Market Research Blog – Page 11734 – New Product Development

B2B Telecommunication Market : Notable Developments & Geographical Outlook 2026

A recent research conducted by Future Market Insights projects that the global demand for B2B telecommunication will be largely emanating from the BFSI sector and media & entertainment industry. According to Future Market Insights’ report, the global revenues from B2B telecommunication surpassed an estimated US$ 30 billion in 2016. By the end of 2026, the global B2B telecommunication market is projected to be valued at US$ 107.47 billion, registering expansion at a 13.6% CAGR. More than one-fourth of the global B2B telecommunication revenues throughout the forecast period will be accounted by the BFSI industrial vertical, which will amount to more than US$ 27 billion by the end of 2026.

Government and administrative bodies, and healthcare organisations such as hospitals and medical research institutes will also considered lucrative industrial verticals for B2B telecommunication, procuring a combined global market value share of nearly 30% by the end of forecast period. Growth in B2B telecommunication revenues from the media & entertainment industry is predicted to be at a faster pace – with a CAGR of 14.7%.

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Unified B2B Telecommunication Services Gaining Traction

Businesses availing B2B telecommunication services are able to select suitable types of solutions, on the basis of facilities provided. While cloud-based B2B telecommunication services currently account for half of the global market revenues, their revenue share is expected to drop over the period of next ten years. Increasing adoption of unified communication and collaboration solutions is predicted to partly instrument the dip in cloud services’ global market contribution. By 2026, nearly US$ 25 billion revenues are projected to be harvested globally from sales of unified B2B telecommunication services. Furthermore, the demand for VoIP services, WAN solutions and M2M communication solutions is also expected to grow at steady rate over the next decade.

North America & APEJ – Dominant Regions

In 2016, North America’s B2B telecommunication market was valued at an estimated US$ 8.5 billion. Surging adoption of cloud and VoIP services by US-based businesses has been assessed as the key attributor for growing sales of B2B telecommunication services in North America. Although, B2B telecommunication revenues in North America will increase at a 15.3% CAGR. On the other hand, the B2B telecommunication market in Asia Pacific excluding Japan (APEJ) region is projected to register rampant expansion at the highest CAGR of 17.3%. By 2026-end, the APEJ B2B telecommunication businesses will dominate the global B2B telecommunication market with 28.5% global revenue share.

Comparatively, the B2B telecommunication market in Latin America, Eastern Europe and the Middle East & Africa (MEA) region will incur sluggish expansion over the forecast period. Japan’s contribution to the global B2B telecommunication market value is estimated to be over US$ 15 billion by the end of 2026, which will be approximately US$ 3 billion higher than the value of Western Europe’s B2B telecommunication market.

The report has further profiled key players of the global B2B telecommunication market, which include, NTT Communications Corporation, Vodafone Group PLC, Orange S.A., Telefonica S.A., AT&T Inc., Telstra Corporation Limited, Deutsche Telekom AG, Verizon Communications, and SoftBank-owned Sprint Corporation.

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Global B2B Telecommunication Market – Segmentation

By Region:

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

By Solution:

Unified Communication and Collaboration
VoIP
WAN
Cloud Services
M2M Communication

By End User:

Small & Medium Enterprise
Large Enterprise

By Vertical:

BFSI
Healthcare
Media and Entertainment
Government
Energy and Utility
Retail
Transportation and Logistics
Others

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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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Cognitive Systems Spending Market Research, Segmentation, Key Players Analysis and Forecast to 2026

The global cognitive systems spending market is experiencing numerous technological advancements permitted with exceptional features for several industries, especially in the banking sector. Cognitive systems with high-definition technology can help in determining the world’s most composite data analysis difficulties by entering into the complexity of exploiting the power of big data, machine learning, natural language processing, and automated reasoning technology.

Some advances in technology would further benefit the diffusion of big data, thereby booming the growth of the global cognitive systems spending market in the forecast period. Another factor that is driving the growth of the global cognitive systems spending market is the challenge that most banks and financial institutions are facing in the present scenario.

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Key Takeaways of Cognitive Systems Spending Market Study

Among the verticals segment, banking segment expected to expand at a higher CAGR over the forecast period, owing to recognition and widespread acceptance of consumer-based intelligent assistant applications.
East Asia is expected to create lucrative growth opportunities for players in the cognitive systems spending market, owing to the increasing challenge that most banks and financial institutions in the countries of this region.

Increasing Adoption of Cognitive Systems Spending Market amid the COVID-19 Pandemic outbreak

Cognitive collaboration harnesses the benefits of machine learning and artificial intelligence to increase distributed and in-person collaboration experiences. A team of computer science research at the Carnegie Mellon University has developed a tool using Artificial Intelligence (AI) that determines whether an individual is infected with coronavirus by analyzing the sound of their cough, the way they speak or even breathe. The voice production mechanism is so complex and dependent on cognitive abilities, such factors drives the cognitive systems spending market.

More Valuable Insights on Cognitive Systems Spending Market

FMI’s report on the cognitive systems spending market is segmented into three major sections such as component (GPS & radar systems, multi-function navigation, fish finders/SONAR modules, thermal & visible cameras, marine VHF communication devices, audio/video equipment, marine autopilots, autonomous identification systems, analogue & digital communication display, satellite TV), and software), applications (merchant marine, fishing vessel, yachts/recreation, military naval autonomous shipping, smart boat, underwater drones), and region to help readers understand and lucrative evaluate opportunities in the Cognitive Systems Spending market.

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Cognitive Systems Spending Market: Segmentation

Product Type:

Hardware
Software
Services

Deployment Type:

Public
On-Premise

Technology Type:

Natural Language Processing
Machine Learning
Automated Reasoning

By Verticals:

Banking
Education
Government
Healthcare
Insurance
Manufacturing

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
MEA

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Managed File Transfer (MFT) Market Comprehensive Shares, Historical Trends And Forecast By 2031

According to a study by Future Market Insights (FMI), the managed file transfer (MFT) market will surpass US$ 1.7 Bn in 2021 on the back of increasing adoption in BFSI and IT & Telecom industries. Managed file transfer is a form of software that File transfers possible both within and between enterprises.

This method is thought to be a transparent way of sharing data with additional features like tracking and monitoring. It is rapid, secure, and dependable. Users may utilise the technology to identify data loss from a certain point in time and receive a notification when a file transfer is successful.

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As a result of digitization, businesses are becoming increasingly reliant on the successful transfer of digital files carrying critical information. As a result, they need secure, trustworthy, and quick transmissions to keep the real-time business process going properly. As a result, the need for efficient and effective file transfer has increased in recent years.

As per the revised report by Future Market Insights (FMI), the global managed file transfer (MFT) market is expected to expand at a steady CAGR of around 10.0% over the forecast period (2021-2031). The BFSI segment will emerge as a key end-user as it continues exhibiting high demand for cost-effect technologies for file transfer.

Key Takeaways from Market Study

Rising demand for seamless file transfer between or within organizations will enable growth in the managed file transfer market at a 10% CAGR between 2021 and 2031
The market in the U.S. is projected to expand at a CAGR of 8.2% through 2031, emerging dominant in North America
Germany will emerge as a key market for MFT, accounting for over one-fourth of demand registered in Europe
China and Japan will emerge as key markets within East Asia. While China is expected to account for a higher share, Japan will exhibit growth at a higher pace
Rapid digitization will enable double-digit growth in India, pushing the expansion of the market in South Asia

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Impact of COVID-19 on Managed File Transfer Market

The COVID-19 epidemic has wreaked havoc on a number of businesses, including controlled file transmission. Many business and government organisations have made the switch to remote working, resulting in an increase in demand for controlled file transfer solutions.

The managed file transfer industry is expected to rise by 1.6X from 2019 to 2020, with a spike in demand due to the COVID-19 epidemic and the shift to a remote workforce. The change to remote working has resulted in a surge in demand for secure managed file transfer (MFT), managed file transfer cloud services, and remote management of secure file transfers for critical projects.

Automation in Enterprise Workflow Management Driving Market

Enterprises across various industry verticals are increasingly focusing on deploying managed file transfer software for creating automating enterprise workflow management. The application of managed file transfer solutions includes the generation of event-driven automation for performing specified tasks, which are generated on the enterprise domain, users, group level, or server level.

Enterprises are also using managed file transfer for automating different tasks such as assigning the expiration dates to files, scheduling file transfers, and other functions for deleting files, transferring and storing files, initiating event-driven actions, and sending notifications based on defined activities.

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Market Segmentation by Category

Solution

Software
- System-centric File Transfer
- People-centric File Transfer
- Extreme File Transfer
Services
- Implementation & Integration
- Consulting
- Support & Maintenance

Industry

BFSI
Media & Entertainment
Retail
Manufacturing
Telecommunication
Others

Region

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

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BOPP Packaging Tapes Market Valuation reaching US$ 23.8 Bn by 2029

Extensively used for sealing of heavy duty cartons that are utilized in packaging of domestic and international trade consignments, BOPP tapes represent a rapidly progressing global market. Between 2022 and 2029, the global BOPP tapes market is set for a promising growth outlook at over 4.5% CAGR. The forecast is based on a new Future Market Insights (FMI) study.

BOPP tapes are highly suitable for manufacturing and warehousing, which continues to push their adoption within the E-commerce industry. Customized BOPP tapes is a new market trend, says the report. High growth potential resides in the markets of emerging economies.

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The BOPP tapes has included feature of low noise during packaging on the cartons, ideal for machine applications that saves time and gives accurate and uniform sealing to the boxes. It can withstand all the extreme weather to due its physical property of higher tensile strength among its group.

Key Takeaways – BOPP Tapes Market Study

BOPP tapes witness a massive demand in the global market for the following properties- transparency with double-sided adhesion, non-toxicity, ease of use, reasonable retraction rate, and, most importantly, water and chemical resistance, longer life and good strength, which adds to its good-tear-proof performance.

Manufacturing & warehousing, followed by E-commerce industry, are identified as prominent end-use industries of BOPP tapes

Customized BOPP tapes are projected to be preferred over plain or single color BOPP tape in following years

Usage of BOPP tapes for packaging especially for food & beverages is expected to remain substantial as it ensures precise and durable packaging

The hot melt rubber adhesive has better quick stick bonding to carton boxes (corrugated paper board), however hot melt acrylic has long-lasting adhesive properties.

East Asian market is experiencing a high demand for BOPP tapes. This prominent demand is majorly driven by the presence of China that is driving the production of all the industries across the global market with cost-efficient ability.

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Focus of Eminent Manufacturers on Global Alliance

Prominent manufacturers in the BOPP tapes market are targeting emerging markets such as South Asia and East Asia to strengthen their market position. These regions are considered by the rapid growth of key end-use industries, especially the manufacturing sector post-recession. Expansion of global business footprints and new product development are key strategies adopted by BOPP tapes manufacturers to strengthen the market position. For instance,

In March 2022, tesa SE set up a new manufacturing plant in China by investing US$ 33 Mn. This unit would focus on manufacturing all forms of tapes catering to the demand for electronics, manufacturing and warehousing industries.

In August 2021, Intertape Polymer Group Inc. acquired ‘Polyair’. ‘Polyair’ is involved in the protective packaging business with 7 manufacturing facilities and a distribution center in North America.

About BOPP Tapes Market Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global BOPP tapes market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029. The study unravels growth projections on the BOPP tapes market on the basis of Thickness (35 – 50 Micron, 51-65 Micron, Above 65 Micron), adhesive (Hot Melt Rubber, Hot Melt Acrylic), width (11mm-30mm, 31mm-70mm, above 70mm), and end use (Manufacturing & Warehousing, E-commerce and others), across seven major regions.

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

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Hyperlocal Delivery Apps Market is Expected to reach US$ 8,856.6 Million by the end of 2032

According to Future Market Insights (FMI), the hyperlocal delivery apps market is expected to witness growth at a CAGR of around 22.6% over the forecast period (2022-2032). The report states that the market is expected to reach the valuation of ~US$ 1,155.2 Mn by end of 2022.

As per Future Market Insights, surge in demand for digitalization and fast penetration of smartphones with internet connectivity to drive the growth of hyperlocal delivery apps market in the coming years.

Rising advancements in SaaS in the delivery operations for performance improvements, end-to- visibility with cost effectiveness is expected to drive the hyperlocal delivery apps market and present attractive growth possibilities for hyperlocal delivery apps software and platform vendors.

Moreover, advancements in logistics infrastructure, improved lifestyle with changing customer preferences for short delivery timelines is expected to drive the market growth. The increasing requirements for fresh produce, standardized products with on-demand services is surging the hyperlocal delivery apps market.

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Key Takeaways: Hyperlocal Delivery Apps Market

By type, the mobile-based hyperlocal delivery applications segment is anticipated to grow at a robust CAGR of 6% through 2032.
By industry, the retail & CPG segment is anticipated to increase at a CAGR of 3% between 2022 & 2032.
North America is dominating hyperlocal delivery apps market followed by Europe region in 2022.
South Asia & Pacific is estimated to be the fastest growing region in the global hyperlocal delivery apps market during the forecast period.
The U.S. hyperlocal delivery apps market is expected to progress at a CAGR of around 7% through 2032.
In India, hyperlocal delivery apps market is expected to grow by 2X during the forecast period.
Hyperlocal delivery apps market in China is estimated to witness the absolute opportunity of US$ 903.1 Mn in the forecast period.

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Rising Demand for Faster Delivery Fulfilments to Drive Hyperlocal Delivery Apps Market

Growing expectations of quick and instant deliveries have been a tipping point in e-commerce industry. Increasing online purchases with quick delivery timelines is fuelling the growth of hyperlocal delivery applications.

Furthermore, surging investments in logistics and supply chain management for adapting to changing demand and supply dynamics, e-commerce fulfilment and volatile economy is increasing demand the market demand.

Moreover, efficient management of the increasing broad scope of supply chain management which includes demand forecasting, production scheduling warehouse & center distribution management fuels the investments in supply chain industry driving the market growth of hyperlocal delivery apps.

More Valuable Insights on Hyperlocal Delivery Apps Market

Future Market Insight’s report on the hyperlocal delivery apps industry research is segmented into three major sections – type (mobile-based hyperlocal delivery apps, web-based hyperlocal delivery apps), industry (retail & CPG, medical & healthcare, food & beverages, courier express & parcel and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the hyperlocal delivery apps demand outlook.

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About Electronics, Semiconductor and ICT Division at Future Market Insights

Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.

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Barrier Coated Papers Market 2022 : Qualitative And Quantitative Research By Industry Experts 2029

Somewhere in the range of 2022 and 2029, the worldwide barrier coated papers market is assessed to develop at a CAGR of 4.5 percent, arriving at US$ 6.6 billion.

Barrier coated papers keep on acquiring prominence for bundling and printing applications in light of the fact that to their higher water obstruction, oil and oil opposition, and consistence with food prerequisites.

A new Future Market experiences (FMI) examination predicts that the market would develop at a pace of more than 4.5 percent somewhere in the range of 2022 and 2029, with huge commitments from the food, purchaser hardware, and retail enterprises.

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Barrier Coated Papers Market Study Key Takeaways

Water-based coatings are beating dissolvable based coatings in the barrier coated papers market. Due to the administrative scene, confined recyclability, and postponed corruption of dissolvable based barrier coated papers, water-based coatings are anticipated to represent most of market share by 2029.

Bundling is supposed to represent a huge part of the overall barrier coated paper market. Barrier-coated paper makes up in excess of 95% of drink bundling, as well as most of food wraps, cups, and tops utilized in the food business.

The food business has been featured as a key end-client for barrier coated papers, as oil and oil safe papers are expected for covering confines the bundling of ice cream parlor, dairy, and tidbits.

North America represents roughly 33% of the worldwide market for barrier coated papers. In the barrier coated papers market, North America is probably going to lose market offer to developing locales, especially South Asia and East Asia. This pattern can be attributed areas of strength for to in bundled food utilization and the retail business here.

In the barrier coated papers market, more extensive reception of maintainable barrier coatings is supposed to be an unmistakable pattern. Bio-based polymers are acquiring fame as covering materials and are projected to turn out to be more practical.

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Who Is Winning?

Paper packaging giants such as Stora Enso Oyj., UPM-Kymmene Oyj, Sappi Ltd., Billerudkorsnas AB, and Mitsubishi Paper Mills Limited are some of the prominent players operating in the global barrier coated papers market. Coating companies and paperboard converter companies are collaborating to develop innovative barrier coated papers.

In November 2022, Stora Enso Oyj collaborated with HS Manufacturing Group (HSMG), a manufacturer of plant-based barrier coatings, to produce Stora Enso’s formed fiber offering.
In November 2022, Smurfit Kappa collaborated with Mitsubishi HiTec Paper, to develop an innovative and recyclable food-safe packaging solution. The outer board-based packaging is made from Smurfit Kappa’s MB12 packaging solution and the inner packaging contains Mitsubishi HiTec Paper’s BARRICOTE barrier coated papers.

More About Barrier Coated Papers Report

Future Market Insights, in its new offering, offers an unbiased analysis of the global barrier coated papers market, analyzing historical demand from 2014-2021 and forecast statistics for 2022-2029.

The study unravels growth projections on the barrier coated papers market on the basis of coating type (water-based, solvent-based and wax coatings), material (paper, plastic (PE, PP, PVDC, bio-plastic (polysaccharides, PLA, PHA), PET, EVOH, PA), wax, AIOx, SiOx) and application (packaging (cups & lids, trays, boxes, pouches, labels, blisters & clamshells, wraps, and tapes) and end-use industries (food (bakery, confectionery, snacks, dairy, spices & condiments, and sauces), beverages, cosmetic & personal care, pharmaceuticals, building & construction, electrical & electronics, tobacco packaging, and others) across seven major regions.

Competitive Landscape

The global barrier coated papers market players are into both – organic and inorganic expansion to make their presence felt herein. Companies like Empowera offer a plethora of solutions that efficiently replace fluorochemicals, polyethylene or waxes in paper cups, food packaging, wrapping paper, plates, and likewise.

The viscosity of these products could be adjusted as per application. There are the other players treading the same path in barrier coated papers market.

Stora Enso, in November 2019, inked a strategic collaboration with HSMG (HS Manufacturing Group) for developing the former’s formed fiber offering.
Sonoco Products Company, in May 2019, did invest US$ 17 Mn for “Dream Machine” to laminate and coat paper & paperboard products all across Birmingham.

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Key Segments Covered in Barrier Coated Papers Industry Research

By Coating :

Water-based Coating
Solvent-based Coating
Wax Coating

By Material :

Paper
Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinylidene dichloride (PVDC)
- Polyethylene Terephthalate (PET)
- Bio-based Plastic
- Wax
- Aluminum Oxides (AlOx)
- Silicon Oxides (SiOx)

By Application :

Packaging
Printing

By End-user :

Food
- Bakery
- Confectionery
- Snacks
- Dairy
- Spices & Condiments
- Sauces
Beverages
Cosmetic & Personal Care
Pharmaceuticals
Building & Construction
Electrical & Electronics
Tobacco Packaging
Other Consumer Goods (Agriculture, Automotive, Home Care, etc.)

By Region :

North America Barrier Coated Papers Market
Latin America Barrier Coated Papers Market
Europe Barrier Coated Papers Market
East Asia Barrier Coated Papers Market
South Asia Barrier Coated Papers Market
Oceania Barrier Coated Papers Market
Middle East & Africa (MEA) Barrier Coated Papers Market

Intrauterine Insemination (IUI) Devices Market is expands at a CAGR of 3.8% to reach US$ 52.4 by the year 2030

The global intrauterine insemination (IUI) devices market has witnessed a marginal slump in 2020, which can be attributed to the ongoing covid-19 outbreak.

Restrictions on production facilities, and the redirection of healthcare resources to handle the pandemic has hurt short-term market prospects.

However, the long-term prospects of the market remain bullish, with a new study by Future Market Insights (FMI) estimating the market to grow at nearly 3.8% CAGR.

According to the study, despite the steady growth of the intrauterine insemination (IUI) devices sector, strict regulations on fertility treatments, for demographics such as same sex couples in a number of countries hold back market growth.

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The market study by FMI covers an extensive overview of the market, with information on the dynamics of the intrauterine insemination (IUI) devices market. Some of the leading takeaways include:

The intrauterine insemination (IUI) devices market size was nearly US$ 35 Mn in 2019, with market growth falling moderately through the duration of the coronavirus outbreak, as lockdown restrictions hurt supply chains, and consumers display lower inclination to adoption.
IVF clinics will remain the primary users of intrauterine insemination (IUI) devices, the end user segment is expected to account for more than 55% of the market share over the assessment period.
Sperm wash product offerings in the intrauterine insemination (IUI) devices market are highly sought after, driven by higher efficacy in artificial insemination.
East Asia will remain a predominant market for intrauterine insemination (IUI) devices, supported by the low costs of healthcare and improvements to technology will boost adoption. Also, South Asia is expected to reflect strong growth owing to numerous domestic players.

Covid-19 Impact on Intrauterine Insemination (IUI) devices Market

The coronavirus pandemic has moderately impacted the intrauterine insemination (IUI) devices market, with restrictions on elective healthcare procedures.

Also, large scale lockdowns have also affected pricing owing to disrupted supply chains, hindering sales during the crisis period.

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Further, manufacturers are pushed to limit or close down production processes, for non-essential applications.

The demand for intrauterine insemination (IUI) devices is also likely to be affected by the coronavirus crisis, owing to health risk to pregnancies during this period.

These factors, in addition to a slump in consumer expenditure has hurt market size, and limited investments.

However, the market is expected to display recovery towards 2021, with gradual relaxation of lockdown restrictions.

Who is Winning?

In its latest report, Future Market Insights has provided an in-depth overview of the business strategies that are used in the intrauterine insemination (IUI) devices market.

Major market players in the industry have largely invested their resources into product development and launch strategies.

Strategic geographical and capacity expansions are also gaining prominence in the intrauterine insemination (IUI) devices market.

CooperCompany Inc., Cook Medical, Kitazato Corp., Rocket Medical Plc, Prince Medical, Gynotec B.V., Surgimedik Healthcare, Medgyn, and MediTech Devices Pvt. Ltd. are some of the more prominent players in the intrauterine insemination (IUI) devices market.

Key Segments

Product Type

IUI Catheters
- Curved
- Flexible
- Straight
IUI Media/Sperm Wash

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End user

Hospitals
IVF Clinics

Region

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Benelux, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
Oceania (Australia and New Zealand)
Middle East & Africa (Saudi Arabia, Turkey, South Africa, Rest of MEA)

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Metallized Paper Market is projected to expand at a CAGR of 4.8% during the forecast period 2022-2029

Future market insights provide important insights into the Metallic Paper Market , Global Industry Analysis 2014-2018 and Opportunity Assessment 2022-2029 in a published report titled ‘: Metallized Paper Market. In terms of revenue, the global metallized paper market is projected to expand at a CAGR of 4.8% during the assessment period due to numerous factors for which FMI provides thorough insights and forecasts .

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Vacmet India Ltd, Pg Paper Company Ltd., Uflex, UPM-Kymmene Oyj, Glatfelter, Lecta SA Polyplex Corp. Ltd is an organized metal paper manufacturer. There are many regional companies projected to contribute to the global metallized paper market during the period 2019-2029.A firm development in the premium brewing and beverage industry

Metallized paper provides elegant and protective properties to packaging products. It is widely used in various fields such as food, beverage, personal care, home care, chemical, banking, etc. A wide range of applications for metallized paper is in labeling. Packaging and labeling of premium spirits and perfumes is growing significantly in demand worldwide. Growth in the premium spirits segment is expected to grow at a steady pace, with a quarter expected to reach ~US$2.1 billion by 2022.

There are many opportunities in Asia Pacific

Geographically, Asia accounts for nearly two-fifths of the global metallized paper market and is expected to support market growth, particularly in East Asia. China and India are the major markets for metallized paper and are expected to grow year-over-year in the coming years.

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Following labeling, the demand for wraps/overlaps is expected to increase at a higher rate in South Asia, boosting the market growth. However, adoption of metallized paper in the food and beverage industry is expected to grow at a slower pace due to a lack of innovation in the sector.

The metallized paper market in South Asian countries such as Indonesia and Malaysia is expected to show a high growth rate compared to other regions. Spain is expected to witness higher growth in the metal and paper market, while Germany is expected to face negative growth due to the imbalance in the metal and paper trade.

Together, Oceania and the MEA region will make up one tenth of the global metallized paper market. Oceania is a developed market for metallized paper and is expected to grow steadily over the next few years. East Africa has witnessed sustained growth of over 6% in GDP for the past three years in a row and likewise, the metallized paper market growth in the region is projected to grow at a CAGR of ~6% over the period 2019-2029.

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Patient Identification Wristbands Market value of around US$ 460.3 Million of 2022

In a recent report, Future Market Insights (FMI) studies the scope for expansion of the patient identification wristbands market. The report forecasts the market to record a robust expansion at nearly 7.9% CAGR between 2022 and 2030. Besides soaring cases of infection and focus on streamlining hospital management while saving time and cost incurred will drive the market for patient identification wristbands market.

The report sees lucrative prospects for the market in the rising implementation of radio frequency identification tags (RFID) technologies in the healthcare sector. With the uptake of automated identification technologies hospitals and other healthcare institutions are aiming at saving time and cost incurred by providing real-time identification, traceability, temperature, communication, and location data of patients.

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Using health information technology to improve patient care has become a top priority for healthcare organizations around the world. Besides this, technologies such as patient identification wristbands promise to up the overall quality of patient care. FMI sees the rising focus on improving the overall quality of services as a key factor driving the market for patient identification wristbands.

Some of the key takeaways from the report are:

The market for patient identification wristband was valued at US$ 374.7 Mn in 2019
North America is forecast to remain a lucrative market, driven by strong demand in the US
South Asia and East Asia markets are forecast to rise at a higher CAGR
Market is forecast to remain competitive, thanks to the high degree of fragmentation yet tier one companies are expected to hold sway
Demand for better managing patient care and monitoring treatment administered amid soaring cases of chronic ailments, patient identification solutions will prove indispensable to healthcare sector

COVID-19 Impact on Patient Identification Wristbands Market

Partial and complete lock down of economies during pandemic crisis has greatly hampered the production of patient identification wristbands. The unprecedented COVID-19 outbreak has yet again brought the fragile pharmaceutical supply chain to the limelight.

Emergency care as well as supply of drugs are hampered during pandemic and so is the production of patient identification wristbands. While operations in the market is expected to remain sluggish, they are forecast to recover amid rising demand from June 2020.

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The market is likely to experience short-term negative impact owing supply chain disruptions caused by the pandemic crisis. However, government stimulus to essential services such as healthcare, will help the market stay afloat amid the tumultuous times.

Who is winning?

The presence of several companies has rendered the patient identification market highly fragmented. Competition witnessed in the market is therefore soaring, although majority of share is held by the tier 1 companies.

In order to navigate through prevailing competition, most companies are aiming at making a mark overseas. For this, they are adopting strategic collaborations to expand their footprint worldwide and boost their product portfolio.

Some of the companies have even invested in setting up new facilities in the past to gain competitive advantage. For instance, in March 2018, Medline opened a new warehouse in the U.K. to leverage and support their business operation in the country.

To Know More about Patient Identification Wristbands Market:

A new market research report published by Future Market Insights (FMI) on the global patient identification wristbands market offers an executive-level blueprint of the market. It offers insights into demand trends and provides analysis of opportunities over the forecast period, 2020-2030. The report examines the market through six different segments – product, materials, closure type, age group, end use, and region. The report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of patient identification wristbands and product adoption across several end-use industries.

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About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

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Master Recharge API Market is Anticipated to have Steady CAGR of 4.1% During the Period of 2022-2032

As per the study at FMI, the master recharge API market was valued at US$ 12.40 Billion and is predicted to reach US$ 19.72 Billion by 2027, growing at a 4.8% CAGR.

The increasing government investment in master recharge API, rising adoption of online payment technologies integrated with cloud storage, artificial intelligence, and machine learning of cloud technology is flourishing the master recharge API market.

Expanding online payment platforms and proliferation of online banking along with new technological advancements adding more ease to the customer experience is fuelling up the sales of master recharge API and other payment technologies like UPI and other platforms.

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The COVID-19 pandemic condition caused several countries to introduce lockdowns and travel bans in 2020, pushing a lot of businesses to follow work from the home procedure and promoting cashless, contactless, and online money transfer platforms. That has triggered the sales of master recharge API services.

With the high penetration of high-speed networks and bandwidths such as 4G and 5G networks along with the latest smartphones, the use of online payment methods is easing things for business owners, pushing the sales of master recharge API.

The advent of online payments solutions in new industries like healthcare, education, and corporate, along with smart communications technologies and vital trends of rising urbanization, is triggering the demand for master recharge API.

An incompatible workforce and lower penetration of the latest technologies in remote along with security threats and an increased number of payment failures are restricting the growth of the master recharge API market.

Government initiatives leveraging the online payment brands and companies to adopt cashless transactions are pushing the sales of master recharge API, enhancing the customer experience for multiple market spaces.

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KEY TAKEAWAYS:

The Data Card from the master recharge API market is expected to grow at the fastest CAGR of 5.6% in the global data card category.
Prepaid mobile recharge is expected to grow at a high rate in the application category of the master recharge API market, with a CAGR of 4.6%. This segment will reach
The market size for Master recharge APIs in China is expected to reach US$ 3.56 Billion by 2032, growing at a CAGR of 4.5% during the research period.
United States is expected to reach a market size of US$ 3.9 Billion in the master recharge API by 2022.
Canada’s master recharge API market is expected to thrive at a CAGR of 4% over the forecast period.
Japan’s master recharge API is expected to flourish at a CAGR of 4.3% during the research period (2022-2032).
While Germany is the largest consumer within Europe, thriving at a CAGR of 4.5% between 2022 and 2032.

COMPETITIVE LANDSCAPE:

Some of the master recharge API market players profiled in the study are CyberPlat, Cyrus Technoedge Solutions Pvt. Ltd., Euronet Worldwide Inc, and Indian Web Technologies Pvt. Ltd (IWT), JOLO, Axis Softech Pvt Ltd, My Recharge Pvt. Ltd, Pixyrs Softech & Research Pvt. Ltd, Xtra, and Crowdfinch Cybernetics Private Limited.

Recent Developments

CyberPlat has introduced its upgraded series of services such as CyberPlay API, White Label, Android Applications, and Kiosk Based Solutions, pushing the sales of master recharge API.
Cyrus Technoedge Solutions Pvt Ltd has introduced its new series of services, including mobile recharge software, white label recharge software, and money transfer software that helps in smoothening the money transactions.
Indian Web Technologies Pvt has extended its set of solutions by introducing mobile payments, international mobile top-up, electronic voucher distribution software, agency banking, and loyalty reward platform, fuelling the sales of master recharge API solutions.
Pixyrs Softech & Research Pvt has launched its new series of products and services such as mobile recharge software, credit society software, MLM software, NIDHI Software, and NBFC Software solutions.
India-based software company; My Recharge Pvt ltd has introduced its new set of digital services, including Mobile Recharge, DTH Recharge, Electricity Board, Landline Broadband, and Insurance.

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Key segments

By Services

Prepaid Mobile Recharge
Postpaid Mobile Recharge
Data Card
DTH
Electricity
Insurance
Others

By Region

North America
South America
Europe
Asia Pacific
Middle East & Africa