Contact Tracing Application Market: Soaring Growth Projected, Anticipated to Reach US$ 199.5 Million by 2033 with a 3.4% CAGR

The contact tracing application market is expected to generate US$ 142.8 million in sales in 2023, according to Future Market Insights’ recently released research report. By 2033, the market may potentially exceed a worth of US$ 199.5 million. Market participants could estimate a CAGR of 3.4% over the forecast period.

Contact tracing technology is able to stop the spread of an infectious virus or disease by proactively identifying those who are more vulnerable than others due to potential exposure, warning them, and isolating them if required. It is a tried-and-tested strategy, and using smartphones could help to make it even more beneficial.

The World Health Organization (WHO) and other international public health organizations are progressively using multifaceted strategies to manage and contain the COVID-19 epidemic. As a result, businesses are increasingly adopting digital technologies, which are extremely important in a variety of industries, including healthcare and information dissemination. As a result, the market for contact tracing applications is expanding.

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The main driver influencing the growth of the contact tracing application market is the countries’ growing digitalization, particularly those in emerging nations. The market has been proliferating rapidly since 2020 as a result of the significant increase in the implementation of this technology to stop the COVID-19 pandemic.

The government’s intensified efforts to combat social isolation have further fueled market expansion. The increasing use of decentralized data gathering methods and manufacturers’ greater attention to GPS, Bluetooth, and ultrasonic technology improvements are likely to enhance demand for contact tracing applications.

Given the increasing demand for contact tracing applications and the recent COVID-19 pandemic, Europe dominates the global contact tracing application market. 20 nations have introduced smartphone applications to track and contain the COVID-19 pandemic, making Europe the region with the maximum demand for contact tracking tools.

Key Takeaways from the Contact Tracing Application Market Report:

  • The market in Europe is anticipated to rise, exhibiting a CAGR of 3.4% through 2033.
  • North America is expected to develop at a 2.7% CAGR during the forecast period.
  • With a CAGR of 4.4% over the forecast period, East Asia is predicted to develop rapidly in the market.
  • The market in South Asia & Pacific is expected to proliferate, registering a CAGR of 3.9% over the forecast period.

Competitive Landscape:

Key players in the contact tracing application market are Oracle Corporation, SAP SE, Siemens AG, ServiceNow, Apple Inc., Salesforce.com Inc., T-Systems, IBM Corporation, Microsoft Corporation, and others.

Manufacturers are actively developing and producing contact tracing applications to meet the growing demand for efficient and reliable contact tracing solutions. These applications employ advanced technologies, such as Bluetooth and GPS, to track and identify potential exposure to COVID-19. Additionally, manufacturers are collaborating with public health authorities to ensure seamless integration with existing contact tracing efforts.

Recent Development:

  • In April 2020, Apple and Google collaborated with regard to COVID-19 contact tracing technology. Both businesses have made APIs available, enabling the use of public health agency apps on Android and iOS devices. These authorised applications are available for download from the relevant app stores.
  • In April 2020, to monitor infections in Germany, SAP, and Deutsche Telecom developed a contact tracing tool. A municipal health department in southern Germany is reportedly adopting a cloud-based Web tool called Corona Warn App built by SAP to automate and expedite contact tracing if a COVID-19 case is confirmed.

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Contact Tracing Application Market Segmentation

By Connectivity:

  • Bluetooth
  • GPS
  • Both

By Operating System:

  • Android
  • iOS

By Regional Outlook:

  • North America (USA, Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, United Kingdom, France, Italy, Spain, BENELUX, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia & Pacific (India, Thailand, Malaysia, Indonesia, Oceania, Rest of South Asia & Pacific)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

About Future Market Insights (FMI):

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

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Data Virtualization Cloud Market: Soaring to Reach US$ 10,778.7 Million by 2033, with a Remarkable CAGR of 25.2%

The global data virtualization cloud market is expected to reach approximately US$ 1,139 million in net value in 2023. According to FMI’s market projections, the whole market will grow at a rate of 25.2% from 2023 to 2033. Following this remarkable CAGR, the market’s net worth is predicted to reach US$ 10,778.7 million in the next ten years.

The industry is likely to retain its profitable growth rate in the next few days, thanks to the rising use of IaaS for technology platforms. Multi-cloud deployment techniques are becoming more common as more organizations strive to strengthen their IT foundations to keep up with digital disruption.

Using a virtualized architecture, business intelligence, and analytics ecosystems become more robust and easier to manage. The cost savings from public data virtualization cloud solutions are substantial, especially when compared to the original CAPEX investments for traditional IT infrastructure. Serverless computing and service meshes are also predicted in a congested cloud-centric development environment. Because of their limited IT budgets, SMEs want cloud services and products that are highly cost-effective.

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The data virtualization cloud market has been studied in over 20 countries throughout North America, Europe, South Asia and Pacific, Latin America, East Asia, and MEA, according to FMI’s analysis. According to FMI’s poll results, 6 out of 10 businesses plan to rely on public data virtualization cloud solutions during the next decade. The favorable regulatory climate in Europe is supporting the region’s data virtualization cloud market.

Companies are expected to require robust cloud services that provide machine learning (ML) options as Artificial Intelligence (AI) becomes a company repertoire. However, as breakthrough AI techniques such as generative adversarial networks and deep reinforcement learning reduce the amount of training required, the tendency may shift.

Key Takeaways from the Data Virtualization Cloud Market Study Report 

  • The United States is the leading region in the development and provisioning of data virtualization cloud services. By contributing a market share of more than one quarter it is expected to remain very lucrative during the forecast years as well. 
  • Meanwhile, Asia Pacific economies are witnessing a robust growth rate owing to the rapidly expanding services market and sector. 
  • By the year 2033, the deployment of public data virtualization cloud solutions is expected to be valued at around US$ 5.6 billion. 
  • Accounting for about a third of the total market value, the BFSI industry is poised to remain a key end-user of data virtualization cloud solutions through 2033. 
  • Capturing slightly over 50% of overall market revenue, business intelligence or BI tools are expected to remain the primary data consumer, says FMI’s report. 
  • Procuring more than half of the total market stack, the standalone segment is expected to be a key component in virtualized data center architecture for the cloud. 

Leading Key Companies:

  • IBM Corporation
  • Denodo Technologies
  • Informatica Inc.
  • Oracle Corporation, SAP
  • Tibco Software
  • Microsoft Corporation
  • Datometry
  • VMware, Inc.

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Data Virtualization Cloud Industry Segmentation:

By Component:

  • Standalone Software
  • Data Integration Tools
  • Application Tool Solution
  • Other Components

By Data Consumer:

  • Business Intelligence Tools
  • Enterprise Applications
  • Mobile and Web Applications
  • Other Consumers

By Deployment Model:

  • Public Cloud
  • Hybrid Cloud
  • Private Cloud
  • Multi-Cloud

By End-use Industry:

  • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecom Industry
  • Retail and e-Commerce Industry
  • Government and Defense Industry
  • Healthcare Industry
  • Manufacturing Industry
  • Other Industries

By Regional Outlook:

  • North America (United States, Canada)
  • Latin America (Brazil, Mexico)
  • Europe (Germany, United Kingdom, Russia, France, Italy)
  • South Asia & Pacific (India, ASEAN, and Oceania)
  • East Asia (China, Japan, and South Korea)
  • Middle East & Africa (MEA) (Turkey, GCC Countries, and South Africa)

Author By:

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

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

About Future Market Insights (FMI):

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

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Japan Polypropylene Packaging Films Market Growth: Industry Set to Hit US$ 1,090.9 Million by 2033

Polypropylene packaging films are a type of flexible packaging material made from polypropylene, a thermoplastic polymer known for its durability, clarity, and versatility. These films are commonly used in various industries for packaging a wide range of products due to their excellent barrier properties, moisture resistance, and ability to withstand high temperatures.

Japan Polypropylene Packaging Films Market is anticipated to reach US$ 883.5 million by 2023. Through 2033, Japan’s overall sales of polypropylene packaging film will increase at a 2.1% CAGR. The Japan market will be worth more than US$ 1,090.9 million by the end of 2033.

Increasing awareness regarding the importance of environmental protection is creating demand for environmentally friendly products. Similarly, increasing plastic waste and regulations implemented by the government of Japan regarding single-use plastic are supporting the development of sustainable packaging products.

Polypropylene films have become ideal packaging solutions for protecting items from external actors. They improve the shelf life of products such as food items. Hence, the growing usage of polypropylene films for packaging food products will boost sales in Japan.

Rising applications of polypropylene packaging films in industries such as food & beverage and electronics are driving Japan market forward.

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Drivers:

  1. Rising Demand for Packaging: The growing demand for flexible and lightweight packaging solutions across industries such as food and beverage, pharmaceuticals, and consumer goods drives the adoption of polypropylene packaging films.
  2. Sustainability Initiatives: Polypropylene packaging films are preferred for their recyclability and sustainability. Environmental concerns and regulations that encourage sustainable packaging contribute to their increased use.
  3. Consumer Preferences: Changing consumer preferences for convenient and attractive packaging options support the demand for polypropylene films. These films can be designed to offer visual appeal and ease of use.
  4. Food Safety: Polypropylene films are suitable for food packaging due to their excellent barrier properties, ensuring food safety and extending the shelf life of products.
  5. Technological Advancements: Ongoing advancements in film manufacturing technologies result in improved performance characteristics, including enhanced barrier properties, sealing strength, and printability.
  6. Cost-Efficiency: Polypropylene films offer a cost-effective packaging solution, making them attractive to businesses seeking efficient and budget-friendly packaging options.

Key Takeaways from Japan Polypropylene Packaging Films Market

  • Polypropylene packaging film sales in Japan are likely to rise at 2.1% CAGR through 2033.
  • Japan polypropylene packaging market valuation will reach US$ 1,090.9 million by 2033.
  • By product type, BOPP film segment will hold around 70% share of the market while CPP film segment is set to expand by 1.3x its current value by the end of 2033.
  • By film format, the clear films segment is set to hold a market share of 25% by 2033 while the metalized films segment will expand at 2.8% during the forecast period.
  • Based on thickness, the above 80-micron segment will thrive at 2.9% CAGR through 2033.
  • By end use, the food & beverage segment will account for 44% of the total market by the end of 2033.

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Leading Players

Toray Industries, Inc., Cosmo Films Ltd., Polyplex Corporation Ltd., Futamura Chemical Co., Ltd, Toyobo Co., Ltd., Mitsui Chemicals Tohcello, Inc, Takigawa Corporation, Idemitsu Unitech Co., Ltd., Kisco Ltd., and Toppan, Inc. are few of the leading polypropylene packaging film manufacturers in Japan.

Japan Polypropylene Packaging Films Market by Category

By Product Type:

  • BOPP
  • CPP

By Film Format:

  • Clear Films
  • Coated Films
  • Matte Films
  • White Films
  • Metallized Films

By Thickness:

  • Up to 18 Microns
  • 18 to 50 Microns
  • 51 to 80 Microns
  • Above 80 Microns

By Application:

  • Bags and Pouches
  • Lamination
  • Tapes
  • Labels
  • Wraps

By End Use:

  • Food & Beverages
  • Personal Care & Cosmetics
  • Electrical & Electronics
  • Homecare
  • Pharmaceuticals & Medicals
  • Agriculture & Allied Industry

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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Ultrasonic Sensors Market: Striking 12.0% CAGR Predicted, Projected Revenues Exceed US$ 13,241.8 Million by 2030

The global ultrasonic sensors market is estimated to register a CAGR of 12.0% during the forecast period of 2022-2030. Ultrasonic Sensors Market size is expected to grow from US$ 5,138.4 Million in 2022 to US$ 13,241.8 Million by 2030.

Ultrasonic sensors are widely used in robotics as these sensors are not affected by moisture, dust, and dirt and are also used in a dark environment since the light does not affect the sensor’s detection ability. Furthermore, use of robotics for obstacle avoidance with real time communication is also projected to drive the market.

Ultrasonic sensors are used in robotics to avoid the obstacle in their way, so that they can move toward the target area. Moreover, ultrasonic sensors are utilized to detect the large obstacle and to obtain information between the robot and obstacle. They help robots for object detection, tracking an object, and detecting the position of object to avoid collision and ensure task is carried out without any hindrance.

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Key Takeaways: Ultrasonic Sensors Market

  • Automotive industry is estimated to register a CAGR of 15.5% in the ultrasonic sensors market demand anti-collision and distance measurement sensors soars
  • Liquid level measurement segment to dominate in 2020 with a market share of 38.5% followed by distance measurement and object detection
  • Through beam sensors segment is expected to witness a growth of 12% Y-o-Y  with feature such as powerful acoustic beam
  • South Asia & Pacific ultrasonic sensors market is estimated to register high CAGR as healthcare sector demand better imaging technologies

COVID-19 Impact Analysis on Ultrasonic Sensors Market

The COVID-19 pandemic has impacted businesses globally.  The severe lockdowns have disrupted the production of ultrasonic sensors as the raw material supply chain remains distraught.

While the situation continues to be serious with governments still imposing physical distancing norms for protection, supply chains are slowly normalizing.

However, the demand for ultrasonic sensors is going to take a while to pick up as its related industries have witnessed a slump. Besides being an important part of automation, it is also used in healthcare, a sector that will be the key revenue generator. Reduced to no sales of automobiles is projected to hit the market very hard in the coming days. On the other hand, a raised consciousness about smart homes and lighting solutions is expected to bode well for the market.

Increasing Adoption of Ultrasonic Sensors in Medical Applications

The demand for ultrasonic sensors for medical applications is increasing as these sensors are risk-free substitutes for radiography solutions and alternatives to piezoelectric sensors. Ultrasonic sensors are widely used in medical applications as these sensors can visualize the internal condition of the human body without any damage.

They are used for various medical inspections including diagnosis of internal body organs like kidneys, liver, and gallbladder, and for tracking the growth of a fetus and its health condition. As the ultrasonic sensors have the ability of real-time visualization, they are used for tissue biopsy sampling while locating the target organ.

Ultrasonic sensors are also used for close examination of eyes, cardiac diagnosis, and also for breast cancer check-ups to detect the presence of lumps under the breast. For detecting any physical abnormality of the uterus, uterus examination is done by using ultrasonic sensors. Moreover, ultrasonic sensors also help in detecting arteriosclerosis by checking the intimal thickness measurement, blood flow and endothelial function test.

The extensive usage of these sensors in the healthcare segment is projected to play an important part in offsetting the losses in the long term. The adoption of ultrasonic sensors in medical field is estimated to grow by 1.5X from 2019 to 2020.

Key Players 

  • Rockwell Automation
  • Siemens AG
  • Honeywell International
  • Balluff GmbH
  • Pepperl +Fuchs AG
  • Baumer Ltd
  • Murata Manufacturing Co, Ltd

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Ultrasonic Sensors Market Survey By Category

By Type:

  • Proximity Sensors
  • Retro-reflective Sensors
  • Through Beam Sensors
  • Others

By Application:

  • Object Detection
  • Distance Measurement
  • Liquid Level Measurement
  • Anti-collision Detection
  • Others

By Industry:

  • Automotive
  • Medical
  • Oil & Gas
  • Industrial
  • Food & Beverages
  • Others

Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Mobile Augmented Reality Market Continues to Surge: Anticipated CAGR of 22.1%, Expected to Reach US$ 31.5 Billion by 2033

The global mobile augmented reality market was worth US$ 4.2 billion in 2023. The desire for mobile augmented reality is expected to grow significantly, with an impressive annual growth rate of 22.1%. By the year 2033, it is anticipated that the market will be valued at US$ 31.5 billion.

The credit for the unstoppable pace of the mobile augmented reality (AR) market significantly goes to the creative industry. Inclusive of video games, live events, retail, and video entertainment, this side of the business has definitely challenged mobile-augmented technology, pushing it to deliver better solutions. Designed to create immersive experiences, mobile augmented reality has won a special place for game makers. The launch of sophisticated, intricately designed multiplayer games has truly utilized the real potential of solutions presented by this market.

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The explosive growth of mobile augmented reality is completely attributable to unprecedented use of smartphones and tablets. From remote places to urban landscapes, mobile AR has made an enormous contribution in changing the way experience museums, office spaces, and games. Since innovations such as Google Glass, the world of mobile AR has evolved to be a part of many other sectors, changing the game for military trainings, healthcare consultations, and learning experiences.

Key Takeaways of Mobile Augmented Reality Market Report:

  • East Asia to lead the race in the global mobile augmented reality market at a CAGR of 27.2% between the forecast years of 2020 and 2030
  • Gaming segment anticipated to retain its leading position with a share of 28% by the end of 2030
  • Smartphones and tablets to revolutionize educational experiences with integration of mobile AR
  • Services segment to leap ahead at a CAGR of 24.6% during the forecast period as AR design and development, integration and development, and support services find applications across verticals.

E-commerce to Enhance Demand for Mobile Augmented Reality

The growing e-commerce industry has been identified as key contributor to the increasing adoption of mobile augmented reality. Integration of mobile augmented reality by retailers to make it more accessible for customers to purchase the right item. Augmented reality helps users to view their products in 3-D, life-like projections in real-time through smartphones and tablets.

Mobile augmented reality offers retailers the opportunity to improve the consumer shopping with real-life experiences. With an augmented reality app, an e-commerce retailer can create a virtual table with a different range of products, projecting it on the customer’s living room. The growing number of purchases via mobile devices and shoppers using smartphones in-store is increasing the demand for mobile augmented reality. Such enhancement of consumer engagement is projected to bode well of the market in the forecast period.

Recent Developments in the Market:

  • In January 2021, Apple announced iOS 15, a major update with powerful features to enhance the iPhone experience.
  • In June 2021, Magic Leap established a collaboration with AMD, an American multinational semiconductor company, to advance computer vision and perception into the enterprise market.

Leading Key Players:

  • Apple Inc.
  • Google LLC
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co. Ltd.
  • Amazon.com, Inc.
  • Intel Corporation
  • Microsoft Corporation
  • Micro Focus
  • Magic Leap, Inc.
  • Wikitude GmbH
  • Scope AR.
  • Blippar
  • DAQRI

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Mobile Augmented Reality Industry Segmentation:

By Solution:

  • Mobile AR Software
    • Mobile AR Application Platforms
    • Mobile AR SDKs
  • Services
    • Integration & Deployment
    • AR Design & Development
    • Support Services

By Application:

  • Military
  • Education
  • Healthcare
  • Gaming
  • Media & Entertainment
  • Travel & Tourism
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • 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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Cloud ELN Service Market Forecasts Show a Surge to US$ 1,203.3 Million by 2033, Reflecting a 13.7% CAGR

The global cloud ELN service market size is anticipated to surpass US$ 332.3 million in 2023. It is anticipated to hit US$ 1,203.3 million by 2033. The global market is anticipated to develop at a striking CAGR of 13.7% from 2023 to 2033.

Data security, accessibility, and precision are all guaranteed by cloud ELN services. They enable data and workflow access from any location via an internet connection, enhancing cooperation inside the enterprise. Enterprises of all sizes benefit from cloud ELN services as they are affordable and efficient. The rising integration of advanced technologies is flourishing in growth for the market. Data security is utmost crucial for enterprises and cloud ELN services help businesses to steer through these cyber threats. Businesses can add additional resources to be more efficient and help in maximizing growth potential.

Pharmaceutical and life science industries are increasing cloud ELN service adoption. Digitalization of laboratory data is promoted by cloud ELN software, which has advantages. It helps in making data searches simpler, enabling effective data management, collaboration, data protection, and data centralization, among others. Additionally, it makes it possible for researchers and scientists to search for, access, and share the findings of their experiments. As a result, these characteristics assist to fuel the market for cloud-based ELN services.

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North America is anticipated to dominate the global market during the forecast period. The number of biotech businesses using cloud ELN services is rising. The existence of prominent cloud ELN service providers like PerkinElmer, Thermo Fisher Scientific, Agilent Technologies, Bruker Corporation, Benchling, and many others makes the United States one of the leading nations in healthcare technology. As a result, the existence of such important players increases demand for cloud ELN services in the United States.

Key Takeaways from Cloud ELN Service Market Report:

  • In 2018, the global cloud ELN service market size stood at US$ 190.7 million.
  • The market expanded at a CAGR of 11.6% from 2018 to 2022.
  • In 2022, the market size stood at US$ 296.4 million.
  • In 2022, the healthcare and life sciences segment captured a 27% market share.
  • The large enterprise segment captured 56.9% of market shares in 2022.
  • Europe Cloud ELN service market accounted for 25.4% of the global market shares in 2022.
  • Germany captured a 6.7% market share in 2022.
  • North America’s cloud ELN service market captured a 29.5% market share in 2022.
  • China’s cloud ELN service market held a 15.7% global market share in 2022.

Recent Developments Observed by FMI:

  • IBM unveiled its “IBM Security QRadar Suite” security suite in April 2023. The new launch shows the QRadar Brand’s considerable growth and development. The new suite is intended to streamline the incident lifecycle for security analysts.
  • ManageEngine, an enterprise IT management company, debuted the Managed Security Service Provider (MSSP) edition of their Log360Cloud in April 2023.
  • Oracle Cloud Infrastructure (OCI) introduced new services and capabilities in March 2023 to give customers additional flexibility. Some notable OCI users include Samsung Securities, Cox Automotive, GoTo, and Vodafone.

Key Players in Cloud ELN Service Market:

  • Dassault Systemes SA
  • PerkinElmer Inc.
  • Thermo Fisher Scientific
  • Agilent Technologies Inc.
  • Bruker Corporation
  • Benchling Inc.
  • Abbott Informatics Corp.
  • LabVantage Solutions Inc.
  • Lab-Ally
  • Kinematik US & Inc.
  • Codon Software Pvt. Ltd.
  • LabWare
  • Bio-ITech BV
  • Agaram Technologies Pvt. Ltd.
  • AgileBio (LabCollector)
  • BioData Inc. (Labguru)

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Cloud ELN Service Market Segmentation:

By Solution:

  • Software
    • Laboratory information Management Systems (LIMS) Platforms
    • Cloud Electronic Lab Notebook (ELN) Software
  • Services
    • Validation Services
    • Consulting Services
    • Implementation and Integration Services
    • Support and Maintenance
    • Training

By Deployment:

  • Public Cloud
  • Private Cloud

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Industry:

  • Healthcare and Life Sciences
  • Energy
  • Academic & Scientific Research
  • Food & Beverages
  • Petrochemicals
  • Mining and Metals
  • Others

By Region:

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

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Future Market Insights Inc.
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T: +1-845-579-5705
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Contactless Biometrics Technology Market Forecasts Remarkable Growth, Envisioning US$ 116,665.1 Million Valuation by 2033, Fueled by 17.8% CAGR

The contactless biometrics technology market is expected to have a total value of approximately US$ 22,608.0 million in the year 2023. Over the course of the next decade, it is anticipated that this market will grow significantly and reach a total worth of approximately US$ 116,665.1 million by the year 2033. This growth is estimated to occur at a CAGR of 17.8% from 2023 to 2033.

Contactless biometrics ensure unified customer service. They are simple and fast compared to traditional methods of verification including PINs or credentials, making them suited for swift transactions and hectic working environments. The COVID-19 outbreak has increased the public’s knowledge of hygiene and safety. As they negate the need for physical touch, contactless biometrics are attractive in uses including security control, transaction processing, and wellbeing.

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Beyond controlling access and transactions, contactless biometrics are discovering usage in medical services, automobiles, and retail, boosting their significance and demand. Many governing bodies and regulatory agencies recognize the importance of biometric systems for enhancing security. They are developing regulations and guidelines to encourage long-term utilization and growth in the industry.

In the United States, the expanding use of non-contact biometrics techniques in defense and federal operations is anticipated to push up consumption of the technology. Aware, HID Global, M2SYS Technology, IdentyTech Solutions, and several more are significant contactless biometrics technology solution suppliers available in the United States. As a result, the vast number of such businesses in the country ultimately stimulates demand for the contactless biometrics technology sector.

The contactless biometrics technology sector of China has seen amazing development and creativity in the past couple of years. China’s tremendous technological development, massive population, and expanding urbanization have produced an ideal environment for the widespread use of contactless biometrics. Banks and fintech firms in China are paving the way in incorporating contactless biometrics such as facial identification and fingerprint verification into payment systems and smartphone apps, offering payments seamless.

Key Takeaways from the Contactless Biometrics Technology Market Report:

  • The contactless biometrics technology market in the United Kingdom is anticipated to expand at 9.3% in 2023.
  • The contactless biometrics technology market in the United States is projected to attain a market value of 20.2% in 2023.
  • The market for contactless biometrics technology in Japan is predicted to contribute 1.9% revenue in 2023.
  • The contactless biometrics technology market in South Korea is anticipated to have a 2.3% market share in 2023.
  • The facial recognition segment is predicted to expand at a CAGR of 17% until 2033.

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Competitive Landscape:

The market is characterized by intense rivalry, with several leading rivals controlling a sizable market share. The primary focus is on innovative product development and collaboration among important parties.

Pangiam acquired Trueface, an innovator in facial recognition, machine vision, and AI, in June 2021. As a result of this transaction, Pangiam has granted usage of Trueface technology such as social isolation compliance surveillance and contactless temperature measurements.
Nedap, a security service management firm, joined Thales Group, a developer of biometric security systems, in July 2020. Through this collaboration, Nedap incorporated Thales Group’s facial identification system into its physical safety solution.

Major Key Players:

  • Fujitsu Limited
  • NEC Corporation
  • Gemalto (Thales)
  • Aware Inc.
  • HID Global
  • M2SYS Technology
  • IDEMIA
  • BioConnect
  • IdentyTech Solutions
  • Touchless Biometric Systems AG
  • Innovatrics
  • Cognitec Systems GmbH
  • Mantra Softech
  • DERMALOG Identification Systems GmbH
  • Vision-Box

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Contactless Biometrics Technology Market Segmentation:

By Technology:

  • Contactless Fingerprint Technology
  • Facial Recognition
  • Iris Recognition
  • Palm Vein Recognition
  • Voice Recognition
  • Contactless Cards

By Component:

  • Hardware
    • Contactless Fingerprint Scanners
    • Facial Recognition Scanners
    • Iris Recognition Scanners
    • Palm Vein Scanners
    • Others
  • Software
    • Integrated Biometrics Software
    • Standalone Software/Middleware
  • Services
    • Professional Services
    • Managed Services

By Application:

  • Identity Verification
  • Payments & Transactions
  • Access Control

By Industry:

  • BFSI
  • Government & Law Enforcement
  • Healthcare
  • Military & Defense
  • Retail
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The 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.

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Independent Lodgings Market on Track for Remarkable Growth, Estimated at US$ 222 Billion by 2032 | FMI

Independent Lodgings Market
Independent Lodgings Market

As per a recent market analysis by Future Market Insights (FMI), the independent lodgings market is poised to reach a valuation of US$ 206 Billion in 2022. Sales are projected to increase at a 11.0 % CAGR, with the market size reaching US$ 222.0 Billion by 2032.

In order to survive from covid-19, the hotel industry had to adopted several strategies during the epidemic. Consumers have changed their behaviour, and their expectations during their stay, making it more difficult to fulfil. Their health and safety is important to them much more so that the need to fulfil the safety standards and hygiene. Employers have had to prioritise health promotion to staff, ensuring they are immunized.

Countries around the globe worked together to implement strict social distancing measures in an effort to show the spread and prevent the overloading’s of hotels. This resulted in the Hotel industry making shifts in focus with regards to the cleaning, with focus on sanitizing and reduction in non-essential elements like decorative elements. For example; Indian hotels and restaurants association(AHAR) planned to vaccinate 20,000 free of cost.

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The hotel industry is dependent on tourism industry as a source of revenue, as ministries such as tourism, railways and civil aviation plays an important role in the tourism industry. The government has taken several initiatives to boost the hotel industry. In June of 2021, the Indian government proposed a scheme to provide 1-month free tourist visas to 5 lakh tourists until March 31, 2022. Many hope that this move can help revive the industry by luring visitors from around the world to India. This will benefit the hotel industry, thereby increasing off season reservations.

Safety and hygiene have imposed organizational and economic challenges on the hospitality industry, forcing them to devise innovative ways of using their assets to open collateral revenue streams. They have now turned their focus toward enticing more domestic tourists, while some hotels have also implemented technology and redesigns to attract more business. The flow of international tourists is low, but domestic demand seems to be high, possibly due to the current economic slowdown

Key Takeaways from the Film Tourism Market Study:

  • The North America and Europe regions hold a market share of ~28% and ~25% respectively.
  • The Covid-19 pandemic had a 0.45% impact on the value of the Independent Lodgings sector.
  • New Zealand, the USA, France, India, Japan, the UK, and Ireland are some of the most popular destinations for Independent Lodgings.
  • Amenitiz is an all-in-one solution centralizing all the tools an independent hotelier needs to run his hotel and boost direct bookings.
  • Online booking channels lead the charts in film tourism market booking channel segmentation.
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Key Players

  • Karaman Group Hotel
  • Grand Palace Hotel Hannover
  • Central-Hotel Kaiserhof
  • Palace Hotel Tokyo
  • Sandy Lane Hotel
  • Hotel Hassler Roma,

Who is winning?

By providing all-inclusive packages and sparing travellers from the trouble of navigating several channels for their excursions, the major players are able to keep their competitive advantage in the market. Government investments and initiatives are stimulating the market, and they have also assisted businesses in enhancing their service offerings

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Future Market Insights, in its new offering, provides an unbiased analysis of the global Independent Lodgings market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the Independent Lodgings market based on Hotel Type (Boutique, Luxury, Budget, Hostel, Design Hotel), By Booking Channel (Online Travel Agents, Traditional Agents, and Direct Booking), By Tourist Type (Domestic and International), By Tour Type (Independent Traveller, Package Traveler, and Tour Group), By Consumer Orientation (Men and Women), By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region – Forecast to 2017 – 2032.

The Independent Lodgings Sector by Category

By Type of Hotels:

  • Boutique
  • Luxury
  • Budget
  • Hostel
  • Design Hotel

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 

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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Rich Communication Services (RCS) Messaging Market Envisions US$ 8.5 Billion by 2032, Driven by 16% CAGR

The rich communication services (RCS) messaging market was estimated at US$ 1.4 Billion in 2021 and is anticipated to grow at a CAGR of 16% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 8.5 Billion.

Large corporations typically have the resources to operate multiple businesses, including distinct advertising and marketing divisions. Large corporations can easily incorporate emerging technologies into their marketing and advertising strategies as resources and funds are readily available to them.

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Rich communication services also aid large enterprise IT and telecommunications teams in their transition to rich content messaging communication methods. Traditional messaging methods in large enterprises or on-campus are incapable of meeting changing messaging and communication needs. As a result, the use of rich communication services in large enterprises is growing at a fast pace, providing a dynamic and flexible approach.

For instance, Pizza Hut Delivery collaborated with IMImobile Limited to test Rich Communication Services (RCS) Business messaging to share promotional offers with customers, motivated by the pervasiveness of smartphones and a desire to remain at the forefront of technological innovation.

RCS was used to send brand promotion messages to Pizza Hut Delivery customers, which included a company logo and a verification icon with a ‘blue tick.’ Customers who were interested in the deals could then order them through the website. Customers could find contact information for their local Pizza Hut location, as well as T&Cs and opt-out options, by clicking on the Pizza Hut logo.

Key Takeaways from the Rich Communication Services (RCS) Messaging Market Report:

● Global Rich Communication Services (RCS) Messaging Market is estimated to reach a market size of US$ 1.9 Billion by 2022.

● The A2P segment, is expected to account for the highest CAGR rate of 16.1% during the forecast period.

● The United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 2.3 Billion during 2022 – 2032.

● The market in the US is set to experience the highest CAGR of 15.7% during the forecast period.

Competitive Landscape:
The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Rich Communication Services (RCS) Messaging Market are focused on R&D to produce innovative technological solutions.

· In July 2021, Verizon and Google announced a partnership that will bring advanced messaging services to Android users in the U.S. via the Messages by Google app. The RCS-based service, which can be accessed directly through Google Messages, provides a more interactive and modern messaging experience.

· In December 2021, BICS Singapore, a wholly-owned subsidiary of the BICS Group, has agreed to purchase 3m Digital Networks Pvt Ltd, a Communications Platform as a Service (CPaaS) specialist, for an undisclosed sum. BICS’ portfolio will be expanded as a result of the acquisition to include AI-enabled voice, multi-channel messaging such as WhatsApp, verification services such as IP messaging and RCS, and advanced analytics services.

· In September 2021, Edgecore Networks and Ecrio, the leading provider of mobile carrier communications and messaging client software, announced the addition of Carrier Voice and Rich Communication Services (RCS) capability to the Edgecore family of Open WIFI-ready Access Points.

Leading Key Players:

  • Global Message Services
  • Infobip Ltd.
  • Interop Technologies
  • Mavenir
  • SK Telecom Co. Ltd.
  • Deutsche Telekom
  • Edgecore Networks
  • Google

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Future Market Insights, in its new offering, presents an unbiased analysis of the Rich Communication Services (RCS) Messaging Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Rich Communication Services (RCS) Messaging Market Communication Type (A2P, P2A, P2P), By Vertical (Retail, Media & Entertainment, BFSI, Healthcare, Travel & Tourism, Others), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Rich Communication Services (RCS) Messaging Market Segmentation:

By Communication Type:

  • A2P
  • P2A
  • P2P

By Vertical:

  • Retail
  • Media & Entertainment
  • BFSI
  • Healthcare
  • Travel & Tourism
  • Others

By Region:

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

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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Lake Vacations Market Set for US$ 245.0 Million and a 12% CAGR by 2032 | FMI

The lake vacations market is anticipated at US$ 205.05 Million in 2022 and is projected to reach US$ 245.0 Million by 2032, at a CAGR of 12% from 2022 to 2032.

Global nature fund (GNF), the Senate Administration for Justice in Berlin has registered GNF, a non-profit, private, autonomous international foundation for the preservation of the environment and nature. The development of Lake Tourism is supported by the tourism and leisure sectors. It promotes social development and job creation within the region. It keeps millions of jobs in the hotel industry alive.

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Key Takeaways:

  • The North America and Asia Pacific regions hold a market share of ~29% and ~26% respectively.
  • The Covid-19 pandemic had a 0.55% impact on the value of the Lake Vacation Market.
  • Online booking channels lead the charts in Lake tourism market booking channel segmentation.
  • S, Australia, UK, Italy are some of the most popular destinations for Lake Vacation Market.
  • Promoting domestic tourism and supporting safe returns of international tourism.
  • The U.S. is home to hundreds of remarkable lakes both big and small.
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Who is winning?

Hotels close to lakes also provide calming massages, yoga, tai chi, and meditation. Every year, thousands of tourists take advantage of the numerous amenities offered by lake hotels, which supports a booming global lake vacation sector and keeps hotels competitive by providing all-inclusive packages and sparing travellers the bother of navigating several channels for their trips. Investments and government initiatives are stimulating the market and assisting businesses in providing better services.

Key Players

  • TourTravelWorld.Com
  • Central Holidays
  • EnLive Trips
  • Hello Travel
  • Eastmytrip.com
  • Expedia, Inc.
  • Viha Vacations.com
  • Tripnetra

The Lake Vacations Market by Category

By Accommodation Type:

  • Hotels
  • Home
  • Apartments
  • Resorts/ Condominium, others

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 

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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