Market Research Blog

According to a newly released Future Market Insights study, the Public Key Infrastructure (PKI) Market’s revenues were expected to be US$ 3.9 billion in 2021 and are projected to increase at a CAGR of 18.3 percent from 2022 to 2032. The market is predicted to be worth $25.1 billion by the end of 2032.

Attributes	Details
Global Public Key Infrastructure Market CAGR (2022-2032)	18.3%
Global Public Key Infrastructure (PKI) Market Size (2022)	US$ 4.7 Bn
Global Public Key Infrastructure (PKI) Market Size (2032)	US$ 25.1 Bn
North America Public Key Infrastructure (PKI) Market Size (2022)	US$ 1.9 Bn
U.S. Public Key Infrastructure (PKI) Market CAGR (2022-2032)	18%
Key Companies Covered	Thales Entrust, Inc. DigiCert ManageEngine Microsoft VeriSign, Inc. RSA Security PrimeKey Solutions AB Google LLC Amazon Web Services AppViewX, Inc. Venafi, Inc.

It is impossible to exaggerate the value of PKI deployment for protecting enterprises in banking and financial services. Between the latter three months of 2020 and the first three months of 2021, banking fraud attempts soared by nearly 160 percent as hackers tried to pass off their attack as legitimate internet activity. There is hence a larger need for protection provided by strengthened PKI. However, PKI must be correctly installed in order to reduce data leaks, outages, and compliance violations. Identity verification is essential in the insurance and financial services sectors. Building customer confidence and making sure that transactions are secure depend on the verification of digital identities.

On the other side, the quick development of new technology, user behaviours, and digitalization is drastically altering how banks interact with their clients and employees. This will always encourage modifications to identity management responsibilities. As a result, the role of financial institutions like banks in the identity supply chain is continually being reviewed.

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Mobile banking apps have taken banking to new heights, removing the need for conventional banking centers. Anyone using a smartphone and an internet connection may now rapidly monitor account balances, transfer cash, and make payments without visiting a branch. In the not-too-distant future, as one can easily envision the Internet of Things (IoT) and voice-enabled functions making banking simple. Real-world uses of this technology have already arrived in our homes, with televisions, autos, and other devices becoming voice-friendly.

Key Takeaways from the Market Study

• Global Public Key Infrastructure (PKI) Market is expected to reach a market size of US$ 4.7 Bn by 2022.
• The Hardware Security Modules (HSM) segment, is expected to have the highest CAGR rate of 18.7% during the forecast period.
• United States to remain the most dominant market with absolute dollar growth opportunity of US$ 7.3 Bn during 2022 – 2032.
• The market in China is set to experience the highest CAGR of 18.1% during the 2022-2032 forecast period.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Public Key Infrastructure (PKI) Market are focused on R&D to produce innovative technological solutions.

• In February 2022, Thales extended its partnership with Google Cloud to enhance public confidence in the cloud. A stronger link enables organizations to use very sensitive data in Google Cloud Platform with confidence (GCP). Ubiquitous Data Encryption is enabled, which is a technology that integrates Google Cloud’s Confidential Computing with Thales’ CipherTrust Cloud Key Manager. Using the Thales CipherTrust Data Security Gateway, consumers may produce and control encryption keys for data transferred to Google Confidential Cloud Computing.
• In November 2021, PrimeKey has collaborated with the Microsoft Intelligent Security Association to combine their solutions in order to protect against a growing number of cyber threats. Enterprise Java Beans Certificate Authority, a customised corporate PKI and certificate management system, that interfaces with Microsoft Intune as a part of Microsoft Endpoint Manager.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Public Key Infrastructure (PKI) Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Public Key Infrastructure (PKI) Market in terms of Component (Hardware Security Modules (HSM), Solutions, Services), By Deployment Mode (Cloud Based, On Premises), By Organization Size (Small and Medium Enterprises, Large Enterprises), By Vertical (BFSI, Government and Defence, IT and Telecom, Retail, Healthcare, Manufacturing, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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About FMI             

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

Contact:                        

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the global blue-light protection ingredients market is expected to grow at 8.3% CAGR during the forecast period between 2020 and 2030.Facial skincare continues to lead demand for blue light protection ingredients market, accounting for 40% of total demand, according to a latest study by Future Market Insights (FMI).

The study also finds that demand for organic blue light protection products are growing briskly, creating space for new market entrants. The new study tracks blue light protection ingredients consumption in over 20 countries, analyzing key prevailing factors in high-growth markets.

Demand for blue light protection ingredients remained subdued for a long time, owing to low awareness and scant research. However, in the last five years, growing body of evidence has linked excessive smartphone usage to a number of health issues. According to a new research report published by Harvard University in July, 2020, blue light suppresses melatonin twice as long as the green light along causing skin damage. As the proliferation of electronics with screens and energy-efficient lighting is increasing the exposure to blue wavelengths, consumers are looking at appropriate solutions.

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Key Takeaways

• Global blue light protection ingredient market to grow at 8% CAGR through 2030
• Solid/semi-solid ingredient demand higher than liquid ingredients
• Demand for organic variant increased to 36% of total consumption in 2020
• Germany, UK, France, Italy, and US among epicenters of global demand

“The increase in usage of electronic gadgets starting from smart phones to laptops is resulting in higher exposure of our skin to the blue lights emitted from these devices. For instance, according to the National Statistics of the United States, ~88% of people in the U.S use PC/laptop, while ~75% people use smartphones and this rate is expected to rise further through 2030. This increasing adoption of electronic gadgets is anticipated to further expand the global blue-light protection ingredients market in the near future,” says an FMI analyst.

COVID-19 Impact Analysis

The COVID-19 pandemic has resulted in decline in growth of the key end-use industries of the market such as cosmetics, skincare, and others. The outbreak of the pandemic has shifted the focus of the consumers towards more emergency services including health, wellness, and others.

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Furthermore, the manufacturing units have come across various hurdles such as scarcity of raw materials, unavailability of enough manpower, and others. As most of the manufacturing hubs were closed for long during the lock down, the growth of the market has declined substantially earlier this year.

However, with the commencement of vaccination and adoption of the ‘new-normal’, the market is expected to get back on track and expand further in the coming years.

Who is Winning?

The global blue-light protection ingredients market is getting stricter in terms of competition with the passing years. In order to leverage the new opportunities, the key market players are emphasizing on launching of more quality products.

For instance, BASF Group launched its new range of blue-light protection ingredients such as DN-Aura®, Neurobiox®, Phytosoothe®, and others which are inspired by plant defense strategies in the year 2019

RAHN AG launched its new extensive range of blue-light protection ingredients such as CELLIGENT®, MYRAMAZE®, and others in the year 2020

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Key Segments Form Type

• Solid/Semi-Solid
• Liquid

Nature

• Organic
• Conventional

Application

• Facial Skincare
• Facial Creams and Moisturizer
• Serums
• Facial Gels/Oils
• Others
• Body Care Products
• Cosmetic Products
• Foundations
• Primers and Concealers
• Others

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Middle East & Africa
• Oceania

About FMI:

Future Market Insights (ESOMAR certified 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:

Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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Total sales in the global pumps and trigger sprays market is expected to reach US$ 7 Bn in 2022, likely to surge at a vigorous 6.7% CAGR during the assessment period.

The report takes into consideration all the opportunities, challenges, drivers, Pump and Dispenser Market structures, and competitive landscape for the clients. This Pump and Dispenser Market research report highlights diverse segments of the market analysis that today’s business ask for. By utilizing few steps or a number of steps, the process of generating this market research report is started with the expert advice.

The global pump & dispenser market is stipulated to grow on the linear grounds between 2022 and 2030, reaching US$ 11 Bn by the year 2030 at a CAGR of 6.7%.

Favorable government policies and expansion of online presence by leading market players are enabling growth in the pump and dispenser market, finds Future Market Insights (FMI) in a new study. Demand for pumps and dispensers has surged considerably in the last few months and the trend is likely to continue through near-term assessment period in response to the increasing sales of hand washes and spray sanitizers amid COVID-19.

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Pump and dispensers are usually used in packaging products like creams, lotions, sauces, shampoo, chemical products, face wash, body washes, cleaning products, skin care products, shower gel, and others. They reduce the chances of product wastage while dispensing and can be reused, making them sustainable options. Increasing demand for pump and dispensers for packaging and skin care is expected to propel growth in the market.

Key Takeaways from Pump and Dispenser Market Report

• The pump and dispenser market is expected to grow at a CAGR of 4.3% between 2022-2030
• East Asia is predicted to dominate the market due to increasing demand for food packaging, cosmetics and pharmaceuticals. Rising government initiatives to improve manufacturing is also expected to contribute towards market growth
• Increasing sale of products on ecommerce websites has created lucrative opportunities for manufacturers
• Demand from cosmetics & personal care segment will continue rising through the forecast period
• Fluctuating raw material prices of high density polyethylene (HDPE) and polypropylene (PP) is expected to limit market growth

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“Consumers around the world are embracing packaging that offers superior functionality and dispensing solutions. This has been encouraging market players to focus on novel designs that offer better convenience and functionality while ensuring lesser wastage of products. For instance, Raepak and Aptar have developed a unique cap design that can measure the exact amount of liquid detergent dispensed in a single squirt,” says an analyst at FMI.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various industries including the pump and dispenser market. The lack of raw materials saw a decline in production. The market experienced a -0.4% CAGR during 2022. It is expected to rise at a moderate pace 2021 onwards due to increasing demand for soap dispensers and sanitizers due to hygiene concerns.

Who Is Winning?

Companies operating in the market are focusing on developing technology and creating innovations to improve the production process. Some are even adopting more sustainable methods by using recycled materials. In 2021, Silgan Dispensing launched products created using post-consumer recycled (PCR) plastic, in order to improve sustainability and create an eco-friendly initiative.

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Some of the key players in the pump and dispenser market are-

• Aptar Group, Inc.,
• Rieke Corporation,
• C.L. Smith Company,
• DARIN CO., Ltd.,
• Richmond Containers CTP Ltd.
• TAPLAST S.r.l.
• Frapak Packaging B.V.
• RAEPAK Ltd.
• PKP Plastic Products Inc.
• UNICOM International Ltd.
• Weltrade Pty Ltd.
• TYH Container Enterprise Co., Ltd.
• Zhejiang Sun-Rain Industrial Co., Ltd.
• ScopeNEXT Ltd.

Valuable Insights into The Pump and Dispenser Market Report

Future Market Insights (FMI) has presented a detailed analysis on the pump and dispenser market with the inclusion of an assessment for the years 2022-2030. The market has been divided into several segments in order to provide an insightful analysis.

On the basis of the product type, the market is divided into trigger pumps, lotion & cream pumps, mist spray pumps, bottle top, crimp dispenser, burette and others. Based on the application, the market is divided into body lotions, hand care lotions, reagents, perfumes & deodorants, liquid soap, shampoos & conditioners and others.

Key Segments Covered In Pump & Dispenser Industry Research

By Product Type :

• Trigger Pumps
• Lotion & Cream Pumps
• Mist Spray Pump
• Bottle Top
• Crimp Dispenser
• Burette
• Others

By Material Type :

• Plastic
• Polyethylene (PE)
• High – Density Polyethylene (HDPE)
• Low – Density Polyethylene (LDPE)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Others
• Metal
• Glass

By Application :

• Body Lotions
• Hand Care Lotions
• Reagents
• Perfumes & Deodorants
• Liquid Soap
• Shampoos & Conditioners
• Others

By End-use :

• Cosmetics & Personal Care
• Homecare
• Pharmaceutical
• Chemicals & Fertilizers
• Laboratories
• Automotive
• Others

By Region :

• North America Pump & Dispenser Market
• Latin America Pump & Dispenser Market
• Europe Pump & Dispenser Market
• East Asia Pump & Dispenser Market
• South Asia Pump & Dispenser Market
• Oceania Pump & Dispenser Market
• Middle East & Africa (MEA) Pump & Dispenser Market

About FMI:

Future Market Insights (ESOMAR certified 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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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The global desert air cooler market valuation is set to reach US$ 560.1 Mn in 2022. Increasing demand for centralized cooling systems is expected to drive sales at a robust 9.2% CAGR, with the market size topping US$ 1346.9 Mn in 2032.
Surging construction in the residential sector and the rising demand for multi-functional appliances are creating lucrative growth prospects for desert air cooler market, finds Future Market Insights (FMI). Desert air coolers are energy efficient, they reduce carbon footprint, and are pollutant free. They also consume less electricity and therefore make for a cost efficient option.

Desert air coolers, also known as evaporative air coolers use the phenomenon of evaporation to reduce temperature in the surrounding area. Increasing technological advancements and rising disposable income are a few factors favoring the expansion of the market.

When compared to evaporative air coolers, traditional conditioners are far costlier in terms of maintenance and require higher energy. Evaporative air cooler especially the portable ones are currently enjoying the spotlight because they are easy to transport and offer greater convenience and efficiency.

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Key Takeaways from Desert Air Cooler Market Report:

• The desert air cooler market is expected to rise at a CAGR of 9.2% during the period of 2022-2030
• The market is predicted to reach a value of US$ 1346.9 Mn  by the end of the forecast period
• Favorable geographical conditions and willingness among consumers to spend on multi-functional appliances are favoring growth in East Asia and South Asia
• The 50-60 Lt desert air coolers are gaining traction due to their greater lifecycle.
• Evaporative air cooler residential models are in high demand and will continue being a top choice among consumers through the forecast period
• Mini desert air coolers are popular in the market due to their convenient and suitable features.

“Thanks to soaring environmental concerns, consumers are rendered conscientious. Leading brands are therefore focusing on offering innovations to increase energy efficiency of their products. Besides this, they are focusing on improving their online presence to gain competitive advantage,” said a lead analyst at FMI.

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COVID-19 Impact Analysis

The COVID-19 pandemic severely affected all sectors, including the desert air coolers market. Bans imposed on travel and transport had disrupted the sourcing of raw materials, bringing production to a halt. The implementation of lockdowns in several countries during the summer decreased sale of commercial air coolers.

Decline in sales caused the price of desert air cooler prices to increase. While the market hit a low in 2020, it is expected to recover and grow at a steady pace due to increasing concerns regarding the environment once the coronavirus passes.

Who Is Winning?

Key players in the market are now focusing on introducing intelligent technologies in commercial air coolers to increase their convenience. Artificial Intelligence is being incorporated to increase efficiency and improve energy conservation. The introduction of multifunctional air coolers have bode well for the market since they perform better than a cooler, a fan, or a humidifier.

Some of the key players in the market are Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Delta Cooling Tower Inc., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.

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Desert air cooler Market by Category

Water Capacity:

• 30-40 Lt
• 40-50 Lt
• 50-60 Lt
• 60-70 Lt
• 70 Lt and Above

Price:

• Premium
• Mid-Range
• Economy

Application:

• Indoor
• Outdoor

End Use:

• Residential
• Commercial
  • Enterprises/Offices
  • Hotels/Restaurants
  • Schools/Universities
  • Retail

Sales Channel:

• Wholesale/Distributors
• Hypermarkets/Supermarkets
• Specialty Stores
• Multi-Brand Stores
• Online Retailers

Region:

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

About FMI:

Future Market Insights (ESOMAR certified 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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global sun care products market is forecast to reach a valuation of US$ 1.3 Bn in 2022. Increasing expenditure on personal care and beauty products across the globe will boost sales at a 6.9% CAGR, with the total valuation reaching US$ 2.6 Bn by 2032.

FMI analysts opine that organic – which has made deep inroads into many F&B and cosmetics categories – is also making a mark in the sun care products landscape, with many consumers diligently checking labeling to know the ingredients.

The market has witnessed steady growth in the past few years, especially on the account of active ingredient incorporation, and the development of multifunctional formulations, which not only protect the user from the sun, but also provide skin lightening and anti-aging characteristics, which are also likely to boost growth.

Nanoparticles such as zinc oxide and titanium dioxide are finding application in sun care product formulations, enabling uniform application, lower residue and higher product efficacy, which is considered to help in popularity of these products among potential buyers.

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Strict regulations associated with ingredients and labeling in the North American and European industries, coupled with lower awareness about the risks of sunlight exposure in rural areas and developing countries are key challenges for market players.

FMI’s report offers an exhaustive overview, covering key market dynamics. Some of the takeaways from the report include,

• Market valued at valuation of US$ 1.3 Bn in 2022, with demand slowing down during the coronavirus pandemic
• Sun care creams expected to remain highly sought-after on the back of easier application, and potential for optimized skin nutrition profiles
• Sales of sun care products higher in women as compared to men
• US and EU4 key to growth. However, many countries in Asia Pacific are displaying highly lucrative opportunities for manufacturers for geographical expansion.

“Manufacturers have transitioned to natural and organic ingredients to appeal to new consumer demographics. In addition, the extraction of natural ingredients provides better margins through cheaper raw materials,” said a lead analyst at FMI.

Covid-19 Impact on Sun Care Products Market

The global personal care and cosmetic industry has felt a substantial impact of the coronavirus crisis. Sales in the first half of 2020 have been largely weak. In addition, the large number of retail store closures have also affected the market.

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Consumer priorities to spend discretionary income on essential commodities, coupled with the reduction in travel and outdoor recreational activities during the crisis are likely to hold back sales.

On the other hand, online sales of sun care products will witness strong growth, partially offsetting losses incurred by in-store sales.

Recovery of conventional sales and distribution is likely to be gradual. Market players are pushing for changes in promotion including significant discounts to move unsold seasonal inventory in the near term.

Who is Winning?

In its study, FMI has scrutinized the different strategies deployed my major companies participating in the sun care products market. Leading market players are focused on the development of novel formulations and strategic geographical and capacity expansion with acquisitions being a major area of focus.

Some of the key players in the market include Johnson & Johnson, Shiseido Company Limited, Beiersdorf AG, Loreal SA, The Procter & Gamble Company, Unilever, The Estee Lauder Companies Inc., Lotus Herbal Pvt. Ltd., Avon Products Inc., and Bayer AG, among others.

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Sun Care Products Market by Category

Product Type:

• Creams
• Lotions, Gels & Oils
• Others

Nature:

• Organic
• Conventional

End User:

• Male
• Female
• Kids

Sales Channel:

• Wholesalers and Distributors
• Online Retailers
• Hypermarkets and Supermarkets
• Pharmacy Stores
• Specialty Stores
• Convenience Stores

Region:

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

About FMI:

Future Market Insights (ESOMAR certified 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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs