Cloud Telephony Services Market: Projected Growth at 9.7% CAGR, Envisages US$ 57.6 Billion by 2033

The cloud telephony services market is anticipated to expand its roots at a steady CAGR of 9.7% between 2023 and 2033. The market is expected to have a market share of US$ 57.6 billion by 2033, while it is likely to be valued at US$ 22.8 billion in 2023

  • Expanding businesses are pushing the adoption of futuristic business communication systems and are flourishing in market growth. The easy installation and integration of internet calling in different outsourcing mediums like call centers are garnering market growth.
  • Higher mobility and flexibility are delivered through the connection modules with different types of devices that are cost-efficient and employee-sufficient. The integrated cloud telephony CRM systems offer new response times for employees, enhanced call volumes, and sales performance.
  • Adding multiple users, virtual numbers, and smooth call flows are expected to make this future-ready. Furthermore, the better security and resilience delivered by cloud telephony services also benefit large and mid-sized corporate structures.
  • Real-time transcriptions, call reports, SMS bots, missed incoming call reminders, and bulk SMS dispatch are some additional services that the cloud telephony services offer.
  • The higher employee productivity and sales output, along with the highly customizable solutions, increase the customization properties.

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 Key Takeaways from the Cloud Telephony Services Market Report:

  • The United States market leads the cloud telephony services market in terms of market share in North America. The United States region held a market share of 16.6% in 2022. The growth in this region is attributed to increased outsourcing businesses and the adoption of advanced communication technologies.  The North American region held a market share of 28.2% in 2022.
  • The German market is another important market in the European region. The market held a market share of 9.2% in 2022. The growth is caused by the higher usage of cloud telephony services in in-house corporate communication and extending research and development. Furthermore, the European region also held a 24.3% global share in 2022.
  • The Indian cloud telephony services market thrives at a CAGR of 11.5% during the forecast period. The growth is attributed to the IT and telecom boom and an increase in call centers.
  • The China market also thrives at a CAGR of 8.6% between 2023 and 2033. The growth is caused by the expanding corporate structures.
  • Based on deployment type, the cloud segment held the leading market share of 52.3% in 2022. The growth is attributed to the high-end security and managed control access.
  • Based on enterprise size type, the large enterprise segment leads the market, as it held a leading market share of 62.2% in 2022. The growth is caused by higher consumption and long-range of the workforce.

Competitive Landscape:

The key vendors focus on advanced installation, better connection, and fewer call drops. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Major Key Players:

  • 8×8 Inc.
  • Avoxi
  • BroadSoft
  • Cisco System Inc
  • DIALPAD

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Recent Market Developments:

  • BroadSoft’s enterprise performance and security platforms deliver functional and effective business communications.
  • Avori has introduced its PBX platform risk-free along with the management of 170+ countries with assigned local caller IDs during outbound calls.

Key Segments Covered

By Deployment:

  • Hosted
  • Cloud

By Enterprise Size:

  • Small & Medium Enterprise (SMEs)
  • Large Enterprises

By Network:

  • Public Switched Telephone Networks (PSTNs)
  • Voice over Internet Protocol (VoIP)

By Application:

  • Conferencing
  • Multi-level IVR
  • Sales & Marketing
  • Customer Relationship Management (CRM)

By Industry:

  • Banking, Financial Institutions, and Insurance (BFSI)
  • Education
  • Government
  • Healthcare
  • Media & Entertainment
  • Retail
  • Telecom & IT

Key Regions Covered:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • 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.

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Affective Computing Market: Projected to Surge, Eyeing an Impressive Valuation of US$ 12,94,617.60 Million by 2033

The affective computing market is forecasted to expand at 33.6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 71,282.9 million in 2023 and US$ 12, 94,617.60 million by 2033.

Wide use of affective computing solutions and technologies in the automotive sector is fueling the market growth. A large proportion of market competitors provide at least one service or are well geared toward automobile applications. In the automobile industry, affective computing is recurrently being used to develop Advanced Driver-assistance Systems (ADAS).

A considerable increase in the adoption of emerging technologies in the automotive sector is expected to create ample opportunities for the providers of affective computing solutions.

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The surge in the demand for advanced electronic devices like power banks, portable chargers, mobile phones, etc., and continuous requirements for technical advancements, are fueling the demand outlook for affective computing. From the records, the number of mobile devices was around to be 15 billion in 2021.

Heightened demand for virtual assistants that are capable of identifying fraudulent activities, along with increasing requirements for better security in varied sectors is fueling the market growth.

The market is being positively impacted by the development of robots with computational data, making it emotional and informative. It is projected to warrant flexibility in certain or complex situations. This is expected to dictate the upcoming trend in the forecast period.

Industries are yet at a nascent stage concerning the detection of customers’ emotions. Affective computing lets the computational device decode the non-verbal and emotional cues of users. The technology reacts in real time to movements, physiology, gestures, and other behaviors. This is projected to propel the scope of affective computing.

The accelerating demand for affective computing in sectors related to security applications like voice-activated biometrics to restrict access for authorized users is further expected to propel market growth.

Top Highlights from the Affective Computing Market Report:  

  • North America affective computing industry stands out from the rest of the markets, owing to its large chunk share of 32.2% in 2022.
  • The United States affective computing industry is expected to garner a market share of more than 18.4% in 2023.
  • Europe’s affective computing industry is projected to account for more than 23.2% market share in 2023.
  • Germany’s market is expected to record a market share of above 10.5% in 2023.
  • The United Kingdom’s affective computing industry is forecasted to expand at 32.3% CAGR.
  • Japan’s market is projected to hold a market share exceeding 5.5% in 2023.
  • China’s affective computing industry is projected to expand at 34.3% CAGR from 2023 to 2033.
  • India’s market is forecasted to register a CAGR of 30.2% in the forecast period.

Innovation Watch: Key Developments in the Market

  • Nuance Communications, Inc., in September 2022 announced that Liberty Global increased its use of Nuance Dragon TV for Virgin Media O2 users in the United Kingdom. The extension incorporates new capabilities that offer better assistance for visually impaired consumers like reading aloud program information.
  • CallMiner, a global leader in conversation intelligence to propel business upgradation, announced new integrations with Amazon Connect and Genesys Cloud CX in August 2022. Organizations can leverage CallMiner’s platform based on live-voice audio availability, with these new integrations.

Leading Key Players:

  • Microsoft
  • IBM Corporation
  • Apple
  • Qualcomm
  • Intel
  • Sony Depthsensing Solutions
  • Affectiva

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Key Segments

By Components:

  • Software
    • Speech Recognition
    • Gesture Recognition
    • Facial Feature Extraction
    • Analytics Software
    • Enterprise Software
  • Hardware
    • Sensors
    • Cameras
    • Storage Devices and Processors
    • Others

By Technologies:

  • Touch-based
  • Touchless

By Verticals:

  • Academia and Research
  • Media and Entertainment
  • Government and Defense
  • Healthcare and Life Sciences
  • IT and Telecom
  • Retail and E-Commerce
  • Automotive
  • BFSI
  • Others

By Region:

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

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Culinary Tourism Market Eyes a Whopping US$ 48,20,308.2 Million by 2033, Driven by a Resilient 17.1% CAGR | FMI

Culinary Tourism Market
Culinary Tourism Market

 The culinary tourism market is expected to be valued at US$ 9,92,059.4 million in 2023. In 2022, the value was US$ 9,76,679.0 million. The CAGR of the market for the forecast period from 2023 to 2033 is a remarkable 17.1%. By 2033, the market is predicted to have jumped in size to US$ 48,20,308.2 million.

Among foodies, authenticity is valued highly. Gourmets are willing to spend on travel to go to places from where cuisines originated to indulge in authentic preparation of food. Thus, culinary tourism is on the rise. However, a focus on culinary tourism is expected. Aside from consuming food, consumers are also taking culinary classes, participating in culinary trials, and overall immersing in the culinary culture of the regions.

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Often, culinary tourism is embedded with overall tourism packages. Travel companies are offering tourism packages with culinary experiences regularly. Further, tourist food spots are wider than just commercial spaces. Culinary tourism is rapidly including food cooked at home, providing wider avenues to the expansion of the market.

Key Takeaways from the Culinary Tourism Market

  • The culinary tourism market’s size for 2023 is estimated to be US$ 9,92,059.4 million.
  • Culinary trials are the most popular culinary tourism activity. For 2023, culinary tourism is estimated to have a market share by activity type of 26.3%.
  • Domestic tourists make up the most significant consumer base of culinary tourism. For 2023, domestic tourists are expected to account for 72.6% of the market share by tourist type.
  • India is one of the fastest-growing countries in the market. For the 2023 to 2033 forecast period, the CAGR for India is pegged at a stellar 10.5%.
  • Japan is another Asian country holding significant promise for the market. For the 2023 to 2033 period, the CAGR for Japan is an impressive 10.3%.
  • Australia is marked for encouraging growth in the market. For the 2023 to 2033 period, the CAGR for Australia is expected to be 9.4%.

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Key Companies in the Culinary Tourism Market

  • Abercrombie & Kent USA, LLC
  • Classic Journeys, LLC
  • G Adventures
  • Greaves Travel Ltd
  • India Food Tour
  • ITC Travel Group Limited
  • The FTC4Lobe Group
  • Topdeck Travel (Flight Centre (UK) Limited)
  • The Travel Corporation
  • Gourmet on Tour
  • Culinary Adventures International
  • Culinary Tours
  • Butterfield & Robinson Inc.

Competition Analysis of the Culinary Tourism Market

Marketing campaigns are relied upon heavily by players in the market. Both local players and giant corporations have carved out a significant piece of the pie. Some prominent companies in the market are Abercrombie & Kent USA, LLC Classic Journeys, LLC G Adventures, and Greaves Travel Ltd.

Recent Developments in the Culinary Tourism Market

  • In October 2023, the World Food Travel Association (WFTA) launched a certification program encouraging sustainable culinary experiences.
  • In September 2023, the Culinary Action! program from the Basque Culinary Center was launched. The program aims to provide better facilities for socially disadvantaged people in culinary experiences.
  • In August 2023, Airbnb took a prominent step in the market by launching a range of culinary experiences.

Key Segments

By Activity Type:

  • Culinary Trials
  • Cooking Classes
  • Restaurants
  • Food Festival
  • Others

By Tourist Type:

  • Domestic
  • International

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The 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.

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Future Market Insights Inc.
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Diving Tourism Market Poised for a Remarkable US$ 5.28 Billion Surge, Anticipating 6.0% CAGR till 2032 | FMI

Diving Tourism Market
Diving Tourism Market

It is projected that the diving tourist market would grow to a value of US$ 2,940 million by 2022. Sales are expected to grow at a strong 6.0% CAGR, according to the analysis, and the market worth will exceed US$ 5,281 million by 2032. Between 4% and 6% of all travel sales worldwide are made up of the diving tourism industry.

Diving tourism is a thriving industry, captivating enthusiasts and adventurers worldwide. With breathtaking underwater landscapes and diverse marine life, this market has experienced significant growth. Popular destinations like the Great Barrier Reef, Maldives, and Red Sea attract millions of visitors annually.

The market caters to both novice and experienced divers, offering certification courses, guided dives, and liveaboard experiences. Dive resorts and operators provide state-of-the-art equipment and expert instructors, ensuring a safe and enjoyable underwater experience.

Environmental sustainability is a key focus, with initiatives promoting coral reef conservation and responsible diving practices. The industry contributes to local economies, creating jobs and supporting marine conservation efforts.

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Consumers are increasingly interested in unique experiences such as wreck dives, cod holes, and minke whales, hence the feature dive sub-sector of the business is gaining traction. Smaller operators are more likely to provide these specialty dives, which are often only available for a limited time.

In addition, the companies are focusing on forming relationships with domestic tour operators in order to develop their business and obtain a competitive advantage.

Riding the Wave of Key Trends for Diving Tourism Market:

Diving tourism is making significant waves in the travel industry, driven by a confluence of trends that are reshaping the underwater adventure landscape. As the world becomes more interconnected and travelers seek unique experiences, the diving tourism market is poised for unprecedented growth. Here are some key trends shaping this dynamic sector.

  • Sustainable Diving: The diving tourism market is increasingly influenced by eco-conscious travelers. Sustainable diving practices, including reef conservation, responsible marine life interaction, and eco-friendly dive operators, are gaining prominence. Tourists are now prioritizing destinations committed to preserving underwater ecosystems, fostering a symbiotic relationship between tourism and marine conservation.
  •  Technological Integration: Advancements in technology are transforming the diving experience. Virtual Reality (VR) and Augmented Reality (AR) are enhancing pre-dive training, allowing divers to familiarize themselves with underwater environments before taking the plunge. Additionally, underwater drones and advanced diving gear are providing enthusiasts with unprecedented access to remote and challenging dive sites.
  • Rise of Adventure Travel: The global shift towards adventure tourism is amplifying the popularity of diving. Travelers are seeking immersive experiences that go beyond traditional sightseeing. Diving offers a unique blend of adrenaline and exploration, attracting adventure seekers who crave the thrill of discovering the unknown depths.
  •  Personalization and Exclusivity: Diving tourism is evolving from a mass-market activity to a more personalized and exclusive experience. Customized dive packages, boutique liveaboard cruises, and private diving excursions cater to discerning travelers seeking tailor-made adventures. This trend reflects a desire for individualized, high-quality experiences in the underwater realm.
  • Wellness and Mindfulness: Diving is not just an adventure; it’s also becoming a wellness pursuit. The therapeutic benefits of being submerged in the calming blue depths are gaining recognition. Diving centers and resorts are incorporating wellness programs, combining mindfulness practices with diving experiences to offer a holistic approach to underwater exploration.
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Who is winning?

Leading manufacturers of diving tourism are focusing on smart promotional strategies, advertisements, and new diving destinations to improve sales in the market.

Major players:

  • The Natural Travel Collection Ltd
  • PADI Travel
  • Dive The World
  • Fly & Sea Dive Adventures
  • World Dive and Sail International
  • Ultimate Dive Travel
  • Hidden Depths Dive Tours
  • Project Expedition
  • Scuba Travel
  • Bluewater Travel
  • Entrada Travel Group
  • Island Expeditions Company Limited
  • Pro Dive Cairns
  • Dive Adventures
  • Liveaboard Adventures
  • National Geographic Expeditions
  • Deep Blue Adventures
  • Caradonna Adventures
  • Advanced Diver Mexico
  • Asia Diving Vacation

Global Diving Tourism Market by Category

By Diving Type:

  • Drift Diving
  • Deep Diving
  • Wreck Diving
  • Others

By Diver Type:

  • New Diver
  • Casual Diver
  • Active Diver
  • Professional Diver

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

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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Enterprise Mobility Market on the Rise, Envisions US$ 2,913,487 Million by 2033 with 16.5% CAGR

The global Enterprise Mobility Market is predicted to develop at a steady Compound Annual expansion Rate (CAGR) of 16.5% during the forecast period, continuing on a trajectory of strong expansion. By 2033, the market is expected to have grown from US$ 630,994 million to an astounding US$ 2,913,487 million.

The growth of the corporate mobility market is supported by a number of important factors. The momentum is being driven by the rapid adoption of cloud and mobile applications across a variety of industries, as well as the growth of data and mobile devices within businesses. These technology developments are having a positive impact on businesses all around the world, which is increasing the demand for enterprise mobility solutions.

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One of the driving forces behind this rapid growth is the increasing mobile workforce and the adoption of Bring Your Own Device (BYOD) initiatives by enterprises. These strategies have not only bolstered worker productivity but have also granted employees the flexibility to work seamlessly from any location, at any time, while having unfettered access to corporate data on the go. Consequently, the demand for innovative enterprise mobility solutions has surged.

Key Takeaways from the Enterprise Mobility Market Study Report

  • Owing to the presence of many leading market players, the United States dominated the global market by contributing 15.4% in 2022. Moreover, it is part of the broader North American region that held a market share of 28.4% in that year.
  • Market players operating in the European countries together generated an overall share of around 21.3% of the global revenue generated in 2022. Germany was noted to be the frontrunner as it contributed 9.2% of the revenue share alone.
  • FMI reveals in its reports that over the forecast years, Asia Pacific countries are also anticipated to create greater opportunities for market players. Particularly, China and India are projected to register higher growth rates of 14.3% and 18.5%, respectively, during this period.

Regional Trends and Competition Analysis

As the enterprise mobility market continues to expand, various regions are experiencing diverse adoption patterns. Competitive analysis within this sector reveals that companies are innovating to meet the evolving needs of businesses. With the projected growth, businesses are expected to intensify their efforts to capture a larger market share and stay ahead of the competition.

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Recent Developments by the Enterprise Mobility Service Providers

Checkmarx Corporation released its static analysis tool, ‘ Keeping Infrastructure as Code Secure,’ in February 2021 for cloud-native apps. This app is free of cost and is designed to give developers more security while using Infrastructure as Code.

To enhance the capabilities of its software-as-a-service (SaaS) application security platform, Qualys Incorporation introduced Qualys SaaS Detection and Response (SaaSDR) in February 2021. As a result, users are now expected to have the security they need to deal with the increasing complexity of SaaS applications.

Major Key Players:

  • Globo PLC
  • Enterprise Mobile Inc
  • Verizon Enterprise Solutions
  • International Business System
  • SAP SE
  • Panasonic Corporation
  • Nokia Corporation
  • Blackberry Ltd
  • Cerner Corporation
  • AT&T Inc
  • IBM Corporation
  • iPass Inc
  • Good Technology Inc
  • Meru Networks
  • Cisco Systems Inc
  • Avaya Inc
  • Aruba Networks Inc.

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Key Segments

By Solution Type:

  • Mobile Content Management
  • Mobile Application Management
  • Mobile Device Management
  • Mobile Identity Management
  • Other Solution Types

By Component:

  • Solution
  • Service

By Deployment:

  • On-Premise
  • Cloud

By Enterprise Size:

  • Large
  • Small and Medium
  • By Device Type
    • Laptop
    • Tablet
    • Smartphones

By Industry Vertical:

  • Healthcare
  • Energy and Utilities
  • BFSI
  • Retail
  • Government and Public Sector
  • IT and Telecom
  • Education
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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.

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Future Market Insights Inc.
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Enterprise Content Management Market Gears Up for Stellar 8.7% CAGR, Eyeing US$ 38.3 Billion by 2033

The global enterprise content management market is anticipated to exhibit promising growth by registering an impressive CAGR of 8.7% from 2023 to 2033. The global market is predicted to be valued at US$ 16.6 Billion in 2023 and is likely to reach US$ 38.3 Billion by 2033. The growth of the overall market is attributed to the rising standard of compliance and audit management. Furthermore, increasing control and visibility over corporate information that integrates and optimizes business processes are fuelling the demand for the enterprise content management market.

Numerous industries ask for more optimized and compliance-friendly management programs that assist their corporate structure in strengthening their different distribution channels and multiple supply chains. This is where enterprise content management systems come into play.

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From BFSI to IT, the use of these content management systems is booming and is expected to hold a huge market in the forecast period. During the flu season, global markets were severely impacted by rearranging the supply chains. Such measures took place because of the market restrictions and logistics bans introduced by governments around the world.

However, some markets benefited through the course of the virus spread. Enterprise content management systems are helpful in managing content while following the work-from-home trend. Over recent years, a content vacuum has been created for multiple businesses.

Enterprise content management tools help in breaking complex documents and simplifying different business operations. Since business enterprises worked remotely, the urgency for improved and automated workflow occurred. Enterprise content management systems offer better control and visibility over the data and other corporate information, optimizing operations and eliminating manual tasks

Key Takeaways from the Enterprise Content Management Market Report:

  • The surging need for regulatory, compliance and audit management amongst enterprises is likely to fuel the sales of enterprise content management. Moreover, the IT systems integrating with various content management tools are expected to strengthen corporate information governance.
  • The primary factor driving the enterprise content management market is frequent audits, rising security risks, and regular compliance policies. Furthermore, business enterprises demand maintenance of multiple documents and data required at the time of audits and protect the information from frauds and cyber-attacks.
  • Enterprise content management systems are employed while integrating these solutions with cloud-based storage. Cloud-based solutions are easily available, while the on-premise type of content management is gaining popularity in enterprise content management.
  • Owing to the latest cutting-edge technological advancements have fully changed the way enterprise content management tools work, integrating with artificial intelligence, machine learning, and predictive learning.
  • Business platforms are actively employing enterprise content management systems in order to provide efficient solutions for record management, audit trail, content collaboration, and dashboard analytics. This enhances the operability of multiple sections of a corporate structure, increasing the productivity of the company.
  • Over recent years, there has been a significant boost in content creation, specifically social media content. With the emergence of high internet and 4G/5G networks, content creation is at its peak.
  • The transformation through the rising trend of AI – Integrated ECM systems are classifying, analyzing, and categorizing the data and information. AI-based technologies like image recognition, voice recognition, and machine learning.
  • Enterprise content management tools are used in 80% of unstructured data, and 70% of data is from written documents and comments. This pushes the sales of enterprise content management systems.

Leading Key Players:

  • Alfresco Software Inc.
  • Capgemini
  • Datamatics Global Services Ltd
  • EMC Corporation
  • Hyland Software Inc.
  • IBM Corporation
  • Laserfiche
  • M-files Inc.
  • Newgen Software
  • OpenText Corporation
  • Pennywise Solutions
  • SAP
  • Systemware Inc.
  • TCS

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More Insights into the Enterprise Content Management Market

The global enterprise content management market is divided into numerous regions, including North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe. The biggest market is the United States, thriving at a CAGR of 8.4% between 2023 to 2033.

The North American region is anticipated to account for a total market revenue of US$ 10.5 Billion by the end of 2033. The U.S. holds the biggest forecasted revenue share as it has almost completed the digitization phase while India is the highest-growing market for enterprise content management market due to excessively growing corporate spaces. India region will hold US$ 2.5 Billion by the end of 2033 as it thrives on a promising CAGR of 10.4% between 2023 to 2033.

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Enterprise Content Management Key Segments

By Component:

  • ECM Software
    • On-premise
    • Cloud based
  • Services
    • Consulting
    • System Integration
    • Operation & Maintenance

By Enterprise Size:

  • Small & Medium Enterprise (SME’s)
  • Large Enterprises

By Solution:

  • Document Management
  • Content Management
  • Case Management
  • Workflow Management
  • Record Management
  • Digital Asset Management
  • eDiscovery

By Industry Vertical:

  • Banking, Financial Institutions, and Insurance (BFSI)
  • Education
  • Government & Public
  • Healthcare
  • Media & Entertainment
  • Retail
  • Telecom & IT
  • Manufacturing

By Region:

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

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:        

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Future Market Insights Inc.
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Network Encryption Market Forecasted to Exceed US$ 8.7 Billion by 2033, Anticipating a 7.7% Annual Growth Rate

The network encryption market revenue totalled US$ 4.1 Billion in 2023 and the sales are expected to reach US$ 8.7 Billion by 2033, growing at a CAGR of 7.7% over the forecast period of 2023 and 2033.

Rapid technological advancements and the introduction of artificial intelligence, machine learning, network security, and cyber security have created prospects for network encryptions. These technologies have become essential in improving economic competitiveness, thereby propelling the market growth. 
As more IoT products enter the market, new security and policies will likely be established to prevent cyber assaults and the theft of personal information. IoT products are sophisticated, hence it will be critical to manage the risks that come with them. On the back of these factors, the network encryption market is anticipated to grow at a significant rate. 

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Adoption of Network Encryption for Protection of Intellectual Property

The safety of consumers’ personal information is a primary motivator for deploying encryption. According to a study, around 60% of respondents are using encryption to protect customers’ personal information, 50% are protecting information against particular, identifiable risks, and 49% using it to protect the company’s intellectual property.  

Consumer data encryption is one of the most basic needs for all of these standards, and it applies to both in-transit and at-rest data. While the company has complete control over encryption methods, technology, and vendors, non-compliance can result in hefty penalties, particularly in the event of data breaches. Hence, the adoption of network encryption for the protection of intellectual property drives the global market. 

Blockchain to Become A Mainstream Technology for Network Encryption Market

Blockchain has shown to be an excellent platform for safe and decentralized information exchange during the last five years. To begin with, blockchain automates the data storage process, making data breaches caused by human error obsolete. As data is encrypted, decentralized, and with multiple nodes on the network, blockchain networks are close to impossible to hack. 

Banks, governments, healthcare systems, and other large institutions dealing with enormous amounts of sensitive data are all experimenting with blockchain technology for cybersecurity. For most businesses, however, blockchain is difficult and expensive to execute.

Because the technology is still in its early stages, compatibility and scalability, as well as the ongoing challenges of encryption key management, remain important roadblocks to implementation. Hence, rapid developments in blockchain technology will contribute to the growth of network encryption in upcoming years.

Key Takeaways from the Network Encryption Market Report:

  • By solution, the network encryption platforms segment is anticipated to account for the leading share of 46.4% in the global demand for network encryption during the forecast period. 
  • By enterprise size, the adoption of network encryptions in small enterprises is anticipated to increase at a CAGR of 8.9% between 2022 & 2032. 
  • By industry, the adoption of network encryptions in healthcare is anticipated to increase at a CAGR of 11.7% between 2022 & 2032, while BFSI segment is currently dominating the market share. 
  • North America is expected to lead the market followed by Europe in 2021.  
  • South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032. 

Leading Key Players:

  • Ciena
  • Huawei
  • ADVA
  • F5 Networks
  • Viasat
  • TCC
  • Certes Networks
  • Atos
  • Securosys
  • Thales
  • Aruba
  • Juniper Networks
  • PacketLight Networks
  • Atmedia
  • Rhode & Schwarz Cybersecurity

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Network Encryption Market Segmentation:

By Solution:

  • Network Encryption Platforms
    • On-Premise
    • Cloud-based
  • Network Encryption Devices
  • Services
    • Professional Services
  • Security Consulting
  • Training & Education
  • Support & Maintenance
    • Managed Services

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Government & Defense
  • BFSI
  • Telecom & IT
  • Media & Entertainment
  • Healthcare
  • Retail & E-Commerce
  • Others

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Sri Lanka’s Hiking & Trekking Tourism Market Set for a Remarkable 7.2% CAGR Surge by 2034 | FMI

The hiking & trekking tourism market analysis in Sri Lanka revenue is expected to grow from US$ 834.7 million in 2024 to US$ 1,673 million by 2034. Over the forecast period, demand for hiking & trekking tourism in Sri Lanka is predicted to increase at a CAGR of 7.2%.

The hiking and trekking tourism sector in Sri Lanka is experiencing notable growth, offering great experiences to visitors. The nation’s varied landscape, featuring tall mountains, sacred sites, dense jungles, and tea plantations, provides a unique backdrop for outdoor activities.

Significant investments by the government in developing new infrastructure and routes aim to foster the expansion of the hiking and trekking industry. Consequently, hikers and trekkers now have more accommodation options and tour organizations providing guided walks and excursions.

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The Sri Lanka Institute of Tourism and Hotel Management (SLITHM) plays a significant role by offering training to local guides and ensuring tourists have access to professionals. These advancements have positioned Sri Lanka as a preferred travel destination for hikers and trekkers worldwide.

The growth of hiking & trekking tourism in Sri Lanka can be attributed to several factors. These include the country’s diverse geography, development of new routes and infrastructure, and growing interest in natural tourism and adventure travel.

Local and international tourists are drawn to hiking and trekking experiences. Subsequently, the government is committed to nurturing and expanding this sector as a crucial component of the economy.

Key Trends For Hiking & Trekking Tourism Industry Analysis in Sri Lanka

Sri Lanka, renowned for its lush landscapes and cultural richness, is emerging as a hotspot for hiking and trekking enthusiasts. The Hiking & Trekking Tourism Industry in Sri Lanka has witnessed remarkable growth, driven by key trends that showcase the country’s diverse natural beauty. This analysis delves into the factors shaping this burgeoning industry.

  • Ecotourism Embrace: Sri Lanka’s commitment to sustainable tourism is transforming hiking and trekking experiences. Tourists are drawn to eco-friendly trails that highlight the island’s biodiversity, fostering a deep connection with nature. Conservation efforts and community involvement are integral, ensuring that trails remain pristine for future generations.
  • Unique Terrain Appeal: The topography of Sri Lanka offers a varied terrain, from coastal trails to misty mountain peaks. The Knuckles Mountain Range and Ella Rock are gaining popularity, providing diverse experiences for trekkers. This variety caters to different skill levels, attracting both novice hikers and seasoned trekkers seeking a new challenge.
  • Cultural Integration: Beyond natural beauty, Sri Lanka’s hiking trails seamlessly integrate cultural experiences. Treks often lead to ancient temples, historical sites, and traditional villages. This cultural infusion enhances the overall tourism experience, making it a holistic journey that combines adventure with cultural exploration.

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Key Takeaways from the Hiking & Trekking Tourism In Sri Lanka Report:

  • The Sri Lanka hiking & trekking tourism business size is set to reach US$ 1,673 million in 2034.
  • Overall revenue in Sri Lanka is estimated to total US$ 834.7 million in 2024.
  • Demand for hiking and trekking tourism in Sri Lanka is projected to rise at a CAGR of 2% through 2034.
  • By age group, the 26 to 35 years segment is projected to grow at a CAGR of 5% from 2024 to 2034.
  • Based on tour type, the tour guide segment is poised to exhibit a CAGR of 6.9% through 2034.

Who is Winning?

Leading players in the Sri Lanka hiking and trekking tourism business are Lanka Travel, Walkers Tours, Nature Trails Sri Lanka, Ceylon Hiking Club, Adventures Unlimited, Eco Trails Lanka, and Mountain Adventures Lanka.

These key players are focusing on offering new affordable hiking and trekking packages to woo more and more customers. They are also using social media platforms to expand their reach.

Recent developments:

  • In 2023, a new hiking and trekking package to the Knuckles Mountain Range was introduced by Lanka Travel.

Get More Valuable Insights:

Future Market Insights, in its new offering, provides an unbiased analysis of the Sri Lanka hiking & trekking tourism business, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study divulges compelling insights on Sri Lanka hiking and trekking tourism based on demographic (male, female, kids), group composition (family, couple, solo, group), tour type (independent, tour guide, packaged), interest (nature, culture, sports, others), age group (15 to 25 years, 26 to 35 years, 36 to 45 years, 46 to 55 years, 55+), duration (day hike,  1 to 4 overnights, 5+ nights), spending (accommodation, food, shopping, others), and country.

Hiking & Trekking Tourism In Sri Lanka Segmentation:

By Demographic:

  • Male
  • Female
  • Kids

By Group Composition:

  • Family
  • Couple
  • Solo
  • Group

By Tour Type:

  • Independent
  • Tour Guide
  • Package Tour

By Interest:

  • Nature
  • Culture
  • Sports
  • Others

By Age Group:

  • 15 to 25 Years
  • 26 to 35 Years
  • 36 to 45 Years
  • 46 to 55 Years
  • 55+ Years

By Duration:

  • Day hike
  • 1 to 4 overnights
  • 5+ Nights

By Spending:

  • Accommodation
  • Food
  • Shopping
  • Others

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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Glamping Market Poised for an Astounding US$ 11.62 Billion Feat, Sustained by a Striking 11.69% Growth Forecast by 2033 | FMI

Glamping Market
Glamping Market

According to FMI’s forecasts, the glamping market is expected to grow from US$ 3.84 billion in 2023 to US$ 11.62 billion by 2033. The market is anticipated to grow at an astounding CAGR of 11.69% throughout this time.

Increasing government-backed investments in the tourism sector across the globe is a chief factor driving the glamping market. Players in the tourism sector are offering better means to attract more tourist to outdoor locations.

The uptake and integration of technologies in such locations is encouraging consumers to opt for outdoor recreational activities, thereby augmenting the growth in the market.

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The developments of recreational vans and other motor homes with rental services is another factor boosting the market. Individuals are spending quality time with family and friends in remote areas and with the availability of all the resources at hand, which is emerging as a trend in the global tourism sector.

Further, the higher number of tourist locations in Europe and the development of regional tourism by various countries such as Spain, France, U.K., Germany, etc., is spurring demand in the market, and the trend is expected to continue over the forecast period.

Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor sports activities that include optimal safety of tourists is boosting sales in the glamping market.

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“Increasing sales of eco-pods, along with growing integration of technologies to facilitate comfort and safety in such accommodations will continue driving sales in the market over the assessment period,” says the FMI analyst.

Key Takeaways:

  • Based of product type, sales of eco-pods will remain high through 2032.
  • In terms of age group, demand in the 18-32 segment will gain traction over the forecast period.
  • By size, the 2-5 persons segment will expand at a robust pace through 2032.
  • The U.S. will continue dominating the North America glamping market.
  • Spain will emerge as a lucrative market, accounting for a dominant share in the Europe glamping market.
  • The India glamping market will continue witnessing high demand over the forecast period.

Key Players:

  • ACCOR SA.
  • Hilton Worldwide Holdings Inc.
  • Radisson Hotel Group
  • Hipcamp
  • Bourne Leisure Holdings Limited
  • TENTRR
  • Tents Xpert
  • Under Canvas
  • The Resort at Paws Up
  • Collective Retreats
  • Asheville Glamping
  • GlamXperience
  • PurePods
  • Getaway House, Inc.
  • Hoshino Resorts Inc.
  • Baillie Lodges

Glamping Market by Category

By Type:

  • Motor Homes
  • Tree houses
  • Eco-pods
  • Yurts
  • Tipis
  • Safari Tents
  • Bell Tents
  • Others

By Consumer Orientation:

  • Male
  • Female
  • Kids

By Age Group:

  • Below 18 years
  • 18-35 years
  • 35-50 years
  • Above 50 years

By Size:

  • Less than 2 people
  • 2-5 people
  • More than 5 people

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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
For Sales Enquiries: sales@futuremarketinsights.com
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End-of-Line Packaging Market Projected to Reach US$ 8.2 Billion by 2033

End-of-line packaging refers to the final stage of the packaging process in manufacturing or distribution facilities where products are packaged for shipment or retail display. This stage involves the consolidation of individual items or units into larger containers or packaging formats suitable for transportation, storage, or sale to end consumers.

The End-of-Line Packaging Market is estimated to secure a valuation of US$ 5.3 billion in 2023 and reach a valuation of US$ 8.2 billion by 2033. The market is estimated to capture a CAGR of 4.4% during the forecast period.

The increasing adoption of automation and robotic technologies is a key driver for the demand in automatic end-of-line packaging, which, in turn, is expected to boost the overall sales and demand for end-of-line packaging solutions. The End-of-Line Packaging Market is anticipated to witness substantial growth, potentially reaching 1.5 times its current market value during the forecast period. This trend underscores the industry’s shift towards automation and advanced packaging solutions to meet evolving consumer and market demands.

The market for integrated end-of-line and integrated packaging lines is poised for significant growth in the forecasted period, offering a lucrative outlook for investors. Sales in this sector, particularly in the field of automatic end-of-line packaging, are expected to surge, and the top three countries are projected to capture a substantial share of the market in 2023.

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Historic Outlook

The global end-of-line packaging market has demonstrated steady growth in recent years, achieving a Compound Annual Growth Rate (CAGR) of 3.5% from 2018 to 2022. Commencing at a valuation of US$ 4.4 billion in 2018, the market witnessed a notable increase to US$ 5.1 billion in 2022.

In the traditional manufacturing landscape, both manufacturers and packers faced the challenge of individually packaging their goods, leading to escalated packing costs for both parties. Packers were compelled to invest in diverse standalone packaging machines to address specific tasks related to various goods. However, through continuous innovation and research initiatives, a transformative solution emerged in the form of end-of-line packaging.

Drivers:

  1. Automation and Efficiency: The adoption of automation and robotic technologies in packaging processes enhances efficiency, reduces labor costs, and minimizes errors, driving the demand for end-of-line packaging solutions.
  2. Consumer Demand for Convenience: Changing consumer preferences, such as the demand for single-serve and on-the-go packaging, create opportunities for innovative end-of-line packaging solutions.
  3. E-commerce Growth: The growth of e-commerce and online shopping has increased the need for customized, protective, and sustainable packaging solutions for shipping and handling.
  4. Sustainability Initiatives: Companies are increasingly focusing on sustainable and eco-friendly packaging options, which includes end-of-line solutions designed to reduce environmental impact.
  5. Regulatory Compliance: Stringent regulations related to food safety, labeling, and environmental concerns drive the need for compliant end-of-line packaging solutions.
  6. Customization and Branding: The ability to customize packaging with branding, graphics, and product information is a key driver for end-of-line packaging, as it helps enhance brand identity and consumer engagement.
  7. Innovation in Materials: Advancements in packaging materials, including lightweight and protective options, are driving the development of new end-of-line packaging solutions.

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Market Players:

  • ABB Ltd.
  • Schneider Packaging Equipment Company, Inc.
  • Festo Corporation
  • I.M.A. Industria Machine Automatiche
  • Krones AG
  • MESPACK
  • Pro Mach
  • DS Smith plc
  • Syntegon Technology GmbH
  • Combi Packaging Systems

End-of-Line Packaging Market by Category

By Technology:

  • Automatic
  • Semi-automatic

By Function:

  • Stand-alone
  • Integrated

By End Use Industry:

  • Food & Beverages
  • Pharmaceutical
  • Electronics and semiconductor
  • Automotive
  • Others (Chemicals, etc.)

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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