Market Research Blog – Page 9136 – New Product Development

Poultry Diagnostic Testing Market | IDEXX Laboratories Inc., QIAGEN N.V., Thermo Fisher Scientific Inc., Zoetis Inc. | By 2032

The Poultry Diagnostic Testing Market is anticipated to grow from US$ 956.3 million in 2022 to US$ 1.2 billion in 2032, with a CAGR of 2.4% between 2022 and 2032.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Poultry Diagnostic Testing Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period.

𝑮𝒆𝒕 𝑳𝒂𝒕𝒆𝒔𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝑪𝒐𝒑𝒚: https://www.futuremarketinsights.com/reports/sample/rep-gb-4411

Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

The team of analysts at Future Business Insights are focusing on research and market study to produce different Poultry Diagnostic Testing Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Poultry Diagnostic Testing Market.

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Key Players

IDEXX Laboratories, Inc.
QIAGEN N.V.
Thermo Fisher Scientific Inc.
Zoetis, Inc.
GD Animal Health
IDvet
AffiniTech, LTD.
AgroBioTek Internacional
BioNote, Inc.
BioChek
Boehringer Ingelheim
MEGACOR Diagnostik GmbH
BioinGentech Biotechnologies, Inc.

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Segmentation

By Test Type

ELISA Test
PCR Test
Other Diagnostic Tests
Complement Fixation test
Immuno-flourescent antibody test (IFAT)
Indirect hemagglutination test (IHA)
Direct Agglutinition Test

By Disease Type

Avian Salmonellosis
Visceral leishmaniasis or Kala-azar
Avian Influenza
Newcastle Disease
Avian Mycoplasmosis
Avian Pasteurellosis
Infectious Bronchitis
Infectious Bursal Disease
Avian Encephalomyelitis
Avian Reovirus
Chicken Anemia
Others

Queries Solved

What is the size of the overall Poultry Diagnostic Testing Market in the Healthcare Industry and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Poultry Diagnostic Testing Market in the Healthcare Industry, and how they are expected to impact the market?
What are the attractive investment opportunities within the Poultry Diagnostic Testing Market in the Healthcare Industry?
What is the Poultry Diagnostic Testing Market in the Healthcare Industry size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Poultry Diagnostic Testing Market in the Healthcare Industry?
What are the recent trends in Poultry Diagnostic Testing Market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Poultry Diagnostic Testing Market in the growth of the Healthcare Industry?
What are the key market trends impacting the growth of the Poultry Diagnostic Testing Market in the Healthcare Industry?

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Reasons to buy the report

We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

More Related Reports of FMI’s Healthcare Landscape

Immunochromatography Kits Market

Intravenous Iron Drugs Market

Urinary Antibacterial And Antiseptic Pharmaceuticals Market

Dysmenorrhea Treatment Market

About Future Market Insights (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.

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Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Facial Recognition Market is Expected to Reach US$ 22.5 Billion by 2032 | Future Market Insights, Inc.

According to a recent study done by FMI, the Facial Recognition Market is expected to reach US$ 22.5 billion by 2032, up from US$ 5.2 billion in 2022, expanding at a high CAGR of 15.7%. This study explains that increase in government investments in emerging technologies of CCTV cameras in most public places to minimize criminal activities and terrorist attacks and to enhance public safety boosts the facial recognition market growth.

Factors such as the rise in demand for face detection systems to enhance safety and security, and increase in applications in physical security and intelligent signage are expected to propel the growth of the global facial recognition market during the forecast period. Further, the report opines that the technological advancements such as 3D recognition systems and cloud-based solutions are anticipated to augment the market growth in the coming years.

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Further, post the COVID-19 pandemic, there is a gradual rise in the number of use cases of facial recognition, which is one of the factors that has boded well for the Facial Recognition’s market demand. Moreover, the application of thermal camera checks through these systems and are being adopted by healthcare systems globally.

Key Takeaways from the Market Study

Global Facial Recognition market to be valued at US$ 5.2 Bn by 2022-end
By Component, Software Tools Segment expanded at a CAGR of 16.8% until 2021
Law Enforcement application ruled the Facial Recognition market with a CAGR of 16.7% until 2021.
China to account for the highest value share of US$ 1.6 Bn of global market demand for Facial Recognition market in 2032

Increasing mobile transactions for banking in countries, such as India and China, coupled with their governments’ initiatives, are expected to be the major drivers for the facial recognition market in the region, remarks a FMI analyst.

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Competitive Landscape

Players in the global Facial Recognition 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 March 2022, Aware, a biometrics software and services company, partnered with MIRACL to expand its cloud-based biometric authentication technology. The partnership is a through mutual reseller arrangement whereby each company can both sell each other’s products and integrate them within their own product lines, quickly bringing to market password-free login paradigms delivering superior security and simplicity for users.
In March 2022, SALTO’s acquisition of Cognitec Systems initiates strong partnership of business synergy and innovation. This acquisition is expected to meet market requests for adding face recognition and artificial intelligence technologies to the company’s renowned electronic access control and ticketing solutions. In addition, both companies appreciate a similar innovative work environment and corporate culture.

More Insights on the Facial Recognition Market

Future Market Insights offers an unbiased analysis of the global facial recognition market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the facial recognition market, the market is segmented on the basis of component type, application, and vertical across five major regions.

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Key Segments Covered in the Facial Recognition Industry Report

Facial Recognition by Component

Facial Recognition Software Tools
- 2D Facial Recognition
- 3D Facial Recognition
- Facial Analytics
Facial Recognition Services
- Training and Consulting
- Cloud Based Facial Recognition

Facial Recognition by Vertical

Facial Recognition in Banking
Facial Recognition in Retail & E-Commerce
Facial Recognition in Automotive
Facial Recognition in Healthcare
Facial Recognition in Government & Defence
Facial Recognition for Other Verticals

Facial Recognition by Application

Facial Recognition for Law Enforcement
Facial Recognition for Access Control
Facial Recognition for Emotion Recognition
Facial Recognition for Attendance Tracking and Monitoring
Facial Recognition for Other Applications

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Marine Communication Market will Surpass a Valuation of US$ 9,351.4 Million by 2032 | Report by FMI

According to the marine communication market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 7.8% from 2022-2032.

The report also forecasts that the market will surpass a valuation of ~US$ 4,420.7 Mn by the end of 2022 and US$ 9,351.4 Mn by 2032. The international maritime industry consists of a global web of shipping that covers the oceans and connects all continents on the earth. Communication plays an essential role in the successful operation for any country.

Marine communication between ships or with the shore was carried with the help of on board systems through shore stations and even satellites. To keep vessels and the lives transport as safe as possible, there are several communication systems and technologies working together for both ship-to-ship and ship-to-shore communications.

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In case of any emergency situations, it is highly essential to have reliable and quick communication systems to communicate with other ships and shores, there is a need of high quality and secure communication, so that no wrong information is shared due to low quality of communication.

Advanced marine communication systems are reliable and highly secured, and due to this feature, various government organizations and entities of countries are adopting these solutions for providing reliable and secure communication to their forces.

Key Takeaways: Marine Communication Market

By product, the marine radio devices segment is anticipated to account for the leading share in the global marine communication market. However, the maritime sat phone & internet devices segment is estimated to grow at a robust CAGR of 10.9% through 2032.
By application, the adoption of marine communication in recreational vessels segment is anticipated to increase at a CAGR of 10.5% between 2022 & 2032.
The rise in popularity of recreational boating worldwide is expected to increase the adoption of marine communication systems.
Among regions, South Asia & Pacific marine communication market is estimated to register high CAGR, owing to the increasing demand of maritime digital data services in the region.
In Japan, sales are expected to increase at a CAGR of close 11.3% over the next ten years.

“With the advancement in digital data services, marine communication service vendors need to make numerous updates into their pre-existing communication technologies, in order to upgrade the industry and ensure maximum productivity,” says FMI analyst.

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Advent of 5G in Sea Communication and Unmanned Boat to Shape Future Outlook

Internet at sea has become a necessity for yachts with Captains and Electro Technical Officer (ETO’s) carefully considering satellite and mobile data options. With a rise in the number of marine internet service providers, the emergence of 5G in marine industry is growing with significant pace. The advent of 5G has bought major developments in satellite systems. Satellite systems is promising a completely different outlook in terms of offshore connectivity.

Many players in the sector are investing in the launching of satellite constellations into Low Earth Orbit (LEO). Located between 500 km and 2000 km above the Earth’s surface, these satellites fly in coordinated groups and, unlike their predecessors, they are moveable.

Moreover, the various tech companies are introducing unmanned boats that is equipped with 5G Continuing Professional Education (CPE) terminal and 360-degree 4K camera, pushing real-time images and videos of ocean and river for monitoring water quality through fast speed 5G network. The camera could capture the water environment in areas where are inaccessible to human eyes and the small speaker installed on the hull could convey pre-recorded messages to people around.

For instance, in April 2019, ZTE Corporation and China Mobile have jointly launched “Heweitong”, a marine broadband satellite solution that seamlessly extends the mobile network to the ocean, creating a new era of marine communication.

More Valuable Insights on Marine Communication Market

FMI’s report on the marine communication industry research is segmented into three major sections – product (marine radio devices (fixed-mount VHF marine radios, handheld marine VHF radios, MF/HF radios), Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS) (AIS transponders, and AIS receivers), Vessel Monitoring System (VMS) terminals, Marine Radars VHF Data Exchange System (VDES), maritime sat phone & internet devices, and others) services (consulting services, integration & installation services, and after-sales support & maintenance services), application (fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others).

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Marine Communication Outlook By Category

By Product, Marine Communication Demand is segmented as:

Marine Radio Devices
Marine Multifunction Displays (MFDs)
Automatic Identification Systems (AIS)
Vessel Monitoring System (VMS) Terminals
Marine Radars
VHF Data Exchange System (VDES)
Maritime Sat Phone & Internet Devices
Others

By Service, Marine Communication Outlook is segmented as:

Consulting Services
Integration & Installation Services
After-Sales Support & Maintenance Services

By Application, Marine Communication Outlook is segmented as:

Fishing Boats/Vessels
Merchant Ships
Recreational Vessels
Working Vessels
Others

By Region, Marine Communication Sales is segmented as:

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

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Edtech Market is Increase at a Healthy CAGR of 14.5% through 2031 | Report by FMI

According to Future Market Insights (FMI), the demand registered in the edtech market will increase at a healthy CAGR of 14.5% during the forecast period (2021-2031). The overall sales in the market are expected to reach a valuation of ~US$ 74,239.7 Mn by the end of 2021 and US$ 288.4 Bn by the end of 2031.

As per FMI, rapid technological advances and the introduction of learning through entertainment have increased the adoption of edtech worldwide. As standardization is difficult while working with multiple sites, digital learning helps individuals to access the content at any time of the day. It can also be accessed at any time in any part of the globe.

With new innovative tools or practices being launched in digital technology, online learning is helping learners adopt new changes efficiently. Hence, learning management software (LMS) is gaining wider acceptance globally. The LMS helps in managing the learning process and creating an engaging learning environment for adding more functionalities to enhance the learning capacities. Hence, companies are using LMS to make their employees better trained, and more knowledgeable about products and services.

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Key Takeaways

By component, the hardware segment is anticipated to account for the leading share during the forecast period. However, the software segment is estimated to grow at a CAGR of 16.7% through 2031.
By end user, the academic institution segment is anticipated to increase at a CAGR of 16.7% between 2021 & 2031.
The market in U.S. is expected to expand at a CAGR of around 11.2% through 2031.
In India, edtech market is estimated to grow by a CAGR of nearly 22.8% over the next ten years.
Edtech market in Japan is expected to witness growth by 5.1X during the forecast period.

Adaptive Learning is Gaining Traction

Adaptive learning has gained more interest due to new product development, partnership among e-learning software providers and education publishers and significant investment in adaptive learning. Adaptive learning is gaining popularity as the development of new technologies like AR and AI which is giving adaptive learning a lift at another level. The adaptive learning has the advantage of robust analytics, it also helps in confidence-based assessments and pre-learning tests that help organizations to sidestep the drawbacks of generalized learning.

Adaptive learning ensures that each learner goes through the most effective learning path. Adaptive learning helps learners to gain confidence due to the personalized feedback provided. Adaptive learning model adoption can help learner to gain the objective knowledge and various skills.

Initiative by Educational Institutes Creating Growth Opportunities

Education institutions are undertaking initiatives for encouraging the students for switching from the traditional textbooks to eBooks for learning seamlessly. For Instance, K-12 schools are replacing traditional study to new online learning to benefit student’s overall growth. This is creating opportunities for the players to offer their e-learning solution in the market.

Also, demand for micro learning is increasing as it is suitable way of learning for the new generation of learners that have shorter attention spans. Learners are provided information at a rate that matches their ability to help them absorb knowledge more efficiently.

Micro learning also helps them to improve learning transfer by 71% compared to traditional learning methods. It generates 50% more engagement, while reducing development costs by 50% and increasing development speed.

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More Valuable Insights on Edtech Market

FMI’s report on the edtech industry research is segmented into three major sections – component (hardware, software, and services), end user (government organization, academic institution, enterprises and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the Edtech demand outlook.

Edtech Market Segmentation

By Component:

Hardware
- Interactive White Board
- AR/VR Devices
- Projectors
- Webcasting Devices
- Others
Software
- Learning Management System Platform
- Virtual Classroom Software
- Others
Services
- Managed Learning Services
- Professional Services
  - Learning & Content Management
  - Consulting
  - Integration & Implementation
  - Support & Maintenance

By End User:

Government Organization
Academic Institution
- K-12
- College Universities
Enterprises
- SMEs
- Large Enterprises
Others

By Region:

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

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Data Center Substation Market is Expected to Increase at a Healthy 6.2% CAGR from 2022 to 2032 | FMI

According to a recent analysis by Future Market Insights (FMI), the demand in the global data center substation market is expected to increase at a healthy 6.2% CAGR over the forecast period, with the market valuation reaching US$ 9.9 Bn in 2022 and US$ 18.2 Bn in 2032

Growing demand for energy to restore the existing infrastructure is projected to fuel growth opportunities in the data center substation market.

Data centers are a vital part of the IT infrastructure. New data-intensive technologies and high-speed wireless networks have led to high demand for data centers among businesses of all sizes, right from major electricity-intensive industries to limited enterprise computing centers.

The rising focus on the replacement of old electrical substation infrastructure with upgraded, high-quality, modular, digital, and gas-insulated systems is also expected to augment the growth in the market.

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Increasing volume of structured and unstructured data coupled with the growing demand for cloud computing is anticipated to drive the growth of data center substation market. North America is expected to hold the largest share of the global cloud computing market, thereby creating a lucrative opportunity for data centers. This, in turn, offers avenues for energy transmission and distribution solutions such as data center substations.

Datacenter colocation providers in developed countries are focusing on making significant investments for constructing additional data center facilities, which is further expected to boost sales across the globe.

However, increasing adoption of data centers and virtualization of enterprises is posing as a threat to the critical data gathered by an enterprise. This is increasing the awareness about the security of this data among enterprises of all sizes.

Thus, owing to the high growth opportunities associated with the market, major vendors are partnering with various channel partners established across the globe. This is enabling solution providers to invest and expand their business in the global data center substation market.

“With growing adoption of advanced data center solutions and development of new business models after the advent of industry 4.0, countries in South Asia Pacific and Middle East and Africa, such as India, Thailand, Mexico, and Brazil, are expected to witness potential growth opportunities” says the FMI analyst.

Key Takeaways

By component, the switchgears segment is expected to account for 23% of the total market share in 2022.
By voltage, the above 500kV segment is anticipated to expand at a 7.4% CAGR over the forecast period.
Sales in the Finland data center substation market are expected to account for nearly 13% of the Europe market share through 2031.
The market in Japan is expected to grow at a CAGR of around 8.3% through 2032.
In India, sales are expected to increase at a CAGR of 10.2% over the forecast period.

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Competition Landscape

Leading players operating in the global data center substation market are investing in research and development to comply with growing demand for digital data solutions. Besides this, players are investing in mergers, acquisitions, and collaborations to expand thwir global footprint. For instance:

In October 2019, Schneider Electric launched EcoStruxure micro data center C-Series 43U with intelligent cooling technology. It is the latest addition, adding more capacity, more savings, and more built-in features to address the unique challenges of commercial environments.

More Valuable Insights on Data Center Substation Market

Future Market Insight’s report on the data center substation industry research is segmented into three major sections – component (MV/LV transformers, switchgears, relays, power distribution units (PDU), UPS systems, busbars, surge arrestors, and others), voltage (33kV – 110kV, 110kV – 220kV, 220kV – 500kV, and above 500kV), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the data center substation demand outlook.

Data Center Substation Market Outlook by Category

By Component:

MV/LV Transformers
Switchgears
Relays
Power Distribution Units (PDU)
UPS systems
Busbars
Surge Arrestors
Others

By Voltage:

33kV – 110kV
110kV – 220kV
220kV – 500kV
Above 500kV

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By Region:

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

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Motor Monitoring Market is Likely to Surge at a Strong 8% CAGR During the Assessment period 2022 – 2032

Motor Monitoring Market is slated to top US$ 2 Bn in 2021, likely to surge at a strong 8% CAGR during the assessment period 2022 – 2032. The increasing use of wireless communication technology in machine condition monitoring and the rising demand for predictive maintenance are two crucial factors driving the growth of the motor monitoring system market.

The trend in the automotive industry toward automated systems has mandated the use of a motor monitoring system. In addition, the need for motor monitoring systems has grown as the demand for efficient working systems has increased for greater performance and fuel efficiency.

Motor monitoring sensors are widely used in aeroplanes, buses, cranes, and trucks in the aerospace industry. The seamless integration of autonomous Electric motors in aerospace and aviation is optimistic for market expansion.

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Initiatives to modernize existing power infrastructure to fulfill global energy demand has boosted the global adoption of the motor control market. The increased use of predictive maintenance and other motor monitoring modules prompts businesses to hire a data analysis staff. To obtain accurate information on the health of motors, this team should be well-versed on motors as well as their operation in a specific machine.

As a result, the indirect cost to businesses will rise. During the forecast period, the scarcity of skilled professionals at reasonable prices is the primary factor limiting motor monitoring market growth.

KEY TAKEAWAYS:

Popularity of hardware is anticipated to remain high over software and services during the forecast period.
Mission critical applications are rising, which prompts at high adoption of online motor monitoring system.
Environmental repercussion from manufacturing plant failure makes oil and gas industry a prominent end user.
In 2020, North America accounted for 33.7% of the motor monitoring market share. The regional market encompasses the United States, Canada, and Mexico. An increase in demand for electric vehicles (EVs) and increased investment in infrastructure development in various end-user industries of motor monitoring is supporting the region’s growth.

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Competitive Landscape

Novel solution offerings and predictive analytics integration are the key drivers facilitating innovation in the motor monitoring system market through product differentiation. There are several key companies in the motor monitoring market, including ABB Group and Siemens AGThe following are recent market developments:

Product launch, product development, collaboration, partnership, and other market tactics are used by organizations to increase the motor monitoring market share.

In 2020, utilities in North America invested around USD 85 billion in power generation infrastructure and USD 246 billion in oil and gas activities, according to the International Energy Agency’s World Energy Investment 2021 report.

According to LMC International, EV and hybrid sales in North America are predicted to account for 7% and 20% of total automobile sales by 2030, respectively.

General Electric announced CONNECTIX, a software package and expert services, in March 2021. It covers tools and solutions for operations, maintenance, and services that help to improve operations and enable predictive maintenance and cyber-secure service solutions.
Siemens and Empolis signed a collaboration agreement in September 2021 to digitalize and organize organizational knowledge for drive systems. With the support of Empolis Intelligent Views Platform knowledge graphs, Siemens and Empolis have strengthened the foundation for insight generation in SI-DRIVE IQ.
Södra awarded ABB a contract in August 2020 to supply 70 ABB Ability Smart Sensors to assess the vibrations and performance of several motors installed on a pulp dryer.

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Motor Monitoring Market

By Deployment Type:

On-premise
Cloud

By Monitoring Process:

Online
Offline/Portable

By End User:

Automotive
Oil & Gas
Metals and Mining
Power Generation
Water and Wastewater Treatment
Food & Beverages
Chemicals

By Offering:

Software
Hardware
Services

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Insights-As-A-Service Market Development Status, Competition Analysis, Type and Application 2031

According to newly released data by Future Market Insights (FMI), the demand registered in the insights-as-a-service market will increase at a CAGR of 23.4% from 2021 to 2031. The report also forecasts the market to surpass a valuation of US$ 2.5 Bn by the end of 2021. As per FMI analysis, rapid technological advancements and higher integration of cloud computing across various organizations have created prospects for the implementation of insights-as-a-service solutions.

Insights-as-a-service offerings cover data such as stocks, financial data and results, keyword performance, employee details, and business process data. Access to such data helps companies in making informed decisions. Besides this, it helps them identify potential challenges that could pose threat in the near future.

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Key Takeaways: Insights-as-a-service Market

By solution, the insights-as-a-service platform (SaaS-based) segment is anticipated to account for the leading share in the global market during the forecast period. The segment estimated to grow at a robust CAGR of 24.3% through 2031.
The demand for insights-as-a-service solutions in small and medium enterprises (SMEs) is expected to rise at maximum pace as these organizations continue adopting cloud based solutions for better ROI.
Demand for customer analytics platform is estimated to grow at an impressive CAGR, as SMEs exhibit high demand for improved customer lifecycle management.
North America is expected to lead the market followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
The market in India is expected to progress at a CAGR of 30.6% through 2031.
In the GCC Countries, sales are expected to increase at a CAGR of close to 19.0% over the next ten years.

Who is Winning?

Competition in the market is expected to intensify with the entry of new players. The emergence of new startups such as Atlan, testAIng, Bewgle, Zume, Ritual, Coda, Bird, and others will drive the insights-as-a-service market in the near future.

As per insights from KDNuggets, the investments towards other cloud-based and Insights-as-a-Service offerings is expected to increase to 35% from 15% by 2021 owing to stringent government rules and regulation to promote startups in the developed as well as developing countries.

This is expected to encourage key players to focus on the expansion of their global footprint. Some of the leading companies operating in the market are Capgemini, GoodData, GAVS Technologies, Oracle Corporation, and IBM Corporation among others.

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Insights-as-a-service Industry Survey by Category

Solution:

Insights-as-a-Service Platform (SaaS-based)
Services
- Consulting & Advisory
- Implementation & Integration
- Support & Maintenance

Application:

Branding & Marketing Management
Supply Chain Analytics
Competition Benchmarking
Governance, Risk & Compliance
Customer Analytics
Others

Enterprise Size:

Small & Medium Enterprises (SMEs)
Large Enterprises

Industry:

BFSI
Retail & CPG
IT & Telecom
Media & Entertainment
Education
Healthcare and Life Sciences

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Check Related Links –

https://janjaonline.mn.co/posts/finance-cloud-market-research-report-by-type-by-production-technology-by-application-by-function-global-forecast-2022-to-2032

https://techplanet.today/post/finance-cloud-market-2022-segmentation-and-analysis-by-recent-trends-consumption-by-regional-data-development-investigation-2032

https://tanmay4733.blogspot.com/2022/12/finance-cloud-market-size-share-trends.html

https://anotepad.com/notes/89t7m8rc

https://www.tumblr.com/rahulverma45/703155283777781760/finance-cloud-market-size-share-industry

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Food Service Equipment Market Study on Consumer Insights, Gross Margin Analysis, Important Developments & Forecast 2032

According to a recent market analysis by FMI, sales in the food service equipment market are expected to surpass a valuation of US$ 75.9 Bn in 2032, with demand growing at a 5.6% CAGR.

Rising awareness regarding for hygiene and safety of food and beverages being served in restaurants, along with stringent regulations imposed by regulatory authorities for food safety in commercial kitchens is spurring demand for effective kitchen equipment.

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Key Takeaways:

Based on product type, sales in the cooking equipment segment are projected to account for 32.1% of the total market share in 2022.
In terms of applications, demand in the quick service restaurants segment will continue gaining traction.

Sales in the China market are forecast to surge at a 8.1% CAGR through 2032.
The U.S. will continue dominating the North America food service equipment market, with demand growing at a 6.7% CAGR.
Germany will emerge as a lucrative pocket, accounting for 20.3% of the Europe food service equipment market share through 2032.

Equipment such as dishwashers, oil filters, water filters, ventilation-exhaust, and other sanitation items are increasingly being adopted. Growing emphasis on easy-to-clean food processing equipment to save time and costs of maintenance is compelling manufacturers to launch innovative products.

Food processing equipment is required to support the infrastructure of back-end product delivery, cold storage, and logistical chain for raw material supply. Freezers, dryers, and fryers are in high demand to extend the life of the provided item.

Demand for food service equipment is increasing in countries such as Brazil, Russia, India, and China, owing to consumers’ preference for ready-to-eat and convenience foods. This potential has arisen as a result of changing consumer lifestyles, fast-rising disposable income, and improved brand awareness.

“The emergence of cliud kitches in various countries, along with increasing preference for online delivery of fast food is expected to fuel sales in the market over the forecast period,” says an FMI analyst.

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Who is winning?

Some of the top companies offering equipment are:

Electrolux Professional
Dover Corporation
Middleby Corporation
Duke Manufactures
Tupperware Hobart Corporation
Ali Group SpA
Panasonic Corporation
Welbit, Rational AG
Libbey Inc.
LG Electronics
Robert Bosch
Samsung Electronics
ACP Solution Inc.
Philips Electronics
Haier Inc.
Illinois Tool Works and others.

Get Valuable Insights into Food Service Equipment Market

FMI, in its new offering, provides an unbiased analysis of food service equipment presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for equipment based on Product (Food Preparation Equipment, Drink Preparation Equipment, Cooking Equipment, Warming, and Holding Equipment, Refrigerators & Freezers, Dishwashers, Other F & B), By Application (Full Service Restaurants, Quick Service Restaurants, Commercial Canteens) across seven major regions.

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About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Chitosan Market Research on Key Developments, Consumer Insights with Regional Outlook-2031

The global chitosan market is growing at a steady pace owing to the increasing application of chitosan in the treatment of cancer, diabetes, and tuberculosis. As per a study by Future Market Insights (FMI), the market has registered a CAGR of over 12.1% during 2016-2020 and is likely to exhibit a CAGR of over 14.3% during the forecast period 2021 to 2031.

According to the World Health Organization (WHO), around 10 million new cases of tuberculosis were recorded in 2019 and over 1.4 million people died because of the disease across the globe. Several studies have shown that the use of chitosan-based products assists in the cure of tuberculosis. Considering this, the demand for chitosan is expected to grow in the coming years.

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Chitosan helps in the treatment of obesity and weight management resulting in increasing demand from the dietary supplements segment. The segment is dominating the chitosan market and is expected to account for over 35% of the market share by 2021 resulting in propelling the growth of chitosan market.

Asia-Pacific dominated the global chitosan market with the largest market share in 2019, owing to the availability of crustacean waste and the rapid development of end-use industries in China, Japan, South Korea, and India.

“Leading market players are investing in R&D for launching new products to cater to the increasing demand from dietary supplement and organic cosmetic application segment. Besides this, some of the market players are emphasizing on expanding their manufacturing facilities globally to strengthen their market presence,” says the FMI analyst.

Key Takeaways

Japan is leading the global chitosan market and is estimated to reach a valuation of over US$ 1.09 billion by the year 2031.
The U.S. is dominating the chitosan market in North America and is anticipated to hold over 80% of the market share in the region.
Owing to the surging demand for natural ingredients in personal care and cosmetics products, Germany is likely to account for over 21% of the market share in Europe.
Due to the high consumption of natural dietary supplements, India is projected to hold the market share of around 45% in the South Asia market through 2021.
Based on form, the powder chitosan is anticipated to dominate the segment with around 88% of the global chitosan market in 2021.

Key Drivers

Increasing prevalence of infectious diseases is expected to boost the demand for chitosan-based products.
Growing food additives application is spurring the growth of the chitosan market.
Rising demand for organic personal care and cosmetics products will bolster the growth of the market.
Increasing incidence of obesity and overweight will create growth opportunities for the market.

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Key Restraints

High production cost is restraining the growth of the chitosan market.
The lengthy and time-consuming process for manufacturing chitosan might hamper the market growth.
Lack of raw material is a factor negatively affecting the growth of the chitosan market.

Competitive Landscape

Companies operating in the chitosan market are focusing on expanding their product portfolio by developing a wide range of chitosan-based products according to the application of the end-use industries. For instance,

Axio Biosolutions launched its new product named, MaxioCel, a next-generation wound care dressing chitosan-based product in 2019.
Friesland foods kievit, a Germany-based company, has created a new encapsulating technology to increasing the use of chitosan as a natural product. Friesland foods kievit has established a distinct business organization named, Kievit Ventures.

Leading players profiled by FMI operating in chitosan market include:

Agratech (KYTOSAN USA, LLC)
Austanz Chitin Pty Ltd.
CarboMer, Inc.
Golden-Shell Pharamceuticals Co. Ltd
Heppe Medical Chitosan GmbH
KIMICA Corporation
Kitozyme, LLC
Kraeber & Co. GmbH
Meron Group
Qingdao Haijia Biology and Technology Co. Ltd
Tidal Vision Inc.
Chitolytic
Marshall Marine Products
Zhejiang Aoxing Biotechnology Co. Ltd.

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More Insights on FMI’s Chitosan Market

The latest market study on global chitosan market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented

By Form:
- Liquid
- Powder
By Source:
- Shrimp
- Crab
- Lobster
By End Use:
- Food Additive
- Dietary Supplements
  - Crohn’s Disease
  - Dental Cavities
  - Anemia
  - Periodontists
  - Weight Loss
  - Sports Nutrition
  - Immune & Digestive Health
  - Bone & Joint Health
  - Heart Health
  - Other Specific Requirements
- Pharmaceuticals
- Cosmetics
  - Hair Care
  - Nail Care
  - Skin Care
  - Toiletries
  - Spa
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)

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Lunch Takeout Market Dynamics, Influencing Factors, Increasing Scope, Specifications and Overview 2022-2032

The global lunch takeout market was worth USD 215.3 billion in 2021, with a compound annual growth rate (CAGR) of 5.9 percent predicted from 2022 to 2032.

The increased desire among millennials for home-cooked and chef-prepared meals are one factor fuelling the growth of the lunch takeout market. The delivery service has expanded in popularity and use among generations Y and Z.

The advantages of cooked meals, which are less expensive than takeout and home delivery, are fuelling the product’s growing appeal and adoption of lunch takeout. This is fuelling the growth of the lunch takeout sector.

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The lunch takeout market analysis indicates that while millennials have overtaken baby boomers in terms of population, boomers still account for a significant share of the population, and their eating habits have a significant impact on the home cooking sector.

Lunch takeout is a great alternative because meal preparation ahead of time drastically lowers food wastage. Lunch takeout contains components in the exact quantity needed to cook a meal because each portion is pre-measured.

Despite the fact that some delivery services serve greater meals, they nonetheless provide calorie counts and nutritional information based on the portions. These new lunch takeout market trends have been specifically designed for the millennial age.

Supply chain and logistical costs will limit the size of the lunch takeout sector.

This cost includes order fulfillment, shipping, adjusting business resources to shifting market demand, and last-mile connectivity. There are also charges for cardboard box packaging, gas, mileage, and hiring a driver. According to the lunch takeout market analysis, the supply chain and infrastructure must be in place to prevent foods with a limited shelf life from decomposing.

Customers in the United States have been increasing their desire for lunch takeout, with several delivery service companies offering single and multiple portions. Cooking at home, for example, is less expensive than going out to eat.

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The adoption of lunch takeout has increased globally. In addition, the availability of the product has made cooked dinners more time-efficient than takeout and home delivery services. Food preparation at home also gives you complete control over the items you use, which is advantageous for people who are allergic to or trying to avoid certain foods. This has had a tremendous impact on the lunch takeout market throughout the years.

Key Takeaways:

In 2021, the cook and eat sector dominated the lunch takeout market, with a revenue share of 60.7 percent.
From 2022 to 2032, the lunch takeout market size in Asia Pacific is predicted to grow at an annual rate of 18.8%.
In 2021, the online segment dominated the demand for lunch takeout, accounting for 63.2 percent of total revenue.
The non-vegetarian sector dominated the lunch takeout market, accounting for 63.7 percent of total revenue.

Competitive Landscape:

There are a few well-established participants in the lunch takeout market, as well as a number of small and medium-sized businesses. Mergers, acquisitions, and product launches are still among the industry’s most important strategic activities.

The key players operating in the lunch takeout market are Einstein Noah Restaurant Group, Inc., Manchu Wok, HuHot Mongolian Grill, Panda Express, Olive Garden, Mama Fu’s, McDonald’s Corp. (MCD), Domino’s Pizza, Inc. (DPZ), Bloomin’ Brands, Inc. (BLMN), Autogrill SpA (ATGSF), Yum China Holdings, Inc. (YUMC), Spaghetti Warehouse, and Fazoli’s.

Recent Development:

In August 2021, Freshly Inc. launched its first-ever plant-based prepared meals line, ‘Purely Plant,’ with six new meals made with clean, whole-food ingredients to address consumer demand for variety, taste, nutrition, plant-based meal options, and convenience. Meals that can be heated and served in three minutes require no preparation.

In November 2020, HelloFresh paid USD 277 million for Factor75, LLC. The purchase was undertaken to assist HelloFresh expand its client base and strengthen its position in the US market.

In October 2020, Nestlé paid USD 950 million for Freshly Inc. Freshly Inc.’s growth was aided by this acquisition, which also allowed Nestlé to enter a fast-growing industry in the United States.

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Key Segments

By Payment Type

Cash
Debit Cards
Credit Cards
Digital Wallets
Electronic Bank Transfers

By Restaurants Type

Quick Service Restaurant
- Self Service Restaurants
  - Assisted Self Service Restaurants
Full Serviced Restaurants
- Fine Dining
- Casual Dining
Cafes and Bars
Street Food

By Product Type:

Chinese Cuisine
Indian Cuisine
Japanese Cuisine
Italian Cuisine
Mediterranean Cuisine
Mexican Cuisine
Turkish Cuisine
Others

By Nature:

Vegetarian
Non-Vegetarian
Vegan

By Purchase Model:

Direct-to-Consumer
Platform-to-Consumer

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Frequently Asked Questions

What is the CAGR of the Lunch Takeout Market?
Which is the Leading Region in the Lunch Takeout Market?
Which Segment Leads in the Lunch Takeout Market by Nature?
Which Segment Leads in the Lunch Takeout Market by Offering?

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