Skills Management Software Market a projected CAGR of 8.2% during 2022 – 2032

The global Skills Management Software Market for global skills management software was predicted to be worth about US$328.5 Mn in 2021. By the end of 2032, the market for skills management software is predicted to be worth about US$ 800 Mn, with a projected CAGR of 8.2% over the five-year period from 2022 to 2032. This is due to the growing investments made in this software by numerous organisations around the world.

The need to organize the workforce in the most efficient way propels the Global Demand for Skills Management Software

Post pandemic the need to organize the new workforce is one of the most important and difficult challenges faced by most organizations. Post pandemic, nearly 69% of firms are focusing more on skills management than they did pre-pandemic. This increased the demand for Skills Management software in the market. The survey also says that since the end of 2019, more companies are increasing their investments in Skills Management Software. For most companies, the investment in skills management software is more than a one-time investment.

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Skills Management Software Market: Competition Insights

The key companies operating in the Skills Management Software Market are Softworks, AG5, Gloat, Skillnet, Retain, Kahuna, CABEM Technologies, Centranum, MuchSkills, Pluralsight, Visual Workforce, SkillsTX, TalentQuest, CompetencyCore, SkillStation, viSkills, EmployPlan, TalentGuard, iCombine, WebMentor Skills, Sympa, PickYourSkills,

Some of the recent developments by the key providers of Skills Management Software are as follows:

  • In May 2022, AG5’s team raised US $ 1.4 Mn in their recent investment round from Tech Investor Peak. They plan on using the fund to develop their skill management software further and make it available worldwide.
  • In May 2022, EmployPlan introduced EmployPlan 2.0, the most user-friendly multi-project resource planning platform available. EmployPlan reduced the amount of time-consuming administrative work required to handle resource management to a minimum by using a responsive modern user interface.
  • In June 2021, Gloat secured US$ 57 Mn in funding, which it will use to continue business development as well as to add more features to its own platform. For instance, it will use this money to expand into more contractor openings, create more opportunities for secondments at other companies, and include front-line positions in addition to the knowledge worker roles that the AI is currently optimized for.

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  • In October 2021, Real-time skills gap analysis has become much simpler because of MuchSkills’ most recent release of skills and competency mapping software. The MuchSkills 3.1 upgrade makes it simple for teams and organizations to spot skill shortages that can have an impact on performance with the aid of intelligent filters and meaningful data visualizations. They can then utilize this information which includes the number of employees by skill and skill level to find chances for upskilling, reskilling, or hiring.
  • In September 2021, Skillnet announced the expansion of their geographical territories with the launch of their Mexico Subsidiary. The company believes that it will help them expand their customer base as they can now serve customers in Mexico and Central and Southern America.
  • In March 2021, Intelligent Role Studio (IRS), an Artificial Intelligence powered solution that combines deep subject matter expertise with algorithmic intelligence, was launched by TalentGuard.

More Insights Available

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

The study reveals extensive growth in the Skills Management Software Market in terms of Type (On-Premises and Cloud-Based); by Application (Large Companies and Small and Medium Sized Companies), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

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Key Segments Covered In Skills Management Software Market Survey

Skills Management Software Market by Type:

  • On Premises
  • Cloud-Based

Skills Management Software Market by Application:

  • Large Companies
  • Small and Medium-Sized Companies

Skills Management Software Market by Region:

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

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Network Function Virtualization (NFV) Market is likely to reach a valuation of nearly US$ 7.8 Bn by the end of 2032

The global network function virtualization (NFV) market was estimated to be worth US$ 3.9 billion in 2021 and is anticipated to increase to US$ 7.8 billion by 2032, according to a recent industry report by Future Market Insights (FMI). The report’s conclusions show that telecommunication applications will remain essential since they will generate the majority of market income.

Between 2022 and 2032, the market for telecom applications is projected to expand at a CAGR of 6.6%. The recent spike in the transition to 5G network services is one of the main elements causing the growth in revenue from telecommunication apps.

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US to Command the Larger Proportion of Network Function Virtualization Market throughout the Analysis Period

The US commands 35.9% of the market share and is expected to retain that position intact with an absolute opportunity growth of US$ 1.3 Bn to reach a valuation of US$ 2.8 Bn by 2032. By 2023, data network traffic in the U.S. would is projected to witness an extensive surge of 294.9% to reach the value of 98.6 Mn Exabytes per month.

Network Function Virtualization (NFV) Market: Competition Insights

Currently, Network Function Virtualization (NFV) manufacturers are largely aiming at adopting strategies such as mergers, acquisitions, and partnerships. They are working towards finding a balance between expanding their product portfolio and capitalizing on the growing market demand.

The key companies operating in the Network Function Virtualization (NFV) market include CommScope Holding Company Inc., Telefonaktiebolaget LM Ericsson, Comba Telecom Systems Holdings, Amphenol Corporation, Cambium Networks, Tongyu Communication Inc., Laird, Wireless Excellence Ltd., Rosenberger Group, Affirmed Networks, 6WIND, VMware Inc., A10 Networks Inc., and Allot Ltd.

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The key recent developments of Network Function Virtualization (NFV) manufacturers are as follows:

  • In September 2021, the partnership between Comba Telecom Systems Holdings and Telecom Infra Project (TIP) was reinstated and deepened to aid Comba Telecom’s contribution to validating Open RAN radio product offerings, coupled with the simplification and facilitation of the service providers’ procurement processes.
  • In November 2019, an expanded partnership was announced between Nokia Corporation and VMware Inc. for facilitating the easy and better efficient performance of large volume cloud computing operations. It is estimated that this development will benefit the network function virtualization (NFV) services sales for producing integrated solutions.
  • In October 2019, Novel packet-optical switches for 5G Cloud RAN were launched by Nokia Corporation with the utilization of time-sensitive networking (TSN) designs.
  • In October 2019, a collaboration was finalized between Telefonaktiebolaget LM Ericsson and Nvidia Corporation for aiding in its 5G radio access networks (RAN). This partnership has enabled both companies to shift their focus on the creation of technology enabling communication service operators in the establishment of virtualized 5G RANs as part of it.

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Key Segments Covered In Market Survey

The Network Function Virtualization (NFV) Market is segmented based on type, polarization, diameter, frequency range, application, and region.

By Type:

  • Parabolic Antenna
  • Flat Panel Antenna
  • Yagi Antenna

By Polarization:

  • Single-polarized Antenna
  • Dual-polarized Antenna

By Diameter:

  • 0.2mm to 0.9mm
  • 1.0mm to 3.0mm
  • 3.1mm to 4.6mm

By Frequency Range:

  • 1.0 GHz to 0.9 GHz
  • 10.0 GHz to 29.9 GHz
  • 30.0 GHz to 86.0 GHz

By Application:

  • Telecommunication
  • Commercial/Industrial
  • Military & Defense
  • Satellite
  • Others

By Region:

  • North America
    • The US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
  • The Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Nigeria
    • Egypt
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Colombia

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Sextech and Sexual Wellness Market is likely to reach a valuation of nearly US$ 2.8 Bn by the end of 2032

The Sextech and Sexual Wellness Market was valued at US$ 400 Mn in 2021 and is expected to reach US$ 2.8 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report women segment by end-user will remain pivotal for the market as the bulk of revenue will be generated through this category.

It is projected that the women segment by end-user will account for a CAGR of 18.9% during 2022 – 2032. The increasing awareness regarding sexual wellness and the surge in the cases of sexually transmitted diseases (STDs) is an advantageous attribute for the Global Sextech and Sexual Wellness Market.

The US to Command the Larger Proportion of Sextech and Sexual Wellness Market throughout the Analysis Period

The U.S. commands 29% of the market share and is expected to keep that position intact with an absolute opportunity growth of US$ 821 Mn to reach a valuation of US$ 650.1 Mn by 2032. Owing to the rapidly increasing cases of sexually transmitted infections (STIs), the Sextech and Sexual Wellness market is likely to be benefitted in the region

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Sextech and Sexual Wellness Market: Competition Insights

Currently, Sextech and Sexual Wellness manufacturers are largely aiming at adopting strategies such as mergers, acquisitions, and partnerships. They are working towards finding a balance between expanding their product portfolio and capitalizing on the growing market demand. The key companies operating in the Sextech and Sexual Wellness market include Aireal, Alphabet, Apple, Atheer, Facebook, SkiiMoo Tech, Coral, MyMuse, Giddy, Erika’s Confession App, Dame, Revaginate, Handi, Maude, Perfect V, Fur, Lovehoney Group, Doc Johnson Enterprises, Reckitt Benckiser Group Plc., HLL Lifecare Ltd., Karex Berhad, TENGA Co. Ltd., By Adam & Eve Stores, LifeStyles, BioFilm Inc., Bijoux Indiscrets, Intimate Organic, FUJI LATEX Co. Ltd., and Emjoy.

The key recent developments of Sextech and Sexual Wellness manufacturers are as follows:

  • In July 2022, ‘It’s A Match’, one of its kind liquid vibrator was launched by Bijoux Indiscrets aiming toward female sexual wellness.
  • In July 2022, Lovehoney Group launched a virtual sexual wellness space in the Metaverse. The rationale behind its launch is the availability of a safe, personal and private space for consumers in order to go through sexual wellness products.
  • In June 2022, Reckitt Benckiser Group Plc., officially collaborated with Amazon Advertising for testing, identifying, and enhancing their brand reach and consumer portfolio. Additionally, they have also partnered with Amazon Business in order to avail its website and e-commerce portfolio to further its consumer reach.
  • In June 2022, TENGA Co. Ltd. announced the launch of the new lineup of SD CUPs and the renewal of its existing U.S. CUPs with enhancements and additional features for further customer satisfaction and convenience.

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Key Segments Covered In Market Survey

The Sextech and Sexual Wellness Market are segmented based on distribution channel, end user, and region.

By Product:

  • VR Porn
  • Bluetooth Enabled Sex Toys
  • Pornography Video Scripting
  • Remote Sex Interfaces
  • Sex Robots

By Distribution Channel:

  • Specialty Stores
  • Direct Sales
  • Online Stores

By End User:

  • Men
  • Women
  • LGBT Community

By Region:

  • North America
    • The US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
  • The Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Nigeria
    • Egypt
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Colombia

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Semiconductor Intellectual Property Market is likely to reach a valuation of nearly US$ 12.3 Bn by the end of 2032

According to a recent market study by Future Market Insights (FMI), the global semiconductor intellectual property market was valued at US$ 6 Bn in 2021 and is projected to grow to US$ 12.3 Bn by 2032. According to the report’s conclusions, Soft IP Core will continue to play a crucial role in the market because it will account for the majority of sales. The Soft IP Core architectural design is anticipated to contribute a CAGR of 7% between 2022 and 2032.

The significant increase in semiconductor demand brought on by their use in many consumer electronics items has sparked a demand for semiconductor intellectual property.

The US to Command the Larger Proportion of Semiconductor Intellectual Property Market throughout the Analysis Period

The US commanded over 24% of the market share and is expected to maintain its position intact with an absolute opportunity growth of US$ 1.3 Bn with the market projection of US$ 3 Bn by 2032. The extensive need for consumer electronics products and the presence of accommodating litigations like the CHIPS Act aids the U.S. Semiconductor Intellectual Property Market growth.

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Semiconductor Intellectual Property Market: Competition Insights

Intel Corporation, Arm Limited, Avery Design Systems Inc., Cadence Design Systems Inc., Cast Inc., Synopsys Inc., Rambus Inc., Ceva Inc., Imagination Technologies Limited, Nvidia Corporation, TES Electronic Solutions GmBH, Digital Media Professionals Inc., TAKUMI Corporation, VeriSilicon/Vivante, and Qualcomm Incorporated are among the key semiconductor intellectual property companies worldwide.

To expand their product portfolio and simultaneously capitalize on the growing market demand, many of these companies are adopting strategies such as mergers, acquisitions, and partnerships. The key market players shaping the Semiconductor Intellectual Property Industry are also focused on new product launches furthering their position in the market.

Some of the recent developments in the semiconductor intellectual property market are as follows:

  • In April 2021, a partnership between Rambus Inc. and Lattice Semiconductor was announced. The aim behind its conceptualization is the mutual benefit of both firms from their combined technology associated with security solutions. This partnership is anticipated to aid Rambus Inc. in attracting new customers to further increase its revenue growth.
  • In April 2021, Nvidia ampere architecture GPUs were launched by Nvidia Corporation. This new product launch is aimed at next-generation desktops, servers, and laptops to increase their efficiency and make remote work possible without hampering the quality.
  • In January 2021, a licensing agreement was finalized between Ceva Inc. and the U.S. DARPA (Defense Advanced Research Projects Agency) for accelerating the technology innovations for DARPA programs. This partnership comes under DARPA Toolbox initiative, and sets up an access framework providing the DARPA organizations the ability to access Ceva Inc.’s commercially available IPs, tools and infrastructure support for expediting their programs. It also aids the company in strengthening its technological knowledge, subsequently enhancing product quality and performance efficiency.
  • In May 2020, Arm IP was launched by Arm Technology to enhance its digital portfolio. This latest product is aimed toward alleviating the customer experience by helping the Android ecosystem with the ability to innovate.

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Key Segments Covered In Market Survey

The Semiconductor Intellectual Property Market is segmented based on type, architecture design, application, and region.

By Type:

  • Verification IP
  • ASIC
  • Memory IP
  • Interface IP
  • Processor IP

By Architecture Design:

  • Hard IP Core
  • Soft IP Core

By Application:

  • Healthcare
  • Telecommunications
  • Automotive
  • Consumer Electronics
  • Others

By Region:

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

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Security Advisory Services Market is likely to reach a valuation of US$ 41.4 Bn by the end of 2032

According to a recent market study by Future Market Insights (FMI), the global market for security advisory services was valued at US$ 11.1 billion in 2021 and is predicted to grow to US$ 41.4 billion by 2032. According to the report’s findings, income from CISO Advisory and Support increased at a CAGR of 19% from 2015 to 2021.

The CISO advisory and support will develop and implement a security information program, which is designed to protect enterprises’ valuable information from internal and external threats.

BFSI Vertical continues being growth axis for security advisory services revenue

Security advisory services are mostly used in BFSI verticals as they deal with many sensitive information. The BFSI sector is emerging all over the world quickly which has resulted in increased adoption of security advisory services in this vertical. The revenue from BFSI vertical grew at a CAGR of 19.1% from 2015 through 2021.

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Security Advisory Services Market: Competition Insights

Currently, security advisory services providers are developing new service offerings and expanding their existing service offerings with the addition of new tools and modules.  The key companies operating in the security advisory services market include Cisco, DXC Technology, KPMG, Deloitte, PricewaterhouseCoopers (PwC), Tata Consultancy Services, Ernst & Young, Verizon, Rapid7, Dimension Data, eSentire Inc., Kudelski Security, NTT Security, ePlus, Coalfire, Novacoast, Inc., Security Compass, Sage Data Security and Avalon Cyber .

The key recent developments of security advisory services developers are as follows:

  • In July 2022, Deloitte announced the expansion of its Managed Extended Detection and Response Platform (MXDR) by adding four new modules for dynamic opponent intelligence, mobile device security, threat hunting, and digital risk prevention. The platform also includes enhanced cybersecurity industry intelligence. The new MXDR expansion will help organizations to take defensive actions against cyber-attacks.
  • In June 2022, DXC Technologies announced new advisory service for Australian State Government agencies. The new service will help the government to maximize value and efficiency from Oracle technology and provide better techniques and advice across process and technology.
  • In June 2021, CISCO announced its CX Business Critical Services for Cloud in ‘Future Cloud event’. The CX Business Critical Services for Cloud provide advisory services and knowledge to design, implement, secure and maximize digital changes.

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  • In January 2020, CISCO launched Cisco Cyber Vision an advanced threat detection powered by Cisco Talos. Cisco Cyber Vision can detect and deliver in-the-moment monitoring of cyber security risks to industrial processes and assets that have an impact on uptime, output and safety.
  • In November 2019, DXC Technology announced the acquisition of Virtual Clarity, a provider of IT-as-a-service transformation advisory services company. The acquisition will help DXC Technology’s ability to assess, manage and design transformations to cloud.
  • In June 2019, DXC Technology announced the opening of the DXC innovation Centre in London. The innovation centre will help company to develop and deliver high efficient solutions to the clients.
  • In April 2019, DXC Technology launched the operation of its Next Generation Security Operation centre in Malaysia to encounter cybersecurity threat in Asia. The new security operation centre helps to enhance the overall security of enterprises by joining the advanced security analytics throughout the information technology and operation technology to provide better visibility and enhanced response to possible cyber-attacks and threats.

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Key Segments Covered In Security Advisory Services Industry Survey

Security Advisory Services Market by Service Type:

  • Penetration Testing
  • Vulnerability Management
  • Security Risk Management
  • Incident Response
  • Compliance Management
  • Security Program Management
  • CISO Advisory and Support

Security Advisory Services Market by Organization Size:

  • SMEs
  • Large Enterprises

Security Advisory Services Market by Vertical:

  • BFSI
  • Government and Public Sector
  • IT and Telecom
  • Healthcare
  • Energy and Power
  • Manufacturing
  • Others

Security Advisory Services Market by Region:

  • North America Security Advisory Services Market
  • Latin America Security Advisory Services Market
  • Europe Security Advisory Services Market
  • Asia Pacific Security Advisory Services Market
  • Middle East & Africa Security Advisory Services Market

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Global Palletizing Machines Market To Expand At A 5.2% Value CAGR By 2032 – FMI

The global palletizing machines market is expected to secure US$ 4,195 Million in 2032 while expanding at a CAGR of 5.2%. The market is likely to hold a value of US$ 2,523.5 Million in 2022. Increasing medical advancements are resulting in a need for sophisticated palletizing machines, which in turn are boosting the market demand for these machines.

Additionally, the market for automated palletizing machines in the food and beverage sector is expanding. As a result, over the past few years, the market for palletizing machines has increased. The market saw an overall growth rate of 6.5% between 2016 and 2021.

For any product or brand, packaging is an essential component of the marketing mix. There is a growing demand for new packaging machines that is suitable for the new changing requirements of the packaging industry. Manufacturers are inclined to provide their products in a short period of time.

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Palletizing machine offers automatic stacking cases of goods and products onto a pallet. The demand of the palletizing machines is increasing due to the narrow time duration between the productions of the product and reaching the warehouses of the distributors. Apart from that placing boxes on palates manually can be time consuming process which also an important reason for adopting palletizing machines.

Palletizing Machines: Market Dynamics

Palletizing Machines market is expected to be driven by the increasing growth of food & beverages industry that in turn escalation the growth of Palletizing machines market during the forecast period. The food & beverages industry is expected to generate maximum revenue in palletizing machines market as compare to the other end user because itis reliant on manual labor to palletize the products. Apart from that lowering the time to deliver the products and increasing competition also expected to positively influence the sales of palletizing machines during the forecast period.

Growing urbanization and increasing purchasing power of the consumers are expected to fuel the demand of palletizing machines in the pharmaceutical industry because increasing consumptions of medicines and other over the counter products help to increase the adoption of palletizing machines for enhancing the speed of the packaging processes which will diminish the transportation time of the drugs. Moreover, rapid industrialization in emerging countries such as China, India, Indonesia and Brazil have helped to increase the usage of chemical and petrochemical products which in turn acceleration the demand of palletizing machines during the forecast period.

To cater to the increasing demand of chemical and petrochemical products the manufacturers are expanding their capacity of the production or they are investing in Greenfield projects. Manufacturers are using palletizing machines for assemblingthe product on the pallet to transport their products rapidly in palletizing machines market. In addition, the palletizing machines market is also anticipated to high growth owing to the growing demand of consumer durable goods and electronic products. Robotic palletizers is gaining traction in the palletizing machines market during the forecast period.

Palletizing Machines Market: Regional outlook

In terms of geography, the global Palletizing Machines market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to grow at a high rate during the forecast period due to the presence of developing countries such as India and China where the demand of the product is very high. North America and Europe is also expected to witness a healthy growth in near future. But some developed countries in Europe is anticipated to grow at a slower pace as compare to the developing countries during the forecast period. But the Middle East and Africa region is expected to be slothful in the upcoming decade.

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Palletizing Machines Market: Key players

Some of the key players in the global Palletizing Machines market are American-Newlong Inc., Adept Technology Inc., A-B-C Packaging Machine Corp., ABB Flexible Automation Inc., Brenton Engineering Company, Bastian Material Handing LLC, BEUMER Corporation, ABB, FANUC Robotics America Inc., C&D Skilled Robotics Inc., Priority One Packaging Ltd etc. Key players also emphasizing for mergers and acquisitions with the local players to increase the product portfolio and also to penetrate their business into emerging countries. Also the companies in palletizing machines market are increasing their product portfolio to obtain new customers as well as to retain existing customers.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Palletizing Machines: Market Segmentation

The global palletizing machines market is segmented on the basis of product type and palletizing technique, end user

Based on the product type the global Palletizing Machines market is segmented into:

  • Bulk Palletizers
  • Case Palletizers
  • Bag Palletizers
  • Pail Palletizers
  • Others Palletizers

Based on the palletizing technique the global Palletizing Machines market is segmented into:

  • Manual Palletizing
  • Semi-automated Palletizing
  • Automatic Palletizing

Based on the end user the global Palletizing Machines market is segmented into:

  • Food & Beverages
  • Pharmaceuticals
  • Cosmetics & Personal care
  • Chemical
  • Others

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

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Mobile Substation Market Is Expected To Reach US$ 1,879.6 Million By 2032

The global mobile substations market is expected to reach a valuation of US$ 1879.6 Mn in 2032, with the market growing at a healthy CAGR of 7.2% from 2022 to 2032. Driven by extensive application in the utility sector, the target market will likely reach an estimated US$ 934.7 Mn by the end of 2022.

Mobile substations are often used to fill electricity gaps in the grid which results in large-scale application of the same in the utility sector as these substations play a vital role in transmitting and distributing power. Hence, usage in utility sector is a primary growth-driver for the mobile substations market during the forecast period.

Escalating degree of power transmission issues along with an imbalance within the transmission network amplify the demand for mobile substations. This is because mobile substations assist in strengthening the dependability of the primary high-voltage transmission grid. The concept of a modular, plug-and-play mobile substation allows grid connections and stability under any conditions. This positively impacts the market for mobile substations.

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Furthermore, the increasing demand for renewable energy also propels the target market growth. The elevated need for smooth renewable energy integration into the electric grid, caused by an upsurge in the amount of clean energy projects is boosting the demand for mobile substations. Again, the capacity of power systems to recover as quickly as possible from major weather events and natural disasters is advantageous to local businesses and communities.

Besides, the growing demand for electricity necessitates the usage of a new efficient and effective transition management strategy which would make full use of mobile substations. The continuous evolution of the share of renewable energy in centralized and decentralized grids also contributes to the demand for mobile substations. These considerations will likely drive the growth of the mobile substations market during the forecast period.

“Rise in the number of clean energy projects coupled with usage of mobile substations as temporal grids is expected to drive the global demand in the mobile substations market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • A lack of awareness regarding mobile substations may impede their market growth.
  • The mobile substation market in North America will lead the global growth with ownership of 26.3% of the overall market share.
  • Rapid industrial development will propel mobile substation market in the Asia Pacific region.
  • Start-ups in this market are supplying personalized solutions to meet end user demands.

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Competitive Landscape 

General Electronic, Hitachi ABB Inc., Siemens AG, Qingdao MEIDENSHA CORPORATION, Enerset Power Solutions, and Aktif Group of Companies among others are some of the major players in the mobile substations market profiled in the full version of the report.

Leading market players are keen on finding solutions to energy issues and entering new economies to expand their operations. These businesses engage in agreements, partnerships, and collaborations to strengthen their market positions.

More Insights into Mobile Substations Market Report

In its latest report, FMI offers an unbiased analysis of the global mobile substations market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (trailer mounted mobile substation, skid mounted mobile substation, containerized, others), voltage (high voltage, medium voltage), end use (industrial, manufacturing, energy and power, transportation and logistics, aerospace and marine, IT and telecommunications, oil and gas, mining, military, chemical, others), and region.

According to the latest FMI reports, based on region, the mobile substation market in North America will display notable growth during 2022-2032. Accounting for 26.3% of the overall market share, the regional mobile substation market will be driven by a well-established industrial sector, rising need for power, coupled heightened power demand arising due to natural disasters and other challenges, particularly in the U.S.

Asia Pacific’s mobile substation market will also demonstrate impressive growth during this period. Densely populated countries along with rapid industrial growth will spur the demand for mobile substations in this region. A surge in the sales of mobile substations is to be expected due to rising awareness about adequate transmission and the rising need for uninterrupted power supply.

Key segments

By Type:

  • Trailer mounted mobile substation
  • Skid mounted mobile substation
  • Containerized
  • Others

By Voltage:

  • High Voltage
  • Medium Voltage

By End Use:

  • Industrial
  • Manufacturing
  • Energy and Power
  • Transportation and Logistics
  • Aerospace and Marine
  • IT and Telecommunication
  • Oil and Gas
  • Mining
  • Military
  • Chemical
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us:

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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North America Residential Ball Valves Sales Are Projected To Soar Between 2022 And 2032 At A Value CAGR Of About 5.6% | FMI

The North America Residential Ball Valves Market is expected to reach US$ 321.2 Mn in 2022, growing at a CAGR of 5.6% from 2022 to 2032, according to Future Market Insights analysis.

The market for residential ball valves witnessed growth for the last few years, primarily due to growing residential construction activities, part of which goes to remolding activities. The U.S. and Canada have a developed residential infrastructure, therefore, remolding activities in which old homes are renovated account for a significant share of construction activities. However, the steady increase in the population and increased urbanization have resulted in a moderate increase in new residential construction like apartments and condominiums, which has been optimistically impacting the market for ball valves for residential applications.

The FY2020, the market for residential ball valves witnessed decline in sales, part of which was due to decreased demand. However, the market showed v-shaped recovery in FY2021 and demand went to pre COVID levels, but since China was suffering from lockdowns and COVID protocol at that time, which caused significant supply constraints and this factor increased the raw material cost for the time being.

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Key Takeaways of Residential ball valves Market Study

  • Over the course of the forecast period, the value of the brass residential ball valves is projected to increase at a value CAGR of 4.9% to reach around US$ 183.0 Mn by 2032
  • In terms of End Use, Villas is anticipated to create an absolute dollar opportunity worth US$ 35.7 Mn.
  • In the global market, Floating ball valves are projected account for more than 64% share by the end of forecast period.
  • By Diameter, 1″ segment will grow with a CAGR of 7.0% through the forecast period.
  • By Country, U.S. is expected to remain dominant throughout the forecast period and is anticipated to account for more than 80% of market share by 2032.

Growth in population, urbanization and remolding activities will increase the residential activities within North America region and this is anticipated to escalate demand for ball valves for residential application in the region.” says Future Market insights analyst

Competitive Landscape

The market is moderately concentrated, with top players accounting for no more than 36% of market revenue in 2021. The unorganized sector includes both European and Chinese brands, which sell their products through local dealers and distributors. European brands depend on their high durability, whereas Chinese brands’ USP remains their significantly lower pricing.

The ASC Engineered Solutions., Danfoss A/S, Apollo Valves, Parker Hannifin, Zurn Industries LLC and Legend Valves. are a few of the market’s major participants.

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More Insights into the Residential ball valves Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the North America Residential Ball Valves market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on by material type, by valve type, by diameter, by end use and by country.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

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Key Segments Covered in Residential Ball Valves Industry Analysis

Residential Ball Valves Market By Valve Material:

  • Brass
  • Stainless Steel
  • PVC
  • Glass Fiber-Reinforced Polypropylene Ball Valve
  • Others

Residential Ball Valves Market By Valve Type:

  • Floating
  • Trunnion Ball
  • Others

Residential Ball Valves Market by Diameter:

  • 3/8″
  • 1/2″
  • 3/4″
  • 1″
  • 1 ¼”
  • upto to 2″

About Us:

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

Contact:
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Plot No: JLT-PH2-X2A
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Demand For Inspection Machines Is Likely To Accelerate At A CAGR Of 5.1%, Through 2032 | Says FMI

The global inspection machines market is expected to bolster over the projection with a robust CAGR of 5.1% over the forecast period from 2022 to 2032. The global market is anticipated to be appraised at US$ 1,053.5 Mn by 2032, up from US$ 643.1 Mn in 2022. It has been observed that a surging number of inspection checkpoints are present throughout the production line. This is likely to drive the sales of inspection machines. Although, integrating inspection equipment into the manufacturing and packaging line is difficult because of the complexity of machines and the heightened end-use environment. Conversely, increasing investments in biotech and pharma research and development (R&D) activities are anticipated to generate remunerative opportunities for the market.

Several research studies, along with various product development and launches are anticipated to surge the growth of the inspection machines market trends. A new VT-X750-V3 system, which is considered to be the fastest CT-type X-ray inspection device, was released by OMRON Corporation in 2021. Other market players launched X-ray technologies OEM product range for industrial and pre-clinical X-ray imaging systems.

Over the recent years, a new concept of the non-destructive testing device with the help of a novel carbon nanotube (CNT) based miniature X-ray tube has been introduced recently. Such advancement is estimated to increase the adoption of inspection machines since they can be used for small-scale internal inspection of objects.

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Key Takeaways

  • Product recalls have been surging due to unearthed issues including such cases when it is defective or at risk of health or both. Furthermore, rising regulatory compliance with good manufacturing practices (GMP) is contributing to the presence of major governmental and non-governmental authorities that inspect the final products deployed in the market by manufacturers. These factors are expected to propel the demand for inspection machines.
  • Within the pharmaceutical sector, several regulatory agencies such as the Food and Drug Administration (FDA), European Medicines Agency, and the Pharmaceuticals and Medical Devices Agency carefully monitor the compliance of manufacturers with Current Good Manufacturing Practice (CGMP) regulations to ensure the quality of drugs and medical devices. These regulations are important as they ensure product safety, and the claims of ingredients provided are verifiable.
  • The prominence of CMOs and CROs has surged in manufacturing and packaging due to the possibility of reducing timeframes with simultaneously offering external validation and expertise. Since contract manufacturers have specialized teams that can efficiently grasp client quality standards are now known to be a valuable source for OEMs. These aforementioned factors are likely to accelerate the growth of the inspection machines market share.
  • Developing markets have witnessed a surge within the unorganized healthcare systems. Due to this, the lack of adequate infrastructure and poverty limit the expansion of the industry. Additionally, there has been an increase in the demand for refurbished machines, although these machines are expensive. These factors are expected to hinder the global market growth.

Competitive Landscape

The inspection machines market share is predicted to increase as manufacturers are searching to expand their production and presence all over the market through several strategic tactics such as various collaborations and product launches. Furthermore, the industry is becoming highly competitive amongst market players in terms of product variation and pricing.

More Insights into the Inspection Machines Market

North America is expected to witness lucrative growth opportunities over the projection period by accounting for a total revenue of around 23.5%. This has been attributed to several types of research that have been conducted over the years based on the importance of the inspection of devices during manufacturing.

Sound manufacturing practices must be inherently built right into the manufacturing process since they are unable to get tested on individual batches of products. Therefore, the inspection machines market growth is anticipated to propel attributing to such research to emphasize the importance of GMP.

Prominent market players are focusing on introducing technologically advanced gadgets with systems such as the In-Sight 3D-L4000 embedded vision system. It allows engineers to be quicker and more accurate and cost-effectively solve a range of inspections on automated production lines through the implementation of 3D laser displacement technology.

Owing to rising technological advancements, recently, a new concept for a non-destruction device has emerged which is based on an X-ray tube. With the help of carbon nanotube-based miniature x-ray tubes, such devices are gaining traction in the global inspection machines market. These technological advancements are expected to bolster market growth over the projection period.

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Key Segments Profiled in the Inspection Machines Market Survey

By Packaging Type:

  • Blisters
  • Ampoules
  • Syringes
  • Vials

By Machines:

  • Colour Sorters
  • Checkweighers
  • Metal Detectors

By End User:

  • Pharmaceuticals
  • Medical Devices

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us:

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

Contact:
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Plot No: JLT-PH2-X2A
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Mining Drill Market Is Projected To Reach A Value Of US$ 4996.7 Mn By 2032- FMI

The global mining drill market is projected to reach a value of US$ 4996.7 Mn by 2032, with the market growing at an average CAGR of 4.7% from 2022 to 2032. By the end of 2022, this market will likely reach an estimated US$ 3144.4 Mn. Rising demand for efficient mining solutions and need for strong machinery propels the growth of the mining drill market during the forecast period.

Machines used for drilling purposes at mining sites where the equipment must drill holes into the Earth’s surface or rocks to retrieve mineral ores are referred to as mining drills. These holes are wider than they are deep, and the drill bits are made to meet the mining requirements. Every underground mining operation needs drilling equipment to bore deep and precise holes. This fuels the demand for the target market.

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Further, different mine drilling equipment on the market promise straight and steep holes in a short time with hardly any power loss. Mining drill equipment is constantly enhanced by integrating advanced technical developments that boost precision and speed. This has a positive impact on the overall growth of the mining drill market.

Moreover, there’s been a notable rise in mining activities across the world, particularly in emerging economies. In recent years, rising economic regions are the main growth drivers of the target market as mining drill machines are being extensively used in the advancing mining operations taking place in these regions.

Again, there’s a prevailing demand for faster and more precise drilling operations. The global mining sector is, thus, seeking more efficient mine drilling equipment that can drill meticulous, straight, and clean holes while consuming less energy. This bodes well for the growth of the mining drill market during the forecast period.

“Advancing mining activities in emerging economies will likely drive the global growth of the mining drill market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Rising environmental concerns may hamper the market growth.
  • The mining drill market in Europe will hold 21% of the market share in 2022.
  • By the end of 2022, Asia Pacific’s mining drill market will own about 13% of the overall market share.
  • North America’s mining drill market will account for 18% of the market share.
  • By technique, the rotary drilling segment will register a heightened demand.

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Competitive Landscape 

Joy Global Inc., Sandvik AB, Caterpillar Inc., Metso Corporation, Atlas Copco AB, Komatsu Ltd., Liebherr, Epiroc, Boart Longyear, and Doosan Corporation among others are some of the major players in the mining drill market profiled in the full version of the report.

Leading market players are focusing on strategic industry-wide cooperation and partnerships with financial institutions to offer better financing alternatives to consumers. These organizations are increasing their investment in research and development activities to improve machine operations and adopting different technologies to differentiate their product offerings from others to remain competitive.

More Insights into Mining Drill Market Report

In its latest report, FMI offers an unbiased analysis of the global mining drill market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application (mining drill rigs, mining drill jumbos, rock mining drill surface crawlers), operation (diesel operated mining drills, battery/ electric operated mining drills), technique (rotary mining drill, track mining drill, compact core mining drill, down-the-hole mining drill, top hammer mining drill), mounting (handhold mining drill, pusher leg mining drill, rig mining drill, column & bar mining drill, carriage mining drill), fluid used (liquid filled, foam filled air filled), and region.

According to the latest FMI reports, based on segmentation, the rotary drilling technique segment will perform remarkably well during the forecast period. The high versatility of this segment will result in market domination of this segment during 2022-2032.

Based on region, the mining drill market in Europe will dominate the global space and account for 21% of the overall share in 2022. The presence of large quantities of minerals, crude oil, gas, and other such commodities will stimulate mining activities in this region and contribute to the target market growth. In addition, North America and the Asia Pacific regions will also exhibit substantial growth in the mining drill market during 2022-2032. A surge in the number of coal mining projects, especially in the U.S. and Canada, will offer several lucrative opportunities to the mining drill market in North America while in increasing automation of building and mining operations will fuel the market in the Asia Pacific region during the forecast period.

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Key Segments Covered in the Mining Drill Industry Analysis

Mining Drill Market by Application:

  • Mining Drill Rigs
  • Mining Drill Jumbos
  • Rock Mining Drill Surface Crawlers

Mining Drill Market by Operation:

  • Diesel Operated Mining Drills
  • Battery/Electric Operated Mining Drills

Mining Drill Market by Drilling Technique:

  • Rotary Mining Drill
  • Track Mining Drill
  • Compact Core Mining Drill
  • Down-the-Hole Mining Drill
  • Tophammer Mining Drill

Mining Drill Market by Mounting:

  • Handhold Mining Drill
  • Pusherleg Mining Drill
  • Rig Mining Drill
  • Column & Bar Mining Drill
  • Carriage Mining Drill

Mining Drill Market by Drill Fluid Used:

  • Liquid Filled
  • Foam Filled
  • Air Filled

Mining Drill Market by Region:

  • North America Mining Drill Market
  • Latin America Mining Drill Market
  • Europe Mining Drill Market
  • Asia Pacific Mining Drill Market
  • Middle East and Africa Mining Drill Market

About Us:

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 6-years.

Contact:
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