Market Research Blog – Page 3400 – New Product Development

Absorbent Glass Mat (AGM) Batteries: Powering the Future

AGM batteries, with their unique glass mat technology absorbing the electrolyte, are revolutionizing the lead-acid battery landscape. They offer superior performance, reliability, and safety compared to traditional flooded lead-acid batteries. The AGM battery market is experiencing steady growth, driven by several key factors.

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Current Scenario: A Market on the Charge

The absorbent glass mat (AGM) battery market is thriving due to several trends:

Rising Demand for High-Performance Batteries: Modern vehicles with start-stop technology and increased electrical demands require robust batteries that can handle frequent starts and deep discharges. AGM batteries excel in these applications.
Increased Focus on Safety: AGM batteries are virtually spill-proof due to the absorbed electrolyte, making them a safer choice for motorcycles, powersports vehicles, and applications where potential leaks pose a risk.
Longer Lifespan and Lower Maintenance: AGM batteries boast a longer lifespan and require minimal maintenance compared to flooded lead-acid batteries, reducing replacement costs and downtime.
Growing Popularity in Off-Grid Applications: Their deep discharge tolerance and extended lifespan make AGM batteries ideal for off-grid solar power systems and other renewable energy applications.

Growth Factors: A Future Full of Potential

Several exciting factors are poised to propel the AGM battery market even further:

Advancements in Technology: Developments in AGM technology are leading to even higher performance batteries with improved capacity, faster charging capabilities, and longer lifespans.
Expanding Anwendungsgebiete (Areas of Application): The applications for AGM batteries are expanding beyond traditional automotive uses. They are finding their way into electric vehicles, marine applications, medical equipment, and Uninterruptible Power Supply (UPS) systems.
Growing Environmental Concerns: The increased use of AGM batteries contributes to a more sustainable future. They are recyclable and contain absorbed electrolytes, minimizing environmental risks compared to flooded lead-acid batteries.

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Opportunities: Capitalizing on a Charged Market

The growth of the AGM battery market presents exciting opportunities for various players:

Manufacturers: Developing innovative AGM battery technologies with higher capacity, faster charging, and improved lifespans will be crucial for capturing market share.
Distributors and Retailers: Offering a wide range of AGM batteries catering to diverse applications and educating customers about their benefits will be key to success.
Battery Replacement and Service Providers: Specializing in AGM battery installation, maintenance, and recycling can be a lucrative opportunity.

Looking Ahead: A Brighter Future for Battery Power

As the AGM battery market matures, we can expect some key trends shaping the future:

Focus on Sustainability: Development of even more eco-friendly AGM batteries using recycled materials and exploring cleaner production processes will be a priority.
Smart Battery Management Systems: Integration of AGM batteries with smart management systems that monitor health, performance, and optimize charging cycles will become increasingly common.
Second Life Applications: With their extended lifespan, exploring innovative ways to reuse AGM batteries in second-life applications, such as energy storage systems, will be a focus.

KSA Construction Boom Propels Marble & Granite Demand: Market Poised to Reach US$ 5.6 Billion by 2033

Kingdom of Saudi Arabia (KSA) Marble and Granite Industry

The Kingdom of Saudi Arabia marble & granite industry size is projected to reach US$ 1,229.2 million in 2023 and US$ 5,662.2 million in 2033. Over the assessment period, demand for marble and granite in KSA is projected to surge at a CAGR of 16.5%.

Based on application, the flooring segment is expected to dominate the Kingdom of Saudi Arabia marble and granite business through 2033. It is projected to hold a volume share of 44.9% by 2023. This is due to growing usage of granite and marble for flooring applications.

KSA’s construction sector is expanding at an impressive rate due to the construction of new buildings, highways, and several infrastructure projects. This is creating a higher demand for marble and granite, and the trend is expected to continue through 2033.

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The need for housing is rising due to the growing population, further supporting KSA’s business expansion. The demand for structures and commercial spaces is also expanding due to the rising urbanization and industrialization, creating growth prospects for companies.

The rising demand for granite and marble directly relates to Saudi Arabia’s infrastructure development. The country is investing rigorously in large-scale projects, including bridges, road networks, airports, and residential and commercial projects. This is expected to bolster sales of marble & granite.

Marble and granite offer durability and aesthetic adaptability and are integral to forming the Kingdom’s changing architectural landscape. Famous instances include the King Khalid International Airport extension in Riyadh and the Riyadh Metro project, which uses large amounts of marble and granite, demonstrating the materials’ superior quality.

Key Takeaways from the Report

The Kingdom of Saudi Arabia marble and granite business is projected to thrive at 16.5% CAGR through 2033.
By product type, the granite segment is expected to total US$ 3,761.9 million in 2033.
By application, the flooring segment is set to hold a significant share of 44.8% in 2023.
West KSA is expected to account for a significant share of about 42.4% in 2023.
Revenue in Northwest KSA is anticipated to total US$ 2,574.1 million in 2033.

“The KSA marble and granite business is set to expand rapidly through 2033, driven by substantial investments in large-scale projects and expanding infrastructure. Saudi Arabia’s commitment to sophisticated urban development positions the marble and granite industry as a vital player in shaping the nation’s architectural landscape,” Says an analyst at Future Market Insights, Inc.

Who is Winning?

Leading players listed in the report include SMG Company, Marmotech, Al Takadom, Awtad Al-Riyadh, and Products Holding Company (CPC). These key players are forming partnerships and alliances with construction companies to provide marble and granite.

Recent developments:

In September 2023, GLAZE Granite & Marble introduced KOZO to revolutionize architectural surfaces.

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Top Key Players in the Kingdom of Saudi Arabia (KSA) Marble and Granite Industry

SMG Company
Marmotech
Al Takadom
Awtad Al-Riyadh
Constructions Products Holding Company (CPC)
Al Ajial Factory Co. Ltd
Baaghil Factory
Dar Al Rokham LLC
Bin Harkil Co. Ltd,
Nesma Orbit
Fanar Marble
Marble Boutique
Alfurat Company

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Purified Terephthalic Acid (PTA) Market Expected to Achieve US$ 99,496.2 Million by 2032 with 5.5% CAGR

The global purified terephthalic acid (PTA) market is predicted to reach a valuation of US$ 99,496.2 million by 2032, with sales growing at a moderate but restored CAGR of 5.5% from 2022 to 2032. Historically, the market observed a sluggish CAGR of 3.2% and arrived at US$ 58,248.1 million in 2022. The target market is shaped by factors like the rising use of polyester fibers across various industries. Owing to their ability to work with different natural and synthetic fibers, polyester fibers observe high demand which, in turn, spurs the demand for the purified terephthalic acid (PTA) market in the upcoming years.

Purified terephthalic acid (PTA) is an essential component in the production of synthetic fibers and accounts for 70-80% of polyester goods. It is cost-effective in comparison to dimethyl terephthalate (DMT). PTA finds extensive application in the textile and packaging industries, and also in the medical field to treat peptic ulcers, reflux esophagitis, and gastroesophageal reflux disease (GERD). Maritime, transportation, construction, and wind energy sectors also create demand for the purified terephthalic acid (PTA) market in the upcoming years.

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Escalating demand from the paints and coatings sector because of PTA’s high efficacy will spur the chemical demand in the global marketplace. Again, unsaturated polyester resin (UPR) in multiple industry verticals including maritime, wind energy, transportation, construction, and electrical due to its cost-effective, superior performance, and eco-friendly properties will aid the growth of the purified terephthalic acid (PTA) market. UPR has quick strength, excellent resistance against abrasion, chemicals, corrosion, and heat, and high impact and structural strength which promotes its usage in the building sector as a concrete and sealant. This factor augurs well for the purified terephthalic acid (PTA) market during the forecast period.

Key Takeaways:

Rising demand for PTA in the soft drink industry as it is a crucial element in the production of carbonated beverage bottles will strengthen the prospects of the market.
Fluctuations in crude oil prices will likely limit the growth of the purified terephthalic acid (PTA) market.
By end-user, PET bottle segment will dominate the global market with a strong growth rate from 2022 to 2032.
The purified terephthalic acid (PTA) market in North America accounted for 16% of the global market share in 2022.
Asia Pacific will emerge as an attractive pocket for the purified terephthalic acid (PTA) market with a 9% ownership of the market share.

Competitive Landscape

In a highly fragmented environment, key market players are focusing on capacity growth and cooperation tactics. These businesses also concentrate on manufacturing processes that will have less of an adverse effect on the environment such as producing chemically recycled polyethylene. A few of these participants also employ various organic and inorganic growth strategies.

Mitsui Chemicals Inc, The Mitsubishi Chemical Group (MCG), Indian Oil Corporation, Reliance Industries Limited, SABIC, and Samsung Petrochemical Co. Ltd, among others, are some of the significant players in the purified terephthalic acid (PTA) market profiled in the full version of the report.

More Insights into Purified Terephthalic Acid (PTA) Market

In its latest report, FMI offers an unbiased analysis of the global purified terephthalic acid (PTA) market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application, end-user, and region.

According to the latest FMI reports, based on segmentation, the PET bottle segment will create substantial demand for the market. This segment is expected to grow at a strong CAGR during this period as PET bottling and packaging will continue to expand.

Based on region, the purified terephthalic acid (PTA) market in North America will present impressive growth. The target market in this region will account for 16% market share in 2022. Expansive use of PET bottling and packaging and increasing stakeholder investment aid the growth of the PTA market in North America. Additionally, Asia Pacific will also offer lucrative opportunities to the purified terephthalic acid (PTA) market. Accounting for a 9% market share in 2022, the PTA market in this region will be driven by the expanding textile sector, rapid industrialization, and increasing investments in the paints and coatings sector. Thus, North America and Asia Pacific will contribute to the global growth of the purified terephthalic acid (PTA) market.

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Key Segments Covered in the Purified Terephthalic Acid (PTA) Industry Analysis

Purified Terephthalic Acid (PTA) Market by Application:

Polyester
Polybutylene Terephthalate (PBT)
Plasticizers
Others

Purified Terephthalic Acid (PTA) Market by End User:

Textile
PET Bottles
Packaging
Others

Purified Terephthalic Acid (PTA) Market by Region:

North America Purified Terephthalic Acid (PTA) Market
Latin America Purified Terephthalic Acid (PTA) Market
Europe Purified Terephthalic Acid (PTA) Market
Asia Pacific Purified Terephthalic Acid (PTA) Market
Middle East & Africa Purified Terephthalic Acid (PTA) Market

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Hospital Disinfectant Products & Services Market Poised to Advance at a 7.7% CAGR by 2033: Growth Projections and Trends

In 2023, the market size for hospital disinfectant products and services is estimated at US$ 36,075.74 million, with expectations to soar to US$ 75,575.0 million by 2033. Throughout the forecast period, the adoption of these products and services within hospitals is projected to progress at a Compound Annual Growth Rate (CAGR) of 7.7%.

Increasing awareness about infection prevention, coupled with favorable initiatives taken by hospitals and governments, will drive demand for hospital disinfectant products & services.

Healthcare organizations and governments, in collaboration with hospitals, have been spreading some of the primary prevention and infection control methods such as appropriate hand hygiene and the correct application of necessary precautions during invasive procedures. These measures prominently include proper usage of hospital disinfectants, which is responsible for growing awareness about adoption of effective and efficient hospital disinfectant products & services.

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Key Takeaways – Hospital Disinfectant Products & Services Market Study

Hundreds of millions of patients are affected by health care-associated infections worldwide each year, leading to significant mortality and financial losses for health systems.
Poor quality of healthcare services in low to medium income countries are the most emerging regions for hospital disinfectant products & services market.
Manufacturers are focusing on formulating hospital disinfectants that have natural ingredient base to reduce the overall toxicity and prevent other disease emergence.
Lack of compliance of national guidelines and policies by hospitals may pose a threat to both mankind and the hospital disinfectant products & services market.
Implementation of Patient Protection and Affordable Care Act (PPACA), which expects a manufacturer to pay 2.3% tax on the sale of medical devices will increase expenses for sterilization equipment manufacturers. As a consequence, it may hamper the growth of the hospital disinfectant products & services market for the forecasted years.

Bloodstream infection (BSI), ventilator-associated pneumonia [VAP], urinary tract infection (UTI), and surgical site infection (SSI) are some of the common intricate hospital associated infections creating continuous opportunities for the global hospital disinfectant products & services market. Companies, thus, must manufacture products in compliance with medical regulations.

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Key Players Are

Colgate-Palmolive Company
Contec Inc.
Ecolab Inc.
Georgia-Pacific LLC
GOJO Industries Inc.
Henry Schein Inc.
Johnson & Johnson Company
Kimberly-Clark Corporation
Reckitt Benckiser Group plc
S. C. Johnson & Son, Inc.
The Clorox Company
The Procter & Gamble Company
3M Company
Belimed AG
Getinge AB
SAKURA SI Co. Ltd.
Steelco S.p.A.
STERIS PLC
Terragene S.A.
Tuttnauer

Geriatric Population Primarily Driving Demand

Affordability of various treatment services and improved healthcare policies in different countries have led to an increased life expectancy of the population. According to WHO, the global geriatric population is expected to grow from 524 million in 2010 to 2 billion by 2050. The geriatric population suffers from various diseases and requires diagnosis and treatments that involve the use of non-disposable medical equipment. Therefore, the increase in the geriatric population globally is projected to drive demand for various medicals services and disinfecting medical devices, thereby enhancing the hospital disinfectant products & services market.

The global geriatric population is expected to grow at the fastest rate in developed countries such as Italy, Germany, the U.K., the U.S., and Japan.
Increase in healthcare spending is another factor that boosts the Hospital Disinfectant Products & Services Market.

However, the leading manufacturers of hospital disinfectant have to comply with stringent rules and regulations that their products meet to gain a spearhead competition in the global hospital disinfectant products & services market.

What Does the Report Cover?

Future Market Insights, in its new research study, brings forward a detailed analysis of the global hospital disinfectant products & services market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029.

The study elaborates the insights on the hospital disinfectant products & services market on the basis of type (liquid, gels & lotions, spray & foam, wipes, devices, surveillance providers, and other types), application (skincare, surface cleaners, surveillance providers, disinfectant instrument accessories, water cleaners, and air cleaners), across seven significant regions. The study focuses on product innovations, key developments, and various opportunities and trends in the hospital disinfectant products & services market.

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Market Segmentations

By Product Type:

Liquid
Gel & Lotions
Spray & Foam
Wipes
Devices
Other Types

By Application:

Skincare
- Skin Cleansers
- Hand Sanitizers
- Surgical Scrubs
- Skin Conditioners
- Other Skincare
Surface Cleansers
- Toilet Cleansers
- Floor Cleansers
- Surface Sanitizer
- Instrument Decontaminant Solution
- Disinfectant Instrument Accessories
- Hand Sanitizer Dispensers
- UV Disinfectant
- Fogger Disinfectant
- Air Purifier
- Water Sterilizer
- Other Accessories
Water Cleaners
- Water Disinfectant Solution
- Water Disinfectant Products
Air Cleaners
- Air Neutralizer
- Air Freshener
Surveillance Providers
- Antimicrobial Stewardship
- Infection Prevention
- Other Surveillance Providers

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East & 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.

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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Capitalize on Clean Air: The Industrial Denox System Market Poised for US$ 15.5 Billion Growth by 2034

The industrial DeNOx system market is expected to be valued at US$ 9.6 billion by 2024. The market valuation is estimated to be US$ 15.5 billion by 2034, registered at a CAGR of 4.9%.

A primary market driver is increasing regulatory pressure to reduce emissions and combat air pollution. Governments worldwide are implementing stringent emissions standards and regulations, compelling industries to invest in DeNOx systems to control nitrogen oxide (NOx) emissions and comply with environmental mandates.

Growing environmental awareness and public health concerns drive the demand for denox systems as industries seek sustainable solutions to minimize their environmental footprint and demonstrate corporate responsibility.

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One significant challenge is the high upfront costs associated with installing and operating denox systems. Industries must invest substantially in equipment, technology, and infrastructure, which can impact profitability and financial viability.

Technological complexity and the need for specialized expertise pose challenges for companies implementing denox systems, requiring ongoing maintenance and optimization to ensure effective performance.

Several trends are shaping the future of the industrial denox system market. Technological advancements, including innovative catalysts and advanced control systems, are enhancing the efficiency and effectiveness of denox systems, driving market growth.

The increasing adoption of digitalization and automation technologies is streamlining operations and improving the reliability of denox systems, reducing downtime and enhancing overall performance. The rise of sustainable development goals and corporate sustainability initiatives drives industries to invest in environmentally friendly technologies like denox systems, further fueling market growth.

Key Takeaways from the Market Study

Under type, the selective catalytic reduction registered to expand at 4.7% CAGR by 2034.
The United Kingdom is estimated to register at a CAGR of 5.7% by 2034.
China experiences significant growth, projected at a CAGR of 5.6% by 2034.
Based on application, the industry segment is anticipated to expand at a 4.5% CAGR by 2034.

“The increasing regulatory pressure to reduce emissions and combat air pollution is one significant driver for the industrial denox system market,” Says an Analyst at Future Market Insights, Inc.

Competitive Landscape

The competitive landscape of the industrial DeNOx system market is characterized by established players and emerging companies vying for market share. Leading manufacturers such as Babcock & Wilcox, Mitsubishi Hitachi Power Systems, and Amec Foster Wheeler dominate the market with their comprehensive product portfolios and extensive industry experience, while new entrants offer niche solutions and challenge established players.

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Some of the key developments are:

Fuel Tech Inc. focused on expanding its portfolio of emissions control solutions, particularly emphasizing its DeNOx technology offerings. The company invested in research and development efforts to enhance the performance and efficiency of its DeNOx systems, catering to the evolving needs of industries seeking to reduce nitrogen oxide (NOx) emissions.
Haldor Topsoe A/S continued its commitment to sustainability and environmental stewardship by advancing its DeNOx technology offerings. The company focused on developing innovative catalysts and advanced control systems to improve the efficiency and effectiveness of its DeNOx solutions, meeting the stringent emissions reduction requirements of industries worldwide.

More Valuable Insights Available

Future Market Insights offers an unbiased global industrial denox system market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand market opportunities, the industrial denox system market is segmented based on Type (Selective Catalytic Reduction, Selective Non-Catalytic Reduction), Application (Utilities, Industries, Others) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).

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Sales Platforms Software Market to Reach US$ 193.1 billion by 2032 with 10.4% CAGR

The sales platforms software market is expected to increase at a CAGR of 10.4% from US$ 71.5 billion in 2022 to US$ 193.1 billion through 2032. The emergence of COVID-19 has caused a temporary halt in output, causing a downturn in several international economies. The sales platforms software market is affected. Sales enablement issues and possibilities have become more obvious than ever as a result of the COVID-19 situation.

The growing requirement among businesses to strengthen internal business processes and promote sales performance is likely to fuel the global expansion of the sales platforms software market.

Within Mid-sized Enterprises, both market dynamics are driving the demand for sales enablement, which unifies marketing and sales operations, roles, and responsibilities, as well as technology and systems. These solutions envision enablement ranging from product-level information to advanced analytics, enabling higher lead conversions, depending on the seller’s maturity.

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The proliferation of mobile devices and the availability of dependable Wi-Fi have thrown the buyer-seller relationship on its head. As the number of connected devices grows at an exponential rate, new sales channels emerge, providing potential for the sales platforms software market.

The aforementioned challenges in consumer goods and retail generate an urgent demand for sales platform solutions in the market. The uneven user experience across different access channels may hurt the sales platform software market’s growth.

As North America is a key hub for technical advancements and an early user of new technologies, it holds the largest market share in the sales platforms software market. Customers in the region are being served with best-in-class services, ensuring that they are engaged at the appropriate moment.

Their’ buying behavior has changed dramatically as a result of increased Internet, communication devices, and mobile penetration, and it is critical to approach customers with the correct content to remain competitive.

The presence of big businesses in North America’s sales platforms software market helps to fuel demand and raise knowledge about the advantages of using sales enablement technologies.

Sales enablement bridges the gap between sales and marketing, allowing businesses in the North American area to create more revenue.

Key Takeaways from the Sales Platforms Software Market Report:

The cloud-based category in the type sector of the sales platforms software market is expected to grow at a CAGR of 10.3%.
The large enterprises in the application segment of the sales platforms software market are increasing at a CAGR of 10.1%.
The sales platforms software market in the United States is expected to reach US$ 68.9 billion by 2032, growing at a CAGR of 10.2% over the study period.
By 2032, the UK’s sales platforms software market is predicted to be valued at US$ 8.1 billion, with a CAGR of 9.4%.
With a CAGR of 9.9% throughout the forecast period, China’s sales platforms software market is predicted to reach US$ 13.5 billion by 2032.
The market for sales platform software in Japan is expected to be worth US$ 11.6 billion by 2032, with a CAGR of 9.5% throughout the forecast period.
South Korea is expected to reach a sales platforms software market size of US$ 6.9 billion by 2032, with a CAGR of 9% over the forecast period.

Competitive Landscape:
The major players offering sales engagement platforms include SAP, Bigtincan, Upland Software, Showpad, Seismic, Highspot, Accent Technologies, ClearSlide, Brainshark, and others.

Seismic (US), a prominent sales platforms software provider, offers a sales and marketing enablement platform to bridge the sales and marketing divide. The seismic sales platforms software aids an organization’s sales staff in increasing transaction conversion rates and overall efficiency.

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Sales Platforms Software Market Segmentation:

By Type:

On-Premises
Cloud-based

By Application:

Large Enterprises
SMEs

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI):

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

Contact Us:

Nandini Singh Sawlani

Enterprise Data Management Market Tops US$ 208.9 Billion, 8.4% CAGR by 2032

The global enterprise data management market is anticipated to increase and reach US$ 208.9 billion by 2032, with a CAGR of 8.4%, as a result of the increasing adoption of Internet of Things (IoT) devices. The market is predicted to generate US$ 93.5 billion in 2022, a 1.1x increase from US$ 85.4 billion in revenue in 2021.

In addition, the growing inclination of organizations towards data integration is anticipated to fuel the demand for enterprise data management in the forecast period. Organizations are adopting various data integration tools that would enhance digital transformation. Furthermore, the emergence of the Industrial Internet of Things (IIoT) is likely to benefit the industry in the assessment period.

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According to Analytics Insight Report 2020, with the rising popularity of IIoT, the demand for data integration has increased considerably. On the contrary, increasing concerns about data security are likely to hamper the market growth in the forecast period. However, rising demand for risk management and software among organizations is expected to act as a significant counter to the impeding cause and expand the market reach.

Key Takeaways from the Enterprise Data Management Market Report:

The market in the U.S to hold a market value of US$ 72.8 Billion by 2032
The industry in the U.S to record a CAGR of 8.1% in the forecast period
By deployment type, the cloud segment to record a CAGR of 7.7% from 2022- to 2032
Market in Japan to garner US$ 11.8 Billion by 2032
South Korean market to expand at a CAGR of 6% in the assessment period
UK industry to flourish at a growth rate of 7.4% from 2022- to 2032

Competitive Analysis:
Key players in the global enterprise data management market include SAS Institute Inc., IBM Corporation, Oracle Corporation, Teradata Corporation, and SAP SE, among others. Recent developments in the industry are:

In July 2021, Informatica, a data integrity software solution provider, launched Intelligent Data Management Cloud on Azure for APAC. The system is an end-to-end AI-powered cloud platform providing accessibility on Microsoft Azure for APAC and SE Asia.
In December 2021, IQGeo, a renowned developer of geospatial productivity and collaboration software, launched Network Manager Electric and Network Manager Gas software solutions. The software aims to offer efficient workflow solutions to electric and gas network operators.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global enterprise data management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Enterprise Data Management Market Segmentation:

By Component:

Software

Data Security
Master Data Management
Data Integration
Data Migration

Services

Managed Services
Professional Services

By Deployment Mode:

Cloud-based Enterprise Data Management
On-Premises Enterprise Data Management

By Organization Size:

Enterprise Data Management for Small and Medium-Sized Enterprises
Enterprise Data Management for Large Enterprises

By Industrial Vertical:

Enterprise Data Management for Healthcare and Life Sciences
Enterprise Data Management for BFSI
Enterprise Data Management for IT
Enterprise Data Management for Retail and Consumer Goods
Enterprise Data Management for Media and Entertainment
Enterprise Data Management for Manufacturing
Enterprise Data Management for Energy and Utilities
Enterprise Data Management for Transportation and Logistics
Enterprise Data Management for Government and Defense
Enterprise Data Management for Other Industrial Verticals

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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

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Nandini Singh Sawlani

High Performance Fibers for Defense Market Expected to Expand at a 6.8% CAGR, Reaching US$ 2,428.7 Million by 2032

As per the latest market estimation published by Future Market Insights (FMI), the global high performance fibers for defense market is anticipated to reach a value of US$ 2,428.7 million in 2032. Robust development in the military & defense sectors, increasing government expenditure to advance military infrastructure, and growing research and development programs to develop advanced military equipment are prominent factors bolstering the consumption of high performance fibers in the global defense sector.

High-performance fibers are distinguished by their distinctive molecule and phase structures. Their use has gained momentum for creating military fibers. Aside from high modulus and tensile strength, they also have very high levels of other properties such as heat resistance, flame retardancy, operating temperature, and chemical resistance. Aramids and carbon fibers, with their high strength-to-weight ratios, are high performance fibers used for the manufacturing of a broad range of end-use products, such as body armor and helmet plates in the military and defense sector. Popular aramid brands used as defense fibers include the likes Nomex, Kevlar, and Technora.

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Both aramids and carbon fibers fibers are lightweight and offer high strength and durability compared to various other basic materials such as steel and aluminum. Zylon is also slated to expand more popular in the coming years as one of the most prominent defense clothing fibers.

Growing demand for lightweight military personnel protective equipment for safety and security in combat operations is one of the key factors boosting the sales of high performance fibers. The rise in terrorist attacks and cross-border territorial disputes have led to an increased demand for bulletproof, stab, and spike protective vests for both military and law enforcement applications across the globe. Several manufacturers are focusing on the development of lightweight body armor and can protect personnel from extreme threats and high-risk solutions, resulting in an increasing demand for high performance fibers from the defense sector.

Developing countries such as India and China, which are constantly seeking to expand their army sectors, are expected to see promising demand for body armor vests in the coming years. Developed nations are also anticipated to expand their armed forces in the times to come and contribute to market acceleration.

Key Takeaways:

The global market for high performance fibers for defense is projected to witness a healthy CAGR of 8% from 2022 to 2032.
China is estimated to account for around 55% to 60% of the Asia Pacific market for high performance fibers for defense.
India market for high performance fibers for defense is anticipated to experience a robust 4% CAGR from 2022 to 2032.
By product type, carbon fiber is estimated to be the second-largest segment accounting for a share of nearly 48% in the global market.
Military segment is expected to remain key for the consumption of high performance fiber for defense and it is estimated to account for more than 72% of the overall consumption.

“As the threat of economic recession looms large in 2023, the market for high performance fibers for defense is likely to experience few bottlenecks in the near future. However, after the global economy bounces back, the market is set to continue on its upward trajectory.” says an FMI Analyst.

Who is Winning?

The market of high performance fiber for defense is estimated to be a consolidated market, where key players are expected to account for significant shares in the market.

Top manufacturers include DuPont de Nemours Inc., Toray Industries, Inc., Teijin Limited, Avient Corporation, Kolon Industries, Inc., Huvis Corporation, Diversey Inc., ESE Industries, Honeywell International, Hexcel Corporation, Shanghai Tanchain New Material Technology Co., Ltd., Advanced Composites Inc., Hintsteiner Group GmbH, and Innovative Composite Engineering Inc.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global high performance fibers for defense market, presenting historical demand data (2017 to 2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the high performance fibers for defense market based on product type (aramids, high-modulus polyethylene, carbon fiber, polybenzoxazole (PBO), novoloid, fiberglass), and application (military, law enforcement) across seven regions.

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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Nandini Singh Sawlani

Shoe Insert Market: Sales Projection and Expected 5.4% CAGR by 2033

According to FMI forecasts, the global market for shoe inserts is expected to see a substantial rise, climbing from US$ 42.38 billion in 2023 to US$ 71.68 billion by 2033. This growth is attributed to increasing instances of conditions like arthritis, foot misalignment, and discomfort experienced during sports activities. As a result, the demand for shoe inserts is anticipated to remain consistently profitable, with an estimated Compound Annual Growth Rate (CAGR) of 5.4% by 2033.

This market growth is primarily as a result of increased consumer awareness concerning the therapeutic benefits that come with using shoe inserts. The market share has grown due to the rising frequency of foot and posture-related problems, along with an increase in demand for customized shoe insoles.

The inclination towards manufacturing shoe inserts from biodegradable and eco-friendly materials is likely to drive the market growth. The demand for shoe inserts is increasing because of new technologically advanced products, which provide support and comfort to the arch.

In addition, it is expected that the growing need for orthopedic shoe inserts especially among elderly people who have arthritis and pain joints may also contribute to market growth.

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However, it is anticipated that the market’s expansion is hampered by the high price of shoe inserts. Also, market expansion may be constrained by the availability of fake goods that don’t offer enough comfort and support. It is projected that the introduction of products made in order to meet specific needs opens up profitable market potential.

Key Takeaways

In 2022, China grew significantly in the shoe insert market, with a share of 34.9%.
The shoe insert market was significantly expanding, with a size of US$ 40.5 billion in 2022.
There is a Y-o-Y growth of 5.6% between 2022 and 2023, which is driven by the popularity of 3D-printed shoe inserts.
With a 69.8% share in 2022, the market in the United States showed signs of growth.
In 2022, India grew steadily in the shoe insert market, with a share of 29.5%.
In 2022, Japan grew significantly in the shoe insert sector, with a share of 32%.
With a 19.9% market share in 2022, Germany had strong growth in the shoe insert sector.
With a share of 44% in 2022, the orthotic insole category is predicted to dominate the market in terms of product type.
Based on material type, rubber is likely to continue dominating the sector during the forecast period, with a share of 26%.

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Key players

Otto Bock SE & Co KGaA
Diafarm Laboratories
Texon International Group Limited
Implus Footcare LLC
Sorbothane Incorporated
Aetrex Worldwide Inc.
Peacocks Medical Group
Arneplant S.L.
Birkenstock Digital GmbH
Atlantic Footcare Inc.
Digitsole
Aline Systems, Inc.
Foot Science International
Bauerfeind AG
Guangzhou Shunyang SM Co Ltd.
Currex GmbH

Key Strategies in the Industry

Key players including Superfeet, Otto Bock SE & Co KGaA, Diafarm Laboratories, Texon International Group Limited, and Implus Footcare LLC compete for market share in the highly competitive worldwide shoe inserts business.

To achieve a competitive edge, these businesses are concentrating on product innovation, strong marketing plans, and partnerships with footwear brands. Players are also forming strategic relationships with other businesses to broaden their product offerings.

Also, businesses are spending money on research and development initiatives to create new products and acquire a competitive edge. Players are also concentrating on expanding their presence through alliances, synergies, and acquisitions.

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Key segments

By Material Type:

Polymer
Plastic
Rubber
Carbon Fiber
Silicon

By Product Type:

Casual Insole
Sports/Athletic Insole
Orthotic Insole
Safety Insole

By Size (US):

4 to 5
6 to 7
8 to 9
10 to 11
12 to 13

By Consumer Orientation:

Men
Women
Kids

By Sales Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Departmental Stores
- Specialty Stores
- Multi-brand Stores
- Exclusive Stores/Franchise Stores
- Online Retailers

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding China & Japan
Japan
China
Middle East & 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 ~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

Data Center Infrastructure Management Market Predicts US$ 5.6 billion by 2032, CAGR 10.7%

The data center infrastructure management market size is expected to reach US$ 2 billion in 2022 registering a CAGR of 10.7% from 2022 to 2032. Energy-efficient data centers are expected to exceed US$ 5.6 billion by the end of 2032. The business has been experiencing an unprecedented data revolution since the recent boom in digital technology and transformation regarding storage, performance, security threats, and methods of communication.

With the adoption of internet-enabled devices over the years, the demand for data centers in various regions will continue to rise. With the rapid growth in development, the construction of data centers has increased significantly, increasing the need for DCIM solutions and services in the market. Furthermore, with the growing demand for green initiatives, government agencies across the region are working on new laws that will result in a reduction of carbon emissions, increased efficiency in energy usage, and so on.

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Key Takeaways from the Data Center Infrastructure Management Market Report:

On-premises deployment model data center infrastructure management segment to expand at a CAGR of 10.7% during the forecast period
The U.S. market is expected to reach US$ 2 Billion by 2022, growing at a CAGR of 10.5% by the end of the forecast period.
A growing number of IT sector businesses in China are expected to grow at a CAGR of 10% between the period of 2022-2032.
Data center infrastructure management had an absolute value of US$ 1.8 billion in previous years.
With the increasing expansion of data centers in Japan, the market is expected to grow at a CAGR of 9% over the forecast period.

Data Center Infrastructure Management Market Landscapes:
End users will reap the benefits of new technologies as new locations and technologies of data centers are introduced. One of the potential benefits of a strategic partnership is the ability to expand the company’s operational capabilities. Security breaches and data losses in the market can be reduced by providing businesses with smart and dynamic data centers.

In February 2022, Web Werks, an Indian data center company, will launch a new facility in Bengaluru. A new data center is being built by the company in Whitefield, its first in the state of Karnataka. It is projected that the first phase of delivery will be completed in Q4 2022. The building will provide 110,000 square feet of colocation space, 20 MVA of gross power, and 10MW of IT capacity when fully constructed.
In July 2021, an investment fund with a focus on Eastern Europe is planning to allocate more than €1 billion ($1.9 billion) to spend on digital infrastructure in the region. Investments in critical infrastructure in Central and Eastern Europe (CEE) will be carried out by the Three Seas Initiative Investment Fund (3SIIF), which was established in 2019. Specific attention is being paid to the Three Seas region as well as the 12* countries that border the Baltic, Adriatic, and Black seas. In addition to renewable energy, it has recently invested in digital infrastructure and railways.

Leading Key Players:

ABB
CommScope
Cormant
Delta Electronics
Device42
Eaton
FNT Software
Graphical Networks
GreenField Software
Hyperview

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Data Center Infrastructure Management Market Segmentation:

By Component:

Solution
Services

By Application:

Asset Management
Capacity Planning
Power Monitoring
Environment Monitoring
BI and Analytics
Others (Automated Workflow and Change Management, and Auditing and Reporting)

By Deployment Model:

On-premises
Cloud

By Data Center Type:

Enterprise Data Center
Managed Data Center
Colocation Data Center
Cloud and Edge Data Center

By Vertical:

BFSI
Government and Public Sector
IT and ITeS
Manufacturing
Healthcare and Life Science
Telecommunications
Others (Retail and E-Commerce, Education, and Media and Entertainment)

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 5000 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