Global Continuous Miners Market Poised to Exceed US$ 4,416.6 Million by 2033, Predicting a 3.3% CAGR, Reports FMI

The global continuous miners market is experiencing notable growth, marked by a Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033. This trajectory is expected to culminate in a substantial valuation surpassing US$ 4,416.6 million by 2033, with a significant milestone forecasted around US$ 3,193.3 million by 2023.

The increasing demand for continuous miners is driven by the mining sector’s need for efficient and advanced machinery to meet the global rise in demand for essential natural resources such as coal and minerals. These indispensable machines extend their influence beyond mining, playing a pivotal role in various industries including manufacturing, construction, and energy. Their substantial contribution to powering and supporting diverse sectors underscores their paramount significance in the industrial landscape.

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Driving Forces Behind Continuous Miners Market Growth:

The expansion of mining operations on a global scale stands out as a prominent catalyst propelling the continuous miners market forward. Heightened energy demands in both developed and developing nations have spurred the call for coal mining, thereby driving the growth of the continuous miners market. As mining processes embrace innovative technologies, the demand for electric continuous miners is expected to rise, significantly contributing to market expansion.

Contributing Factors to Market Dynamics:

The surge in power generation projects holds significant sway over the continuous miners market’s trajectory. Furthermore, the utilization of continuous miners extends beyond coal mining to encompass rock salt and potash mining, given their advanced technology and efficiency. This diversification is poised to further propel market growth.

Challenges and Limitations:

While the continuous miners market experiences growth, challenges do arise. The substantial costs associated with preventive maintenance and the initial investment pose potential obstacles to market expansion throughout the forecast period.

Emerging Trends in Equipment Utilization:

The contemporary trend of adopting versatile equipment rental systems within the mining and construction sectors is expected to gain momentum. This trend is anticipated to amplify the continuous miners market as prominent equipment manufacturers provide these machines for rent. This approach is particularly appealing to medium and small-sized enterprises seeking flexible solutions for their operations.

Notable Observations from the Report:

  1. Rising Power Generation Needs to Drive Demand for Continuous Coal Miners in the U.S.
  2. India’s Focus on Sustainable Mining to Boost Underground Continuous Miner Sales.
  3. Global Trend Towards Electric-Powered Continuous Miners Gaining Momentum.
  4. Anticipated Surge in Demand for Continuous Miner Machines within the Coal Mining Sector.

Competitive Scenario:

The worldwide continuous miners market displays a dynamic and intensely competitive landscape, with numerous global contenders actively engaged in the sector. Leading the pack are major players including Sandvik AB, Caterpillar Inc., Komatsu Ltd, Eickhoff Corporation, Becker Mining Systems AG, and FLSmidth & Co. A/S, among others.

Manufacturers in this industry are directing their efforts toward introducing novel products and pursuing acquisition strategies.

For instance, in September 2021, Caterpillar unveiled advanced automation features for their mining trucks, aiming to enhance operator efficiency.

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Market Segmentation:

By Product Type:

  • Diesel Miner
  • Electric-powered Miner

By Cutting Height:

  • Below 3m
  • 3m to 4m
  • Above 4m

By Cutter Type:

  • Borer
  • Oscillating
  • Horizontal Drum

By Application:

  • Coal Mining
  • Rock Salt Mining
  • Potash mining
  • Others

By End User:

  • Mining Companies
  • Contractors
  • Equipment Rental Companies

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Licorice Candy Market Expected to Garner US$ 403.4 Million by 2033: Analyzing Emerging Trends

The global licorice candy market is estimated to reach a market worth of US$ 278.5 million by 2023, with a 5.2% CAGR by 2033. By 2033, the global market for licorice candy is expected to be worth US$ 403.4 million.

Licorice has long been a favourite among sweets connoisseurs of all ages. Its distinct and addictive flavour is a combination of sweet and salty with a dash of anise flavour. But where did the licorice candy craze begin?

Customer demand for licorice-flavored confectionery items is driving the growth of the Licorice Candy Market. Many people like licorice candy because of its distinct flavour and nostalgic appeal. Product developments, such as the introduction of new flavours and varieties, are also propelling market expansion and broadening customer appeal.

One possible explanation is that it is one of the market’s oldest candies. For ages, people in Europe and Asia have ingested licorice. Licorice root is a natural detoxifier that can also help with digestive problems.

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Another factor may be its versatility. Licorice can be flavored in many different ways, from sweet to savory, which means there is something for everyone. And finally, it has a long shelf life, making it ideal for stocking up on during times of scarcity.

To attract their younger clients, manufacturers are using premium offerings. Corporations experiment with ingredients, but they also place a lot of focus on packaging in an effort to position their goods as opulent.

Key Takeaways from Market Study

  • Future Market Insights (FMI) projects the global licorice candies market to surpass US$ 439 million by 2032.
  • The licorice candy market is having a value of US$ 232 million in 2022.
  • While traditional licorice lovers are likely to exhibit demand for red and black varieties, newer users desire innovations in flavors, size, and texture
  • Clean label licorice candies are likely to sweep the market. Citing this, FMI projects the licorice candy market to rise at 5.7% CAGR between 2020 and 2030.
  • Better acceptance to holistic benefits of licorice candies from the medical community and its prescription will give considerable impetus
  • FMI expects entry of established and large F&B companies in the market over the span for the next three years.

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Competitive Landscape

Some of the most popular licorice brands include Twizzlers, Red Vines, and Black licorice jelly beans from Jelly Belly. These brands offer a variety of flavors and textures, allowing consumers to find the perfect one for their taste buds. In addition to classic black licorice, some variations include cherry, grape, and blueberry flavors. Licorice candy is becoming more popular as a standalone snack or as an ingredient in recipes.

In 2018, Darrell Lea developed a mixed fruit variety, featuring bite-sized licorice candies of mango, strawberry, and apple flavors. There is also demand for bold flavors, contrary to the traditionally milder taste of licorice.

Evolving consumer taste for instance encouraged Hershey to introduce Twizzlers, which our sour mini twists in March 2018. The company also introduced sweet and sour filled bites and twists in citrus punch and cherry kick flavors.

A year prior to this, Darrell Lea launched sugar-free varieties of quintessential black and red licorice to help consumers reduce sugar intake. While the product launches may have hit a little slack due to the ongoing crisis caused by the COVID-19 outbreak, innovations are likely to remain a chief factor driving the market in the forthcoming years.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Licorice Candy market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on product type (Original Black Licorice, Fruit Flavored Candy, Apple, Anise, Grape, Cinnamon, Grape), Nature (organic and conventional), and Sales channels (Restaurants and Hotels, Schools and Institutions, Recreational, Sports Centers and Retail Sales Channels) across seven major regions of the world.

Author

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

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

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Ice Cream Processing Equipment Market Poised to Reach US$ 13.6 Billion by 2033, Driven by Steady 3.5% CAGR, Reports FMI

The ice cream processing equipment market is forecasted to surpass a valuation of US$ 13.6 billion by 2033, propelled by a consistent Compound Annual Growth Rate (CAGR) of 3.5%, according to insights provided by FMI. This projection underscores the enduring allure and sustained expansion opportunities within the sector, reflecting the evolving preferences of consumers.

The growing preference for homemade and artisanal products has stimulated increased demand for ice cream processing equipment, extending its utility beyond traditional ice cream production to encompass a diverse array of frozen treats such as yogurts and sorbets. This trend underscores the adaptability and versatility of these machines in meeting the evolving needs of the dynamic food industry landscape.

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Anticipating a swift rebound in ice cream market sales, manufacturers are turning to efficient solutions, with hygiene and customer satisfaction taking center stage. The industry faces a threat from various frozen goods, making the cleanliness of equipment crucial. Ice cream production equipment, designed with multiple components and minimal contamination risk, presents an ideal solution, driving its sales. Optimal profitability guides ice cream producers to choose the best and most practical equipment options, further accelerating the development and sales of these solutions.

Between 2018 and 2022, the ice cream processing equipment market experienced gradual growth at a CAGR of 2.7%. Rising ice cream consumption and increased disposable income worldwide are key drivers of this market expansion.

While the long-term sales prospects for ice cream processing equipment remain positive, the global COVID-19 pandemic had a detrimental impact due to widespread shutdowns and suspended production activities.

Notable Insights from FMI’s Study on the Ice Cream Processing Equipment Market:

  • The hard ice cream processing equipment segment is projected to take the lead in terms of product type.
  • Continuous freezers segment is expected to be the largest, displaying a 4.8% CAGR during the forecast period.
  • Molding equipment is poised for rapid growth among equipment types, followed by extrusion equipment.
  • India’s market is set for robust growth due to escalating demand for natural and organic flavored ice cream.
  • China emerges as a highly promising market in East Asia for ice cream processing equipment.
  • The U.S. is forecasted to maintain its dominance, achieving consistent growth at a CAGR of over 3.6%.
  • Italy and Germany, pivotal producers, will drive Europe’s ice cream processing equipment market expansion.

Vendor Landscape of the Ice Cream Processing Equipment Market:

The global ice cream processing equipment market is characterized by its high fragmentation, owing to the presence of numerous local and established players.

Leading participants in the market are focused on initiatives such as establishing new manufacturing facilities and introducing novel product offerings to secure a competitive advantage in the industry. Forming strategic partnerships with key enterprises and local players is also a strategy embraced by major manufacturers to uphold their market position.

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Key Players Profiled in the Report:

Future Market Insights has identified several key players in the market, including ROKK Processing Ltd, Tetra Pak Processing Equipment GmbH, Gram Equipment A/S, CARPIGIANI GROUP, Guangzhou Guangshen Electric Produce Co., Ltd, and Nanjing Puyuan Ice Cream Machinery Manufacturing Co., Ltd, among others.

Ice Cream Processing Equipment Market by Category:

By Equipment Type:

  • Mixing Equipment
  • Continuous Freezers
  • Filling Freezers
  • Homogenizers
  • Extrusion Equipment
  • Molding Equipment

By Product Type:

  • Soft Ice Cream Processing Equipment
  • Hard Ice Cream Processing Equipment

By Operation:

  • Automatic
  • Semi-Automatic

By Region:

  • Americas
  • Greater China
  • Europe & Central Asia
  • southeast Asia & Oceania
  • Middle East & Africa

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rapid Industrialization Propels Global Large Scale Bearings Market to Projected US$ 760.3 Million Value by 2033, with Strong 8.0% CAGR, States FMI Report

The global large scale bearings market is poised to achieve a significant Compound Annual Growth Rate (CAGR) of 8.0% between 2023 and 2033, culminating in a substantial value of US$ 760.3 million. This anticipated growth underscores profound shifts in industries worldwide, driven by the relentless march of technological advancement.

Fueling this upward trajectory is the remarkable surge in industrialization and automation, akin to a transformative tide sweeping across sectors. Companies are increasingly adopting automation and mechanization to enhance efficiency, productivity, and overall operational prowess. As the journey towards heightened industrialization unfolds, the demand for large bearings capable of enduring heavy loads and ensuring seamless rotation becomes increasingly indispensable.

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Key Takeaways:

The global market for large-scale bearings grew at 6.7% CAGR from 2018 to 2022, reaching US$ 353.5 million in terms of value in 2023.

  • The United States large scale bearing industry is expected to reach a valuation of US$ 685.3 million by 2033.
  • The United Kingdom’s large scale bearing industry is expected to cross a value of US$ 11.9 million by 2033.
  • China’s large scale bearing industry is anticipated to top a valuation of US$ 144.7 million in 2033.
  • With a CAGR of 8.6% estimated from 2023 to 2033, the gearbox bearing segment is anticipated to rule the global large scale bearing market by application.

“Ongoing construction of infrastructure projects, including power plants, bridges, and dams has increased demand for large scale bearings. These projects require strong, dependable bearings to support the operation of diverse components, assuring lifetime and trouble-free operation,” – says an analyst at Future Market Insights (FMI).

How Does Competition Look in the Large Scale Bearing Market?

The large scale bearing industry is highly consolidated with a significant number of players vying for high shares. Several significant participants in this industry comprise SKF Group, ThyssenKrupp GmbH, Schaeffler Group, Timken Company, and NTN Corporation among others.

The large scale bearing industry is characterized by intense competition among leading players, who are investing heavily in research & development to develop innovative and cost-effective products. These companies are also expanding their product offerings and strengthening their distribution channels to meet the changing demands of customers.

Collaborations and partnerships with other firms are becoming increasingly common in the market, allowing participants to leverage each other’s capabilities and expand their reach. Mergers and acquisitions are being used by key players to enhance their position and gain access to new markets, particularly in rapidly growing economies such as India and China.

For instance,

  • NSK expanded their line of electrical erosion immune bearings in March 2023 for axles. These bearings have insulating polymer coatings and conductive brushes. These will strengthen NSK’s flexibility to respond to different client needs regarding electrical erosion and help to increase EV dependability and range.
  • Minebea Mitsumi announced Honda Lock Mfg. Co., Ltd.’s full acquisition of all of its shares in January 2023. The company and Honda Motor Co., Ltd. had a share transfer agreement in existence prior to August 2022 for the purchase of Honda Lock Mfg. Co., Ltd. shares.

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Market Outlook by Categorization:

By Product Type:

  • Plain Bearing
    • Deep Groove
    • Four Point Contact
  • Roller Bearing
    • Cylindrical
    • Tapered
    • Spherical
  • Slew Bearings
  • Electrically Insulated Bearings

By Diameter:

  • 500 to 1000mm
  • 1000 to 1500mm
  • 1500 to 2000mm
  • 2000 to 2600mm

By Application:

  • Main Bearings
  • Pitch Bearings
  • Generator Bearings
  • Gearbox Bearings
  • Flange Bearing
  • Yaw Bearings

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltic Countries
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa

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Author:

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

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

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

About Future Market Insights, Inc.

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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Accounting Software Market Soars: FMI Data Reveals USD 14.1 Billion Projection by 2032

According to a recent report by Future Market Insights (FMI), the accounting software market is projected to reach a size of US$ 14.1 billion at a CAGR of around 5.8% through 2032. It is projected that the market would reach US$ 8.0 billion by the end of 2022.

The software category is composed of the commercial off-the-shelf, enterprise accounting, custom accounting, reconciliation, and tax management software divisions. The business accounting software market is projected to reach a valuation of US$ 5.2 billion by 2032, with an annual growth rate of 6.8%.

Many businesses are using enterprise accounting software because it allows the board to conduct corporate operations in a single system. ERP is a well-known subset of well-known software, and an ERP system is made up of several modules that each clearly address certain business goals.

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Several organizations have been implementing enterprise accounting software since they assist with carrying out resource management and coordinate all business activities in a single system. ERP is a prominent section of enterprise software, and an ERP system comprises different modules that address explicit business needs.

ERP system does not require a wide range of tools to handle the various needs of different departments, as it has an integrated solution multiple tasks can foresee in a single platform.

As enterprise business grows, the need of automating complex data and as the reporting strategies will increase and the monitoring of assets is very much required, and in these scenarios, enterprise accounting software is prominently useful. The accounting and fund management capacities and abilities intrinsic in ERP arrangements give real-time information to the departments which boost decision-making effectively.

Key Takeaways from the Accounting Software Market Study

  • Enterprise accounting software is expected to hold the largest share in the component segment and is expected to grow at a CAGR of 6.8% in forecast period.
  • The market in the U.S. is projected to account for a CAGR 7.0% from 2022 to 2032.
  • Software as a Service is expected to emerge as the fastest-growing segment with market value of US$ 9.2 Bn in 2032 and registering a CAGR of 6.8% from 2022 to 2032.

 “Global revenue through the offices of certified public accountants is expected to swell by US$ 1 Bn between 2022 and 2024; carrying enormous opportunity for accounting software market”opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

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Who is winning?

Leading players of Accounting Software Market are focused in implementing for tracking and recording the fund inflow and outflow. Previously, accounts were managed manually and recorded every transaction in a physical book called ledgers. Accounting software replaces these records and permits the organization to record their fund transactions with the software.

Major players present in the Accounting Software Market industry are Infor, Microsoft Corporation, MRI Software, LLC, Oracle, Sage, SAP SE, Workday, Zeta Global among others.

Get More Valuable Insights 

Future Market Insights, in its new offering, provides an unbiased analysis of the global Accounting Software Market, presenting historical demand data (2016-2021) and forecast statistics for the period from 2022 to 2032.

The study divulges compelling insights on the Accounting Software Market based on Deployment (Software as a Service, On-Premise, Hybrid) Software Type (Commercial of the Shelf, Enterprise Accounting Software, Custom Accounting Software, Reconciliation, Tax Management) Application (Payroll Management Systems, Billing & Invoice System, Enterprise Resource Planning Systems, Time & Expense Management Systems, Others(Recurring Billing Software, Small)) Enterprise Size (Large Enterprise, Small and Medium Enterprise) Industry (Banking Financial Services and Insurance, Telecom and Information and Technology, Manufacturing, Construction, Wholesale Distribution, Non-Profit Organization, Chemicals, Food and Beverage, Others) across five major regions.

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Global Accounting Software Market by Category

By Deployment:

  • Software as a Service (SaaS)
  • On-Premise
  • Hybrid

By Software Type:

  • Commercial of the Shelf
  • Enterprise Accounting Software (ERP)
  • Custom Accounting Software
  • Reconciliation
  • Tax Management

By Application:

  • Payroll Management Systems
  • Billing & Invoice System
  • Enterprise Resource Planning Systems
  • Time & Expense Management Systems
  • Others(Recurring Billing Software, Small)

By Enterprise Size:

  • Large Enterprise
  • Small and Medium Enterprise

By Industry:

  • Banking Financial Services and Insurance
  • Telecom and Information and Technology
  • Manufacturing
  • Construction
  • Wholesale Distribution
  • Non-Profit Organization
  • Chemicals
  • Food and Beverage
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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GaN-powered Charger Sales Driven by Growing Interest in Commercial RF and Wireless Charging Offerings: Future Market Insights Report

The GaN-powered chargers market is likely to display strong growth prospects through 2031 reaching a valuation of over US$ 4.9 Bn. Wide scope of applications in a range of consumer electronics products, electric vehicle power infrastructure and industrial applications are expected to generate key opportunities of growth in the upcoming decade. Power efficiency advantages over SiC counterparts will drive growth through the industry in the long-term, generating positive growth prospects in multi-industry settings in the near future.

“Growing demand for GaN charging devices for application in radio frequency equipment coupled with the adoption of the technology in the telecom sector has positively influenced the GaN-powered chargers market. This will create opportunities in the production of LiDAR, AC fast charger, and wireless power setups for growth in the near future,” says the FMI study.

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GaN-powered Chargers Market – Primary Takeaways

  • Smartphone applications will account for significant revenue share, driven by consumer preference for wireless and fast-charging setups.
  • 30W charger formats will display higher demand owing to applications in the massive consumer electronics sector.
  • China and India remain markets with high potential for growth owing to opportunities in the telecom and automotive sectors.
  • The United States will hold the lead in the GaN powered chargers market owing to strong demand in consumer electronics and industrial power setups.

GaN-powered Chargers Market – Growth Factors

  • Superior efficiency in high voltage transmission, and reduced energy loss is a key factor supporting adoption.
  • GaN technologies allow charger devices to be substantially smaller than conventional counterparts.
  • Reduced requirements of additional components including filters and heatsinks aid growth prospects.

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GaN-powered Chargers Market – Major Constraints

  • GaN chargers are limited by a relatively lower capacity of thermal conductivity, creating complexities for high-frequency switching applications.
  • Currently available formats of GaN chargers are depletion type devices which cause issues for zero gate source voltage settings, limiting scope of use.

Expected Impact on Market by Coronavirus Outbreak

The coronavirus pandemic has had an adverse effect on the global GaN-powered chargers market. Disruptions in the supplies of essentials raw materials and components and a slump in the sales of electronics and automobiles during the crisis period has hit short term demand.

However, with relaxation of lockdown regulations, the gradual recovery of the global economy and looser restrictions on trade are aiding in the recovery of the market, setting up the industry for strong long-term growth.

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Competition Landscape

Some of the leading manufacturers participating in the GaN-powered chargers market are Energizer, Xiaomi Corporation, AUKEY, Koninklijke Philips N.V., Anker, Belkin International Inc., RAVPower, GaN Systems Inc., and Baseus among others.

Leading market players have been observed to be largely involved in product development and launch strategies in a moderately competitive market. Efforts towards changes in power capacities and charging formats are expected to gain attention.

Qualcomm’s 65W Qcharger is the latest offering which offers support for charging formats in over 200 countries with a 2500w AC rating, capable of charging 4 devices simultaneously. Hyper has introduced a new stackable GaN charger with support for 1600W passthrough power compatible with USB-C and USB A formats. Further, Avenir telecom has announced the release of new Energizer brand GaN wall chargers for consumers in India between 20W and 90W ratings.

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More on the Report

FMI provides in-depth insights on the GaN-powered chargers market. The market is segmented in terms of power output (25W, 30W, 45W, 60W, 65W, 90W, 100W, and others), and application (smartphones and tablets, laptops & notebooks, autonomous robots, industrial equipment, wireless charging, and others), across six regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Revolutionizing Efficiency: DC Powered Servers Market Surges Amid Colocation and Software-Defined Data Center Adoption

The global DC powered servers market has witnessed remarkable growth in recent years as enterprises prioritize operational efficiency through energy-efficient data storage solutions. With the surge in colocation services and software-defined data centers, leading providers are introducing innovative solutions, expanding the market’s potential.

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Key Facts and Figures:

  • The DC powered servers market is set to thrive during the 2020-2030 assessment period.
  • ESOMAR certified Future Market Insights’ report covers growth patterns in 20+ countries.
  • The market’s expansion trajectory is influenced by key drivers and the impact of COVID-19 on its segments.
  • Adoption of 5G technology is a significant growth catalyst for the market.
  • Prominent IT service providers are investing in high-capacity platforms for efficient data assimilation.
  • Market opportunities are abundant in the information technology sector.

Extensive Data Center Management: A Key Challenge for DC Powered Servers Adoption

As demand for new on demand technology services increase, the costs associated with deploying the same continue to skyrocket. To effectively manage such aggrandizing costs, complicated deployments and uptime, data managers require access to information which may not be readily available.

Managing server information often requires data centers to maintain spreadsheets, which is a painstaking task. Furthermore, such information must be periodically updated. As a result, these centers exhaustively utilize DC powered servers of varying power consumption ranges.

These DC powered servers consume excessive amounts of electricity. Between 2000 and 2005, electricity consumption by servers represented almost a twofold increase, growing from 12 billion kWh to 23 billion kWh. By 2008, individual server power consumption averaged up to 250 watts. These trends are likely to hinder adoption of DC powered servers in the future.

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Key Segments

Type

  • DC-Powered Rackmount Servers
  • DC-Powered Tower Servers
  • DC-Powered Blade Servers

Power Rating

  • 12V DC Power
  • 24V DC Power
  • 48V DC Power

Application

  • Telecom
  • Data Centers
  • IT Enterprises
  • Government
  • Energy & Utilities
  • Others

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Australia & New Zealand and Rest of South Asia & Pacific)
  • Middle East & Africa (GCC, Turkey, Northern Africa, South Africa & Rest of MEA)

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Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Assisted Living Software Market to Surge at 10.5% CAGR, Projected to Reach US$ 830.1 Million by 2033

The Assisted Living Software Market is poised for robust growth, projected to achieve a steady Compound Annual Growth Rate (CAGR) of 10.5% during the period from 2023 to 2033. In 2023, the market is expected to be valued at US$ 304.9 million, with a substantial leap to a market share of US$ 830.1 million by 2033.

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Key Takeaways:

  • The Assisted Living Software Market is set to grow at a steady CAGR of 10.5% from 2023 to 2033, reaching a market share of US$ 830.1 million by 2033.
  • Rising adoption is driven by the need for real-time healthcare services and the software’s ability to streamline patient care services across diverse healthcare settings.
  • Integration of advanced analytics tools is creating new opportunities, offering structured insights and enhancing inventory management within healthcare facilities.
  • Regional competition is intensifying, with market players strategically catering to specific geographical demands.
  • Data security and privacy concerns, as well as economic factors, pose challenges to market growth.

Assisted Living Software Market: Drivers and Challenges

The increased demand for an enhanced quality of care is expected to drive the growth of assisted living software. This application was introduced with an intention of providing enhanced services, solutions and offerings to residents of assisted living. The integration of assisted living software with eMAR (electronic medical administration records) is expected to be the key driver for the global assisted living software market as it enhances the overall offerings of the software.

For instance, eMAR enables the software scheduling and tracking medications, the capturing of blood glucose readings, easy usage of charting screens, coordination with various treatments and financial analytics for medical administration. Furthermore, implementation of workflow automation in the software acts as a driving factor for assisted living software.

The primary factor hampering the growth of Assisted Living Software is data breaches associated with it as the software is available over cloud and on-premise both. Additionally, introduction and increasing adoption of open source assisted living software also restraints the overall growth of global assisted living software market.

Assisted Living Software Market: Key Players

Some of the key players of Assisted Living Software market are AMERICAN HEALTHTECH, Eldermark, Yardi Systems, Inc., AL Advantage LLC, VITALS SOFTWARE, MatrixCare, Medtelligent, Inc., ECP, RealPage, Inc. and iCareManager.

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Assisted Living Software Market: Regional Overview

By geography, Assisted Living Software market can be segmented across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, North America is expected to dominate the global Assisted Living Software Market during the forecast period, owing to the increasing demand for enhanced services and high quality care, by the elderly population.

North America is, furthermore, expected to hold its position in the forecast years. APEJ is expected to witness a significant growth in the forecast years because of the high presence of elderly population in the region.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Polymer Emulsion Market Projected to Reach US$ 43,147.5 Million by 2032, Forecast Reveals

Polymer Emulsion Market
Polymer Emulsion Market

The global polymer emulsion market is currently experiencing robust growth, with a market valuation reaching US$ 23,867.2 million in 2022. Projections suggest a steady expansion with a Compound Annual Growth Rate (CAGR) of 6.1% anticipated during the period from 2022 to 2032. By the end of this forecast period, the market is expected to achieve a substantial valuation of US$ 43,147.5 million, reflecting the industry’s positive trajectory and potential for significant market expansion.

Polymer emulsions have become integral in various industries, revolutionizing the way coatings, adhesives, and textiles are formulated. As a water-based solution of polymers, these emulsions offer eco-friendly alternatives to traditional solvent-based products, driving their adoption across diverse applications. The global polymer emulsion market is witnessing significant growth, propelled by increasing environmental awareness, stringent regulations, and the demand for sustainable solutions.

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Market Dynamics:

  1. Environmental Concerns and Regulatory Standards: Polymer emulsions align with the global shift towards environmentally friendly products. Regulatory bodies are imposing stricter standards on emissions and volatile organic compounds (VOCs), pushing industries to embrace water-based solutions. Polymer emulsions, being low in VOCs, provide a sustainable choice for manufacturers.
  2. Versatility in Applications: The versatility of polymer emulsions is a key factor driving market growth. These emulsions find applications in paints and coatings, adhesives, textiles, paper and packaging, and various other industries. Their ability to enhance product performance and reduce environmental impact makes them a preferred choice across multiple sectors.
  3. Technological Advancements: Ongoing research and development activities have led to the introduction of advanced polymer emulsions with improved properties. Innovations in polymerization techniques, surfactant technology, and crosslinking processes contribute to the development of high-performance emulsions, expanding their application scope.

Key Companies Profiled

  • Asahi Kasei
  • Financiera Maderera
  • Wacker Chemie
  • Trinseo
  • BASF
  • Celanese
  • Omnova Solutions
  • Arkema
  • DIC
  • BATF Industrial
  • Nuplex
  • DSM

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Market Segmentation

By Product Type:

  • Acrylic
  • Styrene Butadiene Latex
  • Vinyl Acetate Polymers
  • Polyurethane Dispersions
  • Others (hybrid epoxy, silicon etc.)

By Application:

  • Adhesive & Sealants
  • Paints & Coatings
  • Paper & Paperboard
  • Others

By End-Use Industry:

  • Building & Construction
  • Chemicals
  • Automotive
  • Textile & Coatings
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia Pacific
  • East Asia
  • 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 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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Spray Foam Insulation Market Expected to Reach US$ 3,560 Million by 2032, with 6.5% CAGR Growth

Spray Foam Insulation Market
Spray Foam Insulation Market

The spray foam insulation market is anticipated to experience robust growth with a projected Compound Annual Growth Rate (CAGR) of 6.5% from 2022 to 2032, ultimately reaching a valuation of US$ 3,560 million by 2032. This significant expansion can be attributed to the rising demand for energy-efficient and sustainable building solutions. As industries and consumers increasingly prioritize insulation for enhanced thermal efficiency, the spray foam insulation sector is poised for substantial growth, offering a promising outlook for the market in the coming decade.

Spray foam insulation has emerged as a game-changer in the construction industry, revolutionizing the way buildings are insulated for energy efficiency and sustainability. This versatile and innovative insulation material has seen a surge in demand, driven by the growing awareness of its benefits in terms of energy savings, environmental impact, and overall building performance.

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Future Trends:

1. Technological Advancements: Continuous research and development are likely to result in improved formulations, offering enhanced insulation properties and eco-friendliness.

2. Increased Market Consolidation: As the demand for spray foam insulation rises, the market is expected to witness increased consolidation, with mergers and acquisitions becoming a prevalent trend among key players.

3. Growing Awareness and Adoption: With increasing awareness of the benefits of spray foam insulation, the market is poised for significant growth as more consumers and industries recognize its value in achieving energy efficiency and sustainability goals.

Key Companies Profiled

  • BASF SE
  • Bayer AG
  • CertainTeed Corporation
  • Demilec
  • Icynene Inc.
  • Lapolla Industries Inc.
  • NCFI Polyurethanes
  • Premium Spray Products
  • Rhino Linings Corporation
  • The Dow Chemical Company
  • Henry Company

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Key Segments Profiled in Spray Foam Insulation Market

By Foam Type

  • Closed-cell
  • Open-cell

By Density

  • High
  • Medium
  • Low

By Application

  • Wall Insulation
  • Attic Insulation
  • Roof Insulation
  • Concrete Rehabilitation
  • Other Applications

By End-Use Industry

  • Packaging
  • Building & Construction
  • Automotive & Transportation
  • Electrical & Electronics
  • Consumer Goods
  • Medical
  • Others Industries

By Region

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