Market Research Blog – Page 641 – New Product Development

Operational Technology Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2034

The operational technology market was projected to be valued at USD 13.7 billion in 2023. By the end of 2024, the sector is expected to be valued at US$ 16 billion. Over the course of the projection period, the operational technology market is expected to grow at a pace of 18.90% CAGR, with a valuation of USD 90.6 billion by 2034.

Operational technology facilitates more collaboration between historically distinct industries, which fosters creative problem-solving. For example, operational technology is used to enhance output and services in the industrial and healthcare sectors.

Growing standards and regulations in a variety of industries have an impact on the adoption of operational technology. Businesses engage in these technologies to ensure compliance with legal requirements and to ensure that their operating practices meet industry and regulatory requirements. This kind of technology aids businesses in successfully meeting their regulatory obligations.

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Key Takeaways from the Market Analysis

The market expanded at a 16% CAGR throughout the historical period.
Over the course of the forecast period, the operational technology market in the United States is projected to expand at a rate of 16.20% CAGR.
From 2024 to 2034, the operational technology market in Japan is expected to rise at a 17.80% compound annual growth rate.
Over the course of the projected period, the operational technology market in Germany is projected to garner a 19.60% CAGR.
From 2024 to 2034, the operational technology market in China is anticipated to rise at a CAGR of 18.90%.
Over the course of the projected period, the Australia operational technology market is projected to expand at a 21.90% CAGR.
By type of industry, oil and gas activities are projected to gain a 21 % market share by 2024.

“Growth in the operational technology market is driven by the increasing acceptance of Industry 4.0, which emphasizes smart manufacturing, and the growing need for IoT integration, which makes real time data usage possible. These forces improve productivity, stimulate innovation, and optimize procedures in industrial operations,” says an FMI analyst.

Competitive Landscape

Companies in the global operational technology market are putting greater emphasis on creating comprehensive service packages that include maintenance, assistance, and instruction. Companies that provide end to end solutions improve their relationships with customers, guarantee system dependability, and create recurring income streams, all of which support long term success.

Companies are also making calculated investments in research and development to provide innovative operational technology solutions. By being at the forefront of technical innovation, they get a competitive edge that drives profitability by helping them stand out in the market and draw in customers looking for the newest and most cutting edge solutions.

Key Developments

In order to increase the spectrum of managed services provided, Hitachi Systems, Ltd., a fully owned subsidiary of Hitachi, Ltd., announced in July 2022 that they had signed a strategic partnership agreement with Amazon Web Services Inc. (“AWS”).
Hitachi Systems will be able to add the security, scalability, and agility of AWS cloud services to its managed services owing to this new, three year strategic partnership arrangement. Customers will be able to accomplish Digital Transformation (DX) goals more quickly because of this.

Segmentation Analysis of the Operational Technology Market

By Component:

Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Remote Terminal Value
- Human Machine Interface (HMI)
- Others
Distributed Control System (DCS)
Manufacturing Execution System Market
Functional Safety
Building Management System
Plant Asset Management (PAM)
Variable Frequency Drives (VFD)
Computer Numerical Control (CNC)
Others

By Connectivity:

Wired
Wireless

By Deployment:

Cloud
On premises

By Enterprise Size:

SMEs
Large Enterprises

By Industry:

Process Industry
- Oil & Gas
- Chemicals
- Pulp & Paper
- Pharmaceuticals
- Mining & Metals
- Energy & Power
- Others
Discrete Industry
- Automotive
- Semiconductor & Electronics
- Aerospace & Defense
- Heavy Manufacturing
- Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Bipolar Disorder Drugs and Treatment Market to Reach USD 5.8 Billion by 2033, Growing at a 2.72% CAGR

The Bipolar Disorder Drugs and Treatment Market is on a steady growth trajectory, with its valuation projected to increase from USD 4.4 billion in 2023 to USD 5.8 billion by 2033, reflecting a CAGR of 2.72% during the forecast period. According to a recent study by Future Market Insights, antipsychotic drugs are set to dominate the market, accounting for 40.2% of the global market share in 2023.

The market’s expansion is largely driven by the rising global prevalence of bipolar disorder and the increasing demand for effective treatment options. Bipolar disorder, characterized by extreme mood swings, is a major mental health condition that requires long-term treatment. The growing awareness and recognition of mental health conditions have led to more individuals seeking medical help, thereby driving the demand for medications.

Antipsychotic drugs are expected to continue to lead the market due to their effectiveness in managing the symptoms of bipolar disorder, particularly during manic or depressive episodes. Additionally, the development of new drug formulations with fewer side effects and improved therapeutic outcomes is further fueling market growth.

Key Takeaways:

The Bipolar Disorder Drugs and Treatment Market is projected to grow at a CAGR of 2.72%, reaching USD 5.8 billion by 2033.
Antipsychotic drugs will maintain a leading market share, accounting for 40.2% in 2023.
Rising global awareness of bipolar disorder and advancements in treatment options are key factors driving market growth.
Ongoing innovations in drug development are enhancing the effectiveness and safety of bipolar disorder treatments.

As mental health continues to be a priority globally, the bipolar disorder drugs market is poised for continued growth, offering hope for millions of individuals living with this condition and improving the overall management of their symptoms.

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Key Market Insights

Market Growth Drivers:
- Increasing Awareness: Growing awareness of bipolar disorder and its treatment options is driving demand for effective medications.
- Rising Prevalence: The increasing incidence of bipolar disorder globally necessitates more treatment options and support.
- Investment in Research: Enhanced investments by pharmaceutical companies in developing new treatments are expected to boost market growth.

Challenges

Despite the positive outlook, challenges such as stigma associated with mental health, high treatment costs, and variability in access to care may hinder market growth.In summary, the global bipolar disorder drugs and treatment market is set for steady growth driven by increasing awareness, rising prevalence of bipolar disorder, and significant advancements in treatment options.

Competitive Landscape

The main strategies adopted by the market players include the development of new drugs for bipolar disorder over the counter medication by investing in research and development (R&D) activities. Acquiring approvals for such over the counter medications is the most important step in gaining recognition for the newly developed medicines.

Expanding business activities by acquisition and merger of the locally established manufacturers supplying mood stabilizer medications over the counter in any area.

For the treatment of bipolar I disorder among adults, Alkermes PLC developed a treatment drug by the name of LYBALVITM that is a combination of olanzapine and samidorphan. It received the approval of the US Food and Drug Administration (FDA) in June 2021, which will make it available as an over the counter medicine for bipolar treatment.
The University of Illinois, which is present in the state of Chicago, launched a cell phone app by the name of BiAffect in 2018 that helps in tracking the manic disorder and depressive mood for the patients having bipolar disorder.
Allergan PLC and Gedeon Richter PLC expanded the use of Vraylar, also known as cariprazine used in the treatment of the depressive condition in adults suffering from bipolar disorder after getting approval from the USA Food and Drug Administration (FDA) by May 2019.

Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the bipolar disorder drugs and treatment space, which are available in the full report.

Key Companies Profiled

AbbVie Inc.; Glaxo SmithKline (GSK); ELI Lilly and Company; Janssen Pharmaceuticals; Astellas Pharma Inc.; Bristol Myers Squibb; Gedeon Richter Plc.; H. Lundbeck A/S; Pfizer Inc.; Novartis AG; Otsuka Holdings Co. Ltd; Validus Pharmaceuticals LLC

Key Market Segments Covered in Bipolar Disorder Drugs and Treatment Industry Research

By Drug Class:

Mood Stabilizer
Anticonvulsants
Anti-Psychotic Drugs
Anti-Depressant Drugs
Anti-Anxiety Drugs

By Bipolar Disorder:

Bipolar I Disorder
Bipolar Ii Disorder
Cyclothymic Disorder

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region:

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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T: +1-347-918-3531

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Acute Kidney Injury Treatment Market to Reach USD 3.57 Billion by 2029, Growing at 8.2% CAGR

The global Acute Kidney Injury (AKI) Treatment Market is poised for significant growth, with a projected CAGR of 8.2% during the forecast period from 2022 to 2029. The market, valued at USD 2,058.2 million in 2022, is expected to surpass USD 3,566.7 million by the end of 2029, driven by the increasing prevalence of kidney-related disorders and advancements in therapeutic solutions.

The surge in demand for acute kidney injury treatment is attributed to a rise in chronic conditions such as diabetes and hypertension, which are major risk factors for AKI. Furthermore, the growing geriatric population, coupled with increasing incidences of hospital-acquired acute kidney injury, underscores the need for effective treatment options.

Market players are focusing on innovative therapies, advanced dialysis techniques, and novel pharmaceuticals to improve patient outcomes. The emphasis on early detection and personalized medicine is also driving the development of cutting-edge solutions in the AKI treatment landscape.

Key Takeaways:

The AKI Treatment Market is anticipated to grow at a CAGR of 8.2%, with the market valuation increasing from USD 2,058.2 million in 2022 to USD 3,566.7 million by 2029.
Key drivers include rising cases of chronic illnesses such as diabetes and hypertension and the growing prevalence of hospital-acquired AKI.
Innovative therapies and advanced dialysis solutions are central to the market’s evolution, ensuring better patient outcomes.
Early detection and personalized medicine are becoming increasingly important in addressing the global AKI burden.

This robust growth trajectory highlights the urgent need for advanced and accessible treatment options, as healthcare systems worldwide work to mitigate the impact of acute kidney injury on patients’ lives.

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Key Factors Driving Market Growth

Increasing Incidence of AKI: The rising prevalence of acute kidney injury, often associated with chronic diseases such as diabetes and hypertension, is a major driver behind the demand for effective treatment solutions.
Aging Population: As the global population ages, the incidence of AKI is expected to rise, leading to greater demand for treatment options.
Advancements in Healthcare Infrastructure: Improvements in healthcare facilities and technologies are facilitating better diagnosis and treatment of AKI.
Growing Awareness: Increased awareness regarding kidney health and the importance of early detection and management of AKI is contributing to market growth.

Market Insights

The market includes various treatment modalities such as drug therapy, dialysis (both intermittent and continuous), and supportive care measures tailored to manage AKI effectively.
Regional Trends: North America is expected to dominate the market due to advanced healthcare systems and significant investments in kidney disease management. Meanwhile, the Asia Pacific region is projected to exhibit the fastest growth rate due to a large patient population and increasing healthcare expenditures.

Competitive Landscape

Leading players in the global acute kidney injury treatment market are focusing on developing automated, portable, and tech-driven dialysis equipment to deliver advanced care to patients. They are also integrating advanced technologies such as artificial intelligence and the Internet of Things (IoT) to expand their product portfolio.

Meanwhile, some of the other players are making advancements in diagnostic technology in order to streamline their product offerings in emerging economies with diverse product portfolios.

For instance:

In March 2021, C-Path announced the launch of an acute kidney injury project in partnership with the USA Food and Drug Administration (FDA) for Drug Evaluation and Research, the Office of translational science, and the Division of cardiology and Nephrology, to develop a suite of prognostic tools to improve the detection of drug-induced kidney injury.
In June 2021, Abionyxx announced the enrollment of the first patient in its Phase-2a clinical study with CER-001 for the treatment of septic patients at high risk of developing acute kidney injury.

Key Companies Profiled

Novartis, Pfizer Inc.; Merck & Co.; Biocon Ltd.; Teva Pharmaceutical Industries Ltd.; Mylan Pharmaceuticals Inc.; NIPRO Medical; Baxter Corporation; Asahi Kasei; NIKKISO; Fresenius Medical Care; Others

Acute Kidney Injury Treatment Market By Category

Product:

Dialysis
- Intermittent Hemodialysis
- Continuous Renal Replacement Therapy (CRRT)
- Sustained Low-Efficiency Dialysis (SLED)
Drug Therapy
- Antibiotics
- Diuretics
- Immunosuppressive Agents

Injury:

Pre-renal Injury
Intrinsic Renal Injury
Post-renal Injury

Distribution Channel:

Hospitals
Ambulatory Surgical Centers
Others

Region:

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

Author By:

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

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Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

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Website: https://www.futuremarketinsights.com
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Data Catalog Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2024-2034

With a predicted value of US$ 1.1 billion by 2024, the data catalog market is poised to achieve a significant worth. The growing awareness of and insights into the data catalog industry are the main factors propelling the expansion. Due to the trend’s predicted CAGR of 23.5% from 2024 to 2034, new possibilities within the market are expected to arise. The market is expected to surge to a total projected worth of around US$ 8.9 billion by 2034.

In the near future, there will be a greater need for data catalog solutions because to the growing difficulty in efficiently managing and using the increasing amount, velocity, and diversity of data.

Implementing data catalog solutions requires substantial investments to establish and configure, encompassing the meticulous selection of appropriate tools. The integration of these solutions with existing systems may pose a hurdle to the growth of the data catalog market during the forecast period. Notwithstanding, many thriving enterprises heavily rely on data catalog solutions, particularly as businesses must navigate various data sources while adhering to compliance norms to avoid fines and safeguard sensitive customer information.

Adopting data catalog solutions simplifies the identification, categorization, curation, and preparation of data sources for businesses, leading to cost and time savings. Consequently, this contributes to a compelling value proposition for companies and their clients. Organizations increasing utilization of data catalog solutions is driven by the need to manage the burgeoning data volume effectively, enhance productivity, and ensure business continuity, thereby propelling the growth of the data catalog market.

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One notable factor driving market growth is the facilitation of analytics self-service by data catalog solutions. These solutions provide business users with a framework to understand the context, provenance, relationship, and consumption of data, fostering increased data reuse. Data catalog serves as a mentor, imparting knowledge about data standards and consistent practices, bridging the knowledge gap between data engineering and business.

Moreover, data catalog solutions improve data quality by closing the data consumption loop. They enable equitable sharing of business and IT’s understanding of data, offering insights into data propagation and revealing the costs and complexities associated with data purification and organizational data architecture. This systematic data lineage enhances transparency, contributing to the growth of the data catalog market.Top of Form

Key Takeaways from the Market Study:

The market valuation in 2023 was US$ 9 billion.
Based on component type, the solution is expected to dominate at a market share of 23.5% in 2024.
Japan is estimated to register at a CAGR of 24.7% by 2034.
China experiences significant growth, projected at a CAGR of 24% by 2034.

“The increasing volume, velocity, and variety of data make it more complex and challenging to manage and utilize data effectively is considered a major trend of the data catalog market” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Competitive Landscape:

The data catalog industry boasts a substantial array of market participants. Research and development play a pivotal role among these players, primarily focusing on introducing eco-friendly product lines as a core aspect of their manufacturing endeavors. Furthermore, they employ various expansion strategies, including collaborations, mergers and acquisitions, and diligent exploration of regulatory approvals to bolster their market presence.

Some of the key developments are

In July 2023, RightData announced DataMarket, a user-friendly way to act on all data within an organization, including understanding definitions, viewing metadata, control access, and direct access to APIs, connectors, and natural language-based data analysis.
In October 2023, Data catalog specialist Alation unveiled new generative AI capabilities and tools designed to help organizations measure the maturity of their data management and analytics operations.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global data catalog market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the data catalog market is segmented based on Component, [(Solutions- Standalone Solution, Integrated Solution), (Services- Support and Maintenance Services, Consulting Services, Deployment and Integration Services, Managed Services), By Metadata Management Tools Type (Business Metadata, Technical Metadata, Operational Metadata), By Deployment Mode (Cloud, On-Premises), By Data Consumer {(Business Intelligence Tools – Data Integration and ETL, Reporting and Visualization, Query and Analysis), (Enterprise Applications- ERP, Supply chain management system), (Mobile and Web Applications-Heat Map Analytics, Web Behavioral Analysis, Market Automation)}, By Vertical (BFSI, Retail & E-commerce, IT & Telecom, Healthcare, Manufacturing, Others), By Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, The Middle East and Africa).

Data Catalog Market Segmentation:

By Component:

Solutions
- Standalone Solution
- Integrated Solution
Services
- Support and Maintenance Services
- Consulting Services
- Deployment and Integration Services
- Managed Services

By Metadata Management Tools:

Business Metadata
Technical Metadata
Operational Metadata

By Deployment Mode:

Cloud
On-Premise

By Data Consumer:

Business Intelligence Tools
- Data Integration and ETL
- Reporting and Visualization
- Query and Analysis
Enterprise Applications
- ERP
- Supply Chain Management System
Mobile and Web Applications
- Heat Map Analytics
- Web Behavioral Analysis
- Market Automation

By Vertical:

BFSI
Retail and E-Commerce
IT and Telecom
Healthcare
Manufacturing
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East & Africa

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Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Patient Engagement Platforms Market to Reach USD 93.4 Billion by 2032, Growing at 17% CAGR

The global Patient Engagement Platforms Market is set to experience exponential growth, with projections indicating an increase from USD 16.6 billion in 2021 to nearly USD 93.4 billion by 2032 at an impressive CAGR of 17% during the forecast period. This growth is fueled by the increasing integration of digital technologies into healthcare and a heightened demand for virtual consulting services.

Key growth drivers include advancements in mobile health applications that foster real-time communication between healthcare providers and patients. The surge in demand for virtual consulting services, particularly among the growing senior population and patients managing contagious diseases, underscores the market’s evolution toward convenience and safety.

The COVID-19 pandemic played a pivotal role in accelerating market adoption. Prior to the pandemic, patient engagement platforms were largely limited to younger, tech-savvy populations. During the pandemic, global movement restrictions made virtual consultations a necessity, leading to a significant increase in the adoption of digital health platforms. This trend has continued post-pandemic, as healthcare systems recognize the efficiency and accessibility offered by such technologies.

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Key Takeaways:

The Patient Engagement Platforms Market is projected to grow at a CAGR of 17%, reaching a valuation of USD 93.4 billion by 2032.
Innovations in mobile health applications and digital communication tools are driving real-time patient engagement.
Virtual consulting services are in high demand among seniors and individuals with infectious diseases.
The COVID-19 pandemic was a major catalyst for the adoption of digital health engagement platforms, a trend that persists in the post-pandemic era.

With the growing importance of data-driven healthcare and digital communication, patient engagement platforms are poised to reshape the healthcare landscape, offering accessible, efficient, and patient-centric solutions worldwide.

Key Factors Driving Market Growth

Technological Advancements: The rise of online services and mobile health applications is enhancing real-time connections between patients and healthcare providers, facilitating better engagement and care management.
Aging Population: An increasing senior population, coupled with a rising prevalence of contagious diseases, has led to a higher demand for virtual consulting services, making patient engagement platforms essential for remote healthcare delivery.
Digital Communication Trends: The growing popularity of digital communication tools and data utilization in healthcare is driving the adoption of patient engagement solutions.
Impact of COVID-19: The pandemic significantly accelerated the adoption of digital health platforms, as restrictions on movement necessitated remote consultations. This shift has continued post-pandemic, with increased annual sales of patient engagement platforms.

Market Insights

Regional Growth: North America is expected to dominate the market due to its advanced healthcare infrastructure and significant investments in digital health solutions. However, the Asia Pacific region is projected to exhibit the highest growth potential during the forecast period.
Market Fragmentation: The patient engagement platforms market is highly fragmented, with numerous solution providers ranging in size. Major players are focusing on technological advancements and partnerships with established healthcare providers to enhance their market presence.

What are the Various Competition going on in the Patient Engagement Platforms Market?

The global market for patient engagement platforms is severely fragmented by the presence of a number of solution-providing companies that range widely in size.

The major players are well equipped with the most advanced technology and software products that provide them an edge over the local players.

The main strategy adopted by these players to capture the digital patient engagement platforms market is to collaborate and partner with renowned healthcare service providers already well-established in the

What are the Most Recent Developments Adopted by the Market Players Influencing the Global Patient Engagement Platforms Market?

Press Ganey Company of the USA partnered with another USA global network company of healthcare professionals and experienced doctors by the name of the Beryl Institute in 2021. This partnership is expected to increase the focus of Press Ganey in accelerating its healthcare engagement platforms for its patients and advancing the healthcare experience movement ahead.
Two companies in the USA named Vocera and Amazon collaborated in 2021 to build a product for the Alexa assistant devices named Vocera skill tool. This collaboration will expand Vocera’s pharma patient engagement platforms ecosystem by providing hands-free and voice experiences for aged patients and families.
SONIFI Health and Cipher Health of the USA entered into a partnership in 2021 to offer a more holistic approach to patient communications via mobile patient engagement platforms. Both solution providers are focusing to leverage their key capabilities of providing successful care planning for their customers worldwide.

Key Players

Allscripts Healthcare Solutions
Orion Health Ltd.
McKesson Corporation
Cerner Corporation
GetwellNetwork Inc.
Phytel Inc.
Medecision Inc.
Lincor Solutions Ltd.
YourCareUniverse Inc.
Athenahealth Inc.

Key Segments

By Component:

Technology
- Patient Rounding
- Patient Experience Survey
Consulting Services

By Facility Type:

Acute Care Facility
- Acute Hospitals
- Children’s Hospitals
- Academic Medical Centre
- Military Treatment Facility
- Ambulatory Surgery Centre
Post Acute Care Facility
- Long-Term Acute Facility
- Skilled Nursing Facility
- Other
Non-Acute Care Facility
- Physicians Office
- Clinics

By Region:

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

Author By:

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Mobile Marketing Industry Set to Surge: Projected to Hit USD 1,440.9 Million by 2034 with a CAGR of 22.8%

In 2024, the mobile marketing industry is projected to bring in USD 184.5 million. Forecasts state that in 2034, the market would be valued USD 1,440.9 million. In 2024, the market is expected to grow at a compound annual growth rate (CAGR) of 22.8%.

Businesses frequently utilize smartphones for mobile marketing, which involves sending clients personalized, location-based, and time-based content. This method produces leads, boosts revenue, and builds brand recognition better than reaching out to existing clients. Given how frequently consumers use their phones to do product searches, mobile advertising is a useful tool for launching new items and boosting in-store purchases. Local marketing initiatives are more accessible, which makes it more likely that people will buy products and services.

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As mobile devices grow exponentially, the number of mobile users will surpass 7 billion by 2025. The Global System for Mobile Communication Association (GSMA) predicts that in 2025, nearly 75% of users will own smartphones. Mobile marketing will become more popular with the proliferation of mobile devices and internet penetration. Mobile marketing incorporates multiple digital marketing channels to reach targeted audiences, such as SMS/multimedia messaging, social media, and social media marketing. With several ad-formation options, mobile marketing offers a range of digital marketing opportunities.

As 5G introduces faster download speeds, boosts communications, and supports new games and apps for augmented reality and virtual reality, the mobile industry is experiencing rapid transformation. Mobile marketers to promote their products are using videos and short educational videos. Using real-time location analytics to target customers and prospects is not new. Businesses in the local community increasingly recognize the value of targeting the local community. Developers are constantly developing new applications and features that allow marketers to engage with their audiences in innovative and creative ways.

Key Takeaways

With 65% of the total value share in 2024, large enterprises will remain the leading value shareholders in the mobile marketing market.
With a 22% market share, the mobile web segment will dominate mobile marketing by 2024.
Mobile marketing in the United States is predicted to increase at a CAGR of 7% over the forecast period.
As smartphone sales in China continue to rise, the market will increase by 3% CAGR over the forecast period.
With a CAGR of 22%, the demand for mobile marketing has increased in Australia over the forecast period.

“Mobile marketing will become a huge industry with the rise of smartphones and the integration of new technologies in the market. With the advent of digital marketing and high-speed Internet, demand for mobile marketing has increased,” opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

Market Competition

Market players have adopted various strategies to gain a larger share of the mobile marketing market. Several strategies are employed by major players in the industry, including product launches, acquisitions, and joint ventures.

Key Developments

In September 2023, Jampp released a StoreKit Ad Network guide for app marketers to measure campaigns on iOS devices. With Apple’s SKAdNetwork, advertisers have access to ad measurement and insights without having access to user data.
In November 2023, SplitMetrics, an international app growth company, acquired App Radar, an Australian app marketing and analytics company, for an all-cash price of seven figures. Through the acquisition, SplitMetrics will become the leading AI platform in the industry, providing paid user acquisition, optimizing app store listings, and analyzing data. Over 1,000 customers are served by SplitMetrics and App Radar across Europe, the United Kingdom, North America, and Asia.

Key Companies Profiled

IBM Corporation
Alphabet Inc.(Google)
InMobi
Millennial Media
Marketo (Adobe Inc.)
Amobee Inc. (Singapore Telecommunications Ltd.)
Flurry Inc.
com Inc.
Oracle Corp.
Chartboost Inc.
SAS Institute Inc.

Mobile Marketing Market: Market Segmentation

By Enterprise Size:

Large Enterprises
Small & Medium Enterprises

By Solution:

Mobile Web
SMS
Location-Based Marketing
In-App Messages
Push Notifications
QR Codes
MMS
Others

By End Use:

Retail
Media & Entertainment
Travel
Automotive
Healthcare
IT & Telecom
BFSI
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

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Data Lake Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2024-2034

The data lake market was projected to be valued US$ 13.7 billion in 2023. By the end of 2024, the sector is expected to be valued at US$ 16 billion. Over the course of the projection period, the data lake market is expected to grow at a pace of 18.90% CAGR, with a valuation of US$ 90.6 billion by 2034.

A key driver of the data lake industry is the increasing focus on data democratization—the process of making data accessible and comprehensible to non-technical people. This shift promotes an inclusive, data-driven culture within businesses. Another significant driver is the increasing convergence of data lakes and edge computing, which enables real-time analysis of data closer to its source.

This convergence improves operational efficiency and promotes sectors like the Internet of Things. With a focus on accessibility as well as real time capabilities, these distinctive drivers highlight a transformational approach and position data lakes as essential solutions for businesses looking to maximize data processing in the ever changing digital ecosystem and empower a broad range of stakeholders.

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Key Takeaways from the market Analysis

The market expanded at a CAGR of 16% from 2019 to 2023.
Throughout the projected period, the data lake market in the United States is projected to expand at a 80% CAGR.
From 2024 to 2034, the data lake market in Japan will rise at a 20% CAGR.
During the projected period, the Germany data lake market is expected to develop at an 40% CAGR.
From 2024 to 2034, the data lake market in China is anticipated to forecast a 50% CAGR.
Over the course of the projected period, the Australia data lake market is predicted to rise at a 50% CAGR.

“Companies in the data lake industry are opting for Data Lake since it is essential for improved data security and governance, as well as to guarantee adherence to legal requirements. The popularity of data lake solutions is driven by the desire for real-time analytics capabilities to extract relevant information,” opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

Competitive Landscape

Advanced analytics integration is being used by organizations more and more to get useful insights from big datasets. By employing these strategies, businesses may manage and assess a range of data sources efficiently, maximizing their resources and staying ahead of the always evolving data landscape.

Key Developments

In 2023, Dremio declared the release of significant new functionality. These features make it easier for customers to build their data lakes by performantly transferring data into Apache Iceberg tables, querying and federating across more data sources with Dremio Sonar, automatically formatting SQL queries in the Dremio SQL Runner, and securely connecting Microsoft PowerBI using single sign on (SSO).
In 2023, Informatica® and Google Cloud further strengthened their partnership. With two recent releases, they have given clients greater control in Europe, they have made available Informatica’s full Intelligent Data Management Cloud (IDMC) and Intelligent Master Data Management Software as a Service (Intelligent MDM) directly on Google Cloud.
In 2023, Oracle introduced new features for application development that will help developers create and launch apps on Oracle Cloud Infrastructure (OCI) more quickly. The new features, which are intended for Java and cloud native developers, will enable developers to create cost effective, highly responsive cloud native apps. Furthermore, Oracle is developing generative AI tools to enable application developers to leverage state of the art big language models alongside the level of privacy and security required by businesses.

Key companies profiled

Amazon Web Services Inc.
Cloudera, Inc.
Dremio Corporation
Informatica Corporation
Microsoft Corporation
Oracle Corporation
SAS Institute Inc.
Snowflake Inc.
Teradata Corporation
Zaloni Inc.

Segmentation Analysis of the Data Lake Market

By Type:

Solutions
Services

By Deployment:

On-premise
Cloud

By Vertical:

IT
BFSI
Retail
Healthcare
Media and Entertainment
Manufacturing
Others (Government, Hospitality, Education, Others)

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East & Africa

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Clinical Nutrition Market to Surge at 8.1% CAGR, Expected to Reach USD 29.2 Billion by 2033

The global Clinical Nutrition Market, valued at USD 13.4 billion in 2023, is forecasted to witness robust growth, reaching a market size of USD 29.2 billion by 2033. This expansion represents a significant CAGR of 8.1%, reflecting increasing demand for nutrition-based therapeutic solutions.

The growing prevalence of chronic diseases, malnutrition, and aging populations is driving demand for clinical nutrition products. These solutions are pivotal in managing various health conditions by ensuring adequate nutrient intake, improving recovery outcomes, and addressing specific dietary needs. Key sectors such as hospitals, home healthcare, and geriatric care are witnessing heightened adoption of clinical nutrition solutions.

Manufacturers are focusing on innovative formulations to cater to the evolving needs of patients, including tailored solutions for pediatric, adult, and elderly populations. Additionally, increasing awareness about preventive healthcare and the role of nutrition in managing chronic illnesses like diabetes and cancer is further propelling market growth.

Key Drivers of Market Growth

Rising Prevalence of Chronic Diseases: The increasing incidence of chronic conditions such as diabetes, cardiovascular diseases, and cancer is driving demand for clinical nutrition solutions tailored to manage these health issues.
Growing Geriatric Population: An aging population often requires specialized nutritional support, contributing to the market’s expansion as older adults face higher risks of malnutrition.
Increased Awareness of Nutrition’s Role in Health: There is a growing recognition of the importance of nutrition in promoting health and longevity, leading to higher consumption of clinical nutrition products.
Innovation in Nutritional Products: Advances in personalized nutrition and targeted dietary solutions are enhancing product offerings, catering to specific health needs and preferences.

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Market Insights

The market encompasses various segments including oral, enteral, and parental nutrition, with applications across pediatric, adult, and geriatric populations.
The demand for specialized products, such as those addressing malnutrition and metabolic disorders, is expected to drive significant growth within the market.

Key Takeaways:

The Clinical Nutrition Market is projected to grow at a CAGR of 8.1%, doubling its valuation from USD 13.4 billion in 2023 to USD 29.2 billion by 2033.
Rising incidences of chronic diseases and malnutrition, along with aging populations, are driving demand for clinical nutrition solutions.
Innovations in product development are catering to diverse patient needs, from pediatric to geriatric care.
Increased focus on preventive healthcare and awareness of the importance of nutrition in disease management bolster market growth.

As the importance of nutrition in enhancing patient outcomes continues to gain recognition, the clinical nutrition market is poised for sustained expansion, paving the way for advanced and accessible therapeutic nutrition solutions globally.

Competitive Landscape

Prominent participants in the clinical nutrition industry include Nestle Health Science, Fresenius Kabi, Abbott Laboratories, Danone, B Braun Melsungen AG, Baxter International Inc., Mead Johnson (Reckitt Benckiser), and Perrigo.

These important stakeholders concentrate on strategic initiatives including collaborations, alliances, the launch of new products, and commercialization of the development of the company. Additionally, these market leaders are investing heavily in research to launch fresh items and increase profits.

Latest Developments:

In August 2020, a binding contract was reached by Nestle Health Science, a division of Nestle SA, to acquire IM HealthScience. Products for medical nutrition are offered by IM HealthScience and meet specific dietary needs for a range of illnesses. Through this tactical acquisition, the corporation was able to improve and broaden its line of nutritional management products.
In July 2020, Danone announced investing USD 108 million in the growth of its specialized nutrition products in China. This investment enabled the company to increase the variety of nutritional products it offers to better serve consumers in China and retake the country’s clinical nutrition market share.

Key Companies Profiled

Nestle Health Science, Fresenius Kabi, Abbott Laboratories, Danone, B Braun Melsungen AG, Baxter International Inc., Mead Johnson (Reckitt Benckiser), and Perrigo.

Key Segments Covered in the Clinical Nutrition Market Report

By Product:

Infant Nutrition
Parenteral Nutrition

By Application:

Cancer
Metabolic Disorders
Neurological Diseases
Gastrointestinal Disorders
Others

By Distribution Channel:

Retail Stores
Pharmacies & Drug Stores
Online Channels
Others

By Consumer:

Pediatric
Adult

By Region:

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

Author By:

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Telemedicine Equipment Market to Grow at 17.3% CAGR, Surpassing USD 10 Billion by 2031 Amid Advancements in Digital Healthcare

The global Telemedicine Equipment Market, valued at over USD 3.5 billion in 2021, is poised for exceptional growth, with a projected CAGR of 17.3% during the forecast period. The increasing adoption of digital health technologies and rising demand for healthcare access solutions are driving this expansion.

Key factors propelling the market include the integration of advanced telemedicine technologies such as chatbots and diagnostic tools, which are being used to streamline information gathering, reassure patients, enable remote treatments, and enhance diagnostic accuracy. Additionally, the growing prevalence of chronic diseases like congestive heart failure and orthopedic injuries is driving the demand for radiological and other telehealth services.

Governments worldwide are significantly increasing their investments in healthcare information technology (HCIT) infrastructure, further accelerating market growth. Simultaneously, industry players are focusing on innovation, bringing cutting-edge solutions to digital diagnostics and expanding the accessibility of telehealth platforms to underserved regions.

Key Takeaways:

The Telemedicine Equipment Market is forecasted to grow at a CAGR of 17.3%, achieving significant revenue growth by 2031.
Increasing demand for radiological services is fueled by the rising prevalence of chronic conditions.
Governments are ramping up spending on HCIT, bolstering infrastructure to support telehealth growth.
Industry leaders are driving innovation in digital diagnostics and telemedicine tools, enhancing accessibility and efficiency.

As healthcare systems increasingly adopt telemedicine solutions to meet the needs of a growing patient population, the market is set to experience substantial advancements, reshaping the future of healthcare delivery worldwide.

Key Drivers of Market Growth

Technological Advancements: The deployment of technologies such as telemedicine platforms, chatbots, and advanced diagnostic tools is enhancing patient care by facilitating information gathering, reassurance, and remote diagnosis and treatment.
Rising Demand for Radiological Services: An increase in chronic diseases, including congestive heart failure and orthopedic injuries, is driving the demand for radiological services, which are increasingly being provided through telemedicine.
Government Investment in Healthcare IT: Significant increases in government expenditure on healthcare information technology (HCIT) are supporting the infrastructure needed for telemedicine.
Innovation in Digital Diagnostics: Key players in the market are focusing on innovation to improve digital diagnostic capabilities, further enhancing the effectiveness of telemedicine.

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Market Insights

The market is segmented into various categories including products (telemedicine kiosks, peripherals, telemedicine carts, and kits), end-use (clinics, home care settings, hospitals, specialty centers), and geography.
The peripherals segment is anticipated to grow at a rate of 16.4%, while specialty care centers are expected to register over 18% CAGR between 2022 and 2028.
Regional growth is notable in areas like Latin America and the Middle East and Africa, where telemedicine equipment markets are projected to grow at rates exceeding 19% and 17.5%, respectively.

What is the Competitive Landscape of Telemedicine Equipment Market?

AMD Global Telemedicine, AFC Industries, American Well, VSee, Poly, Parsys, Cura Carts, and Ergotron are among the industry’s major companies. To enhance their revenue growth and capture a significant portion of the telemedicine equipment market, telemedicine equipment suppliers are relying on a combination of inorganic and organic growth tactics.

Recent advancements in the industry:

Mesmerize established cooperation with VSee in December 2021. This agreement aims to give Mesmerize’s advertisers another platform to engage healthcare practitioners and patients through Mesmerize’s network telehealth solutions, allowing them to deliver remote patient monitoring services. This collaboration will provide best-in-class telehealth and telemedicine services.

AFC Industries purchased AALL AMERICAN FASTENERS (AAF), situated in Cinnaminson, New Jersey, in December 2021. Electronic hardware, electrical components, a complete variety of fasteners, abrasives, tools, safety, and industrial supplies are all available from AALL AMERICAN Fasteners, a vendor-managed inventory service provider. This acquisition aided the company’s development of cutting-edge healthcare telemedicine diagnostic tools and technology.

Key Market Segments

By Product:

Telemedicine cart
- Single display cart
- Dual display cart
- Others
Telemedicine kit
Telemedicine kiosk
Peripherals
- Digital camera
- Stethoscopes
- Digital scopes
- Pulse oximeters
- Others

By End Use:

Hospitals
Clinics
Specialty centers
Home care settings
Others

By Region:

North America
- USA
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Denmark
- Poland
- Portugal
- Sweden
- The Netherlands
- Switzerland
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
Latin America
- Brazil
- Mexico
- Argentina
Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates(UAE)

Author By:

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Quantum Cryptography Market to Skyrocket: Projected Growth from USD 303.99 Million in 2023 to USD 2.33 Billion by 2033

It is anticipated that the market for quantum cryptography would be valued USD 2,332.1 million by 2033, up from USD 303.99 million in 2023. During the projection period, the demand for quantum cryptography is expected to grow at a 22.6% CAGR.

During the evaluation period, several variables are anticipated to propel the quantum cryptography market ahead. Among these are the growing demand for secure communications and the development of quantum computing, which is especially useful in the fields of healthcare, government, and finance.

As quantum computing market growth becomes more powerful, it will break traditional forms of encryption. This is expected to make quantum cryptography more attractive as a means of protecting sensitive information.

The rising volume of sensitive data transmitted and stored electronically is creating a need for more secure communication methods. This is expected to drive demand for quantum cryptography as it is resistant to sophisticated cyberattacks.

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A key trend impacting the quantum cryptography market is the advancements in quantum computing technology. Quantum computers are making it possible to implement quantum cryptography practically.

The tensions between nations that do not have stable relations, such as the United States and China, are expected to benefit the target market. Concerns over how technology can be used to harm one country by the other is a major threat perceived by both nations.

While the United States has made tremendous growth in quantum computing, China is catching up at an impressive rate. This has started a race between nations on who can successfully use the quantum computer for cyber security. It allows quantum cryptography research and development to grow as well.

Key Takeaways from the Quantum Cryptography Market Report:

The global quantum cryptography market is forecast to total US$ 2,332.1 million by 2033.
By component, the quantum cryptography appliances segment is set to hold a market share of 1% in 2033.
Based on application, the network encryption segment is expected to grow at 6% CAGR.
Revenue in the United States is predicted to reach US$ 83 million by 2033.
China is estimated to grow at a CAGR of 31% over the forecast period.
Germany is poised to thrive at a 3% CAGR during the assessment period.
With a CAGR of 23.2% for 2023 to 2033, the public sector is estimated to grow over the forecast period.

“The quantum cryptography market continues to exhibit robust growth, driven by escalating concerns over data security in an increasingly digitized world. As per our comprehensive market study, it is evident that the quantum cryptography market is poised for significant expansion, fueled by the rising adoption of quantum key distribution (QKD) solutions across industries. Our findings underscore the market’s potential to revolutionize encryption techniques, ensuring heightened cybersecurity measures in the face of evolving threats.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Who is Winning?

The quantum cryptography industry is highly competitive, with a significant number of players competing for market share. ID Quantique, Qubitekk, Quantum XC, PQ Solutions Limited, and Toshiba Corporation are a few of the leading players listed in the report.

Key participants are focusing on adopting different growth strategies. These include offering new solutions and services, expanding regional and international distribution networks, forming alliances for acquisitions, and working with significant actors. For instance,

In May 2022, ID Quantique expanded its XG Series with the introduction of the Clavis XG.

Get More Valuable Insights:

In its new offering, Future Market Insights (FMI) provides an unbiased analysis of the quantum cryptography market, presenting historical demand data (2018 to 2022) and forecast statistics from 2023 to 2033. The study offers growth projections based on components, applications, and industry across several regions.

Quantum Cryptography Market Segmentation:

By Component:

Quantum Cryptography Appliances
- Quantum Random Number Generator (QRNG) Appliances
- Quantum Key Generation Appliances
- Quantum Key Distribution (QKD) Appliances
Quantum Cryptography Software
- Cryptography Key & Policy Management Software
- SDKs/APIs
Services
- Integration & Deployment Services
- Cryptography Consulting
- Support & Maintenance

By Application:

Network Encryption
Database Encryption
Application Security
Cloud Encryption

By Industry:

BFSI
Healthcare & Life Science
Government & Defense
IT & Telecom
Energy & Utilities
Retail & e-Commerce
Others

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltics
Middle East & Africa

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