Market Research Blog – Page 9736 – New Product Development

Ferric Sulphate and Polyferric Sulphate Market to Surpass US$ 526.7 Mn by 2022-2027, Says FMI

The demand for Ferric Sulphate and Polyferric Sulphate Market is expected to grow in the coming years owing to the industrial growth taking place worldwide and increase in water management regulations. This revelation is made by a new research report released by Future Market Insights.

The report titled ‘Ferric Sulphate and Polyferric Sulphate Market: Global Industry Analysis 2012–2021 and Opportunity Assessment 2022–2027’presents the complete market scenario of these iron based coagulants.

This comprehensive research study further highlights major factors impacting the growth of the ferric and polyferric sulphate market worldwide and also the most lucrative regional market. According to the key outcomes of this research on the ferric and polyferric sulphate market, the high rate of global industrialization is resulting in an increase in water contamination.

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With the increasing awareness in developing countries about water conservation and reuse, governments in these economies are enforcing stringent regulations for proper treatment of sludge. As a result, it has been made mandatory for industries to treat sludge before disposal. Ferric and polyferric sulphate works as a major water treatment chemical and growth in demand is expected to spur in the near future.

Municipal and Domestic to be Dominating End Use Sector

The Municipal & Domestic sector is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive market segment during the forecast period. This segment is expected to account for over 25% market share both in terms of value and volume during the forecast period.

This is a result of increasing efforts towards water conservation activities by industry bodies, municipal corporations and environmental associations. Various regulations have been formed by environmental agencies and government authorities, which aim to achieve water conservation and reduce water pollution.

Sludge treatment is an integral part of such activities. During the forecast period, new water and sludge treatment facilities are expected to come up across the globe, which is anticipated to drive the consumption of sludge treatment chemicals across respective regions.

With such trends prevailing in the world, the municipal and domestic sector is expected to reach a market value of over US$ 140 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.

APEJ and Latin America to Closely Compete in Terms of Growth Rate

Due to the expansion of key players and the presence of a large number of companies in the Chinese market, APEJ is expected to be the most attractive regional market for ferric and polyferric sulphate during the forecast period. APEJ is expected to witness the largest market size of over US$ 160 Mn by the end of 2027, growing at a CAGR of 5.3% during the forecast period.

Other than APEJ, Latin America and Eastern Europe are also expected to be lucrative regions with Latin America CAGR by Value 4.5%. This growth can be attributed to the rising demand for clean water in Brazil, Mexico and other parts of Latin America.

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Competitive Landscape

Some of the key players mentioned in the report are Pencco, Inc., Altivia Chemicals, LLC, Kemira Oyj, Chemifloc Limited, Hunan Yide Chemical Co.,Ltd., Lubon Industry Co.,Ltd., Chemtrade Logistics Inc.,, Clinty Chemicals, Henan Aierfuke Co. Ltd., BAUMINAS Group, Airedale Chemical etc.

Ferric sulphate and polyferric sulphateMarket by Category

By Product Type:

Ferric Sulphate
Poly Ferric Sulphate

By End Use:

Municipal & Domestic
Power Generation
Oil & Gas
Chemicals
Mineral & Metallurgy
Food & Beverages
Pulp & Paper
Others

What was the Impact of COVID-19 Crisis on Global Market of Ferric sulphate and polyferric sulphate?

The unprecedented outbreak of the SARS-COV-2 virus in the year 2020 has significantly impacted the global economy as well as affecting the industrial sector. Decrease in demand from the consumers and low production rate of the manufacturing sector has resulted in lower demand for a product. All these have significantly impacted the supply chain network overall impacting the economic growth.

Low growth in the industrial sector of chemicals, oil & gas, paper and pulp, minerals & metallurgy and others have significantly impacted the business of iron sulphate compounds during the pandemic crisis. However, with the recovery of the economy and improving industrial sector have enhances the demand of sulphates of iron.

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Frequently Asked Questions

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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 5-years.

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Sulphur Bentonite Market will Reach a Value of US$ 279.7 Mn by 2022-2029 at a CAGR of 5.0% | FMI

A new market research report by Future Market Insights (FMI) on the sulphur bentonite market forecasts a promising growth outlook for the market during the decade-old period of projection. Demand from China would account for nearly 50% of total market value towards the end of 2029.

Up from the global market value of US$ 188 Mn attained in 2021, sales of sulphur bentonite will observe promising growth during the forecast period, 2022 – 2029. The report opines that market growth will be primarily driven by rapid growth in demand for increased crop yield. Application will be promising in oilseeds, fruits and vegetables, cereals, pulses, crops, lawns, turf, and trees.

With cultivating land soils facing continued sulphur deficiency, it is likely that sulphur bentonite consumption will be on an upward trend through the foreseeable future. The progressing local and foreign investment scenario in agriculture will also fuel the growth of sulphur bentonite market.

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Key Takeaways – Sulphur Bentonite Market

Sulphur bentonite remains among the most intense sulphur carriers that helps in boosting crop yield and field productivity.
Sulphur bentonite is widely used as a fertilizer for numerous crops, cereals, vegetables such as oil seeds, rice, corn, onion, and citrus fruits.
Growing concerns regarding balanced plant nutrition and a significant increase in production and crop yield with the use of sulphur bentonite are projected to create traction in the market.
Asia Pacific (APAC) will hold a significant value share in global sulphur bentonite market, owing to the large agricultural base in the region.
China’s supremacy would further continue to solidify the position of APAC as an attractive market.

Oilseeds to Remain Key Application Area

Based on the market analysis by application, oilseeds are projected to hold significant value share in global sulphur bentonite market. The use of sulphur bentonite as a fertilizer for oilseeds such as rapeseed, soybean, groundnuts, and sunflower will see significant growth over the forecast period.

This can be attributed to the increase in crop yield and oil content with the use of such fertilizers. However, the cereals, pulses, and crops segment is estimated to experience lucrative growth opportunities in the market.

The fruits and vegetables segment is estimated to grow at a high CAGR. The growing production of fruits and vegetables such as onion, garlic, ginger, and citrus fruits in the region is also projected to drive the market demand. Applications such as lawns, turfs, trees, and others are projected to remain niche application segments.

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Sulphur Bentonite Market – Key Vendor Insights

The report presents some of the key market players, who are known as leaders in the global sulphur bentonite market. Some of the prominent players operating in the global sulphur bentonite market are: –

Tiger-Sul Inc., National Fertilizer Limited, NEAIS, Coromandel International Limited, Sohar Sulphur L.L.C, Deepak Fertilizers and Petrochemicals, Coogee Chemicals Pty Ltd., H Sulphur Corp, Galaxy Sulfur, LLC, Montana Sulphur & Chemical Co., Zafaran Industrial Group Company, ABU DHABI FERTILIZER INDUSTRIES CO. W.L.L., and Devco Australia.

Sulphur Bentonite Markey by Category

By Application:

Oilseeds
Cereals, Pulses, and Crops
Fruits and Vegetables
Lawn, Turfs, Trees and Others

What was the Impact of COVID-19 Crisis on Sulphur Bentonite Market?

The impact of the COVID-19 pandemic on the chemical and materials industries was moderate. Several production facilities in many countries were entirely shut down because of the lockdown, which had a direct impact on sales of sulphur bentonite. However, the pandemic led to a severe increase in demand for crops, vegetables, and other food-source plants.

This increase ensures that in order to maintain the high quality of food produced, the plant and crop sources are adequately supplied with the necessary nutrients. Hence, this saved the sulphur bentonite market from a greater drop.

As numerous production facilities have reopened, the industry is progressively rebounding from losses, resulting in positive sales prospects in the sulphur bentonite market. Increasing prospects of sulphur bentonite in oilseed applications are also expected to boost demand for the chemical in the forthcoming years.

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Potassium Carbonate Market Size, Share & Growth Report for 2031

Future Market Insights’ (FMI’s) recent study uncovers hidden growth opportunities in the global potassium carbonate market. It offers in-depth insights into factors enabling expansion across various segments in terms of product form, and end use.

As per a study published by FMI, the global potassium carbonate market is poised to reach US$ 1.9 billion in 2021. Surging demand from industries such as consumer goods, agrochemical, and homecare is estimated to boost potassium carbonate demand. On account of this, the market is anticipated to surpass US$ 2.9 billion by the end of 2031.

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Historically, the sales grew at a CAGR of 2% in the last few years due to the outbreak of the COVID-19. Growing usage of potassium carbonate in the production of personal care products, water treatment, and fire suppression products is fuelling the demand in the market. Driven by this, the sales of potassium carbonate are projected to expand at a CAGR of 4.4% during the forecast period 2021-2031.

Potassium carbonate is extensively used as a flux in the manufacturing of glass as it increases the transparency, resistance, and refractive coefficient of glass to provide excellent clarity. Increasing demand for glass products such windows across building & construction and automotive industries is expected to create lucrative growth opportunities for the market.

As per FMI, North America is expected to dominate the global market, growing at a CAGR of 4% through 2031. Rising sales of packaged food & beverage products such as chocolates, bakery products, and dried fruit in U.S. and Canada are driving the sales of potassium carbonate in the region.

“Rising application of potassium carbonate in the agrochemical industry, coupled with the government initiatives implemented to boost agricultural production, is expected to augment the growth of the market,” says the FMI analyst.

Key Takeaways from Potassium Carbonate Market Study

• Favored by the surging demand from the chemical industry in the U.S., the sales in the country are expected to rise at 3.8% year-on-year (YoY) in 2021.

• The market in India is estimated to witness a swift growth, exhibiting 5% YoY in 2021.

• China is projected to emerge as the fastest growing market in East Asia, expanding at a CAGR of 5.1% over the assessment period.

• South Korea and Japan are forecast to account for nearly 13.2% and 17.6% of the global revenue share, respectively, by the end of the coming decade.

• In terms of form, powder form of potassium carbonate is anticipated to register increasing demand, exhibiting 4.2% YoY growth in 2021.

Competitive Landscape

The top manufacturers in the global potassium carbonate market are Oxy (Occidental Petroleum Corporation), Evonik, Zheijang Juhua Co. Ltd., AGC Chemicals and Armand Products. These companies are projected to account for nearly 58% of the total sales, as per FMI.

Leading players are increasingly investing in expanding their production capacity to meet the demand from various industries. Some of the players are aiming at strategic collaboration, joint venture, mergers and acquisitions to increasing their market share. For instance,

• In July 2021, Vynova, a leading Chlor-alkali and Polyvinyl chloride (PVC) manufacturer based in Belgium, announced to set a new manufacturing facility in Belgium to expand its production capacity and strengthen its footprint in Europe market.

Some of the key players operating in the market profiled by FMI are:

• Evonik Industries AG
• UNID GLOBAL Corporation
• Oxy (Occidental Petroleum Corporation)
• Gujarat Alkalies and Chemicals Limited
• Vynova Group
• AGC Chemicals
• JSC Pikalevskaya Soda
• Esseco Group
• Shanghai Wentong Chemicals Co., Ltd.
• Foodchem International Corporation
• Shanxi Guangyuan Fertilizer Co., Ltd.
• Armand products
• Zhejiang Dayang
• Zhejiang Juhua Co., Ltd.
• Hebei Xinjichemical

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More Valuable Insights on Potassium Carbonate Market

By Product Form:
• Granules
• Powder

By End Use:
• Soaps, Detergents & Cleaning Products
• Agrochemicals
• Food & Beverage Processing
• Personal Care Products
• Glass
• Dyes & Inks
• Fire Suppression Products
• Water Treatment
• Others

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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Key Questions Covered in the Report

• The report offers insight into potassium carbonate market demand outlook for the forecast period 2021-2031

• The market study also highlights projected sales growth for potassium carbonate market between 2021 and 2031

• Potassium carbonate market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

• Potassium carbonate market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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Lactic Acid Esters Market is Expected to Reach a valuation of USD 410 Million in 2027 | Future Market Insights

The comprehensive research study portrays a realistic picture of the global lactic acid esters market by including a weighted market segmentation along with forecast projections from 2017 till 2027, a period of 10 years. The report covers the impact of factors that change from region to region thus changing the scenario of the lactic acid esters market in that particular region.

This gives a brief idea about the market potential for lactic acid esters in various regions that the reader can use to plan future expansion. Analytical research report published by Future Market Insights covers various aspects of the global market for lactic acid esters.

The report reveals analysis on end use industries using lactic acid esters for various applications. It lays emphasis on opportunities for growth in the lactic acid esters market along with key factors pushing the growth of the global market. The various facets of the global market across important geographies are monitored.

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Global Lactic Acid Esters Market: Competitive Assessment

The research report on global lactic acid esters market covers analysis on various key players operating in the market. The list includes major companies such as Stepan Company, Merck KGaA, Galactic, Corbion N.V, GODAVARI BIOREFINERIES LTD., Cellulac, Henan Jindan Lactic Acid Technology Co., Ltd., Musashino Chemical Laboratory, Ltd., Zhengzhou Tianrun Lactic Acid Co., Ltd., Shenzhen Esun Industrial Co., Ltd., QINGDAO ABEL TECHNOLOGY CO.,LTD., Yancheng Huade Biological Engineering Co.,Ltd., and Vetrtec Biosolvents Inc.

Global Lactic Acid Esters Market: Forecast Analysis

According to this research report, the global lactic acid esters market is expected to reach an estimate of around US$ 410 Mn by the end of the year of forecast, 2027, from a valuation of about US$ 209 Mn in 2017. The global market for lactic acid esters is projected to grow at a value CAGR of 6.9% during the period of assessment.

Global Lactic Acid Esters Market: Segmental Snapshot

The global lactic acid esters market is segmented on the basis of product type, application and region.

With respect to product type, ethyl acetate is expected to show high adoption across industries in the coming years. The ethyl acetate segment is projected to be the largest with a market share in excess of 65% during the forecast period, consequently leading the global market.
By application, the electronics and food and beverage segments are expected to largely contribute to the revenue growth of the global market for lactic acid esters in the coming years. Of these, the electronics segment is poised to show a much higher market value.
By region, North America is the largest reflecting a high market attractiveness. However, the lactic acid esters market in Asia Pacific excluding Japan (APEJ) region is expected to grow at a higher rate during the forecast period.

Global Lactic Acid Esters Market: Dynamics Influencing Growth

Higher inclination towards use of green solvents in various industries, growing electronics sector across the globe, market consolidation and expansion, favorable government policies, rising food and beverage sector, availability of technologically advanced infrastructure, increasing focus on value added products coupled with favourable FDI policies, availability of natural feedstock and growth in personal care sector are expected to contribute to the growth of the global lactic acid esters market.

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Market Segmentation

By Product Type:

Ethyl Lactate
Methyl Lactate
Butyl Lactate
Others

By Application:

Electronics
Paints & Inks
Agrochemicals
Pharmaceuticals
Food & Beverages
Others

Lactic acid esters adoption scenario in the agrochemicals and pharmaceutical sectors during 2017-2027

Lactic acid esters are finding increased use in agrochemicals and pharmaceuticals. In agrochemicals they are used to produce environment friendly insecticides and pesticides. In the pharmaceutical sector, lactic acid esters are used in manufacturing ointments and medicines.

The agrochemical segment is expected to show increased adoption of lactic acid esters as compared to pharmaceutical segment, and is poised to grow at a comparatively higher rate during the forecast period. However, the use of lactic acid esters has been prominent since past years in the pharmaceutical sector, which makes this segment a significantly larger with respect to valuation than the agrochemical segment.

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Conductive Polymer Coatings Market Is Expected To See a growth of 9.3% | Future Market Insights

The conductive polymer coatings market is projected to grow at an impressive pace with a CAGR of 9.3% during 2022-2032. Widespread use of conductive polymer coatings for corrosion protection and industrial coatings are dominant factors contributing to the market growth.

Increased demand for conductive polymer coatings can be seen in the electrical and electronics industries due to its multipurpose use in computer flat screen displays, personal digital assistants, mobile phones and other screens. These properties are projected to bolster sales in the conductive polymer coatings market.

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Key Takeaways

Its use as an anti-corrosive agent in the electronic engineering field is an ever-growing revenue channel for the conductive polymer coatings market.
The electrical properties such as high electrical conductivity and customization for organic synthesis methods are some of the properties of conductive polymer coatings that are responsible for driving growth in the market.
The major advantage it offers is processability through dispersions. These coatings are made up of some basic polymers such as polyaniline, polypyrene and polyacetylene.
Due to diverse applications of conductive polymer coatings, it has been preferred by every industry. These properties include sensors, optical & electronic materials, actuators, biosensors, super-capacitors, bio-implants and corrosion protection for electrical energy storage.
The drastic replacement of metal and other conductive compounds with conductive polymer coatings from the electrical & electronics industry is expected to drive the market.
With rising disposable income and modernization, demand for electronics has increased tremendously which in turn is expected to drive market growth for conductive polymer coatings.
Asia Pacificregion is projected to lead the global conductive polymer coatings market, accounting for a significant market share.

Competitive Landscape

Heraeus
The Lubrizol Corporation
The Dow Chemical Company
Crosslink
ITEK
Henkel Electronics
NanoMarkets LLC.
IDTech EX
Voltaic Coatings
CBI Polymers Inc.
AnCatt

The major international companies in the global conductive polymer coatings market have shifted their manufacturing bases to China for low production costs, and the consumption of these coatings has increased. However, conductive polymer coatings manufacturers are not concentrated in this region.

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More Insights into the Conductive Polymer Coatings Market

The Asia Pacific region is predicted to dominate the global conductive polymer coatings market during the forecast years at an unprecedented rate.

Owing to the rising demand for electronics products and reduced production costs, leading manufacturers are shifting their bases in China accounting for global market share.

In terms of consumption, the North American region gains maximum traction over the projected years. Owing to demand from optical and electrical applications conductive polymer coatings market is expected to show a moderate growth rate.

The European region is anticipated to attract the highest growth rate in comparison to other regions during the forecast years owing to the surging demands for conductive polymer coatings.

Fast-paced research and development activities combined with technological advancements in the field of nano-chemistry and optical chemistry are expected to provide opportunities for the players in this market.

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Conductive Polymer Coatings Market Key Segments

By Application

Sensors
Fuel Cells
Cell phone
Displays
Touch panel
Solid State Lighting
Displays
Capacitors
Batteries
Photovoltaic Cells

By End-use Industry

Solar industry
Automotive & Locomotive Industry
Electrical & Electronics industries
Smart textiles

By Region

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

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Cholesteryl Isostearate Market Is Expected to reach US$ 40.97 billion by 2032

The cholesteryl isostearate market is projected to grow at a CAGR of 8% over the course of the forecast period, from a market share of US$ 17.57 billion in 2021 to US$ 40.97 billion in 2032. Due to the rising usage of personal care and grooming products across all demographics worldwide, cholesteryl isostearate is in high demand.

Cholesteryl Isostearate is an ester of cholesteryl and isostearic acid, having molecular formulae – C45H80O2. It is available in liquid crystal blends and which is helping to boost the visual impact of a product as well as the moisturizing capacity of cosmetic formulations, especially in skin care products. Primary applications of cholesteryl isostearate are – it acts as condition agent, emollient, viscosity controlling agent, and among others. Alternative names of cholesteryl isostearate are cholest-5-en-3-ol, isooctadecanoate; cholesterol ester isostearic acid; cholesterol isostearate; isooctadecanoate cholest-5-en-3-ol; isostearic acid, etc.

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Cholesteryl Isostearate is used as an emulsifier in skincare products, hair care products, eye and face makeup formulations at a concentration up to 5%, with the majority of cosmetic products having a cholesteryl isostearate content 0.1 – 1%. However, the huge volume of cholesteryl isostearate create negative impact on human health and their release in the environment causes on the ecological problems. Attributing to this, there are concerns regarding the hazardous effects of cholesteryl isostearate. For instance, the U.S. federal agency – Food and Drug Administration (FDA) regulated a regulation on the formulators (such as cholesteryl isostearate) and their concentration in cosmetic products in the Code of Federal Regulations (21 CFR 720.4).

Global Cholesteryl Isostearate Market: Dynamics

Since the global cosmetic industry has been showing a healthy growth rate. Globalization increasing consumption of personal care and grooming products across all demographics in the globe are considered to boost the market over the forthcoming year. The rapidly growing demand for cosmetics and personal care products is also attracting additional investments in new product/ variant development, thereby driving the global cholesteryl isostearate market in the near future.

The market growth is driven by increasing consumer preferences for products with better functional benefits. This growing demand is leading to the development of high-end specialty active ingredients – cholesteryl isostearate. Furthermore, innovation and sustainability initiatives are anticipated to be major factors responsible for competitiveness in the global cholesteryl isostearate market. Conversely, the increasingly stringent regulations on the cholesteryl isostearate and fluctuations in raw material prices will hamper the growth of cholesteryl isostearate market over the forecast period i.e. 2022-2032.

Global Cholesteryl Isostearate Market: Regional Outlook

The consumption rate of cholesteryl isostearate depends upon the number of cosmetics manufacturing units operating in a particular region. The Latin American market has huge growth potential due to changing competitive landscape and recent cosmetic market developments across the region. Thereby, global cholesteryl isostearate market anticipated growing at a significant growth rate in Latin America market

Based on recent trends, the global cholesteryl isostearate market is forecasted to witness significant growth, especially in the Asia Pacific region. Growing population and urbanization in the Asia Pacific region, and increased per capita consumption will help to capture prominence in global cholesterol isostearate market. Furthermore, developed markets such as Europe and North America are emphasizing towards the modern lifestyle will help to create opportunities for cholesteryl isostearate manufactures in these regions

Global Cholesteryl Isostearate Market: Industry Participants

Global cholesteryl isostearate market has relatively less manufactures across the globe. Key players are holding more than half of the market share in the global cholesteryl isostearate market. Few players are identified across the value chain of global cholesteryl isostearate market which is – Chemi-Navi, Alfa Chemistry, Nikko Chemicals Co., Ltd., Kao Chemicals, Santa Cruz Biotechnology, Inc., C/D/N ISOTOPES INC., Corden Pharma, Double Check Vegan, Merck KGaA, and among others

The global cholesteryl isostearate research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global cholesteryl isostearate market also contains projections using a suitable set of assumptions and methodologies.

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Key Segments Profiled in the Cholesteryl Isostearate Market Survey

By Application:

Conditioning Agent
Emollients
Viscosity Controlling Agent
Others

By Region:

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

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Content Delivery Network (CDN) Market to be Worth US$ 84.1 Bn by 2030, Get Insights FMI

The Content Delivery Network Market is projected to reach a valuation of US$ 19.6 Bn in 2022 and US$ 84.1 Bn by 2030, likely to surge at a vigorous 20% CAGR from 2022 to 2030.

Also, the prospects of the industry through 2030 are very positive, according to Future Market Insights (FMI). The report has stated that the industry will benefit from improvements in networking technology and the growing popularity of OTT content. Analysts at FMI have said that software-as-a-service delivery network services will contributes substantially to the overall revenue, for media, entertainment and healthcare applications. Poor networking infrastructure in rural areas is a major challenge.

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The content delivery network industry has reflected exponential growth in the recent past account of major advances in networking technology, and the widespread penetration of the internet even in developing countries. Further, businesses have increased demand for outsourcing of content, management and distribution of media services, bolstering the speed of access to potential consumers.

While revenue from content delivery network services has soared, the high levels of competitiveness industry have reduced profit margins. Also, scalability remains an issue in terms of data storage, and mobile and dynamic content.

The report by FMI offers an exhaustive overview, covering critical market dynamics. Some of the major takeaways from the study include:

Market was valued at US$ 11.5 Bn in 2019, with demand rising sharply, with the coronavirus outbreak generating major growth opportunities
Software-as-a-service content delivery networks remain in high demand, with the sales of individual modules expected to surpass that of bundled suites by 2030, owing to customized needs for CDN delivery processes
Media distribution applications of content delivery network witness higher growth than software distribution and website caching owing to unprecedented demand for on demand media consumption
North America remains a major market growth, supported by demand for video content and digitization of organization data. On the other hand, East Asia is generating lucrative growth opportunities with major investments in technology enhancements in the region

Covid-19 Impact on Content Delivery Network Market

With fears over the rapid spread of the coronavirus, businesses and educational organizations around the world are encouraging alternative plans to operate including work from home and distance learning strategies.

The rapid expansion of videoconferencing, e-learning, and online messaging has resulted in increased internet traffic. Also, with people increasingly staying home the consumption of OTT content has soared during the pandemic.

Content delivery network players are increasingly being used for last mile network optimization, by keeping internet traffic at a local level. Players are considering sharing traffic statistics on vertical, country, or industry levels, which will help aid operations for the short term.

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Who is Winning?

In the study, FMI has assessed the varying business strategies being used by major companies in the content delivery network market. Leading players are deploying multiple strategies including investing in technology development, strategic mergers and acquisitions, and introduction of new offerings in the industry.

Some of the key players in the market include Akamai Technologies Inc., Deutsche Telekom AG, CloudFlare Inc., AT&T, Amazon Inc., Orange S.A., Microsoft Corporation, CDNetworks Co. Ltd., CenturyLink, and Verizon Digital Media Services.

More Insights

Future Market Insights, has provided a in-depth analysis of the global content delivery network market, covering information on historic demand and forecast data for the years between 2022 and 2030. The market study also provides detailed assessment of product pricing through varying market dynamics, life cycle analysis and new technologies that find roles in the production of content delivery networks and adoption in different demographics.

Content Delivery Network Industry Survey By Category

Content Delivery Network Market by Service:

Designing, Testing, and Deployment
Software-as-a-Service
Managed Services
Consulting Services

Content Delivery Network Market by Application:

Media Distribution/Delivery
Software Distribution/Delivery
Website Caching
Others

Content Delivery Network Market by Vertical:

Media & Entertainment
e-Commerce
IT & Telecom
Healthcare
Government
Advertisement
Others

Content Delivery Network Market by Service Provider:

Telecom CDNs
Conventional CDNs
Others

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Content Delivery Network Market by Region:

North America Content Delivery Network Market
Latin America Content Delivery Network Market
Europe Content Delivery Network Market
East Asia Content Delivery Network Market
South Asia & Pacific Content Delivery Network Market
Middle East & Africa (MEA) Content Delivery Network Market

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Electronic Medical Records (EMR) Market : Top Trends and Industry Overview to Watch for in 2031

Future Market Insights (FMI) in its latest market report states that electronic medical records (EMR) market is poised to expand at 7.8% CAGR through the forecast period 2021-2031. The EMR market experienced significant growth in 2021 due to pandemics and an advanced limitations on the healthcare system.

The EMR market registered a 5.5% year-on-year growth rate in 2021 and is estimated to surpass the valuation of US$ 21.5 Billion by the end of 2021. Increasing government support for the implementation of EMR in the U.S. under the Health Information Technology for Economic and Clinical Health (HITECH) Act is acting as a key factor driving the demand for EMR in the region.

Also, steps taken by various governments to encourage digital transformation in healthcare will bode well for the market. EMR deployment will therefore rise as policies are implemented to health healthcare systems go paperless by completely digitizing the medical records.

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In June 2021, under government of U.K., NHS Digital’s Terminology Server went live enabling the healthcare IT system to collaborate with multiple healthcare facilities while transitioning medical reports and data.

Surge in number of ailments in children and infants and rising necessity to create reliable appointment charts for children and parenting will accelerate the demand for EMR. Increasing incorporation of EMR at various phases of clinical trials and use of web applications in EMR management will drive the market for electronic medical records (EMR).

However, high cost of digitizing EMR is a growing concern as it increases healthcare cost. Rising government funding and increasing spending power of customers will boost the market growth.

Key Takeaways from FMI’s Electronic Medical Records (EMR) Market Study

North America electronic medical records (EMR) market is forecast to grow at 8.2% CAGR during the assessment period backed by stringent data protection laws, favorable insurance policies and thriving healthcare industry in U.S. and Canada.
Due to rising demand for better patient experience and digitization of medical records in U.K and Germany, Europe EMR market will expand at 7.5% CAGR during the forecast period.
Australia is forecast to exhibit tremendous growth owing to increased government spending on integrating artificial intelligence with electronic health report solutions and development of unified EMR service for easy access of patient’s medical details from anywhere in the country.
Japan is estimated to account for 31.5% of East Asia market share as of 2021. Increasing economic development and rising population will create lucrative opportunities for growth in East Asia.
Service based EMR are expected to showcase elevated demand and is forecast to hold more than 60.12% of global EMR market share throughout the assessment period.
The clinical segment of end use will experience tremendous and is expected to account for more than 27% of global market share by the end of 2031.

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Who is Winning?

FMI identifies Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare Solutions Inc., GE Healthcare, McKesson Corporation, and NextGen Healthcare as the top EMR market players. They hold around 65% of global market share.

Market players are forming strategic partnership, merger, and acquisition to accelerate product development and strengthen their position in this high competitive market,

They are also involved in performing extensive research and development for product portfolio expansion. They are also working towards developing low cost EMR services to penetrate emerging economies.

MEDITECH launched a new genomic electronic medical and health record solutions in March 2021. The company claims that the new service will enhance the effectiveness of precision medicines by assisting user in handling complex genomic data.

In May 2021, Physician’s Computer Company (PCC) partnered with the Comprehensive Health and Decision Information System (CHADIS) with the aim to reduce hassle while accessing screenings for concerns like asthma, ADHD, depression, and even parenting.

Key Segments Covered in Electronic medical records (EMR) Market Study

By Product

Hospital
Ambulatory

By End Use

Hospitals
General Physician Clinics
Specialised Clinics
Ambulatory Surgical Centres

By Components

Software
Services

By Delivery Mode

Client Server Setups
Cloud-based Setups
Hybrid Setups

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Region

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

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Parking Meter Apps Market is Anticipated to Reach a Worth of US$ 358 Million by the end of 2032 | FMI

Global Parking Meter Apps Market was valued at US$ 73.8 Mn in 2022 and is expected to reach US$ 358 Mn by 2032, find Future Market Insights (FMI) in a recent market survey. The market is a projected CAGR of 17.1% during 2022 – 2032. As per the findings of the report, individual users, among other End Users will garner significant demand in the market as the bulk of revenue will be generated through them. Revenue through individual users grew at a CAGR of 18.7% during 2017 – 2021.

However, businesses are increasingly deploying the parking meter app solutions for the ease of employees, and are expected to contribute a large share in the market.

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Increasing in number of vehicles on roads boosts the Global Demand for Parking Meter Apps

With the increasing number of vehicles on the road, the pandemic has increased the need for contactless parking payment solutions and raised the relevance of digital payments in parking meter apps, providing greater growth opportunities for the market players in parking meter apps. Although, these apps have made parking easier for the users leading to the growth of the global Parking Meter Apps Market, the high construction costs required for maintenance and providing parking space results in high operating costs, slowing the growth of the global Parking Meter Apps Market in the developing nations.

The US Continues being the Largest Revenue Stream for Parking Meter Apps Market

The United States has the largest market for Parking Meter Apps, which is projected to reach a valuation of US$ 121.5 Mn by 2032. From 2017 to 2021, the market in the US grew at a CAGR of 18.4%. Between 2022 and 2032, the US is expected to be a market with a US$ 94.7 Mn absolute dollar opportunity.

Most of the key cities offer parking payment apps, according to the parking and transport ticketing company Flowbird. Services like ParkWhiz, SpotHero, and Parking Panda offer reservations for parking spots in the key US cities. In many cities in the US, there are also valet apps such as Luxe, Zwayo, SpotLight Parking and Veer, to make the process more accessible.

“The addition of advanced features, such as auto-payment options and voice guidance enabled through smartphone apps, are likely to drive the demand for more innovative solutions in Parking Meter Apps.” comments an analyst at Future Market Insights.

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Parking Meter Apps Market: Competition Insights

The Parking Meter App Market is getting quite competitive recently. Some of the key players of the industry are IEM SA, INRIX, Inc., ParkMate, Parkopedia, Arrive (ParkWhiz), ParkMobile, LLC, PASSPORT LABS, INC., Flowbird, PayByPhone, EasyPark, Parking Panda, Streetline, BestParking, Waze, HONK, JustPark, and Telpark.

Some of the key developments in the parking meter apps market include the following:

In May 2021, three separate smartphone apps will be made accessible by the Public Parking Authority of Pittsburgh so that cars can pay for parking time. In order to provide users with more mobile app options than only the Go Mobile PGH app powered by Parkmobile, the Flowbird and Meter Feeder apps will soon be offered as payment options.

In February 2021, Denver launched a new parking meter app that allows contactless payments and time extensions within the specified limits. The app sends users a text notification when their parking session is about to expire, which can assist individuals to avoid receiving parking citations. Without having to go back to the parking meter, people may use the app to add money and extend their parking within the allotted time.

In February 2021, a new web app from ParkMobile that enables users to instantly pay for parking on a mobile web browser has been developed. For those who wish to pay for parking contactless but do not want to download a feature-rich mobile app, ParkMobile is offering another choice with this online app.

In February 2020 The Memphis Area Transit Authority (MATA) in the United States has contracted Amco S.A. to build an automated parking fare collection system.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Parking Meter Apps Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Parking Meter Apps Market by Platform (Android and iOS); and by End User (Personal and Businesses), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In Parking Meter Apps Market Survey

Parking Meter Apps Market by Platform:

Android
iOS

Parking Meter Apps Market by End User:

Personal
Businesses

Parking Meter Apps Market by Region:

North America
Europe
APAC
MEA
Latin America

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Bot Services Market is Predicted to Grow at a CAGR of Over 27.1% During 2022 – 2032 | FMI

The Bot Services revenues were estimated at US$ 1.2 Bn in 2021 and is anticipated to grow at a CAGR of 27.4% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 18 Bn.

In order to cut expenses, several organizations are automating their repetitive and time-consuming tasks. In order to significantly cut expenses, businesses are primarily focusing on automating customer service and sales. Artificial intelligence-enabled chat bots are becoming more prevalent. Businesses will save a large amount of money by implementing chat bots to automate parts of customer care and sales while significantly reducing labor costs.

Bots are pre-programmed chat interfaces that let users communicate with them on websites. Users of websites can get assistance from chat bots by getting the information they need, whilst interactive bots can turn visitors into buyers. Chat bots employ artificial intelligence to process language and interact with users. Several chat bots have been installed for messaging platforms including Skype, Facebook, Slack, and other important social media networking sites.

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By directly connecting the payment gateways with the assistant, chat bot developers can use these messaging systems for payment services. The potential to make modest commission fees is one of the market’s best opportunities. Chat bots are widely used in digital marketing to tell current clients about new products and services since they enable direct client communication.

Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Bot Services market are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their Bot Services market share.

Some of the recent developments of key Bot Services providers are as follows:

In June 2022, Alvaria CX Suite, launched its first native product. This product line combines Noble Contact Center, Unified IP/Advanced List Management from Aspect, and voice solutions. Self-service, multichannel, fraud detection tools and compliant outreach round out the CX Suite.
In November 2021, Baidu unveiled the PLATO-XL artificial intelligence model for conversation generation. More than one billion social media conversations, both in English and Chinese, were used to train it. PLATO-XL performs at the cutting edge on a number of conversational benchmarks, outperforming currently available commercial chat bots.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Bot Services Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Bot Services in terms Service (Framework, Platform) Mode Of Channel (Website, Contact Centers, Social Media, Mobile Applications) Enterprise Size (Large Enterprises, Small & Medium Enterprises) By Business Function (Sales & Marketing, Human Resource (HR), Finance, Supply Chain & Logistics, Information Technology (IT), Customer Engagement & Retention, Workforce Management, Agent Performance Management, Content Management, Appointment Scheduling, Employee Onboarding, Other Applications) Deployment Mode (On-premises, Cloud) Organization Size ( Large Enterprises, SMEs) Verticals (BFSI, Retail & eCommerce, Healthcare & Life Sciences, Media & Entertainment, Travel & Hospitality, IT & Telecom, Government, Other Verticals) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Bot Services Market Segmentation

By Service: