Space Tourism Industry Soars to New Heights with a Projected US$ 13,239.5 Million Market by 2033 | FMI

The worldwide space tourism industry is expected to reach US$ 678.3 million in 2023, according to Future industry Insights (FMI). Space tourism is expected to see growth in sales between 2023 and 2033 at a 38.6% CAGR. By 2033, the total market valuation is expected to reach US$ 13,239.5 million.

Space tourism industry is a growing market with innovations and technological advancements. Several prominent companies such as SpaceX are introducing reusable rocket technology. This is making the space flights accessible and more affordable for humans.

With the launch of commercial suborbital travels, there is going to be a subsequent change in the experiences that these travels will offer in the future. There are speculations however, that high net income people or private researchers will get direct access to space tourism in the upcoming future but it brings certain limitations when it comes to ordinary citizens.

These suborbital trips and spaceflights will bring growth opportunities for space tourism. They will also aid in scientific research purpose. Besides this they will allow travel enthusiast to get new fascinating space experience.

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Rising popularity of space tourism across emerging countries will bring new opportunities. Reduction in prices due to integration of novel space technologies will boosts sales.

However, there could be a severe environmental impact of space tourism. Hence, proper solution needs to be implemented to avoid trouble in the future. Space tourism also presents itself with another challenge which is the affordability. It is still presented as luxury due to its cost.

New initiatives are being taken to ensure that there is a complete benefit of space tourism in the commercial market.

Key Takeaways for Space Tourism Market Report:

  • The market for space tourism is forecast to reach a valuation of US$ 13,239.5 million by 2033.
  • Global space tourism revenue is set to rise at 6% CAGR between 2023 and 2033.
  • Online booking channel is likely to hold around 65% during the assessment period.
  • By age group, 16 to 25 category will reflect a CAGR of 9% through 2033.
  • By demographic, male segment generates most of the revenues in space tourism market.
  • The United States space tourism market will exhibit marvellous growth through 2033.
  • The space tourism industry in India is set to generate lucrative revenues.

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Key Players:

  • Blue Origin
  • Virgin Galactic
  • Space X
  • Airbus Group SE
  • Boeing
  • ZERO-G
  • Airbus Group SE
  • Axiom Space
  • Bigelow Aerospace
  • Orion Span
  • Space Adventures
  • Space Perspective
  • World View Enterprises
  • Zero2Infinity

Space Tourism Market by Category

By Direct Suppliers:

  • Airlines
  • Hotel Companies
  • Train
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • OTA (Online Travel Agency)
  • Traditional Travel Agencies
  • TMC’s (Travel Management Companies)
  • Corporate Buyers
  • Aggregators

By Number of Bookings:

By Age:

  • Under 15
  • 16-25
  • 26-35
  • 36-45
  • 46-55
  • Over 55

By Tourism Type:

  • Stratospheric
  • Suborbital
  • Orbital
  • Others

By Demographic:

  • Male
  • Female
  • Kid

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Offline Booking
  • Online Booking

By Tour Type:

  • Individual Travel
  • Professional Groups
  • Group Travels

By Country:

  • USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Russia
  • India
  • China
  • Japan
  • Malaysia
  • Singapore
  • Australia
  • United Arab Emirates
  • KSA
  • Italy
  • Europe
  • Rest of the World

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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Rural Tourism Market Sector Eyes US$ 198.3 Billion Mark with 6.8% CAGR by 2033 | FMI

A new analysis by Future Market Insights (FMI) projects that the rural tourism industry would be valued at US$ 102.7 billion by 2023. With sales expected to grow at a robust 6.8% CAGR, the company is expected to be valued at US$ 198.3 billion on the market in 2033.

In essence, rural tourism refers to activities carried out in sparserly populated areas. These areas have picturesque natural beauty and are primarily near farms and agricultural terrain. Seasons and regional cultural events have a major impact on rural tourism.

The market for rural tourism is highly participatory and is anticipated to improve the economic and social well-being of people. In recent years, burgeoning popularity of rural tourism has resulted in the establishment of several local businesses. These businesses are thriving by showcasing local cultures, cuisines, landscapes, and activities.

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However, rural tourism development is facing several challenges. For instance, waste is increasing across rural regions in the world where tourism is escalating. These regions do not have the infrastructure to manage waste. As a result, most of the waste is being dumped in the open.

Players in the market for rural tourism need to find ways of reducing the burden of waste. Governments should also get involved to make people aware of the damage to the environment being done through poor waste disposal practices. Green tourism, a particular sub-segment of rural travel, is picking up pace as a result.

Local players responsible for accommodation, food, and activities for tourists should step up to ensure that visitors follow sustainable practices. They should also maintain a fine balance between profitability and sustainability.

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Key Takeaways:

  • The global market for rural tourism reached a valuation of US$ 96.9 billion in 2022.
  • In 2023, the global market is likely to reach a US$ 102.7 billion
  • Between 2023 and 2033, the global market is poised to register a healthy 8% CAGR.
  • From 2018 to 2022, the global market recorded a slow CAGR of 9%.
  • By booking channel, the online segment is anticipated to hold a noteworthy share of 70% in the rural tourism industry.
  • The online segment is set to accelerate at an impressive 4% CAGR in the coming years.
  • Elderly people between the age group of 55 to 59 should reflect a CAGR of 5% and drive market expansion.

Key Players:

  • Village Ways
  • Himalayan Ark
  • Butterfield & Robinson
  • World Expeditions
  • Yatra.com
  • Condor Airlines
  • Lufthansa
  • Singapore Airlines
  • Martin Randall Exodus Travel
  • Beaches of Normandy Tours

Rural Tourism Market by Category

By Direct Suppliers:

  • Airlines
  • Hotel Companies
  • Car Rental
  • Train
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • OTA (Online Travel Agency)
  • Traditional Travel Agencies
  • TMC’s (Travel Management Companies)
  • Corporate Buyers
  • Aggregators

By Age:

  • Below 15 years
  • 16 to 25
  • 26 to 35
  • 36 to 45
  • 46 to 55
  • Over 55

By Tourism Type:

  • Agro Tourism
  • Farm Tourism
  • Wilderness and Forest Tourism
  • Green Tourism
  • Eco-Tourism

By Demographic:

  • Male
  • Female
  • Kid

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Offline Booking
  • Online Booking

By Tour Type:

  • Individual Travel
  • Professional Groups
  • Group Travels

By Country:

  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Russia
  • India
  • China
  • Japan
  • Malaysia
  • Singapore
  • Australia
  • UAE
  • KSA
  • Italy
  • Qatar
  • Oman
  • Rest of World

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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Travelers Identity Protection Services Market Predicted to Grow at 8.7% CAGR, Reaching US$ 23,056.4 Million by 2033 | FMI

The global travelers’ identity protection services market is anticipated to create an absolute dollar opportunity over the forecast period from 2023 to 3033 by registering a CAGR of 8.7%. The global market is estimated to garner a revenue of US$ 10,011.4 Million in 2023 and is expected to be around US$ 23,056.4 Million by 2033. Millions of travelers globally have suffered as a result of the growing identity cloning trend. According to a recent study presented by the Federal Trade Commission, more than 8 million Americans become victims of identity theft each year.

According to the latest updates, the travelers’ identity protection services market has witnessed staggering and unparalleled growth rates in the past few years and has been experiencing an upward trend ever since.

Identity theft is a growing social ill that has a debilitating impact on the world economy and is a problem for the tourism sector. The travel industry depends heavily on expensive and innovative technologies, which are primarily employed to enhance service levels. A lot of third-party online sites for travel purposes have emerged. Numerous financial and commercial organizations located all over the world have been destroyed by this new crime trend.

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In order to safeguard travelers from potential identity theft, identity protection services have been devised. Travelers can choose from a variety of reliable identity protection options on the market. Although identity protection services are cutting-edge, they cannot offer a traveler a true sense of security. The market for these services is thus accelerating with time.

Key Takeaways

  • In today’s tech-savvy world, the service industry has significantly accelerated and the travel industry is a crucial part of it and is highly dependent on the same. These days, majority of the people prefer convenience and speed over all other factors.
  • This led to a spike in the demand for online facilities, thereby offering opportunities for the agencies to scale up and enabling them to improve customer experiences. Therefore, a great number of online facilities for travel purposes were introduced to improve customer satisfaction.
  • Gradually, these online transactions became a major source of fraud, data breaches, identity cloning, etc. With this, a dire need for theft protection services was felt. Such risk concerns are among the major contributors to the rapid expansion of this industry.
  • The travel industry is set to witness a significant increase in the number of international arrivals during the forecast period. As per the recent findings, it is estimated that by 2030 the industry will observe a 50% growth in the number of international arrivals. Hence, the Travelers Identity Protection Services Market is expected to grow tremendously due to the increasing security threats along with limited infrastructure.
  • The development of the IT sector and the concept of machine learning, biometrics, etc. offer numerous opportunities for this market to flourish during the forecast period. Moreover, this will also contribute to the economy by increasing revenue and generating job opportunities. Additionally, the introduction of facilities such as cryptography, state and non-state entities of electronic passports, etc will also assist in reducing the risk factors.

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Competitive Landscape

With elevating pressure on the travel and tourism industry, the security and safety of visitors continue to be one of the foremost concerns for the authorities. Acquiring information about the customers is crucial for travel agencies but it should be done in compliance with the existing governing rules and regulations.

IT companies are anticipated to create significant advancements in order to minimize the predicted risks. Numerous businesses are developing reliable and efficient techniques to deftly resist the malice of identity theft. Some of the identity protection service companies with operations worldwide are ID Watchdogs. Moreover, the government can also deploy true and fair resources to improve security and enhance the customer experience.

More Insights into the Travelers Identity Protection Services Market

Attributing to a steadily rising trend in the travelers’ identity protection services market, there has been a significant surge in the competition levels as well which further led to the depleting quality of technology and tools available.

The South East Asian market which is currently at the initial stages of development is one of the major contributors that restrain the growth owing to the low level of awareness among the residents.

Travelers Identity Protection Services Market by Category

By Type:

  • Credit Card Fraud
  • Bank Fraud
  • Phone Fraud

By Region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East
  • South Africa

By Booking Type:

  • Online Booking
  • Direct Booking
  • Phone Booking

By Consumer Orientation:

  • Men
  • Women
  • Children

By Tourist Type:

  • Domestic
  • International

By Age Group:

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

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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Global Microcurrent Facials Market is in For an Astonishing Journey, As Suggested by FMI Research, With Expectations Reaching US$ 754.38 Million By 2033

Microcurrent Facials Market
Microcurrent Facials Market

The Microcurrent Facial Market refers to the industry and market for devices, treatments, and products that utilize microcurrent technology for facial rejuvenation and skincare. Microcurrent facials are non-invasive cosmetic procedures that involve the application of low-level electrical currents to the facial muscles and skin, with the aim of toning, firming, and improving overall skin appearance.

Microcurrent technology is based on the principle that the electrical currents mimic the body’s natural electrical signals, stimulating the production of collagen, elastin, and ATP (adenosine triphosphate) in the skin. This, in turn, can promote increased muscle tone, improved circulation, and a reduction in the appearance of fine lines and wrinkles.

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The global Microcurrent Facial Market is predicted to grow at a CAGR of 7.3% from 2023 to 2033, according to recent market research by FMI. The market is anticipated to grow to a US$ 400.12 million valuation in 2023. The valuation is projected to increase to US$ 754.38 million by 2033.

The microcurrent facial market has experienced significant growth in recent years, driven by increasing consumer interest in non-surgical anti-aging treatments and the desire for more natural and non-invasive approaches to skincare. The market includes a range of products and devices, including handheld devices for home use and professional-grade equipment used in spas and skincare clinics.

The effectiveness of microcurrent facials and the market’s growth potential have led to increased research and development in this field. Manufacturers are continually innovating to create more advanced and user-friendly devices, incorporating features like multiple treatment modes, customizable settings, and wireless connectivity. Moreover, the market is also witnessing the integration of microcurrent technology into other skincare and beauty devices, such as facial rollers and masks, further expanding the range of options available to consumers.

It’s worth noting that while microcurrent facials can provide noticeable results for some individuals, the effectiveness may vary depending on factors such as individual skin condition, age, and consistency of use. As with any cosmetic procedure or skincare regimen, it’s important to consult with a skincare professional or dermatologist to determine the suitability and safety of microcurrent facials for specific individuals.

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Key Takeaways:

  • Microcurrent facial treatment is becoming a popular choice in the United States due to its cost-effectiveness compared to more invasive cosmetic procedures.
  • Europe is a well-known hub for medical tourism, attracting numerous individuals from other countries seeking cosmetic treatments. The region’s reputation for offering top-notch microcurrent facial treatments has been a significant contributor to the growth of the market.
  • According to the Plastic Surgery Statistics Report, there were 13.2 million minimally-invasive cosmetic procedures conducted in 2020. The market’s expansion is attributable to the introduction of different insurance schemes covering aesthetic and cosmetic procedures, which has raised consumer awareness and acceptance of these treatments.

Competitive Background:

The key players operating in the microcurrent facial market are investing in mergers and acquisitions in order to gain a significant market share. The manufacturers are also investing in research and development and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the microcurrent facial market. As a result, market participants are likely to have a better overall revenue share in the global microcurrent facial market.

Recent Developments in the Microcurrent Facial Market:

  • In 2019, CACI International, the United Kingdom-based company specializing in non-surgical anti-aging treatments, acquired the assets of Silhouette Beauty Group, a distributor of CACI products in Australia.
  • LightStim, a company that produces LED light therapy devices for skin rejuvenation, acquired an interest in a microcurrent facial device company called TAMA Research Corporation in 2015.

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Significant Market Players:

  • Skin Body Health Clinic
  • Skintherapy
  • American Face and Body Clinic
  • Medicis Medical Spa
  • SkinLab USA
  • Skinglow Clinic
  • Wyndham Place Clinic
  • Enhance Aesthetics and Laser Clinic
  • The Ottawa Skin Clinic
  • Renajo Skin Clinic

Key Segments of Microcurrent Facial Industry Survey:

Application:

  • Anti-aging
  • Skin Tightening
  • Skin Rejuvenation
  • Others (Dark circle reduction, minor contouring)

End User:

  • Medspa
  • At-home
  • HCP-owned clinic

By Region:

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

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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:        

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Future Market Insights Inc.
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T: +1-845-579-5705
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Managed Network Services Market to Grow at 7.8% CAGR Towards US$ 130.9 Billion by 2032

The managed network services market is assessed to be evaluated at US$ 61.9 Billion in 2022, expected to arrive at US$ 130.9 billion by 2032 with a CAGR of 7.8% during the conjecture time frame from 2022 to 2032.

A Managed Network is a communication network that is built, operated, secured, and managed by a third-party service provider. A variegated range of stakeholders which includes prime network providers (generally a telecom company), system integrators, and end-use enterprises together in collaboration set up a network, either over cloud infrastructure or in-house.

However, the service is always managed by the service providers, thus, transferring the risk and complexities associated to the third party, enabling businesses to focus more on their core business objectives. Integrating with a managed network service provider allows the organization to outsource the infrastructure, support, and technical maintenance, many times inclusive of servers, routers, switches, firewall software, etc.

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Managed Network Services include managing Ethernet WAN, MPLS, Internet lease lines, etc., as these form the basis of modern-day IP-based communication in most organizations, and demand for managed network services is rising.

Thus, as network complexity rises and business plans to focus more on their core products, demand for Managed Network Services is expected to expand with an impressive CAGR over the forecast period.

Managed Network Services Market: Drivers & Restraints:
The major factors boosting the growth of the Managed Network Services market are rising globalization, digitization, and increasing use of cloud and BI/Analytics across all industry verticals.

With rising operational complexity due to organizations integrating more cloud, social, mobile, and big data, most CIOs are increasingly considering Managed Network Services as a part of their Network Strategy.

Thus, as Networks become more complex, the need for Managed Services is getting higher preference. As financial companies and banks continue to integrate advanced technologies with their operations and expand their geographical reach, Managed network services are expected to see high adoption in the BFSI sector. Furthermore, with increasing incidences of network security breaches, companies are increasingly preferring a Managed service provider over in-house maintenance, to ensure high expertise deployment.

The lack of IT Workforce skilled with expertise in the cloud era is another factor for organizations triggering them to deploy Managed Services.

Over the forecast period as organizations become more and more dependent on technologies such as IoT, AI, Augmented and Virtual Reality, Robotics and Automation, Network Services, Security and Network Uptime are of crucial importance. Thus, Managed Network Services become a key priority.

Managed Network Services Market: Regional Outlook:
Geographically, the Managed Network Services market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa.

The Managed Network Services market is expected to register a healthy CAGR during the forecast period as most organizations from across the world continue to expand geographically, along with extensive digitalization.

North America and Europe are expected to remain leaders considering the demand for Managed Network Services, as most businesses including SMEs in these region shows high digitalization efforts. Furthermore, Asia Pacific Exc. Japan, is projected to be the fastest-growing market in terms of penetration of Managed Network Services.

China and India in particular are expected to drive the demand for Managed Network Services in Asia Pacific Exc. Japan. Furthermore, as Internet penetration rises and most organizations expand geographically in the Middle East and Africa region, demand for Managed Network Services is expected to increase throughout the forecast period.

A few countries in Latin America, particularly Brazil, Chile, and Argentina are expected to fuel the demand for Managed Network Services, on the backdrop of government efforts in the region.

Leading Key Players:

  • Verizon Communications Inc.
  • Telstra Global
  • AT&T Inc.
  • China Telecom
  • NTT Communications
  • HCL Technologies
  • Wipro Limited
  • Nokia Corporation
  • IBM Corporation
  • Cisco Systems Inc.
  • Vodafone Group plc
  • Tata Communication
  • Bharti Airtel
  • Reliance Communication
  • Sift Technologies Ltd.

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

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.

Managed Network Services Market Segmentation:

By Service:

  • Managed WAN
  • MPaLS
  • ILL
  • Other Related Services
  • Managed LAN
  • Virtual Network Services
  • Network Security
  • NLD/ILD
  • Other Services

By End-Use Industry:

  • Banking and Financial Services
  • Manufacturing
  • Communication, Media, and Services
  • Retail and Wholesale
  • Healthcare
  • Utilities
  • Construction
  • Education
  • Government
  • Agriculture

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a 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.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Luxury Yacht Market All Set to Cruise Past US$ 19,924.7 Million Milestone with 9% CAGR by 2033 | FMI

It is expected that the luxury yacht market will do well globally between 2023 and 2033. By the end of 2023, the market is projected to bring in US$ 8,812.4 million in revenue. The luxury boat industry is projected to grow to a value of around US$ 19,924.7 million by 2033. Manufacturers of luxury yachts, brokerage houses and brokers, designers, harbor management services, the equipment and accessory industries, journalists, and prospective purchasers are among the key players in the market.

The word yacht is derived from the Dutch word ‘jacht’ meaning hunt. Luxury yachts are also known as “Floating Palaces or Floating Real Estates”. They are the epitome of luxury spending. Luxury yachts are privately owned, professionally crewed, and highly expensive motor yachts. In addition to that, the luxury yacht market is both a B2B and B2C market as HNWI (high net worth individuals) and UHNWI (ultra-high net worth individuals) are the direct customers, also there are companies that buy luxury yachts for commercial purposes.

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Luxury yacht manufacturing companies are obsessively focused on quality because it is the prime differentiating factor between luxury yachts and non-luxury yachts. These companies manufacture luxury yachts using fast patrol vessels, frigates, and interceptors, which are used by world navies for high security. Growing awareness of environmental protection has led to the manufacture of solar luxury yachts.

Key Takeaways

  • Yachting along coastal locations is gradually becoming popular across various countries. The formulation of favorable policies has been effective in promoting coastal and marine tourism which has consequently led to a boost in yachting tourism as well.
  • The adoption of private boats for leisure, client meetings, and large-scale parties has become quite prevalent. In order to explore new locations with a smaller crowd, regions such as Asia Pacific, Antarctica, and the Middle East are preferred for yachting.

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  • Another crucial reason for the growth of luxury yachting tourism has been the availability of renting of charter boats. Rentals for yachts are available on a weekly basis which further increases the accessibility of luxury yachting. With increased government participation to create yacht facilities and to invest in yachting, the future looks bright and full of potential.
  • Over the upcoming years, the number of ultra-wealthy households consisting of assets worth $100 a million or more is projected to increase by 70% in the next five years. Shipyards have therefore started to invest in new facilities and technologies to meet the expected demand which will eventually lead to growth in the market for Luxury Yachts.
  • The millennials from the new generation ranging from the age group 35 to 45 years have become highly environmentally conscious. This is extremely important to factor in since up to 40% of yacht buyers are now millennials. Therefore, the sector is slowly switching to green yachting by adopting a eco-friendlier approach.
  • 2050, the International Maritime Organization has instructed the maritime industry to reduce greenhouse gas emissions by 50 percent from 2008 levels by the year 2050 and to reduce the carbon footprints of their boats. Electric yachts are also becoming quite popular.

Competitive Landscape

Dominant players across the global luxury yacht market comprise 60% of the total market share. In addition to that, the semi-custom luxury yacht market has seen a surge in demand in recent years which might be due to these categories of yachts offering a good balance of customization and off-the-shelf predictability and simplicity.

Key Players:

  • Ferretti Group,
  • Lurssen,
  • Feadship,
  • Princess Yachts,
  • Sunseeker

Luxury Yatch Market by Category

By Direct Suppliers:

  • Hotel Companies
  • Tour Operators
  • Government Bodies

By Indirect Suppliers:

  • OTA (Online Travel Agency)
  • Traditional Travel Agencies
  • TMC’s (Travel Management Companies)

By Number of Bookings:

By Type:

  • Motor Yacht
  • Sailing Yacht

By Visit Purpose:

  • Business
  • Personal

By Tour Type:

  • Independent Traveler
  • Package Traveler
  • Tour Group

By Age:

  • Under 15
  • 16-25
  • 26-35
  • 36-45
  • 46-55
  • Over 55

By Demographic:

  • Male
  • Female
  • Kid

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

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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The Green Technology And Sustainability Market Soars: A 22.4% CAGR Forecast Towards US$ 122.69 Billion by 2032.

The market for green technology and sustainability market is expected to grow at an incredible 22.4% CAGR between 2022 and 2032. The market for green and sustainable technology is expected to increase from US$ 16.25 billion in 2022 to US$ 122.69 billion in 2032

Companies and communities aiming to shift the economy toward a low-carbon future are anticipated to invest in long-term zero-carbon power contracts and intelligent, data-driven energy solutions. The adoption of green technology and sustainable solutions is anticipated to increase as this trend gains momentum in the next years.

The rising use of RFID sensors across industries is fueling the need for green technology and sustainability-related goods and services. Major leading organizations are progressively choosing these solutions due to the broad adoption of smart grid technology across a range of industries and its benefits in terms of cost-effectiveness, dependable grid integration, and technological developments in green technology.

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Throughout the projection period in emerging economies, it is predicted that the size of this green technology and sustainability market will increase significantly. One of the main elements influencing the growth of the green technology and sustainability sectors is the possibility for technical enterprises to reduce the number of carbon emissions and energy consumption produced by these wireless devices.

The proliferation of green technology and sustainability providers in North America is primarily responsible for the market’s growth. In the Asia Pacific area, there are likely to be significant investment opportunities in the market for green technology and sustainability.

Key Takeaways From The Green Technology And Sustainability Market Report:

  • The green technology and sustainability market is predicted to develop at a CAGR of 22.4%, with a market share of US$ 122.69 billion through 2032.
  • The green technology and sustainability market share in North America is estimated to have a CAGR of 20.8% through 2032.
  • Asia Pacific is expected to have a greater growth potential in the green technology and sustainability market during the forecast period.
  • Based on components, the Solution segment is expected to have the biggest green technology and sustainability market.
  • Based on the technology, the cloud computing segment is anticipated to have the highest green technology and sustainability market share during the forecast period.
  • Based on the application, the green building segment is projected to have greater green technology and sustainability market share during the forecast period.

Competitive Landscape:
The market for green technology and sustainability is now crowded with manufacturers who are actively competing for market share. The green technology and sustainability market is anticipated to be dominated by a small number of players.

Leading Key Players:

  • General Electric
  • Wolters Kluwer N.V.
  • Salesforce, Inc.
  • Microsoft
  • Schneider Electric
  • Engie Impact
  • Cority (Enviance)
  • Sensus, a Xylem brand
  • LO3 Energy
  • CropX Inc.

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Green Technology And Sustainability Market Segmentation:

By Component:

  • Solution
  • Services

By Technology:

  • AI and Analytics
  • Digital Twin
  • Cloud Computing
  • Blockchain
  • Others

By Application:

  • Green Building
  • Carbon Footprint Management
  • Air and Water Pollution Monitoring
  • Weather Monitoring and Forecasting
  • Fire Detection
  • Crop Monitoring
  • Soil Condition/ Moisture Monitoring
  • Forest Monitoring
  • Sustainable Mining and Exploration
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & 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,
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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E-Scooter Sharing Market’s Meteoric Rise: Anticipating US$ 5.7 Billion by 2032 with a 17.9% CAGR.

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

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

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

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

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

Leading Key Players:

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

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E-scooter sharing Market Segmentation:

By Type:

  • Free-floating
  • Station bound

By Scooter Type:

  • Kick Scooter
  • Smart Scooter

By Region:

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

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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HVAC Software Market’s Bright Future: A 7.9% CAGR Propelling it to US$ 1.5 Billion by 2032.

The HVAC software market is poised for a remarkable triumph, with projections indicating substantial growth to reach US$ 1.5 billion by the year 2032. This impressive surge is propelled by a robust (CAGR) of 7.9%

As the demand for efficient heating, ventilation, and air conditioning systems continues to rise, the HVAC Software Market is at the forefront of this transformative industry. With advancements in technology, software solutions tailored to the HVAC sector are becoming increasingly indispensable, providing businesses and consumers with innovative tools to optimize energy consumption, reduce costs, and enhance overall comfort. This sector’s promising trajectory underscores the critical role that HVAC software plays in shaping the future of climate control systems.

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COVID-19 Pandemic Affecting the Market with Digitization Becoming the Need of the Hour:
The reduction in demand and supply-side shortages in the HVAC systems market, as well as the labor shortage of skilled technicians, adversely affected the market. However, the optimization of existing labor is the emerging need of the hour, with companies turning to the utilization of HVAC software to meet it. Enterprises also benefit from the fact that HVAC software facilitates the collaboration of different professionals through easy access to varied data.

The US to Command the Larger Proportion of demand for HVAC Software throughout the Analysis Period:
The US, which accounted for over 36% of the global HVAC Software Market in 2021 is expected to continue being a key player. This is due to the growing demand for HVAC systems after the popularity of smart and sustainable technology. The market in the U.S. is estimated to account for a US$ 272.9 Million absolute dollar opportunity between 2022 and 2032, with a CAGR of 7.7% during the forecast period.

A key component of demand is that HVAC software helps enterprises get the best possible results from technicians:
HVAC software can help assign the best possible technician for a job, taking into account various factors such as geographic location, skill level, review history, and distance from the consumer. It also ensures that enterprises can monitor technicians efficiently.

HVAC Software Market: Competition Insights

Competitive Landscape:
At present, HVAC providers are focusing on increasing their presence and reach while developing new technologies. They are focusing on developments that will ensure further optimization of performance to increase usage in downstream applications.

Leading Key Players:

  • Daikin
  • Johnson Controls
  • LG Electronics
  • Carrier
  • Trane Technologies
  • Emerson
  • Honeywell
  • Mitsubishi Electric
  • Samsung
  • Nortek
  • Codefied Inc.
  • Dataforma Inc.
  • Fergus Software Limited
  • FieldEdge
  • GorillaDesk
  • ServiceTitan
  • Housecall Pro
  • MHelpDesk
  • Synchroteam
  • SimPRO
  • Work Wave LLC
  • Verizon Connect
  • Jobber Software

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Some of the recent developments in HVAC Software are as follows: 

  • In April 2022, Daikin Comfort Technologies North America Inc. (Daikin) and XOi Technologies collaborated to provide an AR and AI curb-to-curb field services solution with the aim of improving efficiency and bottom line using XOi software and automating the workflow.
  • In January 2022, Energy Design Systems launched EDS, which is a suite of solutions and services that can be used for load calculations and home energy audits.
  • In December 2021, Motili announced an integration with Yardi. This integration will mean Motili will take advantage of Yardi Voyager’s web-based HVAC software solution with mobile access, integrated end-to-end capabilities, and the capacity for management of larger portfolios that will automate workflow, increase transparency, and optimize the services provided.

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

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

HVAC Software Market Segmentation:

By Deployment:

  • Cloud-Based HVAC Software
  • Web-based HVAC Software

By Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Help Desk Software Market’s Prosperous Path: Poised to Attain US$ 26.8 Billion by 2032, Growing at 9.4% CAGR

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

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

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

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

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

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

Leading Key Players:

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

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

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

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

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

Help Desk Software Market Segmentation:

By Type:

  • Cloud-Based Helpdesk Software
  • Web-based Helpdesk Software

By Industry:

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

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

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