Remote Home Monitoring Systems Market Sees Impressive Growth, Projected to Reach US$ 85,727.3 Mn by 2032

The remote home monitoring systems market is projected to grow at a CAGR of 15.1% over the course of the forecast period, from US$20,351.5 Million in 2022 to US$85,727.3 Million in 2032.

The benefits of remote patient monitoring (RPM) in terms of lessening the burden on medical resources, the monitoring benefits of telehealth and other remote patient monitoring services, technological advancements, an ageing population, and an increasing demand for universal healthcare are just a few of the factors driving the growth of the remote home monitoring systems market.

Throughout the forecast period, regulatory apathy and challenges in various regions, informal competition, and other factors are anticipated to hurt the remote home monitoring systems market’s growth.

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Remote home monitoring systems refer to a set of devices and services that allow homeowners to remotely monitor and manage their homes using a smartphone, tablet, or computer. These systems typically include cameras, sensors, and other devices that are connected to a central hub, which can be accessed through a mobile app or a web portal.

The remote home monitoring systems market has seen significant growth in recent years, driven by factors such as the increasing adoption of smart home technologies, the growing popularity of home automation, and the rise in home security concerns.

The remote home monitoring systems market is segmented by component, offering, type, and region. The component segment includes hardware, software, and services. The offering segment includes DIY and professional services. The type segment includes safety and security, energy management, and home automation. The safety and security segment is further segmented into video surveillance, intrusion detection, fire protection, and access control.

North America is expected to dominate the remote home monitoring systems market, followed by Europe and the Asia Pacific region. The growth in North America is driven by factors such as the high rate of adoption of smart home technologies, the presence of key players, and the growing concerns around home security and safety.

How is the Competitive Landscape in the Remote Home Monitoring Systems Market?

The primary trend in the remote home monitoring systems market is the improvement of currently available technologies, the introduction of new products, the expansion of product portfolios, and mergers or strategic alliances with healthcare facilities.

The remote home monitoring systems market is highly fragmented on a global scale, with the majority of the world’s manufacturers originating in industrialized nations.

Key Players

  • Honeywell International Inc.
  • Ooma, Inc.
  • IBM Corporation
  • SimpliSafe, Inc.
  • General Electric Company
  • Bosch Security Systems, Inc
  • Schneider Electric S.E.
  • Tyco International Ltd
  • Nortek Security & Control, LLC.
  • Control4 Corporation

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Key Segments:

By Sensor Type:

  • Motion sensors
  • Water sensors
  • Glass sensors
  • Door Sensors
  • Environmental Sensors
  • Others

By Product:

  • Electronic and smart locks
  • Alarms
  • Security cameras
  • Security solutions
  • DIY home security
  • Sensors
  • Detectors
  • Others

By Platform:

  • Mobile
  • Desktop

By Operating System:

  • Android
  • iOS
  • Windows

By Region:

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

About Future Market Insights (FMI):

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

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Future Market Insights Inc.
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Packaging Innovation: How VCI Films Redefine Corrosion Protection

VCI (Vapor Corrosion Inhibitor) films are specialized packaging materials designed to protect metal products from corrosion during storage and transportation. These films release volatile corrosion inhibitors, creating a protective atmosphere that prevents the oxidation and corrosion of metal surfaces.

The global VCI films market is anticipated to grow from US$ 255 Mn  in 2022 to  US$ 430 Mn  by 2032, with the overall sales accelerating at  5.4% CAGR  throughout the forecast period. Rising application of VCI films across diverse industries including automotive, electronics, and healthcare is a key factor driving growth in the global VCI films market.

VCI films stand as a pioneering solution in corrosion-resistant packaging, providing a robust shield against rust, corrosion, and contamination for metal components. Crafted by infusing linear low-density plastics with vapor corrosion inhibitors, these innovative films have become a go-to choice for safeguarding a diverse array of metal tools, equipment, and products from the detrimental effects of corrosion. Their adoption is on the rise across industries such as automotive, electronics, healthcare, aerospace, and more.

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Key points about VCI films:

  1. Corrosion Protection:
    • VCI films are engineered to provide effective corrosion protection for a variety of metal surfaces, including steel, aluminum, and other ferrous and non-ferrous metals.
  2. VCI Chemistry:
    • The films contain volatile corrosion inhibitors that vaporize and form a protective layer on metal surfaces. This layer inhibits the corrosion process by preventing moisture and oxygen from reaching the metal.
  3. Film Types:
    • VCI films come in various types, including polyethylene (PE) films, polypropylene (PP) films, and other multi-layer structures. The choice of film depends on factors such as the type of metal, storage conditions, and application requirements.
  4. Application Methods:
    • VCI films can be used through various application methods, including wrapping, covering, or enclosing metal products. They can be applied manually or by automated packaging systems.
  5. Multi-Metal Protection:
    • VCI films are often formulated to provide protection for a range of metals within the same packaging, offering a versatile solution for mixed metal shipments.

Market Growth Factors

The automotive industry is experiencing remarkable expansion on a global scale, driven by notable factors such as the increasing influence of globalization and the rising disposable incomes of consumers. This growth is compelling automotive manufacturers to leverage advanced resources to craft products that align precisely with the diverse and intricate needs and expectations of their customer base.

Simultaneously, the surging production and global export of steel, iron, and various metal equipment are set to fuel a surge in demand for storage logistics facilities. The escalation in production and export of these materials is remarkable, yet it comes with a significant challenge. Annually, an estimated $10 billion in damages is incurred during the transport of steel, iron, parts, and equipment, and this figure is expected to rise in tandem with production increases, underscoring the need for enhanced logistics and transportation solutions.

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Key Players

Major competitors in the global VCI films are players like Daubert Cromwell, Transcendia Inc., Armor Protective Packaging, BRANOpac, Zavenir Daubert, Cortec Corporation, Aicello Corporation, NTIC, Branopac, MetPro Group, Nantong Yongyu Anti-Rust, Shenyang VCI, Nokstop Chem, Nefab Group, Crayex Corporation, Intertape Polymer Group, Patkar Extrusiontech (Pvt.) Ltd, James Dawson Enterprises Inc., RBL Industries, Tewes Corporation and others.

These players are adopting strategies such as new product launches, investments in R&D, partnerships, collaborations, and mergers to gain a competitive edge in the market.

Market by Category

By Product Type:

  • Stretch VCI Films
  • Shrink VCI Films

By Material:

  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Polyvinyl Chloride
  • Others

By Application:

  • Aerospace & Military Application
  • Heavy Plant Machinery
  • Electricals & Electronic Components
  • Automotive Parts
  • Import & Export Packaging
  • Other (Agriculture, etc.)

By Region:

  • North America
  • Latin America
  • Europe
  • Middle east and Africa
  • East Asia
  • South Asia
  • 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Vehicle Tracking System Market 13.5% CAGR Leads to US$ 78.04 Billion Projection by 2032

The vehicle tracking system market size is estimated to be valued at US$ 22 billion in 2022 and is anticipated to reach US$ 78.04 billion by 2032, at a CAGR of 13.5% during 2022-2032. Due to factors such as growing customer concern over the security and safety of automobiles and the growing use of cutting-edge technology, the demand for vehicle tracking systems is expected to increase.

Due to regulations regulating the installation of vehicle monitoring systems in both passenger and commercial vehicles, as well as the expansion of fleet operations in developing nations, the sales of vehicle tracking systems are growing.

Additionally, the popularity of car leasing and rental services is driving up sales of vehicle tracking systems, forcing rental companies to use monitoring technology to enhance their offerings.

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The enormous growth of the automotive industry has increased the demand for effective real-time monitoring solutions for precise data collection.

This is related to consumers’ growing security and safety concerns, which are one of the key factors boosting the vehicle tracking system market outlook.

Additionally, it is anticipated that the increasing use of intelligent transportation systems and the introduction of 5G in-car connections will boost sales of vehicle tracking systems.

Along with the demand for autonomous and semi-autonomous vehicles, the demand for vehicle tracking systems is growing.

The growing volume of international trade has also raised the demand for the fleet of commercial trucks dedicated to logistics. The leading companies in the vehicle tracking system market are putting effort into developing goods that allow fleet management for enterprises.

Since the data contains sensitive information about drivers, cars, and travel patterns, the surge in data privacy violations is the key factor limiting the growth of the vehicle tracking system market.

Key Takeaways from the Vehicle Tracking System Market Report:

  • With over 42% market share in 2021, the passenger car segment dominated the vehicle tracking system market. Furthermore, the sector is forecast to have the highest CAGR of 16.9% during the projection period (2022-2032).
  • The transportation and logistics sector is anticipated to have the highest CAGR of 17 percent from 2022 to 2032, with a market share of 26.4 percent in 2021.
  • The GPS/satellite category is anticipated to grow at the fastest CAGR of 15.7 percent throughout the forecast period, with a market share of more than 49 percent in 2021. (2022-2032).
  • North America accounted for 32.4 percent of the global vehicle tracking system market in 2021, and it is predicted that this region will continue to grow quickly during the forecast period.
  • The vehicle tracking system market in Asia Pacific is anticipated to grow at a CAGR of 17.4% from 2022 to 2032.

Competitive Landscape:
The major vehicle tracking system market players intend to provide tracking solutions, fleet management solutions, and telematics solutions based on the various end-use applications.

To provide high-quality products, they have also developed a diverse portfolio that is constantly improved through R&D. These major players help to expand the market through product launches and partnerships.

The following companies are among the major players in the global vehicle tracking system market: Verizon, Geotab Inc., Cartrack, Tom Tom International B.V., CalAmp, Teltonika.

  • Sierra Wireless, Inc. purchased GlobalTop Technology Inc.’s GNSS embedded module business in April 2017. As a result of this acquisition, the company’s GPS-tracking products have been strengthened.
  • ORBCOMM introduced the IoT-based CT 3500 telematics device to develop a fleet management system for refrigerated containers.
  • CalAmp and Moregon have announced partnerships to provide fleet operators with remote diagnostics and predictive maintenance. The collaboration will combine the capabilities of Noregon Trip Vision, which can perform remote diagnostics to inform a vehicle’s driver and provide notifications before any significant faults occur, and CalAmp iOn, a fleet management software, cloud platform, and edge computing.
  • In June 2019, Orbocomm Inc. collaborated with Pole Star Space Applications Limited and Weatherdock AG to develop a Class B vessel tracking solution. This cutting-edge technology employs untamperable electronics to continuously monitor and track the location of a car.

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Vehicle Tracking System Market Segmentation:

By Vehicle Type:

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By End-use:

  • Transportation & Logistic
  • Construction & Manufacturing
  • Aviation
  • Retail
  • Government & Defense
  • Other

By Technology Type:

  • GPS/Satellite
  • GPRS/Cellular Network
  • Dual Mode

By Type:

  • Active
  • Passive

By Component:

  • Hardware
    • OBD Device/ Tracker and Advance Tracker
    • Standalone Tracker
  • Software
    • Performance Management
    • Vehicle Diagnostics
    • Fleet Analytics & Reporting
    • Driver Behavior Monitoring
    • Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Server Security Market to Reach US$ 51.7 Billion by 2032 with 7.1% CAGR

The server security market is expected to grow at a noteworthy CAGR of 7.1% from 2022-2032. The report further states that the market is expected to reach a valuation of US$ 26.1 Billion by the end of 2022 and US$ 51.7 Billion by 2032. The increasing need to protect enterprise networks from sophisticated cyber-attacks is set to drive growth in the server security market during the forecast period.

Cloud-based server security software solutions allow businesses to improve their network security at a relatively low cost. Sales of such software solutions are projected to surge with the increasing need to avoid unauthorized access and misuse of network resources.

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Moreover, server security software solutions are gaining immense popularity as companies are striving to protect their networks from critical cyber-attacks like denial-of-service (DoS), distributed denial-of-service (DDoS), man-in-the-middle (MitM), SQL injection attack, cross-site scripting (XSS) software attack, TCP SYN flood attack, botnets, and session hijacking attacks.

Thus, to maintain the network security of various systems from such attacks and network hacks, organizations are likely to continue to adopt cloud server security software solutions in the forthcoming years.

Key Takeaways from the Server Security Market Report:

  • By solution, the software segment is expected to dominate the global server security market and exhibit growth at a CAGR of around 7.7% between 2022 and 2032.
  • By deployment, the cloud-based segment is set to lead the global market with a CAGR of nearly 9.0% between 2022 and 2032.
  • By enterprise size, demand for server security software solutions in small and mid-sized enterprises (SMEs) is estimated to grow 2.3x in the upcoming decade.
  • By industry, the healthcare segment is projected to showcase significant growth at a CAGR of about 10.2% between 2022 and 2032.
  • By region, the North American server security market was holding the highest share of around 29.6% in 2021.

The global server security market is set to grow steadily due to increasing demand for cybersecurity solutions to protect servers from sophisticated cyber-attacks. A wide variety of services are provided by a server to external and internal users of an organization and thus it is prone to hacking.

Also, various servers like web, email, database, infrastructure management, and file servers process or store sensitive information for an organization. To access these unauthorized files, an organization’s servers are frequently targeted by cybercriminals.

To protect an organization’s network infrastructure from server-based cyber-attacks, businesses are adopting innovative server security solutions. As a result of the aforementioned factors, the global server security market will witness considerable growth during the forecast period.

Leading Key Players:

  • IBM
  • Sophos
  • Palo Alto Networks
  • Cloudflare
  • DDoS-Guard
  • HaltDos
  • Endgame
  • Comodo
  • Cisco
  • Nexusguard
  • Fortinet
  • Orange
  • Tata Communication
  • Checkpoint Software
  • SAP
  • Openmind Networks

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Server Security Market Segmentation:

By Solution:

  • Software
    • Network Firewalls
    • Unified Threat Management Solution
    • DDoS Mitigation Solution
    • Endpoint Protection Platforms
    • Others
  • Services
    • Professional Services
      • Security Consulting
      • Implementation Services
      • Integration Services
      • Support & maintenance
    • Managed Services

By Deployment:

  • On-Premises
  • Cloud-based

By Enterprise Size:

  • Large Enterprises
  • Small and Mid-Sized Enterprises (SMEs)

By Industry: 

  • IT & Telecom
  • BFSI
  • Government & Defense
  • Healthcare
  • Retail
  • Manufacturing
  • Education
  • Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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eBook Market Poised for 4.9% CAGR, Crossing US$ 32.19 Billion Mark

The global eBook market is expected to be worth US$ 19.95 billion in 2022, rising to US$ 32.19 billion by 2032. eBook sales are expected to grow at a CAGR of 4.9% between 2022 and 2032.

North America is the largest market for E-books. Factors such as the benefits and reader engagement of eBooks are creating significant growth opportunities for household composter manufacturers in APAC. The array of interactive components being integrated into eBooks includes verbal interaction, AR, and gaming. Thus, the demand for interactive eBooks will continue to rise, which will drive the growth of the global eBook market during the forecast period.

Key Insights:
The global E-Book market is fragmented in nature due to the presence of several global and regional players.

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

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For Instance – In September 2020, Hachette Livre announced the acquisition of Laurence King Publishing (LKP), the UK’s leading gift publisher and one of the country’s top three art publishers.

Geographical Market Analysis:
North America will provide maximum growth opportunities in the publishing market during the forecast period. According to our research report, the region currently holds 45% of the global market share and is expected to dominate the market through 2025.

In addition, countries such as the US, Canada, the UK, Germany, China, and Italy are expected to emerge as prominent markets for eBooks during the forecast period.

Key Market Trends & Challenges:
The report identifies the rising adoption of online local language translation modules in eBooks as one of the key trends driving the growth of the market during the forecast period. The localization of content and online local language translations in the global eBook market is gaining prominence, as countries across the globe have many native languages. Publishers are considering the online translation of eBooks in various local languages as an added advantage to their businesses. Thus, the localization of eBooks will foster the growth of the market in focus in the long run.

Despite the rapid demand, the E-Book Market factors such as the growing number of privacy breaches may impede the market growth. The vendors or publishers present in the global eBook market have been threatened by the growing surge in copyright infringement. With the rising penetration of the Internet, piracy and illegal file-sharing have become a threat to the growth of the global E-Book market. Online piracy has resulted in large losses in revenue for many publishing houses.

Leading Key Players:

  • McGraw-Hill, Wiley
  • Kensington Publishing Corp.
  • Hachette
  • Cengage Learning
  • HarperCollins
  • Simon & Schuster
  • Macmillan Publishers
  • Penguin Random House
  • Self-published eBooks

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eBook Market Segmentation:

By Category:

  • Free eBooks
  • Paid eBooks

By Vertical:

  • Educational Institutes
  • Media & Entertainment
  • Manufacturing

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Mailer Boxes Market Analysis: Industry worth US$ 7.57 Billion by 2033

Mailer boxes, also known as shipping boxes or postage boxes, are corrugated cardboard boxes designed for the safe and secure transportation of goods through the mail or shipping services. These boxes are commonly used for e-commerce packaging, subscription boxes, and various retail shipments.

The global mailer boxes market is poised for substantial growth, with an expected valuation of US$ 3.85 billion by the year 2023. The escalating adoption of mailer boxes across commercial, institutional, and household sectors has led to a surge in demand for these versatile packaging solutions. Forecasts indicate that the global market is set to exhibit an impressive Compound Annual Growth Rate (CAGR) of 7.0% spanning from 2023 to 2033, ultimately surpassing a valuation of US$ 7.57 billion by the conclusion of 2033.

The mailer boxes market, which includes packaging boxes designed for shipping and mailing various products, is influenced by several drivers and restraints that shape its growth and dynamics. Understanding these factors is essential for industry participants and stakeholders. Here are some key drivers and restraints in the mailer boxes market:

Mailer boxes play a pivotal role in ensuring the secure transportation of items throughout the shipping process, making them indispensable in the contemporary e-commerce landscape. The rapid expansion of the e-commerce industry has notably contributed to the soaring demand for mailer boxes.

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Key points about mailer boxes:

  1. Construction:
    • Mailer boxes are typically made from corrugated cardboard, which consists of three layers: an inner layer (flute), an outer liner, and an inner liner. This construction provides strength and durability, protecting the contents during shipping.
  2. Design:
    • Mailer boxes come in various designs, including regular slotted containers (RSC) and tuck-top boxes. They are often designed for easy assembly, ensuring quick and efficient packaging.
  3. Sizes and Customization:
    • Mailer boxes are available in a range of sizes to accommodate different products. Many manufacturers offer customization options, allowing businesses to create boxes tailored to their specific needs.
  4. Closure Mechanisms:
    • Mailer boxes typically have self-locking tabs, tuck-in flaps, or adhesive strips for closure. Some designs include tear strips for easy opening.

Growth Factors

In the realm of e-commerce, overcoming challenges in final logistics stands as a significant hurdle. Global expansion for e-commerce enterprises is often hindered by inefficiencies arising from product damage during transportation and the high expenses associated with e-commerce packaging.

Companies operating in the e-commerce, mail, and postal services sectors are actively seeking cost-effective packaging solutions to streamline overall package expenses. A notable trend in this pursuit is the widespread adoption of mailer boxes for product transportation.

What makes mailer boxes particularly appealing is their recyclability and construction from recyclable materials. This environmentally conscious approach positions mailer boxes as a sustainable packaging option. Brands with an eco-friendly focus find personalized mailer boxes to be the ideal choice, aligning with their commitment to environmentally friendly packaging practices. As the industry continues to prioritize sustainability, mailer boxes emerge as a practical and eco-conscious solution for the evolving needs of e-commerce and related services.

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Key Players

  • Smurfit Kappa Group PLC
  • PakFactory
  • VSL Packaging Company USA
  • GWP Group
  • Shanghai DE Printed Box
  • International Paper Company
  • Mondi Group
  • Northwest Paper Box
  • Salazar Packaging, Inc.
  • Accurate Box Company, Inc.
  • Guangzhou Huaisheng Packaging Co., Ltd
  • Rengo.Co
  • Nine Dragons Worldwide
  • WestRock
  • Lee Man Paper Manufacturing

Mailer Boxes Market by Segmentation

By Product Type:

  • C Flute
  • B Flute
  • E Flute
  • F Flute
  • Others (N Flute, A Flute)

By Wall Type:

  • Single Wall
  • Double Wall
  • Triple Wall

By End Use:

  • Commercial
  • Institutional
  • Household

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:  sales@futuremarketinsights.com
Website:  https://www.futuremarketinsights.com
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Procure-To-Pay Solutions Market Sees Exponential Growth, Projected 7.0% CAGR Expected to Propel it to US$ 13,430.4 Million by 2032

The procure-to-pay solutions market is experiencing significant growth, with an expected Compound Annual Growth Rate (CAGR) of 7.0%. This market is on track to reach a substantial value of US$ 13,430.4 million by the year 2032.

The Procure-to-Pay Solutions Market, which deals with systems and tools that help organizations manage their purchasing processes efficiently, is growing steadily. This growth is anticipated to continue at a rate of 7.0% per year. By the year 2032, it is estimated that the total value of this market will reach an impressive US$ 13,430.4 million.

This trend highlights the increasing importance of streamlined procurement and payment processes in businesses and organizations, as they seek to improve efficiency and reduce costs in their operations.

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The market for procure-to-pay solutions is expected to expand because of advances in digital technology and the use of electronic invoicing systems. Additionally, more businesses are embracing SaaS-based procure-to-pay suites, using data-driven methods for sourcing, and improving their spending analysis. This is creating new opportunities for the procure-to-pay solutions market. Furthermore, companies are increasingly turning to cloud-based solutions that combine the processes of purchasing and payment, which is likely to boost the market for procure-to-pay solutions even more.

The market for procure-to-pay solutions is growing rapidly, and one of the main reasons for this is the use of cloud-based unified procure-to-pay systems. These systems are like helpful tools that companies use to better manage their spending and make smarter decisions when buying things they need.

Because more small businesses in Asian countries are using cloud-based tools to manage their purchasing and payment processes efficiently, the market for these tools in the South Asia Pacific region is expected to grow rapidly. This means it will likely have a bigger share of the global market for these solutions in the future.

Competitive Outlook:

Key players in the procure-to-pay solutions market are focusing on partnerships and introducing technology, innovations, and techniques to improve their business revenue. The procure-to-pay solutions market is growing due to increased interest in contract programming.

2019 saw the introduction of SynOps by Accenture Plc, a global professional services firm. SynOps is a human-machine-operated engine that makes use of data, artificial intelligence, and sophisticated analytics to help organizations carry out smart activities across crucial operations, such as billing and financing, procurement, and advertising.

Key players:

  • SAP SE
  • Zycus Inc
  • Infosys Limited
  • Bertelsmann SE & Co
  • Comarch SA
  • Ariba Inc
  • ProActis
  • GEP

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Procure-To-Pay Solutions Market Segmentation:

By Deployment:

  • On-Premise
  • SaaS

By Enterprise:

  • SMB
  • Large Enterprise

By End-use Industry:

  • BFSI
  • Healthcare
  • Oil & Gas
  • Telecommunication
  • Retail
  • Automotive
  • Others

By Region:

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

About Future Market Insights (FMI):

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

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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Level Sensor Market Targets US$ 8.6 Billion by 2033, Boasting 7% CAGR

The level sensor market is poised for significant growth in the coming decade, with projections indicating a substantial increase in its value. In 2023, the level sensor market is expected to reach US$ 4.3 billion, and this figure is forecasted to double, reaching US$ 8.6 billion by the year 2033

This impressive growth trajectory can be attributed to various factors, including increasing industrial automation and the demand for precise liquid level measurement across various industries.

The global level sensor market is projected to maintain a steady CAGR of 7% from 2023 to 2033, highlighting the industry’s resilience and its pivotal role in modern manufacturing and process control systems. As businesses continue to prioritize efficiency and accuracy, level sensors are set to play a crucial role in the meeting.

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Demand for ultrasound technology creates new growth opportunities:
According to the FMI analysis, it is estimated that ultrasonic sensors will gain preference with a wide margin among end users due to their high sensitivity, high frequency, and high transmittance. However, an increase in the transition to microwave/radar technology will be observed until the end of 2029, which will be driven by the growing demand for continuous level measurement of bulk solids. The oil and gas segment is expected to account for a significant portion of the global market share due to the growing adoption of tank-level monitoring, fuel and chemical injection, and various other applications. The need to continuously monitor the level of wastewater in sewage treatment plants will not diminish the adoption of level sensors in waste and wastewater treatment applications.

The report highlights several prominent market players who have established themselves as leaders in the level sensor market. With a portfolio of ‘best-in-class’ products, these leaders continue to set a path for profitable growth through personalized innovation and new model launches. For example, in 2017 Vega Grieshaber KG announced the launch of a new wirelessly operated process sensor ‘PLICSCOM’. In 2016, Endress+Hauser AG announced the official launch of the ‘Tank Gauge’ platform, a holistic monitoring and inventory control system for tank farms as well as terminals for bulk storage and transportation of oil and gas, chemical and refining application units. . liquid and solid.

Mergers and acquisitions will continue to occupy a significant place on manufacturers’ agendas, given that these strategic alliances provide tremendous scope for growth through a pool of combined expertise and shared resources. For example, in 2022 Rochester Gauges, LLC announced the official acquisition of FPI Sensors, which will further expand Rochester’s market share in the liquid-level sensor space. As Rochester’s acquisitions continue to grow on its legacy of providing high-quality products and industry-leading customer service, Rochester will gain access to and benefit from a greater pool of untapped opportunities.

How has the COVID-19 crisis impacted level sensor sales?
With the onset of COVID-19, several end-user industries such as manufacturing, oil, and gas that are being marketed have been impacted by downsizing operations, temporary plant closures, and more. Due to COVID-19, many ongoing or new projects across the oil and gas value chain are likely to face many challenges in terms of project execution, planning, and risk management. A major concern in the renewable energy industry is global supply chains that are slowing production significantly, to reduce spending on new measurement systems and sensors. In addition to automobiles and oil and gas, many other industries around the world, including power generation and mining, have halted production in almost all countries due to the pandemic. This is expected to lower the demand for level sensors and significantly impact the market growth during the forecast period.

Leading Key Players:

  • ABB
  • WIKA Group
  • Emerson Electric
  • Endress+Hauser AG
  • Anderson-Negele
  • SICK AG
  • Aplus Finetek Sensor, Inc.
  • Pepperl+Fuchs
  • AMETEK, Inc.
  • Honeywell International Inc.
  • Vega Grieshaber Kg
  • FAFNIR GmbH
  • Senix Corporation
  • First Sensor
  • BinMaster (Garner Industries)
  • Waterline Controls
  • Ifm Electronic GmbH
  • PIC GmbH
  • Nohken, Inc.

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Level Sensor Market Segmentation:

By Technology:

  • Ultrasonic
  • Capacitance
  • Conductive
  • Pneumatic
  • Vibratory Probe
  • Optical
  • Microwave/Radar
  • Magnetostrictive
  • Hydrostatic
  • Magnetic and Mechanical probe
  • Guided wave
  • Laser
  • Nuclear
  • Air bubbler
  • Load cell

By Application Media:

  • Solid
  • Liquid

By Monitoring Type:

  • Point Level
  • Continuous Level

By Device Type:

  • Contact Type
  • Non-contact Type

By Industry:

  • Chemicals & Petrochemicals
  • Pharmaceutical
  • Energy & Power
  • Oil & Gas
  • Waste & Wastewater Treatment
  • Food & Beverages
  • Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Mobile CRM Market to Reach US$ 52.4 Billion by 2029 at 10.4% CAGR

The mobile CRM market is expected to reach US$ 26.2 Billion in 2022 and US$ 52.4 Billion by the end of 2029, likely to surge at a vigorous 10.4% CAGR during the assessment period. The growth of the mobile CRM market is underpinned by a slew of factors, spanning from evolving gears of technology to the ubiquitous use of smartphones. Businesses, to adopt agility and dexterity as two of their core values, are counting on platforms that mobilize the management of customer relationships.

As per the report, with the growth of digitized workforces, real-time access to critical information is no longer a “nice to have” aspect, rather it is a necessity to foster streamlined operations. Modern businesses are placing customer satisfaction at the top of their priority list and are actively seeking fine-grained insights for their sales realms to access on the go.

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This, in turn, is preparing the grounds for the high-scale adoption of mobile CRM platforms across the globe through 2029. According to the report, ‘CRM on demand’ is one of the overarching trends introducing major reforms in the mobile CRM market, as enterprises are increasingly turning to cloud-based suites that promise immense flexibility and scalability.

According to the research study, BFSI ranks among some of the early adopters of mobile CRM till 2021 and beyond, with revenues estimated to surpass US$ 3 Billion in 2022. However, retail units are likely to overtake BSFI as one of the significant spenders on mobile CRM solutions in the latter half of the assessment period, as the retailers are rapidly turning to mobile CRM platforms for streamlining the aspects of their sales funnels.

The adoption of mobile CRM in healthcare is also estimated to pick pace through 2028, given that healthcare services worldwide are shifting their focus toward ‘value-based care’ models. Large enterprises are likely to lead the race of mobile CRM adoption, followed by medium enterprises, unveiling the research study.

As large and medium enterprises are pulling their socks up to positively engage customers and stay highly competitive, the adoption of mobile CRM across these enterprises will most assuredly gain new heights. Revenue opportunities for vendors of the mobile CRM market remain imminent, as sales personnel across organizations, regardless of their size, are vying to make informed decisions that are ‘data-driven’.

‘Pay-Per-Use’ Pricing Model: A Strategy Winning Over End Users:
Considering the dynamicity of end-user preferences, key vendors in the mobile CRM market are largely focused on R&D investments for unceasing developments. As price follows efficiency as the second-most important factor dictating purchase decisions, vendors are offering flexible ‘pay per use’ pricing models, as an end-use preference for flexible pricing is causing a distant move away from subscription models.

Acquisitions and partnerships will continue to be a vital part of the growth strategies of market players. For instance, in February 2021, AMDOCS announced its acquisition of Vubiquity, a leading firm offering premium digital content services and technology solutions. This acquisition was aimed at adding premium content capabilities, which include licensing, processing, and delivery, and positioning AMDOCS at the center of increased convergence across content community and video distributors.

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Mobile CRM Market Segmentation:

By Product Type:

  • Mobile CRM for Large Enterprises
  • Mobile CRM for Medium Enterprises
  • Mobile CRM for Small Enterprises

By Vertical:

  • Mobile CRM for BFSI
  • Mobile CRM for Telecom
  • Mobile CRM for Healthcare
  • Mobile CRM for Retail
  • Mobile CRM for Automotive
  • Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Private LTE Market Soars to Projected US$ 17,550.0 Million Valuation by 2032 with a 13.0% CAGR

The global private LTE market is predicted to develop at a CAGR of 13.0% from 2022 to 2032, reaching a value of US$ 17,550.0 million, up from US$ 5,155.0 million in 2022.

Due to its long-term evolution and similarity to 5G technology, private LTE is more in demand. Additionally, the restrictions of conventional network technologies like Wi-Fi and Ethernet are eliminated, enabling communication between machines and people on the same network.

It offers advantages like being restricted to the specific enterprise it supports and created for successfully connecting the individuals and things within that enterprise. By blocking off communication with a main network of public operators, it also protects data.

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Competitive Landscape:

Who are some of the Key Market Players in the Private LTE Market?

The key players are focusing on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the growth of the market during the forecast period.

A private LTE organization, moreover, destroys the limitations related to a traditional organization framework, like the Ethernet or Wi-Fi, by supporting both human and machine correspondence in a solitary organization.

Private LTE organization, still in its improvement stage, is relatively specialty and consequently, hasn’t seen a lot of entries in the beyond 4 years. Nonetheless, with the approach of IIoT (Industrial Internet of Things), its arrangement is supposed to observe high learning experiences during the estimated time frame.

Leading Key Companies:

  • Nokia
  • Huawei Technologies Co., Ltd.
  • Qualcomm Technologies, Inc.
  • Ruckus Networks
  • Future Technologies
  • Ambra Solutions Inc.
  • Comba Telecom Systems Holdings Ltd.
  • AIR-LYNX.

Private LTE Market Dynamics:

Factors, such as high speed, high capacity, high security, low latency, consistence performance, longer range, and interoperability associated with private LTE networks, complement the demands required to attain IIoT. This, as a result, is expected to be the primary driver in the private LTE market.

Besides these advantages associated with private LTE networks, increasing adoption of isolated networks is also being witnessed, which is expected to be a contributing factor for further penetration of private LTE.

Furthermore, the increasing adoption of smartphones globally is also expected to push market expansion in a positive direction during the forecast period. In addition to this, governmental initiatives for offering enhanced public safety are also expected to propel the demand for private LTE networks globally.

However, issues, such as complexity associated with the implementation of private LTE networks and constraints in terms of the requirement for an authorized license to deploy private LTE network is also expected to hinder the growth of private LTE networks.

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Key Segments in the Private LTE Market

By Type:

  • LTE-TDD (long-term evolution time division duplex)
  • LTE-FDD (long-term evolution frequency division duplex)

By Industry Vertical:

  • Transportation
  • Military and Defense
  • Manufacturing and Industrial
  • Oil and Gas
  • Energy and Mining
  • Healthcare
  • Others

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

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