FMI Study States Global Edge Bending Machine Market Projected to Exceed US$ 385.6 Million by 2032, Witnessing a Steady 3.1% CAGR Growth

The global edge bending machine market is experiencing a significant upsurge, poised to surpass a valuation of US$ 385.6 million by 2032, driven by a steady Compound Annual Growth Rate (CAGR) of 3.1% from 2022 onwards. This growth trajectory, initiated by the expanding applications of these machines across various manufacturing sectors, reflects a notable increase from its estimated value of US$ 284.1 million in 2022.

A crucial factor fueling this expansion is the predominant influence of North America within the global edge bending machine market. This dominance is characterized by several key drivers, including a substantial rise in sales volumes across pivotal industries such as automotive and heavy manufacturing. The surge in demand within these sectors can be attributed to factors such as infrastructure development, a flourishing automotive market, and the proliferation of manufacturing activities across the United States, Mexico, and Canada.

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Substrate bending is a fundamental and integral process within the manufacturing industry. Much like other phases of product development, bending alters the configuration of the workpiece while maintaining its original material volume. Edge bending procedures, however, diverge in their methodologies for inducing plastic deformation in the substrate. In this context, attributes such as workpiece material, thickness, and dimensions significantly influence the process.

Bending serves multifaceted purposes, including enhancing the strength and rigidity of sheets or plates, as well as eliminating sharp edges. Furthermore, the edge bending process facilitates the concealment of raw substrate edges through the application of a thin PVC or resinous strip. Tailored for both contoured and straight panel edge bending, edge bending machines contribute to refining the aesthetic aspect of solid or valuable materials. In contrast to conventional methods, which involved manual processes and basic tools, modern edge bending machines bring efficiency and precision to this operation.

Market Drivers and Constraints in the Edge Bending Machine Industry:

The expansion of industrial operations, surging demand for premium furniture, continuous advancements in manufacturing technology, and the rising necessity for automated industrial machinery to curtail waste and enhance productivity stand as primary catalysts propelling the global edge bending machine market’s growth.

Furthermore, the market is buoyed by cutting-edge attributes, including heightened versatility, user-friendly interfaces, precision equipment functionality, and the potential to integrate scraping and brushing components. These features contribute significantly to the foreseeable upswing in the edge bending machine market. However, potential substitutes like molding and face frames could impose constraints on the market’s expansion trajectory throughout the forecast period.

Leading Players in the Edge Bending Machine Market:

The edge bending machine market boasts a roster of notable participants, including SCM Group, SIMCO Industrial Machinery Trd Co Ltd., NTF Korfhage Maschinenbau GmbH, Edge Finisher Co., Yadav Tools Company, Gelber-Bieger GmbH, Adamik Company, Intimate Machine Tools Company, Felder Woodworking Machines Private Limited, Shree Umiya F-Tech Machines Ltd, Shandong Hicas Machinery (Group) Co., Ltd., Kreutz & Mock GmbH, among others.

Key Developments in the Competitive Landscape:

Delta, a prominent player in the market, introduced a high-speed edge banding machine solution in March 2021, aimed at enhancing the quality and appearance of bendings.

In October 2021, SCM Group unveiled the Stefani x Single-sided automatic edge banders. This innovative solution is designed to deliver top-tier processing quality for a wide range of panels and materials, aligning with the demands of a digitally connected and integrated factory.

Mayr-Melnhof Holz, based in Leoben, Austria, executed an agreement in December 2021 to acquire the Swedish sawmill group Bergkvist Siljan from ESSVP IV, with advisory support from Orlando Nordics AB. This strategic move aligns with the consistent expansion and growth strategy of the Austrian wood processing group.

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Key Segments:

Material Type:

  • Polyvinyl Chloride (PVC)
  • Acrylonitrile-Butadiene-Styrene (ABS)
  • Melamine
  • Wood Veneer
  • Acrylic
  • Others

By Product Type:

  • Portable
  • Non-Portable

By Flanges Type:

  • Straight Flange
  • Stretch Flange
  • Shrink Flange

By End Use:

  • Furniture
  • Healthcare
  • Automotive
  • Electronics and Electrical
  • Packaging
  • Other End Uses

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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FMI Analysis Predicts Global Vibration Control Systems Market Expected to Exceed US$ 9.01 Billion Valuation by 2032, Riding 6.2% CAGR Growth

The global vibration control systems market is on track for significant expansion, with an anticipated annual growth rate of 6.2% Year-on-Year (Y-o-Y), aiming to reach a substantial valuation of US$ 9.01 billion by 2032.

Despite facing challenges such as supply chain disruptions, particularly affecting sectors like automotive, aerospace, and healthcare equipment manufacturing from 2020 to 2022, the market has exhibited resilience. This resilience highlights the pivotal role of vibration control systems in ensuring operational stability, enhancing product quality, and promoting workforce well-being across diverse industries. The market’s adaptability and capacity to thrive amidst evolving landscapes underscore its critical importance in sustaining the efficiency and reliability of various industrial processes.

Amidst this dynamic landscape, the remarkable resilience of the vibration control systems market positions it as a crucial component, safeguarding operational stability, product quality, and workforce well-being as industries navigate challenges and adapt to change.

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Vibration Control System Market Expands Driven by Diverse Industries and Technological Advancements:

The adoption of vibration control techniques is notably gaining traction in the electronics, electrical, and industrial goods manufacturing sectors, contributing to the positive trajectory of the vibration control systems market. This trend is further augmented by the increasing recognition of the significance of safeguarding mechanical structures, along with growing interest in deploying active vibration control across various industrial domains. Advancements in the automobile and aerospace industries also play a pivotal role in propelling the vibration control system market forward.

The upward trend is also attributed to a rise in per capita utility spending and increased government investments in vital end-use industries. Notably, progress observed across various end-use sectors is anticipated to encourage manufacturers to diversify their product offerings, thus augmenting the expansion of the vibration control system market throughout the forecast period.

An FMI analyst commented, “The increasing adoption of vibration control systems across end-use industries such as oil & gas, transportation, and utilities is expected to be a major driver for market growth in the foreseeable future.”

Key Insights:

  • The integration of Industrial Internet of Things (IIoT) is set to unlock new possibilities in the market.
  • Robust growth in the transportation and utility sectors is propelling the vibration control system market in the United States.
  • Russia is poised to offer lucrative opportunities for market expansion.
  • China is anticipated to maintain dominance in the Asia Pacific vibration control systems market.

Competitive Landscape:

The vibration control system market boasts a diverse landscape, with major players including HUTCHINSON, DynaTronic Corporation Ltd., Cooper Standard, GERB, Technical Manufacturing Corporation, and others as profiled in the comprehensive report. Leading industry participants prioritize product innovation and development to cater to evolving consumer needs. Collaborations and partnerships are common strategies employed by these organizations to secure a competitive edge in the market.

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Vibration Control Systems Market by Segmentation:

By System:

  • Vibration Controls
    • Isolating Pads
    • Isolators (Metal, Rubber)
    • Couplings (Spool, Shear, Bolt, Bush)
    • Anti-Vib Cylinders (Male, Female)
  • Motion Controls
    • Springs (Air, Coil)
    • Hangers
    • Washers & Brushes
    • Mounts (Hydraulic, Pneumatic)
  • Automation Control
    • Absorber (Miniature, Industrial, Heavy Industrial)
    • Dampers (Hydraulic, Pneumatic, Damping Pads)

By End User:

  • Mining & Quarrying
  • Oil & Gas
  • Utilities
  • Transportation
  • Food Manufacturing
  • Bev. & Tobacco
  • Textile Mills
  • Bi-Products
  • Chemical Manufacturing
  • Electrical Equipment
  • Machinery Manufacturing

By Sales Type:

  • O.E.M
  • Aftermarket

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 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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Global Eco-Friendly Paper Plates Market to Witness Remarkable Growth, Fueled by Rising Environmental Awareness and Government Initiatives

The global eco-friendly paper plates market is poised for substantial growth, with projections indicating a valuation of US$ 1.17 billion in 2023 and further expansion at a Compound Annual Growth Rate (CAGR) of 4.50% from 2023 to 2033. By 2033, the market is anticipated to reach US$ 1.82 billion, driven by increasing consumer awareness about environmental sustainability and government initiatives aimed at reducing single-use plastic products.

The market is witnessing a surge in sales of eco-friendly paper plates, with the top 5 providers expected to hold 20 to 25% of the global market share in 2023. The plain segment is projected to remain at the forefront, fueled by the growing adoption of plain paper plates by various food service providers worldwide.

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Key Trends Augmenting Demand for Sustainable Paper Plates:

  1. Increasing Concerns about Plastic Waste: Growing awareness about the detrimental impact of plastic waste on the environment is driving consumers towards eco-friendly alternatives. A survey conducted by DS Smith revealed that six out of ten people are willing to invest in food products with less plastic packaging. This shift in consumer behavior, coupled with heightened awareness on social media platforms, is expected to propel the demand for eco-friendly paper plates in the global food industry.
  2. Governmental Ban on Plastic Products: Governments worldwide are implementing bans on single-use plastic products to curb plastic pollution. The European Union and several states in the United States and Canada have already enacted legislation to restrict the use of single-use plastics. This regulatory environment, coupled with government initiatives to promote eco-friendly alternatives, is expected to drive the demand for sustainable packaging solutions like eco-friendly paper plates.

Key Takeaways from Eco-friendly Paper Plates Market

  • By size, the less than 8 inches segment is projected to account for 49% of the global market share by the end of 2022.
  • Based on end use, the commercial segment is projected to register a CAGR of 4.9% during 2022-2032.
  • Europe and East Asia are collectively estimated to hold around 45% of the market share by the end of 2032.
  • The U.S. eco-friendly paper plates market is projected to create an absolute $ opportunity of US$ 69.1 Mn during 2022-2032.
  • The Germany eco-friendly paper plates market is anticipated to grow 1.4 times the current market value during the forecast period.

“Surging demand for convenient and environmentally friendly packaging solutions in the food and food service industries is anticipated to augment sales of eco-friendly paper plates. Also, increasing need for cost-effective and high-quality packaging solutions is anticipated to create new growth opportunities for key manufacturers of eco-friendly paper plates,” says a FMI analyst.

Launch of Unique Compostable Paper Plates to Drive the Global Market

Innovation is crucial as it helps companies to strengthen their positions in the market, thereby creating better opportunities and connections with their customers. There is a high scope of opportunity for innovation in the eco-friendly paper plates market. Rising demand for excellent quality food service products is anticipated to aid growth.

Use of paper plates rather than plastic plates can help overcome various limitations of plastics and expand the eco-friendly paper plates market. Eco-friendly paper plate manufacturing companies are investing in R&D and continuously introducing new products to cater to changing customer demand. Huhtamaki Fresh, for instance, launched an eco-friendly food plate and tray, which are microwaveable and a green solution for consumers. Product enhancement is important for companies since it improves the attractiveness of their products and helps to attract more customers.

Oy Mini-Maid AB also produced paper plates that are recyclable, compostable, and biodegradable in nature. Thus, ongoing innovations in the field of eco-friendly paper plates will attract the attention of more consumers and bolster sales in the global market.

Competitive Landscape: Eco-friendly Paper Plates Market

  • Huhtamaki Oyj,
  • Graphic Packaging International, LLC,
  • Pactiv LLC.,
  • Dart Container Corporation,
  • Oy Mini-Maid Ab,
  • HOSTI GmbH,
  • Itterra A.S.,
  • Natural Tableware,
  • Duni Group Global,
  • Gafbros Ltd.,
  • Dinearth Eco-Friendly Tableware, and
  • Pappco Greenware

are some of the key players operating in the eco-friendly paper plates market. As per FMI, tier 1 players hold about 15-20% of the global eco-friendly paper plates market share.

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Eco-friendly Paper Plates Market Outlook by Category

By Size:

  • Less than 8 inches
  • 8 inches to 12 inches
  • More than 12 inches

By Product Type:

  • Partition
  • Plain

By Sales Channel:

  • Business to Business (B2B)
  • Business to Consumer (B2C)

By End Use:

  • Commercial
  • Institutional
  • Household

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa (MEA)
  • Oceania

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global Bamboo Packaging Market Soars: Reaches US$ 950.3 Million in 2033, Poised for Further Growth

The global bamboo packaging market is poised for remarkable expansion, driven by the increasing adoption of sustainable and eco-friendly packaging solutions. With a projected Compound Annual Growth Rate (CAGR) of 6.4%, the market is set to enjoy a valuation of US$ 950.3 million by 2033, compared to its current valuation of US$ 511 million in 2023, as reported by Future Market Insights (FMI).

Bamboo packaging, renowned for its eco-friendly properties and versatility, has garnered significant traction in various industries, including food service, cosmetics, and personal care. The cups & straws segment is anticipated to dominate the market, holding around 24% of the market value share by the end of 2033, driven by increasing demand from food service providers and the widespread adoption of sustainable packaging solutions.

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According to FMI, the global bamboo packaging market totaled US$ 480.3 million in 2022, with the top 3 countries accounting for around 35 to 40% of the market share. The market is projected to witness substantial growth, with sales of bamboo packaging expected to create an incremental growth opportunity of US$ 414.8 million during the forecast years.

Key Market Drivers:

  1. Sustainability and Eco-Friendliness: The increasing demand for sustainable and eco-friendly packaging solutions is a primary driver of market growth, with bamboo packaging emerging as a preferred choice among consumers and businesses alike.
  2. Rising Applications in Various Industries: Bamboo packaging finds extensive applications in the food & beverage and cosmetics & personal care industries, driven by its versatility, durability, and aesthetic appeal.
  3. Regional Opportunities: South Asia and East Asia are anticipated to be the most remunerative markets for bamboo packaging, owing to the easy availability of bamboo material and its rising applications across industries.

Growing Sustainability Concerns to Push Demand in the Market

Increasing environmental concerns have increased the preference for sustainable packaging across the globe. Consumers are becoming more aware of the effects of plastic and single-use packaging on the surroundings. Bamboo packaging is a replacement for metal or plastic packaging as it grows without the need for pesticides.

Bamboo packaging can be composted easily and sustainability is in every process connected with the production. Hence, various manufacturers are also replacing plastic packaging with bamboo packaging to achieve sustainability. For instance, Dell has started using bamboo packaging to protect laptops. They have started using bamboo for interior cushioning. Thus, rising awareness regarding sustainability is fuelling the demand for bamboo packaging.

Further, government organizations are also providing support to bamboo packaging manufacturers. According to the report by International Bamboo and Rattan Organisation, in 2021, various representatives from government and non-government organizations took part in the event to discuss bamboo as an alternative material to plastic.

China’s recent policies saw restrictions and a ban on the import of plastic waste. China is ready to replace plastic with bamboo packaging. Thus, various efforts from the government and various other organizations are propelling the growth of the bamboo packaging market.

Bamboo Packaging Market Landscape

The key players operating in the global bamboo packaging market are HuhtamakiOyj, APackaging Group., Pi sustainable packaging Co., Ltd., Bloom Eco Packaging Co., Ltd., Golden Arrow, Inc., and Three Bamboo. Also, some of the other noticeable players in the market are Xiamen HBD industry & trade CO., LTD, Meysher Industrial Group, Sunkea, GUANGZHOU HUIHUA PACKAGING PRODUCTS CO. LTD, Ningbo Willest International Trading Co., Ltd., Yiwu Cool Commodity Co., Ltd., BeGreen Packaging, Bio Transito SAS Ltd, and others.

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Bamboo Packaging Market by Category

By Pulp Type:

  • Recycled Pulp
  • Virgin Pulp

By Packaging Type:

  • Cups & Straws
  • Bottles & Jars
  • Boxes & Cartons
  • Clamshell
  • Tubes
  • Mailers
  • Barrels
  • Crates
  • Pallets
  • Others (Bowls, Plates, etc.)

By End Use Industry:

  • Foods & Beverages
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • E-Commerce
  • Automotive
  • Agriculture

By Region:

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

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 400 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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Network Management System Market to Surge at 8.6% CAGR, Reaching US$21 Billion by 2032

The global Network Management System (NMS) market is set to witness robust growth over the next decade, with a projected Compound Annual Growth Rate (CAGR) of 8.6% between 2022 and 2032. As per market forecasts, the market size is anticipated to surge from US$ 9.1 Billion in 2022 to an impressive US$ 21 Billion by 2032.

In today’s technologically-driven business landscape, the effective management of networks holds paramount importance, especially for enterprises operating in the IT sector. The proficient handling of networks ensures uninterrupted service delivery, seamless internal and external communication, and overall operational continuity. The upcoming wave of network management systems promises enhanced trajectory management capabilities, poised to revolutionize network operations.

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The evolution of networks has been transformative due to rapid technological advancements. Network administrators now face the challenge of maintaining complex networks that consist of diverse hardware and software components, manufactured by various vendors and distributed globally. This burgeoning demand for Network Management System products that cater to the burgeoning industry needs, offering automated network management solutions, is a major driver behind the market’s growth.

Key Takeaways:

  • Projected CAGR of 8.6% for the Network Management System market between 2022 and 2032.
  • Market size estimated to grow from US$ 9.1 Billion in 2022 to US$ 21 Billion by 2032.
  • Evolution of networks and technological complexity drives demand for efficient NMS solutions.
  • Multinational corporations prioritizing secure and user-friendly network management solutions.
  • Small and medium-sized enterprises inclined towards on-premise NMS deployments for enhanced support.

Competitive Landscape  

BMC Software, Cisco, CA Technologies, AppNeta, Extreme Networks, Accedian, HelpSystems, Ipswitch, Kentik, Micro Focus, NETSOCUT, Nokia, Riverbed Technology, SolarWinds, VIAVI Solutions, Flowmon Networks, Paessler, Colasoft, and Cubro Network Visibility are among the major players in the network management system (NMS) market.

Global wireless communication solution providers and network equipment manufacturers are launching new network monitoring and management solutions to help operators manage their networks more efficiently.

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Recent Developments 

  • In February 2017, Ericsson unveiled as a service that assists operators in their travels to virtualization, SDN, and 5G network transformations. Nokia released the NetAct Cloud network management technology in May 2016, allowing operators to deploy new network capabilities with minimum downtime. The technology is capable of handling 5G network needs and offers total mobile network control.
  • In January 2017, the Chinese government lowered subsidies and relaxed laws in order to encourage more private investment in order to strengthen its internet services.
  • Riverbed Technology, Inc. formed a collaboration agreement with Huawei Technologies Co., Ltd in 2017 to supply Huawei CloudEPN with Riverbed SteelHead integrated solutions that may assist clients in simplifying network administration in the cloud era.

Key segments

By Component:

  • Platform
  • Solutions
  • Services

By Deployment Type:

  • Cloud
  • On-Premises

By Organisational Size:

  • Large Enterprise
  • Small & Medium Sized Enterprise

By End Use:

  • Service Providers
  • Verticals

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • Middle East & Africa

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Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 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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Securing the Future: Mobile Payment Data Protection Market Surges with a 12.3% CAGR from 2022 to 2032

The market for mobile payment data protection is expected to develop at a compound annual growth rate (CAGR) of 12.3% between 2022 and 2032. By 2022, the global market for mobile payment data protection is expected to be valued US$ 603.9 billion. A US$ 1.9 trillion expansion of the market is anticipated.

Mobile payment data security software is becoming more and more necessary as digital payments become more popular and fraudulent activities involving these transactions rise. This software safeguards mobile data, including photos and videos, as well as administrative data like messages and account numbers.

Mobile payment data security technology, which safeguards the payment gateways, is used by smartphone makers and payment vendors in response to malicious actions such as cyber-attacks connected to e-commerce purchases. This increases the need for solutions that safeguard mobile payment data.

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Covid-19 pandemic has pushed the companies to shift from regular payments options to the quick online money transfer options, the growing threat to company’s data and accounts go along. The mobile payment data protection platform comes into play here and helps them to have control over each payment touchpoint.

JP Morgan states that nearly 75% of the organizations have faced a payment fraud attack, rising concerns over the company’s data, recruitment data and compliance, and expanding the mobile payment data protection market in new market spaces.

Vendors providing end-to-end encryption and payment protection along with CyberSource for e-commerce platforms, making multiple transactions closed chain, enhancing the device-based security in changing dynamics of payments.

KEY TAKEAWAYS:

  • The payment security solution segment is the biggest segment in the mobile payment data protection market by offering and is likely to hold the most lucrative space in the forecast period, owing to the increased payment applications and cyberattacks.
  • The Digital wallet segment holds the prominence in mobile payment data protection market by payment mode category and is expected to be the biggest in the forecast period. Its growth is attributed to the factors like QR based transactions and wallets being attached to multiple platforms like Netflix etc.
  • The services segment is the largest segment in the mobile payment data protection market by component, while the small and medium enterprises (SMEs) segment performs better in the market by organization size.
  • North America region is the biggest market in the mobile payment data protection market, attributed to higher phishing attacks, cyberattacks and fraudulent activities, while the APAC region is the highest growing region in the market.

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https://www.futuremarketinsights.com/reports/mobile-payment-data-protection-market

KEY PLAYERS:

  • Google (Alphabet Inc.)
  • Samsung Electronics Co. Ltd.
  • Visa Inc.
  • Alibaba Group Holdings Limited
  • PayPal Holdings Inc.
  • WeChat (Tencent Holdings Limited)
  • American Express Company
  • M Pesa
  • Money Gram International
  • Amazon.com Inc.
  • Apple Inc.

RECENT DEVELOPMENTS

  • CyberSource Corporation has introduced its mobile payment data protection solution for different types of end-users that takes care of Payment Acceptance, Fraud Management and payment Security, increasing the demand for mobile payment data protection platforms.
  • Transaction Network Service (TNI) has extended its mobile payment data protection services like ADVAM Products, TNSOnline and TNSPay Protect, providing the control to admin over the payment touchpoints.

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KEY SEGMENTS

By Product:

  • Contactless Tokenisation
  • Remote Tokenisation

By End User:

  • Telecom & Information Technology
  • Banking & Financial Service
  • Government
  • Transportation
  • Retail
  • Entertainment and Media
  • Other End User Industries

Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Accounting Software Market Soars to USD 14.1 Billion by 2032: Future Market Insights

According to a recent report by Future Market Insights (FMI), the market for accounting software is expected to reach a valuation of US$ 14.1 billion in 2032, growing at a compound annual growth rate (CAGR) of about 5.8%. The market is anticipated to reach US$ 8.0 billion by the end of 2022.

The software category is composed of the commercial off-the-shelf, enterprise accounting, custom accounting, reconciliation, and tax management software divisions. The firm accounting software market is predicted to develop at a 6.8% annual pace and reach US$ 5.2 billion in value by 2032.

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

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

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

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

Key Takeaways from the Accounting Software Market Study

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

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

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Who is winning?

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

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

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

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

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Global Accounting Software Market by Category

By Deployment:

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

By Software Type:

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

By Application:

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

By Enterprise Size:

  • Large Enterprise
  • Small and Medium Enterprise

By Industry:

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

By Region:

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

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Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 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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Global Digital Telepathology Industry Poised for Explosive Growth at 9.7% CAGR, Reaching US$1.96 Billion by 2033 | FMI Analysis

Global Digital Telepathology Industry
Global Digital Telepathology Industry

The Global Digital Telepathology Industry is on the cusp of a transformative era, poised to revolutionize healthcare practices worldwide. Driven by technological advancements and its critical role in diagnostics, the market is expected to witness a significant surge, reaching an estimated US$776.8 million by 2023.

Digital Telepathology on the Rise

Fueled by its numerous applications, digital telepathology is experiencing remarkable growth. Top market experts predict a stellar Compound Annual Growth Rate (CAGR) of 9.7% for digital telepathology equipment sales from 2023 to 2033. This trajectory highlights the sector’s immense potential, with market projections reaching a staggering US$1.96 billion by 2033.

The rise of the Global Digital Telepathology Industry is emblematic of the digital age, propelled by relentless innovation in information technology. This groundbreaking field harnesses telecommunications technology to transmit pathology data seamlessly across vast distances, facilitating diagnosis, education, and research endeavors.

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Global Digital Telepathology Industry Drivers

Undoubtedly, the global information technology revolution will serve as a major driving force for the Global Digital Telepathology Industry. While developed countries already possess robust digital infrastructure, Internet penetration is rapidly expanding in developing regions. Digital Telepathology will enable pathologists to examine, diagnose, and research patients from remote areas within their country and worldwide. A second crucial factor is the flexibility and ease of obtaining a second opinion. The Digital Telepathology market will enable pathologists from any part of the globe to consult with their peers in other nations, ensuring accurate diagnosis. The World Health Organization estimates that cancer cases will increase by approximately 70% over the next two decades, with roughly 1.4 million cases undiagnosed. Therefore, timely and accurate diagnosis will be critical in saving millions of lives. The third anticipated driver of the Digital Telepathology market is the expected increase in digitization in the research sector. Digital pathology is advantageous in medical education, histopathology, and the examination of frozen section specimens. Pathologists can convert physical data into digital files using digital technology, reducing the need for physical storage and increasing efficiency while reducing costs.

Global Digital Telepathology Industry Restraints

The Digital Telepathology business is plagued by various issues, the most serious of which is cost. The expense of Digital Telepathology equipment will almost certainly be an impediment in developing countries. Government reimbursements are typically unavailable, making the initial outlay onerous. Another issue is concerns regarding regulatory compliance. Because Digital Telepathology straddles the line between medicine and technology, legislation in each country will differ. Pathologists could also be against it. Few pathologists today can truly operate these devices, and many are skeptical of the outcomes. These are some of the factors contributing to the current tiny size of the Global Digital Telepathology Industry.

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Digital Telepathology Industry Key Regions

North America, the EU, Asia-Pacific, MENA, and the rest of the world are the primary geographic regions served by the Digital Telepathology market. North America is the largest market, with moderate growth expected over the next decade. This is owing to a robust healthcare system, legislation such as the Affordable Treatment Act, the high occurrence of various cancers, and an aging population in need of medical treatment. It is also aided by world-class medical education and research facilities, the quick embrace of technology, and the availability of government reimbursement in these key disciplines. Europe is the second largest market but is expected to remain flat or post negative growth. However, the high prevalence of cancer in this region will ensure that there remains a strong future for the Digital Telepathology market there. Asia-Pacific is anticipated to be the market of the future mainly because of China, India, and Japan.

Global Digital Telepathology Industry Key Market Players 

Some companies involved in the Global Digital Telepathology Industry include Leica Biosystems, Ventana Medical Systems, Inc., GE Healthcare, Olympus Corporation, Philips Healthcare, MikroSkan Technologies, Inc., and many others.

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, types, and applications.

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Key Segments of Global Digital Telepathology Industry Survey

By End User:

  • Pharmaceutical And Biotech Companies
  • Hospitals
  • Academic And Research Centers
  • Others

By Application:

By Region:

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

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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 is 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 400 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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5G Security Market Surges: Hits US$ 12.5 Billion by 2032, Fueled by 26.4% CAGR, Reports Future Market Insights

The global 5G security market, valued at US$ 1.2 Billion in 2022, is set to experience remarkable growth, reaching an estimated US$ 12.5 Billion by the year 2032. These findings emerge from a comprehensive research study conducted by Future Market Insights, showcasing a robust Compound Annual Growth Rate (CAGR) of 26.4% spanning the years 2022 to 2032.

Solutions include the equipment required to guarantee safety. Some tools that are utilised to provide 5G security include next-generation firewalls, data loss prevention, antivirus/antimalware, DDoS protection, security gateways, and sandboxing.

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DLP instruments help to design data loss prevention methodologies by giving pre-portrayed approach controls to follow the advancement of data. It also hinders unapproved sharing, corrupting, as well as pull of data. The data loss is mainly done via malware attack and taking control of the system. According to Verizon’s 2021 Data Breach Investigations Report, malware was involved in nearly 15% of data breach. To reduce the malware attacks and security breaches companies are focussed in 5G technology.

With the growing concern of consumers worldwide regarding their health and their growing annual healthcare budget, healthcare stakeholders are becoming richer every day. But, at the same time with the evolution of new technologies and their need for speed and automation have made them vulnerable to cyber threats.

5G capabilities have added numerous advantages to healthcare sector including speed, capacity, hyper-connectivity, low latency, and data-driven insights. The higher speed and lower latency offered by 5G can be a boon to the cyber attackers as it offers them opportunity to access more data due to hyper-connectivity.

Key Takeaways from the 5G Security Market Study

  • 5G Non-standalone is expected to hold the largest share in the architecture segment and is expected to grow at a CAGR of 24.9% in forecast period.
  • The U.S. holds a growth of CAGR 25.9% from 2022 to 2032.
  • The solutions segment is expected to emerge as the fastest-growing segment, registering a CAGR of 25.8% from 2022 to 2032.

Drivers and Opportunities

The market’s unprecedented growth is driven by the convergence of technological innovation and pressing security concerns. The widespread adoption of 5G technology across industries amplifies the need for comprehensive security solutions, propelling market expansion. Additionally, the rise of the Internet of Things (IoT) and the proliferation of connected devices create a conducive environment for the 5G security market to flourish.

Competition Analysis

The 5G security landscape is characterized by a competitive market space featuring prominent players committed to offering state-of-the-art security solutions. Industry leaders are investing in research and development to deliver cutting-edge products that safeguard against emerging threats, while also focusing on strategic collaborations to consolidate their market presence.

Regional Trends

The growth of the 5G security market is not confined to a specific region; it exhibits a global trend. North America, Europe, Asia-Pacific, and other regions are witnessing substantial investments in 5G infrastructure, thus driving the demand for effective security measures to protect these critical networks.

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Global 5G Security Market by Category

By Component:

  • Solutions
    • Next-Generation Firewall
    • Data Loss Prevention
    • Antivirus/Antimalware
    • DDoS Protection
    • Security Gateway
    • Sandboxing
    • Others
  • Services
    • Consulting Services
    • Implementation Services
    • Support and Maintenance Services

By Network Component Security:

  • RAN Security
  • Core Security

By Architecture:

  • 5G NR Non-standalone
  • 5G NR Standalone

By End User:

  • Telecom Operators
  • Enterprises

By Deployment Type:

  • Cloud
  • On-Premises

By Vertical:

  • Manufacturing
  • Healthcare
  • Energy and Utilities
  • Retail
  • Automotive and Transportation
  • Public Safety
  • Media and Entertainment
  • Others

By Region:

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

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Author:

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 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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Global Healthcare Interoperability Solutions Market Poised for Exponential Growth, Projected to Reach US$ 16.2 Billion by 2033 at a 14.5% CAGR

Healthcare Interoperability Solutions Market
Healthcare Interoperability Solutions Market

The global healthcare interoperability solutions market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 14.5% predicted to drive the market to a US$ 16.2 billion valuation by the end of 2033. Compared to the US$ 3.7 billion recorded in 2022, this exponential development trend represents a significant increase.

In order to provide smooth data interchange and integration between various healthcare platforms and systems, healthcare interoperability solutions are essential. The need for interoperable solutions is developing rapidly due to the increasing digitization of healthcare records and the growing emphasis on patient-centric care delivery.

Interoperability solutions play a crucial role in modernizing healthcare systems by facilitating the exchange of electronic health records (EHRs) and other health-related information across different healthcare providers, systems, and settings. With the increasing emphasis on patient-centered care and data-driven decision-making, interoperability solutions have become essential for improving care coordination, enhancing patient outcomes, and reducing healthcare costs.

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According to the latest healthcare interoperability solutions market survey report by Future Market Insights, the global market has huge growth potential since the demand for healthcare is rising. It has been observed that specifically in developed economies, healthcare expenses have risen over the past few years. The Organization for Economic Co-operation and Development (OECD) estimates that in developed countries, public spending on healthcare and long-term care accounted for around 6% of GDP in 2018 and is projected to increase to 9% by 2030 and 14% by 2060. As the world’s population ages and life expectancy increased, interoperability and data sharing will be more essential to providing better healthcare and have a major influence. This will allow the market to augment quicker. One of the latest trends and key drivers in the market for healthcare interoperability solutions is the use of cloud technology for healthcare services.

Key Takeaways:

  • Digital advancements in the global healthcare interoperability solutions market offer video conferencing, interoperability software, and phonic conversations, propelling this market to a high growth stage. Healthcare interoperability technologies are expected to decrease the cost of delayed diagnosis and therapy by enabling real-time data access. The future of healthcare depends on sharing data throughout the value stream and integrating all medical devices.
  • At present, healthcare is focused on a curative care approach but data-driven technologies can change this into an exclusively preventive care paradigm, which will create a lucrative potential for the market.
  • The global market for healthcare interoperability solutions is predicted to develop over the assessment timeframe. With more IT systems installed around the globe are elevating the overall healthcare sector.
  • To digitize health data and processes, hospitals and healthcare organizations around the world are using healthcare IT solutions like EHR systems. The amount of data in electronic health records is propelling, making it challenging to store significant amounts of data securely without facing the risk of losing crucial data.
  • The amount of healthcare data within growing economies is further spreading to surge populations. Government attempts to install interoperable solutions, an increase in government spending on healthcare systems, and the growing acceptance of automation technology all together indicate to a significant growth opportunity for market players across these countries.

Competitive Landscape

The number of new participants is anticipated to expand as a result of untapped opportunities, leading to more competition in the market for healthcare interoperability solutions.

Key players:

  • Allscripts Healthcare Solutions
  • Epic Systems Corporation
  • Cerner Corporation, Inc.
  • Infor, Inc.
  • Koninklijke Philips NV
  • Orion Health Group Limited,
  • Quality Systems, Inc.
  • OSP Labs,
  • ViSolve, Inc.
  • InterSystems Corporation
  • iNTERFACEWARE

More Insights into Healthcare Interoperability Solutions Market

The North American region is anticipated to dominate the global healthcare interoperability solutions market. The United States is predicted to account for around 35.3% of the global market in 2023.

Surging demand for effective healthcare services, the need to reduce healthcare costs, and successful EHR implementation by healthcare organizations are the main drivers influencing the adoption of interoperability solutions in the USA.

Germany is predicted to account for 4.9% of the global market share in 2023. The growth in the region is attributed to the better-built healthcare infrastructure for the incorporation of clinical data from patient care and information technology with medical research in Germany.

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Key Segments Covered in Healthcare Interoperability Solutions Market Industry Research

By Type:

  • Solutions
    • EHR Interoperability
    • HIE Interoperability
    • Others
  • Services

By Level of Interoperability:

  • Foundational Interoperability
  • Structural Interoperability
  • Semantic Interoperability

By Deployment:

  • Cloud Based
  • On premise

By End User:

  • Healthcare Providers
  • Healthcare Payers

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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 400 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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