Market Research Blog – Page 3709 – New Product Development

AI in IoT Market Shows Striking Surge, Anticipated CAGR of 6.4% Leading to US$ 153.1 Billion Projection by 2033

The AI in IoT market is predicted to grow steadily at a rate of 6.4% over the coming years. By 2033, it’s expected to reach a value of approximately US$ 153.1 billion.

As more and more transportation and connected devices need to keep track of their assets and performance, there’s a growing need for special services to help with this. Also, the companies that provide mobile network services around the world are helping to make everything more connected.

The cool thing is that as artificial intelligence gets better and we have easy access to the internet everywhere, the use of smart devices is increasing. This means we can do things more efficiently than ever before, and that could make IoT products even more valuable in the next ten years.

Artificial Intelligence has shown that it can be really helpful in gathering a lot of information. It gives us the tools to make decisions quickly in things like smart devices. But to make these devices work even better, we might need to spend money on new technology.

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14478

As the Internet of Things (IoT) market expands, the focus is shifting towards handling the data produced by IoT devices. This data helps us gather valuable information and allows for real-time monitoring to improve customer experiences. With faster delivery and minimal delays, plus the ability to track products in real-time, it’s expected that the IoT market will grow significantly in the near future

In the world of retail, cloud AI (Artificial Intelligence) is primarily used to make customers’ experiences better and to develop products that connect to the Internet of Things (IoT) and are customer-centric. There are now newer versions of established companies providing software that covers all aspects of the business. This has happened because the competition in the industrial IoT sector has become fierce, and the market has grown and evolved.

key takeaways from AI in IoT Market Report:

The United States market leads the AI in IoT market in terms of market share in North America. The United States region held a market share of 19.4% in 2023. The growth in this region is attributed to rapid industrial automation, IoT deployment, boosting innovation, and extended research and development facilities. The North American region held a market share of 29.4% in 2022.
Germany’s AI in IoT market is another successful market in the European region. The market holds a market share of 9.4% in 2023. The growth is attributed to government contracts, automotive transformation AI and IoT integration with manufacturing machinery. Though, the European region held a market share of 9.4% in 2022
The Indian AI in IoT market thrives at a CAGR of 6.8% during the forecast period. The market’s growth is attributed to innovative products and industrial automation.
Chinese AI in IoT market also thrives at a CAGR of 7.1% between 2023 and 2033. The growth is caused by the integration of robotics and AI in the manufacturing and defense spaces.
Based on components, the platform segment held the leading market share of 47.3% in 2022.
Based on technologies, ML and deep learning performs better than the rest as it holds a leading market share of 79.4% in 2022.

Competitive Landscape:

The key vendors focus on better deployment, affordability, customization, and cutting-edge technological advancements. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Developments:

Microsoft has introduced Defender for IoT to defend printers, smart TVs, and other IoT devices that apply artificial intelligence to monitor the performance as well as the threat.
Google-supported Indian organizations are handling climate change with the help of AI, ML, and IoT. Gujrat Mahila Housing Sewa Trust and Villgro Innovation Foundation. The AI-enabled systems help end users with enhanced prediction and possible threat management.

Seize the Moment: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/14478

AI in IoT Market Segmentation:

By Components:

Platform
Software Solutions
Services
- Professional Services
- Managed Services

By Technologies:

ML and Deep Learning
NLP

By Verticals:

Manufacturing
Energy and Utilities
Transportation and Mobility
BFSI
Government and Defense
Retail
Healthcare and Life Sciences
Telecom
Others(agriculture, education, telecom, and tourism and hospitality)

By Regions:

North America
Latin America
Europe
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.

Contact Us:

Nandini Singh Sawlani

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

Application Virtualization Market Witnesses Impressive 12.9% CAGR, Projected to Hit US$ 14,365.1 Million by 2033

The application virtualization market is expected to experience remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 12.9% from 2023 to 2033. This growth is anticipated to result in a market value of approximately US$ 14,365.1 million by 2033.

The primary drivers of the adoption of application virtualization are enhancing security and streamlining the administration of the whole application cycle. Moreover, an increasing need for solutions that shorten the time-consuming application installation procedure has popularized application virtualization nowadays.

Application virtualization has become essential nowadays for a range of companies to support remote offices and reduce the expenses for transforming business models. For example, a virtualization firm named Cameyo witnessed a two-fold increase in income since businesses began implementing work-from-home rules. So, the demand for application virtualization for private cloud models could be driven by the strengthening of data security laws with centralized storage infrastructure.

Request Sample Report: Empower Your Industry Understanding with Invaluable Insights
https://www.futuremarketinsights.com/reports/sample/rep-gb-14477

The global application virtualization market is primarily led by the North American region, owing to the strong presence of prominent IT companies in the area. Furthermore, the expansion of small and medium-sized enterprises (SMEs) in the United States and Canada has significantly contributed to the market’s rapid growth.

Key Takeaways from the Application Virtualization Market Report:

Owing to the presence of many leading market players, the North American region acquired 28.3% of the global market share in 2022. The United States contributes a significant portion of this regional market and its global market share in 2022 was 20.2%.
Europe region follows North America in the adoption of application virtualization technologies and held 23.4% of the global market share in 2022.
Germany is the frontrunner in the adoption of application virtualization services and its market contributed 9.6% of the revenue generated globally in 2022. Meanwhile, the demand for application virtualization technologies in the United Kingdom is growing at a faster rate and could register at 12.5% through 2033.
With a booming IT and industrial sector, the application virtualization tech companies based in Asia Pacific countries are getting robust. Japan led the application virtualization solutions and services market in the whole of Asia with a 7.1% global market share in 2022.
China’s market is poised to advance at a 14.2% annual growth rate through 2033 and Chinese are anticipated to emerge as the global competitors. Meanwhile, the Indian market is projected to closely follow China by exhibiting a growth rate of 13.6% during this period.
Based on the 2022 report, agent-based solutions currently constitute the leading component segment of the global market by contributing a 39.2% revenue share. However, among the different components, the service sector is predicted to contribute more to the market growth throughout the forecast years.

Leading Key Players:

Microsoft
Symantec Corporation
VMware
Citrix Systems
Red Hat
Oracle
Google
Dell
Micro Focus
Parallels International
Systancia
Accops
NComputing
Sangfor Technologies
NextAxiom Technology

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights Today:
https://www.futuremarketinsights.com/checkout/14477

Application Virtualization Market Segmentation:

By Component:

Application Virtualization Solutions
Agent-Based Solution
Agent Less Solution
Application Virtualization Services
Support and Maintenance Services
Training and Consulting Services

By Deployment Type:

Public Cloud
Private Cloud
Hybrid Cloud

By Organization Size:

Large Enterprises
Small and Medium Enterprises (SMEs)

By End-user Verticals:

Banking, Financial Services, and Insurance (BFSI) Sector
Healthcare Sector
Information Technology (IT) and Telecom Sector
Government and Defense Sector
Building & Construction Sector
Education Sector
Other End-user Verticals

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia Market
Oceania Market
The Middle East & Africa (ME&A) Market

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani

Next-Gen Firewall Market Forecasted to Expand at 9.1% CAGR, Envisioned to Reach US$ 8.5 Billion by 2033

The next-gen firewall market is projected to grow to approximately US$ 8.5 billion, with an annual growth rate of 9.1% from 2023 to 2033.

The rise in data hacking activities and cyber-attacks is encouraging enterprises to focus on the detection of better security solutions. Hence, demand for next-gen firewall systems for securing information deployed on the cloud and for strengthening the security structure of the company is increasing.

Moreover, large organizations are taking initiatives to implement next-gen firewalls for their business applications which are deployed on the cloud, and helping other small enterprises to understand the usage of next-gen firewall capabilities and internet security threats.

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14475

The physical NGFW appliance segment in the global next-gen firewall market is estimated to have a dominating market share of 66.7% in 2022. Regionally, North America is currently dominating the global market owing to the high adoption of network security solutions among enterprises.

The adoption of security solutions for the next generation helps to improve the company’s product and operational efficiencies. Next-generation endpoint security uses machine learning, artificial intelligence (AI), and tighter integration of networks to offer more comprehensive and adaptive protection.

The next-gen firewall demand in the USA is expected to account for nearly 78.6% of North America’s market share through 2033. In the USA, next-gen firewall providers are focusing on offering intrusion detection and prevention system for identifying and analyzing irregular deviation from cyber-attacks.

Key Takeaways from the Next-Gen Firewall Market Report:

Among the enterprise size, the SME segment is estimated to grow by 3.0X during the forecast period.
North American region is expected to dominate the next-gen firewall market followed by Europe in 2022.
South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
In India, the next-gen firewall market is expected to grow by 4.4x during the forecast period.

Competitive Landscape:

Next-gen firewall market players are focusing on various strategies such as investments in research and development to support future technologies. In addition, several companies are adopting inorganic growth strategies such as acquisition and entering into partnerships with other companies to develop their own next-gen firewall to reduce the churn rate.

In March 2022, Palo Alto Networks entered into a partnership with Amazon Web Services to natively integrate the next-gen firewall into a public cloud environment.
In January 2022, Check Point Software Technologies introduced the Quantum Light speed Firewalls for introducing the biggest network security revolution.

Leading Key Players:

Cisco
Checkpoint Software Technologies
Barracuda
Fortinet
Sophos
Juniper Networks
Palo Alto Networks
Cloudflare
Sonicwall
Hillstone Networks
Sangfor Technologies
Zscaler

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights Today:
https://www.futuremarketinsights.com/checkout/14475

Next-Gen Firewall Market Segmentation:

By Type:

Physical NGFW Appliance
Virtual NGFW Appliance

By Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Industry:

IT & Telecom
BFSI
Healthcare
Manufacturing
Retail
Government
Others

By Region:

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

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani

Gigabit Passive Optical Network Market: A Visionary Outlook Towards US$ 11,688.9 Million by 2033

The global gigabit passive optical network (GPON) market size is anticipated to surpass a valuation of US$ 6,821.7 million in 2023. It is anticipated to hit a valuation of US$ 11,688.9 million by 2033. The market is poised to record a modest CAGR of 5.5% from 2023 to 2033.

Manufacturers of GPON equipment are providing contemporary OLTs as a way to enhance network infrastructure. All of these elements are promoting OLT growth in the GPON market. The demand for fiber optic signal conversion to PON frequencies and frames has further fueled OLT market expansion.

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14439

The need for OLTs in the GPON market has increased as a result of the rise in data, voice, and video traffic streaming over international networks. Since OLTs can reduce network costs and simplify the infrastructure without sacrificing performance, they are anticipated to have a substantial influence on GPON industry growth.

The market expansion of the optical network terminal (OLT) has been influenced by the expanding necessity to manage the information flow across optical distribution networks in both directions. The global deployment of fiber-optic network access by OLTs has fueled growth in the GPONs industry.

“Gigabit Passive Optical Network (GPON) Market is experiencing robust growth, driven by the escalating demand for high-speed internet services and the adoption of fiber-to-the-home (FTTH) technology worldwide,” says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Key Takeaways from the Gigabit Passive Optical Network Market

In 2018, the global GPON market size stood at US$ 5,732.6 million.
The market size recorded US$ 6,565.6 million in 2022.
The market developed at a CAGR of 3.4% from 2018 to 2022.
In 2022, the optical line terminal segment by component accounted for 56.6% of the share in the global market.
In 2022, the telecommunications segment by vertical garnered 20.4% market share.
In 2022, the United States accounted for 16.7% of the share in the global market.
In 2022, the United Kingdom market captured a 4.3% share of the global market.
In 2022, China held a 3.7% share of the global GPON market.
In 2022, Japan held 5.8% market shares globally.

Recent Developments in Gigabit Passive Optical Network (GPON) Market:

To offer consumers and companies throughout the world high-speed symmetrical 10G services, Calix, Inc. has announced that over 225 broadband service providers (BSPs) are actively establishing Calix XGS-PON networks. With the Intelligent Access EDGE based on the AXOS® Network Innovation Platform, BSPs can now streamline the management of their networks and speed up the deployment of fiber. With Calix Operations Cloud, BSPs may automate operations and anticipate maintenance needs in addition to real-time network health monitoring and machine learning.
AirFiber Networks’ fiber extension was powered by Nokia’s GPON technology in May 2021. This business upgraded its network and introduced high-speed data services with the aid of a broadband solution to better serve its clients. Within a year, AirFiber Network expects to be able to provide broadband services to 100,000 users in India by putting the solution into practice.
Global Connect purchased fiber-based single-dwelling unit (SDU) assets from Telenor Sweden and its wholesale business Open Universe in November 2021. A total of 14,000 houses on Telenor’s SDU fiber network and about 200,000 linked homes on Open Universe’s platform are expected to be acquired by Telenor Sweden as part of the deal. GlobalConnect wants to leverage the deal to bridge Sweden’s digital gap.

Leading Key Players:

Huawei
Cisco
ZTE
Nokia
Calix
FiberHome
DASAN Zhone
Allied Telesis
ADTRAN
Iskratel
Alphion
Unizyx
Others

Purchase Now and Seize this Opportunity for a Detailed Gigabit Passive Optical Network (GPON) Market Report
https://www.futuremarketinsights.com/checkout/14439

GPON Market Segmentation:

By Component:

Optical Line Terminal
Optical Network Terminal

By Technology:

2.5G Pon
XG-Pon
XGS-Pon
NG-PON2

By Application:

Fiber to the Home (FTTH)
Fiber to the Building (FTTB)
Fiber to the Curb (FTTC)
Fiber to the Node (FTTN)
Mobile Backhaul

By Vertical:

Transportation
Telecommunications
Healthcare
Energy & Utilities
Residential (MTU)
Commercial Industries

By Services:

Fixed Internet and Voice
Internet Protocol TV (IPTV)
Mobile Voice and Internet

By Region:

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

Author By:

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

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

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

Passive Optical Network Market Growth– The global passive optical network market size is likely to be valued at US$ 20,872.2 Million in 2022 and is expected to reach US$ 79,199 Million in 2032. The demand for passive optical networks (PON) is anticipated to grow at a CAGR of 14.3% during the forecast period.

Optical Networking Market Size– Global revenue from optical networking currently stands at around US$ 14 Billion. The global optical networking market is anticipated to progress at a high CAGR of 8.4% to reach a valuation of US$ 24.8 Billion by 2029.

Gigabit Interface Converter Market Analysis– The gigabit interface converter market size is estimated to develop a CAGR of 10.7% from 2023 to 2033. The market is projected to surpass US$ 949.3 million in 2023 and is expected to be valued at US$ 2,631.3 million by 2033.

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani

IoT in Manufacturing Market: Surging at a Phenomenal 14.7% CAGR, Projected to Reach US$ 948.6 Billion by 2033

The IoT in the manufacturing market is poised for significant growth, with a projected steady Compound Annual Growth Rate (CAGR) of 14.7% over the forecast period. In 2023, it is expected to generate revenues of around US$ 265.2 billion, and by 2033, this market is forecasted to surpass an impressive value of US$ 948.6 billion.

The ecosystem’s diversity of significant stakeholders has resulted in a competitive and diversified adoption of IoT in the manufacturing market. The Internet of Things enables industrial units to automate their operations, which results in cost savings, faster time to market, mass customization, and increased safety.

The IoT devices and next-generation manufacturing industry has experienced a tremendous increase in industrial automation in recent years. As a result, IoT gateway manufacturers are more concerned with generating high volume and quality products due to increased market rivalry and end-user demand.

Explore the Booming IoT in the Manufacturing Market with Our Sample Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14332

As a result, they’ve decided to concentrate on the factory’s essential areas, such as the IoT sensors for manufacturing, asset monitoring, and asset maintenance and support. As a result, manufacturers would be able to minimize direct human labor costs and expenses, boost productivity, improve a process or product consistency, and produce high-quality goods by using automation.

Control systems, such as computers or robots, are used in industrial automation processes to monitor and control machinery. In the manufacturing IoT sensors industry, a critical role is played by improving the process of industrial automation.

The global economy has been influenced by COVID-19. Energy, oil and gas, transportation and logistics, manufacturing, and aviation are among the financial and industrial sectors with a large economic influence. As a result, the world economy is expected to enter a recession due to the loss of billions of dollars.

Key Takeaways from the IoT in Manufacturing Market Report:

The increased demand for automated machinery and IoT devices for manufacturing will accelerate IoT adoption. In addition, demand for customization, simpler and easy-to-use machinery, and reliable data will drive the IoT in the future.
North America now has the largest market share with the growing number of start-ups and the widespread implementation of machine learning algorithms in both software and hardware equipment, which will contribute to the regional market’s growth.
The services category is a critical component of the IoT in manufacturing market, as it focuses on optimizing company processes and lowering needless expenditures and overheads for manufacturing firms.
Apart from North America, the Asia Pacific market will expand significantly in the future years. The increasing acceptance of sophisticated and automated concepts, as well as the following demand for them, would add to the market in the Asia Pacific.
Several factors have contributed to the market’s recent expansion, such as industrial market competition has been extensively studied. The research also indicates the current strong demand and application areas for the product.

Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-14332

What is the COVID-19 Impact on IoT in Manufacturing Market?

Due to COVID-19, multiple companies reduced their industrial IoT (IIoT) budgets; a drop in economic activity will negatively impact IoT in the manufacturing market. However, because of its importance, especially during pandemics or other disasters, IIoT or IoT in manufacturing market is likely to see significant expansion during the forecast period (2022-2032). According to a recent McKinsey survey, 93% of supply chain and industrial IoT professionals focus on smart and resilient IoT solutions.

Market Developments:

IBM and ClearBlade, a producer of industrial IoT platforms and edge computing tools, established a partnership in October 2020. To enable Edge IoT asset monitoring for near-real-time asset management.
Modular Capital, a private financial organization, invested US$ 200K in DesignX, an Industrial IoT company based in India. With edge solutions, the company wants to invest this money in transforming comprehensive IoT solutions. Whereas, focus on asset performance management.

Key Players:

Cisco
IBM
PTC
Microsoft
Siemens AG
GE
SAP
Huawei
ATOS
HCL
Intel
Oracle
Schneider Electric
Zebra Technologies
Software AG
Wind River
Samsara
Telit (United Kingdom)
ScienceSoft
Impinj
Bosch.IO
Litmus Automation

Seize the Moment: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/14332

IoT in Manufacturing Market Segmentation:

By Component:

Solution
Services

By Solution:

Network management
Data management
Device management
Application management
Smart surveillance

By Services:

Managed services
- Infrastructure management services
- Security management services
- Network management services
- Data management services
- Device management services
Professional services
- IoT consulting services
- IoT infrastructure services
- System designing and integration services
- Education and training services

By Organisation Size:

Small and Medium Enterprises
Large Enterprises

By Deployment Mode:

On-premises
Cloud

By Application:

Predictive maintenance
Business process optimization
Asset tracking and management
Logistics and supply chain management
Real-time workforce tracking and management
Automation control and management
Emergency and incident management and business communication

By Vertical:

Process manufacturing
Discrete manufacturing

By Regions Covered:

North America
Latin America
Europe
Japan
Asia Pacific Excluding Japan
The Middle East and Africa

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani

France Casino Tourism Market Surges with a Projected US$ 14.5 Billion Jackpot by 2032 | FMI

The France casino tourism market is estimated to reach US$ 9.17 Billion in 2022. As per the report, sales are forecast to increase at a robust 4.7% CAGR, with the market valuation reaching US$ 14.51 Billion by 2032.

Casinos are thought to have their cultural roots in France. In fact, France is home to some of Europe’s most illustrious, successful, and old-school casinos. These include the Casino Le Croisette in Cannes, the Casino Barrier d’Enghien-les-Bains with a view of the beautiful lake of Enghien, the Casino de Biarritz, and the Casino Barriere de Deauville, the coastal resort that is popular with the French aristocracy.

Without a question, French people enjoy playing casino games. There are currently 200 brick-and-mortar casinos spread out across France. The traditional, all-time favourite casino games, such Blackjack, Roulette, and Baccarat, are available in French casinos.

Paris is home to some of the most opulent and elite poker rooms in all of Europe, including the Aviation Club de France. Le Multicolore or Le Boule, two simple and engaging variations of roulette that are popular in French casinos, would undoubtedly be a lot of fun for casino enthusiasts to play.

Gain In-Depth Knowledge with a Report Sample Request:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15725

One of the main drivers of market expansion is the rise in the number of casinos as a result of deregulation. Furthermore, it is anticipated that consumers would pay attention to the quick breakthroughs in technology and new product developments. These variables are some of the most important ones that drive the global market for casino gaming equipment.

“France will drive the casino tourism market to greater heights because it is the world’s most popular gaming destination and offers a wide range of activities in addition to casinos.” Says an FMI analyst.

Key Takeaways:

Through 2032, American Roulette is expected to hold a significant market share in terms of Game type.
Age-wise, through 2032, demand will continue to increase in the 35 to 50-year-old range.
Nearly 13 million tourist visit U.S. for casinos every year.
Based on type of tourist, International tourists will continue to grow in the forecasted period.

Who is winning?

Leading players operating in the France Casino Tourism Market

Tripadvisor
Akshaya India Tours and Travels Ltd.
Kesari Tours Pvt Ltd.
Novomatic
Thomascook. in
Viator, Inc
TravelMyGlobe.com
Expedia, Inc.

Ready to Learn About Our Approach? Explore Our Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15725

The France Casino Tourism Market by Category

By Game Type:

3 Card Poker
American Roulette
Blackjack
Casino Stud Poker
Dice
Punto Banco
Others

By Casino Type:

Commercial
Tribal
Limited Stakes
I-gaming

By End Users (% of Demand):

Gambling Enthusiasts
Social Exuberant
Dabblers
Lottery Loyalists
Unengaged Audience

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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
LinkedIn| Twitter| Blogs | YouTube

China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism to Europe Market Skyrockets, Attaining US$ 173.71 Billion with 6% CAGR by 2032 | FMI

As per newly released data by Future Market Insights (FMI), the China outbound meetings, incentives, conferences, exhibitions (MICE) tourism to Europe market is estimated at US$ 97 Billion in 2022 and is projected to reach US$ 173.71 Billion by 2032, at a CAGR of 6.0 % from 2022 to 2032.

MICE, in the context of travel, stands for meetings, incentives, conferences, and exhibits. The travel industry’s MICE sector, which is focused on planning, scheduling, and setting up conferences, seminars, and other events for business purposes, is where the most money is made. Numerous parties are involved in the planning and execution of an event, including participants, sponsors, planners, convention and visitor bureaus, meeting places, housing, and suppliers. The sector provides straightforward, doable event planning advice and helps in picking the perfect venue, both of which are crucial elements of a successful event. The group travel market for the tourism industry has grown exponentially as a result of fast globalization, the expansion of the service industry, and the rise in group travel.

The MICE industry is quite complicated, and a large range of suppliers offer a number of interconnected services. The MICE client has high standards for excellent services and tailored client care. MICE vendors need to be prepared, knowledgeable, and competent to work with the European market. Local tour operators have a lot of potential to create marketable goods as a result of the rise in demand for bleisure experiences, which is defined as leisure combined with business.

Gain In-Depth Knowledge with a Report Sample Request:
https://www.futuremarketinsights.com/reports/sample/rep-cn-2986

Key Takeaways from the China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism to US Market Study:

Ratio of target market in the China Business is 19%-23%
The Covid-19 pandemic had a 120% impact on the value of the Europe MICE tourism sector.
Business Field and Exhibitions are the most popular Application types in the China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism to Europe Market
Online booking channels lead the charts in China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism to Europe Market booking channel segmentation.
“Hotel and resorts in Europe are managing business meetings and exhibitions, raising the MICE Tourism and attracting customers from China.” – FMI Analyst said.

Ready to Learn About Our Approach? Explore Our Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-cn-2986

Who is winning?

Meetings, incentives, conferences, and exhibits are known as MICE in the tourism industry. The industry’s greatest source of income is the sector, which refers to a specialised segment of group tourism focused on organising, planning, and hosting conferences, seminars, and other events.

The key players in the China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism to Europe Market:

CTM
Egencia United Kingdom
Fello and others

The China Outbound Meetings, Incentives, Conferences, Exhibitions (MICE) Tourism to Europe Market by Category:

By Application Type:

Business Field
Academic field
Political Field
Exhibitions, others

By Event Channel:

Meetings
Incentives
Conferences
Exhibitions

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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

Tea Packaging Market Demand: Industry Anticipated US$ 10.5 Billion by 2033

The global tea packaging market is on track to achieve a robust CAGR of 4.6% throughout the forecast period. It is projected to surpass the US$ 6.69 billion mark in 2023 and is poised to cross the US$ 10.5 billion threshold by 2033.

Against the backdrop of a global tea renaissance, the Tea Packaging Market takes center stage, addressing not only the functional aspects of protection and convenience but also aligning with the growing demand for eco-friendly and visually appealing solutions. From quaint artisanal tea shops to bustling supermarket shelves, the packaging becomes a silent ambassador, enticing tea enthusiasts with its visual allure and promising freshness within.

The surge in customer demand for convenient packaging solutions is a major catalyst for growth in the broader food and beverage packaging industry. Within this context, the tea packaging sector stands out as one of the most competitive and demanding markets, characterized by high expectations in both product quality and packaging innovation.

Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4007

Market Drivers

Increasing Tea Consumption: The rising global tea consumption, driven by growing health consciousness and an expanding variety of tea flavors and types, fuels the demand for innovative and appealing packaging solutions.
Convenience: Consumers seek convenient and user-friendly packaging, such as tea bags, sachets, and single-serving options, which cater to their busy lifestyles.
Product Diversification: The introduction of new tea blends, herbal infusions, and specialty teas has led to a need for unique and eye-catching packaging, driving innovation in tea packaging.
Health and Wellness Trends: The perception of tea as a healthful beverage choice has led to the development of packaging that preserves the health benefits of tea, such as UV-resistant packaging to protect tea from light exposure.
Environmental Concerns: There is a growing demand for eco-friendly and sustainable tea packaging, leading to the use of biodegradable materials and reduced packaging waste.

Market opportunities

The tea packaging market experiences its momentum due to a confluence of factors, including the well-documented health advantages associated with tea consumption and growing consumer consciousness regarding the downsides of carbonated beverages. Furthermore, the surging popularity of cafe culture and an upswing in disposable incomes play a pivotal role in propelling the market forward.

This dynamic growth is further fueled by changing consumer preferences and the proactive approach of tea packaging industry players who are introducing health-enhancing ingredients and innovative tea blends.

However, it’s important to note that this thriving market is not without its share of challenges. Escalating raw material costs, unpredictable weather patterns impacting tea cultivation, and the increasing expenses related to agricultural inputs present hurdles to sustained market expansion.

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-4007

Key Players

Fpc Flexible Packaging Corporation
Cascades Inc.
Hankuk Package Co Ltd.
Aero-pack Industries Inc.
Detmold Group
Oji Fibre Solutions Food Service Packaging
Bericap Sarl, Can-Pack SA
Hood Packaging Corporation
Hanil Can Co Ltd
Amcor Plc
DS Smith PLC
ProAmpac LLC
WestRock Company

Recent Developments:

Amcor Plc is working to improve its manufacturing processes in order to reduce its carbon footprint and develop environmentally friendly tea packaging.
WestRock Company intends to expand its paper-based product line in order to replace plastic packaging in e-commerce with a recyclable solution made from socially sourced renewable materials.

Segmentation Analysis:

By Material Type:

Tea Bags
Pouches
Tea Pots

By Packaging Type:

Flexible Tea Packaging
Rigid Tea Packaging

By Region:

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

About Future Market Insights (FMI)

Nandini Singh Sawlani

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

Challenges and Opportunities: Glass Additives Industry Navigates Consumer Shift to Plastic Packaging and Raw Material Shortages

Glass is one of the most common containing material used in various industries, and advancements in the use of glass have provided considerable impetus on the importance of glass additives. The transparency of basic glass materials has led to the need for colouring them for the purpose of classification, which has influenced the demand for various glass additives. The rising need for coloured opaque glass that is thick, durable and has higher reactive stability will endure the demand for quality glass additive materials. The use of metal additives to improve the conductivity of glass vessels has also resulted a surge in demand for glass additives from healthcare, pharmaceuticals and chemicals industries. Moreover, technological developments such as using inorganic compound called lanthanum oxide as an additive that boosts strength and enhances refractive index of glass materials have incited the demand in the global market for glass additives.

In the long-run, from 2022-2032, the glass additives market is expected to flourish at a 4.2% CAGR, reaching US$ 2.1 Billion.

Global Glass Additives Market: Drivers & Restraints

Glass materials are extensively used in the food & beverages sector, and have been the most-preferred packaging material for soft drinks and edible semi-fluids. In pharmaceuticals industry as well, glass is perceived to be one of the most reliable type of packaging material. The demand for enhanced additive substances is expected to surge, owing to the need for upgrading the strength and the sustainability of glass against reactive substances.

Get an overview of market drivers and challenges affecting this industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-374

Glass Additives: Market Stratification

The global market for glass additives can be generally classified into the type of glass additives, which include metal alloys, nanoparticles, polymers and rare earth metals. Based on the application of glass additives, the market is primarily differentiated into silicate glass manufacturing, 3D printing, aerodynamic levitation, glass transition, and customisation of tableware, lamps and eye glasses, among others. Also, the market can be classified based upon the basic chemical elements used as glass additives, which include iron, manganese, sulphur, nickel, titanium, chromium, uranium and other rare earth metals.

Global Glass Additives Market: Regional Outlook

Among the key geographical regions in the world, the global market for glass additives is anticipating higher growth in the Asia Pacific region. The high manufacturing capacity of glass makes the APAC region lucrative for the growth of the glass additives market. North America is also expected to be a key leading region, owing to the consumption levels of glass in healthcare and pharmaceuticals sector. The electronics and automobile industry is Europe is also projected to boost the demand for glass additives that provide thermal and electrical insulation.

Leading Companies in Global Glass Additives Market

The use of additives has helped glass manufacturers to put forth tough competition in the production businesses. Reduction of costs and energy efficiency derived from the use of glass additives will continue to encourage the expansion of the leading companies in the global glass additives market. BASF SE, DuPont, Torrecid Group, Bayer Material Science, Nanobase among others, are observed as the key players dominating the global market for glass additives.

Buy Now Report Here! https://www.futuremarketinsights.com/checkout/374

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

Key Segments Profiled in the Glass Additives Industry Survey

Product:

Metal Oxide
Nanoparticles
Polymers
Rare Earth Metals

Application:

Silicate Glass Manufacturing
3D Printing
Aerodynamic Levitation
Glass Transition
Customization of Tableware
Lamps & Eyeglasses

Chemical Elements:

Iron
Manganese
Sulphur
Nickel
Titanium
Chromium
Uranium
Others

Region:

North America
Latin America
Europe
APEJ
Japan
Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 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

Benzoates Market Global Demand Projected to Reach US$ 8.8 Billion by 2032, Fueled by Rising Food Safety Standards and Urbanization Trends in Developed Regions

The global benzoates market is anticipated to showcase a flourishing CAGR of 5.2% across the forecast period from 2022 to 2032. The global market was valued at US$ 5.3 Billion in 2022 to surpass a valuation of US$ 8.8 Billion by 2032. In the foreseeable future, various developed regions including North America, Europe, Central America, and South America are likely to hold a significant share of the worldwide benzoates market over the assessment period.

Benzoic acid is known as a white crystalline solid that is known as a simple aromatic carboxylic acid. The source it is extracted from is gum benzoic which is the single medium of extraction. The word “benzoic” is derived from its source gum benzoic. This acid is a naturally occurring chemical found in plants that act as an intermediary in the production of a variety of secondary metabolites.

Benzoic acid is a critical precursor within the commercial synthesis of a massive range of organic compounds. Within the food business, benzoic acid salts are utilized as vital food preservatives. Benzoates are the esters and salts of benzoic acid.

Request a Report Sample to Gain Comprehensive Insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-350

Key Takeaways

The surging demand from the food sector is known as a primary driver of the benzoate business. Other industries, including pharmaceutical and cosmetics, are likely to raise the global demand for benzoates.
The prominent growth drivers of the global benzoates market comprise food safety, the extended shelf life of food, rising living standards, particularly in emerging nations, and continued urbanization across the globe.
According to FDA and World Health Organization, certain health risks are caused by Benzoates which are likely to be seen as a restraining factor and hamper the growth of the global benzoates market. Ascorbic acid, when combined with sodium benzoate, produces benzene, which is a recognized carcinogen. This carcinogen is anticipated to endanger human health.

Competitive Landscape

Some of the key participants present in the global Benzoates market are attributed to the presence of a such high number of participants due to which the market is highly competitive.

Key Companies Profiled

Some of the key participants present in the global Benzoates market include Poulvet, RM Chemicals, The Good Scents Company, Taj Pharmaceuticals, Sakshi Dyes and Pharmaceuticals among others.

More Insights into the Benzoates Market

The Asia Pacific region is anticipated to dominate the global benzoates market over the assessment period. Being one of the largest markets for benzoates, the Asia Pacific region is expected to maintain its dominance over the upcoming decade. The growth of the region is attributed to the rapid urbanization in developing countries such as India and China among others.

Augmenting demand for electronics and other automobiles has an indirect impact on the acidic circumstances throughout the forecast period. In addition to that, acidic circumstances have been reported to be fungi static and bacteriostatic.

Buy Now Report Here! https://www.futuremarketinsights.com/checkout/350

Benzoates acid is commonly used in foods that are naturally acidic including salad dressings, fruit juices, jams, and carbonated beverages.

Sodium benzoate is also employed as an efficient preservative within the entire food and beverage industry. Moreover, it is excessively used for items such as barley water, tomato, and other sauces, crushes, fruit jellies, coffee extracts, and squashes.

Sodium benzoate is commonly utilized in cosmetics and other pharmaceuticals as an efficient preservative. It is employed in pyrotechnics as a powdered fuel that emits a whistling sound. As a result, when the whistle mix cracker and rockets are fired, they generate loud sounds.

According to Future Market Insights analysis, Europe is expected to showcase positive growth throughout the evaluation period. The European region is anticipated to offer significant growth opportunities for Benzoates over the evaluation period.

Germany is expected to steer the bulk of all regional growth. Extensive applications in the food industry are keeping sales of Benzoates afloat across Germany.

Potassium benzoate and sodium benzoate are the two forms of benzoates. Potassium benzoate is used in food preservation. It inhibits the growth of yeast, molds, and certain bacteria and works well in goods with a pH of less than 4.5. Potassium benzoate occurs as benzoic acid in low-pH goods. Potassium benzoate is used to preserve acidic foods and beverages such as sparkling drinks, fruit juices, pickles, and soft drinks. It is used and approved in Europe. Potassium benzoate is designated by the letter E, E212, in these countries.

Key Segments Profiled in the Benzoates Industry Survey

Product:

Potassium Benzoate
Sodium Benzoate
Other

Application:

Food
Drink
Other Applications

Region:

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 5,000 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