Market Research Blog – Page 3070 – New Product Development

Disposable Respirators Market Value Surges to US$ 4.2 billion by 2033

The disposable respirators market is poised for substantial growth, with projections indicating a valuation of US$ 2.7 billion by 2023. Over the period from 2018 to 2022, the market witnessed a remarkable surge in sales, achieving a notable compound annual growth rate (CAGR) of 5.4%. Looking ahead, the market is anticipated to continue its upward trajectory, reaching a significant market size of US$ 4.2 billion by the end of 2033, driven by a steady CAGR of 4.4% throughout the assessment period spanning from 2023 to 2033.

The N-series type segment is expected to be a key contributor to the growth of the disposable respirators industry, displaying a robust CAGR of 4.2% from 2023 to 2033. This segment caters to diverse needs, offering effective protection against airborne particles, dust, contaminants, and microorganisms.

Disposable respirators, also referred to as disposable face masks, play a crucial role in safeguarding individuals from various airborne hazards prevalent in different work environments. Crafted from multiple layers of non-woven fabric, these respirators often feature additional components such as nose clips, adjustable straps, and respirator valves, enhancing their functionality and comfort. They find extensive application across a spectrum of industries including medical, construction, mining, manufacturing, and more, where workers encounter risks associated with exposure to harmful airborne particles and contaminants.

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Trends

Stringent safety regulations imposed by governments and regulatory bodies globally are compelling industries to prioritize the safety of their workforce by mandating the use of personal protective equipment (PPE), including disposable respirators. This heightened focus on safety standards has fueled substantial demand for disposable respirators, especially in sectors characterized by hazardous work conditions such as construction, manufacturing, and healthcare.

In response to the growing demand, manufacturers within the disposable respirator market are continuously innovating to enhance the comfort, fit, and overall performance of their products. These technological advancements have garnered enthusiastic reception from users seeking improved protection and comfort during prolonged use.

One of the key trends driving innovation in the disposable respirator market is the integration of advanced features and materials aimed at enhancing user experience. Manufacturers are incorporating cutting-edge filter materials, optimizing ventilation systems, and implementing adjustable straps and ergonomic designs to improve usability and wearer satisfaction.

Furthermore, these innovative enhancements not only elevate the performance of disposable respirators but also contribute to cost reduction and increased convenience for users. As a result, the market is witnessing a surge in adoption as industries recognize the value proposition offered by these advanced respiratory protection solutions.

Key Companies

3M
Alpha Solway Ltd
Avantor Inc.
Bunzl plc
Drägerwerk AG & Co.
KGaA

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Market Segmentation

Type:

N-Series
P-Series
R-Series

End-Use Industry:

Transportation
Energy
Manufacturing
Construction
Healthcare
Others

Composite Resin Market Poised for Steady Growth at 6.7% CAGR by 2034

The composite resin market is expected to reach a valuation of US$ 25.1 billion in 2024. The industry is projected to be worth US$ 48 billion by 2034, expanding at a CAGR of 6.7% between 2024 and 2034. The market is expanding significantly, propelled by its extensive application in key dental, automotive, and construction sectors. These composite materials, crafted from polymers and filler particles, exhibit a remarkable blend of attributes, including durability, aesthetic appeal, and resistance to diverse environmental factors.

In dentistry, composite resins have emerged as the preferred choice for tooth-colored fillings owing to their natural appearance and strong adhesive properties. The automotive industry leverages these materials to enhance lightweight and fuel efficiency, emphasizing their role in advancing sustainability initiatives. Additionally, composite resins are crucial in the construction sector, contributing to structural integrity and offering design flexibility.

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The market expansion is further fueled by ongoing research and development endeavors to refine material properties and uncover novel applications. This commitment to innovation underscores composite resin technologies adaptability and continuous evolution to meet the ever-changing demands of diverse industries. As industries increasingly prioritize sustainability, the adoption of composite resins gains momentum due to their eco-friendly characteristics. This shift towards sustainable practices aligns with global initiatives, contributing to the ongoing growth trajectory of the market.

Key Takeaways from the Market Study:

Based on the manufacturing process, the layup type is projected to expand at 6.3% CAGR by 2034.
The United States is estimated to register at a CAGR of 7% by 2034.
The United Kingdom experiences significant growth, projected at a CAGR of 8% by 2034.
Based on resin type, thermoset resin is anticipated to expand at a CAGR of 6.5% by 2034.

“The composite resin market experiences a surge as these industries prioritize composite resins for their adaptability and performance, fueling sustained growth in the market” – says FMI analyst.

Competitive Landscape:

The competitive landscape of the composite resin market is characterized by intense rivalry among key players striving for market dominance. Major companies employ strategic initiatives such as mergers, acquisitions, and partnerships to solidify their market positions.

Continuous innovation in product development and a focus on sustainability drive competition, fostering a dynamic environment. The market is marked by a mix of established industry leaders and emerging players, contributing to ongoing advancements and growth in the composite resin sector.

Some key market developments are as follows:

In March 2020, Ube Industries Ltd. revealed its acquisition of Premium Composite Technology North America Inc. (PCTNA). This acquisition underscores UBE’s commitment to global growth and diversification, reinforcing its presence in key regions and enhancing its offerings to the automotive industry.
In May 2020, Huntsman International LLC completed the acquisition of CVC Thermoset Specialties (CTS), a company specializing in industrial composites, adhesives, and coatings markets. This strategic acquisition enhances Huntsman’s position in these key sectors, broadening its portfolio and strengthening its capabilities in serving the evolving needs of the industrial market.

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Key Companies Profiled

Sumitomo Bakelite Co Ltd
Dow
DSM
Hexion Inc
Scott Bader Company Ltd
Huntsman International LLC
Celanese Corporation
Evonik Industries AG
Allnex GmbH
SABIC

Key Segments of Composite Resin Industry Survey:

By Resin Type:

Thermoset Resin
Thermoplastic Resin

By Manufacturing Process:

Layup
Filament Winding
Injection Molding
Pultrusion
Compression Molding
Resin Transfer Molding

By Application:

Marine
Aerospace and Defense
Construction and Infrastructure
Automotive and Transportation
Electricals and Electronics
Pipes and Tanks
Wind Energy

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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AI in IoT Market on the Brink of Explosive Growth: Projected CAGR of 6.4% and US$ 153.1 Billion by 2033

The AI in IoT market is predicted to grow steadily at a rate of 6.4% over the coming years. By 2033, it’s expected to reach a value of approximately US$ 153.1 billion.

As more and more transportation and connected devices need to keep track of their assets and performance, there’s a growing need for special services to help with this. Also, the companies that provide mobile network services around the world are helping to make everything more connected.

The cool thing is that as artificial intelligence gets better and we have easy access to the internet everywhere, the use of smart devices is increasing. This means we can do things more efficiently than ever before, and that could make IoT products even more valuable in the next ten years.

Artificial Intelligence has shown that it can be really helpful in gathering a lot of information. It gives us the tools to make decisions quickly in things like smart devices. But to make these devices work even better, we might need to spend money on new technology.

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As the Internet of Things (IoT) market expands, the focus is shifting towards handling the data produced by IoT devices. This data helps us gather valuable information and allows for real-time monitoring to improve customer experiences. With faster delivery and minimal delays, plus the ability to track products in real-time, it’s expected that the IoT market will grow significantly in the near future

In the world of retail, cloud AI (Artificial Intelligence) is primarily used to make customers’ experiences better and to develop products that connect to the Internet of Things (IoT) and are customer-centric. There are now newer versions of established companies providing software that covers all aspects of the business. This has happened because the competition in the industrial IoT sector has become fierce, and the market has grown and evolved.

key takeaways from AI in IoT Market Report:

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

Competitive Landscape:

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

Recent Market Developments:

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

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AI in IoT Market Segmentation:

By Components:

Platform
Software Solutions
Services
- Professional Services
- Managed Services

By Technologies:

ML and Deep Learning
NLP

By Verticals:

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

By Regions:

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

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:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Application Virtualization Market Predicted to Achieve Remarkable Growth with a 12.9% CAGR, Eyeing US$ 14,365.1 Million by 2033

The application virtualization market is expected to experience remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 12.9% from 2023 to 2033. This growth is anticipated to result in a market value of approximately US$ 14,365.1 million by 2033.

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

Application virtualization has become essential nowadays for a range of companies to support remote offices and reduce the expenses for transforming business models. For example, a virtualization firm named Cameyo witnessed a two-fold increase in income since businesses began implementing work-from-home rules. So, the demand for application virtualization for private cloud models could be driven by the strengthening of data security laws with centralized storage infrastructure.

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The global application virtualization market is primarily led by the North American region, owing to the strong presence of prominent IT companies in the area. Furthermore, the expansion of small and medium-sized enterprises (SMEs) in the United States and Canada has significantly contributed to the market’s rapid growth.

Key Takeaways from the Application Virtualization Market Report:

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

Leading Key Players:

Microsoft
Symantec Corporation
VMware
Citrix Systems
Red Hat
Oracle
Google
Dell
Micro Focus
Parallels International
Systancia
Accops
NComputing
Sangfor Technologies
NextAxiom Technology

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Application Virtualization Market Segmentation:

By Component:

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

By Deployment Type:

Public Cloud
Private Cloud
Hybrid Cloud

By Organization Size:

Large Enterprises
Small and Medium Enterprises (SMEs)

By End-user Verticals:

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

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:

Nandini Singh Sawlani

Next-Gen Firewall Market Evolution: Predicted 9.1% CAGR Sets Sights on US$ 8.5 Billion by 2033

The next-gen firewall market is projected to grow to approximately US$ 8.5 billion, with an annual growth rate of 9.1% from 2023 to 2033.

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

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

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The physical NGFW appliance segment in the global next-gen firewall market is estimated to have a dominating market share of 66.7% in 2022. Regionally, North America is currently dominating the global market owing to the high adoption of network security solutions among enterprises.

The adoption of security solutions for the next generation helps to improve the company’s product and operational efficiencies. Next-generation endpoint security uses machine learning, artificial intelligence (AI), and tighter integration of networks to offer more comprehensive and adaptive protection.

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

Key Takeaways from the Next-Gen Firewall Market Report:

Among the enterprise size, the SME segment is estimated to grow by 3.0X during the forecast period.
North American region is expected to dominate the next-gen firewall market followed by Europe in 2022.
South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
In India, the next-gen firewall market is expected to grow by 4.4x during the forecast period.

Competitive Landscape:

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

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

Leading Key Players:

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

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Next-Gen Firewall Market Segmentation:

By Type:

Physical NGFW Appliance
Virtual NGFW Appliance

By Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Industry:

IT & Telecom
BFSI
Healthcare
Manufacturing
Retail
Government
Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:

Nandini Singh Sawlani

Fiber Optic Connectivity Market Poised for Remarkable Growth, Projected to Reach US$ 7.7 Billion by 2033 with 9.5% CAGR

The fiber optic connectivity market is expected to grow significantly, reaching a value of US$ 7.7 billion by the year 2033. This market is experiencing steady growth at a rate of approximately 9.5% per year during the forecast period.

The market is also predicted to expand throughout the forecast period as a result of the increased global demand for energy-efficient solutions across numerous sectors. The expansion of the market is also impacted by the demand for fibre optic technology across a variety of industrial sectors, as well as in the submarine and aircraft industries.

Additionally, because data transit is so inexpensive, it is anticipated that the market for fibre optic communication would grow. In addition, it is anticipated that several new opportunities brought about by advancements in communication technology will accelerate the expansion of the market for fibre optic connectivity during the course of the anticipated period. Longer distance transmission with lower security risk is a crucial factor that is projected to promote the growth of the Fiber Optic Connectivity market.

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The global fiber optic connectivity market is booming thanks to several key factors. These include:

Explosive Demand for High-Speed Data Transfer: In an era where data has become the lifeblood of industries, the relentless demand for high-speed data transfer solutions has propelled the fiber optic connectivity market to new heights. The ability to transmit colossal volumes of data at lightning-fast speeds has rendered fiber optics indispensable in sectors ranging from telecommunications to healthcare and beyond.
Unparalleled Bandwidth and Reliability: Fiber optic networks offer unmatched bandwidth capabilities and reliability, surpassing traditional copper-based alternatives. This superiority in performance has made them the preferred choice for businesses and governments alike, seeking to meet the surging demands of a digitally-driven world.
5G Proliferation: The deployment of 5G networks worldwide has sparked an unprecedented need for robust and high-capacity connectivity infrastructure. Fiber optics are at the forefront of enabling the 5G revolution, delivering the low latency and high bandwidth essential for supporting the next generation of wireless communication.
Rising Cloud Adoption: As cloud computing continues its ascent, the requirement for secure, low-latency data transmission has never been greater. Fiber optic connectivity ensures seamless cloud integration, allowing enterprises to harness the full potential of cloud-based services and applications.

While there’s exciting growth happening, we need to address some important challenges:

High Initial Installation Costs: The implementation of fiber optic networks requires substantial initial investments in infrastructure and equipment. While the long-term benefits are indisputable, these upfront costs can pose a barrier for smaller enterprises and regions with limited financial resources.
Complex Installation and Maintenance: Fiber optic networks demand specialized skills for installation and maintenance, which can lead to operational complexities and increased costs. Ensuring a skilled workforce is readily available is crucial for sustained growth.
Competition from Alternative Technologies: While fiber optics stand out as a dominant force, they face competition from emerging technologies such as 5G wireless networks and satellite-based connectivity solutions. These alternatives present viable options for certain applications, posing a challenge to the fiber optic market’s continued expansion.

Key Takeaways from the Fiber Optic Connectivity Market Report:

Global Fiber Optic Connectivity Market was valued at US$ 2.8 Billion by 2022-end
The US to account for the highest value share of US$ 1 Billion of global market demand for Fiber Optic Connectivity Market in 2032
From 2015 to 2021, the Fiber Optic Connectivity demand expanded at a CAGR of 10.1%
By Component, Hardware constitutes the bulk of Fiber Optic Connectivity with a CAGR of 9.4%.

Leading Key Players:

Adtell Integration
Adtran Inc.
Broadcom
Cisco Systems Inc.
Corning Incorporated
Fiber Optic Services (FOS)
Finisar Corporation
Fujitsu Optical Components Ltd.
Hamamatsu Photonics K.K.
Huawei Technologies Co.
HUBER+SUHNER AG
Infinera Corporation
OptiLayer GmbH
Optiwave Systems, Inc.
ZTE Corporation

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Fiber Optic Connectivity Market Segmentation:

By Component:

Hardware
Software
Services

By Industry:

Mining
Oil & Gas
Wind Power
Electric Substations
Smart Cities

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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Nandini Singh Sawlani

Aquarium Decor Market Phenomenal Growth Trajectory Towards US$ 4,313.6 Million by 2033 | FMI

The aquarium decor market is expected to grow significantly in the coming years, reaching US$ 4,313.6 million by 2033 from US$ 2,648.2 million in 2023. During this forecast period, the market is likely to exhibit ca CAGR of 5.0%.

The social media boom has really helped growth of the aquarium decor industry. In light of social media platforms, individuals are now capable to order different products and have them delivered at their houses. More factors which make this market attractive are of wide varieties of products that can be vividly found on social media.

The aquarium accessory platform, however is not straightforward. The latter is a formidable challenge especially when competing against other players in the market-many of whom are capable of selling their products close to zero. The price competition serves as a limitation in aquarium decor market.

Customer preferences in the aquarium decor industry have shifted dynamically over time. This evolution is driven by customers seeking diverse aquarium decor products available at more affordable prices. In response to this demand, companies are actively engaged in the development of novel products. They now employ various materials and technologies that align with the specific needs of customers. This adaptability allows companies to cater to the evolving tastes of their clientele.

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Market Opportunities

The aquarium decor market is projected to experience a notable growth trajectory during the forecast period, characterized by a CAGR of 5.0%. This consistent expansion signifies a range of promising opportunities that await businesses operating within this sector. The market’s upward trend is fueled by a rising consumer base, with a growing awareness of the significance of creating a stimulating and enriching environment for aquatic life.

As people become more attuned to the welfare of their fish, there is a noticeable uptick in sales within the aquarium decor industry. This trend underlines a positive trajectory for the market’s growth through 2033.

The market is also expected to grow rapidly in online markets of aquarium decor products. The ever-expanding presence of social media further amplifies this growth by providing a conducive environment for the aquarium decor industry to thrive.

Key Takeaways

The aquarium decor market size is expected to reach US$ 4,313.6 by 2033.
In 2022, the United States held a prominent position in the global market, with a leading market share of 5.5%. This can be attributed to a robust community of aquarium hobbyists and a diverse range of products catering to their needs.
China stands as the second leading market, poised for substantial growth with a projected CAGR of 6.0% until 2033. This growth is propelled by increasing disposable income among consumers and the growing popularity of aquariums as a hobby.
Japan also embraces the third position in the market rankings, capturing a notable 4.6% share of the global market in 2022, propelled by the surging interest in aquariums among younger consumers.
Germany held a solid 3.0% share of the global market in 2022, driven by high disposable income and a robust network of aquarium retailers.

Competitors Winning Strategies

Competitors in the aquarium decor market are excelling by prioritizing customer service, a pivotal aspect of this industry. By effectively resolving customer issues, companies foster strong customer relationships. They are using social media to make promotions; with this, they can interact with their customers and get feedback on their products.

Competitors are striving to offer budget-friendly options in the aquarium decor product range. Additionally, they are concentrating on innovation, consistently introducing new aquarium decor products to cater to customer preferences for novelty.

Aqua Design Amano, Aqueon, Azoo Bio, Guangdong Boyu Group, Interpet, Qian Hu, Rolf C. Hagen, Spectrum Brands, and Tropical Marine Centre are some of the leading competitors in the aquarium decor market.

Recent Developments

Aquarium Co-Op: This business has developed different ranges of aquarium decor from natural elements, such as driftwood, pebbles, and plants.
Fluval: This company has introduced multiple new lines of aquarium decorations to foster beneficial bacteria growth.
Oase: The company has lately introduced a new range of aquarium decor meant to give hiding spots for fish.
CaribSea: This company has introduced a diverse range of aquarium decorations to offer various textures for fish to explore.

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Market by Category

By Product type:

Plants
Toys
Ornaments
Statues
Others

By material:

Clay
Ceramic
Plastic
Coral
Stones
Resin
Others

By Price Range:

Low
Medium
Premium

By Sales Channel:

E-commerce Websites
Company Owned Websites
Hypermarkets and Supermarkets
Specialty Stores
Other Retail Stores

By Region:

North America
Latin America
Asia Pacific
Europe
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:

Nandini Singh Sawlani

Out of Band Authentication Market Targets US$ 4.3 Billion by 2032 with 13.2% CAGR

The global out of band authentication market is estimated to garner US$ 4.3 Billion while exhibiting a 13.2% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1.2 Billion in 2022.

The rising need for frictionless out of band authentication solutions among organizations and stringent data protection regulations for information security is the main driver of the market. Also, the growing instances of authentication-related frauds and data breaches increase the growth of the band authentication market.

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The increasing use of cloud-based technology such as artificial intelligence, big data, and blockchain in many enterprises impelled the growth of the market. Also, the increasing adoption of digital payment modes increases the demand of the market in forecasting years which is often used in financial institutions and other organizations with high-security requirements. The services segment is likely to offer remunerative opportunities for the global out of band authentication market.

Key Takeaways From The Out of Band Authentication Market Report:

By component, the solutions segment is expected to record a 12.4% CAGR by 2032
By organization size, the SME segment is to expand at a 12.4% growth rate during the forecast period
The U.S market to garner US$ 1.5Billion and record a 13.1% CAGR from 2022–2032
Market in China to procure US$ 300.1 Million, expanding at a 12.5% growth rate during the assessment period

Competitive Landscape:
Key players in the global out of band authentication market include Gemalto, CA Technologies, Symantec, Ping Identity, and RSA Security among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are:

In June 2022 — Thales Technologies signed a contract with Samsung through which it will provide next-generation single-chip solutions embedded in Samsung’s latest flagship smartphone. Its secure solution enables connectivity and contactless services in Samsung’s Galaxy S20 series. The single-chip combines an embedded secure element (eSE) and an embedded SIM (eSIM) that enables high-performance contactless services and a fully digitalized mobile connectivity experience for highly compact smartphones, smartwatches, and tablets.
In May 2022 — OneSpan, one of the global leaders in securing remote banking transactions, announced that leading Turkish bank, DenizBank, is using OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartõm.

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Out of Band Authentication Market Segmentation:

By Component:

Solutions
- Hardware Solutions
- Software Solutions
in Services
- Professional Services
- Managed Services

By Authentication Channel:

via SMS
via Email
via Push Notification
via Voice
Token-based
Other Channels

By Deployment Type:

Cloud-based
On-Premises based

By Organisation Size:

for SMEs
for Large Enterprises

By Vertical:

in Banking
in financial services and Insurance
in Government and Defence
in Retail
in Healthcare
in IT and Telecom
in Energy and Utilities
in Other Verticals (Manufacturing, Travel and Hospitality, Education, and Media & Entertainment)

By Region:

North America Market
Europe Market
Asia Pacific Market
Middle East & Africa Market
Latin America Market

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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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Nandini Singh Sawlani

Industrial IoT Market: Forecasting a Robust 12.1% CAGR, Targeting US$ 1,392,133.7 Million by 2033

The industrial IoT market is expected to grow significantly, with a notable 12.1% annual growth rate. By the year 2033, it is projected to reach a substantial value of US$ 1,392,133.7 million. This indicates a promising future for IIoT technologies in various industries.

Technological developments in semiconductor and electronic devices, growing usage of cloud computing platforms, standardization of IPv6, and backing from governments of various nations for IIoT R&D efforts are all driving the industrial IoT market forward.

The Industrial IoT Market is predicted to grow at a rapid pace over the forecast period, thanks to advances in technology and the increasing availability of affordable sensors and processors that can provide real-time access to information.

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The industrial IoT market is expected to grow due to the growing requirement to improve operational competence and excellent collaboration among major market participants to achieve the same. Furthermore, the techniques being developed to create a united digital-human workforce are projected to provide significant prospects for industrial IoT market share growth.

Artificial intelligence and the Internet of things are gaining traction in the industrial industry, propelling the market ahead. The breakout of the COVID-19 pandemic in 2020 put the industrial sector to the test. As a result, the usage of AI and IoT in the production industry has accelerated. In the absence of a regular crew in manufacturing plants, activities such as condition monitoring and repair and maintenance were carried out with the help of AI and machine learning (ML) algorithms.

Key Takeaways from the Industrial IoT Market Report:

The United States garnered 16.3% shares in the global market.
From 2021 to 2028, the logistics and transportation segment is expected to grow at a CAGR of more than 26%. The considerable emphasis that logistics and transportation businesses are placing on improving asset management and, as a result, on the implementation of smart transportation can be linked to the rise.
The manufacturing segment of the industrial IoT market is expected to rise at a CAGR of 11.1% throughout the forecast period.
In 2021, networking technology held the biggest industrial IoT market share. The backbone of the IIoT is networking technology, particularly wireless technology.
In terms of value, APAC is expected to have the greatest share of the market in 2021. Asia Pacific has become a global focus point for large investments and corporate growth, and it is a major hub for industrial manufacturing.

Major Key Players in the Global Market:

IBM Corporation
Intel Corporation
Schneider Electric SE
General Electric Company
Emerson Electric

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Recent Developments in the Industrial IoT Market:

In February 2022, Lantronix unveiled its G520 Series Smart cellular IoT devices and services, which are application-specific industrial IoT solutions that solve issues in the Industry 4.0, Security, and Transport segments.
In June 2021, seven new solutions were introduced by Qualcomm Technologies as part of an expansion of its support for the IoT ecosystem. These solutions include Qualcomm QCS8250, Qualcomm QCS6490/ QCM6490, Qualcomm QCS4290/ QCM4290, and Qualcomm QCS2290/ QCM2290.
Intel, in collaboration with John Deere, introduced AI technology to help fix an expensive, long-standing problem in the production welding process in April 2021. In its manufacturing facilities, Deere is testing a system that employs computer vision to automatically recognize frequent errors in the automated welding process.
In February 2021, Cisco and Newark, an Avnet Company, established a partnership to provide clients in North America with industrial IoT network solutions for tough and non-carpeted environments.
Plataine announced a partnership with SAP in March 2021 to integrate industrial IoT and AI-based tools for digital manufacturing into its business offering. Plataine’s cloud-based IIoT and AI-based digital manufacturing software are now accessible on SAP Store. This merged with SAP App Center to create a unified digital store for SAP and partner offerings.

Industrial IoT Market Segmentation:

By Components:

Hardware
Software
Services

By End Use:

Aviation
Transportation
Oil & Gas
Power Generation & Utility
Manufacturing
Healthcare
Others

By Region:

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

About Future Market Insights (FMI):

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

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Nandini Singh Sawlani

Fixed Asset Management Software Market Sees Explosive Growth, Projected to Reach US$ 11.4 Billion by 2032

The worldwide expected size for fixed asset management Software market was US$ 3.8 billion in 2021 and US$ 4.2 billion in 2022. The market is anticipated to grow at a CAGR of 10.6% from 2022 to 2032, when it will reach US$ 11.4 billion. The market is anticipated to be significantly impacted by the rapid adoption of IoT-based services across numerous industries, including manufacturing, oil & gas, energy, electricity, and construction, over the projected period.

With the emergence of industry 4.0 in the manufacturing sector, various plants have adopted digital technologies to enhance the manufacturing processes, thereby, propelling the industry in the forecast period. Besides, technological development across several sectors like cloud computing, AI, and others is expected to benefit the fixed asset management software market in the forecast period.

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For instance, in September 2019, Adapt IT disclosed a partnership with i-Chain, a South Africa-based fixed asset management services, and solutions company to provide a Web-based system offering easy access to a cloud-based environment, designed especially for educational institutions to assist them in managing their assets.

Key Takeaways from the Market Study:

The global fixed asset management market is estimated at USD 3.8 Bn in 2021
The global fixed asset management market to expand at 10.6% during the forecast period
The U.S market to secure USD 4 Bn and expand at 10.4% from 2022-to 2032
The market in China to procure USD 794 Mn while recording a 9.9% CAGR
The on-premises segment to expand at 10.2% CAGR
The Manufacturing segment to record a 10.4% growth rate

Competitive Analysis:

Key participants of the global fixed asset management software market include IBM, Infor, SAP, Microsoft, and Oracle, among others.

Recent key developments among players are:

In March 2021, Sage, a cloud-business solutions provider acquired Task Sheriff, an artificial-based SaaS. The acquisition is focused on strengthening its AI technology and Task Sheriff founders would join Sage AI Labs. It is a global team of engineers, data scientists, and product managers, located in Melbourne, Barcelona, San Francisco, and Tel Aviv.
In April 2019, Infor signed an agreement with First Bus. Infor agreed to strengthen asset management for First Bus. First Bus is a transport operator in North America and the U.K.

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Fixed Asset Management Software Market Segmentation:

By Component:

Software
Services

By Deployment Type:

Cloud
On-Premises

By Organization Size:

Large Enterprises
SMEs

By Vertical:

Energy and Utilities
Manufacturing
IT, Telecom, and Media
Transportation and Logistics
Healthcare and Life Sciences
Other Verticals

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:

Nandini Singh Sawlani