Patient Transport Services Market Poised for Robust Growth, Expected to Reach USD 34.1 Billion by 2032 at a 12% of CAGR

Patient Transport Services Market
Patient Transport Services Market

Future Market Insights has released a new analysis revealing that the global Patient Transport Services Market was valued at USD 34.1 billion in 2021. The market is anticipated to experience a substantial growth rate of 12% from 2022 to 2032, significantly surpassing historical growth rates.

The report highlights that ground ambulances are expected to be the leading revenue generators in the sector. This segment is projected to grow at an impressive compound annual growth rate (CAGR) of over 13.1% during the forecast period, reflecting increasing demand for efficient and rapid patient transport solutions.

The anticipated growth is driven by rising healthcare needs, advancements in emergency medical services, and the expansion of healthcare infrastructure globally. These factors are expected to contribute to the significant evolution of patient transport services, enhancing overall healthcare delivery and emergency response capabilities.

The use of emergency medical transportation systems is extremely beneficial in situations involving severe patient trauma or a related adverse outcome. Patients in need of care and transfer to an emergency medical facility can be addressed immediately by allocating resourceful equipment planning and structure.

Because of efficiency in the management of critical care and long-term care patients in mobility, positioning, and transfer, sales in the market are expected to grow. Apart from that, chronically ill patients are given alternatives for transportation to and from medical facilities. These instances are provisional, based on reimbursements for patient transportation equipment capabilities, as determined by the patient’s insurance coverage, or government-funded initiatives.

The market for patient transportation is likely to gain traction, especially with the high prevalence of chronic diseases, high volumes of trauma-related cases, and disabilities. In cases where bariatric and diabetic patients require caregiver assistance for mobility, patient transportation solutions provide assistance.

To offer a diverse product range, manufacturers in the patient transportation market are developing products which are engineered as per disease indication. Key competitors have maintained a leading position in the market by integrating smart technologies into existing product offerings.

Several firms are also promoting equipment sales through integration and collaboration with medical service providers, such as hospitals, which in turn is expected to boost sales in the market over the forecast period.

“Rising availability of indication-specific patient transportation solutions, along with the integration of connective technology such as artificial intelligence (AI) and IoT in beds and chairs will push sales in the market in the forthcoming years,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Patient Transport Services Market Key Takeaways:

  • Based on application, the non-emergency transportation held about 4% of the total market share in 2021, and the trend is expected to continue over the forecast period.
  • In terms of end users, the hospitals segment accounted for 45.9% of the total market share in 2021.
  • Sales in the U.S. patient transportation market are projected to increase at a 6.3% CAGR over the assessment period.
  • Germany will witness high demand for patient transportation solutions, rising at a 6% CAGR through 2032.
  • China will continue dominating the East Asia patient transportation market, with sales growing at a 5.9% CAGR over the forecast period.

Patient Transport Services Market Competition Landscape 

Key players operating in the global patient transportation market are improve their product portfolios by incorporating breakthrough technologies for comprehensive patient care throughout the transportation process. In addition to this, the newly developed products can be personalised for use in response to certain disease-related events. For instance:

  • Stryker launched the industry’s first linked ambulance cot in March 2022, building on the success of its predecessor, the Power-PRO 2 powered ambulance cot. Greater manoeuvrability, improved safety, and connectivity tools are all part of the new development, which will help to mitigate time and cost constraints.
  • In December 2021, Vendlet launched a new powered patient turning aid.

Patient Transport Services Market Key Players :

  • Envision Healthcare
  • London Ambulance Service NHS Trust
  • Acadian Ambulance Service
  • BVG India Limited
  • America Patient Transport Services, Inc
  • Falck Denmark A/S
  • Air Medical Group Holdings, Inc.
  • Air Methods Corporation
  • Ziqitza Healthcare Limited
  • Medivic Aviation

Ambulette Services refers to the transport of patients who require medical assistance or monitoring during transit from one location to another, such as from a hospital to a healthcare facility or home. PTS can be provided by various organizations, including private companies, non-profit organizations, and government agencies.

PTS can include various types of transportation, such as ambulances, medical helicopters, or specialized vehicles designed to transport patients with mobility limitations. The service may also include medical personnel, such as paramedics or nurses, who are trained to provide medical care during transport.

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Segments Covered in Patient Transport Services Market Analysis

By Transport Vehicle:

  • Ground Ambulance
  • Air Ambulance
  • Water Ambulance

By Emergency Services Type:

  • Emergency Services
  • Non-emergency Services

By Equipment Type:

  • Advanced Life Support (ALS) Patient Transport Services
  • Basic Life Support (BLS) Patient Transport Services

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

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3D TSV Packages Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

The global market for 3D TSV packages experiences an estimated CAGR of 16.5% over the course of the forecast period, with revenues estimated at US$ 7.43 Billion in 2023 and expected to reach US$ 34.34 Billion by 2033.

The use of 3D TSV packages is likely to provide electrical contact to surface-mounted devices and mirrored sidewalls to enhance the package’s reflectivity and lighting quality.

However, the complicated assembly process of 3D TSV packages, compared to the traditional flip-chip process, is a major restraint for the market growth.

Market Overview 

Several 3D packages, such as System in Package and Chip Stack MCM, are available in the market providing smaller form factor and greater connectivity. The stacked chips are wired together along their edges in these packages. This wiring increases the length and width of the package, thus requiring an extra “interposer” layer between the chips. 

The new 3D TSV package creates vertical connections through the body of the chips, replacing edge wiring and in turn reducing the extra added length and width. 

3D TSV technology allows stacking of LSIs which facilitates manufacturing of smaller products such as wearable devices. , Semiconductor fabricators globally are adopting 3D TSV technology in order to cater to the increasing requirements of functional integration. 

Market Dynamics 

Growing demand for innovative chip architectures with improved features such as low power consumption, high aspect ratio, and smaller form factor is driving the market of 3D TSV packages. Additionally, factors such as proliferation in the cloud based applications, robust outlook for the Information & Communication Technologies segment, and persistent developments in the DRAM and smart lighting sectors are further cementing the adoption of 3D TSV packages for fabrication process. 

The market is expected to witness potential revenue opportunity mainly due to growth in its application areas such as MEMS, CMOS image sensors, optoelectronics and high end LED solutions. Additionally, 3D TSV packages are expected to gain more traction in its adoption in the DRAM memory domain with the advent of innovative technologies such as HMC (Hybrid Memory Cube) and HBM (High Bandwidth Memory).

How Is The Start-Up Ecosystem In The 3D TSV Packages Market?

There is an increasing demand for multifunctional and high-density electronics with enhanced performance, along with the reduction of timing delays by end users. Moreover, the 3D TSV packages market growth is ascribed to the availability of various 3D packages, such as System in Package and Chip Stack MCM. These devices provide small form factors and greater connectivity.

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Market participants of the 3d tsv packages market:

  • United Microelectronics Corporation
  • Xilinx Inc.
  • Teledyne DALSA Inc.
  • Tezzaron Semiconductor Corporation
  • Sony Corporation
  • Intel Corporation
  • SK Hynix Inc.
  • Invensas Corporation
  • Broadcom Ltd.

Key Segments Profiled In The 3D TSV Packages Market Survey

By Process Realization:

  • via First
  • via Middle
  • via Last Segments

By Application:

  • Logic & Memory Devices
  • MEMS & Sensors
  • Power & Analog Components

By End Users:

  • Consumer Electronics
  • Information & Communication Technologies
  • Automotive
  • Military & Defense
  • Aerospace
  • Medical

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI)

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

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Agricultural Robots Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

By 2022, it is anticipated that the global market for agricultural robots would be valued $5,994.27 million. By 2032, the global market for agricultural robots is expected to produce sales of $30,500.51 million at a CAGR of 17.7%.

The costs associated with automation are decreasing as IoT and navigation technologies are developed, which is due to the expanding population and labour shortages. Rapidly developing technologies are predicted to have a big impact on a variety of businesses.

Food demand among consumers is rising in tandem with global population growth. To increase agricultural productivity, the agriculture sector is currently gradually adopting technology solutions.

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Agriculture Robotics Market: Drivers and Restraints 

Replacing farmers’ efforts with smart robots is the major driver propelling the growth of the market. Also, the population all across the world is increasing, which is fuelling the demand for more crop production, thus piloting the growth of the agriculture robotics market during the forecast period.

The government of emerging nation such as India and China is focussing on launching smart farmer project, which is anticipated to create huge industry expansion opportunity in the nearer future. Further, the demand for driverless tractors and the increasing application of robots for indoor farming, dairy management, and horticulture are the other factors responsible for the growth of the agriculture robotics market.

High initial investment and skilled staff for accessing the robot are the two factors coupled together to challenge the growth of the agriculture robotics market in recent years. Apart from this, government subsidies and farmer development training programs may assist in overcoming the above mention challenge.

Market Competition

  • Tractor LLC,
  • Blue River Technology Inc.,
  • AutoProbe Technologies LLC,
  • BouMatic Robots BV,
  • Deere & Company,
  • Harvest Automation Inc.,
  • Precision Hawk,
  • Yamaha Motor Corporation, and
  • GoPro, Inc.

are among the key players in the agricultural robot market.

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Global Agriculture Robotics Market: Regional Trend 

North America is expected to witness the largest market growth regarding revenue, owing to the increasing penetration of modern agriculture equipment. Further countries such as Canada and U.S. are anticipated to exhibit positive market growth, due to increasing inclination adoption of the automation process.

Asia-Pacific countries such as China, and India are estimated to capture the fastest market growth, owing to supportive government regulation to encourage smart agriculture projects in the respective region, which is expected to spur the demand for agriculture robotics in forthcoming years.

Key Segments Covered in the Agricultural Robots Industry Survey

Agricultural Robots Market by Product Type:

  • Agricultural UAV
  • Driverless Agricultural Tractors
  • Agricultural Milking Robots
  • Automated Agricultural Harvesting Machine

Agricultural Robots Market by Application:

  • Agricultural Robots for Field Farming
  • Agricultural Robots for Dairy Management
  • Agricultural Robots for Indoor Farming
  • Agricultural Robots for Horticulture

Agricultural Robots Market by Offering:

  • Agricultural Robot Hardware- Automated & Controlled System
  • Agricultural Robot Sensor & Monitoring Device
  • Agricultural Robot Software Service

Agricultural Robots Market by Region:

  • North America Agricultural Robots Market
  • Europe Agricultural Robots Market
  • Asia Pacific Excluding Agricultural Robots Market
  • Middle East & Africa Agricultural Robots Market

About Future Market Insights (FMI)

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

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T: +1-845-579-5705
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Hard Gelatin Capsules Market Projected to Grow at 6.4% CAGR, Driven by Strong Demand for Oral Administration

Hard Gelatin Capsules Market
Hard Gelatin Capsules Market

The global hard gelatin capsules market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 6.4% from 2022 to 2032. Recent studies indicate a strong demand for hard gelatin capsules, particularly in the oral administration segment, which held a commanding market share of approximately 88.5% in 2021.

The growth of the hard gelatin capsules market is driven by their widespread use in pharmaceutical and dietary supplement applications due to their effective delivery and consumer preference for oral medication. The oral administration segment continues to dominate, reflecting the efficiency and convenience that hard gelatin capsules offer.

As the market expands, innovations in capsule technology and increasing applications across various therapeutic areas are expected to further boost market growth and development.

Further, hard gelatin capsules allow for combination filling, unlike soft gels, allowing for the encapsulation of pharmaceuticals in the form of pellets, micro tablets, and beads in addition to the liquid formulation. This not only permits numerous incompatible pharmaceuticals to be combined in a single capsule but also results in a formulation that is far more appealing to consumers.

Increasing prevalence of non-communicable diseases such as cancer, diabetes, heart disease, and lung disorders has surged the demand for nutraceuticals. Hence, key players have established their positions in the market by investing more in research and having a better distribution system.

Key Takeaways from Market Study

  • Type-B gelatin (animal bones & calf skin) as a source holds an approximate market share value of 7%of the global market in 2021.
  • By size, size “0” capsules are expected to hold a dominant market share value of 7% in 2021 in the global market.
  • Oral administration is displayed as a preferred route of administration in the global market with CAGR growth value expected to reach 4% by 2032.
  • Pharmaceutical companies are the dominant segment in terms of end users within the global market, carrying an estimated market share value of about1% in 2021.
  • The U.S. is considered to be the most lucrative market, accounting for a value share of 8% in 2021 in North America.

Market Competition

Market expansion will be hampered by increasing vendor competition. With the presence of numerous brands and regional and local vendors, the market is expected to be fragmented. Furthermore, suppliers in the hard gelatin capsules industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates.

During the focused period, increased competition is expected to have a negative impact on the worldwide emergency medical service market growth. The hard gelatin capsules industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.

Want More Insights?

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The hard gelatin capsules market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the hard gelatin capsules market segment based on source – (Type-A (pork skin), Type-B gelatin (animal bones & calf skin), and fish bone gelatin), by size (size “000” capsules, size “00” capsules, size “0” capsules, size “1” capsules, size “2” capsules, size “3” capsules, size “4” capsules, and size “5” capsules), by route of administration (oral administration and inhalation administration), by end user (pharmaceutical companies, cosmetic & nutraceutical companies, and CROs & CDMOs), across seven key regions over the globe.

Key Players :

  • ACG Worldwide
  • Lonza-Capsugel
  • Qualicaps, Inc. – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
  • Sunil Healthcare Ltd.
  • CapsCanada Corporation / Farmacapsulas
  • Roxlor LLC
  • Suheung Co., Ltd. – EmboCaps
  • Medi-Caps Ltd.
  • NLL – Nector Lifesciences Ltd.
  • Natural Capsules
  • ERAWAT PHARMA
  • Dah Feng Capsule – Biocaps
  • Lefan Capsule
  • Qingdao Yiqing Medicinal Capsules Co., Ltd.
  • SHANXI GUANGSHENG MEDICINAL CAPSULE
  • HEALTH CAPS INDIA
  • COMED CHEMICALS
  • FORTCAPS HEALTHCARE
  • SHAOXING ZHONGYA CAPSULE
  • SHREE PHARMA CAPS
  • SHAOXING KANGKE CAPSULE
  • ZHEJIANG YUEXI CAPSULE
  • SAVIOUR CAPS
  • Chemcaps Ltd.
  • Anhui Huangshan Capsule
  • Jiujiang Angtai Capsule Co.,ltd
  • MEIHUA Group
  • Yili Capsule
  • Xinchang Kangdi Capsule Co.,Ltd.

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Key Market Segments Covered in Hard Gelatin Capsules Industry Research

By Source:

  • Type-A (Pork Skin)
  • Type-B Gelatin (Animal Bones & Calf Skin)
  • Fish Bone Gelatin

By Size:

  • Size “000” Capsules
  • Size “00” Capsules
  • Size “0” Capsules
  • Size “1” Capsules
  • Size “2” Capsules
  • Size “3” Capsules
  • Size “4” Capsules
  • Size “5” Capsules

By Route of Administration:

  • Oral Administration
  • Inhalation Administration

By End User:

  • Pharmaceutical Companies
  • Cosmetic & Nutraceutical Companies
  • CROs & CDMOs

About Future Market Insights (FMI)

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

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Antidiabetics Market Set to Reach USD 223 Billion by 2032 at a 9.6% of CAGR

Antidiabetics Market
Antidiabetics Market

The global antidiabetics market is experiencing robust growth, with a projected year-over-year increase of 10.9%, reaching an estimated USD 89.2 billion in 2022, up from USD 80.4 billion in 2021. According to recent forecasts, the market is expected to expand significantly, reaching approximately USD 223 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.6% during the assessment period from 2022 to 2032.

This substantial growth is primarily driven by the rising global prevalence of diabetes, which is expected to be the most significant factor influencing the market’s expansion. As diabetes rates continue to climb, the demand for effective antidiabetic medications and treatments is surging, prompting advancements in drug development and an increase in healthcare investments.

The antidiabetics market is poised to play a crucial role in addressing the global diabetes epidemic, providing innovative solutions to manage and treat this chronic condition.

Furthermore, the introduction of novel products is set to positively impact the market soon. For instance, in January 2022, Novo Nordisk, the renowned Danish pharmaceutical provider, unveiled the launch of oral semaglutide in India, a significant advancement in the treatment of Type 2 diabetes. Moreover, the evolution of sophisticated pumps infused with intelligent technologies, including Artificial Intelligence (AI) and Machine Learning (ML), is projected to create a plethora of opportunities in this ever-evolving landscape.

For instance, in July 2021, Ypsomed AG expanded the range of features of the mylife YpsoPump system. The app-based deployment of the Dexcom G6 Continuous Glucose Monitoring (CGM) System allows people with diabetes to manage their therapy through their smartphones.

On the contrary, expenses associated with insulin pumps, lack of awareness about the treatment methods, and poor reimbursement framework in developing countries are anticipated to hinder the market growth.

Key Takeaways from the Market Study:

  • The insulin segment to record a CAGR of 9.4% by 2032
  • The oral segment is to witness a CAGR of 9.5% during the forecast period
  •  Market in the U.S. to value US$ 79.6 Billion by 2032· The UK market to hold a value of US$ 9.2 Billion
  • Japan to exhibit a CAGR of 7.9% during the forecast period
  • China to secure a market value of US$ 16 Billion by 2032

“Increasing incidences of diabetic patients across the globe and the rising geriatric population are projected to play a vital role in driving the market. Moreover, ongoing R&D is another factor that will benefit the market in the forthcoming period,” says an FMI analyst.

Competition Analysis

  • In May 2021, F. Hoffmann-La Roche Ltd., launched mySugar Pump Control under the mySugr app mySugr Pump Control enables patients to control insulin pumps via smartphone to import and view the data status.
  • In May 2022, the Food and Drug Administration approved a new drug for people with Type 2 diabetes. The drug, Tirzepatide is a once-a-week injection that helps people in managing their blood glucose levels and lessen food intake

Key players:

  • Bayer Corporation,
  • AstraZeneca,
  • Boehringer Ingelheim,
  • Eli Lilly,
  • Bristol-Myers Squibb

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Key Segments Profiled in the Global Antidiabetics Market Study

Antidiabetics Market by Product:

  • Insulin-based Antidiabetics
    • Rapid-Acting Analog
    • Long-Acting Analog
    • Premixed Insulin
    • Short-Acting Analog
    • Intermediate-Acting Insulin
  • Antidiabetics Drug Class
    • Alpha-Glucosidases Inhibitors
    • Biguanides
    • Sulphonylureas
    • GLP-1 (Glucagon-like peptide) Agonists
    • DPP-IV (Dipeptidyl Peptidase) Inhibitors
    • Meglitinides
    • SGLT-II (Sodium-Glucose Transport Proteins) Inhibitors
    • Thiazolidinedione

Antidiabetics Market by Patient Population:

  • Antidiabetics for Pediatrics
  • Antidiabetics for Adults
  • Antidiabetics for Geriatrics

Antidiabetics Market by Route of Administration:

  • Antidiabetics Administration through Insulin Syringes/ Insulin Pens
  • Antidiabetics Administration through Insulin Pumps
  • Intravenous Antidiabetics Infusion
  • Oral Antidiabetics Administration
  • Other Routes of Antidiabetics Administration

About Future Market Insights (FMI)

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

Contact Us:      

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

The worldwide telemetry market was projected to be valued at USD 135,354.5 million in 2023. It is projected to grow at a remarkable Compound Annual Growth Rate (CAGR) of 11.2% over the forecast period, reaching a staggering USD 392,452.1 million by 2033.

Market expansion and demand reaching pre-pandemic levels, together with profit-making opportunities, are the causes of the abrupt spike. Despite the epidemic, demand has remained low everywhere due to the extraordinary and large global impact of COVID-19.

Telemetry is the automated measurement and wireless delivery of data from distant endpoints. To put it briefly, sensors at the source measure physical or electrical data, such as temperature or pressure, or electrical data, such as voltage or current.

The conversion of measurements to specific electrical voltages. A multiplexer combines these voltages with timing information to create a single data stream that is sent to a distant receiver. After being supplied, the data stream is divided into its basic components, and the data is displayed and handled in accordance with the user’s requirements. The rising need for telemetry is due to such advantageous elements.

The expansion of the network telemetry market has also been aided by the increasing strain on networking infrastructure brought on by work-from-home rules in response to the COVID-19 epidemic. For instance, with the implementation of worldwide quarantine measures in March 2020, Cloudflare recorded an increase in stress of over 25% on global fixed and wireless networks.

The rise of network telemetry applications is one significant development that has boosted expectations among rivals in the network telemetry market. To stay relevant and visible in the competition, this is why many businesses are eager to release new products.

As new applications materialize, it is projected that the network telemetry market will experience rising product demand. Businesses have spent money on recruiting personnel that will enable them to create high-quality, demand-specific products. The challenge is meeting demand in advance by manufacturing things earlier than planned.

If businesses reach the goal, they may maintain an advantage over their rivals. Businesses are continually searching for patterns that could help determine future consumer demand.

The need for a global network telemetry market is unnecessary if the use of digital devices is modest. Global network telemetry market items are increasingly likely to be used as the prevalence of digital devices increases. This significant trend has the potential to increase the market for network telemetry sales.

Key Takeaways:

  • In the component sector, the solution from the network telemetry market is anticipated to flourish at the quickest CAGR of 14.6% through 2032.
  • With a CAGR of 15%, service providers are predicted to grow significantly in the end-user sector of the network telemetry market.
  • The market size for the network telemetry market in the United States is expected to reach US$ 525.3 Million by 2032, growing at a CAGR of 15% during the forecast period.
  • United Kingdom is anticipated to reach a market size of US$ 70.9 Million in Network telemetry by 2032, with a CAGR of 14.3% during the forecast period.
  • China’s Network telemetry market is anticipated to be worth US$ 87 Million by 2032, with a CAGR of 14.7% over the forecast period.
  • Japan is expected to have a market size for Network telemetry of US$ 80.6 Million by 2032, with a CAGR of 14.2% during the forecast period.
  • By 2032, South Korea is expected to reach a market size of US$ 52.9 Million in network telemetry, with a CAGR of 13.7% during the forecast period.

COMPETITIVE LANDSCAPE:

Cisco Systems (US), Juniper Networks (US), Arista Networks (US), Mellanox Technologies (US), Pluribus Networks (US), Barefoot Networks (US), Solarflare Communications (US), and VOLANSYS Technologies are among the companies represented in the network telemetry market.

Cisco is one of the market leaders in the network telemetry market. Cisco’s Approach-Driven Telemetry in network telemetry allows data to stream constantly using a push model, allowing real-time access to operational analytics.

Model-Driven Telemetry may ensure that large amounts of data are genuinely accessible by modeling the data with YANG.

RECENT DEVELOPMENT: 

  • Arista Networks announced the introduction of CloudVision 2019, its management software, in September 2019. It allows for monitoring, automation, and management. Furthermore, it assists enterprises in lowering operating expenses, increasing network agility, and reducing hazards.
  • Juniper Networks teamed with Telefonica, UK, in October 2019 to construct the Fusion Network, a secure and automated cloud-enabled network architecture. According to the agreement, Juniper Networks is Telefonica’s network Internet Protocol (IP) strategic partner.
  • Mellanox Technologies teamed with VMware in August 2019 to deliver its Remote Direct Memory Access (RDMA) networking solutions to VMware for enabling its virtualized Machine Learning (ML) solutions to boost GPU efficiency and usage.
  • Pluribus Networks collaborated with Vapor IO in May 2019 to implement Netvisor ONE OS 5.0 and Adaptive Cloud Fabric at numerous Vapor IO Kinetic Edge locations in Chicago, US. According to the terms of the agreement, Vapor IO is expected to seamlessly connect its many edge data center sites with complete telemetry, sophisticated network services, and deep slicing across multiple data centers regardless of their geographic locations.
  • Tofino 2, the second iteration of Barefoot Networks’ P4-programmable Tofino Ethernet switch of the Application-Specific Integrated Circuit (ASIC) family, was released in December 2018. Tofino 2 is compatible with Barefoot SPRINT and Barefoot Networks’ upgraded version of the industry-standard In-band Network Telemetry (INT), which provides fine-grained and intelligent real-time visibility of network traffic per packet.

Key segments

By Components:

  •  Service
  • Solutions

By End Use:

  • Verticals
  • Service Providers

By Organizational Size:

  • Small & Medium Sized Enterprise
  • Large Enterprise

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cloud Analytics Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

In 2022, cloud analytics market was estimated to be worth about US$ 35,100.5 million. The market is anticipated to reach a valuation of about US$ 171,019.6 million by the end of 2033, with a CAGR of 15.6% for the following 10 years. By the end of 2033, the global absolute dollar opportunity growth in the cloud analytics market is anticipated to reach US$ 112 billion.

US to Dominate Cloud Analytics Market throughout the Analysis Period 

Cloud analytics market in the U.S. is projected to be valued at US$ 51.3 Bn by the end of 2032. Revenue through cloud analytics in the U.S. grew at 22.7% CAGR during 2015-2021 and is expected to achieve a growth rate of 15.2% CAGR over the forecast period.

The dominance of U.S. in cloud analytics market is attributed to their advanced IT infrastructure and rapid innovations in providing cloud-based analytical solutions with the help of Artificial Intelligence and machine learning. They are used for providing solutions to customers in analyzing insights from huge sets of data. The absolute dollar opportunity growth in cloud analytics market in the U.S. is estimated at US$ 38.7 Bn by 2032.  

“Key companies in cloud analytics market are forming strategic alliances to provide analytical solutions to let organizations turn data into actionable insights”. Comments an analyst at Future Market Insights.

Cloud Analytics Market: Competition Insights 

Key companies operating in the cloud analytics market are forming strategic partnerships to accelerate the development of cloud analytics and deploy analytical solutions across all verticals.

The key companies operating in the cloud analytics market include

  • IBM Corporation,
  • Hexaware Technologies Limited,
  • Oracle Corporation,
  • Microsoft Corporation,
  • Google, Alphabet Inc.,
  • Salesforce.com, Inc.,
  • SAS Institute Inc.,
  • Teradata Corporation,
  • MicroStrategy Incorporated,

The Hewlett Packard Enterprise Company, SAP SE, Atos, Cloudera, Hitachi Vantara Corporation, ThoughtSpot, Qilk, GoodData, Alteryx, Yellowfin, Pyramid Analytics, Board International, Hewlett-Packard Enterprise, AWS, Domo, Sisense,  and Looker. 

Some of the recent developments by key providers of Cloud Analytics are as follows: 

  • In February 2022, Teradata partnered with Microsoft to integrate the platform of Teradata Vantage data with Microsoft Azure. The aim of the partnership is to modernize the data analytics workload of businesses, execute their cloud strategies and together solve the challenges in data analytics. 
  • In January 2022, IBM Watson Advertising announced the offerings of AI-driven weather analytics to AWS data exchange. The weather datasets assist users to analyze how weather affects the consumer purchasing pattern across various categories and harnessing deep insights to assist businesses in making confident and insightful decisions. 
  • In November 2021, Informatica, a cloud data management leader, launched modern cloud analytics program on Microsoft Azure. The platform is made available to customers with joint Microsoft & Informatica PowerCenter, and are in need to migrate their on-premise data warehouse and ETL workloads to IDMC on Azure and Azure Synapse Analytics. 
  • In May 2020, Oracle announced Oracle Analytics for Cloud HCM to bring ready-to-use workforce analytics to Oracle HCM customers. Oracle Analytics for Cloud HCM seeks to provide businesses and analysts with greater insights about the workforce composition and a thorough view of the organization’s data. 

Similarly, recent developments related to companies involved in cloud analytics have been tracked by the team at Future Market Insights, which is available in the full report.

More Insights Available 

Future Market Insights, in its new offering, presents an unbiased analysis of the Cloud Analytics Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032. 

The study reveals extensive growth in the Cloud Analytics Market in terms of Solution (Cloud BI Tools, Hosted Data Warehouse Solutions, Complex Event Processing, Enterprise Information Management, Enterprise Performance Management, Governance, Risk and Compliance, Analytics Solutions), Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (SMEs, Large Enterprises), Vertical ( BFSI, Retail and Consumer Goods, Healthcare and Life Sciences, Media and Entertainment, Government, Telecom and IT, Research and Education, Energy, Manufacturing and Others), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa). 

Key Segments Covered In Cloud Analytics Industry Survey

Cloud Analytics Market by Solution:

  • Cloud BI Tools
    • Cloud Based Data Integration Tools
    • Cloud Based Reporting and OLAP Tools
    • Cloud Based CRM Software
  • Hosted Data Warehouse Solutions
  • Complex Event Processing
  • Enterprise Information Management
  • Enterprise Performance Management
  • Governance, Risk, and Compliance
  • Analytics Solutions
    • Cloud Based Predictive Analytics
    • Cloud Based Spatial Analytics
    • Cloud Based Video Analytics
    • Cloud Based Text Analytics
    • Cloud Based Speech Analytics
    • Cloud Based Web Analytics
    • Cloud Based Machine Analytics

Cloud Analytics Market by Deployment Type:

  • Public Cloud Analytics
  • Private Cloud Analytics
  • Hybrid Cloud Analytics

Cloud Analytics Market by Organization Size:

  • SMEs
  • Large Enterprises

Cloud Analytics Market by Vertical:

  • BFSI
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Government
  • Telecom and IT
  • Research and Education
  • Energy
  • Manufacturing
  • Others

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About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Antenna, Transducer, and Radome (ATR) Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

According to Future Market Insight, the global antenna, transducer, and radome (ATR) market is anticipated to achieve a substantial valuation of US$ 30.68 billion by 2033, exhibiting a commendable CAGR of 10.4%. This projected value demonstrates a significant surge from the expected worth of US$ 11.37 billion in 2023.

The ATR technology market caters to a wide range of industries and applications. One of its primary advantages is the ability to provide efficient communication even in harsh and challenging environments. This makes it highly valuable for various sectors.

The demand for radar systems in the military, aerospace, and automotive sectors has been a significant driver for the ATR market. Advancements in radar technology, including phased array radars, synthetic aperture radars, and automotive radar systems, have created opportunities for antenna, transducer, and radome market players.

The emergence of transformative technologies like the Internet of Things (IoT), wearable devices, and smart homes call for compact and efficient antenna solutions. The development of smaller yet highly capable antennas and transducers to support these applications presents substantial opportunities. Additionally, as new technologies and applications continue to surface, there is a pressing need for innovative radomes that can protect sensitive electronic components.

Various industries and applications drive the demand for ATR technologies. In weather monitoring systems, radomes protect radar equipment and ensure accurate weather tracking. The satellite industry’s growth is fueled by the need for high-speed internet, satellite TV, and remote sensing, which rely on antennas and radomes for reliable communication.

In the consumer electronics market, antennas are crucial for seamless wireless connectivity, leading to increasing demand for high-performance ATR components. Companies specializing in ATR technologies can capitalize on these market trends by developing tailored solutions for weather monitoring, satellite communication, and consumer electronics.

The development of smart cities and the rapid adoption of Internet of Things (IoT) devices necessitate a robust communication infrastructure. Antennas and transducers are essential components for ensuring seamless IoT connectivity, thus fueling market growth.

The global emphasis on renewable energy has led to the widespread deployment of wind turbines and solar panels. ATR components are critical for optimizing energy generation and transmission in these systems, making them a significant market driver.

Sonar, which stands for Sound Navigation and Ranging, is a technology that uses sound waves to detect and track underwater objects. It has numerous applications in various industries, including maritime, defense, oil and gas exploration, fisheries, and environmental monitoring. The increasing demand for sonar systems is indeed driving the demand for ATR components in the global wireless technology market.

In the ATR market, radar technology-based systems are highly sought after for their ability to identify, establish connections with, and detect numerous devices. This enables efficient data sharing and comprehensive situational awareness. This makes them valuable assets in security and surveillance operations.

ATR technology plays a significant role in underwater target detection by implementing sonar systems. The sonar system accurately determines the location of underwater targets by utilizing transducers to transmit and receive sound waves. This capability is crucial in maritime security applications, where the detection of submarines and other submerged threats is of utmost importance.

Key Takeaways from the Antenna, Transducer, and Radome Market

  • The antenna, transducer, and radome industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 10.4% through 2033.
  • The United States held an 18.1% share of the global antenna, transducer, and radome industry in 2022.
  • With a CAGR of 12.3% over the forecast period, India is predicted to develop rapidly in the antenna, transducer, and radome industry.
  • In 2022, Japan had a 5.1% share of the antenna, transducer, and radome industry globally
  • The antenna, transducer, and radome industry in China is expected to increase substantially, registering a CAGR of 8.1% over the forecast period.
  • Germany accounted for 9.2% of the global antenna, transducer, and radome industry in 2022.

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Competitive Landscape in the Antenna, Transducer, and Radome Market

Key players are demonstrating their expertise through a series of strategic maneuvers. These industry leaders are enthusiastically committed to innovation, investing considerable resources in research and development. By harnessing cutting-edge technologies and modern manufacturing processes, they are crafting products that redefine connectivity, signal quality, and reliability. Furthermore, these players are forging strategic alliances, collaborations, and acquisitions to bolster their product portfolios and penetrate new markets.

Recent Developments by Key Players

In May 2023, Airgain, Inc. unveiled the EZConnect platform. It is an innovative antenna design that introduces a versatile approach. The new design incorporates 1-foot cables with standard connectors. These cables allow for effortless connection to a customizable cable harness.

In May 2022, Danisense launched the DT series at PCIM 2022. The DT series features ultra-stable, high-precision fluxgate technology for measuring isolated DC and AC currents up to 200Arms. These transducers offer a considerable reduction in size, with 60% less volume compared to the previous generation.

Key Segments Covered in Antenna, Transducer, and Radome Market Survey

By Product:

  • Antenna & Transducers
    • Parabolic Reflector Antenna
    • Flat Plane Antennas
    • Others
  • Radome
    • Sandwich
    • Solid Laminate
    • Dielectric Space Frame
    • Metal Space Frame

By Platform:

  • Ground
    • Telecom Towers
    • Ground Vehicles
    • Air Traffic Control
    • Command Centers
  • Naval
    • Commercial Vessels
    • Military Vessels
    • Commercial Aircraft
    • Bussiness & General Aviation
    • Military Aircraft
    • Unmanned Arial Vehicles
    • Evtols

By End user:

  • Commercial
  • Defense

By Frequency:

  • HF/VHF/UHF-band
  • L-band
  • S-band
  • C-band
  • X-band
  • Ku-band
  • Ka-band
  • Multi-band

By Application:

  • Communication
  • Navigation & Surveillance

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Outdoor Payment Terminal Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

According to forecasts, the outdoor payment terminal market is expected to be US$ 1,679.0 million in 2023 and US$ 4,529.5 million by 2033.

Demand for OPT is high among consumers in emerging nations as they adopt cell phones and mobile payment methods more regularly. This is because customers rapidly and securely make purchases utilizing mobile payment programs supplied by competitors like Apple Pay, Samsung Pay, and Google’s Android Pay using NFC-enabled terminals.

The need for smart payment systems like OPT is being driven by the following:

  • The growing use of smartphones
  • Consumer awareness of online payments
  • Face recognition
  • Fingerprint software for smartphones
  • The accessibility of online groceries, clothes, and electrical items.

Users have increased customer trust by securing information by providing a layer of authentication to payment gateways. However, the market’s expansion needs to be improved by the high cost of real-time payment solution components and the expense of integrating payment gateways.

A big expense component is the installation of tight security to safeguard the interests of others. These are the key factors that both public and private enterprises need for technology to be constrained.

Key Takeaways

  • By 2033, the outdoor payment terminal market in the United Kingdom is likely to expand, with a CAGR of 8.2%.
  • In 2022, the United States developed the outdoor payment terminal business with a share of 15.6%.
  • The outdoor payment terminal market grew considerably to US$ 1,543.2 million in 2022.
  • The outdoor payment terminal sector expanded at a CAGR of 8.3% from 2018 to 2022.
  • By 2033, China’s outdoor payment terminal market is projected to develop with a CAGR of 12.2%.
  • By 2033, India’s outdoor payment terminal industry is projected to expand with a CAGR of 14.3%.
  • Japan’s outdoor payment terminal industry expanded significantly, with a 6.4% share in 2022.
  • Australia’s outdoor payment terminal sector expanded with a share of 3.2% in 2022.
  • Germany’s outdoor payment terminal business grew, with a share of 9.4% in 2022.
  • In 2022, the contact outdoor payment terminals segment dominated the market, with a share of 52.4%, based on type.
  • In 2022, the outdoor payment terminals for malls dominated the market, with a share of 27.8%, based on application.

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Competitors Winning Strategies

Outdoor payment terminal businesses glorify their product offerings to achieve a high market share. Players are spending on research and development initiatives; as a result, to maintain their products distinct from those of their rivals. To improve their customers’ experiences, OPT providers work to incorporate features into their devices, including loyalty programs and multi-language support, among others.

Recent Development:

  • Invenco and FuelMedia TV joined together in a strategic partnership in February 2022. The partnership makes use of G7- and G9-Invenco pay-at-pump terminals, providing consumers with HD touch displays with sound, full vision, and motion video on several screen sizes.
  • NCR Corporation, a global provider of business technology, declared in January 2022 that the previously announced acquisition of LibertyX, a well-known provider of Bitcoin software, had been completed.

Key Segments

By Type:

  • Contactless Outdoor
  • Contact Outdoor

By Application:

  • Refuel
  • Car Wash
  • Malls
  • Other Applications

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Smart Home Automation Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

According to estimates, the global market for smart home automation would increase from US$ 72 billion in 2022 to US$ 168 billion in 2032, with a CAGR of 8.84% between those two years. The Internet of Things (IoT) is becoming more widely used, and as a result, machine-to-machine communication has advanced, encouraging customers to use smart home automation technologies.

The need for smart devices is anticipated to increase in the near future due to the integration of modern technologies like IoT, AI, and ML. A poll by Voicbot.ai estimates that 87.7 million US consumers were using smart speakers in January 2020. Additionally, the number of smart city initiatives is expanding globally, which is driving up demand for home automation companies.

With access to home accessories from remote locations, users can regulate their home appliances in their absence. They can also keep a watch on any activity taking place within the house through video surveillance systems. For instance, in February 2022, India-based home automation company, One Switch, announced the launch of franchising options for the expansion of their smart home automation services.

The eco-friendly solutions such as automatic water sensors and motion sensors, offered by smart home companies like One Switch, have also helped in reducing electricity bills and enhancing the overall home environment.

The automation tools and equipment are expensive, thus, users with average or below average disposable income find it challenging to buy such modern services. Due to its high cost, there is polarization in the procurement of such advanced equipment. Thus, the cost barrier is anticipated to play a significant role in limiting the market growth during the forecast period. Further, various users are yet not well familiar with such technology which limits the adoption of smart home automation devices. Thus, the complicated technologies and applications are likely to inhibit the market growth in the assessment period.

Key Takeaways from the Market Study:

  • Global smart home automation market value to surge 2.3x from 2022 to 2032
  • By application, smart home automation for entertainment to experience a CAGR of 7.8% until 2032
  • Wireless smart home automation to be most sought after, expected to accumulate 44% revenue in 2022
  • North America to emerge as the fastest growing market, expanding at an 8% CAGR
  • Europe to be the 2nd largest market for smart home automation, inclining at a 7.7% CAGR
  • Asia Pacific to present significant growth opportunities, reflecting a 7.5% value CAGR

“Increasing demand for comfort and growing deployment of modern technologies such as AI, ML, and IoT in home appliances is expected to benefit the market during the forecast period. Also, increasing disposable income of developing countries is likely to offer several opportunities of expansion to the players in the market,” says an FMI analyst.

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Competition Analysis

Key players in the global smart home automation market include Control4 Corporation (U.S.), BB Ltd. (Switzerland), Crestron Electronics, Inc. (U.S.), Ingersoll-Rand plc (Ireland), Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Leviton Manufacturing Company, Inc. (U.S.), Legrand SA (France), Lutron Electronics Co., Inc. (U.S.), Schneider Electric (France), and Siemens AG (Germany).

Recent Developments in the Industry include:

  • In July 2022, Schneider Electric launched the Wiser App to create awareness about the potential of Wiser Smart Homes. The app requires minimal rewiring and has the ability to support Google Home Assistant and Alexa which offers the needed comfort to consumers on a regular basis.
  • In July 2020, Johnson Controls, a renowned player for smart and sustainable buildings, launched OpenBlue, a complete suite of connected solutions and services that combine the Company’s 135 years of building experience with modern technology. The new suite of connected solutions allows previously unimaginable occupant experiences, respectful safety and security, and impactful sustainability, driven by cutting-edge connected technology.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global smart home automation market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Component (Hardware, Software, Services), Technology (Cellular, Wireless, Other), Application (Security, Lighting, Entertainment, HVAC & Energy Management, Smart Kitchen), & Region.

Key Segments Profiled in Smart Home Automation Market

Smart Home Automation Market by Component:

  • Smart Home Automation Hardware
  • Smart Home Automation Software
  • Smart Home Automation Services

Smart Home Automation Market by Technology:

  • Cellular Smart Home Automation
  • Wireless Smart Home Automation
  • Other Smart Home Automation Technologies

Smart Home Automation Market by Application:

  • Smart Home Automation for Security
  • Smart Home Automation for Lighting
  • Smart Home Automation for Entertainment
  • Smart Home Automation for HVAC & Energy Management
  • Smart Home Automation for Smart Kitchens

Smart Home Automation Market by Region:

  • North America Smart Home Automation Market
  • Europe Smart Home Automation Market
  • Asia Pacific Smart Home Automation Market
  • Latin America Smart Home Automation Market
  • Middle East & Africa Smart Home Automation Market

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube