Market Research Blog – Page 9461 – New Product Development

Fluoroboric Acid Market Size to Reach US$ 3 Billion by 2032

The fluoroboric acid market is expected to grow at a CAGR of 3.15% during the forecast period, rising from $2.12 billion in 2021 to $3 billion by 2032.

Because of increased competition, the fluoroboric acid market is predicted to offer great growth prospects over the forecast period. To address the global need for fluoroboric acid, new competitors are offering a variety of solutions at affordable prices, making it more accessible to customers.

Fluoroboric Acid market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Fluoroboric Acid market.

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Fluoroboric Acid Market: Introduction:

Fluoroboric acid is an inorganic compound with the chemical formula H₃OBF₄. It is a colorless odorless poisonous liquid also known as tetrafluoroboric acid. Moreover, the fluoroboric acid can be categorized in two grades such as, industrial grade and pharmaceutical grade. The industrial grade fluoroboric acid is used for several industrial applications like, for electrodeposition in electroplating industry, as an etching agent in the production of electronic components and printed circuits, to clean metal surfaces before welding, to brighten aluminum etc. The pharmaceutical grade fluoroboric acid is used in the pharmaceutical industry to manufacture bulk drugs, used as a catalyst for preparing etherifying cellulose, and acetals, as a reagent etc.

Fluoroboric acid is generally available in three types including, Hydrogen Tetra-Fluoborate, Tetrafluoroboric Acid and Fluoboric Acid 50%. Each product type is used for and specific application.

However, the fluoroboric acid is a hazardous chemical and can cause eye and tissue damage, which may limit the uses of fluoroboric acid in the near future.

Fluoroboric Acid Market: Dynamics:

Across the globe, the consumption of inorganic chemicals such as, fluoroboric acid market is projected to witnessing steady growth rate over the coming years. The global fluoroboric acid market is expected to primarily drive by the growing adoption of this chemical across the various application including electroplating, pharmaceutical, and laboratory reagents among many others. The growing use of fluoroboric acid as a raw material or chemical intermediate to manufacture various chemical substances including drugs, etherifying cellulose, and acetals etc. are expected to accelerate the demand of fluoroboric acid across the globe during the present and upcoming periods.

Moreover, the fluoroboric acid application in the formulation of pharmaceuticals is also anticipated to lay a strong base for gaining high traction for fluoroboric acid market growth over the coming years. However, fluoroboric acid is a highly toxic chemical substance, owing to this government approved licenses are required to manufacturing this chemical substance, and the limited production and application of fluoroboric acid is also understood to act as a challenge for the market growth during the forecast period.

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Fluoroboric Acid Market: Market Participants:Some of the market participants in the global fluoroboric acid market are:

Atotech USA, Inc.
General Chemical Corp.
Johnson Matthey, Inc.
OMG Fidelity, Inc.
Ozark Fluorine Specialities, Inc.
Solvay Fluorides, LLC
Derivados del Flúor (DDF)
JAY INTERMEDIATES AND CHEMICALS
B. Chemicals
Shangrao Comprehensive Fluoride Chemical
Harshil Fluoride
Jiangxi Qucheng Chemical Co., Ltd.
Shandong Xingfu New Material
Jiangxi Dongyan Pharmaceutical Industry
SB Chemicals
Nantong Jinxing Fluorides Chemical

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

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Key Segments For Fluoroboric Acid Market

By Product Type:

Hydrogen Tetra-Fluoborate
Tetrafluoroboric Acid
Fluoboric Acid 50%

By Grade:

Industrial-Grade
Pharmaceutical Grade

By Application:

Pharmaceuticals
Chemicals
Electroplating
Others

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N-Butylene Oxide 1,2 Market Size, Share & Growth Report for 2032

During the forecast period 2022-2032, the global n-butylene oxide 1,2 market is expected to grow at a CAGR of nearly 7% to 8%. Growing emphasis on increasing oil and gas production in countries such as the United States, China, Germany, Russia, and India, among others, is expected to boost market demand for n-butylene oxide 1,2.

N-Butylene Oxide 1,2 is an organic compound with ethereal odor. N- Butylene Oxide 1,2 is also known as 1,2-Epoxybutane, α-Butylene oxide, 1,2-Buteneoxide and 1,2-Butyleneoxide. It is flammable liquid and is soluble in water. N-butylene oxide 1,2 is clear colorless volatile liquid. N-butylene oxide 1,2 is a chiral epoxide synthesized through oxidation of 1-butene. The two main manufacturing processes of N-butylene oxide 1,2 are direct oxidation process and chlorohydrin process. In the direct oxidation process comprises catalytic oxidation of butylene to butylene oxide. And in the chlorohydrin process, butylene is reacted with chlorine in presence of water which is followed by dehydrochlorination with lime or caustic to form salt and butylene oxide. Generally, chlorohydrin process is more widely used.

N-butylene oxide 1,2 is used for different applications in various industries. N-butylene oxide is widely is used as chemical intermediate or chemical reagent for the synthesis of butylene glycol and their derivatives. It is also used as non-ionic surfactant in textiles and dyeing auxiliaries. It is used as an additive for fuel and lubricants and as de-emulsifier in oil & gas industry. N-butylene oxide 1,2 is also used as a stabilizer for halogenated solvents and as a solvent for polymer & resin processing. N-butylene oxide 1,2 is flammable compound and is slightly toxic, owing to which there are exposure limits are being imposed on N-butylene oxide 1,2 by number of organizations.

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N-Butylene Oxide 1,2 Market: Regional Outlook

Asia Pacific region is estimated to be the prominent market for N-butylene oxide 1,2 because of rapidly growing industrial activities and substantial growth of chemical, polymer and textile industries. Also the lenient regulations in Asia Pacific will positively influence the market growth. Predominance of chemical industry and significant presence of other industries in the regions such as Europe and North America, owing to which North America and Europe can be considered as promising market for N-butylene oxide 1,2. However increasing number of regulations and stringent environmental policies might slowdown the market growth. Latin America is estimated to be the potential market for N-butylene oxide 1,2 owing to increased environmental activities. High presence of oil & gas industry in Middle East and rising industrial activities in Africa is anticipated to make Middle East & Africa strong market for n-butylene oxide.

N-Butylene Oxide 1,2 Market: Key Participants

Examples of some of the market participants operating in the global N-Butylene Oxide 1,2 market are:

BASF SE, DowDupont Inc., Ningbo Inno Pharmche, Tokyo Chemical Industry Co., Ltd., Merck KGaA, Haihang Industry Co., Ltd., Santa Cruz Biotechnology, Inc., Chemos GmbH & Co. KG, Hangzhou Dayangchem Co. Ltd., Kinbester Co., Ltd., Zehao Industry Co., Ltd., Leap Labchem Co., Ltd, and Hangzhou J&H Chemical Co., Ltd. among others.

The N-butylene oxide 1,2 market research report presents a comprehensive assessment of the N-butylene oxide 1,2 market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The N-butylene oxide 1,2 market research report provides analysis and information according to N-butylene oxide 1,2 market segments such as geographies, application and industry.

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N-Butylene Oxide 1,2 Market: Segmentation

The global N-Butylene Oxide 1,2 market can be segmented on the basis of purity, end-use and by application

The global N-butylene Oxide 1,2 market is segmented on the basis of its purity:

Low Purity (>99%)
High Purity (99%)

The global N-butylene Oxide 1,2 market is segmented on the basis of its end-use:

Fuel & Lubricants
Textiles
Oil & Gas
Chemicals
Plastic & Polymers

The global N-butylene Oxide 1,2 market is segmented on the basis of its application:

Chemical Intermediate
Non-ionic surfactant
Solvent
De-emulsifier
Additives
Stabilizer
Defoamer

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Silicon Germanium Material Market to Hit US$ 10 Billion by 2032

The global silicon germanium material market is estimated to provide an incremental potential of more than US$ 4.5 billion by 2022, rising at a phenomenal CAGR of roughly 12% to 13% between 2022 and 2032. Sales of silicon germanium material are expected to hit US$ 10 billion by the end of 2032, up from US$ 4 billion in 2021.Silicon germanium material is an alloy with a particular molecular ratio of silicon and germanium. Silicon germanium material is majorly used as a semiconductor material in various applications. It is also used for the manufacturing of silicon germanium bipolar transistors. Silicon germanium material has good optical properties, because of which, it can be used to manufacture photonic devices. Silicon germanium material is favored in the manufacturing of complementary metal oxide semiconductors (CMOS).

Developments in the semiconductor industry are allowing the exploration of new applications of silicon germanium material in the industrial and consumer electronics industry. Manufacturers of silicon germanium material have shown high growth in their sales of silicon germanium material and devices. The wide range of applications of silicon germanium material includes electronic devices, heat to power transmission devices, wireless devices, radio and GPS devices, and fiber optic devices. The thermoelectric properties of silicon germanium material makes it useful in space applications.

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Market Dynamics of the Silicon Germanium Material Market

Semiconductor devices have seen an upsurge in demand in recent years. The increasing demand for semiconductor materials from various electronic applications has pushed the growth of the semiconductor materials market. New developments, as a result of continuous research in the field of material science, are accelerating the growth of the silicon germanium material market. Increasing end-use industries such as automotive, aerospace, defense, consumer electronics, and other industries are pushing the demand for silicon germanium material. High growth in the end-use industries in emerging economies such as India and China is also boosting the demand for silicon germanium material.

Alternatives Products May Restrain the Potential Growth of the Silicon Germanium Material Market

New inventions that are exploring the combination of other elements, including carbon, tin, lead, silicon, and others semiconductor material, may hinder the potential growth of the silicon germanium material market. Moreover, increasing competition from Asian players is impacting the prices of the devices related to silicon germanium material.

Silicon Germanium Material Market Trends: Innovation and New Product Development

Market players are investing in R&D to develop better combinations of silicon germanium materials. The market has witnessed developments in silicon germanium material for improving the performance of the devices in which these materials find application.

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Silicon Germanium Material Market: Regional Outlook

Korea, Taiwan, and Japan are the leading countries in the silicon germanium material market. The large contribution of these countries in the global silicon germanium material market has made Asia Pacific a leading region. High growth is expected in the region during the forecast period. Increasing population and rising disposable income of the populations in China, India, and other emerging Asia Pacific countries are expected to boost the demand for consumer electronics and other products where silicon germanium material is used. North America is followed Asia Pacific, in terms of the demand for silicon germanium material, in terms of both, value and volume.

The total demand in Europe for silicon germanium material is less than that of North America. Moreover, lower growth is projected in the European region as compared to Asia Pacific. Latin America and the Middle East & Africa contribute a small share in the global silicon germanium material market. However, high growth in the demand for silicon germanium material is expected from the Middle East &Africa region. Emerging economies and ample growth opportunities are attributed for the growth of the market in this region.

Global Silicon Germanium Material Market: Market Participants

Some of the market participants identified across the value chain of the global silicon germanium material market are:

IBM Corporation
AIXTRON
Applied Materials
Atmel Corporation
Analog Devices
Hitachi Ltd.
IHP Microelectronics GmbH
GLOBALFOUNDRIES
Infineon Technologies
IQE PLC
MACOM
Tower Semiconductor Ltd
Riber
STMicroelectronics N.V
NXP Semiconductors NV
Skyworks Solutions, Inc.
Texas Instruments Inc.
Toshiba Corporation
Taiwan Semiconductor Manufacturing Company, Ltd.

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Global Silicon Germanium Material Market Segmentation
On the basis of application, the global silicon germanium material market can be segmented as:

Mobile Phones
Laptops
CATVs
Network Devices
Sensor Devices
Medical Instruments
Other Devices (Laser Devices, Lighting Devices)

On the basis of end-use industry, the global silicon germanium material market can be segmented as:

Consumer Electronics
Aerospace & Defense
Automotive Industry
Communication Industry
Medical & Healthcare
Others (Instrumentation Industry)

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Semiconductors in Solar Photovoltaic (PV) Power Systems Market Value to Grow by Almost US$ 1,377.27 Bn by 2032

The market for semiconductors in solar photovoltaic (PV) power systems is anticipated to expand from a value of US$ 222.44 billion in 2022 to US$ 1,377.27 billion by 2032, at a CAGR of 20%.

The following are major drivers of demand:

Due to the rising energy consumption brought on by the expanding population, there is an increasing need for sustainable energy sources as well as helpful government regulations.
These limitations help to lessen environmental pollution by limiting dependency on fossil fuels. This largely drives the demand for semiconductors in solar photovoltaic (PV) power systems, which in turn encourages the demand for renewable energy sources like solar energy.
The reduction of carbon emissions and the generation of inexpensive electricity are additional factors that are anticipated to boost semiconductor sales in solar photovoltaic (PV) power systems and fuel market expansion.
As public awareness of environmental preservation rises, numerous nations have established environmental standards.

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Rising Electricity Demand Will Speed Market Growth For Semiconductors Used In Solar Photovoltaic (PV) Power Systems

Power consumption has increased dramatically over the past few years due to the expansion of the manufacturing sector, population growth, and strong economic growth. Power consumption is rising in developing economies as a result of population growth and infrastructure expansion.

As a result of industrialization, urbanisation, and rising living standards, there is a greater need for energy generation. To meet the growing need for energy, several countries are expanding their power-producing capacity, either by constructing new plants or enhancing the capacity of already-existing ones.

In order to lessen their dependency on conventional energy sources, numerous countries are boosting their usage of renewable energy sources to produce power. A key renewable energy source that can meet the growing need for electricity is solar energy.

The solar photovoltaic (PV) power systems market has seen several quick technological breakthroughs during the last several years. Perovskite is the most modern solar material with an appropriate crystal structure for light absorption.

Perovskite cells additionally outperform silicon in dimly lit areas, on cloudy days, or indoors, enabling higher conversion efficiencies. The main benefit of using semiconductors in solar photovoltaic (PV) power systems is that they are a cheap, readily available material with the potential to produce cheap solar electricity.

Semiconductor Market Trends And Opportunities In Solar Photovoltaic (PV) Power Systems

The focus is increasingly turning to the renewable energy industry, particularly solar photovoltaic energy, as a result of tight carbon emission limits implemented by governments in many different countries. This is projected to fuel the market expansion for semiconductors in solar photovoltaic (PV) power systems throughout the anticipated time.

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Market Overview for Semiconductors in Solar Photovoltaic (PV) Power Systems

Energy efficiency, environmental friendliness, and cost cutting have become crucial challenges for the semiconductor business in recent years. Insulated gate bipolar transistors (IGBTs), for example, have been introduced by the electronics and semiconductor industries as semiconductor solutions for solar power systems.

PV cells, insulated gate bipolar transistors (IGBTs), metal oxide field effect transistors (MOSFETs), diodes, couplers, analogue IC, logic IC, micro components, and optical semiconductors are a few of the several semiconductor products utilised in the solar PV sector.

Volatility in the price of fossil fuels, environmental concerns, financial incentives from the government, and technology advancements are some of the factors influencing the growth of the solar power market.

The need for semiconductor power devices in solar photovoltaic systems is being driven by growing concerns over performance efficiency to cut power losses. The expansion of semiconductor demand in the solar power industry has been fueled by a continued focus on design enhancements throughout the electrical and electronic industries.

At the same time, demand for alternative and renewable energy has surged, particularly for solar energy, which is growing quickly. Additionally, the market for semiconductor makers in solar PV is experiencing tremendous expansion due to the increase in government subsidies and feed-in tariff policies.

Due to cost concerns, competition from conventional energy sources that are offered at a subsidy in various countries poses a challenge to the growth of the solar power market. This has an impact on the development of semiconductors for renewable energy sources, such as solar PV.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Regional analysis includes

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Real Time Location System (RTLS) Market is Expected to Reach US$ 37.3 Bn by 2032 | Report by FMI

In 2022, the revenue from real-time location systems will reach US$ 4.6 Billion. This market is expected to reach $37.3 billion by 2032, with a CAGR of 23.2% from 2022 to 2032.

A real-time location system (RTLS) is a piece of technology that can locate and geolocate any object in real time. To obtain the desired information, a wireless system is typically employed. RLTS and RFID (radio frequency identification) are sometimes confused, but their scopes and technologies are distinct. The foundation of RLTS is real-time data and automatic target identification.

A real-time location system (RTLS) is a technology which is capable of detecting and tracking the geolocation of any objects in real time. The target information is generally collected over wireless system. RLTS is sometime perceived similar to RFID (Radio Frequency Identification) but both differ in scope and technology. The core of RLTS is the real time data and to identify the target automatically.

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RLTS Market Overview

RLTS global market is expected to acquire a distinct prominence owing to rise in security concern and asset tracking. Surge in workplace accidents and to monitor assets can be attributed for its sustained growth.

RLTS market is primarily driven by its growing demand in healthcare sector. RLTS can be programmed to send highly accurate data in real time if used with combination of advanced application and software, which has been proved lifesaving in certain scenario like fire evacuation or a natural calamity like earthquake.

Real Time Location System: The Need of the Hour

The current state of pandemic caused by COVID-19 is grave and the panic it has unleashed globally is beyond imagination. RLTS technology can be fully leveraged in this situation, especially in quarantine centre and to track the real time location of patients and staffs.

The education sector which is considered as the future of a country is going through extreme crisis. RLTS with combination of RFID can be implemented at large scale to alert the responsible person to keep a check on social distancing. Successful implementation and deployment of such technology can also make ourselves prepared for future pandemic.

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RLTS Market: Decoding Digital Generation And Growing Digitalization of Businesses

RLTS have plenty of solution to offer, not only to businesses but also for consumers and individual entity. In the era of information technology there are no such things which cannot be digitalize. RLTS is leveraging such technological advancement and digitization in real time, which is further fuelling the growth of market

RLTS is also penetrating its application in to mega stores, warehouse, correctional facilities where misplaced items can be located easily in no time.

Key Restraint in Real Time Location System Market: Security and Privacy

Privacy concern, buggy data and lack of signal strength are largely attributing the hampering of market growth of RLTS. Besides this, the Software is always vulnerable to cyber and malware attacks when connected to a less secure network and can result in theft of organizational data. Furthermore, lack of expertise, awareness in developing countries and well-skilled technicians are also key challenges.

Real Time Location System Market: Region-wise Analysis

Real time location system market growth is steady in North America, where a number of players are offering their services.

Outside of North America, Germany, UK, and France are some of the other important countries for real time location systems.

The shifting of technological prowess to Asia Pacific has meant that in addition to traditional heavyweights including Japan, and South Korea, China and India are also likely to be the key markets for real time location system market.

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Real Time Location System (RTLS) Market by Category

By Product Type:

RTLS Hardware
RTLS Software
RTLS Services

By Technology:

Ultra-Wideband
Wi-Fi
RFID
ZigBee
Infrared
Others

By Industry:

Finance
Manufacturing & Resources
Distribution Services
Services
Public Sector
Infrastructure

By Region:

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

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Boutique Hotel Market – Business Opportunities and Global Forecast to 2032 | FMI

The Boutique Hotel Market is estimated at US$ 93.37 Billion in 2022 and is projected to reach US$ 115.80 Billion by 2032, at a CAGR of 6.7 % from 2022 to 2032.

In order to raise awareness and boost ticket sales, the hotel industry is adopting cutting-edge social media marketing techniques, including Facebook. More customers are using booking applications due of their usability and convenience.

The tourism industry is seen favorably by the federal government and local government, and Boutique, small, and medium-sized hotels can benefit from this programs by launching financing projects, advertising campaigns, and training programs. The travel and leisure sector supports the construction of hotels. It promotes social development and job creation within the region. It keeps millions of jobs in the hotel industry alive.

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Key Takeaways:

The North America and Asia Pacific regions hold a market share of ~28% and ~25% respectively.
The Covid-19 pandemic had a 45% impact on the value of the Boutique Hotel tourism.
Online booking channels lead the charts in Boutique Hotels tourism market booking channel segmentation.
Miami, Los Angeles, London, New York City, the USA, and UK are some of the most popular destinations for Boutique Hotel tourism
Promoting domestic tourism and supporting safe returns of international tourism.

Impact of COVID-19 on the Boutique Hotel Market

Governments and businesses will turn to the protection of their citizens as their top priority as the COVID-19-affected economies continue to spiral out of control. But governments and businesses will need to act quickly to deal with the impact of the slide in equities on global revenue and stock values.

Almost every region of the world has been impacted by COVID-19’s interruptions, and the hotel business has been among those most badly impacted. The travel bans were put into place, and they had a direct impact on hotel staff as well. The hotel and leisure industries are also working hard to understand and quantify the operational and financial ramifications for their companies while reacting rapidly and maintaining focus. Decisions to shut down lodging facilities, eateries, amusement parks, and theatres, as well as the general disruptive effects of the travel ecosystem.

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Who is winning?

To raise their market share, take advantage of market prospects, and boost market profitability, the companies in the Boutique Hotel business have employed a variety of developmental tactics. The top businesses are able to maintain their competitive advantage in the industry by offering all-inclusive packages and saving travellers the effort of browsing multiple channels for their trips.

Leading players operating in the Boutique Hotel industry are Hyatt Hotels, Four Seasons Holdings Inc., Mandarin Oriental International Limited, The Indian Hotels Company Limited, Jumeirah International LLC, Marriott International, Inc., Starwood Hotels and Resorts (Marriott), Starwood Hotels and Resorts (Marriott), Hyatt Hotels, ITC Hotels Limited, and Kerzner International Resorts, Inc.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global Boutique hotel tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the Boutique hotel market based on hotel type (Business Hotels, Suite Hotels, Airport Hotels, Resorts Hotels, and others), booking channel (phone booking, online booking & in person booking), tourist type (domestic & international), tour type (independent traveller, tour group & package traveller), consumer orientation (men & women), age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, 66-75 years), across seven major regions.

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Innovation Management Market 2022 New Technological Development Projecting Massive Growth till 2032

According to Future Market Insights (FMI), the innovation management market is forecasted to reach a net worth of US$ 3.1 Bn in 2032, increasing from US$ 1 Bn in 2021. It is estimated to witness an impressive CAGR of 10.7% over the forecast years.

Over the last decade, most global companies have transformed into digital modes requiring a higher degree of innovation in inventory management with agile data processing technologies. Product idea management has also surfaced to be an important business operation that has further boosted the demand for strategic management of technology and innovation solutions in the global market.

Continuous innovation for developing new products according to the demand of targeted customers is turning out to be the most effective business model for large and small enterprises to remain competitive in the present market. Performing the task of exchanging ideas and knowledge seamlessly among several stakeholders has been greatly supported by the deployment of the Idea management framework in the digital space of enterprises.

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Integration of Cloud-based technologies and AI-assisted idea generation methods have also increased the popularity of innovation management processes for managing technology and innovation in business.

The growing focus of start-ups and established business entities on penetrating different regions by launching innovative and new products has created a huge opportunity for the adoption of effective innovation management solutions. It also involves any activity for improving the available products or services through the innovation in inventory management for a more open business model.

Key Takeaways

Over the forecast period of 2022 to 2032, the innovation management market is predicted to witness an absolute growth of US$ 2 Bn from the present value of US$ 1.1. Bn in 2022.
On the basis of the deployment model, cloud services are getting highly popular among the end-users by virtue of their dynamic and effective innovation management. This segment is expected to witness a growth rate of 10.3% over the forecast timeframe.
Among the different components essential for setting up an Idea management framework, services are the major segment of the innovation management market in the present times. This segment is predicted to record a CAGR of 10.6% during the forecast period.
The US is the leading market in terms of total revenue generated through innovation project portfolio management, occupying a share of nearly 35% of the global market. This region is anticipated to grow at the highest rate of 10.6% and is expected to be worth around US$ 1.1 Bn in 2032.
Asia Pacific geographic region follows North America in terms of growth rate for the innovation management market. The three top-performing countries, namely China, Japan and South Korea, are expected to be contributing about US$ 500 Mn together by the year 2032.

Competitive Landscape

Some of the prominent players in the global innovation management market are Accenture, SAP SE, Sopheon, Planview, Qmarkets, Brightidea, Planbox, HYPE, IdeaScale, and Innosabi, among others.

With the growth in the number of third party companies for managing technology and innovation in business, the global innovation management market has become highly competitive at present days. Most of the emerging players are getting specialized by targeting particular niche sectors for higher market demand. Health policy innovation and management is one of such popular segments getting increasingly targeted by the prominent players in the innovation management market.

Planview Company acquired the rights of Apatage in July 2020. Apatage is a first of its kind system for the application of artificial intelligence (Al) and machine learning (ML) for working and management of portfolios that will offer greater acceptability for Planview in the global market.

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Key Segments

By Component:

Solution
Services

By Deployment Type:

On-Premises
Cloud

By Function:

Product Development
Business Process

By Organizational Size:

Large Enterprise
Small & Medium Enterprise

By Vertical:

BSFI
Aerospace and Defense
Healthcare and Pharmaceuticals
Retail and eCommerce
Information Technology and Telecommunications
Government
Manufacturing
Transportation and Logistics
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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IoT Spend by Logistics Industry Market : Notable Developments & Geographical Outlook 2022 to 2032

The global IoT spend by logistics industry market is estimated at US$ 35.2 Billion in 2021 and is projected to reach US$ 39.6 Billion by 2022. The market is expected to reach US$ 114.7 Billion by 2032 while recording a CAGR of 11.2% during the forecast period from 2022 to 2032. With the ever-growing volume of domestic and foreign trade, industries are investing in technologically advanced logistics solutions to reduce downtime and ensure safe and fast delivery of goods and services.

During the historical period ranging from 2016 to 2021, IoT spending by the logistics industry experienced an impressive increase at a CAGR of 12%. During the said historical period, the industry experienced a dollar opportunity worth more than US$ 75 Billion. By the end of 2022, the market is poised to reach a valuation of US$ 39.6 Billion.

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With IoT, logistics management becomes a holistic process, allowing data from sensors to be collected and presented in an organized, concise manner. Planning and budgeting are improved by real-time delivery and inventory monitoring. IoT logistics applications provide detailed data that allows managers to identify inefficiencies early in the logistics process, reduce waste, and always stay on top of the logistics process.

Key Takeaways from the Market Report

The global IoT spend by logistics industry market is expected to expand nearly 3x until 2032
By component, IoT logistics spend hardware to expand at a CAGR of 11% during the forecast period
The U.S. market is projected to grow at a CAGR of 11.1% over the forecast period, reaching US$ 19.7 Billion.
India is estimated to grow at a 13% CAGR during the forecast period.
U.K is expected to reach a CAGR of 12.1% during the forecast period between 2022 and 2032.

Competitive Landscape

Key Players that have been profiled in the report are Amazon Web Services, BICS SA/NV, Bosch Software Innovations GmbH, Cisco Systems Inc., Honeywell International, Intel Corporation, IBM Corporation, Kaa IoT Technologies, LLC., NEC Corporation, Novire Technologies, Octonion SA, Oracle Corporation, PTC Inc., Rockwell Automation, Inc. and SAP SE. Innovative products and technologies will allow customers to benefit from new technologies.

In October 2021, DB Schenker was announced as the winner of the Cisco 2021 Excellence in Global Logistics award. As part of Cisco’s annual Supplier Appreciation Event (SAE), the brand revealed the award winners. For the second year in a row, the 30th anniversary of SAE was virtually broadcast on Cisco TV on September 14, 2021. It recognizes DB Schenker for providing Cisco with collaborative solutions that enhance Cisco’s business strategies and for demonstrating excellence in operating performance, innovation, and collaboration.
A new feature will be added to Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) in February 2022. This will help organizations become more efficient in their global supply chains. By updating Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management, organizations can improve customer experiences, reduce costs, and be more flexible during disruptions in business.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global IoT Spend by Logistics Industry market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered in the IoT Spend by Logistics Industry Report

IoT Spend by Logistics Industry by Components:

IoT Logistics Spend Software
IoT Logistics Spend Hardware

IoT Spend by Logistics Industry by Organization Size:

IoT Logistics Spend for Small-Mid-sized Organizations
IoT Logistics Spend for Large-sized Organizations

IoT Spend by Logistics Industry by Application:

IoT Logistics Fleet Spend
IoT Logistics Warehouse Spend
IoT Logistics Freight Spend
IoT Logistics Yard/Dock Spend

IoT Spend by Logistics Industry by Region:

North America IoT Spend by Logistics Industry Market
Europe IoT Spend by Logistics Industry Market
Asia Pacific IoT Spend by Logistics Industry Market
Middle East and Africa IoT Spend by Logistics Industry Market
South America IoT Spend by Logistics Industry Market

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Digital Rights Management Market 2022 Comprehensive Shares, Historical Trends And Forecast By 2032

The global digital rights management market is expected to garner US$ 17.8 Billion, exhibiting a CAGR of 13.5% during the forecast period from 2022-2032. The market is valued at US$ 5 Billion in 2022, against US$ 4.4 Billion in 2021. The growth of the market can be attributed to the rising demand for copyright protection among corporates to safeguard their content.

Also, with rapid growth in the usage of PCs and laptops, there have been various incidences of hacking that interfere with government and corporate networks to gain access to confidential details. With the increasing penetration of digital devices, data volume has increased significantly, thus, expanding the market size in the forecast period.

Also, the growing popularity of the BYOD trend among corporates has provided the impetus to the market expansion, offering various opportunities for real-time access to business information with a flexible work culture.

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In addition, with the increasing demand for OTT content, the market is likely to witness notable opportunities for expansion in the assessment period. The increasing popularity of OTT platforms like Netflix, Hulu, Amazon Prime, and Disney Plus among others is predicted to positively influence the market. On the contrary, additional overhead costs and associated complexities with DRM are likely to hinder the market growth in the coming time.

However, with continuous developments in data security like up-gradation to end-to-end encryption are expected to counter the negative factors and support the market expansion in the coming years.

Key Takeaways from the Market Study:

The global digital rights management market to value US$ 17.8 Billion from 2022-2032
The global digital rights management market to witness a 13.5% growth rate from 2022-2032
The software segment, by component, to expand at 9.8% CAGR from 2022-2032
The On-premise segment, by deployment, to exhibit a 6.7% growth rate by 2032
The U.S market to expand at 9.8% CAGR and garner US$ 3.1 Billion by 2032
Market in China to procure USD 90 Mn from 2022-2032
Indian market to secure US$ 500 Million during the forecast period

Competition Analysis

Key players in the global digital rights management market include Adobe Systems Incorporated, Apple Inc., Conax AS, Dell EMC, and Fasoo.com Inc., among others. Recent key developments among players include:

In January 2020, Seclore, a data-centric security platform in the U.S, rolled out Seclore for O365. Organizations are using digital right management technologies to secure sensitive data information.
In February 2021, RAIR Technologies announced a decentralized digital rights management platform. It was built to power digital scarcity for creators.

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More Valuable Insights

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

Key Segments Covered In The Digital Right Management Industry Report

Digital Rights Management by Component:

Digital Rights Management Software
Digital Rights Management Services

Digital Rights Management by Deployment Type:

On-Premise Digital Rights Management
Cloud-Based Digital Rights Management

Digital Rights Management by End Use Industry:

Digital Rights Management for Healthcare
Digital Rights Management for BFSI
Digital Rights Management for Government
Digital Rights Management for Media and Entertainment
Digital Rights Management for Retail
Digital Rights Management for Other End Use Industries

Digital Rights Management by Region:

North America Digital Rights Management Market
Europe Digital Rights Management Market
Asia-Pacific Digital Rights Management Market
Middle East & Africa Digital Rights Management Market
South America Digital Rights Management Market

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Accounts Payable Automation Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2022 – 2032

The global market for accounts payable automation is calculated at US$ 2.6 Bn in 2022 and is projected to reach US$ 6.7 Bn by 2032. The market is expected to reach a CAGR of 10% during the forecast period from 2022 to 2032. Companies are experiencing the biggest boom in the adoption of software enhanced with machine learning and artificial intelligence (AI) across various industries.

An advanced invoice software system reduces the amount of manual work required for complex matching tasks, allowing them to be conducted with greater reliability. Intelligent software also simplifies the process of detecting and correcting errors, making them more effective in the market.

A major driving force behind the market is the growing demand for automation in accounts payable due to the numerous advantages it offers, including remote payment options, real-time fast-tracking of the payments, 24/7 access to payment information, and improved efficiency. As a result of automation, cash patterns can be identified, helping to improve security and fraud management while enabling complete control over invoice approvals.

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Key Takeaways:

Global account payable automation market to reach US$ 6.7 Bn by 2032.
By Component, Solutions are projected to grow at a CAGR of 10% during the forecast period.
S. market is estimated to reach US$ 2.4 Bn while growing at a CAGR of 9.7% during the forecast period.
By Deployment Type, On-premises deployments will grow at a CAGR of 9.6% during the forecast period.
China is expected to reach a CAGR of 9.3% with a market value of US$ 458.3 Bn in 2032 during the forecast period.
The Japanese market is expected to reach a market value of US$ 384.4 Billion by 2032.

Competitive Landscape

Key Players that have been profiled in the report are SAP, Sage, Tipalti, Freshbooks, FIS, Zycus, Bottomline Technologies, Coupa Software, Comarch, and FinancialForce. In an effort to emerge as a recognized and profitable business, firms continue to adopt a strategy that includes new product launches, R&D, patents, approvals, events, product innovations, joint ventures, partnership agreements, digital marketing, collaborations, mergers,, and acquisitions.

In May 2021, Repay Holdings Corporation integrated its account payable automation offering into Sage 100. With this new product offering, Sage now also offers connections to Sage 300 and Sage X3 products. With its integration of accounts payable solutions to Sage 100, Repay continues its commitment to helping businesses reduce costs and optimize processes. Companies can access the new payment option through APS Payments, which offers omnichannel solutions for corporate payments.
In December 2021, Tipalti announced that it has raised $270 million in a Series F funding round that values the company at $8.3 billion. In addition, Tipalti plans on using the new capital to focus on customer operations and a global expansion. Furthermore, the company plans to fill positions spanning its product, engineering, sales, and marketing teams.

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More Valuable Insights Available

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

Key Segments Covered in the Accounts Payable Automation Market

By Component: