Market Research Blog – Page 9395 – New Product Development

Mailers Market Important Changes in Industry Dynamics during 2022-2032

The global mailers market is expected to reach a valuation of US$ 2.9 Bn in 2022. With sales growing at a 5.1% CAGR, the market valuation will reach US$ 4.8 Bn by 2032. Packaging companies across the globe are using mailers as a reliable and protective solution while shipping products.

Padded mailers are generally made from polyethylene, kraft paper, and fiber-based materials. the Increasing demand for electrical gadgets is propelling sales of cushioned mailers, which is expected to augment the growth in the market.

Manufacturers are including to improve the capabilities of mailers. They are also using recyclable materials to keep up with the sustainability drive across the globe. Key players are investing in cohesive cold seal packaging techniques in mailers to ensure maximum protection of products.

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These mailers ensure optimal sealing for cold seal materials and does not bind with other comparable materials, thereby reducing distribution costs and damage incurred while shipping cold products. These mailers reduce the shipping time and maintain the quality of products packed within.

Padded mailers do not require structural support and thick padding. This improves their efficiency in transporting goods, taking lesser time, while enabling manufacturers to store and ship them in smaller spaces

Further, cushioned mailers are being adopted in the ecommerce sector owing to their benefits such as cost-effectiveness and light weight. Increasing sales of various products through online retail channels will continue pushing sales in the market.

“Surging demand for eco-friendly packaged solutions across the globe is boosting sales of paper mailers, thereby augmenting the growth in the market. Besides this, increasing investments in research and development by key market players to improve the efficacy of cushioned mailers will drive the market over the forecast period,” says an FMI analyst.

Key Takeaways:

· Based on material, sales in the paper mailers segment will account for 60% of the total market share, offering an incremental opportunity of US$ 1.3 Bn over the forecast period.

· The sales of cushioned mailers are estimated to increase at a 5.9% CAGR through 2032.

· The consumption of mailers in the shipping and logistics industry is expected to remain high.

· The U.S. is anticipated to dominate the North America mailers market owing to the presence of a robust ecommerce sector in the country.

· Demand in the China mailers market will grow at a 6.5% CAGR over the forecast period.

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Global Mailers Market Landscape

Sealed Air Corporation,
ProAmpac LLC,
3M Company,
Georgia-Pacific LLC,
Pregis LLC,
Intertape Polymer Group Inc.,
PAC Worldwide Corporation,
VP Group (Vereinigte Papierwarenfabriken GmbH),
Storopack Hans Reichenecker GmbH,
PolyPak Packaging,
Bravo Pack Inc.,
Polycell Group,
Insulated Products Corporation,
MAILERS HQ,
BETA(ShenZhen) Package Products Co.Ltd

are some of the leading players operating in the global mailers market.

Global Mailers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for mailers market by material type (paper mailers, plastic mailers), product type (cushioned mailers, non-cushioned mailers), insulation (insulated mailers, non-insulated mailers), end use (manufacturing & warehousing, shipping & logistics, e-commerce) across seven regions.

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Global Mailers Market by Category

By Material Type:

Plastic
Paper

By Product Type:

Cushioned Mailers
- Bubble Mailers
- Padded Mailers
Non-Cushioned Mailers

By Insulation:

Insulated
Non-Insulated

By End Use:

Manufacturing & Warehousing
- Pharmaceuticals
- Electrical & Electronics
- Cosmetics & Personal Care
- Automotive
- Food
- Others
Shipping & Logistics
E-commerce

By Region:

North America
Latin America
Europe
Middle east and Africa
East Asia
South Asia
Oceania

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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Filter Bags Market Size, Share, Growth Trends, and Forecast Analysis to 2032

The global filter bags market is estimated at USD 2.5 Bn in 2021 and is projected to procure USD 2.7 Bn by 2022. The market is anticipated to garner USD 4.3 Bn by 2032 while recording a CAGR of 4.9% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing initiatives of the government to reduce air pollution and the rapid urbanization taking place across various developing countries.

Moreover, the growing cement and mining industries are another salient factor augmenting the industry in the assessment period. The growing usage of filter bags in coal-fired power plants is likely to offer significant opportunities for expansion in the industry in the forecast period.

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On the contrary, fluctuating prices of raw materials are expected to be the major factor hindering the market expansion. Moreover, the complexity of pollution control reforms is another factor impeding the industry expansion in the forecast period.

Key Takeaways from the Market Study

The global filter bags market to hold a value of USD 4.3 Bn while recording a CAGR of 4.9% during the forecast period.
Oil & Gas segment to expand at a CAGR of 5.6% during the forecast period
The U.S market expected to secure USD 716 Mn while expanding at a CAGR of 4.4%
China to record a CAGR of 4% during the forecast period
India to witness a CAGR of 6% during the forecast period

“The global filter bags market is expected to show a remarkable growth in the forecast period owing to the growing environmental concerns and the increasing imposition of stringent rules by the government of several countries to curb the air pollution.”

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Competitive Landscape

Key players in the global filter bags market include Babcock & Wilcox Co., Pall Corporation, Thermax D Ltd., Eaton Corporation, and Mitsubishi Hitachi Power Systems Ltd.

Some of the recent key developments among the players are:

In May 2021, Mitsubishi Heavy Industries, Ltd. disclosed an agreement under which Mitsubishi Power Ltd. would be integrated into MHI. According to the new agreement, the business operations and employees of Mitsubishi Power involved in the sale, design, installation, and engineering of thermal power generation systems would be transferred to MHI.
In February 2022, Babcock and Wilcox Enterprises, Inc. disclosed that it had acquired Fossil Power Systems, Inc., an eminent manufacturer of natural gas, hydrogen, and renewable pulp and paper combustion equipment.

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Key Segments Covered in the Filter Bags Industry Report

By Type:

Air Filter Bags
Liquid Filter Bags

By Size:

7″ OD x 17″ Long Filter Bag
7″ OD x 32″ Long Filter Bag
4″ OD x 10″ Long Filter bag
4″ OD x 17″ Long Filter Bag
6″ OD x 20″ Long Filter Bag

By Media:

Woven Filter Bags
Non-Woven Filter Bags

By Application:

Filter Bags for Oil & Gas
Filter Bags for Mining
Filter Bags for Cement
Filter Bags for Power Plants
Filter Bags for Automobiles
Filter Bags for Water Treatment
Filter Bags for Aerospace, Defense & Marine

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Key Questions Answered in the Report

What is the estimated market value of the global filter bags market?
What is the estimated size of the global filter bags market in 2021?
Which region is projected to garner maximum market share?
What is the expected growth rate of China?
Which segment is anticipated to dominate the market?
Who are the key participants of the global filter bags market?

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Smart Classroom Market : Key Players, Applications, Outlook, SWOT Analysis & Forecast 2022 to 2032

According to a recently published Future Market Insights report, the Smart Classroom Market will be worth $71.5 billion in 2021 and will grow at a CAGR of 7% from 2022 to 2032. The market is expected to be worth US$ 152.4 billion by the end of 2032.

During the pandemic, the education sector went online. During the lockdown, schools and universities began to offer lessons online and used e-Learning technology, which fueled industry growth.

Curriculum management software, e-textbooks, management platforms, and communication platforms are just a few examples of educational technology that has improved their effectiveness. Furthermore, the cost of educational technology devices and the internet data required to use them has decreased.

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Virtual Learning Environments (VLEs), like comprehensive developments in remote learning, are breaking down physical boundaries to education, extending its reach beyond the walls of institutional facilities. VLEs are not only for delivering lessons via online platforms.

They also allow full-fledged assessments, projects, exams, progress records, rapid feedback, and other features. While kids and teachers can customize their profiles on these portals, parents can obtain daily reports on their child’s development via email, text messaging, or other methods.

Even on school grounds, technology-driven smart classrooms may improve students’ learning experiences through active, sophisticated audio-visual learning. Furthermore, the application of AI and insights may help teachers better monitor their learners, providing them with an accurate picture of each student’s strengths and limitations.

Key Takeaways from the Market Study

Global Smart Classroom Market is expected to reach a market size of US$ 152.4 Bn by 2022.
In terms of End-use, the K-12 education segment is expected to account for the highest CAGR of 7.3% during the forecast period.
In terms of component, the Hardware segment is expected to account for highest CAGR of 7.1% during the forecast period.
United States is projected to remain the dominant market with an absolute dollar growth opportunity of US$ 17.6 Bn during 2022 – 2032.
The market in India is set to experience the highest CAGR of 7.4% during the 2022-2032 forecast period.

“During the projected period, the rise of K-12 Education in terms of end-use can become a key driver in raising the Smart Classroom market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

Market participants are pursuing a variety of strategic initiatives, including partnerships, mergers and acquisitions, collaborations, and the creation of new products and technologies. Some of the key market participants in Smart Classroom market include Microsoft Corporation, Dell Inc., Apple, Inc., Fujitsu Ltd., Cisco Systems, Inc., Discovery Communication, Dynavox Mayer-Johnson, Huawei Technologies Co., Blackboard Inc., and SAP SE.

Some of the recent developments in the smart classroom market include:

In January 2022, Teachmint Technologies Pvt. Ltd, an e-learning company for teachers and students, purchased MyClassCampus (Teachmint Technologies Pvt. Ltd), an ERP platform for educational enterprises, in January 2022. By merging its learning management system (LMS) along with ERP software, Teachmint will be able to increase its offerings in schools and other educational institutions.
In March 2021, Huawei Technologies Co., Ltd. announced the debut of a smart classroom solution which depends on the HUAWEI IdeaHub Board as well as the educational cloud platform. This approach is utilized for online education, live broadcasting, and remote teaching. Moreover, the group discussion scenario allows instructors and students to exchange material and engage with one another, enhancing student interest and encouraging them to take charge, thereby improving the learning environment and efficiency.
In May 2021, SAP SE introduced SAP Learning Hub, a free learning resource for students and teachers. This new free programme for the next generations of talent will provide the information and opportunities needed to attain in-demand digital skills.
In February 2020, Blackboard Inc. revealed the acceptance of its edtech software and services for Navajo Technical University (NTU). Through the cooperation, the firm provides its cloud-based installation of a Learning Management System (LMS), online educational solution, course material accessibility service, blackboard collaborations, blackboard studies, blackboard ally, and IT help desk services.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Smart Classroom Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Smart Classroom Market in terms of Component (Hardware, Software, Services), End-use (Early Education, K-12 Education, Higher Education, Language Education, Vocational Education), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA)).

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Market Segments Covered in Smart Classroom Market Analysis

By Component:

Hardware
- Interactive Whiteboards
- Digital Displays
- Smart Projectors
- Others
Software
- Learning Management Software
- Student Response Software
- Classroom Management and Assessment Software
- Distance Learning Solutions
- Security
- Others
Services
- Managed/Outsourced
- Professional

By End-use:

Early Education
K-12 Education
Higher Education
Language Education
Vocational Education

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Smart City Platforms Market Worldwide Analysis & New Opportunities Explored 2022 to 2032

According to a recently published Future Market Insights report, the Smart City Platforms Market is expected to grow at a CAGR of 10% between 2022 and 2032, with revenues estimated at US$ 156.1 billion in 2021. The market is expected to be worth US$ 446.7 billion by the end of 2032.

Enterprise Resource Planning is critical for streamlining processes and improving corporate operations across industries. The Internet of Things (IoT) and large data influxes are already causing havoc in the ERP environment, opening up new avenues for continuous improvement and process automation. Because of the dizzying pace of technology, today’s ERP environment is extremely complicated.

A small-scale ERP deployment typically takes three months to complete, but a larger-scale project can take up to two years. Meanwhile, significant technological advances may occur in parallel with the two-year deployment. The introduction of lower-cost cloud computing and SAAS services has complicated the marketing of ERP software.

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Integration and deployment of smart city platform solutions with ERP solutions is a difficult task that must be done in stages. The outdated ERP solutions are insufficient for independent operation and meeting customer needs. Furthermore, businesses are hesitant to transition to an Integrated Workplace Management System (IWMS) or Computerized Smart City Platforms (CAFM) technology.

Larger businesses would prefer traditional enterprise resource planning (ERP) technology. Furthermore, smart city platform solutions should not be used as stand-alone solutions in the digital architecture of the facility. Combining smart city platforms with ERP systems is frequently required. In addition, integrating smart city platform solutions and services with ERP systems is a difficult process that must be completed in stages.

Key Takeaways from the Market Study

Global Smart City Platform Market is expected to reach a market size of US$ 446.7 Bn by 2022.
In terms of Offering, the Platform segment is expected to have the highest CAGR of 9.3% during the forecast period.
In terms of Delivery Model, the Hybrid segment is expected to account for the largest CAGR of 8.7% during the forecast period.
United States is projected to remain the dominant market with absolute dollar growth opportunity of US$ 84.9 Bn during 2022 – 2032.
The market in U.S is set to experience the highest CAGR of 9.3% during the 2022-2032 forecast period.

“The surge in venture capital investments by major corporations will benefit the Smart City Platform industry trends in the coming years.” comments a Future Market Insights analyst.

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Competitive Analysis

The research discusses key trends in the smart city platform industry as well as inorganic and organic growth methods. Various firms are focusing on organic growth strategies such as product approvals, new product releases. The strategy noted in the sector included mergers and acquisitions, partnerships, and collaborations. These measures have paved the way for market players to grow their business and strengthen distribution network.

Some of the recent developments in smart city platform market include:

In October 2021, Siemens took over Wattsense, a French start-up company. Siemens gained the ability to assist businesses throughout Europe in complying with Energy Performance of Buildings Directive due to this purchase (EPBD). This regulation requires tertiary sector buildings to include control and automation technologies that improve energy efficiency and reduce CO2 emissions.
In June 2021, Microsoft and Mejo collaborated with Palantir and Sompo Holdings. The firms hoped to facilitate innovative capabilities of connected car data throughout the world through this partnership. Furthermore, the collaboration would help Wejo’s goal of building vendor-agnostic industry rules in connected car data, as well as applications across numerous industries such as fleet, insurance, smart city, payments, and mobility, among others.
In March 2021, Hitachi has acquired GlobalLogic, a US-based product engineering services firm. Through this takeover, the firm aimed to expand its key segments, namely IT, Energy, Industry, Mobility, and Smart Life and Astemo.

More Insights Available

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

The study reveals extensive growth in Smart City Platform Market in terms of Offering (Platforms, Services), Delivery Mode (Offshore, Hybrid, Onshore), Application (Smart Transportation, Public Safety, Smart Energy & Utility, Infrastructure Management, Citizen Engagement), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA)).

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Market Segments Covered in Smart City Platforms Market Analysis

By Offering:

Platforms
- Connectivity Management Platform
- Integration Platform
- Device Management Platform
- Security Platform
- Data Management Platform
Services
- Professional Services
- Managed Services

By Delivery Model:

Offshore
Hybrid
Onshore

By Application:

Smart Transportation
Public Safety
Smart Energy & Utility
Infrastructure Management
Citizen Engagement

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Smart Baggage Handling System Market Current Scenario Trends, Comprehensive Analysis & Regional Forecast 2022 to 2032

The Smart Baggage Handling System Market revenues were estimated at US$ 3.8 Bn in 2021 and is anticipated to grow at a CAGR of 19.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 27.9 Bn.

Small airports’ baggage handling is simple, but it becomes considerably more intricate in remote airport locations and can result in skyrocketing prices and poor service. The increase in passengers passing through the air terminal intensified the level of luggage, which is the reason why the sky terminal has implemented automated solutions to handle luggage more quickly.

The present baggage handling system, which airports and airlines operate, relieves ground personnel of their duties. This system quickens the baggage process to provide passengers with greater satisfaction. It has organized baggage displays and speedy sorting, tracking, and inferring systems that aid in the prevention of potential safety hazards.

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The overall objective of the smart baggage-handling system is to make the whole operation more cost-effective. Automation makes a big contribution to quicker turnaround times. Mechanisms ensure that the baggage of the appropriate passenger goes to the required airplane with the right cargo.

Key Takeaways from the Market Study

Global Smart Baggage Handling System Market is expected to reach a market size of US$ 3.8 Bn by 2022.
In terms of Technology, the Radio Frequency Identification (RFID) segment is expected to have the highest CAGR rate of 21.8% during the forecast period.
In terms of Solution, Conveying is expected to account for the highest CAGR of 20.5% during the forecast period.
United States is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 9.7 Bn during 2022 – 2032.
The market in U.S is set to experience the highest CAGR of 21.7% during the 2022-2032 forecast period.

“During the projected period, the rise of Radio Frequency Identification (RFID) technology can become a key driver in raising the Smart Baggage Handling System market revenue. Furthermore, increased venture capital investments by key corporations will benefit the Smart Baggage Handling System industry trends in the coming years.” comments a Future Market Insights analyst.

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Competitive Landscape

The Smart Baggage Handling System Market is highly concentrated, with only a few competitors accounting for the vast majority of market share. These companies are raising their profits as well as market shares through smart joint projects. Some development in this Smart Baggage Handling System Market include:

In January 2020, Siemens Logistics’ bid to implement a newer hold baggage screening systems at Dublin Airport’s Terminal 2 was successful. The contract calls for the replacement of the current HBS as well as the installation of an extra line to improve capacity even more. This project presents a unique difficulty in that it must be completed without interfering with routine flight operations or passenger operations.
In April 2020, Vanderlande has been named Heathrow Airport’s strategic baggage supplier for another ten years. The newly inked ‘pan-airport’ agreement will include the Terminals’ operation, design, build and maintenance programs, as well as smart baggage control room services. Both organizations will collaborate to further create an integrated strategy that will expand on their existing connection.

More Insights Available

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

The study reveals extensive growth in Smart Baggage Handling System Market in terms of Type of Transportation (Airport, Railway Station), Technology (Barcode System, Radio Frequency Identification), Solution (Sorting, Conveying, Tracking and Tracing, Diverting, Others), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market Segments Covered in Smart Baggage Handling System Market Analysis

By Type of Transportation:

Airport
- International
- Domestic
Railway Station

By Technology:

Barcode System
Radio Frequency Identification (RFID)

By Solution:

Sorting Smart Baggage Handling Systems
Conveying Smart Baggage Handling Systems
Tracking and Tracing Smart Baggage Handling Systems
Diverting Smart Baggage Handling Systems
Other Smart Baggage Handling Systems

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Social TV Market Recent Trends, Development, Comprehensive Analysis & Regional Forecast 2022 to 2032 2022-2032

The Social TV Market revenues were estimated at US$ 1.8 Bn in 2021 and is anticipated to grow at a CAGR of 11.1% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 5.9 Bn. Revenue through Social TV Software is projected to grow at a CAGR of 11.8% during 2022 – 2032.

The industry is being pushed by the increasing global popularity of social media platforms. Over the previous decade, social media platforms have emerged as the world’s most disruptive trend. It has drastically altered the way people interact, obtain information, and enjoy themselves.

The overall frequency of social media consumers reached 3.5 Bn in 2019, representing around 33% of the worldwide population, which is further expected to rise in the future.

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As social media platforms become more popular, enterprises are exploiting their capabilities to obtain insights on customer behavior to create a better customer experience. The television and entertainment industries are also cooperating with social media businesses to improve client engagement and experience.

The integration of social media sites into television allows for the convergence of social layers into entertainment and allows users to engage with other viewers while watching television.

Key Takeaways from the Market Study

Global Social TV Market is estimated to reach a market size of US$ 2.1 Bn by 2022.
In terms of Solution, the Software segment is expected to have the highest CAGR rate of 11.8% during the forecast period.
In terms of Application, the TV Shows segment is expected to have the highest CAGR rate of 10.9% during the forecast period.
United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 1.2 Bn during 2022 – 2032.
The market in U.S is set to experience the highest CAGR of 8.3% during the 2022-2032 forecast period.

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Competitive Analysis

The social TV market has been experiencing fierce competition due to the introduction of new start-ups offering a diversified variety of creative solutions catering to different industrial requirements. Some of the key social TV players include Talkwalker Inc., Flowics, SentabTV, Telescope, Haier Group, Hitachi, Ltd., iPowow Ltd, Sharp Corporation, Snipperwall, and Socialbakers Ltd.

Some of the recent market developments are as follows:

In July 2020, Talkwalker, a provider of social monitoring and audience insights software announced the purchase of Nielsen Social. Talkwalker’s AI-enabled translational intelligence platform will benefit from Nielsen Social’s revolutionary Social Content Ratings solution.
The purchase would strengthen Talkwalker’s existing position in servicing global brands while also expanding its footprint in the US enterprise market. Talkwalker has achieved another milestone with this purchase.
In April 2021, Panasonic Corporation has agreed to take over Blue Yonder, a prominent end-to-end digital fulfilment platform provider. Later, Panasonic acquired the remaining 80% of Blue Yonder’s shares for US$ 5.6 Bn, adding to the 20% it bought in July 2020. The extra investment, including debt repayment, totaled US$ 7.1 Bn, pricing Blue Yonder around US$ 8.5 Bn.
Bringing together Panasonic’s strengths in industrial engineering, IoT and edge technologies alongside Blue Yonder’s AI/ML-driven supply chain as well as commerce solutions significantly increases the consumer value of Blue Yonder’s premier digital fulfilment platform. Panasonic and Blue Yonder will work together to provide clients with a competitive edge by driving more automation and actionable, real-time business analytics that cut waste and enhance operations while building a more sustainable world.
In March 2021, Hitachi, Ltd. announced the acquisition of GlobalLogic Inc., a prominent digital engineering services firm located in the United States. The transaction is based on a formal agreement between Hitachi’s Global Holdings Corporation, a subsidiary in the United States.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Social TV Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Social TV Market by Solution (Software, Services), Application (Sports, News, TV shows, Others), across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market Segments Covered in Social TV Market Analysis

By Solution:

Social TV Software
- Broadcast Integration
- Audience Engagement
- Content Moderation
Social TV Analytics
- Social Networking Platform
- Others
Social TV Services
- Integration and Consulting
- Operation & Installation
- Maintenance & Repairing

By Application:

Sports
News
TV shows
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Consumer Metaverse Market Analysis & Market Studies from 2022 to 2032

The Consumer Metaverse Market revenues were estimated at US$ 55.8 Bn in 2021 and is anticipated to grow at a CAGR of 24.5% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 500 Bn.

The key revenue drivers which affect the demand for Consumer Metaverse include increasing usage of cutting-edge technology like artificial intelligence (AI), mixed reality (MR), and blockchain.

Numerous businesses, including Facebook, Roblox, Fortnite, NVidia, Microsoft, Epic, USM, Google, RTFKT Akira, and Oculus, have already incorporated or have plans to use metaverse extended reality programs (XR) and other cutting-edge technology.

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The analysis found that LG Group filed 688 patent applications on 455 patent families, Sony filed 87 XR applications on 78 patent families, and Qualcomm Incorporated filed 80 patent across 28 patent families for the metaverse.

Key Takeaways from the Study

Consumer Metaverse Market was valued at US$ 55.8 Bn in 2021. According to Future Market Insights, Consumer Metaverse Market revenue would increase 8.9X between 2022 and 2032, reaching roughly US$ 500 Bn in 2032.
In terms of Component, Hardware is projected to account for the highest projected CAGR of over 24.1% during 2022 – 2032.
In terms of application, Gaming industry accounted for the highest CAGR of 34.2% during 2017-21.
U.S. is the dominant country in Consumer Metaverse Market with an absolute dollar growth opportunity of over US$ 153.5 Bn.

The Covid-19 epidemic has played a significant role in popularizing the concept of the metaverse. As more people started working from home and enrolling in online courses, the demand for more effective strategies or channels to make online communication more practical developed. Due to the epidemic, its significance increased among consumers and businesses alike. In 2020, technology companies began developing these technologies and making their investments known. Due to the billions of dollars invested by Metaverse in that year, 2021 was a significant year for investment in Metaverse technology. The metaverse technology was made possible by the COVID-19 epidemic, and the post-epidemic environment will attract customers.

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Competitive Analysis

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

Some of the recent developments in the Bioalcohol market are:

In January 2022, The Sandbox revealed a collaboration with Warner Music Group to introduce the first realm in the metaverse of The Sandbox with a musical theme. With this partnership, Warner Music Group (WMG) would formally enter the metaverse and NFT markets.
In January 2022, Microsoft disclosed that it has acquired Activision Blizzard, Inc. In addition to laying the groundwork for the metaverse industry, Microsoft believes that this acquisition will accelerate the expansion of its gaming division across mobile, PC, cloud, and console platforms.
In November 2021, A partnership between Tencent and the Asian Institute of Digital Finance was announced (AIDF). In order to better serve the rapidly expanding Asian digital financial sector, Tencent Financial Technology (FiT) and AIDF will collaborate in education, entrepreneurship, and research.
In November 2021, TaleCraft Majuro announced the opening of their NFT gaming metaverse with a medieval theme. TaleCraft assumes that players on its platform will be able to explore a medieval gaming world and engage in a variety of in-game activities using constructed NFTs.
In October 2021, According to estimates, Facebook Reality Labs will invest at least USD 10 Bn in the creation of hardware, software, and content for augmented reality (AR) and virtual reality (VR). The section of Meta Platforms, Inc., formerly known as Facebook, Inc., is Facebook Reality Labs.
In March 2021, NetEase, Inc announced that its NetEase Cloud Music expanded its strategic alliance with Merlin Network in China. The partnership between them had initiated in 2018.

More Insights Available

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

The study reveals extensive growth in Consumer Metaverse Market in terms of Components (Hardware, Software and Services) of Application Type, (Game, Media Entertainment, Education and other application) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Consumer Metaverse Market Segmentation

By Component:

Hardware
Software
Services

By Application:

Game
Media & Entertainment
Education
Other Applications

By Region:

North America
Latin America
Europe
APAC
MEA

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Solar Inverter Market at sales at a 6% CAGR over the forecast period 2022 – 2032

With the increasing prevalence of alternative energy sources and growing number of technological innovations, the solar power industry is gaining ever-increasing importance in the commercial and residential landscape. Government support and rising concerns over environmental pollution are anticipated to boost the global solar inverter market through the forecast period.Government Initiatives toward Sustainable and Green Technologies to Drive Solar Inverter Market

The global solar inverter market is expected to witness a healthy rate of growth, owing to the ever rising consumption of solar power worldwide, for both residential and commercial purposes. In addition, recent years have also witnessed technological innovations in the sphere. Growing investments in the renewable energy sector has proper up the solar energy market worldwide. For instance, investments in large-scale initiative is projected to witness a 222% rise in line with the Australian Federal Government’s large-scale renewable energy target (RET) of 33,000 gigawatt-hours by 2020. In 2017, India was ranked 2nd in the most attractive renewable energy markets globally. The country has set a target of 175 GW of renewable power by 2022.

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Similarly, Dubai’s state utility, the Dubai Electricity and Water Authority (DEWA) has agreed to update a power purchase agreement (PPA) with a consortium led by Saudi Arabia energy company ACWA Power to increase the capacity of the fourth phase of the Dubai solar park from 700MW to 950MW. The project aims to have a final capacity of 5,000MW of solar powered energy by 2030 at a cost of AED50 Bn (US$13.6Bn), thereby, increasing the widespread adoption of solar inverters, in the coming years.

Module level power electronics in solar inverters are expected to witness a high rate of demand owing to reduced requirements of maintenance, lower installation costs and high solar power production, such as those produced by SMA Solar Technology AG.

Market players are also offering higher durability in their equipment along with extended guarantees to buyers, which means that users can now expect to have solar invertors which have a guarantee of approximately 12 years, which can be further extended to even 25 years. This is expected to push the market forward in the years to come.

On the other hand, a gradual but constant drop in prices is expected to lower revenues for solar inverter market players and act as the major constraining factor for the market. Another challenge for market players is the high cost of maintenance required to operate a solar inverter setup.

Inadequate Supply of Supplementary Energy Sources to Boost Asia Pacific Solar inverter Market

Developing economies such as India and China constantly face the serious problem of intermittent power outages. As a result the demand for inverters in the recent past has overtaken supply. In addition, government initiatives such as the India’s national solar mission are also significantly pushing the solar inverter market in the region. For instance, NABARD is providing 40% subsidy for those who are purchasing solar inverters, in addition to making loans available for half the cost through commercial banks.

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The Latin America region is also expected to provide large and lucrative opportunities of growth to market players owing to a nascent energy infrastructure and industry in numerous countries of the region including Mexico, Argentina, Chile, Brazil Uruguay and Paraguay. Mexico alone has successfully held 7 gigawatts of installed capacity in the past 2 years at record low prices.

On the other hand, Europe is expected to see a relatively slow rate of growth for the solar inverter market, owing to fall in equipment prices in most areas of this region resulting from constant price pressure on equipment suppliers, a rise in anti-dumping tariffs on Chinese manufactured components, depreciation of the Euro and a downward trend on minimum import prices.

Key Solar Inverter Market Players are Focusing on Technological Innovations to Boost Efficiency

A number of the major players in the solar inverter market are focusing on research and development activities to improve on inverter performance and improved consumer service through tech innovations.

For example, Sungrow Power has introduced a solar inverter which make use of a single switching transistor and provide users with a an immense range of voltage levels as opposed to conventional counterparts which provide only a single voltage level even with multiple transistors.

SolarEdge has also introduced a number innovative solar inverter products where the power optimized gauges power point tracking and voltage management separately. This results in the inverter only working on converting DC to AC, which ensures operational faculty regardless of temperature or string length. In addition the company has also developed compact solar inverters for homes which have highly limited roof space.

Siemens has developed a three phase inverter which makes use of a technology to maintain fixed voltage which remains unchanged despite changes in the environment or the number of modules that are present in a string. Data from the inverter can also be monitored and accessed through the internet for an improved facet of analysis.

In addition, companies are also focusing on increasing production capacity, to meet the growing demand. For instance, Bonfiglioli has recently increased its capacity from nearly 200 MW to more than 500 MW.

Other major key players in the solar inverter market include Emerson Electric Company, Schneider Electric Co., Power-one Inc., SMA Solar Technology AG, and KACO New Energy inc. among others.

This detailed report on the solar inverter market gives a complete assessment at regional and global levels to extract actionable insights along with relevant and reliable information, which has been supported ably by extensive research. The report helps readers gain a greater comprehension about the competitive scenario and lucrative business opportunities in the future.

The report has a full examination of essential factors such as:

Driving Factors – Crucial market influencers that create a significant impact on the market situation.
Market Segmentation – Breakdown of key market categories for a good understanding of each area.
Supply and Demand
Market Value – The size of the global market
Trends and Challenges – Trending factors that affect market growth and obstacles that market players are likely to face.
Technology – The changes in the scope of the market arising from new technologies.
Competitive Analysis – Strategic activities of key market players

Segmentation Breakdown of the Global Solar Inverter Market

The global solar inverter market can be categorized on the basis of technology and end use. In terms of technology, solar inverters can be divided into central inverters, micro-inverters, string inverters and power optimizers. On the terms of end use solar inverters can be categorized into Industrial, commercial, residential and utility inverters.

The report is a compilation of first-hand data about the solar inverter market on a quality and quantity basis, obtained from prominent industry analysts and experts. The complete study of market trends, market attractiveness, and economic factors for a better understanding of the effect each factor will have on the various regional market and also for each segment.

In addition to this the report also contains a regional market analysis of the following geographic areas.

Western Europe solar inverter market (Germany, France Italy, U.K, Spain)
Eastern Europe solar inverter market (Poland, Russia)
North America solar inverter market (U.S., Canada)
South America solar inverter market (Brazil, Mexico, Rest of Latin America)
Asia Pacific excluding Japan (APEJ) solar inverter market (China, India, Australia, New Zealand and ASEAN)
Japan solar inverter market
Africa and Middle East solar inverter market (S. Africa, N. Africa, GCC Countries, and Rest of MEA)

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Academic Scheduling Software Market is likely to propel to US$ 35.2 Billion by 2032

The global academic scheduling software market is estimated to garner US$ 35.2 Billion while exhibiting a 13.7% CAGR during the forecast period ranging from 2022 to 2032. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 9.8 Billion in 2022.

The global academic scheduling software market is primarily driven by its increasing application across various educational institutes like schools, colleges, and universities. Due to factors such as an increase in the number of academic scheduling and hosted service providers, the worldwide academic scheduling software industry is predicted to rise significantly over the forecast period. The demand for academic scheduling software is being driven significantly by the rapid digitalization of an expanding number of internet users.

The cloud-based segment is likely to offer remunerative opportunities for the global academic scheduling software market. Several emerging economies are making significant developments in their educational sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways:

By deployment, the cloud-based segment is expected to record a 13.6% CAGR by 2032
By end-user industry, the schools segment to expand at a 13.7% growth rate during the forecast period
The U.S market to garner US$ 12.6 Billion and record a 13.4% CAGR from 2022-2032
Market in China to procure US$ 2.5 Billion, expanding at a 13.0% growth rate during the assessment period

Competitive Landscape

Eminent players of the global academic scheduling software market include ASIMUT Software APS, CollegeNET, Drivers Ed Solutions, EMS Software and FORADIAN Technologies among others. Recent key developments among players include:

In January 2022 -CollegeNET, Inc., a leading provider of web-based on-demand technologies for higher education, released the 2021 Social Mobility Index (SMI). The SMI benchmarks four-year U.S. colleges and universities according to how effectively they enroll students from low-income backgrounds and graduate them into good-paying jobs. The 2021 SMI includes 1,549 four-year institutions.
In September 2021- ASIMUT software ApS announced a major upgrade of its industry-standard room booking and event management software for arts colleges, ASIMUT 3.0, to replace the previous second-generation introduced 13 years ago, back in 2008, that has seen 29 updates over time.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global academic scheduling software market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Deployment (Cloud-based, Wed based)) by End-user industry (schools, Collages, universities, Educational institutes), and Region (North America, Europe, APAC, MEA and Latin America)

About the Technology Division at Future Market Insights

The Technology team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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Salesforce CRM Document Generation Software Market is likely to expand at a promising CAGR of 10.6% between 2022 and 2032

The Salesforce CRM document generation software market is expected to increase at a CAGR of 10.6% through 2032, from USD 893 million in 2022 to USD 2.5 Billion in 2032.

Over the projected period, the rising demand for automated document generating is expected to increase demand for salesforce CRM document generation software and is expected to positively influence the salesforce CRM document generation software market trends.

With the rise of digitization and internet penetration in the social and corporate spaces in recent years, company operations have become increasingly complicated and thereby widening the salesforce CRM document generation software market opportunities.

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The company is progressively concentrating on providing more dependable, secure, and appropriate service to its consumers in order to win their trust and drive the company’s growth expected to boost the salesforce CRM document generation software market statistics. Customers connect with enterprises mostly through sales or inquiry.

Due to the comparable functions and operational viability it offers to both large organisations and SMEs, as IT technology has evolved, numerous businesses have sought to merge the capabilities of CRM and document management systems into one component. These are considered to be some of the vital factors enlarging the salesforce CRM document generation software market size.

Over the projected period, the rising demand for automated document generating is expected to increase demand for Salesforce CRM document generation software and salesforce CRM document generation software market opportunities.

With the introduction of capable cloud management solutions, IT technology has advanced with the capacity to encrypt, store, and retrieve client data with ease from remote places, reducing documentation time and assisting the demand for document creation across corporate activities.

The biggest salesforce CRM document generation software market share was held by large enterprises. Large enterprises include anything from sole proprietorships to multinational firms with thousands of employees spread across many countries.

The growing importance of CRM documentation is likely to fuel salesforce CRM document generation software market expansion.

KEY TAKEAWAYS:

The salesforce CRM document generation software market in the United States is expected to reach US$ 874.3 Million by 2032, growing at a CAGR of 10.4% through 2032.
By 2032, the UK’s salesforce CRM document generation software market is predicted to be valued at US$ 102.5 Million through 2032, with a CAGR of 9.6% through 2032.
South Korea is expected to reach a salesforce CRM document generation software market size of US$ 87 Million by 2032, with a CAGR of 9% through 2032.
With a CAGR of 10.1% through 2032, China’s salesforce CRM document generation software market is predicted to reach US$ 170.8 Million by 2032.
The market for salesforce CRM document generation software in Japan is expected to be worth US$ 146.9 Million by 2032, with a CAGR of 9.7% through 2032.
The cloud-based category in the type sector of the salesforce CRM document generation software market is expected to grow at a CAGR of 10.5% through 2032.
The large enterprises in the application segment of the salesforce CRM document generation software market is increasing at a CAGR of 10.0% through 2032.

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COMPETITIVE LANDSCAPE:

Conga, Nintex, SpringCM, DealHub, Formstack (WebMerge), Windward Studios, S-Docs, Docomotion, and Others are among the legacy players profiled in the Salesforce CRM Document Generation Software Market research report.

Salesforce CRM document generation software market growth, escalation in salesforce CRM document generation software market share, salesforce CRM document generation software market adoption trends, and major market strategies are all included in this report.

Our salesforce CRM document generation software market study also includes a part dedicated only to such large firms, in which our experts present an overview of all of the main players’ financial statements, as well as product benchmarking and SWOT analysis for salesforce CRM document generation software market outlook.

Key Segments:

By Type:

Cloud Based
On-Premises

By Application:

Large Enterprises
SMEs

By Region:

North America
Europe
Middle East & Africa
Asia Pacific
Latin America

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