Passwordless Authentication Market Projected to Reach $72.48 Billion by 2034

The global Passwordless Authentication Market for 2024 to 2034 is set to witness exponential growth, projected to expand at a compound annual growth rate (CAGR) of 15.30%. Valued at approximately US$ 17.50 billion in 2024, the market is expected to reach a staggering US$ 72.48 billion by 2034. As digital transformation accelerates across sectors, the demand for seamless, secure, and efficient authentication solutions is surging, positioning passwordless systems as the next frontier in cybersecurity.

Passwordless authentication technology addresses the increasing threats of data breaches and cyberattacks by eliminating the need for traditional passwords. Leveraging cutting-edge multi-factor verification methods such as biometrics, device-based identification, and single sign-on, passwordless authentication strengthens security frameworks and enhances the user experience. This shift not only fosters data integrity but also improves customer satisfaction and retention, making it a critical tool in today’s digital landscape.

Key Takeaways from Market Study:

  • The passwordless authentication market is projected to grow at a CAGR of 15.30% from 2024 to 2034.
  • Estimated market valuation will increase from US$ 17.50 billion in 2024 to US$ 72.48 billion by 2034.
  • Biometric authentication, including fingerprint and facial recognition, holds a significant share and is expected to drive market growth due to heightened security and reliability.
  • North America leads in passwordless authentication adoption, with substantial growth anticipated in the Asia-Pacific region over the forecast period.

Drivers and Opportunities

The primary drivers fueling the Passwordless Authentication Market include the rise in cyber threats and the need for strong identity verification methods. Passwordless solutions offer businesses an efficient pathway to secure digital assets, minimize attack vectors, and boost operational efficiency. Additionally, the growing consumer preference for frictionless access to digital services presents an opportunity for market players to innovate and cater to a more demanding user base. Further, advancements in AI-powered biometric solutions are likely to unlock new applications across sectors, such as banking, healthcare, and retail.

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Component Insights

Key components in the passwordless authentication market include biometric authentication systems, hardware security modules, and authentication platforms. Biometric solutions, specifically fingerprint and facial recognition technologies, dominate the landscape due to their robust security features. The demand for security modules is also expected to rise, supported by businesses aiming to secure critical infrastructures.

Application Insights

The passwordless authentication market finds applications across diverse sectors such as banking, healthcare, retail, and government. Each sector’s adoption rate is shaped by its specific security requirements, with finance and government sectors leading due to strict compliance regulations. In healthcare, the need to protect sensitive patient data is driving adoption, while retail is leveraging passwordless systems to streamline customer experiences.

Deployment Insights

The market for passwordless authentication is segmented by deployment mode, with cloud-based solutions witnessing faster growth due to the convenience, scalability, and reduced infrastructure requirements they offer. While on-premise deployments remain popular for companies with stringent internal security controls, cloud-based solutions are increasingly favored by enterprises prioritizing agility and remote accessibility.

Key Companies & Market Share Insights

Leading companies in the passwordless authentication market include Microsoft Corporation, HID Global, RSA Security LLC, IDEMIA, and Okta Inc., which collectively hold significant market share. These companies continue to innovate by introducing AI-driven and biometrics-based solutions, catering to growing demand. Strategic partnerships, acquisitions, and investments in R&D remain prominent trends as companies aim to maintain a competitive edge.

Recent Developments

  • Microsoft Corporation recently unveiled enhanced multi-factor authentication options within its Azure Active Directory, focusing on biometric and device-based passwordless methods.
  • Okta Inc. introduced a comprehensive passwordless solution that simplifies identity verification for corporate clients, emphasizing user-friendly, secure access.
  • IDEMIA expanded its biometric authentication capabilities with new facial recognition technology, enabling faster and safer identity management solutions across multiple sectors.

About Future Market Insights (FMI)

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

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Global Warm Autoimmune Hemolytic Anemia (WAIHA) Treatment Market Poised to Reach USD 1598 Million by 2033 at a 9.6% of CAGR Amid Rising Awareness and Advanced Treatment Options

Global Warm Autoimmune Hemolytic Anemia (WAIHA) Treatment Industry
Global Warm Autoimmune Hemolytic Anemia (WAIHA) Treatment Market

The global market for warm autoimmune hemolytic anemia (WAIHA) treatment achieved a valuation of USD 582.99 million in 2022 and is projected to experience substantial growth, reaching an estimated USD 1,598 million by 2033. This growth trajectory represents a notable compound annual growth rate (CAGR) of 9.6% over the forecast period from 2023 to 2033, marking a significant acceleration compared to the historical CAGR of 5.4% between 2018 and 2022.

The rising prevalence of WAIHA globally has driven demand for effective treatments, while advancements in medical research have led to more precise diagnostic methods, improving diagnosis rates. Furthermore, increasing awareness among healthcare professionals and patients is contributing to higher treatment adoption rates, further fueling market growth.

Innovations in treatment methods are also a key driver of market expansion. With new therapies on the horizon that offer greater efficacy and fewer side effects, the WAIHA treatment landscape is evolving, providing patients with improved quality of life and better health outcomes. Pharmaceutical companies and research institutions are actively engaged in developing advanced therapeutic solutions, which is expected to enhance patient outcomes and provide a significant boost to market dynamics.

In certain cases, there could be blood transfusions used for replacing blood cells that have been destroyed. In case of severity, a splenectomy (removing the spleen surgically) could be essential for reducing red blood cells’ destruction.

The pharmaceuticals vertical is into adoption of novel treatments for the autoimmune diseases inclusive of WAIHA. On these grounds, the US FDA, in 2019, did approve Zilucoplan (brand name: Viltepso) to treat autoimmune hemolytic anemia.

At the same time, the fact that WAIHA treatments are costly can’t be ignored; especially for the ones who need prolonged therapy. This could make it tad difficult for certain patients to continue. Furthermore, the downtime needed on the whole is also more as diagnosis for WAIHA is made by combining laboratory tests, clinical evaluation, and imaging studies; which could be resulting in delays in treatment. These factors are likely to restrain the Warm Autoimmune Hemolytic Anemia (WAIHA) treatment market shortly.

Key Takeaways from Global Warm Autoimmune Hemolytic Anemia (WAIHA) Treatment Industry:

  • North America holds the largest market share due to the US being subject to advanced healthcare infrastructure along with an influx of skilled workforce.
  • Europe holds the second-largest market share with growing advancements in healthcare vertical with novel diagnostic tools as well as treatment options.
  • The Asia-Pacific is expected to grow at the quickest rate in the warm autoimmune hemolytic anemia (WAIHA) treatment market with growing awareness regarding diagnosis of WAIHA.

What are the Challenges Faced by the Warm Autoimmune Hemolytic Anemia (WAIHA) Treatment Market?

Lack of specific diagnostic tests and limited understanding of the disease derailing market growth

There is currently no single diagnostic test that can confirm a diagnosis of WAIHA. The diagnosis is often made through a combination of clinical evaluation, laboratory tests, and imaging studies, which can lead to delays in diagnosis and treatment.

Despite advances in medical research, the exact causes of WAIHA are not yet fully understood. This limited understanding makes it difficult to develop targeted treatments for the disease. There are currently limited treatment options available for WAIHA, and existing treatments such as corticosteroids can have significant side effects. This can make it challenging for patients to find effective treatment options.

The cost of treating WAIHA can be high, especially for patients who require long-term therapy. This can make it difficult for some patients to access the treatment they need. Treatment for WAIHA often involves a combination of drugs and therapies that need to be taken over a long period of time. This can be challenging for some patients, and may impact the effectiveness of the treatment.

Market Competition

Key players in the warm autoimmune hemolytic anemia (WAIHA) treatment market are Rigel Pharmaceuticals, Apellis Pharmaceuticals, Inc., Sanofi, Incyte Corporation, Teva Pharmaceutical Industries Ltd, Momenta Pharmaceuticals, Alexion Pharmaceuticals, Inc., Immunovant, F. Hoffmann-La Roche Ltd

  • Rigel Pharmaceuticals has been working on the development of a drug called Fostamatinib (also known as Tavalisse) for the treatment of Warm Autoimmune Hemolytic Anemia (WAIHA). Fostamatinib is an oral drug that inhibits spleen tyrosine kinase (SYK), an enzyme that is involved in immune cell signaling. In WAIHA, autoantibodies attack and destroy red blood cells, leading to anemia. By inhibiting SYK, Fostamatinib is designed to reduce the destruction of red blood cells and improve anemia in patients with WAIHA.

Key Companies Profiled

  • Rigel Pharmaceuticals
  • Apellis Pharmaceuticals, Inc.
  • Sanofi
  • Incyte Corporation
  • Teva Pharmaceutical Industries Ltd
  • Momenta Pharmaceuticals
  • Alexion Pharmaceuticals, Inc.
  • Immunovant
  • F. Hoffmann-La Roche Ltd

A Full Report Overview

Key Segments Profiled in the Warm Autoimmune Hemolytic Anemia (WAIHA) Treatment Industry Survey

Drug Class:

  • Fostamatinib
  • Sutimlimab
  • Parsaclisib
  • Rilzabrutinib
  • Isatuximab

Distribution Channel:

  • Hospital Pharmacies
  • Online Pharmacies
  • Retail Pharmacies

Region:

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

Author By:

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

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

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

About Future Market Insights (FMI)

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

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Website: https://www.futuremarketinsights.com
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LegalTech Market 2024 Future Analysis, Demand by Regions and Opportunities with Challenges 2034

According to Future Market Insights, the LegalTech market is poised for significant growth, with its size expected to increase from US$ 29.60 billion in 2024 to US$ 68.04 billion by 2034. When it comes to the adoption of LegalTech, a promising 8.7% CAGR is projected to drive the expansion over the next decade, which had seen a CAGR of 7.1% between 2019 and 2023.

The legal technology market is expected to strengthen during the projected period due to the increasing investment in technology to automate and optimize legal procedures, which would boost the productivity and profitability of law firms and simplify operations. Blockchain and artificial intelligence are two technologies in the legal technology sector that are seeing major advancements.

Important players in the LegalTech market are making significant investments in cutting-edge legal technologies to provide their clients with efficient legal services. Legal departments and law companies can now securely record data owing to a growing trend in smart contracts and blockchain technology.

Cloud adoption is rapidly gaining momentum within the legal sector, fueling the expansion of the LegalTech market. Many legal enterprises have either already integrated or are in the process of integrating cloud-based legal technology solutions. It strengthens the security measures in place to keep information safe from unauthorized access or breaches. It does this by incorporating advanced authentication technologies to safeguard sensitive information.

 “Although developed nations have demonstrated potential in the LegalTech market, attention is now turning toward developing countries, including China and Japan, which are positioned to assert dominance in the coming years. These countries have strong economies and technological capabilities. Consequently, they are investing heavily in LegalTech, which gives them the potential to control the sector. Investors and stakeholders are advised to attentively monitor this unfolding narrative to gain a profound understanding and make strategic moves in this industry.” according to the chief analyst at FMI.

Key Takeaways

The United States is set to dominate the LegalTech industry with a projected 6.7% CAGR from 2024 to 2034, driven by innovative advancements and a robust ecosystem fostering legal technology growth.

China’s LegalTech industry is estimated to follow closely, with an estimated 11.7% CAGR through 2034, attributed to its commitment to technological advancement and digital transformation across various sectors, including the legal industry.

The LegalTech market in Germany is likely to show an 8.9% CAGR between 2024 and 2034, influenced by its strong legal framework and emphasis on regulatory compliance.

Japan’s LegalTech industry is projected to develop at a 10.3% CAGR through 2034, propelled by its strong tradition of legal excellence and emphasis on the rule of law.

Key Players’ Strategies for Success in the LegalTech Market

  • Here are some key strategies that players in the LegalTech industry employ for success:
  • Continuous innovation in legal technology solutions
  • Integration of artificial intelligence and machine learning algorithms
  • A focus on compliance with privacy regulations and data protection
  • Collaboration with legal professionals for novel product development
  • Customization of software to meet specific client needs
  • Providing user-friendly interfaces for ease of adoption
  • Building strong partnerships with law firms and corporate legal departments
  • Staying updated on regulatory changes and adapting accordingly
  • putting money into research and development to make improvements afterward

Recent Developments

Casepoint unveiled the introduction of Casepoint FOIA in January 2024, to revolutionize how federal agencies handle Freedom of Information Act (FOIA) requests. With the launching of Casepoint FOIA, Casepoint eliminates the need for a traditional FOIA solution with restricted capabilities by combining the power of its AI-powered eDiscovery platform.

AffiniPay introduced AffiniPay IQ, generative AI for the legal technology sector, in August 2023. This Austin-based Fintech pioneer unveiled new capabilities designed specifically to safely integrate AI into attorneys’ regular practices

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LegalTech Outlook by Category

By Solution, LegalTech Market is segmented as:

LegalTech Software
Cloud-Based
On-Premises
Services
Integration & Deployment
Consulting
Support & Maintenance

By Type, LegalTech Market is segmented as:

Case Management
Lead Management
Document Management
Contract Lifecycle Management
Billing & Accounting
Others

By End-user, LegalTech Market is segmented as:

Law Firms
Corporate Legal Departments

By Region, LegalTech Market is segmented as:

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Motion Simulation Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

Motion Simulation Market

The motion simulation market is anticipated to expand at a compound annual growth rate (CAGR) of 10.8% during the forecast period. It is anticipated that the market would be valued US$ 56750 million in 2032 and US$ 20400 million in 2022. The motion simulation market will expand during the projected period as a result of new regulations, increased defence R&D spending by developed and emerging countries, and a general use of cloud-based simulation software.

Motion simulation, often known as rigid body dynamics, offers answers for the complexity of mechanical goods. Generally speaking, motion simulation provides quantitative information on the dynamics of a moving device, including inertial forces, joint reactions, and power needs, as well as the kinematics, which include velocity, position, and acceleration.

Additionally, results of the motion simulation can be obtained virtually through CAD assembly model and transferred directly to motion simulation program. Motion Simulation systems are used in various applications, such as defense, aerospace, automotive, mining, healthcare and entertainment

Global Motion Simulation Market: Drivers

Changing regulatory framework in the aviation industry, global adaptation to simulation-based training program across government and private organizations in the aviation industry and expanding demand for modeling and simulation technologies from automotive sector are the factors identified as the key growth drivers of the global motion simulation market during the forecast period.

Growing trend of using motion simulation as cost effective solution in aerospace community, adoption to full-flight simulation modules by aviation training industry and continuous focus on commercializing autonomous vehicle technology in emerging economies, further accelerates the growth of global motion simulation market. Transformation of human motion simulation from the laboratory to the commercial market,

significant development of motion simulation technology in healthcare applications are also expected to fuel the growth of global motion simulation market during the forecast period. However, lack of simulator fidelity and feasibility are identified as the key restraints hindering the growth global motion simulation market during the forecast period.

Global Motion Simulation Market: Segmentation

Global Motion Simulation Market is segmented on the basis of end user, technology, type, degree of freedom (DOF) and region.

On the basis of end user, the global motion simulation market can be segmented into defense, automotive, entertainment, mining and healthcare. On the basis of technology, the global motion simulation market can be segmented into, hydraulic, electric and pneumatic. By type, the global motion simulation market can be segmented into Hardware and software. On the basis of degree of freedom (DOF), the global motion simulation market can be segmented into two degree of freedom (DOF), three degree of freedom (DOF), and six degree of freedom (DOF).

Regionally, Global Motion Simulation Market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. Among all end user segment, defense segment is identified as the attractive market during the forecast period, due to continuous focus on implementing aircraft and military vehicle simulation technology, to reduce cost and to ensure safety & security.

Global Motion Simulation Market: Regional Outlook
Global motion simulation market is witnessing significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, Middle East, Africa and Asia Pacific. Asia pacific market is anticipated to be the fastest growing region in motion simulation market, due to dynamic growth of economies, increasing military capabilities, rising demand for air transportation and modernizing industrial capabilities. However, the North America region is expected to dominate the motion simulation market during the forecast period.

Global Motion Simulation Market: Competition Landscape

The key vendors in the global motion simulation market, include Bosch Rexroth AG, Siemens Industry Software B.V, CAE Inc. Dassault Systèmes, Laerdal Medical., Moog Inc., Gaumard Scientific, and Cubic Corporation. Actuations collaborations with other players in simulation market to expand the product portfolio, is the strategy followed by major market vendors to gain competitive edge.

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Key Segments in the Motion Simulation Market

By End User:

  • Defence
  • Automotive
  • Entertainment
  • Mining
  • Healthcare

By Technology:

  • Hydraulic
  • Electric
  • Pneumatic

By Type:

  • Hardware
  • Software

By Degree of Freedom (DOF):

  • Two Degree of Freedom
  • Three Degree of Freedom
  • Six Degree of Freedom

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Parking Meter Apps Market is Expected to Reach a High Valuation of US$ 358 Million by 2032 | Says FMI

The global Parking Meter Apps Market was valued at US$ 73.8 Million in 2022 and is expected to reach US$ 358 Million by 2032, find Future Market Insights (FMI) in a recent market survey. The market is a projected CAGR of 17.1% from 2022 to 2032.

As per the findings of the report, individual users, among other End Users will garner significant demand in the market as the bulk of revenue will be generated through them. Revenue through individual users grew at a CAGR of 18.7% during 2017 – 2021. However, businesses are increasingly deploying the parking meter app solutions for the ease of employees, and are expected to contribute a large share in the market.

Increasing in number of vehicles on roads boosts the Global Demand for Parking Meter Apps

With the increasing number of vehicles on the road, the pandemic has increased the need for contactless parking payment solutions and raised the relevance of digital payments in parking meter apps, providing greater growth opportunities for the market players in parking meter apps.

Although, these apps have made parking easier for the users leading to the growth of the global Parking Meter Apps Market, the high construction costs required for maintenance and providing parking space results in high operating costs, slowing the growth of the global Parking Meter Apps Market in the developing nations.

The US Continues being the Largest Revenue Stream for Parking Meter Apps Market

The United States has the largest market for Parking Meter Apps, which is projected to reach a valuation of US$ 121.5 Million by 2032. From 2017 to 2021, the market in the US grew at a CAGR of 18.4%. Between 2022 and 2032, the US is expected to be a market with a US$ 94.7 Million absolute dollar opportunity.

Most of the key cities offer parking payment apps, according to the parking and transport ticketing company Flowbird. Services like ParkWhiz, SpotHero, and Parking Panda offer reservations for parking spots in the key US cities. In many cities in the US, there are also valet apps such as Luxe, Zwayo, SpotLight Parking and Veer, to make the process more accessible.

“The addition of advanced features, such as auto-payment options and voice guidance enabled through smartphone apps, are likely to drive the demand for more innovative solutions in Parking Meter Apps.” comments an analyst at Future Market Insights.

Parking Meter Apps Market: Competition Insights

The Parking Meter App Market is getting quite competitive recently. Some of the key players of the industry are IEM SA, INRIX, Inc., ParkMate, Parkopedia, Arrive (ParkWhiz), ParkMobile, LLC, PASSPORT LABS, INC., Flowbird, PayByPhone, EasyPark, Parking Panda, Streetline, BestParking, Waze, HONK, JustPark, and Telpark.

Some of the key developments in the parking meter apps market include the following:

  • In May 2021, three separate smartphone apps will be made accessible by the Public Parking Authority of Pittsburgh so that cars can pay for parking time. In order to provide users with more mobile app options than only the Go Mobile PGH app powered by Parkmobile, the Flowbird and Meter Feeder apps will soon be offered as payment options.
  • In February 2021, Denver launched a new parking meter app that allows contactless payments and time extensions within the specified limits. The app sends users a text notification when their parking session is about to expire, which can assist individuals to avoid receiving parking citations. Without having to go back to the parking meter, people may use the app to add money and extend their parking within the allotted time.
  • In February 2021, a new web app from ParkMobile that enables users to instantly pay for parking on a mobile web browser has been developed. For those who wish to pay for parking contactless but do not want to download a feature-rich mobile app, ParkMobile is offering another choice with this online app.
  • In February 2020 The Memphis Area Transit Authority (MATA) in the United States has contracted Amco S.A. to build an automated parking fare collection system.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Parking Meter Apps Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Parking Meter Apps Market by Platform (Android and iOS); and by End User (Personal and Businesses), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In Parking Meter Apps Market Survey

Parking Meter Apps Market by Platform:

  • Android
  • iOS

Parking Meter Apps Market by End User:

  • Personal
  • Businesses

Parking Meter Apps Market by Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Unlock Insights: Download the Sample Report to Understand the Rising Demand for Parking Meter Apps @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15671

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Customer Engagement Solutions Market Share, Size & Trends – 2032 | FMI

The Customer Engagement Solutions revenues were estimated at US$ 17.4 Bn in 2021 and is anticipated to grow at a CAGR of 10.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 55 Bn.  

Businesses are making significant investments in customer interaction technologies in order to increase customer conversion and retention rates and create more effective sales teams. In order to improve customer service and connections, which will ultimately result in better sales and revenue, CRM software assists in gathering customer data and analyzing prior customer encounters. 

Due to the widespread use of the internet, it is projected that the market for customer engagement solutions would grow fast in the forthcoming years. Customer engagement solutions use the internet to reply to consumer inquiries digitally using media such as email, social media, live chat, and messaging programs.

According to Internet World Stats, a US-based provider of internet statistics, the number of internet users worldwide climbed from 4.5 Bn in June 2019 to 5.1 Bn in March 2021, with a penetration rate of 65.6%. The typical internet user logs on for 6 hours and 43 minutes per day. Therefore, the increased usage of the internet is driving the demand for client engagement solutions. 

The food industry aggressively uses big data to grow and maintain its competitiveness. The growth of the e-commerce industry has increased the availability of data regarding online consumer behavior. These statistics show that more customer engagement technologies are being adopted by the food and beverage industry. Consumer purchase trends are being examined and researched using data analytics. Businesses employ big data technologies to enhance customer interactions and personalize experiences. 

Competitive Landscape 

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

Some of the recent developments of key Customer Engagement Solutions providers are as follows:  

  • In March 2022, Microsoft’s acquisition of Nuance Communications, Inc. with their security-focused, cloud-based products supplemented with robust, vertically targeted AI. Microsoft and Nuance will provide organizations across industries with the tools they need to achieve their goals faster. Customers will gain from the improved consumer, patient, clinician, and employee experiences as well as, eventually, from higher productivity and financial success.
  • In July 2021, Salesforce acquired Slack. With this acquisition, Salesforce will be able to offer the Slack-first Customer 360, giving companies a single point of accountability for their operations as well as a platform to connect employees, clients, and partners with one another and the daily-use apps they use, all within their existing workflows. 
  • In June 2019, a new standard for the customer experience sector is being established with the acquisition of Teleopti by Calabrio. The industry-leading, real multi-tenant SaaS customer experience intelligence platform is created by combining the workforce management software from Teleopti and the customer experience solutions from Calabrio.

Customer Engagement Solutions Market Segmentation

By Component:

  • Solution
    • Omni Channel
    • Workforce Optimization
    • Others
  • Services
    • Managed Services
    • Professional Services

By Deployment Type:

  • On-Premises
  • Cloud

By Organization Size:

  • Small and Medium Enterprises
  • Large Enterprises

By Verticals:

  • Banking, Financial Services, and Insurance
  • Telecom and IT
  • Retail and Consumer Goods
  • Media and Entertainment
  • Education & Training
  • Other End-user Industries

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15665

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Revolutionizing Customer Service: Future Market Insights’ Cloud-Based Contact Center Market Analysis

Cloud Based Contact Center Market

According to a newly released Future Market Insights study, the Cloud-Based Contact Centre market revenues were expected to be US$ 23 Bn in 2022 and are projected to increase at a CAGR of 18% from 2022 to 2032. The market is anticipated to reach a US$120 billion worth by the end of 2032.

The service providers are experts at setting up cloud-based systems for use cases tailored to specific sectors. Implementation services help clients implement cloud strategies by planning, gaining access to existing systems, doing quality evaluation and verification, and offering support. This helps clients achieve their business goals more quickly.

Whether a private cloud, public cloud, or hybrid cloud is used, implementation services guarantee a smooth and secure deployment. Scalability, flexibility for shifting workloads, increased productivity, agility, improved application security, and cost savings are the key factors impacting the expanding demand for cloud migration services.

The impact of Covid-19 on Cloud Based Contact Center Market

With the onset of COVID-19, businesses were able to integrate home workers into the contact center setting owing to virtual contact centers. IVR and automatic call distribution are two examples of technologies that are becoming more widely available as stakeholders in the cloud-based contact center business become more aware of this opportunity. Virtual contact centers are becoming more important as a tool for assuring business resilience and continuity while serving customers and clients.

Competitive Landscape

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

Some of the recent developments of key in Cloud Based Contact Center providers are as follows:

  • In March 2022, 8×8 revolutionized the role of the contact center agent by introducing a new 8×8 contact center composed experience. An entirely browser-based, design-driven interface, the 8×8 Agent Workspace provides a personalized and intuitive user experience. The contact center and unified communications features are only found in this one application.
  • In February 2021, together, Orange Business Service and the international engineering and service company Kone Corporation moved Kone’s contact center infrastructure to the cloud.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Cloud Based Contact Center   Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Cloud Based Contact Center in terms of Solution (Automatic Call Distribution , Agent Performance Optimization, Dialers, Interactive Voice Response , Computer Technology Interaction, Reporting And Analytics, Security, Others) Service (Professional Service, Managed Service) Application (Call Routing And Queuing, Data Integration And Recording, Chat Quality and Monitoring, Real-Time Decision-Making, Workforce Optimization) Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud) Organization Size(Small And Medium Enterprises, Large Enterprises) Vertical (BFSI, Consumer Goods and Retails, Government and Public Sector, Healthcare and Life Sciences, Manufacturing, Media & Entertainment, Telecommunication And Information Technology Enabled Services, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Cloud Based Contact Center Market Segmentation

By Solution:

  • Automatic Call Distribution
  • Agent Performance Optimization
  • Dialers
  • Interactive Voice Response
  • Computer Technology Interaction
  • Reporting and Analytics
  • Security
  • Others

By Services:

  • Professional Service
  • Managed Service

By Application:

  • Call Routing and Queuing
  • Data Integration and Recording
  • Chat Quality and Monitoring
  • Real-Time Decision-Making
  • Workforce Optimization

By Deployment Model:

  • Call Routing and Queuing
  • Data Integration and Recording
  • Chat Quality and Monitoring
  • Real-Time Decision-Making
  • Workforce Optimization

By Organization Size:

  • Small and Medium Enterprises
  • Large Enterprises

By Verticals:

  • BFSI
  • Consumer Goods and Retails
  • Government and Public Sector
  • Healthcare and Life Sciences
  • Manufacturing
  • Media & Entertainment
  • Telecommunication and Information Technology Enabled Services
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

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About Future Market Insights (FMI)

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

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Virtualized Evolved Packet Core (vEPC) Market is Poised to Grow at a Healthy CAGR of 15.9% from 2022 to 2032 | FMI

The Virtualized Evolved Packet Core (vEPC) Market revenues were estimated at US$ 4.8 Billion in 2021 and is anticipated to grow at a CAGR of 15.9% from 2022-2032, according to a recently published Future Market Insights report. The market is expected to reach a valuation of US$ 5.9 Billion in 2022 and US$ 26 Billion by the end of 2032.

The key component for Virtualized Evolved Packet Core (vEPC) Market include Services where the Demand growth of Virtualized Evolved Packet Core (vEPC) Market through Services was recorded at 23.4% during 2015 – 2021, while it is expected to grow at a CAGR of 15.6% during 2022 –2023.

The key factors which are propelling the Virtualized Evolved Packet Core demand include chances for MNOs to benefit from the expansion of the IoT sector. It is anticipated that mobile network operators would commercially use virtual EPC in their live networks to serve a variety of use cases. In the heterogeneous IoT world, the ability for MNOs to cost-effectively modify their networks for specific clients, sectors, and applications is crucial.

Additionally, it enables ISPs and businesses to connect mobile and IoT devices, data centers, and public or private clouds by supporting low-latency use cases at the network edge. By connecting all different kinds of devices, systems, and services, the Internet of Things and the ongoing development of Machine-to-Machine (M2M) communication networks have been revolutionizing several industries. IoT is one of the numerous use cases that 5G would allow and enable communication between a significant number of connected devices and sensors, with the help of network segmentation.

According to their application needs, high-performance, low-latency applications such as mobile video surveillance and low-power, low-latency, long-range IoT apps can be separated. The shift from LTE to 5G is expected to quicken in order to fulfill the demands for creating IoT applications, which are characterized as massive machine-type communication and mission-critical applications.

Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Virtualized Evolved Packet Core are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their Virtualized Evolved Packet Core share.

Some of the recent developments in the Virtualized Evolved Packet Core Market are:

  • In January 2019, Mavenir is now vying for many bids and requests for information (RFIs) for mobile networks in the APAC area. Mavenir has started to offer a virtual radio access network alternative to the global mobile network supply oligopoly.
  • In May 2019, Vodafone Idea Limited that it will employ Ericsson cloud packet core to enhance network performance. VIL will benefit from Ericsson’s key network features and applications, such as its Service-Aware Policy Controller (vSAPC), Virtualization Infrastructure (NFVI), and Virtual Evolved Packet Gateway (vEPG) solutions, which enable seamless business continuity and speedy rollout of new services.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Virtualized Evolved Packet Core (vEPC) Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Virtualized Evolved Packet Core (vEPC) Market in terms of Components (Solutions and Services) of Network Type, (5G Network and 4G Network) of Deployment Mode (Cloud and On-Premise) of End-User (Telecom Operators and Enterprises) of Application (LTE, VoLTE, and VoWiFi, IoT and M2M and Broadband Wireless Access) of across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Download Sample Report to Learn About Recent in the Virtualized Evolved Packet Core Industry Observed by FMI @
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About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Certificate Authority Market | Increasing Demand for Efficient Management Practices Report 2032

The certificate authority market revenues were estimated at US$ 130 Million in 2021 and are anticipated to grow at a CAGR of 11.9% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 450 Million.

Secure Sockets Layer encryption should be used on medical websites and apps as it boosts the accessibility, affordability, transparency, and cybercrime exposure of healthcare services. Following the installation of Secure Sockets Layer Certificates, all data used in the app or website is encrypted, and only the intended recipient can decrypt it.

A medical website’s owner must verify that it is Hypertext Transfer Protocol secure. Choosing the correct Secure Sockets Layer certificate should also be a top priority for a medical website’s Secure Sockets Layer website security. An EV Secure Sockets Layer certificate is recommended as it provides the highest degree of validation and encryption required for medical websites.

.Certificate Authority Market | Increasing Demand for Efficient Management Practices Report 2032

Since hospitals and clinics keep huge amounts of private and sensitive data, healthcare websites must use digital certificates. The healthcare industry has increased its digitalization ambitions, which will aid in the future market expansion possibilities of certifying authority.

The healthcare industry is rapidly leveraging cutting-edge technology to provide patients with a personalized, user-friendly experience. The healthcare sector vertical’s expansion strategy of partnerships, mergers, and acquisitions has made it more difficult to protect user passwords and other sensitive information.

With the use of digital certificates, medical workers can protect patient health information on mobile devices such as laptops and smartphones. Furthermore, the rise in cyberattacks on personally identifiable information is raising worry among healthcare organizations.

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Certificate Authority Market Segmentation

By Component:

  • Certificate
    • SSL Certificates
    • Code Signing Certificates
    • Secure Email Certificates
    • Authentication Certificates
  • Services

By Organization Size:

  • Large Enterprises
  • Small & Medium Enterprises

By End Use:

  • BFSI
  • Retail
  • Healthcare
  • IT and Telecom
  • Other

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Bot Services Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

Bot Services Market

The global bot services sector is now valued at US$ 1.6 billion, with a compound annual growth rate (CAGR) of 27.1% expected to drive the market to US$ 18 billion by 2032.

Chatbots are becoming increasingly popular in the BFSI and e-commerce businesses. Businesses utilize chatbots for both customer service and internal operations. Growing demand for feature phones, along with the adoption of cutting-edge NLP and AI technologies, is one of the drivers driving the bot services industry. The world has changed dramatically as a result of urbanization and digitization, with bot services playing an important role. Additionally, attempts are being made to standardize the ecosystem internationally.

Various service companies did turn into bots during the pandemic, so as to help the clientele resolve issues without any propagation delay. The healthcare industry did see a spike in the sales of chatbots during the pandemic era. Several public healthcare and commercial websites made use of chatbots for diagnosing isolated patients and getting basic healthcare assessment done. On these grounds, the WHO, in April 2020, came up with chatbots on Fb messenger for providing precise information about Covid-19. Future Market Insights has walked through these facts with probable calls to action in its latest market study entitled ‘Bot Services Market’

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Key Takeaways from Bot Services Market

  • North America holds the largest market share due to the US being home to hordes of IT companies.
  • Europe is at the matured stage in bot services market and expected to show this consistency in the upcoming period.
  • The Asia-Pacific, led by India, Japan, and China, is expected to be the fastest growing region in bot services market in the near future.

Competitive Landscape

  • Microsoft Corporation, in January 2021, did announce transitioning Microsoft healthcare Bot Service to ‘Azure’ to enable customers to take an advantage of the latter’s improved tools, compliance, and security features.
  • Poynter Institute’s IFCN (International Fact-Checking Network), in May 2020, came up with Whatsapp-enabled chatbots for providing access to translated network comprising over 80 fact-checking organizations across the globe.
  • Alvaria, in June 2022, put forth its very first native product called ‘Alvaria CX Suite’, which comes across as combination of Noble Contact Center and Unified IP/Advanced List Management from Aspect. CX suite has been rounded out with self-service, omnichannel, fraud detection capabilities, and compliant outreach.
  • Meta, in February 2022, launched the latest innovation regarding Universal Speech Translator, wherein it would be extending support to languages sans standard writing system (both – spoken and written).
  • Baidu, in November 2021, tabled PLATO-XL. It’s an AI model meant for dialogue generation. At present, it does outperform existing commercial chatbots on several conversational benchmarks, thereby showing exceptional performance.
  • Mindsay, in April 2021, used Genesys App Foundry for publishing AI chatbots. The agents are likely to quickly leave and engage in conversations with the customers through chatbot interface by integration of Mindsay chatbots with Genesys Cloud, that too, day in day out.
  • Yellow Messengers, an AI chat bot firm, did receive US$ 20 Mn in April 2020 from an investor for fulfiling the growing need of the market.

“With internet penetration witnessing an exponentiation, the global bot services market is likely to grow inadvertently in the forecast period”, says an analyst from Future Market Insights.

What are the inclusions of Bot Services Market Report?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the bot services market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
  • The research study is based on service (platform and framework), by mode of channel (website, contact centers, social media, and mobile applications), by business function (sales & marketing, human resource, finance, supply chain & logistics, and IT), by application (customer engagement & retention, workforce management, agent performance management, content management, appointment scheduling, employee on-boarding, and others), by deployment mode (on-premises and cloud), by organization size (SMEs and large enterprises), and by vertical (BFSI, retail & e-Commerce, healthcare & life sciences, media & entertainment, travel & hospitality, IT telecom, government, and other verticals).
  • Bots let users add various intelligent agents communicating without investment of money and time in incorporating AI of their own.

Bot Services Market Segmentation

By Service:

  • Framework
  • Platform

By Mode of Channel:

  • Website
  • Contact Centers
  • Social Media
  • Mobile Applications

By Business Function:

  • Sales & Marketing
  • Human Resource (HR)
  • Finance
  • Supply Chain & Logistics
  • Information Technology (IT)

By Application:

  • Customer Engagement & Retention
  • Workforce Management
  • Agent Performance Management
  • Content Management
  • Appointment Scheduling
  • Employee On boarding
  • Other Applications

By Deployment Mode:

  • On-premises
  • Cloud

Organization Size:

  • Large Enterprises
  • SMEs

Verticals:

  • BFSI
  • Retail & e-commerce
  • Healthcare & Life Sciences
  • Media & Entertainment
  • Travel & Hospitality
  • IT & Telecom
  • Government
  • Other Verticals

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

About Future Market Insights (FMI)

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

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube