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Cybersecurity Insurance Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2032

According to a recent Future Market Insights report, the cybersecurity insurance market is expected to reach US$ 11.5 Billion in 2022, registering a CAGR of 18.2% from 2022 to 2032. Growing security threats and financial losses are expected to push the market for cybersecurity insurance to US$ 61.2 Billion by the end of 2032. Business owners regularly purchase insurance policies in order to keep themselves protected from a variety of unforeseen circumstances, such as natural disasters as well as lawsuits brought by unhappy customers.

Business is implementing insurance policies in response to the rising risk of data breaches and cybersecurity risks. The insurance type segment is expected to be dominated by standalone insurances during the forecast period.

As businesses embark on their digital journey they face new opportunities and threats in the market. In addition, companies are being held to a higher standard of governance. Moreover, society as a whole is struggling to combat the rising impact of cyber incidents, such as ransomware, which is gaining traction.

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Key Takeaways:

By end user, cybersecurity insurance solutions to be leveraged maximum by insurance providers, registering an 18% CAGR
Presence of major key players and the growth of IT business in U.S. to push the market to US$ 21.3 Billion by 2032
Growing telecom businesses to push the Chinese market at a CAGR of 17.5% from 2022-2032.
Global cybersecurity insurance market to yield an absolute value of US$ 49.8 Billion
U.K. market is expected to grow at a CAGR of 17.1% during the forecast period.

Competitive Landscape

With the growth of cloud-based technologies and the adoption of cloud-based storage systems, the market is projected to grow in the future. Strategic partnerships can provide a company with the potential to expand its operational capabilities. Insurers provide smart and dynamic policies that can help recover a company’s financial losses in the market.

In September 2021, Microsoft announced a partnership with At-Bay, a pioneering cyber insurance company. The cyber-risk that each company it insures is assessed by At-Bay through its modern approach to risk management. Customers are then given actionable insights on how to improve their security posture. Using improved policy terms and pricing to encourage the implementation of security controls has strengthened the overall security of At-Bay’s portfolio companies.

In January 2022, as part of its 2023 strategy, the Asian Investment Bank (AIB) and IBM have signed an agreement worth €65 million over three years to accelerate the bank’s digital transformation, meet its customer-first commitment, and accelerate its transition to hybrid cloud technologies. IBM’s technology will help AIB expand its cyber resilience and fraud detection capabilities, ensuring the high quality and safety of its digital services.

More Valuable Insights Available

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

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Key Segments Covered In The Cybersecurity Insurance Market

By Component:

Cybersecurity Insurance Solutions
Cybersecurity Insurance Services

By Insurance Coverage:

Cybersecurity Insurance for Data Breach
Cybersecurity Insurance for Data Loss
Cybersecurity Insurance for Cybersecurity Liability

By Insurance Type:

Packaged Cybersecurity Insurance
Stand-alone Cybersecurity Insurance

By Organization Size:

Cybersecurity Insurance for Large Enterprises
Cybersecurity Insurance for SMEs

By End User:

Cybersecurity Insurance for Technology Providers
Cybersecurity Insurance for Insurance Providers

By Region:

North America Cybersecurity Insurance Market
Europe Cybersecurity Insurance Market
Asia Pacific Cybersecurity Insurance Market
Middle East and Africa Cybersecurity Insurance Market
Latin America Cybersecurity Insurance Market

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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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Cloud Encryption Market 2022 Expectations & Growth Trends Highlighted Until 2032

According to Future Market Insights (FMI), the demand for cloud encryption is estimated to increase at a CAGR of 30.9% from 2022-2032. The market valuation is projected to increase US$ 2.4 Bn by 2022 & US$ 34.8 Bn by 2032.

Organizations are investing in the modernization of data storage strategy with the adoption of cloud technologies for digital transformation. This is expected to drive growth in the cloud encryption market.

Growing need to store data in public and private cloud-based storages is spurring demand in the market. Also, the pandemic forced organizations to adopt remote work, which increased the use of digital technologies and online data sharing. This has resulted in an exponential rise in cyber breaches like ransomware, malware attacks, and phishing.

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As a result, enterprises are adopting cloud encryption to safeguard their sensitive data from the data breaches and cyberattacks. Cloud encryption encodes the data by converting the plain text data into cipher text, which is unreadable by malicious users, thereby preventing data breach. It provides enterprises with automated security, reduced complexity, and risk reduction by offering built-in security controls and continuous protection.

Increasing data volumes have driven the adoption of big data analytics across companies which is capable of processing and analyzing esults of big data and providing descriptive, predictive, and prescriptive results. But one of the biggest issues is how to gain perfect security for big data.

The growth of big data has been aided by cloud computing and cloud data stores. Businesses can obtain superior insights from their enormous amount of structured and unstructured data by adopting Big Data analytics in the cloud. Companies handle large amounts of data and leverage the cloud to perform analytics and keep it confidential.

With increase in data saved in the cloud storage server, hackers try to access confidential data using organizational cloud servers with the help of different decoding techniques. Hence, the use of advanced cloud encryption software by organizations has increased for achieving semantic security.

Key Takeaways:

By component, the solution segment is anticipated to expand at a 32% CAGR through 2032.
By service model, infrastructure as a service (IaaS) segment is estimated to grow by 17.8X during the forecast period.
Based on enterprise size, SMEs segment is estimated to grow by 16.8X during the assessment period.
In terms of industry, sales in the IT & telecom segment are anticipated to increase at a CAGR of 36.5% between 2022 & 2032.
The U.S. id projected to hold 71.5% of the North America cloud encryption market share by 2032.
Indonesia will emerge as a lucrative pocket, with sales growing at a 43.2% CAGR through 2032.

Competitive Landscape

Key players operating in the global cloud encryption market are adopting inorganic strategies such as mergers, acquisitions, and collaborations to gain a competitive edge in the market. They are also investing in research and development to expand their product portfolios. For instance:

In October 2021, a strategic partnership was established between Thales and Google Cloud to provide a trusted cloud service in France that will enable French businesses to innovate and reap the full benefits of hyperscale cloud technologies while maintaining data privacy.

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Cloud Encryption Outlook By Category

By Component:

Cloud Encryption Solution
Services

By Service Model:

Infrastructure-as-a-Service (IaaS)
Software-as-a-Service (SaaS)
Platform-as-a-Service (PaaS)

By Enterprise Size:

Large Enterprises
Small and Mid-sized Enterprises (SMEs)

By Industry:

BFSI
Healthcare
IT & Telecom
Government
Aerospace and Defense
Retail
Others

By Region:

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

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Security Orchestration Automation and Response (SOAR) Market 2022 Assessment and Key Insights Analyzed Till 2032

The security orchestration automation and response market are expected to develop at a CAGR of 10.9% through 2032, from USD 1.3 Billion in 2022 to USD 3.8 billion in 2032. The rising amount of false warnings is one of the primary reasons driving the security orchestration automation and response market, this factor boosts security orchestration automation and response market future trends.

Cyber security firms provide security orchestration automation and response as a platform or a solution. Organizations may use the platform to collect data and respond to security activities from a single system, thereby increasing the security orchestration automation and response market opportunities.

The security orchestration automation and response market enables diverse solutions to work together and automate tasks across products via workflows while yet allowing for human interaction. To manage security warnings and prevent additional assaults, these systems are implemented in public and private businesses.

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Organizations are embracing security services to manage mounting risks in a constantly shifting threat landscape as cyber-attack vectors get more sophisticated, hence escalating security orchestration automation and response market growth and security orchestration automation and response market opportunities.

The United States area of security orchestration automation and response market has stable and well-established economies, continent’s recovery outpacing the rest of the world allowing it to invest heavily in R&D and contribute to the development of new security orchestration and automation technologies.

The presence of legacy players is projected to be a primary driver of security orchestration automation and response market expansion in United States. With the right injection of capital, we can expect legacy players to accelerate efforts to capture more of the security orchestration automation and response market.

KEY TAKEAWAYS:

In the United States, the security orchestration automation and response market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.
The security orchestration automation and response market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
The security orchestration automation and response market’s services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
Through 2032, Threat Intelligence in the security orchestration automation and response market’s application sector will grow at a CAGR of 10.1%.
China’s security orchestration automation and response market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
The market for security orchestration automation and response in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.
South Korea is expected to reach a market size of US$ 136.7 million in security orchestration automation and response by 2032, with a CAGR of 8.6% through 2032.

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COMPETITIVE LANDSCAPE:

IBM Corporation, FireEye, Cisco Systems Inc., Rapid7, Splunk Inc., Swimlane LLC, ThreatConnect, Demisto, DFLabs,, LogRhythm, Siemplify, Resolve Systems, CyberSponse, and Exabeam, are among the legacy security orchestration automation and response market players profiled in this.

These companies provide security orchestration automation and response solutions to meet security orchestration automation and response market demands and needs. These companies’ main growth tactics include partnerships, collaborations & agreements, and new product launches/improvements.

To extend their influence in the security orchestration automation and response market trends, these vendors have used a variety of organic and inorganic growth tactics.

Key Segments

By Component:

Solution
Services

By Organisation Size:

Small & Medium Enterprises
Large Enterprises
By Deployment Mode
- Cloud
- On-Premises

By Application:

Threat Intelligence
Network Forensics
Incident Management
Compliance Management
Workflow Management
Others

By Vertical:

BFSI
Government
Energy & Utilities
Healthcare
Retail
IT & Telecom
Others

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By Region:

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

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Sales Enablement Platform Market Insights, Deep Analysis of Key Vendor in 2022-2032

The global sales enablement platform market is expected to secure US$ 11 Billion while exhibiting a 16.2% growth rate during the forecast period. The market is estimated at US$ 2 Billion in 2021 and US$ 2.4 Billion in 2022. The growth of the market can be attributed to the extensive usage of the sales enablement platform for increasing sales revenue.

The increasing use of sales enablement platforms in end-use industries such as Manufacturing, Healthcare and Life Sciences, Media and Entertainment, IT and Telecom and BFSI are expected to boost the growth of the market during the forecast period. Increasing emphasis on adopting sales enablement platforms and increasing demand for improving internal sales process are some of the factors driving the market growth during the forecast period

Rapidly changing consumer preferences owing to the lifestyle upsurge the need in sales enablement platform to offer the customer-centric experience is also one of the major factor affecting the growth of the market.

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Key Takeaways

By component, the Platform segment is expected to record an 16.1% CAGR by 2032
By deployment model, the Cloud based segment to expand at a 15.9% growth rate during the forecast period.
The U.S market to garner US$ 3.9 Billion and record an 16.0% CAGR from 2022-2032
Market in China to procure US$ 794.2 Million, expanding at a 15.6% growth rate during the assessment period

Competitive Analysis

Players in the global sales enablement market include UPLAND SOFTWARE INC., SEISMIC, HIGHSPOT, BIGTINCAN, MINDTICKLE, among others. In addition, the vendors are likely to leverage up-gradation and product differentiation to gain an edge over other competitors in the market. Recent developments among players include:

In May 2022, Mindtickle, announced a partnership with BoostUp.ai, the leading Revenue Operations and Intelligence Platform. The companies have partnered to build an integration between their two platforms that utilizes insights on deal and account health to suggest relevant content and enablement programs. This helps reps get better with every sale and win more.
In January 2021 - Bigtincan announced that it has acquired 100% of VoiceVibes Inc. The deal extends Bigtincan’s lead in AI-driven sales enablement to help sellers most effectively engage with buyers in the digital world.

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More Valuable Insights

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

Key Segments Covered In The Sales Enablement Platform Market Study

Sales Enablement Platform Market by Component:

Sales Enablement Platforms
Sales Enablement Services

Sales Enablement Platform Market by Deployment Model:

On-Premises Sales Enablement Platforms
Cloud-Based Sales Enablement Platforms

Sales Enablement Platform Market by Industry Vertical:

Sales Enablement Platform for Manufacturing
Sales Enablement Platform for Healthcare and Life Sciences
Sales Enablement Platform for Media and Entertainment
Sales Enablement Platform for IT and Telecom
Sales Enablement Platform for BFSI
Sales Enablement Platform for Other Industry Verticals

Sales Enablement Platform Market by Region:

North America Sales Enablement Platform Market
Europe Sales Enablement Platform Market
Asia Pacific Sales Enablement Platform Market
Middle East and Africa Sales Enablement Platform Market
Latin America Sales Enablement Platform Market

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Airbag Control Unit Sensor Market Innovations, Technology Growth and Research 2022-2032

Global Airbag Control Unit Sensor demand is anticipated to be valued at US$ 590.3 Million in 2022, forecast to grow at a CAGR of 6.7% to be valued at US$ 1,127.6 Million from 2022 to 2032. Growth is attributed to an increase in the number of traffic mortalities rates.

Rise in infrastructure development is one of the major factors that is expected to push the growth of airbag control unit sensors market in the near future. The region is expected to accumulate a market share of 14.5% in 2022.

The control/sensor unit for the airbags helps with collision detection. Activate the airbags to protect a passenger from a collision. Before activating the appropriate restraint frameworks, the airbag control unit detects and evaluates the severity of an accident. Information for the device is provided by up to six crash sensors. This includes sensors for increasing speed as well as a sensor for rotational speed.

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These readings are used to evaluate and examine the signals from other sensors. The airbag control unit and a new additional system are then informed of the crash signals, which activate the hazard lights and interior lights, shut off the fuel pump, and stop the engine. According to the type of accident, the restraint systems are further improved to be the most effective.

Global Airbag Control Unit/Sensor: Market Dynamics

The factors such as a rise in the number of traffic fatalities rates are accelerating demand for safety measures leads to the growth of Airbag control unit/sensor market. Moreover, safety regulation implied by government and rise in life expectancy leads to an increase in airbags control unit/sensor market.

Macroeconomic factors such as an increase in disposable income lead to investing people toward more of safety features in the vehicles result in the overall growth of the airbag control unit/sensor market. In addition to it increasing consumer awareness towards safety equipment leads to the growth of Airbag control unit/sensor market.

Further Airbag control unit on two-wheelers may provide an opportunity for the market leaders to grow in the future.

The airbag control unit/sensor is high quality, reliable and is of low cost and also comply with automotive functional safety standards. An Airbag Control Unit is for commercial vehicles needs to meet all the diverse market and customer prerequisites around the world.

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Market Competition

Some of the key participants present in the global Airbag Control Unit Sensor market include AUTOLIV, ZF Friedrichshafen AG, Ashimor, Takata Corporation, KSS, Toyoda Gosei Co. Ltd., Hyundai Mobis, Nihon Plast Co. Ltd., and Jinheng, among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as AUTOLIV, ZF Friedrichshafen AG, Ashimor, and Takata Corporation account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.

To accomplish these particular necessities in a commercial way, the SPEED idea i.e. Safety Platform for Efficient and Economical Design officially utilized widely for airbag control units in passenger vehicles has been adapted to the particular commercial vehicles requirements.

The electrical arc segment made between both pins activates a propellant which is comprised of sodium azide that begins to consume and radiate nitrogen gas, and the gas begins to fill the airbag.

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Key Segments Profiled In The Airbag Control Unit Sensor Industry Survey

Airbag Control Unit Sensor Market by Sensor Type:

Mass Type Airbag Control Unit Sensor
Roller Type Airbag Control Unit Sensor

Airbag Control Unit Sensor Market by Airbag Type:

Driver Airbag Control Unit Sensor
Passenger Airbag Control Unit Sensor
Knee Airbag Control Unit Sensor
Curtain Airbag Control Unit Sensor
Side Airbag Control Unit Sensor
Roll-over Airbags Control Unit Sensor
External Airbags Control Unit Sensor
Seatbelt Airbags Control Unit Sensor
Medical Airbags Control Unit Sensor

Airbag Control Unit Sensor Market by Vehicle Type:

Airbag Control Unit Sensors for Passenger Cars
- Compact
- Mid-sized
- Premium
- Luxury
Commercial Vehicle/Light commercial vehicle
Heavy Commercial Vehicles

Airbag Control Unit Sensor Market by Region:

North America Airbag Control Unit Sensor Market
Latin America Airbag Control Unit Sensor Market
Europe Airbag Control Unit Sensor Market
Asia Pacific Airbag Control Unit Sensor Market
Middle East & Africa Airbag Control Unit Sensor Market

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China Construction Anchors Market Is Expected To Grow With A CAGR Of 6.5% | Get Insights FMI

Over the forecast period of 2022-2032, the construction anchors market is expected to grow at a CAGR of 6.0% to reach a valuation of US$ 19.5 Bn by the end of 2032. The use of construction anchors is on the rise as engineers search for lightweight, corrosion-resistant methods of supporting engineered slopes and retaining walls.

Demand in China is expected to grow with a CAGR of 6.5%, accounting for more than 44% of the East Aisa construction anchors market share. Despite the challenges associated with the supply chain, such as rising raw material prices, shortage of building materials, and lack of skilled labor, the China residential construction sector continues its stable growth over the over the forecast period.

The audience seating at outdoor venues also benefits from the use of anchors, as they provide a safe and secure way to keep people in their seats during an event. Anchors can also be used to fasten large objects in place, such as sculptures or signs.

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The market is witnessing growth due to the increasing demand for new build extensions and project investment in developing countries. The building construction segment is expected to hold the largest share of the global construction anchors market over the forecast period.

“Increasing residential construction activities in the development of smart cities, along with growing demand for construction anchors made from sustainable materials will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

By Application, retail sales are expected to grow at a CAGR of 2% during the forecast period.
By product type, the metal segment is anticipated to dominate the market of construction anchors and is further expected to account for about 6% of the market share.
By sales channel, the retail segment is projected to lead the construction anchors market and is further anticipated to create an absolute dollar opportunity worth US$ 2,033.5 Mn in between the forecast period.
In terms of region, construction anchor sales in Europe are estimated to exhibit a CAGR of 3%.

Construction Anchors Market Competitive Landscape

Among the industry’s key players are Stanley Black & Decker, Inc, Hilti Corporation, Simpson Manufacturing Co., Inc, EJOT Holding GmbH & Co. KG, Misumi Corporation, Ancon Limited, Fosroc Chemicals (India) Private Limited, Unika Co. Ltd, UNIQUE FASTENERS P. LTD , Yuyao City Xintai Hardware Co. Ltd, FIXDEX Fastening Technology, EMC Fasteners and Tools, Ningbo Londex Industrial Co. Ltd, HASM Co. Ltd and others.

Manufacturers are strategically collaborating with technology partners for long supply relations and to instigate a central control unit for different ADAS technologies.

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Summary

The research report analyses the market demand trend for the construction anchors. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the construction anchors market report is studied and analyzed in the following segments such as by product type, application, sales channel & regions. The construction anchors market report gives us qualitative and quantitative information about the companies.

Key Segments Covered in Construction Anchors Industry Analysis

Construction Anchors Market by Product Type:

Metal
- Wedge anchors
- Undercut anchors
- Concrete screws
- Drop-In Anchors
- Sleeve and Nail Anchors
- Cast-In Anchors
Chemical
- Injectable adhesive anchors
- Capsule adhesive anchors
Light Duty Anchors
- (Nylon) Plugs
- Drywall Plugs
- Drywall Screws
- Insulation Anchors
- Metal Screws

Construction Anchors Market by Application:

Building Construction
Civil Engineering
Construction Installation
DIY

Construction Anchors Market by Sales Channel:

Direct Sales
Distributor Sales
Retail Sales
Home Centers
Online Sales

Construction Anchors Market by Region:

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

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Sales Of Digital Pumps In The U.S Are Projected To Reach A Valuation Of US$ 5.5 Billion By 2032

According to a recent study done by FMI, the  Digital Pump Market is expected to reach US$ 20.5 Billion by 2032, up from US$ 11.3 Billion in 2022, expanding at a high CAGR of 6.1%. Sales of digital pumps in the U.S are projected to reach a valuation of US$ 5.5 Billion by 2032 with a CAGR of 6.1%. China is expected to reach a market size of US$ 1.6 Billion in 2032, representing a CAGR of 5.1%, over the forecast period.

This study explains that factors such as the strict energy-efficiency standards, growing technological advancements, development of smart cities, growing demand for building automation and increasing power generation capacity globally are expected to fuel the market growth during the forecast period.

The major factor that is expected to propel the growth of the digital pump market during the forecast period includes the rising demand for these pumps, owing to their offerings such as fluid flow control features. Moreover, government economic stimulus packages as well as tax credits that are targeting infrastructure projects, including water & wastewater and energy efficiency projects, are also expected to widen the scope of the digital pumps market.

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In addition, these pumps save energy and cost and have applications in building, water treatment plants, boiler control systems, and automation. This is another major factor accelerating the market growth. Some other factors including strict energy-efficiency standards in developed nation, growth in Industrial Internet of Things (IIoT) and economic benefits of intelligent systems, focus on smart water & wastewater systems, increasing power generation capacities across the globe, and significant investments in non-oil & gas sectors in the Middle East and North Africa (MENA) are the expected to further augment the growth of the digital pump market over the analysis period.

Key Takeaways from the Market Study

Global Digital Pump Market was valued at US$ 11.3 Billion by 2022-end
The US to account for the highest value share of US$ 5.5 Bn of global market demand for Digital Pump Market in 2032
From 2015 to 2021, Digital Pump demand expanded at a CAGR of 6.7%
By connectivity, the conventional pump controller constitutes the bulk of digital pump market with a CAGR of 4.9%.

“Digital pumps save energy and cost and have applications in building, water treatment plants, boiler control systems, and automation, which is an essential factor propelling the market growth,” remarks an FMI analyst.

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Competitive Landscape

Players in the global Digital Pump Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In August 2021, Regal Beloit Corporation, one of the global leaders in the manufacturing and engineering of power transmission solutions, declared the recent addition of its new Century VGreen Evo pool pump motor to its product portfolio. Operated by advanced variable speed technology, the VGreen Evo pump motor is one of the most energy-efficient pool pump motors available in the market.
In March 2020, Framo and Aker BP declared a smart pump maintenance contract for seawater lift pumps based on Norwegian Continental Shelf. With an extension of six years, the six-year-long contract is a continuation of a pilot contract initiated by pump supplier Framo, production company Aker BP, and industrial AI Software as a Service (SaaS) in 2018.

Know More About What the Digital Pump Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Digital Pump Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Digital Pump Market, the market is segmented on the basis of connectivity, distribution channel, and industry across five major regions.

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Marine Radar Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2031 | FMI

This will remain a critical factor in allowing marine radar sales to grow at a 2.4% CAGR between 2021 and 2031. Demand is expected to be consistent throughout the forecast period, allowing the market to grow by slightly more than 2% year on year in 2021. Future Market Insights (FMI) presented an optimistic outlook for the marine radar market in a new study, especially with the introduction of next generation solid state radars.

Marine radar is a device that sends out small bursts of electromagnetic waves and receives the waves back, allowing it to calculate target range, angle, and speed. According to FMI, X-Band radar commands a sizable market share. It is also used in merchant marine, fishing vessels, yachts/recreational, and military/naval Applications

Technology advancement and rising demand for advanced intrusion detection systems are driving market expansion. According to FMI, the market’s valuation will reach US$ 971 Mn by the end of 2031.

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Key Takeaways of Marine Radar Market Study

The global marine radar market is projected to expand at a CAGR of ~2.4% by during the forecast period of 2021-2031
The U.S. will remain a key pocket for sales, accounting for over 90% of the North America Market based on value in 2021
Slump in growth is likely in the U.K. following the pandemic outbreak in 2020. FMI projects the market to record -0.5% Y-o-Y growth in 2021. However, recovery is on cards 2022 onwards
Germany will remain a bright spot for sales in Europe, while negative growth is likely in France as well
After sluggish return in 2020, sales in both Japan and South Korea market are likely to improve

“With the increase of naval fleet and quantum of capital investments for navigation and communication systems across regional defence sectors at a healthy rate, the demand of marine radar is expected to be buoyed in wake of the mentioned factor. Furthermore, market is also expected to evolve towards maintenance & services domain for the market participants to extend their business footprint.” says a FMI analyst.

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The demand for Marine Radar is expected to grow at moderate rate owing to its increasing consumption in Merchant Marine application. Military Naval is the segment is expected to grow during the forecast period with fastest CAGR. Naval sector plays an important role in structuring command on the marine radar market. China and India are the major target locations for supply of Marine Radar for manufacturers.

Who is Winning?

The global marine radar market is equally integrated at global and regional levels. Some of the leading players included in the report are FURUNO ELECTRIC CO., LTD., Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Japan Radio Co. Ltd., BAE Systems, JRC (Alphatron Marine), and Garmin, Raytheon Company, Wärtsilä SAM Electronics Gmbh, Transas Marine International AB and others. To gain competitive advantage in the market, market participants are involved in acquisition activities expansion, merger, and expansion with regards to excessive market growth.

Want to Know More?

Future Market Insights has released a Marine Radar market research report providing the 2016-2020 global industry analysis and the 2021-2031 opportunity assessment. The report provides an in-depth analysis of the Marine Radar Market across various segments, namely the type, application and region of the product. The Marine Radar Market study, along with an overview of the parent market, also provides supply and demand trends.

Key Segments

Product Type:

X Band Radars
S Band Radars

Application:

Merchant Marine
Fishing Vessels
Yacht/Recreational
Military/Naval

Region:

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

About Us:

Salesforce CRM Document Generation Software Market 2022 | Present Scenario and Growth Prospects 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.

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.

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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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About Us

Sales Platforms Software Market 2022 Overview, Data Updates, Reports Analysis 2032 | FMI

The sales platforms software market is expected to increase at a CAGR of 10.4% from USD 71.5 billion in 2022 to USD 193.1 billion through 2032.

The emergence of COVID-19 has caused a temporary halt in output, causing a downturn in several international economies. The sales platforms software market is affected. Sales enablement issues and possibilities have become more obvious than ever as a result of the COVID19 situation.

The growing requirement among businesses to strengthen internal business processes and promote sales performance is likely to fuel the global expansion of the sales platforms software market.

Within Mid-sized Enterprises, both market dynamics are driving the demand for sales enablement, which unifies marketing and sales operations, roles, and responsibilities, as well as technology and systems. These solutions envision enablement ranging from product-level information to advanced analytics, enabling higher lead conversions, depending on the seller’s maturity.

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The proliferation of mobile devices and the availability of dependable Wi-Fi have thrown the buyer-seller relationship on its head. As the number of connected devices grows at an exponential rate, new sales channels emerge, providing potential for the sales platforms software market.

The aforementioned challenges in consumer goods and retail generate an urgent demand for sales platforms solutions in the market. The uneven user experience across different access channels may have a negative impact on the sales platforms software market’s growth.

As North America is a key hub for technical advancements and an early user of new technologies, it holds the largest market share in the sales platforms software market. Customers in the region are being served with best-in-class services, ensuring that they are engaged at the appropriate moment.

Them’ buying behavior has changed dramatically as a result of increased Internet, communication device, and mobile penetration, and it is critical to approach customers with the correct content to remain competitive.

The presence of big businesses in the North America’s sales platforms software market helps to fuel demand and raise knowledge about the advantages of using sales enablement technologies.

Sales enablement bridges the gap between sales and marketing, allowing businesses in the North American area to create more revenue.

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KEY TAKEAWAYS:

The cloud-based category in the type sector of the sales platforms software market is expected to grow at a CAGR of 10.3%.
The large enterprises in the application segment of the sales platforms software market is increasing at a CAGR of 10.1%.
The sales platforms software market in the United States is expected to reach US$ 68.9 billion by 2032, growing at a CAGR of 10.2% over the study period.
By 2032, the UK’s sales platforms software market is predicted to be valued US$ 8.1 billion, with a CAGR of 9.4%.
With a CAGR of 9.9% throughout the forecast period, China’s sales platforms software market is predicted to reach US$ 13.5 billion by 2032.
The market for sales platforms software in Japan is expected to be worth US$ 11.6 billion by 2032, with a CAGR of 9.5% throughout the forecast period.
South Korea is expected to reach a sales platforms software market size of US$ 6.9 billion by 2032, with a CAGR of 9% over the forecast period.

COMPETITIVE LANDSCAPE:

The major players offering sales engagement platform include SAP, Bigtincan, Upland Software, Showpad, Seismic, Highspot, Accent Technologies, ClearSlide, Brainshark, and among others.

Seismic (US), a prominent sales platforms software provider, offers a sales and marketing enablement platform to bridge the sales and marketing divide. The seismic sales platforms software aids an organization’s sales staff in increasing transaction conversion rates and overall efficiency.

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Key segments

By Type: