Market Research Blog – Page 9316 – New Product Development

Interactive Whiteboards Market Future Scenarios, Growth & Analytical Insights – 2030

Android form of whiteboard have three time more attractive elements than online, uncovers FMI in its as of late distributed worldwide interactive whiteboards market report. Training, exploration, and the scholarly world vertical have shown to be the vital promoters of enormous progressions being developed of interactive whiteboards.

A popularity for brilliant study halls and shrewd learning hardware has been seen on a worldwide scale, powering the interest for interactive whiteboards that imitate genuine communications.

Clients working in instructive organizations are making weighty ventures to purchase interactive whiteboards and contact sheets in mass and coordinate them the institutional framework. The execution and establishment of these equipment arrangements is supposed to open shifted income streams for the worldwide market.

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The interest for brilliant training, determinedly developing number of COVID-19 positive patients, and vulnerability over next scholarly year has brought about expanding number of understudies to sign up for virtual classes, in this way impelling the market at a noteworthy rate.

COVID-19 Impacts Interactive Whiteboard Market Positively

Governments across the globe trying to ensure spread of COVID-19 legislated stringent nationwide lockdowns. Authorities are requesting citizens to incorporate social distancing measures, which caused a mayhem in the education industry, resulting in deferred admission, delayed exams, and no clarity about the next academic year.

With strict lockdowns in effect, citizens of these countries are staying indoors and avoiding high pubic throughput venues. Students and corporate employees are required to work from home and attend lectures and meeting online.

Interactive Whiteboards Market Outlook & Key Findings

The global market is estimated to record a market value worth more than US$ 400 Mn by the end of 2020 with increasing significance of e-learning and virtual learning environments
Procurement of interactive whiteboards for educational use is the primary contributor to the growth of the global interactive whiteboards market
Assembled interactive whiteboards with integrated software and collaborative tools for operational applications to drive adoption
COVID-19 pandemic to boost adoption of interactive whiteboards nationwide lockdowns and social distancing measures disrupts schools and colleges

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Key Strategies Incorporated by Interactive Whiteboards Market Players

Demand for interactive whiteboards continues to increase in emerging economies of Latin America and Africa where educators are tackle low budget and lack of infrastructure
Private schools in the Middle East and Africa (MEA) to use new technologies to promote themselves
Economies such as India and China are rapidly implementing a foray of smart learning initiatives, which has led to a surge in adoption of interactive whiteboards and touch boards in the regional market
Remote working to boost demand for interactive whiteboards as conferences and meetings require virtual setups
Online training to up demand for interactive whiteboards as they mimic real-life training sessions with perfect ease

Competitors Focus on Innovation Strategies to Stay Ahead

Well-established vendors operating in the global interactive whiteboards market are focusing on offering innovative software and collaborative tools for end users looking to upgrade their existing interactive whiteboard systems.

For instance, SMART Technologies Inc. launched SMART Notebook Maestro software, as a part of the SMART Notebook Software platform enables teachers to remotely control the content that their students can view.

Following are the key players operating in the global interactive whiteboards market –

Xiamen Interactive Technology Co., Ltd
SMART Technologies ULC
PROMETHEAN LIMITED
Boxlight
Seiko Epson Corporation
InFocus Corporation

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Key Segments Covered

Solution

Hardware
Software
Collaborative Tools

Type

Resistive
Capacitive
Electromagnetic
Laser Scan
Ultrasound
Infrared

Size

Below 50 in
50 in – 79 in
79 in – 89 in
89 in – 99 in
Above 99 in

Application

Corporate
Educational
Others

Operating System

Windows
macOS
Others

Region

North America
Latin America
Europe
East Asia
Southeast Asia and Pacific
Middle East and Africa

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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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LED & OLED Lighting Products and Displays Market Analysis Report by Marketing Strategy, Promotions, New Product Launches & Emerging Trends by 2025

Future Market Insights (FMI) conveys key experiences on the Middle East LED & OLED lighting products and displays in its most recent report titled, “LED & OLED Lighting Products and Displays Market: Middle East Industry Analysis and Opportunity Assessment 2015-2025”. Center East LED & OLED lighting products and displays market is projected to enlist a solid CAGR of 14.3% and 4.9% separately regarding esteem during the estimate time frame (2015-2025). This predominantly credited to different elements, with respect to which FMI offers detailed bits of knowledge in its report.

Based on item type, Middle East LED & OLED lighting products market has been divided into sun oriented and traditional. Sun based portion represented 6.5% worth portion of the market in 2014 and is supposed to enlist a CAGR of 17.8% over the gauge period.

Result type, Middle East LED & OLED show market has been portioned into versatile displays, buyer TV displays and open air LED displays. Versatile displays section represented 15.4% worth offer in 2014 and is supposed to enroll a CAGR of 7.8% over the figure period.

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However, in terms of value, consumer TV segment is projected to be dominant by 2025, accounting for market share of 75.7%, as compared to mobile displays segment, with 20.7% share.

On the basis of end use, Middle East LED and OLED lighting products market is segmented into residential and commercial; among these, commercial segment accounted for a value share of 67.1% in 2014, which is projected to decrease to 65.2% by 2025. In Middle East LED & OLED lighting products market, residential segment is projected to exhibit the highest CAGR of 14.8% over the forecast period.

In Middle East LED and OLED displays market, outdoor LED displays segment is further segmented on the basis of product type and colour display. On the basis of product type, outdoor LED display segment is further sub-segmented into LED Billboards, LED mobile panels, LED video walls and LED traffic lights displays.

Key players in the Middle East LED & OLED lighting products and displays market include GE Lighting, LLC, OSRAM Licht AG, Daktronics Inc., and Samsung Electronics Co. Ltd. Major participants are focusing on R&D activities to provide innovative and environment-friendly products to attain sustainability. These key players are also focusing on expansion and strategic acquisitions to strengthen their product portfolio.

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Key Segment

LED & OLED Lighting Products

By Product Type
Solar
Conventional
Linear and Strips
Lamps and Bulbs
By End Use
Residential
Commercial

Key Regions/Countries Covered

GCC
UAE
KSA
Qatar
Oman
Bahrain
Kuwait
Levant
Turkey

LED & OLED Display Market

By Product Type
Mobile display
AMOLED
OLED
LCD
Consumer TV display

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Web Real Time Communication (Web RTC) Solution Market Future Scenarios, Growth & Analytical Insights – 2031

According to a revised report by Future Market Insights (FMI), the global web real time communication solution market is expected to grow at a CAGR of 44.4% over the forecast period (2021-2031). The growth can be attributed to the growing interest in real-time communication over the internet, with a market valuation expected to reach US$ 4,528.3 Mn by 2021.

In 2021, the demand for web real time communication solution market is expected to exceed US$4,528.3 million. According to Future Market Insights (FMI) research, the market will grow at a 44.4% CAGR between 2021 and 2031, as enterprises all over the world demonstrate enthusiasm for web real time communication solutions and administrations.

Aside from that, the market is being driven by the cost-saving advantages offered by cloud-based arrangements of web real-time communication solutions, as well as an increasing number of web clients. The rising interest in real-time communication over programme and portable applications is one of the key factors driving the development of the web real time communication solution market.

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Key Takeaways from Web Real Time Communication Solution Market Study

Large enterprise applications will dominate the market through 2031 with 60.4% value share, supported by large-scale data transformation requirements in these businesses and increasing demand from small and medium enterprises.

The IT & telecom industry will reflect higher adoption rates holding 29% of the market in 2021, supported by the introduction of 5G technologies. China leads the East Asia market, reflecting a CAGR of over 49.3% through 2031, with growing demand for cost effective web real time communication solution for SMEs in the region.

The U.S. market is projected to expand at a CAGR of 42.8% through 2031, supported by the presence of key players in the market. Germany will hold the lead in Europe by the end of 2031, with a CAGR of over 54.5% owing to the rising penetration of the internet and smartphone technologies in the region.

“Growing adoption of secure & robust communication coupled with increasing demand from small and medium enterprises is expected to drive the adoption of web real time communication solution. Digital transformation investments are expected to create opportunities in the foreseeable future for the web real time communication solution market,” says a Future Market Insights (FMI) analyst.

Impact of COVID-19 on Web Real Time Communication Solution Market

The COVID-19 pandemic has disrupted many industries, including the market for web real time communication solutions and services. Different industry verticals have suffered notable losses as a result of mobility and travel restrictions for public health reasons, among other social distancing measures.

Disruptions in services are having an impact on economies and trade, given the role of services in offering inputs connecting supply chains and facilitating trade. The extent of impact on trade varies by mode of supply and sector.

Trade involving proximity among consumers and suppliers is severely impeded. The COVID-19 crisis is leading to greater adoption of online services in retail, education, health, and telecom sectors. The outbreak of the COVID-19 crisis has led to the withdrawal of several corporate events, international seminars, trade shows, and investor presentations. As a result, these events have turned towards web real time communication solutions and services for communication, thereby driving the market growth.

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Who is winning?

The moderately consolidated web real time communication solution market is characterized by players who are increasingly focusing on the development of new product offerings in addition to strategic endeavors towards geographical expansion. Moreover, growing demand for automation and digitalization tools is anticipated to drive the growth of the web real time communication solution market.

Prominent players in the web real time communication solution market include but are not limited to Avaya Inc., Google Inc., Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd., Ericsson, TokBox Inc., Mitel Networks Corporation, AT&T Inc., Plivo Inc., and Twilio, Inc., among others.

More Valuable Insights on Web Real Time Communication Solution Market

A revised market research report published by Future Market Insights (FMI) on the global web real time communication solution market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.

The report provides valuable insights on the basis of component (WebRTC solution and services); enterprise size (SMEs and large enterprises); industry (IT & telecom, BFSI, media & entertainment, healthcare, government, manufacturing, and others), and across six major regions.

Competitive Landscape

According to the Future Market Insights analysis, Avaya Inc., Google Inc., Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd., Ericsson, TokBox Inc., Mitel Networks Corporation, AT&T Inc., Plivo Inc., and Twilio, Inc., among others are identified as key players in the web real time communication solution landscape.

Companies offering web real time communication solution are aiming for innovation in their offerings and strategic partnerships with other software vendors in order to enhance their portfolios while addressing the demand of an expanding customer pool. Introduction of new solutions and services and strategic partnerships are key with the top players in the web real time communication solution landscape.

For instance, in March 2020, Ribbon Communications Operating Company, Inc. launched “Work@Home”, a cloud-based offering to provide advanced remote working capabilities for enterprises. The cloud-based offerings include comprehensive Unified Communications and Collaboration solution with the company’s smart office that is aimed at providing screen sharing, conferencing, and group chat services on for mobile and desktop users.

Web real time communication solution providers are also focusing on entering into partnerships with technology and digital solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios.

For instance, in September 2019, Cisco Systems completed the acquisition of Voicea, a provider of real-time solutions. The acquisition was aimed at enhancing the former company’s Webex portfolio with transcription services that merged artificial intelligence and the automated speech recognition together.

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Market Segmentation by Category

Component:

WebRTC Solution
- Cloud based
- On premise
Service
- Consulting Services
- Integration & Implementation Services
- Design & Development Services
- Support & Maintenance

Enterprise Size:

SMEs
Large Enterprises

Industry:

IT & Telecom
BFSI
Media & Entertainment
Healthcare
Government
Manufacturing
Others

Region:

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

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Battery Management System Market Size To Reach US$ 37,715.01 Mn By 2032 | New Opportunities Planning By Future Market Insights

The worldwide battery management system market Size is esteemed at US$ 7329.28 Million out of 2022 and is determined to collect a market worth of US$ 37.715 Billion of every 2032. The market is set to extend its foundations with a powerful CAGR of 17.8% through 2032. Beforehand, the market developed at a lower CAGR of 7.2% (2017-2021).

A battery management system (BMS) is an electronic system that stays aware of the best sufficiency of battery-fueled batteries. The system manages batteries by controlling the load environment, checking battery state, and as necessary changing the charging.

It furthermore has credits like cell balance, cell noticing, prosperity/affirmation, and charging control/checking. Such characteristics’ unwavering quality is allowing the market to develop. This is particularly clear by virtue of the vehicle business. Electric vehicle bargains are creating, and serious restrictions highlighted diminishing tainting are giving a lift to the vehicle region’s advantage.

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The car business, as indicated by FMI, will keep on representing most of deals over the projection period. The developing notoriety of e-bicycles and electric vehicles will guarantee consistent interest in the market.

Key Takeaways of Battery management system (BMS) Market Study

Increasing demand for disruptive battery management systems will enable the battery management system market exhibit above 15% Y-o-Y growth in 2021
The U.S. will remain a lucrative market for sales accounting for over 84% of North America market despite dip in demand exhibited in 2020 amid COVID-19
The U.K. will exhibit a little below 10% Y-o-Y growth in 2021, after relatively slower growth recorded in 2020
Germany and France will continue exhibiting high demand for battery management systems
South Korea and Japan will lucrative markets for BMS in East Asia

Growing Uptake of Rechargeable Batteries to Boost Market

In the consumer electronics industry, the use of rechargeable batteries is increasing. Power tools and vacuum pumps, for example, employ rechargeable batteries. Given this, the market is being driven by a rise in demand for these items.

Increased popularity of electronic devices such as power tools, garden tools, portable medical equipment, portable battery packs, and other technology items will also boost market growth throughout the predicted period.

More Valuable Insights on Battery management system (BMS) Market

A new market research report published by Future Market Insights (FMI) on the global battery management system (BMS) market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of battery type (lithium ion, advanced lead-acid, and others), topologies (centralized, modular, and distributed), components (battery control unit and battery communications interfaces (CAN bus)), application (automotive (electric vehicles,E-Bikes, and others), military (military drones, submarines,and others), consumer/ handheld (power tools, home appliances, and others), healthcare, retail & CPG, others), telecom, energy (grids, wind/solar farms, and others) and others across six major regions.

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Competitive Landscape

The battery management system market is fragmented by the several key vendors present in the market to lift the market share of battery management system. These players are using various tactics to acquire bigger share in the market in recent years.

Market is open to monopolization and can be seen getting influenced from the major players. Though the latest experiments are helping the space to be wide.

Recent Market Development

L&T has introduced its custom-designed battery management system that keeps the electric vehicles in the safe zone that has better temperature management with 90% efficiency, 20% cost reduction. This is likely to fuel the demand for battery management system.
Toshiba electronic device lyd has launched its battery/power management system that develops new products by applying it to multiple formats. Brand ensures the improvement of safety, high efficiency, and miniaturization (Small size package).

Key Segments

Battery Type:

Lithium Ion
Advanced Lead-Acid
Others

Topologies:

Centralized
Modular
Distributed

Components:

Battery Control Unit
Battery Communications Interfaces (CAN bus )

Application:

Automotive
Military
Consumer/ Handheld
Telecom
Energy

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Recordable Optical Disc Market Size, Share 2029: Present Scenario & Growth Prospects

According to a new report released by Future Market Insights, the recordable optical disc market, which was valued at approximately US$ 2.5 billion in 2022, is expected to decline in the coming years (FMI) According to the report, the Recordable Optical Disk Market is expected to decline at a CAGR of -3% over the forecast period (2022-2029) to reach a market valuation of US$ 2 Bn by the end of 2029. as a general sense of ageing poses a potential threat According to FMI’s investigation, the languor is despite the reliance on visual structures for capacity.

The global recordable optical disc market is expected to have total assets of US$ 2.5 billion in 2022, but is expected to decline at a CAGR of -3% over the forecast period (2022-2029) to reach a market valuation of US$ 2 billion by the end of 2029.

According to the report, the growth of well-known media-administrations suppliers, for example, Spotify, Apple Music, and TIDAL, began to exert pressure on the ubiquity of recordable optical disc designs. Media specialist organisations redesigned media usage guidelines, and the reception rate of these media web-based features grew rapidly.

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‘Manufacture-On-Demand’ DVDs and Blu-Ray Discs- Marking a New Milestone for Growth

As per the report, the trend of ‘manufactured-on-demand’ DVDs and blu-rays of popular TV shows and movies is favouring the market players. For instance, Amazon exclusively sells a series of ‘manufactured-on-demand’ DVDs and blu-rays of popular Nickelodeon shows and movies.

Moreover, popular media-services providers, such as Netflix, have also started bringing back popular TV series and movies in DVDs and blu-ray formats to treat their loyal subscribers, which in turn has resulted in a promising comeback for DVDs and Blu-ray discs.

The report opines that blu-ray disc will continue being the top-seller, with revenues estimated to approach US$ 2 Bn in 2022. Optimum storage capacities with ‘best-in-class’ features remain two of the key selling points of blu-ray discs. Sales of the recordable optical disc via online channels will continue to put offline channels in the shade.

Professional Use of Recordable Optical Disc to Show Positive Leaps,

As per the report, media houses continue to rely on recordable optical disc formats for local storage, followed by software and IT ecosystems. Key players in the recordable optical disc market are focusing on incremental innovations that would further help them boost their sustenance in the market.

Apart from product features, brands are also focusing on nourishing the longevity of their recordable optical disc offerings via reflective layers. In addition, strategic partnerships seem the best way forward for the brands to sustain with considerable revenue growth, states the research study.

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COVID-19 Crisis Evaluation

The COVID-19 pandemic worsened the already in-bad-shape recordable optical disc industry. The manufacturing sector was majorly impacted by pandemic restrictions across the world. In the first quarter of 2020, as coronavirus infections spread, the world went into a lockdown situation and disrupted market activities on a global scale.

As factories all over the world were shut, it hindered the production and manufacturing of recordable optical discs. The market for recordable optical discs was already experiencing a downfall, and this pandemic made the situation worse.

However, optical discs are still vital in many professional operations where the reliability of these discs has been proven time and again. This factor alone is expected to somewhat slow down the decline in demand for recordable optical discs in the post-pandemic era.

Competitive Landscape

Recordable optical disc manufacturers are struggling to make sales due to increase in popularity of advanced storage technologies that are being widely adopted. However, recordable optical disc suppliers are now focusing on data security and secure data storage for enterprise use and are trying to boost their sales revenue via commercial channels of application.

In July 2021, Apple TV+, a subscription-based streaming service, announced the launch of its first physical media disc release. The title ‘Defending Jacob’ a limited series was released on DVD storage media and Blu-ray. More titles are expected to be released on physical discs from Apple TV+ streaming service.
In June 2020, Sony a leading electronics manufacturer announced the launch of a new optical disc capable of storing data for 100 years. The new disk is capable of reading at a rate of 3 Gbps and writing at a rate of 1.5 Gbps.

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Key Segments of Recordable Optical Disc Industry Survey

Recordable Optical Disc Market by Product Type:

Compact Discs (CD)
Digital Versatile Discs (DVD)
Blu-ray Disc

Recordable Optical Disc Market by Sales Channel:

Online Sales of Recordable Optical Discs
Offline Sales of Recordable Optical Discs
Sales of Recordable Optical Discs by Distributors
Sales of Recordable Optical Discs by Resellers
Direct Sales of Sales of Recordable Optical Discs

Recordable Optical Disc Market by End Use:

Recordable Optical Discs for Consumers
Recordable Optical Discs for Professionals
- Software/IT
- Media Industry
- Healthcare
- Education
- Public Department
- Other Commercials

Recordable Optical Disc Market by Storage Capacity:

Below 5GB Recordable Optical Discs
5-10 GB Recordable Optical Discs
Above 10 GB Recordable Optical Discs

Recordable Optical Disc Market by Region:

North America Recordable Optical Disc Market
Latin America Recordable Optical Disc Market
Europe Recordable Optical Disc Market
East Asia Recordable Optical Disc Market
South Asia & Pacific Recordable Optical Disc Market
Middle East & Africa (MEA) Recordable Optical Disc Market

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Smart Camera Market Analysis with Booming Trends Supporting Growth & Forecast 2022 to 2032

During the forecast period, smart camera sales are expected to grow at a rapid CAGR of 25.8%. By 2032, the smart camera market is expected to be worth US$ 151,187.6 Mn, up from US$ 15,247.6 Mn in 2022.

Expanded reception of smart cameras across businesses, a more noteworthy accentuation on wellbeing and security, and various different elements are completely expected to work on the deals of smart cameras. The key smart camera market driver remembers an increment for crime, which incorporates both intra-territorial wrongdoing and cross-line psychological warfare. The utilization of smart cameras permits us to monitor what is happening in the most delicate regions. This is supposed to build the interest for smart camera.

The public authority and different offices are spending considerably in smart cameras, as public safety starts things out while unveiling any government assistance choice. In light of market research, it is anticipated that the semiconductor area would grow during the estimate time frame at a good CAGR of around 12%. Little parts called semiconductors are put inside electronic gear to help their speed and viability. Accordingly, the deals of smart cameras are expected to develop altogether during the estimate time frame.

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Furthermore, drones are used by military personnel for security purposes. These drones target the necessary object using their smart cameras. Due to a number of advantages the smart cameras offer, namely monitoring and precise targeting, the government and defence authorities are eager to invest more and more in them. Smart camera manufactures make the cameras in a way that allow users to watch videos/images in a variety of ways.

The ability to receive notifications while recording a new clip is predicted to boost smart camera demand. To achieve the greatest outcomes, the smart camera has an incredible ability to collaborate with other components. This means that smart cameras can modify their settings based on lighting devices, colour devices, alerts, and so on. As a result, the smart camera market size is anticipated to witness growth throughout the forecast period.

Key Takeaways from Smart Camera Market

According to Future Market Insights report, the lenses used in smart cameras will have the greatest market share of 24.5% in 2021. The lens market is expected to develop at a CAGR of 21.6% during 2022-2032.
Processors follow lenses in terms of market share, accounting for 22.4% in 2021.
In 2021, the communication interface has a market share of 10.6% and is expected to grow at a CAGR of 17.2% by 2032.
The consumer category had the biggest market share of 26.3% in 2021, and this segment is predicted to increase at a CAGR of 22.3% throughout 2032.
The commercial sector had the next biggest market share of 19.3% in 2021, and it is predicted to develop at a CAGR of 25.1% during the forecast period.
The military and defense sector had 15.8% of the market in 2021 and is predicted to grow at a CAGR of 21.7% during 2022-2032.
The healthcare and pharmaceutical segment held 11.7% of the market and is expected to grow at a CAGR of 20.6% by 2032.
The food and beverage business had a 7.4% market share in 2021 and is expected to increase at an 18.7% CAGR throughout 2032.
In 2021, the United States held an 18.1% share of the North America smart camera market, which is predicted to increase at a CAGR of 20.8% during the forecast period.
In 2021, the UK held a 9.7% share of the Europe smart camera market, which is predicted to increase at a CAGR of 21.4% during 2022-2032.
China was the largest smart camera market in Asia Pacific in 2021, with a 12.8% share, and the market is predicted to develop at a CAGR of 24.2% during the forecast period.
Japan held a 3.5% share of the Asia Pacific smart camera market, which is expected to develop at a CAGR of 22.6% by 2032.

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“Rapid technological improvements, combined with increased R&D spending, are expected to boost the smart camera market. This is predicted to have a favourable impact on the adoption of smart cameras.” – FMI Analyst

Competition Landscape in the Smart Camera Market

With an emphasis on enhancing camera performance, key competitors are primarily working on sensors to increase the overall sensitivity of the device. The sensors are expected to be unveiled after 2024. Currently, the 108 MP and 200 MP sensors are the most widely accessible. In the future, the leading players are likely to focus on creating 576 MP sensors.

Key players in the Smart Camera Market includes Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, XIMEA GmbH

Recent Developments in the Smart Camera Market:

Olympus introduced the 72DL PLUSTM ultrasonic thickness gauge in March 2022, which enables accuracy thickness measurements at high speed in a portable, user-friendly device.
Nikon delivered the LuFact ultra-compact machine vision camera in July 2022 to help expedite digital transformation at manufacturing plants.

Zooming in Focus on Key Trends in the Smart Camera Market

The market valuation of smart camera in 2017 was US$ 5184.5 million. In 2021, the market valuation grew to US$ 12227.4 million. The historical CAGR of the smart camera market stands at nearly 23.9%. But if we compare it with the anticipated CAGR during the forecast period, which is around 25.8%, not much difference is observed.

But, the point to be noted is that be it the historical CAGR or the anticipated CAGR, the growth rate has been solid throughout.

Moreover, if we compare the valuation of smart camera market in 2017, which was US$ 5184.5 million, with the anticipated market size in 2032, which is expected to be US$ 151187.6 million, the figures speak volumes. This is mainly because of the increasing application of these cameras, mainly as security systems and surveillance cameras.

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Smart Camera Market Segmentation

By Components:

Image Sensor
Memory
Processor
Communication Interface
Lens
Display
Others

By Applications:

Transportation and Automotive System
Healthcare & Pharmaceutical
Food & Beverages
Military & Defence
Commercial Area
Consumer Segment
Others

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Wearable Computing Devices Market Future Plans, Growth with Quantitative & Regional Analysis by 2032

The worldwide wearable computing devices market is supposed to be worth US$ 37,557 Mn in 2022, ascending to US$ 217,237.2 Mn by 2032. The deals of wearable computing devices are supposed to develop at a CAGR of 19.2% during 2022-2032.

The wearable computing devices market size is supposed to increment during the extended period as they help clinicians in remotely checking patient wellbeing. Buyer interest in shrewd wellness contraptions is expanding since they help in the counteraction of mortality brought about by ailments like diabetes, coronary illness, heftiness, and asthma.

Moreover, because of these reasons, interest for wearable computing devices is supposed to grow over the gauge period. Because of expanded interest for wellbeing checking, the wearable computing devices market share is supposed to develop.

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Brilliant watches, savvy contact focal points, shrewd glasses, shrewd textures, and e-materials are a portion of the instances of wearable innovation. Deals of wearable computing devices are supposed to increment all through the projection period as a result of the benefits and expansive assortment for buyers. A portion of the elements of wearable computing devices that are driving market extension incorporate ongoing information arrangement, nearby capacity, and convenient plan.

Wearable computing devices leading companies are also introducing wearable devices that can link to smartphones. Furthermore, the demand for wearable computing devices has increased noticeably in the domains of health and fitness, medicine, gaming, music, transportation, and education. Customer apathy and data security concerns are important impediments to the expansion of the wearable computing device market.

Key Takeaways from Wearable Computing Devices Market

North America is one of the most appealing markets for wearable computing devices, with the United States leading the way. The United States is expected to occupy more than 19.6% of the market for wearable computing devices.
With a CAGR of 19% over the forecast period, China is expected to have the biggest development potential in the wearable computing devices market.
Following China, the India wearable computing devices market is expected to grow at an 18% CAGR during the forecast period.
With a 27% market share, the ear worn segment dominates the wearable computing devices market.
With a 22.3% market share, the fitness tracker category ranks second in the wearable computing devices market. The growing popularity and accessibility of fitness trackers among the general public is driving this increase.
With a 30.9% market share, the fitness and wellness segment lead the wearable computing devices market.

“The leading manufacturers of wearable computing devices are focusing on industry-specific wearables. They are also integrating wearable technology with management systems like as customer relationship management (CRM) and facial recognition to ensure effective communication.” – FMI Analyst

Competition Landscape in the Wearable Computing Devices Market

The wearable computing devices market is very fragmented and competitive. These devices are in greater demand in the healthcare industry due to rising fitness awareness. Additionally, as consumers’ purchasing power rises in emerging countries, wearable technology’s multiple applications present tremendous growth opportunities. The competition in the market is also increasing as new competitors enter the sector.

Key players in the wearable computing devices market includes Apple Inc., Adidas AG, Nike Inc., Samsung Electronics Co. Ltd., Fitbit Inc.

Recent Developments in the Wearable Computing Devices Market:

In may 2020 – Garmin unveiled the Quatrix 6X Solar, the latest addition to its new nautical GPS smartwatch series, which features a transparent solar charging display that harnesses the sun’s energy to extend battery life.
In January 2020, Nuheara, a smart-hearing company, debuted their IQbuds2 MAX earbuds. This device combines Active Noise Cancellation with the ability to modify and improve the wearer’s soundscape. Customers can also personalize their acoustic environment with this device.

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Wearable Computing Devices Market by Category

By Product Type:

Smartwatches
Head Mounted Displays
Smart Clothing
Ear Worn
Fitness Trackers
Body Worn Camera
Exoskeleton
Other

By Application:

Fitness and Wellness
Medical and Healthcare
Infotainment
Industrial and Defense
Other

By Region:

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

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Smart Fitness Market – Business Opportunities & Global Forecast by 2031

The overall smart fitness market pay amounted to ~US$ 13 Bn in 2020, according to Future Market Insights (FMI). The general smart fitness market size should show up at ~US$ 50 Bn by 2031, creating at a CAGR of 12% for 2021 – 31.

According to the smart fitness industry assessment by Future Market Insights (FMI), the premium signed up for the market will increase at a sound CAGR of 12% from 2021-2031.

The report similarly gauges that the market will beat a valuation of ~US$ 15 Bn close to the completion of 2021. As per FMI, headways in wearable recognizing advancements and ship off of pocket-obliging wearable fitness trackers for prosperity checking and watching out for clinical issues will remain supervisor improvement drivers.

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In the past two or three years, the rising omnipresence of wearable fitness trackers has encouraged makers to focus in on cultivating the new plans and models in kind of gatherings and looks as well as seeming to be rings, pendants, and recognizable pieces of proof that can be actually passed or associated on to clothing.

Key Takeaways: Smart Fitness Market

By component, the smart accessories segment is anticipated to account for the leading share in the global demand for smart fitness. The segment is estimated to grow at a robust CAGR through 2031.
The adoption of smart accessories like smart watches is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a 2X between 2021 and 2031.
North America is expected to lead the market followed by Europe in 2021.
South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
The market in U.K. is expected to progress at a CAGR of around 15% through 2031.
In the India, sales are expected to increase at a CAGR of nearly 18% over the next ten years.

Demand for Wearable Devices is Bolstering the Market Growth

The demand for wearable devices such as smart bands, smart watches, activity trackers integrated with AI capabilities is increasing as these devices help in detecting irregularities in health data and give early warnings for condition like heart disease or diabetes. AI-enabled wearable devices are gaining traction as they help in monitoring the health and give alerts about movements, incorrect posture, and other vital health factors.

Wearable device provides fitness, sleep, and recovery data to help an individual adopt a healthy lifestyle. Many smart watch vendors are adding blood oxygen sensors in their device as standard, ECG monitors, and other functionalities to provide warnings or early signs of potential ailment and make suggestions about improvement in health.

Demand for Wearable Devices is Bolstering the Market Growth

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More Valuable Insights on Smart Fitness Market

FMI’s report on the smart fitness industry research is segmented into three major sections – component (smart accessories, strength training equipment, cardiovascular equipment, cross-training equipment), smart accessories (smart watches, smart bands, activity trackers, heart rate, monitor, pedometer, sleep quality monitor), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the smart fitness demand outlook.

Smart Fitness Outlook by Category

By Component:

Smart Accessories
Strength Training Equipment
Cardiovascular Equipment
Cross-training Equipment

By Smart Accessories:

Smart Watches
Smart Bands
Activity Trackers
Heart Monitor
Pedometer
Sleep Quality Monitor

By Region:

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

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Medical Cleaning Devices Market is expected to grow at 10.5% CAGR over 2022-2032

[342 Pages Report] The global Medical Cleaning Devices market is set to witness an impressive growth rate of 10.5% over the forecasted years of 2022 to 2032. The medical cleaning devices market size is anticipated to reach a valuation of around US$ 58.5 Billion by the end of year 2032 from the current valuation of US$ 21.5 Billion in 2022.

The global medical cleaning devices market is expanding as a result of an increase in surgical operations and the incidence of chronic illnesses around all economies of the world. Ultrasonic cleaners, automated washers, and manual hand washing are the three most often utilised cleaning techniques for medical equipment.

Finding heat sterilization alternatives has become necessary as surgical equipment made of materials other than stainless steel have been introduced. The need for modern sterilization equipment is rising due to trends of creating a central sterile services department or the Sterile Processing Department in order to reduce the amount of time and money needed in the procedure.

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Furthermore, profitable growth is anticipated for the market as in addition to sterilizing medical equipment, microorganisms are also eliminated. In medical settings, steam and EtO sterilization are the most often used sterilization techniques.

Akin to how single-use devices have become more popular, critical devices category no longer require as much cleaning, disinfection, and sterilization, which is expected to impede demand for medical cleaning devices in the global market to some degrees.

Key Takeaways from Market Study

The overall growth of the global medical cleaning devices market is estimated to be around US$ 37 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 10.5%.
Disinfection category is the most lucrative among all the technique segments provided by the global market players that acquires more than 50% of the business.
Among the different types of medical devices, semi-critical devices requires the most amount of cleaning making it the largest segment with a share of more than 46%.
North America is the dominating market with an overall share of nearly 34% as recorded by the global medical cleaning devices market survey report for the year 2021.
Contrastingly, Asia Pacific holds the highest growth potential owing to its rapidly expanding healthcare infrastructure and improving standard of living.

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Competitive Landscape

Some of the well-known global medical cleaning devices market players are Steris plc, GetingeAB, Advanced Sterilization Products, The Ruhof Corp., Sklar Surgical Instruments, Sterigenics International LLC, Biotrol, Metrex Research, LLC, Oro Clean Chemie AG, Cantel Medical Corp., Ecolab, and 3M among others.

Manufacturers will profit from terminal sterilization while boosting the efficacy and adoption of medical cleaning devices services, which is projected to accelerate in the near future. This technique is anticipated to increase patient safety and reduce hospital expenses as well.

Recent Developments in the Global Medical Cleaning Devices Market:

Metrex developed surface disinfectant wipes 2.0 CaviWipes in April 2021. These wipes are fully approved for the Emerging Viral Pathogen Claim EPA’s and are effective against 42 diseases, including SARS-CoV-2.
The largest group for infection prevention and control (IPC) specialists is the Association for Experts in Infection Control and Epidemiology (APIC) that also formed a strategic partnership with Metrex Research, LLC in August 2021. The APIC Strategic Partnership program fosters enduring relationships with business partners that share the objective of reducing infection risk.

Global Medical cleaning devices market by Segmentation

By Device:

Non-critical
Semi-critical
Critical

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By Technique:

Cleaning
- Detergents
- Buffers
- Chelators
- Enzymes
- Others
Disinfection
- Chemical
  - Alcohol
  - Chlorine & Chorine Compounds
  - Aldehydes
  - Phenolics
- Metal
- Ultraviolet
- Others
Sterilization
- Heat Sterilization
- Ethylene Dioxide (ETO) Sterilization
- Radiation Sterilization

By EPA Classification:

High Level
Intermediate Level
Low Level

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Zika Virus Testing Market: Top Trends and industry overview to watch for in 2031

The global zika virus testing market experienced a moderate incline, experiencing a CAGR of just above 2% between 2017 and 2020, being valued at a little over US$ 4 billion, as per ESOMAR-certified firm Future Market Insights (FMI) latest report on the landscape.

Growth was majorly underpinned by the introduction of numerous point-of-care powerful testing approaches to facilitate timely detection of the virus.

According to FMI’s analysis, clinicians have been exhibiting a high preference towards enzyme linked immunosorbent assay (ELISA) tests.

Compared to other immunoassay methods, ELISA tests are more accurate, are considered highly sensitive, specific and compare favorably with other methods used to detect substances in the body, such as radioimmune assay (RIA) tests.

Prominent players are experiencing immense growth opportunities across tropical regions, attributed to the high concentration rate of the zika virus across such regions as the Caribbean, Central America, Africa and the Asian sub-continent.

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Players such as EUROIMMUN have emerged at the forefront, being the first diagnostics company to provide a testing approach to detect the zika virus. Its product lines include the Anti-Zika Virus ELISA (IgA or IgG or IgM or IgAM) fully automatable test and the IIFT Arbovirus Fever Mosaic 2 (IgG or IgM) test.

Key Takeaways from FMI’s Zika Virus Testing Market Study

By test type, ELISA-based zika virus testing surpassed US$ 4 billion until 2020
By end-user, private commercial laboratories to remain primary point of contact for availing zika virus testing
Multiple regulatory approvals for various testing approaches by the FDA to bolster US zika virus testing market growth
Brazil to attract major zika virus testing providers amid increasing governmental initiatives to contain its spread
Growing focus on pregnant women’s health to accelerate testing volumes in Puerto Rico
UK to experience limited uptake amid the non-notifiable nature of the disease due to limited outbreaks

Competitive Landscape

Prominent zika virus testing manufacturers are reliant on offering advanced testing approaches in order to yield quicker results so as to facilitate timely treatment.

Besides, key research laboratories and organizations also emphasize on expanding their testing capabilities by virtue of strategic acquisition and collaboration agreements.

In 2017, the US FDA issued an Emergency Use Authorization (EUA) to authorize the RealStar^®Zika Virus RT-PCR Kit for the in vitro qualitative detection of Zika virus with specified instruments.

This test is offered by Altona Diagnostics GmbH, and tests presence of the virus in human serum, EDTA plasma and/or urine. Similarly, ARUP Laboratories offers both serology and RT-PCR tests for detecting the zika virus. The former is called the Zika Virus IgM Antibody Capture (MAC) based on the ELISA technique. In the latter case, the test is conducted by collecting patients’ blood or urine samples.

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Key Segments Covered

Test Type

Rapid IgG/IgM Test
ELISA Test

End-User

Hospitals & Clinics
Private Commercial Laboratories
Government/Publicly Funded Programs

Region

North America & Europe (US, UK, Germany, Spain, France, Italy and Rest of Europe)
Latin America (Brazil, Mexico, Colombia and Rest of LATAM)
Central America (Costa Rica, Nicaragua, Guatemala and Rest of Central America)
Caribbean (Puerto Rico and Rest of the Caribbean)
South East Asia (Thailand, Singapore, Vietnam and Rest of South East Asia)
Rest of the World (North Africa and South Africa)

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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