Market Research Blog – Page 3870 – New Product Development

All Flash Array Market Targets US$ 85,990 Million with 15.4% CAGR by 2032

The global all flash array market is projected to reach US$ 20,545 million in 2022 and US$ 85,990 million in 2032, increasing at a CAGR of 15.4% The all flash array market is known to provide advanced data management services that are beyond the scope of spinning media. They consume less power and produce less heat. Thus, they do not need as much cooling as standard hard disk drives.

Therefore, the need for air conditioning in data centers is reduced. All-flash arrays come incorporated with all the advanced features that an enterprise might need. Some of these features include replication, snapshots, and data reduplication.

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All Flash arrays are more expensive than spinning disks, but the development of multi-level cell flash has lowered the price of solid-state drives. Multi-level cell flash is slower and less durable than single-level cell flash, but companies have developed software that improves its wear levels to the point where multi-level cell is acceptable for enterprise applications. Single-level cell flash still remains the choice for applications with the highest input/output requirements, however.

All Flash Array Market: Drivers and Challenges:
Few of the all flash array market drivers are that they are easy to manage, hence there are no restrictions on the way logical volumes are created. All flash arrays are physically smaller in size, and thus the overall rack count is smaller.

In addition to this, all flash arrays are easy to install and maintain, which reduces the maintenance cost for the enterprise. Also, all flash arrays transfer data at a much faster rate in comparison to other hard disk drives; which is another major driving factor of all flash array market.

One of the challenges faced by the all flash array market is that during an unexpected drive failure, it would become more difficult to recover data than with standard disks. Hence, proper backup and mitigation plans should be made by the enterprises. Further, all-flash arrays cost a bit more, simply because flash is costlier than spinning media.

Key Market Players:
A few of the companies in all flash array market are:

IBM Corporation
NetApp.
Hewlett Packard Enterprise
Dell Inc.
Hitachi Ltd.
Seagate Technology LLC
SanDisk Corporation
Pure Storage, Inc.

These companies are focused on innovating and updating their existing product offerings to increase their market share in all flash array markets.

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All Flash Array Market: Regional Overview

All Flash Array market is currently dominated by the North American region owing to technological advancements in this region. Europe’s all flash array market follows next as various end-user industry verticals are realizing the importance of all flash arrays.

The Asia Pacific all flash array market is growing at a comparatively high rate owing to enterprises realizing the importance of all flash arrays.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geographies, applications, and industries.

Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

All Flash Array Market Segmentation:

By Storage System:

All Flash Array based on Direct-attached Storage
All Flash Array based on Network-attached Storage
All Flash Array based on Cloud Storage
All Flash Array based on Unified Storage
All Flash Array based on Storage Area Network
All Flash Array based on Software-defined Storage

By Enterprise:

All Flash Array for SMEs
All Flash Array for Large-Scale Enterprises

By Vertical:

All Flash Array for BFSI
All Flash Array for IT & Telecommunications
All Flash Array for Government & Defense
All Flash Array for Transportation
All Flash Array for Manufacturing
All Flash Array for Healthcare
All Flash Array for Retail
All Flash Array for Energy & Utilities
All Flash Array for Other Verticals

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Magnetoresistive Sensors Market Forecasted to Exceed US$ 371.5 Million by 2032 with 4.3% CAGR

The magnetoresistive sensors market is anticipated to grow at a CAGR of 4.3% in the global magnetoresistive sensors market throughout the projected period. Future market growth for magnetoresistive sensors is predicted to reach a value of US$ 243 million in 2022 and US$ 371.5 million by 2032.

Magnetoresistive sensors are highly sensitive devices aimed to cover an extensive range of applications with large air gaps, low power requirements, and small magnetic fields.

Magnetoresistive sensors have low magnetic strength and due to simplified installation, it reduces system cost.

These sensor ICs require low electricity and less investment. Magnetoresistive sensors are used in medium-sized consumer electronics which act as battery optimization position sensors and are also used as infusion pumps in medical equipment.

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Magnetoresistive Sensors Market: Market Dynamics

The increase in demand for flexible electronics owing to low manufacturing cost and higher flexibility are the drivers for the magnetoresistive sensors market

Determining methods for structuring the layers and developing appropriate insulation layers between the sensors is difficult which may act as restraints for the magnetoresistive sensor market.

Manufacturing of printable electronic devices that will not require high-energy deposition technologies will create opportunities for the magnetoresistive sensors market

Global Magnetoresistive Sensors Market: Competition Landscape

A few prominent players in the Magnetoresistive Sensors market include Honeywell International Inc., AMS, Analog Devices (Infineon Technologies), Murata, NXP Semiconductor N.V, TE Connectivity, Magnachip Semiconductor, Diodes Incorporated, Panasonic, MS AG, Allegro Microsystems Inc., Asahi Kasei Micro Devices Corporation, Infineon Technologies AG, Melexix NV, Memsic Inc, Micronas Semiconductor Holdings AG, and Robert Bosch GMBH.

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Magnetoresistive Sensors Market: Regional Outlook:
North America is estimated to dominate the magnetoresistive sensor market followed by Europe, APEJ, Japan, and MEA regions owing to an increase in demand for flexible electronics in North America for industrial applications and adoption of advanced technologies.

Europe and Asia Pacific are expected to grow significantly during the forecast period.

The research report presents a comprehensive market assessment and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also includes projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geography, technology, and applications.

Magnetoresistive Sensors Market Segmentation:

By Type:

Hall Effect
Magnetoresistive

By Range:

<1microgauss
1microgauss-10gauss
>10gauss

By Application:

Speed Sensing
Proximity Detection/NDT
Position Sensing
Navigation and Electronic compass
Flow rate Sensing
Others

By End-user Industry:

Transportation
Consumer Electronics
Healthcare
Aerospace & Defense
Industrial
BFSI
Others

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

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Global Nasal Packing Devices Industry is set to witness a substantial uptick to US$ 311.9 Million by 2033, driven by progress in treating epistaxis, states FMI

The global nasal packing devices industry growth is poised for significant growth according to the latest market projections. By 2023, it is estimated to reach a value of US$ 189.4 million, exhibiting a steady compound annual growth rate (CAGR) of 5.1% from 2023 to 2033. This growth trajectory sets the stage for an anticipated market value of approximately US$ 311.9 million by the end of 2033.

The market for nasal packing devices has increased as more people experience epistaxis. The International Journal of Otolaryngology reports that in 2021, epistaxis impacted more than 12% of the world’s population, with 75% of those affected needing medical intervention.

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Epistaxis is a common clinical disorder that causes bleeding from the nose, and it is generally accepted that hypertension is the main factor contributing to this condition. Good news for the nasal packing devices market comes from the rise in hypertension cases. Because of the increased blood flow brought on by the dilatation of blood vessels, nosebleeds are a frequent symptom during pregnancy.

The market for nasal packing devices is being driven in large part by the increased prevalence of hypertension among pregnant women. The need for nasal packing devices is also being fueled by the rising incidence of nasal cancers. Nasal packing devices are less common than they once were due to consequences such mucosal lacerations, which can result in further bleeding, infections, and toxic shock syndrome (TSS).

Because of this, it is predicted that fewer people would use nasal packing devices. On the other hand, the ongoing emphasis on technological advancements and the development of new products in this field are driving the growth of nasal packing devices.

The world’s nasal packing devices market is anticipated to develop at the greatest rate from 2023 to 2033 in the Asia-Pacific region. This expansion is mostly attributable to a combination of high unmet needs, a booming economy, and general improvements in healthcare infrastructure, particularly in developing nations like China and India. In addition, the market is growing as more people are becoming aware of nasal packing devices and the functions they serve.

Key Takeaways from Market Study: Nasal Packing Devices Market:

Market Growth and Size: The Nasal Packing Devices Market is likely to experience steady growth due to an increase in the number of ENT (Ear, Nose, and Throat) surgeries and other nasal-related medical procedures. The growing awareness of the benefits of nasal packing devices in controlling bleeding and reducing the risk of complications during and after surgery is likely to contribute to market expansion.
Product Innovation: Market players in the Nasal Packing Devices industry are expected to focus on product innovation and development to gain a competitive edge. Advances in technology and materials used in nasal packing devices are likely to improve patient comfort, reduce side effects, and enhance overall effectiveness.
Prevalence of Nasal Disorders: Nasal packing devices are often used in the treatment of various nasal disorders, such as epistaxis (nosebleeds), sinusitis, and nasal septum deviations. The prevalence of these conditions, particularly among the aging population, is likely to drive the demand for nasal packing devices.
End-user Segments: The market is likely to be segmented by end-users, such as hospitals, ambulatory surgical centers, and specialty clinics. The adoption of nasal packing devices may vary depending on the facility’s capabilities and the types of procedures performed.

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Competitive Landscape:

In order to keep up with the ever-increasing innovation and demand for nasal packing devices, market participants are strongly encouraged to engage heavily in R&D activities and focus their attention there. Increased competition from companies offering innovative features has contributed to the growth of the nasal packing device industry.

During the projected period, the nasal packing devices manufacturing industry is anticipated to grow as a result of new product releases, mergers, and acquisitions.

In August of 2021, a binding agreement was announced between Medtronic and Intersect ENT, whereby Medtronic would buy all outstanding shares of Intersect ENT for USD 28.25 per share in cash, for a total purchase price of USD 1.1 billion.

Global Nasal Packing Devices Industry Key Players:

Summit Health
Smith & Nephew
Stryker Corporation
Medtronic plc.
Network medical products ltd.
Olympus
Lohmann & Rauscher
Meril Life Sciences Pvt Ltd.
FABCO

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Nasal Packing Devices Market by Segmentation

By Product:

Injectable
Gel
Spray
Dressings

By Type:

Bio-resorbable
Non-absorbable

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Managed Workplace Services Market Set to Hit US$ 99.4 Billion, Anticipates 12% CAGR

The managed workplace services market is projected to grow at a CAGR of 12% from 2022 to 2032, from US$ 28.7 billion in 2022 to US$ 99.4 billion by that time. To bridge the gap between business productivity and end-user expectations for integrated, customized, and flexible services during the forecast period from 2022 to 2032, the demand for managed workplace services is on the rise.

The adoption of managed workplace services is expected to rise as a result of implementing more adaptable IT workstations and conventional workplace procedures and integrating them to support end-users. Through platforms like desktop delivery, mobility, and service, managed workplace services offer an end-to-end workflow approach.

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The Managed Workplace Services (MWS) market refers to the industry involved in providing end-to-end IT solutions for managing and supporting an organization’s end-user devices, such as desktops, laptops, mobile devices, and peripherals. MWS providers offer a range of services, including device management, software deployment, security management, asset management, and helpdesk support.

MWS solutions enable organizations to improve their operational efficiency, reduce costs, and enhance the end-user experience by ensuring that their devices are properly managed and maintained. MWS providers leverage technologies such as remote monitoring and management (RMM), mobile device management (MDM), and endpoint protection platforms (EPP) to deliver these services.

Who are Some of the Key Competitors in the Managed Workplace Services Market?
The end-user industries are the key contributors to the managed workplace services market growth. These industries are adopting various tactics to enlarge the market size all around the globe, which is anticipated to increase production & raise the sales of managed workplace services during the forecast period.

Leading Key Players:

Intel Corporation (U.S.)
Unisys Corporation (U.S.)
Hewlett Packard Enterprise Development LP (HPE) (U.S.)
IBM Corporation (U.S.)
Cisco Systems, Inc. (U.S.)
Accenture PLC (Ireland)
FUJITSU(Japan)
NTT Data Corporation (Japan)
Atos (France)
Capgemini (France)
Cognizant Technology Solutions Corporation (U.S.)
HCL Technologies Ltd. (India)
Citrix Systems (U.S.)
Computer Sciences Corporation (CSC) (U.S.)
Wipro Ltd. (India)
Tata Consultancy Services (India)
Zensar Technologies Ltd (India)
Infosys (India)

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Managed Workplace Services Market Segmentation:

By Service Type:

Mobility Services
Desktop Services
Service Desks
Collaboration Services
Management Services
Other Service Types

By Enterprise Size:

SMEs
Large Enterprise

By End User:

BSFI
Government
IT and Telecom
Healthcare and Life Sciences
Manufacturing and Automotive
Transportation and Logistics
Retail
Media and Entertainment
Others

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

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E-Scooter Sharing Market Gains Momentum, Projects 17.9% CAGR, US$ 5.7 Billion Growth

The global E-scooter sharing market was valued at US$ 1.1 Billion in 2022 and is expected to reach US$ 5.7 Billion by 2032 finds Future Market Insights (FMI) in a recent market survey. E-scooter sharing market is likely to surge at a vigorous 17.9% CAGR during the forecast period of 2022 – 2032. In free-floating sharing commuters can pick up and drop off the E-scooters from a place sanctioned by civic authorities. Hence, they can find free-floating sharing services convenient for short transit routes.

Kick Scooter Has an Upper Hand over Smart Scooters in E-scooter Sharing:
Kick scooters are more opted for by users over smart scooters in E-scooter sharing. Kick scooters are generally easy to use as compared to smart scooters, which makes commuters choose kick scooters over smart scooters for E-scooter sharing.

US to Dominate E-scooter Sharing Market throughout the Analysis Period:
The US generated the highest revenue in the E-scooter sharing market in 2021. While two of the top E-scooter sharing providers are based in the US, it holds a market share of US$ 340.9 Million in 2021. Due to the high usage of E-scooter sharing, the market in the US is expected to account for US$ 1.9 Billion in revenue by 2032.

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Some of the recent developments by key providers of E-scooter sharing are as follows:

In May 2022, the San Francisco Municipal Transformation Agency (SFMTA) tested scooter sidewalk riding detection technology involving three companies Lime, Spin, and Scoot. The key objective of this testing is to maintain safe sidewalks across the city. Sidewalk riding detection technology automatically detects sidewalk riding and automatically reduces the speed to a safer level.
In April 2022, Bird announced it would provide its E-shared scooter service in Indio California, the Home of the Coachella and Stagecoach festivals.
In March 2022, Chalo, an India-based mobility startup acquired Vogo Automotive Pvt. Ltd. Chalo’s plan is to boost its bus ridership by providing its users to solve the last and first-mile concerns.
In March 2022, Ford announced that it would be selling its E-scooter business Spin to Tier a German e-scooter company that helped Tier to set up its operations in North America.
In November 2021, Lime announced that it had raised a funding of US$ 523 Million and declared that it will list as public in 2022.
In November 2021, Tier, a Berlin-based e-scooter operator acquired Nextbike a German-based bike-sharing platform to become Europe’s largest and most diverse micro-mobility provider.
In November 2021, Bird joined Switchback II Corp and began trading on the New York Stock Exchange (NYSE) under the name BRDS.
In May 2021, Bird and Zig Zag joined to build a local multi-model mobility service in Italy.
In January 2021, Vogo Automotive Pvt. Ltd. launched the ‘VOGO Keep’ platform which allows people to keep their vehicle for a minimum of 12 hours and a maximum of 60 days.
In November 2019, California-based E-scooter company OjO Electric Corp announced they were planning to acquire Gotcha, a scooter bike rental service.
In January 2019, South American E-scooter service, Yellow merged with Mexican E-scooter service Grin to form Grow Mobility. After their merger, Grow Mobility became the largest E-scooter sharing provider in South America.

Leading Key Players:

Neutron Holdings, Inc.
Cityscoot
Cooltra Motosharing, S.L.U
Bird Global Inc.
Vogo Automotive Pvt. Ltd.
TIER Mobility AG
Voi Technology AB
Wind Mobility
Beam Mobility Holdings Pte. Ltd

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E-scooter sharing Market Segmentation:

By Type:

Free-floating
Station bound

By Scooter Type:

Kick Scooter
Smart Scooter

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Help Desk Software Market Set to Surge with 9.4% CAGR, Targets US$ 26.8 Billion by 2032

The global help desk software market was valued at around US$ 9.9 Billion in 2021. With a projected CAGR of 9.4% for the next ten years, the market is likely to reach a valuation of nearly US$ 26.8 Billion by the end of 2032. According to the report’s findings, cloud-based help desk software will continue to play an important role in the market, accounting for the majority of sales.

Large Industries to Continue being Growth Axis for Help Desk Software Revenue:
Because of the much higher volume of tickets, major organizations can both afford and have a far greater need to automate their help desk systems. They account for a sizable proportion of support desk software purchasers.

Help desk software revenue grew at a CAGR of 9.0% from 2015 to 2021, and it is expected to expand at an 8.1% rate over the projected period. Small and medium-sized businesses are also showing growth potential as they embrace help desk software to improve customer satisfaction, attracted by its scalability and simplicity of adaptation.

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The COVID-19 Pandemic and the increase in BYOD to raise requirements for Help Desk Software:
The COVID-19 pandemic has led to a rise in ticket generation by employees as offices shifted to hybrid forms of work. This, as well as the increasing prevalence of BYOD systems, led to an overall increase in the number of tickers generated, causing a lack of efficiency and slower response times. Firms attempting to minimize these issues seek to replace level-one support with automated helpdesks.

North America to Command the Larger Proportion of Demand for Help Desk Software throughout the Analysis Period:
North America leads the help desk software demand with a 41.5% share in 2021 and a projected market size of US$ 11.1 Billion in 2032, which is largely owing to a large number of companies as well as growing demand from government agencies for help desk software. The market in North America is projected to grow at a CAGR of 9.4% during the forecast period.

Help Desk Software Market: Competition Insights:
Currently, help desk software providers are focused on increasing their presence and reach. They are focusing on developments that will ensure further streamlining of customer experience processes and an increase in market share and traction.

Leading Key Players:

Column Technologies,
Sparkcentral
Watermelon
Smart Tribune
Zendesk
Freshworks Inc.
FrontApp
Zoho Corporation Pvt. Ltd.
Wrike, Inc.
Vision Helpdesk
Teamwork.com Ltd.
Help Desk Migration
Apptivo Inc
Quick Base
Deskero
BMC Software, Inc.
SherpaDesk
Samanage Ltd.
TeamSupport
Jira Service Desk
xSellco Limited
iSupport Software
INTERCOM
LiveAgent
Azure Desk
Smart Service Desk
Nectar Desk Inc.
NabdSys

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Some of the recent developments in Help Desk Software are as follows:

In August 2021 Freshworks filed for an IPO in the US to raise US$100 Mn on the Nasdaq Global Select Market under the symbol FRSH.
In August 2020, Hiver entered the helpdesk software market. Hiver’s Solutions became the first customer service solution to operate out of G-Suite and offer helpdesk capabilities along with Gmail
In June 2020, Salesforce’s venture capital invested in Tanium with plans to roll out a joint employee service management solution whose features will include, amongst others, a one-stop help desk for its employees
Similarly, recent developments related to companies manufacturing Help Desk Software have been tracked by the team at Future Market Insights, which is available in the full report.

More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Help Desk Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Help Desk Software Market in terms of Type (Cloud-based, Web-based), By Industry (Large enterprises, Small and Medium enterprises) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Help Desk Software Market Segmentation:

By Type:

Cloud-Based Helpdesk Software
Web-based Helpdesk Software

By Industry:

Help Desk Software for Large Enterprises
Help Desk Software for Small and Medium Enterprises

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Public Key Infrastructure (PKI) Market Projected at 18.3% CAGR, Projected to Surpass US$ 25.1 Billion by 2032

The global public key infrastructure (PKI) market is poised for substantial growth, with projections indicating it will reach a staggering value of US$ 25.1 billion by the year 2032. This remarkable trajectory is underpinned by a CAGR of 18.3%

The significance of PKI adoption in banking and financial services for corporate security cannot be emphasized. Banking fraud attempts nearly quadrupled between the latter three months of 2020 and the first three months of 2021, as hackers attempted to disguise their attacks as legitimate internet activity. As a result, there is a higher need for stronger PKI protection. However, PKI must be correctly installed to reduce data breaches, outages, and compliance violations. Identity verification is critical in the financial services and insurance industries. Verifying digital identities is essential for increasing consumer trust and maintaining transaction security.

On the other side, the rapid spread of digitalization, new technologies, and user behaviors is rapidly changing the ways banks interact with their clients. This will forever fuel changes in identity management duties. As a result, the position of banks and financial services in the identity supply chain is constantly being re-evaluated.

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Mobile banking apps have taken banking to new heights, removing the need for conventional banking centers. Anyone using a smartphone and an internet connection may now rapidly monitor account balances, transfer cash, and make payments without visiting a branch. In the not-too-distant future, one can easily envision the Internet of Things (IoT) and voice-enabled functions making banking simple. Real-world uses of this technology have already arrived in our homes, with televisions, autos, and other devices becoming voice-friendly.

Key Takeaways from the Public Key Infrastructure (PKI) Market Report:

The Global Public Key Infrastructure (PKI) Market is expected to reach a market size of US$ 4.7 Billion by 2022.
The Hardware Security Modules (HSM) segment, is expected to have the highest CAGR rate of 18.7% during the forecast period.
United States to remain the most dominant market with an absolute dollar growth opportunity of US$ 7.3 Billion during 2022 – 2032.
The market in China is set to experience the highest CAGR of 18.1% 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 Public Key Infrastructure (PKI) Market are focused on R&D to produce innovative technological solutions.

In February 2022, Thales extended its partnership with Google Cloud to enhance public confidence in the cloud. A stronger link enables organizations to use very sensitive data in the Google Cloud Platform with confidence (GCP). Ubiquitous Data Encryption is enabled, which is a technology that integrates Google Cloud’s Confidential Computing with Thales’ CipherTrust Cloud Key Manager. Using the Thales CipherTrust Data Security Gateway, consumers may produce and control encryption keys for data transferred to Google Confidential Cloud Computing.
In November 2021, PrimeKey collaborated with the Microsoft Intelligent Security Association to combine their solutions to protect against a growing number of cyber threats. Enterprise Java Beans Certificate Authority, a customized corporate PKI and certificate management system, that interfaces with Microsoft Intune as a part of Microsoft Endpoint Manager.

Leading Key Players:

Thales
Entrust, Inc.
Digicert
Manageengine
Microsoft
VeriSign, Inc.
RSA Security
PrimeKey Solutions AB
Google LLC
Amazon Web Services
Appviewx, Inc.
Venafi, Inc.

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Public Key Infrastructure (PKI) Market Segmentation:

By Component:

Public Key Infrastructure Hardware Security Modules (HSM)
Public Key Infrastructure Solutions
Public Key Infrastructure Services
- Professional Public Key Infrastructure Services
- Managed Services

By Deployment Mode:

Cloud-Based Public Key Infrastructure
On-Premises Public Key Infrastructure

By Organization Size:

Small and Medium Enterprises
Large Enterprises

By Vertical:

BFSI
Government and Defense
IT and Telecom
Retail
Healthcare
Manufacturing
Other

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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3D Sensor Market Soars, Anticipates US$ 9 Billion Value at 26% CAGR

The global 3D sensor market is anticipated to reach US$ 2.5 billion by 2022. The market as a whole is predicted to develop at a CAGR of 26% reaching around US$ 9 billion by 2032. The increasing implementation of 3D sensors across various industries such as automotive and media & entertainment is projected to drive the market.

The 3D sensor is an expansion of the already established sensor business. 3D sensing is a dynamic technology that is appropriate for a wide range of applications including healthcare, automotive, consumer electronics, industrial robotics, and security and surveillance.

Because of the increasing popularity of gesture applications and efficient product handling across several industrial verticals, the electronics industry has a high potential for 3D sensors. The global 3D sensor market incorporates cutting-edge technology and has enormous potential shortly. Because of its appealing characteristics such as cost-effectiveness, higher reliability, and high efficiency, 3D sensor technology has played a significant role in the evolution of the semiconductor industry.

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The research provides an in-depth examination of major growth drivers and trends that are expected to have an impact on the market in the next years. The adoption of cloud computing and artificial intelligence is predicted to drive robust growth in the technology industry over the projection period. Increasing competitive pressure and enhanced digital transformation in data analytics and artificial intelligence are expected to improve the 3D Sensor market’s growth prognosis in the future decade.

Changes in consumer behavior, significant product innovations, and increasing distribution networks, according to the FMI analysis, continue to influence the growth of the 3D Sensor market. FMI researchers depend on proprietary research methodologies and extensive data analysis to forecast current and future trends in the 3D Sensor market report.

Impact of COVID-19 on the 3D Sensor Market:
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of the electronic supply chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in the IT services and technology industry is expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid 3D Sensor market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the 3D Sensor market.

Market Competition:
The global 3D sensors market is highly competitive in nature with leading market players constantly upgrading their product portfolios. They are aiming at developing innovative solutions that can even penetrate through sold obstacles like walls.

Leading Key Players:

Infineon Technologies AG
Cognex Corporation
LMI Technologies Inc.
SOFTIKINETIC
Optima S.A.
ifm Efector, Inc.
Occipital, Inc.
ASUSTeK Computer Inc.
Panasonic Corporation

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3D Sensor Market: Drivers and Restraints:
The global 3D sensor market is expected to witness lucrative growth during the forecast period. Factors that are driving the growth of the global 3D sensor market are advancement into sensor technology due to constant R&D activity, increasing demand for 3D sensor-equipped consumer electronics devices, growing consumer acceptance of wearable electronic devices, increasing demand for 3D sensing games and rising need of advanced security and surveillance camera.

On the other hand, a few factors are restraining the growth of the global 3D sensor market such as lack of product differentiation, heavy maintenance cost, and limited manufacturing excellence. However various market opportunities such as developing retail and media applications and integration of nanotechnology with 3D sensors in a range of applications are expected to boost the global 3D sensor market.

3D Sensor Market Segmentation:

By Product Type:

Position Sensors
Pressure Sensors
Image Sensors
CMOS 3D Image Sensors
3D Electro-Optical Image Sensors
3D Time of Flight Image Sensors
Temperature Sensors
Others

By Technology:

Structured Light
Ultrasound
Stereo Vision
Time of Flight Technology

By Application:

Consumer Electronic Application
Medical Application
Automotive application
Industrial Application
Media & Entertainment Application
Aerospace & Defence Application
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Nandini Singh Sawlani

Low Migration Inks Market worth US$ 2.8 Billion by 2033: Exclusive Research Report

Low migration inks are specialized printing inks designed for use in food packaging applications to ensure that the printed materials do not transfer harmful substances to the packaged food. Migration refers to the transfer of ink components from the packaging material to the food, which can be a concern for consumer safety.

The low migration inks market is poised for significant expansion, with an estimated market size reaching US$ 1.4 billion by the year 2023. This growth trajectory is anticipated to continue robustly throughout the forecast period, which extends until 2033, ultimately surpassing a valuation of US$ 2.8 billion. The market is expected to exhibit remarkable growth, with a notable compound annual growth rate (CAGR) of approximately 6.9% during the forecast period. This impressive growth is fueled by various factors driving the demand for low migration inks across industries, including food packaging and labeling.

The increasing demand for sustainable packaging solutions is driven by heightened awareness of the environmental repercussions associated with packaging waste. In response, many industries are turning to low migration inks, particularly when combined with eco-friendly packaging materials like paper or cardboard. This strategic pairing not only contributes to the creation of fully recyclable or biodegradable packaging solutions but also serves to enhance sales by meeting the growing consumer preference for eco-conscious products.

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Key points about low migration inks:

Compliance with Regulations: Low migration inks are formulated to comply with stringent regulations and guidelines set by food safety authorities. These regulations aim to protect consumers by minimizing the risk of harmful substances transferring from packaging to food.
Components and Formulation: These inks are typically made with components that have low volatility and are less likely to migrate into the packaged food. Common formulations include using specific types of pigments, resins, and additives that meet food safety standards.
Migration Testing: Inks used for food packaging must undergo migration testing to assess their safety. This involves simulating the conditions under which migration could occur, such as exposure to heat or moisture, and analyzing the extent to which ink components migrate.
Printing Processes: Low migration inks are suitable for various printing processes, including flexographic, gravure, offset, and digital printing. The choice of ink depends on the specific printing method and the substrate used in the packaging.

Market Opportunities

The surging demand for low migration inks in emerging markets across Latin America and Southeast Asia presents manufacturers with lucrative investment prospects.

Manufacturers stand to benefit from developing low migration inks with minimal or no odor, as this innovation prevents the scent of the ink from transferring onto packaged products, ultimately boosting sales.

The integration of low migration inks featuring accelerated printing and drying speeds has the potential to significantly enhance production capabilities. This efficiency improvement not only streamlines the manufacturing process but also creates opportunities for the exploration of new markets and increased product output.

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Market Players:

INX International Inks Co.
Birla Carbon
Marabu GmbH and Co. Kg
Sun Chemicals
Huber Group
Kao Collins Inc.
Siegwerk AG & Co. KGaA
Hapa AG
Epple Druckfarben AG
Nazdar Ink Technologies
Durst Group AG

Market Outlook by Category

By Source:

Pigments
Resin
Solvents
Additives
Varnishes and Coatings

By Product Type:

UV Curable Inks
Solvent-based Inks
Water-based Inks
Digital Inks
Metal Decorating Inks

By Printing Process:

Flexography
Gravure
Offset Lithography
Digital

By End Use:

Food
Pharmaceuticals
Personal Care and Cosmetics
Tobacco
Homecare
Chemicals
Other Industrial

By Region:

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

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T: +1-845-579-5705
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Turkey Medical Tourism Market Surges to US$ 6,670.5 Million, Aiming for a 5.92% CAGR by 2033 | FMI

According to Future Market Insights (FMI), the turkey medical tourism market is expected to grow at a CAGR of 5.92%. The market value is projected to increase from US$ 3,751.6 million in 2023 to US$ 6,670.5 million by 2033.

Turkey is fast becoming one of the major destinations for medical tourism due to the low treatment prices as compared to other nations. A secure and safe environment, established hospitals, skilled doctors and right climate conditions are some of the factors that determine the potential of a medical tourism destination.

There are two unique and imperative explanations behind individuals who travel abroad for medical purposes – high treatment costs in native country and seeking better nature of medicines. Turkey is known for its historical, cultural and natural beauty that attracts tourists to visit the country. Turkey comes first in the minds of patients who look for both medical treatment and holidays at the same time.

Turkey is known to be one of the best health care destinations because it provides world class certified staff, good hospitals and a tourist friendly environment. Some of the major treatments offered by well-known hospitals in Turkey include plastic surgery, dental treatment, cosmetic surgery, electric surgery, hair transplants, in-vitro fertilisation, eye surgery, cardiology and cardiovascular surgery, orthopaedics and traumatology.

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Key Trends in Turkey Thriving Medical Tourism Market

Turkey has emerged as a prominent player in the global medical tourism sector, captivating the attention of international patients seeking high-quality healthcare services. As the demand for medical tourism grows, several key trends are shaping the landscape of Turkey’s medical tourism market.

Advanced Healthcare Infrastructure: Turkey has heavily invested in modern healthcare infrastructure, boasting state-of-the-art facilities and cutting-edge medical technology. Internationally accredited hospitals and clinics equipped with the latest medical advancements attract medical tourists seeking top-tier healthcare services.
Specialized Medical Services: The country offers a wide array of specialized medical services, including cosmetic surgery, dental treatments, fertility treatments, and cardiovascular procedures. Turkey’s medical professionals are renowned for their expertise, ensuring patients receive world-class treatment across various medical disciplines.
Competitive Pricing and Cost Savings: One of the key drivers for medical tourists flocking to Turkey is the competitive pricing of medical procedures compared to Western countries. Affordable healthcare services, coupled with high standards, result in significant cost savings for international patients without compromising quality.

Medical Tourism in Turkey: Restraints

However, medical tourists visiting Turkey find it difficult to communicate with locals and health care professionals at the time of their visit. People find it difficult to get the necessary information about good hospitals and skilled medical professionals and more legal framework and complex processes are involved here. Medical tourism facilitators enable the foreign travellers to overcome these challenges and act as a representative of the tourists in the destination throughout the treatment process.

Medical Tourism in Turkey: Top Cities

The three top most cities known for their health care facilities in Turkey are Istanbul, Ankara, and Izmir, offering one-stop services to a large number of patients coming from other countries beginning from the day of meeting with the health care professional to the day of departure.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

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The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

Key Players:

Acibadem Hospitals Group
Memorial Hospital Group
Florence Nightingale Hospitals
Medicana International Hospital
American Hospital
Liv Hospital
Hisar Intercontinental Hospital
Medical Park Hospitals Group
Baskent University Hospitals
Anadolu Medical Center

Key Segments Profiled in the Turkey Medical Tourism Market Survey

By Booking Channel:

Phone booking
Online booking
In person booking

By Consumer Orientation:

Men
Women
Children

By Age group:

15-25 years
26-35 years
36-45 years
46-55 years
56-65 years
66-75 years

By Tour type:

Independent traveller
Tour Group
Package Traveller

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

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

Jan 2, 2024Leave A CommentPress Release

Turkey Medical Tourism Market