PEG and PPG Esters Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2026

FMI

PEG and PPG Esters Market Overview

Polyethylene glycol esters are the products of a fatty acid or fatty alcohol and polyethylene glycol. Whereas, polypropylene glycol esters are the combination of propylene glycol mono and diesters of saturated and unsaturated fatty acids which are derived from fats and edible oils.

The feedstock required in the production of PEG and PPG esters include edible oils such as palm oil and sunflower oil among others. PEG and PPG esters are utilized in thickeners, resin plasticizer, pacifiers, formulation of emulsifier blends, emollients, viscosity builders, etc.

The most common feature of PEG appears to be water-solubility. It is also soluble in inorganic solvents such as aromatic hydrocarbons which makes it useful for various purposes. Various physical and chemical properties of PEG and PPG esters include non-irritating, non-ionic emulsifiers and non-toxicity. PEG and PPG esters are generally considered as non-greasy ingredients and hence reduce the greasiness in various end-use products.

Global PEG and PPG Esters Market: Dynamics

Rising demand for PEG and PPG esters from end-use industries such as personal care and cosmetics, pulp and paper is expected to push the market growth. Since these esters are derived from fatty acids and edible oil, human health risks caused by fatty esters are almost null. In addition, demand for these esters from lubricant industry is also expected to boost the market growth.

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PEG and PPG esters cannot be exposed under direct sunlight or heat and also they have less storage time (generally 1 year). Aforementioned reasons are expected to weaken the demand of esters and thus in turn restraining the growth of global PEG and PPG esters market.

Increased cost of PEG and PPG ester based lubricants is expected to hamper the growth of market. High production cost of PEG and PPG ester production for specific application may hinder the market growth. Chemically synthesized PEG and PPG esters are petroleum derivatives and hence instability in crude oil prices is expected to hinder the market growth.

Niche applications of PEG and PPG esters such as solvency, bio-diesel and thickening are expected to provide significant growth opportunities for the manufacturers in this market.

Global PEG and PPG Esters Market: Region-wise Outlook

Considering regions, Asia-Pacific is dominated by other regions in the global PEG and PPG esters market. The region appears to be one of the largest markets in terms of both production and consumption; factors which include GDP growth and availability of raw materials have augmented the production capacity in countries such as India and China.

Demand for PEG and PPG esters in personal care and cosmetic products have exceeded the demand from developed regions. In addition, demand from textile and lubricants industry is expected to drive the market in this region.

North America holds the major market share in terms of consumption of PEG and PPG esters followed by Asia-Pacific, Europe and other regions. Upsurge in demand for PEG and PPG esters is expected to fuel the market in Europe.


Global PEG and PPG Esters Market: Market Participants

Examples of some of the market participants in the PEG and PPG Esters market identified across the value chain include Ivanhoe Industries, Inc., American eChem Inc., Venus Ethoxyethers Pvt. Ltd., ZSCHIMMER & SCHWARZ INCORPORATED, Fine Organics, Hangzhou GengYang Chemical Materials Co. Ltd.,  Pacific Texchem Private Limited, INEOS Oxide among others. Manufacturers of PEG and PPG esters are continuously focusing on removing impurities from various by-products such as 1, 4-dioxane and ethylene oxide.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Feel Free to Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-2297

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

Global PEG and PPG Esters Market: Segmentation

The global PEG and PPG esters market can be segmented on the basis of end-use industry and application.

Based on end-use industry, global PEG and PPG esters market can be segmented into,

  • Metal Manufacturing
  • Pulp and Paper
  • Textile
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Paints & Coatings

Based on application, global PEG and PPG esters market can be segmented into,

  • Lubricants
  • Emulsifiers
  • Surfactants

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Nonylphenol Ethoxylates Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2026

FMI

Nonylphenol ethoxylates are group of chemicals belonging to the family of alkyl phenol ethoxylates. They are colourless or light orange coloured and in the form of waxy solid or oily liquids. Nonylphenol ethoxylates act as non-ionic surfactants and are unreactive and stable at normal temperature.

It reduces the surface tension of liquids and helps The products containing nonylphenol ethoxylates are used in various applications such as paper and pulp manufacturing, textile processing, machine degreasers, fiber scouring etc.

Dow Chemical Corporation, a leading chemicals manufacturer based in U.S. produces and distributed nonylphenol ethoxylates based surfactants by the brand name TERGITOL NP series. The nonylphenol ethoxylates in this series is in solid or liquid form depending on the temperature conditions in which it is used and its molecular weight.

Clariant, the global chemicals manufacturer based in Switzerland, manufactures and distributes nonylphenol ethoxylate by the trade name Arkopal N series. The products available in this series varies by form and are used as wetting agents in coatings and paints, adhesives, emulsifiers, dispersing agents etc.

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Nonylphenol Ethoxylates Market: Drivers and Restraints

Nonylphenol ethoxylates are used in wide range of applications such as paints and coatings, detergent product formulations, pulp and paper manufacturing etc., which is the major driver for the growth of global nonylphenol ethoxylates market.

This chemical acts as detergent, wetting agent, emulsifier and dispersing agent. They are also used in consumer products such as detergents and cosmetic products. There is a rise in consumer demand for personal care products with enhanced benefits, which is expected to drive the consumption of nonylphenol ethoxylates. In the surfactant market, the demand for synthetic surfactants is on the rise, as compared to natural surfactants.

The nonylphenol ethoxylates takes longer time for degradation as compared to other surfactants and also it is proven to be harmful to aquatic species. In many countries the use of nonyphenol ethoxlates in textile manufacturing and processing is banned due to its toxic properties. These facts are expected to hamper the growth of global nonylphenol ethoxylates market.

Nonylphenol Ethoxylates Market: Region Wise Outlook

The global nonylphenol ethoxylates market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa (MEA). APEJ holds major share in global nonyphenol ethoxylates market.

The rising industrialisation and urbanisation is expected to propel the growth of nonylphenol ethoxylates market in the region. The rising disposable income and improved lifestyle boosted the growth of industries such as detergents and soaps and personal care, which are the end-use industries for nonylphenol ethoxylates.

North America accounts for significant share in the nonylphenol ethoxylates market. The growing market of home care products in this region is anticipated to increase the consumption of nonylphenol ethoxylates. Western Europe is expected to project moderate CAGR over the forecast period due to the mature surfactant industry in the region.

Latin America and MEA regions are expected to register high CAGR over the forecast period due to the growth of end-use industries in these regions.

Nonylphenol Ethoxylates Market: Key Players

Some of the key players in the global nonylphenol ethoxylates market are as follows:

  • The Dow Chemical Company
  • KH Chemicals
  • Huntsman International LLC.
  • Stepan Company
  • Clariant
  • Dover Chemical Corporation
  • India Glycols Limited
  • PCC SE
  • Isfahan Copolymer

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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

Nonylphenol Ethoxylates Market: Segmentation

On the basis of application, the global nonylphenol ethoxylates market can be segmented as follows:-

  • Institutional and Industrial Cleaning
  • Domestic Cleaning
  • Leather and Textile Processing
  • Paper and Pulp Manufacturing
  • Cosmetic Products
  • Agrochemicals 

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Ioversol Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2026

FMI

Ioversol is a nonionic radiographic contrast agent contains iodine that absorbs x-rays. It comes under a group of drugs called radiopaque contrast agents because of its unique quality.  Ioversol allows organs, blood vessels and other non-bony tissues to be seen more clearly on a CT scan or X-ray examination.

Its uniqueness and versatility have expanded its use in ultrasound scattering and magnetic resonance imaging. Ioversol is injected into a vein or artery through an IV. Ioversol is water soluble because of which it easily blends with water and give desired results during imaging.

It is specially used in angiography and urography and for contrast enhancement in computed tomography. Ioversol as a compound is used as a raw material for contrast agents and medicines. It is a white to off-white crystalline powder with a characteristic sulfide-like Odor.

After preparation of Ioversol into a solution, it becomes clear and colorless. Ioversol is also used for the treatment, prevention, control and improvement of brain disorders, blood vessel disorders and heart disorders. Ioversol market is expected to witness an escalating demand among the consumers and clinics because of its vast usage.

Ioversol is commonly not given on dosage. It is used only once during the X-ray or CT scan. In some cases, a dosage of Ioversol is given to the patient based on the following: the condition being treated, other medical conditions patient have, other medications patient is taking, how patient respond to this drug, patient’s weight, height, age, and gender.

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Ioversol: Market Dynamics

Ioversol market is mainly driven by the increasing x-ray and imaging market. For a perfect x-ray, contrast agent’s needs to be used which absorbs x-rays and gives a better clarity of the problem. Rising accidents level, bone related challenges and diseases and kidney related problems are the primary drivers for Ioversol market.

Ioversol is used to prepare Optiray solution between 509mg to 741mg with 3.6mg tromethamine as a buffer and 0.2mg educate calcium disodium as a stabilizer. Optiray is mostly used by pregnant women’s followed by baby or child under 15 years of age. The price of Optiray solution varies from US$ 0.5 in the US to US$1 in Australia for a 125 mL bottle.

The rising prevalence of cardiovascular disorders is giving pace to x-ray industry and Ioversol market. Growth in geriatric population is another major driver for Ioversol market as geriatric demographics are more prone to orthopedic disorders than younger demographics. However, it is not safe to give Ioversol to geriatric population; should be done only if prescribed.

However, Ioversol comes along with some restraints. Ioversol might lead allergic reaction, difficulty in breathing, swelling of the face, lips, tongue, or throat. Apart from that, patients might also feel light-headed, it might slow heart rate, rapid weight gain, little or no urinating, extreme tired feeling, hoarse voice, dry skin, joint pain or stiffness, muscle pain or weakness, feeling more sensitive to cold temperatures, chest pain or pressure, pain spreading to your jaw or shoulder, nausea, sweating, sudden numbness or weakness, sudden severe headache, slurred speech, problems with vision or balance.

Most of the problems are for a small time which comes and goes. As directed by physicians, if a patient feels and of the above-mentioned problem or any other problem he/she must see a doctor immediately and needs to get medical attention.

Ioversol market has an opportunity towards the advancements in the area of CT and heart borne diseases which will give pace to the market growth of Ioversol.

Ioversol: Segment Outlook

Ioversol market can be segmented by types which include 34% to 74% injectable solutions. Most commonly used Ioversol is “Ioversol 64% Injectable Solution” which is made from 636 mg of Ioversol with 3.6 mg of tromethamine as a buffer and 0.2 mg of educating calcium disodium as a stabilizer. Ioversol market can also be segmented by use which includes X-ray (Angiography, Urography, Tomography, and Others), CT scan, Brain Disorders, Blood vessel disorders, Heart disorders and others.

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Ioversol: Regional Outlook

Regional coverage for Ultra-fine Ath market includes North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East and Africa (MEA) and Japan. Ioversol market will witnesses a high demand in APEJ because of the high investments in the region and its vast population. The market in India and China is still at growth stage which will fuel the market for next ten years in the region.

Ioversol: Market Players

The market players in Ioversol market are Liebel-Flarsheim Company LLC, Guerbet, Jiangsu Hengrui Medicine Co., Mallinckrodt Pharmaceuticals, Ultraject, China Resources Pharmaceutical (Shanghai) Co., HB Ocean and many more.

Ioversol: Market Segmentation

Ioversol market can be segmented on the basis of types, which include:

  • Ioversol 34% Injectable Solution (Optiray 160)
  • Ioversol 51% Injectable Solution (Optiray 240)
  • Ioversol 64% Injectable Solution (Optiray 300)
  • Ioversol 68% Injectable Solution (Optiray 320)
  • Ioversol 74% Injectable Solution (Optiray 350)

Ioversol market can be segmented on the basis of types of use, which include:

  • X-ray
  • Angiography
  • Urography
  • Tomography
  • Others
  • CT Scan
  • Brain disorders,
  • Blood vessel disorders
  • Heart disorders
  • Others

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Polycrystalline Silicon Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2026

FMI

Polycrystalline silicon is a high purity form of silicon also referred to as Poly-Si or polysilicon. Polycrystalline silicon is used as raw material for solar photovoltaic and electronics industry. For solar photovoltaic and semiconductor manufacturing, polysilicon of purity 9N (99.9999999%) and 11N (99.999999999%) respectively are required.

The polycrystalline silicon is manufactured by any of the three process namely Czochralski process/ Siemens process, Float Zone Method and Bridgman–Stockbarger technique. The process starts with quartz and carbon heated in an arc furnace producing metallurgical grade silicon which is then processed further producing semiconductor grade and solar PV grade polycrystalline silicon.

It has been observed that the market is oversupplied by the top players of the polycrystalline silicon manufacturers such as Mitsubishi Polycrystalline Silicon America Corporation, Mitsubishi Polycrystalline Silicon America Corp., GCL-Poly Energy Holdings Limited etc. which has led to the sharp spot price drop of polycrystalline silicon. The global polycrystalline silicon market is expected to grow significantly at a high CAGR during the forecast period.

Global Polycrystalline Silicon Market: Drivers and Restraints

Polycrystalline silicon is an important raw material for both solar PV and semiconductor industries. Also, no other substitutes can accomplish the properties benefits and high purity needs as polycrystalline silicon. Thus, demand for polycrystalline silicon will be there with fluctuations in the price rate depending on the supply and demand cycle.

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The microelectronic and solar PV are the two main end-use sectors driving the global polycrystalline silicon market. The increasing demand for solar panels since they are the cheap source of green electricity propels the global polycrystalline silicon market. Also, government policies for reduction on carbon footprints and adoption of solar panels aid in the increasing consumption of polycrystalline silicon.

However, technological challenges in the manufacture of polycrystalline silicon might restrain the global polycrystalline silicon market.

Global Polycrystalline Silicon Market: Region Wise Outlook

The global polycrystalline silicon market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In terms of production and consumption, Asia Pacific holds a majority of the share in the global polycrystalline silicon market.

China is prominent in manufacturing solar modules which consume around more than 50% of polycrystalline silicon. Also, higher import duties on North American manufacturers of polycrystalline silicon has led to benefit Asia Pacific manufacturers especially South Korea and China.

The polycrystalline silicon market in Western Europe is expected to expand relatively at a slower pace due to the economic conditions. Latin America followed by MEA are expected to share gain relative high market share during the forecast period.

Global Polycrystalline Silicon Market: Key Players

Some of the key players identified in the global polycrystalline silicon market includes:

  • Hemlock Semiconductor Group
  • GCL-Poly Energy Holdings Limited
  • M.SETEK Co.Ltd.
  • LDK Solar Co. Ltd.
  • Tokuyama Corporation
  • SunEdison Inc.
  • REC Silicon ASA
  • Daqo New Energy Corp
  • Wacker Chemie AG
  • OCI Company Limited

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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

Global Polycrystalline Silicon Market: Segmentation

On the basis of polycrystalline silicon purity, polycrystalline silicon market is segmented into:-

  • 4N
  • 6N
  • 9N
  • 11N

On the basis of polycrystalline silicon form, polycrystalline silicon market is segmented into:-

  • Granules
  • Rods
  • Chunk

On the basis of end use, polycrystalline silicon market is segmented into:-

  • Semiconductor
  • Solar Photovoltaic (PV)

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Maleic Anhydride Market by Global Demand, Trends, Applications, Sales, Industry Size and Forecast to 2026

FMI

Maleic Anhydride Market Overview

Change in preference towards lighter, strongerand fiberglass composite materials in automotive, aerospace, turbine, and construction industries among others has increased rapidly in past five years. This in turn, has positively impacted the demand for unsaturated polyester resins (which are used to make aforementioned composite materials). Maleic anhydride is used as a one of the feedstock in the manufacturing of unsaturated polyester resins.

Maleic anhydride is an acid anhydride of maleic acid, colorless to white organic compound and versatile chemical intermediate which is used to produce 1,4-butanediol, tetrahydrofuran (THF) and gamma-butyrolactone (GBL). It is primarily produced from feed stocks such as n-butane and benzene of which production from n-butane holds significant share.

This is mainly attributed to low production cost and environment friendly nature of n-butane as compared to benzene. As benzene is toxic in nature and constitute high production cost. It can be used in the manufacture of alkyd resins, which is used for paint and coatings production. It is a vital component of gelling agents, food preservatives and flavor enhancers by converting maleic anhydride into maleic acid and fumeric acid. Moreover, it is also used to make elastane fibers; which are used in the production of spandex, paper sizing, hair sprays, hardeners for epoxy curing and water treatment chemicals.

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Global Maleic Anhydride Market: Market Dynamics

Rising disposable income coupled with increasing penetration of spandex in compression stockings, sportswear and medical textiles among others has resulted into surge in demand for 1,4-butanediol. Hence, it is expected to increase the demand for maleic anhydride over the forecast period.  The escalating growth in construction industry in BRIC and other developing countries is expected to drive the growth of the unsaturated polyester resins over the forecast period.

This is mainly attributed to use of unsaturated polyester resins in heat resistant pipes and tanks. Thus, this is expected to increase the demand for maleic anhydride over the forecast period. Moreover, use of maleic anhydride with bio-based feed stocks polymers is projected to fuel the growth of the maleic anhydride market during forecast period.

However, maleic anhydride is primarily produced from butane as a feedstock. Thus, rising concerns pertaining to depletion of crude oil is expected to challenge the growth of the maleic anhydride market over the forecast period.  In addition to this, use of bio based succinic acid as an alternative to maleic anhydride can be the challenging factor for the growth of the maleic anhydride market over the forecast period.

Global Maleic Anhydride Market: Regional Outlook

North America and Western Europe have witnessed moderate growth in global maleic anhydride market and it is expected to witness the same growth over the forecast period. This is mainly attributed to environmental concerns pertaining to greenhouse gases emission resulted into slowdown of the production of alkyd resins and 1,4-butandiol among others.

However, growth in the construction industry in developing countries is expected to increase the production of alkyd resins and 1,4-butandiol which in turn is expected to surge in demand for maleic anhydride over the forecast period. Thus, Asia Pacific excluding Japan, Latin America and Middle East and Africa are expected to witness significant growth over the forecast period. Furthermore, Asia Pacific excluding Japan (APEJ) region holds the largest value share in global maleic anhydride market.

Global Maleic Anhydride Market Participants

Some of the major players identified in the global maleic anhydride market are as follows:

  • Huntsman International LLC
  • LANXESS A.G.
  • Flint Hills Resources
  • Bartek Ingredients Inc.
  • Polynt S.p.A
  • Zhejiang Jiangshan Chemical Co., Ltd.
  • MOL Hungarian Oil & Gas Plc
  • Nippon Shokubai Co., Ltd.
  • Changzhou Yabang Chemical Co.,Ltd.
  • Thirumalai Chemicals Ltd.
  • China National Bluestar (Group) Co,Ltd.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.

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

Global Maleic Anhydride Market: Segmentation

On the basis of application, global maleic anhydride market is segmented as below:

  • Unsaturated polyester resins
  • 1,4-butanediol
  • Additives
  • Co-polymers
  • Others

On the basis of end-use industries, global maleic anhydride market is segmented as below:

  • Construction
  • Automotive
  • Textile
  • Food & Beverage
  • Pharmaceutical
  • Others manufacturing

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Insurtech Market is forecasted to reach a net worth of US$ 165.4 Bn in 2032

The insurtech market is forecasted to reach a net worth of US$ 165.4 Bn in 2032 from a mere market value of US$ 12.5 Bn in 2021. It is predicted to with an impressive CAGR of 25.9% during the forecast period.

The growth of general awareness among common people about the benefits of insurance policies has created a huge demand for general insurance policies provided by several companies across the globe. Insurance companies have also increased their market presence by the application of digital insurtech or insurance technology infrastructure with the changing economic scenario.

Over the years of service and development of commercial insurance, insurtech companies have intensified in terms of offering customized policies to the customers. Adoption of such technology for collecting and analyzing customer data for insurtech life insurance companies has further boosted the business attraction of the global insurtech market.

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“Rapid digitization of all major service sectors of economy has also shifted the business model of insurance providing companies across the globe. Addition of professional and consulting services to the potential customers over online platforms have necessitated the integration of insurance technology solutions further propelling the growth of global insurtech market.”

According to the market survey report of the EIS group for Insurance companies, almost 59% of the companies were found to have increased their spending on establishing digital infrastructure. This includes a record proliferation of P&C insurtech companies in the global market.

Key Takeaways

• As per the market analysis report, the absolute growth of the global insurtech market size in terms of value is predicted to be around US$ 148.8 Bn over the forecast years 2022 to 2032.

• As the concept of insurtech insurance companies is expanding to new areas of service, the solution segment is growing at a faster rate than the service segment. The CAGR predicted for the solution segment is nearly 25.8% for the coming decade.

• On the basis of various technologies adopted by life insurance tech companies, cloud computing has emerged to be the most attractive segment in the present market. The estimated growth of this segment over the forecast years is nearly 25.2%.

• US market holds the dominant position in the global market for having the highest amount of insurtech capital, valued at about US$ 6 Bn in the year 2022. It is also the top-performing country with a CAGR of 25.6% that is predicted to reach the net worth of the regional insurtech market up to US$ 58.6 Bn by the end of this forecast period.

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Competitive Landscape

The major players operating in the global insurtech market include Damco Group, DXC Technology Company, Majesco, Oscar Insurance, Quantemplate, Shift Technology, Trov Insurance Solutions, LLC, Wipro Limited, and Zhongan Insurance, among others.

• One of the top insurance companies in the USA named, Universal Fire & Casualty Insurance Company, announced to accept cryptocurrency payments for premiums, starting a new business model for home insurance insurtech companies in the US market. Integration of such advanced digital facilities and blockchain technologies is expected to further boost the global insurtech market.

• An automobile insurance company named Metromile also announced in December 2021 to accept cryptocurrency from its customers to pay their premiums and claim payments. This new development is anticipated to give way to some new opportunities in the domain of insurtech car insurance services in the coming days.

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Enterprise Mobility Market is forecasted to reach a net worth of US$ 3.8 Tn in 2032

According to Future Market Insights (FMI), the enterprise mobility market is forecasted to reach a net worth of US$ 3.8 Tn in 2032 from US$ 415 Bn in 2021. It is estimated to register a robust CAGR of 22.3% over the forecast years. 

Greater demand for a highly secure environment for corporate data management and protection has shifted the focus of the IT systems from the traditional software applications to more secured MDM enterprise solutions. Growth in the use of smartphones by customers for establishing direct communication channels with the service providers has also introduced the Android business device management solutions for augmenting the enterprise mobility and management market.

Increasing Cases of data breaches and online frauds in the recent past have been observed to incur a heavy loss to genuine business entities necessitating a more robust infrastructure on the data management front. This situation has created a huge opportunity for growth for the best MDM for small business units as well in the present market.

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Rapid development in the information technology (IT) sector around the world has created a huge market for enterprise mobility through the presence of many enterprise mobility application providers in the global market. Google enterprise mobility management solutions are featured to be the most popular products in the present global enterprise mobility market.

Key Takeaways 

  • As per the market survey report, the global enterprise mobility market size is estimated to be around US$ 510 Bn in 2022. At the current market price, the absolute growth in terms of revenue is predicted to be around US$ 3.3 Tn through the forecast years until 2032.
  • Among the various components deployed for the enterprise mobility suite, devices are analyzed to be the dominating segment of the global market. This segment is expected to grow at a rate of 21.5%, reaching a valuation of US$ 1.5 Tn by the end of the forecasted period.
  • By the software type, mobile device management systems are the top-performing segment with a predicted CAGR of 23.1% for the forecasted years. With the growth in adoption of Android business device management, this segment is anticipated to be valued at US$ 625.7 Bn in 2032, growing up from US$ 63 Bn in 2021.
  • The US is the leading market for enterprise mobility and management services, acquiring nearly 19% of the global market alone. It is expected to reach a net worth of US$ 725 Bn in 2032 by witnessing a growth rate of 21.3%.
  • Brazil is the top-performing regional market for enterprise mobile application providers, with an estimated worth of US$ 24.8 Bn in 2021. The CAGR of 23.9% is the highest among all countries that are anticipated to take the enterprise mobility market value of Brazil up to US$ 262.4 Bn by the end of the year 2032.

Competitive Landscape 

The major players operating in the global enterprise mobility market are Avaya Inc., Alcatel-Lucent S.A., Airwatch, LLC, Aruba Networks Inc, Cisco Systems, Citric Systems, Inc., Meru Networks, Good Technology, Inc., iPass, Inc., Hewlett-Packard Development Company Ltd., IBM Corporation, AT&T, Inc., Blackberry, Ltd., Cerner Corporation, Nokia Corporation, Panasonic Corporation, SAP SE, International Business System, Verizon Enterprise Solutions, Enterprise Mobile, Inc., and Globo PLC.

  • Vodafone Idea Business Service (VIBS) launched its Secure Device Manager (VSDM) powered by IBM Security MaaS360 in December 2019. This collaboration is expected to provide Vodafone an edge over its competitors in the domain of MDM enterprise solutions by offering AI insights and contextual analytics.
  • Symantec Corporation enhanced the SEP mobile in January 2019 by integrating several security systems such as CASB, WSS, and others. Such integrations have raised the value of enterprise mobility pricing resulting in higher market penetration for the company.

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Key Segments

  • By Component
    • Solution
    • Service
  • By Deployment
    • On Premise
    • Cloud
  • By Enterprise Size
    • Large
    • Small and Medium
  • By Device Type
    • Laptop
    • Tablet
    • Smartphones
  • By Industry Vertical
    • Healthcare
    • Energy and Utilities
    • BFSI
    • Retail
    • Government and Public Sector
    • IT and Telecom
    • Education
    • Others
  • By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa

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Network Encryption Market Report, Forecast to 2032

According to the network encryption market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a healthy CAGR of 7.5% from 2022-2032. 

The report also forecasts that the market will surpass a valuation of ~US$ 4.0 Bn by the end of 2022. As per FMI, rapid technological advancements and introduction of artificial intelligence, machine learning, network security and cyber security have created prospects for network encryptions. These technologies have become essential in improving economic competitiveness, thereby propelling the market growth. 

As more IoT products enter the market, new security and policies will likely be established to prevent cyber assaults and the theft of personal information. IoT products are sophisticated, hence it will be critical to manage the risks that come with them. On the back of these factors, the network encryption market is anticipated to grow at a significant rate. 

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Key Takeaways  

  • By solution, network encryption platforms segment is anticipated to account for the leading share 46.4% in the global demand for network encryption during the forecast period. 
  • By enterprise size, the adoption of network encryptions in small enterprises is anticipated to increase at a CAGR of 8.9% between 2022 & 2032. 
  • By industry, the adoption of network encryptions in healthcare is anticipated to increase at a CAGR of 11.7% between 2022 & 2032, while BFSI segment is currently dominating the market share. 
  • North America is expected to lead the market followed by Europe in 2021.  
  • South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032. 

Adoption of Network Encryption for Protection of Intellectual Property 

The safety of consumers’ personal information is a primary motivator for deploying encryption. According to a study, around 60% of respondents are using encryption to protect customers’ personal information, 50% are protecting information against particular, identifiable risks, and 49% using it for protecting company’s intellectual property.  

Consumer data encryption is one of the most basic needs for all of these standards, and it applies to both in-transit and at-rest data. While the company has complete control over encryption methods, technology, and vendors, non-compliance can result in hefty penalties, particularly in the event of data breaches. Hence, adoption of network encryption for protection of intellectual property driving the global market. 

Blockchain to Become A Mainstream Technology for Encryption 

Blockchain has shown to be an excellent platform for safe and decentralized information exchange during the last five years. To begin with, blockchain automates the data storage process, making data breaches caused by human error obsolete. As data is encrypted, decentralized, and with multiple nodes on the network, blockchain networks are close to impossible to hack. 

Banks, governments, healthcare systems, and other large institutions dealing with enormous amounts of sensitive data are all experimenting with blockchain technology for cybersecurity. For most businesses, however, blockchain is difficult and expensive to execute.     

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Network Encryption Outlook By Category

By Solution:

  • Network Encryption Platforms
  • Network Encryption Devices
  • Services

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Government & Defense
  • BFSI
  • Telecom & IT
  • Media & Entertainment
  • Healthcare
  • Retail & E-commerce
  • Others

By Region:

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

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DNS Security Market Industry Analysis and Forecast | 2022-2032

According to Future Market Insights (FMI), the demand registered in DNS security market will increase at a noteworthy CAGR of around 8.2% from 2022-2032. The report states that the market is expected to reach a valuation of ~US$ 1,300.4 Mn by end of 2022. As per Future Market Insights, the growing need for protecting enterprise networks from critical cyber-attacks to drive the growth of the DNS security market in the coming years.

Cloud-based DNS security software helps businesses to improve network efficiency with minimum costs. Also, it provides global performance and scalability with strong network security against cyber-attack including malware, phishing attacks, advanced persistent threats, DDoS attacks and others.

Cloud-based DNS security software can enable the firms to easily configure with DNSSEC (Domain Name Systems Security Extensions), which provides a digital method of DNS record verification and helps to protect against DNS-based security threats. Get a Sample Copy of Report:

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Key Takeaways: DNS Security Market

  • By deployment mode, the cloud-based DNS security software market is growing dominantly with a CAGR of around 9.8% between 2022 & 2032.
  • By enterprise size, demand for DNS security software from small & medium enterprises (SMEs) is estimated to be growing at a higher rate than large enterprises.
  • By industry, BFSI industry is showing the highest growth with a dominant market share by 2032. However, the healthcare industry is projected to showcase a significant growth of around 10.9% between 2022 & 2032.
  • Based on region, North America DNS security market in 2021 was holding the highest market share of around 29.9%, whereas South Asia & Pacific region is estimated to grow at a CAGR of around 10.8% in the forecast period.

DNS Security to Help Organizations Secure Remote Workforce

For business continuity reasons, several organizations have adopted the work-from-home culture. Numerous employees are working from home and using laptops and personal devices to access organizations’ network that contain the company’s sensitive and important data.

This has created a need to protect enterprise networks against firewall intrusions and leak of critical business data. DNS security allows productivity network operations such as file or data sharing, emailing, and web browsing to be performed with protecting the company’s networks from DNS cyber-attacks and threats. Also, it provides real-time protection against all types of DNS attacks and cyber-attacks, including DDoS attacks. Hence, to protect networks while remote working, there is a need for high adoption of DNS security solutions.

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More Valuable Insights on DNS Security Market (segment-wise)

Future Market Insight’s report on the DNS security industry research is segmented into five major sections – Deployment Mode (on-premise DNS security software, cloud-based DNS security software), Enterprise Size (large enterprises and Small and Mid-sized Enterprises (SMEs)), Industry (IT & Telecom, Retail, Government, Healthcare, BFSI, Manufacturing and Others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the DNS security demand outlook.

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WiFi as a Service Market is expected to escalate at a CAGR of 18.2% by 2032

The WiFi as a Service Market is expected to escalate at a CAGR of 18.2% from USD 4.9 billion in 2022 to USD 26.0 billion through 2032.

In the wake of the COVID-19 outbreak, the WaaS has been expanding globally. In most nations, it has become more and more popular to work from home since the global shutdown, which has resulted in an increase in demand for high-speed wireless fidelity services. Increased demand has fuelled the growth of the wireless fidelity market and contributed greatly to the growth of the industry’s revenue.

The major IT companies also develop and offer advanced applications and services, such as Cisco Systems Inc., Aruba Networks, and Juniper Networks Inc. The Portable Branch Kit, for instance, is an Extreme Networks solution introduced in March 2020. A quick and secure connection can be established to temporary remote office sites through the solution. COVID-19 is a pandemic that is affecting the entire world, and the company is focused on helping its client base around the globe.

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KEY TAKEAWAYS:

  • The WiFi as a Service Market is predicted to develop at a CAGR of 17.9% in the wireless local area network (WLAN) controller’s section of the solution
  • The CAGR for the outdoor segment of the location type category in WiFi as a Service Market is anticipated to be 18.0% through 2032.
  • In the United States, the WiFi as a Service Market is estimated to reach US$ 9.1 billion by 2032, rising at a CAGR of 18.1% throughout the forecast period.
  • By 2032, the WiFi as a Service Market in the United Kingdom is expected to be valued US$ 1.1 billion, with a CAGR of 17.3% through 2032.
  • With a CAGR of 17.5% throughout the forecast period, China is expected to reach a market size of US$ 1.9 billion in WiFi as a Service Market by 2032.
  • By 2032, the WiFi as a Service Market in Japan is estimated to be worth US$ 1.5 billion, growing at an annual rate of 16.4% through 2032.
  • With a CAGR of 15.9% throughout the forecast period, South Korea is predicted to reach a market size of US$ 934.3 million in WiFi as a Service Market by 2032.

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COMPETITIVE LANDSCAPE:

Key companies profiled in the WiFi as a Service Market include Juniper Networks Inc., Cisco System Inc., HPE (Aruba), Extreme Networks, Huawei Technologies Co Ltd, Fortinet, Ruckus Networks, Arista Networks, D-Link Corporation, TP-Link, and others.

Companies are acquiring companies to strengthen their positions in light of the increasing competition in the market.  In May 2021, Aruba launched its wireless fidelity 6E access point solution. WiFi in the 6 GHz band will support up to seven 160 MHz channels and will offer an aggregate data rate of 3.9 Gbps to users.

WiFi networks are becoming increasingly popular among end-user businesses across the globe due to their cost-effectiveness, flexibility, scalability, and automation.

Thus, organizations are adopting Software as a Service (SaaS) based wireless fidelity models, which enable them to take advantage of continuous Internet access despite limited budgets and resources.

A surge in the demand for WaaS services has resulted from the increasing adoption of public and private SaaS models. SaaS services are being used by organizations to safeguard and transmit data in a secure manner using WiFi. A number of SaaS model projects are being developed by leading players on the market.

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

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