Cassava Bags Market Projected US$ 139.23 million by 2033

Cassava bag in lieu of plastic bag

As of my last knowledge update in January 2022, cassava bags, also known as cassava starch bags or biodegradable bags made from cassava, were gaining attention as an eco-friendly alternative to traditional plastic bags. Cassava bags are made from cassava starch, which is extracted from the root of the cassava plant.

The Cassava Bags Market is poised for significant growth, with an expected compound annual growth rate (CAGR) of approximately 7.6% during the forecast period. In 2023, the market’s revenue is anticipated to reach a valuation of around US$ 66.93 million, and it is projected to experience substantial revenue growth, surpassing US$ 139.23 million by the year 2033. This growth trajectory is indicative of the increasing adoption of cassava bags as an environmentally friendly alternative to traditional plastic bags, driven by consumer demand for sustainable packaging solutions and the global push to reduce plastic pollution.

The future outlook for cassava bags is buoyed by several factors. Rapid urbanization, the transformation of lifestyles towards sustainability, and evolving consumer preferences are projected to usher in revenue opportunities that will underpin market growth. These factors have captured the interest of eco-conscious consumers, thereby contributing to the burgeoning global market trends.

The market for cassava bags has seen growth due to increased awareness of environmental issues and the push for more sustainable practices. Companies and consumers alike are seeking alternatives to traditional plastic products, and cassava bags represent one such innovation.

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Start-up News

Introducing Cassava Bags: A pioneering initiative by an Australian start-up aiming to combat the global issue of single-use plastic bags. This innovative solution involves the creation of biodegradable, single-use, non-plastic bags derived from cassava, capable of dissolving in hot water. These cassava-based products are entirely natural, 100 percent non-toxic, free from Polylactic acid (PLA) and Bisphenol (BPA), and are designed for one-time use. Remarkably, they dissolve in hot water within three minutes or biodegrade in soil over a span of six months.

A growing environmental consciousness among consumers has underscored the significance of adopting eco-friendly products to safeguard the planet. The past few decades have seen a widespread proliferation of plastic bags, contributing to adverse effects on the Earth’s atmosphere and troposphere.

In response to this, major players in the global market are actively developing inventive bags crafted from cassava, incorporating various colors, designs, and more. Simultaneously, start-up companies are playing a pivotal role in driving market expansion through their innovative strategies.

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Competitive Landscape

The importance of environmental sustainability and the presence of several Cassava Bags Market players is likely to increase the competition and drive market growth. Mergers & acquisitions are further expected to garner consumer demand and expand the global market size.

  • Envigreen Biotech India Pvt. Ltd. – They produced India’s first 100% biodegradable substitute for plastics. Creating these products took shape in 2012 with the support of scientists and environmentalists worldwide.
  • Biogreen Bags Co. Ltd. – It was founded by a group of environmental entrepreneurs looking for quality solutions to the problem of petroleum-based plastic products.
  • Avani Eco – They provide a full range of sustainable packaging and hospitality products made from renewable and natural ingredients that are fully compostable.
  • Affinity Supply Co. supplies compostable food packaging, paper coffee cups, food takeaway containers, bags, and straws.
  • Biopac India Co. Ltd. launched its manufacturing business in 1996 with food-grade polystyrene food service products for one-time use.

Market by Segmentation

By Type:

  • Grip-Hole
  • T-Shirt
  • Garbage

By Category:

  • Organic
  • Conventional

By End User:

  • Food & Beverages
  • Animal Feed

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.

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Future Market Insights Inc.
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Fitness Apps Market to Hit US$ 6.8 Billion at 19.7% CAGR by 2032

The global fitness apps market is worth US$ 1.1 billion in 2021, with a CAGR of 19.7% projected from 2022 to 2032. Between 2022 and 2032, the global market is expected to offer an absolute dollar opportunity of US$ 6.8 billion.

The fitness App market exploded as a result of the emergence of a global pandemic that prevented people from visiting regular gyms. After COVID-19 caused widespread lockdowns and social alienation, people were encouraged to migrate to virtual training platforms. Due to increased subscriptions, the market is expected to grow at a rate of around 20%, compared to the historical average of 14.6% CAGR.

The fitness app market is expected to grow as people become more conscious of their physical and mental health. Consumers have begun to track their health issues and, based on this information, have begun to make positive lifestyle changes. Additionally, the expanding online network of fitness studios and gyms has aided in the adoption of these apps.

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Posting fitness updates on social networking sites also encourages friendly competition. As a result, there will be an increase in the demand for fitness apps. Over the projected period of 2022-2032, the United Kingdom and Japan are expected to provide the most lucrative results, expanding at a CAGR of 26% and 24.4%, respectively.

Key Takeaways from the Fitness Apps Market Report:

  • The Global Fitness App market is expected to reach a market size of US$ 8.1 Billion by 2032.
  • The market is expected to offer an absolute dollar opportunity of US$ 6.8 Billion in the coming 10 years by growing at a CAGR of nearly 20%.
  • The exercise & weight loss category is expected to remain the dominant segment, with an estimated growth of 19.4% during the forecast period.
  • Japan and the UK are anticipated to provide the highest growth opportunity in terms of CAGR of 24.4% and 26% respectively.

Competitive Landscape:
The Fitness Apps market is dominated by several national and international players. They compete on product innovation, quality, brand recognition, trustworthiness, and market presence to offer their services across multiple sectors. Market competitors are improving their goods with modern features to improve functionality and reliability to provide a better consumer experience.

In addition, the market expansion is expected to be aided by the big corporation’s fundamental mergers, collaborations, and acquisitions strategies.

Leading Key Players:

  • Aaptiv
  • Adidas
  • Appinventiv
  • Applico
  • Appster
  • Azumio, Inc
  • Fitbit Inc.
  • FitnessKeeper
  • MyFitnessPal Inc.
  • Nike
  • Noom
  • Under Armour, Inc.

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Key developments in the market are:   

  • In October 2021, PEAR Sports acquired Aaptiv to expand its personalized approach to fitness and wellness programming for consumers and employers. The company plans to integrate Aaptiv’s offerings with PEAR Training Intelligence and make it a competitive fitness program service in the market.
  • In April 2021, Adidas Runtastic collaborated with Tooz Technologies to develop a new immersive running experience for athletes using smart glasses. This marked the start of research on the next-gen wearable technology.

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Fitness Apps Market Segmentation:

By Type:

  • Exercise & Weight Loss
  • Diet & Nutrition
  • Activity Tracking

By Platform:

  • Android
  • iOS
  • Others

By Device Type:

  • Smartphones
  • Tablets
  • Wearable Devices

By Region:

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

About Future Market Insights (FMI):

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

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Tracing Paper Market Rising to US$ 597.91 Million by 2033: A Comprehensive Research Report

LRS Premium Tracing Paper - A4 Size - 95 GSM - Translucent Sketching Paper for Pencil, Marker and Ink - Pack of 50 Sheets : Amazon.in: Home & Kitchen

Tracing paper is a thin, translucent paper that is often used for tracing images, drawings, or designs. It is typically made from paper pulp or a combination of wood pulp and cotton fibers, which gives it its translucent quality. Tracing paper is commonly used by artists, architects, engineers, and designers for various purposes.

The anticipated growth of the global tracing paper market is notable, with a projected valuation of US$ 470.73 million by 2023 and an expected Compound Annual Growth Rate (CAGR) of 2.4% from 2023 to 2033. The market is poised to reach a valuation of US$ 597.91 million by the conclusion of 2033, with the top three countries expected to collectively hold 30 to 40% of the global market share by 2023.

Demand for tracing paper is also catalyzed by the booming architecture and construction sector, wherein tracing solutions are required for interior designs. Another aspect fueling the market growth is the growing curiosity of children and millennials in arts and crafts.

In terms of thickness, the 81 to 100 GSM segment is foreseen to dominate a substantial portion of the global market, owing to its lightweight nature and high-quality properties. As indicated by Future Market Insights (FMI), this particular segment is projected to command approximately 39% of the market share by the conclusion of 2022.

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Key features and uses of tracing paper:

  1. Transparency:
    • Tracing paper is known for its transparency, allowing artists and designers to see through the paper to the original image or drawing beneath it. This makes it easy to trace and transfer designs.
  2. Smooth Surface:
    • Tracing paper usually has a smooth and uniform surface, providing a good surface for pencil, ink, or other drawing materials. This allows for precise tracing and detailing.
  3. Various Thicknesses:
    • Tracing paper is available in different thicknesses or weights, ranging from lightweight to heavyweight. The choice of thickness depends on the specific requirements of the project.
  4. Ink Compatibility:
    • Many tracing papers are suitable for use with various inking materials, including pens and markers. This makes them versatile for different artistic and technical applications.
  5. Drafting and Technical Drawings:
    • Architects and engineers often use tracing paper for creating drafts and technical drawings. Its transparency allows for layering multiple drawings, making it easy to compare and refine designs.

Top Market Trends

Crafted primarily from cellulose fiber, tracing paper stands out as a sustainable option due to its recyclable nature. The increasing demand for environmentally friendly and recyclable tracing paper is poised to be a driving force in the market in the coming years.

Tracing paper, distinguished by its smoother texture compared to conventional paper, boasts enhanced tear-resistant properties, providing durability in various applications. Its transparent nature facilitates easy drafting, making it an invaluable resource in industries such as construction and architectural drawing, digital printing and photography, as well as lamination and embossing films.

The cellulose fiber composition also imparts moisture-absorbing qualities to tracing paper. Particularly in the construction and architectural sectors, vellum paper, a type of tracing paper, finds prevalent use for engineering and drawing purposes. With a surge in global construction and renovation activities, the demand for tracing paper is expected to experience significant growth, particularly in these sectors.

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Key Market Players

  • Koehler Paper Group
  • Domtar Corporation
  • Mitsubishi HiTec Paper Europe GmbH
  • Asia Pulp & Paper Ltd.
  • Pixelle Specialty Solutions
  • Nippon Paper Industries Co. Ltd.
  • Oji Papéis Especiais LTDA
  • Papeles y Conversiones de México
  • Reflex GmbH & Co. KG
  • Nekoosa Coated Products LLC
  • Thermal Solutions International Inc.
  • FILA-ARCHES sas
  • Arjowiggins
  • Jiangxi Five Star Paper Co. Ltd
  • Peters Papers
  • Yulu Paper Industry Co. Ltd

Some Recent Industry Developments are:

  • In July 2021, Domtar Corporation announced the restarting of its paper machine at Ashdown, Arkansas, to cater to the growing demand. This is expected to help the company to expand its production capacity.
  • In April 2021, Pixelle Specialty Solutions announced the acquisition of two specialty paper businesses. The company acquired Rollsource from Veritiv Corporation and the security papers & carbonless rolls business from Appvion Operations Inc. This is expected to help the company to strengthen its product portfolio.

Market Outlook by Category

By Thickness:

  • Up to 60 GSM
  • 61 to 80 GSM
  • 81 to 100 GSM
  • Above 100 GSM

By Material:

  • Cellulose Fiber
  • Cotton Fiber
  • Recycled Fiber

By Application:

  • Printing
  • Drawing
  • Photographic & Cinema Lighting
  • Embossing
  • Lamination
  • Others (Greeting Cards, Envelopes, etc.)

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Suite 401, Newark, Delaware – 19713, USA
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Service Orchestration Market Targets US$ 67 Billion Value, Propelled by 27% CAGR

The service orchestration market is poised for remarkable growth, projected to reach a staggering US$ 67 billion with a remarkable CAGR of 27% by the year 2033. This robust expansion is indicative of the increasing importance and adoption of service orchestration solutions across various industries. Service orchestration plays a pivotal role in streamlining and automating complex business processes, enhancing operational efficiency, and facilitating seamless collaboration among disparate systems.

As organizations continue to embrace digital transformation, the demand for sophisticated service orchestration platforms is expected to surge, driving the market to new heights. The projected CAGR underscores the sustained momentum and strong market potential, positioning service orchestration as a critical component in the evolving landscape of IT services and business operations.

Architectures and interfaces for service orchestration have been developing more quickly during the last few years. Providing dynamic and adaptable resource control and monitoring techniques is a primary goal of service orchestration.

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As businesses grow, they continuously want to increase their cost-effectiveness. Service orchestration helps them accomplish this by delivering enhancements predictably and dependably.

A wide range of organizations may access on-demand services thanks to service orchestration, which lowers network ownership costs. Multi-domain service orchestration also guarantees assistance for software development and integration to speed up service activation and improve agility. These factors are expected to increase service orchestration sales in both large and small/medium-sized businesses (SMEs) during the projection period.

The development of cloud computing technology has given businesses an efficient, scalable way to supply vital capabilities and services to their clients. The cloud has integrated seamlessly into contemporary business. The ability to use cloud computing allows enterprises to improve their operational efficiency, cut costs, and increase data and processing flexibility.

With huge amounts of data generated through multiple cloud environments, maintaining coherent cloud processes has become a difficult task. To meet these challenges, organizations are continuously integrating advanced service orchestration platforms, which will continue augmenting the growth of the market in the forthcoming years.

Key Takeaways from the Service Orchestration Market Report:

  • By solution, the service orchestration platform segment is anticipated to expand at a 23.2% CAGR through 2031.
  • The large enterprise segment is projected to hold 57.5% of the total service orchestration market share.
  • Demand for cloud-based services is expected to grow at a stupendous 25.8% CAGR through 2031.
  • Applications of service orchestration in the IT and telecom sectors are expected to remain high, enabling sales at a 29.9% CAGR over the forecast period.
  • The U.S. is anticipated to dominate the North American service orchestration market, accounting for 88.9% of the market share through 2031.
  • Sales of service orchestration solutions in the U.K. are projected to increase at a 30.2% CAGR.
  • China will emerge as an attractive service orchestration market, accounting for 58.8% of the East Asia market share in 2031.
  • Demand for service orchestration in Japan and South Korea is forecast to grow at 21.8 CAGR and 25.9% CAGR respectively.

Leading Key Players:

  • Cisco Systems, Inc.
  • Juniper Networks, Inc.
  • Hewlett Packard Enterprise (HPE)
  • Huawei Technology Co. Ltd.
  • IBM Corporation
  • NEC Corporation
  • Ericsson
  • MuleSoft, LLC
  • Anuta Networks
  • Netcracker

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Service Orchestration Market Segmentation:

By Platform

  • Cloud-based
  • On-Premises
  • Services

By Professional Services

  • Consulting & Advisory
  • Integration & Deployment
  • Support & Maintenance
  • Managed Services

By Enterprise Size:

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

By Industry:

  • BFSI
  • Retail & CPG
  • Healthcare
  • Government
  • Travel & Hospitality
  • IT & Telecom
  • Manufacturing
  • 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:        

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Advanced Distribution Management Systems Market Targets US$ 12,102 Million, 20% CAGR by 2029

The advanced distribution management systems market is predicted to reach US$ 12,102 Million by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster.

These systems supply situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly switching network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.

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Key Takeaways from the Advanced Distribution Management Systems Market Report:

  • The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
  • Among all the applications, fault location and isolation & service restoration are estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
  • Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost-effectiveness.

Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth:

The world is witnessing an increase in the transmission, generation, and distribution of energy. With growth in the energy sector, the electricity demand is increasing at a rapid pace. In 2021, the global electricity demand increased by 4% to more than 23,000 TWh.

Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.

Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Billion in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.

Leading Key Players:

  • Schneider Electric
  • ABB Corporation
  • Capgemini SE
  • GE Digital
  • Oracle Corporation
  • Siemens AG
  • Tata Power DDL
  • Open Systems International
  • Survalent Technology Corporation
  • DNV GL
  • Etap
  • Axxiom
  • Grid Bright
  • Alstom
  • S&C Electric Company
  • Advanced Control Systems
  • Hitachi
  • Anterix
  • Hexagon Safety & Infrastructure

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Advanced Distribution Management Systems Market Segmentation:

By Solution :

  • ADMS Platforms
  • Services
    • Support &Maintenance Services
    • Consulting
    • Integration & Implementation

By Application :

  • Supervisory Control & Data Acquisition
  • Distribution Management Systems
  • Outage Management Systems
  • Distributed Energy Resource Management Systems
  • Geospatial Information Systems
  • Fault Location and Isolation & Service Restoration

By Industry :

  • Transportation & logistics
  • Energy & Utilities
  • Oil & Gas
  • Manufacturing
  • Others

By Region :

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Purpose-built Backup Appliance (PBBA) Market Anticipates US$ 29.4 Billion Valuation with 10.8% Projected Growth by 2032

The Purpose-built Backup Appliance (PBBA) Market revenues were estimated at US$ 9.3 Billion in 2021 and are anticipated to grow at a CAGR of 10.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 29.4 Billion.

The market in China is projected to reach a valuation of US$ 2.4 Billion by 2032, growing at a CAGR of over 17% during 2022 – 2032. Owing to reasons such as the rise of SMEs and developing economies, China stands as a potential market for purpose-built backup appliances.

The growth of China’s economic infrastructure will have a direct influence on the market. Also, the existence of large corporations, a strong supply side, vigorous industrial development demand, and financial capabilities is likely to make a significant contribution in the PBBA market revenue. In March 2022, China announced a series of policy documents authorizing the establishment of several new data centre clusters around the country.

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These data centre clusters are planned as part of the “Eastern Data, Western Computing” program, which was first suggested in 2020. The plan calls for the creation of a national data centre and computer infrastructure, with data eventually moving from China’s highly populated east to the more rural and resource-rich west.

The plan is a proactive government effort aimed at increasing computer power and data storage capacity in anticipation of increased digitization and technical innovation, as well as resolving a computing supply and demand mismatch.

Key Takeaways from the Market Study

Global Purpose-built Backup Appliance (PBBA) Market is expected to reach a market size of US$ 10.6 Billion by 2022.The Software segment, is expected to have the highest CAGR rate of 11.4% during the forecast period.
United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 4 Bn during 2022 – 2032.
The market in China is set to experience the highest CAGR of 17.2% during the 2022-2032 forecast period.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Purpose-built Backup Appliance Market are focused on R&D to produce innovative technological solutions.

In March 2022, Microsoft Corporation announced that its customers will enjoy unlimited access to a new Azure region in North China, adding the fifth Azure region to the China market and doubling the capacity of Microsoft’s intelligent cloud portfolio in China. The new Azure region will strengthen Microsoft’s capabilities to allow and empower innovation, development, and the discovery of possibilities across the company, ecosystem, and a sustainable future.

In December 2021, Dell introduced DD6400, which is a contemporary backup device designed for commercial clients, small businesses, and big organizations with remote installations. They stated that the DD6400 would support the Dell EMC PowerProtect Cyber Recovery solution, putting cyber security at the forefront of the IT ecosystem. The DD6400 has a hardware-assisted compression card that boosts logical capacity per TB by 30%, yielding a 65x data deduplication ratio.

Key Players:

  • Dell EMC
  • Oracle Corporation
  • Axcient Inc.
  • Barracuda Network Inc.
  • Arcserve LLC
  • Veeam Software
  • Acronis
  • International Business Machines Corporation
  • Nvidia Corporation
  • Hitachi Data Systems Corporation
  • Commvault Systems Inc.
  • Quantum Corporation
  • Hewlett Packard Enterprise

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More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Purpose-built Backup Appliance (PBBA) Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Purpose-built Backup Appliance (PBBA) Market by Deployment (Cloud, On-Premise), By Component (Software, Professional Services), By System (Integrated, Target, Open, Mainframe), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By Industry Vertical (BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing, Travel and Hospitality, Energy and Utility, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Purpose-built Backup Appliance Market Analysis

By Deployment:

  • Cloud purpose-built backup appliances
  • On-Premise purpose-built backup appliances

By Component:

  • Purpose Built Backup Appliance Hardware
  • Purpose Built Backup Appliance Software
    • Deduplication
    • Compression
    • Encryption
    • Remote Replication
    • Support interfaces
  • Purpose Built Backup Appliance Services
    • Installation and Integration
    • Support and Maintenance

By System:

  • Integrated Backup Appliance
  • Target Systems Backup Appliance
  • Open System Backup Appliance
  • Mainframe Purpose Built Backup System

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By Industry Vertical:

  • BFSI (Banking, Financial, Services and Insurance)
  • Telecom and IT
  • Government
  • Healthcare
  • Education
  • Manufacturing
  • Travel and Hospitality
  • Energy and Utility
  • Others

By Region:

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

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,
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Physical Security Information Management (PSIM) Market Aims for US$ 12.6 Billion Milestone by 2032

The Physical Security Information Management Market revenues were estimated at US$ 2.3 Billion in 2021 and are anticipated to grow at a CAGR of 16.7% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 12.6 Billion.

Rising digitization and rigorous regulatory standards such as the Health, Safety, and Environment standards are driving the adoption of PSIM in the energy and utility industries to meet regulatory requirements. One of the key end goals in all of these businesses has always been to minimize costs and risks while preserving end-product quality and timeliness. The installation of new energy-generating facilities is expected to fuel the growth of this sector.

ARES Security Corporation is transforming nuclear power plant security and operations by utilizing robotic technology that can help or replace personnel in physical security, technical, and service activities at present and future Advanced and Small Nuclear Reactors (A/SNR).

ARES announced that the Department of Energy has awarded it US$ 200 Thousand for Small Business Innovation Research Phase 1 Grant. This project will concentrate on the physical security challenges associated with A/SNR size, design, physical layout, operations, and the possibility of being located in remote places with fewer staff than massive nuclear power plants or other large-scale energy sources.

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Energy plants are huge and distantly located, making monitoring challenging. People can get around perimeter protection and even barge their way past access restricted doors. This is where remote monitoring technologies, like video surveillance help businesses.

CCTV cameras make it considerably easier for operations or security personnel to see who enters and departs the facility. Guards that work long in shifts may grow fatigued, lose attention, and become sidetracked by false alarms. When security cameras are augmented with advanced video analytics, security becomes considerably easier.

Key Takeaways from the Market Study:

  • Global Physical Security Information Management Market is expected to reach a market size of US$ 2.7 Billion by 2022.
  • The Software segment, is expected to have the highest CAGR rate of 17.4% during the forecast period.
  • United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 1.3 Billion during 2022 – 2032.
  • The market in South Korea is set to experience the highest CAGR of 19.2% during the 2022-2032 forecast period.

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Competitive Landscape:

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Physical Security Information Management Market are focused on R&D and collaborations to produce innovative technological solutions.

  • In April 2022, SureView Systems, a provider of open response systems for security operations, and Calipsa, a market leader in deep-learning driven video analytics for false alarm reduction, announced a merger of their cloud-based flagship products. Calipsa’s software increases security control centres’ ability to process and respond to video alarm events when combined with SureView’s next-generation PSIM technology.
  • In January 2022, With the support of EURAZEO, Prysm Software, a key developer of PSIM software solutions and security systems, joined the VITAPROTECH group, the French market leader in premium security solutions for sensitive sites. The VITAPROTECH firm boosts its expansion in security software solutions and strengthens its monitoring business by acquiring Prysm Software. The open-standards-based solutions give significant flexibility and ease of deployment, assuring end client independence and unifying heterogeneous settings. The firm has more than 150 partners globally who have been educated on its PSIM platform AppVision.

More Insights Available:

Future Market Insights, in its new offering, presents an unbiased analysis of the Physical Security Information Management Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Physical Security Information Management Market by Component (Software, Service), By End-Use (Residential, Retail, BFSI, Telecom & IT, Transportation & Logistics, Government & Defense Sector, Hospitality, Industrial Manufacturing, Energy & Utility, Health Care, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Physical Security Information Management (PSIM) Market Analysis

By Component:

  • Software
    • Off-the Shelf
      • On-premise
      • Cloud-based
    • Customized
      • On-premise Physical Security Information Management
      • Cloud-based Physical Security Information Management
    • Service
      • Installation/ System Integration
      • Operation & Maintenance
      • Consulting & Training

By End-Use:

  • Residential
  • Retail
  • BFSI
  • Telecom & IT
  • Transportation & Logistics
  • Government & Defence Sector
  • Hospitality
  • Industrial Manufacturing
  • Energy & Utility
  • Health Care
  • Others

By Region:

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

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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Positive Displacement Sanitary Pumps Market Set for 8.9% Growth, Eyeing US$ 20.2 Billion Valuation by 2032

The Positive Displacement Sanitary Pumps Market revenues were estimated at US$ 7.8 Bn in 2021 and is anticipated to grow at a CAGR of 8.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 20.2 Billion.

India is projected to account for nearly 20% of the APAC positive displacement sanitary pumps market share by the end of 2032. Increasing activities in sectors like agriculture, wastewater management, and pharmaceutical industries post-COVID will have a huge impact on the overall GDP of the country.

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For this reason, the demand for industrial equipment like Positive Displacement Sanitary Pumps is projected to increase in the near future. India’s food and grocery business has been the world’s sixth largest, with retail accounting for 70% of total sales. Furthermore, food processing accounts for 32% of the whole food market.

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Governments across India have established stringent legislation and regulations to address wastewater treatment in urban and industrial regions. Under the regulations, operators must implement water treatment systems in their operations to manage water scarcity issues. As a result, sewage treatment is likely to benefit the positive displacement sanitary pump sector significantly in the near future.

According to Mr. Amitabh Kant, CEO of NITI Aayog, the value of wastewater treatment plants in India was US$ 2.4 Bn in 2019 which is predicted to climb to US$ 4.3 Bn by 2025, as the demand for municipal and sewage water treatment facilities increases across the country. The industry will have a high need for investment, which the private sector may be able to fulfil through technology selection, fund rotation, and execution.

Key Takeaways from the Market Study

The global Positive Displacement Sanitary Pumps Market is estimated to account for a market size of US$ 8.7 Billion by 2022.
The Rotary segment is expected to account for the highest CAGR of 8.2% during the forecast period.
China is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 1.6 Billion during 2022 – 2032.
The market in India is set to experience the highest CAGR of 12.7% during the 2022-2032 forecast period.

Competitive Landscape:

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Positive Displacement Sanitary Pumps Market are focused on R&D to produce innovative technological solutions.

In June 2021, Quantex Arc Ltd., a provider of single-use precision pumping technology, was acquired by PSG, a Dover Corporation subsidiary. When the acquisition finalized, Quantex will be combined into Dover’s Pumps & Process Solutions segment’s PSG business unit. PSG’s presence in biopharma and other sanitary applications has expanded with the purchase of Quantex. Quantex’s recyclable product line will allow the business to broaden its single-use application reach in the biopharma, sanitary, food and beverage, and industrial sectors.

In May 2021, Xylem Inc. announced that it has sold the Jabsco rotary lobe pump product line to the Verder Group. Verder’s position in sanitary pumps for pharmaceutical and food and beverage applications is strengthened by the purchase. The items will be offered under the “Jabsco by Packo” brand throughout the changeover phase. Packo is the Verder Liquids pumps division’s principal sanitary brand, and it comprises centrifugal, twin-screw, and lobe pumps.

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More Insights Available:

Future Market Insights, in its new offering, presents an unbiased analysis of the Positive Displacement Sanitary Pumps Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Positive Displacement Sanitary Pumps Market across five regions (North America, Latin America, Europe, Asia Pacific and 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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Portable Gas Detection Equipment Market Eyes a Robust US$ 2.5 Billion Valuation by 2032, Driven by a Solid 4.3% CAGR

The Portable Gas Detection Equipment Market refers to the industry involved in the manufacturing, distribution, and sales of devices designed to detect and monitor the presence of various gases in the surrounding environment. These devices are typically small, lightweight, and easily transportable, allowing them to be used in a wide range of settings, from industrial workplaces to residential areas.

The Mobile Gas Detection Equipment The market analysis report from Future Market Insights estimates that sales of portable gas detection market equipment will total US$ 1.6 billion globally in 2021. The market is projected to grow by 4.3% by 2032, reaching US$ 2.5 billion. Non-wearables are expected to generate the most income, with a projected CAGR of 3.7% from 2022 to 2032.

Increased shale gas output and technology advancements in extraction are expected to boost the US market. As a result of higher petrol prices and environmental concerns, more individuals are utilising natural gas as a kind of transportation fuel.

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Key Takeaways from the Market Study

  • Global Portable Gas Detection Equipment Market is expected to reach a market size of US$ 1.7 Billion by 2022.
  • The Non-Wearable segment is expected to have the highest CAGR of 3.7% during the forecast period.
  • United States to remain the most dominant market with an absolute dollar growth opportunity of US$ 227 Million during 2022 – 2032.
  • The market in China is set to experience the highest CAGR of 4.8% during the 2022-2032 forecast period.

Competitive Landscape:

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Portable Gas Detection Equipment Market are focused on R&D to produce innovative technological solutions.

  • In April 2020, MSA introduced the TG5000 Gas Monitor, which in a range of light industrial applications, detects oxygen, flammable, and hazardous gases. The TG5000 Monitor, with its large LCD and four relay outputs, may operate completely independently or be linked to a control system through a 4-20 mA output.
  • In October 2020, Honeywell introduced a new gas detection system to assist semiconductor manufacturing plants and other businesses in monitoring job sites, protecting employees and assets, and reducing downtime. The Vertex Edge allows workers to quickly analyze gas readings, warnings, event logs, real-time trends, and overall system status. It also has a basic touchscreen with large display icons.

Major Key Players:

  • Industrial Scientific Corporation
  • Thermo Fisher Scientific Inc.
  • BW Technologies Ltd.
  • Honeywell International Inc
  • Bacharach Inc.
  • Crowcon Detection Instruments, Ltd.
  • RAE Systems Inc.
  • Sierra Monitor Corporation
  • Trolex Ltd.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Portable Gas Detection Equipment Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Portable Gas Detection Equipment Market across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Market Segments Covered in Portable Gas Detection Equipment Market Analysis

By Product Type:

  • Wearable Gas Detectors
  • Non-wearable Gas Detectors
  • Sniffer
  • Others

By End-Use:

  • Oil & Portable Gas
  • Mining
  • Industrial
  • Building Automation
  • Others

By Region:

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

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About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Photonic Integrated Circuits (PIC) Market on Track for a Dazzling 21.5% CAGR, Envisioning US$ 9.4 Billion Global Worth by 2032

The photonic integrated circuits market, US$ 1.1 billion was the market’s estimated 2021 global sales. The market is anticipated to increase by 21.5% between 2022 and 2032, reaching US$ 9.4 billion worth. The greatest revenue-generating segment is anticipated to be optical communications, with a predicted CAGR of 21.5% from 2022 to 2032.

China has seen rapid growth in photonic integrated circuits (PICs) technology during the past ten years. With an absolute growth opportunity of US$ 710.5 million between 2022 and 2032, it is anticipated that the Chinese market would reach US$ 807,8 million.

For the construction of photonic integrated devices for a range of applications focusing on broadband communication, such as optical and wireless networks, optical interconnects, and optical coherent communication, numerous material platforms and construction techniques have been developed.

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Silicon Photonic MEMS, offers outstanding potential for low-power and high-performance photonic devices and creates the framework for efficient integration in very large-scale photonic integrated circuits, as required in programmable and reconfigurable photonic integrated circuits.

These activities have contributed to the development of numerous scientific achievements and innovations, including silicon photonics transceivers, InP-based transceivers, and optical and microwave signal processing systems. Since PICs technology is regarded as one of the crucial enabling technologies for supporting numerous nationally significant projects and strategies, such as broadband communication, supercomputing, and data center, it is likely to be continuously supported over the coming years.

Key Takeaways from the Photonic Integrated Circuit Market Report:

  • Global Photonic Integrated Circuit Market is expected to reach a market size of US$ 1.3 Bn by 2022.
  • The Hybrid Integration segment is expected to have the highest CAGR of 21.5% during the forecast period.
  • United States is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 2.4 Bn during 2022 – 2032.
  • The market in China is set to experience the highest CAGR of 23.6% during the 2022-2032 forecast period.

Competitive Landscape:

  • The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Photonic Integrated Circuits (PIC) Market are focused on R&D to produce innovative technological solutions.
  • In February 2022, Ayar Labs, a photonic chip provider with circuits that carry data between processors significantly faster than typical metal interconnects, announced a “multi-year strategic agreement” with Hewlett Packard Enterprise.
  • In October 2020, Sanan IC, the world’s largest LED manufacturer announced that it has inked a US$ 50 Mn Joint Venture Agreement with POET Technologies. Super Photonics Xiamen Co., Ltd, the company’s subsidiary, has also applied for registration. This is expected to offer transceiver module makers, systems vendors, data center operators, and network providers throughout the world a new generation of cost-effective, high-performance optical engines.
  • In May 2022, to increase reliability and performance across all operating scenarios, Cisco announced that it has combined new predictive technologies with its comprehensive portfolio of observability, visibility, and intelligence capabilities.

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Key Players

  • Agilent Technologies
  • Broadcom
  • Ciena Corporation
  • Enablence
  • II-VI Inc.
  • Hewlett Packard
  • Huawei Technologies Co., Ltd.
  • Infinera Corporation
  • Intel Corporation
  • Broadex Technologies Co., Ltd.
  • Cisco Systems, Inc.
  • MACOM
  • Mellanox Technologies

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Photonic Integrated Circuit (PIC) Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Photonic Integrated Circuits (PIC) Market by Integration Type (Monolithic Integration, Hybrid Integration, Module Integration), By Application (Optical Communications, Sensing, Biophotonics, Optical Signal Processing), By Raw Materials (Indium Phosphide, Gallium Arsenide, Lithium Niobate, Silicon, Silica-on-Insulator, Others), By Components (Lasers, Modulators, Detectors, Attenuators, MUX/DEMUX, Optical Amplifiers) across regions (North America, Europe, Asia Pacific, and RoW).

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Market Segmentation:

By Integration Type:

  • Monolithic Integration PIC
  • Hybrid Integration PIC
  • Module IntegrationPIC

By Application:

  • Optical Communications
  • Sensing
  • Bio-photonics
  • Optical Signal Processing

By Raw Materials:

  • Indium Phosphide
  • Gallium Arsenide
  • Lithium Niobate
  • Silicon
  • Silica-on-Insulator
  • Others

By Components:

  • Lasers
  • Modulators
  • Detectors
  • Attenuators
  • MUX/DEMUX
  • Optical Amplifiers

By Region:

  • North America
  • Europe
  • Asia Pacific
  • RoW

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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