Market Research Blog – Page 14826 – New Product Development

Global Fire Rated Ducts Market Comprehensive Shares, Historical Trends And Forecast By 2031

According to latest research by Future Market Insights, Fire Rated Ducts market will grow at a moderate rate during 2021-2031. Demand for Fire Rated Ducts will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Rise in demand for fire safety in factories, residences and commercial buildings to avoid fires will drive the demand for the market.

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Fire safety solutions are important to avoid any hazardous property or life loss. Many commercial and industrial buildings have mandatory fire rated ventilation ducts installed for safety. It is important for architects or engineers to install fire safety solutions in factories or any commercial buildings to avoid any fire- related accidents which is an important factor driving the demand for the market.

Over the forecast period, the market is likely to grow because of implementation of regulations imposed by the government about installation of fire safety ducts in all industrial buildings. Growing demand for heating, ventilation and air conditioning (HVAC) systems in the industrial sector and the rapid growth in construction industry are also the major factors uplifting the fire ducts market. In addition to industrial applications, fire safety ducts are largely used in residential and public facilities. These ventilation ducts are constructed in effective zones to limit the spread of smoke and fire throughout the building, making them very effective and useful in case of fire.

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Regional Outlook:

The US market will increase in the coming years because of exponential growth in infrastructure and material innovations by manufacturers. Due to pandemic the demand of fire rated ducts is likely to remain muted for the next couple of years, as construction industry slowly regains mobility in the market.

Demand for Fire Ducts in US and Canada will be led by growth in industrial sector as well as commercial facilities such as data centers and institutional buildings. Rising investments in construction industry in US is also accelerating the market growth as it will increase installation of the fire ventilation ducts in buildings. Many manufacturers are trying to develop energy efficient HVAC ducting for buildings which will increase the production of fire rated ducts in US.

The healthcare sector is expected to be major benefactor from the installation fire rated ducts to ensure apex safety standards. European fire standards have made it mandatory for buildings for installations of complete ductwork that offers fire resistance by compartment wall or floor to stop the fire from spreading. Many countries in Europe have their own fire regulations, but increase in safety standards for buildings has accelerated the demand for fire duct in European market.

For Fire Ducts manufacturers and suppliers, it is essential for them to get a third- party product certificate and independent quality- assurance certificate on their fire ducts as it is important that the ducts are to be of the permitted size and should not leak.

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Key Manufacturers and Suppliers:

Some of the leading manufacturers and suppliers of Fire Rated Ducts include

Lindab AB
Unifrax LLC
Durasystems
Leminar Air Conditioning Industries LLC
Firetrace Ductwork Ltd.
Firth Sheet Metal
CMS Group of Companies

Many leading manufacturers provide ducts for ventilation and smoke extraction that come in different sizes, operating pressures and configurations. Steel and Aluminum materials are widely used by manufacturers for making fire ducts.

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

Key Segments of Fire Rated Ducts MarketBy Material:

Steel
Aluminum
Fiber Glass
Polymers
Others

By Shape:

Round
Half Round
Rectangular
Triangular
Others

By Penetration:

Walls
Decks
Floor
Others

By Service:

Core Drilling
Seals
Duct Installation
Others

By Application:

Commercial Facilities
Public Facilities
Industrial Facilities
Others

By Region:

North America
- US
- Canada
Latin America
- Brazil
- Mexico
Europe
- Germany
- Italy
- France
- U.K.
- Spain
- BENELUX
- Russia
- Nordics
South Asia Pacific
- India
- ASEAN countries
- Oceania
East Asia
- China
- Japan
- South Korea
Middle East & Africa
- GCC
- Turkey
- South Africa
- North Africa

Global Combi Ovens Market Growth Of 10.2% In 2022 Reaching A Value Of About US$ 1,996.9 Mn By 2022 End

The global combi ovens market to grow with a year-on-year value growth of 10.2% in 2022 reaching a value of about US$ 1,996.9 Mn by 2022 end. Combi ovens are available for Convection, steaming, and combination cooking. The combination mode employs both dry heat and steam to maintain precise humidity levels in the food, allowing for more control over moisture levels.

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When it comes to professional food preparation, a combi oven can be utilized to replace both equipment’s, saving time, space, and money. The global businesses is anticipated to witness a considerable value CAGR of 10.7% during the period of 2022 and 2027.

Growing Demand from the Foodservice Sector to be Key Growth Driver

The growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavor to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink.

Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life. Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

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North America to Oust Europe in Terms of Value Share by the End of 2028

Among all the regions, Western Europe is expected to emerge as the leading region in the global combi ovens market with a share of 41% in 2017. However, by the end of the forecast period, Western and Eastern Europe are both likely to witness decline in their market shares and North America will witness a substantial rise in its share in the overall market by the end of 2027.

The growth of North America can be attributed to the growing investments being done by leading market players. To expand their market presence and global footprint, numerous players are focusing on investing in the North America market. Key players are adopting the strategy of mergers and acquisitions to collaborate with the local emerging players and to penetrate into the North America and strengthen their sales channel distribution.

By Segmentation:

By Product Type,

Steam Generated
Boilerless

By Power Unit,

Gas
Electric

By Capacity,

Low
Medium
Heavy

By End-use,

Hotels & Restaurants
Bakery Stores
Retail Outlets
Domestic & Institutional
Commercial Kitchens

By Region,

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

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Enhancement of Product Portfolio to be Core Strategy of Key Market Players

Key market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

Quad-Flat-No-Lead Packaging Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

Future Market Insights presents a comprehensive analysis and valuable insights on the adoption of quad-flat-no-lead packaging in various applications and sectors across the globe. The report titled “Quad-Flat-No-Lead Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers a wide angle of the global market with the help of a detailed market segmentation. The research report also discusses various opportunities for quad-flat-no-lead packaging, various trends influencing the global market, key drivers fuelling the growth of the global market as well as restraints that have a negative impact on revenue growth of the global quad-flat-no-lead packaging market. The research report presents historic data as well as future market projections for a period of 10 years.

The global quad-flat-no-lead packaging market is projected to grow at a high CAGR of 13.1% throughout the period of forecast, 2017-2027. Around US$ 62 Bn is the market standing of the global quad-flat-no-lead packaging market and with this enormous growth rate, it is estimated to touch a valuation of more than US$ 235 Bn by the end of the year of forecast.

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Rising demand for QFN package in compact devices expected to be a lucrative growth opportunity in the coming years

In the years to follow, it is anticipated that the consumer electronics and automotive sectors would witness high growth. This substantial growth is attributed towards increased adoption of advanced technologies such as wearable devices and electronic automobile accessories.

Wearable devices such as personal medical monitoring devices, wristwatch and others are small electronic devices that re widely being used among customers thus triggering the demand for packages as compact as UQFN or QFN.

Global Quad-Flat-No-Lead Packaging Market: Forecast Highlights

The global quad-flat-no-lead packaging market is anticipated to reach a value higher than US$ 235 Bn by the end of the year of assessment from a valuation of more than US$ 68 Bn in 2017. The global market for quad-flat-no-lead packaging is projected to grow at a stellar CAGR of 13.1% throughout the period of forecast.

Global Quad-Flat-No-Lead Packaging Market: Competitive Assessment

The research report on the global market for quad-flat-no-lead packaging includes analysis on key players and presents vendor insights in a dedicated chapter. Intelligence on key players such as NXP Semiconductor, Fujitsu Ltd., Toshiba Corporation, Texas Instruments, Microchip Technology Inc., STATS ChipPAC Pte. Ltd., ASE Group, Amkor Technology, UTAC Group, Linear Technology Corporation, Henkel AG & Co., and Broadcom Limited has been included in this chapter.

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Global Quad-Flat-No-Lead Packaging Market: Segmental Snapshot

The global quad-flat-no-lead packaging market is segmented on the basis of type, QFN variants, application and by region.

By type, the plastic moulded QFNs segment is expected to reflect high market attractiveness and is the largest segment. The plastic moulded QFNs segment is estimated to reach a value higher than US$ 180 Bn by the end of the year of forecast thus dominating the global market. Air-cavity QFNs segment is projected to grow at a higher pace in the coming years.
By QFN variant, the quad-flat-no-lead segment is anticipated to reach a noteworthy valuation by the end of the assessment period. The ultrathin quad-flat-no-lead segment is projected to grow at the fastest rate to register a CAGR of 14.4% throughout the period of assessment.
By application, the radio frequency devices segment is estimated to be valued at around US$ 26 Bn in 2017 and is likely to lead the global market. The wearable devices segment is projected to register the fastest growth rate of 0% owing to increased use of quad-flat-no-lead packaging in wearable devices.
By region, Asia Pacific excluding Japan reflects high growth potential. The quad-flat-no-lead packaging market in Asia Pacific excluding Japan is projected to grow at the highest rate and is estimated to be the largest among all other regional markets, thus dominating the global market.

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Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Quad Flat No-Leads Packaging – Solution Overview

3. Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.3. Patents Overview

4. Global Market Analysis 2012–2016 and Forecast 2017–2027

5. North America Quad Flat No-Leads Packaging Market Analysis 2012–2016 and Forecast 2017–2027

7. Eastern Europe Quad Flat No-Leads Packaging Market Analysis 2012–2016 and Forecast 2017–2027

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Mass Notification Systems Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2031

As per latest mass notification systems industry analysis by Future Market Insights (FMI), market revenue will total US$ 8.8 Bn in 2021. Registering impressive growth at 18.5% CAGR from 2021 to 2031, the market valuation is expected to surpass US$ 48.0 Bn by 2031.

Future Market Insights (FMI) reports that global mass notification systems solutions generated revenue of US$ 7.6 Bn in 2020. In terms of value, services are identified as the fastest-growing segment in terms of component. It is estimated to register the highest CAGR of 22.0% over the next ten years. With the help of smartphones and Internet, it is now possible to communicate with any number of people, irrespective of their location. According to the report, factors such as increasing adoption of wireless emergency alert system and proliferation of smartphones across the globe are projected to drive growth of the mass notification systems market.

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Impact of COVID-19 on Mass Notification Systems Market

The COVID-19 pandemic outbreak has disrupted many industries, including the mass notification systems market. Mass notification systems are installed to alert people about prospective exposure, without triggering panic.

The demand for mass notification systems solutions and devices such as in-building mass notification systems, wide-area mass notification systems, distributed recipient mass notification systems and IP-based notification devices however increased during the lockdown resulted by COVID-19 outbreak. This created opportunities for the market growth.

Mass notification systems market is expected to grow by 2.0X from 2020-2021 and would see a surge in demand amid the COVID-19 outbreak, as IP-based notification devices among various businesses, becomes the new norm.

Detailed Insights Offered in Mass Notification Systems Industry Research:

Market Estimates and Forecasts 2016-2031
Key Drivers and Restraints Impacting Market Growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Mass Notification Systems Industry and How to Navigate
Recommendation on Key Winning Strategies

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Key Takeaways from Market Study

The South Asia & Pacific market is expected to offer lucrative growth opportunities due to growing industrialization and increasing frequency and natural disasters in the region.
Growing trend of cost-effective mass notification systems along with technological advancements are creating growth opportunities for component manufacturer and providers.
The market in the U.S. is projected to expand at a CAGR of 13.2% through 2031.
Germany will emerge as a highly lucrative market for sales. Demand in Germany has been forecast to rise at around 16.0% CAGR through 2031.
Market growth in China, Japan, and India is expected to be much higher, at around 19.7%, 23.9%, and 29.9%, respectively.

Competitive Landscape

According to the Future Market Insights (FMI)’s industry analysis, Everbridge, IBM Corporation, Omnilert, LLC, Eaton Corporation, Honeywell International Inc., Siemens AG, and American Signal Corporation are identified as key providers and manufacturer of mass notification systems.

The Key players focuses to form new partnership & collaboration to leverage Artificial Intelligence to further advance into the next generation of mass notification systems technology solutions. This strategy can help mass notifications systems companies to serve business customers around the globe by providing mass notification platform and services to make buildings smart, safe, and sustainable.

For instance, in May 2018, Johnson Controls and Foxconn Industrial Internet collaborated to transform building data analytics through artificial intelligence and machine learning to advance smart building and smart-city technologies and achieve security and sustainability goals.

The mass notification systems manufacturer and providers are focuses on launching innovative solution and expanding its mass notification systems offerings to deliver enhanced technology as well as offer new and upgraded solutions in new markets.

For instance, in March 2018, Honeywell is expanding its line of Fire-Lite addressable fire alarm control panels to give safety professionals more options for designing small to medium-sized fire systems.

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Mass Notification Systems Industry Survey by Category

By Component:

Mass Notification Systems Hardware
- Fire Alarms
- Public Address Systems
- Alert Beacons
- Duress Systems
- Others

Emergency Notification Platform
Mass Notification Systems Services
- Installation & Deployment
- Support & Maintenance
- Warning System Designing
- Emergency Response Services

By Solution:

In-Building Mass Notification Systems
Wide-Area Mass Notification Systems
Distributed Recipient Mass Notification Systems

By Application:

Emergency & Crisis Notification
Business Continuity and Disaster Recovery
Business Communication & Operations
Others

By Industry:

Military & Defense
Government & Public Sector
Industrial
Commercial
Event & Sports Venues
Critical Infrastructures
Others

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Penetration Testing Market 2022 Expectations & Growth Trends Highlighted Until 2027

Key players in the global penetration testing market are launching new products and increasing their business partnerships with other players. The U.S. is expected to be a key market in the global penetration testing market, due to the presence of major players in the region, an increasing number of data breaches and a rising adoption of cloud computing solutions and services. Insights such as these are included in a new report published by Future Market Insights titled “Penetration Testing Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The global penetration testing market is expected to witness significant growth with an impressive CAGR of 13.9% during the forecast period of 10 years from 2017 to 2027. This growth can be attributed to the increasing usage of penetration testing solutions in various industrial verticals, and the increasing adoption of cloud based solutions and services.

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Global Penetration Testing Market: Challenges

One of the biggest challenges for penetration testing solution vendors is the extreme and growing shortage of skilled cyber security personnel to analyse and respond to incidents of cyber threats
There are many multinational companies in North America, especially in the United States, who are looking to build multinational conferencing facilities. Such companies normally face challenges such as unauthorised access to the company’s bridge and network
Small businesses have smaller IT budgets, and consequently spend less on penetration testing and other cyber security solutions. The lesser adoption of penetration testing solutions in small enterprises is one of the major challenges for the penetration testing market
Lack of knowledge and awareness about the usage of cyber security solutions such as penetration testing, network testing, and firewalls is another big growth restraint in the penetration testing market

Global Penetration Testing Market: Key Players

IBM Corporation, Rapid7, Inc., Microfocus, Qualys, Inc., Synopsys Inc., Core Security SDI Corporation, Whitehat Security, Trustwave Holdings, Inc., Checkmarx.com LTD, VERACODE, Inc., Secure Works Inc., Acunetix, Contrast Security, and Paladion Network Private Limited are some of the key companies operating in the global penetration testing market.

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Global Penetration Testing Market: Segmental Analysis and Forecast

By type, the global penetration testing market is segmented into network penetration testing, web application penetration testing, mobile application penetration testing, social engineering penetration testing, and cloud infrastructure penetration testing. Among the type segments, the web application penetration testing segment dominated the global penetration testing market with a 27.8% share in terms of revenue in 2016. However, the mobile application penetration testing segment is expected to exhibit relatively high growth rates in terms of revenue, registering a CAGR of 14.9% over the forecast period.

On the basis of component, the global penetration testing market is segmented into software, and pen-test services (Consulting and Software-as-a-Service). Pen-test services segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 14.4% during the forecast period.

By enterprise size, the segmentation comprises small and medium enterprises and large enterprises. In terms of value, the large enterprises segment is projected to be the most attractive segment in the global penetration testing market over the forecast period. In 2016, the large enterprises segment was the dominant segment, valued at US$ 316.9 Mn, and is expected to remain dominant in terms of revenue throughout the forecast period.

By vertical the market is segmented into BFSI, healthcare and life sciences, consumer goods and retail, automotive, IT and telecommunication, media and entertainment, government, and others. The IT and telecommunication segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 14.6% during the forecast period.

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Global Penetration Testing Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are covered in this report. North America was the dominant market in 2016 in terms of revenue in the global penetration testing market. In the coming years, North America is expected to be a key market for substantial revenue generation. In terms of value, the North America market is projected to be the most attractive regional market for penetration testing during the forecast period.

Table Of Content

1. Executive Summary

2. Market Introduction

3. Market View Point

4. Global Market Analysis 2012–2016 and Forecast 2017–2027

5. North America Penetration Testing Market Analysis 2012–2016 and Forecast 2017–2027

6. Western Europe Penetration Testing Market Analysis 2012–2016 and Forecast 2017–2027

7. Eastern Europe Penetration Testing Market Analysis 2012–2016 and Forecast 2017–2027

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Smart Kitchen Appliances Market 2022 Assessment and Key Insights Analyzed Till 2026

Smart kitchen appliances deliver higher efficiency, comfort, convenience and increased safety as compared to traditional kitchen appliances. Smart kitchen appliances are equipped various components and hardware with sensing technologies as well as advanced connectivity features with the help of which they can be connected to mobile phones or tablets with a view to enable remote access. Safety, enhanced productivity, increased comfort, reduction in wastage, increased energy saving, and efficient power consumption are few of the benefits of smart kitchen appliances. The increased per capita expenditure owing to higher disposable income of individuals around the globe and tech savvy nature of individuals is expected to drive the global smart kitchen appliances market.

The global market for smart kitchen appliances is expected to grow at a meteoric CAGR throughout the period of forecast and is anticipated to reach a market valuation of more than US$ 2200 Mn by the end of the year of forecast (2026).

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Global Market for Smart Kitchen Appliances: Dynamics Influencing Growth

There are various factors that have propelled the use of smart kitchen appliances. Kitchen is one of the most important facility in any house and needs to be kept up to date. The smart technology has been applied in this section with a view to enhance and modify current kitchen scenario. The increasing percentage of working population has made it imperative for manufacturers to develop a technology that can be used to control and monitor home remotely. This concept gave rise to smart kitchen appliances that can be remotely accessed. Additionally, various benefits associated with smart kitchen appliances have surged the demand in the coming years. The increasing disposable income, growing adoption of Internet of Things (IoT), favourable government initiatives and technological advancements to manufacture new smart kitchen products have contributed to the growth of the global smart kitchen appliances market. However, higher pricing is a factor of concern that has challenged the market’s growth.

Global Market for Smart Kitchen Appliances: Segmental Snapshot

The global smart kitchen appliances market has been segmented on the basis of components, by appliances, by connectivity technology and by region.

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By region, Europe is the most attractive from a growth perspective. This region has shown high growth potential and is marked with increased adoption of smart kitchen appliances. The market for smart kitchen appliances in Europe is estimated to reach a high market valuation as compared to other regions thus leading the global market
In the components category, the hardware and software segments are expected to reflect high market valuations. By the end of the year of forecast, the valuation of hardware segment is poised to touch US$ 917 Mn. The software segment is projected to grow at the highest rate during the forecast period
By connectivity technology, the Wi-Fi segment is expected to dominate the global market in terms of market strength followed by the bluetooth segment. This segment is also expected to grow at a higher CAGR throughout the assessment period
By appliances, smart oven segment is the fastest growing and is expected to reflect a value CAGR of more than 18% throughout the forecast period

Global Market for Smart Kitchen Appliances: Competition Tracking

The research report has profiled key companies such as Dacor, SectorQube, Onida, General Electric Co., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Haier Group, Panasonic Corporation, AB Electrolux, LG Electronics and Whirlpool Corporation.

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Detailed market segmentation

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Components

Hardware
Software
Services

Appliances

Smart Refrigerator
Smart Coffee Maker
Smart Dishwasher
Smart Cookware & Cooktop
Smart Oven
Other Appliances

Connectivity Technology

Bluetooth
Wi-Fi Market
NFC
Others

Table Of Content

1. Global Outlook

2. Global Smart Kitchen Appliances Market – Executive Summary

3. Global Smart Kitchen Appliances Market Overview

4. Global Smart Kitchen Appliances Market Analysis and Forecast 2012-2026

5. North America Smart Kitchen Appliances Market Size and Forecast, 2012-2026

6. Latin America Smart Kitchen Appliances Market Size and Forecast, 2012-2026

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ePayment System Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2026

The global ePayment system market is expected to grow at a CAGR of 13.4% in terms of value during the forecast period. The ePayment system market is estimated to be valued at US$ 256,078.0 Mn in 2017, and is projected to grow significantly to reach US$ 793,797.4 Mn by 2026. Furthermore, the growth of the global ePayment system market can be primarily attributed to the rapid expansion of the e-Commerce sector, along with the increasing consumer demand for a quick, easy, secure, and streamlined shopping experience. Several businesses are upgrading their payment terminals, creating further opportunity for retailers to offer additional payment options. In addition, the proliferation of smartphones is positively supporting the growth of the ePayment system market across the globe.

Furthermore, increasing Internet banking and Internet shopping have significantly pushed the use of ePayment system across the globe. ePayment systems have grown increasingly over the last few decades, due to the spread of Internet technologies. As the world advances more with technology development, it is creating the demand for ePayment systems.

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Global ePayment System Market: Segmental Analysis

In this report, FMI has segmented the global ePayment system market on the basis of product type, payment mode, and region. By product type, the ePayment system market is sub-segmented into software platforms and services. The software platforms sub-segment is poised to reflect higher lucrativeness, and is likely to lead the global ePayment system market in the years to follow. This segment showcases dual dominance, in terms of both, market share and growth rate for the ePayment system market during the forecast period. Due to the rising e-Commerce market, the software platforms sub-segment of the global ePayment system market is expected to account for more than 65% market share in 2017. In addition, the services sub-segment of the ePayment system market is estimated to register a high CAGR of 12.5% during the forecast period. This segment is estimated to reach US$ 229,810.2 Mn by the end of 2026 in the ePayment system market.

On the basis of payment mode, the global ePayment system market is sub-segmented into credit cards, e-wallets, debit & other cards, bank transfer, cash on delivery, and other modes. The credit cards sub-segment is estimated to dominate the overall ePayment System market. This segment is estimated to reach US$ 272,470.3 Mn by the end of 2026. In addition, the e-wallets ePayment system segment is expected to expand at a 15.2% CAGR over the forecast period in the ePayment systems market, and be valued at US$ 190,697.2 Mn by 2026 end.

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Key Developments by Vendors in the Global ePayment System Market

In November 2017, MasterCard provided the Verifone M/Chip Fast technology, enabled with a unique code with tap to pay for all transactions, which will be helpful during peak holiday shopping seasons. In May 2017, the company also entered into a partnership with Zain, to launch mobile wallets in Jordan.
In December 2017, Worldpay, a global leader in payments, announced that it will partner with Klarna, a leader in invoice and credit-based payments, to further enhance its product portfolio. Worldpay customers trading in Austria, Finland, Germany, the Netherlands, Norway, Sweden, and the United Kingdom, and wishing to accept payments on invoices or instalments, will be able to use Klarna’s invoice and credit-based payments from Worldpay. This will help e-Commerce businesses to improve conversion rates by up to 20%, and provide a fast and smooth checkout process.
On July 25, 2017, AGTech Holdings Limited entered into a joint venture (JV) agreement with One97 Communications Ltd. AGTech Holdings will hold a 45% stake in the JV, while Paytm will hold the remaining. As part of the agreement, Paytm will invest US$ 8.8 million and AGTech Holdings US$ 7.2 million in the new venture.

Key Segments

By Product Type

Software Platforms
Services

By Payment Mode

Credit cards
E-wallets
Debit & Other Cards
Bank Transfer
Cash on Delivery
Other Modes

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Table Of Content

1. Global Outlook

2. Global E-Payment System Market – Executive Summary

3. Global E-Payment System Market Overview

4. Global E-Payment System Market Analysis and Forecast 2012-2026

6. Latin America Global E-Payment System Market Size and Forecast, 2012-2026

7. Europe Global E-Payment System Market Size and Forecast, 2012-2026

8. Japan Global E-Payment System Market Size and Forecast, 2012-2026

9. APEJ Global E-Payment System Market Size and Forecast, 2012-2026

10. MEA Global E-Payment System Market Size and Forecast, 2012-2026

11. Global E-Payment System Market Company Share, Competition Landscape and Company Profiles

12. Research Methodology

13. Secondary and Primary Sources

14. Assumptions and Acronyms

15. Disclaimer

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Cross-platform and Mobile Advertising Market : Notable Developments & Geographical Outlook 2022 to 2028

Future Market Insights (FMI) recently published a market report titled ‘Cross-Platform and Mobile Advertising Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.’ The cross-platform and mobile advertising market is playing an important role in the advertising industry because of the increasing penetration of the Internet, globally. Companies of cross-platform and mobile advertising platform are working with social media platforms such as Facebook, Instagram, and many more to provide the advertisement of products and services. Moreover, e-Commerce websites are also advertising ads of different clients and brands to the user, which in turn boosting the cross-platform and mobile advertising market.

The global cross-platform and mobile advertising market is estimated to expand at a CAGR of over 21% during the forecast period. This stellar growth in the global cross-platform and mobile advertising market can be attributed to the global advertising industry with rising globalization and digitalization.

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In addition, with technological advancements in analytics, cross-platform and mobile advertising firms are able to offer various customized solutions to their clients. These are the factors that are driving the cross-platform and mobile advertising market. The South Asia region is expected to hold a prominent share of the cross-platform and mobile advertising market as compared to other regions. The established cross-platform and mobile advertising platform providers in the market are providing innovative cross-platform and mobile advertising platform for different industries such as retail, automotive, IT & Telecom, manufacturing, among others.

Future Market Insights has segmented the global cross-platform and mobile advertising market advertisement type, platform, end user, vertical, and region. By advertisement type, the market is segmented into search, native media, display, video, SMS, and audio. The cross-platform and mobile advertising market in several countries is playing a vital and important role by offering multiple advertising services in almost every domain.

On the basis of end user, the cross-platform and mobile advertising market is segmented into small and medium enterprises and large enterprises. The large enterprises sub-segment is expected to hold a prominent market share throughout the forecast period. However, the small and medium enterprises sub-segment is expected to continue to find new areas of applications of cross-platform and mobile advertising in different regions. This is expected to enable the cross-platform and mobile advertising market to record the prominent growth rate during the forecast period.

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The cross-platform and mobile advertising market is also finding new applications and deployments in other industry verticals as well. Geographically, the presence of a large number of cross-platform and mobile advertising platform providers in North America is estimated to enable the cross-platform and mobile advertising market in the region to hold the highest market share by the end of 2018. The cross-platform and mobile advertising market in South Asia is projected to record the prominent growth rate as compared with other regional cross-platform and mobile advertising markets. Continuous advancements in the digital advertising sector are expected to facilitate the high growth rate of the South Asia cross-platform and mobile advertising market.

According to FMI analysis, acquisitions, strategic mergers, and partnerships cross-platform and mobile advertising platform providers are expected to enable the market players to increase their revenue generation and sales. Google and Facebook are expected to hold the largest shares of the global cross-platform and mobile advertising market during the forecast period. Some of the market participants profiled in the global cross-platform and mobile advertising market report are Google, Inc., Facebook, Inc., SAP SE, Verizon Digital Media Services, Inc., 4INFO, Apple, Inc., Amobee, Inc. (SingTel), Inmobi, Microsoft Corporation, and AdColony.

Key Segments

On the basis of advertisement type, the global cross-platform and mobile advertising market has been segmented into:

Search
Native Social
Display
Video
SMS
Audio

By platform, the global cross-platform and mobile advertising market has been segmented into:

Smartphones
Tablets
Desktops
Smart Televisions

On the basis of End User, the global cross-platform and mobile advertising market has been segmented into:

Small and Medium Enterprises
Large Enterprises

On the basis of end-use, the global cross-platform and mobile advertising market has been segmented into:

Telecom and IT
Finance & Insurance
Media & Entertainment
Retail
Healthcare & Social Assistance
Energy and Utility
Public Administration
Others

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Key Questions Answered in the Report

What shape is the cross-platform and mobile advertising market expected to take in terms of the value during the study period?
How has the cross-platform and mobile advertising market evolved over the past four years?
What are the trends in the cross-platform and mobile advertising market?
What are the prevailing market dynamics in the cross-platform and mobile advertising market?
What are the key challenges, opportunities and improvement factors for market players in the global cross-platform and mobile advertising market?
What are the underlying macroeconomic and industry factors impacting the growth of the cross-platform and mobile advertising market?
How has the competition evolved in the cross-platform and mobile advertising market over the past few years?
What are the market positioning and key strategies of key platform providers in the global cross-platform and mobile advertising market?

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HVDC Transmission Systems Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2028

The approximately US$ 7.5 billion HVDC transmission systems market is anticipated to observe strong growth in the revenue in 2019 and ahead. FMI has conducted structured market research on the global HVDC transmission systems market. The report, titled ‘HVDC Transmission Systems Market Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028,’ evaluates the market and projects a promising growth outlook for the market in the course of coming years.

On the basis of FMI’s study, the global market for HVDC transmission systems will witness prominent demand generation from power transmission industries. Increasing demand for HVDC transmission systems in emerging economies is expected to particularly drive the revenue growth of global HVDC transmission systems market in the near future, according to the report.

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Increasing demand for HVDC transmission systems in offshore wind projects is expected to contribute to the growth of the HVDC transmission systems market over the forecast period. Moreover, the expenditure incurred by the total direct current transmission line over long distances is considerably lower than the alternating current transmission line installed over the same distance. Growing demand for HVDC transmission systems for long-distance transmission is thus expected to fuel the growth of the HVDC transmission systems market in the coming years.

Expensive Installation Remains Longstanding Factor Limiting Rapid Growth of HVDC Transmission Systems Market

On the flip side, HVDC transmission systems require the installation of various components, such as converters, smoothing reactors, and harmonic filters, to reduce or absorb the harmonics that are produced during the transmission process. These components, which are costly, add to the already high cost of installation. High installation cost of HVDC transmission systems is thus estimated to be a prime factor hampering the growth of the market over the forecast period. Moreover, HVDC transmission systems require expensive conversion stations and spare parts for maintenance, which is also expected to challenge the growth of the global HVDC transmission systems market during the forecast period.

North America & APEJ to Remain Key Markets for HVDC Transmission Systems Manufacturers

An in-depth analysis of the market suggests that the overall size of the global HVDC transmission systems market will grow at a substantial rate during the forecast period. Several optimistic variations are likely to contribute to the growth of the HVDC transmission systems market.

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By region, North America is estimated to dominate the global HVDC transmission systems market throughout the forecast period. North America, followed by Asia Pacific excluding Japan (APEJ), is estimated to remain among the dominant regions. APEJ, followed by Japan, is expected to expand at a high CAGR over the forecast period.

By system component, the solution segment is estimated to dominate the HVDC transmission systems market with a value of US$ 5,278.8 Mn in 2018. Among the solution segments, the AC & DC harmonic filters segment is expected to create an incremental $ opportunity worth US$ 674.6 Mn during the forecast period. However, the services segment is estimated to expand at a significant CAGR in the global HVDC transmission systems market over the forecast period.

By technology, the Voltage Source Converters (VSC) segment is expected to hold a dominant value share in the global HVDC transmission systems market. The segment is projected to expand with a high CAGR owing to the increasing applications of VSCs in wind farm grids for underground power transmission.

By deployment, subsea & underground cables are gaining popularity as these cables transmit lower losses than overhead cables. In value terms, the subsea segment is projected to create an incremental $ opportunity worth US$ 3,068.8 Mn in the global HVDC transmission systems market over the forecast period.

Global HVDC Transmission Systems Market: Competitive Landscape

Some of the key players involved in the manufacturing of HVDC transmission systems, which are included in this study, are

ABB Ltd.,
Toshiba Corporation,
Siemens AG,
General Electric,
Mitsubishi Electric Corporation,
Prysmian SpA,
Abengoa S.A.,
TransGrid Solutions Inc.,
ATCO Ltd.,
LS Industrial Systems Co., Ltd.

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HVDC Transmission Systems Market: Segmentation

On the basis of system component, the global HVDC Transmission Systems market has been segmented into:

Solution
- AC & DC Harmonic Filters
- Converters
- DC Lines
- Circuit Breakers
- Others
Services

On the basis of technology, the global HVDC Transmission Systems market has been segmented into:

LCC (Line Commutated Converters)
VSC (Voltage Source Converters)
Others

On the basis of deployment, the global HVDC Transmission Systems market has been segmented into:

Overhead
Underground
Subsea
Combination

On the basis of power rating, the global HVDC Transmission Systems market has been segmented into:

Below 1000 MW
1000 – 2000 MW
2000 MW & above

Key Questions Answered in the Report

How is the HVDC transmission systems market expected to grow in terms of value during the study period?
How has the HVDC transmission systems market evolved over the past four years?
What are the competition developments and trends in the HVDC transmission systems market?
What are the prevailing market dynamics in the HVDC transmission systems market?
What are the key challenges, opportunities, and improvements faced by market players in the global HVDC transmission systems market?
What are the underlying macro-economic and industry factors impacting the growth of the HVDC transmission systems market?
How has the competition evolved in the HVDC transmission systems market over the past few years?
What is the market positioning and what are the key strategies adopted by major manufacturers as per the market taxonomy in the global HVDC transmission systems market?

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ePassport Market 2022 Key Players, End User, Demand and Consumption by 2028

The number of ePassports closed in on approximately 263,966 thousand units in 2018, and will record 19% Y-o-Y growth in 2019, according to a new study of Future Market Insights (FMI). Prospects of the ePassport market are influenced by a plethora of factors, ranging from protocols implemented by regulatory bodies such as ICAO, ACI, and IATA to improve border security, to smart airport initiatives such as biometrics.

The report on the ePassport market offers a detailed analysis of the market volume (Units), market drivers, challenges, opportunities and trends, industry growth factors, and value chain along with the collective opinion and perspectives of ePassport market participants. According to FMI analysis, the global ePassport market was valued at 16,458.1 Mn in 2017 and is projected to witness 7.4X expansion at an estimated CAGR of 22.1% during 2018-2028.

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Prominent Trends Governing Global ePassport Market

The global ePassport market report highlights various supply and demand side trends along with strategic recommendations and a detailed analysis of the ePassport market on the basis of various segments.

With the growing incidences of terror attacks and illegal activities on an international level, there is a strong demand for data encryption and data protection. Regulatory bodies such as ICAO, IATA, and ACI have formed numerous protocols to improve border security and thus, ePassports have been witnessing strong demand.

RFID Remains Preferred Technology while Biometrics Gain Marked Significance

According to the study, RFID technology has witnessed widespread adoption in ePassport generation, with global sales estimated at over 207,396 thousand units in 2018. New applications of RFID for ePassport have been introduced, however considerable privacy and security risks have been identified recently. This has led to the incorporation of multistage authentication for verification of ePassports, resulting in the adoption of biometrics in combination with RFID to reduce identity theft and fraud, while aiding governments in furthering their border security.

Data Security – A Key Challenge in Global ePassport Market

Although numerous advantages are associated with the use of ePassports, there are also a couple of disadvantages. For instance, if the owner loses an ePassport, someone can gain access to the chip for free. Fake chips can also be easily uploaded and hence, these passports are also not totally secure.

Biometric and chip-based information can also be hacked and utilized for illegal purposes, which is one of the major limitations of ePassports.

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Key Players in Global ePassport Market

Some of the key players reported in this study of the global ePassport market include Gemalto N.V., HID Global Corporation, 4G Identity Solutions Private Limited, CardLogix Corporation, Infineon Technologies AG, IDEMIA, Eastcompeace Technology Co., Ltd., Primekey Solutions AB, and Entrust Datacard Corporation, among others.

Global ePassport Market Segmentation

By Technology

RFID
Biometrics

By Application

Business Travel
Leisure Travel

By Security

Basic Access Control (BAC)
Password Authenticated Connection Establishment (PACE)
Supplemental Access Control (SAC)
Extended Access Control (EAC)

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Road Map

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Market Background

4. Global e-Passport Market Demand Value & Volume Analysis 2013-2017 and Forecast, 2018-2028

5. Global e-Passport Market Analysis 2013-2017 and Forecast 2018-2028, by Technology

6. Global e-Passport Market Analysis 2013-2017 and Forecast 2018-2028, by Application

7. Global e-Passport Market Analysis 2013-2017 and Forecast 2018-2028, by Security

8. Global e-Passport Market Analysis 2013-2017 and Forecast 2018-2028, by Region

9. North America e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

10. Latin America e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

11. Middle East and Africa e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

12. Oceania e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

13. Europe e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

14. South Asia e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

15. East Asia e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

16. Emerging Countries e-Passport Market Analysis 2013-2017 and Forecast 2018-2028

17. Market Structure Analysis

17.1. Market Analysis by Tier of Companies

17.2. Competition Dashboard

18. Competition Analysis

19. Assumptions and Acronyms Used

20. Research Methodology

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