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Over the projection period, the identity & Access Management demand Market is anticipated to grow at a CAGR of 13.1%, with market valuations set to reach US$ 14.4 billion in 2023 and US$ 49.3 billion by the end of 2033. In the coming years, the identity and access management industry is anticipated to experience spectacular expansion. Identity & access management market growth is primarily being driven by the need for effective and efficient IT security measures due to the prevalence of cybercrime’s rapid rise.

Public Domain, IT & Telecom, and Finance & Insurance – Key End-Use Industries

Likely, operators in the public sector, the finance and insurance sectors, and the IT and telecom sectors will continue to account for significant revenue shares in the global market for identity and access management shortly, even though several business verticals have been focused on heavy investments in physical identity management.

According to the survey, public administration, financial, insurance, and IT and telecom companies account for nearly 60% of the global market value. The media and healthcare sectors are expected to be the next very attractive end-use markets for IAM service and solution providers.

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Approximately 60% of Demand Is Generated by Large Enterprises

The demand for identity and access management solutions will continue to be larger than that for identity and access management services because, as recently stated, there is an increasing desire for next-generation security solutions. According to a survey by FMI, a variety of identity and access management systems currently account for more than 60% of the market’s overall value.

Directory management and access security will continue to be in high demand among consumers out of multi-factor authentication, single sign-on, and other options.

Currently, more than 55% of all identity and access management (IAM) solutions deployed globally are on-premises. Additionally, the FMI analysis predicted a significant additional opportunity for cloud-based IAM at over US$ 17 billion between 2022 and 2028. On the other hand, it is predicted that over the future years, the cloud-based deployment of identity and access management would experience average annual growth of over 10%.

The demand for dependable identity and access management services and solutions is expanding along with the relentlessly rising pace of adoption of next-generation technologies at businesses, such as AI, machine learning, and advanced biometric technologies. According to the analysis done by FMI, a sizable percentage of businesses are using identity and access management.

The report has emphasized the strong development in the market value share of SMEs, even while large companies continue to make up a sizeable portion of the overall demand produced for identity and access management, accounting for about 60% of it.

Key Providers to Strategize on Integration of Next-gen Technologies

The regional evaluation of the identity and access management market reveals that North America will remain dominant in the long run owing to a rapidly strengthening base of next-generation technological advancements. China, however, on the other side, has recently earned the title of one of the world’s most connected countries. According to FMI’s analysis, China’s identity and access management market is an important investment pocket for IAM services and solutions providers.

Europe will also be one of the target markets for participants in the identity and access management landscape, which the report has attributed to favorable promotional support from European governments to the adoption of advanced security systems.

Some of the key companies competing in the global identity and access management market research report include BeyondTrust, Bomgar (Lieberman Software Corporation), CA Technologies, Core Security, CyberArk, Dell, ForgeRock, Gemalto, Hitachi ID Systems, IBM Corporation, and Microsoft Corporation. The report has covered in-depth strategic profiles of some of the most prominent market players.

A large number of small and medium-sized businesses are exclusively investing in reliable IT security and R&D, which makes SMEs the target area of investment for IAM services and solutions providing companies. Moreover, to cater to the ever-growing demand for improved data security, identity, and access management services and solutions providers are focusing on the integration of machine learning and behavioral analytics capabilities into their IAM offerings.

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Key Segments of Identity & Access Management Industry Survey

Identity & Access Management Market by Component:

• IAM Solutions
• OIAM Services

Identity & Access Management Market by Deployment:

• IAM On-premise
• Cloud-native IAM

Identity & Access Management Market by End User:

• IAM for Small and Medium Enterprises (SMEs)
• IAM for Large Enterprises

Identity & Access Management Market by Vertical:

• Finance and Insurance
• Information (Telecom and IT)
• Public Administration
• Scientific and Technical Services
• Health Care and Social Assistance
• Transportation and Warehousing
• Media and Entertainment
• Manufacturing

Identity & Access Management Market by Region:

• North America Identity & Access Management Market
• Latin America Identity & Access Management Market
• Europe Identity & Access Management Market
• East Asia Identity & Access Management Market
• South Asia & Pacific Identity & Access Management Market
• Middle East & Africa (MEA) Identity & Access Management Market

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The worldwide greenwrap market is anticipated to reach US$ 2.7 billion in market value in 2023 and is anticipated to reach US$ 6.2 billion by displaying a CAGR of 8.6% from 2023 to 2033. From 2018 to 2022, the greenwrap market experienced growth at a compound annual growth rate of 6.4%.

Green wrap sales are predicted to increase by 6% globally in 2021, with a significant rise in sales. While FMI still forecasts a minor increase in the green wrap industry, the total five-year compound annual growth rate (CAGR) remains positive at 7%.

Key Trends and Growth Indicators for the Greenwrap Market

• Many businesses use green wraps to wrap delicate items that need a strong layer of support to prevent them from coming into direct contact with other items.
• One of the main factors driving the market expansion is the soaring demand for safety packaging wraps from a variety of end-users, including chemical, food & beverage, electronics, and automotive around the globe.
• The need for green wraps is being driven by the necessity for protective packaging for sensitive items including glass, ceramics, and other brittle electronic gadgets. Utilizing these wraps as a packing solution offers more cushioning for the transportation of delicate items, supporting market expansion.
• Sales of the products are being further boosted by growing environmental awareness. raising consumer awareness of the negative effects of plastic use

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Green wrap Market: An Overview

Green wrap is a type of wrap packaging that is biodegradable and is majorly used to protect various delicate and fragile items such as electronic devices, glass products, ceramics, pharmaceutical products, and many others.

Traditionally the wrapping packaging is made up of plastic instead recently manufacturers are switching for green wrap which is biodegradable that is made up of recycled paper, paperboard or 100% compostable material. The packaging material is mostly preferred to safeguard any product that needs protecting. Greenwrap is the most preferred alternative because of its biodegradable nature, cushion effect and its transparency.

Manufacturers invest a lot of money in ensuring the safety of the product while transportation and storage. Innovative packaging is promoting biodegradable solutions with various materials that will benefit the manufacturer and the environment. The demand for greenwrap is driven by the significant growth of the e-commerce industry, electronics industry, food & beverage industry and pharmaceutical industry.

Considering the notable developments in the greenwrap market, Fastpack packaging company introduced a green packaging solution that is 100% biodegradable and recyclable. Greenwrap named “die-cut honeycomb packing paper cushioning rolls” was designed by the company to provide protective packaging to the retailers which would provide safety and also be environment friendly.

What drives the growth of the Greenwrap Market?

The green wrap market is gaining traction in the e-commerce sector with the massive change in the lifestyle of the consumers which makes the consumers put a lot of effort to choose a protective, cost-effective, yet eco-friendly packaging that is beneficial to the manufacturers, and the environment.

Just like plastic bubble wrap, green wraps also provide the same level of protection, and for the manufacturers the easy availability of the raw materials such as paper, cornstarch, and others at a very low-cost act as an added advantage. Usage of green wraps produces lesser greenhouse gas emissions.

Also, biodegradable materials like cornstarch wrap, and composite wraps degrade faster than other conventional wrap packaging. The demand for protective and quality packaging is expected to reduce the risk of damage of non-food products, and contamination of food items till it reaches the consumer or the end-user.

Packaging is a vital aspect in the success of export of any product where greenwrap can be used extensively. When it comes to transportation and storage of fragile items they need to be preserved and protected till it reaches its destination safely.

What Restraints the Growth of the Greenwrap Market?

Considering the difficulty for the green wrap market to replace the usual wrap packaging as there are many applications where plastic wrap packaging is more suitable to use, this might hamper the growth of the green wrap market. Consumers and retailers usually still prefer the usage of plastic as it has substantially more shelf life than green wraps which tend to expire soon and cannot be reused after a certain period.

Many developing countries still do not have the precise technologically advanced equipment to recycle or manufacture green wrap which might hamper the growth of the demand for a green wrap in the market.

Competitive Landscape

Key Global Players of the Greenwrap Market are:

• Sealed Air Corporation
• IVEX Protective Packaging Inc
• Smurfit Kappa
• Pregis Corporation
• Barton Jones Packaging Ltd.
• Fastpack Packaging
• Cortec Corporation
• Eco Packaging International Company
• Dana Poly Inc.

Key players in the Asia Pacific region of the Greenwrap Market are:

• Green Pulp Paper Industry Sdn.Bhd
• Bubble Pack
• S R Bioplastic
• RBP Solutions Pvt Ltd
• Biogreen Biotech Pvt Ltd

How Has Covid-19 Impacted The Growth Of The Greenwrap Market?

Greenwrap packaging is not specifically used in the packaging of electronic goods or consumer good but also used for pharmaceuticals, food & beverage and e-commerce. Biodegradable packaging has recently got the hype in the market which is highly preferred by the consumers as an alternative to a non-healthy lifestyle that is being chosen in the current times.

During the Covid 19 pandemic, medicines, food and beverage were the essential items in use that had to be transported at most safety to avoid any losses. The continuous online purchases of every item right from groceries to non-essential to medicines and the adoption of the green approach by various industries has led to significant growth in the green wrap market.

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Key Segments of the Greenwrap Market Covered in the Report

Based on the Product Type, the Greenwrap Market has been segmented as

• High-Grade Bubble Wraps
• Temperature Controlled Bubble Wraps
• Others

Based on End-use, the Greenwrap Market has been segmented as

• Automotive
• Pharmaceutical
• Household & Personal Care
• E-Commerce
• Food & beverage
• Others

Based on Region, the Green wrap Market has been segmented as

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

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The market value of US$ 2.01 billion in 2023 and US$ 7.99 billion in 2033, the worldwide supercapacitor market share is anticipated to grow at a CAGR of 14.8 percent. During the projected period, the market is anticipated to profit from the rise in demand for a reliable power source for products including laptops, mobile devices, and portable media players.

The largest end-use markets for supercapacitors are solar and wind power facilities. In order to power microgrids for the production of renewable energy, these capacitors are mostly employed. Supercapacitors may be employed as trustworthy energy storage solutions in solar photovoltaic panels and solar lights, among other applications. As the global use of wind energy for renewable energy sources increases, supercapacitors are emerging as a key technology for big wind turbine pitch control applications.

Furthermore, market participants are releasing modernized items that are expected to grow the sector in the ensuing years. An updated 3-volt ultracapacitor platform for wind turbines, for instance, was introduced by Maxwell in 2019. Users may increase energy and power in the same form factor as the 2.7-volt product line thanks to the advent of these next-generation ultracapacitors and can save costs by employing fewer ultracapacitor cells or modules in their system designs. These factors will likely cause the market for supercapacitors to grow significantly throughout the projected period.

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In the projected period, it is probable that rising electric vehicle usage and the implementation of strict government regulations to reduce carbon emissions would balance out the market’s inhibitors and support market expansion. In terms of region, North America is anticipated to rule the global market during the projection. During the predicted period, the region is expected to display a 12% CAGR.

The International Renewable Energy Agency (IRENA) reported in March 2020 that the United States had installed 29 gigawatts of renewable energy in the same year, an increase of 80% over 2019. This included 115 gigawatts of solar energy and roughly 14 gigawatts of wind energy.

Key Takeaways from the Market

• The global supercapacitors market is expected to secure US$ 1.75 Billion in 2022.
• The automotive segment in the global supercapacitors market is projected to display a growth rate of 7% during the forecast period
• In APAC, the supercapacitors market is projected to exhibit a CAGR of 5% by 2032
• The supercapacitors market in North America is anticipated to display a CAGR of 12% during the forecast period.

Competition Analysis

Key players in the global supercapacitors market include Maxwell Technologies, KEMET Corporation, CAP-XX, Eaton, AVX Corporation, Murata Manufacturing Co. Ltd., Nippon Chemi-Con, Blue Solutions, Panasonic Corporation, LOXUS Inc., LS Mtron, FastCAP Ultracapacitors Corporation, Tecate Group, and VINATech Co. Ltd.

Recent Developments in the Industry Include:

• In February 2022, CAP-XX inked an agreement with Continental Automotive GmbH, a Tier 1 automotive supplier, to offer CAP-XX DMT220 prismatic super caps for one of Continental’s key automotive programs.
• In July 2021, Tesla sold the supercapacitor business and the Maxwell Technology brand after two years. Tesla acquired Maxwell Technology in 2019. Tesla sold Maxwell to UCAP Power, Inc, which is based in San Diego, California.  The parties have agreed not to disclose the purchase price.

More Valuable Insights

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

The study reveals essential insights on the basis of type (Electrical Double Layer Capacitors, Pseudo-capacitors, Hybrid Capacitors), Application (Consumer Electronic Devices, Automobiles, Grid Stabilization, Trains, Locomotive Systems (Cranes and Elevators), Aircraft, Others), End Use (Automotive and Transportation, Industrial, Electronics, Energy and Power, Military and Defense, Aerospace and Aviation, Others), & Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

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Supercapacitors Market Key Segments

By Type:

• Electrical Double Layer Capacitors
• Pseudo-capacitors
• Hybrid Capacitors

By Application:

• Consumer Electronic Devices
• Automobiles
• Grid Stabilization
• Trains
• Locomotive Systems (Cranes and Elevators)
• Aircraft
• Others

By End Use:

• Automotive and Transportation
• Industrial
• Electronics
• Energy and Power
• Military and Defense
• Aerospace and Aviation
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Middle East & Africa
• Japan

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 About Future Market Insights, Inc.

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

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The global nutraceutical rigid packaging market is anticipated to reach US$ 4.6 billion in market value in 2023 and is anticipated to reach US$ 8.5 billion by displaying a CAGR of 6.3% from 2023 to 2033. The market for rigid packaging for nutraceuticals saw development of 5.1% CAGR from 2018 to 2022.

The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Nutraceutical Rigid Packaging

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Nutraceutical Rigid Packaging market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Nutraceutical Rigid Packaging Market Takeaways and Projections

• The U.S. is expected to lead the North America Nutraceutical Rigid Packaging market, projecting the fastest growth in the region between 2023 and 2033
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.

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Report Benefits & Key Questions Answered

• Nutraceutical Rigid Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Nutraceutical Rigid Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Nutraceutical Rigid Packaging market for the forecast period 2023-2033.
• Nutraceutical Rigid Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Nutraceutical Rigid Packaging for the assessment period. As per the study, the demand for Nutraceutical Rigid Packaging will grow at a robust CAGR between 2023 and 2033.
• Nutraceutical Rigid Packaging Market Trend Analysis: The latest study by FMI on the Nutraceutical Rigid Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Nutraceutical Rigid Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Key Segments of Nutraceutical Rigid Packaging Market Covered in the Report

Based on the Material Type:

• Glass
• Plastic
  • Polypropylene (PP)
  • High-density polyethylene (HDPE)
  • Low-density polyethylene (LDPE)
  • Other Plastics

Based on the Packaging Type:

• Bottles
• Boxes & Cartons
• Cans

Based on Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• MEA
• Oceania

About Future Market Insights, Inc.

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

Contact:
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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The market for air quality monitoring equipment size is anticipated to grow at a CAGR of 7.3% and reach US$ 6.6 billion in 2023. By 2033, the market might be worth US$ 13.3 billion.

The rising levels of air pollution are now a worry for public health. Globally, the prevalence of lung cancer, cardiovascular disorders, and pulmonary diseases has increased as a result of high levels of air pollution. This has made it necessary to keep strict air quality management measures in place.

Therefore, the government requires that factories and cars implement thorough air quality detection procedures for the sake of the general public. To ensure that government safety regulations are followed, businesses and automotive manufacturers are increasing their investments in high-quality air quality monitoring technology.

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Smart Cities Carve out Lucrative Market Prospects

The world’s major nations are beginning to recognize the importance of building smart cities. A significant amount of money was invested in the nation’s smart city initiatives, including about US$ 0.50 billion in June 2021. High-precision air quality monitoring systems are crucial for smart city initiatives and, as a result, drive innovations from the top companies that boost the market growth.

Market players must launch reasonably priced, user-friendly air quality monitoring product options. Key players are working to create more inexpensive, maintenance-free, and effective product variations since air quality control is quickly becoming a requirement of the modern world.

Key Takeaways from the Report:

• Between 2017 and 2022, the market recorded a CAGR of 6.6, reaching a valuation of US$ 6.1 billion by 2022.
• The United Kingdom market is anticipated to reach a valuation of US$ 603.3 million by 2033, at a CAGR of 10.4%.
• The Indian market is expected to record a CAGR of 14.4% by 2033.
• The indoor air quality monitor segment is expected to register a CAGR of 7.6%, which is the top segment by equipment type.
• The top component segment is air sampling pumps which are likely to register a CAGR of 5.0% during the forecast period.

Key Market Developments:

• Vaisala Oyj, a technology-based company recently launched its innovative product named Mini-sized Humidity and Temperature Probe HMP9. This is specially designed to monitor air quality. The product is optimized for dryers, air-handling units, and test chambers. It also aids in effectively measuring humidity levels.
• In 2021, Ricardo launched a new air quality data analysis and monitoring system. Based in the Middle East Region, the company partnered with Envirozone LLC, for this initiative.
• In 2021, Ball Aerospace & Technologies Corp. announced its contract with  National Oceanic and Atmospheric Administration’s Geostationary. The focus is on developing 3D data interpretation systems for forecasters. This can facilitate pollution management and efficient weather forecasting.

Key Players:

• SKC Ltd.
• Honeywell
• Thermo Fisher Scientific
• Vaisala
• ENVEA group
• TSI Incorporated
• Ecotech
• LumaSense Technologies, Inc.
• Modcon Systems Ltd.
• Testo SE & Co. KGaA
• Aeroqual Limited
• PCE Instruments
• Opsis AB
• Oizom Instruments Pvt. Ltd.
• Airthinx

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Air Quality Monitoring Equipment Outlook by Category

By Component:

• Air Sampling Pumps
• Sorbent Tubes
• Filters & Membranes
• Sample Bags
• Other Accessories

By Equipment Type:

• Indoor Air Quality Monitors
  • Fixed Indoor Air Quality Monitors
  • Portable Indoor Air Quality Monitors
• Outdoor Air Quality Monitors
  • Fixed Outdoor Air Quality Monitors
  • Portable Outdoor Air Quality Monitors
  • Air Quality Monitoring (AQM) Stations

By End User:

• Residential
• Government Environment Monitoring Agencies
• Commercial
  • Hotels & Restaurants
  • Corporates & Academic Institutions
  • Construction & Real Estate
  • Others
• Industrial
  • Energy & Utilities
  • Pharmaceuticals
  • Petrochemicals
  • Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• GCC Countries
• The Middle East & Africa

About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The estimated sales revenue for the worldwide smart parking Demand market was around US$ 10.7 Billion in 2023, and it is anticipated to increase at a CAGR of 17.8% to reach an estimated value of US$ 54.8 Billion by 2033. Over 70% less money is spent on parking management systems than smart parking.

The rise of the smart parking sector will accelerate due to the continual improvements in parking technology. Some of the factors driving the growth of the smart parking market include the development of fully automated parking systems (APS), an increase in traffic congestion, ongoing advancements in machine-to-machine communication technology, and rising demand for smart parking sensors for parking management.

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Rapid Adoption of Vehicles Creating Need for Smart Parking Solution

The Department of Economic and Social Affairs (DESA) of the United Nations (UN) said that over 55% of the world’s population resides in urban regions as of 2018, and that number is anticipated to rise to 68% by 2050. The number of automobiles on the road has also increased as a result of urbanization.

However, the severe lack of authorized parking spaces in the majority of cities throughout the world has caused numerous critical parking issues for car owners and drivers. The requirement for effective on-street and off-street parking will expand as the number of vehicles rises, creating an infrastructure problem. Thankfully, smart parking technology will enhance customer experiences by providing effective parking services.

Key Takeaways of Smart Parking Market Study

• The market for smart parking is anticipated to grow as more people use smartphones to track open parking spaces and hospitals, universities, and governments employ outsourced parking services more frequently.
• Due to growing smart parking initiatives in the U.S. and Canada, North America dominated the global smart parking market in terms of revenue in 2018.
• As smart parking technologies become more widely used in developing nations like Brazil, China, Chile, India, and Indonesia, the market for parking management platforms is anticipated to grow significantly during the forecast period.

• Due to the rising demand for effective car parking management systems and parking spaces within corporate premises, the demand for smart parking solutions is anticipated to grow at an impressive CAGR throughout the forecast period.

Competitive Landscape

Key providers of smart parking are focusing on adding new innovative capabilities to their current parking solutions. This is helping them to enhance and upgrade their smart parking portfolio.

For instance, In February 2019, the company partnered with AUTOParkit to expand its fully-automated parking garage systems. Under this partnership, the company will provide a full complement of advanced automation hardware, as well as electrification and digital tools.

Some of the key players in the smart parking market are:

• Siemens
• Huawei Technologies Co.
• Delphi Technologies
• Intercomp S.p.A.
• Comarch SA
• Matrix Comsec
• Urbiotica
• Cisco Systems
• Nwave
• BioEnable
• Trafiksol

Smart Parking Market Outlook by Category

By Component :

Hardware

• Sensors
• Cameras
• Parking Meters
• Digital Guidance Signage
• Others

Software

• Parking Management Platforms
• SDK/API

Services

• Consulting
• Integration & Support Services
• Device Management Services

By System Type :

• Guided Park Assist Systems
• Smart Park Assist Systems

By Sensor Technology :

• Ultrasonic Sensors
• RFID
• Image Sensors
• Others

By Application Area :

• Commercial
• Government
• Corporate

By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East & Africa

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About Future Market Insights, Inc.

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

Contact Us:

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

The global Battery Swapping Charging Infrastructure Market Share is expected to surpass an impressive valuation of USD 202.07 million in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 21% from 2023 to 2033.

Infrastructure for EV charging will be more and more in demand for residential and business uses. The market for electric vehicle charging infrastructure is also anticipated to grow over the future decades as a result of improved automakers’ cooperation for charging infrastructure via a monthly subscription.

Reduced battery replacement infrastructure construction costs, decreased EV purchase costs, increased demand for public charging infrastructure, and supportive government subsidies are accelerating market growth.

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Green energy is also anticipated to be a major factor in private and public electric vehicle charging. Owners of electric vehicles worry about carbon dioxide pollution. Makers are rapidly changing the charging mechanisms used in their electric vehicle charging infrastructure to address these issues. This is one of the most significant elements that will affect the development of the worldwide market for electric vehicle charging infrastructure.

During the forecast era, North America is anticipated to have the fastest growth rate. In the upcoming years, it is anticipated that the number of DC charging stations placed in the US will soar. In the US, there will likely be more home charging facilities for electric vehicles.

“Consumer demand to maximize vehicle efficiency and reduce fuel costs has resulted in continuous technological advancements in electric vehicles. Additionally, rising gasoline prices, combined with stringent governmental regulations governing carbon dioxide emissions, are driving the adoption of electric vehicles in developed regions.” says an analyst at Future Market Insights.

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Key Takeaways from Market Study

• The two-wheeler segment dominated the industry in 2021, accounting for more than 30.00% of overall revenue.
• In 2021, the pay-per-use segment dominated the market and held more than 61% of total revenue.
• In 2021, Asia Pacific dominated the global marketplace, accounting for more than 30% of overall revenue.
• Batteries represent roughly 35%-40% of the total EV cost.
• According to the International Energy Agency’s ‘Global EV Outlook 2021,’ the worldwide stock of electric two-wheelers is around 290 million.

Market Competition

Key players in the Battery Swapping Charging Infrastructure market are NIO Inc., Gogoro Inc., Leo Motors Inc., Tesla Inc., SUN Mobility Private Ltd., BYD Co. Ltd., BattSwap Inc., Kwang Yang Motor Co. Ltd. (KYMCO), Panasonic Corp.

• Blink Charging Co. acquired EB Charging, a UK-based electric vehicle charging, and sustainable energy solutions company, in June 2022. The acquisition was made to allow Blink to expand and broaden its portfolio in the UK market by developing nearly 1,150 EV charging points.
• SUN Mobility declared a battery technology partnership with Greaves Electric in May 2022. SUN Mobility and Greaves Electric will utilize the same charging infrastructure to implement swappable batteries for EVs in electric two-wheelers and electric three-wheelers.
• Xpeng Motors entered into a partnership with TELD in October 2019, which operates the biggest charging infrastructure and environment. Xpeng and TELD agreed to share charge and payment data throughout the country as part of the deal.
• Tesla opened a battery swapping station in California in February 2021, prepared to swap out a vehicle’s energy cells for fully charged ones, eliminating the need for EV owners to depend on fast-charging stations.

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More Valuable Insights 

Future Market Insights, in its new offering, presents an unbiased analysis of the global Embolization Coils market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Vehicle, Commercial Vehicle), Service Type (Pay-per-use, Subscription) & Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Key Segments Profiled in the Battery Swapping Charging Infrastructure Market Industry Survey

Vehicle Type Outlook:

• Two-Wheeler
• Three-Wheeler
• Passenger Vehicle
• Commercial Vehicle

Service Type Outlook:

• Pay-per-use
• Subscription

Regional Outlook:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • The Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

About Future Market Insights (FMI) 

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

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