Market Research Blog – Page 1394 – New Product Development

Utility Asset Management Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The utility asset management business is expected to be influenced by increased energy consumption, which is being supported by an increase in the number of residential and commercial facilities worldwide. In addition, an increasing number of governments in emerging and developing countries throughout the world recognize the importance of utility asset management. The solution is a strategic infrastructure investment that is projected to help preserve the power grid network over time while also reducing losses caused by a lack of regular repair and maintenance.

The continual rise of businesses such as chemicals, automobiles, petrochemicals, and fertilizers is predicted to increase demand for power and need effective maintenance of many components of an electrical grid.

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Key Highlights of the Utility Asset Management Market:

The United States utility asset management industry is projected to lead the market over the forecast period. The market growth can be attributed to the deregulation of the electric industry.
China utility asset management industry is estimated to grow at a significant rate in the next ten years. The regional growth of the market can be ascribed to the upgradation of power transmission and distribution infrastructure.
On the basis of type, the private utility segment is projected to maintain its dominance market-wide. Extensive electricity networks of private companies and a surge in investments to transform the grid to minimize power outage issues are anticipated to foster segment growth.
Based on components, the software segment is expected to reign the market in terms of value. The high demand for software to cater to the mounting demand for mobile and remote detection, diagnostic tools, and inspection in vast networks is projected to uplift the prospects for this segment.

New Market Updates Shaping Utility Asset Management Market

In April 2021, ABB introduced speedy, sensitive drone-based gas leak detection and GHG gas measuring system. The company has launched HoverGuard, which helps revolutionize the capabilities of safety and environmental measurement for technicians of pipelines having the length of millions of kilometers. This new addition to the ABB Ability Mobility Gas Leak Detection System addresses the leaks fast and reliably.

In February 2022, Eaton united with LG Electronics to deliver flexible load management for applications in distributed renewable energy. With this collaboration, Eaton has incorporated its smart power management technology, such as its EV chargers and smart circuit breakers, with the LG power management solutions and LG ThinQ Energy mobile app to facilitate power management load.

In September 2020, GENERAL ELECTRIC came into a contract with BKK, a Norwegian power company, to employ its virtual solutions of Asset Performance Management (APM) to back the digital evolution of BKK. Post the implementation, BKK used Asset Performance Management (APM) of GENERAL ELECTRIC under an agreement of an initial five-year license to boost the digital transformation of operations and maintenance practices of BKK across a fleet of 30 hydroelectric power stations with the capacity of 1.6 GW.

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Key Market Segmentation

By Type:

Public Utility
Private Utility

By Component:

Hardware
Software
Services

By Application:

Electric
- Substations
- Transformers
- Transmission and Distribution Lines
Gas
Water

By Regions:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Explosive Growth in Anti-Money Laundering (AML) Market: From $3.18 Billion in 2023 to $16.37 Billion by 2033

The anti-money laundering (AML) industry is expected to grow to $16.37 billion by 2033, up from $3.18 billion in 2023. Anti-money laundering (AML) sales are expected to increase at a significant CAGR of 17.8% during the forecast period.

The increase in sophisticated cyberattacks and money laundering cases throughout the world are major drivers of the industry. Cybercriminals use company design vulnerabilities to conduct ransomware and fraud assaults, which are effectively blocked by AML software-enabled systems.

The expansion of the anti-money laundering market is also being driven by the advent of security solutions integrated with the Internet of Things (IoT), machine learning (ML), big data analytic tools, and cloud-based solutions. In order to track financial data and forecast risks and uncertainties, organizations are implementing cutting-edge technology with increased compliance capabilities.

The introduction of Know Your Customer (KYC) technology is another factor promoting industry expansion. KYC is the process of verifying users’ identities, limiting unauthorized access, and averting financial losses brought on by shady dealings.

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Significant advancements in the information technology (IT) sector and other reasons, such as the adoption of supportive governmental policies for routinely monitoring and managing criminal activity, are also anticipated to fuel market growth.

Key Takeaways from Market Study

Due to increasing penetration across numerous industries, it is predicted that the transaction monitoring solution category is estimated to increase at a CAGR of more than 10% throughout the analysis period.
Professional services represented a sizeable market share of over 60% in the service category in 2020, and it is anticipated that they are estimated to grow steadily throughout the projection period. Segmental growth is projected to be aided by the rising need for deployment, consultancy, integration, and maintenance services.
Due to the increasing use of Platform-as-a-Service (PaaS) or Software-as-a-Service, the managed services segment is expected to have positive growth by 2027, registering a CAGR of more than 15% throughout the assessment period.
Due to the expanding e-commerce industry, the Latin American anti-money laundering market is predicted to expand at a CAGR of about 15% throughout the study.
In 2020, the Middle East & Africa market accounted for over 5% of total revenue and is anticipated to expand gradually during the ensuing years. In the upcoming years, it is anticipated that the region’s growing use of big data analytics may accelerate market adoption.

Manufacturers are Focusing on Acquisition Techniques

The leading anti-money laundering software providers are concentrating on employing merger and acquisition techniques to increase their global reach. Aside from that, key firms are spending money on software to use AI and machine learning technologies for growth and improving operational efficiency. To increase their market share, the companies are looking to buy small, regional businesses. For example,

In August 2022, Ondato and Hawk AI, a platform for the detection and investigation of money laundering, teamed to deliver an integrated KYC validation process, transaction monitoring for AML, and behavioral analytics suite.
March 2022 – A cooperation between BAE Systems Digital Intelligence and the University of Nottingham Malaysia is likely to look into how unsupervised machine learning may be used to identify previously unidentified danger, sometimes known as ‘missing risk,’ in the context of financial crime. The team may initially concentrate on three use cases: identifying shell firms, assessing the risk associated with cryptocurrencies, and detecting human trafficking.
Bangkok Bank Limited (BBL) has implemented a solution as a part of an anti-money laundering (AML) compliance program created with SAS and utilizing SAS Anti-Money Laundering as of November 2021. The 300 branches of Bangkok Bank Limited (BBL) are integrated and the AML processes are consolidated using this solution.

Given Below are the Anti-Money Laundering (AML) Market Segments

By Solution:

Customer Identity Management
Compliance Management
Currency Transaction Reporting
Transaction Monitoring

By Service:

Professional Service
Managed Service

By Deployment Model:

On-premise
Cloud

By Organization Size:

Large Enterprises
SMEs

By Application:

BFSI
IT & Telecom
Government & Public Sector
Healthcare
Retail
Transportation & Logistics

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

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Wealth Management Platforms Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

The wealth management platform market is estimated to grow at a CAGR of 10.0% over the forecast period. The wealth management platform market is expected to grow from $3.3 billion in 2023 to $8.56 billion in 2033.

Global digitization is accelerating, which is boosting the market outlook. The wealth management platform enables businesses to get insights and make better decisions, resulting in increased production and profitability.

The market expansion is being supported by the widespread usage of products in trading and exchange organizations to successfully manage large numbers of customers, understand the financial portfolio process, and access trading accounts.

A boost to the market’s expansion is being given by several technical developments, such as the introduction of digital wealth management platforms that give financial firms access to new integrated tools and data-driven analytics.

Artificial intelligence (AI) is being integrated to efficiently manage investment preferences, and offer individualized and carefully curated advice for clients, which is positively boosting the market growth.

The market for wealth management platforms is expected to expand as a result of increasing smartphone saturation, technological advancements, increased use of and interest in smart gadgets, and other factors.

Wealth management solutions may also help HNWIs better structure their wealth management objectives by using a variety of analytical methodologies. Modern advising technology adoption is gaining traction.

For instance, the HNI and UHNWI categories in India have increased dramatically in the preceding decade, fuelling demand for wealth management services, according to a September 2021 report from the India Brand Equity Foundation (IBEF).

Key Takeaways from Market Study

The big market share for wealth management platforms is held by North America and with a revenue share of US$ 1.0 billion in 2022. In North America, wealth management services are increasingly important for attracting and keeping successful retail customers.

During the prediction period, it is predicted that Asia Pacific is likely to expand significantly with a rate of 8.4% due to the region’s growing use of digital platforms, and economic consultants are expected to have strong job chances.

In 2032, the wealth management platform market in Europe is estimated to account for 20% of total revenue. This expansion needs to be aided by wealth managers’ adoption of Environmental, Social, and Governance (ESG) frameworks into their investment strategies. As the need for AI-enabled investment solutions increases, banks, wealth managers, and other financial institutions throughout the area are implementing wealth management platforms.

In 2022, the end-user segment for banks accounted for 30% of the market share for wealth management platforms. Due to high-net-worth professionals’ demand for a better customer experience and individualized care, wealth management platforms are growing in popularity.

The asset management sub-segment of the service type sector is predicted to earn the most income over the projection period, followed by financial planning, tax planning, estate planning, and others. By 2028, the asset management market is expected to generate revenues of US$ 224.92 billion, up from US$ 142.35 billion in 2020, with a 7.2% CAGR.

Competitive Landscape

The market participants plan to increase the size of their customer bases by acquiring new clients, growing their current clientele, releasing new products, expanding their technological leadership through ongoing R&D investments, and expanding internationally through partnerships and collaborations.

Latest Developments in the Wealth Management Platform Market

To transform its core banking systems and support the bank’s expansion plans in the United States, BMO Harris Bank expanded its partnership with FIS, a provider of financial service technology, in June 2021.

In January 2021, D-fine and Avaloq worked together to implement and upgrade projects in Switzerland and Germany by utilizing D-strong fine’s technical capabilities and in-depth knowledge of banking regulation.

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Key Companies Profiled

SS & C Technologies, Inc.
Fiserv Inc.
FIS
Profile Software
Broadridge Financial Solutions, Inc.
InvestEdge, Inc.
Temenos Headquarters SA
InvestCloud
SEI Investments Company
Comarch SA
Dorsum Limited
Avaloq Group AG

Key Segments Covered in the Market Report

By Advisory Mode:

Human Advisory
Robo Advisory
Hybrid
By Deployment Model
On-premise
Cloud

By Application:

Financial Advice & Management
Portfolio
Accounting & Trading Management
Performance Management
Risk & Compliance Management
Reporting

By End-use:

Banking Investment Management Firms
Trading & Exchange Firms
Brokerage Firms

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Contract Logistics Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

The contract logistics industry is expected to expand from $544.98 billion in 2033 to $282.27 billion in 2023. Between 2023 and 2033, the demand for contract logistics is predicted to expand at a 6.8% CAGR due to many factors.

The contract logistics industry is being driven primarily by government efforts to encourage economic diversification, which have resulted in infrastructure development, digitization, and industrialization, as well as rising foreign direct investment and the explosive expansion of the e-commerce sector.

The growing need for cost-efficient and technology-integrated supply chains, as well as the focus on core competencies in the manufacturing sector, are all contributing to the rise of the contract logistics business. The integration of artificial intelligence, IoT, and novel technologies in the sector is expected to boost market growth and reduce logistical costs.

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The use of cloud-integrated logistics management software is also increasing owing to its capacity to provide real-time tracking and inventory updates, precise monitoring of product life cycles, and real-time accuracy. Furthermore, cloud-based logistics software is scalable to suit the needs of contract logistics industry participants and has the ability to redirect missing consignments.

Over the past two decades, inventive logistic robotic companies have worked hard to incorporate AI and machine learning, better sensors and reaction times, warehouse management software, and logistics management software. The supply chain has recently seen an increase in warehouse automation. Huge amounts of money and investment have been given to the sector. While Google invested $500 million in JD’s automated logistics, Alibaba invested $15 billion in robotic logistics infrastructure. The demand for warehouse robotics in the supply chain is anticipated to reach $22.4 billion by the end of 2021.

Key Takeaways from the Contract Logistics Market:

With a projected value of US$ 832.5 billion through 2033, the United States is expected to hold a 20.5% share of the North America contract logistics industry in 2022.
Germany is likely to account for 4.1% of the global contract logistics industry in 2022. In 2022, the German contract logistics industry is expected to be worth US$ 142.9 billion.
The contract logistics industry in Japan is expected to be worth US$ 325 billion in 2022 and to grow at a strong CAGR of 7.56% during the forecast period.
Outsourcing is expected to dominate the market throughout the forecast period, accounting for more than 60% of revenue share in 2022.
Distribution management also provides a competitive advantage over other contract logistics services, allowing it to capture more than 59.5% of the market in 2022.
During the forecast period, retail and e-commerce are expected to dominate the market, with a combined market share of around 70%.

Who is Winning?

The contract logistics industry is a constantly changing sector of the logistics industry, with increased competition and a diverse range of product innovations propelling the market forward. Contract logistics providers are constantly innovating and introducing new solutions, products, and services to meet the demands of their customers. Automation, the Internet of Things (IoT), and big data analytics are among the industry’s most important trends, allowing providers to increase efficiency, lower costs, and provide more value to customers. Key players are frequently focused on providing end-to-end solutions, whereas the smaller players are usually focused on specific services, such as warehousing or transportation.

Recent Developments in the Market:

Penske and Röhlig Logistics established a brand-new joint venture company, Rohlig Penske Logistics GmbH, in January 2022. The joint venture included 55,000 square meters of additional warehousing, transport management operations, and e-commerce logistics, with plans to expand further across Europe.
The e-commerce behemoth Mercado Libre acquired a minority stake in Kangu, a Brazilian logistics startup, in September 2020. This was done to boost e-commerce and allow small retailers to collect and withdraw e-commerce purchases.

Key Players in the Contract Logistics Industry

SNCF Logistics/GEODIS
UPS Supply Chain
Kuehne + Nagel
Yusen Logistics
Penske
XPO Logistics, Inc.
Hitachi Transport System
DHL Supply Chain
DB Schenker

Contract Logistics Market by Category

By Type:

Insourcing
Outsourcing

By Service:

Warehousing
Transportation
Aftermarket Logistics
Distribution
Others

By Industrial Vertical:

E-Commerce
Retail
Manufacturing
Others

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RF Interconnect Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The RF Interconnect Market is estimated to reach US$ 31.56 billion in 2023, growing at a compound yearly growth rate (CAGR) of 7.5% between 2023 and 2033. The RF connectivity industry is anticipated to be valued $65.05 billion by 2033.

RF (Radio Frequency) interconnects are groups of linked devices that allow signals to be transferred across great distances. These include cables, cable assemblies, attenuators, adapters, and radio frequency (RF) connectors. The market is predicted to expand due to increased demand for RF cable assemblies in the aerospace, military, and telecommunications industries, as well as the rising need for next-generation sophisticated combat systems.

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Technology Juggernauts Introducing Significant Investments in New Data Centre Infrastructures to Augment their Reach Internationally

In order to expand their worldwide reach, technology companies are focusing on making significant investments in new data center infrastructures, mostly in emerging nations. A large network of connections, such as optical fiber cables and coaxial cables, is needed when setting up new data centers and information and technology (IT) hubs. RF cables should become more popular as a result of this. These results in the escalation of the RF interconnect market trends.

The opening of a new data center region in Spain was made possible by a partnership between Microsoft Corp. and the Spanish telecommunications firm Telefónica S.A. Businesses, both public and private, were the companies’ target markets. To better serve Telefónica S.A.’s consumers globally, they also aimed to strengthen their global strategic partnership and accelerate digital transformation.

Type Category Supremacy Held by the RF Cable Assembly Segment

In the type category, the RF cable assembly segment commanded the RF interconnect market. Cable assembly is the process of assembling one or more cables into a single tube. The ends are given connectors, which are attached to adapters. RF cable assemblies are the cables used to transmit RF signals from one component of a system to another.

Regional Outlook

Through 2033, Asia Pacific is expected to dominate the RF interconnect industry, with a share of 44.02% of all sales. Better manufacturing facilities, better government initiatives, increased construction, and increased expenditures in new infrastructure are some factors that are driving the need for RF interconnect components in the Asia Pacific region.

For instance, the Andaman and Nicobar Islands and the rest of India are now connected by a special underwater optical fiber cable that the Indian Prime Minister inaugurated in August 2020. By enabling quicker internet data transfer, the government hopes to boost the regional economy.

Key Takeaways

With a market value of US$ 9,081.8 million, the market’s dominant segment, RF cable assembly in the type category, is anticipated to record a CAGR of more than 6% during the forecast period.
From 2023 to 2033, the RF cable assembly in the type category grabs RF interconnect market share of around 33%.
During the forecast period, the RF coaxial adapter segment in the type category is anticipated to register a CAGR of around 8.7%.
With a market value of US$ 11,443.0 million and a CAGR of 7.0%, the up to 50 GHz segment of the frequency category dominated.
During the anticipated period, the up to 50 GHz segment of frequency category is expected to gain an RF interconnect market share of 41.9%.
Between 2023 and 2033, the up to 6 GHz sector of frequency category is projected to expand at a CAGR of 8.5%.
With a market share of US$ 19,455.33 million in 2023 and an expected CAGR of 7.4%, the other segment of the end-user category is expected to continue to dominate the market.
Between 2023 and 2033, the industrial sector of the end-user category is projected to expand quickly, with a CAGR of 8.7%.
Between 2023 and 2033, Asia Pacific had a 44.02% revenue share of the global RF interconnect market.
Throughout the projected period, North America is expected to develop at a swift rate, with a CAGR of 8.3%.

Competitive Landscape

Quantic Electronics, Delta Electronics, Inc., Cobham Advanced Electronic Solutions, Ducommun Incorporated, and ETL Systems Ltd. are a few well-known RF interconnect market participants.

For industries and sectors such as consumer electronics, networking and communications, automotive, manufacturing, aerospace & military, and healthcare, these businesses manufacture and sell RF interconnects.

The market players are being compelled by changing business models and competitive pressures to shorten development cycles, innovate consistently, miniaturize electronic components, and offer highly reliable and stable RF components.

Recent Development

Acquisition

It was revealed in June 2022 that Quantic Electronics had acquired Microwave Dynamics. Microwave Dynamics created phase-locked and free-running oscillators, frequency multipliers, and converters for use in the industrial, aerospace, and defense sectors. The acquisition increased the portfolio of Quantic Electronics.

Introduction

Amphenol RF added an SMA bulkhead jack to its lineup of RF connectors for demanding environments in December 2022. This IP67-rated waterproof connection can be used to terminate a flexible, low-loss LMR 400 cable. In addition to the features of the well-known interface that are typical of it, this connector provides additional protection against damage to external components.

Key Segments

By Type:

RF Cable
RF Cable Assembly
RF Coaxial Adapter
RF Connector

By Frequency:

Up to 6 GHz
Up to 50 GHz
Above 50 GHz

By End User:

Aerospace & Defense
Medical
Industrial
Others

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Microprinting Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

The global microprinting market is expected to grow at a 5.9% CAGR from 2023 to 2033, from an estimated $778.31 million in 2023. The global microprinting market is expected to reach $1,380.74 million by 2033.

The Advancement of Microprinting Technology Ignites the Market Growth
Digital technology advances are increasingly being included in the core value-creation procedures of enterprises. Organizations from a variety of industry sectors are widely implementing microprinting.

It is anticipated that key elements such as banking sector laws and regulations, the launch of novel products, growing e-commerce, and rising demand for anti-counterfeiting products may experience significant growth. The development of microprinting technology and the rising need for low-cost printing technology are important drivers of the market’s expansion.

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Microprinting Market May Experience Sluggish Expansion Owing to Rising Digitization

The widespread use and adoption of digitalization techniques, the decision to save sensitive data digitally rather than on paper, problems with heat settings in micro printers, and other reasons could slow the market’s expansion.

The microprinting market growth would be constrained by the growing digitization. In light of how developed the global market is, it is challenging for new competitors to succeed.

Owing to the Presence of Banks and Financial Institutions, Asia Pacific Leads the Market

Due to the prevalence of numerous banks and financial institutions, governmental organizations, and corporate businesses, Asia Pacific dominates the microprinting market. When creating banknotes and cheque books, the banking and finance industries in China, Japan, and India largely utilize microprinting technology.

The market for microprinting is expanding as the technology becomes more widely used in developed nations. The introduction of counterfeit money and rising instances of fraud are additional elements that support the market expansion.

Key Takeaways

With a revenue share of 60% throughout the anticipated period, the monochrome segment in the type category commanded the market.
During the projected period, it is expected that the color segment in the type category would expand at a sizable CAGR.
Between 2023 and 2033, the paper segment is expected to register a 46% revenue share in the Substrate Type category.
Over the projected period, the metal segment in the Substrate Type category is anticipated to expand with a sizable CAGR.
The market is projected to be dominated by the magnetic inks category within the ink type category, which is anticipated to register a market share of more than 33% between 2023 and 2033.
Between 2023 and 2033, the ink type category’s UV invisible inks segment is expected to experience a quicker CAGR growth.
In the print type category, the single-sided market segment is anticipated to rule, contributing a tremendous market share of over 66% during the forecast period.
Between 2023 and 2033, the labels application segment is expected to lead the market with a revenue share of almost 24%.

Competitive Landscape
A lot of companies are emphasizing organic growth activities, such as new product releases, product approvals, and other things like patents and events. Various inorganic growth strategies seen in the market include acquisitions, alliances, and partnerships.

Participants in the market have been able to grow their clientele and revenue thanks to these measures. With the increasing demand for microprinting on the worldwide market, market players in the microprinting industry can anticipate profitable growth possibilities in the future.

Canon, Inc., Videojet Technologies, Inc. (Danaher Corporation), Zebra Technologies Corporation, Xerox Corporation, Ricoh Company, Ltd, Brady Corporation, Xeikon N.V., Hubergroup Deutschland GmbH, and Matica Technologies Group S.A. are a few of the leading firms mentioned in the research.

Recent Development

Acquisition

The primary global provider of printing solutions for MicroText markings is Xerox. It looks for acquisitions in certain growth areas to enhance portfolio blend and increase benefit.

To expand its business channels with multi-brand office arrangement vendors and improve its position in the Microprinting Market, Global Imaging Systems (GIS), a division of Xerox, purchased MT Business Technologies (US). Acquisitions are made by the organization as part of its growth strategy to increase distribution in underserved markets.

Launch

Manufacturers of physical access control systems (PACS) and its security integrator channels now have access to a card printer family from Matica Technologies AG.

Key Segments

By Type:

Monochrome
Color

By Ink Type:

Micro-Embossing
Special Inks
Magnetic Inks
UV Invisible Inks
Infrared Ink Markings

By Print Type:

Single-sided
Double-sided

By Application:

Currency
Stamps
Bank Checks
Labels
ID and Payment Cards
Documents
Others

By Region:

North America
Europe
Asia Pacific
South America
The Middle East & Africa

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3D Secure Payment Authentication Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

The market for 3D secure payment authentication is estimated to increase at a compound annual growth rate (CAGR) of 12.2% between 2023 and 2033, reaching $1.28 billion in 2023. The market for 3D secure payment authentication is expected to reach $4.06 billion by 2033. The increase in online fraud, which includes identity theft and unauthorized card usage, is the driving force behind the industry’s expansion.

As smartphone sales and internet usage grow, so do global e-commerce and mobile commerce sales. The popularity of online shopping portals and the availability of online payment methods have resulted in a significant increase in online fraud.

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Emerging Hotel Industry Adoption of Payment Secure Platforms is Sparking Market Growth

Fast adopters of new technologies, such as computerized table service and app-based ordering, include hotels and restaurants. Customers can now order and pay using a variety of mobile platforms that offer a wide range of payment options.

Diverse hotels, resorts, and tourist attractions allow purchases and transactions online for services like booking rooms and other items. Online fraud can happen during a reservation transaction. Therefore, this boosts the adoption of 3D secure payment authentication along with 3D secure payment authentication market trends.

North America Outlook

The 3D secure payment authentication market in North America is extremely competitive due to significant technological advancements. The government’s overall investment in research and development has increased drastically, including in the United States. The demand for increased security in online transactions has recently increased in the United States.

As retailers all over the United States started implementing EMV technology at Point-Of-Sale (POS) terminals, card fraud in person became more and more challenging. This caused criminal activity to start moving online.

Key Takeaways

With a 3D secure payment authentication market share of 38.85% of the total sales, the component category’s merchant plug-in segment led the market.
The component category’s access control server segment in the 3D secure payment authentication market is predicted to increase strongly.
The bank’s segment gained a huge revenue share of more than 59.70% in application category revenue in 2023.
The application category’s merchants & payment gateway section are predicted to increase at the maximum rate throughout the projection period.
In 2023, North America dominated the market and contributed to more than 28.90% of total sales.
Over the forecast period, the Asia Pacific 3D secure payment authentication market is anticipated to experience swift growth.

Competitive Landscape

In order to increase their visibility and solidify their market share, 3D secure authentication solutions providers are using development strategies in practice. To increase their 3D secure payment authentication market share, providers of 3D secure authentication have implemented significant expansion initiatives, such as product acquisitions, collaborations, and launches, as well as creating regional and international distribution networks.

Recent Developments

Launch

Everlink Payment Services Inc. declared in January 2022 that it had finished the 3D secure certification process. The VISA Consumer Authentication Service (VCAS) introduced a 3D Secure Payment Authentication Service for both Mastercard and Visa card products as a consequence of certification. Using the 3D Secure Payment Authentication Service, the company hopes to lower CNP transaction fraud.

Uber Technologies, Inc. stated in May 2019 that it had chosen the payments platform Adyen to use its 3D secure payment authentication solution. Uber Technologies, Inc. chose this option to give its consumers a simple and satisfying payment experience.

Key Segments

By Component:

Access Control Server
Merchant Plug-in
Others

By Application:

Banks
Merchants & Payment Gateway

By Region:

North America
Europe
Asia Pacific
Latin America
The Middle East and Africa

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Autonomous Drone Platform Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

According to Future Market Insights’ most recent market estimate, the autonomous drone platforms market is expected to be valued $8.3 billion in 2023 and $24.9 billion by 2033. The market is expected to grow at a CAGR of 12.8% over the forecast period.

To address the demands of a wide range of end customers, a number of drone operators are quickly expanding their operations, which is expected to boost industrial production and productivity. This is expected to boost demand for autonomous drone platforms during the projected period.

Drones can save time and money since they require fewer labor and no safety infrastructure. They can also improve data analytics, which helps firms analyse and forecast operational performance.

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Even new business models and opportunities in some industries are made possible by the adoption of an autonomous drone platform. The main drivers for investments in the autonomous drone platform industry are the sizeable commercial market potential, the declining costs of drone parts, and technological improvements in artificial intelligence (AI) and analytics.

Small drone demand has led to the development of autonomous drones that can fly without human control. Autonomous drones can perform jobs like surveillance, mapping, and delivery in a safer and more efficient manner than manually controlled drones.

The US government has also taken steps to encourage the use of autonomous drone platforms for a variety of tasks, including package delivery, search and rescue operations, monitoring and surveillance, and more.

Increased market growth is anticipated to be fueled by growing research and development initiatives in the realm of autonomous drone platforms.

Key Takeaways

The autonomous drone platform market is likely to have a CAGR of 12.8% during the forecast period.
Historically, the autonomous drone platform market had a CAGR of 12.7% between 2018-2022.
The value of the autonomous drone platform market is expected to be US$ 24.9 billion by 2033.
Based on application, the defense & military dominates the autonomous drone platform market with a CAGR of 15.8%
Based on industry, the agriculture industry dominates the autonomous drone platform market with a CAGR of 4.9%.
North America shows significant growth in the autonomous drone platform market, with a share of 21.2% in 2021.
Europe has a significant market share of 19.7% in the autonomous drone platform market.

Competitive Landscape

Due to the industry’s relative youth, the majority of investments have not yet produced the anticipated exits or IPOs. Since 2012, there have been 34 exits and IPOs, and more are expected in the upcoming years.

The financings have also tended to favor early-stage businesses, with more than two-thirds of corporate deals occurring at the seed or series A level over the course of the previous five quarters.

Additionally, business initiatives aim to break into specific markets or develop expertise in specific industries. For example, “detect-and-avoid” capabilities would give drones the “sense” to avoid collisions and successfully complete their missions.

Recent Development:

A number of businesses, including Amazon, DJI, and Microsoft, are collaborating to create more robust and user-friendly autonomous drone systems. These collaborations are encouraging the development of cutting-edge hardware and software components that enable autonomous drone flight.
The most active venture capitalist, having so far invested in six companies, including those that deal with distribution, 3D mapping, pipe inspection, business solutions, and autonomous solutions. Qualcomm also acquired Kmel Robotics to enhance their cellular technology inside drone operations and launch their own robotics business solutions.

Key segments

By Industry:

Agriculture
Aerial Photography
Emergency Management
Inspection and Monitoring
Remote Sensing & Mapping
Wildlife Research
Others

By Application:

Infrastructure Inspection
Surveying
Agriculture
Photography and Videography
Defense & Military
Others

By Enterprise Size:

Small Office Employees (1-9 employees)
Small Enterprises (10-99 employees)
Medium-sized Enterprises (100-499 employees)
Large Enterprises (500-999)
Very Large Enterprises (1000+ employees)

By Region:

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

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Exploring the Calorie Supplements Market: Demand Surge and Future Growth Outlook

According to Future Market Insights (FMI), the worldwide Calorie Supplements market size is valued at USD 1,275.3 million in 2024 and it is anticipated to reach USD 2,835.1 million by 2034. Over the next decade, global Calorie Supplements demand is likely to increase at a CAGR of 8.3%.

Many consumers are including calorie supplements into their diets for weight loss or muscle building. For weight loss, calorie supplements offer controlled, low-calorie options that provide essential nutrients while helping to reduce overall calorie intake. Similarly, for those looking to gain weight or build muscle, high-calorie supplements offer a convenient way to increase caloric intake without consuming large amounts of food.

As individuals are becoming more health-conscious and prioritizing fitness, to meet their dietary needs, they are looking for convenient nutritional solutions. This shift in consumer preference is boosting the consumption of calorie supplements, as individuals strive to maintain their overall health, manage their weight, and improve their physical appearance through proper nutrition.

Further, the convenience of obtaining multiple health benefits from a single supplement is driving their popularity and market growth. For instance,

Pro 360’s -Weight Gainer | More Calorie |Dietary Supplement |Ready To Serve |Weight Gain For Men & Women product, has a blend of effective ingredients like, triple protein formula, lysine, hcl, and essential vitamins and minerals that helps in managing weight gain and also supports the immune system.

Key Takeaways from the Calorie Supplements Report:

The global Calorie Supplements marketis expected to reach a valuation of USD 2,835.1 million by 2034.
Global demand for Calorie Supplements is likely to soar at 3% CAGRover the forecast period.
North America is projected to hold a dominant value share of 4% in the global market by 2034.
German market is estimated to witness a value CAGR of 2% during the projection period.

“The calorie supplement market is experiencing robust growth, driven by increasing health consciousness, busy lifestyles, and the demand for convenient, on-the-go nutrition. The rise in fitness trends and weight management efforts further boost this market. With diverse formats and flavors catering to various consumer preferences, calorie supplements are set to remain a popular choice for many.”– says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Who is Winning?

Boost (Nestle), Pro 360, GNC, Ensure, Patanjali (Nutrela), Optimum Nutrition, Hi- Cal (Abbott Nutrition), Instasure, Myogenetix, and Nutricia are key Calorie Supplements manufacturers listed in the report.

These companies are focusing on research and development, sustainable sourcing, and new formulations. They are also emphasizing environment-friendly practices and product certifications to satisfy the increasing demand for natural and sustainable ingredients. For instance,

GNC announced it’s partnership with a renowned Indian Pro Kabaddi league player Pawan Sharawat, the collaboration was done to transform the approach towards the way underdog athletes and their sports receive support. By offering them advanced nutrition supplements and wellness resources to improve their athletic performance.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Calorie Supplements market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the Calorie Supplements market based on Form (Ready to drink and Ready to mix), Packaging (Carton, Canister, Bottle, Cups, Cans, Box (Packets), Tub, and Jars), Flavor (Unflavored, and Flavored (Vanilla, Chocolate, Strawberry, Peach, Orange, Wild berry, Cinnabon, Mango, Butter Pecan, and Banana)), Sales Channel (Offline Sales Channel (Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Specialty Store, and Pharmacy Store), and Online Sales Channel (Company Website, and E-commerce Platform)) across various regions.

Access the Full Report on Calorie Supplements Market Trends and Projections Now: https://www.futuremarketinsights.com/reports/calorie-supplements-market

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Strategic Investments in Industrial Gases: Shaping the Future of Infrastructure and Climate Change Mitigation

The global industrial gas market (Industriegasemarkt) is set to experience substantial growth, with its value anticipated to increase from USD 74.94 billion in 2024 to USD 158 billion by 2034, reflecting a robust CAGR of 7.80% over the next decade. This expansion is primarily driven by the escalating demand for industrial gases in the electronics sector, particularly for applications in semiconductor manufacturing, photovoltaic technologies, and LED solid-state lighting. The industry’s surge is fueled by the critical role of industrial gases in producing key components such as semiconductors, displays, solar wafers, and polysilicon, underscoring their integral contribution to advancements in technology and renewable energy.

Solar photovoltaic energy, especially, is becoming a prominent source of sustainable energy generation. These gases are expected to reduce manufacturing costs, which are projected to raise demand for them in the upcoming period.

Frequent use of huge quantities of oxygen in the medical field to lower the risk of having too much oxygen in the lungs or any other body tissue during operations and for controlled ventilation is projected to fuel market growth.

Leading players are spending huge amounts on research and development projects to develop better or new ways to produce and export industrial gases across the globe.

“Key players are obtaining or renewing contracts to continue the supply of industrial gases. Additionally, players are increasing their investments in research and development activities to drive innovation,” says an analyst of Future Market Insights.

Key Takeaways from the Industrial Gas Market Report

The industrial gas market gained a valuation of US$ 51.56 million in 2019. By 2023, the market attained a value of US$ 69.40 million, expanding at a CAGR of 6.10%.
By product type, the oxygen segment is expected to gain a market share of 74% in 2024.
Based on application, the manufacturing segment is projected to account for 57.50% in 2024.
The United States industrial gas market is expected to accelerate at a CAGR of 4.30% over the forecast period.
The Spain industrial gas market is predicted to expand at a 5.80% CAGR in the next 10 years.
The India and China market are projected to surge at CAGRs of 11.60% and 8.70%, respectively, in the upcoming years.

New Developments Bringing Advancements in the Industrial Gas Market

In February 2022, Linde announced gained a long-term contract with BASF to provide steam and hydrogen. The Linde’s capacity in the chemical park at Chalampé, France is going to be essentially doubled by the operation and construction of the latest hydrogen production facility. The new production facility of BASF hexamethylenediamine (HMD) will be supplied by this plant.
In January 2022, Air Liquide invested approximately EUR 40 million in an Air Separation Unit (ASU) specialized in Industrial Merchant activities. The ASU is developed, owned, and operated by Air Liquide India.
In February 2021, Air Products Inc. opened a new cryogenic nitrogen plant in the Bayan Lepas of Malaysia, which is expected to assist the company’s operations.

Industrial Gas Market Top Players

Yingde Gases Group Company Limited
Air Liquide S.A
Linde Group
Airgas Inc.
Messer Group
Buzwair Industrial Gases Factories
Air Products and Chemicals Inc.
Taiyo Nippon Sanso Corporation
Air Water Incorporation
BASF SE
Others

Market Segmentation of Industrial Gas

By Product Type:

Oxygen
Nitrogen
Carbon dioxide
Hydrogen
Argon
Acetylene
Others

By Application:

Manufacturing
Healthcare
Food and Beverages
Metallurgy and Glass
Chemicals and Energy
Retail
Others

By Distribution:

On-site
Bulk (Liquid Gas Transport)
Cylinder (Merchant)

Different Regional Markets are as follows:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Advancements in Industrial Gases and Renewable Energy: Discover the Latest Trends and Investments—Read the Complete Report for In-Depth Analysis!

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