Market Research Blog – Page 1550 – New Product Development

Electric Cargo Bike Market Poised to Surpass USD 6.2 Billion by 2033, with a 11.4% CAGR | FMI Reports

The global electric cargo bike market is projected to grow from USD 2.1 billion in 2023 to USD 6.2 billion by 2033, reflecting a compound annual growth rate (CAGR) of 11.4% over the forecast period.

This growth is largely driven by the surge in e-commerce, which has heightened the demand for efficient last-mile delivery solutions. Electric cargo bikes are ideally suited to address the challenges of urban areas, where congestion and limited parking space can impede the effectiveness of delivery vans and trucks. These bikes provide a faster, more cost-effective delivery option, making them increasingly attractive as e-commerce continues to expand.

The rising demand for electric cargo bikes is further fueled by significant investments from key industry players responding to the booming e-commerce sector. For instance, on November 24, 2022, Amazon announced plans to expand its electric cargo bike fleet in the United Kingdom. This initiative aims to improve delivery efficiency and contribute to the decarbonization of the transportation network used for package deliveries.

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The growing e-commerce market, combined with the impact of the pandemic, has accelerated the need for home delivery services. Consequently, businesses are investing more in enhancing logistics and transportation to reduce downtime, cut costs, and boost customer satisfaction. This increased investment is expected to drive further demand for electric cargo bikes in the coming years.

Key Takeaways

The United States electric cargo bike market is expected to grow with a CAGR of 9.5% during the forecast period.
The demand for electric cargo bikes in Australia is expected to grow with a CAGR of 11.5% during the forecast period.
By battery type, the lithium-ion battery segment is projected to grow with an impressive CAGR of 12% during the forecast period.
The market in Germany is expected to grow with a significant CAGR of 11.6% throughout the forecast period.

“The thriving e-commerce industry and use of electric cargo bikes for fast parcel deliveries are expected to drive market growth during the forecast period,”– comments an FMI analyst.

Competitive Landscape

The market for electric cargo bike is highly competitive, with numerous prominent industry players making substantial investments in their production.

The key industry players are Jiangsu Xinri E-Vehicle Co. Ltd., Jinhua Jobo Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, NIHOLA, Babboe, Yuba Electric Cargo Bikes, BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH ), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc, Amsterdam Bicycle Company, Triobike.

Some recent developments in the electric cargo bike market are:

In October 2022, French company Douze Cycles introduced a series of cargo bikes comprising four models, three of which feature electric assistance. These bikes offer an impressive hauling capacity of up to 205 kg.
In June 2022, Tern unveiled NBD, a low-step e-bike capable of supporting a maximum gross vehicle weight of 140 kg. It features a rear rack with a capacity of up to 27 kg and a front rack that can handle up to 20 kg.
DOUZE Factory SAS, a French company specializing in cargo bike design and manufacturing, revealed a collaboration with Toyota on March 8, 2023. Together, they will co-develop and launch a new lineup of electric cargo bikes.
On November 3, 2022, Yuba Bikes from California introduced their popular non-motorized ‘longtail’ bicycles. These bikes have an extended deck for carrying cargo or passengers. Yuba expanded their cargo bike range with the new Fastrack model, featuring a patent-pending integrated Dual Rack System that can be adjusted in four ways to accommodate different cargo or passenger.

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Key Segments Profiled in the Electric Cargo Bike Industry Survey

By Product Type:

Two Wheeled
Three Wheeled
Four Wheeled

By Battery Type:

Lead-Based
Nickel Based
Lithium Ion

By End-Use:

Courier & Parcel Service Provider
Large Retail Supplier
Personal Transportation
Service Delivery
Waste & Municipal Services

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and 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.

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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Ship Repair and Maintenance Service Market to Reach USD 53,375.69 Million by 2034, Growing at a 6.6% CAGR | FMI Reports

The ship repair and maintenance service market is projected to be valued at USD 28,169.45 million in 2024. With a moderate CAGR of 6.6% from 2024 to 2034, the global market is expected to reach USD 53,375.69 million by 2034.

The expanding manufacturing industry and increased industrialization have led to higher consumption of logistics services, including ship-based logistics operations, driving demand in the ship repair and maintenance services market.

Rapid industrialization and the preference for cost-effective seaborne trade over expensive airborne logistics are expanding the market size for ship repair and maintenance services.

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The rise in industrial manufacturing goods and the effects of globalization have significantly increased the demand for ship repair and maintenance services. Additionally, reconditioning and transforming ships have contributed to market growth.

Government programs aimed at enhancing shipbuilding and maintenance practices through tax incentives, coupled with proliferating private investments, are likely to boost the adoption of ship repair and maintenance services.

Ship owners consider repair and maintenance essential for ensuring ship health and cargo safety, resulting in long-term savings of time and money.

Key Points

The Asia Pacific region tops the tally when it comes to the consumption of ship repair and maintenance services, while China holds the biggest market share of USD 9.1 Billion in 2023 and highest CAGR of 7.4 during the forecast period.
Followed by China, South Korea to cross a value of USD of 4.2 Billion by 2033.
Being another significant market for ship repair and maintenance services, US thrives at a CAGR of 4.8% during the forecast period while expecting a value of USD 1.6 Billion by 2033.
Oil and chemical tankers segment performs better than its counterparts in the vessel type category as it goes through the regressive routine and carries tons of oil through the longer commercial sea routes. It is expected to thrive at a CAGR of 6.4% during the forecast period.
The service and maintenance of hull is the ship’s watertight enclosure and it tops the service type category with a CAGR of 6.2% by 2033.

Competitive Landscape

The competitors focus on the addition of newer maintenance equipment and technology. Furthermore, the vendors also work on the “One stop shop” model to provide each service type under one roof.

Key players in the ship repair and maintenance services market are: Damen Shipyards Group, Sembcorp Industries Ltd, Cochin Shipyard Limited, China Shipbuilding Industry Corporation, Fincantieri S.p.A., Dae Sun Shipbuilding & Engineering Co. Ltd, Hyundai Mipo Dockyards Co. Ltd, Arab Ship building and Repair Yard Company, Keppel Corporation Limited, United Shipbuilding Corporation, Alexandria Shipyard, Dormac Ship repairs, Astican, and HOSEI CO. LTD

For instance:

Arab Shipbuilding and Repair Yard Company has revisited the business model and added ship recycling in its services. Other than this, the company provides ship repair & conversion, rig repair, and navel repair along with fabrication and engineering.
Dormac Ship repairs introduce its repair services like CNC machining, fabrication, cofferdam repairs, electrical circuit repairing etc.

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Key Segmentations

By Vessel Type:

Oil and Chemical Tankers
Bulk Carriers
General Cargo
Container Ships
Gas Carriers
Offshore Vessels
Passenger Ships and Ferries
Mega Yachts and Other Vessels

By Service Type:

General Services
Dockage
Hull Part
Engine Parts
Electric Works
Auxiliary Services

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Automotive Lighting Market Set to Hit USD 69 Billion by 2033, Growing at a CAGR of 6.4% | FMI Reports

The global automotive lighting market is anticipated to reach a valuation of USD 37.1 billion in 2023 and is projected to grow to USD 69 billion by 2033, reflecting a CAGR of 6.4% during the forecast period.

The automotive lighting market encompasses the manufacturing, distribution, and installation of lighting systems for various vehicles, including cars, trucks, motorcycles, and buses. These lighting systems serve both functional and aesthetic purposes, enhancing visibility, safety, and vehicle styling.

Market Growth:
Increasing Vehicle Production: A rise in the production of vehicles globally boosts the demand for automotive lighting systems.
Technological Advancements: Innovations in lighting technology, such as LED and laser lights, contribute to market growth.
Safety Regulations: Stringent safety regulations necessitate advanced lighting systems to improve road safety.
Consumer Demand: Growing consumer interest in advanced lighting features for better aesthetics and functionality fuels the market.

As automotive manufacturers prioritize safety, energy efficiency, and design aesthetics, the demand for innovative lighting solutions continues to rise, propelling the growth of the automotive lighting market.

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Types of Automotive Lighting: Automotive lighting systems include various types of lights designed for different purposes, including:

Headlights: Illuminate the road ahead and improve visibility for the driver, especially during nighttime driving.

Taillights: Signal the vehicle’s presence and intentions to other road users, including braking, turning, and reversing.

Daytime Running Lights (DRLs): Enhance the vehicle’s visibility during daylight hours, improving safety and reducing the risk of accidents.

Fog Lights: Illuminate the road in low-visibility conditions, such as fog, rain, or snow, to improve driving safety.

