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The global customer-to-customer community marketing software market is expected to garner a market value of US$ 1.6 Billion in 2022 and US$ 2.8 Billion by 2032 while recording a CAGR of 6.2%. The growth of the market can be attributed to the increasing public engagement and surging importance of community engagement platforms across the globe. Also, with the rising ownership of smartphones, the industry is likely to benefit.

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

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

Key Takeaways from the Market Study:

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

Competitive Landscape

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

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

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global customer-to-customer community marketing software market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Profiled In The Customer-To-Customer (C2C) Community Marketing Software Market Report

C2C Community Management Software Market by Type:

• On-Premises C2C Community Management Software Deployment
• Cloud-based C2C Community Management Software Deployment

C2C Community Management Software Market by Application:

• C2C Community Management Software in Retail and e-Commerce
• C2C Community Management Software in Health and Life Sciences
• C2C Community Management Software in BFSI
• C2C Community Management Software in Transport and Logistics

C2C Community Management Software Market by Enterprise Size:

• C2C Community Management Software for Small and Medium Enterprises
• C2C Community Management Software for Large Enterprises

C2C Community Management Software Market by Region:

• North America C2C Community Management Software Market
• Europe C2C Community Management Software Market
• Asia Pacific C2C Community Management Software Market
• Middle East and Africa C2C Community Management Software Market
• Latin America C2C Community Management Software Market

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As per the study at FMI, the offshore structural analysis software market was valued at US$ 637.2 Million in 2022 and is predicted to reach US$ 1.1 Billion by 2032, growing at a 5.4% CAGR.

The demand for offshore structural analysis software is rising due to growing demand for environmentally friendly building work and increasing demand from the oil and gas end-use industry. These are some of the primary drivers responsible for rising sales of offshore structural analysis software and the development of global offshore structural analysis software market share.

Furthermore, the global offshore structural analysis software market’s growth trajectory is influenced by an increase in demand for offshore structural analysis software by engineers, contractors, and architects.

The offshore structural analysis software technology breakthroughs are providing end users with far more effective and valuable solutions. As a result, the sales of offshore structural analysis software are predicted to rise. However, issues encountered by ground-level workers in implementing this software, as well as a costly initial investment, may limit the global offshore structural analysis software market size during the forecast period.

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Increased technological advancements in subsea platforms, protective structures, drilling templates, tension decks, substitutes connected to various offshore structures, and skidding systems, on the other hand, are expected to provide additional growth opportunities for players and developers in the global offshore structural analysis software market in the coming years. As a result, the sales of offshore structural analysis software are anticipated to grow rapidly.

Other significant factors propelling the sales of offshore structural analysis software in the coming years include rising demand for offshore structures with increased maintenance power, rising expenditure in the oil and gas industry, increased use of cloud-based computing and deployment services, and increasing awareness of the effective and timely analysis of various offshore structures.

Furthermore, the demand for offshore structural analysis software is growing as extreme weather conditions, physical space limits and distant locations present significant growth opportunities in marine, oil and gas, power production, and government and defence engineering sectors.

The demand for offshore structural analysis software is forecasted to rise as engineers can utilise offshore structural analysis software to design a safe and reliable operating platform in an extreme environment because of these constraints. As a result, the sales of offshore structural analysis software are anticipated to rise throughout the forecast period.

KEY TAKEAWAYS:

• By component, the software segment is predicted to dominate the offshore structural analysis software market with a CAGR of 5.7% through 2032.
• This growth is mostly due to increased demand for offshore structural analysis software from end-users such as architects, engineers, contractors, and owners in the oil and gas, maritime, power generation, and government and defence industries for dynamic, cost-effective, and efficient offshore structural analysis software.
• By end use industry, the oil and gas industry segment is predicted to lead offshore structural analysis software market share with a CAGR of 5.9% through 2032.
• This is due to the significant number of offshore projects in this industry that require offshore structural analysis software for structure design. Architects, engineers, and contractors are increasingly emphasising the usage of offshore structural analysis software, which is driving the sales.
• In terms of region, Asia Pacific dominated the offshore structural analysis software market in 2021 and is likely to continue during 2022 and 2032. This is due to an increase in the need for structures with high maintenance capabilities, as well as increased investments in the oil and gas industry.
• Due to the growing awareness of offshore structural analysis software and the development in cloud-based services, which are lowering the high maintenance and operating costs connected with offshore structural analysis software; North America is anticipated to hold a significant market share.
• Europe is also likely to see significant development in the next years as a result of the adoption of offshore structural analysis software and increased technical awareness of how it works.

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COMPETITIVE LANDSCAPE:

Baker Engineering and Risk Consultants, Inc., Bentley Systems, Inc., BMT Group Ltd, Dlubal Software GmbH, and DNV GL AS are some of the major players in the global offshore structural analysis software market.

Key Segments

By Components:

• Service
• Software

By End Use:

• Power Generation
• Oil and Gas
• Maritime
• Government and Defence

By Region:

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

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global over the top (OTT) services market is estimated to garner US$ 7.0 Trillion while exhibiting a 12.6% CAGR during the forecast period. Mainly due to the availability of smart technologies amongst the masses the global over the top (OTT) services market has grown by leaps and bounds in recent years.

Increasing digital subscriber base, demand for digital content, an increase in demand for live streaming channels and digital advertising are driving the growth of over the top (OTT) services market. Most pay-TV providers are introducing stand-alone OTT-based subscription services.

Dish’s Sling TV and AT&T’s DirecTV Now are successful examples of US-based affordable and stand-alone services. OTT services are reaching exponential levels of growth. With increasing e-services, the over the top (OTT) services industry is expected to secure US$ 2.1 Trillion in 2022.

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Rising demand for high-speed connectivity with good service delivery will have a positive impact on the overall market growth. Increasing use of cloud based technology such as artificial intelligence and big data and in many applications impelled the growth of the market. The e-services segment is likely to offer remunerative opportunities for the global over the top(OTT) services market.

Key Takeaways:

• By application, e-services segment is expected to record an 14.2% CAGR by 2032
• By business model, the premium & subscription segment to expand at a 13.1% growth rate during the forecast period
• The U.S market to garner US$ 2.5 Trillion and record a 12.7% CAGR from 2022-2032
• Market in China to procure US$ 322.7 Billion, expanding at a 13.6% growth rate during the assessment period
• Global over the top services market to flourish over 3x from 2022 to 2032

Competitive Landscape

Key players of the global over the top (OTT) services market include Twitter Inc., LinkedIn Corp., Netflix Inc, Amazon Inc., Apple, Inc. among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among players include:

• In April 2021 – Apple Inc. announced its partnership with SK telecom co. a top wireless carriers of South Korea for online video streaming through AppleTv+
• In February 2020 – The Walt Disney company collaborated with India’s Hotstar service to launch streaming services. The company with the Disney + Hotstar partnership aiming to increase its competition with Amazon prime and Netflix.
• In March 2021, Netflix Inc. began testing a new plan in India for INR 299 per month, which will be called mobile+. This plan will allow members to stream the content in 720p HD quality on smartphones and computers. The mobile+ plan will not be accessible on TVs or support multiple screens simultaneously.

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Key Segments Covered In The Global Over The Top (OTT) Services Market Survey

Over the Top (OTT) Services by Application:

• Over the Top (OTT) Services in Communication
• Over the Top (OTT) Services in E-services
• Over the Top (OTT) Services in Media Content
  • Audio/Video
  • Gaming
  • Web content
• Over the Top (OTT) Services in Cloud services

Over the Top (OTT) Services by Business Model:

• Over the Top (OTT) Services Premium & Subscription
• Over the Top (OTT) Services Adware
• Over the Top (OTT) Services Ecommerce

Over the Top (OTT) Services by End-Use:

• Over the Top (OTT) Services for Personal
• Over the Top (OTT) Services for Commercial
  • Healthcare
  • Media and entertainment
  • E-commerce
  • IT
  • Education

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The MVNO market is valued at US$ 70.3 billion in 2022 and is likely to reach US$ 147.7 Billion by 2032. The MVNO market was worth USD 64.8 Billion in 2021, growing at a CAGR of 7.7% through 2032. New technological enablers, including e-Sim, AI, ML, and edge computing, are opening up new options for MVNOs.

The MVNO market is well-established in developed nations, and its significance is likely to expand as emerging economies evolve. Due to the prevalence of MVNOs in the low-cost cellular services market in both developed and developing nations, competition in the MVNO market has evolved from pricing to value-added services and product differentiation in recent years.

A mobile virtual network operator (MVNO) is a wireless communication service provider that leases network services from one or more mobile network operators rather than owning the wireless network infrastructure (MNOs). To attract customers, MVNOs target certain market niches and offer tailored plans, services, and prices.

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The increasing adoption of mobile devices is propelling MVNO market growth. Over the projection period, an increasing variety of services such as cloud, Machine to Machine (M2M) transactions, and mobile money are predicted to boost demand for mobile virtual network providers. The COVID-19 pandemic is likely to increase the need for agile and flexible work methods, as well as the use of communication systems that improve work-life balance in the MVNO market.

In the middle of the COVID-19 pandemic, telecom officials in the MVNO market have postponed their intentions for a 5G spectrum auction. Among MVNOs, this is the major and most focused segment. The increasing numbers of single mobile customers, as well as the increasing penetration of mobile in emerging nations, are the key reasons driving MVNO market development.

Key Takeaways

• In the type sector, the discount segment from the MVNO market is anticipated to flourish at the quickest CAGR of 7.8%.
• With a CAGR of 7.3%, the consumer is predicted to grow significantly in the subscribers sector of the MVNO market.
• The market size for MVNO in the United States is expected to reach US$ 27.6 Billion by 2032, growing at a CAGR of 7.1% during the research period.
• United Kingdom is expected to reach a market size of US$ 14.2 Billion in MVNO by 2032, with a CAGR of 7.1% during the research period.
• China’s MVNO market is expected to be worth US$ 16.6 Billion by 2032, with a CAGR of 9.6% over the forecast period.
• Japan is expected to have a market size for MVNO of US$ 13.3 Billion by 2032, with a CAGR of 9.7% during the research period.
• By 2032, Brazil is expected to reach a market size of US$ 748.4 Million in MVNO, with a CAGR of 6.7% during the research period.

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Competitive Landscape 

The key MVNO market players such as Virgin Media Business (UK), DataXoom (US), Lebara (UK), KDDI (Japan), Asahi Net (Japan), Virgin Mobile USA (US), TracFone Wireless (US), Boost Mobile (Australia), Lycamobile (UK), Tesco Mobile (UK), PosteMobile (Italy), Airvoice Wireless (US), Asda Mobile (UK), Giffgaff (UK), Kajeet (US), Voice (US).

MVNO market players are also pursuing numerous strategic initiatives, such as collaborations, mergers and acquisitions, and partnering with other organisations to acquire a competitive advantage and provide better services to their clients. For example, in April 2019, FRiENDi mobile, a subsidiary of Virgin Mobile Middle East and Africa, and Ooredoo Oman signed a long-term deal to provide mobile services to FRiENDi mobile customers over Ooredoo’s 4G Supernet network.

Key Segments

By Type:

• Business
• Discount
• M2M
• Media
• Migrant
• Retail
• Roaming
• Telecom

By Operational Model:

• Brand Reseller
• Service Provider
• Full MVNO

By Subscribers:

• Business
• Consumer

By Region:

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

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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According to a recent FMI study, the location based marketing services market is expected to reach US$ 299.3 Billion by 2032, expanding at a high CAGR of 18.1%. The industry is likely to yield a dollar opportunity worth US$ 252.3 Billion across the 2022 to 2032.

Increasing demand for mobile location-based services, the surge in demand for location-enabled mapping, tracking, and navigation solutions, and the proliferation of social media, smartphones, and location-based applications among consumers are expected to accelerate the market growth during the forecast period.

From 2015 to 2021, location based marketing services demand expanded at a CAGR of 18.8%, yielding US$ 47 Billion. Growth prospects improved further during the COVID-19 pandemic, as extensive presence of consumers on social media platforms made it easier for industries to target specific customers across different geographies. Furthermore, regulatory measures to ensure consumer safety, the proliferation of new data sources, and evolving methodology for marketing purposes is likely to promote market growth.

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Moreover, the rise in GPS-enabled precision applications, such as farming, logistics, and automotive, has created a high demand for location-based solutions. Also, the increasing demand for mobile location-based services, the surge in demand for location-enabled mapping, tracking, and navigation solutions, and the proliferation of social media, smartphones, and location-based applications among consumers are providing significant opportunities for the growth of the location-based services market.

Key Takeaways from the Market Study

• Global location based marketing services market was valued at US$ 56.5 Billion by 2022-end
• The U.S to account for the highest value share of US$ 90.9 Billion of global market demand until 2032
• By target location, the physical locations category to be most preferred, documenting a CAGR of 18.1%
• China to experience prolific market growth, surpassing US$ 40 Billion by 2032, following a CAGR of 21.1%
• Based on promotion type, search result based location-based marketing to reign supreme, growing at a 17.3% CAGR

Competitive Landscape

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

• In September 2021, BT and Oracle partnered to optimize its network resources and bring new 5G offerings to market faster. The solution will enable BT to quickly and seamlessly test and implement 5G services.
• In July 2021, TomTom Virtual Horizon is designed for automated and non-automated vehicles, with and without embedded navigation. It provides a seamless connection between digital maps and ADAS functionality.
• In July 2021, IBM and Atos collaborated and built a secured infrastructure for the Dutch Ministry of Defence. This infrastructure provides advanced technologies, infrastructure services, and safeguards its It system, among others.

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Know More About What the Location Based Marketing Services Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Location Based Marketing Services Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered in the Location Based Marketing Services Report

Location Based Marketing Services by Target Location Type

• By Physical Location
• By Location of Interest

Location Based Marketing Services by Promotion Type

• Banner Display/Pop-ups Promotion of Location Based Marketing Services
• Video Promotion of Location Based Marketing Services
• Search Result Promotion of Location Based Marketing Services
• E-mail and Message Promotion of Location Based Marketing Services
• Social Media Content Promotion of Location Based Marketing Services
• Voice Calling Promotion of Location Based Marketing Services

Location Based Marketing Services by Industry Vertical

• Location Based Marketing Services for Retail
• Location Based Marketing Services for Hospitality
• Location Based Marketing Services for Healthcare
• Location Based Marketing Services for BFSI
• Location Based Marketing Services for Education
• Location Based Marketing Services for Technology and Media

Location Based Marketing Services by Region

• North America Location Based Marketing Services Market
• South America Location Based Marketing Services Market
• Europe Location Based Marketing Services Market
• Asia Pacific Location Based Marketing Services Market
• Middle East and Africa Location Based Marketing Services Market

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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

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

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

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

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

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

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

KEY TAKEAWAYS:

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

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COMPETITIVE LANDSCAPE:

Due to the large number of firms operating in both domestic and foreign markets, the mobile payment security market is extremely competitive. The market is moderately concentrated, with technological breakthroughs and mergers & acquisitions being the primary methods employed by the big competitors. BioCatch, Braintree, Carta Worldwide, Daon, and Duo are among the key players in the mobile payment security market.

Key segments

By Type:

• Tokenization
• Biometrics

By End Use:

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

By Region:

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

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The Mobile Messaging Market registered a 15.9% CAGR during the forecast period (2022-2032), to reach US$ 384 Billion by the end of 2032. Around 2.7 billion phone messaging app users worldwide and nearly 40% of the global population sending and receiving messages make the mobile messaging market huge, helping multiple businesses and people with texting solutions.

Businesses use mobile messaging services to connect to their customers for promotions and marketing campaigns designed for potential visitors, including email marketing campaigns and text messages, integrating them with the digital marketing strategy.

As forerunners of enterprise-to-consumer mobile messaging, we have enjoyed watching the sector develop over the previous 17 years. We could never have predicted the significance of mobile texting in our wildest dreams. how important mobile user behaviour would change during that period to businesses in providing their consumers, as well as how quickly it would do so.

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Companies push their inspirational and educational content through portal and website links, including the app’s push notification and WhatsApp for business platform. A study shows that almost 109 countries run texting campaigns for end users. There is a set number of mobile texting consumers that are not tech-savvy, and mobile texting is the only way that they connect with each other and share information, fuelling the demand for mobile texting services.

Brands also use social media messenger in order to reach the end-users and send informative, life and technology hacks that engage with a lot of potential customers. This also helps the mobile messaging market is expanding its roots in new market spaces.

The global mobile messaging market is segmented into three categories: tools, end-users, and geography. Based on the technologies utilised, the mobile messaging market is divided into three categories: cloud API messaging platforms, traditional messaging services, and managed messaging services.

KEY TAKEAWAYS:

• The short messaging services from the mobile messaging market are expected to grow at the fastest CAGR of 24% in the service type category, helping it to reach US$ 340.07 Bn.
• The multiple messaging services segment is expected to grow at a strong CAGR of 18.2% in the type category of the mobile messaging market. The mobile email segment is growing at a high CAGR of 21.3%, including a 20.7% CAGR in the USA, Canada, Japan, China and Europe.
• United States is expected to reach a market size of US$ 55.79 Billion in the Mobile messaging by 2032.
• The market size for Master recharge APIs in China is expected to reach US$ 217.15 Billion by 2032, growing at a CAGR of 28.7% during the research period.
• Canada’s Mobile messaging market is expected to thrive at a CAGR of 20.9% over the forecast period.
• Japan’s Mobile messaging is expected to flourish at a CAGR of 18% during the research period (2022-2032).
• While Germany is the largest consumer within Europe, thriving at a CAGR of 19.6% between 2022 and 2032.

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COMPETITIVE LANDSCAPE:

Some of the mobile messaging market’s key competitors profiled in the research are Orange SA, KDDI Corporation, LM Ericsson Telefon AB, Nokia Corporation, Numerex Corporation, SK Telecom Co. Ltd, T-Mobile US Inc, Verisign Inc, Vodaphone Group PLC and BT Group PLC.

Key Segments

By Type:

• Hardware
• Software

By Application:

• OEMs
• Aftermarket

Based on Component:

• Platform
• A2P Service

Based on Deployment Mode

• On-premises
• Cloud

Based on Traffic:

• National
• Multi-country

Based on Vertical:

• Banking, Financial Services, and Insurance
• Retail and eCommerce
• Hyperlocal Businesses
• Healthcare
• Travel and Hospitality
• Others

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The rising adoption of tape banding machines across diverse industries including food and beverages, electronics, logistics, and packaging is a key factor pushing demand in the global market.

Moreover, increasing consumption of packaged food and in the demand for online food delivery is anticipated to accelerate growth in the tape banding machines market during the forecast period.

Tape banding machines bundle and pack the products while also protecting fragile, high-end materials. To keep a strong grasp on objects without inflicting damage, the banding machine uses a wide, delicate material like paper tape, plastic film or a ribbon.

These banding machines wrap the material around each good or bundle of products, then automatically cuts the band. They use ultrasonic technology or heat to seal the bands. Banding goods can be easily opened by hands, without tools.

The band tensioning method is more accurate and beneficial as compared to strapping. Banding allows high-quality printing, is easy to open and has a wider variety of binding materials.

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Tape banding machines are available in both semi-automatic and automatic configurations. Automatic machines are majorly used for high-volume production lines and are high in performance. They are fully automated, bundle the product, seal it and cut the bands.

However, semi-automatic banding machines are low in cost as compared to automatic ones and are used to handle low volume to medium volume applications.

There are many factors contributing to the growth of the tape banding machines market such as being easy to use, economical and cost-effective. Banding is required to combine, hold, stabilize and fasten the goods tightly.

Growing need for protecting products during shipping and transportation, and utilization of these machines in various industries such as logistics and warehousing, food and beverage, healthcare and pharmaceutical, for packaging of goods are expected to fuel the market growth over the forecast years.

Key Takeaways from Tape Banding Machine Market

· By operation, the automatic tape banding machines segment is expected to hold 62.6% of the market share in 2032.

· Based on end use, logistics and warehousing segment is expected to grow 1.5 times of its current size by the end of forecast period.

· By capacity, 1.6-2 seconds per strap is expected to grow at a CAGR of 5.1% during the forecasted year

· The U.S. tape banding machine market is likely to surge at 2% CAGR through 2032.

· Demand for tape banding machines in India is anticipated to rise at 4.3% CAGR, reaching a valuation of US$ 249.5 Mn by 2032.

“Rising demand for tape banding machines across various end-use industries, especially in logistics & warehousing and food & beverage, has been the major factor adding fuel to the market growth. Similarly, growing requirement for safe packaging of goods is producing a significant market demand for tape banding machines,” – Comments FMI analyst

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With Advanced Technology, Banding Machines Are Acting as a Perfect Companion for Primary Packaging

When it comes to the bundling of consumer goods like fruits & vegetables, banding is the perfect primary packaging option for products as it does not generate any harmful waste. With ultrasonic technology, 100 % eco-friendly, non-toxic and adhesive-free bands are used.

Banding material is particularly gentle on edges and prevents unauthorized opening of products, replaces price labels, provides all the product-related information on the band and also creates considerably less waste than other packaging. Thus, the rising use of banding in primary packaging is expected to fuel the demand for the tape banding machines.

Who is Winning?

Some of the leading players operating in tape banding space include

• Dynaric, Inc.,
• StraPack, Inc.,
• HAMME MAKINE A.S.,
• SUNPACK,
• Transpak Equipment Corp.,
• Signode Industrial Group LLC,
• Fromm Holding AG,
• ATS-Tanner Banding Systems AG,
• FELINS,

Bandall International., Avi International Packaging Co., The Plastic Strapping Company Ltd, Join Pack Machines Private Limited, Millenium Packaging Solutions, TPC Packaging Solutions, Cyklop Global Packaging Solutions and Kopack Enterprises.

These players are continuously upgrading their products to help end users to improve their productivity and secure packages with better banding.

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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