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Automotive Hardware Market Set for a 4.3% CAGR Surge & to reach US$ 1,23,826.91 Million by 2033

The global automotive hardware market size is US$ 81,277.80 million in 2023. The automotive hardware sales are predicted to accelerate at a 4.3% CAGR from 2023 to 2033. The market size of automotive hardware is expected to be worth US$ 1,23,826.91 million by 2033.

Automotive Hardware Market Analysis and Emerging Trends

Ongoing technical developments like creating sophisticated sensors, processors, and communication systems compel the demand for automotive hardware.
Governments and international organizations that apply strict safety and environmental standards promote the adoption of contemporary automobile hardware, such as safety systems, emissions control, and spur economy technologies.
The demand for automotive hardware is driven by consumer desire for automobiles with improved safety, convenience, and entertainment amenities.
The popularity of mobility and ride-sharing services has augmented demand for automobile hardware, such as telematics, GPS, and fleet management equipment.

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Barriers to Growth of the Automotive Hardware Sector

Two significant obstacles exist for the automotive hardware market.

The long-term survival of traditional automotive equipment providers faces a risk from the emerging electric and autonomous vehicles market.
Automobile hardware manufacturers must take expensive compliance steps to comply with strict government rules, such as safety and emission standards. Restrictions can limit market growth for automobile hardware and profitability.

Regional Outlook

The North American market for vehicle hardware is esteemed for its established and fierce rivalry.
There is an increasing demand for automotive hardware for electric vehicles (EVs) in the North American market, which places an emphasis on technological advancement and innovation.
Manufacturers of automobile hardware continue to rely heavily on the market in the United States.
a dedication to sustainability and strict environmental laws characterizes Europe’s automotive hardware market.
While other European countries have a substantial impact on the market, Germany serves as an epicenter for automotive innovation and production.
The expansion of the middle class and rising urbanization are promoting the rapid growth of the Asia Pacific automotive hardware market.
China is a significant manufacturer and consumer of automobile hardware. Asia Pacific is a significant market with a strong emphasis on the demands of price-sensitive consumers.

“The automotive hardware market is anticipated to grow due to expanding vehicle production and technological advancements. Emerging trends like electrified automobiles and automated driving technologies stimulate the demand for automotive hardware solutions. Key interest areas for automotive hardware manufacturers are cost effectiveness, safety, and performance optimization,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Key Takeaways

From 2023 to 2033, the passenger car segment holds a 71.3% share of the market by vehicle.
Between 2023 and 2033, the door latch segment is expected to acquire an automotive hardware market share of 22% in the product type category.
From 2023 to 2033, the Canadian automotive hardware market is projected to develop at a CAGR of 6.7%.
The United States automotive hardware market is forecasted to soar at a CAGR of 7.3% through 2033.
From 2023 to 2033, automotive hardware demand is expected to surge in the United Kingdom at a CAGR of 6.8%.
France’s automotive hardware market is anticipated to grow at a CAGR of 6.5% over the forecast period.
Through 2023, automotive hardware sales in Italy are anticipated to register a CAGR of 4.6%.
From 2023 to 2033, automotive hardware demand in Spain is projected to thrive at a CAGR of 6.2%.
Through 2023, Germany’s automotive hardware sales are anticipated to grow at a CAGR of 6.6%.
By 2023, the Indian automotive equipment market is expected to evolve at a CAGR of 8.0%.
Automotive hardware sales are anticipated to increase in China at a CAGR of 7.5% through 2033.
Through 2023, Japan’s automotive hardware demand is expected to rise at a 3.0% CAGR.
Between 2023 and 2033, ASEAN automotive hardware sales are expected to accelerate at a 7.2% CAGR.
Through 2023, the automotive hardware market in Australia and New Zealand (ANZ) is projected to register a CAGR of 5.9%.

Competitive Landscape

The market is competitive with well-established market leaders and emerging automotive hardware providers. Established automotive hardware businesses and startups constantly transform to keep up with the shifting demands of the automobile sector, fostering competitiveness and market expansion.

Essential Automotive Hardware Manufacturers

Bosch
Continental
Denso
Valeo
Magna International
ZF Friedrichshafen
Autoliv
Panasonic Automotive
Infineon Technologies
NXP Semiconductors
Aptiv (formerly Delphi Automotive)
Alpine Electronics
Aisin Seiki Co., Ltd.
Harman International

Recent Developments

To create commercially scalable autonomous trucking systems, Continental and Aurora have entered into a partnership. The collaboration enables commercial scalability for upcoming iterations of Aurora’s premier integrated hardware and software solutions.
To increase nighttime driving safety, KOITO and DENSO have collaborated to develop a system that increases the object identification rate of car image sensors by synchronizing lighting and image sensors.

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Key Segments

By Product:

Door Latches
Exterior Door Handles
Door Seals
Door Straps
Door Hinges
Mounting Brackets
Gas Springs
Fuel Flaps
Grab Handles
Shackles
Bonnet Support Rods
License Plates
Seat Belt Latches
Door Lock Buckles

By Vehicle:

Passenger Vehicles
- Compact Cars
- Mid-sized Cars
- Luxury Cars
- SUVs
Light Commercial Vehicles
Buses and Coaches
Trucks and Trailers

By Sales Channel:

OEM
Aftermarket

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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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Global Battery Technology Market Set to Achieve US$ 113.5 Billion Valuation in year 2024

The global battery technology market is likely to secure a valuation of US$ 113.5 billion in 2024, with a CAGR of 8.2% during the forecast period. The global market is expected to surpass US$ 250 billion by 2034.

Focus on consumer requirements and minimizing the necessity of critical minerals is gaining traction among the manufacturers. Moreover, developing an intelligent solution to reduce carbon footprint drives its adoption globally. For instance, Stellantis, an Amsterdam-based provider of innovative mobility solutions, signed an agreement with CATL in 2023. Under the agreement, CATL will source LPA battery cells and modules for its electric vehicles.

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Advancements in medical instruments and wearable devices to monitor patients’ health have increased the demand for battery technology. Similarly, electronic toys and consumer goods like smartbands are widely expanding the adoption of battery technology.

Manufacturers integrate advanced technologies to enhance work efficiency with better charging solutions, driving market growth. Focus on green solutions, eco-friendly devices, and recyclable approaches are gaining vast market revenue to reduce carbon footprints. Strategic plans for developing intelligent wearable technologies that can convert solar energy into power create opportunities for market players.

Key manufacturers are bringing new technologies to increase global market revenue through their improved product portfolio. Increasing consumer demand for reliable, fast, and energy-efficient devices is raising the adoption of battery technology. Manufacturers are making crucial and valuable products integrating primary and secondary battery technologies, which are booming market revenue.

“Rising wireless devices in transportation and healthcare are crucial in boosting the global market. Technology-based companies are researching ambient energy harvesting and sensing solutions for wireless devices. These breakthroughs in wearable and touchable devices will change the face of battery technology,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Key Takeaways:

The battery technology market is registering a CAGR of 8.2% between 2024 and 2034.
The United States is expected to register a CAGR of 8.3% by dominating the global market by 2034.
Japan is anticipated to capture a CAGR of 3.1% of the global market during the forecast period.
South Korea is anticipated to register a CAGR of 8.4% in the global market by 2034.
China significantly drives the global market with a CAGR of 8.5%.
With a CAGR of 8.7%, the United Kingdom is rapidly advancing globally.
The automotive category is estimated to lead the global market during the forecast period.

Competitive Landscape

Due to growing consumer demand, key players are adopting various marketing methodologies to bring new product launches. These key players are creating realistic touch sensations that can monitor vibration and motions. Moreover, manufacturers offer a wide range of products integrating innovative battery technology with non-invasive sensors. They are developing sustainable and recyclable products to reduce carbon emissions.

Key Players in the Battery Technology Market

Exide Corp.
Hitachi Limited
SAMSUNG SDI CO. LTD
Sony Corp
Google Inc
General Electric Co.
Honda Inc.
Honeywell Batteries
China Bak Battery, Inc
Fujitsu Ltd
American Battery Charging Inc

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Key Segments Covered in Battery Technology Market

By Battery Type:

Lead Acid
Lithium-ion
Nickle Cadmium
Nickle Metal Hydride
Others

By Application:

Automotive Industry
Consumer Electronics
Power Industry
Defense & Aviation
Residential & Commercial Industry
Others

By Region:

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

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Axial Piston Motor Market Set to Grow at a Moderate 3.70% CAGR, Anticipating a Valuation of US$ 529 Million by 2034

The valuation of the global axial piston motor market was around US$ 361.9 million in 2023. The demand is projected to rise at a moderate CAGR of 3.70% over the forecast period. The market is expected to reach US$ 529 million by 2034.

The increasing industrialization worldwide is projected to drive the future of the axial piston motor market. Some of the important trends expected to create immense opportunities in the market in the next years include the development of new materials and the integration of smart technologies.

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Rising demand for axial piston motors in machinery such as trucks, bulldozers, and harvesters is expected to drive the growth of the market. Moreover, increasing implementation of new technologies in axial piston motors is expected to create opportunities in the market.

Producers are entering new markets throughout different regions. Manufacturing businesses are focusing on developing strategic collaborations with retailers to increase their brand awareness. Other factors are also anticipated to drive the market over the forecast period. Consumers are seeking work-efficient motors for various applications in different machines, which is expected to drive the market.

The demand for axial piston motors is rapidly increasing due to technological advancements and enhanced efficiency, versatility, and better performance of these motors.

Key Takeaways from the Market Study

The global axial piston motor market is estimated to register a CAGR of 3.70% through 2034.
The market is expected to reach a valuation of US$ 529 million by 2034.
The United States is anticipated to dominate the global market by registering a 3.30% CAGR during the forecast period.
With a 4.20% CAGR, the market in China is significantly rising over the forecast period.
The market in Japan is anticipated to secure a CAGR of 2.80% during the forecast period.

“The Axial Piston Motor exhibits substantial potential for growth in various industries. With its efficient design and versatility, the motor is positioned to meet the increasing demand for high-performance hydraulic systems” , – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Competitive Landscape in the Axial Piston Motor Market

In recent years, there has been a surge in investments and collaborations with venture capital firms and businesses within the industry. These strategic partnerships aim to accelerate research and development activities, scale production, and expand market reach.

Key players have initiated promotional activities to introduce the design and engineering of novel motors with enhanced efficacy.

Key Players in the Axial Piston Motor Market

Eaton Corp.
Parker Hannifin Corp.
Danfoss
Bosch Rexroth AG
Kawasaki Precision Machinery Co., Ltd.
Poclain Hydraulics
Bonfiglioli S.p.A.
HYDAC International GmbH
Linde Hydraulics GmbH & Co. KG
Sauer-Danfoss GmbH
Rexroth Hydraulics
ZF Friedrichshafen AG
Sun Hydraulics Corporation
HAWE Hydraulik
Nachi-Fujikoshi Corp.
Sumitomo Heavy Industries, Ltd.
IHI Corporation
Komatsu Ltd.
Hitachi Construction Machinery Co., Ltd.
Caterpillar Inc.
Volvo Construction Equipment AB
John Deere
Case New Holland
Kubota Corporation

Recent Developments in the Axial Piston Motor Market

Bonfiglioli introduced new track drives with integrated axial piston motors for hybrid platforms.
In 2023, Parker Hannifin introduced the F10 medium-duty, fixed-displacement, bent-axis pump, and motor series, an evolution of the company’s Pump & Motor Division Europe’s F11 and F12 products.

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Key Segments

By Product Type:

High Speed
Medium Speed
Low Speed

By End-use Industry:

Mining
Automotive
Marine
Oil and Gas

By Region:

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

Author

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

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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Component Content Management Systems Anticipated to Reach US$ 7.3 Billion Market with a 9% CAGR by 2032

The global component content management system market is anticipated to grow at a CAGR of 9% and reach a market value of US$ 7.3 billion. The market has expanded as a result of the rising demand for content optimization software.

Multi-channel publishing’s rising popularity is also anticipated to be a significant contributor to growing the market during the evaluation period. Additionally, the industry is projected to profit from the rapid adoption of process automation technology in businesses during the assessment period. Institutions all over the world are choosing effective component content management systems for a variety of solutions, and it is anticipated that this trend will continue over the assessment period.

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Additionally, market participants are incorporating analytics-, AI-, and machine learning-based solutions, which are anticipated to offer considerable prospects for market expansion. Datamatics Global Services Limited introduced an upgraded version of TruCap+ with built-in AI/ML capabilities in March 2021. Enterprises can complete end-to-end document procedures with great accuracy thanks to the solution. During the forecast period, it is anticipated that these actions by players will promote market expansion.

Key Takeaways From The Component Content Management Systems Market Report:

By type, the cloud-based segment is expected to expand at a CAGR of 8.7% during the forecast period
Based on application, the large enterprise segment is projected to witness a growth rate of 8.5% in the assessment period
The market in the UK is anticipated to garner a market value worth US$ 335.1 Million by 2032.
The industry in China to propel at a CAGR of 9.1% during the assessment period.
Sales in Japan are expected to increase at a growth rate of 8.3% during the assessment time.
The market in South Korea is projected to hold a market value of US$ 7.3% during the forecast period.

Leading Key Players:
The global component content management systems market includes IXIASOFT, Adobe, eZ Systems, SDL Tridion Docs, and OpenText.

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Component Content Management Systems Market Segmentation:

By Type:

Cloud-based
Web-based

By Application:

Large Enterprises
SMEs

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

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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Sales Platforms Software Market Anticipates Soaring to US$ 193.1 Billion by 2032 with a 10.4% CAGR

The sales platforms software market is expected to increase at a CAGR of 10.4% from USD 71.5 billion in 2022 to US$ 193.1 billion through 2032. The emergence of COVID-19 has caused a temporary halt in output, causing a downturn in several international economies. The sales platforms software market is affected. Sales enablement issues and possibilities have become more obvious than ever as a result of the COVID-19 situation.

The growing requirement among businesses to strengthen internal business processes and promote sales performance is likely to fuel the global expansion of the sales platforms software market.

Within Mid-sized Enterprises, both market dynamics are driving the demand for sales enablement, which unifies marketing and sales operations, roles, and responsibilities, as well as technology and systems. These solutions envision enablement ranging from product-level information to advanced analytics, enabling higher lead conversions, depending on the seller’s maturity.

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The proliferation of mobile devices and the availability of dependable Wi-Fi have thrown the buyer-seller relationship on its head. As the number of connected devices grows at an exponential rate, new sales channels emerge, providing potential for the sales platforms software market.

The aforementioned challenges in consumer goods and retail generate an urgent demand for sales platform solutions in the market. The uneven user experience across different access channels may hurt the sales platform software market’s growth.

As North America is a key hub for technical advancements and an early user of new technologies, it holds the largest market share in the sales platforms software market. Customers in the region are being served with best-in-class services, ensuring that they are engaged at the appropriate moment.

Their’ buying behavior has changed dramatically as a result of increased Internet, communication devices, and mobile penetration, and it is critical to approach customers with the correct content to remain competitive.

The presence of big businesses in North America’s sales platforms software market helps to fuel demand and raise knowledge about the advantages of using sales enablement technologies.

Sales enablement bridges the gap between sales and marketing, allowing businesses in the North American area to create more revenue.

Key Takeaways from the Sales Platforms Software Market Report:

The cloud-based category in the type sector of the sales platforms software market is expected to grow at a CAGR of 10.3%.
The large enterprises in the application segment of the sales platforms software market are increasing at a CAGR of 10.1%.
The sales platforms software market in the United States is expected to reach US$ 68.9 billion by 2032, growing at a CAGR of 10.2% over the study period.
By 2032, the UK’s sales platforms software market is predicted to be valued at US$ 8.1 billion, with a CAGR of 9.4%.
With a CAGR of 9.9% throughout the forecast period, China’s sales platforms software market is predicted to reach US$ 13.5 billion by 2032.
The market for sales platform software in Japan is expected to be worth US$ 11.6 billion by 2032, with a CAGR of 9.5% throughout the forecast period.
South Korea is expected to reach a sales platforms software market size of US$ 6.9 billion by 2032, with a CAGR of 9% over the forecast period.

Competitive Landscape:
The major players offering sales engagement platforms include SAP, Bigtincan, Upland Software, Showpad, Seismic, Highspot, Accent Technologies, ClearSlide, Brainshark, and others.

Seismic (US), a prominent sales platforms software provider, offers a sales and marketing enablement platform to bridge the sales and marketing divide. The seismic sales platforms software aids an organization’s sales staff in increasing transaction conversion rates and overall efficiency.

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Sales Platforms Software Market Segmentation:

By Type:

On-Premises
Cloud-based

By Application:

Large Enterprises
SMEs

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Data Center Infrastructure Management Market Anticipates a 10.7% CAGR, Crossing the US$ 5.6 Billion Mark by 2032

The data center infrastructure management market size is expected to reach US$ 2 billion in 2022 registering a CAGR of 10.7% from 2022 to 2032. Energy-efficient data centers are expected to exceed US$ 5.6 billion by the end of 2032. The business has been experiencing an unprecedented data revolution since the recent boom in digital technology and transformation regarding storage, performance, security threats, and methods of communication.

With the adoption of internet-enabled devices over the years, the demand for data centers in various regions will continue to rise. With the rapid growth in development, the construction of data centers has increased significantly, increasing the need for DCIM solutions and services in the market. Furthermore, with the growing demand for green initiatives, government agencies across the region are working on new laws that will result in a reduction of carbon emissions, increased efficiency in energy usage, and so on.

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Key Takeaways From The Data Center Infrastructure Management Market Report:

On-premises deployment model data center infrastructure management segment to expand at a CAGR of 10.7% during the forecast period
The U.S. market is expected to reach US$ 2 Billion by 2022, growing at a CAGR of 10.5% by the end of the forecast period.
A growing number of IT sector businesses in China are expected to grow at a CAGR of 10% between the period of 2022-2032.
Data center infrastructure management had an absolute value of US$ 1.8 billion in previous years.
With the increasing expansion of data centers in Japan, the market is expected to grow at a CAGR of 9% over the forecast period.

Data Center Infrastructure Management Market Landscapes:
End users will reap the benefits of new technologies as new locations and technologies of data centers are introduced. One of the potential benefits of a strategic partnership is the ability to expand the company’s operational capabilities. Security breaches and data losses in the market can be reduced by providing businesses with smart and dynamic data centers.

In February 2022, Web Werks, an Indian data center company, will launch a new facility in Bengaluru. A new data center is being built by the company in Whitefield, its first in the state of Karnataka. It is projected that the first phase of delivery will be completed in Q4 2022. The building will provide 110,000 square feet of colocation space, 20 MVA of gross power, and 10MW of IT capacity when fully constructed.
In July 2021, an investment fund with a focus on Eastern Europe is planning to allocate more than €1 billion ($1.9 billion) to spend on digital infrastructure in the region. Investments in critical infrastructure in Central and Eastern Europe (CEE) will be carried out by the Three Seas Initiative Investment Fund (3SIIF), which was established in 2019. Specific attention is being paid to the Three Seas region as well as the 12* countries that border the Baltic, Adriatic, and Black seas. In addition to renewable energy, it has recently invested in digital infrastructure and railways.

Leading Key Players:

ABB
CommScope
Cormant
Delta Electronics
Device42
Eaton
FNT Software
Graphical Networks
GreenField Software
Hyperview

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Data Center Infrastructure Management Market Segmentation:

By Component:

Solution
Services

By Application:

Asset Management
Capacity Planning
Power Monitoring
Environment Monitoring
BI and Analytics
Others (Automated Workflow and Change Management, and Auditing and Reporting)

By Deployment Model:

On-premises
Cloud

By Data Center Type:

Enterprise Data Center
Managed Data Center
Colocation Data Center
Cloud and Edge Data Center

By Vertical:

BFSI
Government and Public Sector
IT and ITeS
Manufacturing
Healthcare and Life Science
Telecommunications
Others (Retail and E-Commerce, Education, and Media and Entertainment)

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Customer Journey Analytics Software Market Set to Soar with a 13.7% CAGR, Anticipated to Exceed US$ 7.4 Billion by 2032

The customer journey analytics software market is estimated to reach from US$ 2.1 Billion in 2022 to US$ 7.4 Billion in 2032 and is projected to reach a CAGR of 13.7% during the forecast period from 2022 to 2032. With the recent boom in digital technology and transformation, customers have gone through a consumer revolution in terms of changes in purchasing patterns, choices, and modes.

To serve businesses in the market, vendors continuously seek to incorporate new features into their solutions. Buyers will have more access to small-scale suppliers as a result of increased market competition. Customer journey analytics software will expand as a result of rising demand for seamless customer experiences and a focus on customer engagement tactics across a variety of channels.

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Key Takeaways From The Customer Journey Analytics Software Market Report:

Large enterprise customer journey analytics software segment to expand at a CAGR of 13.1% during the forecast period
In the U.S., the market is predicted to reach US$ 2.7 Billion while growing at a CAGR of 13.4% during the forecast period.
China’s market will grow at a 13.1% CAGR during the forecast period.
South Korea recorded a CAGR of 11.2% CAGR during the forecast period.
Japan is expected to reach a CAGR of 12.1% during the forecast period between 2022 and 2032.
The market for cloud-based type customer journey analytics software segment is to expand at a CAGR of 13.6% during the forecast period.

Competitive Analysis:

In March 2022, Adobe announced a new feature for Customer Journey Analytics, its platform-agnostic customer tracking solution under Adobe’s Experience Cloud. As a new experimentation feature in Journey Analytics, Adobe introduced a new way for businesses to test real-world scenarios and analyze their results to better understand how even small changes can affect the overall customer journey across their various properties
In January 2021, Quantum Metric, a company that helps businesses build better digital products faster, announced a $200 million Series B investment led by Insight Partners that secures its place among the first tech unicorns of the year. As Quantum Metric grows its customer base, the new funding will be used to continue building features and functionality on its platform, as well as investing in its product and support teams to better support its continuous product development (CPD).

Leading Key Players:

Adobe
Pointillist
Salesforce
Flockrush
Indicatie
Verint
CloudCherry
Cooladata
UXPressia
Alterian
Auryc

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Customer Journey Analytics Software Market Segmentation:

By Type:

Cloud-Based
On-Premises

By Application:

Large Enterprises
SMEs

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Banking-as-a-Service (BaaS) Platform Market Set to Reach a Staggering US$ 16,715.3 Million with 16.2% CAGR

The banking-as-a-service (BaaS) platform market reached a value of US$ 3,240.6 million in 2022. With steady progress, the market is predicted to reach US$ 3,713.7 million in 2023 and is poised to surge to a substantial value of US$ 16,715.3 million. Expected to maintain a (CAGR) of 16.2% from 2023 to 2033, the evolution of BaaS platforms is set to reshape the global financial services landscape.

The concept of banking-as-a-service (BaaS) presents an end-to-end model that facilitates direct connectivity between digital banks, third-party entities, and traditional banks’ systems through Application Programming Interfaces (APIs). This enables the construction of banking solutions atop regulated infrastructures provided by banks, unlocking the potential of open banking. This paradigm shift is reshaping the global financial services sector, allowing for the creation of innovative offerings.

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Revolutionizing the Financial Landscape: Banking-as-a-Service (BaaS) Redefining Collaboration:
In recent years, Banking-as-a-Service (BaaS) has emerged as an innovative avenue for collaboration between banks and third-party entities, offering customers digital-only banking products, enhanced experiences, and increased choices. This paradigm shift has transformed the dynamics of the financial services industry, benefiting both established players and newcomers.

Unveiling New Avenues with BaaS:
Banking-as-a-Service (BaaS) presents a comprehensive model that establishes direct links among digital banks, third-party entities, and traditional banks’ systems using APIs. This framework empowers stakeholders to create inventive banking solutions on regulated infrastructures, leveraging the potential of open banking. This transformative approach is reshaping the global financial services landscape.

Pioneering Open Banking: A Global Transition:
A remarkable transition is underway in the financial services sector as various countries adopt open banking regulations. This movement reflects an industry-wide shift toward shared data and infrastructure. Consumers are embracing this new normal, and the evolving landscape aligns with BaaS principles to foster collaborations among diverse stakeholders.

Seizing the Opportunity: Future-Proofing Through Tech-Savvy Strategies:
Forward-looking legacy banks with technological acumen are seizing the opportunity by establishing their own BaaS platforms. This strategic move not only positions them to leverage open banking ahead of competitors but also enables them to generate revenue by monetizing their platforms. The projected demand for BaaS platforms is set to surge with a (CAGR) of 16.2% from 2023 to 2033, surpassing the 14.1% CAGR observed from 2018 to 2022. This proactive strategy solidifies their position in a dynamic and evolving financial ecosystem.

Leading Key Players:

Sopra Banking Software
Solarisbank AG
Bankable
Treezor
11:FS Foundry
Clearbank Ltd.
Q2 Software, Inc.
Green Dot Corporation
Sterling National Bank
Banco Bilbao Vizcaya Argentaria (BBVA), S.A
Unit Finance Inc.
Starling Bank
Treasury Prime
ADVAPAY OÜ
Technisys

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Banking-as-a-Service (BaaS) Platform Market Segmentation:

By Solution:

Banking as a Service Platform
Banking as a Service APIs
Services
- Payment Processing Services
- Digital Banking Services
- KYC Services
- Customer Support Services
- Others

By Enterprise Size:

Small and mid-sized Organizations
Large Organizations

By End User:

Banks
FinTech Corporations
Investment Firms
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Variable Data Printing Market Poised to Exceed US$ 31.2 Billion by 2030 with a Remarkable 12.9% CAGR

The variable data printing market was US$ 10.5 billion. The market for variable data printing is anticipated to reach US$ 31.2 billion by 2030, expanding at a 12.9% CAGR from 2022 to 2030.

The market for variable data printing (VDP) is being driven by the growth of the retail sector and rising costs for labelling and tagging all products. According to Future Market Insights, the healthcare and food and beverage industries will continue to play a significant role in the expanding use of variable data printing as consumers demand clear, comprehensive labelling.

Since end customers frequently want flexibility when printing labels, the market’s product labelling segment is expected to grow dramatically during the time of forecasting. Variable data printing is a popular option since it allows for the customization of artwork, data, and content without impairing the bulk printing process. The market for printing with variable data is expected to grow at a CAGR of 12% from 2020 to 2030.

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Key Takeaways from the Variable Data Printing Market Report:

North America is expected to hold a significant share in the global variable data printing market as the adoption of RFID labels and creative labelling increases
Accelerated adoption of variable data printing in the food & beverage industry will propel the growth of variable data printing by 13% during the forecast period
Barcodes and QR code printing are expected to hold a significant share of 36% during the forecast period in the globally market as digital wallets become the new normal for making payments
Retail and CPG segment will exhibit a CAGR of 18.5% between 2020 and 2030 in the South Asia & Pacific variable data printing market creating potential growth opportunities for vendors

COVID-19 Pandemic Impact Analysis:
With the supply of only essential goods and restricted movement, the lockdown has had a massive impact on the global printing industry, bringing it to a near-standstill. Only a handful of companies have been able to continue operations with 20-25% staff, slowing operations and creating uncertainty in business.

While manufacturing companies have been allowed to run at 50 per cent capacity, most label printing companies are running at as low as 15-20% production capacity. In the past 5 years, the market for variable data printing has grown by almost 10% globally. However, the COVID-19 outbreak is expected to cause a shift in these statistics as demand for non-essential items such as clothing and cosmetics is projected to drop.

On the other hand, analysts project that the demand for variable data printing will remain high in the pharmaceuticals and food & beverages sectors in Q2 2020, a trend that will continue through Q3 and Q4 2020. The indispensable need for products these sectors manufacture, impeccable logistics built by the e-commerce industry to make them available to end users, and smart tracking with RFID labelling could offset the losses the market is expected to suffer.

Leading Key Players:

HP Inc.
Canon, Inc.
Xerox Corporation
RR Donnelley & Sons Company
3M Company
Mondi PLC
Avery Dennison Corporation
Quad/Graphics, Inc.
Cenveo, Inc.
Ws Packaging Group, Inc.

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Variable Data Printing Market Segmentation:

By Component:

Variable Data Printing (VDP) Machine
Variable Data Printing (VDP) Software
Services
Personalized Printing Services
Support Services

By Application:

Barcodes/QR Code Labels Printing
Advertising Stickers Printing
Plastic Cards/PVC Printing
Product Labels Printing
Others

By Industry:

Retail and CPG
Pharmaceuticals
Electronics and Electricals
Food and Beverages
Logistics
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

High Barrier Packaging Films Market worth US$ 33.6 Billion by 2033: A Comprehensive Report by FMI

In the complex interplay of preserving freshness and safeguarding products, the High Barrier Packaging Films Market emerges as a guardian of quality, seamlessly marrying innovation and resilience. These films, crafted with advanced technologies, create an impermeable shield against external elements, ensuring that the contents within remain pristine. Join us on a journalistic journey into the intricate world of the High Barrier Packaging Films Market, where every layer is a testament to the pursuit of longevity, sustainability, and the crucial role it plays in preserving the essence of various goods. From extending the shelf life of food products to protecting pharmaceuticals, this narrative unveils the art and science behind high barrier packaging films, showcasing how they have become an integral player in the evolution of modern packaging solutions.

The global high barrier packaging films market is poised for significant growth, with a projected value exceeding US$ 18.5 billion by 2023. This upward trajectory is expected to continue with a moderate Compound Annual Growth Rate (CAGR) of 3.9% throughout the estimated time frame from 2023 to 2033. By the end of this period, the market is anticipated to reach a substantial value of US$ 33.6 billion. The robust demand for processed food items is a key driver behind the soaring sales of high barrier packaging films, leading the top 5 manufacturers to collectively command a notable 29% share of the global market in 2023.

In 2022, the high barrier packaging films market achieved a noteworthy revenue milestone, reaching approximately US$ 17.6 billion globally. Fueled by escalating demand, particularly from the dynamic food and beverage sector, this market is anticipated to undergo a substantial 1.9x expansion during the forecast period, indicative of robust growth prospects in the high barrier packaging films industry.

The rising global demand for meat products is expected to fuel the sales of high-performing polyethylene films. These specialized films are particularly well-suited for packaging meat, poultry, and fish due to their exceptional properties, including heat resistance, durability, and excellent oxygen barrier capabilities. As the meat industry experiences increased demand worldwide, the use of polyethylene films in packaging becomes increasingly crucial for maintaining product freshness and extending shelf life.

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Market Drivers:

Eco-Friendly Materials: The development of sustainable and eco-friendly high barrier films, such as biodegradable and recyclable options, aligns with environmental and consumer demands.
Increasing Consumer Demand: Growing consumer awareness and concerns about product safety, freshness, and shelf life drive the demand for high barrier packaging films to protect a wide range of products, including food, pharmaceuticals, and electronics.
Food Preservation: High barrier films are crucial for extending the shelf life of perishable foods, reducing food waste, and meeting the demands of the food industry and consumers for longer-lasting products.
Pharmaceutical Applications: The pharmaceutical sector relies on high barrier films to ensure the integrity and longevity of drugs and medical devices by protecting them from moisture, oxygen, and light, which can compromise their effectiveness.
Product Differentiation: High barrier films allow manufacturers to create distinctive packaging that attracts consumers, builds brand identity, and sets products apart from competitors.
Regulatory Compliance: Stringent regulations in the food and pharmaceutical industries require high barrier packaging to meet safety and quality standards.

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Top Market Trends

Anticipated to experience soaring demand throughout the assessment period, high barrier packaging films are set to witness increased adoption due to their versatile attributes. The global market is further propelled by the high consumption of meat worldwide, marking another significant factor contributing to the market’s sustained growth and increased sales.

Transparent and see-through packaging has a profound influence on the presentation of food and beverage products. High barrier packaging films, crafted from functional materials, play a crucial role in preserving the quality, aroma, taste, and texture of food. Widely adopted in the packaging of various food items, including dairy products, fruits, and vegetables, these films are prized for their exceptional oxygen barrier, durability, lightweight composition, and resistance to heat.

Key Market Players

Amcor Plc
Sealed Air Corp
Glenroy, Inc.
Winpak Ltd.
Mondi Plc
Toray Plastics (America), Inc.
Berry Global, Inc.
Schur Flexibles GmbH
Huhtamaki Oyj
Jindal Poly Films Ltd.
Uflex Ltd.
Cosmo Films Ltd.
Bischof & Klein SE & Co. KG
Plastissimo Film Co., Ltd.
Celplast Metallized Products Ltd.
Dunmore Corporation
ProAmpac Intermediate, Inc.
Polyplex Corporation Limited
Shrinath Rotopack Pvt. Ltd.

Market Outlook by Category

By Film Type:

Metalized Films
Clear Films
Organic Coating Films
Inorganic Oxide Coating Films

By Material Type:

Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Ethylene Vinyl Alcohol (EVOH)
- Polyethylene Terephthalate (PET)
- Polyvinylidene Chloride (PVDC)
- Polyamide (Nylon)
- Polyethylene Naphthalate (PEN)
- Others
Aluminium
Oxides
- Aluminium Oxide
- Silicon Oxide
Others

By Packaging Type:

Pouches
Bags
Lids
Shrink Films
Laminated Tubes
Others

By End User:

Food
- Meat, Seafood, and Poultry
- Baby Food
- Snacks
- Bakery and Confectionery
- Pet Food
- Dairy Food
- Ready to Eat Meals
- Other Food
Beverages
- Alcoholic Beverages
- Non Alcoholic Beverages
Pharmaceuticals
Electronic Devices
Medical Devices
Agriculture
Chemicals
Others

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan Countries
Baltic Countries
Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani