Market Research Blog – Page 9551 – New Product Development

Commercial Satellite Imaging Market is likely to propel to US$ 12.4 Billion by 2032

The market for commercial satellite imaging generated US$ 5.2 billion in 2021 and is anticipated to grow by 11.5% year over year to reach US$ 5.8 billion in 2022. The industry is anticipated to increase to US$ 12.4 billion by 2032 as a result of the increasing assistance from various governmental organisations. During the forecast period, a 7.9% CAGR is expected in the trade.

“Increased national security concerns are likely to motivate various nations to improve their satellite imaging systems, which will help the market throughout the projected period.”

The increasing significance of satellite imaging has encouraged the government of various countries to make investments in the sector, which is likely to benefit the market. For instance, the Australian government invested USD 260 Mn for the development of satellite technology and the creation of job opportunities.

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Similarly, BlackSky, an eminent geospatial intelligence player announced that it secured US$ 50 Million loan from the Intelsat satellite powerhouse, to drive its nascent earth observation.

The military and defense segment is likely to offer remunerative opportunities for the global commercial satellite imaging market. Several emerging economies are making significant developments in their defense and military budgets, thereby, providing lucrative opportunities to players in the market. For instance, as per SIPRI, in 2019, the military expenditure of the U.S was US$ 717 Billion.

Commercial Satellite Imaging Market Key Takeaways:

By end-use, the government segment is expected to record an 8.1% CAGR by 2032
By application, the defense and intelligence segment to expand at a 7.9% growth rate during the forecast period
The U.S market to garner US$ 3 Billion and record a 7.2% CAGR from 2022-2032
Market in China to procure US$ 1.2 Billion, expanding at a 9.2% growth rate during the assessment period

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Commercial Satellite Imaging Market Competitive Landscape

Key players in the global commercial satellite imaging market include Planet Labs, Inc., DigitalGlobe, Inc., Exelis, Inc., Trimble Navigation Limited, and Telespazio, among others.

Recent developments among key players are:

In July 2019, DigitalGlobe launched OpenStreetMap imagery endpoints. It will allow the users of OpenStreetMap to observe uniformity in content between the previous and new layers. The imagery is expected to be more often updated by using the latest Maxar mosaic content. The augmented production processes are projected to benefit OSM contributors.

In February 2020, the Air Force Life Cycle Management Centre announced a strategic partnership with L3Harris Technologies to develop a software platform. The software is expected to make it convenient for analysts to use AI to locate objects in large data sets, thereby, addressing urgent defense requirements for automation to observe and analyze large geospatial data sets.

Key Segments Covered In The Commercial Satellite Imaging Industry Survey

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Commercial Satellite Imaging by End Use:

Commercial Satellite Imaging for Governments
Commercial Satellite Imaging for Commercial Enterprises
Commercial Satellite Imaging for Civil Engineering
Commercial Satellite Imaging for Military
Commercial Satellite Imaging for Forests
Commercial Satellite Imaging for Insurance

Commercial Satellite Imaging by Application:

Commercial Satellite Imaging in Energy Generation
Commercial Satellite Imaging in Geospatial Technology
Commercial Satellite Imaging in Natural Resources Management
Commercial Satellite Imaging in Construction and Development
Commercial Satellite Imaging in Media and Entertainment

Commercial Satellite Imaging by Geography:

North America Commercial Satellite Imaging Market
Europe Commercial Satellite Imaging Market
Asia-Pacific Commercial Satellite Imaging Market
Middle East & Africa Commercial Satellite Imaging Market
Latin America Commercial Satellite Imaging Market

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Powder Dispenser Market is projected to reach a valuation of US$ 413.0 Million in 2022

During the forecast period, the powder dispenser market is expected to grow at a promising 5.8% CAGR. The market is presently worth at US$ 413 million and is expected to reach US$ 686 million by 2032. The function of a power dispenser machine is simple: it dispenses a limited amount of powder when clicked.

It is widely used in a variety of sectors because it saves time and divides powder evenly and precisely. Its attractive appearance and durability make it the first choice of end consumers.

Powder dispenser machine sales are boosted by their hygienic approach, particularly during Covid-19. The corona virus epidemic has increased demand for power dispensers by acting as a moisture and gas barrier.

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How’s the Competitive Landscape in Powder Dispenser Market?

The key players of the Powder dispenser market are focusing on durability, advanced technology and quick dispensing. The competitors focus on better functioning, efficiency that drives the demand for Powder dispenser business. This drives the sales of Powder dispenser.

Key players in powder dispenser market include

IDM Ltd,
Capsugel,
COROB,
FTA Inc,
3P Innovation,
Corporation GmbH,
Gironex,
Ferry Industries,
Autodose and
BioDot Inc

Recent Market Development:

COROB a North America based manufacturer of dispensers, mixers, and shakers followed partnership with European company Fine Paints of Europe (FPE), increasing the sales of power dispenser. The FPE is a manufacturer of premium Dutch coating.
Gironex Ltd. developed novel precision powder dispensing technology for increasing efficiency of pharmaceutical industries. This technology helps to quickly dispense from 0.1 mg to 5gm of pharmaceutical or other chemical powders into vials or capsules, enhancing the demand for power dispenser.

Powder dispenser is a machine used for dispensing an accurately measured quantity of powder on every click for various purposes. The powder dispenser market is a fast-growing market because it improves the efficiency of powder filling process by saving precious time. The powder dispensing market is increasing day by day because it gives a hygienic approach for delivering powder. It provides a barrier for moisture and gases, which further help to maintain freshness of the powder. Powder dispenser is convenient to use and refilling powder.

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The benefits mentioned above help to grow the powder dispenser- market worldwide. The market for powder dispenser is highly competitive. Many new manufacturers are entering into this market. Hence manufacturers are developing new technologies using artificial intelligence for improving its effectiveness. As the powder dispenser unit is multi-usable, manufacturers are also focusing on increasing its durability and aesthetic look. It is expected that the global market will increase exponentially during the forecast period.

Powder Dispenser Market: Dynamics

The driving force for increasing demand for powder dispensers in the global market is to deliver the calibrated amount of powder. However, the fueling factor for increasing traction of powder dispensers in the market is avoiding wastage during filling of the product. Extending to this, increasing implementation of high-end technologies and automation in industries drives the global market of powder dispensers. Also, to reduce processing time, powder dispensers are widely adopted in many industries.

What are the Key Drivers and Restraints to the Powder Dispenser Market?

The driving force for increasing demand for powder dispensers in the global market is to deliver the calibrated amount of powder. However, the fueling factor for increasing sales of powder dispensers in the market is avoiding wastage during the filling of the product.

Extending to this, increasing implementation of high-end technologies and automation in industries drives the global sales of powder dispensers. Also, to reduce processing time, powder dispensers are widely adopted in many industries.

The global market of powder dispensers is growing exponentially on the backdrop of parent markets such as food & beverages and pharmaceuticals.

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Market Benefits

The study provides an in-depth analysis of the global Powder Dispenser Market along with the current trends and future estimations to elucidate the imminent investment pockets.
The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
An extensive analysis of the market based on application assists in understanding the trends in the industry.
The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Global Fibre Film market to expand at a 4.1% value CAGR by 2032

The global fibre film market is expected to be worth US$ 544.3 million in 2022. During the projection period of 2022-2032, worldwide fibre film sales are expected to grow at a CAGR of 4.1%, reaching US$ 813.5 million. Fibre film is utilised in many industries, including food and beverage, construction, chemicals and fertilisers, pharmaceuticals, and others. Food and beverage, construction, chemicals and fertilisers, medicines, and other industries use fibre film. Fibre films are predicted to gain popularity over the forecast period due to their ease of usage.

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Market Competition

Some of the major participants in the fibre films sector are

Megaplast,
Reddipak,
Wisepower,
Nanocyl,
Cnano,
Canatu,
NanoIntegris,
Sequana,
TOYOBO, and
Biax-Fibrefilm.

The fibre film market is expected to grow rapidly in the next years as a result of the various opportunities presented by the production of novel packaging items for consumers and businesses.

Megaplast is a prominent face in the fibre film industry, offering the ECO Fiber Film Series and Regular Fiber Film Series. The product helps minimize cost per pallet to the tune of 40%, while reducing film used for wrapping by 60%. Furthermore, it is 100% recyclable, comprising of high elasticity
On similar lines, Reddipak offers the Fiber Film Alpha series, specifically designed for semi-automatic wrapping machines embedded with a brake tension system. It comes in three different categories: Fiber Film Alpha HD (High Demanding); Fiber Film Alpha GP (General Purpose) and Fiber Film Alpha L (Light applications).
In September 2022, Toyobo announced it has developed a new biaxially oriented polypropylene film called ECOSYARTM VP001.

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Global fibre film market: Dynamics

Use of stretch films has increased in the past couple of years. With that, cost of stretch films has also increased dramatically. Hence, it gives push to the development of film which reduces cost and provides better load stability. The global fibre film market is expected to grow over the forecast period as it reduces the amount of film used to wrap pallets.

A factor which might drive the global fibre film market is that it can be used manually as well as automatically. In addition, when it is used with machines, fibre film can be stretched up to 300% and provides excellent puncture resistance. Fibre film market is also growing on the backdrop of manufacturers’ cost saving tactics in manufacturing units. Packaging convertors use different technologies to enhance the productivity coupled with less film consumption.

This property has led to growth of the global fibre film market over the forecast period. Fibre film is effectively used in food industry, beverage industry, pharmaceutical industry and many other industries where suitable pallet load stabilization is needed in less amount of film usage. One of the key drivers which might boost the global fibre film market is online retailing.

Manufacturers operating in the global fibre film market are expected to rely on competitive pricing in order to gain competitive edge, which in turn is expected to increase competition among key players, and fuel growth of the global fibre film market.

Which are Some Prominent Drivers Spearheading Fibre Film Market Growth?

Convenience of Use to Boost Market Sales

Fibre films have become more popular in recent years. As a result, the cost of fibre films has skyrocketed. As a result, it encourages the creation of film that decreases costs and improves load stability. The worldwide fibre film market is likely to expand over the forecast period as the amount of film needed to wrap pallets decreases.

One element that may boost the global fibre film market is its ability to be utilized both manually and automatically. Furthermore, when utilized with machines, fibre film may be stretched up to 300% and has high puncture resistance. The fibre film market is also expanding as a result of manufacturers’ cost-cutting strategies in production units. Packaging converters employ several methods to increase productivity while consuming less film.

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Key Segments Profiled in the Global fibre film Industry Survey

Fibre Film Market by Wrapping Technology:

Automatic Wrapping Fibre Films
Handheld Fibre Films

Fibre Film Market by Thickness:

Fibre Films below 10 Microns
Fibre Films between 10-50 Microns
Fibre Films 50 Microns & Above

Fibre Film Market by End Use Industry:

Fibre Films for Food & Beverages
Fibre Films for Pharmaceuticals
Fibre Films for Chemical & Fertilizers
Fibre Films for Home & Personal Care
Fibre Films for Other End Use Industries

Fibre Film Market by Region:

North America Fibre Film Market
Europe Fibre Film Market
Asia-Pacific Except Japan Fibre Film Market
Latin America Fibre Film Market
Middle East And Africa Fibre Film Market

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Flexographic Printing Machine Market is predicted to procure US$ 1,131.4 Million by 2032

The global flexographic printing machine market is expected to accumulate US$ 875.1 Million in 2022. During the forecast period ranging from 2022 to 2032, the market is estimated to grow at a CAGR of 2.6%, with a projected closing value worth US$ 1,131.4 Million by 2032. During the 2017-2021 historical period, the market grew at a CAGR of 4.1%. Dynamics that stimulate market growth are:

Growing printing demands for advertising and print media, as well as rising global packaging demand.
Budding requirement for a printing device with great adaptability and simplicity of use for a wide range of substrates and other items.
The growing use of printed packaging in the food and beverage sector.
Due to advantages including increased shelf life, lightweight, and ease of opening and closing, flexible packaging is increasingly being used instead of traditional conventional container types.

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What are the Factors Propelling the Global Flexographic Printing Machines Market?

With increased packaging applications and the development of trade players’ supply chain networks, the demand for packaging is increasing rapidly. Flexible packaging accounts for approximately 28 percent of the market, with rigid packaging accounting for the remainder. Packaging printing plays a critical role in the movement and communication of packaged products with manufacturers, suppliers, retailers, and consumers, thereby driving growth in the printing equipment market.

Flexographic printing machines are most commonly used for printing purposes in print media, office and administrative use, and industrial applications owing to the high printing speed and applicability on a variety of surfaces and water-based and oil-based inks. Another factor attributing to the growth of the flexographic printing machine market is the need to offer additional specific information about the product’s usage and handling.

Who are the Key Players in the Global Flexographic Printing Machine Market?

Some key players in the flexographic printing machine market are

Aim Machintechnik Pvt. Ltd.,
R.K. LABEL PRINTING MACHINERY (P) LTD,
Wolverine Flexographic LLC,
Star Flex International,
Rotatek,
Edale UK Limited,
Nilpeter A/S,
Polygraph Limited,
Shanghai Printyoung International Industry Co., Ltd and
Dongguang Xinghui Carton Machinery among others.

Key developments in the flexographic printing machine market is as follows:

In October 2019, BOBST introduced the VISION CI flexo press, which is aimed at providing the most efficient performance for all production lengths on a wide range of substrates. It is quick to set up and changeovers, and it includes technical innovations and automation that ensure repeatable process consistency, minimal waste, and mechanical stability.
Omet launched the XFlex X7, a 670mm (26in) width flexo press designed for shrink sleeve and flexible packaging production, in September 2019. Another novel feature of the press is Omet’s High-Value Rotogravure (HVR) print unit.

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Flexographic Printing Machine Market: Market Dynamics

Increased applications of packaging and extending supply chain networks of international players the demanding packaging is rapidly growing. World packaging market is estimated to be US$ 827 Bn in 2017 and is expected to grow at CAGR of 4.2% over the forecast period.

Flexible packaging accounts for approximate 28% market share and rest is contributed by rigid packaging. Printing of packaging plays an important role in movement and communication of the packaged product with manufacturers, suppliers, retailers, and consumers and boosting the demand in printing machine market.

Flexographic printing machines are most commonly used for printing purposes in print media, office and admin use and industrial applications due to its high speed of printing and applicability on a different surface and water-based inks as well as oil-based inks. The need for providing specific information regarding the usage and handling of the product is another factor supporting the growth in flexographic printing machine market.

Consumer preference for e-retail formats for procuring of goods is increasing the growth in flexographic machine market. Low initial installation cost, low maintenance cost and ease of operation of the flexographic machine is boosting the demand in flexographic machine market.

However, the rotogravure printing machines are gaining traction in printing market on the backdrop of their capabilities for printing rich and complex designs which are difficult to achieve using flexographic printing technology. Apart from printing on luxury packaging flexographic printing machines are expected to dominate the market due to their capabilities of printing at high speed and increasing use of nontoxic water-based inks.

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Key Segments Covered in the Flexographic Printing Machine Market Report

Flexographic Printing Machine Market by Technology Type:

Semi-automatic Flexographic Printing Machine
Automatic Flexographic Printing Machine

Flexographic Printing Machine Market by End Use:

Flexographic Printing Machine for Print Media
Flexographic Printing Machine for News Printing
Flexographic Printing Machine for Book/Magazine Printing
Flexographic Printing Machine for Advertisement Printing
Flexographic Printing Machine for Office and Admin Uses
Flexographic Printing Machine for Industrial Applications
Flexographic Printing Machine for Packaging
Flexographic Printing Machine for Other Industries

Flexographic Printing Machine Market by Region:

North America Flexographic Printing Machine Market
Latin America Flexographic Printing Machine Market
Europe Flexographic Printing Machine Market
Asia Pacific Flexographic Printing Machine Market
Middle East and Africa Flexographic Printing Machine Market

Market Benefits

The study provides an in-depth analysis of the global Flexographic Printing Machine Market along with the current trends and future estimations to elucidate the imminent investment pockets.
The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
An extensive analysis of the market based on application assists in understanding the trends in the industry.
The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.

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Master Recharge API Market is anticipated to have a steady CAGR of 4.1% during the period of 2022-2032

During the years 2022-2032, the master recharge API market is predicted to grow at a consistent CAGR of 4.1%.Market analysts expect the master recharge API market to increase from US$ 13.1 billion in 2022 to US$ 20.2 billion in 2032. Before, the market grew at a faster rate of 5.0% CAGR (2015–2021), reaching a value of US$ 12.5 Bn in 2021.

The increasing government investment in master recharge API, rising adoption of online payment technologies integrated with cloud storage, artificial intelligence, and machine learning of cloud technology is flourishing the master recharge API market.

Expanding online payment platforms and proliferation of online banking along with new technological advancements adding more ease to the customer experience is fuelling up the sales of master recharge API and other payment technologies like UPI and other platforms.

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The COVID-19 pandemic condition caused several countries to introduce lockdowns and travel bans in 2020, pushing a lot of businesses to follow work from the home procedure and promoting cashless, contactless, and online money transfer platforms. That has triggered the sales of master recharge API services.

With the high penetration of high-speed networks and bandwidths such as 4G and 5G networks along with the latest smartphones, the use of online payment methods is easing things for business owners, pushing the sales of master recharge API.

The advent of online payments solutions in new industries like healthcare, education, and corporate, along with smart communications technologies and vital trends of rising urbanization, is triggering the demand for master recharge API.

An incompatible workforce and lower penetration of the latest technologies in remote along with security threats and an increased number of payment failures are restricting the growth of the master recharge API market.

Government initiatives leveraging the online payment brands and companies to adopt cashless transactions are pushing the sales of master recharge API, enhancing the customer experience for multiple market spaces.

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KEY TAKEAWAYS:

The Data Card from the master recharge API market is expected to grow at the fastest CAGR of 5.6% in the global data card category.
Prepaid mobile recharge is expected to grow at a high rate in the application category of the master recharge API market, with a CAGR of 4.1%. This segment will reach
The market size for Master recharge APIs in China is expected to reach US$ 3.56 Billion by 2032, growing at a CAGR of 4.5% during the research period.
United States is expected to reach a market size of US$ 3.9 Billion in the master recharge API by 2022.
Canada’s master recharge API market is expected to thrive at a CAGR of 4% over the forecast period.
Japan’s master recharge API is expected to flourish at a CAGR of 4.3% during the research period (2022-2032).
While Germany is the largest consumer within Europe, thriving at a CAGR of 4.5% between 2022 and 2032.

COMPETITIVE LANDSCAPE:

Some of the master recharge API market players profiled in the study are CyberPlat, Cyrus Technoedge Solutions Pvt. Ltd., Euronet Worldwide Inc, and Indian Web Technologies Pvt. Ltd (IWT), JOLO, Axis Softech Pvt Ltd, My Recharge Pvt. Ltd, Pixyrs Softech & Research Pvt. Ltd, Xtra, and Crowdfinch Cybernetics Private Limited.

Recent Developments

CyberPlat has introduced its upgraded series of services such as CyberPlay API, White Label, Android Applications, and Kiosk Based Solutions, pushing the sales of master recharge API.
Cyrus Technoedge Solutions Pvt Ltd has introduced its new series of services, including mobile recharge software, white label recharge software, and money transfer software that helps in smoothening the money transactions.
Indian Web Technologies Pvt has extended its set of solutions by introducing mobile payments, international mobile top-up, electronic voucher distribution software, agency banking, and loyalty reward platform, fuelling the sales of master recharge API solutions.
Pixyrs Softech & Research Pvt has launched its new series of products and services such as mobile recharge software, credit society software, MLM software, NIDHI Software, and NBFC Software solutions.
India-based software company; My Recharge Pvt ltd has introduced its new set of digital services, including Mobile Recharge, DTH Recharge, Electricity Board, Landline Broadband, and Insurance.

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Key segments

By Services

Prepaid Mobile Recharge
Postpaid Mobile Recharge
Data Card
DTH
Electricity
Insurance
Others

By Region

North America
South America
Europe
Asia Pacific
Middle East & Africa

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Military Embedded Systems Market is expected to develop at an 8.1% CAGR from 2022 to 2032

According to research by Future Market Insights, the military embedded systems market is anticipated to grow from US$ 1.6 billion in 2022 to US$ 3.6 billion by 2032, at a CAGR of 8.1%.

From 2022 to 2032, the military embedded systems market is anticipated to grow at a CAGR of 8.1%, from USD 1.6 billion in 2022 to USD 3.6 billion in 2032.

The high cost of military embedded systems, on the other hand, is restricting the expansion of the military embedded systems market. The sales of military embedded systems are predicted to grow as cloud computing, network-centric warfare systems, and wireless technologies open up new doors in the sector.

The demand for military embedded systems is rising as multi-core technology enables designers to adapt to future hardware requirements while staying under budget limits. Due to the widespread usage of multi-core technology in electronic warfare systems, the sales of military embedded systems are predicted to grow.

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KEY TAKEAWAYS:

From 2022 to 2032, the blade server segment is expected to lead the military embedded systems market in terms of server architecture. Due to the increasing deployment of modern blade servers, this sector is projected to lead the military embedded systems market.
According to the platform, the land segment is predicted to lead the industry with a CAGR of 7.8% during the forecast period.
With a CAGR of 7.8%, the intelligence, surveillance, and reconnaissance (ISR) segment are predicted to lead the military embedded systems market in terms of application.
The U.S. is predicted to lead the military embedded systems market with a CAGR of 7.6% during the forecast period. Increased investments in defense equipment and fighting capabilities, as well as the installation of network-centric infrastructure, are likely to propel market growth in the U.S.
The United States and Canada are the two largest countries in this region, with the United States leading the military embedded systems market in North America. The United States is a technologically advanced country with enormous potential for military electronics investment. North America is the primary distribution center for technologically advanced applications. The United States is a technologically advanced country with large investment potential in embedded system technologies. Market expansion in this region was aided by increased investments in next-generation communication technology and integrated warfare capabilities.

COMPETITIVE LANDSCAPE:

Some of the key players in the military embedded systems market profiled in the study are Mercury Systems, Inc., Curtiss-Wright Corporation, Advantech Co., Ltd., SMART Embedded Computing, and Kontron AG.

Recent Developments

Abaco Systems introduced its new 3U CompactPCI Rugged Single Board Computer in April 2020, which is designed for a wide range of demanding applications in defense, aerospace, industrial, and commercial areas where rugged reliability in hostile environments is critical.
Kontron AG added a new VX305H-40G 3U OpenVPX single board computer module to its modular open systems architecture product line in February 2020.
Kontron AG inked a distribution deal with Mouser Electronics in February 2020 for its computer-on-modules (COMs), which include COM Express modules based on Intel Atom E3900 series, Pentium processor N4200, and Celeron processor N3350 processors.
Elma Electronic (Switzerland) and Curtiss-(U.S.) Wright’s defense solutions division collaborated in January 2019 to improve a 3U OpenVPX convergence development platform for the C4ISR CMOSS.
Mercury Systems, Inc. invested USD 15 million in October 2019 to grow its custom microelectronics business, providing the U.S. Department of Defense with cutting-edge commercial silicon technology (DoD).

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Key Segments

By Component

Hardware
- Processor
- Memory
- Converter
- Graphical Processing Unit (GPU)
- Others
Software

By Application

Radar
Command & Control
Avionics
Electronic Warfare
Communication & Navigation
Weapon Fire Control System
Others

By Platform

Land
Marine
Space
Airborne

By Technology

Mist Computing
Fog Computing
Edge Computing

By Services

Design, test & certification
Deployment
Renewal
Seamless life cycle support

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IT Asset Disposition Market is anticipated to reach US$ 31.8 Billion in 2032

The IT asset disposition market is estimated to register a CAGR of 7.4% from 2022 to 2032. The market for disposing of IT assets is predicted to grow from US$ 15.6 billion in 2022 to US$ 31.8 billion in 2032. The industry saw a Y-o-Y gain of 7.6% from 2021 to 2022.

Despite having high demand, several factors such as lack of knowledge, budget constraints, unavailability of sufficient resources, and others, digital forensics solutions are confined in the SMEs.

Furthermore, factors such as non-operational manufacturing units during lock down, decreased manpower, unavailability of raw materials, and others have slowed down the market growth which is expected to go on till the end of this year.

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Some of the key takeaways from the report are highlighted below-

The increasing cases of cyber threats and attacks in the government, law enforcement, and others sectors is resulting in higher adoption of digital forensics solutions over the world
Among the end users, government & law enforcement sector will maintain the lead, followed by the legal services firms throughout the forecast period
North America digital forensics market will lead other regions during the forecast period

“Increasing adoption of artificial intelligence in digital forensics coupled by the rising cyber threats is expected to steer the global digital forensics market growth during the forecast period,” says an FMI analyst.

Rising Adoption of Artificial Intelligence Boosting Growth

Since the past decade, artificial intelligence is being increasingly adopted by the digital forensics market in order to obtain more advanced results.

As artificial intelligence is highly efficient in locating, and identifying relevant elements in video clips and pictures in order to spot the commonalities in time stamps, places, communications, and others, it is widely preferred by the digital forensics market across the globe.

With the increasing adoption of artificial intelligence, digital forensics market is getting more efficient and fast in data investigation, data recovery, and other crucial parts of crime investigations.

As artificial intelligence is getting more widely popular, its increased adoption is expected to grow the global market further in the near future.

COVID-19 Impact Analysis

The outbreak of novel coronavirus outbreak in the current year has negatively impacted the global digital forensic market. Various restraining factors such as closed manufacturing units, scarcity of raw materials, unavailability of labors, economic crisis, and others have declined the market growth.

Despite facing decreased demand due to the ongoing pandemic, the global digital forensics market has high potential to grow further.

According to FMI, the global market is expected to grow by both value and volume during the forecast period from the year 2020 to 2030.

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Who is Winning

The global digital forensics market has unlimited potential worth getting utilized by the key market players. The top companies such as FireEye Inc., IBM Corporation, Micro Systemation AB, KPMG and others are giving their best efforts to leverage the market potential.

For instance, FireEye Inc. has released their new digital forensics and incident response for PLCs in order to effectively response to the attacks against Industrial Control Systems (ICS).

Recently, KPMG has come up with their dedicated forensic technology lab for recovery and use of critical digital evidence to support investigations and litigation.

IBM Corporation has launched their extensive range of digital evidence management and saving solutions to provide fast actions during the investigation.

More Valuable Insights on Digital Forensics Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global digital forensics market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2022-2030.

Digital Forensics Industry Survey

Digital Forensics Market by Type:

Computer Forensics
Mobile Device Forensics
Network Forensics
Database Forensics
Cloud Forensics

Digital Forensics Market by Component:

Digital Forensics Hardware
Digital Forensics Software
Digital Forensics Services

Digital Forensics Market by End User:

Government & Law Enforcement
Legal Services Firms
Military & Defense
IT & Telecom
BFSI
Others

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Enterprise Video Market is expected to grow at a 13.8% CAGR from 2022 to 2032

The global enterprise video market is predicted to be worth US$ 21.23 billion in 2022 and to grow at a 13.8% CAGR from 2022 to 2032 to reach US$ 77.32 billion by 2032, according to research from Future Market Insights.

Sales of enterprise video are expected to rise significantly. In addition to this, sales of enterprise video are rising, accounting for US$ 27.8 Bn by 2026. Increasing sales of enterprise video are also projected to contribute to the growth of the enterprise video market share.

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Many individuals are annoyed by the poor video quality and other disruptions that occur while video streaming. According to a Cisco worldwide poll on the future of work, 98% of workers said they were frustrated during video meetings when working from home because of distractions.  Background noise—either from other participants or from their own side of the call—was mentioned as a source of two of the top five difficulties. Many suppliers of enterprise video solutions are working on sophisticated noise removal technology.

The worldwide enterprise video market is being driven by the need to increase operational efficiency and productivity. In recent years, several businesses have embraced the Bring Your Own Device (BYOD) and Carry Your Own Device (CYOD) policies.

These technologies allow employees to engage with business data from a variety of places. These solutions complement one other since BYOD and CYOD rules and enterprise video solutions provide employees greater flexibility.  Many firms are expected to use enterprise video solutions to allow their employees to connect with one other or with clients since many have accepted the BYOD and CYOD policies. The enterprise video industry is growing due to the increasing adoption of BYOD and CYOD policies by businesses.

Manufacturers in the enterprise video market get a big platform from which to serve the whole demand for enterprise video. The worldwide sales of enterprise video are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for enterprise video more accessible to customers.

Key Takeaways:

       Enterprise video solutions are being used by businesses for applications such as video conferencing and live streaming, which allow employees to communicate and interact with one another in real-time.
During the projected period, the cloud deployment option is predicted to increase at the fastest CAGR. Service providers provide cloud or hosted enterprise video solutions as a software as a service (SaaS).
The adoption of enterprise video solutions as SaaS is developing as the best practice for firms looking for cost-effective functionality, thanks to improvements in cloud-based technology.
During the projection period, the healthcare and life sciences sector is predicted to develop at the fastest CAGR. Enterprise video collaborations allow healthcare professionals in the telemedicine and patient care, medical education, and healthcare administration applications to provide better communication choices to their patients, allowing them to provide better treatment.
Face-to-face conversations between patients, healthcare staff, and family members to discuss various treatment choices are possible with enterprise video solutions, which can be used anywhere in the world.

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Competitive Landscape

IBM (US), Microsoft (US), Google (US), Adobe (US), Avaya (US), AWS (US), Poly (US), LogMeIn (US), RingCentral (US), Zoom Video Communications (US), Google (US), Enghouse Systems (Canada), Brightcove (US), Dalet Digital Media Systems (France), Qumu (US), Sonic Foundry (US), ON24 (US), Lifesize (US), Kaltura (US), BlueJeans Network (US), Haivision (Canada (US)

In November 2020, Avaya announced that the Avaya Cloud Office, a unified communications solution that includes team messaging, video meetings, and cloud PBX, will be available in five of Europe’s top economies – Austria, Belgium, Germany, Italy, and Spain – beginning in December 2020.
Virtual visits and Electronic Healthcare Record (EHR) integration, Teams policy packages, secure messaging, Teams templates, and care coordination and collaboration were all added to Microsoft’s Teams applications in October 2020, making them more useful for hospitals and other healthcare organisations.
Cisco announced the acquisition of BabbleLabs, a business that creates and develops communication software, in August 2020 in order to improve the video conference experience for users.
Avaya and Tradewinds Brokerage inked a Master Agent agreement in October 2020 to develop Avaya’s communications and collaboration solutions market in Australia and create new, recurring income streams.
In May 2020, IBM and Cisco partnered to offer a free extended trial of their Video Streaming technology. Customers will be able to live broadcast Cisco Webex meetings using IBM Watson Media’s Video Streaming technology as a result of this agreement.
LaunchPoint, a Marketo firm, teamed with Brightcove, a renowned supplier of cloud-based video services, in October 2019. Marketo would have Brightcove as an Accelerate partner. Engage consumers that want to use video assets in their marketing campaigns.

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Key Segments

By Solution:

Video Conferencing
Video Content Management
Webcasting

By Services:

Integration & Deployment
Managed Service
Professional Service

By Deployment:

Cloud
On-premises

By Application:

Corporate Communications
Training & Development
Marketing & Client Engagement

By Delivery Technique:

Downloading/ Traditional Streaming
Adaptive Streaming
Progressive Downloading

By Organization Size:

Large Enterprise
Small & Medium Enterprise (SME)

By End-use:

IT & Telecom
Banking, Financial Services, and Insurance (BFSI)
Healthcare & Life Sciences
Media & Entertainment
Education
Retail & Consumer Goods
Others

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Healthcare Analytics Market is projected to grow at a CAGR of over 33% during 2022 – 2032

According to Future Market Insights’ most recent report, the global Healthcare Analytics Market will generate US$29.1 billion in sales in 2021. The anticipated market growth from 2022 to 2032 is anticipated to be substantially larger than the increase in the past, coming in at 29.2%. With a projected CAGR of over 33% between 2022 and 2032, software is predicted to generate the highest amount of revenue.

The change management software market is projected to be restrained by the complexity of integrating technologies and toolsets. However, the rise in demand for artificial intelligence and machine learning as value-added capabilities in vendors’ solutions is expected to generate a big opportunity for them as DevOps and AI usage develop.

Furthermore, advancements in wireless technology, increased internet penetration, and an increase in the number of connected devices are driving the Internet of Things forward, which is also positively impacting the change management software market adoption trends. As a result, new opportunities for change management software manufacturers are opening up, strengthening the global industry.

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During the forecasting period, North America accounted for the highest share of the change management software market. The ITSM solution includes a change management software solution that is used to monitor and track changes in the IT infrastructure. It aids in reducing the negative effects of IT-related changes on an organization.

For diverse applications, the reliance on automated digital mediums and AI is growing in every area, including banking, IT, healthcare, education, and others. The increasing adoption of AI in the IT and telecom sectors are expected to boost the change management software market growth.

As per the global change management software market study, the continuous expansion of internet connectivity around the world, as well as various technological breakthroughs like as 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), have bolstered economic growth tremendously in the last two decades.

Key Takeaways

The software component segment of the change management software is projected to advance at a CAGR of 9% throughout the forecast period.
In 2026, North America is predicted to have a market share of over 30%, followed by the Asia Pacific. Increased cyber security threats, particularly among the government and banking sectors, are credited to the growth of the change management software industry?in North America.

During the projection period, the market in the Asia Pacific is expected to grow at a CAGR of more than 15%, followed by South America. India, China, and Japan are among the major countries in the region that are driving the change management software industry. Market growth is expected to be hampered by increasing third-party partnerships and weak IT infrastructure.
Over the projection period, the telecom and IT segment are expected to hold the biggest change management software market share and offer considerable development prospects.

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Competitive Landscape

ServiceNow Corporation, BMC Software, Inc., CA Technologies, IBM Corporation, Cherwell Software, LLC., Ivanti, Axios Systems, EasyVista Inc., Micro Focus International Plc, and Zoho Corporation are among the major participants in the worldwide?change management software industry.

These companies have used a variety of growth tactics to enhance their global footprint and market share, including new product launches, partnerships, contracts, collaborations, acquisitions, and expansions.

Key Segments

By Component:

Software
Services

By Deployment Type:

On Premise
Cloud based

By Organization Size:

SMEs
Large Enterprises

By Industry Type:

BFSI (Banking, Financial Services and Insurance)
Healthcare and Life Science
Education
Government and Public Sector
Telecom and IT
Retail and Consumer Packaged Goods
Others

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By Geography:

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

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5G security market is projected to reach US$ 12.5 Billion by 2032

According to Future Market Insights research, the global 5G security market is estimated at US$ 1.2 Billion in 2022 and is projected to reach US$ 12.5 Billion by 2032, at a robust CAGR of 26.4% from 2022 to 2032. This growth can be attributed to the following factors:

DLP instruments help to design data loss prevention methodologies by giving pre-portrayed approach controls to follow the advancement of data. It also hinders unapproved sharing, corruption, as well as pull of data. The data loss is mainly done via malware attacks and taking control of the system. According to Verizon’s 2021 Data Breach Investigations Report, the malware was involved in nearly 15% of data breaches. To reduce malware attacks and security breaches companies are focussed in 5G technology.

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With the growing concern of consumers worldwide regarding their health and their growing annual healthcare budget, healthcare stakeholders are becoming richer every day. But, at the same time, the evolution of new technologies and their need for speed and automation have made them vulnerable to cyber threats. 5G capabilities have added numerous advantages to the healthcare sector including speed, capacity, hyper-connectivity, low latency, and data-driven insights. The higher speed and lower latency offered by 5G can be a boon to cyber attackers as it offers the opportunity to access more data due to hyper-connectivity.

Key Takeaways from the 5G Security Market Study

5G Non-standalone is expected to hold the largest share in the architecture segment and is expected to grow at a CAGR of 24.9% in forecast period.
The U.S. holds a growth of CAGR 25.9% from 2022 to 2032.
The solutions segment is expected to emerge as the fastest-growing segment, registering a CAGR of 25.8% from 2022 to 2032.

Who is winning?

Leading players of 5G Security Market are focused in developing cloud infrastructure, because with the help of artificial intelligence and machine learning companies are automating the process and the data or formula details are stored in the cloud platform which can be accessed remotely. Key players present in the 5G Security Market industry are Ericsson, Palo Alto Networks, A10 Networks, Allot, Huawei, Nokia, Juniper Networks, Fortinet, Mobileum, ZTE among others.

Below enlisted are few of the recent developments in 5G Security Market:

In Mar 2022, Huawei, China Unicom, Partners Announced 5G Private Network PLUS Achievements. They are focused to provide high reliable campus networks, slice-based private network. China Unicom’s 5G Private Network PLUS Achievements were announced during MWC Barcelona 2022.
In Feb 2022, Ericsson announced that its 5G portfolio update has enabled energy efficiency. Seven new RAN products and solutions led by the flagship dual-band Radio 4490 which consumes 25% less power compared to current product.

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Global 5G Security Market by Category

By Component:

Solutions
Services

By Network Component Security:

RAN Security
Core Security

By Architecture:

5G NR Non-standalone
5G NR Standalone

By End User:

Telecom Operators
Enterprises

By Deployment Type:

Cloud
On-Premises

By Vertical:

Manufacturing
Healthcare
Energy and Utilities
Retail
Automotive and Transportation
Public Safety
Media and Entertainment

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