Market Research Blog – Page 3370 – New Product Development

Gas Turbine Market: Projected to Reach US$ 61.1 Billion by 2033 – Insights, Trends, and Growth Opportunities

According to projections, the gas turbine market is anticipated to see substantial growth, reaching a valuation of US$ 61.1 billion by the year 2033, a significant increase from its value of US$ 40.8 billion in 2023. Over the span of a decade, from 2023 to 2033, experts estimate the market will maintain a steady growth trajectory, boasting a compound annual growth rate (CAGR) of 4.1%.

The gas turbine market is poised to witness steady growth over the upcoming years. The surging demand for electricity propelled by rapid urbanization and robust construction activities has been augmenting the market growth. In addition to this, industrialization in developing countries is also rising. In several economies, the initiation of many smart building and smart city projects is accelerating the electricity demand.

To meet the heightened electricity demand, the private as well as public sectors are enhancing their power plant capacity by extending their power plant capacity or by installing additional new power plants. The new infrastructural development projects are chiefly considering installing these turbines as they are less harmful and more efficient.

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The global gas turbine market is positively influenced by the robust technological advancements occurring in the energy sector. This, in addition to an enhanced focus on distributed power generation technology, is aiding the market growth. Further, increasing government support for power generation technologies that help reduce GHG emissions, is fueling the market development.

Key Highlights of the Gas Turbine Industry:

The United States is projected to hold a huge chunk of the global gas turbine market share. The market is anticipated to account for a US$ 10.5 billion market valuation by 2033, expanding at a CAGR of 4.8% over the forecast period.
China is predicted to be a significant market for gas turbines in the Asia Pacific region. The market is estimated to hold US$ 4.7 billion by 2033, registering a CAGR of 4.3%from 2023 to 2033. The paradigm shift to gas-based power generation, from the previously used coal-based power generation, is propelling market growth.
The United Kingdom is assessed to atta in US$ 4.3 billion by 2033. The market is expected to expand at a CAGR of 4.8% in the coming years.
The combined cycle technology is predicted to expand at a CAGR of 4.2% over the forecast period, up from the CAGR of 3.4% witnessed in the historical period.

News Featuring Market Developments by Key Players of the Gas Turbine Market:

In March 2021, General Electric declared that it would provide the United Arab Emirates, with the first two HA gas turbines. These gas turbines are anticipated to be the most effective power plants in the utility sector of the Middle East region. General Electric has been estimated to supply a total of three 9HA.01 gas-fueled turbines.
In May 2021, MITSUBISHI HEAVY INDUSTRIES, LTD. revealed that it has launched a new turbine, which is working in a gas business in Dubai. This new gas turbine combined cycle unit focuses on the J-Series Air-cooled gas-based turbine that is capable of operating on a blend of 30% hydrogen and 70% natural gas.

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Market Segments

By Type:

Heavy-duty Gas Turbines
Industrial Gas Turbines
Aero Derivative Gas Turbines

By Capacity:

Less than 40 MW
40–120 MW
120–300 MW
Above 300 MW

By Application:

Power Generation
Aviation
Oil & Gas
Industrial

By Technology:

Open Cycle
Combined Cycle

By Region:

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

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Polymer Solar Cells Market: Set to Achieve Remarkable Growth with a High CAGR of 21.5% by 2027 – Insights, Trends, and Future Outlook

Global Polymer Solar Cells Market: Forecast

Analysis of Future Market Insights points out to a huge growth of the polymer solar cells market during the assessment period of 2017-2027. According to the global research report on polymer solar cells, the global market is anticipated to reach a value of US$ 296.3 Million from a market evaluation of US$ 34.5 Million in 2016 with a boosting CAGR of 21.5% throughout the period of assessment.

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Global Polymer Solar Cells Market: Dynamics Impacting the Global Market

The main aspects boosting the growth of the global polymer solar cells market is the development of the electronics and electrical industry, rising demand for sources of renewable energy, increasing government support and initiatives, increasing construction activities associated with green buildings along with expanding automobile and the construction industries. Various trends are discussed in the research study, which have an indirect impact on the market’s growth, to name a few, the enhancement of manufacturing techniques of polymer solar cells (which reduce costs and enhance performance), development of electronic devices, improvement in the energy payback time with respect to both finance and energy, focusing on development of new material in order to make photovoltaics as the best alternative to organic fuels, development of new plastic solar cells to minimize energy loss and increasing the life span of organic solar photovoltaic cells. However the global polymer solar cells market is not without of challenges. High dependency on fossil fuels, high fluctuations in the prices of oil and gas, comparatively less power conversion capacity, higher dependency on hydroelectricity, low stability and strength, availability of alternatives and limited operational life of organic solar cells might pose restraint to the growth of the global polymer solar cells market.

Global Polymer Solar Cells Market: Segmental Snapshot

The global solar cells market is segmented by junction type (single layer, bilayer, bulk heterojunction, multi junction and others), by technique (printing technique, coating technique), by application (BIPV consumer electronics, automotive, defense and emergency and others) and by region (North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan, Japan and Middle East and Africa).

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By region, Asia Pacific excluding Japan (APEJ) region is anticipated to dominate the global polymer cells market with respect to high market share during the forecast period. This region is projected to grow at the highest CAGR of 24.6% throughout the period of assessment 2017-2027. The main contributor is China, which shows high potential and is the fastest growing country with a high CAGR of 25.5% during the forecast period. North America, Japan and Western Europe also poised to show significant growth in the coming years

By product type, the multi-junction segment is expected to grow at a higher pace than any other segments during the assessment period. However, the bulk heterojunction segment is estimated to show higher market share thus leading the global polymer solar cells market

By technique, the printing segment is expected to show a high market share and high growth rate than the coating segment, to reach a value a little under US$ 240 Mn and is poised to register a robust CAGR throughout the forecast period

With respect to the application category, the BIPV segment is poised to grow at the highest rate to register a CAGR of 23.3% during the assessment period. It is also anticipated to witness high market share, thus leading the global polymer solar cells market by application

Global Polymer Solar Cells Market: Competition Analysis

The global polymer solar cells market has included several key players involved in the manufacturing and supply of polymer solar cells. The report has profiled companies such as Heliatek GmbH, InfinityPV ApS, BELECTRIC OPV GmbH (OPVIUS GmbH), SUNEW, Solarmer Energy, Inc., Armor Group, Solvay S.A., Eight19 Ltd., SolarWindow Technologies, Inc., and Raynergy Tek Incorporation.

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Market Segmentation

By Junction Type

Single Layer
Bilayer
Bulk Heterojunction
Multi-junction
Others

By Application

BIPV (Building Integrated Photovoltaic)
Consumer Electronics
Automotive
Defence and Emergency
Others

By Technique

Printing Technique
Coating Technique

By Region

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
MEA

Author

About Future Market Insights (FMI)

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Nandini Singh Sawlani

IoT Device Management Platform Market size to reach a Value of US$ 39.7 Billion by 2032

Future Market Insights (FMI)’s research of IoT device management platforms indicates that from 2022 to 2032, market demand would rise at a robust CAGR of 24.4%.

According to the analysis, by the end of 2022, the market is predicted to be valued at around US$ 4,463.5 million. It is anticipated that reasons including the general growth of IoT networks and systems, growing worries about network security, growing demand to track health, etc., would propel sales.

Systems for managing IoT devices enable enterprises to gather and examine data. It also serves as a link between users’ downstream data servers and corporate apps and the edge network, which is expected to boost growth.

An IoT network and device management platform provides centralized management, uncomplicated provisioning, and real-time insights into all current device and integrations to support organizations stay on top of their deployment. IoT device management platform is integrated with a strong and accessible wireless solution, it permits users to easily broaden IoT network and solutions at the reduced cost and complexity thus, all these advantages offered by the IoT device management platform are contributing to the market growth.

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Wearable technology, like smart watches, have an enormous potential in the IoT space and for numerous businesses. Fitness and lifestyle-based businesses will mainly find this trend advantageous, considering the fact that various smart watches and wearable devices are combined with health and fitness tracking options.

Wearable IoT devices could be utilized to protect and monitor heart attacks, monitor EMG sensors for stroke patients, and monitor asthma. IoT device management platform offers features such as real time device tracking, secure connectivity and data collection, data integration across apps/devices, over the air software updates, and sensor data analytics for smart wearables. Thus, development of wearable IoT technology is increasing the demand for smart wearables.

Agriculture industry is one the major industries for adoption of IoT technologies for a wide scale of applications like smart irrigation, activating frost fans, automated feeding systems to tank and feed bin tracking, and other mechanized procedures. Predictive analytics feature offered by IoT device for smart farming is the major trend in the agriculture industry because its helps farmers to make plans concerning the production and storage of the crops, marketing approach, and risk management.

As per the report by Business Application Research Center (BARC), the adoption of IoT devices in the agriculture industry have reached US$ 75 million in the year 2020, growing at around 20% annually. Smart farming based on IoT technologies permits farmers to reduce waste and improve productivity ranging from the amount of fertilizers used to the number of journeys the farm vehicles have made, and enabling well organized usage of resources like electricity, water, etc.

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“The demand of IoT device management platforms is increasing in the manufacturing sector as these platforms helps in monitoring both equipment settings and the outcome of each production step which offers manufacturers stronger assurance of analyzing quality issues at the source. The adoption of IIoT (Industrial Internet of Things) in the manufacturing industry and increasing usage of technologies such as 5G, AI, and Big Data will continue fueling demand,” says an FMI analyst.  

Key Takeaways: 

By solution, the IoT device management platform segment is anticipated to account for the leading share in the global demand for IoT device management platform in 2022.
By enterprise size, the small and mid-sized enterprises segment is estimated to grow at a robust CAGR of 26.0% through 2032.
By industry, the healthcare segment is anticipated to grow at a CAGR of 33.1% between 2022 & 2032.
Europe is expected to progress at the highest CAGR of around 33.0% followed by South Asia and Pacific in 2032.
The market in Japan is expected to progress at a CAGR of around 27.8% through 2032.
In India, sales are expected to grow at a CAGR of close 34.0% over the next ten years.

IoT Device Management Platform Outlook by Category
By Solution:

IoT Device Management Platform
- Cloud-based
- On-premise
Services
- Professional Services
  - Consulting
  - Integration and Deployment
  - Support & Maintenance
- Managed Services

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:

Manufacturing
IT and Telecom
Government
Healthcare
Transport and Logistics
Energy and Utilities
Retail

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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Flare Gas Recovery System Market: Expected to Increase at 5.9% CAGR by 2031

According to a recent analysis conducted by Future Market Insights (FMI), the flare gas recovery system market saw a growth of 4.8% in 2021, reaching a total value of US$ 1.05 billion. Looking ahead, FMI predicts a continuous upward trend, with sales of flare gas recovery systems projected to rise at a compound annual growth rate (CAGR) of 5.9% between 2021 and 2031.

Compressor technology is anticipated to remain one of the highly sought-after, and sales of modular flare gas recovery systems will increase at a steady pace, exhibiting growth at a 5.7% CAGR in 2021. Incredible revenue generated by the oil and gas segment of the flare gas recovery system (FGRS) market rose gradually in 2021. The FGRS market is driven by regulation. Historically, the market witnessed impressive growth after 2015, when the World Bank launched its “Zero Flaring by 2030” initiative.

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The ‘Zero Flaring by 2030’ was launched in order to end routine flaring by 2030, by facilitating cooperation between stakeholders to find solutions to curb gas flaring through appropriate regulations, adoption of technologies, and financial arrangements. In addition to that, the leading flare gas recovery system manufacturing companies are focusing on offering highly efficient and cost-effective options that reduce the payback period.

Compelling Market Trends

On the basis of configuration, the skid-mounted systems segment is accounted for a dominant market share of around 65% of the flare gas recovery systems market in 2021. These systems are used extensively in end-use sectors owing to their high degree of customization and efficiency.

On the basis of application, the oil and gas sector is anticipated to possess for more than 60% of the total flare gas recovery system market share by 2031. In addition to that, various industries such as petrochemical refineries, NGL plants, fuel gas conditioning, and others from the oil and gas sector require these systems for flare gas recovery.

Based on technology, the liquid ring compressor is expected to emerge as one of the most preferred technology types utilized in the global flare gas recovery market. Being a very simple and compact design, it consists of minimal pressure fluctuation and isothermal gas compression making it the most preferred choice for gas recovery applications.

Growth Drivers

Operating pressure, of more than 5 bar (small) is likely to remain one of the most extensively utilized ranges of flare gas recovery systems. This particular segment is forecasted to account for 36.5% of the total flare gas recovery system market share in 2021.

On the basis of the flow rate, up to 2 MMSCFD segment is predicted to account for over 29.4% of the total flare gas recovery systems market. These systems are widely being adopted as the components are easily available and are cost-effective while reducing the payback period.

Competitive Landscape

Key manufacturers operating in the global flare gas recovery system market are concentrating on expanding their presence in an emerging market to improve sales. Besides this, key players are investing in mergers, acquisitions, strategic collaborations, and partnerships to strengthen their distribution channels and expand production facilities.

Recent Developments

In 2020, Zeeco, Inc., announced that Saudi Aramco has granted 9COM approval to Zeeco for a variety of combustion equipment manufactured at the Zeeco Middle East, Ltd. facility in Dammam.

Key Players:

Honeywell UOP
Cimarron Energy, INC.( Jordan Technologies)
Wärtsilä
Zeeco, Inc
SoEnergy International
John Zink Hamworthy Combustion
Ramboll Group, Inc.

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Valuable Insights into the Flare Gas Recovery System Market

The North American region is anticipated to dominate the global flare gas recovery system market over the valuation period. The U.S. is likely to account for over 76% market share through 2031.

According to World Bank, the U.S. accounted for 70% of global flaring decline, with gas flaring falling by 32% from 2019 to 2020, due to an 8% drop in oil production, combined with new infrastructure to use gas that would otherwise be flared. This indicates the successful implementation of regulation and increasing use of renewable energy in the country.

The demand for the flare gas recovery system market in the Middle East and African markets is predicted to surge at nearly 5.0% CAGR over the forecast period. Countries such as Qatar, KSA, Algeria, and Tunisia have emerged as prominent players in the flare gas recovery system market in terms of consumption.

Europe is likely to be one of the primary manufacturers of flare gas recovery systems across the globe. In 2021, the global market accounted for over 14% of total flare gas recovery system sales. As per FMI, Russia is expected to hold 12.9% of the Europe market share in 2031.

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Flare Gas Recovery System Market by Category

By Operating Pressure:

Upto 5 bar (small)
5 to 10 bar (medium)
10 to 20 bar (large)
20 to 60 bar ( very large)

By Configuration:

Modular
Skid Mounted

By Technology:

Compressor
Ejector Based

By Flow Rate:

Upto 2 MMSCFD
2 to 5 MMSCFD
5 TO 10 MMSCFD
10 TO 20 MMSCFD
20 to 50 MMSCFD

By Application:

Oil & Gas
Chemical Plants
Storage Tanks
Bio Gas & Landfill
Industrial flue gas treatment

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MIDDLE EAST AND AFRICA)

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Revolutionizing Logistics: Global 3PL Software Market Set to Soar, Anticipating $2.3 Billion by 2032

The worldwide 3PL software market is expected to reach US$ 1.24 billion by 2022, up from an anticipated US$ 1.20 billion in 2021, according to a research released recently by Future Market Insights. From 2022 to 2032, the market is expected to expand at a compound annual growth rate (CAGR) of 6.4%. Companies are now able to provide software that is individualised, flexible, and focused on the needs of their customers thanks to the capacity to electronically gather data, automate warehouse operations, and digitise the whole supply chain.

As a result, 3PL businesses employ cutting-edge technology, such as 3PL software, mobile technologies, and blockchain solutions, to obtain a competitive edge in a very competitive industry. Over the period of 2015–2021, the industry saw a CAGR of 7.1%.

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Using Automated Guided Vehicles (AGVs) can result in fewer human errors, improved workflow, increased precision, and improved productivity and service. Increasingly, companies are embracing logistics automation to deliver immediate value and long-term results.

Reduced operational costs are the result of shippers shifting their focus from logistics and back-office activities such as warehouses, order picking & packing, kitting & final assembly, sourcing, and labeling. Shippers can use these value-added software services to mitigate inventory & transportation costs, which in turn is becoming a boon for the 3PL software market.

Key Takeaways:

Global 3PL software market to flourish 1.8x during the forthcoming decade, reaching US$ 2.3 Billion
3PL software to generate an absolute value of US$ 1.1 Billion from 2022-2032
Technological industry to make maximum use of 3P software, growing at a 6.3% CAGR
By mode of transport, roadways segment to expand at a CAGR of 6.5% during the forecast period
In the U.S., the market is predicted to reach US$ 839.5 Million while growing at a CAGR of 6.2% during the forecast period
China’s market is expected to reach a market value of US$ 174.6 Million with a CAGR of 6.1%

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“Supporting the rapid growth of automated logistics services, E-commerce, and IoT solutions over the upcoming years will help to increase demand for 3PL software in the future,” remarks an analyst at FMI.

Competitive Landscape

Through strategic partnerships, manufacturers can increase production and meet consumer demand, increasing both their revenues and market share. The introduction of new products and technologies will allow end-users to reap the benefits of new technologies. Increasing the company’s production capacity is one of the potential benefits of a strategic partnership.

In May 2022, Enveyo, announced that its Insights parcel analytics platform has helped Saddle Creek Logistics Services streamline and automate the management of parcel analytics and client billing. As part of the implementation of Enveyo’s parcel analytics solution, Insights, Saddle Creek eliminated the manual and time-consuming process of shipment reporting and billing.
In May 2022, Zethcon Corporation has announced that the company’s flagship Synapse WMS product has been successfully implemented by RBW Logistics, a third-party logistics provider (3PL) based in Augusta, Georgia. For RBW to best serve existing customer needs and provide expanded capabilities required to support new growth opportunities, Zethcon provided its warehouse management system (WMS) and 3PL expertise.

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Key Segments Covered In The 3PL Software Market Report

By Mode of Transport:

Railways
Roadways
Waterways
Airways

By Service Type:

Dedicated Contract Carriage (DCC)
Domestic Transportation Management
International Transportation Management
Warehousing & Distribution
Other Service Types

By Industry:

Technological Industry
Automotive Industry
Retailing Industry
Elements Industry
Food & Groceries Industry
Healthcare Industry
Other Industries

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global 3PL software market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by mode of transport (railways, roadways, waterways and airways), service type (dedicated contract carriage (DCC), domestic transportation management, international transportation management, warehousing & distribution and others) and industry (technological, automotive, retailing, elements, food & groceries, healthcare and others) across five major regions (North America, Europe, Asia Pacific, Middle East and Africa, Latin America).

Author:

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 over400 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

Fraud Detection and Prevention Market to Soar with a 17.5% CAGR, Expected to Reach US$ 1,58,196.5 Billion by 2033

The fraud detection and prevention market is expected to develop rapidly, with a CAGR of 17.5% from 2023 to 2033. Furthermore, a 15.4% rise was noted between 2018 and 2022, demonstrating the increasing demand for effective fraud detection technologies. The market value is predicted to increase from US$ 31,447.6 million in 2023 to US$ 1,58,196.5 million in 2033, demonstrating the significant growth potential and growing relevance of fraud detection and prevention techniques across various industries.

In order to safeguard individuals and organisations from fraudulent acts including identity theft, financial fraud, and cybercrime, the market for fraud detection and prevention is essential. Effective fraud detection and prevention solutions are more important than ever due to the rise in sophisticated fraud schemes and rising digitalization. The sector is being driven by a number of factors, such as the growing demand for regulatory compliance, the development of online transactions, and the growing use of digital payment systems.

The growing awareness among organizations about the financial and reputational hazards connected with fraud is one of the primary drivers in the fraud detection and prevention industry. As a result, organizations are investing in advanced fraud detection technology and solutions to detect and prevent fraudulent activity. Furthermore, the growing use of artificial intelligence (AI) and machine learning (ML) technology has greatly improved the capabilities of fraud detection and prevention systems, allowing them to spot trends, abnormalities, and suspicious behavior in real-time.

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However, the market is also constrained by various constraints and problems. The intricacy and sophistication of current fraud schemes, which continually change and adapt to avoid detection, is one of the key constraints. Continuous innovation and investment in enhanced fraud protection technology are required.

Another difficulty is striking a balance between fraud protection and client experience. The correct balance must be struck to eliminate false positives and provide a seamless and frictionless client journey.

Despite these obstacles, the fraud detection and prevention business offers several development potentials. The growing use of mobile and digital payments, the expansion of e-commerce, and the emergence of online banking and financial services provide a fertile environment for fraudsters, fueling the need for sophisticated and comprehensive fraud detection and prevention solutions. Furthermore, the evolving regulatory landscape, which includes higher compliance requirements, creates an opportunity for market participants to provide solutions that help organizations achieve regulatory duties while lowering fraud risks.

Key Takeaways

The United Kingdom is predicted to develop at a CAGR of 16.8% through 2033, owing to the rising sophistication of fraud schemes and the necessity for enhanced security measures.
In India, the market is expected to develop at a rapid 22.1% CAGR by 2033, owing to increased digitalization of financial services and a greater emphasis on fraud prevention in the banking sector.
In the United States, the market captured a CAGR of 17.5% in 2022 in the global market.
Japan’s market has a compound annual growth rate of 6%, as per the forecast for 2022 in the global market.
China’s fraud detection and prevention market is expected to develop at an 18.9% CAGR by 2033, owing to increased awareness of fraud risks and the adoption of severe regulatory frameworks.

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Competitive landscape:

The fraud detection and prevention market is competitive, with numerous significant firms offering cutting-edge solutions and technology. IBM, SAS Institute, FICO, NICE Actimize, and Experian are some market’s prominent rivals. These firms provide a variety of fraud detection and prevention solutions, including AI-based analytics, real-time monitoring, machine learning algorithms, and predictive modeling.

They serve a variety of industries, including banking, insurance, retail, and healthcare, by assisting organizations in mitigating the risks connected with fraud and financial crimes. These organizations seek to stay ahead of the market by providing their clients with powerful and complete fraud detection and prevention solutions, emphasizing innovation and continual development.

Recent Developments:

IBM provides a complete fraud detection and prevention platform that uses sophisticated analytics, artificial intelligence, and machine learning algorithms to detect and prevent fraudulent actions in various industries, including banking, insurance, and retail. Identity and access management, transaction monitoring, and anomaly detection are among their products.
SAS Institute offers fraud detection and prevention solutions that use data analytics, machine learning, and predictive modeling to identify and minimize fraud risks. Insurance fraud, payment fraud, healthcare fraud, and cybersecurity are all addressed by their solutions. They provide real-time monitoring, pattern detection, and risk grading.

Segments

By Components:

Solutions Fraud Analytics, Authentication, Government, Risk and Compliance
Services {Professional Services, Managed Services}

By Fraud Type:

Check Fraud
Identity Fraud
Internet/Online Fraud
Investment Fraud
Payment Frauds
Insurance Fraud
Others

By Deployment Mode:

Cloud
On-premises

By Organization Size:

SMEs
Large Enterprises

By Vertical:

BFSI {Banking and Financial, Insurance}
Retail and Commerce
Government
Healthcare
Manufacturing
Ravel
Transportation
Others

By Region:

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

Author:

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

Headless CMS Software Market Poised for Rapid Growth with a CAGR of 22.1% through 2032

The headless CMS software market was valued at US$ 605 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 20.1% from 2022 to 2032, reaching US$ 3.8 billion.

For many organisations, headless CMS phases are quickly becoming into strategic applications. Businesses investing in headless CMS software are also reevaluating their foundation requirements, ensuring that headless CMS software can handle work from home (WFH) schedules that are delayed, creating marketing plans, and increasing website traffic.

Organisations are accelerating digital transformation strategies aimed at attracting customers and driving the headless CMS software market online, which increases the potential openings in the headless CMS software market.

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As of now, the market for headless CMS software is extending. A few organizations seek after headless CMS software just for specialized reasons, passing up the business potential to future-evidence their substance and give a steady encounter across channels.

Technical professionals who wish to employ new front-end frameworks and microservices architecture while avoiding the constraints of traditional CMSs are driving the demand for headless CMS software and boosting headless CMS software market share.

Geographically, Asia Pacific is expected to develop at the fastest CAGR during the forecast period, owing to the region’s rising demand for headless CMS software solutions. CMS solutions enable a firm to offer customised content globally in order to boost total revenue for headless CMS software and surge headless CMS software market future trends.

China has emerged as the uncontested global leader in headless CMS software. Meanwhile, the North American headless CMS software market is expected to be the largest.

KEY TAKEAWAYS:

The headless CMS software market in theUnited States is expected to reach US$ 1.3 billion by 2032, growing at a CAGR of 19.8% through 2032.
The UK headless CMS software marketis predicted to be valued US$ 158.8 million by 2032, with a CAGR of 18.9% through 2032.
The Chinese headless CMS software marketis anticipated to reach US$ 271.5 million by 2032, growing at a 19.3% CAGR through 2032.
The Japanese market for headless CMS softwareis estimated to be worth US$ 230.3 million by 2032, growing at an 18.8% yearly pace until then.
South Koreais anticipated to reach a headless CMS software market size of US$ 144.5 million by 2032, with a CAGR of 18.1% through 2032.
The cloud-basedsection of the deployment type category of the headless CMS software market is expected to grow at a CAGR of 18.5% through 2032.
North Americawill develop at a CAGR of 17.8% in the headless CMS software market geographical sector through 2032.

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COMPETITIVE LANDSCAPE:

New market research report on headless CMS software shows that the legacy players in the headless CMS software market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the headless CMS software market key trends & opportunities.

The headless CMS software market is dominated by Agility Inc., Contentful, ButterCMS, Contentstack LLC, DOTCMS INC., GraphCMS GmbH, Kentico Software s.r.o., Mura Software, Quintype Technologies Pvt Ltd, and Zesty.io Platform, Inc.

RECENT DEVELOPMENT:

Agility Inc. presented new price plans for their product in 2020. The firm established regular, pro, and enterprise plans for US$ 47 per month, US$ 579 per month, and US$ 2,500 per month, respectively, under the new price options.
ButterCMS will release a new upgrade for its headless CMS in 2020. The content modelling feature has been improved in this release to improve user experience.
Norsk Telegrambyr, a Norwegian news agency, put Superdesk Planning Component into production in July 2018. (NTB). The component is a new module for our open-source headless CMS Superdesk that will enable users to integrate editorial planning into their workflows and boost operational efficiency.

Key Players

Agility Inc.
Contentful
ButterCMS
Contentstack LLC
DOTCMS INC.
GraphCMS GmbH
Kentico Software s.r.o.
Mura Software
Quintype Technologies Pvt Ltd
io Platform, Inc.

What Is The COVID-19 Impact On The Headless CMS Software Market?

Firms investing in headless CMS software market are reevaluating their platform needs and ensuring that CMS can handle prolonged work-from-home (WFH) times, evolving headless CMS software marketing tactics, and increased web traffic.

Companies are accelerating digital transformation plans aimed at engaging customers and conducting business online. To suit the fast changing business environment, they are also adjusting their demand for headless CMS software to allow self-service for customers, workers, and partners.

Furthermore, companies are focused on client involvement in a cost-effective and personalized manner through the channel of their choice, as well as automating and simplifying operations to save costs and satisfy the ever expanding consumer needs instantaneously. As a result of the epidemic, the headless CMS software market growth is expanding.

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Key Segments

By Deployment Type:

Cloud
On-premise

By Enterprise Size:

SMEs
Large Enterprises

By Region:

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

Author:

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Social Video Advertising Market Poised for Robust Growth | Key Players and Driving Factors

The market for social video advertising is expected to grow at a compound annual growth rate (CAGR) of 30.4%, from $14.1 billion in 2022 to $198.6 billion by 2032, according to the FMI report. According to FMI’s most recent market report, demand for social video advertising will rise in tandem with consumers’ growing worries about brands and goods.

Over the course of the projected period, it is also expected that the increased usage of smartphones, smart TVs, and other video advertising devices in both urban and rural regions of the world would propel the growth of the worldwide social video advertising market.

Taking advantage of the expanding use of OTT platforms around the world, advertisers are continually boosting their social media advertising spending and social video advertising.

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As a result, the social video advertising market outlook is predicted to grow between 2022 and 2032. To keep up with the current market trends, Google, for example, is experimenting with virtual reality advertising.

The adoption of social video advertising is increasing as it helps businesses enhance brand exposure, sales, and profits. Furthermore, social video advertising aids in the achievement of business objectives. Advertisers are battling for attention by focusing their efforts on digital giants such as Facebook and Google.

The majority of social media advertising market revenue is expected to be spent on mobile advertising, fueling the rise of the social video advertising market share, due to the increasing usage of smartphones to access social media apps such as Facebook and YouTube. The introduction of new social video advertising market trends like vertical filmmaking and 360° digital videos has given the market a lot of room to grow.

KEY TAKEAWAYS:

The Asia Pacific market is predicted to grow rapidly during the forecast period.
With a CAGR of 33.4 percent, China is the most profitable market for social video advertising.
Furthermore, the market for social video advertising in India is expected to develop at a CAGR of 30.8 percent over the forecast period.
As a result, these factors are expected to drive indirect development in the Asia Pacific market during the forecast period.
From 2022 to 2032, the global social video advertising market is predicted to grow at a 26.9% compound annual growth rate (CAGR) in the United States.
The retail and consumer packaged goods (CPG) segment hold the highest proportion of 35%.
Brands/companies are gaining traction and dominating the social video advertising industry by end user. The brands/companies are predicted to grow at a breathtaking 14.2 percent CAGR over the forecast period of 2022-2032.
Due to advertising organizations’ increased usage of social media platforms to reach targeted clients, as well as the high use of smartphones rather than PCs for social media platforms, social ad services are likely to dominate the market.

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COMPETITIVE LANDSCAPE :

Some of the social video advertising market players profiled in the FMI’s study are Advertise.com

Conversant LLC, Longtail Ad Solutions, Inc., PubMatic, Inc., SpotX, Inc., Tremor International Ltd., Vdopia, Inc. DBA Chocolate, Verizon Media, Viant Technology LLC, and ZypMedia.

Segmentations :

By Solution:

Ad Platform
Social Ad Services
Advertising Consulting
Implementation & Integration
Support and Maintenance

By End User:

Ad Agencies
Brands/Companies
Publishers

By Vertical:

Retail & CPG
Healthcare
Banking, Financial Service & Insurance
Real Estate
Travel & Hospitality
Others

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Author:

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

Cemetery Software Market Thrives with a 4.0% CAGR, Projected to Reach US$ 2.7 Billion by 2032

The production, consumption, volume, and value of the worldwide cemetery software market are detailed in detail by FMI in its business research. Based on the demand pattern and growth prospects, the study examines the market in detail, breaking it down into several categories, regions, and competitors.

The Cemetery Software market research contains vital data and projections that will enable both established and new market participants to develop long-term plans and ensure company continuity in the event of a catastrophe, like the current COVID-19 epidemic.

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COVID-19 Impact Analysis on Cemetery Software Market

The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Cemetery Software market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Cemetery Software market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Cemetery Software market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Cemetery Software Market: Segmentation

Valuable information covered in the FMI’s Cemetery Software market report has been segregated into key segments and sub-segments.

By Type:

Cloud-Based
Web-Based

By Application:

Individual
Government
Funeral Home
Others

Cemetery Software Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Cemetery Software market. Competitive information detailed in the Cemetery Software market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Cemetery Software market report.

Key players covered in the report include:

Cemify
Cemsites
Ovs-Genealogy
Legacy Mark
NewCom Technologies

Important Questions Answered in the Cemetery Software Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Cemetery Software market been expanding during the forecast period?
How will the global Cemetery Software market look like by the end of the forecast period?
What innovative strategies are adopted by Cemetery Software market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Cemetery Software market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Cemetery Software market

Author:

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

Thermoplastic Ester Elastomer (TPEE) Market Forecasted to Reach US$ 518.3 Billion by 2033, with a 5.9% CAGR

According to Future Market Insights, the global thermoplastic ester elastomers (TPEE) industry is anticipated to witness significant growth with a projected compound annual growth rate (CAGR) of 5.9% during the forecast period spanning from 2023 to 2033. The market size for thermoplastics is expected to experience a substantial surge, reaching US$ 292.2 billion in 2023 and escalating to an estimated US$ 518.3 billion by 2033. This robust growth underscores the increasing demand and adoption of thermoplastic ester elastomers, reflecting their diverse applications across various industries and the evolving landscape of the global market.

The TPEE market has witnessed substantial growth in recent years, fueled by its widespread applications in automotive, electrical and electronics, industrial, and consumer goods sectors. As a thermoplastic material, TPEE can be molded and shaped with ease, making it an attractive choice for manufacturers looking for efficient and cost-effective solutions.

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Key Market Drivers:

Automotive Industry Expansion:
- TPEEs find extensive applications in the automotive sector due to their ability to replace traditional rubber materials. They are used in various automotive components such as seals, gaskets, and interior components, contributing to lightweighting and enhanced fuel efficiency.
Growing Demand in Consumer Goods:
- The consumer goods industry has embraced TPEEs for their durability, flexibility, and aesthetic appeal. TPEEs are commonly used in the production of soft-touch grips, handles, and other components in consumer electronics, sporting goods, and household items.
Electrical and Electronics Applications:
- TPEEs are increasingly utilized in the electrical and electronics industry for cable insulation, connectors, and gaskets. Their excellent electrical insulation properties and resistance to heat make them suitable for a wide range of electronic applications.
Advancements in Material Technology:
- Ongoing research and development activities are focused on enhancing the properties of TPEEs, such as flame resistance, chemical resistance, and UV stability. Innovations in material formulations are expected to open up new opportunities and broaden the scope of TPEE applications.

Thermoplastic Ester Elastomer (TPEE) Industry: Key Players

Some of the leading players in the market

DuPont
DSM
Toyobo
Taiwan Changchun
Celanese
SK Chemicals
SABIC, Mitsubishi Chemical
Radici Group, Sunshine Plastics
Ashland Inc.
Covestro
Teijin Plastics and various others

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Thermoplastic Ester Elastomer (TPEE) Industry: Segmentation

Key Segments

By Grade:

Injection Molding Grade
Extrusion Grade
Blow Molding Grade
Others

By Application:

Automotive components
Industrial Products
Consumer Products

By Region:

North America
Latin America
Europe
East Asia
South 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 ~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