Market Research Blog – Page 3677 – New Product Development

Digital Signage System Market Poised for Remarkable Expansion, Estimated to Reach US$ 59.16 Billion in Next Decade

The worldwide sales of the digital signage systems market were estimated at around US$ 17.54 billion in 2022. In 2023, the net demand for digital signage systems, in terms of value, is US$ 19.33 billion. The overall market is anticipated to increase at a CAGR of 11.8% through 2033. By the end of 2033, the global digital signage system market value is projected to reach a valuation of US$ 59.16 billion.

The global digital signage software industry is gaining traction with the growing demand for new integrated features in digital signage systems. The breadth of the digital signage software market is predicted to expand as display device prices decrease in the coming days. The digital signage market problems include a high initial cost of installation, a large investment in maintenance, content creation, support, and hardware and software.

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“Wider adoption of LED technology, as it is simple and inexpensive to maintain, is stimulating manufacturers to continue to create flat-paneled OLED and LED displays. Additionally, this enables the brand owners to push sales of the top-performing items or combinations in the market- opines Sudip Saha, managing director and MD at Future Market Insights (FMI) analyst.
Key Takeaways from the Digital Signage System Market Report

The market in the United States is expected to record a CAGR of 10.1% through 2033.
The United Kingdom is the leading market in Europe and is expected to grow at a CAGR of 9.5% from 2023 to 2033.
The market in Germany, with a 10.4% CAGR through 2033, is expected to spend more on the development of new technologies.
China dominates Asia’s digital signage market with an anticipated CAGR of 11% through 2033.
India is remarkably growing in the market for digital signage systems, with an anticipated CAGR of 12.7% during the forecast period.
Because of their excellent display, OLED and LEDs have become a mainstream commodity, garnering nearly 64.3% market share in 2023.

Competitive Landscape for Digital Signage System Market:

In order to gain a competitive advantage, prominent market participants seek to provide items of exceptional quality and value at a reasonable price. However, acquiring orders in bulk from advertising companies remains the key strategy for digital signage display manufacturers to expand their customer base.

By concentrating on the development of display and touchscreen technology, leading market players are trying to standardize the layout of digital signage systems. Cloud-based digital signage platforms are now extremely scalable, making them a logical choice for applications requiring content control at remote locations.

Key Players Profiled in the Digital Signage System Market:

Cisco Systems, Inc.
Samsung Electronics Co. Ltd.
NEC Display Solutions, Ltd.
Broad Sign International, Inc.
Panasonic Corporation
Smart Digital Signage Inc.
Out Front Digital Communications
Israk Technology
Net Display Systems PADS
WinMate Communication Inc.
Visix, Inc.
Corum Digital Corporation
Almo Professional A/V
ADFLOW Networks
Mermaid vTouch Pro

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Recent Developments by the Market Players

Dirty Dough Company teamed up with Hughes Network Systems in June 2023 to incorporate promotional displays and employee communication screens in their locations. The digital signage network and content management systems were integrated to control the content across several screens in the corporation remotely.
The unveiling of Panasonic Corporation’s transparent OLED concept display was unveiled at the lifestyle expo, Salone del Mobile, in April 2019. This new display created by Panasonic Design Kyoto and Daniel Rybakken is expected to change how viewers interact with digital signage systems.
Transparent OLED Touch Signage is the new touchscreen version of LG Electronics Comany’s Transparent OLED display. This brand-new signage display system with interactive OLED technology was made available in April 2020.

Restraints

While the digital signage system market is poised for substantial growth, it is not without its challenges. Some of the restraints include the need for businesses to adapt to evolving technology, navigate potential security concerns, and effectively manage the massive influx of data that accompanies digital signage systems.

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Digital Signage System Market Segmentation:

By Technology:

LCD or Plasma
OLED and LED Display Technology

By Software:

Content Management Software
Distribution
Scheduling Software

By Type:

Indoor
Outdoor

By Application:

Corporate and Commercial Sector
Manufacturing
Educational Institutes
Government
Banking and Financial Institutes
Transportation
Retail and Wholesale
Media and Entertainment
Healthcare

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and 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.

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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India Outbound Meetings and Incentives to Europe Market Set to Reach a Staggering US$ 7.17 Billion by 2032 | FMI

The market for international outbound meetings and incentives from India to Europe is expected to reach US$ 4.4 billion in 2022 and US$ 7.17 billion by 2032, growing at a compound annual growth rate of 5% between 2022 and 2032.

India is one the youngest, yet the fastest growing economies of the world. India has a large thriving and vibrant market stuffed with millennial consumers. The newly rolled out open market policies to usher in FDI has impacted the GDP of the country.

India is revamping its infrastructure to develop a comfortable passage for western investors. In the recent past, the bilateral ties between India and Europe have matured. Both the markets are coming closer with every passing day and developing an apt business friendly climate to promote and expedite the flow of business. India and EU are looking to repair the economic corridors between the two most steadily rising economies of the world.

The Free Trade Agreement has bridged the strategic and economic gulf between both the markets and made India one of the most significant business partners of Europe. European exports to India have surged in the last few years. According to the RBI, the Indian exports to European markets amounts to INR 337 billion approximately.

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Apart from the core industries, the Indian tourism sector is extracting the benefits of the developing relationship between these two markets. The development of the tourism sector in India has enhanced the scene of the India Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism Market to Europe.

The India Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism Market to Europe & Forecast predicts a massive change in market behaviour in the coming few years.

The significant change in the India Outbound MICE tourism market will reap the benefits of the economic bonhomie between India and Europe. It will not only expand the India outbound MICE tourism market to Europe, but this gesture shall surely create a suitable atmosphere for new jobs.

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Key Trends in India’s Outbound Meetings and Incentives to Europe Market

In recent years, the landscape of outbound meetings and incentives from India to Europe has undergone a significant transformation. As businesses increasingly recognize the importance of fostering global connections and motivating their workforce, the outbound MICE (Meetings, Incentives, Conferences, and Exhibitions) sector has become a pivotal driver of this change. Here are some key trends shaping the India to Europe MICE market.

Diverse Destinations: While traditionally popular destinations like Paris and London continue to attract Indian businesses, there is a notable shift towards exploring lesser-known European cities. Destinations like Barcelona, Prague, and Vienna are gaining traction, offering a blend of rich cultural experiences and modern amenities for corporate events.
Hybrid Events: The global pandemic has accelerated the adoption of hybrid events, combining physical and virtual components. This trend allows businesses to reach a broader audience, ensuring participation from individuals who may be unable to travel. European destinations are actively adapting to provide state-of-the-art virtual event facilities.
Sustainable Practices: With an increased focus on sustainability, businesses are seeking eco-friendly options for their events. European venues are responding by implementing green initiatives, from energy-efficient infrastructure to sustainable catering, aligning with India’s commitment to environmentally responsible practices.

India Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism Market to Europe & Forecast: Game Changers

There are several factors that are promoting the growth of the India Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism Market to Europe. The enhanced business ambience between the fastest growing regions of the world and revamped market policies are helping Indian business houses establish their footprint in the European market.

The booming tourism market of India and the birth of a new breed of deep-pocketed travellers are cementing the ground for the growth of the India outbound MICE tourism market to Europe. Several investment friendly policies rolled out by European countries to woo investors are also speeding up the growth of the India outbound MICE tourism market to Europe.

Key players:

Clear Trip Pvt Ltd.
Ebix Travel Pvt Ltd.
Kesari Tours Pvt. Ltd.
Easy Trip Planners Pvt Ltd.

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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Wireless Charging Market Set to Skyrocket: Anticipates 24.4% CAGR, Projected to Hit US$ 150,889.5 Million by 2033

Exploring the Future of wireless charging market: Anticipating a remarkable 24.4% yearly growth, leading to a market worth US$ 150,889.5 Million by 2033

Future Market Insights, an ESOMAR-certified market research organization and a Greater New York Chamber of Commerce member, recently published a report on wireless charging. This analysis delves into the world of wireless charging and its exciting prospects. We expect the wireless charging market to experience an impressive annual growth rate of 24.4%, ultimately leading to the market being valued at a substantial US$ 150,889.5 million by 2033.

Wireless power transfer has become common in portable electronics like smartphones, laptops, wearables, and gaming devices. The demand for wireless charging is rising as consumers look for products that last longer, such as smartphones and smartwatches. This trend aligns with the growing importance of the Internet of Things (IoT), which aims to connect various electronic devices, including smartphones, cameras, laptops, and home appliances. For all these devices, wireless power is essential. Therefore, the increasing interest in IoT is expected to drive the growth of the wireless power market.

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One of the most talked-about new developments in wireless energy transmission is the widespread adoption of wireless charging. The need for wireless charging systems has grown alongside the popularity of wireless mobile devices. A wireless charging system has a charging pad, power supply, and battery receiver.

It has several advantages over conventional charging systems, including convenient, safe, cost-effective, efficient, and reliable for powering and charging electrical devices. Wires, connectors, and cables are no longer unnecessary. As a result, wireless charging systems will gain popularity due to their many advantages.

Due to their superior performance and low fuel consumption, electric vehicles (EVs) have become increasingly popular in recent years. As a bonus, governments worldwide actively encourage citizens to switch to electric vehicles. The proliferation of EVs should propel the development of wireless charging technology.

Wireless charging market demand in the United States is rising, thanks to the increasing popularity of smartphones, portable devices, and electric vehicles. With a market share of 22.1%, the United States is expected to experience significant growth in the wireless charging industry in the coming years. As more people seek efficient and convenient ways to charge their devices, the wireless charging market is set to expand rapidly.

Wireless charging technology is reshaping the way we power our devices. This innovative approach to recharging electronics eliminates the need for cords and cables, providing convenience and efficiency for a wide range of consumer electronics, from smartphones to electric vehicles. –says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Key Takeaways from the Wireless Charging Market Report:

As more and more smartphones, wearables, and other devices adopt wireless charging technology, the global wireless charging market is projected to expand rapidly.
Demand for wireless charging infrastructure drives the market, especially in public places like airports and cafes.
The wireless power market is expected to expand due to technological developments in wireless charging, such as resonant and bi-directional charging.
The wireless power market has a lot of competition due to the large number of suppliers and service providers.
The proliferation of smartphones and EVs in the region points to Asia-Pacific as a promising growth area for the wireless charging market.
Rising interest in wireless charging solutions from the healthcare and hospitality sectors also propels the wireless power market.
The market is hampered by incompatibilities, high prices, and slow charging times compared to wired alternatives.

Competitive Landscape:

The major players in the wireless charging market are increasing their market share through various business growth strategies. These include the introduction of new products, the expansion of existing product lines, and the signing of agreements. Several major players in the wireless charging market are devoting significant resources to R&D, primarily focusing on expanding the effective range of power transmission.

There is a wide variety of companies, both new and old, competing in the global wireless charging market. The market is highly competitive regarding product quality, price, and features.

Key Players:

Convenient Power HK Ltd.
WiTricity Corporation
Murata Manufacturing Co. Ltd.
Texas Instruments, Inc.
Murata Manufacturing Co. Ltd.
Murata Manufacturing Co. Ltd.

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Recent Developments

To popularise NFC wireless charging in computing and consumer devices, in July 2022, Pathronic AG, a semiconductor company specializing in wireless charging technology, partnered with Luxshare-ICT, a china based design manufacturer (ODM) company specializing in connector and interface technologies.

Xiaomi Inc., a company that designs and manufactures consumer electronics, released its MI Air Charge Technology in January 2021.

Wireless Charging Market Segmentation:

By Technology:

Inductive
Radio Frequency
Resonant
Others

By Industry Vertical:

Electronics
Industrial
Aerospace & Defense
Automotive
Healthcare

By Region:

North America
Latin America
Western Europe
Eastern Europe
APECJ
China
Japan
Middle East and 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.

Have a Look at the Related Reports of the Technology Domain:

Wireless Charging ICs Market Growth– The wireless charging ICs market is anticipated to expand its boundaries at a steady CAGR of 16.7% during the forecast period. The market holds a share of US$ 2.8 Billion in 2023 while expecting revenue of US$ 13.1 Billion by 2033.

Wireless Power Transmission Market Trend– The wireless power transmission market revenue by the end of 2021 was US$ 35.1 Bn. The wireless power transmission market is expected to reach US$ 293.5 Billion by 2032, as it is estimated to grow at a CAGR of 21.4% for 2022-2032.

In-Building Wireless Market Demand– The global in-building wireless market was worth US$ 12,550 million in 2022 and is expected to be worth US$ 23,450.5 million by 2032, growing at a CAGR of 6.5% over the forecast period.

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Digital Travel Market Primed for a Meteoric Rise to US$ 1,618 Billion by 2032 | FMI

The digital travel market reached a valuation of US$ 400 Billion in 2022 and expected to reach US$ 1,618 Billion in 2032, at a 15% CAGR.

With a plethora of innovative, customer-friendly initiatives, the digital travel industry is thriving globally and solidifying its position in the fiercely competitive travel and hospitality sector. Sales of digital travel have skyrocketed in recent years. Analysts predict that in the upcoming years, sales of digital travel will approach a few billion dollars. An increasing number of tourists are choosing the digital route to get to their desired trip locations.

A number of new avenues have been made available to travelers who are itching to explore the unknown by the digital revolution. Both travelers and hotel owners now have more influence because to online travel platforms. Among the key elements influencing the expansion are a wealth of data and the opportunity to comprehend the competitors.

The emergence of the android market and a massive boost in the number of mobile-friendly consumers are some of the major factors that are significantly changing the demography of the tourism and travel industry around the world.

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The modern breed of travellers is clinging into their mobiles for all travel related activities. Whether it is flight booking or hotel booking travellers are relying on digital platforms rather than the conventional mediums of travelling. The online platforms or digital travel space is filled with latest offers and packages to lure maximum travellers.

To avail some extremely happening offers customers are queuing in on digital travel platforms. The digital travel canvas is populated with several in-depth reviews and blogs on travel destinations and facilities that are extremely helpful for tourists. Apart from this the social media platforms also play an important role for travellers. A traveller’s group on social media or a Facebook page of a luxury hotel can feed in some key information to budding travellers.

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The market is flooded with several tourism and hospitality friendly apps that have helped redefine the service quality of the hotel and airline industry and also affected their annual revenues. Advanced cloud computing technology has simplified the entire travel experience of a tourist.

Travel companies today can preserve crucial data related to customer behaviour and can use this to offer enhanced customer experiences. Several hotel chains and tourism companies are doing every bit to ride the digital growth wave. They are using tailor-made apps, customer friendly software and a plethora of digital processes to enhance customer experience.

A glut of travel blogs, pictures and other firsthand accounts of surfers are motivating new travellers and it is changing the dimension of the travel industry. Social media platforms are bustling with travel experiences and travel deals. The sudden boom has created a pregnant market for the travel industry and popularised the concept of digital travel.

Key Trends in the Digital Travel Market

The Digital Travel Market is undergoing a transformative journey, propelled by technological advancements and shifting consumer preferences. In the wake of the digital revolution, several key trends are shaping the landscape of the travel industry.

Mobile Dominance: The ubiquity of smartphones has redefined the way travelers plan and experience their journeys. Mobile apps provide seamless booking, real-time updates, and personalized recommendations, enhancing the overall travel experience. As mobile devices continue to evolve, their influence on the digital travel market is set to grow.
Artificial Intelligence and Machine Learning: AI and ML are becoming integral to the travel sector, offering personalized recommendations, predictive analytics, and chatbots for customer support. These technologies streamline processes, improve efficiency, and enhance customer satisfaction by delivering tailored experiences based on user behavior and preferences.
Blockchain for Security and Transparency: Blockchain technology is gaining traction in the travel industry for its ability to enhance security and transparency. Smart contracts and decentralized systems can streamline processes like booking, payment, and identity verification, reducing fraud and ensuring trust between service providers and consumers.
Augmented and Virtual Reality: AR and VR technologies are revolutionizing the way travelers research and preview destinations. Virtual tours, AR-based navigation, and immersive experiences are helping users make more informed decisions, while also providing a glimpse of what to expect during their travels.

Key Players in the digital travel market:

Expedia Group, Inc.
Ebury Partners UK Ltd
Fareportal Inc.
Hostelworld.com Limited
Hurb Co S/A
HRS
MakeMyTrip Ltd.
Oracle Corporation
Priceline (Booking Holdings Inc.)
SABS Travel Technologies
Tavisca Solutions Pvt. Ltd.
Thomas Cook India Ltd.
travelomatix.com
Trip.com Group
Tripadvisor, Inc.
WEX Inc.

Key Segments:

By Tour Type:

Domestic
International

By Consumer Orientation:

Men
Women

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Age Group:

26-35 Years
36-45 Years
46-55 Years

By Region:

North America
Latin America
Europe
Asia Pacific
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.

Contact Us:

Nandini Singh Sawlani

Destination 2032: Halal Tourism Market Gearing Up for a US$ 365 Billion Expedition | FMI

The Halal tourism market is projected to reach a valuation of US$ 255.0 Billion in 2022, likely to surge at a vigorous 4.0 % CAGR from 2022 to 2032 and is likely to reach US$ 365.0 billion by the end of 2032.

The “halal” term means permissible according to Islamic laws and teachings. With a rise in the number of well-heeled Muslims, the halal industry has expanded into various lifestyle offerings including halal travel, tourism, and hospitality services. The halal tourism is a particular type of religious tourism which focusses on the things which are in conformity with the Islamic laws and teachings regarding diet, dressing, conduct, and behaviourisms.

The global halal tourism industry has been accounted as one of the fastest growing tourism segments in the world. The recent development in the global halal travel and tourism industry is caused by the ethical consumer trends and the change in the temperament of Muslim consumers globally.

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Global Halal Tourism Industry: Drivers and Restraints

Halal tourism has gained a massive acceptance in recent times, and it is now becoming a new phenomenon in the global tourism industry. The halal tourism industry refers to the tourism products and hospitality services following the Islamic beliefs and practices. These activities involve serving of halal food, alcohol-free dining areas, separate spa and leisure activities for men and women, separate swimming pools, prayer facilities, and even beach areas which are only open to women.

Previously the halal tourism industry was mostly associated with the pilgrimages Hajj and Umrah. The growth in the higher middle-class Muslim consumers and the increase in the degree of interconnectivity has made travelling a part of life, thereby, changing the preference of Muslim tourists from traditional destinations such as Mecca and Medina to top holiday destinations and resorts.

The halal tourism industry is expected to go mainstream and develop as an integral part of the prospering global halal tourism sector. The global hotel and resort tourism sectors have flourished in recent years to fulfil the demands of Muslim travellers who want to enjoy full leisure and hospitality services, which at the same time caters to their religious requirements as well as follows the Islamic customs and culture.

This development is expected to drive the global halal tourism industry over the forecast period. Many countries across the world such as Turkey, Egypt, and Malaysia have already adopted this change into their tourism offerings to include accommodations and other facilities in accordance with the religious beliefs of Muslim tourists.

In addition to the Muslim countries, some non-Muslim countries including Singapore, Australia, and France have also shown a strong interest in the halal tourism industry. The presence of halal certified bodies such as food outlets etc. are making these countries a favourite destination for Muslim travellers which in turn is expected to drive the global halal tourism industry over the forecast period.

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Global Halal Tourism Industry: Key Regions

Malaysia is one of the fastest growing countries in the global halal tourism industry sector. This country so far has managed to attract Muslim travellers from all over the world especially travellers from the Middle East region. Recently this country was ranked among the top 10 halal-friendly tourism destinations in the world. The halal tourism industry is personalised according to the specific needs of Muslim tourists who primarily seek a family friendly environment.

The countries which are the members of the Organization of Islamic Countries (OIC) are the primary sources of the halal tourism industry. The fast growing resident Muslim population in some of the non-Muslim majority regions including North America, Europe, India and China is expected to offer substantial growth opportunities for the global halal tourism industry during the forecast period.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

Key Players of Halal Tourism Industry:

halaltours.org
Carisa travel group
Rooh Travel Limted
HalalBooking Ltd.
Halal Safaris

Key Segmentations of Halal Tourism Industry:

By Tour Type:

Domestic
International

By Consumer Orientation:

Men
Women

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Age Group:

26-35 Years
36-45 Years
46-55 Years

By Region:

North America
Latin America
Europe
Asia Pacific
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.

Contact Us:

Nandini Singh Sawlani

Unlocking the 17.8% CAGR Potential of Customization and Personalization in the Travel Market through 2032 | FMI

The customisation and personalisation in travel market is anticipated to a CAGR of 17.8% (2022 to 2032), reaching a value US$ 620.71 Million by 2032

New travel portals have created a virtual corridor for travellers leading them into a better and bigger arena of the travel world. A host of travel tools are now in use and many of the leading travel agents around the world are using these tools for customisation and personalisation in travel marketing.

Millennial travellers are suave and are always in search of something special during their business or leisure tours. They are smart, well researched, very clear about their priorities and needs and are eager to shell out any money to gain a comfortable travel experience. The scope and relevance of a travel marketer are massive in the modern tourism market.

The trend of customisation and personalisation in travel marketing is slowly but steadily emerging in the market. A properly planned tour with significant inputs can change the entire travel experience for a tourist. The use and accumulation of travel data has changed the face of the travel industry and given it a new dimension.

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Personalised and customised travel marketing holds the key to success for key stakeholders in the travel industry. Modern day customers are shifting towards tailor-made and customised travel packages. Emails are a passé in the evolving travel industry. Travel companies are using advanced tools to promote their offerings.

To woo a new lot of travellers companies are rehashing their travel marketing strategies by collating in-depth information about a particular traveler and sending out professional and customised emails by gauging the exact choice of the customer.

Most of the travel companies are using high-end marketing tools to segregate customer information and are then scripting personalised mails and newsletters to ignite the interest of the tourists about a specific tour package.

Social media platforms are playing a pivotal role in changing the canvas of customised and personalised travel marketing. Several travellers around the globe are using social media platforms to complete their pre-travel research.

Key Trends: Customization and Personalization in the Travel Market

In the dynamic landscape of the travel industry, the paradigm of customer preferences is shifting towards a demand for unique and personalized experiences. Customization and personalization have emerged as pivotal trends, redefining how travelers plan, book, and embark on their journeys. This evolution is driven by advancements in technology, changing consumer expectations, and a desire for more meaningful and tailored travel experiences.

Tech-Driven Personalization: Cutting-edge technologies like artificial intelligence, machine learning, and data analytics play a pivotal role in understanding and predicting traveler preferences. Travel platforms are leveraging these technologies to analyze vast datasets, enabling them to offer personalized recommendations, from destination suggestions to accommodation preferences.
Tailored Itineraries: Gone are the days of one-size-fits-all travel packages. Modern travelers seek bespoke itineraries that align with their interests, hobbies, and lifestyle. Travel agencies and platforms are responding by providing customizable packages, allowing customers to curate their experiences, whether it’s an adventure-filled excursion, a cultural immersion, or a relaxing retreat.
Hyper-Personalized Marketing: Marketing strategies in the travel industry are becoming increasingly personalized. Companies are utilizing customer data to create targeted campaigns, offering exclusive deals and promotions based on individual preferences and past behaviors. This not only enhances customer engagement but also fosters loyalty by demonstrating a deep understanding of each traveler’s unique needs.
Seamless Booking Processes: Streamlining the booking process is a key focus in the quest for personalization. User-friendly interfaces, intelligent chatbots, and mobile applications are making it easier for travelers to customize their bookings. From selecting room preferences to dietary requirements, the entire travel experience is being fine-tuned to individual specifications.

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Customisation And Personalisation In Travel Marketing: Game Changers

Factors such as emergence of millennial travellers and travel-friendly economies across the globe are acting as a key component in the development of customisation and personalisation in travel marketing.

The massive digital wave that eroded the entire travel industry has created a ground of benefits for customised and personalised travel marketing. The mushrooming of new travel destinations across the globe is also expediting the need for personalised and customised travel marketing.

Customisation And Personalisation In Travel Marketing: Restraints

A massive population of tourists across the world are still dependent on conventional ways of travelling. The pool of aged travellers is still shunning modern and customised travel marketing as they are ignorant to new technologies.

Key Players:

Best Western
Carnival Corp.
Club Family Hotel
Delta Flights
EasyJet
KLM Royal Dutch
Princess Cruises
Virgin Hotels
IBERIA LAE SA
Expedia Group, Inc.

Key Segments Profiled in the Customisation and personalisation in Travel Market

By Service Type:

In-flight personalization
Cruise lines personalization
Adventure Travel
In-hotel personalization
Other personalization

By Mode of Booking:

OTA Platform
Offline

By Age Group:

Millennial
Generation X
Baby Boomers
Others

By Purpose:

Leisure
Business

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

Tube Laminating Films Market Anticipated to Reach US$ 4.32 Billion by 2033

The growing demand for tube laminating films is closely linked to their versatile application in the packaging of various products, spanning food, pharmaceuticals, personal care items, and industrial applications. Tube laminating films emerge as an economically efficient packaging solution that not only enhances product shelf life but also preserves the product’s shape and form, thanks to the multiple layers of foil used in their composition. These attributes collectively contribute to the increasing market share of tube laminating films.

The tube laminating films market is poised for substantial growth, with a projected valuation of US$ 2.63 billion in the year 2023. Forecasts indicate a remarkable trajectory, as the market is anticipated to reach an impressive US$ 4.32 billion by the year 2033, with a noteworthy compound annual growth rate (CAGR) of 5.1%.

Another pivotal factor driving the adoption of tube laminating films is their ability to provide chemical resistance, ensuring the safe packaging of products and maximizing product safety. This feature underscores their value in safeguarding the integrity of the packaged items, further elevating their importance in the market.

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Start-up Ecosystem

The burgeoning tube laminating films start-up market is a hotbed of innovation, constantly generating novel concepts and pioneering methodologies to introduce unique products into the market. Start-up enterprises within this sphere are committed to harnessing minimal resources while deploying advanced techniques to create high-standard, enduring products.

Among these innovative start-ups, 3D Neopac stands out as a prime example. The company has undertaken a transformative approach by enhancing tube design with an eco-conscious focus and maintaining PCR (Post-Consumer Recycled) quality standards. In a remarkable move toward sustainability, 3D Neopac has recently introduced the Spring tube kraft, which is specifically designed to reduce plastic usage. This underlines the startup’s dedication to pioneering eco-friendly, budget-conscious, and materials-efficient solutions that are poised to make a significant impact in various marketplaces in the upcoming years. These initiatives reflect the dynamic nature of the start-up segment within the tube laminating films market, where innovation and sustainability are driving forces.

Market Drivers:

Product Protection: Tube laminating films enhance the protection of the contents within the tube, safeguarding them from external factors such as moisture, oxygen, and UV radiation, which can affect the product’s integrity.
Brand Enhancement: High-quality tube laminating films offer an opportunity for attractive branding and product presentation. They can be printed with vibrant graphics and information to make products more appealing to consumers.
Barrier Properties: Laminating films can be engineered to provide specific barrier properties, such as improved moisture resistance or UV protection, making them suitable for a wide range of applications.
Environmental Considerations: With the growing focus on sustainability, there is an increasing demand for eco-friendly laminating films that can be recycled or are biodegradable, which can drive market growth.
Growth in Cosmetic and Personal Care Industries: The cosmetic and personal care industries are significant users of tube laminating films for products such as creams, lotions, and toothpaste, contributing to market growth.

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Market Players

Mondi Group
ESSEL PROPACK LIMITED
Cosmo Films Ltd.
Drytac Corporation

Key Segments

By Product Type:

Solvent-based
Solvent less
Water-based
Others

By Material:

Aluminum Foil
Nylon
EVO
Copolymer
PET
Polypropylene
Polyethylene
Others

By Application:

Food Manufacturing
Pharmaceuticals
Personal Care
Chemicals & Industrial

By Regions:

North America
Europe
Asia-Pacific
Latin America
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

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Tech-Savvy Hotel Chains Market on Track for a US$ 220 Billion Triumph by 2032 | FMI

The global tech savvy hotel chains market is likely to be appraised at US$ 53.5 billion in 2022, likely to reach US$ 220 billion by 2032 with a CAGR of 15% during the forecast period (2022 to 2032).

Hotel chains around the world are fast adopting the technological advancements that are crawling into the fast changing global hospitality scenario. Over the last few decades, several renowned brands of the hotel industry have successfully inducted technology into their daily operational flowchart. The long-term bonhomie has impacted the overall growth of the industry. Over the years the service levels in several plush hotels have surged due to the able use of technology.

The new breed of smart hoteliers is promoting digitisation to slash the recurring costs and also to table some of the state-of-the-art services to their elite customers through the best possible use of technology. Not only big properties, smaller players of the hospitality segment are also infusing effective technologies to enhance industry standards.

Tech-savvy hotel chains are slowly but steadily mushrooming around the world. The tech-savvy hotel chains are reaping the benefits of the technology and digital boom. Mass digitisation has created a huge platform for tech-savvy hotels. Proper use of technology has not only changed the brand image in the market, but it has also enhanced the global customer outreach. Social media is a powerful podium to share opinion and views and it also helps gauge the market behaviour to a large extent.

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Key Trends in the Tech-Savvy Hotel Chains Market

In the dynamic landscape of the hospitality industry, the emergence of tech-savvy hotel chains is reshaping the guest experience and redefining operational efficiency. As travelers increasingly seek seamless, personalized, and contactless interactions, hotel chains are quick to adopt cutting-edge technologies to stay ahead of the curve. Here are the key trends driving innovation in the tech-savvy hotel chains market.

Contactless Check-In and Check-Out: Tech-savvy hotel chains are leveraging mobile apps and self-service kiosks to streamline the check-in and check-out processes. Guests can now use their smartphones to access their rooms, minimizing physical contact and enhancing convenience. This trend not only aligns with safety concerns but also caters to the preference for swift and hassle-free transactions.
Smart Room Controls: The integration of Internet of Things (IoT) devices within hotel rooms allows guests to control various aspects of their environment, such as lighting, temperature, and entertainment, through a centralized system. Voice-activated assistants and smart mirrors are becoming commonplace, offering a personalized and futuristic stay experience.
Artificial Intelligence (AI) for Personalization: AI-driven algorithms analyze guest preferences, behaviors, and booking history to provide personalized recommendations and services. From suggesting dining options to customizing room settings, AI enhances the overall guest experience by anticipating and meeting individual needs.

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Tech Savvy Hotel Chains: Restraints

The organic growth of tech savvy hotel chains is blocked by the surging cost of hotel friendly technologies. Most of the medium level hotel chains cannot afford costly technological makeovers. The dearth of skilled manpower to handle technology is also plummeting the growth of tech savvy hotel chains.

Tech Savvy Hotel Chains: Bigwigs

There are several apps and advanced technologies which are presently dominating the hospitality segment. Radisson iConcierge app, LodgeNet service by Hotel Duval is equipped with 23-inch ICE (Interactive Customer Service), Hyatt Regency offers a gamut tech-savvy services to their customers. ARIA, Las Vegas is another hotel chain which provides some distinctive services to its customers.

Key Manufacturing Companies:

W Singapore
The Hotel Silken Puerta América
The Yotel New York City
Eccleston Square Pimlico
Pengheng Space Capsules Hotel
Blow Up Hall 5050
City Hub,Kameha Grand
Hotel Zetta
Henn Na Hotel

Key Segmentation:

By Tour Type:

Domestic
International

By Consumer Orientation:

Men
Women

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Age Group:

26-35 Years
36-45 Years
46-55 Years

By Region:

North America
Latin America
Europe
Asia Pacific
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.

Contact Us:

Nandini Singh Sawlani

Surfing Tourism Market on Track for a Thrilling US$ 17.1 Billion Valuation by 2032 at a Steady 6% CAGR

With a projected share of US$ 9.5 billion in 2022, the worldwide surfing tourism market is expected to grow at a compound annual growth rate (CAGR) of 6% from 2022 to 2032, when it is expected to reach US$ 17.1 billion.

Being a great cardiovascular exercise, the demand for surfing tourism is surging. Since this sport needs excessive paddling which turns out to be a good core workout, offering surfers intense upper body exercise.

With an impeccable growing rate, surfing has become a prominent action sport in the world and emerged as one of the most progressive tourism industries in the world, positively influencing the surfing tourism market outlook.

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Key Trends in the Surfing Tourism Market

Surfing tourism has emerged as a dynamic sector within the broader travel industry, enticing wave enthusiasts to seek thrilling experiences in exotic coastal destinations. As the global travel landscape continues to evolve, several key trends are shaping the surfing tourism market, influencing both industry players and travelers alike.

Sustainable Surfing: One of the foremost trends in surfing tourism is the growing emphasis on sustainability. Travelers are increasingly seeking destinations and operators that prioritize environmental conservation and promote responsible surfing practices. Eco-friendly surf schools, resorts with sustainable initiatives, and community-driven conservation projects are gaining popularity among conscious surf travelers.
Technology Integration: The surfing tourism market is witnessing a digital transformation, with technology playing a pivotal role in enhancing the overall experience. From wave prediction apps to virtual reality surf training programs, technology is offering surfers new ways to engage with the sport. Furthermore, online platforms connecting surfers with local guides and fellow enthusiasts are fostering a sense of community within the surfing tourism ecosystem.
Rise of Niche Markets: As the surfing community diversifies, niche markets are gaining traction. Women-centric surf retreats, family-oriented surf camps, and surf experiences tailored for different skill levels are becoming more prevalent. Surfing tourism operators are recognizing the importance of catering to specific demographics, creating specialized packages to meet the unique preferences of their target audiences.

Competitive Landscape

AGIT Global North America, Inc.
AJW Surfboard Boardriders, Inc.
Body Glove
BruSurf
CANNIBAL SURFBOARDS
Channel Islands Surfboards
Firewire Surfboards, LLC
Global Surf Industries
Globe International Limited
Gul Watersports Ltd.
Harbour Surfboards
Hydenshapes
Infinity Surfboards Inc.
JS Industries
Keeper Sports Products, LLC
Mt Woodgee Surfboards
Naish International NSP International
O’Neill
Rip Curl International Pty Ltd.
Rusty Surfboards
Tahe Outdoors Ltd.
Volcom, LLC

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Key Segmentation

By Tour Type:

Domestic
International

By Consumer Orientation:

Men
Women

By Tourist Type:

Independent Traveler
Tour Group
Package Traveler

By Age Group:

26-35 Years
36-45 Years
46-55 Years

By Region:

North America
Latin America
Europe
Asia Pacific
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.

Contact Us:

Nandini Singh Sawlani

Pouch Tapes Market Analysis: Industry worth US$ 1,241.35 Million by 2033

Pouch tapes are adhesive tapes that are designed with a built-in pouch or pocket feature. They are commonly used for packaging and shipping purposes, especially for documents, invoices, packing slips, or other small items that need to be attached securely to a package. The pouch aspect of the tape allows for easy insertion and removal of such documents, offering convenience and efficiency in packaging processes.

Top of Form

The pouch tapes market is expected to be worth US$ 979.25 million in 2023, with a projected market share of US$ 1,241.35 million by 2033, reflecting a compound annual growth rate (CAGR) of 2.4% from 2023 to 2033.

Pouch tape sales have been high for tacking property and are used for documents in shipping and logistics and others without damaging any packed things inside it. The demand for pouch tapes is rising as they help in wrapping properties that are essential for moisture resistance, abrasion resistance, etc. Pouch tapes market share is likely to expand as they have high tacking property, preventing rubbing off and reducing the chance of lost or delayed packages and bar codes from becoming scuffed and non-legible during the forecast period.

Pouch tapes are specialized adhesive tapes used in various packaging applications, primarily for sealing and resealing pouches and flexible packaging. They are designed to provide secure closure, tamper evidence, and easy opening for products like snacks, dry goods, and personal care items.

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Growth Factors

The shipping and logistics sectors are poised for expansion, riding on the wave of e-commerce growth, which is in turn driving the demand for pouch tapes according to market demand analysis. Pouch tapes, distinguished by their tacky borders, exhibit robust adhesion properties, making them indispensable for affixing and safeguarding packing lists, informational materials, work instructions, and other essentials within the postal communication domain. This unique functionality has led to a noticeable surge in the sales of pouch tapes.

The pivotal attributes fueling the demand for pouch tapes include their exceptional resistance to moisture and abrasion, rendering them suitable for use in challenging climatic conditions. The escalating need to ensure the secure storage of official documents is anticipated to further propel the sales of pouch tapes in the forthcoming years, solidifying their position as a preferred solution in the packaging and postal communication landscape.

Competitive Landscape:

Intense competition exists in the pouch tapes market, which is populated by a large number of small and medium-sized businesses as well as a select number of industry heavyweights. To gain a competitive edge, the leading market participants concentrate on ongoing product development, market research, and the formation of strategic alliances. Innovation is at the forefront as businesses work to meet the constantly changing wants of customers in an environment where there are many firms contending for market share. The top competitors have a strong global presence, numerous manufacturing facilities, a sizable client base, and a well-known brand that works in their favour. It is difficult for smaller firms to compete on price alone because these dominating players may offer competitive prices by utilising economies of scale.

Key Developments:

Pouch Tapes Benefit from the Fourth Industrial Revolution: The need for premium pouch tapes that can withstand the demands of automated packaging systems has increased due to the growing adoption of automation and Industry 4.0 technologies across a variety of industries. In automated procedures, pouch tapes prove to be the perfect sealing solution, increasing efficiency and dependability.
Growing Emerging Markets: The demand for packaged goods and effective packaging solutions like pouch tapes is increasing as disposable income in emerging countries rises and the middle class expands. The pouch tapes market is growing as a result of manufacturers’ interest in these developing areas as possible growth prospects.

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/5772

Key Players

3M
Irplast S.p.A.
Lynx Polythene Ltd.
Flexopack Ltd

Key Segments

By Material Type:

Polypropylene
Polyethylene
LDPE
HDPE

By Width:

Less than 5”
5” to 6”
Above 6”

By End User:

Shipping and Logistics
Food and Beverages
E-Commerce
Warehouse Shipping
Commercial

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani