Get Business Insights on the Artificial Intelligence in Telecommunication Market during Forecast 2022 to 2032

With a 27.5 percent CAGR from 2022 to 2032, the global artificial intelligence in telecommunications market is expected to be worth US$ 918.6 million in 2022 and US$ 10,399.9 million by 2032.

The acceptance of artificial intelligence in telecommunications is growing as telecom organisations use AI in various aspects of their operations, such as improving consumer loyalty and organisational strength. The use of artificial intelligence in telecommunications is expected to grow, as AI is primarily used in client care applications by telecom companies.

Furthermore, one of the significant advances in artificial intelligence in the telecommunications market is the use of chatbots and menial helpers to deal with a massive volume of installation, maintenance, and troubleshooting support demands.

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Besides, remote helpers scale and mechanize reactions to help demands, increasing client happiness and saving business costs. Subsequently, artificial intelligence in telecommunication market share is supposed to grow altogether through 2032.

The advancement of setting mindful AI frameworks that are intelligent and can rapidly determine their condition is quite possibly of the latest pattern in artificial intelligence in the telecommunication market. These frameworks utilize the notice arrange choose act way to deal with make choices. Accordingly, during the projection time frame, interest for artificial intelligence in telecommunication is supposed to rise.

Free time might be minimized using AI, which is another component driving the development of artificial intelligence in telecommunication market size. Moreover, maintenance work can be achieved rapidly by employing setting mindful innovation and IoT strategies.

Numerous businesses utilize robots to perform network fixes. Comarch is one such startup that utilizes AI-empowered robots to give telecom network maintenance arrangements.

Key Takeaways from Market Study

  • Due to the rising need for real-time behavioral insights, the consumer analytics category is expected to have the greatest market share by 2032, with a valuation of US$ 2,294.4 Mn.
  • As customer service automation saves costs for telecom companies, the virtual assistance market is expected to grow the fastest during the projection period, at a CAGR of 24.5 percent.
  • Europe is expected to dominate the artificial intelligence market in telecommunication by 2032, with a CAGR of 25.7 percent between 2022 and 2032. European telecommunication companies have been observed prioritizing investments in order to make better data-informed decisions.
  • By 2032, North America is expected to account for the second highest portion, with a value of US$ 1,802.7 Mn.
  • The Middle East and Africa artificial intelligence in telecommunication market is expected to be valued at US$ 419.6 Mn by 2022-2032, growing at the fastest CAGR of 31.1 percent.

 “The deployment of 5G technology in mobile networks, as well as the increasing demand for effective and efficient network management solutions, has fueled the expansion of artificial intelligence in the telecommunication business. Increasing smartphone AI-embedded adoption and increased acceptance of AI solutions in various telecom applications are predicted to drive demand for artificial intelligence in telecommunication.”- Future Market Insights Analyst.

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Competitive Landscape

The presence of multiple players in artificial intelligence in telecommunication market makes it competitive. Market participants are attempting to increase their client base through a variety of strategic activities such as partnerships, mergers and acquisitions, and collaborations.

Furthermore, with the right forecasts from AI systems, users can obtain insight into their decisions before implementing them in real life. Telecom companies can get a competitive advantage by exploiting AI’s predictive capabilities.

The following companies are among the major players in the global artificial intelligence in telecommunication market: IBM Corp., Microsoft Corp., Intel Corp., Google LLC, AT&T Intellectual Property, Cisco Systems, Inc., Nuance Communications, Inc., Evolv Technology Solutions, Inc., H2O.ai, Infosys Ltd., Salesforce.com, Inc., and NVIDIA Corp.

Recent Developments in Artificial Intelligence in Telecommunication Market:

  • In March 2020, Google partnered with AT&T Intellectual Property to let enterprises use Google Cloud’s technology by leveraging 5G network connectivity. AT&T Intellectual Property’s 5G network capabilities and Google Cloud’s strengths in analytics, AI/machine learning, and networking are being combined to create 5G solutions.
  • In May 2021, Nokia launched AVA Telco AI as a Service, which provides cloud-based artificial intelligence solutions to communication service providers (CSPs) to automate capacity planning, network management, and service assurance.
  • Vodafone Group launched ‘TOBi,’ a machine learning chatbot that helps human customer support professionals to focus on more complex scenarios, in June 2019.

How is the Start-up Ecosystem in the Artificial Intelligence in Telecommunication Market?

Startups in the artificial intelligence in telecommunication market are conducting their own AI research in order to strengthen their business models. It is easier for telecom firms to make accurate decisions when using AI. Furthermore, with the appropriate forecasts from AI systems, users can gain insight into their decisions before putting them into action in real life. Telecom firms can get an advantage over their competitors by utilizing AI’s predictive skills.

For example, Cujo.ai has a one-of-a-kind product called Sentry, which can handle massive datasets in seconds. This AI system has advanced to the point where it can determine whether or not there is a security issue. Furthermore, these systems are highly trained with real-world data, allowing them to detect and respond to unauthorized network behaviors.

Key Segments

By Application:

  • Network Security
  • Network Optimization
  • Customer Analytics
  • Virtual Assistance
  • Self-Diagnostics
  • Others

By Region:

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

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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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RF Duplexer Market to Display Impressive Growth of 10.7% with Rising Demand during Forecast 2022 to 2032

The worldwide RF duplexer market is ready to enroll a 10.7% CAGR, catching an income portion of US$ 7,847.3 million of every 2022, to arrive at US$ 21,623.5 million by 2032.

The cellular industry is growing rapidly due to increased lifestyle spending in developed as well as developing economies. Many countries such as US, Canada, India, and China etc. are some of the fastest growing economies which are constantly increasing their spending on communication devices such as smartphones, tablets, and PCs etc. thereby driving the adoption of wireless communication and military devices.

This has led to increasing number of applications of RF duplexers. Presently, there is a rise in demand for RF duplexers in electronic devices such as smartphones, portable PCs, tablets and set top boxes as its offers bi-directional communication.

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RF Duplexer is widely used in application areas such as military & defense, consumer electronics, aerospace, wireless communication etc. which is expected to increase the demand for RF duplexer in the market. Due to its compact size, it can be easily fit into smartphones and other electronic devices which lead to increase in demand of RF duplexer for various integrated solutions.

RF Duplexer Market: Market Dynamics

Rising deployment of LTE networks and increasing demand of RF duplexer in many wireless communication devices is expected to boost the RF Duplexer market. Development of mobile computing devices with advanced functions and multiple wireless bands has created complexity in RF devices. This complexity in RF devices can be a restraining factor for RF duplexer market. The emergence of automated and integrated solutions in electronic devices is the upcoming trend in the RF duplexer market.

RF Duplexer Market: Regional Outlook

North America is expected to hold the largest share of RF duplexer market due to the increasing wireless communication industry in this region. Asia Pacific is the fastest growing region due to technological advancement in wireless industry that creates huge opportunities in cellular segment which is expected to contribute major growth in RF duplexer market. Europe is projected to contribute to the growth of RF duplexer market in the forecast period due to the presence of RF duplexer provider in countries such as Italy, UK, and Germany.

How is the Competition Landscape in the RF Duplexer Market?

Few prominent players in the RF Duplexer market include Bird Technologies, Arrow Electronics, Inc., CTS Corporation, Qorvo, Inc., Wainwright Instruments GmbH, Anatech Electronics, Inc., Microwave Filter Company Inc., Renaissance Electronics & Communications, LLC, TDK Corporation, DFINE Technology Co., Ltd., Westell Technologies, Inc. and Broadcom Ltd.

Emerging Trends in the RF duplexer market are brought about as a result of the major players’ adoption of several growth strategies, including product launches, acquisitions, and collaborations.

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Segmentation RF Duplexer market

By Product Type:

  • Indoor Monitor
  • Outdoor Monitor

By End-User:

  • Petrochemicals
  • Residential
  • Commercial
  • Power Generation
  • Other End Users

By Pollutant Type:

  • Physical Pollutants
  • Chemical Pollutants
  • Biological Pollutants

By Sampling Method:

  • Manual
  • Continuous
  • Intermittent

By Region:

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

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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.

Contact:

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Healthcare Contact Center Solution Market Insights By Type, Industry, Application & End-User during Forecast 2022 to 2032 | FMI

The worldwide healthcare contact center solution market is supposed to arrive at a market worth of US$ 6,762 Million out of 2022, further collecting a market worth of US$ 40,877 Million by enlisting a CAGR of 19.7% in the estimate period 2022-2032. The market for healthcare contact center solutions enrolled a CAGR of 18.1% in the verifiable period 2016-2021.

The demand for healthcare contact center solutions is growing with a high pace as most of hospitals are continuously looking for innovative ways to engage with their existing and potential customer. Moreover, the adoption of innovative contact center technology solutions enable hospitals to streamline their operational efficiencies.

Moreover, healthcare contact centre solutions offers hospitals several benefits such as proactive web engagement, balance patient care, and improved payment and collection process in order to improve healthcare customer experience.

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Healthcare Contact Center Solutions Market: Drivers and Restraints

The rising adoption of cloud based solutions and services in contact centers is turning to the major factor driving the healthcare contact center solution market. Moreover, the market has experienced significant growth owing to increasing areas of application in hospitals, which is becoming necessity to shift their IT infrastructure to the cloud in future. Moreover, cost reduction is also one of the major factor driving the market in positive manner.

Compliance and regulatory issues are the major challenges faced by most of the vendors in healthcare contact center solutions market.

Global Healthcare Contact Center Solutions Market: Market Segmentation

Segmentation Overview

Global Healthcare Contact Center Solutions Market can be divided into five segments, on the basis of deployment type, application, service, enterprise type and region.

Segmentation on the basis of the deployment type for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the type include: On-premises and cloud based.

Segmentation on the basis of the application for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the application include:  workforce optimization, customer relationship management, interactive voice response, and others.

Segmentation on the basis of the service for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the services include: professional and managed services.

Segmentation on the basis of the enterprise type for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the enterprise type include: SMB’s and Large Enterprises.

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Global Healthcare Contact Center Solutions Market: Regional Outlook

On the basis of geography, Healthcare Contact Center Solutions market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the Healthcare Contact Center Solutions market in North America is expected to dominate during the forecast period owing to the deployment of cloud based contact center solutions by small and large enterprises in healthcare industry. North America region is expected to be followed by Western Europe, Japan and APAC.

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

Market Competition

Some of the major players of the healthcare contact center solution market are Genesys, Aspect Software, Invensys, DATAMARK Incorporated, Aspect, Ozonetel, and Virtusa Corporation.

  • In September 2021, IQVIA, a global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry, announced it has added new AI-powered technologies to enhance its existing Medical Information (MI) Contact Center services.
  • Life science companies use IQVIA’s MI Contact Center services to share information about new products and related therapeutic areas as well as monitor product quality and safety. This is done through teams of skilled agents responding directly to inquiries from consumers, patients, and healthcare professionals (HCPs) around the world.
  • IQVIA’s MI Contact Center services now deploy AI-powered virtual agents alongside skilled human agents to triage and respond to inquiries. This combination of AI-powered agents and human agents creates faster response times and reporting of adverse events or quality concerns.

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Key Segments Profiled in the Healthcare Contact Center Solution Industry Survey

Healthcare Contact Center Solution Market by Deployment:

  • On-premises Healthcare Contact Center Solutions
  • Cloud-based Healthcare Contact Center Solutions

Healthcare Contact Center Solution Market by Application:

  • Healthcare Contact Center Solutions for Workforce Optimization
  • Healthcare Contact Center Solutions for Customer Relationship Management
  • Healthcare Contact Center Solutions for Interactive Voice Response
  • Healthcare Contact Center Solutions for Other Applications

Healthcare Contact Center Solution Market by Service:

  • Professional Healthcare Contact Center Solutions
  • Managed Healthcare Contact Center Solutions

Healthcare Contact Center Solution Market by Enterprise Type:

  • Healthcare Contact Center Solutions for SMB’s
  • Healthcare Contact Center Solutions for Large Enterprises

Healthcare Contact Center Solution Market by Region:

  • North America Healthcare Contact Center Solution Market
  • Latin America Healthcare Contact Center Solution Market
  • Europe Healthcare Contact Center Solution Market
  • Asia Pacific Healthcare Contact Center Solution Market
  • Middle East & Africa Healthcare Contact Center Solution 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.

Contact:

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Hall-Effect Current Sensor Market : Overview, Data Updates, Reports Analysis & Forecast 2022 to 2032 | FMI

Worldwide hall-effect current sensor market request is expected to be esteemed at US$1128.0Million in 2022, estimate to develop at a CAGR of 9.4%to be esteemed at US$2765.0Million from 2022 to 2032. Development is credited to the rising interest in end-use enterprises like modern mechanization, car, and customer hardware. From 2016-2021 a CAGR of 7.4% was enlisted for the hall-effect current sensor market.

Covering a gamut of applications, Hall-Effect Current Sensor derives its applications in solar inverters, solar panel tracking, motor current sensing, robots, machinery, conveyor belts, escalators, moving cranes, consumer electronics devices and automotive. The growing need for current measurement rises the demand for Hall-Effect Current Sensors.

Current measurement is necessary for a variety of applications in various industries.  Hall-Effect Current Sensor is a magnetic sensor which can sense current in any device and works on Hall Effect principle, which states that if a current carrying conductor is placed near a magnetic field, a voltage will be generated which will be directly proportional to the product of the current and magnetic field.

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Global Hall-Effect Current Sensor Market: Market Dynamics

Rising use of fully programmable current sensors due to the continuous technological advancements and the developmental strategies implemented such as contracts and agreements, product developments, partnerships, and expansions implemented by competitive players are the primary factors driving the growth of the market.

Also Hall Effect sensors offer various benefits such as high speed operations, broad operating temperature range, ease of use, cost effectiveness, robust & reliable performance with logic compatible input and output. These are some necessary features are required for the advanced electronics which we use today.

Also the Hall-Effect Current Sensor is a critical component in almost every industry. Like in automotive industry the Hall-Effect Current Sensor is used for applications such as current control, protection of devices from overcurrent, and power management including control of motor drives, converter control, overcurrent protection, and battery management. Also the rising demand for electric vehicles is expected to drive the market in near future.

However, low cost Hall-Effect Current Sensor with poor performance can thwart the growth of Hall-Effect Current Sensor market.

Global Hall-Effect Current Sensor Market: Regional Outlook

Regionally, the global Hall-Effect Current Sensor market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The APAC region is expected to be the fastest-growing region for Hall Effect current sensors market. The major reason being the increasing adoption of Hall Effect current sensors is in automotive industries. While North America, an early adopter of the technology exhibited a significant growth, the trend expected to continue over the forecast period.

In the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) to increase accuracy and thus is expected to boost the market growth.

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Global Hall-Effect Current Sensor Market: Competition Landscape

The key vendors in the global Hall-Effect Current Sensor market are ABB Ltd, Honeywell International, Inc., STMicroelectronics N.V., Allegro MicroSystems LLC., Asahi Kasei Microdevice Corporation, Infineon Technologies AG, Melexis NV, LEM Holding SA, TDK Corporation and Kohshin Electric Corporation. Collaborating with other manufacturers in the Hall Effect current sensors market is the key strategy followed by major market vendors to gain competitive edge.

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

  • In February 2021- Allegro Microsystems, Inc. introduced the A17700, an automotive-grade interface IC for resistive bridge pressure sensors featuring top-of-the-line signal conditioning algorithms. The A17700 delivers premium performance and increased system efficiency with flexible interface options – all in a small form factor.
  • In June 2020, Allegro MicroSystems, LLC introduced an advanced hall-effect current sensor with accurate 400 kHz Current Sensor IC with 5 kV isolation rating. Enabling more efficient power conversion in higher frequency switching applications, the ACS37002 has 400kHz sensing bandwidth up to 180 A with low offset and better than 1% typical total accuracy over the full –40°C to 150°C auto temperature range.

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Key Segments Profiled in the Hall-Effect Current Sensor Industry Survey

Hall-Effect Current Sensor Market by Technology:

  • BiCMOS
  • CMOS
  • High Power Dissipation
  • Low Input Density
  • High Current Drive

Hall-Effect Current Sensor Market by Industry:

  • Industrial Automation
  • Automotive
  • Consumer Electronics
  • Telecommunication
  • Utilities
  • Medical
  • Railways
  • Aerospace & Defense

Hall-Effect Current Sensor Market by Region:

  • North America Hall-Effect Current Sensor Market
  • Latin America Hall-Effect Current Sensor Market
  • Western Europe Hall-Effect Current Sensor Market
  • Eastern Europe Hall-Effect Current Sensor Market
  • Asia Pacific Hall-Effect Current Sensor Market
  • Japan Hall-Effect Current Sensor Market
  • Middle East and Africa Hall-Effect Current Sensor 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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Patient Self-Service Kiosks Market is expected to grow at a sturdy CAGR of 16.6% during the period 2022-2032

Kiosk is a terminal which allows entry and display of information through a computer. Kiosks include specialized software and hardware intended within a public exhibit that offers access to information and applications for education, commerce, communication and entertainment.

The patient self-service kiosks are available at hospitals, clinics, medical centers which permit patients to do daily activities such as check-in for their booked appointments, update their personal demographics and to cut-down the time required to interact with a registration clerk. Kiosks allow patients to make co-pay and to collect their payment.

The patient kiosks are deployed by hospitals into ambulatory and emergency departments. The patient self-service kiosks offer benefits such as improvements in data quality, decrease in workload, steadiness in registration procedures and improvement in patient experience.

Due to a cut-down in the patients’ waiting time and increase in patient’s experience, the patient self-service kiosks market is anticipated to grow at a healthy CAGR during the forecast period.

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Patient Self-Service Kiosks Market: Drivers and Restraints

The drivers of the patient self-service kiosks market are enhanced patient experiences, improved patient services, improved marketing activities like product advertisement & promotion and consumer behavior analysis, and enhanced efficiency of kiosks.

Some restraints which are hindering the growth of patient self-service kiosks market are, high initial cost of the interactive kiosk, time to time maintenance of the interactive kiosk, government regulations in its installation, and rising cybercrime as well as security issues.

Patient Self-Service Kiosks Market: Overview

Globally, the patient self-service kiosks market is gaining popularity and establishing an innovative electronic system for marketing of products and services.

Patient Self-Service Kiosks Market: Regional Outlook

A region level segmentation is completed for patient self-service kiosks market that covers

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

Globally, the APEJ region is expected to lead in the patient self-service kiosks market in terms of value due to rising popularity and adoption of patient self-service kiosks in various industries, followed by North America and Western Europe.

Patient Self-Service Kiosks Market: Key players

The prominent players operating in patient self-service kiosks market are, International Business Machines Corporation (IBM) Corp., Clearwave Corporation, PFU-Fujitsu, SlabbKiosks, KIOSK Information Systems Inc., Phoenix Kiosk Inc., RedyRef Interactive Kiosks, EMBROSS Group Pty Ltd., NCR Corp., Meridian Kiosks LLC and Wincor Nixdorf Ag.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.

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Regional analysis include

  • North America (U.S., Canada)
  • Latin America (Brazil, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Rest Of Western Europe)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Patient Self-Service Kiosks Market: Segmentation

Patient Self-Service Kiosks Market, by Product type

  • Freestanding kiosks
  • Wall-mounted kiosks
  • Countertop kiosks
  • Mobile kiosks

Patient Self-Service Kiosks Market, by Component

  • Data entry
  • Touchscreens
  • Barcode readers (QR, 1 and 2 D barcode readers)
  • Keyboard and Trackball
  • Electronic number pad
  • Audio speakers
  • Electronic signature pad
  • Printer
  • Point-Of-Sales (POS)
  • Laser printers
  • Kiosk thermal printers
  • Cash transaction components
  • Debit and Credit Card readers
  • Cash acceptors and recyclers (Bill and Coin)
  • Magnetic stripe and Chip (EMV)/Optical card scanner

Patient Self-Service Kiosks Market, by End User

  • Hospitals
  • Clinics
  • Medical Centres

Patient Self-Service Kiosks Market, by Applications

  • Patient self-check-in
  • New-patient registration
  • Way finding assistance
  • Hospital directory
  • Update and verification of patient demographics
  • Multiple language support
  • Prescription refill ordering
  • Collection of co-payments and outstanding balances

Other Applications (Consent forms, Facility directions, Visitor management, Alert notification, Basic screening/patient questionnaire, Patient satisfaction surveys, Confirmation of reason for visit, Future appointment scheduling, Patient checkout)

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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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Research And Development (R&D) Analytics Market to be valued at US$ 6,366.6 Million from 2022 to 2032

Global Research And Development (R&D) Analytics Market demand is anticipated to be valued at US$ 2,025.0 Million in 2022, forecast a CAGR of 12.1% to be valued at US$ 6,366.6 Million from 2022 to 2032. Growth is attributed to the evolving need in end-use industries. From 2016-2021 a CAGR of 9.1% was registered for the Research And Development (R&D) Analytics Market.

Revenue growth for any institution depends on the investment made in R&D. In R&D organizations there is a need to take several vital decisions with regards to allocations of funds, monitor the recent technology trends and assess the risks and also manage talent. Much of these are done through experience, the expertise of the organization which is more of an art than science which they have devised their own methods.

For short-term projects, these methods might be beneficial but for long term R&D projects adoption of analytics has to be done in industries as there is a need to take decisions regarding what products to develop, competition landscape, intellectual property, patent data, market segmentation etc.

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The use of analytics in R&D can increase revenue and lower cost, improve accuracy, save time and meet customer’s ever increasing demand. There is a large volume of unstructured or unorganized data in this complex business environment, so there is need to optimize this data using analytics in order to improve their return on investment in R&D.

There is a large increase in the amount of data and there is a need to effectively manage the database with appropriate tools for converting them to valuable and structured data for accelerating the growth the R&D organizations. There is a need to take decisions regarding what products to develop, customer behavior, competition landscape, intellectual property, patent data, spending and revenue return analysis.

The increasing adoption of analytics tools assists in precise and customer-focused businesses and offers accurate data which helps in tracking of achievements and goals from campaigns. This will continue to fuel the demand for R&D analytics solutions across different industry verticals.

Large organizations are finding it difficult to analyze this large sets of unstructured data, so here is advanced R&D analytics tools come in to extract the relevant and appropriate information. Data being stored is growing exponentially everywhere in many formats which need to be organized and utilized appropriately.

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What are the Challenges Faced by the R&D Analytics Industry?

The Data Security Concern May Impede the Market Growth

Although the Research And Development (R&D) Analytics Market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. Data security and privacy concerns are major challenges faced in Research And Development (R&D) Analytics Market.

Another challenge was with nomenclature followed by different companies in their data as several standards are designed by themselves internal of the organization or by respective government regulations. However, with increasing usage of analytics in industries such as automobile, aerospace, clinical research, demand in the Research And Development (R&D) Analytics Market is poised to grow exponentially during the assessment period.

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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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Acrylic Boxes Market is projected to reach a valuation of US$ 224.8 Million in 2022

The global acrylic boxes market is anticipated to be valued at US$ 224.8 Million in 2022, forecast to grow at a CAGR of 4.7% to be valued at US$ 355.8 Million from 2022 to 2032. Growth is attributed to the growing demand for acrylic boxes in retail industry. During the forecast period, many local and unorganized players are expected to contribute to the growth of the acrylic display boxes market.

Acrylic boxes are a special type of rigid packaging boxes made up of acrylic. These boxes can be produced with transparent body. Transparent and lightweight features make them more attractive over other packaging boxes. These are used in displaying in jewelry shops, hotels, museums, cosmetic shops, aquarium fishing tanks, among others.

Acrylic display boxes can be customized according to the demand of customers on the basis of colors, shapes and designs. Acrylic display boxes are transparent, lightweight and cost effective which makes them an attractive alternative when compared to other packaging boxes.

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Market Competition

The market for acrylic boxes appears significantly consolidated, characterized by the presence of a select group of manufacturers. The primary expansion strategy relied upon by these players include introducing novel and innovative acrylic box designs customized for different industrial requirement. In addition, strategies such as acquiring small-scale players, collaborations and partnerships are also relied upon by these market players.

According to Future Market Insights, the following acrylic boxes manufacturers are active in the industry:

  • Linde & Larsen ApS,
  • WeProFab,
  • Hason Industries,
  • TurkishExporter,
  • Faberplast,
  • Gevacril,
  • Akrylix,
  • S.D Corporation,
  • Acrofab,
  • Advent Plastic,
  • WALGAS GROUP and
  • Clear Acrylic Display.
  • Linde & Larsen ApS is an important player in the acrylic boxes landscape. The company offers custom-made acrylic boxes for a broad range of end use industries. The company is Europe’s leading manufacturer of boxes and suitcases fitted with foam-based materials
  • Similarly, WeProFab is a professional acrylic box manufacturer. As an acrylic sheet box manufacturer, the company produces acrylic makeup organizers, acrylic display boxes, acrylic tank, acrylic cabinets, clear acrylic display boxes and more. The acrylic box is made from the finest and most durable acrylic materials. It has an excellent break-resistant and enduring construction that last longer. Every acrylic box comes with different types and box designs.

Which are the key drivers propelling the acrylic boxes market?
Acrylic display boxes are clear, lightweight, and inexpensive, making them an appealing alternative to other packaging boxes. During the analysis period, these qualities are likely to boost demand for acrylic display boxes across a variety of end-use sectors.Furthermore, storing products in acrylic display boxes increases product exposure, which leads to improved sales. This is another significant aspect that is expected to drive demand for acrylic boxes in retail and specialty businesses in the coming years.

Furthermore, as compared to glass, wood, or other packaging boxes, acrylic display boxes may be utilised in a wide temperature range and have higher weather resistance. Furthermore, expanding retail chains are projected to present profitable growth opportunities.

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Acrylic Boxes: Market Segmentation

The acrylic boxes packaging market is segmented into food & beverages, pharmaceuticals, homecare, personal care, cosmetics and others. On the basis of packaging design technology, the global acrylic boxes market is segmented into premium and non-premium acrylic boxes.

Premium acrylic boxes comes with inbuilt LED lighting, spinning and other features. These are used for packaging of precious and delicate products like jewelry items. Non premium acrylic boxes are used for storage or display of pharmaceuticals, cosmetics, food and beverages.

On the basis of material acrylic boxes are segmented into Injection molded acrylic and Hand-crafted acrylic. Injection molded acrylic can be manufactured with less labor and lower cost. Hand-crafted acrylic is used to make quality displays, which is more time consuming and therefore costs a little more.

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

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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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End-of-Line Packaging Market Size, Share & Trends – 2032 | Future Market Insights, Inc.

The end-of-line packaging market was valued at US$ 5.125 billion in 2022, and it is expected to grow at a CAGR of 4.3% to US$ 7.978 billion by 2032.

The growing adoption of end-of-line packaging to reduce packaging costs and improve packaging systems in various end-use industries is propelling the global end-of-line packaging market future trends.

The rapid adoption of automated end-of-line packaging in the industrial sector, as well as rising demand to automate manufacturing processes, will drive end-of-line packaging market expansion during the forecasted period. The rising packaged beverage consumption will fuel end-of-line packaging market key trends and opportunities.

Enhanced Workplace Environment

A significant factor driving demand for end-of-line packaging is the growing desire to improve workplace conditions through automation. A wide range of end industries are using this type of packaging system to reduce packaging costs and improve the packaging system in their units. It also helps to combat the changing need for customized packaging sizes and different package forms for different items boosting the end-of-line packaging adoption trends.

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End-of-line Packaging Market Landscape

  • ProMach, Inc.,
  • DS Smith plc,
  • Synerlink (A barry-Wehmiller Company),
  • Rovema GmbH,
  • Stevanato Group,
  • WestRock Company, and
  • Uhlmann Pac-Systeme

are the key players operating in the end-of-line packaging market.

Also, some of the other noticeable end-of-line packaging market players include

  • ENDFLEX,
  • Shemesh Automation Ltd,
  • OPTIMA packaging group GmbH,
  • INFINITY AUTOMATED SOLUTIONS PVT. LTD,
  • nVenia LLC, ADCO Manufacturing,
  • J+P Maschinenbau GmbH,
  • EOL Packaging Experts GmbH,
  • Hualian Machinery Group Co. Ltd.,

and others. The players in the tier 1 hold approximately 15-20% of the global end-to-line packaging market.

Industrial Robot System for E-Commerce and Retail Sector

The fast-growing e-commerce and retail sector are increasing the demand for end-of-line packaging along with better-packaged products in the market. The end-of-line packaging improves the efficiency of packaging and these are important factors that create valuable end-of-line packaging market opportunities for end-of-line packaging market growth.

Robot hands are quickly introduced into the packaging process to improve production efficiency. The robotic system in the package reduces physical tasks. Robot arms enable improved production efficiency, resulting in a high return on investment and low operating costs. Overall, the end-of-line packaging market growth is estimated to bolster during the forecast period.

Nullifies Human Errors

It also eliminates the need for companies to educate packaging personnel every time a new packaging technology is introduced. Furthermore, the end-of-line packaging system robot system eliminates manual tasks like palletizing, packing, and sorting, reduces the risk of product damage, and eliminates human errors, all of which have increased the appreciation of end-of-line packaging in manufacturing sectors.

Growing Acceptance in Pharmaceutical Industry

The pharmaceutical industry’s increasing adoption of advanced end-of-line packaging systems to improve product traceability in the supply chain will drive end-of-line packaging market growth.

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Key Takeaways from End-of-line Packaging Market

  • The automatic end-of-line packaging segment under technology is estimated to register a CAGR of 5.1% during the forecast period reaching USD 5.3 Billion by 2032 due to the reduced time and cost of labor with its use.
  • The food and beverage segment is expected to remain the leading end use sector. During the forecast period, the food and beverages segment is expected to grow at a CAGR of 6.0%.
  • Based on end use industry, the food & beverages segment is projected to hold around a 2/5th portion of the market by the end of 2032.
  • The food and beverages segment is expected to lead the end use sector of the end-of-line packaging market, reaching USD 3.119 billion by 2032.
  • The increasing end use industries and rising adoption of end-of-line packaging along with latest technologies in Europe and North America are anticipated to boost the sales of end-of-line packaging in these regions.
  • The U.S. end-of-line packaging market to have the highest market size of US$ 1308 Million for 2032 with a sluggish CAGR of 3.5%.
  • China end-of-line packaging market is expected to lead with the highest CAGR of 6.6% during the forecast period, reaching US$ 827 Million by 2032.
  • India end-of-line packaging market is expected to have the second highest CAGR of 5.2% for 2032, reaching US$ 577 million by 2032.

Automatic End of line Packaging are Gaining Immense Market Popularity across the Regions, Due to Increased Investments in Research & Development by Machinery Manufacturers Worldwide and Increased Demand for Various Packaging Products.” – says FMI analyst

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Recent Development:

The end-to-line packaging market witnessed two major acquisitions to strengthen the technologies:

ProMach will acquire Serpa Packaging, a leading provider of cartoning and end-of-line solutions, in 2021. Serpa joins ProMach’s portfolio of automated cartoning systems, significantly expanding ProMach’s specialised secondary packaging machinery and line integration capabilities for the rapidly growing pharmaceutical industry.

Duravant Group will acquire Cloud Packaging Solutions in 2020. Duravant also announced that, as a result of the synergies between Cloud’s product offerings and the portfolio of highly engineered equipment offered by Duravant operating company Mespack, Cloud Packaging Solutions will be renamed Mespack-Cloud, a Duravant Company.

End-of-line Packaging Market by Category

By Technology, End-of-line Packaging Market is segmented as:

  • Automatic
  • Semi-automatic

By Function, End-of-line Packaging Market is segmented as:

  • Stand-alone
  • Integrated

By End Use Industry, End-of-line Packaging Market is segmented as:

  • Food & Beverages
  • Pharmaceutical
  • Electronics and semiconductor
  • Automotive
  • Others (Chemicals, etc.)

By Region, End-of-line Packaging Market is segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

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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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Growth outlook for the Strip Pack Market is predicted to advance at a CAGR of 5.2% from 2022-to 2032

The global strip pack market is projected to secure a bearish CAGR of 5.2% during the forecast period, and attain a value of US$ 166.0 Mn by 2032. The current valuation of the market stands at US$ 275.7 Mn in 2022.

The strip pack machines ate gaining considerable adoption as they perform the operation of packaging pre-formed plastic packs, usually used for pharmaceutical tablets with unit dosage requirements. Although, lack of centralized purchasing can be identified as a key factor acting as a restraint in the global strip packs market.

Conversely, manufacturing strip packs in the form of bio-based plastics have been introduced into the market. This is opening new opportunities for companies in the market, and promoting a remarkable growth.

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Competitive Landscape

Take of Key Market Players in the Strip Pack Market

Recent Development

Manufacturers in the global strip pack market are deploying unique strategies to increase the prominence and maximum adoption of strip packs in the coming years.

Strategy 1: Plastic Free Alternatives

In 2019, IUV developed consumer habits and corporate responsibility by encouraging the strip pack and packaging sector to remove plastic from the supply chain and reduce environmental pollution. His strategy has further aided the efficient replacement of conventional material without quality loss and is complying with the bio-based materials regulations imposed by the government.

Strategy 2: End-To-End Automation

In 2019, Plexiform Packaging Services indulged in mergers and acquisitions to develop automotive packaging. For specific products, automotive packaging services are tailored, which in turn would improve the part protection, and reduce in-transit damages.

Global Strip Pack – Market Dynamics 

Global strip pack market is growing at a significant rate over the forecast period 2017-2025. The market for strip pack is basically driven by the expanding pharmaceutical industry as they are primarily used for packaging of tablets, pills and capsules. Strip packs are also gaining traction between the pharmaceutical packaging manufacturers due to the property of anti-counterfeiting. 

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In addition, the market for strip packs are also accelerating due to various value added features such as cost effective and affordable packaging solution. Furthermore, strip packs are also available in customized packaging solution for different customers. The rising demand for light weight packaging solutions for pharmaceutical products are also one of the factors which are positively increasing the demand in strip packs market. 

Nevertheless, the arrival of bio based plastics are opening new opportunities for companies which are manufacturing strip packs. Moreover, the market for strip pack is restricted due to unsuitability of strip pack for heavy products. Digital printing on strip packs is a key trend prevailing in the global strip pack market and is expected to contribute to the overall market growth.

Key Segments in The Strip Pack Market

By Type:

  • Plastic
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Others
  • Aluminum
  • Paper
  • Others

By End-User:

  • Medicines
  • Nutraceuticals
  • Powder & granules
  • Food
  • Others

By Region:

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

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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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Packaging Inserts Market is expected to reach US$ 3.5 Bn in 2032

The global packaging inserts market was estimated to be worth approximately US$ 2.1 billion, with a 4.0% year-on-year growth rate. Packaging inserts sales are expected to grow at a strong 4.5% CAGR throughout the projection period, reaching a valuation of US$ 3.5 billion by 2032. In 2021, the global packaging inserts market is expected to account for 7-9% of the global protective packaging industry, which is expected to be worth US$ 27 billion.

Plastic packing inserts are both flexible and long-lasting. Plastics, often known as polyethylene, are high density polymers used in package inserts that give exceptional strength and water resistance to reduce product damage.

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2015-2021 Packaging Inserts Market Historic Outlook Compared to 2022-2032 Forecast

Packaging inserts function as a cushion for packaged products. They are generally made up of paper and foam inserts perforated with various patterns mainly used to protect the product in transit. Demand for packaging inserts grew at a CAGR of 3.5% during the 2015-2021.

To cater for rising demand, industrialists are increasing their production capabilities. Demand for inserts in the voluminous industries such as food & beverages, automotive and cosmetics etc., is consistently growing. Considering various regions, sales of packaging inserts are expected to increase at a CAGR of 4.5% over the forecast period.

Furthermore, producers are developing acceptable materials and paper that are both ecologically friendly and long-lasting, resulting in a lower carbon footprint and a lower negative impact on the environment.

Which trends are driving packaging insert sales?
“High Demand for Appealing Packaging Solution to Increase Packaging Insert Sales”

Unpacking things with appealing inserts increases brand loyalty. Inserts in packaging provide value to the contents packed in the case. Decorative trays and foam sheets for branded products improve the brand image of the company. Personalized notes, product offers, discounts and coupons, gifts, and much more are included in the package insert. Adding more products boosts customer satisfaction. As a result, demand for package inserts is likely to rise significantly in the future years.

“Increased Use of Electrical and Electronics Drives Demand for Packaging Inserts”

Electronic products are packaged and transported with extreme caution since little objects might cause damage.

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Competitive Landscape

Key players operating in the global packaging inserts market use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.

Leading organisations also use new product creation as a strategic way to expand their market presence among customers. Advanced packaging inserts have been incorporated as a result of these tactics. Some of the recent developments in the market are as follows:

  • In June 2022, Mondi Group won the Retort pouch recyclable scoops Swiss Packaging Award, demonstrating packaging innovation and creativity. Packaging was developed in partnership with Hilcona, a European market leader.
  • In March 2022, DS Smithcreates cost-saving, e-commerce-compatible cardboard packaging for medical devices in the Asian market. The single-use plastic is used in the cardboard which is environment friendly.

Global Packaging Inserts Market by Category

Product Type:

  • Trays
  • End Caps
  • Sheets

Material:

  • Paper & Paperboard
  • Plastic
  • Foam
  • Molded fiber

End Use Industry:

  • Food & Beverages
  • Electrical & Electronics
  • Automotive
  • Healthcare
  • Industrial
  • Cosmetics

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

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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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports