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IT Asset Disposition Market is anticipated to reach US$ 31.8 Billion in 2032

According to a recent study done by Future Market Insights, the IT asset disposition market is expected to reach US$ 31.8 Billion by 2032, up from US$ 15.6 Billion in 2022, expanding at a high CAGR of 7.4%. This study explains that factors such as the strict data security compliance with environmental regulations, need to store assets in inventory for remarketing, the need to maximize asset value recovery, and the growing usage of electronic devices such as mobiles, laptops, and tablets for enterprise usage are expected to accelerate the market growth during the forecast period.

The major factor that is expected to propel the growth of the IT Asset Disposition Market during the forecast period includes the awareness of conserving the environment. In addition, the IT asset disposition market has been witnessing significant growth over the past years, mainly owing to regulatory compliances, and the growing need to prevent data breaches.

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The market is further driven by the vast amounts of e-waste, the need for safe methods of disposing of e-waste, and environmental policies which are followed by industries. The surging adoption of new technologies and BYOD trend is also expected to considerably boost the IT asset disposition market in the coming years. Moreover, the increase in need for data and information security in old assets acts as one of the major factors fueling the growth of IT asset disposition market during the forecast period.

Key Takeaways from the Market Study

Global IT asset disposition market to be valued at US$ 15.6 Bn by 2022-end
The U.S to account for the highest value share of US$ 11.4 Bn of global market demand for IT Asset Disposition Market in 2032
From 2015 to 2021, IT Asset Disposition demand expanded at a CAGR of 8.1%
By asset type, the servers category constitutes the bulk of IT asset disposition market with a CAGR of 7.1%.

Competitive Landscape

Players in the global IT Asset Disposition Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In August 2020, CompuCom (US) and Office Depot (US) partnered to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces. Companies with between 50 and 1,500 users can access a range of services, including remote IT support, on-site hardware and software repair, and eco-friendly disposal of IT equipment.
In February 2020, Dell Technologies (US) entered an agreement with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and AlpInvest Partners (AlpInvest) to acquire RSA. RSA provides risk, security, and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.
In July 2019, TES (Singapore) acquired Integrations et Services (I&S) (France), a leading provider of configuration to order, staging, and IT deployment services across France and mainland Europe, to deliver integrated end-to-end IT lifecycle solutions while also helping its clients manage the complexities and risks that are inherent in them.

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Know More About What the IT Asset Disposition Market Repost Covers

Future Market Insights offers an unbiased analysis of the global IT Asset Disposition Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered in the IT Asset Disposition Market Study

IT Asset Disposition by Service

IT Asset De-Manufacturing and Recycling
IT Asset Remarketing and Value Recovery
IT Asset Data Destruction/Data Sanitization
IT Asset Logistics Management and Reverse Logistics
Other Services

IT Asset Disposition by Asset Type

Computers/Laptops Disposition
Servers Disposition
Mobile Devices Disposition
Storage Devices Disposition
Peripherals Disposition

IT Asset Disposition by Organization Size

IT Asset Disposition for SMEs
IT Asset Disposition for Large Enterprise

IT Asset Disposition by End User

IT Asset Disposition in Banking, Financial Services, and Insurance (BFSI)
IT Asset Disposition in IT and Telecom
IT Asset Disposition in Educational Institutions
IT Asset Disposition in Healthcare Industry
IT Asset Disposition in Aerospace and Defense
IT Asset Disposition in Public Sector and Government Offices
IT Asset Disposition in Manufacturing
IT Asset Disposition in Media and Entertainment
IT Asset Disposition in Other Industries

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IT Asset Disposition by Region

North America IT Asset Disposition Market
Latin America IT Asset Disposition Market
Europe IT Asset Disposition Market
Asia Pacific IT Asset Disposition Market
Middle East and Africa IT Asset Disposition Market

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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.

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Data Center Market is expected to accumulate a market value of US$ 209.8 Billion

Services by data centers have become highly sought-after, especially as organizations around the world generate staggering volume of data on a daily basis. Future Market Insights (FMI) sees this as a key driver of the data center market, whose valuation is expected to reach US$ 103.05 Bn by 2021.

The global data center market garnered a market value of US$ 101.79 Billion in 2022 and is expected to accumulate a market value of US$ 209.8 Billion by registering a CAGR of 7.5% in the forecast period 2022-2032.

Growth of the data center market can be attributed to exponential rise in data consumption and data generation by organizations across various industries. The market for data center registered a CAGR of 5.5% in the historical period 2017-2021.

Technology is rapidly changing the economic landscape and creating several new opportunities for organizations to consider how they can expand their IT solutions to capitalize on emerging markets. Growing penetration of digital services across several industry verticals has resulted in the increased demand for data centers for storage, computing, and network management. This, in turn, will drive the demand for data centers.

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Companies have already started investing heavily in the construction of new data centers and retrofitting existing facilities to incorporate the latest industry standards. This is expected to create attractive opportunities for growth in the near future.

The global data center market is estimated to register a CAGR of 7.4% during the forecast period of 2021-2031. FMI has forecast the IT & Telecom industry to emerge as a key end user, which is expected to account for 46.3% of the global market in 2021. However, the media & entertainment industry is expected to register growth at a higher CAGR over the forecast period.

Key Takeaways: Data Center Market

Data center market is forecast to exhibit 5.3% Y-o-Y growth in 2021
The U.S. is one of the early adopters of latest technology and is expected to remain a highly lucrative market for data centers. It is expected to hold nearly 81.6% of the North America market in 2021
U.K. will exhibit high demand for data center. The U.K. market is expected to register 8.4% Y-o-Y growth in 2021
Germany and France will exhibit high demand. Of these, Germany is expected to account for lion’s share in Europe market
While Japan and South Korea will remain lucrative pockets, China is projected to continue leading the data center market in East Asia

Data Center Market Gaining from Digital Transformation Amid Pandemic

The health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic —particularly when it comes to delivering data. IT operations associated with data centres got drastically disrupted during this pandemic. Physically moving servers, closing buildings and opening a new space, is massively more complicated in the Covid-19 world.

However, the pandemic has pushed almost every major organization towards a path to digital transformation, as the surge in remote working calls for rapid mobilization of cloud computing to cope with a rise in demand for data. Countries have experienced exponential growth in data demand. The pandemic has underscored the importance of digital technology and data centers and has increased the adoption of data centers during the pandemic. It is also expected to witness significant growth during and post-pandemic era.

Increasing Adoption of Modular Data Centers

One of the key features of a modular data center is the ease of deployment and portability offered by it. As the product is a compilation of already prepared prefabricated modules, the speed of deployment and an option of portability has been the primary factor proliferating the demand for the same. Moreover, the compact size of modular data centers, compliments the aforementioned factors.

The introduction of micro-modular data centers and containerized modular data centers, i.e. an integration of IT infrastructure, power module and cooling solutions into one container, is also boosting the modular data centers market in various regions due to space constraints in these regions.

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Who is Winning?

Some of the leading companies operating in the data centers market are IBM Corporation, Cisco System, Inc., HPE, Dell Technologies, Hitachi Ltd, NTT Communications, Schneider Electric, Comarch SA, ABB, and Huawei Technologies Co., Ltd. Companies operating in this market are focusing on various strategies to gain competitive advantage and expand their footprint.

For instance:

In November 2020, South Korea’s KT finished the construction of Seoul’s largest hyperscape data center
In December 2020, it was announced by the U.S. government that it plans to invest US$300 Mn in Liquid Telecom’s Africa Data Centres (ADC) to fund expansion in Kenya and South Africa
NIT has opened its London data center in 2020 as a part of a whopping £500 Mn investment plan

Key Segments Covered of the Data center Market

Component

Hardware
- Data Center Power Systems
- Data Center Racks
- Data Center Servers
- Data Center Networking Devices
- Others
Software
Service
- Professional Services
- Managed Services

Data Center Size

Small Data Center
Mid-Sized Data Center
Large Data Center

Industry

IT & Telecom
BFSI
Manufacturing
Healthcare
Media & Entertainment
Others

Region

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

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Dental Burs Market | MANI INC., SHOFU Inc., Bresseler USA, Golden Star Medical Co Ltd | By 2032

With an anticipated market value of over US$ 139.2 Million as of 2022, the Dental Burs Market size is expected to experience a significant CAGR growth value of about 7.8% from 2022 to 2032, reaching an estimated market value of US$ 295.6 Million in 2032. Specialty clinics will account for a significant 40.1% of the end-user sector of the global market in 2021, according to forecasts from Future Market Insights.

Over the last two decades, the frequency of dental disorders such as gum disease, dental crack, periodontal disease, and dental cavities has been on the rise. This is expected to boost the worldwide dental burs market.

Dentin removal, cutting hard tissues, implantology, cavity preparation and other procedures need the use of dental burs, which are frequently made of stainless steel, tungsten carbide, and diamond grit. The most common and preventable dental condition is dental caries. This factor is associated with changing lifestyles as well as individual eating habits. High dietary intake of sugars has pushed the demand for dental hygiene and assessment procedures. Growing awareness regarding oral hygiene and rising disposable incomes have propelled the demand for dental burs.

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Dental tourism has grown in popularity in recent years in the dental burs market, particularly among developing economies, with the most compelling aspect being the cost savings related to reduced dental treatments. The reduced waiting time for people seeking aesthetic dental procedures is another element that has led to dental tourism.

Key players within the market space have associated cooperative activities to enhance their existing product portfolio. Integration of digitally enhanced systems for design such as CAD/CAM has encouraged the development of medical and dental prosthetics, including implants.

Largely, the high prevalence of the geriatric age group and oral complications associated with age has further influenced the sales volume growth of dental burs. Manufacturers have also presented alterations with respect to the packaging of single-unit dental bur products to further promote the prevention of contamination. Emerging out-of-pocket investment by individuals for cosmetic dental procedures has also provided a boost in the demand for dental burs.

Chronic diseases such as diabetes pose a threat to periodontitis. Management of these patients with oral hygiene techniques is another aspect posing as a potential driver for the sales growth of the dental burs market.

Rising activities related to the production of a novel, patented or personalized product designs combined with technology transfer activities within key players will reduce procedural times, thus enhancing treatment outcomes.

The dental burs market is thus set to pose a lucrative growth over the forecasted period of 2022 to 2032, owing to the rising burden of oral diseases, combined with altering lifestyle and dietary changes, as well as new technological advancements in dental procedures.

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Key Takeaways from Market Study

Ball burs as a shape segment are expected to hold over 26.8% market value share by the end of 2032 and are expected to display a CAGR growth of 9.4% over the forecast period.
Specialty clinics hold a higher end-user segment share in terms of the market share value of 40.1% in 2021.
Cavity fillings as applications are expected to hold over 32.2% market value share by the end of 2032 and are expected to display a CAGR growth of 7.9% over the forecast period.
North America is slated to be the largest leading region with a value share of 33.4% at the end of the forecast period, due to increased awareness about dental hygiene, increased R&D activity to create innovative dental burs, and the presence of significant companies operating in the area.

“An increase in public awareness about oral hygiene in order to reduce the incidence of dental disorders, as well as government initiatives to manufacture various dental equipment is are set to boost the sales of dental burs market,” says an analyst of Future Market Insights.

Market Competition:

The market for dental burs observes several activities which include technology integration into an existing product, manufacture of new computer-assisted design instrument, and acquisitions to expand product range and adoption rate.

Key Companies Profiles in the Study are –

MANI, INC.
SHOFU Inc.
Bresseler USA
Golden Star Medical Co Ltd
3M
Prima Dental Manufacturing Ltd
Shinwon Dental Co Ltd
Shenzhen Feihuan Medical Instruments Co Ltd
Shenzhen Rogin Medical Co. Ltd
Spiral Tools Pvt. Ltd
Tri Hawk, Inc.
3 Shape
Dentsply Sirona
Zimmer Biomet

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Key Market Segments Covered in Dental Burs Industry Research

By Shape:

Ball burs
Cylindrical burs
Conical burs
Inverted Cone burs
Flame burs
Wheel burs
Others

By Application:

Cavity Fillings
Root Canal Procedures
Dental Implants
Others

By End-User:

Hospitals
Speciality Clinics
Academic & Research Institutes

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Smart Home Devices Market exhibit a revenue growth of US$ 300 Bn by 2033

smart home devices market : smart home devices sales is expected to grow at a healthy CAGR of over 18% during the study forecast period 2021-2031, despite a period of less growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights. The research study tracks smart devices sales in 20+ countries, offering a lucid analysis on how growth trend will unfold.

FMI in its latest study has forecast the market to rise at a CAGR of 18.7% between 2021 and 2031. In terms of product type, entertainment & other controls is expected to hold a noteworthy revenue share, as entertainment & other controls has gained a significant millennial attention in the past few years. Other smart home devices like fitness tracker, smart sensors etc. have also gained popularity as these are also classified as the smart devices.

In addition, smart home device manufacturers are ensuring that their products and services are compatible with Amazon, Google, Samsung, and Apple platforms in order to reach the largest possible audience.

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Key Takeaways from the smart home devices Market Study

Driven by increasing demand for connected devices, the global smart home devices market is poised to reach US$ 42 Bn by 2021
As an early adopter, the U.S. will emerge as a key market, accounting for over 17% of global sales of smart home devices
Backed by high spending power of consumers, the U.K. market will exhibit an impressive y-o-y growth at a little above 17%
Germany and France will continue exhibiting high demand for smart home devices in Europe
Japan will remain a lucrative market in East Asia besides China

Green Building Initiatives Paving Way for Growth

Green building initiatives undertaken by several countries around the world have been creating lucrative growth opportunities.For instance, in India the government is providing certain incentives to IGBC which is a council in India implementing certain initiatives to build sustainable and eco-friendly buildings.

These initiatives have played a major role in Kohinoor Hospital in Mumbai, which is a remarkable example of the green building initiative. The hospital is Asia’s first Platinum-rated LEED-certified green hospital. Patients can enjoy improved care while paying lesser as the building is designed to save money on power and water. In the coming years, this initiative will aid in the creation of significant opportunities for the smart home technologies.

Who is winning?

Some of the key players present in the smart home device market are Samsung electronics Co. Ltd, LG Electronics, Siemens AG, Samsung electronics Co. Ltd, Honeywell International Inc., Schneider Electric, Koninklijke Philips N. V, Amazon.com Inc., Robert Bosch GmbH, Apple Inc., Nest Labs, UNITED TECHNOLOGIES, Panasonic Corporation, Sony Corporation, and Midea Group among others. Extensive discount are often offered to driven a desire among end consumers to adopt products embedded with smart technologies.

Get Valuable Insights into Smart Home Device Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global smart home device market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the smart home device market based on the product type (Lighting control security and access control, HVAC control, entertainment and other controls), Price Range (Below US$ 25, US$ 25-35 and Above US$ 35), Sales Channel (Direct Sales, Mono Brand, Supermarket/Hypermarket, Department Stores, Specialty Stores, Online Retailers and other sales channel) across seven major regions.

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Smart Home Devices Market by CategoryProduct Type

Security Lighting Control Smart Home Device
Access Control Smart Home Device
HVAC Control Smart Home Device
Entertainment and Other Control Smart Home Device
Kitchen & Home Appliances
Healthcare Smart Devices

Price Range

Below US$ 25 Smart Home Device
US$ 25-35 Smart Home Device
Above US$ 35 Smart Home Device

Sales Channel

Direct Sales
Mono Brands
Supermarkets/Hypermarkets
Department Stores
Specialty Stores
Online Retailers
Other Sales Channel

Region

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

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Access Control Market is expected to reach US$ 50.4 Bn by 2031

The reception of access control frameworks in different industry verticals is relied upon to push the market. Data and information security is turning into a main concern for modern associations to get their data and other computerized resources from dangers.

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The COVID-19 pandemic has affected each area with social separating standards pushing associations towards digitalization to guarantee information and resource wellbeing. Organizations that put resources into advanced change drives in the past have ended up being stronger during the emergency. The flare-up of the Coronavirus infection has introduced a test to networks and organizations, where the utilization of actual security frameworks has become in excess of a way to forestall crime.

The worldwide security industry has quickly changed with the appearance of distributed computing and remote access offices, which is probably going to fuel interest for access control arrangements before long. Access control deals are assessed to ascend at a 12.6% CAGR somewhere in the range of 2021 and 2031 in contrast with the 8.1% CAGR enlisted during 2016-2020.

With fast advancement in distributed computing and access control, the security and controls market has changed, in contrast with the earlier decade. Arising cloud-based advances give web-and cloud-based answers for cost-viability, ongoing investigation, simple admittance to information, incorporation with different frameworks and programming, sharing of information inside and remotely, versatility, and adaptability.

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Key Takeaways from the Access Control Market Study

Iris acknowledgment access control frameworks will observer the most noteworthy development rate at more than 16%, inferable from interests into new biometric security arrangements through 2031.
The medical services area is expected to catch the biggest portion of 19.8% in 2021, upheld by security worries in medical care offices related with the utilization of EMR.
The U.S. will stay prevailing in North America with a 84.5% offer in 2021, upheld by quicker admittance to tech improvements in end use verticals.
The market in Japan is relied upon to advance at a significant CAGR of near 17% through 2031, upheld by a tech-driven economy.
In the U.K., deals are relied upon to increment at a CAGR of over 15% over the course of the following ten years, driven by positive government ventures and strategies.

Competitive Landscape

Key vendors of access control solutions are focusing on evolving their existing product and service portfolio. Some major players are Identiv, Honeywell International Inc., NEC Corporation, Johnson Controls, Bosch Security and Safety Systems, Assa Abloy AB, Thales Group, STANLEY Convergent Security Solutions, Inc., 3M, Secom Co., Ltd., Dormakaba Holding AG, HID Global, Matrix Comsec Pvt. Ltd., Paxton Access Ltd., BioEnable Technologies Pvt Ltd., Spectra Technovision (India) Pvt. Ltd., ZKTeco India, Intellicon Private.

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Digital Commerce Platform Market is projected to surge from a valuation of US$ 3.41 Bn in 2022 to US$ 7.85 Bn by 2029

The Digital Commerce Platform Market growing at an exceptional CAGR of 12.6% during the forecast period 2022-2029, with a valuation of US$ 7.85 Bn by 2029. Over the years, e-commerce has made significant strides, with consumers spending over US$ 3 trillion on online purchases as of the previous financial year.

This number has expanded nearly sevenfold as of today. This is a welcome development for prominent digital solution platform providers in the coming years. Of specific importance is the emergence of subscription-based e-commerce platforms, particularly in the media & entertainment segment, is generating lucrative expansion opportunities.

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Key Takeaways

Design & implementation services to register maximum incline by component type
High uptake is likely across small & medium enterprises, expanding at over 14% volume CAGR through 2029
Consumer electronics sales to witness maximum expansion, followed by fashion & apparel products
North America to remain the dominant digital commerce market, East Asia to expand the fastest

COVID-19 Impact Analysis

As the COVID-19 pandemic tightens its grip on the global economy, businesses are increasingly relying on virtual platforms to conduct their operations. Since the pandemic’s onset, global e-commerce sales figures have been aggrandized. The United States, for instance, is likely to experience over 40% e-commerce by 2020-end.

The overall impact of the pandemic crisis is highly diffused. While categories such as ICT/electronics, pharmaceuticals, PPE and groceries have surged, segments such as sports equipment, formal clothing and travel & tourism have witnessed a substantial decline. In South Korea, e-commerce transaction value rose by nearly 16% between July 2019 and July 2020.

The trend of online buying is expected to outlast the COVID-19 pandemic, with consumers finding it highly convenient to make online purchases and greater access to internet devices. Although vaccine administration has begun, it will be a while before it is available globally, prompting consumers to observe social distancing protocols.

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Competitive Landscape

Leading players in the global digital commerce platforms market are leveraging the ever expanding global virtual space to introduce technologically sophisticated solutions to potential clients. These players offer both B2B and B2C solutions to retain a broader customer base.

For instance, in July 2020, Unilog Content Solutions announced a partnership with Acumatica to offer the Acumatica Marketplace platform through which reselling partners can avail access to complimentary applications to enhance functionality of B2B e-Commerce solutions.

Similarly, in October 2020, Kentico Software launched the Kentico Xperience 13 digital experience platform for marketers and developers with new updates and features. The release is part and parcel of its rebranding of the Kentico EMS product to enhance content management, commerce and digital marketing capabilities.

More Valuable Insights on Digital Commerce Platform Market

In its latest report, Future Market Insights offers an unbiased analysis of the global digital commerce platform market, providing historical data for period of 2014-2018 and forecast statistics for the period of 2022-2029.

To understand opportunities in the digital commerce platform market, the market is segmented on the basis of component (solution, services), enterprise size (small and medium enterprises, large enterprises), and end-use industry (food & beverages, fashion & apparel, health & beauty, electronics, home & furniture, automotive, media & entertainment, others), across seven major regions.

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Contract Lifecycle Management Market is expected to reach ~US$ 2,413.9 Mn by 2029

The market for contract lifecycle management is anticipated to reach $2,413.9 million in US dollars by 2029, expanding at a CAGR of 12.2% from 2022 to 2029. According to the report, the contract lifecycle management industry will rise through 2029 as a result of a greater emphasis on risk assessment, trend forecasting, and client behaviour analysis.

Integration of advanced technologies such as artificial intelligence, machine learning, IoT and others will also continue to fuel the sales of contract lifecycle management solutions. Furthermore, the ability of these solutions to focus on compliance of rules & regulations will boost the demand of contract lifecycle management solutions in 2023 and beyond.

Digitization of industries across the globe is increasing and companies are moving from traditional manufacturing to digital manufacturing and adopting advanced technologies. With rapid adoption of advanced technologies, sales of contract lifecycle management solutions is set for a massive upswing over the next decade.

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According to the FMI report, the usage of contract lifecycle management solutions for procurement business functions is poised to offer a total incremental opportunity worth over ~ US$ 2413.9 Mn during the forecast period of 2022 to 2029.

The software segment in contract lifecycle management market continues to steal the spotlight throughout the forecast period, unveils the contract lifecycle management market research study. Revenue generated by professional services is to increase in the regions where there is high usage of contract lifecycle management solutions. Demand for professional services will majorly be driven by the increasing requirement for risk & compliance assessment and implementation & integration services offered under this segment.

Contract Lifecycle Management Market Players to Double their Investments in Europe & East Asia

Rapid developments in new technologies such as hybrid cloud based contract lifecycle management solutions, have made access to new markets easier and cost-effective. With the help of such contract lifecycle management solutions, one can manage contracts in real time, providing more visibility, choice, and control over cloud, electronic repository, and other infrastructure, finds the report.

Hence, through the flexibility offered by such technologies, established and growing vendors of contract lifecycle management software can take the advantage of the booming opportunities in regions such as Europe and East Asia.

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Moreover, economic growth of developing countries, such as Germany, France, China and India, is complemented by the declining prices of enterprise applications and contract lifecycle management solutions in these regions. Thus, according to the study the leading players of contract lifecycle management market will double their investments in these regions.

FMI’s business intelligence also highlights the trend setting insights into the competitive scenario of contract lifecycle management market along with differential strategies followed by the solution providers. Leading players in the contract lifecycle management market are providing cloud based solutions integrated with advanced technologies, as cloud based contract lifecycle management solution makes it an ideal, paper-less way to share all the contracts with only the people they deem necessary.

For instance, in May 2018, Apttus launched Apttus Omni, a contract lifecycle management solution that can benefit business outcomes for enterprises by improving the efficiency of revenue, contract and procurement operations across legal, sales, finance, operations, and other functional groups.

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Competitive Landscape

Contract lifecycle management key providers have focuses on acquiring companies, which serve as catalysts to organic growth by adding complementary technology, expanding served market, and help in enhancing domain expertise or market access. Through this business strategy, the key providers serve to expand its market and to strengthen its competitive differentiations.

Coupa Software Inc. (Exari)
Infor
Newgen Software Technologies Limited
SAP SE
Infosys Limited
Information Services Group, Inc.
Model N, Inc.
Synertrade (Econocom Group)

Contract Lifecycle Management Market Outlook By CategoryBy Solution, Contract Lifecycle Management Market is segmented as:

Contract Lifecycle Management Software
Contract Lifecycle Management Services

By Business Function, Contract Lifecycle Management Market is segmented as:

Legal
Finance
Procurement
Sales
Operations
Human Resource
Information Technology

By Industry, Contract Lifecycle Management Market is segmented as:

BFSI
IT & Telecom
Government & Public Sector
Energy & Utilities
Manufacturing
Healthcare & Pharma
Life Sciences
Retail
Real Estate
Others

By Region, Contract Lifecycle Management Market is segmented as:

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

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Consumer Electronics Market is increase in demand for smart and connected devices-FMI

The global consumer electronics market is estimated to expand at a expanding at 5.6% CAGR, total revenue is anticipated to reach US$ 17 Bn by 2031

“Global consumer electronics market growth is mainly driven by increasing disposable income, expanding urban population, growing internet penetration and availability of strong distribution network. Moreover, increasing adoption of smartphones in the Asia Pacific region, especially in the populous countries of China and India is supporting the growth of global consumer electronics market,” FMI Analyst.

The segment for consumer electronics devices is further broken down into the following sub-segments: smartphone, feature phone, tablet, smart TV, other TV, set-top box, personal computer, digital camcorder & camera, digital media adapter, digital video recorder (DVR), game console, printer, and other consumer electronics device.

With a market share of over 25%, the smartphone sub-segment outperformed all the others in terms of revenue contribution to the consumer electronics device segment.

Additionally, the sub-segment for smartphones is predicted to have the fastest CAGR of over 20%. However, due to consumers switching from feature phones to smartphones, the feature phone sub-segment is likely to experience negative CAGR throughout the projected period. Tablets and smartphones have emerged as competitive alternatives to game consoles, putting a strain on the game console sub-segment.

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The smart home device segment is further divided into smart kitchen appliance and security & HVAC system, while the wearable device segment includes smart accessory and other wearable devices.

The consumer electronics market is divided into seven regions, including North America, Latin America, Western and Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, the Middle East and Africa (MEA), and North America. APEJ and North America dominated all other regions, accounting for more than 40% of the global consumer electronics market in 2014.

Furthermore, the APEJ consumer electronics market is anticipated to experience the fastest CAGR during the forecast period.

In terms of revenue CAGR, Eastern Europe and Latin America are the other appealing regional markets. This expansion is credited to rising disposable income and

Completive Analysis

Major players in the global consumer electronics market continue to innovate by including advanced features into consumer electronic devices. Additionally, major participants such as Apple Inc. and Samsung Electronics Co. Ltd. have been focusing on operational expansion in order to gain competitive advantage. Key players included in global consumer electronics market are Apple Inc., Samsung Electronics Co. Ltd., HP Inc., LG Electronics Inc., Sony Corporation, Toshiba Corporation, Panasonic Corporation and Hitachi Ltd.

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Consumer Electronics Market Key Segments

Product

Consumer Electronic Devices
- Digital Camcorder/DVR and Camera
- Smart Phones/Feature Phones & Tablets
- Smart TV
- Printers/ Set Top Box
- Personal Computers & Gaming Consoles
Wearable Devices
- Smart Accessories
- Other Wearable Devices
Smart Home Devices
- Securities & HVAC Systems
- Smart Kitchen Appliances

Sales Channel

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Online Retailers
Wholesalers & Distributors
Other Sales Channel

Region

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

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Dental Autoclaves Market is projected to reach US$ 487.6 Mn by 2032 at a 5.3% CAGR

By the end of 2032, the Dental Autoclaves Market is anticipated to reach US$ 487.6 Mn, with sales rising at a 5.3% CAGR.

The global dental autoclaves market was valued at US$ 277.4 Mn in 2021 and is expected to exhibit a CAGR of close to 5.3% over the forecast period. Equipment sterilization and management is an important aspect of any clinical setting. Dental instruments with reusable properties require good sterilization practices. Prevention of contamination from patient to provider or provider to patient, or patient to patient is essential. In healthcare facilities, dental infection proliferation and spread is controlled through extensive sterilization processes which include steam and vacuum processes of dental equipment and instruments via dental autoclave systems.

Growth in the dental autoclaves market is associated with rising burden of dental diseases, owing to the changing lifestyle habits as well as dietary changes among individuals. Moreover, high prevalence of general dental ailments, such as dental caries or malocclusion are propelling the adoption of routine dental procedures, such as dental scraping.

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With advancements in medical device manufacturing integrated digital systems, dental autoclaves devices enable safe and time-efficient process of sterilization. These systems are capable of providing sterilization data with each cycle, and hence improve the efficacy of dental autoclave systems.

Increasing preference for cosmetic dentistry procedures is expected to create opportunities for growth in the market. With seemingly novel and non-interactive instrument composition, such as with stainless steel and nickel-titanium, the process of steam and vacuum sterilization presents an opportunistic approach in terms of instrument and material integrity, as the instruments have a certain heat-based resistance during the autoclave cycle.

Reduced process timings, better visualization of sterilization data, and the cost-effectiveness of autoclaving systems will continue pushing sales in the market over the forecast period.

“Favorable patient reimbursement policies in developed economies, along with surging demand for fully automated sterilizers will provide an impetus to sales of dental autoclaves worldwide,” says an FMI analyst.

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Key Takeaways:

By product type, the fully automated sterilizers segment will account for 46% of the total market share by 2032, with demand growing at a 5.9% CAGR.
In terms of modality, total sales of table-top modalities of dental autoclaves held a dominant market share value of 65.9% in 2021. Sales in this segment are projected to increase at a 5.5% CAGR.
By loading, demand for front loading dental autoclaves is expected to grow at a CAGR of 5.5% over the forecast period.
Based on end user, the office based dental clinics will account for 37.4% of the total market share in 2022.
Sales in the U.S. are estimated to account for 81.8% of the North America dental autoclave market share in 2022.
Demand in the U.K. is projected to increase at a 5.5% CAGR, accounting for a lion’s share of the Europe dental autoclaves market over the forecast period.
China will emerge as lucrative pocket in the East Asia dental autoclaves market, with sales growing at a robust 10.8% CAGR through 2032.

Competition Landscape

Leading players operating in the global dental autoclaves market are focusing on the introduction of novel or technologically advanced products to gain a competitive edge in the market. For instance:

In October 2021, Euronda obtained its Medical Device Registration (MDR) certification and became one of the first Italian companies with MDR certification for all its medical devices.
In March 2021, Mocom announced the opening of its new showroom and training centre headquarters including autoclaves, ultrasound tanks, thermal sealers and thermal disinfectors in Imola.

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Key Market Segments Covered in Dental Autoclaves Industry Research

By Product:

Steam Autoclave Sterilizers
Electric Sterilizers
Fully Automated Sterilizers

By Modality:

Table-top
Portable

By Loading:

Top Loading
Front Loading
Pass Through

By End User:

Hospitals
Ambulatory Surgical Centres
Office Based Dental Clinics
Group Practice

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Alzheimer’s Therapeutics Market | AbbVie Inc. Teva Pharmaceuticals Ltd., Eisai Co. Ltd., Janssen Pharmaceuticals Inc. | By 2032

The global Alzheimer’s Therapeutics Market growth is anticipated to reach US$ 2.8 billion in 2022 and grow at a CAGR of 9.3% to US$ 6.8 billion by 2032. In 2021, Donepezil will hold the top spot in the global medication market with a share of 68.4%, according to a recent analysis by Future Market Insights.

Alzheimer’s Therapeutics is the most common reason for progressive dementia in the elderly population. There has been an exponential rise in the number of cases of Alzheimer’s Therapeutics worldwide emphasizing the necessity for developing an effective treatment. According to Alzheimer’s Association, in 2016, an estimated 5.4 million Americans of all ages have Alzheimer’s disease.

One in nine people aged 65 and above has Alzheimer’s disease. By 2050, the number of people aged 65 and above affected with Alzheimer’s disease is expected to nearly triple, from 5.2 million to an expected 13.8 million, excluding the development of medical Alzheimer’s Therapeutics advances to avert or cure the disease.

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A list of Key Players Covered in the Alzheimer’s Therapeutics Market are:

AbbVie, Inc.
Teva Pharmaceuticals Ltd.
Eisai Co., Ltd.
Janssen Pharmaceuticals, Inc. (Johnson & Johnson)
Novartis AG
Zydus Lifesciences Ltd (CADILA)
Sun Pharmaceutical Industries Ltd.
Dr. Reddy’s Laboratories Ltd
Aurobindo Pharma Ltd
Amneal Pharmaceuticals Inc.
Macleods Pharmaceuticals Ltd.

The mortality rates due to Alzheimer’s Therapeutics are quite high. Between 2000 and 2013, deaths due to heart disease, stroke and prostate cancer decreased by 14%, 23% and 11%, respectively, while deaths from ALZHEIMER’S THERAPEUTICS increased by 71% in the U.S. Similarly, According to Alzheimer’s Therapeutics International in 2015, there are an estimated 46.8 million people worldwide living with dementia and is further expected to grow in future. Thus, there is an increase in the demand for Alzheimer’s therapeutics and diagnostics worldwide.

Population ageing across the globe is a major factor driving the market for Alzheimer’s therapeutics and diagnostics. Rising life expectancy is contributing to quick increases in the number of the aged population. In addition, is associated with increased prevalence of chronic diseases like dementia.

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Therapies for alzheimer’s therapeutics offer temporary and uncertain improvements in the well-being of individuals, and none of the approved drugs can modify the course of the disease Alzheimer’s Therapeutics cement. Thus, the magnitude of the affected population and the lack of suitable and effective treatment offers an incredible opportunity for drug manufacturers.

However, the identification of the primary reasons and mechanisms involved in alzheimer’s therapeutics is limited. Drug manufacturers have been unable to validate the significant clinical benefits of treatment for numerous new compounds due to strict regulations. One of the significant trends observed in this market is the collaboration of the existing players.

Precisely, diagnostic technology companies are carefully trying to bring about effective biomarker technologies to support and improve the drug development process for potential drug candidates, which is further expected to propel the demand.

The Alzheimer’s Therapeutics and Diagnostics market has seen segmented by therapeutics, diagnostics, imaging technologies and geography. The market for therapeutics includes biomarkers, Cholinesterase inhibitors and NMDA receptor antagonists. Based on diagnostics the market has been segmented into brain imaging and blood tests. The market for imaging technologies includes structural imaging, functional imaging and molecular imaging.

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Geographically, the market has been segmented as North America, Europe, Asia Pacific, Latin America, Middle East & Africa and the Rest of the World. North America was observed to be the largest market for Alzheimer’s Therapeutics and Diagnostics due to the increasing prevalence of Alzheimer’s Therapeutics with the rise in the ageing population, and extensive technological Alzheimer’s Therapeutics advancements in the region. With the increase in the ageing population developing region of Asia Pacific, this market is expected to grow at a maximum rate during the forecast period.

Developing countries are expected to offer lucrative opportunities for this market. According to Alzheimer’s Therapeutics International in 2015, 58% of people with dementia live in developing countries, but by 2050 this will rise to 68%. The fastest growth in the elderly population is taking place in China, India, and their south Asian and western Pacific region.

According to World Alzheimer Report in 2015, regional estimations of dementia prevalence in people aged 60 years and over vary from 4.6% in Central Europe to 8.7% in North Africa and the Middle East, however, all other regional estimates fall in a relatively between 5.6% and 7.6%.

The key manufacturers operating in the market are:

AbbVie Inc., AC Immune SA, Allergan PLC, Amarantus Bioscience Holdings, Anavex LifeSciences, Avid Radiopharmaceuticals, Axon Neuroscience, Axovant Sciences, Daiichi Sankyo Co, Eli Lilly, F. Hoffmann La Roche AG, GE Healthcare, Janssen Pharmaceuticals etc. They have applied strategies, such as mergers & acquisitions, partnerships, joint ventures, agreements, and others to have a strong foothold in the market.

Report by FMI is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. FMI nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to Alzheimer’s Therapeutics Vance with their mission-critical priorities with confidence.

Key Market Segments Covered in Alzheimer’s Therapeutics Industry Research

By Drug Name:

Donepezil
Rivastigmine
Memantine
Galantamine
Manufactured combination of memantine and donepezil

By Drug Class:

Cholinesterase Inhibitors
NMDA Receptor Antagonists
Manufactured Combination

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Pharmacies

By Region:

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

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