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Application Virtualization Market Predicted to Achieve Remarkable Growth with a 12.9% CAGR, Eyeing US$ 14,365.1 Million by 2033

The application virtualization market is expected to experience remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 12.9% from 2023 to 2033. This growth is anticipated to result in a market value of approximately US$ 14,365.1 million by 2033.

The primary drivers of the adoption of application virtualization are enhancing security and streamlining the administration of the whole application cycle. Moreover, an increasing need for solutions that shorten the time-consuming application installation procedure has popularized application virtualization nowadays.

Application virtualization has become essential nowadays for a range of companies to support remote offices and reduce the expenses for transforming business models. For example, a virtualization firm named Cameyo witnessed a two-fold increase in income since businesses began implementing work-from-home rules. So, the demand for application virtualization for private cloud models could be driven by the strengthening of data security laws with centralized storage infrastructure.

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The global application virtualization market is primarily led by the North American region, owing to the strong presence of prominent IT companies in the area. Furthermore, the expansion of small and medium-sized enterprises (SMEs) in the United States and Canada has significantly contributed to the market’s rapid growth.

Key Takeaways from the Application Virtualization Market Report:

Owing to the presence of many leading market players, the North American region acquired 28.3% of the global market share in 2022. The United States contributes a significant portion of this regional market and its global market share in 2022 was 20.2%.
Europe region follows North America in the adoption of application virtualization technologies and held 23.4% of the global market share in 2022.
Germany is the frontrunner in the adoption of application virtualization services and its market contributed 9.6% of the revenue generated globally in 2022. Meanwhile, the demand for application virtualization technologies in the United Kingdom is growing at a faster rate and could register at 12.5% through 2033.
With a booming IT and industrial sector, the application virtualization tech companies based in Asia Pacific countries are getting robust. Japan led the application virtualization solutions and services market in the whole of Asia with a 7.1% global market share in 2022.
China’s market is poised to advance at a 14.2% annual growth rate through 2033 and Chinese are anticipated to emerge as the global competitors. Meanwhile, the Indian market is projected to closely follow China by exhibiting a growth rate of 13.6% during this period.
Based on the 2022 report, agent-based solutions currently constitute the leading component segment of the global market by contributing a 39.2% revenue share. However, among the different components, the service sector is predicted to contribute more to the market growth throughout the forecast years.

Leading Key Players:

Microsoft
Symantec Corporation
VMware
Citrix Systems
Red Hat
Oracle
Google
Dell
Micro Focus
Parallels International
Systancia
Accops
NComputing
Sangfor Technologies
NextAxiom Technology

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Application Virtualization Market Segmentation:

By Component:

Application Virtualization Solutions
Agent-Based Solution
Agent Less Solution
Application Virtualization Services
Support and Maintenance Services
Training and Consulting Services

By Deployment Type:

Public Cloud
Private Cloud
Hybrid Cloud

By Organization Size:

Large Enterprises
Small and Medium Enterprises (SMEs)

By End-user Verticals:

Banking, Financial Services, and Insurance (BFSI) Sector
Healthcare Sector
Information Technology (IT) and Telecom Sector
Government and Defense Sector
Building & Construction Sector
Education Sector
Other End-user Verticals

By Region:

North America Market
Latin America Market
Europe Market
East Asia Market
South Asia Market
Oceania Market
The Middle East & Africa (ME&A) Market

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.

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Next-Gen Firewall Market Evolution: Predicted 9.1% CAGR Sets Sights on US$ 8.5 Billion by 2033

The next-gen firewall market is projected to grow to approximately US$ 8.5 billion, with an annual growth rate of 9.1% from 2023 to 2033.

The rise in data hacking activities and cyber-attacks is encouraging enterprises to focus on the detection of better security solutions. Hence, demand for next-gen firewall systems for securing information deployed on the cloud and for strengthening the security structure of the company is increasing.

Moreover, large organizations are taking initiatives to implement next-gen firewalls for their business applications which are deployed on the cloud, and helping other small enterprises to understand the usage of next-gen firewall capabilities and internet security threats.

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The physical NGFW appliance segment in the global next-gen firewall market is estimated to have a dominating market share of 66.7% in 2022. Regionally, North America is currently dominating the global market owing to the high adoption of network security solutions among enterprises.

The adoption of security solutions for the next generation helps to improve the company’s product and operational efficiencies. Next-generation endpoint security uses machine learning, artificial intelligence (AI), and tighter integration of networks to offer more comprehensive and adaptive protection.

The next-gen firewall demand in the USA is expected to account for nearly 78.6% of North America’s market share through 2033. In the USA, next-gen firewall providers are focusing on offering intrusion detection and prevention system for identifying and analyzing irregular deviation from cyber-attacks.

Key Takeaways from the Next-Gen Firewall Market Report:

Among the enterprise size, the SME segment is estimated to grow by 3.0X during the forecast period.
North American region is expected to dominate the next-gen firewall market followed by Europe in 2022.
South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
In India, the next-gen firewall market is expected to grow by 4.4x during the forecast period.

Competitive Landscape:

Next-gen firewall market players are focusing on various strategies such as investments in research and development to support future technologies. In addition, several companies are adopting inorganic growth strategies such as acquisition and entering into partnerships with other companies to develop their own next-gen firewall to reduce the churn rate.

In March 2022, Palo Alto Networks entered into a partnership with Amazon Web Services to natively integrate the next-gen firewall into a public cloud environment.
In January 2022, Check Point Software Technologies introduced the Quantum Light speed Firewalls for introducing the biggest network security revolution.

Leading Key Players:

Cisco
Checkpoint Software Technologies
Barracuda
Fortinet
Sophos
Juniper Networks
Palo Alto Networks
Cloudflare
Sonicwall
Hillstone Networks
Sangfor Technologies
Zscaler

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Next-Gen Firewall Market Segmentation:

By Type:

Physical NGFW Appliance
Virtual NGFW Appliance

By Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Industry:

IT & Telecom
BFSI
Healthcare
Manufacturing
Retail
Government
Others

By Region:

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

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Fiber Optic Connectivity Market Poised for Remarkable Growth, Projected to Reach US$ 7.7 Billion by 2033 with 9.5% CAGR

The fiber optic connectivity market is expected to grow significantly, reaching a value of US$ 7.7 billion by the year 2033. This market is experiencing steady growth at a rate of approximately 9.5% per year during the forecast period.

The market is also predicted to expand throughout the forecast period as a result of the increased global demand for energy-efficient solutions across numerous sectors. The expansion of the market is also impacted by the demand for fibre optic technology across a variety of industrial sectors, as well as in the submarine and aircraft industries.

Additionally, because data transit is so inexpensive, it is anticipated that the market for fibre optic communication would grow. In addition, it is anticipated that several new opportunities brought about by advancements in communication technology will accelerate the expansion of the market for fibre optic connectivity during the course of the anticipated period. Longer distance transmission with lower security risk is a crucial factor that is projected to promote the growth of the Fiber Optic Connectivity market.

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The global fiber optic connectivity market is booming thanks to several key factors. These include:

Explosive Demand for High-Speed Data Transfer: In an era where data has become the lifeblood of industries, the relentless demand for high-speed data transfer solutions has propelled the fiber optic connectivity market to new heights. The ability to transmit colossal volumes of data at lightning-fast speeds has rendered fiber optics indispensable in sectors ranging from telecommunications to healthcare and beyond.
Unparalleled Bandwidth and Reliability: Fiber optic networks offer unmatched bandwidth capabilities and reliability, surpassing traditional copper-based alternatives. This superiority in performance has made them the preferred choice for businesses and governments alike, seeking to meet the surging demands of a digitally-driven world.
5G Proliferation: The deployment of 5G networks worldwide has sparked an unprecedented need for robust and high-capacity connectivity infrastructure. Fiber optics are at the forefront of enabling the 5G revolution, delivering the low latency and high bandwidth essential for supporting the next generation of wireless communication.
Rising Cloud Adoption: As cloud computing continues its ascent, the requirement for secure, low-latency data transmission has never been greater. Fiber optic connectivity ensures seamless cloud integration, allowing enterprises to harness the full potential of cloud-based services and applications.

