Network Management System Market to Reach $21 Billion by 2032, Growing at a CAGR of 8.6% – FMI

The global Network Management System (NMS) market is set to witness robust growth over the next decade, with a projected Compound Annual Growth Rate (CAGR) of 8.6% between 2022 and 2032. As per market forecasts, the market size is anticipated to surge from US$ 9.1 Billion in 2022 to an impressive US$ 21 Billion by 2032.

In today’s technologically-driven business landscape, the effective management of networks holds paramount importance, especially for enterprises operating in the IT sector. The proficient handling of networks ensures uninterrupted service delivery, seamless internal and external communication, and overall operational continuity. The upcoming wave of network management systems promises enhanced trajectory management capabilities, poised to revolutionize network operations.

The evolution of networks has been transformative due to rapid technological advancements. Network administrators now face the challenge of maintaining complex networks that consist of diverse hardware and software components, manufactured by various vendors and distributed globally. This burgeoning demand for Network Management System products that cater to the burgeoning industry needs, offering automated network management solutions, is a major driver behind the market’s growth.

Key Takeaways:

  • Projected CAGR of 8.6% for the Network Management System market between 2022 and 2032.
  • Market size estimated to grow from US$ 9.1 Billion in 2022 to US$ 21 Billion by 2032.
  • Evolution of networks and technological complexity drives demand for efficient NMS solutions.
  • Multinational corporations prioritizing secure and user-friendly network management solutions.
  • Small and medium-sized enterprises inclined towards on-premise NMS deployments for enhanced support.

Competitive Landscape  

BMC Software, Cisco, CA Technologies, AppNeta, Extreme Networks, Accedian, HelpSystems, Ipswitch, Kentik, Micro Focus, NETSOCUT, Nokia, Riverbed Technology, SolarWinds, VIAVI Solutions, Flowmon Networks, Paessler, Colasoft, and Cubro Network Visibility are among the major players in the network management system (NMS) market.

Global wireless communication solution providers and network equipment manufacturers are launching new network monitoring and management solutions to help operators manage their networks more efficiently.

Recent Developments 

  • In February 2017, Ericsson unveiled as a service that assists operators in their travels to virtualization, SDN, and 5G network transformations. Nokia released the NetAct Cloud network management technology in May 2016, allowing operators to deploy new network capabilities with minimum downtime. The technology is capable of handling 5G network needs and offers total mobile network control.
  • In January 2017, the Chinese government lowered subsidies and relaxed laws in order to encourage more private investment in order to strengthen its internet services.
  • Riverbed Technology, Inc. formed a collaboration agreement with Huawei Technologies Co., Ltd in 2017 to supply Huawei CloudEPN with Riverbed SteelHead integrated solutions that may assist clients in simplifying network administration in the cloud era.

Key segments

By Component:

  • Platform
  • Solutions
  • Services

By Deployment Type:

  • Cloud
  • On-Premises

By Organisational Size:

  • Large Enterprise
  • Small & Medium Sized Enterprise

By End Use:

  • Service Providers
  • Verticals

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • Middle East & Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Micro Mobile Data Center Market to Achieve a High CAGR Of US$ 16.8 Billion During Forecast Period -2032

The Micro Mobile Data Centre Market is expected to expand rapidly, with a compound annual growth rate (CAGR) of 15.2% from 2022 to 2032, and reach a valuation of US$ 16.8 billion. Because micro mobile data centres are a self-contained infrastructure solution that contains the networking, processing, and storage components needed to run applications both indoors and outside in a secure computing environment, they are growing in popularity.Furthermore, sales of small mobile data centres are expected to increase because to their typical prefabricated sizes, which save data centre owners money and time when compared to the traditional technique of creating data centres.

Micro mobile data centres are ideal for edge computing, distant offices, and branch offices because of their flexibility and compactness.

The desire for high-performing, energy-efficient, and affordable data centre solutions is driving the sales of mini mobile data centres. As they offer an enterprise-class compact facility with features like board cooling, continuous UPS, storage systems, and more, the market for mini mobile data centres is expected to increase. Additionally, because mini mobile data centres can be placed inside, outside, and in challenging terrain, sales of these data centres are increasing.

The self-propelled capabilities of the mini mobile data centre market facilitate fluid movement. Simply said, as it contributes to reducing the physical footprint and energy consumption of conventional brick-and-mortar structures, the market share for tiny mobile data centres is expected to increase.

As the technological environment has advanced and businesses have grown more centralised, the demand for traditional data centres has declined and the sales of mini mobile data centres have surged. Micro mobile data centres are becoming increasingly popular as a result since they are more efficient and small to install throughout offices.

Additionally, because plug-and-play tiny mobile data centres offer fully integrated and pre-tested solutions, it is projected that sales would increase. These data centres are easily expandable to accommodate an organization’s expanding requirements. The mini mobile data centre market is therefore expected to experience numerous growth prospects over the projected period.

The most enticing aspect driving up demand for mini mobile data centres is the ability for rapid deployment. Instead of taking weeks or months, the plug-and-play method enables the deployment of data centres. These factors are expected to cause the tiny mobile data centre market size to increase over the course of the forecast year.

Micro mobile data centre providers do not provide fully customizable solutions or the opportunity to let the vendor choose their service provider because to their standardised design and prefabricated modules.

Companies adopting tiny mobile data centres are thus constrained to a single vendor, making it difficult for them to adopt cutting-edge technologies from other suppliers to enhance the performance of their data centres. The expansion of the global market for mini mobile data centres may be hampered by the lack of flexibility and the few available purchase options.

Key Takeaways

  • On the basis of rack size, the above 40 RU segment is projected to hold the largest?micro mobile data centre market share?and rise at a CAGR of 14.1%.
  • During the forecast period, large enterprises are projected to dominate the?micro mobile data centre market?with a CAGR of 13.4%.
  • In terms of market share, the U.S. is anticipated to dominate the?micro mobile data centre market?with a CAGR of 14.5%.
  • Asia-Pacific?micro mobile data centre market?is experiencing a boom in data generated by digital products and services due to population increase and the advent of e-commerce. The?expansion of the micro mobile data centre industry?in Asia has been fueled by the growth of cloud computing.

Competitive Landscape

The market’s major players are investing in R&D in order to incorporate the latest technology into their products and launch unique solutions. The key players in the?micro mobile data centre market are?Schneider Electric, Dell Technologies, Vertiv, Eaton, and IBM.

Recent Developments

Schneider Electric launched a cooling solution for edge and micro data centres in March 2020. This novel method promises to improve cooling efficiency and, as a result, save operating expenses.

Rittal announced a partnership with ABB and HPE in August 2019 to provide turnkey robust micro-modular datacenters purpose-built for harsh environments, allowing clients to turn data into action in real-time.

Vertiv Environet Alert, a new software service that offers enterprise-level infrastructure monitoring and management capabilities to mini mobile data centres and edge facilities, was released in August 2020.

Key Segments

By Application:

  • Instant Data Center
  • Remote Office and Branch Office
  • Edge Computing

By Rack Unit:

  • Up to 20 RU
  • 20 RU to 40 RU
  • Above 40 RU

By Organizational size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

By Vertical:

  • BFSI
  • IT and Telecommunication
  • Media & Entertainment
  • Healthcare
  • Government and Defense
  • Retail
  • Manufacturing
  • Others

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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logistics industry’s global IoT spending is expected to reach US$114.7 billion by 2032, driven by manufacturers and other market drivers.

The Future Market Insights estimates that the IoT spend by logistics market size is estimated to be at US$ 50.26 million in 2024, and the IoT integration in logistics operations is anticipated to reach US$ 189.62 million by 2034. This projection highlights the rapid maturation of IoT in the logistics sector. The Internet of Things (IoT) in the logistics market is anticipated to register a CAGR of 14.2% from 2024 to 2034. Technical breakthroughs are enabling the logistics business to undergo rapid transformation and expansion, with the Internet of Things (IoT) at the forefront.

The advent of modern technologies has allowed digitalization to spread throughout the logistics and transportation industries. However, it is necessary to acknowledge the challenges that could impede the expansion of the global IoT in the logistics sector, such as stringent government rules and regulations, a shortage of skilled labor, and high expenditures.

Smart cities, eCommerce, and increasing sensor deployment across verticals are fuelling market development. Additionally, the industry is changing significantly because of digitization and evolving consumer expectations. Investment in IoT technology has surged owing to government restrictions in the period of global lockdowns due to the pandemic.

Over the decade that follows, the Internet of Things is projected to reinvent the logistics sector profoundly. Businesses are going to reap additional advantages from the IoT technology, which are going to reduce device prices, enhance wireless network performance, and increase data transfer capabilities.

As demand increases, supply chain transparency and efficiency are envisioned to become essential. Full visibility is foreseen to advance fleet efficiency and reduce operation costs, making cargo moving safer and more efficient. The recent slump in oil prices has improved profitability for logistics businesses.

“In the logistics sector, the term “Internet of Things” (IoT) designates a fully digital, flexible, and networked supply chain ideal for last-mile delivery, eCommerce, and impulsive purchases. Self-driving cars, drone deliveries, location management systems, inventory tracking and warehousing, predictive analysis, and blockchain for supply chain management are a few examples of IoT integration in logistics,” says an analyst of Future Market Insights.

Key Takeaways from the IoT Spend by Logistics Market Report

  • The IoT spend by the logistics industry in Australia is projected to experience a CAGR of 7% through 2034.
  • Germany’s IoT spend by the logistics market is estimated to demonstrate a CAGR of 7% by 2034.
  • The IoT spend by the logistics industry in the United States is anticipated to see a CAGR of 3% from 2024 to 2034.
  • China’s IoT spend by the logistics industry is projected to showcase a CAGR of 7% through 2034.
  • The IoT spend by logistics market in Japan is anticipated to display a CAGR of 5% by 2034.

Competitive Analysis of the IoT Spend by Logistics Sector

The logistics sector is projected to boost its spending on IoT since regional and international transactions are predicted to grow over the ensuing decade. Businesses in the supply chain and logistics industries are coming up with a number of marketing techniques, including joint ventures, integrating cutting-edge IoT technology, mergers, and acquisitions.

Large players in supply chain and logistics are primarily working with up-and-coming digital firms to create innovative solutions that are anticipated to improve the supply chain and logistics environment.

The growth of IoT integration in the supply chain and logistics industries is also significantly influenced by the rise of the eCommerce industry. For new participants in the dynamic ecosystem, the industry is envisioned to offer profitable prospects.

Recent Developments in the IoT Spend by Logistics Industry

  • According to HERE Technologies research published in May 2023, logistics management is still difficult for Indian logistics organizations, even in the face of the epidemic. The report emphasizes that, in spite of the incentives to increase consumer and financial advantages, real-time end-to-end supply chain visibility is necessary.
  • With a Chair in Trusted Retail and Logistics Innovation, Cisco and the Queensland University of Technology joined together in March 2022 to create a research program in retail, supply chain, consumer behavior, data privacy, and cyber security.

Key Companies in the IoT Spend by Logistics Market

  • Amazon Web Services
  • BICS SA/NV
  • Bosch Software Innovations GmbH
  • Cisco Systems Inc.
  • Honeywell International
  • Intel Corporation
  • IBM Corporation
  • Kaa IoT Technologies, LLC.
  • NEC Corporation
  • Novire Technologies
  • Octonion SA
  • Oracle Corporation
  • PTC Inc.
  • Rockwell Automation, Inc.
  • SAP SE

Key Segments

By Component:

The IoT integration in the logistics industry is bifurcated into IoT logistics spend software and IoT logistics spend hardware. Further, the software segment is branched into traffic and fleet management, resource and energy monitoring, safety and security, and other software such as operations management and data analysis.

Along with that, the hardware segment is cleft into RFID tags, beacons, screen or display, and other components such as camera and networking hardware.

By Organization Size:

The industry is dichotomized between IoT logistics spending for small and medium-sized organizations, as well as IoT Logistics spending for large-sized organizations.

By Region:

The industry is examined across key regions including North America, Latin America, Europe, East Asia, South Asia, Oceania, as well as Middle East and Africa.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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T: +1-347-918-3531
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United States Distributed Antenna System Industry to Reach US$ 1,849.9 Million by 2034 Amid Increasing Reliance on Smart Devices – FMI

In 2024, the United States distributed antenna system (DAS) industry is expected to be worth US$ 1,004.4 million. The industry is expected to reach US$ 1,849.9 million by 2034, expanding at a 6.3% CAGR throughout the forecast period.

In the contemporary business landscape, smartphones and internet connectivity have transitioned from being perceived as mere luxuries to indispensable necessities. The proliferation of digital services, ranging from payment platforms to messaging applications, has substantially increased reliance on these devices.

Ensuring a seamless and reliable internet experience for users has become paramount. This growing smartphone usage serves as a catalyst propelling the distributed antenna system (DAS) industry forward. This is due to the ability of DAS to efficiently provide high-speed internet connectivity to densely populated and high-traffic areas, both indoors and outdoors.

Prominent manufacturing facilities increasingly opt for interconnected machinery, facilitating streamlined monitoring by operators and the execution of routine maintenance tasks. This growing IoT device usage within expansive industrial networks propels the prospect of integrating indoor DAS within existing manufacturing facilities.

Such integration is essential to provide tailored, high-quality network services. It helps in ensuring a seamless and robust connectivity experience for IoT devices, further providing better monitoring and insights into operations for factory managers.

A challenge for the United States DAS industry is the integration of fiber optic technology. It necessitates the utilization of custom cabling and installation equipment, contributing to an extended deployment timeline.

The comprehensive deployment cycle is estimated to span around six months or more. This duration encompasses the intricacies of configuring the system to accommodate specific frequency bands and ensuring seamless connectivity through advanced fiber optic infrastructure. The support for wireless connection and mobile communications infrastructure like 5G and LTE is also taken into account.

Key Takeaways from the United States Distributed Antenna System Industry:

  • The DAS industry in the United States is predicted to reach US$ 1,849.9 million by 2034, increasing at a 3% CAGR.
  • With an estimated share of 3% by 2024, the active distributed antenna system segment is estimated to dominate the United States DAS industry.
  • With a CAGR of 9% from 2024 to 2034, the hybrid DAS segment is estimated to rise steadily in the United States.
  • By product, the antennas segment is anticipated to hold a dominant share of 1% and a value of US$ 412.7 million in 2024.
  • The public venue segment by end-user is anticipated to generate a dominant share of 4% and reach a value of US$ 395.4 million in 2024.

Competitive Landscape

The distributed antenna system industry in the United States is a highly competitive area, with a significant number of players competing for high shares. Among the leading players in this industry include start-ups like Advance RF technology, Dali Wireless, and ComTech. American Tower Corporation, Anixter, Inc., Corning and CommScope are a few of the established companies.

Key players are focusing on business expansion through collaborations. They are investing in product development and building strategic partnerships to help small-scale firms deploy DAS systems.

For instance,

  • Boingo joined hands with Austin FC in January 2023 to design, install, and manage a converged network. It combines Wi-Fi 6 solutions and a distributed antenna system (DAS) to support an immersive fan experience at the Q2 Stadium in Texas.

Key Segments of Distributed Antenna Systems (DAS) Industry

By DAS Type:

In terms of DAS Type, the industry is segregated into Active Distributed Antenna Systems (DAS), Passive Distributed Antenna Systems (DAS) and Hybrid Distributed Antenna Systems (DAS).

By Product:

The Product is classified by industries as Antennas, Bi-Directional Amplifiers (BDAs), Remote Radio Heads (RRH), Fiber Optic Cables, Splitters and Couplers and Other Devices.

By Application:

In terms of Application, the End User is distributed into Indoor Coverage and Outdoor Coverage.

By End User:

In terms of End User, the End User is distributed into Commercial, Industrial, Public Venues and Residential Building.

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & pacific, Middle East and Africa (MEA) have been covered in the report.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Market Insights Inc.
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T: +1-347-918-3531
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Enterprise Video Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The business Enterprise Video Market is projected to reach US$ 77.32 billion by 2032, having grown from USD 21.23 billion in 2022 to USD 77.32 billion in 2032 at a 13.8% compound annual growth rate (CAGR).

The primary driver of the development in the enterprise video market is the growing use of these solutions by businesses to enhance global workforce communication.

A number of firms in the enterprise video sector are currently concentrating on creating content delivery networks that will improve video streaming capabilities for businesses and expedite the distribution of multimedia internet content.

The growing demand for on-demand video streaming for learning and development training across various organisations is hastening enterprise video market growth as well as enterprise video market key trends and opportunities.

On-demand videos assist employees in obtaining detailed information that has previously been recorded by trainers, colleagues, and executives affecting the enterprise video market adoption trends. Many businesses use enterprise video platforms for external activities such as sales, marketing, customer and partner training, and public event broadcasting hence surging the demand for enterprise video.

Due to the presence of major enterprise video market players in the region, the North America enterprise video market accounted for a sizable revenue share. Access to high-quality internet, combined with rising demand for visual meetings, has created lucrative enterprise video market opportunities in the US enterprise video market.

Rising demand for enterprise video market and virtual private networks across a variety of businesses and educational institutions is expected to drive regional enterprise video market growth.

KEY TAKEAWAYS:

  • The video conferencing segment from solutions insight accounted for 40% of enterprise video market size in revenue.
  • The video content management segment of solutions outlook in enterprise video market is expected to grow at a CAGR of 13.6% through 2032.
  • The professional services segment from services outlook of enterprise video market share accounted for 47% of revenue by 2032.
  • The cloud segment of deployment insight for enterprise video market is expected to grow at a CAGR of more than 15% through 2032.
  • The on-premises enterprise video segment of deployment outlook in enterprise video market accounted for 61.3% of revenue by 2032.
  • The corporate communications segment of application insight commanded a sizable enterprise video market share of 46% through 2032.
  • The marketing and client engagement segment from application insight is expected to grow at a CAGR of 14.5% by 2032 in the enterprise video market.
  • The adaptive streaming segment of delivery technique outlook accounted for 35% of enterprise video market size for revenue through 2032.
  • The progressive downloading segment in delivery technique insight of enterprise video market is expected to grow at a 14.8% CAGR by 2032.
  • The small and medium enterprises segment for organization size outlook of enterprise video market is expected to grow at a CAGR of 15.4% through 2032.
  • The healthcare and life sciences segment in the end use outlook in enterprise video market is expected to grow at a CAGR of nearly 15.8% by 2032.
  • By 2032, the North American enterprise video market for the regional insight accounted for approximately 43% of revenue.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Market Insights Inc.
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Heavy-Duty Pump Market to Grow from USD 16.2 Billion in 2024 to USD 25.7 Billion by 2034 at a 4.7% Growth Rate

Heavy Duty Pump Market
Heavy Duty Pump Market

The heavy-duty pump market is estimated to be valued at USD 16.2 billion in 2024 and is projected to reach USD 25.7 billion by 2034, with a growth rate of 4.7% during this period. The ongoing expansion of industries such as manufacturing, mining, and oil and gas serves as a significant driver for the heavy-duty pump market. These growing sectors require reliable and high-capacity pump solutions to enhance and optimize their operations, leading to a sustained demand for heavy-duty pumps.

Additionally, increasing investments in infrastructure development projects, including the construction of bridges, dams, and transportation networks, are fueling demand for heavy-duty pumps. These projects often require robust pumping solutions for critical tasks like dewatering, concrete pumping, and efficient water transfer. Growing concerns about water scarcity and a heightened focus on effective water management solutions are also contributing to the demand for heavy-duty pumps, particularly in essential applications such as wastewater treatment, desalination, and water distribution.

Advancements in pump technologies—characterized by improvements in efficiency, reliability, and durability—are key factors driving market growth. The incorporation of smart and automated features enhances the appeal of heavy-duty pumps across various industries. Digitalization is revolutionizing the heavy-duty pump sector through the use of digital twins, automation, and data analytics, which optimize performance, enable predictive maintenance, and streamline operations.

Key Takeaways from the Market Report

  • From 2019 to 2023, the heavy duty pump market expanded at a CAGR of 6.4%.
  • Based on application, the food processing segment is expected to rise at a CAGR of 4.1% from 2024 to 2034.
  • The heavy duty pump demand in China is predicted to grow at a CAGR of 5.2% through 2034.
  • In the United States, the heavy-duty pump industry is estimated to register a CAGR of 5.1% from 2024 to 2034.
  • The United Kingdom is projected to expand by a value CAGR of 6.2% between 2024 to 2034.
  • The heavy duty pump market in Japan is anticipated to record a CAGR of 5.5% during 2034.

Competitive Landscape

Companies are heavily investing in R&D activities to enhance their heavy-duty pump technologies. Many companies are engaging in strategic collaborations with other industry players, technology partners, or research institutions. These collaborations aim to combine expertise, share resources, and accelerate the development of cutting-edge heavy-duty pump solutions.

Key Companies Profiled in Heavy Duty Pump Industry Insights, 2024-2034

  • Alfa Laval AB
  • Baker Hughes, a GE company
  • Ebara Corporation
  • Flowserve Corporation
  • Gardner Denver Inc.
  • General Electric Company
  • Grundfos Holding A/S
  • Ingersoll-Rand PLC
  • ITT Corporation
  • KSB AG
  • Metso Corporation
  • Sulzer Ltd.
  • Weir Group PLC

Report Preview:  https://www.futuremarketinsights.com/reports/heavy-duty-pump-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Tension Control Market Expected to Grow USD 1.3 Billion in 2024, Projected to Reach USD 2.2 Billion by 2034 at 5.4% CAGR

Tension Control Market
Tension Control Market

According to Future Market Insights (FMI), the global tension control market was valued at USD 1.2 billion in 2023 and is expected to reach USD 1.3 billion in 2024. The market is projected to grow at a CAGR of 5.4% during the forecast period, potentially reaching USD 2.2 billion by 2034.

The increasing adoption of automation and Industry 4.0 across various sectors presents significant opportunities. Tension control systems can benefit from this trend by integrating with smart manufacturing processes, offering real-time monitoring, predictive maintenance, and data analytics to enhance production efficiency and ensure high-quality outputs.

The market is primarily driven by the growing focus on product quality and cost-effectiveness in manufacturing, spurred by global competition. Precision tension control systems meet stringent industrial standards while improving overall operational efficiency, reducing waste, and enhancing product quality.

Key Takeaways from the Market Analysis:

  • The automated product category is expected to expand at a 5.1% CAGR by 2034.
  • It is anticipated that the load cell sector would hold a 51.7% global market share in 2023.
  • Through 2034, the United States tension control market is expected to increase at a CAGR of 5.6%.
  • Through 2034, the United Kingdom market is anticipated to develop at a 7% CAGR.
  • According to estimates, the global market for tension control was valued at US$ 882 Million in 2019.

Competitive Landscape:

Organizations are implementing several strategies to effectively manage the ever-changing business environment. Companies that embrace digital transformation put money into innovative technologies like IoT and AI to improve operational efficiency. Eco-friendly packaging and the use of renewable energy sources are examples of sustainable practices that are given priority in order to satisfy changing consumer and legal requirements. Innovation and market expansion are facilitated by strategic partnerships and collaborations.

For a competitive edge, e-commerce integration and customized consumer experiences are prioritized. Resilient and flexible teams are also guaranteed by an emphasis on talent development and diversity. Overall, the strategic plan of progressive companies includes a comprehensive strategy that integrates technology, sustainability, teamwork, and customer orientation.

Startups are carving out spaces for themselves in a variety of sectors by utilizing agile approaches and innovative technology. They prioritize innovation, concentrate on resolving particular problems, and frequently adopt sustainable methods. Many aim for quick scaling through finance from investors and strategic alliances, bringing about revolutionary shifts in the conventional corporate environment.

Key Companies Profiled in the Tension Control Market:

  • Montalvo (US)
  • Maxcess (US)
  • Erhardt+Leimer (Germany)
  • Dover Flexo Electronics (US)
  • Double E (US)
  • Nexen (US)
  • FMS (Switzerland)
  • RE Controlli Industriali (Italy)
  • Nireco (Japan)

Tension Control Market Segmentation Analysis:

By Type:

  • Automated
  • Manual

By Component:

  • Load Cell
  • Clutch
  • Brake
  • Controller
  • Dancer Roller
  • Diameter Sensor

By Application:

  • Flexible Printing
  • Paper
  • Metal & Foil

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East & Africa

Report Preview:  https://www.futuremarketinsights.com/reports/tension-control-market

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Advanced Energy Storage System Market to Grow from USD 79.2 Billion in 2023 to USD 87.6 Billion by 2024, Driven by 9.5% CAGR

Advanced Energy Storage System Market
Advanced Energy Storage System Market

The global advanced energy storage system market was valued at USD 79.2 billion in 2023 and is projected to reach USD 87.6 billion by 2024. With a compound annual growth rate (CAGR) of 9.5%, the market is expected to hit USD 218.0 billion by 2034.

Rapid growth in this market is being driven by major advancements in battery storage systems, along with an increasing need for grid stability, energy reliability, and renewable energy integration. Innovations in energy storage technologies, such as improved battery chemistries and smart energy management systems, are playing a crucial role in this expansion.

Government regulations and incentives that support sustainable energy solutions further fuel market growth, encouraging innovation and the development of advanced energy storage systems.

Key Takeaways from the Market Analysis

  • The market for advanced energy storage systems experienced an 11.6% CAGR from 2019 to 2023.
  • The market in the United States is anticipated to expand at a 9.9% CAGR over the projected period.
  • Japan is anticipated to develop at an 11.1% CAGR between 2024 and 2034.
  • The China advanced energy storage system market is likely to rise at a 10.4% CAGR from 2024 to 2034.
  • The grid storage segment by application is likely to garner a 9.3% CAGR from 2024 to 2034.
  • By 2024, the mechanical technology segment is expected to acquire a 49.8% of the global market share.

Competitive Landscape

Companies in the global market for advanced energy storage systems are making profits by using a variety of approaches, such as creating novel lithium-ion batteries, creating scalable energy storage solutions for both the residential and commercial sectors, and taking part in significant grid stability improvement projects. In order to achieve long-term success, they also investigate emerging markets and form strategic alliances.

Major players in the advanced energy storage system market are using innovative technologies such as smart energy management systems, artificial intelligence integration, and enhanced lithium-ion battery chemistry. These technologies facilitate grid optimization, increase the efficiency of energy storage, and aid in the shift to resilient and sustainable energy sources.

Startups in the advanced energy storage space concentrate on ground-breaking discoveries, building innovative battery chemistries, and producing energy storage systems that are both scalable and reasonably priced. In the ever changing energy storage sector, they frequently place a high priority on sustainability, investigating novel materials, and utilizing digital technologies to improve performance, dependability, and cost.

Major Companies Profiled in Advanced Energy Storage System Market Report:

  • AES Corporation
  • Tesla Inc.
  • GENERAL ELECTRIC
  • ABB
  • Saft
  • LG Chem.
  • Siemens AG
  • Panasonic Corporation
  • Electrovaya
  • Hitachi Ltd.

Key Segments Profiled in the Advanced Energy Storage System Market

By Application:

  • Grid storage
  • Transportation

By Technology:

  • Mechanical
  • Thermal
  • Electro chemical
  • Others

By Storage Type:

  • Batteries
  • Flywheels
  • Compressed air storage
  • Pumped hydro-power
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East & Africa

Report Preview:  https://www.futuremarketinsights.com/reports/advanced-energy-storage-system-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Rapid Growth Ahead: Global Vitamin Supplements Market Expected to Reach USD 133.94 Billion by 2033

The global vitamin supplement market is projected to reach a valuation of USD 57.63 billion in 2023 and USD 133.94 billion by 2033, with an expected CAGR of 8.8% over the forecast period.

Latest Trends in the Vitamin Supplement Market

Several factors are increasing the global market trends. A few of these latest trends in vitamin supplements are as follows:

Immune Health Focus: Consumer are increasing the demand for better alternatives to boost their immune health and are increasing the adoption of vitamin supplements.

Vitamin D Supplement: The growing popularity of consuming vitamin D to enhance immune health is increasing the demand for vitamin supplements. These supplements improve patients’ health and better outcomes.

Sustainable Sourcing: Growing awareness of environmental impacts is promoting sustainability with the adoption of natural ingredients. Consumers are seeking eco-friendly practices, increasing the demand for vitamin supplements.

Clean Labeling: The growing trends of clean labeling are avoiding artificial additives, fillers, and colors are expanding the global market trends.

Personalized Nutrition: Key companies are offering personalized nutrition to their consumers to balance their nutrition diet by changing habits and lifestyles. These nutrients offer an abundance of vitamin blends to improve consumers’ well-being.

Elderly Population: The rising global aging population are targeting a vast quantity of vitamin supplements to improve bone health and weakness and boost energy.

Children’s Supplements: Parents prefer vitamin supplements to improve children’s immune systems and develop their growth.

Antioxidants: Consumers are rapidly increasing the adoption of vitamin supplements due to their antioxidant properties to support health. These supplements include vitamin E and vitamin C, zinc and other minerals that reduce oxidant stress.

These are a few of the trends that significantly drive the global market trends.

Competitive Landscape

The global vitamin supplements market is highly competitive, with key players striving to develop cost-effective and innovative products. These companies are employing various marketing strategies, including collaborations, mergers, and partnerships, to enhance their market share. They prioritize consumer safety by offering standardized products that adhere to strict regulations.

Key players are also investing in research and development to introduce new ideas that will boost global market revenue. To reach target consumers, they are promoting their brands through trade shows, retailers, and online platforms.

Recent Developments in the Vitamin Supplements Market

  • In 2020, Franchise Group LLC announced its newly launched Vthrive to enhance its business portfolio.
  • In 2019, GlaxoSmithKline plc announced its completion of a joint venture with United States-based company Pfizer Inc. This joint venture took place to enhance the nutritional brand.
  • In 2020, Homart Pharmaceuticals announced its newly launched three products to improve the immune system.

Key Players in the Vitamin Supplements Market

  • Amway Corp.
  • American Health Formulations (AHF)
  • FullWell
  • Garden of Life LLC
  • Good Health New Zealand
  • Healthy Life Pharma (P) Limited
  • Klean Athlete
  • Llama Naturals
  • NOW Foods
  • Nordic Naturals
  • Olly PBC
  • Pharmavite
  • RBK Nutraceuticals
  • The Nature’s Bounty Co.
  • Vital Proteins LLC

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Key Segments in the Vitamin Supplements Market

By Type:

  • Vitamin A
  • Vitamin B
  • Vitamin C
  • Vitamin D
  • Vitamin E
  • Vitamin K
  • Multivitamin

By Form:

  • Tablets
  • Powder
  • Capsule
  • Gummies
  • Others

By Distribution Channel:

  • Supermarkets/Hypermarkets
  • Retail Pharmacy
  • Online sales
  • Others

By End User:

  • Adult
  • Geriatric

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Cochineal Extract Market Surges with 9.3% CAGR, Reaching USD 90,905.8 Million by 2033

The global cochineal extract market reached approximately USD 39.78 billion in 2023, marking a year-on-year growth of 9.3%. It is projected to continue expanding at a robust CAGR of 9.3% from 2023 to 2033, ultimately reaching a valuation of USD 90.91 billion by 2033.

The increasing adoption of cochineal extract across various industries—including food and beverages, pharmaceuticals, cosmetics and personal care, pet food, and textiles—is a key driver of this growth.

Among its applications, the cosmetics segment is anticipated to see a revenue increase of 10.3% during the forecast period from 2023 to 2033.

Cochineal is an insect from the Dactylopius coccus species that produces the natural food color dye known as carmine. The female insects are dried, and the dye is extracted from both the dried insects and their eggs. This extract can be used directly in food or further processed into carmines for various industries.

Used for generations as a natural dye, cochineal extract has applications in food, textiles, pharmaceuticals, and personal care products. The farming of cochineal insects primarily occurs in Peru and Mexico, where they are cultivated on a specific type of cactus, feeding on its leaves. Once harvested, the insects are dried in the sun. To create red and orange dyes, the dried cochineal, which contains 18% to 25% carminic extract, is carefully extracted using aqueous, acidic, and alcoholic solutions.

Increasing awareness of the harmful health effects of synthetic colors, along with a growing demand for natural products, is anticipated to significantly drive the growth of the cochineal extract market during the forecast period.

Competitive Landscape

Leading players are actively implementing growth strategies, including new product launches, partnerships, mergers, and acquisitions, to gain a competitive advantage in the global cochineal extract market.

Recent Developments

  • In June 2022, Fermentalg and DDW Color House initiated pre- commercialization of Innovative Acid Stable Blue Natural Color.
  • In January 2023, ColorMaker Industries passed the milestone of having saved 500 tonnes of greenhouse gases using alternative sources of energy generation like solar energy.

Key Companies Profiled

BioconColors

Sensient Technologies Corporation

Gentle world; Naturex

DDW The Color House

Lake Foods

Chr Hansen Holding A/S

Naturales EIRL

ColorMaker

Xian LiSheng-Tech Co

Colores

Roha Dyechem Pvt. Ltd

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Market Segments Covered in Cochineal Extract Analysis

By Grade:

  • Food Grade
  • Pharmaceutical Grade
  • Industrial Grade

By Application:

  • Food & Beverage Processing
  • Bakery, Snacks, & Cereal
  • Candy/Confectionery
  • Dairy
  • Fruit Preparations/Fillings
  • Meat, Poultry, Fish, & Eggs
  • Potatoes, Pasta, & Rice
  • Sauces, Soups, & Dressings
  • Seasonings
  • Pet Food
  • Beverages
  • Alcoholic Beverages
  • Carbonates (Carbonated Soft Drinks)
  • Tea, Coffee, & Cocoa
  • Energy Drinks
  • Flavored Water
  • Cosmetics & Personal Care
  • Lip Care
  • Eye Care
  • Blushes/Facial Cosmetics
  • Nail Care
  • Hair Care
  • Textiles
  • Pharmaceuticals
  • Dietary Supplements

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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