Market Research Blog – Page 9525 – New Product Development

Feminine Hygiene Products Market is likely to surpass US$ 54,189.6 Mn by 2031

Government initiatives undertaken to spread awareness about women health and menstrual hygiene, besides brand consolidation strategies by leading producers and the adoption of modern lifestyles by women will push feminine hygiene products sales in the coming years.

According to the recent Future Market Insights (FMI) report, the global feminine hygiene products market value is estimated to surpass US$ 27.6 Bn in 2021, with a CAGR of 7.0% during the forecast period (2021-2031).

Around 49% of the global population is female and nearly 65% of them are aged between 15 and 65 years, thereby indicating a significant opportunity for manufacturers of feminine hygiene products.

Government organizations are focusing on women’s health and hygiene with the help of launch of various awareness programs and funding activities. These programs include detailed education about menstruation, puberty, and the advantages and health benefits of using hygiene products.

They are also providing sanitation kits to girls studying in government schools and colleges in rural areas, particularly in developing economies around the globe. For instance, in 2017, the Department of Education in KwaZulu-Natal (KZN) of South Africa set aside Rs 50 million to fund the distribution of sanitary towels and napkins to various schools in the region.

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Additionally, rising female populations in countries such as India, Ghana, and Nigeria will create lucrative opportunities. Concerns regarding disposal, have resulted in the introduction of reusable menstrual cups. These cups are made from medical grade silicon or latex and cost between US$ 20 and US$ 50 per pack and can last for nearly five years. Such innovations will give tailwinds to growth registered in the market.

The impact of the ongoing COVID-19 pandemic on production of feminine products has been negligible despite short term disruptions of transportation and logistics.

Key Takeaways from Feminine Hygiene Products Market Study

Sanitary napkins are the largest and fastest growing segment accounting for nearly half of the market by 2031, with a CAGR of over 8%.
Supermarket are projected to account for over 22% of the global market by 2031. This is attributed to robust supply channels for consumer health products.
East Asia is the largest revenue-generating region for feminine hygiene products, with the China accounting for nearly 81% of the regional market in 2021.
Germany holds the lead in Europe, and is expected to accounting for over 18% of the market in 2031.
South Asia is the second most lucrative market after East Asia with India accounting for over 75% of the value share in 2031.

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Who is Winning?

Some of the leading manufacturers of the feminine hygiene products market are focusing on mergers and acquisitions for global expansion. Thus, enhancing their market presence.

The key market players covered by FMI include Procter and Gamble, Johnson and Johnson, the Kimberly-Clark Corporation, Svenska Cellulosa Aktiebolaget SCA, Sanofi S.A, Lil-lets UK Limited, Ontex, Unicharm Corporation, Diva International Inc., and Edgewell Personal Care.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Feminine Hygiene Products Market by Category

Product type:

Sanitary Napkins
Tampons
Menstrual Cup
Panty liners
Feminine Hygiene Wash

Distribution Channel:

Hypermarket
Supermarket
Convenience Stores
Department Stores
Retail Pharmacies
Online Purchase

About FMI:

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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Disposable Insulin-delivery Device Market to be valued at US$ 32.9 Bn During Forecast Period of 2022-32

The global disposable insulin-delivery device market is worth US$ 14.59 Bn as of now and expected to reach US$ 32.89 Bn by the year 2032 at a CAGR of 7.7% between 2022 and 2032.

As per the International Diabetes Federation (IDF), one-tenth of the total population affected by diabetes has Type 1. Moreover, out of these, 10% do not use insulin delivery devices. This factor is bound to offer lucrative opportunities for the growth of disposable insulin-delivery device market in the forecast period.

Out of syringes, pumps, pens, and jet injectors, pens hold the largest market share. They, in fact, account for more than 36% of the overall revenue. This could be reasoned with factors like higher rate of adoption and comprehendible design. On these grounds, NovoPen has been dominating the market. It has memory function as well.

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With disposable insulin-delivery devices, home care has turned out to be a dominant end-user. It holds more than 45% of the market share. This could be credited to the fact that home care saves on hospital fees. The portability on their part is there to add. Future Market Insights, with its team of analysts and consultants, walked through the nitty-gritties of disposable insulin-delivery device market along with insights in its latest market study entitled ‘Disposable Insulin-Delivery Device Market’. Both – micros and macros have been worked upon over here.

Key Takeaways from Disposable Insulin-Delivery Device Market

North America holds ~33% of the market share. This could be attributed to increasing incidences of diabetes, feasible government initiatives, and presence of various disposable insulin delivery device manufacturers. As per the CDC, there are more than 37 Mn people affected with diabetes all across the US.
Europe holds ~29% of the market share with increase in healthcare infrastructure in several parts of Europe. As of the year 2019, there are more than 32 Mn adults diagnosed with diabetes in the EU.
Coming to the Asia-Pacific, growing awareness about diabetes is one of the key factors driving the disposable insulin-delivery device market and the status quo is expected to remain the same even going forward.

Competitive Landscape

Abbott, in February 2022, did announce collaboration with Fitterfly, Healthifyme, Zyla Health, 1MG, GOQii, PharmEasy, Sugar.fit, and BeatO as a step toward holistic diabetes management care. Abbott, with the help of the collaborations, offers glucose monitoring solutions to almost 8 Mn diabetic patients, 6.5 Mn users out of which could access through 1MG and PharmEasy.
Insulet Corp., in January 2022, announced that the US FDA approved the new-fangled Omnipod 5 system, thereby marking its entry into the universe of AID (automated insulin delivery).
Novo Nordisk, in March 2022, announced launching of two smart connected insulin pens called ‘NovoPen Echo Plus’ and ‘NovoPen 6’, which are being made available for patients getting treated with Novo Nordisk insulin in the UK, but on prescription.
Sanofi, in November 2021, entered into partnership with Roche for increasing adoption of the disposable insulin pens. Local players are also being approached for improving the market reach.

“A large chunk of population is contracting diabetes, which asks for disposable insulin-delivery devices”, thereby accelerating the market for the same”, says an analyst from Future Market Insights.

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What does the Report have at its discretion?

Future Market Insights offers an exclusive perspective and various real-time insights on the disposable insulin-delivery device market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on product type (disposable insulin-delivery pumps, disposable insulin-delivery patches, disposable insulin-delivery pens, and disposable insulin-delivery syringes), by disease indication (type I diabetes and type II diabetes), and by distribution channel (hospital pharmacies, retail pharmacies, online sales, and diabetes clinics).
With increase in the number of diabetic patients in wake of obesity, aging, and sedentary lifestyles, the global disposable insulin-delivery device market is all set to create ripples in the healthcare vertical in the years to come.

Key Segments Profiled in the Disposable Insulin-Delivery Device Market

Disposable Insulin-Delivery Device Market by Product Type:

Pumps
Patches
Pens
Syringes

Device Market by Disease Indication:

Devices for Type I Diabetes
Devices for Type II Diabetes

Device Market by Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Sales
Diabetes Clinics

Device Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

To be continued…!

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Biomaterials Market is projected to reach US$ 654.4 Billion by 2032 | FMI

[306 Pages Report] The global biomaterials market is expected to reach a market valuation of US$ 156.2 Billion by the year 2022, accelerating with a moderate CAGR of 15.4% by 2022-2032. Biomaterials market size is anticipated to be valued at about US$ 654.4 Billion by 2032 end.

Attributes	Value
Biomaterials Market Size (2022)	US$ 156.2 Bn
Biomaterials Market Projected Size (2032)	US$ 654.4 Bn
Biomaterials Market Value CAGR (2022-2032)	15.4%

The demand for implantable devices is expected to rise as the incidence of cardiovascular disorders, orthopedic replacements, arthritis, and sports injuries increase. Chronic health issues are also brought on by poor habits, inactivity, and an ageing population. This is changing the biomaterials market outlook.

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As per the biomaterials market analysis, over the past few years, biomaterials have become more in demand and used in a variety of medical applications. Numerous government agencies and academic institutions have offered their assistance by way of investments, finances, and grants to advance study into the creation of innovative biomaterials.

The biomaterials market study indicates that the devices made of biomaterials must go through a rigorous clinical and regulatory process to assure their effectiveness and quality. Because of this, the biomaterials market participants are reluctant to invest in this market. These are the elements that are anticipated to limit the biomaterials market expansion over the prediction period.

The demand for biomaterial-based implants is anticipated to increase due to the increased prevalence of musculoskeletal and chronic skeletal medical disorders, which will fuel biomaterials market expansion. The growing elderly population, who are at a higher risk of osteoarthritis, osteoporosis, and other musculoskeletal problems, is another factor driving up demand for orthopedic implants.

During the anticipated period, the biomaterials market in emerging nations is anticipated to expand significantly. This is mostly due to the growing patient population, rising implanted device usage, more CVD awareness, rising disposable income, improved healthcare infrastructure, and the existence of less strict regulatory rules (in comparison to developed countries) in these countries.

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Key Takeaways from Market Study

Due to the broad range of product applications, the polymer product category led the biomaterials market in terms of revenue in 2021 with a share of 28.2 percent and is predicted to maintain its dominance throughout the forecast period.
With a revenue share of 23.0 percent in 2021, the orthopaedic application segment dominated the biomaterials market in terms of revenue.
Due to the rise in aesthetic surgeries and the use of biomaterials during these operations, the plastic surgery application segment is anticipated to expand significantly over the next several years increasing the sales of
Because of several public and private organisations’ initiatives, North America dominated the biomaterials market and had the highest revenue share of 38.2 percent in 2021.
During the anticipated period, Europe is anticipated to hold the second-largest biomaterials market share. Market expansion in the region is largely due to key companies launching more cutting-edge items on the market.

Competitive Landscape

The main methods used by the prominent companies to maintain their biomaterials market dominance are the expansion of product portfolios through various new product developments and inorganic growth through acquisition, mergers, and partnerships. Additionally, a focus on strategically growing their global footprint through a network of global distribution channels is expected to provide them a strong foothold in the biomaterials industry.

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Recent Developments in Global Polycarbonate Market

In order to meet the unique requirements and demand for care in ambulatory surgery centres (ASCs) and office-based laboratories, Medtronic and GE Healthcare established a partnership in April 2022. (OBLs). As a result of this new agreement, customers will have access to a wide range of products, financial solutions, and excellent support.

A biomanufacturing platform is being developed by US-based startup Transfoam. The startup’s bioprocess turns plastic waste into totally biodegradable polyhydroxybutyrate using engineered microorganisms (PHB). After disposal, PHB only leaves a small amount of carbon dioxide and water behind. It also has characteristics with conventional single-use plastics. As a result, producers are better equipped to replace single-use plastics and lessen environmental damage, which helps with the shift to a circular economy.

Key Players :

Medtronic plc
Evonik Industries AG
Carpenter Technology Corporation
Berkeley Advanced Biomaterials
Invibio Ltd.
Zimmer Biomet Holdings, Inc.
BASF SE
Covalon Technologies Ltd.
Stryker
Johnson & Johnson
Dentsply Sirona
CoorsTek Inc.
Corbion

Biomaterials Market by Segmentation

By Product:

Metallic
Natural
Ceramics
Polymers

By Application:

Cardiovascular
- Sensors
- Stents
- Guidewires
- Implantable Cardiac Defibrillators
- Pacemakers
- Vascular Grafts
- Others
Ophthalmology
- Synthetic Corneas
- Intraocular Lens
- Contact Lens
- Ocular Tissue Replacement
- Others
Dental
- Tissue Regeneration Materials
- Dental Implants
- Bone Grafts & Substitutes
- Dental Membranes
- Others
Orthopedic
- Joint Replacement Biomaterials
- Orthobiologics
- Bioresorbable Tissue Fixation Products
- Viscosupplementation
- Spine Biomaterials
- Others
Wound Healing
- Fracture Healing Device
- Adhesion Barrier
- Skin Substitutes
- Internal Tissue Sealant
- Surgical Hemostats
- Others

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Customer Advocacy Software Market is anticipated to secure US$ 1.4 Billion in 2032

The global customer advocacy software market is estimated to garner US$ 1.4 Billion while exhibiting a 7.1% CAGR during the forecast period. Mainly due to the availability of smart technologies amongst the masses the global customer advocacy software market has grown by leaps and bounds in recent years. As enterprises strive to attain a competitive edge, customer advocacy is a necessity. As many large enterprises are considering the extraction capabilities for getting valuable insights from big data, which is opportunistic for the market and will help in boosting the growth of the market.

Also, the small and medium scale businesses are shifting their business to a digital platform, small-scale businesses are using customer advocacy software solutions for a number of uses and it is helping them to become more productive, smarter, and efficient and also to form a loyal customer base. With increasing cloud-based solutions, the customer advocacy software industry is expected to secure US$ 718 Million in 2022.

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Rising penetration of big data technologies, cloud computing and other advanced technologies have prompted customer advocacy software providers to transform services to a whole new level. Also increasing use of cloud-based technology such as artificial intelligence and big data and in many applications impelled the growth of the market. The enterprise propaganda segment is likely to offer remunerative opportunities for the global customer advocacy software market.

Key Takeaways from the Market Study

By type, cloud-based segment is expected to record an 6.9% CAGR by 2032
By application, enterprise propaganda segment to expand at a 6.8% growth rate during the forecast period
The U.S market to garner US$ 510 Million and record a 7.0% CAGR from 2022-2032
Market in China to procure US$ 104.5 Million, expanding at a 6.5% growth rate during the assessment period

Competitive Landscape

Key players of the global customer advocacy software market include One Click Politics, The Soft Edge, CQ-Roll Call, Capitol Impact, Capitol Canary among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are:

In March 2021– Blackbaud the world’s leading cloud software company powering social good, introduced Blackbaud CRM which provides enterprise institutions with a strong foundation to support broader technology initiatives across campus, enabling them to drive fundraising and engagement success.
In February 2022– Capitol Canary, leading government affairs technology platform, after acquisitions of KnowWho and GovPredict, which paved the way for the company to provide a comprehensive government affairs solution that combines detailed legislative and regulatory intelligence, proven advocacy tools and the most accurate policymaker contact data.

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More Valuable Insights

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

Key Segments Covered in the Customer Advocacy Software Market Report

Customer Advocacy Software by Type:

On-premises Customer Advocacy Software
Cloud-based Customer Advocacy Software

Customer Advocacy Software by Application:

Customer Advocacy Software for Enterprise Propaganda
Customer Advocacy Software for Government Election
Customer Advocacy Software for Organize Fund-raising

Customer Advocacy Software by Region:

North America Customer Advocacy Software Market
Europe Customer Advocacy Software Market
Asia Pacific Customer Advocacy Software Market
Middle East & Africa Customer Advocacy Software Market
Latin America Customer Advocacy Software Market

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Interventional Cardiology Devices Market is likely to reach US$ 36.9 Billion by 2032

Global demand for interventional cardiology devices is anticipated to record a CAGR of 8.4% during the forecast period (2022-2032). The interventional cardiology devices market is expected to be valued at US$ 16.4 Billion in 2022 and is likely to reach US$ 36.9 Billion by 2032.

The trajectory of interventional cardiology device adoption trends is on the rise owing to the numerous advantages associated with minimally invasive surgeries, such as reduced surgical pain, injury, and faster recovery time when compared to conventional surgeries, thereby proving to be a viable alternative to open surgery.

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The market is supported by:

Increased awareness of numerous advantages associated with minimally invasive surgeries
Increasing technological advancements
Ongoing diversification in product portfolios
Surge in diabetes prevalence due to an increase in the geriatric population
Favorable government initiatives for product development
Outstanding customer and employee experience
Revenue, profit growth and business model innovation

Demand for interventional cardiology devices is expected to positively drive the market over the forecast period owing to the focus of extensive R&D by manufacturers to support the healthcare sector with the prominent offerings.

People with diabetes are more likely to have other conditions that raise the risk of coronary heart disease. Risk factors, such as diabetes and hypertension, also fuel the demand for interventional cardiology devices.

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North America Takes the Demand for Interventional Cardiology Devices to New Highs

According to the American Heart Association, by 2035, around 45% of the United States population is likely to suffer from heart disease due to factors like high obesity, high smoking, and unhealthy lifestyles, which may lead to heart attacks and other related issues.

Furthermore, in the US alone, 1.5 million Americans are diagnosed with diabetes each year. Growth in diabetes prevalence can largely be attributed to the growth in the geriatric population; it is estimated that 25% of all geriatric individuals (aged 60 years and above) suffer from diabetes in the US (Source: ADA)

The presence of sophisticated healthcare infrastructure, favorable government product development initiatives, and high patient awareness levels are some of the key drivers for the interventional cardiology devices market growth in the region. Moreover, strategic initiatives by key players have also fueled market growth.

For instance, in June 2021, Abbott received the United States Food and Drug Administration’s approval for its XIENCE family of stents for its one-month dual-antiplatelet therapy (DAPT) labeled for high bleeding risk (HBR) patients in the United States.

Similarly, in March 2021, the United States Food and Drug Administration approved the first in the world non-surgical heart valve to treat pediatric and adult patients with a native or surgically repaired right ventricular outflow tract (RVOT), the part of the heart that carries blood out of the right ventricle to the lungs.

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Non-ionizing Radiation EMF Detection, Measurement, and Safety Market is CAGR of 3.6% during the period 2022-2032

The global IT robotic automation market is estimated to reach US$ 5.3 Billion by 2022. The market is expected to reach US$ 22.8 Billion by 2032 while recording a CAGR of 15.7% during the forecast period from 2022 to 2032.

From 2016 to 2021, the market flourished at a value CAGR worth 39.7%, closing at a valuation of US$ 4.1 Billion. Automation of robotic processes allows companies to be more flexible in their operations.

By increasing productivity and increasing efficiency in businesses, this advanced technology is revolutionizing enterprise operations. Over time, software robots will be available to all organizations as open-source RPA tools mature.

The technology to build software robots will soon be available for free on GitHub, so it will be hard for individual robots to justify license costs.

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Competitive Landscape

Key players that have been profiled in the report are Blue Prism, Appian, Amelia, Tata Consultancy Services Limited, Infosys Limited, Cognizant Technology Solutions Corp, Atos SE, Capgemini, Genpact Ltd., Automation Anywhere, Inc., Sutherland Global Services, Inc., & Uipath SRL

In September of 2021, Vista Equity Partners, a private equity firm that owns the analytics vendor Tibco, planned to acquire Blue Prism, a robotic process automation company, for $1.5 billion and, once the offer had been approved by the company’s shareholders, they would merge both companies.

Dynamic Automation and Robotics, headquartered in Simi Valley, CA, was acquired by ATC Automation in September 2021. In the custom automation and robotics market, Dynamic has a history of meeting customer needs. In addition to enhancing ATC Automation’s geographic and technological footprint, Dynamic will immediately compliment them.

More Valuable Insights Available

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

The study reveals essential insights By Applications (Tools,(Model-based application tools, Process-based application tools)Services(Professional(Consulting (Application Management, Infrastructure Management), (Integration and Devices(Application Management, Infrastructure Management)))(BPO)), across five major regions (North America, Europe, Asia Pacific, Middle East and Africa and South America)

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Key Segments Covered in the IT Robotic Automation Industry Report

IT Robotic Automation by Application:

IT Robotic Automation Tools
- Model-based Application Tools
- Process-based Application Tools
IT Robotic Automation Services
- Professional IT Robotic Automation Services
  - Consulting
    - Application Management
    - Infrastructure Management
  - Integration and Development
    - Application Management
    - Infrastructure Management
  - BPO
- IT Robotic Automation Training

IT Robotic Automation by Region:

North America IT Robotic Automation Market
Europe IT Robotic Automation Market
Asia Pacific IT Robotic Automation Market
Middle East and Africa IT Robotic Automation Market
South America IT Robotic Automation Market

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IT Robotic Automation Market is projected to grow at a compound annual growth rate of 15.7%, reaching US$ 22.8 Billion by 2032

The technology to build software robots will soon be available for free on GitHub, so it will be hard for individual robots to justify license costs.

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Competitive Landscape

In September of 2021, Vista Equity Partners, a private equity firm that owns the analytics vendor Tibco, planned to acquire Blue Prism, a robotic process automation company, for $1.5 billion and, once the offer had been approved by the company’s shareholders, they would merge both companies.

Dynamic Automation and Robotics, headquartered in Simi Valley, CA, was acquired by ATC Automation in September 2021. In the custom automation and robotics market, Dynamic has a history of meeting customer needs. In addition to enhancing ATC Automation’s geographic and technological footprint, Dynamic will immediately compliment them.

More Valuable Insights Available

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https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-3440

Key Segments Covered in the IT Robotic Automation Industry Report

IT Robotic Automation by Application:

IT Robotic Automation Tools
- Model-based Application Tools
- Process-based Application Tools
IT Robotic Automation Services
- Professional IT Robotic Automation Services
  - Consulting
    - Application Management
    - Infrastructure Management
  - Integration and Development
    - Application Management
    - Infrastructure Management
  - BPO
- IT Robotic Automation Training

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North America IT Robotic Automation Market
Europe IT Robotic Automation Market
Asia Pacific IT Robotic Automation Market
Middle East and Africa IT Robotic Automation Market
South America IT Robotic Automation Market

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Out of Band Authentication Market is anticipated to secure US$ 4.3 Billion in 2032

The global out of band authentication market is estimated to garner US$ 4.3 Billion while exhibiting a 13.2% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1.2 Billion in 2022.

The rising need for frictionless out of band authentication solutions among organizations and stringent data protection regulations for information security is the main driver of the market. Also, the growing instances of authentication relate frauds and data breaches increase the growth of the band authentication market.

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The increasing use of cloud-based technology such as artificial intelligence, big data and blockchain in many enterprises impelled the growth of the market. Also, the increasing adoption of digital payment modes increases the demand of the market in forecasting years which is often used in financial institutions and other organizations with high-security requirements. The services segment is likely to offer remunerative opportunities for the global out of band authentication market.

Key Takeaways from the Market Study

By component, the solutions segment is expected to record an 12.4% CAGR by 2032
By organization size, the SMEs segment to expand at a 12.4% growth rate during the forecast period
The U.S market to garner US$ 1.5Billion and record a 13.1% CAGR from 2022-2032
Market in China to procure US$ 300.1 Million, expanding at a 12.5% growth rate during the assessment period

Competitive Landscape

Key players of the global out of band authentication market include Gemalto, CA Technologies, Symantec, Ping Identity, RSA Security among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are:

In June 2022 – Thales Technologies has signed a contract with Samsung through which it will provide next-generation single-chip solutions embedded in Samsung’s latest flagship smartphone. Its secure solution enables connectivity and contactless services in Samsung’s Galaxy S20 series. The single-chip combines an embedded secure element (eSE) and an embedded SIM (eSIM) that enables high-performance contactless services and a fully digitalized mobile connectivity experience for highly compact smartphones, smartwatches, and tablets.
In May 2022 – OneSpan, one of the global leaders in securing remote banking transactions, announced that leading Turkish bank, DenizBank, is using OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartõm.

More Valuable Insights

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

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Key Segments Covered in the Out of Band Authentication Market Report

Out of Band Authentication by Component:

Out of Band Authentication Solutions
- Hardware Solutions
- Software Solutions
Out of Band Authentication in Services
- Professional Services
- Managed Services

Out of Band Authentication by Authentication Channel:

Out of Band Authentication via SMS
Out of Band Authentication via Email
Out of Band Authentication via Push Notification
Out of Band Authentication via Voice
Token-based Out of Band Authentication
Other Out of Band Authentication Channels

Out of Band Authentication by Deployment type:

Cloud based Out of Band Authentication
On-Premises based Out of Band Authentication

Out of Band Authentication by Organisation Size:

Out of band authentication for SMEs
Out of band authentication for Large Enterprises

Out of Band Authentication by Vertical:

Out of band authentication in Banking
Out of band authentication in financial services and Insurance
Out of band authentication in Government and Defence
Out of band authentication in Retail
Out of band authentication in Healthcare
Out of band authentication in IT and Telecom
Out of band authentication in Energy and Utilities
Out of band authentication in Other Verticals (Manufacturing, Travel and Hospitality, Education, and Media & Entertainment)

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M2M Services Market is growth rate of 25.2% reaching US$ 376.3 Billion by 2032

The global M2M services market is projected to reach US$ 376.3 Billion by 2032. The market is expected to reach a CAGR of 25.2% during the forecast period from 2022 to 2032. The absolute dollar market value for M2M services was ranked at US$ 336.5 Billion in 2016-2021 during the forecast period.

In recent years, there has been an unprecedented growth in embedded devices. These devices traditionally worked independently as well as locally and provided services to humans in their environment. The advancements in radio technologies have enabled mobile devices to be easily connected to target devices using the Internet. Applied to devices such as sensors, RFID tags, actuators, vehicles, machines, and industrial embedded devices, these trends can now be seen in the number of case studies that use physical equipment services.

The managed M2M services provide a wireless interface between machines and devices, thus allowing them to be transformed into smart assets, creating new opportunities for growth while enhancing customer service. By using these services, businesses can optimize the efficiency and productivity of the business activities associated with connected machines, stimulating innovation, enabling faster decision-making, and reducing the need for time, effort, and cost.

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Key Takeaways from the Market Study

Market growth is expected to reach a CAGR of 25.2% in the forecast period, valuing the global M2M services market at US$ 39.7 Billion.
In India, the market is predicted to reach US$ 18.9 Billion while growing at a CAGR of 28% during the forecast period.
China’s market will grow at a 26.8% CAGR during the forecast period.
U.S. recorded a CAGR of 24.7% CAGR during the forecast period.
Connectivity and Data Storage Services is expected to reach a CAGR of 25.5% during the forecast period between 2022 and 2032.

“Growing demand for wireless technologies and the increasing adoption of 5G networks along with high-speed internet demand in automotive to further bolster growth in the upcoming years,” comments an analyst at FMI.

M2M Services Competitive Landscape

Key Players that have been profiled in the report are AT&T, Germalto NV, PTC, Oracle, Ericsson AB, VERIZON COMMUNICATIONS INC, Deutsche Telekom AG, Vodafone + Telefonica, and Aeris Innovative products and technologies will allow customers to benefit from new technologies.

In October 2021, Wavecom S.A. signed a definitive agreement to acquire Anyware Technologies, a leading provider of client-server software solutions for machine-to-machine (M2M) applications located in Toulouse, France. Having been a Wavecom technology partner for several years, Anyware Technologies is pleased to join forces with Wavecom technologies in further enhancing the deployment of our complete turn-key solutions that enable the customers to create wireless products that seamlessly integrate with their IT infrastructure.

SONDA acquired M2M solutions in September 2021 as part of its strategic plan for the 2019-2021 period, which focuses on strengthening four key industries at a regional level: transportation, retail, financial services, and government. With their proven track record of successful transport solutions, Sonda has assisted in improving the quality of life of Latin Americans by transforming the way they move daily. Throughout the years, SONDA has built a solid base of expertise that M2M solutions can strengthen over years.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global M2M services market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights By Organization Size (Large Enterprises, SME’s), By Service Type (Managed Services, Professional Services, Connectivity, and Data Storage Services) By Industry Vertical (Retail, Manufacturing, Healthcare, Automotive, Consumer Electronics, Energy, and Mining, Transportation and Logistics, Oil and Gas, Others (Education, Hospitality)) & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America

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Micro Mobile Data Center Market is expected to have a steady CAGR of 15.2% during the period of 2022-2032

The global micro mobile data center market is expected to reach a valuation of US$ 16.8 Bn by 2032 from US$ 4.1 Bn in 2022, rising rapidly at a CAGR of 15.2% during the forecast period. The demand for micro mobile data centre is rising as it is a self-contained infrastructure solution that combines the storage, processing, and networking elements needed to operate indoor and outdoor applications in a secure computing environment.

Furthermore, the sales of micro mobile data centre are anticipated to increase as they are available in standardized prefabricated sizes and allow data centre owners to save both money and time when compared to the traditional way of erecting data centres.  Micro mobile data centres are appropriate for applications such as instant data centres, remote office and branch offices, and edge computing due to their compactness and flexibility. Due to this factor, the demand for micro mobile data centre is growing rapidly.

The sales of micro mobile data centre are being driven by increasing demand for high-performing, energy-efficient, and cost-effective data centre solutions. The demand for micro mobile data centre is anticipated to witness growth as they provide an enterprise-class compact facility with features such as board cooling, continuous UPS, storage systems, and more. Furthermore, the sales of micro mobile data centre are rising as these data centres can be put outside, inside, and in difficult terrain.

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The micro mobile data centre market’s self-propelled capability aids in a smooth movement. Simply put, the micro mobile data centre market share is projected to grow as it helps to reduce the physical footprint and energy consumption of existing brick and mortar structures.

The demand for traditional data centres has decreased, and the sales of micro mobile data centre increased as the technology environment has progressed and enterprises have become more centralized. As a result, there is a growing demand for micro mobile data centre as they are more compact and efficient to be put across offices.

Furthermore, the sales of micro mobile data centre with plug-and-play capabilities are anticipated to grow as they provide fully integrated and pre-tested solutions. These data centres can quickly scale up to meet an organization’s growing needs. As a result, the micro mobile data centre market is anticipated to witness multiple growth opportunities during the forecast period.

Key Takeaways

On the basis of rack size, above 40 RU segment is projected to hold the largest micro mobile data centre market share and rise at a CAGR of 14.1%.
During the forecast period, large enterprises are projected to dominate the micro mobile data centre market with a CAGR of 13.4%.
In terms of market share, the U.S. is anticipated to dominate the micro mobile data centre market with a CAGR of 14.5%.
Asia-Pacific micro mobile data centre market is experiencing a boom in data generated by digital products and services due to population increase and the advent of e-commerce. The expansion of the micro mobile data centre industry in Asia has been fueled by the growth of cloud computing.

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Competitive Landscape

The market’s major players are investing in R&D in order to incorporate the latest technology into their products and launch unique solutions. The key players in the micro mobile data centre market are Schneider Electric, Dell Technologies, Vertiv, Eaton, and IBM.

Recent Developments

Schneider Electric launched a cooling solution for edge and micro data centres in March 2020. This novel method promises to improve cooling efficiency and, as a result, save operating expenses. Rittal announced a partnership with ABB and HPE in August 2019 to provide turnkey robust micro-modular datacenters purpose-built for harsh environments, allowing clients to turn data into action in real-time.

Vertiv Environet Alert, a new software service that offers enterprise-level infrastructure monitoring and management capabilities to mini mobile data centres and edge facilities, was released in August 2020.

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