Metalworking Fluids Market Expected to Reach US$ 1,493.7 Mn by 2028,

Furfuryl alcohol (C4H3OCH2OH), also known as 2-furylmethanol or 2-furancarbinol, is an organic compound containing a furan substituted with a hydroxymethyl group. Furfuryl alcohol is made from furfural by means of catalysis with hydrogen. It is colourless or pale yellow in appearance and finds adoption in various applications. As a result, the global market for furfuryl alcohol is expected to witness significant growth in 2022, reaching a market value of US$ 836.2 Mn with a y-o-y growth rate of 4.5% as compared to 2017. Furthermore, the global demand for furfuryl alcohol will also be influenced by the rising utilisation of the chemical in pharmaceutical solvents and wood impregnation.

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The strong shift towards the development of bio-based chemicals against the backdrop of volatile petrochemical prices is expected to remain a key driver for the growth of furfuryl alcohol market. Predominantly, over the years, the consumption of furfuryl alcohol in foundry resins has reached an unprecedented level, owing to the physical and chemical properties possessed by furfuryl alcohol.  Increasing industrial production, relatively stable economic conditions and consistent growth in automotive sales in various regions such as India, SEAP and China are the factors estimated to drive the growth in the demand for furfuryl alcohol.

In the recent past, the furfuryl alcohol market has witnessed significant developments from the competition perspective. Production capacity expansion and commencement of production are some of the preferred strategies opted by prominent players to sustain and enter in the global furfuryl alcohol market.

Based on the application, the foundry resin segment is expected to remain dominant in terms of the global furfuryl alcohol market volume share and account for approximately an 88.6% share by the end of 2028.

Based on source type, corn cob raw material is expected to remain behemoth in the global market and account for more than 86% of the revenue by 2028-end. Corn cob is one the most consumed raw materials in the production of furfural and then, furfuryl alcohol. On the other hand, the production of furfuryl alcohol from sugarcane bagasse is expected to grow at a CAGR of 6.4%. In terms of growth, bagasse will remain one of the most attractive segments. Importantly, sugarcane bagasse has a yield just next to that of corn cob.

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In 2021, China was the most attractive region in the global furfuryl alcohol market and accounted for more than 61.3% of the global market share. Further, being at the forefront in terms of furfuryl alcohol production and consumption, China is pegged to control the global furfuryl alcohol market in the future as well.

The increasing demand for furfuryl alcohol has influenced prominent manufacturers to expand their production facilities. In India, various manufacturers are poised to start the production of furfuryl alcohol on account of the anticipated demand rise in the coming years.

Hongye Holding Group Corp., Ltd., Zibo Huaao Chemical Co., Ltd., International Furan Chemicals B.V., China XLX Fertilizer Ltd., Aurus Speciality Company Limited, Xingtai Chunlei Furfuryl Alcohol Co., Ltd., Silvateam, Shijiazhuang Worldwide Furfural and Furfuryl Alcohol Furan Resin Co. Ltd., KRBL Ltd. and Illovo Sugar (PTY) Ltd. are some of the key players involved in the global furfuryl alcohol market.

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Analysts who have compiled this report are available for interviews and quotes at press@futuremarketinsights.com

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

Digital Transaction Management Market 2021 Growth, COVID Impact, Trends Analysis Report 2028

The global digital transaction management market revenue totaled ~US$ 2,385.0 Mn in 2021, according to Future Market Insights (FMI). The overall digital transaction management market is expected to reach ~US$ 16,284.8 Mn by 2028, growing at a CAGR of around 31.7% for 2022 – 28.

Digital Transaction Management (DTM) solution is estimated to be nearly 45% of global document management market. Increase in the adoption of digital transformation technologies is the major factor driving the market growth. DTM is the part of the cloud services specially designed to manage the digital document based transactions. Digital transaction management delivers numbers of benefits to the enterprises, which include collaborative document management and optimizing document-based tasks for better customer experience. Enterprises can use DTM solutions in multiple segments, such as HR, sales, finance, IT, legal, and procurement.

Digital transaction management market is growing rapidly, and an increasing number of enterprises and organizations are adopting the solutions. Automotive, manufacturing, BFSI and telecommunication are significant industries adopting the DTM solutions. Also, the digital transaction management developers are focusing on the collaboration with cloud service providers as the potential of digital documents is complemented by cloud computing to perform real-time documents monitoring and debugging.

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Developed countries are working continuously on transforming their paper work into digital means. Nowadays, several regions are receiving investments from companies for the adoption of digital transaction management solutions and services. The governments of several countries are primarily focused on adopting digital transaction management software and tools for security, accessibility, privacy, universality, scalability and interoperability. Companies are working on implementing new technologies, such as electronic signatures and workflow automation, especially in the BFSI and transportation sectors.

To understand and assess the demand and opportunities in the digital transaction management market, the report is categorically split into digital transaction management market analysis by component, vertical, end user and by region. Digital transaction management market analysis by component comprehensively analyses the market on the basis of solutions and services analysis in terms of value for 2018-2028. Digital transaction management market analysis by vertical analyses the digital transaction management market on the basis of retail, BFSI, healthcare, IT & telecommunication, travel & transportation, manufacturing, government and others. Digital transaction management market analysis by end user analyses the digital transaction management market on the basis of large enterprises and small and midsized enterprises.

In 2017, the solutions segment dominated the digital transaction management market followed by the services segment. Moreover, the solutions segment is projected to expand at the fastest CAGR of 30.9% over the forecast period in the digital transaction management market in terms of revenue, followed by the services sub-segments.

The section market analysis by vertical analyses the digital transaction management market based on different segments and data is provided in terms of value for 2018-2028. The retail sub-segment of the digital transaction management market is expected to expand at a significant CAGR of 30.5% in terms of value during the forecast period. In terms of digital transaction management market share, the BFSI segment accounted for a major percentage of the revenue share of the overall digital transaction management market in 2017, and is also expected to dominate the digital transaction management market throughout the forecast years.

Digital transaction management market analysis by region includes an in-depth country-level analysis of all the global regions, namely North America, Latin America, Western Europe, Eastern Europe, SEA & Others of APAC, China, Japan and the Middle East & Africa, as well as countries in these regions, and provides market data in terms of value for 2018-2028 for the digital transaction management market. In 2017, the digital transaction management market in North America dominated the overall global digital transaction management market, followed by the market in Western Europe.

Digital Transaction Management Outlook by Category

By Component:

  • Digital Transaction Management Solutions
  • Digital Transaction Management Services

By End-User:

  • Large Enterprises
  • Small and Midsize Business

By Vertical:

  • Retail
  • BFSI
  • Healthcare
  • IT & Telecommunication
  • Travel & Transportation
  • Manufacturing
  • Government
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • SEA and Others of APAC
  • Middle East and Africa (MEA)

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Key players reported in this study on the global digital transaction management market are Adobe Systems Incorporated; Namirial SPA; DocuSign Inc.; Nintex Global Ltd.; HELLOSIGN; ZorroSign, Inc.; AssureSign LLC; ThinkSmart LLC; Kofax, Inc. and eOriginal, Inc.

Key Questions Answered in the Report

  • Which region is expected to showcase high demand for digital transaction management?

– China is projected to register strong growth in the market, exhibiting a CAGR of nearly 30.3% from 2022-2028.

  • Who are some of the leading companies offering digital transaction management solutions?

-Adobe Systems Incorporated, Namirial SPA, DocuSign Inc., Entrust Datacard Corporation, and OneSpan among others, are the top 5 digital transaction management solution and service providers. They are likely to account for over 25% of the global market.

  • In which industries the adoption of digital transaction management growing?

-BFSI segment is expected to dominate the market over the forecast period, generating a maximum revenue among all industries by the end of 2028.

  • How much is the global market for digital transaction management worth?

-The market for digital transaction management was valued at ~US$ 2,385.0 Mn in 2021, and is estimated to grow at a steady pace with a CAGR of around 31.7% to reach ~US$ 16,284.8 Mn by 2028.

  • What is driving demand for digital transaction management?

– Increase in the adoption of the digital document workflows and collaborative document management across enterprises happens to be the major factor driving the market growth.

About 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, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry 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.

Mobile Application Testing Solution Market Share, Revenue, And Average Price By Manufacturers Shared In A Latest Research Report

The global mobile application testing solution market is expected to witness a CAGR of 18.5% during the forecast period (2019-2029). Revenue generated by global mobile application testing solution market is estimated to reach US 20, 350.2Mn by 2029, increasing at a CAGR of 18.5% during the forecast period. Requirement for immediate regression testing with enhanced growth of m-commerce is expected to drive the demand for mobile application testing solutions worldwide. Trends such as Bring Your Own Device (BYOD) and enterprise applications are likely to boost demand in the corporate sector.

Enterprises are always looking for quick updates and bug fixes for their mobile application software. However, every time an application is updated, it is required to undergo thorough testing. This is because even a small change in the coding of an application may impact the behavior of those functions that are not necessarily in direct connection. Regression testing validates and confirms the overall performance of an application after updates are introduced to it. Immediate regression testing can be executed with the incorporation of automated testing. For instance, IBM Corporation focuses on enhancing performance of mobile applications, while reducing the number of test cases with its regression testing services. Enterprises are adopting automated testing to accelerate the time-to-market of their mobile applications.

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The global mobile application testing solution market is anticipated to witness significant revenue growth during the forecast period, owing to a rising demand across commercial and corporate sectors. Requirements for regression testing, the need to tackle issues caused due to device diversity, and increasing mobile applications such as m-commerce are the major drivers for the rise in demand for mobile application testing solutions globally.

Key Takeaways of Mobile Application Testing Solution Market Study

  • The automated testing segment is estimated to hold significant market share during the forecast period as the automation testing can save time and cost and also provides reliable results compared to manual testing.
  • Among all devices, smartphones is estimated to register notable CAGR as the demand is increasing for smartphones to resolve various queries or gather information or find solutions to meet everyday requirements which is resulting in a growing demand for such devices.
  • Asia Pacific region is witnessing an impressive growth rate in the mobile application testing solution market due to increasing popularity of messaging platforms, new innovative apps and also the IT firms in the region are investing more money to meet increasing customer demands to improve mobile application testing.

global mobile application testing solution market

m-Commerce Popularity driving the Demand for Rigorous Testing

Usage of m-Commerce distribution channel is estimated to increase with the increasing number of smart mobile device users opting for online wallet and e-Payment features. Developers are offering advanced testing for mobile applications used for the purpose of banking and financial services. These advanced tested applications ensure data security and eliminate the threats of cyber-attacks and privacy breaches. Such features are estimated to boost the adoption of mobile application testing solutions in the market during the forecast period. For instance, Apple Inc. offers users the option of online payment on Apple Inc.’s phones using its app Apple Pay. Other service providers are also developing their own online payment apps. As a result, improved testing and debugging processes are required to be performed to ensure enhanced and secure security and privacy of users.

More Valuable Insights on Mobile Application Testing Solution Market

FMI’s report on the mobile application testing solution  market  is segmented into five major sections such as type (interactive testing, automated testing), platform (windows, android, iOS, and other), device (smartphones, tablets), end-user (residential, corporate) and region to help readers understand and lucrative evaluate opportunities in the mobile application testing solution  market.

Mobile Application Testing Solution Market: Segmentation

The global Mobile Application Testing Solution Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Type

  • Interactive Testing
  • Automated Testing

Platform

  • Android
  • iOS
  • Windows
  • Others

Device

  • Smartphone
  • Tablet

End User

  • Residential
  • Corporate
    • Small Enterprises
    • Medium Enterprises
    • Large Enterprises

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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Frequently Asked Questions about Mobile Application Testing Solution Market

What are the future opportunities in the Mobile Application Testing Solution market?

Combination of various testing tools to achieve better performance, increasing adoption of smart connected wearable devices, error elimination during application testing using advanced testing tools. These factors are creating opportunities for the mobile application testing solution provider.

What are the major challenges for Mobile Application Testing Solution Market?

An increasingly agile mobile environment and higher demand for interactive testing over automated testing are the major challenges restricting the growth of the mobile application testing solution market.

Which type of testing will have significant growth in the forecast period?

The automated testing is estimated to hold significant growth owing to the factors like increase efficiency, improves accuracy, consistency, better speed in executing, and no human intervention required.

Which devices holds potential growth opportunities for market players?

The smartphones segment holds potential growth opportunities as the demand is increasing for smartphones to resolve various queries or gather information or find solutions to meet everyday requirements which is resulting in a growing demand for such devices.

Which region is expected to be at forefront in the Mobile Application Testing Solution market?

Asia Pacific is anticipated to remain at forefront, offering high growth opportunities for players in the mobile application testing solution market due to rapid technological advancements such as introduction of IOT in mobile application are providing opportunities to mobile application testing solution providers in the region.

Who are the major companies leading the Mobile Application Testing Solution market?

Prominent companies in the Mobile Application Testing Solution market include LG Digital, Sony Corporation, Innolux Corp, Sharp Corporation, Panasonic Corporation, Samsung Electronics, AU Optronics.

About 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, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry 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.

Salesforce Services Market Segmentations, Key Company Profiles and Demand Forecasts to 2021 – 2030

FMI’s new analysis values the global Salesforce services market at US$ 7.8 Bn in 2018, with revenues set to grow at 12.6% y-o-y in 2019. The research study remains bullish on the growth prospects of Salesforce services market through 2029. However, lack of flexibility in pricing models and budgetary considerations among end-users can create challenges for wider adoption. The study by FMI analyzes the global Salesforce services market for the period 2019-2029.

Salesforce services providers are investing in hiring and training programs. Consultants need to know the specific issues of performing a SaaS solution, which requires a different mind-set for assumptions and deployments. The providers of managing services are more focused on offering new opportunities to consultants, which include support services, implementation, and job rotations, across various parts of consulting.

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This study delineates the growth prospects of Salesforce services during 2019-2029, and forecasts a CAGR of 14.3% for the market revenues. For compelling insights on Salesforce services market

As Salesforce services defy the ‘one-size-fits-all’ concept, service providers are offering end-to-end assistance to help end-users get services that are best-suited to their requirements. With thousands of Salesforce implementations across multiple enterprises, the Salesforce service providers are extensively focusing on creating impactful experiences to generate substantial profits. Opportunities galore for manufacturers with the increasing focus of businesses on improved customer engagement and interaction – key imperative driving growth and profitability amid competitive spaces. Some of the highly-effective Salesforce offerings- marketing cloud, commerce cloud and community cloud to name a few- have gained immense popularity over the years, which is further nudging businesses to choose Salesforce services for long-term returns.

According to the FMI report, implementation continues to remain a highly-preferred service, which is broadly categorized into integrated services, application modernization & data migration, custom application development, and testing services. Enterprises will continue to sustain high demand for Salesforce managed services, wherein these businesses get assistance from a whole team of experienced Salesforce administrators as well as consultants for effective management of their Salesforce functions.

North America – A Hub of Opportunities for Service Providers

According to the report, increasing adoption of Salesforce services in the BFSI sector is likely to continue, making it one of the most lucrative verticals for the Salesforce service vendors. Over the years, the focus of BFSI is shifting toward fruitful customer engagement in real time and across any device. This, in turn, is pushing the demand for adoption of Salesforce services in BFSI, thereby giving new opportunities for the Salesforce service vendors to reap profits from. Growth prospects for the Salesforce services, as the report opines, are high in North America, particularly in the US. In addition, the adoption of Salesforce services in Western Europe is estimated to intensify by the end of 2029, which is likely to encourage the vendors to solidify their service capabilities.

As far as growth and expansion are concerned, strategic business partnerships and acquisitions will continue to be the best way forward for vendors. Those alliances will lay the foundation for bespoke innovations to come to the fore, thereby creating a ‘win-win’ for both the parties involved. Considering the challenges enterprises face in terms of Salesforce deployment, key service providers active in the market will continue to focus on offering unmatched support and assistance in a bid to ensure client satisfaction and engagement. In addition, Salesforce service providers will also continue to center on getting ‘Salesforce service certifications’ to reap benefits in the long-run, as these certifications will not only help them strengthen their core competencies but also expand their client bases.

Key Segment

By Type of Services

  • Planning
    • Advisory Services
    • Change Management
  • Implementation
    • Integrated Services
    • Application Modernization & Data Migration
    • Custom Application Development
    • Testing Services
  • Manage
    • Monitoring
    • Upgrade
    • Governance
    • Helpdesk
    • Training
    • BPO

By Vertical

  • BFSI
  • Manufacturing
  • Media & Communication
  • Retail & CPG
  • Public Sector
  • Healthcare & Life Sciences
  • High Tech
  • Others

By Application

  • Sales Cloud
  • Service Cloud
  • Marketing Cloud
  • App Cloud
  • Commerce Cloud
  • Analytics

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Salesforce Services Market Structure Analysis

  • The global salesforce services market serves a reasonably consolidated competition landscape, where a majority of key players maintain their strategic focus on the development, joint enterprises, & partnerships, and target a stronger global footprint.
  • The salesforce services market is estimated to be fragmented, which remains a key factor for its dynamic competitive nature.
  • Leading Salesforce services vendors account for around 32%-34% of the overall market. Vendors such as Accenture, Deloitte, IBM, and Wipro are among the largest and most experienced in the industry, and have a significant regional coverage.

About 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, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry 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.

Smart TV Market Projected to Record Highest CAGR% by 2021 to 2031

With the surge in the demand for smart TVs, leading manufactures have now shifted their focus on technologies that cater to multi-functional consumer needs. Future Market Insights (FMI) in its latest study has forecast the smart TV market to rise at a CAGR of ~24.7% between 2021 and 2031.

Innovations are transforming the television industry by integrating advanced technologies like artificial intelligence (AI), Internet of Things (IoT), Google Assistance, and internet connected services in latest models of smart televisions, which were not available in traditional cathode-ray tube (CRT) televisions.

The smart TV industry consists of several big players like the Samsung Group, TLC Corporation, Panasonic Corporation, and Sony Corporation. The smart TV industry is being viewed as lucrative investment opportunity due to enormous customer interest.

Partnerships between big companies and small players are bolstering the scope for growth. Manufacturers are focusing on developing innovative product features, in addition to effectively developing sales and distribution channels. Most consumers focus on online product research before making a purchase.

As a result, manufacturers are increasing their product presence and online availability. In addition, the increasing popularity of smart homes among middle-class urban population is a major factor fuelling the demand for smart TVs in the market.

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Key Takeaways from the Smart TV Market Study

  • The 45- 50 inches’ segment accounted for a 22.3% share in 2020, which is attributable to the increasing penetration of 4K TVs in the higher economic consumer class.
  • Multi-brand stores are a popular distribution channel, accounting for over 29% of the market. However, online sales are expected rise at 27.3% CAGR.
  • The U.S. currently holds the lead accounting for 79.5% of the North America market, driven by increasing consumer expenditure on lifestyle products.
  • Japan is expected to register high potential for growth, accounting for an estimated 51.7% share in East Asia market by the end of 2031, supported by easier access to new technologies.
  • India followed by Indonesia are projected to emerge as lucrative markets in South Asia, holding over 32% and 23% share.

Impact of COVID-19 on the Smart TV Market

The COVID-19 pandemic has adversely impacted the smart TV market. Lockdown imposed by governments, suspended operations in manufacturing facilities. Restrictions were imposed on the movement of non-essential goods and services for months, which hampered the overall supply/distribution for smart TVs across the globe.

Samsung which has manufacturing facilities in Vietnam, the Czech Republic, and Hungary was relatively less affected in 2019. However, with the closing of Hungary’s boarders and the lock down in Czech Republic, Samsung faced difficulties in operating its European facilities.

The outbreak had a negative impact on businesses in 2020 and continued to affect operations in 2021. However, in the current scenario, the smart TV market is expected to recover steadily from the downfall in the forecast period.

Who is Winning?

Key players operating in the smart TV market include Samsung Electronics Co., Ltd, Panasonic Corporation, LG Electronics, Inc., Sony Corporation, Videocon Industries Limited, Haier Electronics Group Co, Ltd, TCL Corporation., Hisense Group, Sansui Electric Co., Ltd., Micromax Informatics, Sharp Corporation, VIZIO, Inc., Apple Inc, Toshiba Corporation, Hitachi Ltd and among others.

Players in the moderately consolidated smart TV market are largely involved in strategies for product development and launches in addition to investments for geographical and capacity expansion to sustain long term growth.

  • In March 2020, Samsung Electronics Co., Ltd. announced the latest and expanded line of 2020 QLED 4K and 8K TVs at select retailers. The latest and expanded 8K series in the 2020 series has larger screen sizes, improved AI capabilities for the 4K and 8K models, and is designed to provide superior image and sound qualities.
  • In July 2020, Indian television brand Shinco, launched its latest television, the S43UQLS 43- inch 4K HDR LED Smart TV. This is one of the most affordable 4K televisions on the market of this size, as most 43-inch televisions at this price have full-HD LED displays.
  • In April 2020, Sharp Corporation, announced two new 8K smart TVs for the Japanese market, namely the Sharp Aquas 8T-C70CX1 and the Sharp Aquos 8T-C60XX1, which include 70-inch and 60-inch 8K panels.
  • In April 2021, Samsung and Mediatek, announced the world’s first 8K QLED TV – which will deliver the fastest connectivity experience through its cutting-edge WI-FI 6E capabilities.

Get Valuable Insights into Smart TV Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global smart TV market, presenting historical demand data (2016-2020) and forecast statistics for the period from (2021-2031). The study divulges compelling insights on the smart TV market based on the display technology type (LED, QLED, HDR, OLED, LCD, IPS LCD, and XLED), screen type (flat, curved and foldable), screen size (32 inches and under, 33 to 44 inches, 45 to 50 inches, 51 to 55 inches, 56 to 65 inches, 66 inches and above), application type (residential and commercial{ hotels, restaurants, corporate offices, cafeterias, and others}) price (under US$ 500, US$500 – US$ 1000, US$ 1000 – US$ 2000, US$ 2000 – US$ 3000 and US$ 3000 and above), sales channel (hypermarkets/supermarkets, speciality stores, multi-brand stores, online retailers, wholesalers & distributors, and other sales channel), across seven major regions.

Key Points Covered in Smart TV Market Survey

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Smart TV Market and how to Navigate
  • Recommendation on Key Winning Strategies

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Key Questions Answered in the Smart TV Market Report

  • What is smart TV market size?

Driven by the growth of e-commerce and the proliferation of the UHD technology, the global smart TV market size will surpass US$ 388.7 Mn in 2021, and it is expected to reach US$ 3.5 Bn in 2031.

  • At what rate did the smart TV market expand in the last five years?

According to FMI’s analysis, smart TV sales have grown at 17% CAGR between 2016 and 2020.The market’s valuation stood at over US$ 327.3 Mn in 2020.

  • What are the key trends shaping the smart TV market?

There is an increasing focus on UHD and 4K display technologies in the market. Companies are currently focusing on curved screen offerings. Besides this, e-commerce sales will result in increasing demand for the foreseeable future.

  • What are the key factors driving smart TV demand?

Key drivers fuelling the demand for smart TV include lower costs of new display technologies, increasing use of e-commerce channels, and higher growth in lifestyle standards and disposable incomes in emerging economies.

  • What is the North America smart TV market outlook?

Demand in North America will continue to rise, backed by increasing sales in the U.S. and Canada. As per FMI, North America currently holds more than 24.4% of the global smart TV market in 2021. The market will rise at 10.3% between 2021 and 2031.

  • Which Countries are Key Producers of Smart TVs?

Leading producers of smart TVs include South Korea and China, followed by Japan and the U.S.

  • What is the cumulative share of top five companies in the smart TV market?

The cumulative share of the top 5 smart TV companies including Samsung Electronics Co. Ltd., LG Electronics Inc., Sony Corporation, TCL Corporation, and Sharp Corporation equals 66.5% in the global market.

  • Who are the Key Exporters of Smart TVs?

Crystal Export Co., Limited., Funai Electronics Co., Ltd., Express Luck Technology Ltd., Thai Samsung Electronics Co. Ltd., TCL, and Shanghai Audren Electric Technology Co., LTD. are the leading exporters of smart TVs.

  • Which are the top countries driving demand for smart TVs?

Denmark, Germany, the U.K., the U.S., and Sweden have emerged as leading countries aiding the demand for smart TVs.

  • What are the key statistics for smart TV market in Japan and South Korea?

Japan and South Korea are estimated to hold a market value share of 35% and 22.8% in the East Asia smart TV market in 2021.

About 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, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry 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.

video intercom device market is likely to flourish at a CAGR of 13.1% until 2027

The global video intercom device market is expected to register a CAGR of 13.1% during 2017 – 2027, with North America, Western Europe, and APEJ accounting significant shares by the end of the forecast period.

Increased check on trespassing, ensuring safety of property, and communication with visitors are some of the significant factors that can propel the market during the forecast period.

As per the analysis, North America is predicted to lead the global market, with the maximum contribution coming from the residential segment. In APEJ, India and China are likely to make significant participation in strengthening the regional market.

FMI has delivered the key insights on the global video intercom device market in its report titled “Video Intercom Device Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment, 2017 – 2027”. The growth of the global video intercom device market is expected to be attractive as the market is expected to grow continuously at a CAGR of 13.1% in terms of value during the forecast period, 2017 – 2027.

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Video Intercom Device Market: Dynamics Impacting Revenue Growth

Since the last few years, the adoption of video intercom device has increased considerably, especially in the residential segment. The manufacturers of video intercom devices are planning to reduce the overall as well as the installation cost. Apart from building and societal security infrastructure, video intercom devices are deployed for baby monitoring purpose facilitating parenting ease, by providing information about the baby’s routine activities.

The door/entrance system segment in the global video intercom device market is expected to witness significant growth over the forecast period. The system sends an alert signal to the user regarding the entry and exit of a known or unknown person, even if the user is not present at the premise, which is the prime factor driving the demand for door/entrance system.

On the basis of FMI’s analysis, the door/entrance system is expected to be the dominant sub-segment in the global video intercom device market, followed by the handheld device sub-segment over the forecast period. On the basis of vertical, the residential is expected to the dominant sub-segment in the global video intercom device market. In terms of technology, the IP-based sub-segment is expected to grow at a high CAGR over the forecast period.

Key Segments Covered 

Product

  • Baby Monitoring System
  • Handheld Device
  • Door/Entrance System

Technology

  • IP-based
  • Analog-based

Vertical

  • Government
  • Residential
  • Commercial
  • Manufacturing/Industrial

Key Regions Covered

  • North America Video Intercom Device market
    • U.S.
    • Canada
  • Latin America Video Intercom Device market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Video Intercom Device market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Video Intercom Device market
    • Russia
    • Poland
    • Rest of Eastern Europe
  • APEJ Video Intercom Device market
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan Video Intercom Device market
  • MEA Video Intercom Device Market
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

Video Intercom Device Market: Competition Analysis

According to FMI’s analysis, the integration of advanced technologies by the manufacturers of video intercom devices, along with enhancement of functionality will help increase their revenues in the video intercom device market. Examples of some of the key participants operating in the global video intercom device market are Panasonic Corporation, Honeywell Security, LEGRAND, Godrej Industries Limited, Zicom, Zenitel, Aiphone Corporation, Comelit Group S.P.A., Dahua Technologies Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.futuremarketinsights.com/toc/rep-gb-1000

Key Questions Answered in the Report

  1. What is the anticipated CAGR of the global market for video intercom device during the forecast period?

The global market for video intercom device is anticipated to expand at a CAGR of 13.1% from 2017 to 2027.

2. Who are the prominent players of the global market for video intercom device?

Panasonic Corporation, Dahua Technologies Co. Ltd., Comelit Group S.P.A., among others are some of the significant players of the market.

Submersible Pump Market is expected to increase at 5.1% CAGR between 2021 and 2031

Globally, sales in the submersible pumps market are set to be valued at US$ 978.5 Mn in 2021, with a stable long-term projection. According to latest analysis by Future Market Insights (FMI), the submersible pumps market is poised to expand at a 5.1% CAGR over the forecast period 2021-2031.

In the last few years, water stress has been a leading concern across the world, which has in turn fuelled the demand for new water sources to fulfill the industrial as well domestic water need. Waste water treatment is becoming more popular around the world as means to relieve water scarcity, which is also driving the global submersible pumps markets.

Sales of submersible pumps were however dampened due to the outbreak of the COVID-19 pandemic. Disruptions in supply chain and suspended production activities in the oil and gas sector resulted in stagnated demand for submersible pumps.

Submersible pumps manufacturers are focusing on launching cost-effective and high efficiency products to improve sales. Governments of emerging economies in Africa and Asia, particularly in countries such as India, China and South Africa, are increasing efforts to improve access to drinking water in rural as well as urban areas, which in turn is benefiting the market.

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“Initiatives undertaken by governments for waste water management and encouraging the use of technologically-driven equipment in agricultural sector are expected to spur the demand for submersible pumps,” said Future Market Insights analyst.

Key Takeaways:

  • By product type, borewell submersible pumps are expected account for half of the global market in terms of revenue by the end of the forecast period.
  • By head type, above 100 m pumps are expected to gain popularity over the forecast period owing to increasing demand for water distribution application.
  • By Application, demand from municipal sector is anticipated to grow at 5.5% CAGR over the forecast period.
  • East Asia has the leading share in terms of volume. However, Europe is projected to account for highest value share. Industrialization in emerging economies of Asia will increase the demand for submersible pumps over the forecast period.
  • China and Japan will continue spearheading growth in East Asia.

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Competitive Landscape

Some of the key submersible pumps manufacturers include Kubota Corporation, Wacke Neuson Group,  Atlas Copco, ABKSB SE & Co. KGaA, Xylem Inc.,Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd. Kriloskar Brothers Ltd., Flowserve Corporation.

The global submersible pumps market is fairly fragmented owing to the presence of several players across the globe. Moreover, leading share in the market is accounted by unorganized players which is estimated to be at around 50%-55%. Key market players are focusing on research and development to expand their product portfolio. Besides this, they are actively investing in mergers, acquisitions, and strategic collaborations to expand their global footprint.

More Insights into Submersible Pumps Market Report

The research report analyses the market demand trends of Submersible Pumps. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Submersible Pumps. As per Future Market Insights research scope, Submersible Pumps market has been studied and segmented on the basis of Product Type (Non Clog Submersible, Open Well Submersible and Bore Well Submersible) Head Type (Below 50 meter, 50 m- 100 m, Above 100 m), Application (Agricultural, Industrial and Municipal) and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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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 industry 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 Medical Loupes Market to Grow at 5.4% CAGR through 2029

As the world continues to deal with COVID-19 pandemic, the global market for medical loupes will decline during Q1 and Q2 of 2020 before returning to healthy growth in 2021, according to Future Market Insights (FMI) Yearly Medical Loupes Tracker.

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The market has confronted a temporary setback in 2020 as supply chain disturbances have impacted revenue pool during early months and estimated product shipments have slowed the market mid-year.

That said, FMI estimates shipments of medical loupes to grow rapidly with CAGR of 5.4% from 2019 through 2029 as manufacturers and customers continue to invest in technology.

Medical Loupes Market Size Study

  • Sales of medical loupes to rise at 5.4% CAGR during 2019-2029
  • Flip up loupes continue to capture leading revenue share, about 60%
  • About 6 out of 10 medical loupes to be sold will have Galilean lens, given their high magnification level, minimal weight, and easy usage
  • Adoption of medical loupes will remain high in surgical procedures through 2029
  • Markey players to remain glued to offline channels for sales of medical loupes over following decade
  • Substantial sales to come from North America, markets in East and South Asia to experience tremendous growth

“Tech-advanced products are continuously required in medical device industry. Safe and high-tech medical equipment curb medical expenses for patients. Medical loupes are becoming increasingly advanced with regards to magnification power, product weight, and high powered optics. Tech-enabled transformation will enable market players to boost revenues, expand margins, and pursue new revenue lines with innovative business models,” says analyst at FMI.

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COVID-19 Impact on Medical Loupes Market

The impact of COVID-19 pandemic has been negative on medical loupes market as several aesthetic procedures – liposuction surgery, breast implantation, and non-essential dental procedures – have been delayed due to pandemic-induced restrictions.

In order to free up limited space for individuals getting treated for COVID-19, hospitals have postponed – or canceled – several elective operations, particularly those considered non-urgent or non- essential.

Recent estimates have revealed that 15-30% of elective surgeries have been canceled in March 2020. Global market bariatric surgeries, implants, and cosmetic procedures will remain particularly vulnerable as these procedures are non-urgent, and can be delayed without significantly impacting quality of life.

That said, surgeries will return to pre-crisis rates by Q4 2020, with total numbers returning to pre-crisis levels by Q1 2022.

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Medical Loupes Market – Competitive Intelligence

The global medical loupes market is fairly consolidated, wherein leading players are highly focused on developing innovative products to broaden their product portfolio as well as regional footprint. At present, market players are investing in R&D activities to come up with cutting-edge technologies. For instance,

  • Schultz Optical Co. Inc. has rolled out dental surgical loupes that offer 25% larger viewing field compared to others, and up to 5.5x magnification, as well as are lightweight, making dental surgeries extremely easier compared to conventional versions.
  • SurgiTel has developed two sorts of customized loupes – through-the-lens (TTL) loupes and front-lens-mounted (FLM) loupes. Customized FLM loupes allow re-adjustment of declination angle and field shape as per user requirement.

Cloud Business Email Market 2022-2027 | Country Level Analysis, Current Trade Size And Future Prospective

The global cloud business email market is expected to acquire a market value of nearly USD 2.15 Bn, proliferating at a CAGR of 10.4% during the forecast period from 2017 to 2027.

The IT sector worldwide is seeing progressive changes attributable to the expansion of cutting edge and inventive technologies that are fueling worldwide market development. The coming of the cloud in all aspects of the business has made it advantageous for enterprises to deal with their everyday business exercises, including business email solutions. Such technological progressions commonly first hit the IT sector in North America, making the region the leader of all innovations.

The market for cloud business email in North America is ready to exploit the innovative progressions in the region and rise as the biggest regional market based on revenue contribution to the worldwide market. A few organizations have begun actualizing the G-suite with add-on AI highlights to provide enhanced conveyance of enterprise email in an offer to draw in consumers.

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

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

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

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

Cloud Business Email Market: Segmentation

The global Cloud Business Email market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Operating Environment

  • Windows
  • Linux
  • Unix
  • Mainframe
  • Others

By Verticals

  • BFSI
  • Healthcare
  • Media & Entertainment
  • IT & Telecom
  • Energy & Power
  • Automotive
  • Consumer Goods & Retail
  • Others

By Region

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

To gain more insights into the market with a detailed table of content and figures, click here: https://www.futuremarketinsights.com/toc/rep-gb-574

Key Questions Answered in the Report

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

The global cloud business email market is anticipated to procure a market value of approximately USD 2.15 Bn from 2017 to 2027.

2. Who are the prominent players of the global cloud business email market?

IBM Corporation, Google Inc., Micro Focus, Amazon Web Services, among others are some of the prominent players of the market.

Family/Indoor Entertainment Centres Market High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2027

A new report published by Future Market Insights titled “Family/Indoor Entertainment Centres Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” studies the performance of the global family/indoor entertainment centres market over a 10 year assessment period from 2017 to 2027. The report presents the value forecast of the global family/indoor entertainment centres market and provides key insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$ 17,575 Mn in 2017 to US$ 61,248 Mn by the end of 2027, resulting in a CAGR of 13.3% over the forecast period.

With continuous innovations in technological aspects, family entertainment centres are offering a diversified range of gaming options for their customers. New technologies such as virtual reality gaming, 3D technology, etc. are trending and consumers are preferring modern ways of entertainment over traditional entertainment options. Hence, the availability of a number of options for gaming is driving the growth of the family entertainment centres market especially in the North America region over the forecast period. 

Indoor entertainment centres are increasingly preferred as entertainment and leisure options by families over outdoor entertainment centres in the North America region, in order to ensure that environmental factors and weather changes do not affect any fun time or experience of customers.

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Global Family/Indoor Entertainment Centres Market: Segmentation and Forecast

The report segments the global family/indoor entertainment centres market on the basis of FEC type (arcade studios, VR gaming zones, sports arcades, others); on the basis of visitor demographics (families with children (0-9), families with children (9-12), teenagers (12-18), young adults (18-24), adults (24+)); on the basis facility size (<5000 sq. ft., 5001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft., >40,000 sq. ft.); on the basis of attendance per day (<25,000, 25,001 to 50,000, 50,001 to 100,000, 100,001 to 250,000, >250,000); and on the basis of revenue source (entry fees and ticket sales, food and beverages, merchandising, advertising, others).

  • As per the forecast of Future Market Insights, revenue from the arcade studios FEC type segment will increase from US$ 6,081.9 Mn in 2017 to US$ 21,131.4 Mn by 2027 end, representing a CAGR of 3% from 2017 to 2027.
  • Future Market Insights forecasts revenue from the teenagers (12-18) visitor demographics segment to increase from US$ 6,083.8 Mn in 2017 to US$ 21,951.7 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027.
  • The >40,000 Sq. ft. segment by facility size is expected to represent incremental opportunity of US$ 11,792.9 Mn between 2017 and 2027.
  • Future Market Insights projects revenue from the <25,000 attendance per day segment to increase from US$ 2,142.2 Mn in 2017 to US$ 7,082.2 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027.
  • The merchandising segment by revenue source 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 13.5% during the period of study.

family-indoor-entertainment-centre-market

Global Family/Indoor Entertainment Centres Market: Regional Forecast

Future Market Insights tracks the performance of the global family/indoor entertainment centres market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. In terms of value, North America is projected to be the most attractive in the global family/indoor entertainment centers market during the opportunity assessment period. The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the APEJ market is expected to expand at a CAGR of 13.7% during the Opportunity Assessment period. In 2017, the family/indoor entertainment centres market in North America is estimated to be valued at US$ 6,565.9 Mn and is expected to witness steady growth in terms of revenue throughout the Opportunity Assessment period.

Market Taxonomy

FEC Type

  • Arcade Studios
  • VR Gaming Zones
  • Sports Arcades
  • Others

Visitors Demographics

  • Families With Children (0–9)
  • Families With Children (9–12)
  • Teenagers (12–18)
  • Young Adults (18–24)
  • Adults (24+)

Facility Size

  • <5,000 Sq. ft.
  • 5,001 to 10,000 Sq. ft.
  • 10,001 to 20,000 Sq. ft.
  • 20,001 to 40,000 Sq. ft.
  • >40,000 Sq. ft

Attendance per day

  • <25,000
  • 25,001 to 50,000
  • 50,001 to 100,000
  • 100,001 to 250,000
  • >250,000

Revenue Source

  • Entry Fees & Ticket Sales
  • Food & Beverages
  • Merchandising
  • Advertising
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

To gain more insights into the market with a detailed table of content and figures, click here: https://www.futuremarketinsights.com/toc/rep-gb-4606

Global Family/Indoor Entertainment Centres Market: Vendor Insights

The report profiles some of the leading players operating in the global family/indoor entertainment centres market such as Dave & Buster’s Inc., CEC Entertainment, Inc., Main Event Entertainment, Legoland Discovery Center, Scene 75 Entertainment Centers, Gatti’s Pizza Corporation, Bowlmor AMF Corporation, Nickelodeon Universe, Lucky Strike, Smaash Entertainment Pvt. Ltd., Amoeba Services, Funcity, Time Zone Entertainment Pvt. Ltd., Tenpin, Kidzania, Bandai Namco Entertainment, Toy Town and The Walt Disney Company.

About 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, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry 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.