Church Management Software Market is Poised to Grow at a Healthy CAGR of 5.7% by 2032 | Future Market Insights, Inc.

The global church management software market is estimated to garner USD 405.0 Million, while exhibiting a 5.7% CAGR during the 2022-2032 forecast period, according to a recently published FMI report. The market is expected to secure USD 232.4 Million in 2022. 

The adoption of church management software in large and small organizations is anticipated to gain benefits from church management as it is becoming more popular. Rising development in church management software and the addition of new features will grow the demand and are anticipated to foster the market growth on a large scale in near future.

Also, growing threats to data security and the high deployment cost of the church management software are some of the prominent factors anticipated to hinder the market’s growth during the forecast period. 

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From 2015 to 2021, demand for church management software grew at a CAGR of 6.4% to close at USD 218 Million. As per the analysis, the cloud-based segment is anticipated to hold remunerative opportunities for the global church management software market. Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.  

Key Takeaways: 

  • By application, the mobile terminal segment is expected to record a 5.8% CAGR by 2032  
  • By deployment, cloud-based church management software to expand at a 5.7% growth rate during the forecast period  
  • The U.S market to garner USD 144.5 Million and record a 5.5% CAGR from 2022-2032  
  • Market in China to procure USD 29 Million, expanding at a 5.1% growth rate during the assessment period 
  • Global church management software industry to experience 1.7x growth from 2022-2032 

Competitive Landscape:

Eminent players in the global church management software market include ACS Technologies Group Inc., Anedot Inc., Blackbaud Inc., Faithlife LLC, and Ministry Brands LLC among others.  Recent developments among players include: 

  • In April 2021, Faithlife unveiled its newest, first-of-its-kind technology product set to revolutionize worship, discipleship, and management for church leaders. Faithlife recognizes the challenges church leaders face, especially in today’s complicated times when the way we previously ministered to congregants has changed significantly.  
  • In August 2021, Ministry Brands announced the acquisition of WeShare and WeGather assets from LPi, a leader in print and online communications primarily serving the Catholic Church market. The addition of WeShare and WeGather enables Ministry Brands to better serve Catholic constituents. 

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Who are the Key Players in the Global Church Management Software Market?

Eminent players in the global church management software market include ACS Technologies Group Inc., Anedot Inc., Blackbaud Inc., Faithlife LLC, and Ministry Brands LLC among others. Recent key developments among players include:

  • In April 2021 – Faithlife, unveiled its newest, first-of-its-kind technology product set to revolutionize worship, discipleship, and management for church leaders. Faithlife recognizes the challenges church leaders face, especially in today’s complicated times when the way we previously ministered to congregants has changed significantly.

More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global church management software market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032. 

The study reveals essential insights on the basis of Application (Mobile terminal, PC) by Deployment (On-premises, cloud-based) and Region (North America, Europe, APAC, Middle East & Africa, and Latin America) 

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Church Management Software Industry Segmentation:

By Application:

  • Church Management Software across Mobile Terminals
  • Church Management Software across PCs

By Deployment:

  • On-premises Church Management Software
  • Cloud-based Church Management Software

By Region:

  • North America Church Management Software Market
  • Europe Church Management Software Market
  • APAC Church Management Software Market
  • The Middle East & Africa Church Management Software Market
  • Latin America Church Management Software Market

About Future Market Insights (FMI)

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

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Catering Management Market is Expected to Reach a Strong Valuation of USD 159.3 Billion by 2032 | Says FMI

The catering management market is poised for substantial growth, with a projected CAGR of 4.3% expected during the forecast period spanning from 2022 to 2032. This robust expansion is anticipated to propel the market to reach a remarkable valuation of USD 104.3 Billion in 2022 and USD 159.3 billion by the year 2032

This surge in demand and market value can be attributed to various factors, including a growing trend in outsourcing catering services by businesses and individuals, increasing consumer preference for customized and diverse menu options, and the rising popularity of catering management services for various events and occasions.

As the industry continues to evolve and adapt to changing consumer needs and preferences, it is clear that the catering management market is on a trajectory of sustained growth and significant economic impact in the coming years.

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In addition, the catering management market adoption trends are propelled by the innovative food service catering developed by hotels and restaurants, and the same is also expected to drive the catering management market.

Individuals between the ages of 18 and 35 prefer to eat out due to their hectic lifestyles, thereby boosting the catering management market trends and forecasts. The higher adoption of catering services can also be attributed to the cost per person decreasing as a result of bulk transportation of food items, which is also a major driving factor for catering management at events.

Catering services also contribute to the provision of sanitary and nutritious food to a variety, including colleges, offices, institutions, schools, and airplanes.

During the forecast period, all of these factors contribute to the growth of the catering management market. The catering management market is segmented by service type, application, and region. During the forecast period, the North American market is expected to have the highest catering management market share.

Key Takeaways from the Catering Management Market Report:

  • Based on application, the corporate segment is likely to lead the catering management market with a CAGR of 2.9% through 2032.
  • By service type, the contractual catering services segment is expected to hold the largest catering management market share owing to the constantly changing dynamics of the modern workforce and an insatiable appetite for different types of cuisines.
  • During the forecast period, the North American market is expected to lead with the highest market growth in the global catering management market.
  • The Asia Pacific catering management market is also likely to advance significantly due to the region’s high demand for catering and food services in airports and commercial organizations.
  • The catering management market in Latin America and the Middle East and Africa region is expected to move forward slowly during the forecast period.

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Competitive Landscape:

The market players are coming up with various strategies to consolidate their market position and also play a major role in bringing about emerging trends in the catering management market.

Leading Key Players:

  • Compass Group Plc.
  • Dine Contract Catering
  • Sodexo
  • Elior Group
  • Delaware North
  • Aramark Corporation
  • Westbury Street Holdings
  • Thompson Hospitality
  • Olive Catering Services
  • Ovations Food Services
  • Dine Contract Catering Ltd.

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Catering Management Market Segmentation:

By Service Type:

  • Wedding Catering
  • Social Event Catering
  • Concession Catering
  • Restaurants Catering
  • Others

By Application:

  • Corporate
  • Educational Institutions
  • Healthcare
  • Industrial
  • Hospitality Services
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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Global Orthopedic Power Tools Market Set to Surge, Reaching USD 2541.8 million by 2034

The global orthopedic power tools market is poised for remarkable growth, projected to achieve a valuation of USD 1684.5 million by 2024 and anticipated to expand further at a robust CAGR of 4.2% through 2034. By the end of the next decade, the market is forecasted to reach an impressive USD 2541.8 million.

Orthopedic power tools are undergoing a transformative evolution, marked by advancements in miniaturization and precision. These innovations are revolutionizing surgical practices, allowing for enhanced accuracy and reduced tissue damage. Future developments suggest tools tailored for intricate procedures in spinal and microsurgery, driving efficiencies and improving patient outcomes.

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The integration of orthopedic power tools with robotic systems represents a pivotal advancement. Robotic-assisted surgeries promise unprecedented precision and control, potentially shortening recovery times and optimizing patient recovery pathways.

“Incorporating advanced imaging technologies such as MRI and CT scans directly into orthopedic power tools is poised to redefine surgical precision,” noted FMI. “Real-time feedback capabilities will empower surgeons with enhanced visualization and ensure precise implant placement, ultimately raising the standard of care.”

The future landscape of the orthopedic power tools industry may feature smart tools equipped with embedded sensors and intelligent algorithms. These innovations are designed to monitor critical surgical parameters in real-time, providing surgeons with actionable insights during procedures.

Furthermore, the industry is embracing digital transformation with remote monitoring and IoT connectivity. Manufacturers are leveraging digital platforms to monitor tool performance remotely, deliver real-time technical support, and implement predictive maintenance protocols. This digital evolution promises to optimize operational efficiency, minimize downtime, and ensure seamless surgical experiences.

As the orthopedic power tools market accelerates towards a transformative future, stakeholders are urged to anticipate and embrace these innovations to drive superior patient outcomes and operational excellence.

Key Takeaways: Orthopedic Power Tools Market

  • The orthopedic power tools market is expected to reach USD 1684.5 million in 2024 and grow at a CAGR of 4.2% to reach USD 2541.8 million by 2034.
  • The United States is a major market due to advanced healthcare, a large aging population needing surgeries, and a focus on innovation (e.g., robotic surgery).
  • Rising musculoskeletal disorders and a value-driven healthcare system influence the UK market, with a focus on cost-effective and efficient power tools.
  • An aging population, growing healthcare spending, and increasing disposable income drive the Chinese market’s rapid expansion. Government initiatives and collaboration between domestic and international players further accelerate growth.

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Competitive Landscape:

Leading firms in the orthopedic power tools market are leveraging partnerships with research institutions and healthcare providers to pioneer advanced tools tailored for surgeons and patients alike. These collaborations foster the exchange of expertise, knowledge, and resources, fueling market expansion through the introduction of state-of-the-art technologies.

Key Market Highlights

  • In January 2024, Stryker reported a robust close to 2023, propelled by the introduction of new products and the Mako orthopedic surgical robot, setting high expectations for 2024.
  • February 2024 marked a milestone for Zimmer Biomet Holdings, Inc. with FDA clearance for its ROSA® Shoulder System, the world’s first robotic-assisted shoulder replacement system. This achievement underscores the ROSA® Robotics portfolio’s innovation, encompassing the ROSA® Knee System and ROSA® Hip System.

Company Profile:

  • Misonix
  • DePuy Synthes
  • Medtronic Plc
  • ConMed Corporation
  • B. Braun Melsungen AG
  • Zimmer Biomet
  • Johnson & Johnson
  • Stryker Corporation
  • De Soutter Medical
  • AlloTech Co. Ltd.

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Orthopedic Power Tools Market by Category:

By Product:

In terms of product, the market encompasses small bone orthopedic power tools, large bone orthopedic power tools, and high-speed orthopedic power tools.

By Modality:

Modality types used in orthopedic power tools are categorized into single use orthopedic power tools and reusable power orthopedic tools.

By Technology:

Based on technology the market is segmented into pneumatic-powered systems, electric-powered systems and battery-powered systems.

By End-User:

In terms of end user, the market is segmented into hospitals, ambulatory surgical centre and orthopedic clinics

By Region:

In terms of region, the industry is divided into North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East and Africa.

About Future Market Insights (FMI)

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

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Native Video Advertising Market is Projected to Grow at a Strong CAGR of 25.2% by 2032 | Future Market Insights, Inc.

The native video advertising market size accounts for about USD 4.1 billion in 2022 and is anticipated to garner a revenue of USD 38.4 billion by 2032, moving forward with a CAGR of 25.2% during the forecast period (2022-2032).

Social media platforms such as Facebook, Twitter, and Tumblr were among the first to adopt and market native advertising.  Native video advertising has become one of these companies’ primary sources of revenue in recent years, expanding their native video advertising market share.

Native video advertising market opportunities are fostered by money as the same has also enticed many international publishing houses to launch new advertising platforms on their mobile and desktop websites.

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The fact that native ads are less disruptive/intrusive than banner ads is one of the major factors driving the global native advertising market growth.

Native advertisements also fit in better on mobile devices and owing to the popularity of mobile internet, this factor expands native video advertising market size and provides a conducive environment for marketers and global brands looking to expand their consumer base.

With native video advertising market trends fostered by the growing number of smartphone users worldwide, the reach of native video advertisements likely spike, as will the number of companies willing to advertise through this medium.  The same is also likely to open up numerous native video advertising market key trends & opportunities.

The Federal Trade Commission has established some rules and regulations regarding the way native advertisements are labeled, as “sponsored” or “promoted,” which can be confusing to the layperson.  This has prompted brands to use more specific terminology, such as “sponsored advertising content” or “advertisement,” separating native advertisements from the natural flow of content.  

This factor may undermine the goal of making native video advertisements appear natural content and is expected to hamper the adoption of native video advertising to some extent. The native video advertising market is segmented by solution, by end-user, by vertical, and by region.

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Key Takeaways from the Native Video Advertising Market Report: 

  • The US is projected to account for a major native video advertising market share with a CAGR of 21.4%. 
  • By 2032, the German native video advertising market is expected to hold 26.8% of the market share, advancing at a CAGR of 19.1%. 
  • With a CAGR of 25.6% during the forecast period, India’s native video advertising market size accounts for 30.7% of the global market. 
  • China’s native video advertising market is likely to move forward with a CAGR of 27.8% from 2022 to 2032. 
  • From 2022 to 2032, the native video advertising market in Japan is anticipated to advance at a CAGR of 18.1%.     

Competitive Landscape:

To maintain their lead in this highly competitive market, key companies are increasingly focusing on adoption strategies such as expanding their native advertising services, collaboration with network operators, and acquisition.

Leading Key Players:

  • Cardlytics
  • Eskimi
  • Outbrain
  • Taboola
  • Yahoo
  • Nativo
  • TripleLife
  • RevContent
  • MGID

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Native Video Advertising Market Segmentation:

By Solution:

  • Native Ad Platform
  • Native Ad Services
  • Native Advertisement Consulting
  • Implementation & Integration
  • Support and Maintenance

By End User:

  • Ad Agencies
  • Brands/Companies
  • Publishers

By Vertical:

  • Retail & CPG
  • Healthcare
  • Banking, Financial Service & Insurance
  • Real Estate
  • Travel & Hospitality
  • Others

About Future Market Insights (FMI)

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

Contact Us:     

Future Market Insights Inc.
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For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Viral Vector Development Market Set for Explosive Growth, Reaching USD 4.1 Billion by 2033

The global viral vector development market is poised for extraordinary expansion, fueled by robust advancements in gene therapy and vaccine development. According to a recent study published by Future Market Insights, the market is projected to soar to USD 4.1 billion by 2033, with a staggering Compound Annual Growth Rate (CAGR) of 18.7%.

By the end of 2023, the market is anticipated to achieve a significant milestone, reaching USD 730.7 million. This remarkable growth trajectory underscores the increasing adoption of viral vectors in therapeutic applications.

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Key to this growth are adeno-associated viral vectors (AAV), identified as pivotal drivers within the market. AAVs are expected to dominate with a market share of approximately 37.0% by 2023. Their versatility in gene therapy and vaccine development positions them as indispensable tools in the biopharmaceutical industry.

“The exponential growth of the viral vector development market reflects the escalating demand for innovative treatments and vaccines,” stated a spokesperson from Future Market Insights. “AAVs, in particular, are revolutionizing the landscape by enabling targeted delivery and therapeutic efficacy.”

The study highlights the pivotal role played by technological advancements and strategic collaborations in accelerating market expansion. With increasing investments and research initiatives, stakeholders are poised to capitalize on emerging opportunities, driving unprecedented growth in the viral vector development sector.

Key Takeaways:

  • Gene therapy is vital to repair suppressed and malfunctioning genes in human cells or tissues and helps in returning the abnormality to a normal level. Viral vector technology is commonly utilized to cultivate the gene. Furthermore, this business has grown for many private players. For the most part, two different types of techniques are used to use viral vectors in the gene therapy-induced healing process.
  • When it comes to 2D planer technologies, scaling out of adherent cell systems is one of the common strategies that is applied until the point of market analysis. The production of suspension AAV by diverse segments will, therefore, rely increasingly on 3D suspension cell cultures or bioreactors in the upcoming period.
  • The propelling synthesis of viral vectors utilizing cell culture technology has been modified successfully in order to satisfy the demands of both early and advanced clinical trial phases. Scale-up, however, may still be constrained depending on the vector type and the cell culture production platforms chosen.
  • At present, visible progress is being made within the generation of cell lines that are able to create inducible or constitutively expressed lentiviral vectors that grow in suspension. Over the past few years, the first batch of lentiviral vectors generated by reliable producer cell lines was utilized in a clinical trial setting.
  • With extensive safety and efficiency, the data gathered from numerous clinical trials show that gene therapy is making great progress. These factors are set to promote the expansion of the global market, over the forecast period.

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Competitive Landscape:

Over recent years, the market for the production of plasmid DNA and viral vector CDMO has become extremely competitive. This has resulted in the introduction of numerous companies in these industries. The main tactic used by the leading firms to stay ahead of their rivals is the expansion of production facilities. A cost-effective strategy for the rapid expansion and capacity building for viral vector process development for the manufacturers is the acquisition of small regional companies.

Key Companies Covered:

  • Thermo Fisher Scientific Inc
  • Charles River (Cobra Biologics)
  • NOVASEP
  • uniQure N.V
  • Waisman Biomanufacturing
  • Creative Biogene
  • GenScript Biotech Corporation
  • Novartis AG
  • Merck KGaA
  • Takara Bio, Inc.
  • FUJIFILM Diosynth Biotechnologies
  • LONZA
  • Danaher Corp. (Aldevron)
  • Sirion Biotech GmbH
  • AGC Biologics

More Insights into the Viral Vector Development Market:

The North American region is anticipated to dominate the global viral vector development market over the assessment period as it accounted for a total of 33.1% in 2022. The USA is expected to continue to grow its dominance in the global market within the next decade.

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Key Market Segments Covered in Viral Vector Development Industry Research

Virus:

  • Lentiviral Vectors
  • Adenoviral Vectors
  • Adeno-Associated Viral Vectors
  • Retrovirus

Expression System:

  • Transient
  • Stable

Application:

  • Gene Therapy
  • Vaccines
  • Cancer Therapy
  • Others

End User:

  • Biotechnology Companies
  • Pharmaceutical Companies
  • Contract Research Organization (CRO)
  • Academic and Research Institutes

Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
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T: +1-845-579-5705
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Workforce Management Market is Expected to See a Growth of 9.2% CAGR from 2024 to 2034 | Future Market Insights, Inc.

The workforce management market is expected to be valued at USD 8,877.4 million in 2024. The market is expected to progress at a promising rate over the forecast period, with a CAGR of 9.2%. By 2034, the value of the market is forecasted to have inflated to USD 21,342.1 million.

Organizations are on the lookout for solutions relating to their human capital, including payroll and leave management. Workforce management solutions are thus being utilized by companies at an increasing rate. Workforce management is also being deployed to allow employees the best conditions to perform. Workforce management is being utilized to improve the diversity of workplaces and make them more inclusive, which is seeing the solution’s popularity grow.

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Large enterprises continue to adopt workforce management systems at a climbing rate. However, the market is not shut off from medium and small-scale organizations either, as workforce management’s popularity soars. Companies in the public sector are becoming a significant part of the consumer base as well.

Demand for remote workforce management is being catapulted by the increasing number of employees working remotely. The inclination of companies is towards the use of cloud computing in workforce management. Cloud-enabled workforce management systems are not only providing enhanced capabilities but also increasing the convenience of end-users

“Technology is playing a key role in the development of the market. Use of AI and machine learning is especially giving a new dimension to the market. Thus, AI and machine learning have the potential to see the market cross new frontiers” – says FMI.

Key Takeaways from the Workforce Management Market

  • The workforce management market is anticipated to be USD 8,877.4 million in value in 2024.
  • Cloud is the top deployment type in the market. For 2024, cloud is expected to account for 68.3% of the market share.
  • Large enterprises are the prominent organizations in the market. For 2024, large enterprises are anticipated to account for 61.7% of the market share by organization type.
  • Australia is a promising country for the market. The CAGR for India over the forecast period is forecasted to be 12.7%.
  • China is another country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for China is pegged at 9.7%.
  • The market is expected to register a CAGR of 4.6% in Germany over the forecast period.

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Competition Analysis of the Workforce Management Market

The workforce management market is highly competitive, with room enough to play for players of all scales. Acquisitions are common in the market as players go about increasing their share of the market. Some of the prominent companies in the market include Oracle, Kronos, AADP, and SAP.

Recent Developments in the Workforce Management Market

  • In January 2024, Easy Employer was taken over by Valsoft Corporation Inc.
  • In November 2023, Huntr and BetterPlace entered into a partnership.
  • In September 2023, the Persol Group invested in Smartstaff.
  • In June 2023, Deloitte acquired Enforce Consulting.

Leading Key Companies in the Workforce Management Market:

  • Oracle
  • Kronos
  • ADP
  • SAP
  • Ultimate Software
  • WorkForce Software
  • IBM
  • Workday
  • Ceridian
  • Verint
  • Reflexis Systems
  • ATOSS
  • NICE
  • SumTotal
  • Infor
  • Meta4
  • Ramco Systems
  • TimeClock Plus
  • Replicon
  • Mark Information

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Key Segmentation in Workforce Management Market:

By Component:

  • Solutions
    • Time and Attendance Management
    • Leave and Absence Management
    • Workforce Scheduling
    • Workforce Analytics
    • Others
  • Services
    • Consulting
    • Implementation
    • Training, Support and Maintenance

By Deployment Type:

  • On-premises
  • Cloud

By Organization Size:

  • Large Enterprises
  • Small and Mid-Sized Enterprises (SMEs)

By Vertical:

  • BFSI
  • Telecom
  • Government
  • Consumer Goods and Retail
  • Manufacturing
  • Energy and Utilities
  • Transportation and Logistics
  • Healthcare and Life Sciences
  • Information Technology enabled Services (ITeS)
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Oncology Nutrition Market Set to Expand Steadily, Reaching USD 4.87 Billion by 2033

The global oncology nutrition market is on track for substantial growth, projected to increase from USD 2.07 billion in 2023 to an estimated USD 4.87 billion by 2033. This remarkable surge is fueled by a growing focus on medical nutrition therapy tailored for cancer patients, alongside a rising demand for cutting-edge oncology nutrition solutions.

A recent market analysis highlights a robust Compound Annual Growth Rate (CAGR) of 8.9% expected throughout the forecast period. Oncology nutrition plays a pivotal role in bolstering physical resilience, aiding patients in managing cancer treatments, and ultimately enhancing overall quality of life.

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One of the key drivers propelling the growth of the oncology nutrition market is the escalating need for nutritional interventions among cancer patients, particularly those experiencing a decline in tolerance to cancer therapy. This trend is anticipated to bolster the adoption of oncology nutrition products, as businesses focus on meeting the evolving requirements of this demographic.

Additionally, the market is witnessing a notable shift towards the development of elemental formulations and innovative non-GMO-based formulas, catering to the specific dietary needs of cancer patients. Furthermore, there is a growing preference for enteral nutrition over parenteral nutrition, reflecting a broader trend towards more patient-friendly and effective nutritional delivery methods.

The increasing incidence of cancer cases, coupled with a rising number of patients receiving treatment for malnutrition, further underscores the importance of oncology nutrition in contemporary healthcare practices. Moreover, the homecare industry is experiencing a surge in demand for nutritional feeding solutions, driving the expansion of the oncology nutrition market into new segments.

As the market continues to evolve, there is a growing emphasis on improving the quality of clinical research on nutritional interventions, aiming to enhance treatment outcomes and patient satisfaction.

In summary, the oncology nutrition market is poised for significant growth, fueled by the increasing recognition of the importance of nutritional therapy in cancer care. With innovative product developments and a focus on meeting the diverse needs of cancer patients, businesses operating in this space are well-positioned to capitalize on emerging opportunities and make a meaningful impact on patient outcomes.

Key Takeaways: Oncology Nutrition Market

  • The region leads the market due to high cancer rates and advanced healthcare facilities, with the US market valued at around USD412.6 million.
  • This region is expected to see the fastest growth due to an increasing number of cancer cases and rising awareness about oncology nutrition.
  • The European market is projected to reach USD0.55 billion by 2033, driven by government initiatives, new product launches, and partnerships.
  • The US holds nearly 30% of the global market share, with demand further fueled by increasing cancer treatment spending and technological advancements.
  • China’s oncology nutrition market is expected to reach USD165 million by 2026, reflecting a strong CAGR of 11.9%.
  • Japan and Canada show promising growth rates of 7.4% and 7.1% respectively.
  • Latin America’s Expansion this region is anticipated to grow at a steady CAGR of 7.6%.
  • The Asia Pacific oncology nutrition market is expected to reach USD19.2 million, driven by growth in Australia, India, and South Korea.

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Competitive Landscape of the Oncology Nutrition Market:

The primary focus of top oncology nutrition firms globally lies in securing regulatory approvals, innovating cutting-edge products, launching new offerings, and engaging in strategic partnerships and acquisitions. These strategies are expected to drive expansion in the global oncology nutrition market. Here are some expansion tactics employed by companies in this sector:

  • Nestle bolstered its presence in medical nutrition by acquiring the Allergan business in January 2020.
  • Smartfish AS and B. Braun collaborated to introduce Remune, a medicinal nutrition solution, in September 2019. By 2020, B. Braun had successfully launched Remune in over 20 countries across Europe, Asia, and South America, with further market expansions underway.

Key Players in the Oncology Nutrition Market:

  • FMC Corporation
  • Danone India
  • Abbott
  • Aceto
  • B. Braun Melsungen AG
  • Baxter
  • Fresenius Kabi AG
  • Global Health Products, Inc.
  • Hormel Foods Corporation
  • Mead Johnson & Company, LLC
  • Meiji Holdings Co., Ltd
  • Nestlé S.A.
  • BioSig Technologies, Inc.
  • Auris Health, Inc.

Key Segments:

By Cancer Type:

  • Head & Neck Cancer
  • Stomach & Gastrointestinal Cancers
  • Blood Cancer
  • Breast Cancer
  • Lung Cancer
  • Other cancers

By End Use:

  • Hospitals & Clinics
  • Home Care
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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

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Promising Growth Projected for Global Veterinary Disinfectant for Pets and Farms Market Set to Skyrocket to USD 7.3 Billion by 2033

A recent study conducted by Future Market Insights has unveiled a promising future for the global veterinary disinfectant for pets and farms market, According to the report, the market is poised to experience a remarkable Compound Annual Growth Rate (CAGR) of 7.7%, projecting its value to reach USD 7.3 billion by 2033, up from USD 3.5 billion in 2023.

The significant growth forecasted for this market is largely driven by the widespread adoption and dominance of iodine-based disinfectants. By 2023, iodine-based disinfectants are expected to claim an impressive 52.4% share of the global market. Known for their effectiveness and reliability in maintaining a safe and hygienic environment for both pets and farm animals, iodine-based disinfectants are pivotal in propelling the market’s upward trajectory.

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“This study underscores the escalating demand for veterinary disinfectants globally, particularly those leveraging iodine-based formulations,” stated a spokesperson from Future Market Insights. “These disinfectants are crucial in ensuring optimal hygiene standards across veterinary facilities and agricultural settings, thereby driving their increasing adoption.”

The report also highlights the growing emphasis on animal welfare and hygiene practices, coupled with stringent regulatory mandates pertaining to animal health, as key factors contributing to market expansion.

Key Takeaways:

Animal disinfection products are actively being released by dominant market participants. This factor is anticipated to fuel the market expansion over the projection period. In order to prevent the widespread of diseases to both people and animals, key market players are using disinfecting veterinary equipment, the hands of the medical staff at veterinary clinics, and other surfaces.

The global expansion of the veterinary industry is attributed to the increase in pet ownership, accelerated adoption of pet insurance, pet humanization among the expanding urban populations around the world, and increased social media awareness of the need for animal welfare.

Two crucial advances within the treatment center market comprise the usage of big data in veterinary care to efficiently identify and analyze potential illnesses along with wearables to monitor pet health. Wearables give data to owners, farmers, and veterinarians about body temperature, heart rate, respiration rate, pH levels, and other vital signs.

Across various veterinary testing facilities, few tests are carried out efficiently in chemistry, pathology, endocrinology, serology, hematology, and microbiology. Two of the newest diagnostic techniques used in veterinary laboratories are DNA testing and protein tests.

The number of livestock is on a rise globally. The population of livestock and poultry witnessed a significant rise over the years preceding 2021. This trend is common specifically in developing countries like China, India, and Brazil.

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Competitive Landscape:

Attributing to significant advancements in biotech, artificial intelligence, genomics, cloud computing, and big data technology, the veterinary healthcare market in the United Kingdom has been rapidly changing in recent years. This has led to competition between major animal health companies and partnerships with cutting-edge start-ups.

Over recent years, there have been numerous mergers and acquisitions in the industry due to which the market is expected to be competitive. The powerful CEOs of prominent companies prioritize commercialization, new product launches, and strategic alliances for company growth. Furthermore, in order to develop unique products and increase revenue, many businesses invest heavily in research.

More Insights into the Veterinary Disinfectant for Pets and Farms Market:

The North American region is anticipated to dominate the global veterinary disinfectant for pets and farms market. The United States is set to account for about 23.5% of the total market share by 2023 and is expected to continue to experience the same growth throughout the forecast period.

Key Market Players:

  • Neogen Corporation,
  • GEA,
  • Lanxess AG,
  • Zoetis,
  • Kersia Group,
  • CID Lines,
  • Albert Kerbl GmbH,
  • PCC Group,
  • Laboratoires Ceetel- CMPC,
  • G Sheperd Animal Health,
  • Sanosil AG

Key Market Segments Covered in Veterinary Disinfectant for Pets and Farms Industry Research:

Product:

  • Iodine
  • Lactic Acid
  • Hydrogen Peroxide
  • Phenolic Acid
  • Peracetic Acid
  • Quaternary Compounds
  • Chlorine
  • Chlorine Dioxide
  • Chlorohexidine
  • Glut-Quat Mixes
  • Glycolic Acid
  • Others

Application:

  • Dairy Cleaning
  • Swine
  • Poultry
  • Equine
  • Dairy Ruminant
  • Aquaculture

Form:

  • Liquid
  • Powder

Region:

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

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About Future Market Insights (FMI)

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

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Global Mortuary Bags Market Projected to Reach USD 656.61 Million by 2033

The global mortuary bags market is poised to achieve a valuation of USD 656.61 million by 2033, marking a notable growth trajectory with a projected CAGR of 4.8% from 2023 to 2033. According to recent market analysis, the market, valued at USD 392.62 million in 2022, is anticipated to reach approximately USD 410.44 million by the end of 2023.

Factors driving this growth include a rising incidence of cardiovascular diseases (CVDs), an expanding geriatric population, and increased prevalence of other illnesses, all contributing to higher death rates globally. These trends underscore the essential role of mortuary bags in healthcare settings, morgues, funeral homes, and hospitals, where these non-porous bags are crucial for dignified handling and transport of deceased individuals.

Mortuary bags are specifically designed to securely contain human remains, preventing leakage of bodily fluids during transportation to pathology departments. This functionality not only ensures hygienic conditions but also facilitates efficient post-mortem procedures.

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An upsurge in fatalities due to road accidents that are caused due to underuse of helmets, adverse road conditions, substance abuse, excessive speeding, natural calamities, growing crime, and suicide rates along with increasing incidences of various diseases supplement the growth of the mortuary bags market. Again, increasing death rates due to novel viruses and infections as well as other non-communicable diseases also aid the expansion of the mortuary bags market size. Other factors like increased globalization and connectivity that leads to the rapid spread of infections also account for high death rates which, in turn, drive the mortuary bags market forward. All of these considerations, along with others, propel the mortuary bags market forward in the forecast period.

Key Takeaways:

  • Heightened use of polyethylene mortuary bags amplifies healthcare waste which has an adverse impact on the environment. Thus, growing concern for the environment may impede the growth of the mortuary bags market.
  • The mortuary bags market in the US will hold a share of 28.1% owing to high infant mortality.
  • Italy will emerge as an attractive pocket for the mortuary bags market because of high death rates caused by ischemic heart diseases.
  • By material, the polyethylene segment will dominate the market with a share of 37.4%.
  • Based on end-user, the morgue category will hold about 46.77% of the overall market share in 2023 as most human remains are kept in the mortuary until they are buried, identifies, or undergo an autopsy.

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Competitive Landscape:

Eminent market players are focusing on expanding their geographic reach, offering a wide selection of products, and increasing research and development activities for the manufacturing of innovative products. A few of these participants are also concentrating on developing affordable mortuary bags. These businesses also employ various organic and inorganic growth strategies to gain a competitive edge.

Ceabis, EIHF Isofroid, Mopec, Roftek Ltd, Flexmort, Span Surgical Co., Peerless Plastics Mortuary, and Mortech Manufacturing, among others, are some of the principal players in the mortuary bags market profiled in the full version of the report.

Recent Market Developments:

  • In 2020, Mopec, a renowned supplier of advanced pathology, anatomy, mortuary, and necropsy supplies and equipment, released the Safe View corpse bag that was produced particularly for COVID-19 crisis solution. The product’s inner translucent cover makes it possible to view the leftovers with little risk of contact to those caring for the deceased.
  • The Federal Emergency Management Agency (FEMA) provided the Rhode Island Department of Health with USD3,055,957 in December 2020 in response to the covid-19 epidemic. The funds were also utilized to buy funeral materials for the five refrigerated vans owned by the state.

Key Segments Covered in Mortuary Bag Industry Research:

By Material:

  • PVC
  • Polyethylene
  • Nylon
  • Polyester
  • Others

By End User:

  • Hospitals
  • Morgue
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Employee Engagement Market is Supposed to Rise at a CAGR of 16.2% from 2024 to 2034 | Future Market Insights, Inc.

The global employee engagement market is anticipated to reach a valuation of USD 803.0 Million in 2024, driven by corporate social responsibility initiatives. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 16.2% between 2024 and 2034, and reaching a total valuation of approximately USD 3,603.9 Million by 2034.

Employee engagement efforts are increasingly aligned with corporate social responsibility initiatives. Employees are more likely to feel engaged and fulfilled when they perceive their organization as socially responsible and contributing positively to society and the environment.

Voice of the employee programs involve soliciting feedback and insights directly from employees to understand their needs, preferences, and concerns. Organizations are leveraging employee surveys, focus groups, and sentiment analysis tools to gather actionable data and improve the employee experience.

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Companies are investing in technology enabled onboarding processes to help new employees feel welcomed, connected, and productive from day one, with the rise of remote work. Virtual orientation sessions, online training modules, and mentorship programs are key components of remote onboarding initiatives.

AI driven technologies are being integrated into employee engagement platforms to automate repetitive tasks, personalize interactions, and deliver targeted recommendations. Chatbots, virtual assistants, and predictive analytics are examples of AI powered tools that enhance employee experiences and streamline HR processes.

Continuous learning and skill development opportunities are integral to employee engagement and retention. Organizations are offering online courses, professional development workshops, and certification programs to empower employees to acquire new skills and stay competitive in their respective fields.

Employee voice platforms enable employees to share feedback, ideas, and concerns in a transparent and accessible manner. The platforms facilitate two way communication between employees and management, fostering trust, accountability, and a culture of open dialogue.

Agile methodologies and principles are being embraced by organizations to foster adaptability, innovation, and collaboration. Employee engagement efforts are aligned with agile practices, emphasizing autonomy, cross functional teams, and iterative approaches to problem solving and decision making.

Key Takeaways from the Market Study

  • Global employee engagement market was valued at USD 695.4 Million in 2023.
  • From 2019 to 2023, the market demand expanded at a CAGR of 15.4%.
  • The market in Japan is expected to expand at a CAGR of 17.4% through 2034.
  • By solution, the integrated employee engagement software segment to account for a share of 53.5% in 2024.
  • The market in Germany is expected to expand at a CAGR of 15.7% through 2034.
  • In terms of deployment, the cloud based segment to account for a market share of 48.0% in 2024.

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Competitive Landscape

Prominent players in the employee engagement market are Cisco Systems, IBM Corporation, Microsoft Corporation, Google, Bitrix24, Atlassian Corporation Plc, Xoxoday, Connecteam, Officevibe (GSoft Group Inc.), ContactMonkey Inc., Lattice, Peakon, BambooHR, Impraise, and LumApps SAS, among others.

Key Development

In 2022, Vantage Circle unveiled a partnership with a leading team collaboration software provider to enrich its employee engagement offerings. The collaborative effort aims to deliver a comprehensive platform for employee communication and collaboration, combining the strengths of both companies to provide an integrated solution for enhanced engagement and productivity.

More Valuable Insights Available

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

To understand opportunities in the employee engagement market, the market is segmented on the basis of solution (software, services, managed services), deployment (cloud-based, on premises), enterprise size (small and mid sized enterprises, large enterprises), and industry (IT and telecom, BFSI, retail, healthcare, government, manufacturing, others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

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Segmentation Analysis of the Employee Engagement Market

By Solution:

  • Software
    • Integrated Employee Engagement Platform
    • Standalone Software
      • Unified Communications Software
      • Enterprise Social Intranet Software
      • Employee Recognition and Reward Software
      • Employee Performance Management Software
      • Others
  • Services
    • Professional Services
      • Consulting Services
      • Integration and Implementation
      • Support and Maintenance
      • Training and Development
  • Managed Services

By Deployment:

  • Cloud Based
  • On Premises

By Enterprise Size:

  • Small and Mid Sized Enterprises
  • Large Enterprises

By Industry:

  • IT and Telecom
  • BFSI
  • Retail
  • Healthcare
  • Government
  • Manufacturing
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:     

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