Global Patient Identification Wristbands Industry to Witness Impressive 7.7% CAGR, Envisioning a Noteworthy US$ 1,038.4 Million Market by 2033 | FMI Insights

The Global Patient Identification Wristbands Industry is on the brink of unprecedented growth, as revealed by a comprehensive market analysis conducted by Future Market Insights Inc., a leading research firm. Projections indicate that industry revenues are set to skyrocket from US$ 496.7 million in 2023 to an impressive US$ 1,038.4 million by 2033, driven by a substantial Compound Annual Growth Rate (CAGR) of 7.7% throughout the forecast period.

The past decade has witnessed remarkable expansion across various facets of the global healthcare sector, marked by groundbreaking advancements in medication discovery, extensive research and development initiatives, the introduction of new and improved medical equipment, and seamless technological integration. Amidst this transformative landscape, patient safety emerges as a paramount concern.

One significant contributor to the enhancement of patient safety procedures is the patient identification wristband. For over a decade, these wristbands have played a crucial role in improving safety protocols across healthcare facilities globally. The patient identification process involves meticulous cross-checking of patient records with the details and information provided on the ID wristbands.

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This is a vital stage since it involves the patient interacting with the proper medical team. Using a barcode wristband simplifies keeping an error-free record.

The healthcare business has made significant efforts to adopt technology, including the most recent tools, gadgets, and security measures.

Patient identification bracelet makers will find more profitable business prospects as the healthcare sector’s technical infrastructure grows more efficient and advanced.

Local governments around the world are increasing their efforts in the development of low-cost raw materials for the manufacture of patient identification bracelets. This feature alone is likely to provide a major boost to the market.

Key Takeaways from the Global Patient Identification Wristbands Industry Study

  • Because of technology advancements, employees are no longer necessary to manually print labels, peel them from the sheet, and stick them to bands. As a result, it streamlines the entire process, which is one of the key causes driving the 8.2% growth trajectory of thermal Patient Identification Wristbands.
  • Hospitals are expected to grow 7.8% from 2023 to 2033. As the incidence of chronic illnesses and infections rises, hospitals are projected to witness a large increase in patient load. They will very certainly invest in patient-identifying wristbands to improve patient care, tracking, and management.
  • By 2033, the United States will top the global market and generate US$ 357 million in sales. Rapid growth in the region will be fueled by widespread adoption of advanced technology. The market is rising as the emphasis on healthcare research and development increases significantly.
  • Germany has grown by US$ 2.7 million during the last decade, with a CAGR of 9.3%. As a result of improved customer awareness, the industry is growing. In addition, government initiatives, an older population, and industry leaders all help to drive market growth.
  • China will emerge as the strongest region growing at a CAGR of 8.8%. Rapid socioeconomic advancement has had a significant impact on Chinese culture. The risk of chronic disorders in the country has increased as a result of lifestyle changes, urbanization, and an aging population.

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Some of the leading companies operating in the Global Patient Identification wristband industry are

  • McKesson Medical-Surgical Inc.
  • Thermo Fisher Scientific Inc.
  • Brady Worldwide, Inc. (PDC)
  • Zebra Technologies Corporation
  • Typenex Medical, LLC.
  • IdentiSys Inc.
  • Comfort Band,LLC
  • Medical Limited
  • Endur ID Inc.
  • Medline

Product launching is the key strategy adopted by manufacturers

Companies in the Global Patient Identification Wristbands Industry are striving to strengthen their positions through new product launches and approvals from both established and emerging market players. The product launch and acquisition accelerate the manufacturer’s strategy for capitalizing on market share and capturing a significant market share. The following are some recent examples:

  • Covenant Health, based in Massachusetts, and Medline established a $75 million prime vendor alliance in March 2022. The two firms will work together in a three-hospital health system to find new ways to improve patient outcomes and streamline supply chain procedures.
  • McKesson Corporation, a worldwide healthcare company, will launch McKesson’s Fast Returns Solution for Health Systems in September 2021. The technology assists hospitals and health systems in collecting more credit for returned prescription pharmaceuticals and over-the-counter products by expediting credit processing and streamlining the returns procedure. This allows workers to devote more attention to patients.

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Global Patient Identification Wristbands Industry By Category

By Product:

  • Laser Wristband
  • Thermal Wristband
  • Alert Wristband
  • RFID Wristband
  • Write-on Wristband

By Material Type:

  • Non-Tear Paper
  • Plastics
  • Vinyl
  • Trilaminate
  • Tyvek
  • Synthetic

By Closure Type:

  • Adhesive
  • Permanent Snap
  • Plastic Closure
  • Adjustable Clasp
  • Single-Post Snap
  • Hook & Loop

By Age Group:

  • Adult
  • Pediatric
  • Infant

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Rehabilitation Centers
  • Long-Term Care Centers

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is 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

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Insights into the Pallet Wraps Market, Forecasting a 4% CAGR Surge to Attain US$ 9.12 Billion by 2033, Propelled by Enhanced Safety, Operational Efficiency, and eCommerce Expansion

The global pallet wraps market is on the brink of substantial growth, with forecasts indicating a robust Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033. The market, which stood at US$ 6.14 billion in 2023, is poised to escalate to an impressive US$ 9.12 billion by 2033.

Pallet wraps, primarily constructed of low-density polyethylene, serve as indispensable tools in packing goods onto pallets. Renowned for their flexibility, durability, and ability to secure products tightly, pallet wraps play a pivotal role in reducing product loss, preventing load tampering, and ensuring the safety of workers.

The burgeoning demand for pallet wraps can be attributed to a multitude of factors. Reduced manufacturing costs, coupled with the integration of innovative sensors for enhanced monitoring and regulation, are driving market value growth. Additionally, the advent of advanced packaging machines has revolutionized packing processes, boosting efficiency and spurring market demand.

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Key trends such as the rising demand for lightweight solutions, increasing technological proliferation, and evolving requirements in transit packaging standards are poised to fuel pallet wrap sales. Moreover, the exponential growth of the logistics industry, driven by rapid industrialization worldwide, is anticipated to significantly bolster pallet wrap shipments.

The surge in eCommerce trends and the proliferation of online shopping platforms are expected to further amplify demand for pallet shrink wraps. Innovations in pallet stretch films, aimed at producing thinner yet stronger films, are also poised to drive market growth.

Growth Factors: The burgeoning demand for nutritious products, vital to maintaining a healthy diet, stands as a cornerstone propelling market expansion. As consumers prioritize health-conscious choices, industries worldwide are adapting to meet the evolving demands, driving the growth trajectory of the pallet wraps market.

Future Opportunities: While pallet wraps serve as indispensable tools in warehouse storage and shipping, the landscape presents a myriad of opportunities for industry participants to capitalize on global market dynamics. As industries evolve and supply chains become more intricate, stakeholders have a unique window of opportunity to innovate and redefine the role of pallet wraps in the modern era.

Market Trends: The pallet wraps industry is witnessing a notable surge in demand for black pallet wraps and pallet shrink wraps, underscoring evolving consumer preferences and market dynamics. The trend towards black pallet wraps and pallet shrink wraps reflects a growing inclination towards aesthetics, durability, and functionality, signaling a transformative shift in packaging solutions.

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Growth Opportunities in Pallet Wraps Industry:

  1. E-commerce Boom: The growing trend of online shopping and the rise of e-commerce platforms create increased demand for efficient pallet wrapping solutions to ensure secure and damage-free transportation of goods.
  2. Sustainability Focus: As businesses and consumers become more environmentally conscious, there is a rising demand for eco-friendly and recyclable pallet wrapping materials, presenting opportunities for sustainable packaging solutions in the market.
  3. Automation Integration: The adoption of automated pallet wrapping systems is on the rise, offering opportunities for companies providing advanced technologies that enhance efficiency, reduce labor costs, and ensure consistent wrapping quality.
  4. Global Supply Chain Expansion: With businesses expanding their global footprint, there is a growing need for reliable and durable pallet wrapping solutions to secure products during international shipping, presenting opportunities for market players to cater to the evolving logistics landscape.
  5. Customization and Innovation: Manufacturers that offer customizable and innovative pallet wrapping solutions, such as stretch films with enhanced load stability or specialized features, can capitalize on the demand for tailored packaging solutions in various industries.

Industry Trends:

  1. Rise of Sustainable Materials: The pallet wraps market is witnessing a shift towards sustainable materials, with an increasing preference for biodegradable films, recyclable materials, and other environmentally friendly options.
  2. Technological Advancements: Industry trends include the incorporation of advanced technologies such as IoT (Internet of Things) for real-time tracking, monitoring, and data analytics to optimize pallet wrapping processes and improve overall supply chain visibility.
  3. Increased Automation: The industry is experiencing a trend towards greater automation in pallet wrapping processes, with the integration of robotic palletizers and automated wrapping machines to enhance efficiency and reduce labor costs.
  4. Regulatory Compliance: Stringent regulations related to packaging waste and environmental impact are influencing the industry, prompting companies to adopt compliant practices and materials, aligning with global sustainability goals.
  5. Demand for High-Performance Films: There is a growing demand for high-performance pallet wrapping films that offer superior load stability, puncture resistance, and overall durability, catering to industries with specific packaging requirements such as pharmaceuticals, electronics, and food.

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Key Segments

By Thickness:

  • <15 mm Pallet Wraps
  • 15-30 mm Pallet Wraps
  • 31-45 mm Pallet Wraps
  • >45 mm Pallet Wraps

By Product:

  • Hand Wrap Rolls
  • Machine Rolls

By Film:

  • Blown Film Pallet Wraps
  • Cast Film Pallet Wraps

By Material:

  • Polyethylene Pallet Wraps
    • LLDPE
    • LDPE
    • HDPE
  • Polyethylene Pallet Wraps
  • Polypropylene Pallet Wraps
  • Polyethylene Terephthalate Pallet Wraps
  • Polyamide Pallet Wraps
  • PVdC Pallet Wraps

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Chemicals & Fertilizers
  • Personal Care & Cosmetics
  • Consumer Goods
  • Automotive
  • Electrical & Electronics

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Exploring the Ascending Trajectory of the Machine Glazed Paper Market, Projecting a 4.6% CAGR to Reach US$ 21.63 Billion by 2033 Amidst the Expanding Food and Packaging Industry

The machine-glazed paper market is poised for remarkable growth, according to the latest market projections. With an anticipated Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period, the market is projected to surge from US$ 13.81 billion in 2023 to an impressive US$ 21.63 billion in 2033.

The rapid expansion of the machine glazed paper industry can be attributed to the escalating demand for eco-friendly packaging solutions, particularly in the food and packaging sectors. Over the past two decades, the industry has witnessed exponential growth, driven by the increasing preference for sustainable packaging media.

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While plastic remains a popular choice for packaging due to its affordability and lightweight properties, the demand for environmentally friendly alternatives has propelled the adoption of machine glazed paper. Renowned for its sturdiness and versatility, machine glazed paper is extensively utilized in the packaging of various food items, including vegetables, sugar, wheat, and dried fruits, ensuring food safety and preservation.

Several growth factors are contributing to the burgeoning demand for machine glazed paper. The utilization of glazed tiles for enhanced visual appeal and ease of maintenance is driving market expansion, presenting lucrative opportunities for stakeholders. Furthermore, the escalating investments in the construction and renovation of residential and commercial buildings are fueling the growth of the glazed tile market, thereby augmenting the demand for machine-glazed paper.

Key Points: 

  • One of the factors driving the machine-glazed papers market is the increasing demand for the product due to its high strength and ideal combination of gloss and smoothness.
  • The machine-glazed paper market is expected to record a CAGR of 4.6% during the forecast period 2023 to 2033.
  • Asia Pacific dominated the machine-glazed paper market.

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Key Development:

  • July 2019 – Clayton Glass upgraded its glass manufacturing facilities to become the leading glass factory in the Mainland United Kingdom. The company committed US$ 1.7 million to this development, which included the installation of a brand-new, third completely automated Bystronic IGU line.
  • October 2019 – Clayton Glass purchased the services, business, and manufacturing capabilities of Nottinghamshire-based glass company Global Glass from Aperture Trading Limited. Clayton has been able to dramatically enhance its sales volumes, manufacturing facilities, and geographical reach as a result of this acquisition.
  • September 2021 – Valmet, an industrial machinery manufacturer for the paper and pulp industries, agreed to supply MG paper machine technology to Muda Paper Mills Sdn. Bhd in Malaysia to produce food packaging quality machine glazed paper.
  • March 2022 – BillerudKorsnas AB, a prominent Swedish paper and packaging materials company, bought Verso Corporation, a United States-based manufacturer of coated groundwood, coated freesheet, and specialized products such as machine glazed paper.
  • August 2020 – UFlex, an Indian multinational company in flexible packaging manufacturing, launched ‘Kraftika,’ a paper-based tube pack. Furthermore, the growth of e-commerce is pushing demand for corrugated boxes constructed from machine glazed kraft papers.

Key Companies in the Market are as follows

  1. International Paper Company
  2. Nippon Paper Industries Co
  3. Stora Enso Oyj
  4. Smurfit Kappa Group
  5. Mondi Group Plc
  6. BillerudKorsnas AB
  7. Heinzel Group

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Key Segments

By Basis Weight:

  • Up to 40 GSM
  • 41 to 70 GSM
  • 71 to 100 GSM
  • Above 100 GSM

By Paper Type:

  • Tissue Paper
  • Kraft Paper

By Grade:

  • Unbleached
  • Bleached

By Application:

  • Bags & Pouches
  • Sacks
  • Wraps
  • Labels
  • Release Liners

By End User:

  • Food & Beverages
  • Healthcare
  • Electrical & Electronics
  • Automotive

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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
LinkedIn| Twitter| Blogs | YouTube

Unveiling the Growth Trajectory of the Industrial Paper Sacks Market amidst Environmental Advocacy and Plastic Bans, Forecasting a 4.2% CAGR to Reach US$ 5.4 Billion by 2033

The global industrial paper sacks market is poised to witness remarkable growth, according to the latest market analysis. The market, which held a share of US$ 3.6 billion in 2023, is anticipated to escalate to a staggering US$ 5.4 billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period.

The research report delves into the dynamics driving this exponential growth, attributing it to a variety of factors. Notably, the surge in demand for industrial paper sacks is primarily propelled by escalating environmental concerns, stringent plastic bans, and the burgeoning preference for bio-degradable packaging solutions. Governments worldwide are increasingly advocating for paper packaging as a sustainable alternative, thereby fostering market expansion.

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Moreover, heightened consumer consciousness regarding climate change and soil health further bolsters the demand for eco-friendly packaging solutions. This growing awareness is paving the way for greener alternatives to plastics, with multiwall paper sacks emerging as a prominent choice. These innovative packaging solutions not only address environmental concerns but also offer enhanced durability and sustainability.

Enterprises leveraging paper sack packaging stand to benefit from a myriad of advantages, including access to creative printing options and cutting-edge paper engineering innovations. As industries worldwide continue to expand, particularly in the food and beverage sector, the demand for industrial paper sacks is poised to soar. Notably, companies venturing into regions like Asia Pacific are spearheading the adoption of sustainable packaging practices through the widespread utilization of paper sack bags.

Key Points

  • The market in China is likely to lead the industrial paper sacks market in terms of CAGR and industry share. The market is expected to record a CAGR of 6.9% during the forecast period. The market growth is attributed to the growing environmental consciousness among people, along with the growing sustainable packaging businesses. The regional market is expected to hold a value of US$ 1.4 Billion by 2033.
  • The United States industrial paper sacks industry is another significant market with an expected CAGR of 3.1% between 2023 and 2033. The regional growth is attributed to the stringent government rules around the use of plastic and increased consumer consciousness. The market is anticipated to reach a value of US$ 991.2 million by 2033.
  • The unbleached segment is likely to thrive in the grade type category as it is anticipated to record a CAGR of 4.0% between 2023 and 2033. The growth is attributed to factors like the rusty look, better customization options, and economical price.
  • The pinched bottom open-mouth segment is expected to top the product type category with an expected CAGR of 4.3% during the forecast period. The growth of this segment is fueled by higher consumption.

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Competitive Landscape

The key competitors focus on producing durable paper sacks that can carry industrial and construction materials. Key players also focus on using better GSM paper with high-quality processing. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

The key players in the market are Mondi Group, Smurfit Kappa, Klabin S.A, Billerudkorsnas AB, Gascogne Group, Segezha Group, LC Packaging International BV, Simpac Ltd., Edna Group, Essentra plc, Kapstone Paper & Packaging Corp., Rosenflex UK Ltd., Novolex Holdings Inc., Bischof & Klein GmbH & Co. KG, Indevco, Rengo Co. Ltd., and Conitex Sonoco Inc.

Industry Trends:

  1. Customization and Branding: Companies are increasingly focusing on customized industrial paper sack solutions to meet specific customer requirements. The ability to incorporate branding elements and tailored designs is emerging as a trend to create a unique identity in the market.
  2. Digitalization of Supply Chains: The integration of digital technologies, such as RFID (Radio-Frequency Identification) and IoT (Internet of Things), into the supply chain is gaining traction. This trend enhances traceability, inventory management, and overall efficiency in the industrial paper sacks market.
  3. Emphasis on Lightweight Packaging: There is a growing trend towards lightweight packaging solutions in the industrial paper sacks market. Manufacturers are exploring ways to reduce the weight of paper sacks while maintaining strength and durability, leading to cost savings and environmental benefits.
  4. Introduction of High-Performance Coatings: To enhance the protective qualities of industrial paper sacks, there is a trend towards incorporating high-performance coatings. These coatings improve resistance to moisture, grease, and other external factors, expanding the range of applications for paper sacks.
  5. Rise of E-commerce Packaging Solutions: With the surge in e-commerce activities, there is an increasing demand for industrial paper sacks suitable for online product packaging. This trend reflects the adaptability of paper sacks to the evolving needs of the packaging industry driven by the growth of online retail.

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Key Segments

By Product Type:

  • Sewn Open Mouth
  • Pinched Bottom Open Mouth
  • Valve Sacks
  • Open Mouth Sacks

By Grade:

  • Unbleached
  • Bleached

By Thickness:

  • 1 ply
  • 2 ply
  • 3 ply
  • >3 ply

By End Use:

  • Building & Construction
    • Mortar
    • Cement
    • Concrete
  • Chemicals
  • Agriculture & Allied Industries
    • Crops
    • Flour
    • Coffee/Tea
    • Fruits & Veg
    • Seeds
    • Animal Feed
    • Others
  • Food
    • Sugar
    • Salt
    • Cacao
    • Starch
    • Others
  • Other Industrial

By Region:

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

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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 

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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Global Notebook Market Set to Reach $96.2 Billion by 2034, Fueled by Surging Demand and Technological Advancements

The global notebook market is on an upward trajectory, driven by the rising adoption of cloud computing solutions. Market experts project substantial growth in the coming years as cloud technology becomes increasingly integral to modern business operations.

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Key Takeaways:

  • The notebook market is set to flourish amid the rapid rise of cloud computing.
  • Security concerns and uninterrupted connectivity drive notebook adoption.
  • Regional trends indicate varied growth opportunities for market players.
  • While promising, data privacy and cybersecurity remain critical challenges.

Drivers and Opportunities:

  1. Cloud Computing Adoption: The surge in cloud adoption is a primary driver, propelling the notebook market forward.
  2. Security Concerns: Heightened security concerns drive the need for secure, cloud-based storage solutions, favoring notebooks.
  3. Internet Connectivity: The demand for uninterrupted Internet connectivity is boosting the market’s growth prospects.

Competitive Landscape – Regional Trends: The competitive landscape of the notebook market is evolving as regions worldwide embrace cloud computing. Companies are positioning themselves to capitalize on this shift, fostering innovation in hardware configurations and cloud-compatible features.

Restraints: While the future looks promising, potential restraints include data privacy concerns, network latency, and the need for robust cybersecurity measures.

Region-wise Insights – Category-wise Insights:

  • North America: Leading the cloud computing charge, North America is a hotspot for notebook market growth.
  • Asia-Pacific: Emerging economies in this region show great potential for notebook sales, driven by cloud adoption.
  • Europe: Increasing concerns about data security are spurring notebook market growth.

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Notebook Market Taxonomy

Type :

  • Desktop Replacement Notebook
  • Mainstream Notebook
  • Standard Portable Notebook
  • Sub-Notebook

Application :

  • Corporate offices
  • Gaming
  • Others

Price Range :

  • Below US$ 500
  • US$ 501- US$ 1000
  • US$ 1001 – 1500
  • More than US$ 1500

Region :

  • North America
  • Latin America
  • APEJ
  • Japan
  • MEA
  • Western Europe
  • Eastern Europe

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About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Retail Automation Market to Surge at 9.7% CAGR, Reaching $47.7 Billion by 2033: FMI Report

The retail automation market is about to embark on an extraordinary transformational journey and is expected to experience incredible growth. With a stunning value of United States$ 18,845.3 million in 2023, this dynamic industry is anticipated to soar to an expected value of United States$ 47,706.8 million by 2033, advancing at an excellent CAGR of 9.7% throughout the forecast period (2023 to 2033).

A wide range of motivating factors has fueled this astounding expansion. One of the main drivers is the growing demand for contactless and self-service technology, which is being driven by the desire for increased convenience and safety in the wake of recent international events. Modern robotics and artificial intelligence have been effectively incorporated into retail processes to improve operations, streamline inventory management, and provide individualized consumer experiences. Modern robotics and artificial intelligence have been effectively incorporated into retail processes to improve operations, streamline inventory management, and provide individualized consumer experiences.

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Key Takeaways

  • Dominance of the United States: With a staggering 14.3% market share, the United States is the world leader in the use of retail automation. It commands a leading position in the international market because of its sophisticated technological infrastructure and significant adoption of automation solutions.
  • Germany’s Strong Position: Germany gains a significant market share of 6.5%, demonstrating its dedication to utilizing cutting-edge technologies for improving retail procedures. Its established manufacturing capabilities and focus on precision engineering help give it a competitive advantage.
  • Japan’s Consistent Growth: With a 3.2% market share, Japan shows consistent growth in the use of retail automation. Japan, which is renowned for its technology achievements and culture of efficiency, continues to embrace automation to improve its retail environment.
  • China’s Rapid Rise: With a sizeable 10.3% market share, China is quickly establishing itself as a retail automation powerhouse. China’s economic trajectory is both stunning and formidable, propelled by a sizable consumer base and a desire to adopt contemporary retail practices.
  • India’s Increasing Potential: With an 8.2% market share, India has encouraging potential in the field of retail automation. India is positioned for faster adoption of automation technology as the nation’s retail sector undergoes a digital transformation and consumer preferences change.
  • Australia and the United Kingdom: With minor percentages of 3.4% and 13.3%, respectively, Australia and the United Kingdom While the United Kingdom exploits its existing retail landscape to embrace automation for increased operational efficiency, Australia’s adoption is driven by its tech-savvy populace and booming retail business.

Competitive Landscape

The retail automation sector is on the verge of escalating competition, which is expected to do so in the next years. The heated competition among market participants competing for a larger market share has been sparked by the spike in demand for retail automation solutions, which is being fueled by the quest of improved efficiency and seamless consumer experiences.

The steady influx of new and creative technologies that continue to transform the industry’s landscape and tempt organisations to stay at the forefront of improvements is what fuels this competitive environment. The competition for domination grows more intense as the market draws more players—both seasoned titans and quick-moving startups.

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Datalogic S.p.A.

A company based in Italy that offers many different retail automation solutions, such as self-checkout kiosks, RFID technology, and portable PCs. The business places a high priority on innovation and is continually creating new technology to assist retailers in streamlining their processes.

NCR Corporation

A United States company that offers POS systems, self-checkout kiosks, inventory management systems, and other retail technology solutions. The business has a lengthy history in the retail sector and is renowned for its top-notch goods and services.

First Data Corporation

A United States corporation that offers a variety of payment processing options, including mobile payments, contactless payments, and self-checkout kiosks. The business prioritizes innovation and is always coming up with new strategies to assist merchants in accepting payments.

Toshiba Global Commerce Solutions

A Japanese company that offers a variety of self-checkout kiosks, RFID devices, mobile laptops, and other retail automation solutions. The corporation is well-known for its top-notch goods and services and has a significant market share in the Asia-Pacific area.

Key Developments

  • AI and Autonomous Mobile Robots Transform Retail: Retail automation is changing as a result of the growing use of autonomous mobile robots (AMRs) and autonomous guided vehicles (AGVs). While artificial intelligence (AI) and machine learning (ML) improve performance across self-checkout kiosks, inventory management systems, and customer care chatbots, these smart robots streamline order fulfillment, restocking, and goods transportation.
  • Meeting Contactless Demands with Automation: The COVID-19 pandemic has pushed the demand for contactless and self-service technology, and retail automation offers a solution. To meet evolving consumer desires for a safer and more convenient shopping experience, retailers are turning to automation to provide seamless, contactless checkout, payment alternatives, and access to customer service professionals.

Key Segments

By Product Type:

  • Manned POS Terminal
  • Unattended Terminals

By Market:

  • Organized Market
  • Unorganized Market

By Industry:

  • FMCG
  • Health and Personal Care
  • Apparel and footwear
  • Hospitality
  • Consumer Electronics
  • Travel and Logistics
  • Oil & Gas
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific

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Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Driving Growth: Public Cloud Application Market Soars with Scalability and Fast Access to Computing Resources

The popularity of cloud-based apps and services market provided by third parties, known as public cloud application services, is continually rising. Its offerings include infrastructure as a service (IaaS), software as a service (SaaS), and platform as a service (PaaS).

Along with the increasing demand for online and mobile apps, the market is expanding due to the acceleration of the digital revolution. With a projected value of US$ 130,550 million and a compound yearly growth rate of 23.7%, Future Market Insights projects that the market for public cloud application services will expand rapidly.

The market is anticipated to expand significantly in the next years as a result of rising company adoption of cloud computing, rising demand for scalable and affordable IT solutions, and rising availability of cloud services with increased security.

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Better security is always needed, and using cloud infrastructure has the added advantage of making secure access—even for remote access—simpler. As a result, public cloud services are increasingly being associated with corporate agility and speed.

The growth of Infrastructure as a Service (IaaS) has opened up new possibilities for employing public cloud services. As a result, there is no doubt that the enterprise IT value chain is evolving. A new trend in many firms is the combining of on-premises IT infrastructure with cloud architecture, and this cloud infrastructure continues to be the best way to deploy public IaaS.

Key Takeaways of Public Cloud Application Infrastructure Services Market Study

  • Among the application segment, the application infrastructure & middleware sub-segment is expected to witness a high growth rate during the forecast period, owing to the increasing adoption of digital business models, and modern application infrastructure to connect data, software, users, and hardware.
  • East Asia is expected to create lucrative growth opportunities for players in the public cloud application infrastructure services market, owing to the IT organizations migrating their business-critical infrastructure to the cloud, and increased adoption of hybrid IT, in the countries of this region.

Increasing Adoption of Public Cloud Application Infrastructure Services amid the COVID-19 Pandemic outbreak

The increasing work-from-home scenario amid global lockdowns due to the COVID-19 outbreak, would drive the market for public cloud application infrastructure services during Q2-Q4 2020. Public cloud application infrastructure service-based offerings such as application development, database management systems, business intelligence platform, and others would grow at an unprecedented rate. However, new technologies such as AI, Robotics, AR/VR, IoT, cognitive security, etc., would see a surge in adoption owing to the increasing new use cases and new market opportunities. In addition, the overall public cloud application infrastructure services market is projected to grow at an increasing rate, from Q1 2021 onwards.

Introduction of New Public Cloud Application Infrastructure Services to Remain Key Strategy

Key vendors focusing on public cloud application infrastructure platforms are strategizing to develop and innovate new services related to public cloud infrastructure technology in order to achieve full global coverage and enhanced customer experience.

  • In September 2019, Oracle partnered with VMware to provide support customers for implementing hybrid cloud strategies. According to this partnership, customers are able to execute their hybrid cloud strategies by using VMware Cloud Foundation on Oracle Cloud Infrastructure.

North America Market Set to Dominate the Global Public Cloud Application Services Market in Terms of Revenue

The market in North America is set to dominate the global public cloud application services market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America public cloud application services market is the most attractive market, growing at a robust CAGR over the forecast period.

More Valuable Insights on Public Cloud Application Infrastructure Services Market

FMI’s report on the public cloud application infrastructure services market is segmented into five major sections such as application type (application development, application infrastructure & middleware, business intelligence platform, database management systems, others), platform services (data services, application platforms, integration services, development & lifecycle services, other platform services), enterprise (large enterprise, small & medium enterprise), vertical (government, BFSI, healthcare, telecommunication, media & entertainment, energy & utilities, retail/ wholesale, manufacturing,  transportation, and others) and region to help readers understand and lucrative evaluate opportunities in the public cloud application infrastructure services market.

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Public Cloud Application Services Market: Segmentation

The global Public Cloud Application Services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Application

  • Business Intelligence Application
  • Customer Relationship Management
  • Digital Content Application
  • ERP Application
  • Enterprise Content Management
  • Office Suites
  • Project Management
  • Supply Chain Management
  • Social Software Suites
  • Application Software

By Enterprise

  • Large Enterprise
  • Small & Medium Enterprise

By Vertical

  • Government
  • BFSI
  • Healthcare
  • Telecommunication
  • Media & Entertainment
  • Energy & Utilities
  • Retail/ Wholesale
  • Manufacturing
  • Transportation
  • Others

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Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Revolutionizing Fitness: Wearable Fitness Tracker Market Set to Soar, Projected at US$30.9 Billion in 2024

The global wearable fitness tracker market is anticipated to reach a valuation of US$ 30,922.1 million in 2024, driven by incorporation of AI and ML. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 15.7% between 2024 and 2034, and reaching a total valuation of approximately US$ 133,218.4 million by 2034.

One of the major factors contributing to the growth of the market is the subscription based models, which are adopted by some companies, where users pay for advanced features, premium content, or extended services within the fitness tracker ecosystem.

The establishment of regulatory standards for health and fitness wearables can provide a level of assurance for consumers regarding the accuracy and reliability of these devices. Regulatory support can also drive innovation and market growth by creating a more stable and trustworthy environment.

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There is a growing interest in integrating continuous blood glucose monitoring into wearable fitness trackers. The feature can be particularly valuable for individuals with diabetes or those looking to monitor their glucose levels for overall health and fitness management.

Wearable fitness trackers with enhanced sleep tracking features are gaining popularity. Devices that not only monitor sleep patterns but also provide insights and suggestions for improving sleep quality are becoming more prevalent.

The integration of wearable fitness trackers with virtual assistants, such as Siri, Google Assistant, or Alexa, allows users to access information, set reminders, and control other smart devices using their fitness tracker. The trend adds a layer of convenience and functionality.

The rise of telehealth services presents an opportunity for wearable fitness trackers to integrate seamlessly with virtual healthcare platforms. The integration can enable users to share their health data with healthcare professionals for remote consultations and monitoring.

Key Takeaways from the Market Study

  • Global wearable fitness tracker market was valued at US$ 26,787.8 million by 2023-end.
  • From 2019 to 2023, the market demand expanded at a CAGR of 14.6%.
  • The market in India is expected to expand at a CAGR of 16.7% through 2034.
  • By product type, the wrist wear segment to account for a share of 43.4% in 2024.
  • From 2024 to 2034, wearable fitness tracker market is expected to flourish at a CAGR of 15.7%.
  • By 2034, the market value of wearable fitness tracker is expected to reach US$ 133,218.4 million.

“Some manufacturers are exploring modular designs that allow users to upgrade specific components of their fitness trackers, such as sensors or display modules. The approach promotes longevity and reduces electronic waste” –opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

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Restraints

Despite its promising growth trajectory, the wearable fitness tracker market faces challenges associated with data security and privacy concerns. Moreover, the pricing of advanced trackers remains a barrier for mass adoption, particularly in emerging economies, thus restraining market penetration to a certain extent.

Recent Developments

  • In 2023, Huawei announced the launch of its new Huawei Watch GT 3 Pro, which features a new 30 day battery life and a new ECG app for detecting atrial fibrillation.
  • In 2022, Apple announced the launch of its new Apple Watch Series 7, which features a new larger display and a new fast charging feature.
  • In 2022, Samsung announced the launch of its new Galaxy Watch 4, which features a new Wear OS operating system and a new body composition analysis feature.
  • In the same year, Fitbit announced the launch of its new Fitbit Charge 5, which features a new stress management score and a new ECG app for detecting atrial fibrillation.

Key Companies Profiled

  • Apple Inc.
  • Fitbit Inc.
  • Samsung Electronics
  • Sony Corporation
  • Xiaomi
  • Garmin Ltd.
  • Fossil Group
  • Jawbone
  • TomTom International BV
  • Huawei Technologies Co., Ltd.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global wearable fitness tracker market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the wearable fitness tracker market, the market is segmented on the basis of product type (wrist wear, leg wear, smart garments, and others), application (pedometer, heart rate monitor, daily activity tracker, call text and calendar, sleep tracking, GPS tracking, and others), distribution channel (e-commerce, and retail stores), and age group (0 to 5 years, 6 to 18 years, 19 to 24 years, 25 to 44 years, 45 to 60 years, and 60+ years), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Segmentation Analysis of the Wearable Fitness Tracker Market

By Product Type:

  • Wrist Wear
  • Leg Wear
  • Smart Garments
  • Others

By Application:

  • Pedometer
  • Heart Rate Monitor
  • Daily Activity Tracker
  • Call Text and Calendar
  • Sleep Tracking
  • GPS Tracking
  • Others

By Distribution Channel:

  • E-Commerce
  • Retail Stores

By Age Group:

  • 0 to 5 Years
  • 6 to 18 Years
  • 19 to 24 Years
  • 25 to 44 Years
  • 45 to 60 Years
  • 60+ Years

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

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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Public Cloud Application Infrastructure Services Market Set to Skyrocket: Industry to Reach US$ 22.5 Billion by 2033

During the projection period of 2020–2030, the value of the worldwide public cloud application infrastructure services market is expected to grow at a CAGR of 24.5%.

ongoing demand for more security and the bonus of using cloud infrastructure, which simplifies secure access even for distant access. As a result, public cloud services are becoming more and more linked to corporate agility. The use of public cloud services has become more feasible due to the expansion of Infrastructure as a Service (IaaS).

The enterprise IT value chain is undoubtedly changing as a result. Combining on-premises IT infrastructure with cloud infrastructure is a new trend in many businesses, and it’s still the best way to get public IaaS acceptance.

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Key Takeaways of Public Cloud Application Infrastructure Services Market Study

  • Among the application segment, the application infrastructure & middleware sub-segment is expected to witness a high growth rate during the forecast period, owing to the increasing adoption of digital business model, and modern application infrastructure to connect data, software, users, and hardware.
  • East Asia is expected to create lucrative growth opportunities for players in the public cloud application infrastructure services market, owing to the IT organizations are migrating their business-critical infrastructure to the cloud, and increased adoption of hybrid IT, in the countries of this region.

Increasing Adoption of Public Cloud Application Infrastructure Services amid the COVID-19 Pandemic outbreak

The increasing work-from-home scenario amid global lockdowns due to COVID-19 outbreak, would drive the market for public cloud application infrastructure services during Q2-Q4 2020. Public cloud application infrastructure service-based offerings such as application development, database management systems, business intelligence platform, and others would grow at unprecedented rate.

However, new technologies such as AI, Robotics, AR/VR, IoT, cognitive security etc., would see surge in the adoption owing to the increasing new use-cases and new market opportunities. In addition, the overall public cloud application infrastructure services market is projected to grow at increasing rate, Q1 2021 onwards.

Introduction of New Public Cloud Application Infrastructure Services to Remain Key Strategy

Key vendors focusing on public cloud application infrastructure platforms are strategizing to develop and innovate new services related to public cloud infrastructure technology in order to achieve full global coverage and enhanced customer experience.

  • In September 2019, Oracle partnered with VMware to provide support customers for implementing hybrid cloud strategies. According to this partnership, customers are able to execute their hybrid cloud strategies by using VMware Cloud Foundation on Oracle Cloud Infrastructure.

More Valuable Insights on Public Cloud Application Infrastructure Services Market

FMI’s report on the public cloud application infrastructure services market is segmented into five major sections such as application type (application development, application infrastructure & middleware, business intelligence platform, database management systems, others), platform services (data services, application platforms, integration services, development & lifecycle services, other platform services), enterprise (large enterprise, small & medium enterprise), vertical (government, BFSI, healthcare, telecommunication, media & entertainment, energy & utilities, retail/ wholesale, manufacturing,  transportation, and others) and region to help readers understand and lucrative evaluate opportunities in the public cloud application infrastructure services market.

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Public Cloud Application Infrastructure Services Market: Segmentation

The global public cloud application infrastructure services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Application Type

  • Application Development
  • Application Infrastructure & Middleware
  • Business Intelligence Platform
  • Database Management Systems
  • Others

By Services

  • Data Services
  • Application Platforms
  • Integration services
  • Development & Lifecycle Services
  • Other Platform Services

By Enterprise Size

  • Large Enterprise
  • Small & Medium Enterprise

By Verticals

  • Government
  • BFSI
  • Healthcare
  • Telecommunication
  • Media & Entertainment
  • Energy & Utilities
  • Retail/ Wholesale
  • Manufacturing
  • Transportation
  • Others

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Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cloud Business Email Market Soars, Projected to Reach USD 2.15 Billion by 2027

In terms of revenue contribution to the global industry, the North American cloud business email market is ready to capitalize on regional technology improvements and expand into the largest regional market. Some companies have begun using the G-Suite with additional AI technologies to deliver business email more effectively in an attempt to draw in clients.

Due to the development of innovative and cutting-edge technologies that are encouraging the growth of the worldwide market, the IT sector is experiencing tremendous change on a global scale. Corporate email solutions are only one of the numerous everyday business chores that businesses have profited from as a result of the widespread use of cloud computing.

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In the previous few years, financial establishments all over Europe have been fast in the reception of hosted cloud services transversely public clouds to guarantee expedient speedy financial services delivery in an offer to meet changing sector and consumer needs with more productivity and more noteworthy ease of security concerns. This is altogether adding to the revenue development of the Europe cloud business email market.

After APEJ, Western Europe and North America would be essentially higher development markets in the worldwide market for cloud business email. The Western Europe market would record steady incremental prospects of US$ 498.5 Million during 2017-2027 whereas APEJ will record incremental prospects of US$ 823.2 Million amid the assessment time frame.

Key Takeaways from Market Study

The solution provider is incessantly centering on carrying out the G suite with add-on AI features to provide enhanced delivery of enterprise email in an offer to pull in users. Illegal intrusions, increasing cyber threats, and data security issues, which is the foremost challenge for the worldwide market. The mainframe, UNIX, Linux, Windows, and others, these are functioning environment catered for the market. The rising acceptance of BYOD technology in business enterprises is a foremost prospect for the worldwide market.

Increasing Adoption of Cloud Business Email Solution amid the COVID-19 Pandemic outbreak

Nowadays, the COVID-19 crisis around the world showed that several organizations need to ensure they can work from anywhere, anytime, and creating greater urgency to adopting all forms of cloud. During this COVID-19 crisis, office-based employees have become remote workers. Cybercriminals can take advantage of distracted employee web browsing behavior and email behavior.

As a result of COVID-19, Cybercriminals are also taking advantage of extensive discussion of the outbreak in cloud business emails and across the web. There continues steady growth in the number of COVID-19-related spear-phishing attacks, up 67% since the end of March. Increasing adoption of cloud business email solution with artificial intelligence to detect signs of malicious intent and deception with every email.

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Increasing Demand of Hosted Cloud Services by Financial Institutions

Financial institutions across the globe have been quick in the adoption of hosted cloud services across public clouds to ensure speedy delivery of financial services in a bid to meet changing industry and customer demands with more efficiency and greater ease of security concerns. This is significantly adding to the revenue growth of the cloud business email market.

Key Players :

Prominent companies in the cloud business email market includes Microsoft Corporation, IBM Corporation, Google Inc., Micro Focus International Plc., NEC Corporation, Amazon Web Services, Inc., Hitachi, J2 Global Inc., Fujitsu, and among others.

More Valuable Insights on Cloud Business Email Market

FMI’s report on the cloud business email market is segmented into three major sections such as operating environment (windows, Linux, Unix, Mainframe, and others), verticals (BFSI, healthcare, media & entertainment, IT & telecom, energy & power, automotive, consumer goods & retail, and others), and region to help readers understand and lucrative evaluate opportunities in the cloud business email market.

Cloud Business Email Market: Segmentation

The global Cloud Business Email market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Operating Environment:

  • Windows
  • Linux
  • Unix
  • Mainframe
  • Others

By Verticals:

  • BFSI
  • Healthcare
  • Media & Entertainment
  • IT & Telecom
  • Energy & Power
  • Automotive
  • Consumer Goods & Retail
  • Others

By Region:

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

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Author:

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube