Chip-On-Flex Market Grows at 3.9% CAGR to Hit US$ 2631.5 Million

the chip-on-flex market is expected to reach US$ 1800.6 million in 2022 and is projected to increase at a CAGR of 3.9% to reach US$ 2631.5 million from 2022 to 2032. Flex circuits are used in a rising number of applications, which is what is driving growth. A CAGR of 2.6% was recorded for the market for biscuit mixtures between 2016 and 2021.

The chip on flex is most commonly used in RFID chips, which have a tiny surface area and need to be manufactured in huge quantities. Greater accuracy and flexibility are fundamentally needed as technology advances, and the chip-on-flex market is seeing an increase in demand because of its affordability. Single-sided chips on Flex had a bigger market share because of many advantages like less wiring.

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Global Chip-on-flex Market: Market Dynamics:
The rising investment in R&D to produce advanced flexible displays in the market is the major factor driving the growth of the market. Also, the advantages produced by chip-on-flex such as heat sinks, component assembly, penalization, shielding, over molding, and graphics overlay among others make them a critical component in various industries such as the electronic industry, aerospace, defense, and many others. 

Also, the rising demand for small and flexible electronics critical to various devices such as displays, sensors, lighting, biomedical implants, and radio frequency identification which require automated manufacture with highly accurate performance is anticipated to result in an exponential growth of the market. With the use of these chips, industries ensure increased accuracy with reduced cost and amplified product quality with testing repeatability. 

However, the increased cost of raw materials and changing consumer needs are some of the factors that can restrain the growth of the global Chip-on-flex market. 

Single-sided chips on flex accounted for a higher market share in 2016 owing to various advantages like reduced wiring errors, higher circuit density, stronger signal quality, and design flexibility. The other segment can also be expected to witness significant CAGR during the forecast period.

Market Competition
Some of the key participants present in the global chip-on-flex market include:

  • LGIT Corporation
  • Stemko Group
  • Flexceed
  • Chipbond Technology Corporation
  • CWE
  • Danbond Technology Co. Ltd.
  • AKM Industrial Company Ltd.
  • Compass Technology Company Limited
  • Compunetics
  • STARS Microelectronics Public Company Ltd.

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Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as LGIT Corporation, Stemko Group, Flexceed, and Chipbond Technology Corporation account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.

Chip-On-Flex Market Segmentation:

By Type:

  • Single-sided COD Chip-On-Flex
  • Other Chip-On-Flex Types

By Verticals:

  • Chip-On-Flex in Military
  • Chip-On-Flex in Medical
  • Chip-On-Flex in Aerospace
  • Chip-On-Flex in Electronics
  • Chip-On-Flex in Other Verticals

By Region:

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

About Future Market Insights (FMI):

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

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Optical Transport Network Market 9.9% CAGR Journey to US$ 51.4 Billion

With a projected CAGR of 9.9% from 2022 to 2032, the optical transport network market is expected to grow to a value of US$ 20 billion in 2022 and likely reach US$ 51.4 billion by that time. The functionality of transport and the survivability of optical channels are likely to increase demand for optical transport networks during the forecast period from 2022 to 2032.

An optical transport network is a collection of different elements that are collectively referred to as optical network elements. These elements are connected by optical fiber links, which facilitates multiplexing.

As they aid in carrying client signals, switching, signal management, and supervision, optical transport network adoption is increasing, which is expected to expand the optical transport network. The Optical Transport Network (OTN) market refers to the global market for optical network equipment and solutions that provide high-speed communication links for data, voice, and video traffic.

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OTN is a high-speed optical network technology that enables data transmission over optical fibers. It is used in telecommunications, data centers, and other industries that require high-speed, low-latency communication.

The OTN market can be segmented into several categories, including components, services, applications, and geography. The component segment includes optical switches, optical transport equipment, optical amplifiers, and others. The service segment includes network design and optimization, consulting and integration, and maintenance and support services.

Geographically, the OTN market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the market in 2020 and is expected to maintain its position during the forecast period, owing to the increasing investment in telecom infrastructure and the growing demand for high-speed broadband services.

Who are Some of the Key Competitors in the Optical Transport Network Equipment Market?
The major players operating in the optical transport network market include

  • ADVA Optical Networking
  • Aliathon Technology
  • Ciena Corporation
  • Fujitsu
  • Infinera Corporation
  • Huawei Technologies Co.
  • ZTE Corporation
  • ADTRAN
  • Ericsson
  • Cisco
  • Alcatel- Lucent
  • ECI Telecom Ltd.
  • Coriant.

All these key industry players are rising to boost the optical transport network market’s future trends by adopting innovative ideas and methodologies.

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Optical Transport Network Market Segmentation:

By Technology:

  • DWDM
  • WDM

By Component:

  • Optical Packet Platform
  • Optical Transport
  • Optical Switch

By Service:

  • Network Design
  • Network Optimization
  • Network Maintenance
  • Other Support Services

By End-user Application:

  • Communication Service Providers
  • Communication Network Operators
  • Enterprises and Organization
  • Government and Institution

By Region:

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

About Future Market Insights (FMI):

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

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Microwave Backhaul System Market Gears Up for 10.7% CAGR, US$ 4.1 Billion Objective

The microwave backhaul system market is assessed to ascend to US$ 1.5 Billion in 2022 and is probably going to arrive at US$ 4.1 Billion by 2032 with a CAGR of 10.7% during the conjecture time frame from 2022 to 2032.

Microwave backhaul systems are used for transferring digital data between two distributed points over a radio link. Microwave backhaul technologies are adopted by several mobile operators across the world to transfer huge data traffic over communication links. Moreover, microwave backhaul systems are growing rapidly as they are capable of delivering large capacity of data with minimized cost.

Microwave backhaul system solutions have numerous advantages such as improved spectrum usage and low maintenance cost. Additionally, they are adopted by several enterprises to improve their service level and efficiency, which is the most important aspect in certain applications such as border security and high-definition video surveillance systems.

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As technologies are emerging rapidly, the need for microwave systems has increased to transfer digital data at high speed. Microwave backhaul systems are easy to integrate and also have a reliable performance.

Microwave Backhaul System Market: Drivers and Challenges:
The major factor that is driving the growth of the microwave backhaul system market is the rising need to increase data transfer through the network. As technologies are rapidly growing in every sector, enterprises are focusing on the adoption of microwave backhaul system solutions and services to improve their operational capabilities in terms of speed and performance.

Moreover, this technology is adopted by most of the telecom providers for executing upcoming 5G technology. Another factor driving the growth of the Microwave backhaul systems market is the rising usage of microwave backhaul systems for the improvement of public safety applications such as video surveillance systems.

The major challenge faced by the microwave backhaul system market is effectively managing data traffic.

Microwave Backhaul System Market: Key Players
Some of the key players in the market of microwave backhaul systems are Alcatel Lucent, Cisco Systems, Ericsson, Huawei Technologies, Nokia, Trango Systems, Microsemi Corporation, Tessco Technologies Incorporated, Comsearch, Alpha Omega Wireless Inc., and Capacity Media. And Penton.

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Microwave Backhaul System Market: Regional Overview:
Based on geography, the Microwave backhaul system market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. Among various regions, the microwave backhaul system market in North America is expected to dominate during the forecast period owing to rising demand for microwave backhaul solutions because of the huge demand for managing critical infrastructure and assets. North America region is expected to be followed by Western Europe and APAC.

In Europe and Asia Pacific region, the market of microwave backhaul systems has significant growth owing to slow adoption and less awareness of technology by small and large-scale enterprises.

Microwave Backhaul System Market Segmentation:

By Component:

  • Hardware
  • Software
  • Services

By Type:

  • Sub 6GHz
  • 6GHz-18GHz
  • 19GHz-38GHz

By End User:

  • Internet Service Providers
  • Telecom Operators

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • 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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Pharma Robots Market Projected to Surge with 13.8% CAGR, Expected to Reach US$ 683.4 Million by 2032

The pharma robots market is poised for substantial growth, with a projected annual surge of 13.8% CAGR, catapulting its anticipated worth to an impressive US$ 683.4 million by the year 2032. This surge underscores the increasing integration of robotics in the pharmaceutical industry, where automation plays a pivotal role in enhancing efficiency, precision, and overall productivity. The escalating demand for advanced pharmaceutical manufacturing processes and the need for high-throughput solutions are key factors driving this robust growth.

As the industry continues to embrace technological advancements, the pharma robots market is positioned as a critical player in shaping the future of pharmaceutical production, promising innovative solutions and transformative outcomes for the global healthcare landscape.

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To avoid drug overfill and minimize adulteration, Clemson University and Nephron Pharmaceuticals Corporation, for instance, have developed a tabletop robot that can fill, cap, and seal sterile pre-filled syringes. Syringe filling is still a highly controlled operation that requires specialist workers to complete in ISO-certified clean rooms in the absence of robots. To help hospitals and other healthcare facilities deal with a shortage of pre-filled needles, a robot was created.

Key Takeaways from the Pharma Robots Market Report:

  • The global Pharma Robots Market is expected to reach a market size of US$ 188.6 Million by 2022.  
  • The Traditional Robots segment is expected to account for the highest CAGR of 14.5% during the forecast period. 
  • United States to remain the most dominant market with an absolute dollar growth opportunity of US$ 153.4 Million during 2022 – 2032. 
  • The market in Japan is set to experience the highest CAGR of 16.1% during the 2022-2032 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 Pharma Robots Market are focused on R&D to produce innovative technological solutions. 

  • In December 2021, the Marchesini Group-Neri Division’s BL-A309 was displayed at FCE Pharma, a flexible solution for Print&Check and serialization processes that allow users to swiftly install all of the major pharmaceutical traceability devices on the market, from laser printers to ink-jet technologies. 
  • In December 2021, Universal Robots launched a virtual pharma event, where managers, experts, and other professionals in the pharmaceutical and medical technology industries learned about the various possibilities that robots provide. Universal Robots can be promising in the pharmaceutical industry and are already generating a significant buzz in the market. 
  • In May 2021, Fanuc augmented its SCARA robot line to provide more reach and payload alternatives to companies that are looking to automate assembly, packaging, pick-and-place, and inspection processes. New models with payload capacities of 3, 6, and 20 kg are SR-3iA, SR-6iA, SR-12iA, and SR-20iA. The reach of the models ranges from 400 to 1,000 mm.

Leading Key Players:

  • ABB Ltd.
  • Universal Robots
  • Kawasaki Heavy Industries Ltd.
  • Yaskawa Electric Corporation
  • FANUC America Corporation
  • Marchesini Group S.P.A
  • Seiko Epson Corporation
  • Denso Wave Incorporation
  • Jianjia Robots

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Pharma Robots Market Segmentation:

By Product Type:

  • Traditional Robots
  • Articulated Pharmaceutical Robots
  • SCARA Pharmaceutical Robots
  • Delta Pharmaceutical Robots
  • Cartesian Pharmaceutical Robots
  • Dual-arm Pharmaceutical Robots
  • Collaborative Pharmaceutical Robots

By Application:

  • Robots for Pricking and Packaging
  • Robots for Inspection of Pharmaceutical Drugs
  • Robots for Laboratory Applications

By End-Use:

  • Robots for Pharmaceutical Companies
  • Robots for Laboratories Applications

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Streaming Analytics Market Targets Staggering US$ 107,548.7 Million at 21.1% CAGR

The global market for streaming analytics market is anticipated to increase at a CAGR of 21.1% from US$ 15,811.3 million in 2023 to US$ 107,548.7 million by 2033. Nearly 40% of the worldwide data analytics industry was accounted for by the market for streaming analytics.

Massive amounts of data are being generated as a result of the widespread use of industrial 4.0 techniques, which is also expected to raise the potential for real-time analytics adoption throughout the projected period.

Streaming analytics technology is being used by businesses to develop new business channels and boost customer engagement. As a result, stream analytics are growing in popularity in sectors like BFSI, supply chain management, and advertising & marketing. This will likely have a positive impact on the market for streaming analytics.

Businesses are beginning to focus more intently on gathering data on streaming events. Rapid response to events encourages operational responsiveness and organizational effectiveness. Businesses that use streaming analytics software can apply important context to events as they happen.

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Implementing streaming analytics will improve operational effectiveness, reduce infrastructure costs, and speed up the delivery of information and results. Organizations of all sizes can access data streaming through apps, social media, sensors, gadgets, websites, and other sources. Real-time analysis can provide essential, useful insights in a range of operational and functional domains, as opposed to storing and analyzing data later.

Key Takeaways from the Streaming Analytics Market Report:

  • By solution, the streaming analytics platform has a leading share in the global demand for the streaming analytics market during the forecast period. In addition, this segment will register at a CAGR of 22.5% through the forecast period.
  • Cloud-based streaming analytics platform will hold the largest market share of 53.4% in 2022 followed by hybrid streaming analytics platform.
  • Among the services, managed service is estimated to grow by 2.9X during the forecast period. In addition to this, this segment will hold the largest market share by 2032.
  • By application, the advertising & marketing segment will hold the highest market share in 2022, but supply chain management is estimated to grow at the highest CAGR from 2022 to 2032.
  • By industry, the IT & telecom industry segment is expected to grow at the highest CAGR of 25.8% from 2022 to 2032, followed by the retail & e-commerce industry.
  • North America is anticipated to lead the streaming analytics market followed by Europe in 2022. Whereas South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
  • The streaming analytics market in East Asia is estimated to witness an absolute opportunity of US $ 12,612.7 Million in the forecast period.

Leading Key Players:

  • Oracle Corporation
  • IBM Corporation
  • Google
  • Microsoft Corporation
  • SAS
  • SAP
  • Amazon Web Services
  • TIBCO
  • Software AG
  • Cloudera
  • Apache Software Foundation
  • Guavas
  • Adobe
  • Altair
  • Quix
  • Striim, Inc.
  • Confluent

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Streaming Analytics Market Segmentation:

By Solution:

  • Platform
  • Cloud-based
  • On-Premises
  • Hybrid
  • Services
  • Managed Services
  • Professional Services
  • Consulting Services
  • Integration & Implementation
  • Support & Maintenance

By Application:

  • Advertising & Marketing
  • Financial Analytics
  • Supply Chain Management
  • Demographic Location Intelligence
  • Fraud Intelligence
  • Customer Experience Monitoring
  • Others

By Enterprise Size:

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

By Industry:

  • IT & Telecom
  • Media and Entertainment
  • Retail & E-commerce
  • Manufacturing
  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Government
  • Education
  • Other

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Contactless Ticketing Market Hits US$ 17.3 Billion with 13.9% CAGR Momentum

The contactless ticketing market is poised for substantial growth, with a projected valuation of US$ 17.3 billion by 2032. Over the forecast period spanning from 2022 to 2032, this market is expected to exhibit impressive growth at (CAGR) of 13.9%. This substantial expansion is a testament to the increasing adoption of contactless ticketing solutions across various industries and sectors, including public transportation, events, and entertainment. As the world continues to embrace digitalization and seeks more convenient and secure ways of accessing services, contactless ticketing is set to play a pivotal role, making the process of purchasing and using tickets more efficient and hassle-free for consumers and businesses alike.

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To top up, by using contactless ticketing a passenger has to just tap the mobile device on the NFC reader at the barrier or when boarding the bus or train. Many countries are already enjoying the benefits of near-field communication technology by using contactless ticketing. Due to the increase in fraudulent activities and the need to provide secure services to customers, contactless ticketing providers are offering security-based solutions to fulfill this huge demand in the contactless ticketing market. The introduction of reliable and safe contactless ticketing has brought about a wide range of applications of contactless ticketing in different sectors. Contactless ticketing solutions can also be used for fare collection via mobile ticketing and tolls.

Global Contactless Ticketing Market: Drivers and Challenges:
Contactless payments are fast-paced without the requirement of any password or PIN to process the payment. Thus, these transactions are performed quickly without compromising on privacy or security. This is one of the major factors driving the growth of the contactless ticketing market. The increasing demand for mobile and web applications, and real-time information, are some of the major factors driving the growth of the contactless ticketing market. Faster and easier transactions by using contactless ticketing make the boarding of passengers’ smoother, and hence, is another factor anticipated to drive the growth of the contactless ticketing market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand for the contactless ticketing market over the forecast period.

However, concerns regarding security and privacy have created a lack of trust among the public, and the absence of a pin facility during the transaction in contactless ticketing further increases the concerns of customers. This is one of the key factors hampering the growth of the contactless ticketing market. Moreover, contactless ticketing cards are accepted at fewer locations as compared to magnetic striped cards, which is another factor restraining the growth of the contactless ticketing market.

Leading Key Players:

  • Wirecard AG
  • CPI Card Group Inc.
  • Atos SE
  • NXP Semiconductors N.V.
  • Infineon Technologies AG
  • Giesecke & Devrient GmbH
  • Proxama PLC.
  • Oberthur Technologies S.A.
  • Texas Instruments, Inc.
  • American Express Company

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Contactless Ticketing Market Segmentation:

By Device Type:

  • Smart Cards
  • NFC Chips
  • Mobile Handsets
  • Others

By Vertical:

  • Transportation
    • Land Transport
    • Air Transport
    • Water Transport
  • Media and Entertainment
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Smart Home Platforms Market Set to Skyrocket with 16.5% CAGR, Targeting US$110 Billion by 2032

The global smart home platforms market achieved a value of US$ 20.5 Billion in 2021 and is poised to exhibit a remarkable CAGR of 16.5%, reaching a significant milestone of US$ 110 Billion between 2022 and 2032. The increasing adoption of smart home platforms, which enriches customers’ experiences, is a key driver propelling market expansion. Furthermore, the ability of smart home platforms to facilitate remote control of various home functions adds another dimension to their demand, thus contributing to market growth.

Smart home platforms, also known as IoT platforms for smart homes, are software apps that link with connected devices, enabling communication, command response, and event handling. Their primary goal is to unify and ensure compatibility among smart devices, thereby regulating and harmonizing their functions.

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Key Drivers:

  1. Integration and Compatibility: Smart home platforms aim to unify various smart devices by ensuring their compatibility and seamless communication, driving the convenience of managing multiple devices from a single platform.
  2. Data Management and Security: The ability of smart home platforms to store, analyze, and secure collected data enhances the overall user experience by ensuring the safety and privacy of sensitive information.
  3. Operational Efficiency: Smart home platforms streamline the management of smart devices, simplifying operations and enhancing user satisfaction by providing a centralized control interface.
  4. Personalization and User Satisfaction: These platforms use collected data to tailor experiences to users’ preferences, predicting and meeting their needs, ultimately creating enjoyable and satisfying smart home environments.
  5. Scenario Preparation and Adaptability: Smart home platforms analyze stored data to predict and prepare for future scenarios, ensuring adaptability to changing environmental conditions and user requirements.
  6. Enhanced Automation: The automation capabilities of smart home platforms contribute to a more comfortable and enjoyable living environment by anticipating users’ behaviors and needs.
  7. Convenience and Ease of Use: Users can control and manage multiple smart devices effortlessly through a single platform, enhancing the convenience and user-friendliness of their smart homes.

Key Takeaways from the Smart Home Platforms Market Study:

  • Smart home platforms catering to security and surveillance dominate the market with a substantial 53.3% share, growing at a robust CAGR of 16.7%.
  • IoT platforms focused on smart appliances are projected to contribute to 65% of the revenue throughout the forecast period.
  • The North American market is poised to reach a value of US$ 24 Billion, displaying a steady CAGR of 16.5%.
  • Asia Pacific region is anticipated to exhibit a notable CAGR of 15.2% during the forecast period.
  • The global smart home platforms market is set to expand by 4.6 times from 2022 to 2032.
  • “The increasing demand for efficient household security systems and the convenience of remotely controlling smart appliances has led to widespread adoption of smart home platforms like Alexa worldwide,” notes an analyst from FMI.

Competitive Landscape:
Key players in the global Smart Home Platforms market comprise Apple Inc., Google LLC, Cisco Systems, Inc., Resideo Technologies, Inc., Amazon.com, Inc., LG Electronics, Samsung Electronics Co. Ltd., Siemens AG, Robert Bosch Smart Home GmbH, and General Electric Company. Recent significant developments among these players include:

  • In June 2022, Samsung Electronics launched SmartThings Home Life, offering a comprehensive smart home experience in 97 countries.
  • In January 2020, Apple, Google, Amazon, and the Zigbee Alliance collaborated on a new smart home standard named “Project Connected Home over IP”.
  • In February 2020, Cisco acquired Exablaze, an Australia-based designer and manufacturer of advanced network devices.

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Additional Valuable Insights:
In its latest report, FMI delivers an impartial assessment of the worldwide Smart Home Platforms market, offering historical data for the period 2017-2021 and projecting statistics for 2022-2032.

The analysis unveils crucial findings categorized by Type, including IoT Platform for Control and Connectivity Devices, IoT Platforms for Security and Surveillance Systems, and IoT Platform for Smart Appliances. Additionally, the study segments the data by Region, encompassing North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa.

Smart Home Platforms Market Segmentation:

By Type:

  • IoT Platform for Control & Connectivity Devices
  • IoT Platform for Security & Surveillance Systems
  • IoT Platform for Smart Appliances

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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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Labeling Software Market Soars with 5.8% CAGR, Predicted US$ 975.8 Million Valuation

The global labeling software market has surged to prominence, amassing an impressive US$ 519.5 million in 2021. Anticipating a Year-on-Year (Y-o-Y) rise of 6.5%, it is set to be valued at US$ 553.8 million in 2022. Fuelled by steadfast backing from diverse governmental entities, the market’s trajectory is poised to ascend to a remarkable US$ 975.8 million by 2032. This surge is projected to unfold at a steady 5.8% CAGR throughout the forecast period.

The labeling software arena is undergoing a profound transformation, spurred by the infusion of innovative technology. This infusion has led to the introduction of diverse and advanced labeling software solutions. Moreover, contemporary labels now come equipped with tracking and anti-counterfeiting attributes, adding a layer of convenience for product manufacturers in terms of shipment monitoring. These labels also offer tamper-proof features, ensuring seamless delivery to their intended recipients.

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Key Takeaways from the Labeling Software Market Report:

  • Based on deployment mode, the joint on-premises segment is expected to record a 5.5% CAGR by 2032
  • By Enterprise size, the large enterprises segment is to expand at a 5.3% growth rate during the forecast period
  • The U.S market to garner US$ 348.2 Million and record a 5.6% CAGR from 2022-2032
  • Market in China to procure US$ 72.4 Million, expanding at a 5.5% growth rate during the assessment period

Competitive Landscape:
Eminent players in the global Labeling Software Market include Blue Software Llc, Cybra Corporation, Data Systems International Inc. (Dsi), Endicia, and Euro Plus Ltd. among others. Recent key developments among players include:

  • In March 2020- CYBRA Corporation announced the addition of support for Epson Colorwork color inkjet printers. Ideal for high-mix label requirements, Epson ColorWorks printers deliver dependable, commercial inkjet printing with fast-drying, durable color inks while reducing the cost of using pre-printed labels.
  • In February 2022– Dun & Bradstreet Holdings, Inc. a leading global provider of business decisioning data and analytics, and Google Cloud, today announced a 10-year strategic agreement to leverage Google Cloud for infrastructure modernization and jointly innovate new industry-specific solutions and services to help businesses operate more efficiently.

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More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global Labeling Software Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Deployment Mode (On-Premises, Cloud) by Enterprise Size (SME, Large Enterprises) by End-user(FMCG, Retail, Healthcare, Warehousing and logistics, Others) and Region (North America, Latin America Europe, APAC, and Middle East & Africa).

Labeling Software Market Segmentation:

By Deployment Mode:

  • On-Premises Labeling Software
  • Cloud-based Labeling Software

By Enterprise Size:

  • Labeling Software for SMEs
  • Labeling Software for Large Enterprises

By End-user:

  • Labeling Software for FMCG
  • Labeling Software for Retail
  • Labeling Software for Healthcare
  • Labeling Software for Warehousing and Logistics
  • Labeling Software for Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • 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.

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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Smart Urban Infrastructure Deployment Market Surges: Projected to Reach an Astounding US$ 552.23 Billion by 2033, Fueled by a Remarkable 43% CAGR

The investment in the smart urban infrastructure deployment market is expected to be worth US$ 15.44 billion in 2023. The demand for smart urban infrastructure deployment is anticipated to advance at an impressive CAGR of 43% to exceed US$ 552.23 billion by 2033. 

The deployment of smart urban infrastructure is becoming increasingly popular due to a variety of factors that are driving its growth, including the need for sustainable and resilient infrastructure. As urbanization continues to rise rapidly, there is a growing demand for smart city solutions that can help ensure that cities can operate efficiently and sustainably. The use of smart urban infrastructure can help reduce energy consumption, decrease waste and emissions, and improve the quality of life for citizens. 

Some significant challenges are impacting the deployment of smart urban infrastructure. One of the main challenges is the lack of standardization and interoperability among different infrastructure systems. This can make it difficult for different systems to work together effectively, which can limit the overall effectiveness of smart urban infrastructure.  

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Despite these challenges, there are still numerous opportunities available in the smart urban infrastructure deployment market. One of the significant opportunities is the use of data analytics and artificial intelligence to help optimize urban infrastructure systems. By using data to gain insights into how infrastructure systems are operating, cities can identify areas for improvement and make targeted investments to improve efficiency and sustainability.  

Looking ahead, several trends are likely to shape the smart urban infrastructure deployment market in the coming years. One of the significant trends is the increasing use of the Internet of Things (IoT) to connect different infrastructure systems and enable real-time data analytics. This is helping to create new opportunities for more efficient and effective infrastructure management.   

Key Takeaways from the Smart Urban Infrastructure Deployment Market Report: 

  • The United States is expected to account for roughly 30% of global investments in smart urban infrastructure deployment by 2033. 
  • The United Kingdom is expected to account for roughly 10% of global investments in smart urban infrastructure deployment by 2033. 
  • Germany is expected to account for around 12% of global smart urban infrastructure deployment by 2033. 
  • China is expected to account for nearly 35% of global smart urban infrastructure deployment by 2033. 
  • Japan is expected to account for 8% of global smart urban infrastructure deployment by 2033. 
  • With a projected share of more than 30% by 2033, smart transportation is expected to dominate smart urban infrastructure deployment. 
  • IoT is expected to dominate smart urban infrastructure deployment by 2033, with a share of more than 40%. 

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Key Players Contributing to the Smart Urban Infrastructure Deployment:

  • Cisco Systems, Inc.
  • Siemens AG
  • Schneider Electric SE
  • General Electric Company
  • Honeywell International Inc.
  • IBM Corporation
  • Hitachi, Ltd.
  • Huawei Technologies Co., Ltd.
  • Oracle Corporation
  • Intel Corporation

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Global Smart Urban Infrastructure Deployment Market Segmentation:

By Infrastructure Type:

  • Smart Transportation
  • Smart Energy
  • Smart Water and Waste Management
  • Smart Public Safety and Security
  • Smart Public Services

By Technology:

  • Internet of Things
  • Artificial Intelligence
  • Cloud Computing
  • Blockchain
  • Augmented and Virtual Reality

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Eddy Current Testing Market Soars: Projections Point to a Staggering US$ 2.6 Billion Valuation by 2032, Fueled by an Impressive 8.3% CAGR

The global eddy current testing market is forecasted to reach a value of US$ 2.6 billion by the year 2032. This market is anticipated to experience consistent growth, with a CAGR of 8.3% from 2022 to 2032. To put things in perspective, in 2022, the global market for eddy current testing was valued at US$ 1.1 billion.

When doing eddy current testing, a specifically created coil that is controlled by a current that flows is brought close to the testing area. It helps to create a fluctuating magnetic field that interacts with a particular sample. Eddy current measurements are also produced as a result.

Eddy current testing is the basis for the physics phenomenon known as electromagnetism. An alternating current passing through a wire coil creates an oscillating magnetic field in an eddy current sensor.

When a magnet and its magnetosphere are brought close to an electrical conductor, eddy currents, or the moving round electrons, begin to flow through the metal. It resembles a test piece made of metal.

The eddy current in the metal would combine with the magnetic field of a coil. Via mutual inductance, it would generate its own magnetic field.

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A knowledgeable user can map fluctuations in resistivity loudly using eddy current equipment. In seeking out changes in the substance that is to be measured, phase differences can also be used. The global market is expected to rise as new eddy current testing methods are invented.

Average penetration is defined as the point where the eddy flow rate is 37% of the surface value. The test frequency, polarizability, and conductivity of test samples can all be used to calculate this depth.

Changes in the conductivity of test materials might have an impact on precision, test receptivity, and solubility. It can also be influenced by the coil’s design, velocity of the AC impulses driving the circuit, and the material’s magnetic permeability.

High standards for substance, design, and durability are required by the global aircraft industry. Numerous fatal occurrences and grave injuries can result from smoothness, roughness, and crevice breakdowns.

Key Takeaways from the Eddy Current Testing Market Report:

  • North America eddy current testing market stood at US$ 434.4 million in 2021.
  • The USA eddy current testing market size is expected to be worth US$ 821.5 million by 2032.
  • The United Kingdom eddy current testing market is likely to broaden at a CAGR of 5% in the forecast period.
  • China eddy current testing industry is likely to be worth US$ 212.1 million in 2032.
  • By technique, the remote field testing segment exhibited growth at a CAGR of 0% from 2017 to 2021.

Competitive Landscape: Eddy Current Testing Market

To develop novel solutions, leading businesses in the worldwide eddy current testing market are concentrating on research and development operations. Other businesses are forming alliances, mergers, and acquisitions with regional small businesses. They are doing so to increase their geographic presence and jointly develop novel solutions.

For instance,

  • In June 2021, ETher NDE announced the launch of ETi-300n. It was developed to improve the end-to-end workflow of inspection. It is an eddy current equipment that was developed to inspect the non-ferrous tubing from an inner diameter and deliver accurate inspection results.

Leading Key Players:

  • Ashtead Technology Ltd
  • Eddyfi NDT Inc.
  • ETher NDE Ltd
  • Fidgeon Ltd
  • General Electric Company
  • ibg NDT System Corporation
  • Magnetic Analysis Corporation
  • MISTRAS Group Inc.
  • Olympus Corporation
  • TÜV Rheinland Inc.

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Eddy Current Testing Market Segmentation:

By Technique:

  • Altering Current Field Measurement
  • Eddy Current Array
  • Conventional Eddy Current Testing
  • Remote Field Testing
  • Others

By Service:

  • Inspection Services
  • Equipment Rental Services
  • Calibration Services
  • Training Services

By Industry Verticals:

  • Manufacturing
  • Oil & Gas
  • Automotive
  • Power Generation
  • Government Infrastructure & Public Safety

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

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