Power Metering Market is expected to reach US$ 36 Billion in 2032

In 2022, it is projected that the market for power metering will be worth US$20.5 billion. However, due to the rapid uptake of power metering equipment across numerous industries, it is anticipated that the market as a whole will grow at a CAGR of roughly 5.8% to 8.3% between 2022 and 2032, reaching a value of about US$ 36 billion by that time.

The power industry now places a high priority on measuring and monitoring power consumption. Different power metering tools are increasingly used in the commercial, residential, and industrial sectors for this purpose.

Energy consumption is measured by power metering devices, which also allow for unidirectional and bidirectional communication between the central system and the metre. These gadgets communicate and read the amount of electricity used over a specific time period.

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The power metering market refers to the market for equipment and solutions used to measure and monitor the consumption of electrical energy. Power metering is an essential component of energy management systems, enabling businesses and consumers to monitor their energy usage and identify opportunities for efficiency improvements and cost savings.

The market for power metering is driven by several factors, including increasing demand for energy efficiency, rising electricity prices, and government regulations mandating the use of energy-efficient technologies. Additionally, the growing adoption of renewable energy sources, such as solar and wind, is driving the need for accurate metering and monitoring systems to manage these intermittent sources of power.

How will Growth Unfold in the North America Market?

North America is expected to hold a significant share of the global power metering market during the forecast period, owing to the growing popularity of smart grids and smart meters, rising need for reducing bills, growing consumer awareness and presence of leading market players.

Demand for power metering is particularly high across the United States due to integration of smart grids in power industry, increasing government investments in expanding power infrastructure, and rising trend of green building.

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Market Competition

Some of the key participants present in the global power metering market include

  • Toshiba Corporation,
  • Honeywell International Inc.,
  • ABB,
  • General Electric,
  • Schneider Electric,
  • Eaton Corporation,
  • Siemens AG,
  • Jiangsu Linyang Electronics Co., Ltd.,
  • Melrose Plc.,
  • Aclara Technologies LLC, and
  • Holley Metering.

Presence of a large number of regional and domestic players has made the global power metering market highly competitive in nature. Leading players are constantly upgrading their product portfolios to provide end users with more efficient and reliable power metering solutions.

Besides this, they have adopted growth strategies such as collaborations, partnerships, acquisitions etc. to gain a competitive edge in the market.The power metering market includes several types of meters, such as smart meters, digital meters, and analog meters.

Smart meters, which are equipped with communication capabilities that allow them to send and receive data remotely, are the fastest-growing segment of the market. These meters enable utilities and consumers to monitor energy usage in real-time and can support demand-response programs that incentivize customers to reduce energy consumption during peak periods.

Key Segments Profiled in the Power Metering Industry Survey

By Type:

  • Digital
  • Smart
  • Analog

By Phase:

  • Single Phase
  • Three Phase

By Application:

  • Commercial
  • Industrial
  • Residential

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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About Future Market Insights, Inc.

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

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DNA Sequencing Electrophoresis Systems Market is expected to reach heights in 2032

During the forecast period from 2022 to 2032, the demand for DNA sequencing electrophoresis systems is expected to increase at a healthy CAGR of between 6% and 6.2%. Rising use of DNA sequencing electrophoresis systems in industries like microbiology, biochemistry, and pharmaceuticals is fueling market expansion.

Due to technological advancements in the medical and biological fields as well as the complexity of various techniques, researchers are now turning to quick and efficient technologies for tasks like DNA sequencing. This factor has increased awareness of DNA sequencing electrophoresis systems.

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In order to perform electrophoresis, a unique technique for separating DNA, RNA, and protein based on their size, mass, or electrical charge, DNA sequencing electrophoresis systems have become necessary tools. The process entails passing a current through a gel.

The DNA sequencing electrophoresis systems market refers to the market for equipment used in the process of DNA sequencing, specifically electrophoresis systems. Electrophoresis is a technique used to separate molecules based on their size and charge using an electric field. In DNA sequencing, electrophoresis is used to separate DNA fragments based on their size, which is a critical step in the sequencing process.

The market for DNA sequencing electrophoresis systems is driven by the increasing demand for DNA sequencing in various fields, including medical research, biotechnology, forensics, and diagnostics. The development of advanced DNA sequencing technologies, such as next-generation sequencing (NGS), has also contributed to the growth of the market.

The market includes various types of electrophoresis systems, such as gel electrophoresis systems, capillary electrophoresis systems, and microfluidic electrophoresis systems. Gel electrophoresis systems are the most commonly used type of system for DNA sequencing, and they are available in different sizes and configurations depending on the specific application.

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Capillary electrophoresis systems are used for high-throughput DNA sequencing and are capable of analyzing thousands of samples in a short period of time. Microfluidic electrophoresis systems are relatively new and offer several advantages over traditional electrophoresis systems, including faster separation times and lower sample volumes.

The DNA sequencing electrophoresis systems market is highly competitive, with several players operating in the market, including Agilent Technologies, Bio-Rad Laboratories, Thermo Fisher Scientific, and QIAGEN. These companies offer a range of electrophoresis systems with varying features and capabilities, and they compete based on factors such as price, product features, and brand reputation.

Overall, the DNA sequencing electrophoresis systems market is expected to continue to grow in the coming years, driven by the increasing demand for DNA sequencing and the development of advanced sequencing technologies.

What is the Growth Projection for Asia Pacific Market

According to Future Market Insights, the Asia Pacific market is expected to witness significant growth during the forecast period, owing to the increasing investments by manufactures in the laboratory instrumentation field, rising penetration of foreign market players, favorable government support, and increase in proteomic and genomics research in countries like China.

Market Competition

Some of the key participants present in the global DNA sequencing electrophoresis systems market include

  • Normax,
  • Thermo Fisher Scientific Inc.,
  • Corning Incorporated,
  • BRAND GMBH + CO KG,
  • Deltalab,
  • Paul Marienfeld GmbH & Co. KG,
  • DWK Life Sciences,
  • FL MEDICAL s.r.l.,
  • CML Biotech and
  • Boekel Scientific among others.

Most of these players are continuously introducing advanced systems with additional features to increase their sales. Besides this, they are aiming at expanding their presence across emerging economies like Asia Pacific and the Middle East through strategies like new facility establishments, partnerships, acquisitions etc.

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Key Segments Profiled in the DNA Sequencing Electrophoresis Systems Industry Survey

By Type:

  • Glass Systems
  • Plastic Systems

By Application Area:

  • Microbiology
  • Chemical
  • Bio-chemical
  • Nanotechnology
  • Pharmaceutical
  • Other Application Areas

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

About Future Market Insights, Inc.

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

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Editor App Market value is estimated at US$ 4,140.4 Million in 2023 | Future Market Insights, Inc.

The market for editor apps is anticipated to reach US$ 4,140.4 million in 2023 and US$ 10,154.2 million by 2033. During the forecast period, the demand for editor apps is anticipated to grow at a CAGR of 9.4%. The following reasons make it likely that the market for editor apps will expand:

  • Demand for high-quality images and videos with special effects like colour, tints, and other elements has fueled the market’s expansion.
  • The widespread use of smartphones and cameras is another factor boosting growth in the market for editor apps, in addition to the accessibility of high-definition displays.
  • Companies that specialise in particular types of video editing or offer lower prices than their competitors have been successful in establishing a market for themselves.
  • Some programmers have stayed at the top by focusing on a wide range of features, while others have carved out a unique market niche by fusing expert and amateur traits.

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The Editor App Market refers to a collection of software applications and tools designed to help users create, edit, and manipulate text-based content. These apps are available on various platforms, including desktops, laptops, tablets, and smartphones.

Editor apps can range from basic word processors to more advanced tools with features such as collaboration, real-time editing, and project management capabilities. The Editor App Market has become increasingly competitive, with new tools and features being developed to meet the growing demand for text-based content creation and editing. As a result, users have more options than ever before when it comes to choosing an editor app that suits their specific needs and preferences.

Overall, the Editor App Market is an essential component of the modern digital ecosystem, enabling individuals and businesses to produce high-quality written content efficiently and effectively.

Recent Developments in the Editor App Industry:

  • In April 2022, Avid announced a collaboration with Microsoft and Haivision to showcase technology demonstrations of advanced remote controllers for video production solutions at NAB.
  • In June 2022, Awingu, a developer of secure remote access technology, was bought by Pinnacle Systems’ parent firm, Corel.
  • The FX-format Nikon D780 was released in January 2020. It has a 24.5-megapixel FX-format (35.9 x 23.9 mm) BSI CMOS sensor, an Expeed 6 image processor, and a light sensitivity range of ISO100-51,200. It can shoot continuously at seven frames per second through the viewfinder or up to 12 frames per second in Live View (which can expand to ISO204,800).

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Adobe and Apple, The Editor Is Influenced by Two A’s: App Market Revenue
Leading companies in the editor app sector use a range of growth strategies, such as alliances, contracts, agreements, regional expansions, mergers and acquisitions, the launch of new products, and investments from bigger companies, to increase their market share. Small businesses can stand out from the competition by offering independent editing packages.

Competitors are working to differentiate their goods to offer unique value propositions and gain a foothold in the market. A few new businesses are also having a big impact, and it’s expected that they’ll eventually establish a solid market presence.

Key Market Players

  • Corel Corporation
  • FXHome
  • Adobe
  • Apple
  • Autodesk, Inc.
  • Avid
  • Avid Technology, Inc.
  • Black Magic Design
  • HairerSoft, iZotope, Inc.
  • Microsoft Corp
  • Movavi

Key Market Segmentation

By Type:

  • Text Editor Apps
  • Audio Editor Apps
  • Video Editor Apps
  • Image Editor Apps
  • Others

By End User:

  • Professional Editors
  • Individuals

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Table of Content
1. Executive Summary | Editor App Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

About Future Market Insights, Inc.

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

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

 

Low Code Development Platform Market is expected to grow at a high CAGR of 28.4% from 2023 to 2033

The adoption of Low Code Development platform is expected to increase at a CAGR of 28.4% during the forecast period. The Low Code Development Platform market size is anticipated to rise from US$ 21,363.5 Mn in 2022 to US$ 259,922.1 Mn in 2032. 

A low-code development platform (LCDP) is a coding environment that enables developers of varying levels of expertise to build applications using a dynamic graphical user interface and configuration in conjunction with model-driven logic. 

One of the key factors propelling the expansion of the low-code development platform market is the advancement of the digital transformation in the IT and telecom sectors.

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By delivering business applications more quickly, low-code tools enable businesses to expand their efforts in digital transformation. Low-code tools also significantly shorten the time needed for innovation.  

The fourth industrial revolution is creating significant growth prospects for the low-code development platform industry, as is the paradigm change toward a digital workspace that makes use of new technology. 

Key Takeaways from Market Study 

  • Low-code and no-code tools appear to be the best option for small and medium-sized businesses outside of IT. It is especially relevant for users who want to achieve their business objectives quickly, efficiently, and affordably by utilising modern technology. 
  • With the increasing incorporation of low-code platforms in the region, particularly in China, Asia Pacific is expected to record the highest CAGR of more than 26.8%. Several local vendors across all major verticals are utilising these platforms to speed up application delivery, expand developer taskforces, reduce operating costs, and boost innovation.  
  • E-commerce businesses are constantly looking for ways to increase sales while remaining cost-effective. Low-code and no-code platforms have proven to be useful tools for managing the e-commerce ecosystem on a budget. These technologies are becoming increasingly popular in the digital ecosystem. 
  • Low-code platforms are becoming an important part of existing web-based platforms in many organisations, allowing them to improve their strategy while reducing cost and complexity. Mendix on IBM Cloud, App Maker on Google Cloud Platforms, and PowerApps on Microsoft are some well-known low-code platforms from major web-based service providers. 
  • As the application becomes more progressive, a suitable level of technical background will be required. This means that time is required to educate and become acquainted with the low-code software. As a result, there is an increased demand for low-code specialists. 

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Competitive Landscape 

The low-code development platform industry is moderately fragmented, with a large number of participants, considerable legislative framework worldwide, and smaller vendors collectively controlling a big portion of the market. Market players with substantial financial resources are actively engaged in strategic M&A activities, while smaller businesses focus on product innovation methods to increase market share.  

Some of the Key Players Operating in Low Code Development Platform Market Include: 

  • Salesforc 
  • Appian 
  • Mendix 
  • Microsoft 
  • Pegasystems 
  • Zoho 
  • OutSystems 
  • Oracle Corporation 
  • ServiceNow 
  • TrackVia, and K2.  

Latest Developments in the Low Code Development Platform Market 

  • In January 2022 – UST announced that it had earned the Microsoft Low Code Application Development advanced specialisation. Microsoft’s advanced specialisation is a significant credential for its partners who meet high specialisation, service delivery, and support standards. 
  • In November 2021 – OutSystems unveiled a next-generation application platform, allowing development teams to create cutting-edge cloud applications. The new platform, codenamed Project Neo, provides organisations with the next level of application scale and developer productivity required to compete in a cloud-first world.  

Key Segments Covered in the Low Code Development Platform Market Report

By Solutions:

  • Platform
  • Services

By Deployment:

  • On-Premise
  • Cloud-Based
  • Web-Based

By Enterprise Size:

  • Small Offices
  • Small Enterprises
  • Medium-Sized Enterprises
  • Large Enterprises
  • Very Large Enterprises

By Industry:

  • Services
  • Distribution Services
  • Public Sector
  • Finance
  • Manufacturing and Resources
  • Infrastructure

By Region:

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

Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-15884

Table of Content
1. Executive Summary | Low Code Development Platform Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

About Future Market Insights, Inc.

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

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

Geomarketing Market size is anticipated to be appraised at US$ 82,840.8 million by 2032

The global geomarketing market is anticipated to reach a valuation of US$ 82,840.8 Mn by 2032, with sales growing at a staggering CAGR of 21.3% from 2022 to 2032. The target market is set to reach an estimated US$ 11,979.6 Mn in 2022. The increasing investments in digital marketing and escalating demand for location-based analytics will propel the growth of the geomarketing market during the forecast period. 

In the past few years, businesses are increasingly turning to digital marketing solutions and drifting away from conventional marketing. This is because geomarketing ensures higher client engagement and affordability which is currently driving the industry. Similarly, increasing interest in the use of location analysis as well as acquiring individualized and detailed data about potential markets and consumers also propels the growth of the geomarketing market during 2022-2032.

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Furthermore, owing to their ability to analyze and distribute real-time geo data, smart devices, wireless connectivity, the Internet of Things, and cloud computing have amplified traffic and generated greater demand for analytical services. Again, by improving consumer experience and using area analysis, marketers can identify potential clients and find the most beneficial ones, which further encourages enhancements in geomarketing market trends and spurs the growth of the same. 

Some of the other factors such as the advantages of using geomarketing solutions like improved business productivity that produces valuable content, higher conversion rates, better management of companies to conduct business, and rising consumer interactions will bolster the growth of the target market during the forecast period. 

“Adoption of geomarketing solutions enables greater client participation and ensures cost-effectiveness. This factor is expected to propel the global growth of the geomarketing market over the forecast period,” says an FMI analyst.   

Key Takeaways: 

  • A dearth of skilled IT professionals along with privacy issues may hamper the geomarketing market growth. 
  • By deployment, the cloud segment will likely grow at a CAGR of 23.7% during the forecast period. 
  • On the basis of the industry type, the manufacturing and resources segment will register a CAGR of 17.2% during 2022-2032. 
  • Rising demand for location-based solutions among retailers will drive the market in India. 
  • The geomarketing market in the United States will expand at a CAGR of 13.8%. 
  • Increasing investment in the IT sector will fuel market growth in the United Kingdom. 

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Competitive Landscape  

IBM Corporation, Microsoft Corporation, Cisco Systems Inc., Oracle Corporation, Adobe Inc., Salesforce.com Inc., Qualcomm, Xtremepush, Software AG, MobileBridge, and Saksoft among others are some of the major players in the geomarketing market profiled in the full version of the report. 

Leading market players are focusing on introducing enhanced user experience for both personal and business use. These businesses are keen on product innovations and other organic and inorganic strategies such as acquisitions, partnerships, and collaborations to gain a competitive advantage.

Key Segments Profiled in the Geomarketing Market Survey

By Solution Type:

  • Software
  • Service

By Deployment Mode Type:

  • Cloud
  • On-premises

By Industry Type:

  • Distribution Services
  • Public Sector
  • Finance
  • Manufacturing & Resources
  • Infrastructure

By Region:

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

Table of Content
1. Executive Summary | Geomarketing Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

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About Future Market Insights, Inc.

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

Contact Us:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Contact Center Analytics Market is projected to increase at a CAGR of around 16.2% from 2022 to 2032

According to a recently released Future Market Insights report, the Contact Center Analytics market is expected to generate revenues of US$ 1.2 billion in 2021 and grow at a CAGR of 19.1% from 2022 to 2032. The market is anticipated to reach a US$ 6.5 billion valuation by the end of 2032.

The rise in demand for contact centres by banks, financial institutions, credit unions, and other organisations to improve their client experiences may be a factor in the market’s expansion. According to Deloitte, financial services accounted for a sizable portion of all contact centres used globally in 2019—nearly 26%. Two benefits that contact centre analytics offers to BFSI companies are decreased operational costs and increased call centre traffic, both of which are significant market growth drivers.

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Contact center analytics solutions are widely employed in the IT and telecom sectors due to their strong business process automation capabilities. These systems also give IT and telecom personnel the ability to manage all phases of a service request and deal with all incoming client communications. These solutions also offer a number of benefits, including improved client happiness, decreased operating expenses, and corporate intelligence. These technologies are also used by IT and telecom companies to identify the factors influencing the experiences of their clients. 

The market is anticipated to grow throughout the anticipated time frame due to the BFSI organizations’ increasing demand for speech analytics. By analyzing and tracking customer interactions, speech analytics assists banks in preventing customer attrition. Speech analytics is being employed by several banks to improve the client experience owing to their benefits.

For instance, the speech analytics solution supplier CallMiner announced in November 2020 that African Bank had chosen the CallMiner Eureka platform to gather data from voice-based client engagements. The bank’s efforts to accelerate its digital transformation have benefited from this project. 

Competitive Landscape 

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Contact Center Analytics market are focused on alliances, technology collaborations, and product launch strategies. 

Some of the recent developments of key Contact Center Analytics providers are as follows:  

  • In January 2020, Microsoft announced its partnership with Genesys. After working together, the companies intended to launch Genesys Engage for Azure, a cloud service that would give contact centers a unified customer experience solution. Businesses will benefit from the new omnichannel customer experience solution by having a smoother shopping experience.
  • In October 2019, Cisco bought Cloud Cherry with success by utilizing the potential of cloud data analytics to enhance real-time client interaction.

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Contact Center Analytics Market Segmentation

By Solution:

  • Cross-channel Analytics
  • Performance Analytics
  • Predictive Analytics
  • Speech Analytics
  • Text Analytics

By Service:

  • Integration & Deployment
  • Support & Maintenance
  • Training & Consulting
  • Managed Services

By Deployment:

  • Hosted
  • On-premise

By Enterprise Size:

  • Large Enterprises
  • Small & Medium Enterprises

By Application:

  • Automatic Call Distributor
  • Customer Experience Management
  • Log Management
  • Real-time Monitoring & Reporting
  • Risk & Compliance Management
  • Workforce Optimization
  • Others

By End Use:

  • BFSI
  • Consumer Goods & Retail
  • Healthcare
  • IT & Telecom
  • Travel & Hospitality
  • Others

By Region:

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

Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-15662

Table of Content
1. Executive Summary | Contact Center Analytics Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

About Future Market Insights, Inc.

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

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

 

Embedded System Market is projected to reach a valuation of US$ 1,52,544.6 Million in 2032

During the forecast period, the embedded system market is anticipated to register a CAGR of 5.8%. By 2022, the market is expected to be worth US$ 86,450.3 million, and by 2032, it’s expected to be worth US$ 1,52,544.6 million. The embedded system is quickly gaining popularity on a global scale because it is widely used in manufacturing for a variety of tasks, including temperature control, driving, networking machinery, controlling the speed of assembly lines, and other tasks.

An embedded system’s widespread adoption can be attributed to its incorporation for managing, observing, and assisting machinery, plant, and equipment operations.

The knowledgeable analysts at FMI anticipate that growing industrialization and rising demand for smart devices will propel embedded systems.

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The Embedded System Market refers to a rapidly growing industry that involves the development and implementation of specialized computer systems that are integrated into larger devices or products. These systems are designed to perform specific functions, such as monitoring, control, or communication, within the context of the larger device or system.

Embedded systems are found in a wide range of products and industries, including automobiles, consumer electronics, medical devices, aerospace, and defense. They are critical components of modern technological infrastructure, providing key functionalities that enable the devices and systems they are integrated into to function properly and efficiently.

The Embedded System Market is driven by several factors, including the increasing demand for automation, the growth of the Internet of Things (IoT), and the need for greater efficiency and productivity in various industries. As a result, the market is expected to continue to grow rapidly in the coming years. Overall, the Embedded System Market is a critical and rapidly evolving industry that plays a key role in enabling the development and implementation of advanced technologies across a wide range of industries and applications.

Competitive Landscape

Key Players Revolutionizing the Embedded Systems Market

The market is consolidated by key players present all around the region. These players play a vital role in the growth of the market by applying various marketing strategies to acquire maximum revenue. Some of the common methodologies are product launches, mergers, and collaborations.

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Recent Developments in the Embedded System Market

  • In December 2019, a company named NXP Semiconductors acquired Marvell Company’s Wi-Fi and Bluetooth connectivity for US$ 1.8 Billion. The deal was taken place to improve the connectivity and scalable processing to their consumers.
  • In November 2019, STMicroelectronics launches its new product STM32WB, which is a wireless microcontroller that can support 5.0 technology Bluetooth. It provides high security and is affordable.

The key vendors in the embedded system market include

  • Atmel Corporation
  • Intel Corporation
  • Texas Instruments
  • Freescale Semiconductor
  • Infineon Technologies
  • NXP Semiconductors N.V.
  • Microsoft Corporation

Key Segments in the Embedded Systems Market

By Type:

  • Embedded Hardware
  • Embedded Software

By End Use Industry:

  • Automotive
  • Industrial
  • Healthcare
  • Consumer Electronics
  • Energy
  • Communication
  • Aerospace & Defence

By Region:

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

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Table of Content
1. Executive Summary | Embedded System Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

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

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Automotive Natural Gas Vehicle Market to grow at a rate of 7% by 2032, Says Future Market Insights, Inc.

The automotive natural gas vehicle market remains in its infant stage, despite sales growth in the last three to four years. The automotive natural gas vehicle market is expected to grow at a CAGR of 7% between 2022 and 2032.

Tracking the Consumption of Automotive Natural Gas Vehicles in United States

Natural gas is readily available in the United States, and the region is the world’s lowest-cost manufacturer. As a result, it opens up many automotive natural gas vehicle market growth opportunities. Furthermore, increased shale gas extraction across the United States has increased the natural gas supply.

The automotive natural gas vehicle market is growing in many countries due to low-cost CNG and LNG and higher diesel prices. Commercial vehicles’ conversion options make them appealing in terms of lowering operating costs and the overall cost of ownership. The low conversion cost and the possibility of significant emission reductions may increase the global penetration of alternative fuels.

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Pioneering Forces Driving Automotive Natural Gas Vehicle Market Growth

Because it is more readily available, produces fewer emissions from moving vehicles, and has lower costs than conventional fuels like gasoline and diesel, natural gas is becoming more and more common as an alternative fuel.

Players are encouraged to use Liquefied Natural Gas (LNG) trucks to route their activities due to the rising demand for automotive natural gas vehicles in the transportation sector. Vehicles powered by Liquefied Natural Gas (LNG) are increasingly in demand in the transit sector. The market for automotive natural gas vehicles (NGVs) is also anticipated to increase in the near future due to rising government initiatives to build natural gas distribution infrastructure.

The growing demand for automotive natural gas vehicles in transportation encourages players to use Liquefied Natural Gas (LNG) trucks to route their operations. The transportation industry is seeing a surge in demand for LNG vehicles. Furthermore, rising government initiatives to develop natural gas distribution infrastructure is expected to boost demand for automotive natural gas vehicles (NGVs) in the near future.

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Automotive Natural Gas Vehicle Industry’s Obstacles

Electric vehicles are gaining popularity in Europe and Asia-Pacific, posing a significant challenge to the automotive natural gas vehicle market expansion in these regions.

Due to their low operating and maintenance costs, electric vehicles help to shift consumer focus away from natural gas-powered vehicles and toward electric vehicles. This is now a significant impediment to the automotive natural gas vehicle market. The disruption in the mining and supply chain of natural gas caused by social issues such as riots and war in reserve lands creates a barrier to the automotive natural gas vehicle market growth.

Analyzing Demand for Automotive Natural Gas Vehicles from Asia Pacific

The Asia Pacific automotive natural gas vehicle market is expanding due to the province’s increased production and sales of passenger cars. Due to the development of natural gas infrastructure in countries, China is recognized as the largest adopter of NGVs.

China is expected to increase CNG and LNG usage due to massive infrastructure growth, and natural gas may help operators reduce operating costs. The government’s numerous incentives to encourage the use of natural gas serve as primary drivers of automotive natural gas vehicle market growth.

Key Takeaways:

  • The Asia Pacific region accounted for more than 55% of the automotive natural gas vehicle market and is expected to maintain its lead with a significant CAGR.
  • China accounted for nearly a quarter of APAC passenger car sales.
  • The European automotive natural gas vehicle market is expected to grow throughout the forecast period.
  • Natural gas is abundant in the United States, and the country is the world’s lowest-cost producer.

Competitive Landscape:

Ford Motor Company, Hondo Motor Company, Volkswagen, and Hyundai Motor Corp are the key participants in the global demand for automotive natural gas vehicles.

Companies emphasize providing technologically driven and advanced products to enhance their market offerings. To expand in the automotive natural gas vehicle market, the companies are also pursuing strategic initiatives such as regional expansions, acquisitions, mergers, partnerships, and collaborations.

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Key Segments Covered in the Automotive Natural Gas Vehicles Market Report

Fuel Type:

  • Compressed Natural Gas (CNG)
  • Liquefied Natural Gas (LNG)

Vehicle Type:

  • Passenger Vehicles
  • Commercial Vehicles

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Recent Development:

  • Agility Fuel Solutions announced a merger with Hexagon Mobile Pipeline in February 2021 to strengthen its position among natural gas and renewable natural gas mobility solution providers.
  • Westport Fuel Systems Inc. announced a definitive agreement with its joint venture partner, UNO MINDA Group, in September 2020. The agreement allowed the company to serve India’s growing NGV market better.

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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Future Market Insights, Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Tire Pressure Monitoring System Market Worth US$ 7.7 Billion by 2032 | Continental AG, Valeo SA, Autoliv Inc.

Over the forecast period of 2022 to 2032, the tire pressure monitoring system market is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Billion by 2032.

Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle’s tires are low on air or flat. This information reduces the chances of accidents and further improves the efficiency for utilizing fuel, as optimized air pressure in a tire moves the vehicle smoothly.

Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry’s expansion, initiatives to adopt advanced technologies, develop structured safety features, and a growing trend of government and consumer adoption of autonomous vehicles is expected to create opportunities for growth in the market.

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The global TPMS market is expected to be benefited from rising per-capita income in developing economies, as well as increasing demand for premium and luxurious features in vehicles over the forecast period. Countries with a large trucking industry plan to standardize the use of tire pressure monitoring systems (TPMS) in heavy commercial vehicles, resulting in higher sales.

TPMS is becoming an innovative component in a vehicle. Furthermore, increase in the safety standards adopted by the key manufacturers all over the globe is anticipated to benefit the growth in the market. Increasing sales of electric vehicles are also expected to propel the demand for tire pressure monitoring system in the forthcoming years.

“The quick adaptation of technologies in the automotive sector will fuel the adoption of TPMS. The market for Advance driver assistance systems is benefiting from rising demand for safe care driving, government regulation on road safety, which is expected to have a direct impact on the TMPS market,” says an FMI analyst.

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Key Takeaways:

  • Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
  • By region, Europe and East Asia are expected to be collectively account for a market share of more than 70.9% by 2032.
  • In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 75.0% of the total market share.
  • Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.
  • China will offer an incremental opportunity of more than US$ 2.9 Bn over the forecast period.
  • Germany will account for more than 25.9% of the Europe tire pressure monitoring system market in 2022.

Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, and others are among the industry’s key market participants.

Manufacturers and developers of tire pressure monitoring systems are constantly investing in improving the system’s application while reducing human interference and increasing accountability.

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Tire Pressure Monitoring Systems Market: Segmentation

TPMS Market by Category

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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.

Contact:

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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Electric Cargo Bike Market Share to Surpass a Valuation of US$ 545.2 Million by the end of 2031

According to Future Market Insights (FMI), the global electric cargo bike market share is projected to expand exponentially at CAGR of around 11.4% over the forecast period. Sales of electric cargo bikes is likely to exceed a valuation of US$ 545.2 Million by year 2031.

With increasing investments in the expansion of transport infrastructure to meet the growing need of the global population, the electric cargo bikes market is anticipated to surge at an impressive pace. The use of electric cargo bike for logistics and supply chain applications are currently gaining traction in countries with matured transportation systems.

The increasingly important requirement to reduce the carbon footprints for environmental protection, along with high performance and low maintenance characteristics in the logistics industry, are compelling manufacturers to invest production capacity, therefore creating promising market prospects for the foreseeable future.

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With increasing investments in urbanization, increasing volume of deliveries being conducted by logistics companies in terms of last-mile operations is a key factor that supports the adoption of electric cargo bikes. Minimal fatigue to riders, low operational costs, minimal environmental impact, and growing levels of social acceptance are expected to drive demand in the long-term.

On the other hand, electric cargo bikes are limited in terms of payload carrying capacity and range of operations. Efforts to bolster performance capabilities through research and development and marketing operations aimed towards geographical expansion are key factors being considered by market leaders.

Increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated electric cargo bikes. Moreover, the need for sustainable urban mobility solutions and modern transportation is driving the transition from conventional to electric modes of transport. E-cargo bikes are anticipated to have a positive influence on energy security and air quality. Regulations aimed towards net zero emissions and climate protection agreements are proving important to future market developments.

Key Takeaway from Market Study

  • Lithium-ion batteries are expected to hold more than 84% of the market owing to their high charging efficiency, charge density, and low-weight compared to lead and nickel-based alternatives
  • Two-wheeled electric cargo bikes are anticipated to remain one of the fastest growing segments exhibiting a CAGR of 12.2%
  • Germany is expected to account for a dominant share of 39% in Europe backed by the presence of some of the key manufacturing facilities and government incentives.
  • The U.S. will hold the lead in North America, accounting for over 90% of the regional industry owing to developments in transport infrastructure.
  • Brazil is likely to generate lucrative opportunities, reflecting a CAGR of over 8% through the end of 2031.

“Market players are looking to offer eco-friendlier updates to cater to the changing consumer preference. Besides this, there is immense focus on expanding their product portfolio to gain competitive edge,” says a lead FMI analyst.

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Competition Landscape

The global electric cargo bike market is highly competitive at regional, country, as well as global level, and highly fragmented in nature. Top companies operating in the market are occupying a hefty share in terms of revenue.

With compliance to governmental standard and regulations, these companies have a global brand presence. Leading manufacturers are also updating their technologies to improve their market share.

Key Companies Profiled

Jiangsu Xinri E-Vehicle Co. Ltd., Jinhua Jobo Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, NIHOLA, Babboe, Yuba Electric Cargo Bikes, BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH ), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc., Amsterdam Bicycle Company, Triobike

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Electric Cargo Bike Market by Category

By Product Type:

  • Two Wheeled
  • Three Wheeled
  • Four Wheeled

By Battery Type:

  • Lead Based
  • Nickel Based
  • Lithium Ion

By End Use:

  • Courier & Parcel Service Provider
  • Large Retail Supplier
  • Personal Transportation
  • Service Delivery
  • Waste, Municipal Services

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.

Contact:

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
Browse All Reports: https://www.futuremarketinsights.com/reports
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