Market Research Blog – Page 13314 – New Product Development

Alumina Trihydrate Market reaching a volume of around 11,098.9 KT by 2031 end

Alumina trihydrate sales reached 6724.7 KT in 2021, which are likely to see a healthy 4.5% Y-o-Y increase in 2021. Future Market Insights (FMI) indicates that the gains will remain highly influenced by the increasing use of plastics in the automotive and transportation industry. The industrial application of alumina trihydrate in chemicals, plastics, paper, paints and coatings, among others.

Captive consumption has been an important trend in the alumina trihydrate landscape. While over 70% of alumina trihydrate production is dedicated to captive consumption by manufacturers, the rest is directed to end-use sectors operating within paints & coatings, paper, plastics, construction, and a few other industries.

Plastics and chemicals will remain the key end users of alumina trihydrate, which currently account for more than 60% shares in the market. Consumption of alumina trihydrate in production of alum will particularly remain the prominent point of revenue generation over the forthcoming years. Widening applicability across a multitude of industrial verticals will enable this high-volume market to demonstrate an impressive growth curve through the next decade.

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According to report findings, end use of alumina trihydrate in plastics is anticipated to contribute for significant value shares, which has primarily resulted from the increasing applications of alumina trihydrate in engineering plastics. Chemicals, on the other side, are expected to maintain the lead in terms of end use, which is driven by the production of aluminum sulphate (alum) and aluminum chloride. Alum and aluminum chloride find major application as a coagulant in the water treatment sector.

APEJ Market’s Attractiveness Rising

Regions such as North America and APEJ are anticipated to hold significant market shares in terms of value. However, the APEJ market is anticipated to project lucrative growth in the global alumina trihydrate market during the forecast period of 2021-2031. This growth is driven by the rising usage of alumina trihydrate in end-use industries such as plastics, chemicals, papers, paints and coatings of APEJ that include India and China countries, among others. Countries such as China and India have shown positive economic growth.

Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors for investments in housing and other residential projects have increased drastically in South Asia. As a consequence, the building and construction industry of South Asia has gained a significantly positive momentum during the past years, which has increased the consumption of pigments and coatings, and is anticipated to result in the lucrative growth of alumina trihydrate consumption in the South Asia region.

Alumina Trihydrate Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as key participants in the global alumina trihydrate market. Some of the examples of key players in the global alumina trihydrate market are Sumitomo Chemical Co. Ltd., Aluminum Corp. of China Ltd., Nabaltec AG, National Aluminium Company Ltd., Huber Engineered Materials, Almatis GmbH, and Albemarle Corporation, among others.

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The global alumina trihydrate market is significantly consolidated with some players holding prominent shares of the market. These participants are offering alumina trihydrate under their popular brands such as Micral, Hymod, MoldX, Hydral, SpaceRite, Vertex, and Zerogen among others.

This FMI study offers market growth forecast for the 10-year assessment period, 2021-2031, and projects a strong 7.7% CAGR for market revenues through 2031.

Key Segment

By End-use

Plastics
Papers
Paints and Coatings
Adhesives
Chemicals
Pharmaceuticals Industry
Others

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Middle East & Africa (MEA)
Japan

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Sulphur Coated Urea Market | Present Scenario and Growth Prospects 2025

Future Market Insights (FMI) recently announced the release of its report titled, “Sulphur Coated Urea Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025.” According to the report, the global sulphur coated urea market is estimated to be valued at over US$ 855 Mn in 2016.

Market Drivers and Restraints

The global sulphur coated urea market is primarily driven by a few factors that include growing concerns about sustainability and cost minimization in the agriculture sector, stringent regulations on conventional fertilizers, increasing number of recreational arenas across the world that require turf grass such as golf courses and concerns about eutrophication. Furthermore, growing urbanization and increase in food consumption globally are also influencing demand for sulphur coated urea.

Increasing urbanization, coupled with spending preferences on luxury amenities, has widened the application area for sulphur coated urea and catalyzed its demand worldwide. Owing to a substantial increase in the number of high-net-worth individuals, the trend of growing investments on recreational and sporting activities is expected to increase. Worldwide focus as well as development in sports infrastructure is paving the way for increased demand for sulphur coated urea owing to its complementary properties in non-agricultural activities.

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Market Segments

By region, North America and Asia Pacific Excluding Japan (APEJ) dominated the global sulphur coated urea market in 2015 in terms of revenue, together accounting for over 60% share of the overall market. APEJ and Latin America are forecast to expand at a relatively high CAGR during the forecast period.

Key players in the market are focusing on expanding their footprints in emerging markets largely through mergers and acquisitions. Consolidation in the sulphur coated urea industry has facilitated market leaders, such as Agrium Inc., to expand their businesses in various geographies, thereby increasing their market share.

By product type, polymer sulphur coated urea segment accounted for over 90.0% of the overall sulphur coated urea market in 2015 both in terms of value and volume. Expanding at a CAGR of around 4% over the forecast period, the segment is projected to dominate the market over 2016–2026.

Competitive Landscape

Key market players covered in the report include Agrium Inc., Israel Chemicals Ltd., Syngenta AG, Andersons Inc., Yara International ASA, Harrell’s LLC, Koch Industries Inc., Haifa Chemicals Ltd., and J. R. Simplot Company. Most players in the market are engaged in various activities such as mergers and acquisitions, increasing investments in technological developments, geographical expansion and brand building via strong marketing strategies in order to sustain their position in the competitive market.

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Key Segment

By Application

Agriculture
Golf Courses
Professional Lawn and Turf`
Other (Nursery, Green Houses, etc.)

By Product Type

Wax Sulphur coated Urea
Polymer Sulphur coated Urea

By Region

APEJ
North America
Western Europe
Latin America
Eastern Europe
Middle East and Africa
Japan

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Laser Safety Glass Market expected to reach a valuation of US$ 1.05 Bn by 2028

The global sales of laser safety glass are projected to reach US$ 1.05 Bn by 2028, which translates into a robust 10.9% volume CAGR during the forecast period (2019-2029). A new Future Market Insights (FMI) report says that sales of laser safety glass are primarily driven by the growing usage of laser machines across end-use sectors. Laser safety glass is widely used in the healthcare industry, particularly dentistry and dermatology. Strict government regulations about the usage of personal protection equipment will remain crucial in fostering the demand for laser safety glass.

Laser Safety Glasses Market Size (2022)	US$ 565.1 Mn
Sales Forecast (2028)	US$ 1.05 Bn
Global Market Growth Rate (2022 to 2028)	10.9% CAGR
Share of Top 5 Market Players	40%

Increase in stringent government regulations for worker safety is expected to drive laser safety glass market growth of laser safety glass in the forthcoming period. For instance, OSHA (Occupational Safety and Health Administration) sets standards for the use of Personal Protective Equipment (PPE) across metal fabrication, welding, automotive component manufacturing, advanced healthcare and defence.

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The enforcement of this regulation is expected to foray into regional markets of potential growth such as Middle East, Asia and Latin America thus fortifying the laser safety glass market growth and presence beyond the established regions.

Key Takeaways – Laser Safety Glass Market Study

Stringent regulations related to laser safety glass will drive the demand for laser safety glass in the global market. For instance, European standard (EN) 207:20091 outlines the requirement of laser safety glass to ensure workers’ safety and protection. This standard dictates that laser safety glass should be able to withstand 100 pulses from a pulsed laser or a continuous beam for at least 10 seconds, without any damage.
With the initiation of shorter pulsed and femtosecond lasers, eyewear protection has become increasingly more important because of the broadband nature of these sources. This factor is expected to significantly drive the demand for laser safety glass.
Laser safety glass are required in the military for self-protective purposes against enemy laser attacks and for defense from internal factors as well. Internal usage includes non-combat applications such as industrial, medical, logistics, weapons training, and research and development.
Furthermore, laser safety glass is also used for metal fabricating processes such as cutting, engraving, welding, 3D printing, and additive manufacturing.
The rapidly growing automotive industry in emerging economies such as China, India, and Brazil is further fueling the demand for laser safety glass.

The market for laser safety glass is currently growing at a moderate pace as is a mature market in EU countries. However, it is showcasing healthy growth in Asian region. The market growth will be aided by enforcement of OSHA regulations in industrial engineering and workplace processes and other sites where the personnel are subjected to high intensity laser emissions and interferences. In terms of new end use verticals, defense will be a lucrative sector, encouraging new entrants in the market.

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How is Market Structure Defined?

Dominated by established international players, the laser safety glass market is a consolidated one. Some of the key players in the laser safety glass market such as 3M, Honeywell International Inc., and Philips Safety Products Inc. hold a major share of market pie in terms of revenue, backed by long-term partnerships with consumers and well-established sales network across the continent.

Laser safety glass market: Taxonomy

The global laser safety glass market is segmented to cover every aspect of the market and present complete market intelligence to the reader.

By Technology

Glass Laser Safety Eyewear
Polycarbonate Safety Glasses
Thin Film Glasses
Laser Protective Face Shield
Intense Pulse Light Safety Glasses

By Application

Automotive
Medical
Chemicals
Military, Aerospace, and Defense
Others

By Region

North America
Latin America
Eastern Europe
Western Europe
MEA
APEJ
Japan

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Key Questions Answered in the Report
How big is the global laser safety glasses market?
What are the key factors driving sales growth of laser safety glasses?
What is the CAGR of the laser safety glasses market over the forecast period?
Who are the prominent market players producing laser safety glasses?
Which region holds the largest share in the global laser safety glasses market?
What is the expected market size for laser safety glasses by 2028?

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Oracle Services Market 2022 Comprehensive Shares, Historical Trends And Forecast By 2029

The oracle services market size is expected to grow from US$ 13.8 Bn in 2022 to US$ 35.4 Bn by 2029. The oracle services market is anticipated to grow at a CAGR of 14.4% during 2022-29.

The research study opines that demand for cloud services among enterprises continues to see a significant uptick, with some of the key reasons being complex workloads, increased server functionality, and high component costs. This, in turn, is estimated to bring in new opportunities for the key service vendors to level up their sales performance in the global market space.

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With implementation of thousands of Oracle solutions across enterprises of varying sizes, the Oracle services providers aim at helping their end users get the maximum ROI in Oracle solutions. Opportunities are imminent for the service providers active in this market, with the growing focus of enterprises on agile and adaptable operating models, across both developed and developing economies.

Oracle Cloud Services- The New Catalyst for Enterprise Growth

As Oracle solutions continue to embrace take the ‘customer-first’ approach, Oracle service providers are focusing on offering a comprehensive suite of services that would drive competitive advantages for their end users. According to the report, Oracle cloud services remains the most ‘in-demand’ service of all other available services, with global value estimated to reach US$ 4.3 Bn in 2022.

The upswing in investments in Oracle cloud services is a result of the sweeping transition of businesses toward cloud computing models in order to build, deploy, integrate, and extend applications in the cloud. Oracle cloud services are being extensively relied upon by enterprises to build their operational efficiency and reduce total cost of ownership, thereby making it a focal point for the market players to target in 2022 and beyond.

Oracle consulting services are, and will continue to be in high demand, for the fact that businesses seek top-notch consulting services to address complex integrated Oracle application portfolios and associated maintenance costs.

Sensing the aforementioned needs coming from enterprises, key providers active in the Oracle services market are offering a wide spectrum of services tailored exclusively to business needs, some of them being functional Services, implementation and upgrade, customization and integration, maintenance and support, and resale of Oracle products.

Though North America and Western Europe will continue being forces to reckon with in the Oracle services market, Asia Pacific excluding Japan (APEJ) is likely to reverse the game for the service providers by the end of 2029.

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As majority of economies in APEJ have started reflecting positive economic growth rates in the recent years, a new heap of opportunities is likely to emerge for the Oracle service providers to take advantage of. BFSI will continue to sustain high demand for Oracle services, followed by Retail & CPG, as the former and the latter are undertaking strategic customer service transformations and investing in advanced services to achieve the same.

According to the report, the Oracle service providers are shifting their focus toward opportunities springing up in the space of SMEs, as small and medium enterprises make up a significant percentage of the total number of businesses operating worldwide. The market players are also focusing on mergers and acquisitions to diversify their portfolio and grow with the ‘combined-expertise’ advantage.

Newer service offerings with umpteen benefits continue to be the kernel of the market players’ business strategies, unveils the FMI analysis. For instance, in February 2022, Wipro announced official launch of the ‘Quick Migration to Cloud (QuMiC)’, a platform that allows enterprises in smooth migration to Oracle Cloud.

Oracle Services Market Survey by CategoryBy Services :

Oracle Consulting Services
Oracle Financial Services
Oracle Cloud Services
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)

By Enterprise Size :

Small & Medium Enterprise
Large Enterprise

By Vertical :

BFSI
High Tech
Communication & Media
Retail & CPG
Energy & Utilities
Healthcare & Life sciences
Public Sector
Others

Region :

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

Key Questions Answered in the Report

How much is the global oracle services market valued at?
What is driving the demand for oracle services?
At what CAGR did demand for oracle services increase over the past 5 years?
What will be the demand outlook for oracle services through 2029?
Which are the top 5 countries driving most of the demand for oracle services?

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Access Control Market 2021 Development Status, Competition Analysis, Type and Application 2031

According to newly released data on the access control market analysis by Future Market Insights (FMI), the market will grow at a CAGR of 12.6% from 2021-2031, with revenue totaling US$ 15,371.0 Mn by the end of 2021. Growth has been attributed to rapid technological advancements in the IT & telecom industry. Advanced technologies have become essential in improving economic competitiveness, thereby propelling market growth.

The adoption of access control systems in various industry verticals is expected to propel the market. Information and data security is becoming a top priority for industrial organizations to secure their information and other digital assets from threats.

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The latter goal largely depends on guaranteeing safety for visitors, plant managers, workers, and more. The growing necessity of integrated access control solutions to create secure environments across industrial areas that layer several technologies in conjunction with contingency plans for human and asset protection will drive demand.

Therefore, access control is the ideal way to seamlessly fuse such solutions without compromising on productivity, safety, and security with greater efficiency. Several industrial organizations such as IT & telecom, healthcare, BFSI, and manufacturing, are adopting access management solutions to ensure the protection of resources.

The rapidly growing usage of mobile devices has shifted the focus of corporate sectors towards enterprise mobility practices. The major types of smartphone door access control systems include IP systems, control panel systems, and mobile access credentials.

The use of mobile-based credentials is the organic evolution from conventional physical security in the access control industry. Mobile credentials offer superior security and convenience. Smartphone access encompassed with cloud-based systems make such solutions an economical choice for long-term applications, although local systems only require one-time investments.

Key Takeaways from the Access Control Market Study

Iris recognition access control systems will witness the highest growth rate at over 16%, owing to investments into new biometric security solutions through 2031.
The healthcare sector is anticipated to capture the largest share of 19.8% in 2021, backed-up by security concerns in healthcare facilities associated with the use of EMR.
The U.S. will remain dominant in North America with a 84.5% share in 2021, supported by faster access to tech developments in end use verticals.
The market in Japan is expected to progress at a noteworthy CAGR of close to 17% through 2031, supported by a tech-driven economy.
In the U.K., sales are expected to increase at a CAGR of more than 15% over the next ten years, driven by favorable government investments and policies.

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“Access control systems have become a fundamental part of enterprise security departments for applications including the protection of perimeter and high-level data and assets. Frequently changing sources of threats, mandatory compliance, and increased liability issues are the key elements fueling the demand for access control systems for enhancing security,” says the FMI analyst.

COVID-19 Impact Analysis on Access Control Market

The COVID-19 pandemic has impacted every sector with social distancing norms pushing organizations towards digitalization to ensure data and asset safety. Businesses that invested in digital transformation initiatives in the past have proved to be more resilient during the crisis.

The outbreak of the covid-19 virus has presented a challenge to communities and businesses, where the use of physical security systems has become more than a means to prevent criminal activity.

Part of the new post-covid normal is managing a location’s occupancy levels to ensure social distancing or allowing hands-free entrance. The demand for access control systems is projected to further continue to rising with a rapid shift towards enhanced verification systems and digital identity management. Consequently, the access control market is estimated to grow around 7.6% to 10.8% Y-o-Y from 2019 to 2021.

More Valuable Insights on Access Control Market

FMI’s report on the access control market is segmented into four major sections – component (hardware, software, and services), system type (Fingerprint Access Control Systems, Face Recognition Access Control Systems, Iris Recognition Access Control Systems, Card-based Access Control Systems, and others), industry (IT & telecom, BFSI, military & defense, healthcare, government, education, manufacturing, transportation & logistics, others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, India, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the access control market.

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Key Questions Answered in the Report

Which countries are key producers of access control systems?
What is the global access control market growth outlook between 2020 and 2021?
Which are some of the leading companies offering access control solutions?
At what rate will the access control market grow in Europe?
How much is the global access control demand worth?
What will be the demand outlook for access control solutions?
What was the last 5-year market CAGR?
What are the key trends shaping growth in access control market?
What factors are driving demand for access control?
What are the top 5 countries driving demand?
What is the North America market Outlook?
What are the key market statistics in South Korea and Japan?

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Palletizers Market is estimated at USD 2.6 billion in 2022 and is projected to reach USD 3.4 billion by 2028, at a CAGR of 4.7% from 2013 to 2021.

According to the latest market report published by Future Market Insights titled “Palletizers Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2022-2028,” Palletizers being a highly productive material handling solution is expected to be the prime driver of the global palletizers market during the forecast period, 2022-2028. Globally, the revenue generated from sales of palletizers has been estimated to be around US$ 2,084.4 Mn in 2022, and is projected to increase at a CAGR of 4.9%, during the forecast period 2022-2028.

The palletizers market in the developed region of North America and Western Europe together estimated to account for around 40% of the global palletizers market and are projected to witness low growth during the forecast period. The developed countries of North America and Western Europe region has high adoption rate for recently developed technology.

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This has resulted into high demand of advanced technology for robotic palletizers as compared to other regions. Large number of palletizers manufacturers are based in these regions only. Although, the manufacturing output growth in these regions have matured, the continuous developments introduced in the robotic palletizers and the end-user industries aiming highest automation possible has propelled the palletizers market in North America and Western Europe.

China, India and South Korea are some of the rapidly developing manufacturing industries in the world and large market for robotics in the world. These countries are estimated to account for more than 85% of the APEJ palletizers market.

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Although, China is the largest palletizers market and the largest robotics market in the world, the industrial robot density of China is below global average. Millions of manufacturing and warehousing facilities, and huge domestic production of economical palletizers has created large opportunity for the palletizers market in the country.

Japan is exhibited to possess similar characteristics as that of North America and Western Europe, which are maturing the demand of palletizers, large palletizers market share and rapid adoption of technology. Fanuc, Kuka and other globally leading companies in robotics industry and providing palletizers are based in Japan.

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Central Europe & Baltics region includes countries such as Czech Republic, Poland, Hungary, Croatia and others. The total labour force in the region has remained almost constant since 2002 while the manufacturing output in the region has expanded by around 2.7 times.

This has created immense opportunity in the region for palletizers market and other industrial automation solutions. Availability of economical and skilled labour in Poland has attracted manufacturing industries in the Western Europe region to shift their production facility to Poland and other countries in the Central Europe and Baltics region.

In the MEA region, Turkey and GCC region are estimated to account for around 60% of the MEA palletizers market in 2018 and are further expected to expand palletizers market at a significantly high pace as compared to African countries. MEA region has considerably higher demand share of conventional palletizers as compared to other regions.

The rapidly developing pharmaceutical industry in the North Africa and GCC region has propelled the demand of palletizers in the region. Due to lack of manufacturing capability, the majority of the demand of palletizers is served by imports from Asia Pacific and Western European countries.

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The market volume for global palletizers is expected to expand at 1.6X over the forecast period 2022-2028

Detailed profiles of palletizers companies are also included in the report to evaluate their strategies, key product offerings and recent developments. The key players of the global palletizers market are Premier Tech Chronos Ltd., ABB Ltd., FANUC Corp., Kion Group, Kuka Group, Honeywell International Inc., Okura Yusoki Co., Ltd., Columbia Machine, Inc., Fuji Yusoki Kogyo Co., Ltd. and Concetti S.P.A.

In global palletizers market report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ section is included to provide report audiences with a dashboard view and company share collectively.

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Iron Oxide Market Outlook, Current and Future Industry Landscape Analysis 2025

According to a market report published by Future Market Insights titled “Global Iron Oxide market in its latest report titled ‘Iron Oxide Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020’, the long-term outlook on the global iron oxide market is positive with the market value expected to increase at a CAGR of 4.3% during the forecast period (2014 – 2020), reaching an estimated market size valued at around US$ 1.8 Bn by 2020.

Iron oxides are commonly available chemical compounds composed of iron (Fe) and oxides. Iron oxides are mainly used in the form of iron ores, pigments, catalysts, etc. They are produced from both natural and synthetic resources and various types of iron oxides are produced in varying colours. The iron oxides represented by the chemical formula Fe2O3 are mainly red-coloured and brown-coloured iron oxides. Of the various types of iron oxides, primary iron oxides, consisting of red, black and yellow types are estimated to hold a majority share by value in the global iron oxide market.

The iron oxide market has been analysed on the basis of product type and application. Among the product type segments, the red iron oxide segment is expected to account for over 40% of the overall consumption of iron oxide, while growing at a significant CAGR in terms of value over the forecast period. On the basis of application, the construction materials segment holds a dominant share at present and is estimated to hold a majority share throughout the forecast period. The consumption of iron oxide in paints and coatings for aesthetic purposes in architectural and automotive industries is also high. The increase in the demand for iron oxide is driven by the growing consumption of raw materials for construction activities, which are further fuelled by the burgeoning rate of industrialization and urbanization.

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From a geographical perspective, Asia Pacific excluding Japan, followed by North America and Western Europe, is expected to emerge as the leading market. Asia Pacific excluding Japan, in particular, is expected to exhibit a high growth rate as well as a major share of consumption in the global iron oxide market in the future along with a CAGR higher than the global average. Increasing industrial base propelled by the consumer demand for related goods and components as well as significant investments and development of urban infrastructure projects spur the demand for iron oxide in Asia Pacific. The demand for iron oxide is also expected to be driven by industrial development in North America and Western Europe. Other regions are expected to record lukewarm growth levels in the iron oxide market during the forecast period. The iron oxide market is viewed as a high value–moderate growth market by interested stakeholders.

Iron Oxide Market Participants

Some of the market participants identified in the iron oxide market are Lanxess AG, Huntsman International LLC, Cathay Industries, Toda Kogyo Corporation, Alabama Pigments Company LLC, Jiangsu Yuxing Industry and Trade Co., Ltd., Yaroslavsky Pigment Company, Tata Pigments Company and Shenghua Group Deqing Huayuan. Top 3 players in the global iron oxide market account for close to half of the total iron oxide production globally. Various producers of iron oxide pigments are focusing on the development of new applications to enhance their market share. For example, blends of iron oxides are finding application in golf courts. In June 2014, Lanxess AG developed a blend of organic phthalo blue pigment Levanyl “Blue G-LF” and inorganic iron oxide pigment “Bayferrox 91” for the coloration of white sand on golf courts. Alignment of business operations by reducing cyclical business segments, divesture of non-performing units to optimize scale of iron oxide production, sales and earnings of increased profits are some of the key strategies being employed by prominent market participants in the iron oxide market.

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Key Segment

Product Type

Red Iron Oxide
Yellow Iron Oxide
Black Iron Oxide
Orange Iron Oxide
Brown Iron Oxide
Green Iron Oxide
Other Blends

Region

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

Application

Construction
Paints & Coatings
Plastics
Chemicals
Paper & Pulp Manufacturing
Textile
Ceramics
Leather
Others (Fertilizers, Cosmetics, Rubber)

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Salesforce Services Market Research Report 2022 – Global Forecast till 2029

The global salesforce services market is set to top US$ 13 Bn in 2022, and is predicted to expand at a stupendous CAGR of 14.4% to reach a valuation of US$ 33.5 Bn by 2029. Salesforce services currently account for 2% share in the global IT services market. Market growth is primarily being driven by increasing adoption of salesforce services in the BFSI industry.

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Service providers will have to keep their clients informed about various Salesforce service developments and new additions, as well as possible extensions, in order to sow the seeds of rewarding client relationships for sustained growth

salesforce services market

As Salesforce services defy the ‘one-size-fits-all’ concept, service providers are offering end-to-end assistance to help end-users get services that are best-suited to their requirements. With thousands of Salesforce implementations across multiple enterprises, the Salesforce service providers are extensively focusing on creating impactful experiences to generate substantial profits. Opportunities galore for manufacturers with the increasing focus of businesses on improved customer engagement and interaction – key imperative driving growth and profitability amid competitive spaces. Some of the highly-effective Salesforce offerings- marketing cloud, commerce cloud and community cloud to name a few- have gained immense popularity over the years, which is further nudging businesses to choose Salesforce services for long-term returns.

According to the FMI report, implementation continues to remain a highly-preferred service, which is broadly categorized into integrated services, application modernization & data migration, custom application development, and testing services. Enterprises will continue to sustain high demand for Salesforce managed services, wherein these businesses get assistance from a whole team of experienced Salesforce administrators as well as consultants for effective management of their Salesforce functions.

North America – A Hub of Opportunities for Service Providers

According to the report, increasing adoption of Salesforce services in the BFSI sector is likely to continue, making it one of the most lucrative verticals for the Salesforce service vendors. Over the years, the focus of BFSI is shifting toward fruitful customer engagement in real time and across any device. This, in turn, is pushing the demand for adoption of Salesforce services in BFSI, thereby giving new opportunities for the Salesforce service vendors to reap profits from. Growth prospects for the Salesforce services, as the report opines, are high in North America, particularly in the US. In addition, the adoption of Salesforce services in Western Europe is estimated to intensify by the end of 2029, which is likely to encourage the vendors to solidify their service capabilities.

As far as growth and expansion are concerned, strategic business partnerships and acquisitions will continue to be the best way forward for vendors. Those alliances will lay the foundation for bespoke innovations to come to the fore, thereby creating a ‘win-win’ for both the parties involved. Considering the challenges enterprises face in terms of Salesforce deployment, key service providers active in the market will continue to focus on offering unmatched support and assistance in a bid to ensure client satisfaction and engagement. In addition, Salesforce service providers will also continue to center on getting ‘Salesforce service certifications’ to reap benefits in the long-run, as these certifications will not only help them strengthen their core competencies but also expand their client bases.

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Key Segments of Salesforce Services Industry Survey

Salesforce Services Market by Type of Service:

Planning
- Advisory Services
- Change Management
Implementation
- Integrated Services
- Custom Application Development
- Application Modernisation and Data Migration
- Testing Services
Manage
- Monitoring
- Upgrade
- Governance
- Helpdesk
- Training
- BPO

Salesforce Services Market by Application:

Sales Cloud
Service Cloud
Marketing Cloud
App Cloud
Commerce Cloud
Analytics

Salesforce Services Market by Vertical:

Salesforce Services in BFSI
Salesforce Services in Healthcare and Life Sciences
Salesforce Services in Media and Telecom
Salesforce Services in Retail and CPG
Salesforce Services in Government
Salesforce Services in Manufacturing
Salesforce Services in High Technology
Salesforce Services in Energy & Utilities

Salesforce Services by Region:

North America Salesforce Services Market
Latin America Salesforce Services Market
Europe Salesforce Services Market
East Asia Salesforce Services Market
South Asia & Pacific Salesforce Services Market
Middle East & Africa (MEA) Salesforce Services Market

Key Questions Answered in the Report

At what pace is the salesforce services market expected to increase over the coming years?
At present, what valuation does the salesforce services market enjoy?
Which prime salesforce service companies are profiled in this analysis?
What is the salesforce services market predicted to be worth by 2029?
What is third-party application support?
How does salesforce travel management help?
Can one use salesforce for contract management?
What is salesforce service cloud WFM workforce management?
What is sales software?
Is salesforce EMR integration used in hospitals?

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Photo Printing and Merchandise Market 2018 | Present Scenario and Growth Prospects 2028

According to a recent market report published by Future Market Insights, titled “Photo Printing and Merchandise Market: Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 – 2028,” the US$ 16.9 Bn photo printing and merchandise market is expected to register a CAGR of 2.6% through the forecast period. Emergence of 3D printing technology and elevating use of smartphone applications will however manage to sustain the market growth at a passive pace, through 2028.

The latest trends in the photo printing and merchandise market include Ecommerce companies focusing on offering online photo printing services and a majority of manufacturers focusing on introducing photo printing kiosk with enhanced connectivity features. While these trends are likely to uplift the market scenario slightly, the overall growth of the photo printing and merchandise market will reportedly remain sluggish throughout the projection period.

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Photo printing and merchandise

Photo printing currently accounts for a major share of the total market revenue, owing to continued popularity of printed photographs among consumers. However, it is most likely that the photo printing segment will lose its market share to merchandise printing, predominantly attributed to bolstering demand for merchandise printing products such as mugs, pillows, cushions, photo books, and others. By the end of 2028, the revenue contribution through merchandise printing to the global photo printing and merchandise market value is anticipated to reach around 25%. The report projects merchandise segment to witness a steady CAGR of 4.4% over 2018-2028.

Furthermore, digital printing is expected to take over the film printing module, whereas mobile printing mode is foreseen to win a major market share over desktop printing. The market progression in this direct has been attributed to rapid digitalization that has been evidently impacting the industries worldwide, since the past decade. Regional analysis of the global photo printing and merchandise market reveals continued dominance of North America with more than 27% share of the market value. Decent growth prospects have been estimated for the market, in North America and Western Europe.

As indicated by the competition landscape assessment provided in the report, the tier 1 companies currently account for a majority revenue share of around 45%, followed by the share of around 40% contributed by tier 3 companies participating in the global market for photo printing and merchandise. The tier 2 players are responsible for generating nearly 15% share of the total market revenue. Key players are increasingly focusing on the growing demand for merchandise products and innovation in the photo printing technology.

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The report highlights a few key developments in the market, including a recent launch of a process-free technology portfolio by the Eastman Kodak Company, which has been named as ‘KODAK SONORA UV Process Free Plate.’ This plate is capable of delivering longer run lengths (up to 30,000 impressions) compared to any other process-free plate, and offers a range of benefits of UV technology, flexibility, high print quality, and faster drying times. With this technology, the company has introduced a range of new applications, delivering more efficient, faster, and more sustainable results.

Expansion of Ecommerce sector pinpoints growth of developing regions

North America and Western Europe have been identified to be the key regional markets for photo printing and merchandise over the forecast period. While North America is foreseen to lose its value share, Western Europe is anticipated to encounter with attractive opportunities contributing to its increased market share of over 25% by 2028 end, as estimated by the report.

China and other developing Asian economies, along with South East Asian countries, are presumed to witness significant growth opportunities in near future. This growth has been primarily attributed to the flourishing Ecommerce sector.

Key Segments Covered

By Mode of Printing

Desktop
Mobile

By Module

Film Printing
Digital Printing

By Product Type

Photo Printing
Merchandise Printing

By Distribution Channel

Instant Kiosk
Over the counter
Retail
Online

Key Regions covered

North America
Latin America
SEA and other APAC
China
Western Europe
Eastern Europe
Japan
Middle East & Africa

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Global Mining Flotation Chemicals Market to Witness Increased Revenue Growth in the Regional Markets of Asia Pacific and Middle East & Africa

According to a market report published by Future Market Insights titled “Mining Flotation Chemicals Market: Global Industry Analysis and Opportunity Assessment 2014 – 2020”, the long-term outlook on the global mining flotation chemicals market remains a sound one, with market value expected to increase at a CAGR of 4.7% during the forecast period (2014 – 2020) with an estimated market size around US$ 10 Bn in 2020.

To extract a mineral from its ore, the ore beneficiation process is carried out that separates the desired mineral from ore surface rock. Technically, the desired mineral floats out from the rock surface with help of certain chemicals christened as mining flotation chemicals. Since different mineral have their respective surface flotation characteristics, there exists a need of appropriate mining flotation chemicals which promote or inhibit the float of minerals thus creating a plethora of mining flotation chemicals, which are applied at different dosages to the ore.

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Mining Flotation Chemicals Market: Segmental & Regional Analysis

The mining flotation chemicals market has been analysed on the basis of ore type and chemical type. Among the ore type, the sulphide ore type has been found to contribute over 65% of the overall consumption of mining flotation chemicals and is further expected to grow at a significant CAGR in terms of value by the end of the forecast period. On the basis of chemical type, the majority share of mining flotation chemicals is acquired by collectors, frothers and flocculants. The depressant type of mining flotation chemicals is also expected to display a decent growth during the forecast period. Increased demand for mining flotation chemicals is being driven by growing consumption of raw materials/metals for construction activities, which is being further fuelled by burgeoning rate of industrialization and urbanization.

In terms of the mining flotation chemicals market outlook and analysis by geographical regions, Asia Pacific and Middle East and Africa are expected to emerge as the leading regional markets, recording a healthy growth rate in the future period above the global average CAGR. The demand is considered to arise mainly from the coal and metal reserves in these regions, where the mining activities and minerals production have surged in the recent years. North America and Western Europe are also expected to witness significant growth over the forecast period. Whereas, the other regions are expected to record moderate growth over the forecast period.

The global mining flotation chemicals market is expected to have a moderate-to-decent growth owing to periodic contraction in mining activities in current as well as forthcoming years. The mining flotation chemicals market can be viewed as a high value–moderate growth market for the interested stakeholders.

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Mining Flotation Chemicals Market: Top Companies

Some of the leading companies identified in the mining flotation chemicals market report include BASF SE, Huntsman Corporation, Kemira Oyj, Clariant AG, Chevron Phillips Chemical Company, Cytec Industries Inc., Cheminova A/S, Nasaco International LLC, Air Products and Chemicals Inc., and Beijing Hengju Chemical Industry Co. Ltd. The participants in the mining flotation chemicals market have consolidated their market footprints by undergoing organic and inorganic growth in business operations and expanding their reach in untapped geographical regions of the globe. Global multinationals are expanding their regional footprint, via acquisition of small domestic players engaged in mining chemicals production.

Mining Flotation Chemicals Market: Segmentation

The mining flotation chemicals market has been segmented on the basis of the below criteria.

By Ore Type

Sulphide Ore
Non- Sulphide Ore

By Chemical Type

Collectors
Frothers
Dispersants
Activators
Depressants
Flocculants
Others

By Region

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

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