Virtual Companion Care Market Poised for Growth at 6.2% CAGR, Reaching $14.4 Million by 2033

Virtual Companion Care Market
Virtual Companion Care Market

The virtual companion care market is anticipated to grow at a rate of 6.2% CAGR over the forecast period. The current valuation of US$ 7.9 million in 2023 is expected to improve to US$ 14.4 million in net worth by 2033 for the global market throughout this forecast period.

The interaction between patients and caregivers or health maintenance organizations is fast evolving in the digital age due to the widespread usage of various technologies by primary and secondary healthcare service consumers.

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The Rise of Virtual Companions in a Digital Age

Patients and caregivers are adopting technology to provide better care, which is causing a digital revolution in the healthcare industry. Virtual companion care solutions are becoming a useful resource that helps users connect and share health information.

Popularity of Virtual Platforms for Companion Care

The increasing acceptance of virtual platforms for companion care is a major driver of the industry expansion. Healthcare systems are using these platforms more and more to provide health advice and assistance; this is especially helpful for senior citizens who frequently lack company.

Key Takeaways:

  • The virtual companion care market is estimated to reach a global net worth of US$14.4 million by 2033, reflecting a healthy CAGR of 6.2%.
  • This growth is driven by the increasing adoption of virtual healthcare platforms and the rising need for companionship, particularly among aging populations.

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Competitive Landscape for the Global Market

The majority of people in poor nations have not yet had first-hand experience with virtual companion care, and the market is still in its early stages of growth. Most of the platforms are usually created as part of the curriculum by universities and other educational organizations. But as the need for virtual companion care services grows across the country, commercial companies offering comprehensive support services are starting to emerge.

Recent Developments in the Global Market:

  • Lares Home Care, LLC started its 24×7 virtual caregiver solution in May 2020 by the name of EnvoyatzHome to monitor the activities of older adults in real-time.
  • A leading virtual healthcare service provider named Healthtap declared in March 2021 to start primary care service in virtual mode. The first phase provides it in seven states and is estimated to be extended later.

Key Players Profiled:

  • Claris Healthcare Inc.
  • General Electric Company
  • AIST Japan
  • GeriJoy Limited
  • Living Assistance Services Inc.

Virtual Companion Care Market by Category:

By Type:

  • Video Service
  • Voice Service
  • Others

By End User:

  • Long-term Care Centres
  • Home Care Settings
  • Rehabilitation Centres
  • Old Age Homes
  • Others

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Global Electronic Medical Records Industry is expected to grow at a steady 6.2% CAGR to reach a valuation of US$32.3 Billion by 2033 | FMI Study

The Global Electronic Medical Records Industry is on a trajectory for significant growth, with a projected valuation of US$32.3 billion by 2033, according to a recent report by Future Market Insights (FMI). This substantial increase reflects a robust Compound Annual Growth Rate (CAGR) of 6.2% from its US$17.6 billion valuation in 2023.

As healthcare organizations worldwide recognize the imperative benefits of electronic medical records, the market is expected to witness substantial expansion. The heightened demand is directly correlated to the industry’s recognition of electronic health records as software-as-a-service, facilitating scalability and streamlined operations for multiple healthcare providers.

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The market is expanding as a result of an increase in the number of benefits, including lower infrastructure and maintenance expenses, lower license and start-up costs, and greater accessibility. Improved productivity and quicker, simpler adoption are two benefits of cloud-based EMR solutions. The application is incredibly scalable because of its cloud-based architecture (pay-as-you-go storage utilization). It removes departmental silos of healthcare data to streamline and consolidate storage resources to reduce costs and boost efficiency.

Large, well-known firms are starting to enter the cloud sector. To maintain the level of patient care, the cloud infrastructure also provides real solutions for business continuity and disaster recovery. As a result, the cloud-based EMR market is anticipated to expand dramatically. The digital revolution in healthcare is essential to give medical staff relatively easy access to patient records. During the projection period, it is predicted that the growing need for systems and software that connect hospitals, clinics, and other healthcare facilities will become a growth driver.

A greater emphasis is placed on strategic partnerships between leading suppliers of electronic medical record solutions as market rivalry intensifies. Additionally, it is projected that the constantly growing need for knowledge sharing and technology upgrades to improve healthcare efficiency will foster partnerships between important actors.

Key Takeaways from the Global Electronic Medical Records Industry

  • The US electronic medical records (EMR) market is anticipated to expand at a CAGR of 6% over the forecasted period.
  • By 2033, it is anticipated that the cost of implementing electronic medical records (EMR) in the US will surpass US$ 18.4 Bn.
  • The UK electronic medical records (EMR) market is anticipated to expand at a CAGR of 8.4% throughout the anticipated time frame.
  • By 2033, the UK’s sales of electronic medical records (EMR) systems are anticipated to surpass US$ 1.6 billion.
  • The market for electronic medical records (EMR) in India is anticipated to expand at a CAGR of 8.2% over the forecasted period.
  • By 2033, the Indian market for electronic medical records (EMR) is anticipated to reach more than US$ 255.0 Mn.
  • In 2021, the market for electronic medical records (EMR) was dominated by cloud-based EMRs, which accounted for more than 50.0% of total revenue.
  • Hospital electronic medical records (EMR) are expected to increase at a CAGR of 6.4% throughout the forecast period as a result of rising pandemic and epidemic infections, as well as the requirement for global vaccination against a wide range of diseases.

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Who is Winning?

According to Future Market Insights (FMI), top EMR solution providers are building alliances with the local healthcare system, engaging in mergers and acquisitions, and bolstering their distribution networks to develop and explore the underdeveloped markets of Asia and Latin America. To break into middle-income and emerging markets, market companies are also concentrating on raising awareness, lowering the price of EMR software and related services, and fusing EMR with contemporary technologies.

Microsoft Corp. acquired Nuance Communications, Inc. in April 2021 to empower healthcare providers with the power of ambient clinical intelligence and other Microsoft cloud services.
Capital Health, a regional leader in providing cutting-edge, high-quality patient care, introduced a new electronic health record (EGR) in the acute care divisions of both of its hospitals in February 2021 to better serve its patients.
The “Patient” database personal health record (PHR) of the patient will now be able to safely transfer the patient’s existing health records from the “Patient” database onto the Apple Health app, according to a May 2021 announcement from DrChrono. This should simplify the procedure and make it easier to access medical data more quickly.

Key Segments Covered in Global Electronic Medical Records Industry Study

By Product Type:

  • Hospital EMR
  • Ambulatory EMR

By Component:

  • EMR Software
  • EMR Services

By Application:

  • Client Server Setup EMR
  • Hybrid Server Setup EMR
  • Cloud Based EMR

By End User:

  • Hospitals
  • Specialized Clinics
  • General Physician Clinics
  • Ambulatory Surgical Centers

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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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T: +1-845-579-5705
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Location Analytics Market value is expected to reach USD 82.14 billion by 2033, growing at a CAGR of 14.8% | Future Market Insights, Inc.

It is projected that the location analytics market would grow at a robust 14.8% CAGR from 2023 to 2033. Although the market is projected to be valued at US$ 20.66 billion in 2023, it is predicted to surpass a market share of US$ 82.14 billion by 2033.

The market for location-based system solutions is being driven by the growing use of smartphones and location-based appliances. In addition, real-time tracking, delivery, and regional forecasting services are becoming more and more popular in the market.

Government authorities for geospatial and geographical research are fueling the demand for location-based technologies. The integration of AI, machine learning, internet of things with location analytics is thriving the market growth.

Authorities that deal with weather forecasting, climate change, and population density also flourish the growth of the location analytics market. These systems increase the scalability and agility of any business through segregated data representation.

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Healthcare services also consume the market as it tracks the hospitals, patient number, and medical emergency through location tracking. These systems also support the productivity of corporate setups to clarify location-based statistics and empower the company with better decision-making power.

Key Points

  1. The North American market holds the dominant space in the location analytics market. The market growth is attributed to the growing competition amongst businesses along with the flourishing expansion of automotive integration. The new road traffic management solution through location analytics also helps the market bloom.
  2. The Asia Pacific location analytics market is also an important regional market. The regional growth is attributed to the improved market expansion and the huge smartphone using population
  3. Europe with expanding tourist activities provides the automotive industry with an option for location-tracking systems.
  4. The remote monitoring segment is likely to thrive in the application type category as it thrives on factors like increasing international businesses and remote work prospects. The segment is expected to gain 10% by 2032
  5. The transportation and logistics segment tops the industrial vertical category while it held 25% by 2022. The growth of this is fueled by the integration of automotive technology along with higher consumer usage.

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Competitive Landscape

The key competitors focus on building systems with higher accuracy along with the elements like consumer information and number-based data. Key competitors also merge, acquire, and partner with other companies to increase the GPS enhancements, supply chain, and distribution channel. The key players in the market are ALTERYX, ESRI, GOOGLE LLC, HERE TECHNOLOGIES, HEXAGON, Microsoft Corporation, Oracle Corporation, PITNEY BOWES, SISENSE INC, SYNCSORT, IBM, and Quppa.

Recent Market Developments

  • American tower along with the Oracle corporation introduced its ready-to-use services for workloads and location-based data. This is likely to offer valuable, actionable insights for businesses.
  • Google introduced location intelligence with advanced frontier for data-driven success that is likely to impact the sales funnel positively for any personalized business.

Key Segments

By Component:

  • Solution
    • Geocoding & Reverse Geocoding
    • Thematic Mapping & Spatial Analysis
    • Reporting & Visualization
  • Service
    • Professional Service
    • Managed Service

By Location Positioning:

  • Outdoor Positioning
  • Indoor Positioning

By Application:

  • Risk Management
  • Customer Experience Management
  • Remote Monitoring
  • Supply Chain Planning & Optimization
  • Emergency Response Management
  • Location Selection & Optimization

By Industry Verticals:

  • Transportation & Logistics
  • Retail
  • BFSI
  • IT & Telecom
  • Healthcare
  • Energy & Utilities
  • Manufacturing

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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Microprocessor Market Size is projected to be Valued at US$ 74.55 billion in 2023, and is Expected to Rise to US$ 139.94 billion by 2033 | Future Market Insights, Inc.

The size of the microprocessor market is anticipated to increase from US$ 74.55 billion in 2023 to US$ 139.94 billion in 2033. Over the course of the projection period, microprocessor sales are anticipated to grow at a notable CAGR of 6.5%.

A primary driver of the market’s expansion is the rapidly expanding information and technology (IT) industry. Additionally, the demand for cloud-based services is rising internationally as more people become aware of their benefits, which is driving market development. Enhanced mobility and security, significant cost savings, better cooperation, automated software upgrades, loss protection, competitive edge, and sustainability are some of these benefits.

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Online user-based services like Facebook, YouTube, and Twitter have significantly increased, leading to a surge in data centers that house personal information in a centralized system and consume massive servers.

A positive market outlook is being created by ongoing funding of research and development (R&D) initiatives to fulfill the expanding demands for servers and data centers globally.

Leading market players are also expanding their technology alliances to introduce cutting-edge products. To enhance their designs, they are also combining cutting-edge technologies like data analytics, machine learning, and artificial intelligence (AI), which is predicted to drive market expansion further.

Key Takeaways from Market Study:

  • Due to its less complicated chips, which assist maintain a consistent instruction size without the use of microcode layers or additional overhead, the RISC category held the leading market share (33.5%), accounting for a significant market.
  • More than 40% of the market was accounted for by the personal computer (PC) category. The growing use of microprocessor chips in personal computers around the world supports the substantial commercial potential the personal computer segment presents to the key market participants.
  • With US$ 4.47 billion in revenue in 2019 and an expected growth of 7.4% CAGR to reach US$ 7.06 billion by 2028, the consumer electronics segment was the significant contributor to the market. The need for microprocessors is rising as a result of technological advancements in the consumer electronics sector, such as the incorporation of IoT, cloud connectivity, and Bluetooth networking.
  • By 2030, the market for microprocessors in North America is expected to reach US$ 8 billion, expanding at a CAGR of 7.2%. The sales of embedded processors with the necessary features are driven by a rise in the population’s disposable income in North America.
  • With a 56.5% market share in 2019, Asia Pacific is predicted to expand at the rate of 5% throughout the projection period. The expansion is linked to the region’s increasing use of smartphones and other devices like laptops, mobile phones, desktop computers, and tablets.

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Competitive Landscape:

Due to the significantly shifting consumer preferences, there is intense competition among industry competitors in the worldwide microprocessor market. Consumer expectations have radically changed as a result of the application of modern technologies in consumer electronics, automotive, IT & telecom, medical, and other sectors, boosting competition among players. In order to meet the increased customer expectations, market firms are also making huge investments in research and development. In turn, this expands their product line and strengthens their market position.

Latest Developments in the Microprocessor Market:

  • The 12th Generation Intel Core processor family, which includes the 12th Generation Intel Core i9-12900K, was introduced in October 2021, according to Intel Innovation. With a maximum turbo boost of up to 5.2 GHz and as many as 16 cores and 24 threads, the new desktop CPUs achieve new levels of multi-threaded performance for ardent gamers and professional producers.
  • Intel unveiled two new 11th-generation U-Series CPUs in June 2021 that are intended for thin and light notebooks. At Computex 2021 in Taiwan, these chips were first displayed. These chipsets are equipped with the business’ Iris Xe graphics. A Core i7-1195G7, which has a single-core turbo speed of up to 5GHz, is a top-of-the-line processor. A Core i5-1155G7 processor, clocked at 4.5GHz, is also included. The two chipsets’ TDP goals range from 12-28W.

Key Players Operating in the Microprocessor Market

  • Broadcom, Inc.
  • Intel Corporation
  • Qualcomm
  • Samsung Electronics
  • SK Hynix
  • Taiwan Semiconductors
  • Texas Instruments
  • Toshiba Corporation
  • Maxim Integrated Products, Inc.
  • Micron Technology
  • NVIDIA Corporation
  • NXP Semiconductors N.V.

Key Segments Covered in the Microprocessor Market Report

By Technology:

  • Complex Instruction Set Computer (CISC)
  • Reduced Instruction Set Computer (RISC)
  • Application-specific Integrated Circuit (ASIC))
  • Superscalar
  • Digital Signal Processor (DSP)

By Application:

  • Automotive & Transportation
  • Consumer Electronics & Home Appliances
  • Industrial
  • Medical & Healthcare
  • Aerospace & Defense
  • IT & Telecom

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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Sustainable Packaging Requirements to Push Time Temperature Indicator Labels Sales Past US$ 1,715.6 Million in 2033

Time Temperature Indicator Labels Market
Time Temperature Indicator Labels Market

According to Future Market Insights (FMI), a healthy 6.5% CAGR is expected to take the valuation of the global time temperature indicator labels market from US$ 917.6 million in 2023 to US$ 1,715.6 million in 2033.

During transportation and shipping, it is important to avoid products getting damaged by the external environment. This is where a time temperature indicator label can be a convenient option. For products which sustain damage rapidly with a rise in temperature, such as food and pharmaceutical products, these time temperature indicator labels help in controlling temperature.

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Owing to added specialization and sensitivity of pharma products, consignments are now being shipped globally across varied climatic regions. In the food & beverages industry, rising demand for perishable food products such as seafood, soft fruits, cheese, and meat from the growing middle class in developing regions is also driving demand for effective temperature-controlled packaging solutions, as most of these products are extensively imported from distant geographies.

Specialized agriculture/aquaculture functions enable the transport of temperature-sensitive food products to distant markets. The technologically advanced features have made time temperature indicators more complex but more convenient for end-use applications.

Changes in buying preferences towards online purchases and increased imports and exports of perishable products are the factors that are affecting the acceleration of the global time temperature indicator labels market. Time temperature indicator labels are easy to use and low cost. Their use also results in advantages such as improved food safety and increased shelf life.

Key Takeaways of Time Temperature Indicator Labels Market Study

  • By product type, color (only) based is expected to hold more than 2/3th value share by 2033 in the global market as visual verification becomes easier with change in the external temperature.
  • Critical time temperature indicators (CTTI) is the most lucrative sub-segment from label information segment, in terms of market share as well as incremental opportunity. This segment is rapidly growing and expected to expand at a CAGR of 4% in from 2023 to 2033.
  • Enzymatic segment is estimated to hold a 8% share in the global market share estimated to accelerate at a CAGR of 6.8% between 2023 and 2033.
  • North America is estimated to capture around 1/4th of the time temperature indicator labels market due to presence of prominent market players. The region is expected to achieve a market share of around 25% by 2033.

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“Rising demand for perishable food products is translating into increasing need for TTI Labels. Technological advancements in the packaging industry is expected to bolster the demand for time temperature indicator labels market. The cost-effectiveness provided by the manufacturers is also likely provide a boost to the time temperature indicator labels market” says an FMI analyst.

Who is Winning?

From 2023 to 2033, prominent market participants are anticipated to invest in research & development for creating more cost-effective products. Acquisition and merger strategies are also likely as players compete to expand their global footprints.

The key players operating in the time temperature indicator labels market are 3M Company, CCL Industries Inc., TIP Temperature Products, Delta Trak, Phase IV Engineering, Inc., Biosynergy, Inc., Evigence Sensors, Insignia Technologies Ltd., Liberty Marking Systems, Timestrip UK LTD, Testo SE & Co. KGaA, American thermal instruments, Vanprob Solutions, SRV Controls, and R.R. Donnelley & Sons Company.

Get More Valuable Insights

Future Market Insights, in its new offering, offers an unbiased and thorough analysis of the global time temperature indicator labels market, analysing historical demand from 2015 to 2022 and forecast statistics for the period from 2023 to 2033. The study reveals market growth projections for time temperature indicator labels based on label information (critical time temperature indicators (CTTI), time temperature indicators (TTI), critical temperature indicators (CTI)), product type (barcode based, color (only) based), end-use industry (pharmaceutical, chemical & fertilizers, food & beverage), and technology (photochemical, polymer-based, microbiological, enzymatic, diffusion) across eleven regions.

About the Packaging Division at Future Market Insights

The packaging team at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

Time Temperature Indicator Labels Industry by Category

By Product Type:

  • Color (Only) Based
    • Irreversible
    • Reversible
  • Barcode Based

By Label Information:

  • Critical Temperature Indicators (CTI)
  • Time Temperature Indicators (TTI)
  • Critical Time Temperature Indicators (CTTI)

By Technology:

  • Microbiological
  • Diffusion
  • Polymer-based
  • Photochemical
  • Enzymatic

By End-use Industry:

  • Pharmaceutical
  • Food & Beverage
  • Chemical & Fertilizers

By Region:

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

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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Veterinary Procedure Lights Market Illuminated for Growth at 4.3% CAGR, Reaching US$ 463.9 Million by 2033

Veterinary Procedure Lights Market
Veterinary Procedure Lights Market

The veterinary procedure lights market size is anticipated to rise at a consistent compound yearly growth rate (CAGR) of 4.9%, from its estimated value of US$ 303.8 million in 2023 to a value of US$ 463.9 million by 2033.

A market study on veterinary procedure lights highlights the significance of surgical lights for operational repositioning as well as the rapidly advancing fields of technology and innovation. The majority of the time, these procedure lights are utilized for sufficiently precise minimally invasive operations. Additionally, the most recent advancements in light technology along with fresh innovations are driving trends in veterinary procedure lights sales.

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Technological Advancements Illuminate the Path

The veterinary procedure lights market is illuminated by a growing focus on technological innovation. The report highlights the importance of high-quality lighting in ensuring accurate surgical positioning, particularly during minimally invasive procedures. Recent advancements in light technology, including the introduction of highly efficient LED lights, are a key driver of market expansion.

Pet Humanization Brightens Market Future

The rising trend of pet humanization is a significant factor propelling the market forward. Pet owners increasingly view their furry companions as family members, leading to a surge in pet healthcare expenditure. This translates to more frequent vet check-ups, diagnoses, and treatments, consequently driving the demand for specialized veterinary equipment like procedure lights.

Government Support Fosters Growth

The rising pet adoption rate, particularly in Western countries, necessitates better veterinary equipment. This trend is further supported by government initiatives, creating a positive outlook for the veterinary procedure lights market. The expanding veterinary procedures market, coupled with potential integration of artificial intelligence, Internet of Things (IoT), and nanotechnology into these devices, presents exciting future opportunities.

Key Takeaways:

  • The global veterinary procedure lights market is poised to surge from US$303.8 million in 2023 to US$463.9 million by 2033, reflecting a steady CAGR of 4.3%.
  • Rising technological advancements, coupled with the crucial role of surgical lighting in precise veterinary procedures, are fueling market growth.
  • The advent of efficient LED lights across operating room, exam, and handheld categories further bolsters market prospects.

How Key Players are Contributing to the Veterinary Procedure Lights Market?

There are many notable players in the highly fragmented veterinary procedure lighting market. In terms of market share, a small number of very large companies currently control the sector. Sunnex Group, ACEM S.p.A., MDS, Midmark Corporation, Medical Illumination, and Suburban Surgical Co., Inc. Incorporated are some of the industry leaders.

Recent Developments:

  • Atena Lux attended the Arab Health 2022 conference, which was held in Dubai.
  • Dispomed Ltd. announced their alliance with ARVS in April 2022. The focus of this collaboration will be on offering the best medical equipment and tailored technical service to veterinary clinics.

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Market Segmentation:

By Product Type:

  • Examination lights
  • Surgery Lights
  • Frontal Binocular Microscope and Headlights

By Modality:

  • Floor Stand
  • Wall Mount
  • Single head Ceiling Mount
  • Double-head Ceiling Mount

By End User:

  • Veterinary Hospitals
  • Veterinary Clinics
  • Veterinary Diagnostic Centers
  • Others

By Region:

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

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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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Future Market Insights Inc.
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T: +1-845-579-5705

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Global Peptide Therapeutics Industry Examining the 10.8% CAGR and US$106 Billion Forecast for 2023 to 2033 | FMI Insights

The Global Peptide Therapeutics Industry is experiencing a surge in growth, driven by its expanding role in the pharmaceutical landscape. According to a recent market analysis, the industry has reached a valuation of US$38 billion in 2023 and is projected to reach a staggering US$106 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 10.8%.

This upward trajectory underscores the escalating significance and potential of peptide therapeutics within the global pharmaceutical landscape. The industry’s growth is fueled by cutting-edge research, innovation, and a growing demand for effective and precision-targeted treatment options.

Peptide medicines have been used to treat metabolic illnesses for more than a century. Peptide drugs offer numerous advantages over tiny chemical compounds, resulting in huge demand across geographies.

Here are some of the key advantages of the Global Peptide Therapeutics Industry :

  • They are highly specific and have fewer side effects than chemical compounds.
  • They can be delivered orally, nasally, or topically, which makes them more convenient to administer.
  • They are more stable in the body and have a longer half-life than chemical compounds.

Further, peptide therapeutics can be a preferred alternative to small molecule and biological therapeutics. All of these factors have led to an upsurge in research and investments in peptide drug recovery over the last ten years and are expected to bode well for the future prospects of the market.

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Again, surging incidences of metabolic disorders and the high prevalence of cancer propel the demand for investments in research and development activities in the field of peptide therapies. These illnesses are the prime cause of death and disability all over the world. As a result, there is a greater demand for the development of peptide therapeutics. Peptide-based drug delivery for cancer cells coupled with enhancements in the next-generation therapeutics will presumably supplement the market expansion of peptide therapeutics. In addition to this, there’s a rise in interest in therapeutic peptide research due to commercial reasons. Thus, it is presumed that peptide drug recovery will play a crucial role in the healthcare industry.

“Heightened application of peptides in the treatment of diabetes and cancer will likely augment the sales of peptide therapeutics in the global market over the forecast period,” says an FMI analyst.  

Global Peptide Therapeutics Industry Key Takeaways:

  • The popularity of oral peptide-based drugs generates attractive market opportunities.
  • Peptide-based therapeutics will continue to gain momentum in Cosmeceuticals.
  • Government support to aid market growth in North America.
  • India will offer various lucrative opportunities to the peptide therapeutics industry.
  • Based on the route of administration, the parenteral route segment will continue to gain preference during the assessment period.

Competitive Landscape from the Global Peptide Therapeutics Industry :

Eli Lilly and Company, AstraZeneca plc, Merck & Co., Inc., Ipsen S.A, Novo Nordisk A/S, and Teva Pharmaceutical Industries Ltd., among others, are some of the major players in the peptide therapeutics industry that are profiled in the full version of the report.

In a moderately competitive market, major players are concentrating on market expansion activities. These organizations are engaging in distribution agreements, white space exploration, and collaborative ventures. The more established businesses are focusing on working with local players to expand their production capacities and improve their regional presence.

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More Insights into the Global Peptide Therapeutics Industry Report

In its latest report, FMI offers an unbiased analysis of the global peptide therapeutics industry, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2025. To understand the global market potential, growth, and range, the market is segmented based on application (cancer, cardiovascular diseases, central nervous systems, metabolic disorders, infections, hematological disorders, gastrointestinal disorders, dermatology, respiratory disorders, acromegaly, other applications), route of administration (parenteral route of administration, mucosal route of administration, oral route of administration, transdermal route of administration), drug type (branded drugs, generic/ biosimilar drugs), and region.

According to the latest FMI reports, based on region, the peptide therapeutics market in North America is expected to dominate the market over the forecast period. A surge in government investments as well as an increase in industry spending on research and development activities in peptide therapeutics is driving the regional market growth. This market is further supported by the target market expansion in the United States.   Owing to the high prevalence of cancer along with increasing research and development activities, the U.S. peptide therapeutics market is expected to witness impressive growth over the forecast period.

In India, the peptide therapeutics industry is anticipated to gain many profitable future prospects. The rising adoption of synthetic peptide drugs in India is likely to propel the market growth in this region. Rising incidences of chronic illnesses and an aging population also contribute to market growth.

Based on the segmentation, based on the route of administration, the parenteral route will continue to gain momentum over the forecast period.

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Global Peptide Therapeutics Industry Key Segments:

By Application:

  • Cancer
  • Cardiovascular Diseases
  • Central Nervous Systems
  • Metabolic Disorders
  • Infections
  • Hematological Disorders
  • Gastrointestinal Disorders
  • Dermatology
  • Respiratory Disorders
  • Acromegaly
  • Other Applications

By Route of Administration:

  • Parenteral Route of Administration
  • Mucosal Route of Administration
  • Oral Route of Administration
  • Transdermal of Route Administration

By Drug Type:

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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

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Global Bronchitis Treatment Market Expected to Reach US$8.5 Billion by 2032 Driven by Aging Population and Rising Respiratory Issues

The global bronchitis treatment market is poised for significant growth, reaching an estimated US$ 8.5 billion by 2032, according to a recent market analysis. This projection reflects a compound annual growth rate (CAGR) of 4.1% from a valuation of US$ 5.5 billion at the end of 2021.

“The rising geriatric population worldwide and the increasing patient pool suffering from bronchitis and other respiratory illnesses are key factors driving the bronchitis treatment market,” says FMI, a leading expert in the field.

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Bronchitis: Understanding the Condition and Risk Factors:

Bronchitis is a respiratory illness characterized by inflammation of the bronchial tubes, the airways that carry air to the lungs. This inflammation leads to a cough, often accompanied by mucus production. Other symptoms include shortness of breath, wheezing, and chest pain.

Several factors contribute to the risk of developing bronchitis, including:

  • Viral or bacterial infections
  • Smoking
  • Gastric reflux disease (GERD)
  • Exposure to irritants in the workplace, such as dust, pollution, and fumes

Potential Complications and Market Growth:

Untreated bronchitis can sometimes lead to pneumonia, a more severe lung infection. This highlights the importance of early diagnosis and proper treatment for bronchitis patients. The growing market for bronchitis treatments reflects the increasing need for effective solutions to manage this condition and its potential complications.

Key Takeaways Bronchitis Treatment Market:

  • Rising Prevalence: Bronchitis is a common respiratory condition characterized by inflammation of the bronchial tubes, and its prevalence has been increasing due to factors such as air pollution, smoking, and respiratory infections. This rising incidence has contributed to the growth of the bronchitis treatment market.
  • Treatment Options: The bronchitis treatment market offers a range of options, including medications like bronchodilators, cough suppressants, and antibiotics (in the case of bacterial infections). Non-pharmacological treatments, such as breathing exercises and pulmonary rehabilitation, are also utilized.
  • Increasing Research and Development: Pharmaceutical companies and research institutions continue to invest in the development of novel treatments for bronchitis. This includes exploring new drug formulations, targeted therapies, and potential vaccines for viral-induced bronchitis.
  • Technological Advancements: Advancements in medical technology have improved the diagnosis and monitoring of bronchitis. These include advanced imaging techniques, such as high-resolution computed tomography (HRCT), and portable devices for assessing lung function.
  • Growing Awareness: With increasing awareness about respiratory health and the importance of early diagnosis and treatment, more individuals are seeking medical attention for bronchitis symptoms. This heightened awareness has contributed to the growth of the market.
  • Favorable Reimbursement Policies: In many countries, healthcare reimbursement policies for bronchitis treatment are favorable, ensuring that patients can access appropriate medical care without significant financial burden.
  • Regional Variation: The bronchitis treatment market may experience variations based on regional factors, such as differences in disease prevalence, healthcare infrastructure, and economic conditions.

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Top Companies Competitive Analysis:

  • Melinta Therapeutics
  • AstraZeneca
  • Pfizer Inc.
  • Abbot
  • GlaxoSmithKline Plc.
  • Cadila Healthcare Limited.
  • Sanofi SA.
  • Novartis
  • Glenmark
  • Cipla Inc
  • Dr. Reddy’s Laboratories Ltd.
  • Boehringer Ingelheim Pharmaceuticals, Inc.

Key Segments Covered in the Bronchitis Treatment Industry Survey

By Type:

  • Chronic Bronchitis
  • Acute Bronchitis

By Treatment:

  • Drugs
  • Oxygen Therapy

By Drug Class:

  • Antibiotics
  • Anti-inflammatory Drugs
  • Bronchodilator
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • E-Commerce
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Edible Films and Coatings Market is Likely to Surpass US$ 4,871.0 Million by 2033 at a CAGR of 8.2% | FMI

Edible Films and Coatings Market
Edible Films and Coatings Market

The edible films and coatings market is anticipated to expand from US$ 2,210.0 million in 2023 to over US$ 4,871.0 million by 2033 at a CAGR of 8.2%.

The demand for edible films and coatings is propelled by factors like food preservation and quality maintenance, consumer preference for natural and safe products, customization and personalization, regulatory support, and technological advancements.

Challenges exist for companies such as achieving film performance and stability, cost efficiency, scale-up and production scalability, and consumer acceptance and perception. Opportunities for growth in the industry include incorporating functional ingredients, convenience and portability, collaboration and partnerships, and emerging market potential.

Latest trends in the industry include clean label and natural ingredients, active packaging and functional films, intelligent packaging and smart films, novel applications, and online retail and e-commerce.

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Key Takeaways in the Market:

  • North America holds a significant share of 36.7% in the edible films and coatings market due to the increasing adoption of sustainable packaging solutions and growing consumer demand for safe and eco-friendly products.
  • Germany has a market share of 3.8% driven by its emphasis on sustainability and eco-friendly solutions. China, with a CAGR of 7.9%, recognizes the need for sustainable alternatives and solutions.
  • India’s food processing industry is leading to a growth trajectory of 6.4% supported by initiatives promoting sustainable packaging practices.
  • Polysaccharides contribute to a 43.4% share of the market due to their versatility and effectiveness.
  • Fruits and vegetables hold a share of 38.2% as edible films and coatings help prevent post-harvest losses and cater to consumer preferences for natural products.

Competitive Landscape in the Edible Films and Coatings Market

The global market for edible films and coatings is competitive, and several global competitors are crucial to industry growth. Manufacturing businesses are investing extensively in research and development to create alternatives to plastic packaging, and edible films and coatings.

Companies turned their focus to producing eco-friendly and biodegradable edible films and coatings. To strengthen their foothold in the trash bag market, manufacturers used methods such as mergers and acquisitions, new product development, and distribution channel growth.

Latest Developments:

  • In April 2021, AgroFresh Solutions Inc., the United States-based provider of food freshness and quality solutions, launched VitaFresh Botanicals – Life Ultra, a new plant-based film. It employs a new innovative technology involving a nanoemulsion process that generates small particles, resulting in the best coating of foods and increased protection.
  • Sherwin-Williams Company, a paint and coatings manufacturer based in the United States, agreed to buy Peter Möhrle Holding and the GP Capital UG partnership, which includes Oskar Nolte GmbH and Klumpp Coatings GmbH, for an unknown sum in November 2022. Sherwin-Williams expects to develop economically fast in the global industrial wood market with this acquisition and might continue to pursue its acquisition strategy of complementary, large, and distinguishing enterprises.

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Segmentation Analysis of the Edible Films and Coatings Market

By Ingredient Type:

  • Polysaccharides
  • Protein
  • Lipids
  • Others (Based on Nano-reinforcements, blends, and encapsulation)

By Application:

  • Nutritional Products
  • Dairy Products
  • Confectionery & Bakery
  • Vegetables & Fruits
  • Poultry, Meat & Fish
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Wealth Management Platforms Market Projected to reach US$ 8.56 billion by 2033, Exhibiting a CAGR of 10% | FMI

Throughout the projection period, a compound annual growth rate of 10.0% is anticipated for the wealth management platform market. By 2033, the market for wealth management platforms is expected to have grown from US$ 3.3 billion in 2023 to US$ 8.56 billion.

The market picture is improving as a result of the explosion of global digitalization. In order to boost production and profitability, the wealth management platform assists businesses in learning more and making better decisions.The market is growing because trading and exchange organisations use the product extensively to manage large numbers of clients, understand the financial portfolio process, and access trading accounts.

A boost to the market’s expansion is being given by several technical developments, such as the introduction of digital wealth management platforms that give financial firms access to new integrated tools and data-driven analytics.

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Artificial intelligence (AI) is being integrated to efficiently manage investment preferences, and offer individualized and carefully curated advice for clients, which is positively boosting the market growth.

The market for wealth management platforms is expected to expand as a result of increasing smartphone saturation, technological advancements, increased use of and interest in smart gadgets, and other factors.

Wealth management solutions may also help HNWIs better structure their wealth management objectives by using a variety of analytical methodologies. Modern advising technology adoption is gaining traction.

For instance, the HNI and UHNWI categories in India have increased dramatically in the preceding decade, fuelling demand for wealth management services, according to a September 2021 report from the India Brand Equity Foundation (IBEF).

Key Takeaways from Market Study

The big market share for wealth management platforms is held by North America and with a revenue share of US$ 1.0 billion in 2022. In North America, wealth management services are increasingly important for attracting and keeping successful retail customers.

During the prediction period, it is predicted that Asia Pacific is likely to expand significantly with a rate of 8.4% due to the region’s growing use of digital platforms, and economic consultants are expected to have strong job chances.

In 2032, the wealth management platform market in Europe is estimated to account for 20% of total revenue. This expansion needs to be aided by wealth managers’ adoption of Environmental, Social, and Governance (ESG) frameworks into their investment strategies. As the need for AI-enabled investment solutions increases, banks, wealth managers, and other financial institutions throughout the area are implementing wealth management platforms.

In 2022, the end-user segment for banks accounted for 30% of the market share for wealth management platforms. Due to high-net-worth professionals’ demand for a better customer experience and individualized care, wealth management platforms are growing in popularity.

The asset management sub-segment of the service type sector is predicted to earn the most income over the projection period, followed by financial planning, tax planning, estate planning, and others. By 2028, the asset management market is expected to generate revenues of US$ 224.92 billion, up from US$ 142.35 billion in 2020, with a 7.2% CAGR.

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Competitive Landscape

The market participants plan to increase the size of their customer bases by acquiring new clients, growing their current clientele, releasing new products, expanding their technological leadership through ongoing R&D investments, and expanding internationally through partnerships and collaborations.

Latest Developments in the Wealth Management Platform Market

To transform its core banking systems and support the bank’s expansion plans in the United States, BMO Harris Bank expanded its partnership with FIS, a provider of financial service technology, in June 2021.

In January 2021, D-fine and Avaloq worked together to implement and upgrade projects in Switzerland and Germany by utilizing D-strong fine’s technical capabilities and in-depth knowledge of banking regulation.

Key Companies Profiled

SS & C Technologies, Inc.
Fiserv Inc.
FIS
Profile Software
Broadridge Financial Solutions, Inc.
InvestEdge, Inc.
Temenos Headquarters SA
InvestCloud
SEI Investments Company
Comarch SA
Dorsum Limited
Avaloq Group AG

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Key Segments Covered in the Market Report

By Advisory Mode:

Human Advisory
Robo Advisory
Hybrid
By Deployment Model
On-premise
Cloud

By Application:

Financial Advice & Management
Portfolio
Accounting & Trading Management
Performance Management
Risk & Compliance Management
Reporting

By End-use:

Banking Investment Management Firms
Trading & Exchange Firms
Brokerage Firms

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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