Market Research Blog – Page 9782 – New Product Development

Sports and Athletic Insoles Market is Likely to Surge at a Vigorous 7% CAGR in 2031 | FMI

The sports and athletic insole market forecast the market to register a year-on-year growth rate of 6.2% in 2021. As per the FMI analysis, the sports & athletic insoles market size will surpass US$ 7,735.7 Mn in 2021.

While the rise of the older population will generate key opportunities for growth, a high turnover of sport insole inventory will limit profits and growth for manufacturers.

To optimize market opportunities, vendors are more likely to focus on the growth prospects of fast-growing segments, while consolidating their positions in others.

“A growing number of people have begun taking part in sports or physical activities like walking, running, jogging, and hiking to improve fitness and productivity. Supportive insoles can help in minimizing injuries, correct alignment of joints, limbs, ligaments, and muscle in addition to improving body part functions,” says the FMI study.

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Sports and Athletic Insole Market – Important Takeaways

Silicone-based insole products account for major market share on the back of cost and superior shock absorption characteristics.
Indirect online sales channels are reflecting a high growth rate supported by wider product access and discounts for consumers.
North America, led by the United States is leading market for sports and athletic insoles aided by relatively higher investments towards R&D and tech advancements.

Sports and Athletic Insole Market – Driving Factors

The growing adoption of custom-made pre-fabricated insoles for sports applications is creating key growth opportunities.
Favorable reimbursement policies in terms of insoles for preventive and curative healthcare drive demand.

Sports and Athletic Insole Market – Leading Constraints

Higher costs associated with sports and athletic insole in comparison to conventional products is a key obstacle to adoption.
Potential side effects of foot pain over long-duration use is a major challenge hurting the prospects of sales.

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Expected Impact on Market by Coronavirus Outbreak

The global pandemic of the covid-19 virus has moderately impacted operations for players in the sports and athletic insole market. Global concerns over viral transmission, and lockdown restrictions on outdoor activities following the outbreak has hurt the demand for sports and athletic insoles.

Further, supply chains have been impacted during the pandemic, and the shortage of labor during the crisis period, are key factors that are likely to impact the market in the short term. However, higher levels

of health consciousness among consumers during the has boosted demand for fitness solutions, which will aid a faster recovery and long-term growth in the industry.

Competition Landscape

Players in the sports and athletic insole market are largely involved in product development and launch strategies in addition to strategic collaborations for geographical expansion to bolster their positions in a rapidly growing market.

Some of the major players participating in the sports and athletic insole market are Aetrex Worldwide, Inc., Footbalance System Ltd., FAES FARMA, Gravitus, Protalus, Currex GmbH, ImplusFootcare LLC., Powerstep, Superfeet Worldwide, Inc., Sorbothane Incorporated. among others

For instance, Plantiga Technologies has announced its partnership with Original Footwear, with the aim of including Plantiga’s sensor infused insoles to Original Footwear’s product portfolio. EA has partnered with Adidas and Google for the development and launch of a smart shoe insole, which can be used for rewards in Fifa Mobile. Porcher Sport has announced the launch of thermoplastic insoles aimed for customized footwear for wider scope of applications in varying shoe designs.

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More on the Report

FMI provides in-depth insights on the sports and athletic insole market. The market is segmented in terms of base material (polymer, plastic, rubber, carbon fiber, and silicone), consumer orientation (men, women, and kids), and sales channel (direct and indirect sales), across six regions (North America, Latin America, Europe, Asia Pacific, Oceania, and Middle East & Africa).

Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Key Statistics

1.3. Summary of Key Findings

1.4. Product Evolution Analysis

1.5. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. The Massive Impact of the Crisis

3.1. An economic and labor market shock impacting the production, consumption and investments

3.2. Impact of declining global growth on unemployment based on three scenarios, world and income groups

3.3. Countries in action: How have countries been responding?

3.4. The Economic Impact of the COVID-19 Outbreak on Developing Asia

3.5. Impact of COVID-19 on the Gross Domestic Product of Selected Economies

3.6. Current Economic Projection – GDP/GVA and probable impact

4. The 2020 Market Size of Sports and Athletic Insole

4.1. Previous forecast

4.2. Quarter by Quarter forecast, 2020

4.3. Projected Recovery Quarter

5. Key Market Trends

5.1. Key Trends Impacting the Market

5.1.1. Growing demand for environmentally friendly raw material

5.1.2. Shock Absorb Gel Insoles Gaining Popularity

5.1.3. Availability of Innovative Sports and Athletic Insoles

5.1.4. Insoles with anti-fatigue technology

5.1.5. “3D” is New Production Perspective

5.1.6. Bluetooth Compatibility Insoles – Connected to Smartphones

5.1.7. Heating Insoles -Foot Warmer

5.2. Product Development Trends

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Die Casting Services Market is Projected to Reach USD 89.76 Bn by 2030 | FMI

The market for die casting services is estimated at USD 42.10 billion in 2022 and is projected to reach USD 89.76 billion by 2030, at an approximate CAGR of 10.0% from 2022 to 2030. Share of Die Casting Services market in its parent market (Manufacturing Industry market) is approximately 5%-10%.

Lightweight metals like aluminium are in high demand within the casting industry to meet these objectives. As a result, in the casting markets, aluminium has surpassed steel in popularity. The market for die casting is benefiting from the growing use of lightweight alloys like aluminium.

The demand for environmentally friendly vehicles is rising as environmental safety is being stressed more and more. In order to comply with environmental rules and laws and to achieve maximum fuel efficiency and minimal emissions, the need for lightweight components is rising. Therefore, it is anticipated that demand for die castings would increase during the coming ten years.

Aside from the automobile business, where high-quality aluminium is becoming more and more in demand, particularly for luxury automakers, other industries like construction are also observing a switch from the traditional metal steel to aluminium. This change is recognised as a major force in the worldwide die casting market.

Additionally, the die casting business is advancing technologically, increasing die casting capacity to provide higher production in shorter manufacturing times.

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Key Takeaways

East Asia is expected to be the largest market for global die casting services market for the forecast period 2020-2030
High pressure die casting is the leading product segment, however gravity die casting services are gaining significant growth
Automotive industry holds a dominant place in the global die casting services market
Growing concern regarding fuel efficiency and emissions in automotive sector are the major trends influencing the global market
South Asia is forecasted to provide significant growth opportunities for the manufacturers during the period 2020-2030

Covid 19 impact

Businesses all throughout the world have been touched by the COVID 19 epidemic in one way or another. Different industries have been influenced by the lockdowns that the nations imposed.

The construction and automotive industries are among the worst affected globally.

Since the start of lockdowns caused by the epidemic in March 2020, there has been a drop in global sales of cars and consumer items. Even the consumer side has been severely hit because many people’s incomes have halted as a result of job losses. As a result, people refrain from purchasing consumer products.

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The epidemic has had a significant impact on the global die casting sector, with manufacturing stopping and transportation coming to a complete halt.

This mindset is affecting the global die casting market in a negative way, as automobile and consumer goods sector along with construction sector are incurring heavy losses due to this.

Who is winning?

Die casting services have a huge global market potential, thus the industry’s operators are strongly reliant on R&D to progress technology and gain an edge over rivals.

In addition, the introduction of new products is anticipated to provide competitors an advantage. Additionally, with the aid of mergers and acquisitions, corporate expansion to serve a larger population continues to be one of the core goals of the firms.

For instance, businesses are acquiring and integrating specialised die casting foundries in order to serve a larger customer base.

For instance, in 2018, Dynacast Inc. purchased Schlieper Druckguss, a zinc-specific specialised die casting company, and Tauus ’80 Precision Die Casting to create a new company named Form Technologies.

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Carlton Die Castings Ltd., Form Technologies, Handtmann Group of Companies, Koch Enterprises Ltd., Premier Die Casting Company, Expromet Technologies Global Limited, Elcee Group B.V., Dean Group of Companies, Koch Enterprises Inc., MRT Castings Ltd., JPM Group, NovaCast Limited, Arrow Butler Castings Ltd, Lupton & Place Ltd., Spark Minda, Kuusakoski Group, NEMAK, Ryobi Limited, Lina

Soap Dispenser Market is Expected to Expand at a CAGR Of 6% By 2030 End | FMI

The global soap dispenser market will witness a CAGR of 6% by the end of 2030 – says FMI, an ESOMAR-certified market research firm. The study points out to a spike in demand to be sustained throughout the forecast period, as cleanliness and hygiene become key to reduce risk of virulent diseases.

In order to prevent cross-contamination, touchless operations have become imperative. The amount of liquid soap that is dispensed by technology-based soap dispensers is calculated. Soap isn’t used too often as a result. According to the study, consumers are also altering how they use soap dispensers.

According to the study, market participants for soap dispensers have responded quickly to the COVID-19 pandemic-related situation. In recent years, the number of touchless soap dispensers produced has increased.

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They have shifted from soaps to wall-mounted automated soap dispensers due to growing awareness on the part of hygiene. Commercial spaces, corporate offices, and educational institutions are seen mounting these soap dispensers these days.

The above-mentioned trend has prompted the market players to emphasize on product launches for adding to the revenue. This trend is expected to create a holistic demand for automated soap dispensers in the forecast period (2020-2030). Moreover, outbreak of Covid-19 has escalated the demand for touchless soap dispensers. This trend will never cease to exist, as precautions will be imperative.

Built-in Soap Dispensers

The modular kitchens these days come with built-in soap dispensers. If it’s a double-bowl, four-hole stainless steel sink, the kitchen faucet makes use of three holes and the 4^th hole could be used to install deck spray head.

Or else, old faucet could be removed and replaced with stylish pullout-spray model making use of the same 3 sink faucet holes. The new faucet could leave that additional deck hole open for installing soap dispenser.

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Stainless Steel Built-in soap dispenser works well for the kitchen sink. The basic advantage is that it has a refillable and reusable dispenser pump that holds hand soap, essential oils, or lotion in a fashionable container to occupy very little room in the sink, at countertop, or in vanity.

This multi-purpose dispenser, as the name suggests, could be used for adding equipment soap hand sanitizer, shower gel, shampoo as well. These advantages are bound to increase the demand for soap dispensers on the whole, and built-in soap dispensers in particular.

Key Participant Insights

The key players in the soap dispenser market include Bradley Corporation, ASI American Specialties, Inc., Kohler Co., Simplehuman, GOJO Industries, Inc., Duravit AG, Sloan Valve Company, Georgia-Pacific LLC, Bobrick Washroom Equipment, Inc., and Toto Ltd.

The players are into new product launch spree to draw a larger base of customers. For instance – Frost Products Ltd., in Dec 2019, launched a novel counter-mounted foam dispenser made from stainless steel, holding a capacity of 1 litre with 304 brushed finish.

The other product launched by the company included a counter-mounted, touch-free liquid soap dispenser having a battery life of 1 year OR 20K cycles. There is a bulk loading refill capacity spanning 1.5 litres. 1-yr warranty is also assured of.

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Soap Dispenser Market: Segmentation

The global Soap Dispenser Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

Touch-free
Manual/Push

By Material

Plastic
Nickel
Bronze
stainless steel
silver
chrome
others

By Type

wall-mounted
countertop
free standing

By Price Range

economical
premium
mid-range

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By Capacity

below 500 ml
500 – 750 ml
750 – 1000 ml
1000 – 1250 ml
1250 – 1500 ml
1500 ml & above

By Application

Institutional
Household

By Sales Channel

Direct
Indirect

Anti-microbial Wipes Market is Anticipated to Grow at a 11% CAGR in 2032

The recent surge in the popularity of antimicrobial wipes can be ascribed to the public’s increased attention to preserving personal cleanliness. The main driver of expansion in this regard has been the incidence of numerous infectious illnesses. Sales have increased significantly since the COVID-19 epidemic, a time when maintaining personal cleanliness is extremely important.

Growing sales are mostly supported by the regular use of wipes to clean one’s hands, face, and nose as a reassuring habit for getting rid of any microorganisms.

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According to the aforementioned predictions, the global market for antimicrobial wipes will reach $7 billion by the end of 2020.

“The pandemic has greatly increased demand for anti-microbial wipes with an alcohol basis. Even after the epidemic, this tendency will persist as customers become more hygienic, “an FMI analyst said.

Key Takeaways from FMI’s Anti-Microbial Wipes Market Report

The demand from the healthcare and household sectors will increase sales of anti-microbial wipes.
Online retail sales will gain significant traction due to the imposition of social distancing measures, which prevent consumers from visiting retail outlets to make their purchases.
Scented wipes are becoming more and more popular due to consumers’ sensory experiences.
Surface disinfectant wipes are gaining higher popularity. The market for anti-microbial wipes is expected to grow significantly in South Asia.

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Anti-Microbial Wipes Market- Key Trends

Manufacturers of anti-microbial wipes will benefit from favorable market conditions, such as decreased price volatility and low capital expenditure.
Rising hygiene concerns in the wake of the COVID-19 pandemic; and adoption of biodegradable formulations.
This will accelerate research into the development of sustainable wipes in the future.

Key Segments of Antimicrobial Wipes Industry Survey

Antimicrobial Wipes Market by Product:

Skincare Wipes
Surface Disinfectant Wipes

Antimicrobial Wipes Market by End User:

Hospitals/Healthcare Centers
Offices/Commercial
Food Services
Food Processing Industry
Manufacturing & Industrial
Schools & Universities
Hospitality
Groceries
Convenience Stores and Retail
Individuals
Household

Antimicrobial Wipes Market by Nature:

Scented Antimicrobial Wipes
Unscented Antimicrobial Wipes

Antimicrobial Wipes Market by Sales Channel:

Hypermarkets/Supermarkets
Specialty Stores
Discount Stores
Multi-brand Stores
Online Retail Sales
Independent Departmental Stores

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Electronic Lab Notebook (ELN) Market is Expected to Expand at a CAGR of 13.9% from 2022 to 2029

In 2021, the electronic lab notebook (ELN) market is expected to generate US$ 421.0 million. The electronic lab notebook (ELN) market is expected to reach US$ 1,180.3 Mn by 2029, growing at a CAGR of 13.9% between 2022 and 2029.

A new Future Market Insights (FMI) report examines how electronic lab notebook (ELN) programming is gaining traction in the global market. The global ELN programming market is expected to outperform a billion-dollar income by 2029 end, with a two-digit CAGR over the next ten years.

Expanding interest in laboratory data management systems (LIMS), chromatography information management systems (CDS), logical instrumentation, and logical information management systems (SDMS) will open up potential development opportunities for electronic lab notebook (ELN) programming suppliers.

Other key market development powerhouses include the basic requirement for decreasing information audit and process durations, data capture and reuse, avoiding rehashes, and reexamination in the life sciences industry application.

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Key Takeaways – Electronic Lab Notebook (ELN) Software Market Study

Increasing outsourcing of manufacturing and R&D activities by pharmaceutical companies from other regions such as North America and Europe are resulting in high demand for ELN for efficient laboratory data management and regulatory compliance.
Emerging cloud-based technology provides web and cloud-based solutions for various factors such as cost-effectiveness, real-time analytics, easy access to data, integration with other systems & software, sharing of data internally and externally, scalability and flexibility.
Software solution based segment electronic lab notebook (ELN) software market is expected to generate an incremental opportunity of ~US$ 611 Mn during the forecast period.

Product Innovation Key to Enhance Remote Sensing Technology

Key vendors are focusing on adoption of electronic lab notebook (ELN) software for conducting research in the life sciences industry under various domains such as pharmaceuticals, chemicals and others and follow a practice of recording daily activities.

For instance, Scilligence Corporation offers electronic lab notebook (ELN) software for training graduate and undergraduate students in industrial standards and processes. It also allows students to run ELN in their own devices (computers, iPad, Android tablet, etc.), without any software installation.
For instance, Arxspan LLC. offers ArxLab electronic lab notebook (ELN) software preconfigured for biology application. It consists of a cloud-based architecture and helps to streamline workflows, protect sensitive IP (Intellectual Property), increase productivity and is compliant to standard regulations.

Rapid infrastructure development and growing awareness regarding various technological advancements are major factors contributing to the growth of the MEA electronic lab notebook (ELN) software market. Infrastructure for the life sciences industry has been witnessing significant growth in the recent past, owing to changing government policies, development of health care systems, and increasing population in countries of the region.

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Competitive Landscape

Many key players are inclined at investing heavily in lab automation technology research and development practices to uncover increased applications of electronic lab notebooks. With the use of technology, vendors are also focusing on lowering the cost of electronic lab notebook, and customer satisfaction for captivating an increased customer base.

For instance, in November 2019, Thermo Fisher Scientific introduced latest forensic laboratory qualified capillary electrophoresis platform. The platform is designed for both new and experienced users who need a simple instrumentation experience for forensic analysis.

Learn More About Report Inclusions

In this report, the global electronic lab notebook (ELN) software market is tracked in terms of value, and is calibrated to obtain the market revenue estimates. The report is categorically split into six major sections, namely market analysis by solution such as software (laboratory information management system (LIMS) platform and electronic lab notebook (ELN) software) and services (Validation services, consulting services, implementation and integration services, support and maintenance, training)

by license (proprietary ELN, open source ELN), by deployment (cloud and on-premises), by enterprise size (small & medium and large), by pricing model such as subscription model (monthly subscription & annual subscription) and one time license, and industry (healthcare and life sciences, energy, food & beverages, academic & scientific research, petrochemicals, mining and metals, others), across seven major regions.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Solution Innovation / Development Trends

Key Success Factors

4.1. Solution Adoption / Usage Analysis

4.2. Solution USPs / Features

4.3. Strategic Promotional Strategies

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Electronic Lab Notebook (ELN) Market Outlook by Category

By Solution:

Electronic Lab Notebook (ELN) Software
Electronic Lab Notebook (ELN) Services

By Deployment :

Cloud
On-Premises

By Enterprise Size:

Small & Medium Enterprises
Large Enterprises

By Industry :

Healthcare & Life Sciences
Energy
Food & Beverages
Academic & Scientific Research
Petrochemicals
Mining & Metals
Others

By Region :

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa
GCC Countries
Emerging Countries

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Quality and Compliance Management Solution Market are slated to rise at a high CAGR of 9.4% to close in on US$ 44 Bn from 2022 to 2030

The market for quality and compliance management solutions was valued at approximately US$ 23.5 billion in 2021, and is expected to grow at a high CAGR of 9.4% to approximately US$ 44 billion by 2030. By incorporating portability into their solutions, merchants in the global quality and compliance management solutions market are fully utilising mechanical advances in versatile applications and data innovation frameworks.

One of the primary goals of incorporating versatile capabilities into quality and compliance management solutions is to improve end-user experience and business functional productivity.

Another trend gaining traction in the quality and compliance management frameworks market is information examination, with market participants incorporating the compliance advantages of information perceivability in large business risk management.

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In the overall market for quality and compliance management frameworks, key organizations are zeroing in on conveying overhauled solutions. As a result, Future Market Insights expects the overall quality and compliance management frameworks market to increment fundamentally in income.

The worldwide market for quality and compliance management solutions is projected to arrive at a valuation in overabundance of US$ 38 Bn toward the finish of 2028, up from an expected US$ 14 Bn by the end of 2022. A development pace of 8.6% during the period 2022 – 2028 is the consequence of developing reception of cloud-based quality management solutions.

The market is likewise seeing expanding demand inferable from cutting edge elements, for example, a solid framework structure and constant information following.

Opportunity Analysis of the Global Quality and Compliance Management Solutions Market Reveals a Strategic Shift from Manual Systems to Integrated Solutions

Global enterprises are fast moving from manual systems towards integrated solutions that come with the capability to comprehensively manage all data and quality-related processes. Fully configurable quality management solutions are securely integrated with enterprise legacy systems and facilitate product quality enhancement right from concept through obsolescence within a closed loop corrective action environment.

These solutions provide increased visibility into quality and compliance activities with enhanced connectivity to build collaboration between multiple functions. This is creating lucrative growth opportunities for providers in the global quality and compliance management solutions market.

COVID-19 Impact on Quality and Compliance Management Solution Market

The COVID-19 pandemic has had an impact on businesses across the globe.

COVID-19 had a considerable impact on the technology sector since its beginning. The technology industry was harmed by disruptions in the electronic supply-value chain and raw material supply.

Cloud computing platforms and build-your-own-devices are becoming increasingly popular as ways to support remote working. The acceptance of remote working, on the other hand, has had a favorable impact on the sector.

A good outlook is projected as a result of the rapid focus on integrating digital techniques and big data analytics in the IT services and technology industries. Market participants are employing innovative methods to address the problems that quality and compliance management solutions are anticipated to face.

Quality and Compliance Management Solution Market Competitive Landscape

Key quality and compliance management solution providers are focused on providing enhanced solutions in the global market.

By eliminating the need to track business critical processes from a host of different systems, the latest quality and compliance management solutions enable businesses to increase operational efficiency and reduce compliance costs. This has led to a surge in demand for quality and compliance management solutions across multiple industries.

For instance,

In December 2019, NTT Group launched a compliance management system based on robotic process automation (RPA). Internal-HR data analysis and compliance on-premise and cloud-based solutions are available with this solution.

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Table of Content

Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Value Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.5. Opportunity Analysis

Market Forecast

4.1. Market Size and Y-o-Y Growth

4.2. Absolute $ Opportunity

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Key Segments Covered in QMS Industry Research

QMS Market by Module:

Document and Product Management
Quality Management
Change Management
Audit Management
Governance and Compliance Management
Supplier Management

QMS Market by Component:

QMS Software
QMS Services
- Consulting Services
- Managed Services

QMS Market by Company Size:

Large Enterprises
Small and Medium Enterprises

QMS Market by Implementation Model:

On-premise QMS
Cloud QMS

QMS Market by Industry:

QMS for Aerospace & Defense
QMS for Automotive
QMS for Consumer Goods and Retail
QMS for Healthcare
- Pharmaceuticals
- Biopharmaceuticals
- Diagnostic Lab
- Blood & Tissue Banks
- Clinical Research Organizations
- Hospitals & Clinics
QMS for ITES & Telecom
Others

QMS Market by Region:

North America Quality and Compliance Management Solution Market
Latin America Quality and Compliance Management Solution Market
Europe Quality and Compliance Management Solution Market
East Asia Quality and Compliance Management Solution Market
South Asia & Pacific Quality and Compliance Management Solution Market
Middle East & Africa (MEA) Quality and Compliance Management Solution Market

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Distributed Fibre Optic Sensor Market is Expected to Grow at a Rapid CAGR of 8.3% from 2022 to 2032

According to Future Market Insights (FMI), the global distributed fibre optic sensor market is expected to grow at an 8.3% CAGR from 2022 to 2032. According to the report, the distributed fibre optic sensor market will be worth US$ 1,291.9 Mn by the end of 2022. The advantages of multimode fibre systems include their low cost when operating with high optical power over short distances and their ability to sense using a wide range of fibre propagation modes.

The use of distributed fibre optic sensors in structural health monitoring has steadily increased in the infrastructure sector. The main goal driving demand for distributed sensors in the civil sector is to gain a better understanding of the structural state and manage the infrastructure in an economically efficient manner. Pipelines, bridges, geotechnical structures, and dams are some of the key areas where structural health monitoring is becoming more prevalent in the civil engineering sector.

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The main benefit of next-generation sensors is their capacity to simultaneously monitor strain, temperature, or pressure at various sites. The deployment capacity of distributed fiber optic sensors in any demanding environment and their ability to track structural failures in real-time are some of the important factors contributing to the rising utilization of distributed sensing across the globe.

Key Takeaways: Distributed Fiber Optic Sensor Market

By sensor type, the distributed temperature sensors segment is set to account for 1% of share in the global distributed fiber optic sensor market during the forecast period.
By application, the power monitoring segment accounted for 4% of share in the distributed fiber optic sensor market.
By industry, the adoption of distributed fiber optic sensors in civil infrastructures is set to account for about 2% of share in 2022.
In the Europe distributed fiber optic sensor market, Germany accounted for 7% of share in 2021.
The U.S. distributed fiber optic sensor market held about 7% of the North America market share in 2021.

“Emergence of Rayleigh’s effect-based sensing and Raman effect-based sensing that have unique operational properties is anticipated to create new growth opportunities for distributed fiber optic sensor manufacturers. Besides, increasing use of distributed sensors in applications such as pipeline monitoring, structural health monitoring, border monitoring, and control is likely to aid growth,” says a FMI analyst.

Increasing Demand for Data-driven Decision-making across the Globe

Data is gathered through distributed fiber optic sensors along the optical fiber’s length. Due to the enormous volume of data it generates, numerous analytical methods are utilized to assess the data that has been gathered. Data-driven decision-making and strategies are becoming more and more popular on a global scale.

These are accomplished by extracting a pattern from the data that the managers can measure, deciphering the insights, and using that information to improve the overall performance and decision-making. Distributed fiber optic sensors use light scattering to gather information on changes in temperature, strain, vibration, or pressure at any location along the fiber’s length.

More Valuable Insights on Distributed Fiber Optic Sensor Market

FMI’s report on the distributed fiber optic sensor industry research is segmented into four major sections – by sensor type (distributed temperature sensors, distributed acoustic sensors, distributed pressure sensors, distributed strain sensors, and others), application (condition monitoring, intrusion detection, power monitoring, leak detection, and others), industry (oil & gas, civil infrastructures, industrial, power & utilities, military & border security, transportation, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the distributed fiber optic sensor demand outlook.

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Distributed Fiber Optic Sensor Outlook By Category

By Sensor Type:

Distributed Temperature Sensors
Distributed Acoustic Sensors
Distributed Pressure Sensors
Distributed Strain Sensors
Others

By Application:

Condition Monitoring
Intrusion Detection
Power Monitoring
Leak Detection
Others

By Industry:

Oil & Gas
Civil Infrastructures
Industrial
Power & Utilities
Military & Border Security
Transportation
Others

By Region:

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

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Service Lifecycle Management Application Market Growing at an 7.9% CAGR by 2030 | FMI Report

The market for service lifecycle management applications is creating value through the use of third platform technologies, which are driving innovation and real-time connectivity between different service lifecycle management application solutions. The introduction of cloud technology has increased access to service component visibility. Furthermore, mobile technology has enabled technicians on the field to communicate information derived from Big Data analytics at the right time for accurate problem solving.

All of these factors have added a precision-driven aspect to services, raising the value proposition and overall profit margins.

According to Future Market Insights, the global service lifecycle management application market will grow at a CAGR of 6.9% from 2020 to 2030.

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Key Takeaways of Service Lifecycle Management Application Market Study

The use of service lifecycle management applications is growing, especially in sectors that manufacture with metal, such as aerospace and defence and automotive and transportation.
The use of service lifecycle management applications will increase by 1.7x of current market value by the end of 2030 in the medical equipment sector as COVID-19 leads to a significant volume of new n
The Asia Pacific service lifecycle management application market is anticipated to grow at a CAGR of around 8% from 2020 to 2030.

Big Data Analytics Driving Real Time Communication and Analysis in SLM Applications

Because it collects asset information and enables better service quality, data analytics transforms service management operations and increases the percentage of first-time repairs (FTF rate). Apps for SLM let businesses assess how well their services are doing in relation to their plans. As a result, the SLM programme aids businesses in finding and resolving service problems more quickly.

Through connected devices, descriptive and predictive analytics will enable real-time communication between dealerships, manufacturers, and customers. This will enable manufacturers to receive notifications about the status of their products and early warnings to make more proactive decisions that will improve service and customer retention. Analytics will also focus on fusing service lifecycle management software with data on customer satisfaction.

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Key Segment

By Service Based Model

Field Based Model
Depot Based Model
Dealer Based Model
Performance Based Model

By Region

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

By Solutions

Field Based Model
Depot Based Model
Dealer Based Model
Performance Based Model

By End-use Industry

Automotive & Transportation
Aerospace & Defense
Medical Equipment
High Technology
Telecommunications
Industrial Machinery & Equipment

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Africa LED & OLED Displays and Lighting Products Market is supposed to develop at a CAGR of 17.8% by the end of 2026

According to a recent market report published by Future Market Insights titled, “LED & OLED Displays and Lighting Products Market: Africa Industry Analysis and Opportunity Assessment, 2016-2026,” the Africa LED & OLED displays and lighting products market was valued at US$ 684.9 Mn in 2015 and is expected to register a CAGR of 17.8% from 2016 to 2026.

According to analysts at Future Market Insights, “Increasing government support and introduction of new government projects for LED lighting is driving the growth of the lighting products market in Africa. Constant progression on ‘Lighting Africa’ (an initiative of IFC & World Bank), is further fuelling the growth of lighting products market in the region.” The growth of the LED and OLED display market in Africa is driven by factors such as a growing subscriber base for smartphones and increasing consumer spending on television services.

LED lighting products offer extended lifespan – around 50,000 hours of brightness – and work effectively while consuming less energy than traditional bulbs and CFLs. LED lighting products compete with traditional products with regard to parameters such as longer lifespan, energy efficiency, enhanced environmental friendliness, better durability, lower heat, and smaller size.

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The Africa LED and OLED products market is categorized on the basis of displays and lighting products. On the basis of displays, the market is further segmented as mobile displays, consumer TV displays and outdoor LED displays. On the basis of lighting products, the Africa market is segmented as product type and applications.

By product type, the market is sub-segmented into LED bulbs, bare LED tubes, LED fixtures and solar LED lighting. By applications, the market is sub-segmented as street lighting, down lighting, garden lighting, ceiling lighting, decorative and portable lighting, and others.

Market highlights

The consumer TV displays sub-segment was valued US$ 130.2 Mn in 2015 and is anticipated to register a CAGR of 18.8% during the forecast period. Introduction of off-grid solar powered television for rural areas of African region is expected to drive the growth of this market during the forecast period.
The LED bulbs sub-segment accounted for highest market share and was valued at US$ 193.9 Mn in 2015. However, the solar LED lighting sub-segment is expected to register a healthy CAGR of 28.6% during the forecast period.
Among applications, the street lighting segment accounted for the highest market share in 2015, occupying 37.6% share of the African lighting products market.

Regional insights

This report also covers trends driving each segment and offers analysis and insights regarding the potential of the Africa LED and OLED displays and lighting products market in some key countries including Nigeria, Ethiopia, Egypt, Congo, South Africa, Tanzania, Kenya, Algeria, Sudan, Morocco, Niger, Tunisia, and Gabon. Among these countries, Nigeria accounted for the largest market share in 2015, owing to development of telecommunications infrastructure and increasing internet governance, which in turn is driving the smartphones penetration in the country.

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Vendor highlights

Key players in the Africa LED and OLED displays and lighting products market include Cree Corporation, Samsung Electronics Limited, GE Lighting, LLC, Sharp Corporation, OSRAM Licht AG, Daktronics Inc., Eaton Corporation, LG Display Co., Ltd., Barco N.V., Luceco Ltd., LED Lighting SA and Eagle Lighting.

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Mobile Application Testing Solutions Market size should create from US$ 6.0 Bn in 2022 to US$ 20.3 Bn by 2029

Mobile Application Testing Solutions Market size should create from US$ 6.0 Bn in 2022 to US$ 20.3 Bn by 2029, showing an astounding 19.0% CAGR some place in the scope of 2022 and 2029.

For their mobile application programming, associations are constantly searching for convenient updates and issue fixes. An application must, in any case, go through exhaustive testing each time it is revived.

This is a direct result of the way that even a tiny change in an application’s coding could impact the approach to acting of those capacities which are not exactly related clearly. Following the introduction of updates, backslide testing checks and confirms the overall display of a program.

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Key Takeaways of Mobile Application Testing Solution Market Study

Since automation testing may save costs and time while also producing more trustworthy findings than manual testing, it is anticipated that this market segment will account for a sizeable portion of total market revenue throughout the projection period.
In terms of all devices, smartphones are anticipated to see the highest CAGR due to the increased need for such devices to satisfy daily needs such as answering questions, gathering information, and finding answers.
Due to the rising popularity of messaging platforms, new innovative apps, and the region’s IT companies investing more money to meet rising customer demands for better mobile application testing, the Asia Pacific region is experiencing an impressive growth rate in the market for mobile application testing solutions.

m-Commerce Popularity driving the Demand for Rigorous Testing

The use of the m-Commerce distribution channel is anticipated to rise as more people choose to utilise the online wallet and e-Payment capabilities on their smart mobile devices. For mobile applications used for banking and financial services, developers are already providing extensive testing.

These cutting-edge, well tested programmes guarantee data security and get rid of the dangers of cyberattacks and privacy violations. During the projection period, these characteristics are anticipated to increase the market’s use of mobile application testing solutions. For instance, Apple Inc. lets customers use its Apple Pay app to make online payments on Apple Inc. phones. Additionally, some service providers are creating their own online payment applications. Therefore, expanded testing and debugging procedures must be carried out to ensure enhanced

More Valuable Insights on Mobile Application Testing Solution Market

FMI’s report on the mobile application testing solution market is segmented into five major sections such as type (interactive testing, automated testing), platform (windows, android, iOS, and other), device (smartphones, tablets), end-user (residential, corporate) and region to help readers understand and lucrative evaluate opportunities in the mobile application testing solution market.

Competitive Landscape

Key providers of mobile application testing solutions are focusing on adding new innovative capabilities into their current testing solution. This is helping them to enhance upgrade their mobile application testing solutions portfolio.

For an instance, in June 2019, IBM announced the expansion of quantum computing efforts to Africa in a new collaboration with the University of the Witwatersrand (Wits University) in South Africa. To expand the IBM Q Network to include Wits will drive innovation to benefit African-based researchers.
In May 2019, SAP SE announced project “Embrace,” a collaboration program with Microsoft Azure, Amazon Web Services and Google Cloud as well as global strategic service partners (GSSPs). “Embrace” puts the customer’s move to SAP S/4HANA in the cloud in the language and context of their primary industry, by recommending the platform, software, and services.

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Mobile Application Testing Solutions Outlook By Category

By Type, Mobile Application Testing Solutions Demand is segmented as:

Interactive Testing
Automated Testing

By Platform, Mobile Application Testing Solutions Outlook is segmented as:

Android
iOS
Windows
Others

By Device, Mobile Application Testing Solutions Outlook is segmented as:

Smartphone
Tablet

By End User, Mobile Application Testing Solutions Outlook is segmented as:

Residential
Corporate
- Small Enterprises (<1,000 Employees)
- Medium Enterprises (1,000 – 5,000 Employees)
- Large Enterprises (1,000 – 5,000 Employees)

By Region, Mobile Application Testing Solutions Sales is segmented as: