Debt Collection Software Market is Projected to Rise at a CAGR of 9.7% from 2022 to 2032 | FMI

The global debt collection software market is projected to rise at a CAGR of 9.7% throughout the forecast period. The debt collection software market size is anticipated to grow from US$ 3.8 Bn in 2022 to US$ 9.6 Bn in 2032. The expansion of the debt collection software market is being fuelled by enterprises’ increasing desire for better debt recovery. Financial institutions are restructuring their debt collection process to minimize the timing of the money collection, which is leading to savings of about 30.0 per cent of the expenditures related to it.

Debt collection software aids in the automatic and daily monitoring of customers’ accounts, as well as the provision of loan installation notifications and alerts. This enables financial institutions to provide timely updates and cautions about loan Equated Monthly Instalments (EMI).

Debt collection software also assists financial institutions in complying with consumer protection regulations by recognizing bankruptcy status and litigious customers. As a result, the debt collection software market is fast growing.

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Debt collection services are gaining popularity as a result of their ability to assist businesses with strategy formulation, software deployment, and implementation based on their unique needs. As a result, a rise in the use of debt collection software across various industries, such as collection agencies, financial institutions, government, telecom & utilities, real estate, commerce, and healthcare, is supporting the growth in the sales of debt collection software.

As per the recent debt collection software market study, several firms from various industry verticals are rising in demand for multichannel communication solutions to communicate with debtors and advance their collection methods using cutting-edge automated technologies. This reason is increasing the sales of debt collection software, which is propelling the debt collection software market’s growth.

The adoption of debt collection services is expanding among major businesses, as opposed to small and medium-sized businesses, due to economies of scale and pricing. This indicates that the market is expected to attract excellent sales opportunities from significant corporations around the world.

Key Takeaways

  • Data analytics with debt collection solutions is a trend that is projected to gain pace in North America, particularly in the United States, shortly. Debt collection software providers understand the importance of big data analytics and predictive analytics in debt collection, as well as the advantages of data visibility in terms of compliance.
  • The software component segment of the debt collection software market is expected to rise at a CAGR of 9.3% throughout the forecast period.
  • The increasing willingness of businesses to use debt collection software to streamline the debt recovery process is expected to drive demand for debt collection software solutions in the Asia Pacific.
  • The US debt collection software market size is projected to reach a valuation of US$ 3.3 Bn by 2032.

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Competitive Landscape

As per the debt collection software market analysis by FMI, the global debt collection software market appears to be moderately fragmented in character. Furthermore, the presence of a large number of vendors demonstrates that the market for debt collection software is highly competitive.

As a result, to keep ahead of the competition, key market players are implementing various strategies such as mergers, acquisitions, partnerships, and collaborations. Companies are also benefiting from these techniques as they expand regionally.

Many organizations in the debt collection software market are boosting their research and development spending. One of the main goals of these studies is to improve the quality of the services they offer. These initiatives are expected to help the debt collection software market grow in the coming years.

FIS, Nucleus Software Exports Ltd., Scorto, Inc., Temenos Headquarters SA, CGI, Inc., TransUnion LLC, Sentinel Development Solutions, Inc., Debtcol Software Pty Ltd., Intellect Design Arena Ltd., and Chetu Inc. are some of the key companies operating in the global debt collection software market.

Key Segments

By Component:

  • Software
  • Services

By Deployment:

  • Cloud-based
  • On-premise

By Organization Size:

  • SMEs
  • Large Enterprises

By End user:

  • Healthcare
  • Financial Institution
  • Collection Agencies
  • Government
  • Telecom & Utilities
  • Other

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By Region:

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

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5G Industrial IOT Market : Notable Developments & Geographical Outlook 2022 to 2032

The 5G Industrial IOT market revenues were estimated at US$ 890.0 Mn in 2021 and are anticipated to grow at a CAGR of 28.1% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 18.8 Bn. 5G Industrial IOT revenue through large enterprises is projected to grow at a CAGR of nearly 28% during the period of projection.

5G Industrial IOT market plays a vital role in telecommunication and manufacturing industries and this trend is likely to be continued due to the predicted to reach US$ 18.8 Bn in 2032. Many telecommunication industries are implementing 5G technology for faster network connectivity and various software are adopted for a better-automated work environment.

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Key Takeaways from the Market Study

  • Global 5G Industrial IOT market is expected to reach a market size of US$ 18.8 Bn by 2032.
  • In 2022, 5G Industrial IOT Market is estimated to reach a valuation of US$ 1.6 Bn.
  • Among components, hardware shows the highest potential for growth. Revenue through 5G Industrial IOT hardware is expected to grow at a CAGR of about 27.9% during 2022- 2032.
  • China, the key market is expected to hold the prominent market share and grow at a CAGR of 27.3% during 2022 – 2032.

Competitive Landscape

A number of regional and global players operate in this market. These companies compete based on the innovation of their products, their quality, their brand reputation, and their market presence in order to sell their products through various industries. A variety of strategies are being employed by companies to remain competitive.

  • In Mar, 2022, Ericsson & Vodafone UK cooperated to frame an organization cut on 5G SA involving single RAN work for high-transmission capacity and low-inertness network which can be conveyed for computer generated reality use case in a retail location.
  • In Mar, 2022, Cisco & Tech Mahindra announced their collaboration to modernize 5G infrastructure with routed optical networking. Cisco has expertise in routed optical fiber whereas Tech Mahindra has expertise in IP-based, software driven 5G networks.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the 5G Industrial IOT market, presenting historical market data (2019-2021) and forecast statistics for the period of 2022-2032.

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Market Segments Covered in 5G Industrial IOT Industry Analysis

By Component:

  • Hardware
  • Solution
  • Services

By Organization Size:

  • SMEs
  • Large Enterprises

By Application:

  • Predictive Maintenance
  • Business Process Optimization
  • Asset Tracking and Management
  • Logistics and Supply Chain Management
  • Real-Time Workforce Tracking and Management
  • Automation Control and Management
  • Emergency and Incident Management, and Business Communication

By End User:

  • Process Industries
  • Discrete Industries

By Region:

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

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

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Call Center AI Market 2022 Comprehensive Shares, Historical Trends And Forecast By 2032

The Call Center AI Market is poised to grow at a stable CAGR of 13.5%, reaching US$ 6 Billion by 2032 from US$ 1.3 Billion in 2021. Growing client involvement through social media platforms, as well as increased data collection through the Internet of Things (IoT), social media, and developments in imaging technologies, are major growth factors for the call centre AI market.

Due to the growing necessity for organizations to replace old infrastructure to build a more flexible approach to customer interaction during the COVID-19 pandemic, the usage of sophisticated call centre software solutions has surged. Customer engagement success has historically been judged by the precision and speed with which requests are addressed, which is driving demand for call centre AI.

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Factors such as the increased need for improved customer experience and response time, as well as greater data analysis capabilities, are influencing the global call centre AI market. Furthermore, the call centre AI market’s growth is being hampered by expensive installation and training costs, as well as privacy and security concerns.

In certain cases, responding to client inquiries in real-time might be challenging for a customer service representative, as customers may not understand the context of their inquiry. This has necessitated the development of better data analytics skills. The global call centre AI market is growing due to the requirement for better data analytics skills. During the forecast period, an increase in demand among contact centers to integrate social media platforms such as Facebook and Twitter to fulfill the organization’s aim of effective customer service programs is likely to give lucrative chances for call centre AI market expansion.

Platforms for social media have evolved into a vital component of modern businesses. Every firm has been increasing its social media presence in order to reach out to its customers more easily. With internet access and high social media penetration rates, a number of developing nations are seeing a population increase. As a result, firms must modernize how they reach out to customers and respond to their problems on social media platforms, as conventional customer service approaches are no longer applicable in the digital age.

Customers are increasingly using social media channels to communicate with businesses and discuss their experiences. Furthermore, factors such as a large client base, a large number of SMEs, the emergence of the e-commerce sector, and government measures promoting business process automation all contribute to the call centre AI market’s growth.

Key Takeaways:

  • The solutions from the call centre AI market are expected to grow at the fastest CAGR of 13.1% in the component sector.
  •  Cloud is expected to grow at a high rate in the deployment type sector of the call centre AI market, with a CAGR of 13.4%.
  • The market size for call centre AI in the United States is expected to reach US$ 2.1 Billion by 2032, growing at a CAGR of 13.4% during the research period.
  •  UK is expected to reach a market size of US$ US$ 282.1 Billion in the call centre AI market by 2032, with a CAGR of 12.7% during the research period.
  • China’s call centre AI market is expected to be worth US$ 346.4 Mn by 2032, with a CAGR of 13% over the forecast period.
  •  Japan is expected to have a market size for call centre AI of US$ 321.0 Mn by 2032, with a CAGR of 12.5% during the research period.
  • By 2032, South Korea is expected to reach a market size of US$ 210.8 Mn in the call centre AI market, with a CAGR of 12.1% during the research period.

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Competitive Landscape:

Major vendors in the call center AI market include IBM, Google, Microsoft, Oracle, and SAP.

  • Microsoft inaugurated the Africa Development Centre (ADC) in Kenya and Nigeria in May 2019 as part of its commitment to cloud technologies across the continent.
  • IBM and Regions Bank Corporation (US) teamed up in April 2019 to offer IBM Watson AI technology to help improve customer service and aid bankers in their daily duties. Regions Bank uses Watson Assistance in its contact centers to assist both customers and workers, ensuring a great customer experience.
  • Google updated Dialogflow in February 2019 to make it more dependable, scalable, and accurate. Improved system entity recognition and language support are the two most significant changes. These enhancements are available in both Dialogflow versions (standard and enterprise).

Key Segments

By Component:

  • Compute Platforms
  • Solutions
  • Services
    • Training & Consulting Services
    • System Integration & Deployment Services
    • Support & Maintenance Services

By Deployment Type:

  • On-premises
  • Cloud

By Vertical:

  • BFSI
  • Media & Entertainment
  • Retail & eCommerce
  • Travel & Hospitality
  • Telecom
  • Healthcare
  • Others (Automotive, Government, Manufacturing, Education, and Energy & Utilities)

By Region:

  • North America
  • Europe
  • APAC
  • Middle East and Africa (MEA)
  • Latin Americ

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Dealer Management System Market 2022 Development Status, Competition Analysis, Type and Application 2032

As per the analysis of FMI, the dealer management system market is projected to grow from US$ 8.2 Billion in 2022 to US$ 14 Billion in 2032 & is anticipated to have a steady CAGR of 5.5% during the period 2022-2032. The growing investment in dealer management systems, rising acceptance of cloud technology, and the move from paperwork to automation are propelling the dealer management system market forward.

Furthermore, rising demand for improved inventory management, improved sales tracking, enhanced CRM, improved commission and insurance calculation, and technological advancements in dealer management systems with the incorporation of artificial intelligence (AI) and data analytics capabilities will drive the global dealer management system market growth in the coming years.

The COVID-19 pandemic condition caused several countries to implement lockdown in 2020, wreaking havoc on their companies and forcing the closure of vehicle dealerships.

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KEY TAKEAWAYS:

  • The On-Premise from the dealer management system market is expected to grow at the fastest CAGR of 5.1% in the deployment type sector.
  • Transport & Logistics is expected to grow at a high rate in the end user sector of the dealer management system market, with a CAGR of 6%.
  • The market size for dealer management systems in the United States is expected to reach US$ 4.3 Billion by 2032, growing at a CAGR of 6% during the research period.
  • United Kingdom is expected to reach a market size of US$ 0.9 Billion in the dealer management system by 2032, with a CAGR of 5.1% during the research period.
  • China’s dealer management system market is expected to be worth US$ 0.7 Billion by 2032, with a CAGR of 3.2% over the forecast period.
  • Japan is expected to have a market size for the dealer management system of US$ 0.7 Billion by 2032, with a CAGR of 6.2% during the research period.
  • By 2032, India is expected to reach a market size of US$ 0.6 billion in dealer management systems, with a CAGR of 7.1% during the research period.

A list of Key Players Covered in the Dealer Management System Market are:

  • Adam Systems
  • BiT Dealership Software, Inc.
  • Blue Skies Business Solutions Inc.
  • CDK Global LLC.
  • Dealertrack Inc.

Dealer management systems assist car dealers in staying current on dealer management system market trends and developments. As a result, the decline in dealer activity has slowed the growth of the dealer management systems market.

However, security worries stemming from a lack of cyber security safeguards are impeding dealer management system market expansion. Real-time insight, simpler company processes, and engaging customer engagement are all driving the worldwide dealer management system market forward.

Dealer management systems power new and used car sales, repair and maintenance services, consumer finance, and vehicle and parts inventory management. They also provide financial reporting, cash flow management, and payroll services.

The system connects to OEM data processing systems, allowing automobile merchants to order vehicles and components, process warranties, and receive vehicle records. The automobile industry’s widespread use of new dealer management systems is fueling dealer management system market expansion.

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Recent Developments

  • Tekion Corp. will launch the Automotive Retail Cloud, a cloud-based platform that includes all of the features of a dealer management system, in February 2020. It connects important industrial players, allowing them to enhance operational savings.
  • DealerSocket, Inc. announced the purchase of Auto/Mate, a dealer management system supplier for automobile dealerships, in January 2020. Combining Auto/powerful Mate’s dealer management system with DealerSocket’s goods, gives auto dealers a one-of-a-kind platform that combines innovative software with the best service.
  • CDK Global, Inc. will launch Neuron, a Big Data platform linked to the Fortellis automobile commerce exchange, in 2021. The Neuron is intended to transform large amounts of industry data into useful insights for dealers, original equipment manufacturers (OEMs), and third-party software developers.
  • Integrated Dealer Systems (IDS) will introduce Service360 in 2020 to assist dealers in revolutionizing their service and reducing repair event cycle time (RECT). The IDS Service360 is a complete service solution that works in tandem with the IDS Astra G2 dealership management system.

Key Segments

By Deployment Type:

  • On-Premises
  • Cloud

By End User:

  • Transportation and Logistics
  • Agriculture
  • Construction
  • Oil & Gas
  • Mining
  • Marine
  • Motor Sports

By Region:

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

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

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3D Mapping and Modeling Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

The 3D mapping and modeling market revenues were estimated at US$ 4.4 Bn in 2021 and are anticipated to grow at a CAGR of 13.8% from 2022-2032, according to a recently published FMI report. By the end of 2032, the market is expected to reach US$ 18.2 Bn. The software has applications in various industries which are adopting 3D mapping and modelling technologies.

Software tools 3D Mapping and Modeling held the largest share in the market and this trend is likely to be continued due to the predicted CAGR of 13.3% in the next ten years. Market growth is expected to be fueled by the growing demand for software tools for 3D mapping and modeling owing to its demand which was being driven by its utility in area like IT, medical and engineering.

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Key Takeaways from the Market Study

  • Global 3D mapping and modeling market is expected to reach a market size of US$ 18.2 Bn by 2032.
  • In 2022, 3D mapping and modeling market value in the U.S. is estimated at US$ 1.8 Bn.
  • Software tools of 3D mapping and modeling held the largest share in the market.
  • Cloud deployment of 3D mapping and modeling is expected to show the highest potential for growth among the deployment modes. It is expected to grow at a rate of about 13% from 2022 – 2032.
  • U.S., being the key market is expected to hold prominent market share and grow at a CAGR of 13.6% during 2022 – 2032.

“The execution of 3D mapping and modeling in virtual reality products in different ventures is expected to develop the clients’ interest which can catalyze the market ahead”, comments FMI analyst.

What Factors are leading to Growth of the 3D Mapping and Modeling industry?

Growing demand of 3D mapping and modeling in construction industry is one of the key factors driving the market growth. Different areas like medical, civil, automotive, among others, further contributes to the increasing sales of 3D mapping and modeling solutions.

3D mapping and modeling utilized in plotting of streets and buildings, spans, and its expanding attachment with augmented reality applications has kept the demand aloft. Furthermore, entertainment and gaming end-uses have additionally affected the sales of 3D mapping and modeling market. Increasing demand for 3D Animation used in smart technologies will also contribute towards the growth of 3D mapping and modeling revenue during the forecast period.

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Who is winning?

A number of regional and global players operate in this market. These companies compete based on the innovation of their products, their quality, their brand reputation, and their market presence in order to sell their products through various industries. A variety of strategies are being employed by companies to remain competitive.

  • In Sept, 2020, Autodesk announced Navisworks and BIM 360 Integration for Enhanced Coordination Workflows. Navisworks is one of the BIM solutions that serves design and construction users with the ability to completely review integrated models and data for enhanced control over project planning and outcomes.
  • In Nov, 2019, Trimble announced that its browser-based viewer Trimble Clarity is now offered as a stand-alone web application, which has been designed to simplify the visualization and navigation of 3D data

Market Segments Covered in 3D Mapping and Modeling Industry Analysis

By Component:

  • Software Tools
    • 3D Mapping
    • 3D Modeling
  • Services
    • Professional Services
    • Managed Services

By Deployment Mode:

  • Cloud
  • On-premises

By Organization Size:

  • SMEs
  • Large Enterprise

By Vertical:

  • Retail and Consumer Goods
  • Engineering and Construction
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • Government and Defence

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Computer Graphics Market worth US$ 406.3 Million by 2032 at a CAGR of 8%

The global computer graphics market is estimated at US$ 178.7 Million in 2021 and is projected to reach US$ 188.9 Million by 2022. The market is expected to reach US$ 406.3 Million by 2032 while recording a CAGR of 8% during the forecast period from 2022 to 2032.

With the increasing usage of 3D animation and image processing in entertainment, media, and other applications, and the growing demand for computing software in industries such as automobiles, e-commerce, construction, and other manufacturing sectors, this market is predicted to grow in the coming years.

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Key Takeaways:

  • The global computer graphics market is currently valued at US$ 406.3 Million, with a CAGR of 8% during the forecast period.
  •  Hardware components to expand at a CAGR of 7.9% during the forecast period
  • In the U.S., the market is predicted to reach US$ 132.5 Million while growing at a CAGR of 7.7% during the forecast period.
  • The entertainment application market will grow at an 8.2% CAGR during the forecast period.
  • China recorded a CAGR of 9.5% CAGR during the forecast period.
  •  Japan is expected to reach a CAGR of 9.1% during the forecast period between 2022 and 2032.

Competitive Landscape

Key Players that have been profiled in the report are Advanced Micro Devices (AMD) Inc., ARM Ltd., Intel Corporation, Imagination Technologies Limited, and Nvidia Corporation. Innovative products and technologies will allow customers to benefit from new technologies.

  • In February 2022, Intel Corporation and Tower Semiconductor announced a definitive agreement for the acquisition of Tower by Intel at $53. The deal represents a value of about $5.4 billion. Intel’s acquisition of RDI further enhances its IDM 2.0 strategy, enabling the company to address unprecedented industry demand by increasing its manufacturing capacity, expanding its global footprint, and diversifying its technology portfolio. In an era of unprecedented demand for semiconductors, Intel will be able to offer a compelling bundle of leading-edge technologies and differentiated specialties on mature nodes, enabling new business opportunities for existing and future customers.
  • In March 2022, It has been greatly anticipated that Intel would release its Arc Alchemist graphics cards despite the ongoing GPU shortage, and the launch date has finally been announced. The first release of GPUs will be aimed at laptops, and an official Intel Arc event is scheduled for the announcement of these GPUs. A special page has been added to the Intel website for the event, with the teaser “A New Stage of the Game”. This video explicitly states that “we’ll get the first look at Intel Arc graphics on laptops and the first look at our new discrete graphics”.

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More Valuable Insights Available

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

Key Segments Covered In The Computer Graphics Market Report

Computer Graphics by Component:

  • Computer Graphics Hardware
  • Computer Graphics Application software

Computer Graphics by Application:

  • Computer Graphics for CAD
  • Computer Graphics for Image Processing
  • Computer Graphics for Entertainment (3D/Animation/Visual Effects (VFX))
  • Computer Graphics for User Interfaces
  • Computer Graphics for Other Applications (Education Graphics, etc.)

Computer Graphics by Region:

  • North America Computer Graphics Market
  • Europe Computer Graphics Market
  • Asia Pacific (APAC) Computer Graphics Market
  • Middle East and Africa (MEA) Computer Graphics Market
  • South America Computer Graphics Market

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Computer Peripherals Market is Anticipated to Garner US$ 1,216.9 Billion by 2032 | Says FMI

The global computer peripherals market is anticipated to garner US$ 1,216.9 Billion while expanding at a CAGR of 10.6% during the forecast period. The market is estimated at US$ 407.1 Billion in 2021 and US$ 443.3 Billion in 2022. Decreasing prices of consumer peripherals devices are expected to play a salient role in driving the market during the forecast period.

Other salient factors include increased disposable income and surging demand for external storage devices. Moreover, increasing digitalization in education institutions is significantly driving the market in the forecast period. Students can also enrol in various courses provided by other online course providers like Udemy, Coursera, BYJYU’s, edX, and Unacademy, among others. Therefore, rising digitalization, especially, among emerging nations is likely to bolster the market size in the assessment period.

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Rising strategic partnerships and acquisitions are projected to offer a significant boost to the market in the assessment period. For instance, in March 2020, BluPeak, a PC and hardware player, signed an agreement with Dicker Data. Such initiatives are expected to shoot up the market growth graph in the coming time.

Key Takeaways:

  • The global peripherals market to value US$ 407.1 Billion in 2022.
  • The global peripherals market to record a 10.6% CAGR from 2022 -2032
  • The global peripherals market to value US$ 1216.9 Billion from 2022 – 2032
  • The market in the U.S to value US$ 248 Billion, exhibiting 9.6% during the forecast period
  • Market in India to garner US$ 62.8 Billion, expanding at a 12% CAGR
  • Japanese market to secure US$ 50.1 Billion while flourishing at 12% by 2032
  • The Commercial segment to expand at 10.2% CAGR
  • The Storage device segment to record an 11% CAGR

Competitive Landscape

Key players in the global peripherals market include Hewlett-Packard Enterprise Canon Inc., Dell, Inc., Apple, Inc., and Seiko Epson Corporation, among others.

Recent key developments among players are:

  • In April 2022, Espon disclosed its new A4 Desktop color multifunction printer for Eco-conscious businesses.
  • In April 2022, Dell, Nvidia, AMD announced to power the new Ohio AI compute cluster. The Ohio Supercomputer Center (OSC) will construct a new high-performance computing cluster for AI applications based on Dell hardware with AMD Epyc processors and Nvidia accelerators.

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More Valuable Insights

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

Key Segments Covered In The Computer Peripherals Industry Survey

Computer Peripherals by Connectivity:

  • Wired Computer Peripherals
  • Wireless Computer Peripherals

Computer Peripherals by End Use:

  • Computer Peripherals for Residential Use
  • Computer Peripherals for Commercial Use

Computer Peripherals by Product Type:

  • Computer Peripheral Input Devices
  • Computer Peripheral Output Devices
  • Computer Peripheral Storage Devices

Computer Peripherals by Region:

  • North America Computer Peripherals Market
  • Europe Computer Peripherals Market
  • Asia Pacific Computer Peripherals Market
  • Middle East & Africa Computer Peripherals Market
  • South America Computer Peripherals Market

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

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Europe Vehicle Remote Diagnostic Market is Probably to Surge at a Robust 12.5% for 2022 – 2032 | Report by FMI

The Europe Vehicle Remote Diagnostic Market is expected to reach US$ 1.6 Bn in 2022 and US$ 5.2 Bn by 2032, probably to surge at a robust 12.5% CAGR during the assessment period. Vehicle diagnostics systems are made up of a vehicle on-board unit (OBU) and a vehicle diagnostics server (VDS). Vehicle OBU and VDS communicate with several subsystems, including the vehicle wireless network, GPS, CAN (Controller Area Network) bus, on-board diagnostics (OBD), and an online expert system.

From the CAN bus and OBD, the vehicle OBU gets real-time vehicle operating data such as speed, engine RPM (revolutions per minute), throttle, brake, coolant temperature, battery voltage, O₂ sensor, fuel trim, and fuel consumption.

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Expert systems incorporated into the VDS assess vehicle operating data and provide real-time diagnostics and issue early warnings. Once abnormal circumstances are recognized, the VDS will notify the driver or qualified factory regarding the need for vehicle maintenance or repair. Consumers can manage and asses these operations in the vehicle, on cloud-based software or through mobile applications in real-time. 

Manufacturers in the market are aiming to improve sales by using additional contact points inside and outside of automobiles. For these and other parties, automotive data offers significant insights—often gathered through driver interactions with vehicle systems—that are not available from other sources.

Surging demand for advanced components developed by OEMs for enhancing vehicle performance and gathering critical data is increasing the demand for vehicle remote diagnostic services.

Key Takeaways: 

  • By solution, sales in the vehicle remote diagnostic software (ECU diagnosis software) segment are projected to grow at a 14.1% CAGR through 2032.
  • In terms of vehicle type, demand in the passenger & light commercial vehicle segment is estimated to grow by 3.6X during the forecast period.
  • Based on engine type, sales in the electric/hybrid segment are forecast to increase at a CAGR of 14.0% between 2022 & 2032.
  • Germany is expected to dominate the Europe vehicle remote diagnostic market, accounting for 14.3% of the total market share.
  • The market in Spain is expected to progress at a CAGR of around 13.1% through 2032.
  • In the U.K., demand for t vehicle remote diagnostic market is expected to grow by 5.0X during the forecast period.
  • Vehicle remote diagnostic market in BENELUX is estimated to offer an absolute opportunity of US$ 224.1 Mn over the assessment period.

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Europe Vehicle Remote Diagnostic Market Outlook by Category

By Solution:

  • Vehicle Remote Diagnostic Software (ECU Diagnosis Software)
  • Remote Diagnostic Services
    • ECU Programming
    • ECU SW Download & Support
    • Component Coding & Fixing
    • Others

By Vehicle Type

  • Passenger & Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Engine Type:

  • Internal Combustion Engine
  • Electric/ Hybrid Engine

By Country:

  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX

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

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Communication Test and Measurement Market is Expanding at a High CAGR of 8.3% from 2022 to 2032

According to a recent study done by FMI, the communication test and measurement marketare expected to reach US$ 16.4 Billion by 2032, up from US$ 7.4 Billion in 2022, expanding at a high CAGR of 8.3%. Growing adoption of instrument management, maintenance, calibration, deployment of networks and repair technology is expected to boost the market growth over the analysis period.

Furthermore, increasing adoption of 5G connections which would require wireless test equipment, test performance, and network management solutions is also driving market growth. Additionally, the need for testing equipment and networks is critical in the lab and production environment, throughout the entire network lifecycle.

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To cater to the varying bandwidth demands of services, service providers need a complete testing solution to ensure that their network can meet performance and accessibility requirements while maintaining QoS for mission-critical voice, video, and data traffic. In the communication and networking sector, rapid changes in network circulation, from voice to integrated voice, video, and data, have created a need for solutions to test performance and capacity, which is expected to accelerate the growth of the communication test and measurement market during the forecast period.

Key Takeaways from the Market Study

  • Global communication test and measurement market to be valued at US$ 7.4 Billion by 2022-end
  • The U.S to account for the highest value share of US$ 5.9 Billion of global market demand for Communication Test and Measurement Market in 2032
  • From 2015 to 2021, communication test and measurement demand expanded at a CAGR of 9.2%
  • Wireless test solutions to flourish at a CAGR of 8.0% from 2022 to 2032

Competitive Landscape

Players in the global communication test and measurement 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 June 2020, Keysight announced the first oscilloscope with eight analog channels at 6 GHz and 16 simultaneous digital channels, enabling customers to reduce test bench and workflow complexity to achieve higher performance as well as accurate and repeatable multi-channel measurement in a single instrument.
  • In April 2020, NI announced a standalone 5G radio test user equipment. The latest release adds test and validation options for standalone 5G radio networks.
  • In March 2020, Anritsu Corporation introduced its SmartStudio NR (SSNR) environment for interactive GUI-based functional 5G device testing as control software of Radio Communication Test Station MT8000A.
  • In March 2020, VIAVI introduced Test Suite for O-RAN specifications. O-RAN is being adopted by operators and equipment manufacturers worldwide to reduce infrastructure procurement, deployment, and operational costs, as well as lower the barrier to entry for product innovation.

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Know More About What the Communication Test and Measurement Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Communication Test and Measurement Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered in the Communication Test and Measurement Industry Report

By Test Solutions:

  • Wireless Communication Test and Measurement Solutions
  • Wireline Communication Test and Measurement Solutions

By Service:

  • Communication Test and Measurement for Product Support Service
  • Communication Test and Measurement for Professional Service
  • Communication Test and Measurement for Managed Service

By Type of Test:

  • Enterprise Communication Test and Measurement
  • Field Network Communication Test and Measurement
  • Lab and Manufacturing Communication Test and Measurement
  • Network Assurance Communication Test and Measurement

By Organization Size:

  • Communication Test and Measurement for Small and Medium Enterprises
  • Communication Test and Measurement for Large Enterprises

By End User:

  • Communication Test and Measurement for Network Equipment Manufacturers
  • Communication Test and Measurement for Mobile Device Manufacturers
  • Communication Test and Measurement for Telecommunication Service Providers

By Region:

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

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

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Content Disarm and Reconstruction Market is Expected to Reach US$ 1.4 Billion by 2032 | FMI

According to a recent study done by FMI, the content disarm and reconstruction market is expected to reach US$ 1.4 Billion by 2032, up from US$ 241.0 Million in 2022, expanding at a high CAGR of 18.8%. This study explains that the key factors such as increasing cost of data breaches, growing stricter regulation and compliance with content security are expected to augment the growth of the market during the forecast period.

The major factors that are expected to accelerate the growth of the content disarm and reconstruction market during the forecast period include the increasing cost of data breaches, growing stricter regulation and compliance for content security, and increasing number of zero-day and file-based attacks.

Furthermore, the content disarm and reconstruction market is growing due to presence of global and emerging players in the market. The major factors that are driving the adoption of CDR solutions among the enterprises as well as SMEs across various verticals including government and defense, BFSI, IT and telecom, energy and utilities, manufacturing, healthcare, and others are due to significant adoption of cloud services and security infrastructure.

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Moreover, developing countries across APAC and MEA are expected to offer more opportunities for vendors in the market over the analysis period. Further, a rise in demand for integrating existing solutions with other gateways along with organizations’ need to deploy proactive content disarm and reconstruction solutions to prevent themselves from cyber-attacks are some of the opportunities for market growth.

Key Takeaways from the Market Study

  • Global content disarm and reconstruction market was valued at US$ 241.0 Mn by 2022-end
  • The US to account for the highest value share of US$ 478.3 Mn of global market demand for content disarm and reconstruction market in 2032
  • From 2015 to 2021, content disarm and reconstruction demand expanded at a CAGR of 20.6%
  • The solution category constitutes the bulk of content disarm and reconstruction market by component with a CAGR of 18.5%.

Competitive Landscape

Players in the global Content Disarm and Reconstruction 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 September 2021, Fortinet and Linksys announced a joint new solution to enable enterprise organizations to support and secure work-from-home networks.
  • In June 2021, Check Point launched Check Point CloudGuard Workload Protection, an automated cloud workload security solution which empowers security teams with tools to automate security across applications, Application Programming Interfaces (APIs), and microservices from development to runtime via a single interface.
  • In April 2020, OPSWAT launched MetaDefender for Secure Storage which offers enterprises an integrated, comprehensive approach for securing their data across multi-platform cloud storage providers.
  • In September 2019, Broadcom announced that Telecom Italia signed a strategic agreement as a Portfolio License Agreement customer. The agreement will see innovative Broadcom software and hardware combined, thereby accelerating IT solutions from software to silicon yielding cutting-edge offerings for TIM’s enterprise infrastructure.

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Future Market Insights offers an unbiased analysis of the global Content Disarm and Reconstruction Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Content Disarm and Reconstruction Market, the market is segmented on the basis of component, application area, deployment mode, organization size, and vertical across five major regions.

Key Segments Covered in the Content Disarm and Reconstruction Market Study

Content Disarm and Reconstruction by Component:

  • Content Disarm and Reconstruction Solutions
  • Content Disarm and Reconstruction Services
  • Consulting
  • Integration and Implementation
  • Training, Support and Maintenance

Content Disarm and Reconstruction by Application Area:

  • Email Content Disarm and Reconstruction
  • Web Content Disarm and Reconstruction
  • FTP Content Disarm and Reconstruction
  • Removable Devices Content Disarm and Reconstruction

Content Disarm and Reconstruction by Deployment Mode:

  • On-Premises Content Disarm and Reconstruction
  • Cloud Content Disarm and Reconstruction

Content Disarm and Reconstruction by Organization Size:

  • Content Disarm and Reconstruction for SMEs
  • Content Disarm and Reconstruction for Large Enterprises

Content Disarm and Reconstruction by Vertical:

  • Content Disarm and Reconstruction for Government and Defense
  • Content Disarm and Reconstruction for BFSI
  • Content Disarm and Reconstruction for IT and Telecom
  • Content Disarm and Reconstruction for Energy and Utilities
  • Content Disarm and Reconstruction for Manufacturing
  • Content Disarm and Reconstruction for Healthcare
  • Content Disarm and Reconstruction for Other Verticals

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

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