Interior Lighting: Provides illumination inside the vehicle cabin for visibility, convenience, and ambiance.

Technological Advancements: The automotive lighting market is characterized by continuous technological advancements aimed at improving performance, efficiency, and safety. Key advancements include the adoption of LED (Light-Emitting Diode) and OLED (Organic Light-Emitting Diode) technology, which offer benefits such as energy efficiency, longer lifespan, and design flexibility. Additionally, adaptive lighting systems, automatic high-beam control, and dynamic lighting features are becoming increasingly common in modern vehicles, further enhancing safety and driver comfort.

Regulatory Landscape: Regulatory standards and safety requirements play a significant role in shaping the automotive lighting market. Government regulations mandate specific lighting features and performance standards to ensure vehicle safety and compliance with road traffic laws. Manufacturers must adhere to these regulations and obtain certifications to market their lighting products globally.

Key Players

Koito Manufacturing Co. Ltd.
Hella KGaA Hueck & Co.
Stanley Electric Co.
Valeo SA
Osram Licht AG
Magnetti Marelli
Varroc Group
ZKW Group
Ichikoh Industries Ltd.
General Electric Company

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Key Segments Profiled in the Automotive Lighting Market Industry Survey

By Application:

Front Headlights
Fog Lights
Rear Lights
Side Lights
Interior Lights

By Vehicle Type:

Passenger Cars
Compact
Mid
Luxury
SUVs
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Battery Electric
Plug-in Hybrid Electric
Hybrid Electric
Two Wheelers
Motorcycles
Scooters

By Light Source:

Halogen
LED
Xenon

By Sales Channel:

OEM
Aftersales

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Market Outlook:

The automotive lighting market is expected to continue growing in the coming years, driven by factors such as increasing vehicle electrification, advancements in connected and autonomous vehicles, and rising demand for energy-efficient and environmentally friendly lighting solutions. As automotive lighting technology continues to evolve, opportunities for innovation and market expansion are likely to emerge, particularly in areas such as adaptive lighting systems, smart lighting controls, and customizable lighting designs.

Overall, the automotive lighting market represents a vital component of vehicle design, safety, and functionality, offering opportunities for manufacturers, suppliers, and consumers to benefit from innovative lighting solutions that enhance visibility, efficiency, and driving experience.

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Global Coffee Cherry Market Expanding at an 8.4% CAGR until 2034, reaching USD 1,452.4 million | FMI

Future Market Insights’ updated study on the coffee cherry market projects demand to incline at a robust 8.4% CAGR from 2024 to 2034. A market valuation of US$ 1,452.4 million is estimated by the end of the aforementioned period of assessment. As of 2024, coffee cherry sales are appraised at US$ 645.4 million.

The scope for coffee cherry sales is inclining, thanks to dramatically altering weather patterns. Erratic precipitation in coffee producing regions such as the Central and South America are compelling farmers to adapt to alternative cultivation approaches- including the introduction of more resilient crop varieties and deploying shade grown techniques.

In recent years, consumers have gravitated toward consuming specialty or artisanal coffee. Capitalizing on their preference for exotic beverages, numerous coffee and coffee product companies are expanding their revenue prospects in the artisanal domain. Brands such as Intelligentsia, Spirit Animal Coffee, and Adams and Russel have all acquired significant prominence. Attributed to this growing popularity of artisanal coffee, lead analysts at FMI forecast a highly optimistic outlook for the coffee cherry ecosystem in the coming years.

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Key Takeaways from the Market Report

From 2019 to 2023, the coffee cherry market advanced at an 8.3% CAGR.
By form, powdered extract is likely to yield 89.4% of the coffee cherry market revenue in 2024.
Nearly 3 out of 5 coffee cherry products will be marketed via B2C sales channels.
India pivots global coffee cherry market growth, with an anticipated 11.2% CAGR until 2034.
Sales in the United States to incline at an 8.9% CAGR from 2024 to 2034.
Global coffee cherry market to expand twofold in the upcoming forecast period.

“Given its status as a premium and luxury beverage, global coffee consumption is inclining. To address this growing demand, market players are making efforts to expand their coffee offerings, a development which provides significant momentum for the coffee cherry market,” remarks an analyst at FMI.

Competitive Landscape

From capitalizing on consumers’ taste buds to implementing sustainable production practices, prominent coffee cherry manufacturers are deploying a host of expansion strategies. Investing in state-of-the-art manufacturing technology, implementing cost-effective production approaches, and incorporating environmentally friendly business policies are a few tactics relied upon by key players.

Key Developments in the Coffee Cherry Ecosystem

Caribou Coffee announced in March 2024 the completion of its brand licensing transaction with JDE Peet’s. This step will enable Caribou to focus on its core retail coffeehouse businesses while simultaneously allowing Peet’s to expand its premium coffee portfolio in North America.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the coffee cherry market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the coffee cherry market, the market is segmented based on sales channel (B2B and B2C), form (powdered extract and liquid extract), claim (conventional and organic) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).

Detailed Market Breakdown: Comprehensive Full Report

About the Food and Beverage Domain at Future Market Insights

The food and beverage domain at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Global Chatbot Market is Expected to Generate USD 4.9 Billion by 2033: Future Market Insights, Inc.

The chatbot market is expected to record a staggering 21.6% CAGR between 2023 and 2033. The chatbot market is expected to expand from USD 696.4 million in 2023 to USD 4.9 billion by 2033. The growing acceptance of customer service activities among organizations to reduce operating expenses is boosting market expansion.

A chatbot is a collaborative application that is created using artificial intelligence technology and a set of rules. It is designed for human connection via textual discussion and is equipped with a variety of messaging features to assist users from a variety of industries.

Various advancements in artificial intelligence and machine learning technologies are likely to improve the characteristics of chatbots, hence increasing chatbot demand.

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Analyzing Factors Shaping the Chatbot Market: Trends, Technologies, and Key Drivers

Chatbot Technology Adoption and Continuous Innovation

Continuous innovation and the introduction of new technology characterize the chatbot market. Advances in areas such as sentiment analysis, context awareness, and multi-language support are driving their acceptance across sectors and use cases.

Customer Service and Assistance

Chatbots have a lot of potential in the customer care and support industry. Chatbots may handle typical customer inquiries, provide real-time help, provide personalized recommendations, and decreases support expenses.

Advances in Natural Language Processing (NLP) and Artificial Intelligence (AI)

Chatbot capabilities have been greatly improved by the development of powerful AI and NLP technology. Allowing them to comprehend and reply to human language more efficiently. These developments have played a significant role in the market expansion of chatbots.

Voice-activated Assistants and Smart Speakers are Increasing

Voice-activated assistants like Apple Siri, Google Assistant, and Amazon Alexa have become very popular. The chatbot market is expanding as a result of the integration of chatbots with various voice-activated devices and smart speakers as they develop to allow voice conversations.

Financial Services and Banking

Chatbots can help with account management and deliver personalized financial advice by automating financial questions. They provide the potential to increase consumer involvement; lower operating expenses, and improve the overall banking experience.

Tourism and Hospitality

Chatbots may help travelers book flights, hotels, and rental vehicles. As well as make travel recommendations, answer FAQs, and provide real-time assistance during their trip. They have the potential to improve consumer satisfaction and streamline travel-related activities.

Market Restraints

Absence of Emotional Intelligence and Human Contact

While chatbots are excellent at addressing common questions and giving prompt answers. They frequently lack the personal touch and emotional intelligence that clients want. The broad use of chatbots in some businesses or situations may be constrained by certain clients’ preferences for human connection when dealing with complex or delicate matters.

Cultural and Language Barriers

Understanding and responding to different languages, dialects, accents, and cultural quirks can be difficult for chatbots. Due to their potential difficulty in providing correct and culturally appropriate solutions, language hurdles may limit their adoption in international markets or consumer bases that speak many languages.

Key Takeaways

By 2033, the North American market may hold a 29.3% market share.
From 2023 to 2033, Europe may gain 24.3% of the market share.
Between 2023 and 2033, the United States may hold a market share of 20.4%.
Germany’s market share maybe 10.1% by the year 2033.
Japan may earn 8.2% of the market share between 2023 and 2033.
Australia may hold a 2.9% market share between 2023 and 2033.
Mobile-based segment from the platform category to acquire a market share of 56.7% by 2033.
Large Enterprises segment in the enterprise category to hold a market share of 61.5% between 2023 and 2033.
China may see a CAGR of 24.3% between 2023 and 2033.
Japan may experience a CAGR of 22.5% between 2023 and 2033.
United Kingdom to see a CAGR of 23.2% between 2023 and 2033.

Competitive Landscape

As businesses from all industries become more aware of the advantages of deploying chatbot solutions, competition in the chatbot market has been constantly rising.

Chatbot development platforms, tools, and services are provided by substantial businesses and startups. Leading chatbot manufacturers include well-known technology firms, specialized chatbot platform suppliers, and startups with an AI focus. These vendors compete to create strong, scalable, and approachable chatbot solutions to fulfill various corporate needs.

Key Players

Meta
Alphabet
Haptik Inc.
Helpshift
Kasisto Inc.

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Recent Market Strategies

Tata Consultancy Services (TCS) and Walton Centre NHS Foundation Trust established a partnership in July 2022. To start creating digital solutions that boost specialist productivity and cut down on patient wait times. The diagnosis and care of headache patients at the Liverpool center may alter thanks to a groundbreaking AI-based chatbot that TCS plans to develop.
Glenmark Pharmaceuticals debuted a chatbot for WhatsApp in May 2022. Patients may receive reminders from this chatbot regarding their suggested course of therapy. This was introduced especially for patients with fungus infections. The interactive patient education tool ‘Hello Skin’ was developed by Glenmark in collaboration with the Indian Association of Dermatologists, Venereologists, and Leprologists (IADVL).

Key Segmentation

By Platform:

Mobile Based
Standalone

By Enterprise Size:

Small & Medium Enterprise
Large Enterprise

By Region:

North America
South America
Europe
Asia Pacific
The 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.

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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Global Cellular M2M Market is Expected to Generate USD 80,726.9 Million by 2033: Future Market Insights, Inc.

The global cellular M2M market is forecasted to expand at 19.1% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 14,018.0 million in 2023 and USD 80,726.9 million by 2033.

Over the last decade, the concept of communication has drastically evolved thanks to robust internet speed, the launch of advanced smartphones, and the emergence of apps like WhatsApp. Cellular M2M has emerged as an advanced technique to elevate contemporary communication networks.

Cellular M2M is one of the significantly advancing technologies present in the market. Due to its power to link millions of devices beneath a single network system, it is gaining widespread adoption.

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Cellular M2M is used in several application fields like 3G or 4G networks, home appliances, vending machine monitoring, and the healthcare sector. Growth in the aforementioned application areas is projected to catalyze the demand for cellular M2M services in the forecast period.

The increasing significance of cellular M2M in enabling connectivity by modifying cellular 3G or 4G data services is also projected to boost its market growth. Cellular M2M in combination with a 3G or 4G network is superior to 2G. This is because the former results in a flexible installation, broad coverage, backward compatibility, etc.

Increasing demand for cellular M2M connectivity to bolster the performance of IoT-based home appliances is propelling the market growth. For instance, firms like LG and Samsung are planning to offer intelligent home appliances and services to provide an elevated standard of living.

M2M facilitated washing machine is empowered to send notifications on the owners’ smartphones or any other smart device post the completion of washing or drying. Home appliances can work magic if linked with M2M connectivity, thus enhancing the quality of living.

Governments across the globe are recognizing the potential of the M2M sector and strengthening the same to reap its plenty of benefits. The government of India, for instance, is taking steps to invigorate the M2M ecosystem and enable broad penetration and advances in the sector over the coming years.

The M2M communication is projected to be crucial in the government initiatives like ‘Make in India’ and ‘Digital India’.

Top Highlights from the FMI’s Analysis of the Cellular M2M Market:

North America’s cellular M2M industry is projected to gain more than 28.6% value share in 2023. The United States market is expected to clock above 20.2% market share in the same year.
Europe’s cellular M2M industry represented a 23.4% market share in 2022.
The share of Germany’s market in the global cellular M2M industry is expected to be more than 8.9%.
The United Kingdom cellular M2M industry is anticipated to expand at 18.6% CAGR over the forecast period.
China market is expected to propel at a significant CAGR of 20.2% over the next decade.
India’s cellular M2M industry is projected to pace at 19.5% CAGR over the forthcoming years.
Based on function, the connectivity services segment acquired a 59.5% market share in 2022.
Based on application, the asset tracking, and monitoring segment procured 38.4% value share in 2022.

Market Competition is Stirring Based on Various Factors

On the competitive front, the key players from the cellular M2M industry are concentrating on delivering devices for enabling regular transactions. The ongoing shift in the consumer base of the cellular M2M industry is one of the key strategies that the leading players are going to leverage upon, going forward.

Other key strategies being employed by the leading market participants include acquisition and alliances with software firms. This is projected to help elevate the brand value of the services being offered.

Leading Key Players:

AT&T
Verizon
T-Mobile
Vodafone
Telefonica
Ericsson
Arm Holdings
KPN

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Key Segments in the Market

By Function:

Connectivity Services
Professional Services
Managed Services

By Application:

Asset tracking and monitoring
Predictive Maintenance
Telemedicine
Fleet Management
Warehouse Management
Industrial Automation
Smart meter

By Industry:

Healthcare
Energy and Utilities
Transportation and Logistics
Manufacturing
Others

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa (MEA)

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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Instant Fat Powder Market: Key Strategies, Historical Insights, Applications, Technologies, Trends, and Opportunities Through 2032

The global instant fat powder market (Markt für Instantfettpulver) is estimated to exhibit growth at a CAGR of around 4% to 5% during the forecast period.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Instant Fat Powder market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Instant Fat Powder market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

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COVID-19 Impact Analysis on Instant Fat Powder Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Instant Fat Powder market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Instant Fat Powder market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Instant Fat Powder market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Instant Fat Powder Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Instant Fat Powder market. Competitive information detailed in the Instant Fat Powder market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Instant Fat Powder market report.

Key players covered in the report include:

Some of the leading players in the instant fat powder market are Glenstal Foods Ltd., Dairygold Co-Operative Society Limited, Koninklijke FrieslandCampina NV, Imeko Dairy Products B.V., Vitusa Global, Frontera Group, Inc., Vreugdenhil Dairy Foods, Polindus, Hoogwegt International B.V., and Solarec.

Comprehensive Industry Report: A Full Market Analysis

Key Segments Profiled in the Instant Fat Powder Market Survey

By Type:

High-fat
Low-fat

By End Use:

Industrial
Infant Formula
Soups & Sauces
Dressing & Condiments
Nutrition
Dairy
Beverages
Frozen Desserts
Cheese Processing
Bakery
Confectionery
Retail

By Region:

North America
Latin America
Europe
APEJ
Japan
Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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
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According to FMI AI in IoT Market Size, Forecast, Analysis and Share Surpass USD 153.1 Billion | 2033, At 6.4% CAGR

The AI in IoT market is anticipated to expand its roots at a steady CAGR of 6.4% between 2023 and 2033. The market is expected to have a market share of USD 153.1 billion by 2033 while it is likely to be valued at USD 82.1 billion in 2023

The increased automation across the sectors, higher adoption of smart devices, and deployment of 5G networks are driving the market growth. Furthermore, the new technological advancements in automotive, defense, and industrial manufacturing have garnered market growth.

The expansion of Industries 4.0 along with its elements like artificial intelligence, machine learning, cloud computing, and the Internet of Things is the future. The new gadgets, industrial machines, and even a full range of home appliances are garnering market growth.

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The pandemic has pushed enterprises to re-think their human strategy with IoT deployment and market maturation is flourishing the market growth. Alongside this, real-time work tracking, higher efficiency, and better management are expected to fuel the sales of AI in IoT systems.

The higher availability of custom settings, application-specific performance indexes, and commands is likely to limit workspace accidents and their fortunes. Also, the concepts of deep learning are enhancing the banking and financial workspace with error-less procedures.

The improved operational efficiency, easy business estimations, better UI/UX designs, and enhanced prediction of equipment failure fuel the demand for AI in IoT systems.

Key Takeaways From AI in IoT Market Report:

The United States market leads the AI in IoT market in terms of market share in North America. The United States region held a market share of 19.4% in 2023. The growth in this region is attributed to rapid industrial automation, IoT deployment, boosting innovation, and extended research and development facilities. The North American region held a market share of 29.4% in 2022.
Germany’s AI in IoT market is another successful market in the European region. The market holds a market share of 9.4% in 2023. The growth is attributed to government contracts, automotive transformation AI and IoT integration with manufacturing machinery. Though, the European region held a market share of 9.4% in 2022
The Indian AI in IoT market thrives at a CAGR of 6.8% during the forecast period. The market’s growth is attributed to innovative products and industrial automation.
Chinese AI in IoT market also thrives at a CAGR of 7.1% between 2023 and 2033. The growth is caused by the integration of robotics and AI in the manufacturing and defense spaces.
Based on components, the platform segment held the leading market share of 47.3% in 2022.
Based on technologies, ML and deep learning performs better than the rest as it holds a leading market share of 79.4% in 2022.

Competitive Landscape

The key vendors focus on better deployment, affordability, customization, and cutting-edge technological advancements. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

A Comprehensive Full Report:
https://www.futuremarketinsights.com/reports/ai-in-iot-market

Recent Market Developments

Microsoft has introduced Defender for IoT to defend printers, smart TVs, and other IoT devices that apply artificial intelligence to monitor the performance as well as the threat.
Google-supported Indian organizations are handling climate change with the help of AI, ML, and IoT. Gujrat Mahila Housing Sewa Trust and Villgro Innovation Foundation. The AI-enabled systems help end users with enhanced prediction and possible threat management.

AI in IoT Market Segmentation:

By Components:

Platform
Software Solutions
Services
- Professional Services
- Managed Services

By Technologies:

ML and Deep Learning
NLP

By Verticals:

Manufacturing
Energy and Utilities
Transportation and Mobility
BFSI
Government and Defense
Retail
Healthcare and Life Sciences
Telecom
Others(agriculture, education, telecom, and tourism and hospitality)

By Regions:

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

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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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Application Virtualization Market is Predicted to Reach USD 14,365.1 Million, Globally by 2033 at 12.9% CAGR: Future Market Insights, Inc.

The global application virtualization market share is estimated to be of a value of USD 4,256.9 million in 2023. As per the FMI market analysis report, the global demand for application virtualization market is projected to register a CAGR of 12.9% from 2023 to 2033. By the end of this forecast period, the net worth of the market could reach up to USD 14,365.1 million.

The primary drivers of the adoption of application virtualization are enhancing security and streamlining the administration of the whole application cycle. Moreover, an increasing need for solutions that shorten the time-consuming application installation procedure has popularized application virtualization nowadays.

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Application virtualization has become essential nowadays for a range of companies to support remote offices and reduce the expenses for transforming business models. For example, a virtualization firm named Cameyo witnessed a two-fold increase in income since businesses began implementing work-from-home rules.

So, the demand for application virtualization for private cloud models could be driven by the strengthening of data security laws with centralized storage infrastructure.

Key Takeaways from the Application Virtualization Market Study Report

Owing to the presence of many leading market players, the North American region acquired 28.3% of the global market share in 2022. The United States contributes a significant portion of this regional market and its global market share in 2022 was 20.2%.
Europe region follows North America in the adoption of application virtualization technologies and held 23.4% of the global market share in 2022.
Germany is the frontrunner in the adoption of application virtualization services and its market contributed 9.6% of the revenue generated globally in 2022. Meanwhile, the demand for application virtualization technologies in the United Kingdom is growing at a faster rate and could register at 12.5% through 2033.
With a booming IT and industrial sector, the application virtualization tech companies based in Asia Pacific countries are getting robust. Japan led the application virtualization solutions and services market in the whole of Asia with a 7.1% global market share in 2022.
China’s market is poised to advance at a 14.2% annual growth rate through 2033 and Chinese are anticipated to emerge as the global competitors. Meanwhile, the Indian market is projected to closely follow China by exhibiting a growth rate of 13.6% during this period.
Based on the 2022 report, agent-based solutions currently constitute the leading component segment of the global market by contributing a 39.2% revenue share. However, among the different components, the service sector is predicted to contribute more to the market growth throughout the forecast years.

Competitive Landscape for the Application Virtualization Market Players

Microsoft Inc. has been an international market player for more than three decades. Offering a wide range of software, license, and solutions across businesses. Furthermore, to expand its worldwide presence and product offerings, it is pursuing aggressive collaborations with other regional players as well. In addition to this, the company is planning to fuel its value-intensive operations with a USD 14.73 billion investment in research and innovation.

Microsoft, Symantec, VMware, Citrix, Oracle, Google, Dell, Systancia, Accops, NComputing, Sangfor, and NextAxiom, among others are the top companies in the global market. Moreover, many start-ups emerged during the pandemic period capitalizing on the ad-hoc requirements making them formidable rivals to long-established market players.

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Key Segments Covered

By Component:

Application Virtualization Solutions
Agent-Based Solution
Agent Less Solution
Application Virtualization Services
Support and Maintenance Services
Training and Consulting Services

By Deployment Type:

Public Cloud
Private Cloud
Hybrid Cloud

By Organization Size:

Large Enterprises
Small and Medium Enterprises (SMEs)

By End-user Verticals:

Banking, Financial Services, and Insurance (BFSI) Sector
Healthcare Sector
Information Technology (IT) and Telecom Sector
Government and Defense Sector
Building & Construction Sector
Education Sector
Other End-user Verticals

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia Market
Oceania Market
The Middle East & Africa (ME&A) 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.

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Global Next-Gen Firewall Market is Expected to Generate USD 8.5 Billion by 2033: Future Market Insights, Inc.

The next-gen firewall market revenue totalled approximately USD 3.5 billion in 2023. Looking ahead, sales in this market are projected to reach around USD 8.5 billion by 2033, representing a CAGR of 9.1% between 2023 and 2033.

The Next-gen firewall market currently represents about 20% of sales of the total network security market. Demand in the next-gen firewall market is gaining traction as it offers multi-layered protection by inspecting network traffic and understanding the nature of data transfer.

The rise in data hacking activities and cyber-attacks is encouraging enterprises to focus on the detection of better security solutions. Hence, demand for next-gen firewall systems for securing information deployed on the cloud and for strengthening the security structure of the company is increasing.

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Moreover, large organizations are taking initiatives to implement next-gen firewalls for their business applications which are deployed on the cloud, and helping other small enterprises to understand the usage of next-gen firewall capabilities and internet security threats.

The next-gen firewall demand in the USA is expected to account for nearly 78.6% of North America’s market share through 2033. In the USA, next-gen firewall providers are focusing on offering intrusion detection and prevention system for identifying and analyzing irregular deviation from cyber-attacks.

Key Takeaways: Next-Gen Firewall Market Report:

By type, the virtual appliance segment is estimated to grow at a robust CAGR of 9.9% through 2032.
Among the enterprise size, SME segment is estimated to grow by 3.0X during the forecast period.
By industry, the healthcare segment is anticipated to increase at a CAGR of 11.5% between 2022 & 2032.
North America region is expected to dominate the next-gen firewall market followed by Europe in 2022.
South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
The U.S. market is expected to witness growth at a CAGR of around 4.6% through 2032.
In India, the next-gen firewall market is expected to grow by 4.4x during the forecast period.
The Next-gen firewall market in China is estimated to witness an absolute opportunity of USD 281 Million in the forecast period.

Demand for Email Security to Boost the Adoption of Next-Gen Firewall Systems

Among enterprises, email security is a primary concern. The working culture among enterprises is changing, hence employees are using their personal devices to access business emails outside the organizations.

Next-gen firewall solutions help the organization filter emails with viruses on networks before the email reaches an internal network of the organization.

Moreover, next-gen firewall helps to streamline email security tools by transferring them into a single cloud service. Hence, enterprises are adopting next-gen firewall solutions for improving email security and thereby the demand is increasing for next-gen firewall solutions.

Competitive Landscape:

Next-gen firewall market players are focusing on various strategies such as investments in research and development to support future technologies. In addition, several companies are adopting inorganic growth strategies such as acquisition and entering into partnership with other companies to develop their own next-gen firewall to reduce the churn rate.

In March 2022, Palo Alto Networks entered into a partnership with Amazon Web Services to natively integrate the next-gen firewall into a public cloud environment.
In January 2022, Check Point Software Technologies introduced the Quantum Light speed Firewalls for introducing the biggest network security revolution.

Leading Key Players:

Cisco
Checkpoint Software Technologies
Barracuda
Fortinet
Sophos
Juniper Networks
Palo Alto Networks
Cloudflare
Sonicwall
Hillstone Networks
Sangfor Technologies
Zscaler

A Detailed Full Report:
https://www.futuremarketinsights.com/reports/next-gen-firewall-market

Next-Gen Firewall Market Segmentation:

By Type:

Physical NGFW Appliance
Virtual NGFW Appliance

By Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Industry:

IT & Telecom
BFSI
Healthcare
Manufacturing
Retail
Government
Others

By Region:

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

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: