Sports Betting Market Soars with Impressive 10.3% CAGR, En Route to US$ 245,792.4 Million by 2033

The sports betting market is projected to reach a value of approximately US$ 91.9 billion in 2023, and it is anticipated to grow at an average annual rate of 10.3% to reach a value of around US$ 245.8 billion by the year 2033.

The sports betting market growth of connected smart smartphones, changes in the South Asian economies’ digital landscape, and an increase in the popularity of online betting among millennial are the main factors influencing the sports betting market future trends as well as sports betting market adoption trends.

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The Covid-19 phase has pushed younger people to spend more time on smartphones, which has favoured adoption of sports betting. The younger population is primarily concentrated in Asian countries. During lockdowns that had a positive effect on the sports betting market key trends and opportunities, consumers gravitated most toward the internet platform to solve their monetary, social, and psychological issues.

The proliferation of wireless connectivity and the expansion of digital infrastructure are driving the sports betting market. Consumer behaviour has changed as a result of the increased use of smartphones also surging the demand for sports betting, including how people bet on games.

Additionally, as there are more sporting competitions and leagues, there is a rising demand for sports betting resulting in boosted sales of sports betting.

The most bets are placed on sports like football, basketball, baseball, hockey, cricket, boxing, and auto racing. Sports betting include non-athletic events like eSports and horse racing.

Additionally, as internet usage has increased, there have been more investments made in online platforms, which has led to sports betting market growth.

Key Takeaways from the Sports Betting Market Report:

  • The online platform segment, which is predicted to dominate the sports betting market with growth at a CAGR of 12.6% through 2032, led the sports betting market in terms of platforms.
  • While the eSports betting segment is expected to grow at the fastest CAGR of 14.8% through 2032, the fixed odds wagering segment currently holds a sports betting market share of over 25%.
  • Football holds a 23.0% sports betting market share in terms of sports type and is anticipated to grow over time.
  • The second-largest sports betting market share was held by the horse racing industry, which is projected to expand at a CAGR of 10.3% through 2032.
  • Through 2032, sports betting market growth in the basketball and baseball segments is anticipated to be close to 10%.
  • Around 30.0% of revenue of sports betting market was generated in the Asia Pacific region, which is also predicted to have the highest CAGR over the forecast period.
  • During the forecast period, the Europe region is expected to exhibit a CAGR of nearly 11%.
  • In 2022, Europe held a 37% sports betting market

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Recent Developments:

  • After the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in May 2018, eight states in the USA legalized sports betting.
  • Bitgame, a Poland-based sports betting platform operator, launched a new website on a blockchain-powered sports betting platform in May 2021.
  • In September 2022, Bet365’s e-sports betting service was introduced in Colorado. Utilizing one of Century Casinos’ master licenses from the state, the sportsbook provider was operational with its betting service on the market.
  • May 2022: William Hill, a sports betting and online casino administrator, established its flagship brand and announced plans to substantially boost its revenue in Latvia. Furthermore, William Hill plans to capitalize on current media agreements with bespoke creatives based on the Brotherhood brand approach.

Leading Key Players:

  • 888 Holdings Plc
  • Bet365
  • Betsson AB
  • Churchill Downs Incorporated
  • Entain plc
  • Flutter Entertainment Plc
  • IGT
  • Kindred Group Plc
  • Sportech Plc
  • William Hill Plc

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Sports Betting Market Segmentation:

By Platform:

  • Offline
  • Online

By Betting Type:

  • Fixed Odds Wagering
  • Exchange Betting
  • Live/In-Play Betting
  • Pari-mutuel
  • eSports Betting
  • Others

By Sports Type:

  • Football
  • Basketball
  • Baseball
  • Horse Racing
  • Cricket
  • Hockey
  • Others

By Region:

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

Author By:

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 across 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Sonohysterography Catheters Market is poised for significant expansion, with a projected 5.2% CAGR by 2033

Sonohysterography Catheters Market
Sonohysterography Catheters Market

The global sonohysterography catheters market growth is projected to be valued at US$ 13.4 million in 2023 and is expected to rise to US$ 22.2 million by 2033. The sales of sonohysterography catheters are expected to thrive at a significant CAGR of 5.2% during the forecast period.

Sonohysterography is a diagnostic imaging technique used to evaluate the uterus for various conditions and abnormalities. The procedure involves the introduction of a saline solution into the uterus, and catheters play a crucial role in this process.

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The sonohysterography catheters industry is driven by the growing prevalence of uterus-related diseases such as cancer, endometrial polyps, fibroids, and structural abnormalities. These conditions often manifest as symptoms like blisters, pelvic pain, irregular bleeding, and infertility, which necessitate further investigation through sonohysterography.

Factors contributing to the market growth include advancements in catheter technology, increasing awareness and adoption of minimally invasive diagnostic techniques, and the overall expansion of the healthcare industry. Additionally, the emphasis on early detection and prompt treatment of uterine conditions has led to a rise in several sonohysterography procedures, further driving the demand for specialized catheters.

The sonohysterography catheters industry is expected to witness a significant growth in the coming years as the prevalence of uterus-related diseases continues to rise. This growth is driven by the factors such as:

  • The increasing adoption of sonohysterography as a valuable diagnostic tool.
  • The continuous advancements in catheter technology to meet the evolving needs of healthcare professionals and patients alike.

Key Takeaways:

  • The sonohysterography catheters industry is characterized by the dominance of single lumen catheters, accounting for a significant share of 70.10%. These catheters, with a single channel or lumen, are widely used in various medical specialties such as cardiology, urology, gastroenterology, and gynecology.
  • Hospitals hold a prominent share of 43.40% in the sonohysterography catheters industry. Sonohysterography procedures are typically performed in healthcare facilities, and hospitals, equipped with necessary infrastructure and imaging capabilities, play a crucial role.
  • In North America, the sonohysterography catheters industry shows a strong growth outlook, holding a significant share of 38.3%. Factors contributing to this include high disease awareness, easy access to healthcare facilities, and rapid technological advancements.
  • The Asia Pacific region has a 25.6% market share in the sonohysterography catheters industry and exhibits steady growth. Also, the increasing penetration rates in emerging markets like India and China, improving healthcare infrastructure, and many healthcare practitioners contribute to the growth of the market in this region.
  • Europe, known for its well-established healthcare systems and emphasis on women’s health, contributed a value share of 25.9% in the sonohysterography catheters industry in 2022.

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How Start-Ups are Putting Together the Sonohysterography catheters industry?

  • The rising geriatric population and number of patients with chronic diseases are rising. The need for advanced medical supplies is a must. This also brings opportunities for startup enthusiasts who look to invest in the sonohysterography catheters industry.
  • CrossBay Medical designs, develops, manufactures, and distributes medical devices for women and children. The brand has developed a SonoFlow, a device to perform sonohysterography procedures. Additionally, the device can instill saline only or a mixture of saline and air on demand to evaluate the uterine cavity and the patency of fallopian tubes.
  • Ideas like this are anticipated to nourish the sonohysterography catheters industry dynamics in the forecast period. The start-up scenario for sonohysterography catheters industry looks significant and is likely to fuel the sales of sonohysterography catheters globally.

Key Companies Profiled:

  • Cook Medical
  • Thomas Medical, Inc
  • CooperSurgical Inc
  • MedGyn Products, Inc.,
  • Artisan Medical

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Key Segments Covered in the Sonohysterography catheters industry Report:

By Product Type:

  • Single lumen
  • Double lumen

By End User:

  • Hospitals
  • Ambulatory surgical centers
  • Clinics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Lit Fiber Market Illuminates Growth Trajectory: Forecasts 16.7% CAGR, Envisions US$ 20 Billion by 2032

The global lit fiber market refers to the market for leased or lighted optical fiber connections used to transfer data and information. In telecommunications and networking, optical fiber is a media that enables high-speed data transmission across vast distances utilizing light signals.

The global Lit fibre market is predicted to grow at a robust 16.7% CAGR between 2022 and 2032, reaching a market value of US$ 4.28 billion by 2022. By the end of 2032, the illuminated fiber market share is estimated to be worth around US$ 20 billion.

The global lighted fiber market is expanding due to increased demand for high-bandwidth communications. Furthermore, it can readily carry data over vast distances, which has raised the demand for lit fiber networks in the present day.

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What are the Market’s Primary Driving Forces for Lit Fiber?
Governments all around the world have embraced this illuminated fiber technology to give their residents reliable internet connectivity for accessing e-government services, laying the groundwork for digital applications relevant to community safety and the creation of smart cities.

Due to its increased use by gaming and entertainment companies for gamers, a sudden surge in illuminated fiber sales was seen in the recent past. After the Covid-19 pandemic outbreak, demand for Lit fiber increased as a result of the ability for educational institutions to stream lectures in high quality for the benefit of both students and teachers.

Key Takeaways from the Lit Fiber Market Report:

  • The overall growth of the global lit fiber market is estimated to be around US$ 15.7 Billion during the coming decade following the average CAGR of 16.7%.
  • The global market for lit fiber is dominated by the multi-modal fiber segment, which is estimated to grow at a rate of 16.3%, while the single-mode segment is projected to develop at the fastest pace of 17.2%.
  • The higher-selling segment, which accounts for over 60% of the sales revenue, is the lit fiber on-net connectivity items that are expected to grow at a CAGR of 17% during the projection period. From the other front, the off-net lit fiber segment has grown in popularity recently and is expected to increase the sales of lit fiber over the years 2022 to 2032.
  • With market dominance, the networking application segment has historically been the key driver of lit fiber industry expansion. However, due to the product’s growing popularity, a 31.7% growth rate in this segment is anticipated throughout the anticipated time frame.
  • Of the world’s major geographical areas, North America accounts for more than 28% of the global lit fiber market. In contrast, the Asia Pacific lit fiber market has recently picked up steam and is expected to increase at an above-average CAGR from 2022 to 2032.

Global Lit Fiber Market Key Players:

  • AT&T
  • Attice USA
  • Comcast
  • Crown Castle Fiber
  • Frontier
  • GigabitNow
  • Lumen
  • Spectrum Enterprise
  • Verizon
  • Zayo

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Lit Fiber Market by Segmentation

By Type:

  • Multi-mode
  • Single-mode

By Connectivity:

  • On-net
  • Off-net

By Application:

  • Networking
  • IT & Telecommunication
  • Industrial
  • Aerospace & Defense
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Compression Veterinary Bandages Market will maintain growth, reaching US$ 161.1 Million by 2033

Compression Veterinary Bandages Market
Compression Veterinary Bandages Market

The global compression veterinary bandages market demand is poised to witness a significant surge, expected to soar to US$ 117.0 million by the end of 2023, according to a comprehensive report by Future Market Insights. The industry analysis further anticipates a steady Compound Annual Growth Rate (CAGR) of 3.2% from 2023 to 2033, projecting a closing market value of US$ 161.1 million by 2033.

The burgeoning demand for compression veterinary bandages is being driven by various factors, including but not limited to technological advancements in veterinary care, increasing awareness about animal health, and the rising prevalence of musculoskeletal conditions among animals. These bandages, designed to provide support and aid in the recovery of injured or post-surgical animals, have witnessed a substantial uptick in adoption across veterinary clinics and hospitals globally.

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In response to this growth trajectory, industry stakeholders, including manufacturers and suppliers, are gearing up to meet the escalating demand for high-quality, efficient, and advanced compression veterinary bandages. The evolving landscape of veterinary care emphasizes the need for innovative products that cater to the specific needs of animals, promoting their well-being and swifter recovery.

“Forecasting the exponential growth of the compression veterinary bandages industry is indicative of the evolving landscape of animal care. As technology advances and the understanding of animal health improves, the demand for specialized medical products such as compression bandages continues to soar,” stated Future Market Insights.

The projected expansion of this industry not only signifies a promising market outlook but also underlines the dedication towards enhancing the quality of life for animals. With the persistent focus on research and development, the industry is geared to offer innovative solutions and contribute significantly to the veterinary healthcare sector.

Hurdles in the Compression Veterinary Bandages Industry:

The costly price of these specialized bandages is a deterrent for many pet owners and veterinary offices, which restricts acceptance and use. Compression bandages have many uses, but pet owners and even some veterinarians may not be aware of all of them, which could limit compression veterinary bandages industry growth.

Professionals are reluctant to include compression bandages in their treatment plans due to the lack of standardized standards and recommendations for their usage in veterinary medicine. Compression bandages are not widely used in the veterinary industry due to the accessibility and availability of alternative treatment alternatives, including surgery or medicines.

Regional Outlook:

Due to its established veterinary healthcare infrastructure and rising acceptance of cutting-edge veterinary treatment, North America is expected to lead the market. As pet adoption rates are increasing and people are becoming more aware of animal health, Europe’s compression veterinary bandages industry is expected to experience significant growth.

Due to rising disposable income, urbanization, and a rising emphasis on pet healthcare in emerging economies, Asia Pacific is projected to enjoy substantial compression of veterinary bandages market expansion. Due to rising pet ownership and rising demand for veterinary goods and services, Latin America, the Middle East, and Africa are anticipated to present lucrative market growth possibilities.

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Key Takeaways:

  • The United States might increase its market share by 37.7% between 2023 and 2033.
  • Between 2023 and 2033, Germany may hold 7.4% of the compression veterinary bandages industry.
  • Japan’s share of the compression veterinary bandages business could reach 2.9% between 2023 and 2033.
  • Australia to develop at a CAGR of 2.4% in the compression veterinary bandages business from 2023 to 2033.
  • During the forecast period, China compression veterinary bandages business to expand at a CAGR of 4.7%.
  • From 2023 to 2033, the United Kingdom compression veterinary bandages industry to register a 3.1% CAGR.
  • Through 2033, the Indian compression veterinary bandages industry to record a CAGR of 4%.
  • The short stretch or low elasticity compression bandages segment to hold a market share of 37.8% in the product category between 2023 and 2033.
  • The veterinary hospitals segment to acquire a substantial market share of 42.4% in the distribution channel category between 2023 and 2033.

Competitive Landscape:

There is fierce competition for market share among several compression veterinary bandages players. Emerging firms looking to establish themselves in the market compete with established manufacturers with a strong presence and reputation in the sector.

Product quality, innovation, pricing tactics, distribution channels, and customer connections are some of the elements that influence the competition. The compression veterinary bandage manufacturers are concentrating on product improvements, strategic alliances, and efficient marketing methods to draw in and keep clients.

Recent Innovations:

Expansion:

Spectrum Antimicrobials, Inc. increased its line in December 2020 by introducing Vetricept skin and wound care cleansing products, as well as compression veterinary bandages.

Contract:

Throughout February 2020, Sonoma Pharmaceuticals signed an asset purchase contract with MicroSafe Group for various disinfection, wound care, and animal health care products, including compression veterinary bandages, throughout Europe for US$ 1.1 million.

Key Companies:

  • EquiCrown
  • Merck Sharp & Dohme Corp.
  • Millpledge Pharmaceuticals
  • Andover Healthcare, Inc.
  • America’s Acres Health & Safety Products.

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Key Segments:

By Product Type:

  • Long Stretch or Elastic
  • Short Stretch or Low Elasticity
  • Multicomponent Multilayer

By Animal Type:

  • Companion Animals or Pets
  • Farm Animals

By Distribution Channel:

  • Retail Pharmacy
  • Online Pharmacy
  • Veterinary Clinics
  • Veterinary Hospitals

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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GigE Camera Market Forecasted to Achieve Remarkable 9.1% CAGR, Projected to Reach US$ 5.8 Billion by 2032

The global GigE camera market is expected to grow at a CAGR of 9.1% from 2022 to 2032, reaching US$ 5.8 billion. It is expected to be worth US$ 3.5 billion in 2022. Sales of GigE cameras are projected to expand in the coming years as a result of their ability to convey data quickly during particular jobs that require the usage of several cameras.

A GigE Camera or Gigabit Ethernet Camera is an image camera that has the ability to interface with the computer system using GigE port. GigE cameras are based on GigE vision standards developed specifically for cameras that transmit images over gigabit Ethernet.

GigE cameras have the ability to transfer data up to 1000MB/s which makes it favourable for many demanding applications. GigE cameras are predominantly used for applications that require high rate of data transfer through long cable distances.

The GigE camera is a very affordable solution with simple configuration possibilities because it does not require a frame grabber, unlike many previous interface technologies. Over the course of the forecast period, all of these benefits are anticipated to contribute to the GigE camera market’s swift expansion.

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GigE Camera Market: Drivers & Restraints

The GigE camera market is expected to show significant growth during the period of forecast. Factors that are driving the growth of the global GigE camera market are fast data transfer speed, decreasing development cost, and efficient video transmission with easier configuration options.

On the other hand, increased CPU load and the necessity of a universal driver for interoperability are the restraints for the growth of the global GigE camera market. However, the adoption of 3D vision technologies and the move towards smart camera-based system creates a great opportunity for the global GigE camera market

GigE Camera Market: Region-wise outlook

By region, the global GigE camera market can be segmented into seven regions namely, North America, Latin America, Asia-Pacific excluding Japan, Western Europe, Japan as a separate region, Eastern Europe, and Middle East & Africa. Out of all these regions, the present global GigE camera market is dominated by North America region in terms of value.

In the North America region, non-manufacturing applications of GigE cameras such as security & surveillance, intelligent transportation and medical imaging are dominating. It is mainly because of high infrastructural development and high adoption of advanced technology. On the other hand Asia Pacific region is estimated to grow rapidly during the period of forecast.

Leading Key Players:

  • Toshiba Corporation
  • Allied Vision Technologies GmbH
  • Sony Corporation
  • Basler AG
  • Teledyne DALSA Inc.
  • Baumer
  • Qualitas Technologies
  • IMPERX, Inc.
  • Omron Corporation
  • Matrox Imaging

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GigE Camera Market Segmentation:

By Technology:

  • Complementary Metal- Oxide – Semiconductor (CMOS)
  • Charge Coupled Device (CCD)

By Type:

  • Line Scan
  • Area Scan

By Color Sensor Type:

  • Color
  • Monochrome

By End User:

  • Military and Defense
  • Industrial
  • Pharmaceutical
  • Traffic, Security & Surveillance
  • Medical/Life Sciences
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Embedded Banking Market: Experiencing Exponential Growth, Aims for US$ 106.8 Billion Milestone by 2032 at a 22.1% CAGR

The embedded banking market would develop at a considerable CAGR of roughly 22.1% between 2022 and 2032, according to the Future Market Insights (FMI) embedded banking industry report. The market will be valued at US$ 14.5 Billion by 2022 and US$ 106.8 Billion by 2032 according to the analysis.

Embedded finance has already begun to expedite financial operations in both consumer and business transactions by lowering the barriers to entry for various products and services, according to Future Market Insights.

The introduction of financial services or instruments, normally obtained through a bank, within the products or services of a non-financial company is referred to as embedded finance.

People used to have to physically go to a bank to get a loan, or a business buyer would have to spend hours filling out paperwork to get trade credit. These services are now commonly available at retail locations.

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Another compelling reason to invest in embedded banking is the potential for additional income. By adding embedded services to existing services, technology companies can help users increase revenue by more than 5X when compared to registering independent software.

More revenue is generated by exchanges, loans, and other FinTech features. As a result, an increasing number of FinTech companies are forming because they see significant growth opportunities in the future. Various FinTech companies use brand strength, distribution potential, and existing close customer relationships to generate new revenue streams.

Key Takeaways from the Embedded Banking Market Report:

  • By solution, the embedded banking platform API segment is estimated to grow at a robust CAGR of 0% through 2032.
  • Based on organizations, sales in the large organizations segment is anticipated to grow at a CAGR of 1% over the forecast period.
  • Demand in the U.S. is expected to increase at a CAGR of around 9% through 2032.
  • Embedded banking market in China is estimated to grow at a substantial CAGR of 8% in the forecast period. The country is anticipated to record an absolute opportunity of ~US$ 11.5 Billion over the forecast period.

Leading Key Players:

  • Bankable
  • Banxware
  • Bond
  • Cross River
  • Finix
  • Flywire
  • Marqeta
  • MX
  • OpenPayd
  • Plaid
  • Q2
  • Railsbank
  • Synapse
  • Tink
  • UNIPaaS Payments Technologies

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Embedded Banking Market Segmentation:

By Solution:

  • Embedded Banking Platform API
  • Services
    • Payment Processing
    • Lending
    • Contactless Payment
    • Card Issuing
    • Bank Transfer
    • Others

By Organization Size:

  • Small and Mid-Sized Organizations
  • Large Organizations

By End-user:

  • Banks
  • FinTech Corporations
  • Investment Firms
  • Others

By Region:

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

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More Valuable Insights on Embedded Banking Market:

Future Market Insight’s report on the embedded banking industry research is segmented into four major sections — solution (embedded banking platform API and services (payment processing, lending, contactless payment, card issuing, bank transfer, and others)), organization size (small and mid-sized organizations, and large organizations), end-user (banks, FinTech corporations, investment firms, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the embedded banking demand outlook.

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
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Marine Fin Stabilizer Market Poised for Growth, Expected to Hit US$ 26.1 Billion by 2033

The global marine fin stabilizer market size is anticipated to reach a valuation of US$ 8.3 billion in 2023, driven by the growing marine market culture. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 12.1% between 2023 and 2033, and reaching a total valuation of around US$ 26.1 billion by 2033.

Technological developments in ship design have allowed naval architects in analyzing and studying the wave motions around the bottom or hull of the ship. Further, they have impactfully assisted them with advancement in designs and methods to lessen such effects. Consequently, passengers and crew of the ship guarantee a safe and comfortable voyage which further augments the growth of the marine fins stabilizer market.

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Various categories and patterns of motion have been experienced during their voyage because of the wind and water waves which is most likely to hinder the growth of the marine fin stabilizer market.

Key Takeaways from the Market Study

  • The global marine fin stabilizer market expanded at a CAGR of 11.3% between 2018 and 2022.
  • The market share of North America in 2022 was 27%.
  • Germany is forecasted at a CAGR of 10.9% CAGR from 2023 to 2033.
  • China is predicted at a CAGR of 6.8% CAGR from 2023 to 2033.
  • Based on product type, the retractable segment is estimated to influence the global marine fin stabilizers with a market share of 70.1% in 2022.
  • Based on vessel type, merchant vessel is projected to create a market share of 50.2% in 2022 of the market share.

“Increase in the overall demand for marine fin stabilizers is one of the key drivers of the marine fin stabilizer market”, comments a Future Market Insights analyst.

Market Competition

Key players in the marine fin stabilizers market focus on research and development for new product designs of fin stabilizers for merchant vessels, fishing vessels, and coast guard ships. Many companies also focus on strengthening their geographic presence across the globe through partnerships and collaborations with other manufacturers.

  • First order for LNG fuel gas supply systems was received by Mitsubishi Heavy Industries for their high-pressure marine engines for both low and high-pressure types.
  • Kongsberg Maritime announced a contract with Finnish shipyard Rauma marine constructions (RMC) for delivering marine propulsion and steering equipment for passenger ferries.

Key Companies Profiled

  • The Neptune
  • Groupe Foure Lagadec
  • Fincantieri S.p.A
  • SKF Group
  • Western Marine Electronics Inc.
  • Imtra Corp
  • Kongsberg Maritime (RRCM)
  • The NAIAD Dynamics US Inc
  • Mitsubishi Heavy Industries
  • Quantum Marine Stabilizers
  • Matn’s Stabilizers
  • CMC Marine Srl
  • ABT TRAC
  • Rotorswing Marine United Kingdom
  • WTSV Technologies

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Global Marine Fin Stabilizer Market by Category

By Product Type:

  • Retractable fin stabilizers
  • Non- retractable fin stabilizers
  • Anchor or rest stabilizers

By Vessel Type:

  • Passenger Vessels
    • Passenger & Vehicle Ferries
    • Cruise Ships
    • Yachts & Superyachts
  • Naval and Coast Guard Vessels
  • Fishing Vessels
  • Merchant Vessels

By Fit Type:

  • First Fit
  • Retro Fit

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Automotive Remote Diagnostics Market Expected to Reach US$ 32.9 Billion by 2028

According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market size is projected to record a CAGR of nearly 18.9% through 2028. In 2022, sales in the global market for automotive remote diagnostics are anticipated to reach US$ 11.6 billion. The market size is anticipated to reach US$ 32.9 Billion by 2028.

Growth of the automotive remote diagnostics market will continue to remain bolstered by a plethora of factors, which range from increasing focus of automakers on reducing maintenance cost & downtime and growing integration of IoT, to the emergence of connected car eco-systems in vehicles.

Automotive remote diagnostic solutions have gained pervasive popularity among automakers and vehicle owners alike, in light of the value-added advantages of the technology. Reduced maintenance and service downtime, along with the identification of the bottlenecks beforehand, and enabler of on-point, efficient solutions, are some of the key benefits of the automotive remote diagnostics that are driving their demand.

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Additionally, attributes of the automotive remote diagnostics, beneficial for vehicle owners, in terms of identifying potential downturns, defects, and shortcomings of the vehicle in advance, and reducing the total time and cost spent during maintenance, are further expected to drive growth of the automotive remote diagnostics market.

The upward trend of vehicle electrification has had a massive and direct influence on growth of the automotive remote diagnostics. Additionally, recent rise in the connected-car ecosystem, along with the proliferation if IoT and connected devices in the automotive industry, will continue to favor growth of the automotive remote diagnostics market in the foreseeable future.

Automotive Remote Diagnostics Equipment to Account for Leading Market Shares

While equipment and software both form integral parts of an automotive remote diagnostics, the study finds that equipment will continue to account for leading shares of the market, owing to associated periodical replacement and maintenance activities. On the other hand, software are installed in the equipment as first fit, and are renewed on the basis of subscriptions. This further alludes high-growth potential of software solutions in the automotive remote diagnostics market.

Automotive remote diagnostics market will continue to witness robust gains from the light commercial vehicles, compared to other vehicle categories. As the logistics and transportation sector gains increased traction, vis-à-vis growth of the ecommerce and warehousing industry, light commercial vehicles are expected to record relatively greater sales compared to their past statistics. This will create significant opportunities for players in the automotive remote diagnostics market.

Automotive remote diagnostics are expected to witness high demand in vehicle system & component access, and health tracking & diagnosis applications. These application requirements are comparatively higher in commercial vehicles, and with the rise in construction and infrastructure development activities, demand for the commercial vehicles, and in turn the automotive remote diagnostics will also rev up in the near future.

Europe to Remain Most Attractive Market for Automotive Remote Diagnostics

The study finds that Europe will continue to be the most lucrative market for automotive remote diagnostics, trailed by North America. The economic vigor and robust infrastructure development activities in the region allude at significant sales of commercial vehicles, along with passenger cars, which in turn continue to drive demand for advanced solutions such as the automotive remote diagnostics. According to the study, East Asia will also remain an attractive market for automotive remote diagnostics, with sales projected to grow at a CAGR of over 20% through 2028.

The automotive remote diagnostics market continues to remain consolidated, with leading players accounting for bulk shares of the market. Additionally, the complexity and extensive R&D investments required to provide a total solution continue to present significant entry barriers to new market entrants, which further underpins the supremacy of leading players in the automotive remote diagnostics market.

Key players operating in the automotive remote diagnostics market include Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.

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AUTOMOTIVE REMOTE DIAGNOSTIC MARKET TAXONOMY

The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

  • Equipment
  • Software

By Vehicle Type

  • Passenger Cars
  • Compact
  • Mid-Sized
  • Luxury
  • SUVS
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Application

  • Vehicle System & Component Access
  • Vehicle Health Tracking & Diagnosis
  • Service Assistance

By Region

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

 

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Automotive Exhaust Systems Market Set to Reach US$ 203,657.0 Million by 2033

The automotive exhaust systems market size size is projected to cross US$ 112,652.7 million in 2023 and is estimated to attain a valuation of US$ 203,657.0 million by 2033. The automotive exhaust systems market share is expected to thrive at a CAGR of 6.1% from 2023 to 2033.

The demand for fuel-efficient cars is rising due to rising fuel costs and rising consumer ecological concerns. Automotive exhaust systems are made to improve exhaust flow and lower back pressure to enhance engine performance and reduce emissions. To accommodate this demand, manufacturers are making investments in cutting-edge exhaust technology, including turbochargers, catalysts, and diesel particle filters. These investments are expected to bolster market growth in the coming years.

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The materials and designs of exhaust systems are undergoing significant technical improvement in the vehicle sector. The weight of the exhaust system is reduced using lightweight materials, including stainless steel, aluminum, and composites, which improves fuel economy and vehicle performance. The fabrication of intricate and customized exhaust system components is made possible by modern manufacturing techniques like laser welding and 3D printing. The advancements in these technologies present several growth opportunities for the market.

Exhaust system aftermarket sales are rising as well. To boost performance, improve sound, or attain a certain aesthetic, vehicle owners are changing the factory exhaust systems on their vehicles with aftermarket alternatives. Due to this tendency, the industry is growing as a whole, and aftermarket exhaust system sales are increasing.

The demand for automotive exhaust systems is being driven by the rising use of electric and hybrid automobiles. In contrast to electric vehicles (EVs), hybrid cars still use internal combustion engines, which require robust exhaust systems. Exhaust system demand is expected to rise as the market for electric and hybrid vehicles expands. Additionally, engine power, throttle responsiveness, and exhaust tone may all be improved with upgraded exhaust systems. The market’s growth is being aided by this desire for performance improvements.

Key Takeaways from Automotive Exhaust Systems Market Report:

  • In 2018, the global market size stood at US$ 87,016.9 million.
  • The market expanded at a CAGR of 5.3% from 2018 to 2022.
  • In 2022, the global market size stood at US$ 106,983.6 million.
  • The United States captured 17.8% of global market shares in 2022.
  • India captured 6.0% of global market shares in 2022.
  • China captured 6.3% of global market shares in 2022.
  • The United Kingdom captured 5.8% of global market shares in 2022.
  • The gasoline segment under engine type captured 78.3% of global market shares in 2022.
  • The passenger cars segment acquired 72.7% of global market shares in 2022.

Key Players in the Automotive Exhaust Systems Market:

  1. Faurecia S.A.
  2. Tenneco Inc.
  3. Eberspächer Group
  4. Friedrich Boysen GmbH & Co. KG
  5. Benteler International AG
  6. Yutaka Giken Co. Ltd.
  7. Bosal International N.V.
  8. Harbin Airui Automotive Exhaust Systems Co. Ltd.
  9. Sejong Industrial Co. Ltd

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Automotive Exhaust Systems Market by Segmentation

By Product Type:

  • Exhaust Manifold
  • Muffler
  • Catalytic Converter
  • Oxygen Sensor
  • Exhaust Pipes

By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Engine Type:

  • Gasoline
  • Diesel

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Frozen Fruit Bars Market: Exploring Growth Trajectory, Emerging Trends, and Market Dynamics for a Flourishing Industry by 2022 to 2032

Frozen Fruit Bars Market was valued at US$ 14 Million in 2022 and is expected to reach US$ 22 Million in 2032, likely to surge at a CAGR of 7% to 8% during the forecast period 2022-2032.

FMI, in its upcoming business report, elaborates on the historical and current scenario of the global Frozen Fruit Bars market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions, and players on the basis of demand patterns and growth prospects.

The Frozen Fruit Bars Market is witnessing significant growth as health-conscious consumers embrace frozen treats that offer both refreshment and nutrition. With increasing awareness about the benefits of natural ingredients and no artificial additives, frozen fruit bars are becoming a popular choice among all age groups. The market is poised for continuous expansion as more companies introduce innovative flavors and packaging to cater to evolving consumer preferences.

Future Market Insights (FMI), a provider of more than 1000 market research reports and one billion+ data points, can meet all the needs of clients in the global packaging industry. In order to provide appealing insights to report purchasers that aid them in addressing market issues, particularly during times of crisis, FMI employs digital intelligence solutions. For the purpose of gathering precise market data, our devoted team of experts conducts a thorough study.

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COVID-19 Impact Analysis on Frozen Fruit Bars Market

The recent outbreak of COVID-19 has adversely affected various markets in the packaging industry, and the Frozen Fruit Bars market is no exception. Products that are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government measures, particularly social distancing norms and stay-at-home orders, companies operating in the Frozen Fruit Bars market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of COVID-19.

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

Frozen Fruit Bars Market: Competition Analysis

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

 Key players covered in the report include:

Some of the leading players in the frozen fruit bars market are Natural Fruit Corporation, Ice Pop Factory, Modern Pop, Nestlé S.A. (Outshine Brand), Eclectic Food Services Inc., J&J Snack Foods Corp., Unilever plc (Fruttare Brand), Andrades Desserts, Solero, and others.

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Why Choose Future Market Insights

  • Serving domestic and international clients 24/7
  • Prompt and efficient customer service
  • Data collected from reliable primary and secondary sources
  • Highly trained and experienced team of research analysts
  • Seamless delivery of tailor-made market research reports

Key Segments Profiled in the Frozen Fruit Bars Market Survey

By Type:

  • Original
  • Low Fat

By Nature:

  • Organic
  • Conventional

By Flavor:

  • Citrus
  • Pineapple
  • Grape
  • Apple
  • Mango
  • Berry
  • Coconut
  • Mixed Fruit
  • Others

By Distribution Channel:

  • Hypermarkets/ Supermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retail

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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Frequently Asked Questions

What is the sales forecast for frozen fruit bars in the global market until 2032?

Which region is forecast to be the most lucrative for frozen fruit bars market growth?

Which are some leading frozen fruit bars manufacturers?

Author

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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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