Customer Advocacy Software Market Embarks on 7.1% CAGR Path to US$ 1.4 Billion by 2032

The global customer advocacy software market is estimated to garner US$ 1.4 Billion while exhibiting a 7.1% CAGR during the forecast period. Mainly due to the availability of smart technologies amongst the masses the global customer advocacy software market has grown by leaps and bounds in recent years. As enterprises strive to attain a competitive edge, customer advocacy is a necessity. Many large enterprises are considering the extraction capabilities for getting valuable insights from big data, which is opportunistic for the market and will help boost the growth of the market.  

Also, small and medium-scale businesses are shifting their business to a digital platform, small-scale businesses are using customer advocacy software solutions for several uses and it is helping them to become more productive, smarter, and efficient and also to form a loyal customer base. With increasing cloud-based solutions, the customer advocacy software industry is expected to secure US$ 718 Million in 2022.

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Rising penetration of big data technologies, cloud computing, and other advanced technologies have prompted customer advocacy software providers to transform services to a whole new level. Also, the increasing use of cloud-based technology such as artificial intelligence and big data in many applications impelled the growth of the market. The enterprise propaganda segment is likely to offer remunerative opportunities for the global customer advocacy software market. 

Key Takeaways from the Customer Advocacy Software Market Report: 

  • By type, the cloud-based segment is expected to record a 6.9% CAGR by 2032  
  • By application, the enterprise propaganda segment is to expand at a 6.8% growth rate during the forecast period  
  • The U.S market to garner US$ 510 Million and record a 7.0% CAGR from 2022-2032  
  • Market in China to procure US$ 104.5 Million, expanding at a 6.5% growth rate during the assessment period 

Competitive Landscape:
Key players in the global customer advocacy software market include One Click Politics, The Soft Edge, CQ-Roll Call, Capitol Impact, and Capitol Canary among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are: 

  • In March 2021– Blackbaud the world’s leading cloud software company powering social good, introduced Blackbaud CRM which provides enterprise institutions with a strong foundation to support broader technology initiatives across campus, enabling them to drive fundraising and engagement success. 
  • In February  2022– Capitol Canary, the leading government affairs technology platform, after acquisitions of KnowWho and GovPredict, which paved the way for the company to provide a comprehensive government affairs solution that combines detailed legislative and regulatory intelligence, proven advocacy tools, and the most accurate policymaker contact data.

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Customer Advocacy Software Market Segmentation:

By Type:

  • On-premises
  • Cloud-based

By Application:

  • Enterprise Propaganda
  • Government Election
  • Organize Fund-raising

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 400 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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Aluminum Curtain Wall Market Poised for Stellar Growth with 9.3% CAGR, Driven by Sustainability, Advertising, and Innovation

Aluminum Curtain Wall Market
Aluminum Curtain Wall Market

The aluminum curtain wall market is on a trajectory for exceptional growth, with a projected valuation exceeding US$ 103 billion by 2033. This translates to a stunning compound annual growth rate (CAGR) of 9.3%, according to a recent analysis by our consumer product experts. In 2023, the market was valued at US$ 42.3 billion, highlighting its significant potential.

Several key trends are propelling this growth:

  • Sustainable Solutions with BIPV Integration: Building-integrated photovoltaics (BIPV) is a revolutionary approach that seamlessly integrates solar technology into building elements like curtain walls. This forward-thinking strategy allows businesses to embrace environmental responsibility, reduce energy costs, and gain a competitive edge. By offering sustainable and visually appealing properties, companies utilizing BIPV can position themselves as industry leaders.

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  • Engaging with the Future: Augmented Reality Advertising: Curtain walls are transforming into interactive platforms for augmented reality (AR) advertising. Imagine passersby using their smartphones or AR glasses to engage with immersive commercials or content displayed on the curtain wall. This innovative trend opens exciting revenue streams for businesses seeking novel and interactive ways to connect with their audience. Curtain walls become dynamic advertising spaces, attracting brands looking for captivating promotional opportunities.

  • Nanotechnology Enhances Performance: The incorporation of nanotechnology coatings in curtain wall systems is gaining significant traction. These coatings boast advanced properties like self-cleaning, anti-bacterial, and anti-pollution functionalities. Businesses benefit from lower maintenance costs and a consistently impressive building exterior. Self-cleaning coatings, for instance, repel dirt and contaminants, minimizing cleaning expenses while maintaining a pristine appearance. This translates to well-maintained and visually attractive facilities, a major advantage when attracting tenants or customers.

The aluminum curtain wall market presents a compelling picture of growth and innovation. By embracing these trends, businesses can unlock a world of sustainability, new revenue streams, and improved building performance.

Key Takeaways from the Aluminum Curtain Wall Market Report:

  • In 2018, the global market size stood at US$ 31,299.2 million.
  • The market size expanded at a 7.4% CAGR from 2018 to 2022.
  • In 2022, the global market size stood at US$ 42,300.0 million.
  • The market in Canada will rise at a 7.7% CAGR through 2033
  • The market size in Germany will expand at a 3.7% CAGR through 2033.
  • The market share in India will increase at a 4.3% CAGR through 2033.
  • The commercial space application segment captured 76.8% of shares in 2023.
  • The unitized systems captured 58.0% of shares in 2023.

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Note from the Analysts:

“The aluminum curtain wall market is currently passing through an influential shift, fueled by technical developments, the expanding environmental agenda, and an ever-increasing demand for modern and visually appealing architectural solutions. The market is prepared to reveal new paths of development and innovation, with a concentrated focus on efficiency, aesthetics, and responsible environmental stewardship opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).

Key Players in the Global Aluminum Curtain Wall Market

  • Alumil Aluminium Industry S.A.
  • GUTMANN AG
  • Hansen Group Ltd.
  • Permasteelisa Group
  • Kawneer (Arconic)
  • Apogee Enterprises, Inc.
  • YKK AP America
  • Oldcastle BuildingEnvelope
  • Schüco International
  • Reynaers Aluminium
  • View Inc.
  • EFCO Corporation

Recent Developments Observed by FMI:

  • In May 2023, ClearVue Technologies Limited, a smart building materials company, launched its improved product design for the ClearVue PV solar vision glass integrated glazing unit, or IGU. Concurrently, the Company showcased its new integrated Solar Façade Solutions.
  • In June 2022, Kawneer Aluminum, a leading architectural producer, introduced a revolutionary aluminum façade system meant to exceed sustainability criteria. The recently designed aluminum façade technology is highly recyclable and long-lasting.

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Aluminum Curtain Wall Market Segmentation

By Type:

  • Stick-built
  • Semi-unitized
  • Unitized

By Application:

  • Commercial
  • Residential

By Region:

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Premium Cigarettes Market Sees Promising 6.2% CAGR Growth by 2033

The global premium cigarette market is expected to be valued at US$ 11235.7 million in 2023. The availability of premium cigarettes is estimated to see significant growth in the long run, as some people are willing to spend hugely on their smoking habits.

Sales of Premium cigarette worldwide in the near future will also see curious smokers gaining access to high quality cigarettes. but the strict policies towards acquiring organic certifications for cigarette and conditional limitations of tobacco industry may affect market growth to a certain degree.

In the long run, there will be a significant growth in accessibility of premium cigarettes because some people like spending more for smoking.

The availability of high quality cigarettes to curious smokers will significantly boost the sales Premium worldwide in near future and higher prices on their smoking habit is going to make premium available for more growths far beyond short term.

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What is Driving Demand for Premium Cigarette?

To attract smokers, companies are using organic, natural, and additive-free tobacco labels, which is driving sales of Premium cigarettes. Farmers are also significantly investing in organic farming methods to enhance the crop yield.

Moreover, over the last few years, smokers have shifted their focus towards cigars and cigarettes developed from organic tobacco, creating an opportunity in the Premium cigarette market. In addition to traditional cigarettes, companies are introducing Premium brands with menthol capsules.

These capsules add menthol flavor to cigarettes to improve the tobacco blend. Premium cigarettes with flavor capsules are more popular among youngsters owing to the novelty of smoking some flavored cigarettes.

Covid-19 Pandemic Affected the Sales of Cigarettes and Premium Brands

Because of the unavailability and increased cost of tobacco products, the ongoing covid-19 pandemic has sharply reduced global Premium cigarette sales. Furthermore, tax increases and nationwide lockdowns in various countries are contributing factors to a decline in cigarette and Premium brand sales volume in 2020.

In addition, post the covid-19 pandemic, cigarette sales will be challenged among people who are more health conscious, limited or quit tobacco consumption during the pandemic, and concerned about being infected by coronavirus if they consume tobacco products.

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Governments around the world have also increased their awareness programs about the harmful effects of tobacco during the coronavirus pandemic, which may impede market growth to some extent.

However, in order to survive in the market place, companies are improving their strategies and started lowering some of the harmful chemicals used in cigarettes such as tar and nicotine and offering a unique selling proposition to retain their customers.

Additionally, some curious smokers who purchase Premium brands in order to stand out from the crowd are likely to boost Premium cigarette demand over the course of the evaluation period.

China is currently dominating the Global Premium Cigarette Market

More than half of the top cigarette brands sales are generated from Asia-Pacific market. As, cigarette consumption is more associated with low and medium- Human Development Index (HDI) countries. Also, Asian consumers are particularly fond of long-standing, well-reputed and traditional cigarette brands.

China is one of the leading markets for Premium cigarettes globally, as there are around one-third of the world’s total smokers in China. Around 26% of adults aged 15 and above are current smokers in China, which could be the potential customers for Premium cigarette brands in the near future. Moreover, gifting cigarettes and its related products is deeply rooted in Chinese culture particularly in rural areas continues to drive demand for Premium cigarettes. se country’s demand for Premium cigarettes is expected to grow at a significant rate during the assessment period 2021-31, owing to the fact that gifting cigarettes, primarily Premium cigarettes, during holidays or special occasions is a sign of respect and a status symbol among Chinese people.

Demand for Premium cigarettes in China will be led by the male population, as the consumption of tobacco among adult men is significantly higher compared to females.

Who are the Key Manufacturers and Suppliers of Premium Cigarette?

Some of the leading manufacturers and suppliers of Premium cigarette include

  • Reynolds American, Inc.
  • Parliament Hybrid
  • ITG Brands, LLC
  • JTI-Macdonald Corp.
  • British American Tobacco PLC
  • Philip Morris USA Inc.
  • The Nat Sherman Company
  • Gallaher Group
  • Imperial Tobacco Group
  • J. Reynolds Tobacco Company
  • The Chancellor Tobacco Company
  • China Tobacco
  • Thailand Tobacco Monopoly
  • Wilh. from Eicken GmbH

The smoking experience and tobacco quality are the most important attributes to smokers. Thus, many prominent players in the cigarette market are expanding their product portfolio by significantly investing in premium brands with superior quality, heritage, and more appealing packaging appearance, which makes their Premium brands stand out from mass brands.

Some companies are also creating new smoke-free alternatives and organic flavored tobacco portfolios with fewer or no harmful substances.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

Key Segments of Premium Cigarette Market

By Product Type:

  • Flavored
  • Non-Flavored

By Format:

  • Slim
  • Super Slim
  • King Size
  • Regular

By Sales Channel:

  • Specialty Stores
  • Multi-brand Stores
  • Independent Tobacco Shops
  • Online Retailers
  • Others

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 400 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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Expanding Commodity Plastic Market: Anticipated Valuation of US$ 1170 Billion by 2034

By 2034, it is projected that the size of the global commodity plastic market will be valued at US$ 1170 Billion. It is predicted to expand at a compound annual growth rate (CAGR) of about 6.7% from 2024 to 2034. By 2024, the market is projected to be worth US$ 610 Billion.

As emerging nations become more urbanized, there will be a surging demand for high-demand plastics, particularly from the infrastructure, consumer goods, and construction industries. The growing middle class is expected to increase the demand for packaged goods, including food, drink, and household goods packed in generic plastic.

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It is anticipated that continued developments in material science, manufacturing techniques, and package designs will drive the development of new commodity plastic varieties. The increasing trend of contemporary consumers buying online is expected to propel the demand for both regular and bulk plastics.

Demand is expected to be driven by businesses’ continued preference toward environmentally friendly substitutes for traditional mainstream plastics, such as recycled materials, biodegradable polymers, and bio-based plastics. Leading companies’ attention to the creation of a circular economy is anticipated to spur improvements in material recovery, recycling techniques, and waste management procedures.

It is anticipated that increased awareness of plastic pollution and the implementation of strict regulations to reduce it in a number of nations would spur innovation in the commodity plastic sector. Interactive consumer interaction, shelf life extension, and tamper-evident solutions are expected to be made possible by the incorporation of functional additives, active substances, and innovative technologies into commodity plastic packaging solutions.

Key Takeaways from the Commodity Plastic Market Report-

  • South Korea is set to lead the commodity plastic market by showcasing a CAGR of 8.0% in the forecast period.
  • Japan’s commodity plastic industry is projected to witness a CAGR of 7.7 % in the evaluation period.
  • The United States is expected to reach a valuation of US$ 210 billion by 2034.
  • Based on type, the polyethylene (PE) segment is anticipated to witness a CAGR of 6.5% from 2024 to 2034.
  • In terms of the end-use industry, the packaging segment is predicted to showcase a CAGR of around 6.4% in the estimated period.

“The need for commodity plastic manufacturing is expected to rise in emerging countries due to the ever-expanding e-commerce sector, which mostly uses plastics for packaging and shipping. Countries with well-established automobile sectors are set to witness new opportunities as manufacturers frequently employ commodity plastics to create lightweight exterior and interior elements that increase fuel efficiency.” – says FMI analyst.

Competitive Landscape

In order to meet the increasing demand from contemporary customers, leading enterprises in the commodity plastic market are concentrating on offering creative plastic packaging solutions. Large sums of money are being spent on research & development in an effort to find innovative packaging that complies with regulations and helps lessen plastic pollution. A few other businesses are attempting to increase their market share in the antibacterial commodity plastic industry.

Key Companies Profiled in the Commodity Plastic Market Report

  • LG CHEM
  • INEOS
  • LYONDELLBASELL
  • SUMITOMO CHEMICAL
  • SABIC

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For instance,

  • In November 2023, Reusable Plastic Containers (RPCs) designed especially for banana packing were introduced in partnership with Arena Packing by Fresh Del Monte Produce Inc., a well-known manufacturer of premium fruits and vegetables. With this packaging, the company hopes to extend the shelf life of bananas while cutting expenses and carbon emissions.
  • Ecolab and Total Energies collaborated to introduce their revolutionary plastic packaging in February 2023. As the packaging solution is composed of recycled materials, the heavy-use packaging sector will be more sustainable. The companies claimed that their innovative packaging method would help the industry meet the EU’s circularity obligations.

Commodity Plastic Market Outlook by Category

By Type:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyethylene Terephthalate (PET)
  • Poly (Methyl Methacrylate) (PMMA)

By End-use Industry:

  • Packaging
  • Automotive
  • Electronics
  • Consumer Goods
  • Construction
  • Textiles
  • Medical & Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and 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 400 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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Offshore Structural Analysis Software Market Projected 5.4% CAGR, Targets US$ 1.1 Billion by 2032

The offshore structural analysis software market is poised for remarkable growth, with a projected CAGR of 5.4% expected during the period from 2022 to 2032. By the year 2032, this dynamic market is forecasted to reach a substantial valuation of US$ 1.1 Billion. This impressive growth is indicative of the increasing importance of robust structural analysis tools in the offshore industry, where safety and efficiency are paramount.

As the demand for offshore infrastructure and energy projects continues to surge, the need for sophisticated software solutions that can accurately assess the structural integrity of these installations becomes ever more critical. The offshore structural analysis software market is set to play a pivotal role in ensuring the longevity and reliability of offshore structures, making it a key focus area for investment and technological advancement in the years to come.

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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 from the Offshore Structural Analysis Software Market Report:

  • 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 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 of 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.

Leading Key Players:
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.

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Offshore Structural Analysis Software Market Segmentation:

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

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 400 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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Over the Top (OTT) Services Market Hits US$ 7 Trillion by 2032, Fueled by 12.6% CAGR

The over the top (OTT) services market is estimated to garner US$ 7 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.

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 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.

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Key Takeaways from the Over the Top (OTT) Services Market Report:

  • By application, the e-services segment is expected to record a 14.2% CAGR by 2032
  • By business model, the premium & subscription segment is 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 in the global over the top (OTT) services market include Twitter Inc., LinkedIn Corp., Netflix Inc., Amazon Inc., and 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 carrier in 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 aims 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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Over the Top (OTT) Services Market Segmentation:

By Application:

  • Communication
  • E-services
  • Media Content
    • Audio/Video
    • Gaming
    • Web content
  • Cloud services

By Business Model:

  • Premium & Subscription
  • Adware
  • E-commerce

By End-Use:

  • Personal
  • Commercial
    • Healthcare
    • Media and entertainment
    • E-commerce
    • IT
    • Education
    • Others (Including Manufacturing, Energy, and Transportation)

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 400 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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Non-ionizing Radiation EMF Detection, Measurement, and Safety Market Anticipates US$ 94.5 Billion Growth by 2032 with 3.6% CAGR

The global non-ionizing radiation EMF detection, measurement, and safety market is expected to reach US$ 94.5 Billion by 2032, rising at a 3.6% CAGR between 2022 and 2032, according to FMI Analysts. The market was estimated to be worth US$ 66.3 billion in 2022. Due to an increase in the use of electrical and electronic devices throughout the projection period, it is anticipated that sales of non-ionizing radiation EMF detection, measurement, and safety devices will grow.

Non-ionizing radiation EMF detection, measurement, and safety are becoming more in demand in the domestic and industrial sectors. Furthermore, there has been a sharp rise in the use of wireless technology globally across several industries. As a result, it is projected that the market share for non-ionizing radiation EMF detection, measurement, and safety will increase.

The demand for consumer electronics like tablets, smartphones, and laptops is also driving an increase in the need for non-ionizing radiation EMF detection, measurement, and safety.

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The usage of radiation detection and measuring tools and techniques has significantly increased due to growing public awareness of the health risks connected with exposure to these radiations. Therefore, during the forecast period, these factors are anticipated to favor the growth of the non-ionizing radiation EMF detection, measurement, and safety market.

There are several different types of radiation detection equipment, including area monitoring devices, handheld devices, and personal monitoring devices. Due to the growing use of electronic support measures (ESM), it is anticipated that non-ionizing radiation EMF detection, measurement, and safety equipment sales will expand throughout the forecast period.

Countries might concentrate their efforts on arming their armed forces with technology and systems for spotting and identifying threats from intruding systems by using electronic support measures (ESM).

It is crucial to manufacture products with enough sensitivity and accuracy standards due to the government’s stringent regulatory controls on radiofrequency and other non-ionizing radiation exposure. Non-ionizing radiation EMF detection, measurement, and safety device manufacturers must create products that can accommodate new technologies and satisfy the requirements of varied end users. Therefore, shortly, these restrictions are anticipated to restrain the expansion of the non-ionizing radiation EMF detection, measurement, and safety market.

Key Takeaways from the Non-ionizing Radiation EMF Detection, Measurement, and Safety Market report:

  • By end use, the military and homeland security segment is anticipated to dominate the global non-ionizing radiation EMF detection, measurement, and safety market with a CAGR of 3.7%.  It is due to considerable growth in non-lethal attacks in warfare using non-ionizing and ionizing solutions to damage the nation’s military’s electromagnetic transmissions.
  • By device, the handheld monitoring device segment dominated the non-ionizing radiation EMF detection, measurement, and safety market with a CAGR of 4.5%. This is due to their simplicity of use and handling; handheld devices have seen a larger demand than other types of gadgets.
  • With constant advancements in these devices, demand for handheld devices is expected to skyrocket shortly, presenting a lucrative growth opportunity for non-ionizing radiation EMF detection, measurement, and safety market participants.
  • With a market share of approximately US$ 39.2 billion during 2022-2032, the U.S. is anticipated to emerge as the top regional market for non-ionizing radiation/EMF detection, measurement, and safety. The huge number of non-ionizing radiation/EMF detector manufacturers is thought to be the key driver of this regional market’s growth.
  • Due to rising consumer awareness, Asia Pacific is expected to see an increase in demand for non-ionizing radiation/EMF detection, measurement, and safety equipment shortly.

Competitive Landscape:
Wave control, Narda Safety Test Solutions, Mirion Technologies, Inc., Brightsandz Pvt Ltd., and General Tools & Instruments LLC are some of the key players in the global non-ionizing radiation EMF detection, measurement, and safety market.

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Non-ionizing Radiation EMF Detection, Measurement, and Safety Market Segmentation:

By Detector:

  • High Frequency
  • Low Frequency
  • Others

By Device:

  • Personal Monitoring Devices
  • Handheld Monitoring Devices
  • Area Monitoring Devices

By End-use:

  • Residential
  • Healthcare
  • Military and Homeland Security
  • Manufacturing
  • Laboratory and Education
  • Telecommunication
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South 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 400 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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Disposable Respirators Market Value Surges to US$ 4.2 billion by 2033

The disposable respirators market is poised for substantial growth, with projections indicating a valuation of US$ 2.7 billion by 2023. Over the period from 2018 to 2022, the market witnessed a remarkable surge in sales, achieving a notable compound annual growth rate (CAGR) of 5.4%. Looking ahead, the market is anticipated to continue its upward trajectory, reaching a significant market size of US$ 4.2 billion by the end of 2033, driven by a steady CAGR of 4.4% throughout the assessment period spanning from 2023 to 2033.

The N-series type segment is expected to be a key contributor to the growth of the disposable respirators industry, displaying a robust CAGR of 4.2% from 2023 to 2033. This segment caters to diverse needs, offering effective protection against airborne particles, dust, contaminants, and microorganisms.

Disposable respirators, also referred to as disposable face masks, play a crucial role in safeguarding individuals from various airborne hazards prevalent in different work environments. Crafted from multiple layers of non-woven fabric, these respirators often feature additional components such as nose clips, adjustable straps, and respirator valves, enhancing their functionality and comfort. They find extensive application across a spectrum of industries including medical, construction, mining, manufacturing, and more, where workers encounter risks associated with exposure to harmful airborne particles and contaminants.

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Trends

Stringent safety regulations imposed by governments and regulatory bodies globally are compelling industries to prioritize the safety of their workforce by mandating the use of personal protective equipment (PPE), including disposable respirators. This heightened focus on safety standards has fueled substantial demand for disposable respirators, especially in sectors characterized by hazardous work conditions such as construction, manufacturing, and healthcare.

In response to the growing demand, manufacturers within the disposable respirator market are continuously innovating to enhance the comfort, fit, and overall performance of their products. These technological advancements have garnered enthusiastic reception from users seeking improved protection and comfort during prolonged use.

One of the key trends driving innovation in the disposable respirator market is the integration of advanced features and materials aimed at enhancing user experience. Manufacturers are incorporating cutting-edge filter materials, optimizing ventilation systems, and implementing adjustable straps and ergonomic designs to improve usability and wearer satisfaction.

Furthermore, these innovative enhancements not only elevate the performance of disposable respirators but also contribute to cost reduction and increased convenience for users. As a result, the market is witnessing a surge in adoption as industries recognize the value proposition offered by these advanced respiratory protection solutions.

Key Companies

  • 3M
  • Alpha Solway Ltd
  • Avantor Inc.
  • Bunzl plc
  • Drägerwerk AG & Co.
  • KGaA

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Market Segmentation

Type:

  • N-Series
  • P-Series
  • R-Series

End-Use Industry:

  • Transportation
  • Energy
  • Manufacturing
  • Construction
  • Healthcare
  • Others

Composite Resin Market Poised for Steady Growth at 6.7% CAGR by 2034

The composite resin market is expected to reach a valuation of US$ 25.1 billion in 2024. The industry is projected to be worth US$ 48 billion by 2034, expanding at a CAGR of 6.7% between 2024 and 2034. The market is expanding significantly, propelled by its extensive application in key dental, automotive, and construction sectors. These composite materials, crafted from polymers and filler particles, exhibit a remarkable blend of attributes, including durability, aesthetic appeal, and resistance to diverse environmental factors.

In dentistry, composite resins have emerged as the preferred choice for tooth-colored fillings owing to their natural appearance and strong adhesive properties. The automotive industry leverages these materials to enhance lightweight and fuel efficiency, emphasizing their role in advancing sustainability initiatives. Additionally, composite resins are crucial in the construction sector, contributing to structural integrity and offering design flexibility.

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The market expansion is further fueled by ongoing research and development endeavors to refine material properties and uncover novel applications. This commitment to innovation underscores composite resin technologies adaptability and continuous evolution to meet the ever-changing demands of diverse industries. As industries increasingly prioritize sustainability, the adoption of composite resins gains momentum due to their eco-friendly characteristics. This shift towards sustainable practices aligns with global initiatives, contributing to the ongoing growth trajectory of the market.

Key Takeaways from the Market Study:

  • Based on the manufacturing process, the layup type is projected to expand at 6.3% CAGR by 2034.
  • The United States is estimated to register at a CAGR of 7% by 2034.
  • The United Kingdom experiences significant growth, projected at a CAGR of 8% by 2034.
  • Based on resin type, thermoset resin is anticipated to expand at a CAGR of 6.5% by 2034.

“The composite resin market experiences a surge as these industries prioritize composite resins for their adaptability and performance, fueling sustained growth in the market” – says FMI analyst.

Competitive Landscape:

The competitive landscape of the composite resin market is characterized by intense rivalry among key players striving for market dominance. Major companies employ strategic initiatives such as mergers, acquisitions, and partnerships to solidify their market positions.

Continuous innovation in product development and a focus on sustainability drive competition, fostering a dynamic environment. The market is marked by a mix of established industry leaders and emerging players, contributing to ongoing advancements and growth in the composite resin sector.

Some key market developments are as follows:

  • In March 2020, Ube Industries Ltd. revealed its acquisition of Premium Composite Technology North America Inc. (PCTNA). This acquisition underscores UBE’s commitment to global growth and diversification, reinforcing its presence in key regions and enhancing its offerings to the automotive industry.
  • In May 2020, Huntsman International LLC completed the acquisition of CVC Thermoset Specialties (CTS), a company specializing in industrial composites, adhesives, and coatings markets. This strategic acquisition enhances Huntsman’s position in these key sectors, broadening its portfolio and strengthening its capabilities in serving the evolving needs of the industrial market.

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Key Companies Profiled

  • Sumitomo Bakelite Co Ltd
  • Dow
  • DSM
  • Hexion Inc
  • Scott Bader Company Ltd
  • Huntsman International LLC
  • Celanese Corporation
  • Evonik Industries AG
  • Allnex GmbH
  • SABIC

Key Segments of Composite Resin Industry Survey:

By Resin Type:

  • Thermoset Resin
  • Thermoplastic Resin

By Manufacturing Process:

  • Layup
  • Filament Winding
  • Injection Molding
  • Pultrusion
  • Compression Molding
  • Resin Transfer Molding

By Application:

  • Marine
  • Aerospace and Defense
  • Construction and Infrastructure
  • Automotive and Transportation
  • Electricals and Electronics
  • Pipes and Tanks
  • Wind Energy

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and 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 400 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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AI in IoT Market on the Brink of Explosive Growth: Projected CAGR of 6.4% and US$ 153.1 Billion by 2033

The AI in IoT market is predicted to grow steadily at a rate of 6.4% over the coming years. By 2033, it’s expected to reach a value of approximately US$ 153.1 billion.

As more and more transportation and connected devices need to keep track of their assets and performance, there’s a growing need for special services to help with this. Also, the companies that provide mobile network services around the world are helping to make everything more connected.

The cool thing is that as artificial intelligence gets better and we have easy access to the internet everywhere, the use of smart devices is increasing. This means we can do things more efficiently than ever before, and that could make IoT products even more valuable in the next ten years.

Artificial Intelligence has shown that it can be really helpful in gathering a lot of information. It gives us the tools to make decisions quickly in things like smart devices. But to make these devices work even better, we might need to spend money on new technology.

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As the Internet of Things (IoT) market expands, the focus is shifting towards handling the data produced by IoT devices. This data helps us gather valuable information and allows for real-time monitoring to improve customer experiences. With faster delivery and minimal delays, plus the ability to track products in real-time, it’s expected that the IoT market will grow significantly in the near future

In the world of retail, cloud AI (Artificial Intelligence) is primarily used to make customers’ experiences better and to develop products that connect to the Internet of Things (IoT) and are customer-centric. There are now newer versions of established companies providing software that covers all aspects of the business. This has happened because the competition in the industrial IoT sector has become fierce, and the market has grown and evolved.

key takeaways from AI in IoT Market Report:

  • The United States market leads the AI in IoT market in terms of market share in North America. The United States region held a market share of 19.4% in 2023. The growth in this region is attributed to rapid industrial automation, IoT deployment, boosting innovation, and extended research and development facilities. The North American region held a market share of 29.4% in 2022.
  • Germany’s AI in IoT market is another successful market in the European region. The market holds a market share of 9.4% in 2023. The growth is attributed to government contracts, automotive transformation AI and IoT integration with manufacturing machinery. Though, the European region held a market share of 9.4% in 2022
  • The Indian AI in IoT market thrives at a CAGR of 6.8% during the forecast period. The market’s growth is attributed to innovative products and industrial automation.
  • Chinese AI in IoT market also thrives at a CAGR of 7.1% between 2023 and 2033. The growth is caused by the integration of robotics and AI in the manufacturing and defense spaces.
  • Based on components, the platform segment held the leading market share of 47.3% in 2022.
  • Based on technologies, ML and deep learning performs better than the rest as it holds a leading market share of 79.4% in 2022.

Competitive Landscape:

The key vendors focus on better deployment, affordability, customization, and cutting-edge technological advancements. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Recent Market Developments:

  • Microsoft has introduced Defender for IoT to defend printers, smart TVs, and other IoT devices that apply artificial intelligence to monitor the performance as well as the threat.
  • Google-supported Indian organizations are handling climate change with the help of AI, ML, and IoT. Gujrat Mahila Housing Sewa Trust and Villgro Innovation Foundation. The AI-enabled systems help end users with enhanced prediction and possible threat management.

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AI in IoT Market Segmentation:

By Components:

  • Platform
  • Software Solutions
  • Services
    • Professional Services
    • Managed Services

By Technologies:

  • ML and Deep Learning
  • NLP

By Verticals:

  • Manufacturing
  • Energy and Utilities
  • Transportation and Mobility
  • BFSI
  • Government and Defense
  • Retail
  • Healthcare and Life Sciences
  • Telecom
  • Others(agriculture, education, telecom, and tourism and hospitality)

By Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan
  • The Middle East and 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 400 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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