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Lycopene Food Colors: A Colorful Journey in Health-Conscious Consumption and Growing Market Trends | FMI

The global lycopene food colors market is with a projected increase of US$ 84 million in 2022 and US$ 257 million in 2032, at a compound annual growth rate (CAGR) of 10.7% between 2022 and 2032. The increasing usage of lycopene food colouring in beverages, packaged foods, dairy products, confections and baked goods, and cosmetics are some of the key factors boosting the demand for this food colouring. Additionally, there is a rising market for clean label and natural products.

Among the pigments that are naturally present in fruits, vegetables, algae, and fungi is lycopene. When ingested, it acts as an antioxidant, shielding the body from damage caused by free radicals. The market for lycopene is expected to increase significantly over the course of the projected period due to growing consumer awareness of the supplement’s potential health benefits and the increasing demand for natural food coloring.

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Manufacturing industries are adding lycopene colors in their food products as consumers are shifting their preference towards natural and organic food items to maintain overall health.

Lycopene, like natural food colorants, is remedial in nature and is known for preventing several diseases including hypothesis, cancer, cardiovascular diseases, osteoporosis, other bone disorders, male infertility, hypertension, and other human diseases.

The global lycopene market is likely to boost in the forecasted period of the next ten years due to its significant use in the pharmaceutical and food industry. Lycopene also offers benefits in the cosmetics and personal care industry.

An increase in consumer discretionary income in regions such as the Asia Pacific, the Middle East, and Africa has made it easier for customers to consume new and unique food products that are sourced from plants. The consumption pattern of consumers is inclining toward healthy and organic food products, which is impacting the food and beverage category, as well as the lycopene food colors market.

Key Takeaways from Market Study

By nature, organic segment is likely to be the most remunerative in the global lycopene food colors market during the forecast period.
By application, the beverages segment is expected to hold the largest share of the global lycopene food colors market while the bakery and confectionery segment is expected to grow at a CAGR of 9.5% throughout the forecast period.
The lycopene food colors markets in North America and Latin America are poised to expand at a CAGR of 8.02% and 7.9% respectively, through 2032.
Europe lycopene food colors market stands at 590 metric tons by volume and nearly US$ 23 Mn by value. Furthermore, demand for lycopene food colors in the region is expected to grow at 8.9% CAGR between 2022 and 2032.
The U.S. lycopene food colors market is expected to grow at a CAGR of 8.34% during the forecast period.

“Manufacturers of lycopene food colors would gain significant profits by targeting the organic food and beverage and dietary supplements industries. They should also strive to achieve higher production volumes, in order to provide lycopene food colors at more affordable rates to food processing industries,” says a Future Market Insights analyst.

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Competitive Landscape

Some key market participants are Chr. Hansen, Koninklijke DSM N.V., Hoffmann-La roche Ltd., General nutrition center company, Jamieson laboratories Ltd., San-Ei Gen, Licofarma S.r.l., Dangshan sinojuice food, DSM, BASF, Kagome, Xi’an lyphar biotech corp, LycoRed, Kagome, Tomatia, Wellgreen Technology, Shaanxi huike botanical development Co. Ltd., Royal DSM N.V., NBTY, and Bayer AG, among other prominent players.

The market for lycopene food colors has several big names who are primarily converging on developing advanced versions of lycopene mainly for increasing its end-use in various industries. They are also striving to achieve economies of scale in order to substitute synthetic red colors in food processing industries.

Lycopene Food Colors Market Taxonomy

By Nature:

Organic
Conventional

By Form:

Powder
Capsule
Syrup

By Application:

Bakery & Confectionery Products
Beverages
Packaged Food/Frozen Products
Dairy Food Products
Cosmetics
Others

By Region

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

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Frequently Asked Questions

How big is the lycopene food colors Market?
How much does lycopene food colors market contribute to the natural food colors Market?
What are the key trends shaping lycopene food colors market?
At what rate will lycopene food colors demand grow in Europe?

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Revenue Assurance Market Sets Sights on US$ 1479.9 Million Mark with 8.5% CAGR by 2033

The revenue assurance market is poised for substantial growth over the next decade, with a projected CAGR of 8.5%. According to industry forecasts, from 2023 to 2033, this market is expected to surge in value, ultimately reaching an impressive valuation of US$ 1479.9 million by 2033. This remarkable growth can be attributed to the increasing need for robust revenue protection solutions in an ever-evolving business landscape.

With businesses facing intricate revenue-related challenges, the demand for advanced revenue assurance tools and services is expected to escalate, driving the market’s expansion and making it a pivotal component in ensuring financial stability and integrity across industries.

The revenue assurance charter has evolved from ensuring revenue to ensuring margin and, more recently, ensuring business. The Revenue Assurance charter includes an unprecedented level of involvement in core business across verticals and silos. Traditional risks have evolved and new risks have emerged as telecom subscribers and partners have grown accustomed to the on-demand paradigm, threatening the success of real-time offers. Telecom executives are rapidly reengineering their risk framework to accommodate the volatile and critical nature of new business models.

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Key Takeaways from the Revenue Assurance Market Report:

● The Global Revenue Assurance Market is expected to reach a market size of US$ 605 Million by 2022.

● The Software segment, is expected to have the highest CAGR rate of 7.4% during the forecast period.

● The United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 452 Million during 2022 – 2032.

● The market in the United States is set to experience the highest CAGR of 7.6% during the 2022-2032 forecast period.

Competitive Landscape:

The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Revenue Assurance Market are focused on R&D to produce innovative technological solutions.

In February 2020, Safaricom, Kenya’s largest mobile network operator, announced that it had completed revenue assurance implementation in collaboration with Amdocs, a provider of communications and media software and services. The project was created to offer Safaricom more comprehensive and adaptable revenue protection throughout the lifecycle of the company’s new service.
In January 2020, Subex expanded its collaboration with Jawwal, Palestine’s leading mobile network provider. The collaboration’s goal was to get an update on the current versions of ROC Revenue Assurance and ROC Fraud Prevention.

Leading Key Players:

Amdocs
Araxxe Inc.
Adapt IT
Cartesian
Digital Route

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To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.

Due to the growing demand for the product around the world, several new companies are expected to enter the market. This is expected to increase competition on a worldwide scale. Additionally, market growth is expected to be fuelled by collaborations among current players to improve quality throughout the research period. Over the projection period, established market players are expected to diversify their portfolios and offer one-stop solutions to combat fierce competition.

Revenue Assurance Market Segmentation:

By Component:

Software
Services
- Revenue Assurance Planning and Consulting Services
- Revenue Assurance Implementation and Customization Services
- Revenue Assurance Support and Maintenance Services
- Revenue Assurance Managed Services

By Deployment Mode:

Cloud-based Revenue Assurance
On-premises-based Revenue Assurance

By End-User:

TSPs
Enterprises

By Vertical:

Telecom
Utilities
BFSI
Hospitality
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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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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Weather Forecasting Services Market Eyes 6.7% CAGR, US$ 4.5 Billion Boost

The weather forecasting services market is expected to generate US$ 2.35 billion by 2022, from an estimated US$ 2.2 billion in 2021. By 2032, the market is expected to reach US$ 4.5 billion, with a 6.7% CAGR during the forecasted period of 2022–2022. The market’s growth can be due to the increasing need in end-use industries including transportation, logistics, and renewable energy to boost productivity and cut costs in various developing nations.

It is anticipated that the business will experience significant development opportunities throughout the forecasting period due to the growing use of short-range weather forecasting services to forecast environmental conditions.

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On the other hand, it is projected that the primary impediment to the market’s expansion will be the underlying nonlinearity of weather forecasting models. The process’ rising complexity as a result of the proper integration and analysis of a massive amount of data is another barrier inhibiting the industry’s progress over the Forecasting period.

Key Takeaways from the Weather Forecasting Services Market Report:

Weather forecasting services for agriculture capture the largest revenue share of more than 60%
Medium-range Forecasting services segment to expand at a CAGR of 6.7% during the Forecasting period
The U.S market is expected to secure US$ 1.44 Billion while expanding at a CAGR of 7%
China to record a CAGR of 6.8% during the 2022-2032 period of assessment

Competitive Landscape:

In January 2022, Global weather and digital media leader AccuWeather announced the acquisition of? Paris-based environmental technology company Plume Labs®?for an undisclosed amount, effective immediately. The deal is AccuWeather’s 15th?acquisition since its founding 59 years ago.? AccuWeather integrated the company into? January 2022? and the deal was closed in December of 2021.
In May 2022, DTN, a global data, analytics, and technology company began testing the high-performance computing (HPC) capabilities of Amazon Web Services (AWS) and running data processing and modeling workloads on? Amazon Elastic Compute Cloud?(Amazon EC2), a service that provides secure, resizable computing capacity in the cloud.

Leading Key Players:

AccuWeather, Inc.
DTN
Earth Networks
Fugro
Met Office
Precision Weather Service
Spire Global
StormGeo
The Tomorrow Companies Inc.
The Weather Company (IBM)

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Weather Forecasting Services Market Segmentation:

By Forecast:

Nowcasting Weather Forecasting Services
Short-range Weather Forecasting Services
Medium-range Weather Forecasting Services
Long-range Weather Forecasting Services

By Organization Size:

Weather Forecasting Services for Large Enterprises
Weather Forecasting Services for Small & Medium Enterprises

By Industry:

Weather Forecasting Services for Agriculture
Weather Forecasting Services for Aviation
Weather Forecasting Services for Energy & Utilities
Weather Forecasting Services for Renewables
Weather Forecasting Services for Retail
Weather Forecasting Services for Manufacturing
Weather Forecasting Services for Media
Weather Forecasting Services for Logistics & Transportation
Weather Forecasting Services for the Marine Industry
Weather Forecasting Services for Other Industries

By Region:

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

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Employee Advocacy Software Market Thrives with a Projected 8.5% CAGR, Reaches US$ 930.7 Million

The employee advocacy software market is expected to reach US$ 930.7 Million by 2032, up from US$ 410 million in 2022, expanding at a high CAGR of 8.5%. Demand for quick and simple communication of new information, without sending loads of emails, and increased employee engagement relative to sharing the company’s original and curated content by allowing them to share easily are expected to accelerate the growth of the employee advocacy software market over the analysis period.

Employee advocacy software enables companies to engage their workforce to share branded content and information via social channels. With these tools, brands can build pre-approved content libraries for their employees to access to share via mobile, email, or social media. These tools not only help broaden a company’s social presence by engaging its employees, but they also allow social media managers to have more control over company voice and messaging on social channels.

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There has been a massive adoption of advanced employee advocacy software tools among organizations, which provide helpful as well as knowledgeable customer support. Companies’ employees are using these tools to share relevant stories and content to share with their followers. The advocacy software provides a simple and intuitive interface, which is easy to use for users and admins. The advocacy tools streamline and simplify managing the social sharing of employee advocates and allow for posts to be set up in advance with the help of features including scheduling functionality.

Key Takeaways from the Employee Advocacy Software Market Report:

The global employee advocacy software market was valued at US$ 410 Million by 2022-end
The U.S to account for the highest value share of US$ 322.5 Million of global market demand for employee advocacy software market in 2032
From 2017 to 2021, employee advocacy software demand expanded at a CAGR of 9.4%
By type, the cloud-based category constitutes the bulk of the employee advocacy software market with a CAGR of 8.3%.

Competitive Landscape:
Players in the global employee advocacy software market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In February 2022, COYO (Social Intranet Software), Smarp (Employee Communications & Advocacy), and Jubiwee (Employee Engagement & Analytics) announced the expansion of their three brands in Western labor markets with the renaming as Haiilo. The merger will allow for the most complete and consistent approach to attracting and engaging knowledge workers which is one of the most dramatic growth inhibitors companies have faced since the pandemic started.
In January 2022, EveryoneSocial launched a free forever plan to spread employee advocacy, through which the marketers can activate their company’s employees as influencers who can authentically share their most important content.

Leading Key Players:

DrumUp
Hootsuite
COYO
Jubiwee
Sprout Social
GaggleAMP
Influitive
EveryoneSocial
Sociabble
PostBeyond
Dynamic Signal
Smarp
ClearView
MarketBeam
SocioAdvocacy
Ambassify
RFactr

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Employee Advocacy Software Market Segmentation:

By Type:

On-Premises
Cloud-based

By Application:

SMEs
Large Enterprises

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Customer-To-Customer (C2C) Community Marketing Software Market to Exceed US$ 2.8 Billion, Riding on 6.2% CAGR

The global customer-to-customer (C2C) community marketing software market is expected to garner a market value of US$ 2.8 Billion by 2032 while recording a CAGR of 6.2%. The growth of the market can be attributed to the increasing public engagement and the surging importance of community engagement platforms across the globe. Also, with the rising ownership of smartphones, the industry is likely to benefit.

Furthermore, the surged popularity of online auctions has enhanced the market size. Benefits offered such as; larger reach, more buyers, and cost-effectiveness, among others, are likely to support the market expansion. Integration of artificial intelligence in the C2C community marketing software is expected to offer various opportunities to the market. Also, with the presence of various startups, the market is likely to flourish in the assessment period.

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For instance, in April 2022, a Nashville-based firm, known as Crank Farm, rolled out a social auction platform that focuses on cyclists who want to sell or buy performance bicycles. On the contrary, risks associated with fraudulent activities in C2C marketing platforms are likely to hamper the market in the forecast period. However, the implementation of stringent laws in several countries, such as Australia, is expected to act as a significant counter, which can benefit the industry in the coming time.

Key Takeaways from the Customer-To-Customer (C2C) Community Marketing Software Market Report:

The cloud-based segment to expand at a CAGR of 6.1% during the forecast period
The U.S market size is to reach US$ 1 Billion by the end of the 2022-2032 forecast period
Market in the UK to expand at a CAGR of 4.8% from 2022 to 2032
Japanese market to record a CAGR of 4.5% in the assessment period
Market in South Korea to exhibit a CAGR of 4% from 2022- to 2032
The retail and e-commerce segment exhibited a growth rate of 5.7% during the assessment period

Competitive Landscape:
Players in the market are focusing on expanding their reach across the globe through various strategies such as; acquisitions, partnerships, and product launches, among others. Some of the key players in the market include Meta, Bevy, LinkedIn Corporation, Tribe Technologies Inc., and Meetup Pro. Key developments in the sector are:

In July 2021, Bevy, a US-based firm that focuses on enabling businesses to build community, acquired Eventtus. Eventtus is an Egyptian startup, which creates even apps that enable organizers to engage attendees. Customers will experience benefits such as a white-labeled community event engine, ticketing, and registration that is fully integrated and powered by a matchmaking algorithm, and interactive sessions that offer Q&A, polls, and reactions.
In February 2022, LinkedIn acquired Oribi, a Tel-Aviv-based marketing analytics company. The initiative was taken to offer a more comprehensive suite of marketing solutions to businesses. It was LinkedIn’s first-ever Israeli acquisition.

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Customer-To-Customer (C2C) Community Marketing Software Market Segmentation:

By Type:

On-Premises
Cloud-based

By Application:

Retail and e-Commerce
Health and Life Sciences
BFSI
Transport and Logistics

By Enterprise Size:

Small and Medium Enterprises
Large Enterprises

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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IT Robotic Automation Market Aims for US$ 22.8 Billion with 15.7% CAGR

The IT robotic automation market is poised for remarkable growth, with a projected CAGR of 15.7%. This dynamic sector is anticipated to reach a substantial valuation of US$ 22.8 billion in the foreseeable future. The driving force behind this rapid expansion lies in the increasing demand for automation solutions in the information technology sector.

IT robotic automation offers organizations the opportunity to streamline their operations, enhance efficiency, and reduce human error by automating various IT processes. As businesses strive to optimize their productivity and reduce operational costs, the IT robotic automation market is becoming a pivotal player in the global tech landscape, with substantial growth on the horizon.

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Key Takeaways from the IT Robotic Automation Market Report:

By application, IT robotic automation services to flourish at a CAGR of 32% until 2032
In the U.S., the market is predicted to reach US$ 7.4 Billion while growing at a CAGR of 15.7% during the forecast period.
China’s market will grow at an 18.6% CAGR during the forecast period
UK recorded a CAGR of 16.1% during the forecast period
Japan is expected to reach a CAGR of 28.2% during the forecast period between 2022 and 2032

Competitive Landscape:

In September of 2021, Vista Equity Partners, a private equity firm that owns the analytics vendor Tibco, planned to acquire Blue Prism, a robotic process automation company, for $1.5 billion and, once the offer had been approved by the company’s shareholders, they would merge both companies.
Dynamic Automation and Robotics, headquartered in Simi Valley, CA, was acquired by ATC Automation in September 2021. In the custom automation and robotics market, Dynamic has a history of meeting customer needs. In addition to enhancing ATC Automation’s geographic and technological footprint, Dynamic will immediately complement them.

Leading Key Players:

Blue Prism
Appian
Amelia
Tata Consultancy Services Limited
Infosys Limited
Cognizant Technology Solutions Corp
Atos SE
Capgemini
Genpact Ltd.
Automation Anywhere, Inc.
Sutherland Global Services, Inc.
Uipath SRL

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IT Robotic Automation Market Segmentation:

By Application:

Tools
- Model-based Application Tools
- Process-based Application Tools
Services
- Professional Services
  - Consulting
    - Application Management
    - Infrastructure Management
  - Integration and Development
    - Application Management
    - Infrastructure Management
  - BPO
- Training

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
South America

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Network Slicing Market Poised for US$ 3 Billion Valuation by 2032, Driven by 23.2% CAGR

The network slicing market was worth US$ 370 Million in 2022 and is predicted to be worth US$ 3 Billion by 2032, growing at a CAGR of 23.2% during the forecast period.

The network slicing market is gaining pace as cellular network technology evolves, providing faster data rates and lower latency. The fast increase in the volume of data carried by cellular networks has been driven mostly by consumer demand for video and a movement in business practices toward the usage of cloud services.

Network slicing market companies have a lot of room for expansion. The commercialization of 5G services and the availability of unlicensed and shared spectrum around the world are predicted to affect the future of the network slicing market.

The pandemic has greatly increased demand for broadband services, aided by rising mobile networking and remote access services in various industries, including retail, telecommunications, information technology, and healthcare.

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As companies worldwide begin to reopen, communications service providers are shifting their emphasis to 5G rollouts and increasing expenditures on network slicing. COVID-19 has fueled demand for 5G use cases such as remote office, telemedicine, remote education, and robotics, which has boosted the network slicing market.

Industry 4.0, automation, and digitalization have had a significant impact on the adoption of network slicing and mission-critical business applications. Most industries have experienced digital transformations to meet the increased need for operational agility from customers and enterprises.

Businesses urgently want a robust network to support their digital transformation journey. Technological breakthroughs and the developing ecosystem have opened the path for introducing new commercial applications in a variety of industries. Asia Pacific held the greatest share of the network slicing market in 2020, followed by North America, Europe, Latin America, and the Middle East and Africa.

North America’s network slicing market is predicted to develop rapidly over the forecast period, owing primarily to the increased usage of cloud computing, network function virtualization, and IoT. The fast proliferation of 5G devices, rising subscriber bases, favorable government policies and regulations, and demand for broadband services across the U.S. are likely to enhance network slicing market growth in the coming years.

Key Takeaways from the Network Slicing Market Report:

In the component sector, solution from the network slicing market is anticipated to flourish at the quickest CAGR of 21.1% through 2032.
With a CAGR of 21.1% through 2032, professional service is predicted to grow significantly in the services sector of the network slicing market.
The market size for the network slicing market in the United States is expected to reach US$ 1 Billion by 2032, growing at a CAGR of 22.9% during the projected period.
United Kingdom is expected to reach a market size of US$ 128 Million in network slicing by 2032, with a CAGR of 21.7% during the forecast period.
China’s network slicing market is expected to be worth US$ 217 Million by 2032, with a CAGR of 22.7% over the forecast period.
Japan is expected to have a market size for network slicing of US$ 179 Million by 2032, with a CAGR of 22.2% during the forecast period.
By 2032, South Korea is expected to reach a market size of US$ 118 Million in network slicing, with a CAGR of 21.9% during the forecast period.

Competitive Landscape:
ZTE Corporation (China), Cisco Systems, Inc. (US), Ericsson AB (Sweden), Affirmed Networks, Inc. (US), Mavenir Systems, Inc. (US), Huawei Technologies Co., Ltd (China), Nokia Corporation (Finland), Parallel Wireless, Inc. (US), Amdocs, Inc. (US), and Intel Corporation are the key players in the network slicing market.

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Recent Development:

May 2019 – The China Media Group, China Mobile, and Huawei accomplished the first UHD live streaming verification using a true end-to-end 5G network slice. This is also the network slicing market’s first live streaming slice on a 5G SA network that is 3GPP-compliant.
Ericsson and AT&T cooperated in March 2019 to deliver the world’s first lifecycle management based on ONAP software for network slices across multiple enterprise sites. One of the demonstration’s significant successes was ensuring the stability of both the infrastructure and ONAP parts while displaying network slices at the same time.
Dish Network Corporation teamed with Blue Planet in September 2020 to automate network slicing using Blue Planet’s cloud-native inventory and service order management technology.
Telefonica Deutschland is going to launch an autonomous network with Blue Planet in September 2020. Blue Planet may enable service providers to reduce their operating expenses (OPEX) while improving its network to support services such as 5G, video streaming, and online gaming.
Brillio and Blue Planet teamed up in April 2019 to deliver network automation to the enterprise and expedite digital transformation.

Network Slicing Market Segmentation:

By Components:

Solutions
Services

By Solutions:

Professional services
Managed Services

By Professional services:

Network design and planning
Integration and Deployment
Support and Maintenance

By End-user:

Telecom operators
Enterprises

By Applications:

Healthcare
Energy and Utilities
Transportation and Logistics
Manufacturing
Media and Entertainment
Automotive
Government
Others

By Region:

North America
Europe
APAC
MEA
Latin America

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Contract Packaging Market Rising to US$ 81.6 Billion by 2034: A Comprehensive Research Report

Contract packaging refers to the outsourcing of packaging and related services to specialized third-party companies known as contract packagers or co-packers. In a contract packaging arrangement, a company hires external packaging professionals to handle various aspects of the packaging process, allowing the brand owner to focus on other core business activities. Contract packaging services can encompass a wide range of activities, from primary and secondary packaging to labeling, assembly, and fulfillment.

The contract packaging market plays a pivotal role in the broader supply chain and manufacturing landscape, providing specialized packaging services to companies that may not have the in-house capabilities or resources to handle packaging processes themselves. This dynamic sector encompasses a wide range of services, including packaging design, assembly, labeling, and distribution. Contract packaging firms are engaged by diverse industries such as food and beverage, pharmaceuticals, cosmetics, consumer goods, and more.

The projected size of the contract packaging market was estimated to be US$ 47.2 billion in 2023, with expectations to further ascend to a valuation of US$ 49.6 billion by the conclusion of 2024. Throughout the forecast period, the global contract packaging market is anticipated to experience a steady Compound Annual Growth Rate (CAGR) of 5.10%, culminating in a market size of US$ 81.6 billion by 2034. This trajectory underscores a consistent and positive growth trend in the contract packaging industry.

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The surge in global industries and the emergence of startups across various sectors have fostered a growing demand for systematic and well-organized packaging solutions. This has driven many businesses to embrace contract packaging services, which offer the flexibility to tailor packaging processes according to their specific needs and requirements.

e-Commerce vertical has also been rising, which is actually playing a vital role in upscaling demand for third level of packaging, i.e. tertiary packaging. This factor is bound to take the entire contract packaging market at a greater stride in the near future.

Key Market Trends

Emphasis on product diversification has become a pivotal strategy for contract packagers, particularly in sectors like pharmaceuticals, food and beverage, and cosmetics. These industries witness a growing array of services from contract packagers, who are adept at delivering customized packaging solutions tailored to meet specific requirements. The flexibility and specialized expertise exhibited by these contract packagers are not only driving expansion but also offering clients unique and tailored services to enhance their product presentation.

In response to the rising significance of sustainability in the market, contract packaging firms are actively addressing the demand for eco-friendly packaging options. Recognizing the environmental concerns of both businesses and consumers, these firms are pioneering creative and sustainable packaging solutions. The integration of eco-friendly options into their service offerings not only aligns with market trends but also showcases a commitment to responsible packaging practices in the modern business landscape.

Key Takeaways

North America holds 21% of the market share. This could be attributed to an ever-increasing demand for ready-to-eat food products along with carbonated beverages.
Europe stands second with emphasis on contract packaging companies for outsourcing the packaging requirements. This would, in turn, lessen operational costs. CPG (Consumer Packaged Goods) are looking forward towards vertical integration for offering packaging solutions, inclusive of logistics and procurement of raw materials. Europe holds 16% of the market share.
The Asia-Pacific is poised to grow voraciously in the contract packaging market due to growing awareness regarding the benefits of contract packaging.

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Key Players

Unicep Packaging
Summit Container
Genco
Stamar Packaging
Sharp Packaging
Jones Packaging
Aaron Thomas Company Inc.
DHL
Green Packaging Asia
Co-Pak Packaging
Assemblies Unlimited Inc.
Deufol
AmeriPac Inc.
Nulogy Corporation
Wepackit Inc.

Market Segmentation

By Services:

Primary Contract Packaging
Secondary Contract Packaging
Tertiary Contract Packaging

By Vertical:

Food
Beverages
Pharmaceuticals
Home Products and Fabrics
Cosmetics and Beauty Care
Others

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Mobile Payment Security Market Hits US$ 7.8 Trillion with 21.5% CAGR

The mobile payment security market was valued at US$ 1.1 Trillion in 2022 and is predicted to reach US$ 7.8 Trillion by 2032, growing at a 21.5% CAGR. The demand for mobile payment security solutions is predicted to grow globally throughout the forecast period as the number of digital payments, such as credit/debit cards, mobile wallets, and internet payments increases.

One of the key factors driving the growth of the mobile payment security industry is the increasing frequency of data breaches. As the number of data breaches rises, so does the amount of money lost as a result of them. As a result, the demand for mobile payment security solutions is increasing.

The increasing sales of mobile payment security solutions can also be related to the rising needs of the Payment Card Industry Data Security Standard (PCI DSS) rules, increased end-user knowledge of mobile payment security, and government attempts to promote cashless payment.

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The demand for mobile payment security solutions is predicted to grow due to recent technological advancements in mobile commerce. This factor has enabled consumers to undertake digital transactions such as purchasing goods and applications through wireless networks, redeeming coupons and tickets, banking, and completing point-of-sale payments from their smartphones.

The expanding use of wireless networks among individual consumers has boosted the sales of mobile payment security solutions. Mobile payment security has become more important as the use of wireless networks in mobile devices for payment in retail outlets has expanded.

The mobile payment security market is likely to rise significantly as a result of the recent outbreak of COVID-19, owing to the growing use of digital payment services. However, the mobile payment security market’s expansion is being hampered by a lack of trust in online banking.

Increased demand for mobile payment security solutions for digital e-commerce and increased use of payment applications across various business verticals, on the other hand, is likely to provide lucrative opportunities for mobile payment security market expansion throughout the forecast period.

Key Takeaways from the Mobile Payment Security Market Report:

Based on type, the biometrics segment of the mobile payment security market is expected to grow at the fastest CAGR of 21.0% through 2032.
By end-use, the banking & financial service is expected to grow at a high rate in the mobile payment security market, with a CAGR of 20.6% through 2032.
The market size for mobile payment security in the United States is expected to reach US$ 2.8 Trillion by 2032, growing at a CAGR of 21.2% during the forecast period.
The UK is expected to register a market share of US$ 334.6 Billion in the mobile payment security market by 2032, with a CAGR of 20.4% during the forecast period.
China’s mobile payment security market is expected to be worth US$ 534.7 Billion by 2032, with a CAGR of 20.9% over the forecast period.
Japan is expected to have a market size for mobile payment security of US$ 434.3 Billion by 2032, with a CAGR of 19.8% through 2032.
By 2032, South Korea is expected to reach a share of US$ 255.5 Billion in the mobile payment security market with a CAGR of 18.9% through 2032.

Competitive Landscape:
Due to the large number of firms operating in both domestic and foreign markets, the mobile payment security market is extremely competitive. The market is moderately concentrated, with technological breakthroughs and mergers & acquisitions being the primary methods employed by the big competitors.

Leading Key Players:

BioCatch
Braintree
Carta Worldwide
Daon
Duo

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Mobile Payment Security Market Segmentation:

By Type:

Tokenization
Biometrics

By End Use:

Telecom & Information Technology
Banking & Financial Service
Government
Transportation
Retail
Entertainment and Media
Other

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Commercial Satellite Imaging Market Eyes US$ 11,752.2 Million by 2034 with 8.2% CAGR

The global commercial satellite imaging market value is estimated to be around US$ 5,329.5 million in 2024. The demand for commercial remote sensing satellites witnessed a Y-o-Y growth of 6.6% between 2019 and 2023, concluding the total market valuation at US$ 4,965.4 million.

Utilization of high-resolution and modern satellite imagery in diverse fields of national development, administration, defense organization, emergency services, and environmental protection is propelling the adoption of commercial satellite imaging solutions. Recent advancements in satellite image processing and satellite data analytics are anticipated to propel the market at a higher CAGR over the projected period.

Based on the analysis of the recent trends, it is expected that the global adoption of commercial satellite imaging to grow at a CAGR of 8.2% from 2024 to 2034. The market report further predicts that the total valuation of the global commercial satellite imaging industry to reach US$ 11,752.2 million by the end of this forecast period.

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Key Takeaways from the Commercial Satellite Imaging Market Study Report

The United States dominates the global market with most number of commercial players for satellite imaging services. The regional market is poised to advance further with a 5.1% CAGR through 2034.
According to the analysis, Germany is anticipated to present the most lucrative market in Europe recording a CAGR of 7.7% during the forecast period.
China holds a dominant share in the commercial satellite imagery market of Asia and is expected to advance at 8.8% CAGR between 2024 and 2034.
Japan has been recognized as another potent player in Asia which is expected to register a 9.5% CAGR through 2034.
The Australian government has invested US$ 260 million in the development of satellite technology and the regional market is likely to follow 11.8% CAGR through 2034.
Among the different end users, the defense and intelligence segment is estimated to account for 24.5% of the total market demand in 2024.

Competitive Landscape for the Commercial Satellite Imaging Market Participants:
The global competition for commercial satellite communication and imaging services is currently moderate as very few players have been able to establish such business requiring higher investment and technical know-how. However, the increased support from government organizations to become self-independent in satellite technology is anticipated to result in the emergence of many new players in the coming period.

Leading Key Players:

Planet Labs, Inc.
DigitalGlobe, Inc.
Exelis, Inc.
Trimble Navigation Limited
Telespazio

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Commercial Satellite Imaging Market Segmentation:

By Product Type:

Software
Hardware

By End Use Verticals:

Governments
Commercial Enterprises
Civil Engineering
Military
Forests
Agriculture
Energy Sector
Insurance
Other End-use Use Verticals

By Application:

Energy Generation
Geospatial Technology
Natural Resources Management
Construction and Development
Disaster Response Management
Defense and Intelligence
Conservation and Research
Media and Entertainment
Other Applications

By Region:

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

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