Market Research Blog – Page 4314 – New Product Development

Grant Management Software Market to Surpass Expectations with a 10.3% CAGR, Predicted to Attain US$ 6,742.4 Million by 2033

The grant management software market is on a promising growth path, expected to reach a staggering US$ 6,742.4 million by 2033. This remarkable growth is projected with a strong 10.3% annual increase.

SMEs are becoming prevalent in developing nations and are likely to utilize software-based automated solutions. As SMEs place huge emphasis on automated solutions to improve business operations, there is an increase in the demand for grant management software.

Businesses comprehend budget prediction and grant budget reports due to grant management software analytics. Companies in underdeveloped countries are becoming aware of the advantages of grant management solutions and adopting advanced technologies.

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The primary driver of the grant management software industry is the rising adoption of new technologies like AI and ML (Machine Learning). A good opportunity to assess and lessen risks for grantors and grant recipients is presented by the automation and digitization of the entire grant process.

As it is more focused on grant projects and follows standardized regulations than other regions, North America was an early adopter of grant management solutions. An enormous volume of data is being produced by North American businesses as a result of the quick uptake of new technologies. Hence, these solutions are being used more frequently to retain and manage this data for on-demand accessibility.

Recent Developments:

Workday improved the functionality of its grants management software in September 2019 to provide users with a better experience. Some new skills were added to it, which include:
- Enhanced reporting through the new Principle Investigator (PI) portal
- Real-time data reporting
- Greater visibility into sub-awards
- Processing of cost transfers
- Personnel Accounting Adjustments (PAAs)
In April 2022, the department replaced the current G5 system with an open and flexible cloud-based system as part of a collaborative effort. It is directed by the Innosoft Company and makes use of technologies from Amazon Web Services (AWS), Red Hat, and IBM’s domain knowledge.
This is done by the department’s purpose to develop educational quality and guarantee equal access, to improve student accomplishment and preparation for global competitiveness.
The department’s critical grant-making business process is supported throughout its life cycle by the G5 grants management system. It also processes payments for federal student aid programs like Pell Grants and campus-based aid.

Leading Key Players:

Wizehive
Salesforce.org LLC
Submittable
Oracle
Workday Inc.
AT&T
Alphabet Inc.
Amazon.com Inc.
Apple Inc.
Baidu Inc.
Comverse Technology Inc.
Google LLC
InMobi
Kongzhong Corp.
Vodafone Group Plc

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Grant Management Software Market Segmentation:

By Component:

Solution
Service

By Function:

Performance and Outcomes Measurement
Application Tracking
Collaboration
Document Management
Reporting
Others

By Deployment Mode:

Cloud
On-premise

By Organization Size:

SMEs
Large Enterprises

By End User:

Government
International and National Organizations
Healthcare and Human Services
Corporations
Educational Institutions
Others

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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Peptide Drug Conjugates Industry is poised to evolve into a US$ 5,331.83 Million by 2033, promising a novel approach to disease management | FMI

The Peptide Drug Conjugates Industry refers to the pharmaceutical sector focused on the development and commercialization of therapeutic compounds that combine peptides with other molecules, such as small molecules or antibodies. These conjugates offer targeted delivery and enhanced therapeutic efficacy for a wide range of diseases, including cancer, metabolic disorders, and infectious diseases.

The PDC market has been gaining significant attention in recent years due to the potential advantages offered by these compounds. By attaching a peptide to a drug or a targeting moiety, PDCs can specifically target diseased cells or tissues, improving the drug’s efficacy and reducing side effects. This targeted approach allows for more precise treatment, leading to better patient outcomes.

The market for PDCs has been growing steadily, driven by factors such as increasing prevalence of chronic diseases, advancements in peptide synthesis and conjugation technologies, and the demand for personalized medicine. Additionally, the rising interest in biologics and the development of novel peptide-based therapies have further propelled the growth of the PDC market.

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The global Peptide Drug Conjugates Industry is expected to be worth US$ 861.12 million in 2023 and US$ 5,331.83 million by 2033. Over the forecast period of 2023 to 2033, the predicted growth rate is about 20%. The growth of the market is attributed to the global upsurge in cancer cases and related mortality, strong clinical trial pipeline with peptide drug conjugates (PDCs) and associated side effects of the existing products such as uncontrolled toxicity associated with small molecule chemotherapeutic agents.

Key Takeaways from the Market Study:

By product, Lutathera segment accounted for the largest share of 80.5% in 2022
Based on type, therapeutic segment dominated the Peptide Drug Conjugates Industry with the revenue share of 82.3%.
North America dominated the global market in 2022 with a revenue share of 45.62%.
Asia Pacific is expected to witness a growth rate of 27.4% during the forecast period.

“Increasing awareness about current treatment options, favorable reimbursement policies, and improved patient affordability are the factors expected to drive the market growth.,” says an analyst at Future Market Insights.

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Key Market Players:

Major players are channelling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market. Key players in the Peptide Drug Conjugates Industry are:

Novartis AG
Oncopeptides AB
Bicycle Therapeutics
AstraZeneca
Cybrexa Therapeutics
Angiochem Inc.
Innovasium Soricimed Biopharma
Theratechnologies
Coherent Biopharma
WuXI STA

In November 2022, Cybrexa Therapeutics and Exelixis, Inc. announced the collaboration agreement providing Exelixis the right to acquire, first-in-class peptide-drug conjugate (PDC), CBX-12. This initiative is expected to expand its clinical pipeline for targeted drug therapy.

In December 2021, Coherent Biopharma and WuXi STA announced the strategic partnership agreement to develop their current and future therapeutic drugs including peptide drug conjugates.

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More Valuable Insights:

Future Market Insights, in its new offering, presents an unbiased analysis of the global Peptide Drug Conjugates Industry, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

Key Market Segments Covered in the Global Peptide Drug Conjugates Industry:

By Product:

Lutetium
Melflufen
ANG1005
BT1718
CBX-12
Other Pipeline Products

By Type:

Therapeutic Peptide Drug Conjugates
Diagnostic Peptide Drug Conjugates

By Region:

North America Peptide Drug Conjugates Industry
Latin America Peptide Drug Conjugates Industry
Europe Peptide Drug Conjugates Industry
Asia Pacific Peptide Drug Conjugates Industry
Middle East & Africa Peptide Drug Conjugates Industry

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IoT Communication Protocol Market Grows at a 4.5% CAGR, Envisioning US$ 24.6 Billion by 2032

The IoT communication protocol market is expected to experience substantial growth in the coming years, with a projected value of US$ 24.6 billion by the year 2032. This growth is anticipated to be driven by a CAGR of 4.5%.

As IoT continues to evolve and become increasingly integrated into our daily lives, the demand for efficient and reliable communication protocols is on the rise. These protocols are crucial for enabling smart homes, industrial automation, connected vehicles, and many other IoT applications.

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Consumer electronics are integrating IoT communication protocols as they enable connectivity and communication across devices. These facilitate the development of connected and smart products further.

These protocols give data sharing a defined structure and make it possible for devices from various manufacturers to work together. They aid in guaranteeing smooth data transport and communication. Smart home appliances frequently use Wi-Fi to connect to a network at home and the internet.

Bluetooth is often utilized in audio and wearable technology. Consumer gadgets using IoT connection protocols can perform functions, including remote monitoring & control, real-time data analysis & feedback, and improved device compatibility.

Standardization and interoperability through IoT communication protocols are vital as IoT devices are being adopted more widely in consumer electronics. These are improving user experience and enabling smooth data sharing and communication between devices.

Demand for IoT communication protocols that can support edge devices is expected to increase. Edge computing, which involves processing IoT data at the edge of networks, is set to become highly popular by 2032.

Edge computing decreases the quantity of data that needs to be transferred to the cloud and allows for real-time data processing. It can lower the need for bandwidth while enhancing device performance.

The usage of IoT has increased significantly recently all across the world. Around 8.6 billion IoT devices were present worldwide in 2019. As IoT device adoption accelerated globally, the total number of IoT devices was estimated to be 12.14 Billion in 2022.

By 2030, it is predicted that there will be about 23.14 Billion IoT devices on the planet. The need for IoT communication protocols is anticipated to rise over the course of the assessment period as there are more IoT devices in use worldwide.

Key Takeaways from the IoT Communication Protocol Market Report:

The global IoT communication protocol industry exhibited a CAGR of 3% in the historical period from 2017 to 2021.
The United States IoT communication protocol industry is expected to be worth US$ 7.5 Billion by 2032.
The United Kingdom IoT communication protocol industry is anticipated to reach a valuation of US$ 1.2 Billion in 2032.
By type, the Wi-Fi segment is expected to bolster at a CAGR of 4% from 2022 to 2032.
Based on application, the consumer electronics segment exhibited a CAGR of 0% from 2017 to 2021.

Leading Key Players:

NXP Semiconductors
STMicroelectronics
Texas Instruments
Mediatek
Synopsys
Microchip
Enocean
Mindtree
Ceva
Telit

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IoT Communication Protocol Market Segmentation:

By Type:

Wi-Fi
Bluetooth
Zigbee
NB-IoT
Others

By Application:

Consumer Electronics
Automotive & Transportation
Building Automation
Healthcare
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Terminal Sterilization Services Industry is on track to achieve a value of US$ 33.5 Billion by 2032 | FMI

The Terminal Sterilization Services Industry revenues were estimated at US$ 9.1 Billion in 2021 and is anticipated to grow at a CAGR of 12.7% 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$ 33.5 Billion.

The market is being driven by a high incidence of chronic diseases, an increase in the frequency of Healthcare Acquired Infections (HAIs), and the impact of the COVID-19 epidemic. Heat sterilizers, ethylene oxide, and other sterilizing materials have surged in demand with the onset of COVID-19. The usage of sterilization equipment and services in hospitals, clinics, diagnostic labs, pharmaceutical manufacturing units, and the biopharmaceutical industry has increased significantly as a result of the significant requirement for effective sanitization of equipment and surroundings.

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The market has gained pace in recent years as a result of surged awareness about diseases and infections caused by non-sterile settings. In addition, there has been a significant increase in funding for hospital infrastructure, research, and public health adaption to terminal sterility.

Companies can develop a sterilization program using the Association for the Advancement of Medical Instrumentation (AAMI) and ISO criteria without the requirement for a big and time-consuming Sterilization technology department. These voluntary consensus standards have also supplied regulatory agencies such as the FDA with a reference point for determining product sterility.

Key takeaways:

The global Terminal Sterilization Services Industry is expected to grow at a CAGR of 12.7% from 2022 to 2032, reaching US$ 33.5 billion by 2032.
The growth of the market is being driven by increasing demand for medical devices and pharmaceuticals, growing awareness of the importance of sterilization, and rising adoption of advanced sterilization technologies.
The most common methods of terminal sterilization include ethylene oxide (EO) sterilization, gamma sterilization, and electron beam (EB) sterilization.
The market is segmented by type, method, technology, end-use, and region.
North America is the largest market for terminal sterilization services, followed by Europe. Asia Pacific is the fastest-growing market for terminal sterilization services.

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Major players in the Terminal Sterilization Services Industry include:

Steris Plc
Getinge Group
Advanced Sterilization Products Services, Inc.
3M
Belimed
Matachana Group
Sterigenics International LLC
Olympus Corp.
Stryker Corporation
Johnson & Johnson
DuPont

The following are some of the most recent developments from key terminal sterilization service providers:

In August 2021, Amcor announced the development of a unique healthcare lidding technology that would be utilized for combination items containing two or more regulated components.
In April 2019, Johnson & Johnson announced the completion of the sale of its Advanced Sterilization Products (ASP) business, which is a division of Ethicon, Inc., to Fortive Corporation for an estimated US$ 2.8 billion.

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Market Segments Covered in Terminal Sterilization Services Industry Analysis:

By Type:

Ethylene Oxide
Irradiation
Moist Heat Terminal sterilization
Other Types

By End Uses:

Hospitals & Clinics
Pharma
Other End-uses

By Region:

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

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Telecom Cloud Market Soars with 15.2% CAGR, Aims for US$ 99.4 Billion by 2032

The telecom cloud market revenues were estimated at US$ 19.8 Billion in 2021 and are anticipated to grow at a CAGR of 15.2% 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$ 24 Billion. The market is projected to gross 15.2% CAGR through the public cloud.

During the pandemic, as individuals lived at home during the shutdown and businesses opted to work remotely, massive data consumption led to a spike in demand for telecom cloud installations, which significantly contributed to the market growth. Cloud has been one of the key themes of conversation in the telecom business in 2021 with the development of cloud-native 5G technology.

The public cloud solution provides on-demand infrastructure, lowering capital expenditure as well as continuous operational and life-cycle control. The public cloud may be a terrific incubator environment for not just developing new apps and services, but also bringing them to market and scaling them quickly.

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Many corporate firms rely on the public cloud as their base. Telecom companies are increasingly looking to collaborate using public cloud services to use their computational capacity and their strong network skills on the back end.

Hyperscalers such as Amazon, Google, Microsoft, and Oracle often establish and manage a uniform tech environment with public cloud platforms. CSPs, on the other hand, buy solutions from a variety of vendors who compete and advance in different directions, sometimes marginally, sometimes significantly.

Also, The BFSI sector outsources non-core functions to save money and enhance efficiency. As a consequence, targeted content views and precise financial data are required, which may be merged via a telecommunications cloud service.

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

In April 2021, Momentum Telecom, a global provider of managed networks and cloud voice, revealed that it had accomplished its purchase of Atlus Technology, a Tennessee-based leader in the development of cloud-based unified communications solutions.
In December 2020, Cisco announced the purchase of IMImobile, a cloud telecommunications software and service provider, allowing Cisco to provide its customers with an end-to-end client engagement management solution.

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

The study reveals extensive growth in the Telecom Cloud Market in terms of Type (Public Cloud, Private Cloud, Hybrid Cloud), By Cloud Computing Service (IaaS, PaaS, SaaS), By Application (Data Storage, Achieving, Computing, Enterprise Application, Other Applications), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Telecom Cloud Market Segmentation:

By Type:

Public Cloud
Private Cloud
Hybrid Cloud

By Cloud Computing Service:

IaaS
PaaS
SaaS

By Application:

Data Storage
Achieving
Computing
Enterprise Application
Other Applications

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Telematics-based Auto Insurance Market: Revving Up at an Impressive 18.7% CAGR, Anticipated to Hit US$ 13,998.3 Million by 2033

The global telematics-based auto insurance market is expected to produce approximately US$ 2,513.9 million in revenue in the year 2023. This market is projected to experience substantial growth, with an anticipated annual increase of 18.7%, ultimately reaching US$ 13,998.3 million by the year 2033.

Governments want to develop the automotive industry by implementing cutting-edge telematics in cars. This is one of the key drivers of global market expansion. However, on-board Diagnosis (OBD)-ll dongles offer possible entry points that hackers use to steal information, cars, and remotely operate vehicles.

The use of various systems in the insurance telematics industry increases the risk of malware and virus assaults. This may hurt the market internationally.

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Potential Market Opportunity

AI, IoT, and 5G technologies are speeding innovation in the automotive sector and opening up new possibilities for enhanced user experiences and data monetization. Additionally, businesses have tremendous opportunities to exchange data from telematics devices with numerous parties. Moreover, gain insightful data on a large scale by implementing telematics devices.

Key Takeaways from the Telematics-based Auto Insurance Market Report:

By 2033, the telematics-based auto insurance market in the United Kingdom is likely to expand, with a CAGR of 18.2%.
In 2022, the United States dominated the telematics-based auto insurance sector, with a share of 18.5%.
The telematics-based auto insurance market was significantly expanding, with a size of US$ 2,146.8 million in 2022.
By 2033, the telematics-based auto insurance market in China is likely to expand, with a CAGR of 17.7%.
In 2022, Germany expanded the telematics-based auto insurance business, with an expected share of 7.6%.
The market is expected to grow at a US$ 4,204.02 million valuation by 2026, with a rise in passenger vehicles.
By 2033, India is projected to expand significantly in the telematics-based auto insurance market, with a share of 19.3%.
Japan’s telematics-based auto insurance industry share expanded significantly, with a 9.6% share in 2022.
In 2022, the passenger car dominated the market with a share of 48.5%. It is anticipated to control the market by 2033 in terms of vehicle type.
Based on vehicle age, used vehicles dominated the market with a share of 54.5% in 2022.

Recent Developments

Snapshot ProView, a voluntary UBI and fleet management program for small business owners, was introduced by Progressive Corporation. Based on the type of vehicle and the nature of business use, many clients save 8%. Whereas, others can even save up to 18%, for their initial term.
Driven Telematics teamed up with Cambridge Mobile Telematics (CMT) in October 2022. To assist teen drivers in increasing driving safety and lowering their auto insurance costs. The brand-new Driven app, which is available for free, offers families insights into their driving habits and a driving score. So they can compare insurance and keep premiums affordable.

Key Players:

Progressive Corporation
Allstate Corporation
State Farm Mutual Automobile Insurance Company
Liberty Mutual Insurance Group
Metromile Inc.
Insure The Box Ltd.
UnipolSai Assicurazioni S.p.A.
Admiral Group plc
Allianz SE
Octo Telematics Ltd
Others

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Telematics-Based Auto Insurance Market Segmentation:

By Vehicle Type:

Passenger Cars
Commercial Vehicles
Two-wheelers)

By Technology:

OBD-I
Hybrid
Smartphone
Black-box

By Deployment:

On-Premise
Cloud

By Type:

Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)

By Vehicle Age:

New Vehicle
Used Vehicle

By Organization Size:

Large Enterprises
Small & Medium-sized Enterprises

By Region:

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

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Data Warehouse as a Service (DWaaS) Market: Skyrocketing at a Remarkable 22.4% CAGR, Projected to Surpass US$ 41,511.6 Million by 2033

The global data warehouse as a service market is expected to generate sales of approximately US$ 5,484.9 million. Over the next decade, from 2023 to 2033, the demand for these services is projected to grow at a steady annual rate of 22.4%, reaching an estimated value of US$ 41,511.6 million by 2033.

Data warehouses as a service are being heavily used by financial consulting businesses to relieve them of the burden of having to update their on-premise software on a regular basis. Furthermore, customers may access services from anywhere with quick internet connectivity, which is driving up demand for data warehousing as a service in the BFSI sector. In contrast to this, less qualified workers and significant investments in outdated systems are limiting the worldwide market.

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Potential Market Opportunity

During the forecast period, the market is estimated to witness significant growth due to the factors such as

Rising investments in machine learning and artificial intelligence (AI).
The growing BYOD (Bring Your Own Device) trend.
The use of AI in numerous industry verticals.

Key Takeaways from the Data Warehouse as a Service (DWaaS) Market Report:

By 2033, the data warehouse as a service market in the United Kingdom is likely to expand, with a CAGR of 21.6%.
In 2022, the United States dominated the data warehouse as a service sector, with a share of 17.3%.
The DWaaS market was significantly expanding, with a size of US$ 4,540.5 million in 2022.
By 2033, the data warehouse as a service market in China is likely to expand, with a CAGR of 21.7%.
In 2022, Australia expanded the DWaaS business, with an expected share of 4.3%.
The market is anticipated to expand at a US$ 10,058.03 million valuation by 2026, with rising cloud solutions.
By 2033, India is projected to expand significantly in the data warehouse as a service market, with a share of 22.6%.
Japan’s data warehouse as a service industry share expanded significantly, with a 6.8% share in 2022.
In 2022, the enterprise DWaaS dominated the market with a share of 54.8%. It is anticipated to control the market by 2033 in terms of type.
Based on application, business intelligence dominated the market with a share of 26.5% in 2022.

Leading Key Players:

Amazon Inc
IBM Corp
Microsoft Corp
Google LLC
Oracle Systems Corp.
SAP SE
Snowflake Computing Inc.
Micro Focus International Plc
Teradata Corp
Cloudera Inc.
Pivotal Software Inc.
Yellowbrick Data Inc.
Veeva Systems Inc.
Actian Corp.
Marklogic Corp.
Netavis Software
Accur8 Software Solutions LLC

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Recent Developments:

Amazon Web Services and HCL Technologies joined forces in June 2022. HCL can provide enterprise data warehousing solutions that are scalable, economical, and high-performing thanks to AWS.

HCL Technologies receives data-driven business insights from Amazon Redshift that are supported by cutting-edge AI/ML capabilities. It is to enhance decision-making, and operational effectiveness, and accelerate time to market.

The Vertical Accelerator, a brand-new, comprehensive software-as-a-service (SaaS) offering, became publicly accessible in September 2021, according to Vertica Systems, a provider of analytical database management software with a United States base.

Data Warehouse as a Service (DWaaS) Market Segmentation:

By Type:

Enterprise DWaaS
Operational data storage

By Application:

Customer Analytics
Operational Analytics
Business Intelligence
Predictive Analytics
Data Modernization

By Vertical:

BFSI
Energy and utilities
IT and ITeS
Media and Entertainment
Retail and consumer goods
Healthcare and life sciences
Government and public sector
Manufacturing
Others

By Deployment Mode:

Public Cloud
Private Cloud

By Organization Size:

Large Enterprises
SMEs

By Region:

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

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Mobile Broadband Modem Market Flourishes: Anticipated Growth to US$ 48.0 Billion by 2032, Boasting a Remarkable 9.9% CAGR

The mobile broadband modems market would be worth US$ 48.0 billion By 2032,. From 2022 to 2032, it is projected to exhibit a moderate CAGR of 9.9%. In 2022, the market was valued at over US$ 18.6 billion.

More people than ever before have started working from home or other remote locations over recent years. This has accelerated the trend toward remote work. Mobile broadband modems offer a dependable method for remote employees to maintain an internet connection and access corporate systems & apps from any location.

Consumers and organizations can now use the internet more affordably thanks to the recent sharp decline in the price of mobile data. As more people can nowadays afford the price of data plans and equipment, it has contributed to growth in the mobile broadband modem industry.

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In the years following the pandemic, about 80% of people are working from home at least three times per week, up from the 52% who did so before the outbreak.

Around the world, 16% of businesses now allow employees to work permanently from home. Sales of mobile broadband modems are anticipated to rise over the assessment period as remote work expands globally.

Applications involving the internet of things (IoT) frequently use mobile broadband modems. Wireless networks are often used to link IoT devices to the internet. These gadgets can be connected to the internet in a dependable and adaptable manner using mobile broadband modems.

In remote or difficult-to-reach areas without fixed-line broadband connections, these modems can also be employed for IoT applications. In the event of a primary internet outage, these can be utilized in IoT to provide a backup internet connection.

Mobile broadband modems can be crucial for internet of things (IoT) applications that need constant communication, including security systems or industrial monitoring software.

In 2019, there were around 8.6 billion IoT connected devices; by 2022, there will be over 13 billion connected devices. By 2030, it is anticipated that there will be about 29 billion linked IoT devices worldwide. Mobile broadband modem demand is anticipated to soar due to rising IoT demand globally.

Key Takeaways from Mobile Broadband Modem Market Report:

The global mobile broadband modem market exhibited a CAGR of 13.1% from 2017 to 2021.
The United States mobile broadband modem industry is expected to be worth US$ 7.6 billion by 2032.
The United Kingdom mobile broadband modem industry is set to reach a valuation of US$ 1.3 billion in 2032.
The standalone mobile broadband modem by type is likely to broaden at a CAGR of 9.8% from 2022 to 2032.
Based on application, the business segment is predicted to accelerate at a CAGR of 9.6% from 2022 to 2032.

Leading Key Players:

D-Link
Netgear
Motorola
TP-LINK
Cisco-Linksys
Belkin
Huawei
Hewlett-Packard
Minim Inc.
Beetel

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Mobile Broadband Modem Market Segmentation:

By Type:

Standalone
Integrated Router
Smartphones and Tethering

By Application:

Gaming
Business
Personal

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Global Pessary Industry is on track to achieve US$ 831.3 Million by 2032, growing at a CAGR of 10.2%

The Pessary Industry revenues were estimated at US$ 289.8 Million in 2021 and is anticipated to grow at a CAGR of 10.2% 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$ 831.3 Million.

The vaginal pessary is one of the most ancient medical devices, having been used for centuries to treat POP and, more recently, SUI. When choosing a pessary, the severity of the SUI, the presence of prolapse, and the level of sexual activity should all be taken into account Transvaginal silicone or rubber devices are used to treat incontinence.

They are intended to support the epithelial duct and bladder wall while also elongating and gently condensing the urethra against the pubis. When intra-abdominal pressure rises, this structural configuration reduces, and in many cases eliminates, leakage, effectively resolving incontinence. An incontinence pessary, similar to a vaginal sling, supports the ureterovesical junction from this position.

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According to estimates, 30% of women between 30 to 60 years are affected, compared to 1.5 to 5% of men. Stress causes urinary incontinence, which can happen during and after pregnancy. Weight gain, urethral sphincters, menopause, and childbirth have all been connected to it.

According to the American Urological Association, 25% to 35% of men and women in the United States struggle with stress urinary incontinence. The disease has affected over half billion people worldwide. A urinary tract infection, urethral sphincters, menopause, and pregnancy are all factors that lead to the development of stress urinary incontinence symptoms, creating a market for pessaries.

Key Takeaways:

The global Pessary Industry is expected to grow significantly in the coming years, driven by the increasing prevalence of pelvic organ prolapse and urinary incontinence, as well as the growing awareness of pessaries as a non-surgical treatment option for these conditions.
North America is expected to remain the largest market for pessaries throughout the forecast period, followed by Europe and Asia Pacific.
Ring pessaries are expected to be the most popular type of pessary during the forecast period.
Silicone pessaries are expected to be the most popular material for pessaries during the forecast period.
Hospital pharmacies are expected to be the most popular distribution channel for pessaries during the forecast period.

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Key Companies Covered:

MedGyn Products, Inc.
Cooper Surgical Inc.
Personal Medical Corp.
Panpac Medical Corp
Smiths Medical
Thomas Medical
Artisan Medical
Bioteque America, Inc.
Integra LifeSciences Corporation
Arabin GmbH & Co.
Medgyn Products, Inc.
Wallach Surgical Devices

Some of the recent developments in the Pessary Industry are mentioned below:

In February 2022, Cooper Companies agreed to purchase Cook Medical’s Reproductive Health division, which manufactures noninvasive fertility, obstetrics, and gynecology devices. Cooper will pay US$ 875 million in total, with US$ 675 million paid at closing and the remaining US$ 200 million paid in four US$ 50 million annual installments.
In February 2022, Theramex, a global pharmaceutical company specializing in women’s health expanded its initial collaboration with Endoceutics to commercialize Intrarosa in Australia. Intrarosa is the first and only DHEA treatment that has been approved for postmenopausal women suffering from moderate to severe vulvovaginal atrophy.
In August 2021, Liv Labs developed a reusable female comfort pessary that does not require a doctor’s prescription. Patients suffering from incontinence are currently fitted for pessaries, which must be worn for six months before being removed.

The Liv Labs pessary is soft, smooth, and squishy, making insertion and removal easier. It is made of medical-grade silicone. Women can use it whenever they want, whether it is all day or just for a quick trip to the gym.

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Market Segments Covered in Pessary Industry Analysis:

By Type:

Gellhorn
Ring
Donut
Other Types

By End-Use:

Hospitals
Ambulatory Surgical Centres
Clinics

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Nandini Singh Sawlani

Telecom Order Management Market En Route to US$ 6.6 Billion by 2032

The telecom order management market revenues are estimated at US$ 3.1 Bn in 2022 and are anticipated to grow at a CAGR of 7.9% 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$ 6.6 Billion. Market through Telecom Order Management Solutions is expected to witness a CAGR of 6.8%, during 2022 – 2032.

Integration of advanced technologies like AI, and machine learning, including big data, as well as a lack of standardization and compatibility concerns with existing systems, is projected to offer significant prospects for market expansion.

Constant advances in next-generation telecommunications order management systems, such as the growing number of connected devices throughout the world, along with an increase in order management complications, will significantly assist the industry in the near future.

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The telecom industry’s main difficulty is a lack of experienced experts due to a lack of varied skill sets in telecommunications order managed service and knowledge. As a result, there has been an increase in the demand for highly skilled personnel to manage telecom orders.

The increased demand for telecommunication order management solutions necessitates a number of highly sophisticated talents, and the existing talent pool is rather small, limiting its applications and limiting the overall growth of the telecommunications order management industry.

As when the number of connected devices grows, many telecom service providers, particularly small and medium-sized businesses, are searching for cloud-based deployment. The increased use of cell phones and online shopping has resulted in the implementation of telecommunication order management. According to an Indian study, the internet penetration rate in the nation is expected to increase by 40% by 2023, and the figure is expected to increase by 50%.

Competitive Landscape:
The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Telecom Order Management Market are focused on R&D to produce innovative technological solutions.

In May 2022, TPG Telecommunication became Australia’s first carrier to deploy G.Fast technologies. G.Fast employs a combination of pair-bonding, and vectoring, including phantom mode.
In November 2021, Nokia officially launched several Software-as-a-Service offerings for communication service providers, marking an essential step toward providing operators with a less expensive, more adaptable, but also a customer-centric pathway for functioning their networks and delivering new solutions.

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More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Telecom Order Management Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Telecom Order Management Market in terms of Component (Solutions, Services) and deployment Type (On-premise, Cloud-based) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Telecom Order Management Market Segmentation:

By Component:

Solutions
Services

By Deployment Type:

Cloud-Based
On-premise

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani