Retail Automation Market : Notable Developments & Geographical Outlook 2022 to 2031

Technological improvements have been gaining significant traction in retail automation market over the past couple of years. According to a new study by Future Market Insights (FMI), the retail automation market will surpass US$ 18.62 Bn by 2021. Automation solutions integrated with analytics are expected to offer abundant opportunities in the retail industry.

The ability of accurately analyzing the data using analytical automation for decision making is anticipated to help retailers gain a competitive edge in the market. As a result, analysis of the buying patterns of consumers is likely to drive the growth of the market in the coming years. In addition, surge in data analytics activities in retail such as recommendation systems, acts as another opportunity for the global market players to considerably escalate their revenue.

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An increasing number of retailers are focusing on business expansion in China, but slowly retailers are shifting focus towards potential of other markets, especially the BRIC nations (Russia, Brazil, China, and India) and some Southeast Asian countries. As per the Global Retail Development Index, Latin American countries, particularly Chile, Uruguay, and Brazil, are showing significant growth in retail.

Furthermore, China & India are projected to be the largest retail markets in Asia Pacific, owing to their large consumer base. Also, while retail automation products are being increasingly adopted in developed countries, some underdeveloped or developing countries, such as Yemen and Egypt, have started using the automation systems and services in the retail sector owing to high growth potential they offer.

As per FMI, the demand for retail automation is expected to be significantly in supermarkets. As end users, supermarkets are expected to contribute to over 40% of revenue generated in the market by 2031.

Key Takeaways: Retail Automation Market

  • The global retail automation market is estimated to register a CAGR of over 11.0% during the forecast period of 2021-2031
  • Among the regions, the market in South Asia & Pacific is estimated to register a high CAGR, owing to rise in adoption of digitalization in the retail industry in India, Indonesia, Australia, and other countries
  • The market in China is expected to progress at an impressive CAGR, thanks to the expansion of the retail sector
  • In the North America market, the U.S., is expected to account for dominant 80% of demand registered in 2021
  • The market for retail automation in the U.K. is expected to register above 10% y-o-y growth in 2021
  • Despite China’s dominance in East Asia, Japan and South Korea are expected to register higher rate of adoption of retail automation

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“Since most of the retail businesses are planning to deploy big data, forecast analysis driven by machine learning algorithms became one of the innovative methods to optimize logistics, manufacturing processes, running smart marketing campaigns, and supplier and customer relationship management,” says FMI analyst.

COVID-19 Impact Analysis on Retail Automation Market

Businesses are facing the reality and adjusting the business model to account for the effects of COVID-19 pandemic. For ensuring the business continuity plans businesses are adopting advanced technologies and various solutions to run their business smoothly. During the pandemic, many retailers tried to optimize their online sales processes using e-commerce platforms.

Looking ahead, after the pandemic, businesses with multiple sales channels will need to sync both offline and online inventory, promotions, and transactions. Therefore, POS integration and e-commerce are likely to become an optimal solution both during and after the pandemic.

Being guided by the “try-before-you-buy” approach, augmented shopping attracts customers by allowing them to interact with products online. Moreover, the isolation due to COVID-19 quarantine has rapidly increased the demand for virtual fitting room systems.

Hence, the retail automation market is estimated to grow around 9.6% to 10.6% Y-o-Y from 2019 to 2021.

Implementation of RFID Technology

The handheld RFID inventory management platform will help improve the customer experience, allow for quick and efficient restocking of merchandise, and increase sales. Implementation of RFID technology in retail stores in support of omnichannel strategy supports customers’ changing shopping habits. RFID technology enables to track the missing products from the sales floor. The RFID inventory system provides deeper merchandise visibility and increases inventory management efficiencies. RFID is an important tool for cutting costs and managing efficiencies at a time when retailers are battling fiercely for each consumer dollar spent at their stores. By reducing out of stocks and overstocks, retailers can help maximize product availability to help convert sales.

More Valuable Insights on Retail Automation Market

FMI’s report on the retail automation market is segmented into four major sections – component (hardware, software, and services), deployment (cloud, on-premises), end user (specialty retail stores, departmental stores, supermarkets, retail pharmacy stores, others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the retail automation market.

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Physical Security Equipment Market 2022 Industry Research, Segmentation, Key Players Analysis

A recent research by Future Market Insights (FMI) has estimated the global physical security equipment market to reach nearly US$ 64,000 Mn in revenues by 2022-end. Over the forecast period (2017-2022), the global market for physical security equipment is projected to exhibit a staggering expansion at over 10% CAGR.

Emergence of Thermal Cameras – A Major Trend Observed in the Market

A major trend being discerned in the market is the emergence of thermal cameras. As these cameras are water & heat resistant, and use infrared radiation for taking images, they have become an indispensable part of physical security equipment in monitoring unique/large-scale outdoor environments. Several institutions and critical infrastructures are being offered grants by governments for purchasing efficient surveillance equipment. The requirement for sophisticated security systems that help in ensuring safety of data has led the organisations to adopt data analytics, along with cloud-based data storages.

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The nature of the global physical security equipment market is highly fragmented, with presence of various large- as well as small-scale vendors competing for gaining larger market share. These vendors are concentrating on providing innovative and highly-efficient security solutions coupled with customized security services for sustaining their presence in the market. In addition, they are also providing integrated security systems, which ensure optimum security. Global leaders in the market are adopting key strategies such as M&A, and are acquiring niche players, in a bid to enhance their product portfolio.

physical security equipment market

Organisations Adopting Physical Security Equipment for Safeguarding their Personnel & Property

It has become pivotal for different institutions around the world to adopt physical security equipment on the back of surging threats related to physical damage and attacks. Various organisations from end-use sectors including transportation, commercial, utilities & energy retail, residential, government, manufacturing, education, healthcare and BFSI are adopting physical security equipment for safeguarding their property as well as personnel. The elevation in threats pertaining to terrorism across the globe has led the organisations and governments to spend more on latest and highly advanced security solutions, for ensuring safety of physical sites and people working there. Increasing incidences of espionage and thefts, particularly in banking sector and commercial buildings, are further driving adoption of physical security equipment worldwide.

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Key Insights from FMI’s Report on Global Physical Security Equipment Market

  • Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fastest-growing market for physical security equipment. By the end of forecast period, APEJ will become the second most lucrative region for growth of the market. Government agencies in APEJ are increasingly deploying physical security equipment in public and transportation security, especially in China and India. In addition, soaring IT sector, coupled with rapid industrialisation in APEJ countries will further drive the market growth.
  • Sales of physical security equipment in government vertical segment are projected to register the highest CAGR through 2022. In addition, although healthcare vertical currently accounts for relatively lower revenue share of the market, it will exhibit an impressive expansion over the forecast period. BFSI is expected to remain the second largest vertical in the global physical security equipment market.
  • Consumer video surveillance will continue to be the most attractive physical security equipment, followed by thermal cameras and wireless infrastructure. Revenues from consumer video surveillance, thermal cameras and wireless infrastructure will collectively account for nearly two-third share of the market throughout the forecast period.

Competitive Landscape

FMI’s report has listed key players that are actively operating in the global physical security equipment market, which include Montaplast GmbH, Valeo SA, The Chamberlain Group, Inc., Siemens AG, Bosch Security Systems, Inc., United Technologies Corporation, Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Axis AB, Hanwha Techwin Co., Ltd., Johnson Controls International Plc, and Schneider Electric SE.

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Market Taxonomy

Region

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

Security Equipment

  • Video Surveillance
  • Access Control
  • Intruder Alarms
  • Entrance Control
  • Consumer Video Surveillance
  • thermal Cameras
  • Wireless Infrastructure

Vertical

  • BFSI
  • Education
  • Healthcare
  • Government
  • Manufacturing
  • Retail
  • Residential
  • Transportation
  • Utilities & Energy
  • Commercial

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Artificial Intelligence Systems Spending Market 2022 Key Players, End User, Demand and Consumption by 2027

The global artificial intelligence systems spending market is estimated to be valued at US$ 11.7 Bn in the year 2017 and is slated to touch a value of US$ 516.2 Bn by the end of the year 2027, exhibiting a CAGR of 46.1% over the period of assessment (2017-2027).

The global artificial intelligence systems spending market is anticipated to soar with a staggering 46.1% CAGR throughout the projection period between 2017 and 2027. The coronavirus pandemic is benefit from the coronavirus outbreak as businesses are remodeling operations to allow employees to work from home. Further, increased spending on online communications and cloud technologies will generate lucrative opportunities during the pandemic.

“Automated shopping assistants, intelligent process automation, optimized purchase recommendations, and research and discovery initiatives in the pharmaceutical industry with AI-related technologies are highly popular applications that will support spending on AI systems for years to come,” states the FMI report.

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Artificial Intelligence Systems Spending Market – Key Takeaways

  • Banking solutions for artificial intelligence systems are gaining strong demand, owing to automated customer service, and fraud analysis applications.
  • Pharmaceutical research applications are likely to witness rapid growth aided by the recent spurt in growth of digital patient and formulation databases.
  • Asia Pacific is displaying major growth in artificial intelligence system spending, supported by investments in hardware and infrastructure for artificial intelligence development.

Artificial Intelligence Systems Spending Market – Critical Driving Factors

  • Growing use of artificial intelligence in ERP and manufacturing solutions and applications drive adoption rates.
  • Sustained investments into automated transport and logistics is a key factor contributing to revenues.

Artificial Intelligence Systems Spending Market – Major Constraints

  • Lack of adequate infrastructure to handle vast databases, setup processes, and manage workforce remains a key challenge to market players.
  • High capital required for artificial intelligence system development holds back market growth.

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The Anticipated Impact of Coronavirus

The covid-19 pandemic is likely to benefit the artificial intelligence systems spending market. This can be attributed to high investments in cloud and internet infrastructure, for remote working operations around the world during the pandemic. Centralization of corporate data during the crisis will help companies to build on AI capabilities. AI systems are being used to identify and track vulnerable populations, and generate warnings for potential outbreaks in the future. Further, these systems are proving useful in administration applications in healthcare facilities. Also, increased use of online shopping. However, concerns over privacy, bias and job loss will limit gains during this period.

Competition Landscape

Prominent developers in the artificial intelligence systems spending market include but are not limited to IPsoft Inc., Google Inc., Salesforce.com Inc., Microsoft Corp., Wipro Ltd., Facebook Inc., Infosys Ltd., IBM Corp., Intel Corp., Apple Inc., and Amazon.com Inc.

Artificial intelligence systems spending market players are widely investing in strategic acquisitions to bolster their AI capabilities, and expertise in AI development workforce.

For instance, in early 2020, Apple Inc., announced the acquisition of Xnor.ai for AI-based image recognition tools. Further Amazon has announced the acquisition of Zoox, a startup focused on AI-based autonomous driving developments. Similarly, Snap has revealed its acquisition of Ukraine-based AI-Factory for developing augmented reality functionalities.

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Market Taxonomy

By Industry Type

  • BFSI
  • Discrete & Process Manufacturing
  • Healthcare
  • Retail
  • Wholesale
  • Professional & Consumer
  • Service
  • Transportation
  • Media & Entertainment
  • Telecommunications & Utilities
  • Government
  • Education
  • Others (Construction, Resource Industries)

By Technology

  • Deep Learning
  • Machine Learning
  • Natural Language Processing
  • Machine Vision
  • AGI
  • ASI

By Market

  • Hardware
  • Software
  • Services

By Region

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

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LED Lights Market 2022 Key Players, SWOT Analysis, Key Indicators

The global LED lights market projects that the global LED lights market to rise at an impressive CAGR from 2017 to 2022 and is forecast to generate a revenue of US$66,115 Mn by the end of 2022.

The various product types in which LED lights are used are lamps and luminaries. Of these, lamps is projected to rise at a substantial CAGR during 2017-2022 to reach a worth of close to US$ 22,640 Mn by the end of 2022. By the end of 2017, the segment is estimated to account for over one-third of the total share of the products market. Of the various regional markets for LED lights, Asia Pacific excluding Japan (APEJ) is expected to lead the global market, vis-à-vis revenue, throughout the forecast period.

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Vast Energy Savings to Bolster Demand

World over, the pressing need for advanced lighting to get over the drawbacks of conventional technologies, notably incandescent, fluorescent and halogen lighting systems, is a vital factor that has propelled the demand for light-emitting diodes (LED) lights. The growing adoption LED lights is attributed to several advantages they offer such as higher energy-efficiency, extended lifespan, and lower maintenance requirements. The growing concern of a fast depleting non-renewable energy sources in various parts of the world is a key trend bolstering the demand for such energy-efficient technologies.  The decline in prices of lamps and fixtures in several developing and developed countries is a key trend further fortifying the demand of LED among facility managers.

The vast energy savings associated with LED lighting owing to directional lighting is a crucial aspect that has bolstered their uptake in a variety of outdoor applications, such as in traffic lights, large parking lot, extensive building perimeter, and massive signage. The growing popularity of LED lights among facility managers is expected to boost their uptake for industrial applications, thereby accentuating the overall market.

Competitive Landscape

Some the prominent players operating in the global LED lights market include Hyundai Mobis Co., Ltd., Magneti Marelli S.p.A., EPISTAR Corporation, Cooper Industries, LLC, Cree, Inc., General Electric Company, Nichia Corporation, Texas Instruments, Valeo SA, and Koninklijke Philips N.V. Other leading players are Stanley Electric Co. Ltd, Koito Manufacturing Co., Ltd, HELLA KGaA Hueck & Co, and OSRAM Licht AG, finds Future Market Insights (FMI). Several players are capitalizing on opportunities arising out substantial investments by end-use industries to install LED lighting on a massive scale in various developing and developed countries. A number of electronics companies are entering into the market while some semiconductor players are exploring lucrative avenues, which is expected to intensify the competition in the market. Furthermore,service providers as well as component manufacturers are expected to benefit from the vastly emerging opportunities in the market in the coming years, notes FMI.

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Adoption in Automotive Products to Create Lucrative Opportunities

Equipped with lower maintenance requirements and higher operational benefits, including durability and almost instant luminescence, LED lighting system is gaining traction in various commercial applications in various parts of the world. However, the lack of cold-temperature conditions and inclement weather might dim the intensity of the light in some outdoor applications. This is a key factor reducing the viability of these systems.

Nevertheless, advancements in solid state technologies will enable manufacturers get over these constraints in the coming years. The rising adoption of LED lights to replace conventional incandescent lights automotive products is expected to open up lucrative avenues for manufacturers. The advent of LED lights that combine style with safety features is expected to open up exciting avenues in the automotive industry. A burgeoning demand for smart lighting in exterior and interior automotive parts is likely to bolster uptake.

The study presented here is based on a report by Future Market Insights (FMI) titled “LED Lights Market: Luminaries to Dominate the Product type Segment throughout the Assessment Period: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022).”

LED Lights Market: Segmentation

Product Type

  • Lamps
  • Luminaries

Sales Channel

  • Modern Trade
  • Departmental Stores
  • Convenience Store
  • E-Commerce
  • Other Retail Format

Application

  • Residential
  • Office
  • Industrial
  • Shop/ Stores
  • Hospitality
  • Outdoor
  • Architectural

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Table Of Content

1. Global LED Light Market – Executive Summary

2. Global LED Light Market Overview

3. Global LED Light Market Analysis and Forecast By Product Type

4. Global LED Light Market Analysis and Forecast By Sales Channel

5. Global LED Light Market Analysis and Forecast By Application

6. Global LED Light Market Analysis and Forecast By Region

7. North America LED Light Market Analysis and Forecast, By Country, 2012-2022

8. Latin America LED Light Market Analysis and Forecast, By Country, 2012-2022

9. Europe LED Light Market Analysis and Forecast, By Country, 2012-2022

10. Japan LED Light Market Analysis and Forecast, By Country, 2012-2022

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Cloud Business Email Market Research Report 2022 – Global Forecast till 2027

The IT sector worldwide is seeing progressive changes attributable to the expansion of cutting edge and inventive technologies that are fuelling worldwide market development. The coming of the cloud in all aspects of the business has made it advantageous for enterprises to deal with their everyday business exercises, including business email solutions. Such technological progressions commonly first hit the IT sector in North America, making the region the leader of all innovations. The market for cloud business email in North America is ready to exploit the innovative progressions in the region and rise as the biggest regional market based on revenue contribution to the worldwide market. A few organizations have begun actualizing the G-suite with add-on AI highlights to provide enhanced conveyance of enterprise email in an offer to draw in consumers.

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In the previous few years, financial establishments all over Europe have been fast in the reception of hosted cloud services transversely public clouds to guarantee expedient speedy financial services delivery in an offer to meet changing sector and consumer needs with more productivity and more noteworthy ease of security concerns. This is altogether adding to the revenue development of the Europe cloud business email market.

cloud-business-email-market

Developing acceptance of cloud email with AI: Business ventures in North America progressively use cloud email solutions to deal with their everyday assignments. A few organizations have begun actualizing the G suite with add-on AI attributes to provide enhanced conveyance of enterprise email in an offer to pull in consumers. The G suite including man-made AI offers endeavor specialized tools, for example, word processing docs and hangouts that help enhance work efficiency. This aspect is boosting the regional market for cloud business email solutions.

Expanding implementation of hosted cloud services by financial institutions: Across North America financial foundations have been brisk in the acceptance of hosted cloud services all over public clouds to guarantee quick conveyance of financial services in an offer to meet evolving industry and consumer demand with more effectiveness and more noteworthy ease of security concerns. This is fundamentally adding to the revenue development of the North American market.

After APEJ, Western Europe and North America would be essentially higher development markets in the worldwide market for cloud business email. The Western Europe market would record steady incremental prospects of US$ 498.5 Million during 2017-2027 whereas APEJ will record incremental prospects of US$ 823.2 Million amid the assessment time frame.

Key Takeaways from Market Study

  • The solution provider is incessantly centering on carrying out the G suite with add-on AI features to provide enhanced delivery of enterprise email in an offer to pull in users.
  • Illegal intrusions, increasing cyber threats, and data security issues, which is the foremost challenge for the worldwide market.
  • The mainframe, UNIX, Linux, Windows, and others, these are functioning environment catered for the market.
  • The rising acceptance of BYOD technology in business enterprises is a foremost prospect for the worldwide market.

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“Cloud service providers continuously focuses on manage email application solutions and services to help enterprises secure their custom email accounts accessed by employees through BYOD technology, such factors increasing demand for cloud business email market,” Says the FMI Analyst

Increasing Adoption of Cloud Business Email Solution amid the COVID-19 Pandemic outbreak

Nowadays, the COVID-19 crisis around the world showed that several organizations need to ensure they can work from anywhere, anytime, and creating greater urgency to adopting all forms of cloud. During this COVID-19 crisis, office-based employees have become remote workers. Cybercriminals can take advantage of distracted employee web browsing behavior and email behavior. As a result of COVID-19, Cybercriminals are also taking advantage of extensive discussion of the outbreak in cloud business emails and across the web. There continues steady growth in the number of COVID-19-related spear-phishing attacks, up 67% since the end of March. Increasing adoption of cloud business email solution with artificial intelligence to detect signs of malicious intent and deception with every email.

Increasing Demand of Hosted Cloud Services by Financial Institutions

Financial institutions across the globe have been quick in the adoption of hosted cloud services across public clouds to ensure speedy delivery of financial services in a bid to meet changing industry and customer demands with more efficiency and greater ease of security concerns. This is significantly adding to the revenue growth of the cloud business email market.

More Valuable Insights on Cloud Business Email Market

FMI’s report on the cloud business email market is segmented into three major sections such as operating environment (windows, Linux, Unix, Mainframe, and others), verticals (BFSI, healthcare, media & entertainment, IT & telecom, energy & power, automotive, consumer goods & retail, and others), and region to help readers understand and lucrative evaluate opportunities in the cloud business email market.

Key Questions Answered in the Report

  • What is the anticipated market value of the global cloud business email market?

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Electronic Wipes Market is expected to grow at a CAGR of Approximately Over 2022-2028

Electronic Wipes Market Outlook

The electronics industry is one of the major industrial sectors in the global economy. It includes a wide range of different manufacturing products and processes. The most notable products in the electronics industry are consumer goods such as computers, smartphones, televisions, and others. The electronics industry is a diversified sector, which is rapidly growing due to the development of novel technologies along with customers are shifting towards electronic devices and services. However, with daily use of electronic devices such as smartphones, tablets, computers, and others accumulate dust and fingerprints which makes their displays hard to read. Companies are developing anti-bacterial electronic wipes to keep devices functional and flawless as well as to maintain germ-free devices. Electronic wipes are soft wet wipes made of non-abrasive material explicitly developed for cleaning electronic surfaces. Electronic wipes help in cleaning mobile phones, televisions, computers, car electronics and screens, cameras, and others. The new electronic wipes are developed to be fingerprint resistant, free from chemical additives, anti-static, and with others unique features that allow one to see the display more clearly and looks new again.

Reasons for Covering Electronic Wipes Market Title

Increasing proliferation of electronic devices, consumers are demanding for natural and eco-friendly electronic wipes to minimize landfills, and rising consumer spending will encourage the use of higher value, and more task-specific electronic wipes are the factors influencing the growth of the electronic wipes market in the near future. Consumers are increasingly incorporating electronic wipes into their daily routines, as consumers are using touch screens devices such as tablets, smartphones, and other electronic devices which get dirtier much quickly. Additionally, growing electronics industry, the rise in product premiumization trend to have a more competitive advantage against more traditional products, and accelerating adoption of electronic products among adult population are some other factors fueling the growth of the electronic wipes market during the forecast period.

Global Electronic Wipes Market: Key Players

Some of the key players operating in the global electronic wipes market are Antec, Inc., S. C. Johnson & Son, Inc., iCloth Company, The 3M Company, Weiman Products, LLC, Norazza, Inc., Staples, Inc., 2XL Corporation, Georgia-Pacific Consumer Products LP, Essentra PLC, Tech Spray, L.P., Falcon Safety Products, Inc., and others.

Frequently launch of new electronic wipes, new product development by incorporating natural ingredients and materials among existing products, and consumers are demanding for multi-functional products for specific applications are some of the leading factors driving the growth of the global electronic wipes market. Moreover, companies are offering electronic wipes with unique features such as alcohol & ammonia free, no chemical additives, fingerprint resistant, anti-static, and others are expected to grow the electronic wipes market during the forecast period.

Opportunities for Global Electronic Wipes Market Participants

Companies’ focuses on adopting marketing strategies to increase their market penetration in developing countries, introducing reusable electronic wipes, changing consumer buying behavior due to increasing requirements, and growing concerns regarding cross-contamination are the factors due to which electronic wipes market revenue is expected to grow at a rapid growth rate, over the forecast period. Moreover, in the competitive electronics business environment, manufacturing companies are a focus on to enhance their market share and presence through offer innovative with improved product quality at low cost as well as higher performance. To meet this growing market demand for smaller, thinner, and less expensive electronic devices, the electronic manufacturing industry has been shifting from Europe towards Asia Pacific region which is developing as the industry’s primary manufacturing sites. This shift in the electronics manufacturing industry will create an opportunity for electronic wipes companies to increase their market presence in developing countries such as India and China.

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Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the type, application, and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on: 

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Indication
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Electronic Wipes: Market Segmentation

On the basis of product type, the global electronic wipes market has been segmented as –

  • Presaturated Wipes
  • Nonwoven Dry Wipes
  • Woven Dry Wipes
  • Knit Wipes
  • Others

On the basis of material, the global electronic wipes market has been segmented as –

  • Cotton
  • Poly/Cellulose
  • Polyester
  • Nylon
  • Others

On the basis of the end user, the global electronic wipes market has been segmented as –

  • Residential
  • Commercial

On the basis of sales channel, the global electronic wipes market has been segmented as –

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Online Stores
  • Independent Small Stores

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Augmented Reality and Virtual Reality Market 2022 | Present Scenario and Growth Prospects 2025

Future Market Insights has recently published a report on “Augmented Reality and Virtual Reality Market – Global Industry Analysis & Forecast, 2017-2025”. The global augmented reality and virtual reality market was valued at US$ 5,176 Mn in 2016 and is expected to register a CAGR of 42.2% between 2017 and 2025. Technology companies, especially, the gaming companies are focusing on increasing investments and are driving the growth of the global Augmented Reality and Virtual Reality market.

Virtual Reality creates a digital environment that replaces the user’s real-world environment. Virtual Reality is primarily used in gaming and entertainment applications. Augmented Reality overlays digitally-created content into a user’s real-world environment. For instance, Augmented Reality can be used to project sales and inventory data onto products on store shelves.

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In recent times, Augmented Reality and Virtual Reality market coming together to impact businesses and enterprises. Most of the businesses, nowadays, have transformed into digital Augmented Reality and Virtual reality, customers find it convenient to use digitized products. Reciprocating to this rise in digitalization and more customers getting engaged in online activities, retailers are looking for ways to leverage their digital presence.

Global Augmented Reality and Virtual Reality Market: Overview, Analysis, & Forecast

The global augmented reality and virtual reality market is segmented by device type, technology, end user, application and component. The component segment has been further categorized into hardware, software and services. The hardware segment has been categorized into these sub-segments: display, processor, sensors, user interface ICs, power management ICs and others. The Sensors sub-segment is anticipated to register a CAGR of 50% during the forecast period.

On the basis of technology, the global augmented reality and virtual reality market has been segmented into augmented reality and virtual reality. The virtual reality segment registered highest market share and was valued at US$ 3,498 Mn in 2016 globally. Further, the adoption rate of AR & VR in gaming is increasing rapidly and is responsible for the growth of the segment in the overall market. However, the virtual reality segment is expected to register a stable CAGR of 40.5% during the forecast period.

On the basis of devices, the global augmented reality and virtual reality segmented into head mounted display, handheld devices, head-up display, smartglasses and others. The head mounted display segment accounted for a CAGR of 44% during the forecast period. Head mounted display segment also accounted for highest market share in 2016 and was valued at US$ 4,156 Mn in 2016 in the overall devices segment.

On the basis of end-user, the global augmented reality and virtual reality market is segmented into consumer and commercial. The commercial segment accounted for a CAGR of 46% during the forecast period. In 2016, the consumer segment accounted for the highest market share and represented a valuation of US$ 3,099 Mn.

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On the basis of application, the global augmented reality and virtual reality market is segmented into gaming, media & entertainment, real estate, retail, education, engineering, healthcare and others. The gaming segment accounted for a CAGR of 45% during the forecast period. Gaming segment held the largest market share in 2016 and was valued at US$ 1,997 Mn in 2016.

Key Segments Covered in the Augmented Reality and Virtual Reality Market are :

By Technology Type

  • Augmented Reality
  • Virtual Reality

By End-user Type

  • Commercial
  • Consumer

By application

  • Gaming
  • Media & Entertainment
  • Real Estate
  • Education
  • Retail
  • Healthcare
  • Engineering
  • Others

By Device

  • Head Mounted Display
  • Handheld Devices
  • Head-up display
  • Smartglasses
  • Others

By Component

  • Hardware
  • Software
  • Services

Key Regions covered:

  • North America Augmented Reality and Virtual Reality Market
  • Latin America Augmented Reality and Virtual Reality Market
  • APAC Augmented Reality and Virtual Reality Market
  • Europe Augmented Reality and Virtual Reality Market
  • Middle East & Africa Augmented Reality and Virtual Reality Market

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The report also covers trends driving each segment and offers analysis and insights regarding the potential of Augmented Reality and Virtual Reality market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted for the largest market share in 2016 owing to the increasing adoption of AR & VR in gaming in countries, such as the U.S. and Canada. Countries, such as GCC, China and Japan, in Asia Pacific region offer greater potential, which will drive the growth of the global augmented reality and virtual reality market in the region. MEA and Asia pacific region is expected to register healthy CAGR during the forecast period.

Key competitors in the Augmented Reality and Virtual Reality market are Vuzix Corporation, Samsung Electronics Co. Ltd, Microsoft Corporation, Google Inc., EON Reality Inc., Oculus VR, LLC, Magic Leap, Inc., DAQRI LLC, Blippar.Com Limited and Osterhout Design Group, Inc. (ODG).

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Electric Soap Dispenser Market is expected to grow at a CAGR of Approximately Over 2022-2028

Electric Soap Dispenser Market Outlook

One of the most effective key factors that support people to live in a healthy environment is personal hygiene. Personal hygiene and health environment keep people safe and away from various diseases and illness. Thus, it is necessary to be hygienic in the environment. One essential fact to be hygienic is washing the hands, as people do multiple things with their hands and it is necessary to wash them after doing activities. However, washing hands with regular soap will not protect from the disease completely. So, to gain complete protection from germs and harmful bacteria, electric soap dispenser are used. There are various automatic soap dispenser products available in the market, among them, the electric soap dispenser is one of the significant product to keep you hygienic. The electric soap dispenser works automatically with the help of sensors and dispenses the liquid soap. The electric soap dispenser enables the consumer to kill the bacteria in the hands without touching the soap dispenser and thus helps you to be clean.

Reasons for Covering Electric Soap Dispenser Market Title

Growing health consciousness among people, expanding infra-red sensor technology, a rise in the online retail channel for personal care products, and rising income levels are the factors influencing the growth of the electric soap dispenser market in the near future. Additionally, electric soap dispenser has unique features such as dispense the liquid soap efficiently and accurately, has the volume control feature to adjust quickly with buttons, and innovative silicon valve that enables the consumer to avoid messy drops are some other factors fueling the growth of the electric soap dispenser market during the forecast period. However, availability of alternative soap dispenser products in the market coupled with high price compare to regular soap dispenser may hamper the growth of electric soap dispenser market during the forecast period.

Global Electric Soap Dispenser Market: Key Players

Some of the key players operating in the global Electric Soap Dispenser market are Simplehuman Company, Euronics Industries Pvt. Ltd., GOJO Industries, Inc., BAFX Products Company, Philippe Taglioni Company, American Specialties, Inc., Nivahome Company, PerPik Company, Rubbermaid Commercial Products Company, Palmer Fixture Company, Umbra Company, and others.

Global Electric Soap Dispenser Market: Key Developments

  • In November 2018, PerPik Company introduced new premium quality touch-free electric soap dispenser for kitchen and bathroom sinks, a remarkable amenity that creates washing up a desire, due to growing consumer demand for luxury and convenience home accessories.

Expanding middle-class aspirational spending and preference for higher quality products lead to premiumization trend is one of the leading factors driving the growth of the global electric soap dispenser market. Intense innovation activities by electric soap dispenser manufacturers resulting in new product development coupled with consumers are focusing on health, wellness, and personal grooming drives the global electric soap dispenser market. Additionally, the upsurge in the demand of electric soap dispenser from emerging markets due to large consumer base demanding for hygiene products increased market penetration of international brands through the advent of multinational companies in developing countries, and expanding usage of combination products is expected to grow the electric soap dispenser market during the forecast period.

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Opportunities for Global Electric Soap Dispenser Market Participants

Factor such as expanding digitalization which enables greater product awareness and easy access to brands through e-commerce channels attributed to the growth of electric soap dispenser market revenue which is expected to grow at a rapid growth rate, over the forecast period. Moreover, changing consumer behavior and shifting shopping expectations as well as experiences from traditional sales channels towards online and specialty retailers are the primary factor accelerating the growth of the electric soap dispenser market.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the type, application, and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on: 

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Indication
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Electric Soap Dispenser: Market Segmentation

On the basis of material type, the global electric soap dispenser market has been segmented as –

  • Plastic
  • Nickel
  • Bronze
  • Stainless Steel
  • Silver
  • Chrome
  • Others

On the basis of sales channel, the global electric soap dispenser market has been segmented as –

  • Store-Based Retailing
  • Hypermarkets/Supermarkets
  • Discount Stores
  • Convenience Stores
  • Specialty Stores
  • Independent Small Groceries
  • Online Retailer
  • Company Websites
  • 3rd Party Websites

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Disposable Contact Lenses Market is expected to grow at a CAGR of Approximately Over 2022-2028

Disposable Contact Lenses Market Outlook

Over the last 100 years, consumers are using contact lenses to neutralize refractive errors as well as to optimize visual acuity. Contact lenses can be an excellent option for people who are interested in an alternative to glasses or seeking to wear contact lenses during sports activities or festivals. Nowadays, disposable contact lenses are extremely popular. Disposable contact lenses are considered to be an alternative to hard lenses as they tend to be more comfortable, far superior in wearability, and last longer. Contact lenses are also prescribed by a licensed optometrist to help people how to get the full benefit of contact lenses coupled with reducing the chances of developing visibility problems. The key trend in the market is changing lifestyle needs specifically shifting to a digitally led life. Various research studies show that more than half of all millennials use digital devices more than 9 hours a day. Thus, this shifting in the consumer behavior brings new requirements for the disposable contact lenses owing to constant re-focus on digital devices can lead to eyes dryness, tiredness, and redness. Companies are focusing on addressing these needs and introducing novel disposable contact lenses to deliver the best possible customer experience.

Market Title

Expanding trend of color lenses to improve or change eye color, increase in prevalence of visual deficiencies such as astigmatism, presbyopia, myopia, hyperopia coupled with a rise in eye health conscious people as well as accelerating contact lenses industry worldwide are the factors influencing the growth of disposable contact lenses market in the near future. Additionally, technological advancement such as silicone hydrogel based disposable contact lenses, expanding research and development activities, introduction of novel products with innovative features sharp vision, durability, permeability, lightweight, and others, and growing geriatric population globally are some other factors fueling the growth of disposable contact lenses market during the forecast period. However, side effects associated with disposable contact lenses such as discomfort, dryness, red eyes, eye infections, and others along with government regulations may hamper the growth of disposable contact lenses during the forecast period.

Global Disposable Contact Lenses Market: Key Players

Some of the key players operating in the global disposable contact lenses market are The Cooper Companies, Inc., Novartis International AG, Johnson & Johnson, Bausch Health Companies Inc., Blanchard Lab, ZEISS International, Alcon Company, Hoya Corporation, and others.

In June 2016, Alcon Company introduced two new disposable contact lenses namely ‘Dailies Total1-multifocal’- water gradient daily disposable contact lenses and ‘AIR OPTIX plus HydraGlyde’  to expand its product portfolio. The built-in water gradient new disposable contact lenses deliver comfort to customers even after a full day of wear.

Among design segments, the toric design is expected to expand at a significant CAGR in the disposable contact lenses market during the forecast period owing to its ability to correct astigmatism problems. On the basis of usage, daily disposable contact lenses are booming due to positive patient feedback as they are most comfortable, convenient, and healthiest options for them. Additionally, consumers are demanding for fashion accessories for aesthetic appearance of eyes, expanding digital technology integration, and rise in adoption of contact lenses attributed to increase in demand for disposable contact lenses are some of the leading factors driving the growth of the global disposable contact lenses market.

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Opportunities for Global Disposable Contact Lenses Market Participants

Various prominent players in disposable contact lenses market are entering into developing countries to expand their market footprints and cater to the untapped market coupled with increasing use of cosmetic disposable contact lenses in the entertainment and media industry are the factors due to which disposable contact lenses market revenue is expected to grow at a rapid growth rate, over the forecast period. Moreover, various small and medium-sized contact lenses manufacturers are frequently producing more specialized lenses are also expanding their distribution channel and supply globally which lead to the popularity of contact lenses globalization trend is the primary factor accelerating the growth of the disposable contact lenses market.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the type, application, and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market
Global Disposable Contact Lenses: Market Segmentation

On the basis of product type, the global disposable contact lenses market has been segmented as –

  • Corrective
  • Cosmetic Lens
  • Prosthetic Lens
  • Therapeutic Lens

On the basis of design, the global disposable contact lenses market has been segmented as –

  • Toric
  • Spherical
  • Bifocal
  • Multifocal

On the basis of material type, the global disposable contact lenses market has been segmented as –

  • Hydrogel
  • Polymers

On the basis of usage, the global disposable contact lenses market has been segmented as –

  • Daily
  • Weekly
  • Monthly
  • Yearly

On the basis of the distribution channel, the global disposable contact lenses market has been segmented as –

  • Optical Stores
  • Multi-Brand Stores
  • Independent Brand Stores
  • Online Retailer
  • Others

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Energy Management System Market 2022 Development Status, Competition Analysis, Type and Application 2025

According to a recent market report published by Future Market Insights titled, “Energy Management System Market – Global Industry Analysis 2012 – 2016 & Opportunity Assessment, 2017 – 2025”, the global energy management system market was valued at US$ 6340 Mn in 2016, and is expected to register a CAGR of 14.8% from 2017 to 2025. The increasing demand for energy management solutions in the commercial sectors, augmented energy prices, continuous increase in regulatory obligations and industry guidelines, strengthening company brand value and reputation, and vendors capitalizing on adoption of emerging technologies such as mobility, cloud, big data, are the major factors expected to drive the growth of the global energy management system market.

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The energy management system measures and reviews the results of energy efficiency improvements. The energy management system helps to structure energy policy of the company, which supports the development of an energy policy and contributes to the structure of an energy plan to achieve targets. The energy management system also facilitates engagement (commitment and agreement) of management and has a positive contribution towards the energy targets. All the resource-intensive industries utilize significant amount of raw materials, water and energy resources, thus leading to a large amount of solid waste, effluents, and emissions. These industries are often subject to numerous global and local regulations, along with several plant level geography compliance. In order to comply with these stringent regulations,enterprises are adopting energy  management system  and are employing various methodologies, such as product lifecycle assessments, carbon & energy footprint analysis, and devising processes to ensure a sustainable and eco-friendly supply chain, to cater to these requirements.

global energy management system

The energy management system creates awareness and a commitment about energy, i.e., consumption, use, efficiency, renewable sources within the organization. The energy management system improves the ability of organizations to manage energy risks and their possible impacts in an efficient way, and strengthens the competitiveness of organizations and reduces their vulnerability with respect to energy price fluctuation and availability of energy.

The global energy management system market is categorized on the basis of deployment, vertical and software. On the basis of deployment, the market is segmented into on-premise and cloud-based. The on-premise sub-segment was valued US$ 3,931.8 Mn in 2016. However, the cloud-based sub-segment is projected to register a high CAGR of 18.9% during the forecast period.

On the basis of vertical, the global energy management system market is segmented into automotive, building automation, oil & gas, manufacturing, pharmaceutical, utilities & energy and others. The oil & gas sub-segment accounted a high market share and was valued at US$ 1,727.7 Mn in 2016. However, the building automation sub-segment is expected to register a healthy CAGR of 17.3% during the forecast period.

On the basis of software, the global energy management system market is segmented into utility energy management, industrial energy management, enterprise carbon and energy management, and residential energy management. Enterprise carbon and energy management segment accounted a high market share and was valued at US$ 2,257.0 Mn in 2016 and registered a CAGR of 17.0%.

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The report analyses the trends driving each segment and offers analysis and insights regarding the potential of the energy management system market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted a large share of 38.3% in the global energy management system market in 2016. Asia Pacific is expected to have a high CAGR of 17.2% during the forecast period.

Examples of some of the key competitors in the energy management system market are International Business Machines Corporation, C.A Technologies, Schneider Electric SE, Eaton Corporation PLC, Cisco Systems, Inc., Siemens AG, Honeywell International, Inc., Asea Brown Boveri (ABB) Ltd., General Electric Company, and Emerson Electric Co.

Vendors capitalizing on the adoption of emerging technologies such as mobility, cloud, big data, and analytics

Traditionally, there were limited IT applications in the market for environment, safety, risk, and product stewardship. Organizations used internal solutions or adopted point solutions, which could not be integrated with other applications.

However, with growing complexity and stringent regulatory environments, homegrown IT and the various solutions that were initially developed for energy management and associated tasks, were unable to provide the desired results.

Dedicated energy management software in conjunction/combination with advanced technology is playing a pivotal role in addressing the energy management needs. These services include resource management, waste management, reporting and compliance, and supply chain sustainability. Demand for such robust management systems to ensure efficient compliance for regulatory purposes, which vary across geographies, has been witnessing an upsurge recently.

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