Market Research Blog – Page 3235 – New Product Development

Burma Tourism Market Set to Soar with a Projected US$ 1.52 Million Upswing by 2032 | FMI

The Burma tourism market is poised to reach a valuation of US$ 1.02 Million in 2022. Sales are projected to increase at a 2% CAGR, with the market size reaching US$ 1.52 Million by 2032.

The Myanmar’s government has stated that it will invest 500 million USD to modernize its tourism infrastructure. The Asian Development Bank and the Norwegian government will work together to carry out the strategy.

Creating a Tourism Executive Coordination Board to house numerous tourism-related agencies is the cornerstone of the growth plan. New police infrastructure for tourists is also described in the plan. The 38 projects in Myanmar’s development plan are aimed at all forms of transportation. The Mandalay and Nay Pyi Taw airports’ capacities will be emphasized in order to promote greater air travel by tourists.

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The Bagan river port will have upgrades in order to attract more cruises. Of course, plans also call for adding extra highways in places with a high tourist density.

The Myanmar Tourism Master Plan has six strategy programs. The strategies include enhancing destination planning and management safeguards and procedures, enhancing human resource capacity and promoting service quality, developing high-quality goods and services, enhancing connectivity and infrastructure related to tourism, and enhancing the image, position, and brand of Tourism Myanmar.

There are a number of beneficial social effects of tourism. Tourism may have an impact on local residents’ life objectives and open up options for business ownership. Additionally, a brand-new tourism facility could boost the people’ capacity to impact various political issues. If the community is taken into account throughout the design process a more sustainable solution might be devised where customs and It is possible to incorporate customs and foster cultural pride. The inhabitants of the host country may feel more confident and proud of its inter cultural interactions.

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Key Takeaways:

The Covid-19 pandemic had a 100% impact on the value of the Burma Tourism market.
Cities like Mandalay and Yangon, religious sites in Bago, Pindaya, and Mon State, and nature trails in Putao, Kengtung, and Inle Lake are among the most visited places in Burma.
Leading players in the Burma Tourism market are estimated to account for approximately 1%-4% of the total market share.
By booking channel, the online booking segment is anticipated to hold a noteworthy share of 51%.
In terms of age group, demand in the 26-35 segment will continue gaining traction through 2032.
Based on tourist type, domestic tourist segment will remain high over the forecast period.

Who is winning?

Leading players of Burma Tourism are focusing on promotional strategies and advertising popular tourist destinations in Burma Tourism to improve sales in the market.

Major players present in the Burma Tourism market

EMH Tours & Travel group
Aitken Spence Travel
Intrepid Travel
Legend Travel
Asia Focus Travel and among others

Burma Tourism Market by Category

By Tourism Type:

Cultural & Heritage Tourism
Medical Tourism
Eco/Sustainable Tourism
Sports Tourism
Wellness Tourism
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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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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Broadcast Equipment Market Soars: Projected to Reach US$ 8.1 Billion by 2032 with a Remarkable CAGR of 5.8%

The broadcast equipment market is poised for significant growth, with experts projecting its value to surpass an impressive US$ 8.1 billion by the year 2032. This anticipated expansion is expected to be driven by a remarkable Compound Annual Growth Rate (CAGR) of 5.8%.

Sales of broadcast equipment and technology have increased as a result of escalating demand for high-quality video and audio. In recent years, IP live-production technology has advanced. It came about as a result of content produced in 4K and UHD formats.

The USA broadcasting equipment market would outpace a valuation of US$ 2.5 billion by the end of 2032. TV Broadcasting Equipment to Witness High Demand in the United Kingdom with Set up of Research Facilities. China would outpace a broadcast equipment market size of US$ 693.4 million by 2032.

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For better viewing, these were transmitted in the same format. In order to record live, it is necessary. Flexible and efficient system control is required worldwide.

The market is rising as a result of technical advances. Owing to these factors, broadcasters are nowadays required to provide UHD output to their premium subscribers.

Sales of broadcast equipment would also be pushed by the expansion of digital channels. The growing application of cutting-edge broadcasting technologies would also push sales. A few technologies include 4K and 8K video quality for general news coverage and sports news, respectively.

The market may be hampered by digital audio and video formats’ quick evolution. Standards for digital formats and compression methods evolve with each new advancement in digital technology.

The adoption of high-definition material is a result of explosive growth in demand for broadcast equipment. Digital broadcasting is replacing analogue transmission among consumers.

In order to broadcast audio and video, encoders are employed. Typically, these transform analogue or digital footage into another digital video format. They facilitate the transfer of the video to a decoder.

A new video encoding device is the Cisco Digital Media Encoder 2200, for instance. It is a multiprocessor and audio device of studio caliber. It offers digital media streaming on demand.

It further provides live streaming over an IP network. As a result, there will be a high demand for encoders for broadcasting as audio and video encoding needs increase.

Key Takeaways from Broadcast Equipment Market Report:

The global broadcast equipment market would witness 5.1% CAGR in the forecast period.
North America would reach a valuation of US$ 3.25 billion by 2032.
The USA broadcasting equipment market would outpace US$ 2.5 billion by 2032.
The United Kingdom broadcast equipment market would expand at a CAGR of 3% from 2022 to 2032.
China would surpass a broadcast equipment market size of US$ 693.4 million by 2032.

Competitive Landscape:

There are numerous businesses that create products for broadcast equipment worldwide. The level of competition among these businesses would depend on their costs, reputation, or clientele.

By partnering with regional players, significant corporations are concentrating on increasing their geographic reach. A few others are working together and merging businesses to improve their situations.

For instance:

In November 2021, Belden Inc. collaborated with Gravita Media to provide broadcasting infrastructure solutions. It would provide these to four locations in Qatar for the broadcast of FIFA World Cup 2022. The broadcast will be in 4K HDR. It will allow production teams to directly plug and play. Gravita Media will supply to multiple broadcasters such as BBC Wales and Fox Sports USA.
In January 2021, Evertz Technologies Limited acquired Studer. The latter is an audio brand from Harman International. The iconic brand would help Evertz to better serve its clients in the broadcast market.
In March 2020, Datum Systems released highly advanced Elements M7D Multi-Demod. It supports 64 Rx-channels. All of them are equipped with a single unit rack space.

Leading Key Players:

Cisco Systems Inc.
LM Ericsson
Evertz Microsystems Ltd
EVS Broadcast Equipment SA
Grass Valley
Harmonic Inc
AvL Technologies
ETL Systems Ltd
Global Invacom group Ltd

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Broadcast Equipment Market Segmentation:

By Technology:

Analog Broadcasting
Digital Broadcasting

By Product:

Dish Antennas
Switchers
Video Servers
Encoders
Transmitters and Repeaters

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Light Emitting Diode (LED) Backlight Display Market Surges Towards Projected US$ 141.0 Billion Valuation by 2033

The light emitting diode (LED) backlight display market would grow at a 6.9% CAGR from 2023 to 2033. It would be worth US$ 141.0 billion in 2033. It would be worth more than US$ 72.1 billion by 2023.

LED lighting utilizes less energy and has a long lifespan. It has strong illumination and doesn’t flicker. LED producers are concentrating on adding new features in order to draw customers. Wi-Fi, proximity sensors, and natural lighting are just a few of the new capabilities.

By 2033, backlit display sales would expand thanks to light-emitting diodes (LEDs). It is attributed to the organization of outdoor events including sporting contests, musical performances, and political meetings. Moreover, live video would be necessary for brand endorsements and product launches.

Important businesses are launching new items to suit the high demand from their customers. Creators’ Experience, for instance, was created by Nike and W+K Lodge.

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It is a company that focuses on cutting-edge technologies such as virtual reality and artificial intelligence. It makes use of object tracking and projection technology. Based on a decision made on the video wall, it can display sneakers in various designs.

Despite difficult environmental conditions, outdoor LED screens are designed to convey information in an aesthetically pleasant manner. They include rain, sleet, and extremely hot weather.

Key Takeaways from Light Emitting Diode (LED) Backlight Display Market

Asia Pacific LED backlight display market will reach US$ 68.52 billion in 2033.
The USA LED backlight display market would create an opportunity of US$ 10.7 billion in the next ten years.
Japan’s LED backlight display market will top US$ 21.9 billion by 2033.
Based on application, the home segment would showcase a 6.7% CAGR in the estimated period.
China LED backlight display market would reach US$ 35.6 billion in 2033.

Competitive Landscape:

There are both large- and small-scale competitors in the market. There is fierce competition in the market. To design and produce LED displays for both indoor and outdoor use, they are investigating new ideas.

On the basis of current technologies, they are creating cutting-edge LED video panels and displays. Leaders in technology such as Sony Corporation and Samsung will soon broaden their horizons and do research.

For instance,

In March 2020, Unity Opto Technology invested US$ 64 million to set up 6 production lines. These production lines will be used in the manufacturing of mini LEDs and micro LEDs.
In June 2019, Apple Inc. launched a 32-inch HDR display at WWDC 2019. It was launched under the name of Pro display XDR. It adopts a direct LED backlight. Pro display XDR is a 32-inch 6K LCD monitor. It has a resolution of 6016*3384. It has 1600 nits peak and 1000 units sustained brightness. It also has a contract rate of 1000000: 1. It has a direct backlight system. It further has 576 blue arrays and 12 controllers. These can be used in order to control local dimming.

Leading Key Companies:

Samsung
NICHIA
LG Innotek
Epistar
Lumileds
Seoul Semiconductor
TOYODA GOSEI
Unity Opto Technology
Shenzhen Refond Optoelectronics
Foshan NationStar Semiconductor

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Get More Exclusive Insights into Light Emitting Diode (LED) Backlight Display Market Study

Future Market Insights, in its new offering, presents an unbiased analysis of the light emitting diode (LED) backlight display market, presenting historical market data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study reveals extensive growth in the light emitting diode (LED) backlight display market in terms of type (small sized LED backlights, mid & large sized LED backlights), application (home, communication), and region.

Light Emitting Diode (LED) Backlight Display Market Segmentation:

By Type:

Small Sized LED Backlights
Mid and Large Sized LED Backlights

By Application:

Home
Communication

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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

Contact Us:

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High-Performance Computing Market Predicted to Surge: Anticipates Impressive CAGR of 7.5% to Hit US $107.48 Billion by 2033

The high-performance computing market is on a rapid rise, with a projected impressive annual growth rate of 7.5% between 2023 and 2033. By the end of this period, it is expected to reach an astonishing US$ 107.48 billion, reflecting its remarkable expansion and importance in various industries.

Demand would expand with the IT sector’s ongoing expansion and diversification. Hybrid high-performance computing devices would become popular. It would help to open up new business prospects.

High-performance computing solutions will be used by the government, military, and utility industries. They can process enormous amounts of data in academic settings.

Increasing usage of technology in federal tasks will propel the need for high-performance computing. It will be also utilized in tasks that call for complex problem-solving.

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It is a field with considerable investment and strong demand. Future funding and recognition for it would be greater than before. Its usage would surge in commercial, business, and governmental applications in 2032.

High cloud computing use will hasten expansion. Governmental digitalization measures would further increase revenues.

The government of the United Arab Emirates began putting digital transformation objectives into practice. Several of these are referred to as Smart Dubai and Smart Abu Dhabi.

These activities would increase the demand for high-performance computing. They would also promote the use of cloud computing.

Due to the pandemic, a new method of working from home was introduced globally. This system has benefited from the high-performance computing industry. Several processor power restrictions have been addressed.

There are growing opportunities for high-performance computing in USA-based industries. It allowed companies and sectors to rethink their products and services. But, to use thousands of servers, a significant capital investment is required. It costs money to attach devices to a single platform and handle enormous amounts of data.

Such complicated systems need large operating expenditures (OPEX) to maintain their functionality. That might reduce the HPC market share globally. The system has a significant setup and maintenance cost.

Key Takeaways from High-Performance Computing Market Report:

By 2032, the USA high-performance computing market is anticipated to reach US$ 19.4 billion.
In the anticipated time frame, the hardware component segment will expand at a CAGR of 4.3%.
By end use, the life sciences and healthcare category would exhibit a CAGR of 4.2% from 2022 to 2032.
The high-performance computing market share expanded at a CAGR of 5.2% between 2017 and 2021.
China high-performance computing market size is set to reach US$ 5.3 billion by 2032.

Major Key Players:

Hewlett Packard Enterprise Development LP
Dell Inc.
Atos SE
Advanced Micro Devices, Inc
Microsoft
Amazon Web Services, Inc.
Cisco Systems, Inc.
Fujitsu
Intel Corporation
IBM

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High-Performance Computing Market Segmentation:

By Component:

Servers
Storage
Networking Devices
Software
Services
Cloud
Others

By Deployment:

On-premise
Cloud

By End-use:

Banking, Financial Services, and Insurance (BFSI)
Gaming
Media & Entertainment
Retail
Transportation
Government & Defense
Education & Research
Manufacturing
Healthcare & Bioscience
Others

By Region:

North America
Europe
Asia Pacific
Latin America
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:

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Microduct Market Sees Promising Future with Forecasted 12.1% CAGR, Targeting US$ 17.36 Billion by 2033

The global microduct market is poised for remarkable growth between 2023 and 2033, targeting a substantial market value of over US$ 17.36 billion, with a strong annual growth rate of 12.1%. This industry is expected to thrive in the coming decade, offering promising opportunities for businesses and investors.

The use of cloud computing is growing rapidly because more and more people want to keep their data safe and find it convenient to access their information. Microducts play a crucial role in helping the servers that power cloud computing work efficiently. So, as the demand for cloud computing continues to rise, it’s expected that more microducts will be sold in the future.

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In recent times, a lot of companies have started adopting remote working policies. The application of microduct assists in handling the servers by providing better installation routes. This can be attributed to their ability to act like cable management systems.

One of the primary benefits of the microduct is that it reduces capital expenditure and acts as a protective sheath for fiber optic cables. This is especially crucial for the Information Technology market. Therefore, the US$ 8 trillion Information Technology market is no less than a goldmine.

The lifecycle associated with microduct is quite high, and this might assist in reducing the cost over the course of time. The microduct also helps in increasing the network capacity, and this helps in serving numerous users simultaneously. However, the market growth might be plagued owing to fluctuating prices of raw materials and high maintenance costs.

The FMI analysts are of the view that the ‘surging Information Technology market and cloud computing market, the ability to assist in remote working conditions, providing a protective layer to the fiber optic cables, higher life cycle, and numerous other factors are expected to surge the microduct market growth.’

Key Takeaways from Microduct Market Report:

The market is expected to register a CAGR of 12.1% between 2023 and 2033.
In 2023, the market size is expected to reach a valuation of US$ 5.54 billion.
By 2033, the numbers are expected to breach the mark of US$ 17.36 billion.
On the basis of regional analysis, Asia Pacific is expected to be the dominant market. North America is expected to be the significant market in terms of CAGR.
The United States market is expected to grow owing to a huge Information Technology market.
Growing trend of remote working is projected to surge the market growth across Europe.
Japan market is expected to be driven by a huge telecom sector.
South Korea being synonymous with a mammoth fiber optic cable market, represents bright prospects for the market.
On the basis of type, the flame retardant segment is expected to hold the leading market share.
On the basis of application, the FTTX segment is expected to hold the dominant market share. As per the CAGR, the data center segment is expected to hold a significant position.

Competitive Landscape:

The key players operating in the microduct market are expected to invest in profitable mergers and acquisitions. The strategy is also to invest in marketing activities in order to capture a significant chunk of the market.

With manufacturers seeking to act responsibly to reduce carbon emissions, sustainable development initiatives are expected to be part of a long-term strategy. The manufacturers are putting millions of dollars into implementing the latest technology to increase the efficiency of production.

Key Players:

Hexatronic
Emtelle
Egeplast
Primo
Prysmian Group
Datwyler Holding Inc.
Clearfield Inc.
Spur A.S.

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Microduct Market Segmentation:

By Type:

Direct Install
Direct Burial
Flame Retardant

By Application:

FTTX Networks
Other Access Networks
Backbone Networks
Data Center Application
Others

By Region:

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

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

Logistics Robots Market Forecasted to Reach US$ 38.13 Billion by 2033, Propelled by a Robust 16.5% CAGR

The logistics robots market is anticipated to strengthen its space at a strong CAGR of 16.5% between 2023 and 2033. The market is anticipated to cross a market share of US$ 38.13 billion by 2033, while it is likely to be valued at US$ 8.28 billion in 2023.

The proliferated e-commerce sector, along with the integration of advanced technology like artificial intelligence and machine learning, is fueling the market growth. Furthermore, small-sized businesses and advanced delivery options are also propelling the sales of logistics robots.

The Covid-19 pandemic pushed the idea of contactless delivery and the use of robots in the packaging sector. Along with this, the expanding automation across the industries along with automotive and pharmaceutical industries gains traction in the market.

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Integration of AI and Expanding E-Commerce Sector is Fuelling the Logistics Robots Market Growth. FMI predicts a strong CAGR of 16.5% for 2023-2033. Advent of industry 4.0 into logistics and warehousing and growth of logistics robots in developing economies would open new opportunities in the future.

The increased warehouses with a higher load of goods are opting for logistics robots to transport, ship, move, and analyze the product’s bar code. The overall goal of reducing the operational cost of logistics and transportation coupled with the association of humans and robots is likely to enhance productivity and deliverance.

Companies like Amazon and Walmart are replacing the labor force with robots to increase accuracy and speed up operations. These platforms have also started using robots for faster product deliveries, transportation, and packaging.

Key Takeaways from the Logistics Robots Market Report:

The North American market holds the dominant space in the logistics robots market. The market growth is attributed to the booming e-commerce along with the origin of small and medium-sized businesses experimenting with production, transportation, and packaging operations.
The United States, with the presence of eCommerce giants like Amazon, eBay, Etsy, and Walmart, is implementing logistics robots in their warehouse operations
The Asia Pacific location analytics market is also an important regional market. The regional growth is attributed to the rapidly growing economies, and China is increasing its robot density to increase the sales of logistics robots.
Europe, with higher penetration of robotics in the automotive sector, along with the increased production units and warehouses, is gaining traction in the regional market.
The transportation segment is likely to thrive in the application type category as it flourishes on factors like higher consumption, easy movements, and the addition of new transportation channels.
The eCommerce segment tops the industrial category. The growth of this segment is fueled by warehouse automation, drone-based deliveries, and other features.

Leading Key Players:

ABB Ltd (Switzerland)
KUKA AG (Germany)
Toyota Industries Corporation
Fanuc Corporation
Yaskawa Electric Corporation
Kion Group Ag
Toshiba Corporation
Krones AG
Kawasaki Heavy Industries Ltd. (Japan)
Omron Corporation (Japan)

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Logistics Robots Market Segmentation:

By Type:

Automated Guided Vehicles
Autonomous Mobile Robots
Robot Arms
Others (UAVs)

By Application:

Palletizing & De-palletizing
Pick & Place
Transportation
Others (Shipment & Delivery)

By Industry Verticals:

E-commerce
Healthcare
Retail
Food & Beverages
Automotive
Others (Consumer Electronics)

By Region:

North America
Latin America
Europe
Asia Pacific (APAC)
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.

Contact Us:

Nandini Singh Sawlani

Location Intelligence Market: Robust CAGR of 15.8% Foreseen, Set to Surge to US$ 81.74 Billion by 2033

The location intelligence market is expected to experience impressive growth, with a remarkable Compound Annual Growth Rate (CAGR) of 15.8% projected from 2023 to 2033. This suggests that the market for location-based data and insights is set to expand significantly over the next decade, offering valuable opportunities and insights for businesses and industries worldwide.

In the banking, financial services, and insurance (BFSI) industry, location intelligence is becoming more popular for detecting fraud, highlighting legitimate charges, and advertising unique offers. Commercial venues like stadiums, resorts, and airports also offer way-finding alerts, quicker product delivery, and efficient queue management to improve the consumer experience.

As a result of increasing awareness of its benefits, location intelligence is increasingly being used in charging stations for Electric Vehicles (EVs), 5G networks, and drone analytics. The education and training sector requires professionals who are capable of selecting health clinic sites and improving recruitment processes.

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The increasing popularity of location-based applications and web mapping services is expected to accelerate market growth. As more businesses around the world are seeking predictive analysis tools and utilizing spatial data. As a result, this market is expected to grow rapidly. Also, social media is becoming increasingly popular as a means of engaging with customers and providing direct feedback.

Key Takeaways from Location Intelligence Market Report:

The location intelligence market is expected to record a CAGR of 15.8% over the forecast period.
It is estimated that the location intelligence market in North America is expected to remain strong during the forecast period, with 33% of total revenue.
Sales & Marketing Optimization applications is likely to dominate the global market with a share of more than 19.5%.
The system integration category segment dominated the industry and accounted for over 45% of the total market revenue.
It is expected that the market in China is likely to demonstrate a high level of growth by 2033.

Leading Key Players:

Autodesk Inc.
Tibco Software Inc.
ESRI
MDA Corporation
Trueposition Inc.
Bosch Software Innovations GmbH
Qualcomm Technologies Inc.
Wireless Logic
HERE Technologies
Trimble Inc.
Supermap Software Co. Ltd.
Navizon Inc.
Pitney Bowes Inc.

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Recent Developments:

In January 2023, Incognia, a location identity organization, launched an innovative feature called Suspicious Locations. This enhanced feature uses precise location signals to identify suspicious locations by combining them with devices. According to the company, suspicious locations are places where perilous devices gather.
Trimble collaborated with Infotech in April 2022 to streamline the civil infrastructure inspection process by integrating Trimble’s Access field software with Infotech’s Appia service. By integrating Trimble’s Access field software with Infotech’s Appia service, this collaboration was intended to simplify the inspection process. It would also streamline the workflow from survey to construction by providing precise measurement workflows.
With PrecisionHawk’s advanced artificial intelligence combined with Esri’s ArcGIS technology, Esri and PrecisionHawk entered a partnership in March 2022, and brought geospatial intelligence to the world. By integrating PrecisionHawk’s AI with Esri’s ArcGIS technology, location intelligence becomes more relevant, accurate, and useful.
In March 2022, Autodesk released the updated collaboration capability Autodesk Bridge. With this product, teams can share files, sheets, folders, and other relevant information within any project. The streamlined solution eliminates the need for manual data transfer and management.
FieldLink MR, a mixed-reality solution from Trimble, was launched in February 2022. By using an innovative way to conduct construction layouts, staff can navigate to tasks on the job site more efficiently in less time with this updated solution. It is compatible with Trimble XR10 and HoloLens 2

Location Intelligence Market Segmentation:

By Vertical:

BFSI
Government & Defense
Retail & Consumer Goods
IT & Telecom

By Application:

Workforce Management
Asset Management
Facility Management
Risk Management
Remote Monitoring
Sales & Marketing Optimization
Customer management

By Service:

System Integration
Consulting

By Region:

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

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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Backpacker Gears Market Dynamics: Forecasting US$ 1,770.44 Million Revenue by 2032 with 7% CAGR Surge | FMI

The global backpacker gears market is estimated at approximately US$ 900 Million in 2022 and is projected to reach US$ 1,770.44 Million by 2032, at a CAGR of 7.0% from 2022 to 2032. The share of backpacker gears market in its parent market (Hiking & Equipment Market) is approximately 10% to 15%.

Customers’ shifting priorities toward living healthier lives, for their mental health, or to relax from a hectic lifestyle have prompted the market for backpacker gear to expand. The market for backpacker gear is being driven by the growing connection of young people, particularly millennials, with activities like biking, camping, and new events or campaigns of trekking and hiking.

To cater to the needs and expectations of travelers the companies are investing in research and development for building an innovative product that will give comfort and will be convenient while traveling.

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Biolite company manufactures a traveling burner called Campstove 2+ with advanced technology. The device has an onboard battery of 3200 mah that can charge the device. The main feature of this burner is it generates electricity from the heat of the burner. Then it’s even lightweight so travelers can carry this product while traveling, hiking, etc. Besides this, there are various other products like ultra-light led trends, electric portable bag packs that charge with the movement of a traveler, flash cooking systems, clothes with liners adaptive to changing environments, and many more from other manufacturers of the market.

As such, the backpacker gears market is estimated to expand at a CAGR of over 7.0% throughout the forecast period of 2022-2032, to be valued at US$ 1770.44 Million by the end of 2032.

Key Takeaways from the Backpacker Gear Market Study

The innovative product launch from leading manufacturers of backpacker gears in going to evolve market trends. With new and innovative technology such as lightweight gears, gps enhanced bags, eco-friendly gears are attracting the customers in the market.
North America is the largest market for backpack gears. According to Outdoor Foundation report in year 2020, over 7 million above age 6 American have participated in at least one outdoor activity. With overwhelming participation in outdoor activities create better market opportunity for backpacker gear market.
The key market players making strategic alliance with key online retailers is driving the sales for backpacker gears in the market. For instance, in the year 2018 the Walmart acquired the leading outdoor retailer Moosejaw selling high end brand of backpacker gears in the market.

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Who is winning?

Leading manufacturers of backpacker gears market are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of faith based tourism globally.

Major players present in the Backpacker Gears Market

VF Corporation (The North Face)
Decathlon
Trek kit
Mountain Hardware
Black Diamond Equipments ltd.
Amer Sports
Newell Brands
Woodland
Mont-Bell Co. Ltd.
Rebook
Craghoppers
Wildcraft
Quechua
Columbia Sportsware Co.
Sierra Designs
Tatonka GmbH
ACE Cultural Tours
Outside Interactive, Inc.
Patagonia Inc.

Global Backpacker Gears Market By Category

By Type, Global Backpacker Gears Market is segmented as:

Clothes
Footwear
Backpacks
Equipment
Others

By Application Global Backpacker Gears Market is segmented as:

Trekking
Hiking
Rafting
Camping
Skiing
Others (Biking, etc)

By Distribution Channel, Global Backpacker Gears Market is segmented as:

Speciality Stores
Retail Stores
Online

By Consumer Orientation, Global Backpacker Gears Market is segmented as:

Men
Women
Children

By Age Group, Global Backpacker Gears Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years

By Region, Global Backpacker Gears Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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UK Cruise Tourism Market Forecasts US$ 19.5 Million Revenue by 2032 | FMI

The UK cruise tourism market is estimated to reach US$ 14.0 Million in 2022. As per the report, sales are forecast to increase at a robust 9.0% CAGR, with the market valuation reaching US$ 19.5 Million by 2032. When combining traditional vacation package and cruise sales, agency’s own 67% of the market.

Due to the impact of covid-19 the market is effected by 70%. Various strategies are implemented to UK cruise industry to boost the market by providing travelers different tour packages. Travelers who are eagerly waiting for the travel opportunities after the covid-19 pandemic. There are many new cruises are launch in 2022 that are more contemporary feel in décor and interior, to make it more fashionable.

The motivation after this transition is to attract the younger crowd. Travelers are interested in adventures like kayaking, scuba diving, fishing, hiking, campaigns, and other activities also. The Cruise Lines International Association reviews that cruise enterprise contributes $10 billion to the UK financial system every year and helps to give employment to 80,000 jobs. These figures consist of direct and indirect economic output and employment. For examples, it consists of port services and other facilities like meals intake in cruise ships.

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Moreover, if you want to make bigger variety of enterprise and additionally to make contributions to the prevention of environmental changes, the pinnacle gamers with inside the UK cruise market place are growing new ships as a way to be eco-friendly. These new ships will now no longer emit greenhouse gases and consequently assist in saving stopping the pause in boundaries in crushing because of ordinary herbal disasters. This may also attract the attention of travelers who care about the environment and this increase the opting for cruise travels.

Key Trends Shaping the UK Cruise Tourism Market

Sustainable Cruising: Environmental consciousness has become a cornerstone of the UK cruise industry. Cruise lines are increasingly adopting eco-friendly technologies, from advanced waste management systems to energy-efficient propulsion. This shift aligns with the growing demand from environmentally conscious travelers, influencing their choice of cruise experiences.
Digital Transformation: Technology is reshaping the cruise experience in the UK, with the integration of digital solutions for seamless onboard experiences. From contactless check-ins to smart room controls, cruise companies are leveraging technology to enhance guest satisfaction, operational efficiency, and safety protocols, reflecting the broader digitalization trend in the travel industry.
Personalized Experiences: Customization is a rising tide in the UK cruise sector, with cruise lines tailoring experiences to meet individual preferences. From curated shore excursions to personalized dining options and entertainment choices, the industry is investing in understanding and meeting the unique needs of diverse passenger demographics.
Health and Wellness Cruises: Post-pandemic, health and wellness have become paramount for travelers, leading to a surge in demand for wellness-focused cruise experiences. UK cruise lines are responding by incorporating dedicated wellness programs, spa services, and fitness activities, creating a holistic approach to cruising that aligns with the wellness movement.

“Strategic planning and recreational activities are needed for adaptive tourism to attract the travelers to became more demanding in tourism “Says an FMI analyst.

Key Takeaways:

Based on tourism type, eco/sustainable tourism are predicted to account for a dominant share of 67% in the market through 2032.
By booking channel, the online booking segment is anticipated to hold a noteworthy share of 58%.
In terms of age group, demand in the young travellers will continue gaining traction through 2032.
Best time for the UK cruise destinations from late May to early September.
UK cruise travellers are more opt for package deals over the normal bookings.
Based on tourist type, domestic tourist segment will remain high over the forecast period.

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Leading players of UK cruise tourism market:

www.cruisedirect.co.uk
CruiseDeals.co.uk
Hays Travel
Bolsover Cruise Club
The Cruise Specialists
www.cruise1st.co.uk
Barrhead Travel Service Ltd

UK Cruise Tourism Market By Category

By Destination Type:

Mediterranean,
Canary Islands,
Norwegian fjords,
Scandinavia,
and Baltic

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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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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Global Street Vendors Market Positioned to Achieve US$ 8 Billion by 2032 – Sustained by Strong 6% CAGR | FMI

The street vendors market is estimated to reach US$ 2.5 Billion in 2022. As per the report, sales are forecast to increase at a robust 6% CAGR, with the market valuation reaching US$ 8 Billion by 2032.

A parallel world economy is operated by street sellers. They can be found anywhere, although they tend to congregate in crowded areas like bustling streets, byways, and public squares. They are a unique breed of independent business owners that are dominating the market with their classy manoeuvres, expanded market presence, mobility, and wide range of affordable items.

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The world’s markets are flourishing thanks to street vendors. While the vast shopping centres are stocked with pricey goods, these street vendors frequently supply the market with inexpensive goods, helping many people to live. The creation of self-help organisations that give these street vendors financial support is building a foundation for the expansion of the street vendor ecosystem. Since they contribute to the economy by spreading out the burden and creating jobs for the migrant population, many governments around the world have come to embrace their presence in the market. The expansion of street sellers is being aided by this emerging trend.

Key Takeaways:

In terms of area, rural areas segment are predicted to account for a dominant share of Travelers in the market through 2032.
On the basis of commodities, food products is anticipated to hold a major share in the market.

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Street Vendors Market by Category

By Vendor type, Street Vendors Market is segmented as:

Stationary
Peripatetic
Mobile

By Area, Street Vendors Market is segmented as:

Urban
Suburban
Rural

By Commodity, Street Vendors Market is segmented as:

Food
Cosmetics
Clothing
Daily necessities
Others

By Region, Street Vendors Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani