The brewing chiller market plays a vital role in the craft beer industry, ensuring efficient wort chilling – a crucial step in the beer-making process. Here’s a breakdown of the current market landscape, promising opportunities for manufacturers, and a peek into the future of this specialized segment.
Growth Opportunities for Manufacturers:
Focus on Craft Breweries: Develop a range of chillers specifically sized and priced for the needs of craft breweries, considering their often-limited space and budget constraints.
Energy Efficiency: With a growing focus on sustainability, breweries are looking for energy-efficient chillers that minimize operating costs and environmental impact. Manufacturers can develop chillers with features like variable-speed drives and eco-friendly refrigerants.
Integration with Brewery Automation: As breweries embrace automation, there’s an opportunity for chillers to integrate seamlessly with brewery management systems for automated control and data logging.
Portable Chilling Solutions: Develop portable chiller options for smaller breweries or those participating in events where a temporary chilling solution is required.
Rental Services: Explore offering chiller rental services to cater to breweries with seasonal demands or those hesitant about a large upfront investment.
The market is primarily driven by the growth of the craft beer industry. As demand for unique and flavorful beers surges, craft breweries of all sizes require reliable chilling solutions.
Two main chiller types dominate the market:
Glycol Chillers: These industrial chillers use a chilled glycol solution to cool the wort. They offer precise temperature control and are suitable for larger breweries.
Plate Chillers: These are more compact and cost-effective options that use chilled water or a refrigerant to directly cool the wort. They are popular among smaller breweries and homebrewers.
Future Trends:
Smart Chillers: The future might see the rise of “smart chillers” equipped with sensors and internet connectivity. These features would allow for remote monitoring, real-time performance analysis, and predictive maintenance.
Focus on Water Conservation: Water usage is a concern in the brewing process. Manufacturers could develop chillers with closed-loop water systems or air-cooled condenser options to minimize water consumption.
Rise of Alternative Cooling Technologies: Advancements in areas like magnetic refrigeration or cryogenics could lead to more energy-efficient and environmentally friendly chilling methods in the future.
The visitor identification software helps organizations maintain visitor data as they focus on managing visitors to their web pages. Proper management of visitor data permits enterprises to make informed decisions on how to approach customers so that they can become potential customers and, thereby, maximize revenue.
Based on the pricing model, the fixed pricing segment is predicted to grow at the fastest rate during the forecast period. The consumer durables & electronics segment has dominated the visitor identification software market over the past few years and is expected to dominate over the forecast period.
Web development is no longer a one-time activity for organizations. Based on the huge amount of data gathered by this software, organizations can make their websites better over time.
Using web analytics tools effectively helps companies choose the right analytics vendor, which ultimately reduces costs and increases revenue, consequently strengthening the design of the sites and making them more accessible.
Key Takeaways from the Visitor Identification Software Market Report:
The visitor identification software market is predicted to develop at a CAGR of 13.5% in the large enterprise section of the organization size category.
The CAGR for the fixed pricing segment of the pricing model method category in the visitor identification software market is anticipated to be 13.5% through 2032.
In the United States, the visitor identification software market is estimated to reach US$ 4.6 billion by 2032, rising at a CAGR of 13.8% throughout the forecast period.
By 2032, the visitor identification software market in the United Kingdom is expected to be valued at US$ 539.6 million, with a CAGR of 12.9% through 2032.
With a CAGR of 13.4% throughout the forecast period, China is expected to reach a market size of US$ 910.9 million in the visitor identification software market by 2032.
By 2032, Japan’s visitor identification software market is estimated to be worth US$ 742.6 million, growing at an annual rate of 12.4% through 2032.
With a CAGR of 11.5% throughout the forecast period, South Korea is predicted to reach a market size of US$ 429.3 million in the visitor identification software market by 2032.
Competitive Landscape: The visitor identification software market in the United States is expected to reach a revenue of US$ 2235.76 Million by 2027 due to a growing need among enterprises to maximize their revenue by offering customized solutions, managing web traffic, and increasing visitor numbers.
The mobile app segment is likely to grow more rapidly than the web-based segment based on the platform. Increasingly, businesses and residential facilities are turning to mobile app-based visitor identification software solutions to enhance security and digitize processes in building operations.
Mobile apps that provide visitor identification software market provide easy access to information about invites, visitors, personal sign-in, and more. The app allows users to avoid queues with fast QR code sign-in, view visitor details, manage employee details, and receive arrival notifications.
Leading Key Players: Among the companies operating in the visitor identification software market are Act-On Software, Inc., Zoho Corporation Pvt Ltd, KickFire, Clearbit, netFactor (bombora), SHARPSPRING, Upland Software, and Liidio Oy (lead feeder).
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.
During the assessment period, the global revivable yeast market would observe a CAGR of ~10% accounting for projected sales of USD ~100 Mn in 2032, according to the Future Market Insights report.
The availability of revivable yeast-bound products is rising in modern trade, convenience stores, and online retail. In view of the increasing availability of revivable yeast, the usage of revivable yeast as an ingredient is increasing. Due to high nutritional properties, consumption of revivable yeast is popular among health-conscious consumers.
The use of revivable yeast is increasing rapidly in food and beverage industry. Revivable yeast is used as a flavor enhancer, salt replacer, and meat-substitute in confectionery, bakery, dairy products, loaves of bread, and other food products. The number of vegan and vegetarian consumers is increasing due to which the demand for vegan food products is increasing which helps to boost the revivable yeast market. Due to social media sites, the awareness of the unique revivable yeast-based products is increasing among consumers.
The global consumption of revivable yeast enjoyed a year-on-year (YOY) growth of 9% between 2017 to 2021 to total sales of USD 36.3 million.
The use of revivable yeast is proliferating rapidly in the food and beverage industry. Revivable yeast is used as a flavor enhancer, salt replacer, and meat substitute in bakery, confectionery, dairy products, loaves of bread, and other food products.
Brewer’s yeast (Saccharomyces cerevisiae), a by-product of beer brewing and a popular kind of revivable yeast is a good source of B-vitamins and protein, it is widely utilized in drugs and medicines.
Brewer’s Yeast Market size is estimated to be $4.5 billion in 2022.
The revivable yeast powder form, largely used in the food and beverage industry will remain dominant over other forms of brewer’s yeast like tablet or capsule forms.
Along with natural and organic food products, the demand for natural and organic skin and personal care products using revivable yeast is rising rapidly.
Prominent manufacturers of revivable yeast in the market are located in developed countries from North America and Europe.
“Revivable yeast producers should focus on making the end-users and corresponding food and beverage market players more informed about the application of yeast and its advantages. They should opt for strategic alliances with firms in other industries of application like pharmaceutical and cosmetics. They should opt for technological advancement, new product developments, and production capacity expansion across all geographic locations,” – Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape
Leading brands are sold via traditional stores and retail chains in developed countries, and are easily available to consumers online too. However, in developing countries, the yeast derivatives are mainly sold via online retail channels to a limited end-users aware of yeast utilization or are exported, increasing the cost of the final product for consumers in developing regions.
Now, major manufacturers are focusing on starting their production units in developing countries which is increasing the access to yeast derivatives in developing countries. Direct consumers buy revivable yeast predominantly for its nutritional and gastrointestinal benefits. The number of nutritional deficient patients is more in developing countries because of which the producers of yeast derivatives are focusing on launching products in revivable yeast.
Key players in the revivable yeast market are Alltech, Lallemand, Lesaffre, Cypress Ingredients, Bioforce Canada, Bob’s Red Mill Natural Foods, NOW Foods, Quantum Nutrition Lab, Angel Yeast Company among others.
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.
As per Future Market Insights (FMI) analysis, the global consumption of eubiotics increased by year-on-year (YoY) rate of 6.7% in 2021 to total sales of US$ 2.68 Bn in the year. The overall demand for eubiotics represents 16.4% of the global animal feed market in 2021 and is poised to increase at 7.4%CAGR to reach a value of US$ 5.47 Bn in 2031.
The eubiotics market is emerging as antibiotic alternatives or animal antimicrobials by-product in the animal feed industry intended to boost livestock immunity and gut health while acting as livestock nutrition. Considering this, the increasing demand for animal feed additives and animal specialty drugs will result in high demand for eubiotics market.
controlling the rise of AMR (anti-microbial resistance) products at the global level:
According to research, almost 70% of the antibiotics used worldwide, are considered medically important for the livestock sector, but the application varies for each country and species of the farmed animal. Usage of antibiotics is considerably high in swine, on average, which is followed by poultry and ruminants. Though some of the manufacturers are no longer using AGPs (antibiotic growth promotors), instead of going for sustainable alternatives like eubiotics.
The EU Commission banned the use of (antibiotic growth promotors) in 2006, limiting the prophylactic use of antibiotics in farmed animals. The British Poultry Council as well, in 2017, adopted a voluntary ban on excessive use of AGPs, which was representing 90% of the broiler production in the UK.
This trend has increasingly spread across the globe since the EU leading the way back in 2006, followed by South Korea and Indonesia recently, as well as the FDA (US Food and Drug Administration) put to notice and discouraged the (antibiotic growth promotor) use.
Since eubiotics, such as prebiotics, probiotics, enzymes, and organic acids, can add the essential nutritional components to reduce the antibiotic use in farmed animals that can enable the industry to grow further. Key manufacturers like DSM are developing effective eubiotics solutions to reduce the prophylactic use of antibiotics and to remove AGPs to tackle AMR, to switch to antibiotic-free animal diets smoothly over time.
“The top manufacturers in the eubiotics market in emerging countries are increasingly inclined towards new innovative technologies for better and efficient product development with sustainable and effective solutions to antibiotics. This factor is owing to the high demand for eubiotics, shooting up the adoption of the product in the global market.” – Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways from the Eubiotics Market Study:
North American eubiotics market lead in terms of market share and accounts for 31.1% of the global eubiotics market in 2021 exhibiting high demand for the product with the presence of leading manufacturers in the region.
Organic acid is the dominant type of eubiotics having more antimicrobial and preservative effects as compared to other types of eubiotics. Organic acid accounts for a market share of 48.3% in 2021 of the global market.
In the form segment, the liquid form is anticipated to witness a lucrative growth rate with a CAGR of 7.8% during the forecast period (2021-2031) for the eubiotics market.
By function, nutrition and gut health is accounted for 37.9% of the total market share in 2021, while the segment is also expected to witness a lucrative growth rate of 7.5% during the forecast period.
In the livestock segment, aquaculture is anticipated to witness a lucrative growth rate with a CAGR of 8.1% during the forecast period (2021-2031) in the eubiotics market.
According to the Veterinary Medicines Regulation, published on December 11, 2018, the regulatory body has identified the need to control use of antimicrobial farm animal products and has put a ban on the prophylactic and metaphylactic antimicrobials usage in animals. The regulation will come into effect from January 28, 2022, forcing the manufacturers to convert the antibiotic based products into sustainable alternatives like eubiotics.
Some of the leading companies offering eubiotics are Cargill Inc., BASF SE, Koninklijke DSM N.V., Novozymes, Eubiotics, Lesaffre Group, Kemin Industries, Inc., Novus International, Inc., Chr. Hansen Holding A/S, Beneo Group, and others.
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.
The virtual private cloud market is expected to escalate at a CAGR of 12.8%, from US$ 38.8 billion in 2022 to US$ 129.6 billion through 2032. The market growth of the virtual private cloud market will be supported by key factors such as the cost-effectiveness of products, the rising volume of business data and connectivity trends, & the growing need for workers to access mobile applications and resources.
The virtual private cloud market is experiencing rapid growth due to the increasing demand from small and medium enterprises, the ever-increasing adoption of cloud-based services by large enterprises across different industry verticals, along the increased number of data breaches over a network that is primarily the result of unauthorized access by third parties.
Various government agencies have been investing heavily in the digitization of their operations to improve productivity and reduce operating costs through the implementation of efficient management practices, thereby expanding the use of virtual private clouds throughout most organizations.
Digital Business Models that have seen a rapid rise in popularity and implication, such as “as a service”, have played a significant role in fueling product innovation and development within VPC providers all over the world.
In addition to offering private cloud advantages, virtual private clouds provide safe intranet connectivity and data storage advantages in a public cloud environment.
Key Takeaways from the Virtual Private Cloud Market Report:
The virtual private cloud market is predicted to develop at a CAGR of 11.8% through 2032 in the software section of the component category.
The CAGR for the banking, financial services, & insurance segment of the vertical method category in the virtual private cloud market is anticipated to be 11.5% through 2032.
In the United States, the virtual private cloud market is estimated to reach US$ 5.3 billion by 2032, rising at a CAGR of 12.5% throughout the forecast period.
By 2032, the virtual private cloud market in the United Kingdom is expected to be valued at US$ 5.3 billion, with a CAGR of 11.8% through 2032.
With a CAGR of 12.1% throughout the forecast period, China is expected to reach a market size of US$ 9.2 billion in the virtual private cloud market by 2032.
By 2032, the virtual private cloud market in Japan is estimated to be worth US$ 7.5 billion, growing at an annual rate of 11.0% through 2032.
With a CAGR of 10.3% throughout the forecast period, South Korea is predicted to reach a market size of US$ 4.6 billion in the virtual private cloud market by 2032.
Competitive Landscape: There have been major gains in the global virtual private cloud market over the past five years in North America. The growing demand for VPCs in this region is due to the growing number of large enterprises involved across different industry verticals. Latin America is expected to grow at an impressive rate during the forecast period, recording the highest CAGR.
Due to their improved operational efficiency and security features, VPCs are in high demand from both small and large enterprises across a wide variety of industries, such as banking & finance, telecommunications, manufacturing, healthcare, etc. Europe holds the second-largest market share due to the demand from both small and large enterprises.
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.
The metal polish products market is predicted to register a 5.7% CAGR during the projection term (2022 to 2032) & projected to reach US$ 23.5 Billion by 2032. We expect that more people using metal mixes in furniture, machines and other things made of metal will greatly increase the market during this forecast period.
Metal surfaces are polished to remove impurities, prevent corrosion on tools, and prevent pipes from rusting. It also improves the appearance of anything and aids in the removal of oxidation.Products for metal polishing are used to remove oxidation from metal objects. This prolongs the metal’s life and prevents rusting.
A growing number of people are purchasing metal polish due to the prevalence of metal-using machinery, antique furniture, and vintage objects.Nothing beats metal polish for restoring the lustre and beauty of metal objects. Additionally, it removes rust since oxidised metal is unsightly, lacks shine, and is easily stained.
Rising consumer demand for a smoother microscopic surface, better reflection, high gloss and shine in metal products is a key contributing factor to the growth of the metal polish products market. The supply-side participants in the metal polish products market are engaged in the innovation of new products to cater to the consumer demand and thereby complement the growth of the metal polish products market.
Technological Advancements & New Product Innovation drive the Adoption of Metal Polish Products
The global metal polish products market has been registering rapid growth, owing to the use of different metal alloys in machinery, furniture and other metal products due to their cheaper cost and high efficiency. Metal polish products are available in different forms such as foam, tablet, gel, spray and liquid, depending upon the application.
The rising awareness about the availability of these products also complements the growth of the metal polish market. Metal polish products are used to safely clean, protect and shine metal surfaces without causing damage. Recently, a sudden hike in the demand for metal polish products has been observed, owing to their versatile nature, to remove tarnish, clean surface dust, prevent corrosion and surface rust and inhibit oxidation. Metal polish products find a wide range of applications in various metals such as silver, gold, aluminum, stainless steel, bronze, chrome, brass and more.
The key market participants identified across the value chain of the metal polish products market are Tri-Peek International Limited, Rubbedin cleaning products, Canadian Tire Corporation, Limited., California Custom Products Inc., Reckitt Benckiser Group PLC, S. C. Johnson & Son, Inc., Diversified Chemical Technologies, Inc., White Diamond Detail Products, Weiman Products, LLC., Wizards Products, Turtle Wax, Inc., Halfords Limited, Menzerna polishing compounds GmbH & Co. KG and Cyclo Industries, Inc., among others.
Opportunities for Metal Polish Products Market Participants
Globally, the metal polish market has been witnessing significant growth, owing to the rise in the demand for cleaning and polishing products. The market is governed by the innovation of new products, owing to advancement in technology, as a result of which the manufacturers of metal polish products market keep adding new products to their portfolios.
The supply-side participants of the metal polish products market are focussed on making their products more efficient and cost-effective. The emergence of e-commerce and the influence of TV commercials also play a major role in driving the growth of the metal polish products market during the forecast period.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, form, end-use & sales channel.
The study is a source of reliable data on:
Metal Polish Products Market segments and sub-segments
Metal Polish Products Market trends and dynamics
Supply and demand
Metal Polish Products Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Metal Polish Products Market: Segmentation
On the basis of form, the metal polish products market has been segmented as:
Liquids
Sprays
Gels
Tablets
Foam
On the basis of end use, the metal polish products market has been segmented as:
Households
Industrial
Metal Manufacturing
On the basis of sales channel, the metal polish products market has been segmented as:
Hypermarkets
Supermarkets
Independent Retailers
Multi Brand Stores
Specialty Retail Stores
Online Sales
Company Website
3rd Party Online Sales
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.
The cybersecurity insurance market is expected to reach US$ 11.5 Billion in 2022, registering a CAGR of 18.2% from 2022 to 2032. Growing security threats and financial losses are expected to push the market for cybersecurity insurance to US$ 61.2 Billion by the end of 2032. Business owners regularly purchase insurance policies to keep themselves protected from a variety of unforeseen circumstances, such as natural disasters as well as lawsuits brought by unhappy customers.
Businesses are implementing insurance policies in response to the rising risk of data breaches and cybersecurity risks. The insurance type segment is expected to be dominated by standalone insurance during the forecast period.
As businesses embark on their digital journey they face new opportunities and threats in the market. In addition, companies are being held to a higher standard of governance. Moreover, society as a whole is struggling to combat the rising impact of cyber incidents, such as ransomware, which is gaining traction.
Key Takeaways from the Cybersecurity Insurance Market:
By end user, cybersecurity insurance solutions are to be leveraged maximum by insurance providers, registering an 18% CAGR
The presence of major key players and the growth of IT business in the U.S. to push the market to US$ 21.3 Billion by 2032
Growing telecom businesses push the Chinese market at a CAGR of 17.5% from 2022-2032.
Global cybersecurity insurance market to yield an absolute value of US$ 49.8 Billion
The U.K. market is expected to grow at a CAGR of 17.1% during the forecast period.
Competitive Landscape: With the growth of cloud-based technologies and the adoption of cloud-based storage systems, the market is projected to grow in the future. Strategic partnerships can provide a company with the potential to expand its operational capabilities. Insurers provide smart and dynamic policies that can help recover a company’s financial losses in the market.
In September 2021, Microsoft announced a partnership with At-Bay, a pioneering cyber insurance company. The cyber risk that each company ensures is assessed by At-Bay through its modern approach to risk management. Customers are then given actionable insights on how to improve their security posture. Using improved policy terms and pricing to encourage the implementation of security controls has strengthened the overall security of At-Bay’s portfolio companies.
In January 2022, as part of its 2023 strategy, the Asian Investment Bank (AIB) and IBM signed an agreement worth €65 million over three years to accelerate the bank’s digital transformation, meet its customer-first commitment, and accelerate its transition to hybrid cloud technologies. IBM’s technology will help AIB expand its cyber resilience and fraud detection capabilities, ensuring the high quality and safety of its digital services.
Others (infrastructure services, implementation, and support and maintenance)
By Insurance Coverage:
Data Breach
Data Loss
Denial of service and downtime
Ransomware attacks
Others (third-party data, business disruption, and social engineering)
Cybersecurity Liability
Type
Source/Target
By Insurance Type:
Packaged
Stand-alone
By Organization Size:
Large Enterprises
SMEs
By End User:
Technology Providers
Insurance Companies
Third-party administrators, brokers, and consultancies
Government Agencies
Insurance Providers
Financial Services
IT and ITES
Healthcare and Life Science
Retail and E-commerce
Telecom
Travel, tourism, and hospitality
Others (Education, Manufacturing, Energy and Utilities, and Government)
By Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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.
The global proposal management software market is expected to reach US$ 6.7 billion by 2032, rising at a CAGR of 11.1% during the same period, according to Future Market Insights. The market’s expansion can be ascribed to the rising demand for business process automation and the fast digitization of organizations.
Also, the integration of modern technologies such as; AI-based tools is expected to offer remunerative opportunities to the market in the coming time.
In addition, the launch of new products in the market is likely to propel the market expansion in the forecast period. In August 2021, Frequency, a renowned advertising sales automation player and workflow software provider, disclosed the launch of SmartProposals.
A first-of-its-kind technology, SmartProposals applies real-time deal-close and campaign performance data to offer and augment local-market media campaign proposals. It analyzes millions of data points from a significant number of media campaigns to provide abled campaign proposals that strengthen media sellers to produce augmented revenue. Owing to such initiatives, the market is likely to flourish significantly in the forecast period.
Key Takeaways from the Proposal Management Software Market report:
The software segment to expand at a CAGR of 10.9% by 2032
The on-premises segment to exhibit a CAGR of 10.1% during the forecast period
Market in the U.S to secure a value of US$ 2.3 Billion by 2032
Chinese market to expand at a CAGR of 10.4% during the forecast period
South Korea to record a CAGR of 8.8% by 2032
Market in the U.K. to exhibit a growth rate of 10.1% in the assessment tenure
Competitive Analysis: Key players in the global proposal management software market are Microsoft, WeSuite, Icertis, Deltek, and GetAccept.
In August 2021, Deltek, an eminent provider of software and solutions for project-based solutions, disclosed that it had secured ArchiSnapper. The initiative would assist architects and engineers to make their business more efficient with better tool management services.
In March 2022, Deltek, a renowned provider of software and solutions for project-based businesses, and Qarbon Aerospace disclosed the accomplishment of enterprise-wide business systems transformation from Qarbon Aerospace’s legacy solution SAP to Deltek Costpoint.
More Valuable Insights: Future Market Insights, in its new offering, presents an unbiased analysis of the global proposal management software market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on component (software and services), deployment (on-premises and cloud), enterprise size (large enterprises and small and medium-sized enterprises), and vertical (government, retail and e-commerce, healthcare and life sciences, BFSI, transportation and logistics, manufacturing, telecom & IT and other verticals) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)
Proposal Management Software Market Segmentation:
By Component:
Proposal Management Software
Proposal Management Services
By Deployment:
On-Premises
Cloud-based
By Enterprise Size:
Large Enterprises
Small and Medium-Sized Enterprises
By Vertical:
Government
Retail and E-Commerce
Healthcare and Lifesciences
BFSI
Transportation and Logistics
Manufacturing
Telecom & IT
Other Verticals (Energy and Utilities, Media & Entertainment, and Education)
By Region:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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.
The industrial workwear market is anticipated to expand at a CAGR of 5.9% from 2023 to 2033, with a projected value of US$ 17,307.7 million in 2023 and US$ 30,758.3 million by 2033, according to recently released research from Future Market Insights (FMI). About 2% to 4% of the industrial workwear market is found in its parent sector, the apparel industry.
According to the survey, a lot has changed in the garment sector in just a decade.Businesses that produce workwear are investing more in order to provide higher-quality goods. They gain more clients as a result of this.
People will be more inclined to purchase work garments if they can stop perspiration and provide fire protection, among other functions.Better materials required for extremely demanding professions are also anticipated to boost sales of safety work apparel. This is particularly true for the mining and oil sectors, as well as the automobile industry and the construction of buildings such as homes and chemical plants.
Additionally, manufacturers in the industry are focusing on increasing needs of safety enabled as well as fashionable workwear. Growing preference for fashionable workwear is encouraging the manufacturers to invest in research and development to develop trendy workwear.
For instance, Lenzing’s introduction of Tencel, a cellulose fibre designed for use in industrial laundry. A Tencel/polyester blend, according to Lenzing, is perfect for industrial laundering.
Key Takeaways from the Industrial Workwear Market Study:
In terms of product type, top wear industrial workwear are expected to have a considerable revenue share.
Based on end-use industry, the services sector is expected to dominate the industrial workwear market through 2022 & beyond.
Online distribution channel is anticipated to be most preferred among end users on the back of growing penetration of e-commerce channel.
India is expected to lead the growth in South Asia industrial workwear market over the assessment period
The U.S. is projected to vanguard the sales in North America industrial workwear market during the forecast period
Top industrial workwear product manufacturers’ strong promotional techniques, marketing, and new product debuts have fueled global sales growth.
WATTANA GmbH
Carson GmbH
HB Protective Wear GmbH & Co. KG
SIMLOC
engelbert strauss GmbH & Co. KG
3M Company
VF Corporation
Ansell Ltd.
Aramark Corporation
Honeywell International Inc.
Carhartt Inc.
Alsico NV
A. LAFONT SAS
Others (as per request)
Global Industrial Workwear Market by Category
By Product Type:
Top Wear
Bottom Wear
Overalls
By End-use Industry:
Service
Food Services
Construction
Hospitality
Oil & Mining
Manufacturing
Automotive
Chemical
Other
By Consumer Orientation:
Men
Women
Unisex
By Distribution Channel:
Online
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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.
According to a recent FMI report, the butcher equipment market is anticipated to cross a valuation of US$ 4,768.3 Mn in 2033. It is estimated to showcase growth at a CAGR of 4.4% between 2023 and 2033.
Increasing investments by key players and government agencies in the automation of meat processing machinery in various countries such as the U.S., Germany, the U.K., and India are expected to drive the need for advanced butcher equipment. Strict norms associated with transport, trading, and selling of meat under controlled conditions to prevent spoilage is another factor boosting the market.
Moreover, the urgent need to maintain nutritional values in meat and meat products is projected to aid growth in the market. Rising number of research & development (R&D) activities to come up with innovative technologies such as integration of equipment for grinding, blending, and slicing are set to push growth.
Companies are nowadays developing only one machine for operating multiple tasks at once to maintain hygiene levels and save overall transfer costs. Besides, cutting-edge butcher equipment is increasingly finding applications in several fast-food outlets across the globe to cater to rising consumer demand.
Renowned fast-food outlets, including Taco Bell, KFC, McDonald’s Corporation, and Domino’s are expanding their businesses to various countries worldwide, which is further pushing the need for new equipment. Governments of various countries are also implementing strict regulations to maintain the proper transportation of human and animal food.
Key Takeaways from the Butcher Equipment Market Study:
The global butcher equipment market exhibited steady growth at a CAGR of 2% during the historical period (2018-2022).
The butcher equipment market in the U.S. is set to be worth US$ 801 Mn and account for a share of nearly 68% in North America during the forecast period.
The U.K. butcher equipment market is anticipated to create an absolute dollar opportunity of US$ 218.2 Mn during the evaluation period.
The China butcher equipment market is set to be worth around US$ 178.6 Mn and generate 32% of share in Asia Pacific in the next ten years.
The global butcher equipment market is expected to rise at a CAGR 4% in the forecast period.
Competitive Landscape: Butcher Equipment Market
Key players present in the global butcher equipment market include GEA Group, JBT Corporation, Marel, Illinois Tool Works, and Bettcher Industries. North America currently holds the largest market share, and this region is expected to continue to expand during the projection period.
This can be mainly attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America butcher equipment market is expected to increase in the next ten years due to the presence of a favorable legal and regulatory environment.