While there’s exciting growth happening, we need to address some important challenges:

High Initial Installation Costs: The implementation of fiber optic networks requires substantial initial investments in infrastructure and equipment. While the long-term benefits are indisputable, these upfront costs can pose a barrier for smaller enterprises and regions with limited financial resources.
Complex Installation and Maintenance: Fiber optic networks demand specialized skills for installation and maintenance, which can lead to operational complexities and increased costs. Ensuring a skilled workforce is readily available is crucial for sustained growth.
Competition from Alternative Technologies: While fiber optics stand out as a dominant force, they face competition from emerging technologies such as 5G wireless networks and satellite-based connectivity solutions. These alternatives present viable options for certain applications, posing a challenge to the fiber optic market’s continued expansion.

Key Takeaways from the Fiber Optic Connectivity Market Report:

Global Fiber Optic Connectivity Market was valued at US$ 2.8 Billion by 2022-end
The US to account for the highest value share of US$ 1 Billion of global market demand for Fiber Optic Connectivity Market in 2032
From 2015 to 2021, the Fiber Optic Connectivity demand expanded at a CAGR of 10.1%
By Component, Hardware constitutes the bulk of Fiber Optic Connectivity with a CAGR of 9.4%.

Leading Key Players:

Adtell Integration
Adtran Inc.
Broadcom
Cisco Systems Inc.
Corning Incorporated
Fiber Optic Services (FOS)
Finisar Corporation
Fujitsu Optical Components Ltd.
Hamamatsu Photonics K.K.
Huawei Technologies Co.
HUBER+SUHNER AG
Infinera Corporation
OptiLayer GmbH
Optiwave Systems, Inc.
ZTE Corporation

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Fiber Optic Connectivity Market Segmentation:

By Component:

Hardware
Software
Services

By Industry:

Mining
Oil & Gas
Wind Power
Electric Substations
Smart Cities

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Aquarium Decor Market Phenomenal Growth Trajectory Towards US$ 4,313.6 Million by 2033 | FMI

The aquarium decor market is expected to grow significantly in the coming years, reaching US$ 4,313.6 million by 2033 from US$ 2,648.2 million in 2023. During this forecast period, the market is likely to exhibit ca CAGR of 5.0%.

The social media boom has really helped growth of the aquarium decor industry. In light of social media platforms, individuals are now capable to order different products and have them delivered at their houses. More factors which make this market attractive are of wide varieties of products that can be vividly found on social media.

The aquarium accessory platform, however is not straightforward. The latter is a formidable challenge especially when competing against other players in the market-many of whom are capable of selling their products close to zero. The price competition serves as a limitation in aquarium decor market.

Customer preferences in the aquarium decor industry have shifted dynamically over time. This evolution is driven by customers seeking diverse aquarium decor products available at more affordable prices. In response to this demand, companies are actively engaged in the development of novel products. They now employ various materials and technologies that align with the specific needs of customers. This adaptability allows companies to cater to the evolving tastes of their clientele.

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Market Opportunities

The aquarium decor market is projected to experience a notable growth trajectory during the forecast period, characterized by a CAGR of 5.0%. This consistent expansion signifies a range of promising opportunities that await businesses operating within this sector. The market’s upward trend is fueled by a rising consumer base, with a growing awareness of the significance of creating a stimulating and enriching environment for aquatic life.

As people become more attuned to the welfare of their fish, there is a noticeable uptick in sales within the aquarium decor industry. This trend underlines a positive trajectory for the market’s growth through 2033.

The market is also expected to grow rapidly in online markets of aquarium decor products. The ever-expanding presence of social media further amplifies this growth by providing a conducive environment for the aquarium decor industry to thrive.

Key Takeaways

The aquarium decor market size is expected to reach US$ 4,313.6 by 2033.
In 2022, the United States held a prominent position in the global market, with a leading market share of 5.5%. This can be attributed to a robust community of aquarium hobbyists and a diverse range of products catering to their needs.
China stands as the second leading market, poised for substantial growth with a projected CAGR of 6.0% until 2033. This growth is propelled by increasing disposable income among consumers and the growing popularity of aquariums as a hobby.
Japan also embraces the third position in the market rankings, capturing a notable 4.6% share of the global market in 2022, propelled by the surging interest in aquariums among younger consumers.
Germany held a solid 3.0% share of the global market in 2022, driven by high disposable income and a robust network of aquarium retailers.

Competitors Winning Strategies

Competitors in the aquarium decor market are excelling by prioritizing customer service, a pivotal aspect of this industry. By effectively resolving customer issues, companies foster strong customer relationships. They are using social media to make promotions; with this, they can interact with their customers and get feedback on their products.

Competitors are striving to offer budget-friendly options in the aquarium decor product range. Additionally, they are concentrating on innovation, consistently introducing new aquarium decor products to cater to customer preferences for novelty.

Aqua Design Amano, Aqueon, Azoo Bio, Guangdong Boyu Group, Interpet, Qian Hu, Rolf C. Hagen, Spectrum Brands, and Tropical Marine Centre are some of the leading competitors in the aquarium decor market.

Recent Developments

Aquarium Co-Op: This business has developed different ranges of aquarium decor from natural elements, such as driftwood, pebbles, and plants.
Fluval: This company has introduced multiple new lines of aquarium decorations to foster beneficial bacteria growth.
Oase: The company has lately introduced a new range of aquarium decor meant to give hiding spots for fish.
CaribSea: This company has introduced a diverse range of aquarium decorations to offer various textures for fish to explore.

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Market by Category

By Product type:

Plants
Toys
Ornaments
Statues
Others

By material:

Clay
Ceramic
Plastic
Coral
Stones
Resin
Others

By Price Range:

Low
Medium
Premium

By Sales Channel:

E-commerce Websites
Company Owned Websites
Hypermarkets and Supermarkets
Specialty Stores
Other Retail Stores

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

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Out of Band Authentication Market Targets US$ 4.3 Billion by 2032 with 13.2% CAGR

The global out of band authentication market is estimated to garner US$ 4.3 Billion while exhibiting a 13.2% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1.2 Billion in 2022.

The rising need for frictionless out of band authentication solutions among organizations and stringent data protection regulations for information security is the main driver of the market. Also, the growing instances of authentication-related frauds and data breaches increase the growth of the band authentication market.

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The increasing use of cloud-based technology such as artificial intelligence, big data, and blockchain in many enterprises impelled the growth of the market. Also, the increasing adoption of digital payment modes increases the demand of the market in forecasting years which is often used in financial institutions and other organizations with high-security requirements. The services segment is likely to offer remunerative opportunities for the global out of band authentication market.

Key Takeaways From The Out of Band Authentication Market Report:

By component, the solutions segment is expected to record a 12.4% CAGR by 2032
By organization size, the SME segment is to expand at a 12.4% growth rate during the forecast period
The U.S market to garner US$ 1.5Billion and record a 13.1% CAGR from 2022–2032
Market in China to procure US$ 300.1 Million, expanding at a 12.5% growth rate during the assessment period

Competitive Landscape:
Key players in the global out of band authentication market include Gemalto, CA Technologies, Symantec, Ping Identity, and RSA Security 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 June 2022 — Thales Technologies signed a contract with Samsung through which it will provide next-generation single-chip solutions embedded in Samsung’s latest flagship smartphone. Its secure solution enables connectivity and contactless services in Samsung’s Galaxy S20 series. The single-chip combines an embedded secure element (eSE) and an embedded SIM (eSIM) that enables high-performance contactless services and a fully digitalized mobile connectivity experience for highly compact smartphones, smartwatches, and tablets.
In May 2022 — OneSpan, one of the global leaders in securing remote banking transactions, announced that leading Turkish bank, DenizBank, is using OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartõm.

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Out of Band Authentication Market Segmentation:

By Component:

Solutions
- Hardware Solutions
- Software Solutions
in Services
- Professional Services
- Managed Services

By Authentication Channel:

via SMS
via Email
via Push Notification
via Voice
Token-based
Other Channels

By Deployment Type:

Cloud-based
On-Premises based

By Organisation Size:

for SMEs
for Large Enterprises

By Vertical:

in Banking
in financial services and Insurance
in Government and Defence
in Retail
in Healthcare
in IT and Telecom
in Energy and Utilities
in Other Verticals (Manufacturing, Travel and Hospitality, Education, and Media & Entertainment)

By Region:

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

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Industrial IoT Market: Forecasting a Robust 12.1% CAGR, Targeting US$ 1,392,133.7 Million by 2033

The industrial IoT market is expected to grow significantly, with a notable 12.1% annual growth rate. By the year 2033, it is projected to reach a substantial value of US$ 1,392,133.7 million. This indicates a promising future for IIoT technologies in various industries.

Technological developments in semiconductor and electronic devices, growing usage of cloud computing platforms, standardization of IPv6, and backing from governments of various nations for IIoT R&D efforts are all driving the industrial IoT market forward.

The Industrial IoT Market is predicted to grow at a rapid pace over the forecast period, thanks to advances in technology and the increasing availability of affordable sensors and processors that can provide real-time access to information.

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The industrial IoT market is expected to grow due to the growing requirement to improve operational competence and excellent collaboration among major market participants to achieve the same. Furthermore, the techniques being developed to create a united digital-human workforce are projected to provide significant prospects for industrial IoT market share growth.

Artificial intelligence and the Internet of things are gaining traction in the industrial industry, propelling the market ahead. The breakout of the COVID-19 pandemic in 2020 put the industrial sector to the test. As a result, the usage of AI and IoT in the production industry has accelerated. In the absence of a regular crew in manufacturing plants, activities such as condition monitoring and repair and maintenance were carried out with the help of AI and machine learning (ML) algorithms.

Key Takeaways from the Industrial IoT Market Report:

The United States garnered 16.3% shares in the global market.
From 2021 to 2028, the logistics and transportation segment is expected to grow at a CAGR of more than 26%. The considerable emphasis that logistics and transportation businesses are placing on improving asset management and, as a result, on the implementation of smart transportation can be linked to the rise.
The manufacturing segment of the industrial IoT market is expected to rise at a CAGR of 11.1% throughout the forecast period.
In 2021, networking technology held the biggest industrial IoT market share. The backbone of the IIoT is networking technology, particularly wireless technology.
In terms of value, APAC is expected to have the greatest share of the market in 2021. Asia Pacific has become a global focus point for large investments and corporate growth, and it is a major hub for industrial manufacturing.

Major Key Players in the Global Market:

IBM Corporation
Intel Corporation
Schneider Electric SE
General Electric Company
Emerson Electric

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Recent Developments in the Industrial IoT Market:

In February 2022, Lantronix unveiled its G520 Series Smart cellular IoT devices and services, which are application-specific industrial IoT solutions that solve issues in the Industry 4.0, Security, and Transport segments.
In June 2021, seven new solutions were introduced by Qualcomm Technologies as part of an expansion of its support for the IoT ecosystem. These solutions include Qualcomm QCS8250, Qualcomm QCS6490/ QCM6490, Qualcomm QCS4290/ QCM4290, and Qualcomm QCS2290/ QCM2290.
Intel, in collaboration with John Deere, introduced AI technology to help fix an expensive, long-standing problem in the production welding process in April 2021. In its manufacturing facilities, Deere is testing a system that employs computer vision to automatically recognize frequent errors in the automated welding process.
In February 2021, Cisco and Newark, an Avnet Company, established a partnership to provide clients in North America with industrial IoT network solutions for tough and non-carpeted environments.
Plataine announced a partnership with SAP in March 2021 to integrate industrial IoT and AI-based tools for digital manufacturing into its business offering. Plataine’s cloud-based IIoT and AI-based digital manufacturing software are now accessible on SAP Store. This merged with SAP App Center to create a unified digital store for SAP and partner offerings.

Industrial IoT Market Segmentation:

By Components:

Hardware
Software
Services

By End Use:

Aviation
Transportation
Oil & Gas
Power Generation & Utility
Manufacturing
Healthcare
Others

By Region:

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

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Fixed Asset Management Software Market Sees Explosive Growth, Projected to Reach US$ 11.4 Billion by 2032

The worldwide expected size for fixed asset management Software market was US$ 3.8 billion in 2021 and US$ 4.2 billion in 2022. The market is anticipated to grow at a CAGR of 10.6% from 2022 to 2032, when it will reach US$ 11.4 billion. The market is anticipated to be significantly impacted by the rapid adoption of IoT-based services across numerous industries, including manufacturing, oil & gas, energy, electricity, and construction, over the projected period.

With the emergence of industry 4.0 in the manufacturing sector, various plants have adopted digital technologies to enhance the manufacturing processes, thereby, propelling the industry in the forecast period. Besides, technological development across several sectors like cloud computing, AI, and others is expected to benefit the fixed asset management software market in the forecast period.

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For instance, in September 2019, Adapt IT disclosed a partnership with i-Chain, a South Africa-based fixed asset management services, and solutions company to provide a Web-based system offering easy access to a cloud-based environment, designed especially for educational institutions to assist them in managing their assets.

Key Takeaways from the Market Study:

The global fixed asset management market is estimated at USD 3.8 Bn in 2021
The global fixed asset management market to expand at 10.6% during the forecast period
The U.S market to secure USD 4 Bn and expand at 10.4% from 2022-to 2032
The market in China to procure USD 794 Mn while recording a 9.9% CAGR
The on-premises segment to expand at 10.2% CAGR
The Manufacturing segment to record a 10.4% growth rate

Competitive Analysis:

Key participants of the global fixed asset management software market include IBM, Infor, SAP, Microsoft, and Oracle, among others.

Recent key developments among players are:

In March 2021, Sage, a cloud-business solutions provider acquired Task Sheriff, an artificial-based SaaS. The acquisition is focused on strengthening its AI technology and Task Sheriff founders would join Sage AI Labs. It is a global team of engineers, data scientists, and product managers, located in Melbourne, Barcelona, San Francisco, and Tel Aviv.
In April 2019, Infor signed an agreement with First Bus. Infor agreed to strengthen asset management for First Bus. First Bus is a transport operator in North America and the U.K.

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Fixed Asset Management Software Market Segmentation:

By Component:

Software
Services

By Deployment Type:

Cloud
On-Premises

By Organization Size:

Large Enterprises
SMEs

By Vertical:

Energy and Utilities
Manufacturing
IT, Telecom, and Media
Transportation and Logistics
Healthcare and Life Sciences
Other Verticals

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Ceramic Textile Market Poised for Strong Growth at 10.3% CAGR by 2034

The ceramic textile market is expected to be valued at US$ 179.1 million in 2024. The market is expected to rise at a CAGR of 10.3% from 2024 to 2034. The market is projected to reach a value of US$ 477 million by 2034.

The ceramic textile market is experiencing a significant increase in demand due to several factors. The excellent thermal insulation properties of ceramic textiles can withstand extremely high temperatures, making them ideal for use in industries such as aerospace, automotive, and energy. They are used as insulation materials in engines, turbines, exhaust systems, and other high-temperature applications.

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The lightweight and flexible nature of the ceramic textiles can be easily molded to fit a variety of shapes and sizes. Additionally, they are highly durable and resistant to wear and tear, making them ideal for use in harsh environments.

The increasing demand for energy-efficient solutions. As more industries look for ways to reduce their energy consumption and greenhouse gas emissions, they are adopting materials like ceramic textiles to help them achieve their goals. These materials offer excellent thermal insulation properties, which can help reduce energy consumption by minimizing the amount of heat lost through walls, pipes, and other surfaces.

Advancements in manufacturing technology also contribute to the growth of the ceramic textile market. Manufacturers are now able to produce ceramic textiles in larger quantities and at lower costs than ever before, making them more accessible to a wider range of industries and applications.

“The demand for high temperature-resistant materials in various industries is increasing, which is expected to fuel the growth of the ceramic textile market over the coming years. With the ability to serve a wide range of industries and applications, ceramic textile manufacturers can tap into vast market opportunities,” – says FMI analyst.

Key Takeaways from the Ceramic Textile Market

The ceramic textile market is estimated to register a CAGR of 10.3% and reach a valuation of US$ 477 million by 2034.
The vitreous alumina-silica is anticipated to dominate the global market by registering a 10.2% CAGR from 2024 to 2034.
The cloth segment is expected to rise at a 10.1% CAGR from 2024 to 2034.

Competitive Landscape

There are various companies operating in the ceramic textile market, providing a wide range of products for different purposes like insulation, filtration, and fire protection. Each player in this market has its own strengths and weaknesses and employs unique strategies to remain competitive. To stay ahead of the competition, companies must continuously innovate and improve their products.

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Key Market Players

Ibiden
Kyocera Corporation
Isolite Insulating Products Co., Ltd.
Morgan Advanced Materials Corporation
Unifrax
Zircar Zirconia, Inc.
Luyang Energy-Saving Materials Co., Ltd.
Rath Group
Rauschert GmbH
3M
Mineral Seal Corporation
RAK Ceramics

Key Market Segmentations

By Type:

Vitreous Alumina-Silica
Polycrystalline Ceramic Fiber

By Form:

Cloth
Ropes
Tapes
Sleeves
Braids

By Process:

Pressing
Extrusion
Injection Molding
Others

By End Use:

Transportation
Petrochemicals
Iron and Steel
Aluminum
Power
Industrial

By Region:

North America
Latin America
East Asia
South Asia
Europe
Oceania
MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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.
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Fiber Optic Collimating Lens Market: Projected Surge with an 11.6% CAGR, Aiming for US$ 2,394.5 Million by 2033

The fiber optic collimating lens market is on a remarkable growth trajectory, with projections indicating it will exceed a valuation of US$2,394.5 million by the year 2033. This impressive ascent is driven by a robust CAGR of 11.6%.

The growing need for fast internet is expected to stimulate the demand for internet connections. This is likely to strengthen the demand for an upgraded internet system, which includes things like cables, connectors, fiber optics, and other essential components.

The logistics and manufacturing sectors are likely to be benefitted from fiber optics owing to their operations and services, which are dependent on high-speed bandwidth. The sector demands heavy data for purposes such as several products manufactured, and raw materials received, among others.

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The market in North America is expected to secure a lion’s share during the forecast period. According to FMI’s analysis, the market in the United States is expected to secure US$ 660.1 million while recording a CAGR of 11.3% from 2023 to 2033. In 2022, the United States captured a 15.6% share of the global market.

Players in the market adopt various strategies to secure a forefront position in the market. Key players in the global fiber optic collimating lens market include IPG Photonics Corporation, AMS Technologies, Fabrinet, Coherent, Thorlabs, and others. The key players emphasize technological developments, new product launches, mergers, acquisitions, and other strategies to maximize their growth in the global market.

Key Takeaways from the Fiber Optic Collimating Lens Market Report:

The global fiber collimating lens market is estimated at USD 2.1 Bn expanding at a CAGR of 11.8% from 2022 to 2032
The global fiber collimating lens market to value USD 677.4 Mn in 2022
The Single Mode Segment to expand at 10.5% during the forecast period
The Fixed Segment to record 10.5% from 2022 to 2032
The U.S market to value USD 660 Mn, expanding at 11.1% during the assessment period
Market in China to Value USD 151.9 Mn exhibiting a 10.9% growth rate

Recent Developments Observed by FMI:

In August 2021, SABIC launched a new PEI resin that is suited for optical transceiver collimator lenses and ensures alignment with single-mode fibers. SABIC is promoting the use of single-mode fiber optic, a developing data center infrastructure technology enabling swift transmission of substantial amounts of data across great distances.
In April 2021, Thorlabs released a new passively Q-Switched laser producing 500 PS pulses centered at 1030 nm. The microjoule-level pulse energies produced at kHz repetition rates enable multiple applications, LIDAR, laser-induced breakdown spectroscope, and material processing.

Key Players in the Global Market:

IPG Photonics Corporation
AMS Technologies
Fabrinet
Coherent
Thorlabs

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Fiber Optic Collimating Lens Market Segmentation:

By Type:

Adjustable
Fixed

By Mode:

Single Mode
Multi-mode

By Wavelength:

<1000 NM
1000 to 1500 NM
1500 to 2000 NM
>2000 NM

By Application:

Communication
Medical Diagnostic & Imaging
Lasers and Detectors
Metrology
Spectroscopy and Microscopy
Other Applications

By Lens Type:

Aspheric
GRIN
Other

By Region:

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

Author By:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani

Enterprise VSAT Systems Market Gears Up for Substantial Growth, Aiming for US$ 7.4 Billion by 2033

The global enterprise VSAT systems market reached a value of US$ 4.9 billion in 2023. Over the next decade, from 2023 to 2033, it is anticipated to grow steadily at a rate of 4.5%. By 2033, this market is expected to reach a value of US$ 7.4 billion.

Increased adoption of VSAT systems in the maritime industry is a key factor that is anticipated to accelerate market growth during the forecast period. Other factors such as demand for a broadband data connection from business and government sectors are expected to augment the market size of the enterprise VSAT systems in the future.

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Enterprise VSAT Systems are commonly installed on ships to provide fast broadband connectivity for both personal contact and business operations, which is a factor that is driving the market growth. VSAT is used in video conferencing and ERP in industry-related activities and it is used in streaming, video messaging, and email in personal communications, which is another factor the drives the market growth during the analysis period.

Moreover, Enterprise VSAT is also used in surveillance applications to support security forces in maritime operations that require compact, lightweight, and small equipment, as well as to protect coastal areas which drive the Enterprise VSAT System Market.

Businesses are rapidly implementing enterprise VSAT technology innovations due to increased competitiveness, which can help them improve their product and service delivery and hence drive the growth of the market. Furthermore, the growing number of space exploration missions, increasing interest in satellite-assisted warfare, increased deployment of small satellites, and cost-effective satellite launch operations are all expected to drive the Enterprise VSAT System Market size in the future.

Key Takeaways from the Enterprise VSAT Systems Market Report:

Global Enterprise VSAT Systems Market was valued at US$ 4.7 Bn by 2022-end
The US to account for the highest value share of US$ 1.9 Bn of global market demand for Enterprise VSAT Systems Market in 2032
From 2015 to 2021, the Enterprise VSAT System demand expanded at a CAGR of 4.7%
By Component, Hardware constitutes the bulk of Enterprise VSAT Systems with a CAGR of 3.8%.

Leading Key Players:

GILAT SATELLITE NETWORKS
Comtech Telecommunications Corp.
Cambium Networks, Ltd.
Telefónica, S.A.
Embratel
Ultra Electronics
Hughes Network Systems, LLC
Airtel India
Nelco

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Recent Developments:

In March 2022, Hughes Network Systems, LLC (HUGHES) demonstrated two new technologies at the SATELLITE 2022 trade show in Washington, D.C. Hughes showcased new technology that seamlessly integrates Geostationary (GEO) satellite and LTE transports into a single, reliable, low-latency broadband internet connection for consumers. Hughes then revealed its new technology for electronically steerable, flat-panel antennas, including a prototype for delivering OneWeb Low Earth Orbit (LEO) connectivity services.
In February 2022, Gilat Satellite Networks Ltd., a worldwide leader in satellite networking technology, solutions, and services, expanded its strategic partnership with SES. SES had selected Gilat’s SkyEdge IV platform to operate with its SES-17 satellite, a very high throughput satellite (VHTS) to provide fixed services and mobility services.
In January 2022, KVH Industries announced that ScanReach, an innovator in onboard wireless connectivity solutions designed specifically for the steel vessel environment. It had joined the KVH Watch Solution Partner program to offer KVH Watch Cloud Connect services. ScanReach’s breakthrough onboard wireless connectivity technology enables data to travel anywhere on the vessel without cabling. Combined with KVH Watch Cloud Connect, the data may travel to the cloud for useful data analysis to improve vessel performance.

Enterprise VSAT Systems Market Segmentation:

By Component:

Enterprise VSAT Hardware Systems
- Antennas
- Modems
- Others
Enterprise VSAT Services

By Type:

Dedicated Bandwidth VSAT Systems
Shared Bandwidth VSAT Systems

By Enterprise Size:

SMEs
Large Enterprises

By End-use Industry:

Industrial Enterprise VSAT Systems
Enterprise-based Enterprise VSAT Systems

By Region:

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

About Future Market Insights (FMI):

Contact Us:

Nandini Singh Sawlani