rise considerably in the coming years.
  • UAE will emerge as a popular ecotourism destination backed by favourable government initiatives.

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Impact of COVID-19 on the Market

The novel coronavirus outbreak had caused an economic downturn by disrupting corporate operations in the tour and travel industry. Tourists dependent countries felt the negative impacts of the pandemic longer than other economies.

As per the UNWTO, 100 to 120 million direct tourism jobs (including labour-intensive accommodation, food services industries and other transport industries) were at risk. Even after vaccination, somewhere people are scared about another wave of coronavirus in the countries like France and China, which is restricting people to go on foreign tours.

Who is winning?

Players in the ecotourism market are adopting a virtual and online approach to connect with potential tourists. A few key players in the ecotourism market are Eco Travel and Tourism LLC, Big Five Tours & Expeditions Inc., G Adventures, Praxis Holidays LLP, Greenloons LLC, Aracari, Adventure Alternative Ltd, Responsible Travel, Steppes Travel, Great Canadian Trails, Tropical Rainforest Education and Exploration, Windmill Holidays, Farhat Tours & Transfers S.P.C., Intrepid Travel, Frosch International Travel, GeTS Holidays, Midnight Sun Travel, TRUE ECUADOR TRAVEL, and Royal Arabian Destination Management among others.

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Global Ecotourism Market by Category

By Type:

  • Nature & Wildlife
  • Cultural
  • Rural

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Tourist Type:

  • Domestic
  • International

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 56-65 Years
  • 66-75 Years

By Region:

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

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Flour Mixes Market Potential Growth, Share, Demand and Analysis of Key Players- Analysis Forecasts to 2032

The global flour mixes market size is projected to exceed US$ 25.8 Bn in 2022 and is projected to register 7.3% CAGR between 2022 and 2032. Increasing preference for healthy food products is fueling the demand for healthy bakery products such as flour mixes.

The demand for ready-to-eat and processed foods among consumers is rapidly increasing, resulting in the widespread use of batter mixes in a variety of convenience foods. In addition, demand for low-carb and gluten-free products is pushing the batter mixes production, which is a major factor driving the growth in the market.

Furthermore, increased investments in research and development efforts for developing batter technologies are expected to boost the demand for batter mix between 2022 and 2032.

Growth is also attributed to the increased demand for seafood around the world. Flour mixes is used to coat the fish with batter mixes to mask the smell of seafood, therefore, pushing the sales of batter mixes in the food industry.

It is also used in vegetarian cuisine, especially those made with common veggies, to provide the food with more crispness, flavor, and taste. As a result, the market for batter mixes is expected to increase at a rapid pace in the future years.

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Key Takeaways from the Flour Mixes Market Study:

  • Rising demand for premium quality prepared flour mixes with high nutritional content in the Asia Pacific is expected to drive the market.
  • In 2022, North America is projected to dominate the market, accounting for around 2% of worldwide revenue.
  • In 2022, Europe and the Middle East, and Africa flour mixes market, collectively, will account for approximately 8% of the total market share.
  • In terms of product type, the batter mixture segment is projected to dominate the market over the forecast period.
  • Based on application, the bakery shop segment is expected to account for significant share in the market.

“Key market players are investing in research and development (R&D) in order to introduce new products and gain a competitive edge. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.” said a lead analyst at FMI.  

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Who is winning?

Key players operating in the global flour mixes market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies offering flour mixes are Nippon Flour Mills, Rikevita Food, Prima Flour, IREKS, AngelYeast, AB Mauri, Showa Sangyo, Griffith, Kerry, CSM, and others.

Get Valuable Insights into Flour Mixes Market 

FMI, in its new offering, provides an unbiased analysis of flour mixes presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

Flour Mixes Market By Category

By Product:

  • Bread Mixes
    • Oat Bread
    • White Bread
    • Dark Bread
    • Multigrain Bread
  • Batter Mixes
  • Pastry Mixes

By Application:

  • Food Processing Industry
  • Household
  • Bakery Shop
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • MEA

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Frequently Asked Questions

  • How big is the flour mixes market?
  • What is the North America flour mixes market outlook?
  • What is the Europe Flour Mixes Market Outlook?
  • What are the key trends shaping the flour mixes market?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Functional Mushroom Market 2022 Global Industry Demand, Sales, Suppliers, Analysis, Size, Share, Strategies For Forecast 2032

The global functional mushroom market is projected to be valued at US$ 9.3 Bn in 2022. Expanding at a CAGR of 9.1% during the forecast period, the market size will reach US$ 22.3 Bn by 2032. Newly released data from Future Market Insights shows that global functional mushroom demand is projected to grow year-on-year (Y-o-Y) by 8.8% in 2022. Functional mushrooms are rare species having healing properties as they contain nutritional values and antioxidants, with a plethora of health claims and superfood benefits. These functional and adaptogenic mushrooms can boost immunity while promoting the overall health in a natural way.

Around 15 species of functional mushrooms are known for having medicinal and healing properties. Reishi, named as lingzhi in China, has been used in Chinese medicine for longevity for over 2,000 years, while Chaga is considered as the richest antioxidant mushroom that provides anti-inflammatory benefits while strengthening immune system. Further, Cordyceps, a parasitic and rare mushroom, is used for vitality, energy, and endurance worldwide.

Adaptogenic mushrooms are gradually emerging as an effective superfood. They increase energy levels, restore youthful glow of skin, keep hormone levels in check, and reduce brain fog.

Healing mushrooms, like Cordyceps, Tremella, Reishi, Oyster, Shiitake, and Enoki are being used in the health and wellness products as powdered supplements, which is expected to create opportunities for growth in the market.

In addition to this, increasing applications of functional mushrooms in non-alcoholic beverages and holistic pet care products will continue driving sales in the market over the assessment period.

“Rising awareness regarding the benefits of organic functional mushrooms, along with increasing interest and expenditure on nutrition and health supplements across the globe will dirve sales in the market in the forthcoming years,” says an FMI analyst.

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Key Takeaways from Market Study

  • Based on nature, the organic functional mushroom segment will account for a dominant share in the market.
  • In terms of applications, demand in the pet care industry is anticipated to remain high.
  • By form, sales of powdered functional mushroom will continue gaining momentum through 2032.
  • The U.S. will dominate the North America functional mushroom market owing to high demand from the food and beverage sector.
  • China will account for a lion’s share in the East Asia functional mushroom market on the back of surging applications on sports nutrition.
  • The U.K. will emerge as a lucrative pocket in the Europe functional mushroom market amid rising preference for organic food supplements.

Competitive Landscape

Key functional mushroom brands are looking for new strategic partnerships to diversify applications in food and beverage industry. Players are also focusing on developing nutritional and high-quality food solutions while being innovative with formulations to attract more customers. For instance:

  • In 2020, Meghan Markle, the Duchess of Sussex, announced to invest in Clevr Blends, an LA-based brand which sells powdered coffee spiked with adaptogens, functional mushrooms, and probiotics.
  • In November 2021, Odyssey Wellness LLC launched its RTD (ready-to-drink) line of functional and organic mushroom elixirs with the brew line including 4 delicious and unique flavor combinations, such as French Roast Oat Latte with Cordyceps, Lions Mane and Cocoa, Cold Brew Oat Latte with Cordyceps and Lions Mane, Berry White Tea with Chaga, Reishi, Turkey Tail, Maitake, Elderberry, and Shitake, and Chai Rooibos with Turkey Tail, Reishi, and Ashwagandha.

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Explore More Valuable Insights

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

Functional Mushroom Market By Category

By Nature:

  • Organic
  • Conventional

By Product Species:

  • Reishi
  • Shiitake
  • Lion’s Mane
  • Chaga
  • Maitake
  • Cordyceps
  • Tremella
  • Turkey Tail
  • Enokitake
  • Oyster Mushrooms
  • Others

By Form:

  • Liquid Sprays and Drinks
  • Powders
  • Capsules or Supplements
  • Others

By Application:

  • Food & Beverages
  • Nutraceuticals & Dietary Supplements
  • Pharmaceutical
  • Sports Nutrition and Functional Items
  • Cosmetics & Personal Care
  • Pet Care Industry
  • Others

By Region:

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

Frequently Asked Questions

  • How much is the global functional mushroom market worth?
  • At what CAGR is the market expected to expand through 2032?
  • At what rate did functional mushroom sales grow between 2017-2021?
  • What is the projected valuation of the functional mushroom market in 2032?
  • Who are the key players operating in the functional mushroom market?
  • Which are the top countries driving the functional mushroom market demand?
  • What are the key factors affecting the functional mushroom market growth?

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Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

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Vegan Butter Market SWOT Analysis, Business Growth Opportunities by Top Companies, Future Challenges, Competitive Strategies and Forecast to 2032

The vegan butter market is expected to top US$ 2.7 Bn in 2022 and is projected to grow at a CAGR of 5.7% between 2022 and 2032, surpassing US$ 4.8 Bn by 2032. The global vegan butter demand is projected to grow year-on-year (Y-o-Y) growth of 5.5% in 2022. Plant-based diet is gaining popularity for its huge benefits including the environment, health, and animal welfare.

Numerous plant-based products from milk alternatives to plant-based cheese are now available in the market including vegan butter. Vegan butter, sometimes referred to as plant-based butter, is a non-dairy substitute of butter which is generally made by combining water with a plant-derived oil.

The butter can be cultured via fermentation in food labs but only with plant-based sources. The cultures produced during fermentation are from lactobacillus genus only, but developed on vegetables or vegan substrates as opposed to dairy substrates.

The aforementioned cultures can leverage fermentation process to tailor the flavor of different unique cultures for the specific product which all are plant-based dairy alternatives, such as cream cheese, butter, dips, and brie.

The products can contain different additional ingredients as well, such as emulsifiers, salt, natural or artificial flavors, and colorings, to resemble the texture and taste of real butter, but always free of animal-sourced products.

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Key Takeaways from Market Study

  • The vegan butter market is anticipated to be worth US$ 2.7 Bn in 2022, expanding at CAGR of 7% through 2032.
  • Global vegan butter demand is projected to grow year-on-year (Y-o-Y) growth of 5% in 2022.
  • Demand for vegan butter grew at 0% CAGR between 2017 and 2021.
  • In terms of product, the oat milk segment is anticipated to witness robust growth over the forecast period.
  • Based on flavour, flavored vegan butter sales are projected to witness an uptick during the forecast period.

“Unlike most butters, vegan butters are low in total fat and calories, which can vary depending on each product ingredients, which is also in high demand. Hence, vegan butters are gaining immense popularity for their healthy content, compelling manufacturers to include the product as a food ingredient,” says a Future Market Insights analyst.

Competitive Landscape

Key vegan butter brands are adopting new strategic partnerships to expand their product capacities in food and beverage industry. Some of the core business brands are focusing on developing nutritional and high quality food solutions while being innovative with formulations to attract more customers towards the product.

  • On February 2020, Amarlane Foods, an Isreali company, announced to launch dairy alternative butter termed as ‘Butter’s Vegan Twin’. The company is dedicated to plant-based foods development with a minimal number of ingredients and all natural to attract more consumers. The product is ranged under the name of Betterine, which is made from just four ingredients including pure coconut oil, organic soy lecithin, water, and arrowroot powder.

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Explore More Valuable Insights

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

Vegan Butter Market by Category

By Source:

  • Rice Milk
  • Oat Milk
  • Soy Milk
  • Corn Milk
  • Almond Milk
  • Pea Milk
  • Cashew Milk
  • Coconut Milk
  • Hemp Milk
  • Flax Milk
  • Others

By Flavor:

  • Unflavored
  • Flavored
    • Cocoa/ Chocolate
    • Cinnamon
    • Banana
    • Coconut
    • Grape
    • Hazelnut
    • Lemon
    • Peanut Butter
    • Raspberry
    • Strawberry
    • Vanilla
    • Other Flavors

By Sales Channel:

  • B2B
    • Hotels
    • Restaurants
    • Cafes
  • B2C
    • Hypermarkets /Supermarkets
    • Convenience Stores
    • Mom and Pop Stores
    • Discount Stores
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others Retail Formats

By Application:

  • Bakery Industry
  • Confectionery Items
  • Dairy Industry
  • Dietary Supplements
  • Household Pantry
  • Hotel, Restaurant, Retail Chains
  • Others

By Region:

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

We Offer tailor-made Solutions to fit Your Requirements, Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-14435

Frequently Asked Questions

  • How much worth is the vegan butter industry?
  • At what CAGR is the market expected to expand through 2032?
  • How was the performance of vegan butter over the past half-decade?
  • What will be the market for vegan butter worth in 2032?
  • Who are the key players operating in the market?
  • Which are the top countries driving the vegan butter market demand?
  • What are the key factors affecting the vegan butter market growth?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog!

About Future Market Insights (FMI)

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

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse latest Market Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs