Market Research Blog – Page 9801 – New Product Development

Health Awareness along with Latest Unique Shrimp Cuisines have Shaped and Fueled the Demand for Shrimp in New Markets: FMI Report

According to the recent FMI report, the market size for Shrimp is anticipated to cross a value of USD 117.2 Bn in 2032, growing at a CAGR of 7.5% approximately between 2022 and 2032. The market holds a revenue of USD 56.7 Bn in 2022.

Customer demand for Shrimp is growing due to its high nutritional value and low-fat protein. In addition, as a result of rapid economic expansion and rising income, consumers are undergoing a “nutrition transition” and converting from a diet high in carbs to one higher in proteins. As a result, shrimp farmers worldwide are adopting improved production techniques that protect the environment, increase year-round shrimp production, and outperform conventional ones.

The growth is now higher, with each potential corner recovering with value. Using prevention equipment and advisories has helped the fish market regain its charm.

Shrimp producers are making sure to create cutting-edge goods in the areas of pharmaceutical, industrial, and biotechnology to draw customers. Companies in China are ensuring that products come in recyclable and reusable cans for environmentally friendly food packaging.

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Key Takeaways from the Shrimp Market Study:

The primary growth-inducing elements of shrimp are its ease of availability and high nutritional value.
India has emerged as one of the top exporters of shrimp to the US and the EU due to the rising demand for stable, disease-free shrimp. This again fuels the demand for shrimp in the emerging economies
Due to the wide availability of several shrimp varieties in this area and the therefore increased consumption, the United States shrimp market is anticipated to account for a sizeable portion of global shrimp output.
The U.K. shrimp market is expanding at an alarming rate. In 2032, it is anticipated to have a 23.2% market share.
Companies in China are ensuring that products come in recyclable and reusable cans for food packaging that is environmentally friendly.
Wide availability of several shrimp varieties in this area and the therefore increased consumption, the United States shrimp market is anticipated to account for a sizeable portion of global shrimp output.

“Aquaculture and wild-harvest fish capture have both recently increased their output of shrimp to approximately equal levels, with the former expected to account for 65% of the market’s volume in 2020. Businesses are focusing on expanding their aquaculture breeding grounds to minimise the reliability of wild-harvest capture in order to maintain the ecological balance. As a result, it is anticipated that during the projection period, shrimp aquaculture’s market share will significantly increase.” FMI Analyst states.

Competitive Landscape

In recent years, the production of shrimp via wild-harvest fish capture and aquaculture has nearly reached parity, with the former accounting for 65% of the volume share of the global shrimp market in 2020. To keep the ecological balance, businesses are concentrating on growing their aquaculture breeding grounds to decrease the reliability of wild-harvest capture. As a result, it is anticipated that throughout the projection period, the market share for shrimp aquaculture will greatly rise.

The Sustainable Fisheries Partnership started a new project in 2019 to enhance the sustainability of Indonesia’s shrimp farming industry (SFP). The two-year project located in Banyuwangi, East Java, is concerned with governance and management of ongoing shrimp farming as well as increasing the sustainability of aquaculture in the area.
In 2019, a significant player, Cooke Inc., a corporation with its headquarters in Canada, recently completed the acquisition of Sea Joy Seafood Corporation Group, one of the largest premium shrimp farms in Latin America. According to Cooke Inc., the goal of the acquisition was to focus on item expansion to satisfy customer needs.

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Get Valuable Insights into Shrimp Market

FMI, in its new offering, provides an unbiased analysis of Shrimp Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Shrimp based on by Species (Gulf Shrimps, Farmed Whiteleg Shrimps, Banded Coral Shrimps, Royal Red Shrimp, Giant Tiger Shrimps, Blue Shrimps, Ocean Shrimps) by Source (Organic, Conventional) by Form ( Canned, Breaded, Peeled, Cooked & Peeled, Shell-On, Frozen) by Sales Channel (Direct, Indirect) by Application (Food, Pharmaceutical, Cosmetics, Industrial, Biotechnology) by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa )

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Shrimp Market by Category

By Species:

Gulf Shrimps
Farmed Whiteleg Shrimps
Banded Coral Shrimps
Royal Red Shrimp
Giant Tiger Shrimps
Blue Shrimps
Ocean Shrimps

By Source:

Organic
Conventional

By Form:

Canned
Breaded
Peeled
Cooked & Peeled
Shell-On
Frozen

By Sales Channel:

Direct
Indirect

By Application:

Food
Pharmaceutical
Cosmetics
Industrial
Biotechnology

Browse full Report@ https://www.futuremarketinsights.com/reports/shrimp-market

Frequently Asked Questions

How big is the Shrimp Market?
At what Rate Shrimp Market is expected to rise?
What is North America’s share in Shrimp Market?
Which are the major countries driving demand for Shrimp Market?
At what rate will the China’s Shrimp Market grow?
Who are the top 5 players operating in the market?
What is the demand outlook forecast for the Shrimp Market?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Energy Gel Products Market Regional Outlook, Trends, Key Companies Profile, CAGR and Forecast to 2032

The Energy Gel Products Market will be worth approximately USD 637 million in 2022. The market has been growing at a CAGR of 8% between 2022 and 2032, reaching a value of USD 1,349.9 billion.

A new research publication titled “Energy Gel Products Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2022-2032)” by Future Market Insights focusses on various market acumen on developments, trends, key players, growth drivers and forecasts across important regions. A detailed market segmentation is carried out which explores every angle of the energy gel products market.

Awareness based marketing, increased retail shelf visibility, improvement of energy gels, growing demand for combination flavours, rising preference of gels over energy drinks and clean label products are few of the trends observed in the global energy gel market.

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The growth of the global energy gel market has been impacted by various factors which drive the growth, to name a few, the increasing health awareness which has spurred the consumption of energy drinks and energy gels, rising demand for flavoured energy gels, enhanced overall supply chain, rising demand for beverages, rise in domestic population coupled with high consumer preference for energy gel products, improved retailing, rising expenditure on research and development supported by government initiatives, high demand for premium products, and healthy eating habits with rising per capita income have impacted the global energy gel market in a positive way.

However, certain aspects such as high working population which decreases the scope of consumption of energy gel, high competition, fluctuation in input costs, high production costs and improper sync between demand and supply have a restraining effect on the growth of the global energy gel market.

Global Energy Gel Products Market: Forecast

The global energy gel market is anticipated to grow at a robust rate during the assessment period. The global market is expected to grow at a value CAGR of 7.8% to reach a market evaluation of about US$ 1 Bn in 2027 from an evaluation of US$ 477 Mn in 2017. This market has seen a significant growth path since 2012.

Global Energy Gel Products Market: Key Segmental Highlights

The global energy gel market is segmented by flavour type (Fruit, Vanilla, Chocolate and others), by distribution channel (supermarket/hypermarket, specialty store, online store, others) and by region (North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa). The fruit flavour type segment has been further sub segmented into orange, strawberry, raspberry and lemon.

By distribution channel, the specialty stores segment is expected to dominate the global market in terms of high market share. It is expected to grow at a robust growth rate to reflect a value of about US$ 368 Mn by 2027.

The supermarket/hypermarket segment by distribution channel is expected to grow at the highest growth rate during the forecast period to reflect a high CAGR of 8.7%. This segment stands second to the specialty store segment from market value standpoint and reflects high potential in the coming years
By flavour type, the fruit segment is anticipated to lead the market with a good CAGR. The chocolate segment is poised to reflect highest CAGR of 8.7% during the period of assessment.

North America region is expected to be the fastest growing regions followed by Western Europe, Latin America and Asia Pacific excluding Japan (APEJ). North America is poised to reflect a high CAGR of 8.5% by value during the period of assessment.

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Global Energy Gel Products Market: Competitive Landscape

The global energy gel market research report has included analyses on key players in the market. The companies such as Advanced Food Concepts, Inc.,Nutrition Works Ltd.,Boom Nutrition Inc.,Clif Bar & Company,EN-R-G Foods, LLC, Gatorade Company, Inc.,Hammer Nutrition Ltd.,Powerbar Inc.,Zipvit Ltd., and Scientific Sports Nutrition (Pty) Ltd., are profiled in this research study.

Energy Gel Products Market by Category-

By Flavour Type, Energy Gel Products Market is Segmented as:

Fruit
- Orange
- Strawberry
- Raspberry
- Lemon
Vanilla
Chocolate
Others

By Distribution Channel , Energy Gel Products Market is Segmented as :

Supermarket/hypermarket
Specialty Store
Online Store
Others

Browse Full Report@ https://www.futuremarketinsights.com/reports/energy-gel-products-market

Frequently Asked Questions
How big is the Energy Gel Products Market Market?
At What Rate is Energy Gel Products Market expected to rise?
What is the North America, Energy Gel Products Market Outlook?
Which are the major countries driving demand for Energy Gel Products Market?
At what rate will the China Energy Gel Products Market grow?
At what rate will the Germany Energy Gel Products Market grow?
At What Rate will, Energy Gel Products Market Demand Grow in Europe?
Who are the top 5 players operating in the market?
At what rate will the Mexico Energy Gel Products Market grow?
What is the demand outlook forecast for the Energy Gel Products Market?

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Organic Beef Meat Market Covering Gross Margin, Market Share and Revenue from 2022-2032

According to the recent FMI report, the market size for Organic Beef is anticipated to cross a value of USD 21.5 Bn in 2032, growing at a CAGR of 6.8% approximately between 2022 and 2032.

Growing public awareness of and demand for natural and organic foods because of the resulting health benefits has sparked a movement in consumer preferences for organic food in everyday foods, particularly in Eastern Europe, pushing the sale of organic beef.

Research report on organic beef explains that the availability of organic cattle steak is anticipated to increase as a result of large retail chains like Whole Foods already encouraging the presence of organic agricultural produce on their store shelves.

To stop the environment from degrading, government measures are increasingly pushing the use of organic products. The Cattleman’s Financial Corporation is one programme run by the Canadian government that encourages livestock breeders by offering financial support because the cost of feeding organic cow diet is higher. This fuels the demand for organic beef globally.

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The opportunity for existing manufacturers to develop and improve the penetration of organic products, such as organic beef, as well as expanded export opportunities, is thus provided by the expanding government encouragement and support for such food products.

Demand analysis of organic beef market suggests that the organic market every where is trending the most as people are preferring organic meat over processed meat. This pushes the sales of organic beef. The fact that organic beef holds linear fats, athletes are now also choosing organic beef over any other non-organic source of protein.

The increased number of ranches owners integrated with the organic beef retail platforms that fulfils the supply chains in order to lead in the market space are also expanding the organic beef market size.

Red meat consumption has increased during the course of the last forecast period, involving the demand for organic beef. This is due to the new cuisines, internet, online food delivery and food vlogging. The social media has started influencing the food habits of people.

Key Takeaways from the Organic Beef Market Study:

The demand for organic beef in China is at an all-time high, and regional companies are competing for clients who are still concerned about food safety.
Except for organic meat like organic beef, Germany’s meat consumption is still declining
The global Organic Beef Market is forecasted to surpass US$ 21.5 Bn by the end of 2032.

“The One of the factors that has made it possible for restaurants to adopt the organic trend more and more is the simplicity of promoting organic food. Farm-fresh food that is pesticide-free and has health advantages is more popular with consumers. Additionally, restaurants are incorporating more organic foods into their menus as a result of the perception that organic food is more enticing than conventional food. This trend will help the organic beef industry expand during the ensuing years.” a FMI Analyst says

Competitive Landscape

Organic beef market outlook explains that many businesses are putting their attention on organic growth techniques including product launches, product approvals, and other things like patents and events. Acquisitions and partnerships and collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market participants to increase their clientele and business. With the growing demand for organic beef meat on the worldwide market, market players from the organic beef meat market are projected to fuel the demand for organic beef in the future.

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Recent Developments in the Market

Organic Prairie introduced a 10-minute mealtime solution on December 16, 2021USDA certification ensures that the food is free of synthetic hormones, antibiotics, fertilisers, pesticides, and fertilisers.
A new beef brand that offers 100% American, grass-fed, USDA-certified organic beef and other flexitarian goods debuted on the American market on October 6, 2021. The company is called Raise Americans. The business uses regenerative agricultural methods and aims to provide total transparency throughout the supply chain.

Get Valuable Insights into Organic Beef Market

FMI, in its new offering, provides an unbiased analysis of Organic Beef Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Organic Beef based on Product Type (Processed Meat, Fresh Meat), by Sales Channel (Indirect Sales, Direct Sales).

Browse Full Report@ https://www.futuremarketinsights.com/reports/organic-beef-meat-market

Frequently Asked Questions

How big is the Organic Beef Market?
At what Rate Organic Beef Market is expected to rise?
What is North America’s share in Organic Beef Market?
Which are the major countries driving demand for Organic Beef Market?
At what rate will the China’s Organic Beef Market grow?
Who are the top 5 players operating in the market?
What is the demand outlook forecast for the Organic Beef Market?

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Coconut Milk Market Stakeholders With Covid-19 Impact Analysis: Top Industry Trends and Segments Forecast 2022-2032

The coconut milk market size has been valued at USD 1152.71 Million in 2022 and is expected to grow to USD 2131.6 Million by 2032, at a CAGR of 7% during the forecast period.

The global impact of COVID-19 has been unprecedented and staggering, with demand for coconut milk declining across all regions as a result of the pandemic and impacting the coconut milk market future trends.

Plant-based products are both healthier and safer than animal-based products. The coconut milk market is being driven by the growing popularity of veganism around the world. Increased adoption of coconut milk is primarily due to its growing consumer popularity, as well as the product’s versatility in application.

Coconut milk is linked to lower blood pressure and cholesterol levels, which has led to a growing consumer preference for it and in turn accelerate the coconut milk market key trends and opportunities.

Another factor driving the increased sales of coconut milk is the desire for healthy beverages with low calorie content that are also tasty. To keep up with the coconut milk market trends, coconut milk market manufacturers are developing novel ways to incorporate this product into various processed foods.

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Key Takeaways:

India currently has a coconut milk market share of around 36.2% in the South Asian market.
Full fat coconut milk market share is expected to reach 46.1% in 2022.
Unsweetened coconut milk has a significant value share of the coconut milk market, accounting for 77.9% in 2022. The current market value is expected to be around US$ 1.3 billion.
During the forecast period, the coconut milk market in the United Kingdom is expected to grow at a rapid CAGR of 7.2%.
During the forecast period, the Germany coconut milk market is expected to grow at a high CAGR of 8.7%.
During the forecast period, the France coconut milk market is expected to grow at a high CAGR of 9%.
In the North American Region, the coconut milk market for coconut milk products is dominated by the United States, with a coconut milk market share of 65%.
In terms of coconut milk market size, the United States is expected to have a total market capitalization of USD 568.1 billion in 2022.
After the United States, the United Kingdom has the potential to become a coconut milk market leader. With a coconut milk market volume of USD 159.9 million, the United Kingdom is rapidly expanding.

“Coconut milk is a versatile ingredient that has a wide array of applications from food and beverage to cosmetic and skincare products. With rising health awareness and lactose intolerance, consumers are shifting towards coconut milk owing to its organic, natural, plant-based characteristics which will assist the growth of the market segment,” says a lead analyst at Future Market Insights.

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Competitive landscape:

Top 5 manufacturers of coconut milk are Nestlé, SunOpta, Inc., Danone SA, Goya Foods, and McCormick & Company, holding 20% to 30% coconut milk market share.

Companies are using coconut milk in their cosmetic and skincare products to incorporate nutrients and the skincare benefits of coconut milk. With increasing, research and development and technological advancement companies are finding new techniques to effectively use coconut milk and milk powder to their maximum potential.

Coconut milk is used by companies like KORA Organics because of its heavy concentration of essential antioxidants & amino acids, allowing it a beneficial choice for the skin. Coconut milk is abundant in MCTs (medium-chain triglycerides), which help to make it such a versatile product. MCTs have the property of antimicrobial and anti-inflammatory, making them ideal for use in masks, rinse-off cleansers, and leave-on moisturizers to help soothe and restore the skin.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of coconut milk presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Market Segmentation for Coconut Milk

By Form:

Liquid Coconut Milk
Coconut Milk Powder

By Nature:

Organic Coconut Milk
Conventional Coconut Milk

By End-Use:

Household
Food Service
Food & Beverages Manufacturing
Cosmetics & Personal Care
Other Applications

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Frequently Asked Questions

How much is the coconut milk market currently worth?
At what CAGR is the market expected to grow?
What are the key trends boosting Coconut Milk sales?
How are market players reacting to the new developments in the market?
How much share do the top 3 companies hold?
Which are the major countries driving demand for Coconut Milk?
Who are the major players in Coconut Milk Market?
What outlook does APAC provide?
At what rate will the U.S. Coconut Milk market grow?

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B2B Services Review Platforms Market is Anticipated to Touch a Value of Nearly US$ 892.8 Mn by 2032

The Global B2B Services Review Platforms Market is expected to reach US$ 892.8 Mn in 2032, to surge at 13.7% CAGR during forecast period of 2022-2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, revenue generated through cloud-based B2B services review platforms grew at a CAGR of 26.9% during 2015-2021. Most of the Cloud-based B2B services review platforms provide subscription-based packages, which consist of the software license, support services, and daily back-ups.

Large enterprises have the upper hand over the SMEs in B2B Services Review platforms

B2B services review platforms application in large enterprises generated more revenue than in SMEs. Large enterprises use the B2B services review platform to get better solutions and services from trusted business partners and scale up the profit of the enterprises. The revenue from large enterprises grew at a CAGR of 26.6% from 2015 through 2021.

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B2B Services Review Platforms Market: Competition Insights

The key companies operating in the B2B services review platforms market include Agency Vista, Clutch, Agency Spotter, UpCity, HubSpot Agency Directory, G2.com, GoodFirms, Sortlist, CrowdReviews, Procurated, Serv B2B Marketplace, Techreviewer, TheManifest, Reputedfirms, and Capterra.

Some of the recent developments by key providers of B2B services review platforms are as follows:

In March 2022, com launched G2 Partner Hub. The new G2 Partner Hub will act as a one-stop shop for maximizing its client’s investment in G2. B2B teams can utilize G2’s solutions across a variety of functions with the support of its solution-focused library of 40+ software integrations and partnerships, enabling them to operationalize their tools while organizing operations throughout their businesses.
In March 2022, HubSpot Agency Directory announced the relaunch of Service Hub. The newly developed Service Hub customer service software, help companies to prioritize the customer experience while providing genuine service. All new tools allow businesses to improve team productivity and connect to the front office while strengthening customer interactions.
In February 2022, UpCity redesigned their websites to make it easier for businesses to connect with services providers on UpCity. The new design includes a key feature called ‘UpCity Flair. Flair helps providers stick out on lists by showing icons on the top left of their listings.
In December 2021, com launched its new G2 Investor Solutions. The new offering has been built for investors based on first-party user sentiment data sourced from G2’s 60M+ annual software buyers.
In October 2020, Agency Vista introduced new side-by-side Agency comparison feature. The new agency comparison feature allows enterprises to see a side-by-side preview of agencies and companies can compare them in real-time and choose which agency is suitable for their needs.
In May 2020, Agency Spotter secured investment from outside to develop is new cloud based enterprise SpotSource.com. The SpotSource.com is designed to change the way the Fortune 500 companies perform search, engage and manage their supply chain services. This investment bring Agency Spotter’s total seed raise to US$ 230,000.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the B2B Services Review Platforms Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the B2B Services Review Platforms Market in terms of Type (On-premises, Cloud-based), Application (Large Enterprises, SMEs) across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

Key Segments Covered in B2B Services Review Platforms Industry Survey

B2B Services Review Platforms Market by Type:

On-Premises
Cloud-Based

B2B Services Review Platforms Market by Application:

Large Enterprises
SMEs

B2B Services Review Platforms Market by Region:

North America B2B Services Review Platforms Market
Latin America B2B Services Review Platforms Market
Europe B2B Services Review Platforms Market
Asia Pacific B2B Services Review Platforms Market
Middle East & Africa B2B Services Review Platforms Market

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Business as a Service Market 2022 Comprehensive Research Study and Strong Growth in Future 2032

The Business as a Service (BaaS) market is expected to grow at a mammoth CAGR of 20.2% during the forecast period. The valuation of this market stands at US$ 170800 million as on 2022, and it is anticipated to be valued at US$ 1074100 million in 2032.

If we view the Business as a Service (BaaS) as a very basic form of business service, it is like giving the business the much-required head start. The businesses can promote their products/services through A2P messaging, wherein the messages will be sent through an application, rather than a person, and the message can be related to marketing communications, notifications, etc. From the very basic level itself, sky is the limit for the business opportunities.

The applications of Business as a Service are not only limited to messaging. It provides a variety of applications like democratising business functions, seamless access to core services amongst the verticals etc. Additionally, business management becomes much easier by the implementation of Business as a Service.

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Being an application of Everything as a Service (XaaS) model, it paves the way for businesses to be reasonable, i.e., payment as per usage. Such factors might very well increase the demand for Business as a Service.

We are living in the times of instant gratification. Verticals across the businesses want to immediately access the services which is delivered by someone else. The application of Business as a Service helps us achieve this using the cloud technology.

One of the biggest benefits of using this service is that the application of cloud technology is democratising the functionalities. This promotes the concept of crowdsourcing within the organisation, as a result of which only the best practices are applied across departments. This is anticipated to increase the demand for Business as a Service.

This also helps the enterprises to revamp the business processes and develop their existing products/services.

It is essential to understand that companies which have been operating for quite a long time cannot change their conventional systems on an immediate basis. However, with the usage of Business as a Service (BaaS), the companies can either rope in or discard what they wish to spontaneously on a real-time basis.

Thus, from the analysis of Future Market Insights, it is quite clear that “The urgency to implement new technologies to drive the fundamentally different ways to drive a business through the proper implementation of data driven communication, coupled with many other factors are expected to surge the demand for Business as a Service.”

Key Takeaways:

The anticipated CAGR during the forecast period is 20.2%.
The valuation of Business as a Service market as on 2022 is US$ 170800 million
The anticipated valuation of Business as a Service market in 2032 is US$ 1074100 million
By service type, the Software as a Service (SaaS) segment had the highest market share of 67.6% in 2021.
The large enterprises had a higher market share of 65.4% in 2021, as compared to SMEs, which had a share of 35.6%.
Based on the industry size, the IT & Telecom sector had the highest market share of 23.5% in 2021.
North American market had a market share of 33.6% in2021
European market had a share of 21.3% in 2021
Asia Pacific market had a share of 30.5% in 2021
The MEA market had a share of 6.6% and Latin American market had a share of 8% in 2021

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Competitive Landscape

With increasing cases of data theft and cybersecurity issues, the key players are looking at ways to empower cloud service with trust and transparency as per the compliance with GDPR requirements. This would certainly reaffirm commitments to global data protection laws and standards. Some of the recent developments in the competitive landscape are as follows:

In August 2022, Microsoft announced that the Microsoft Offensive Research & Security Engineering (MORSE) takes a three-pronged approach to securing code within the Operating System. Red, blue and green teams, each with a different role to play, help MORSE aggressively battle security threats, repair broken code and prevent issues from ever happening.
In July 2022, AWS announced AWS Wickr, which is an end-to-end encrypted enterprise communication, which allows secure collaboration across messaging, voice and video calling, file sharing, and screen sharing.
In August 2022, Google Cloud announced the launch of Data Studio, which is a self-service business intelligence and data visualization product, as a Google cloud service, enabling customers to get Data Studio on the Google Cloud Terms of Service.

Key Companies Profiled:

Microsoft
Salesforce
Adobe Creative Cloud
AWS
Alibaba Elastic Compute Service
Google Cloud
Engine Yard
IBM Cloud
Heroku

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Key Segments in the Business as a Service Market

By Service Type:

Software as a Service (SaaS)
Platform as a Service (PaaS)
Infrastructure as a Service (IaaS)

By Enterprise Size:

SME
Large Enterprises

By Industry:

BFSI
IT & Telecom
Retail
Healthcare
Manufacturing
Transportation
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Procurement as a Service Market 2022 Future Scenarios, Growth and Analytical Insights – 2032

The Procurement as a service market was valued at US$ 6.7 Bn in 2022 and is expected to reach a valuation of US$ 13.3 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings, revenue through the Strategic Sourcing component grew at a CAGR of 7% during 2022-2032.

Strategic sourcing is a process that increases efficiencies across all spend categories, reduces supply risks through enhanced supplier selection, and improves pricing and forecasting visibility.

US Continue to dominate the procurement as a service market

The procurement as a service market in the US was valued at around US$ 2.2 Bn in 2021 and is estimated to reach a valuation of US$ 2.4 Bn in 2022, According to a research report published by ISG Provider Lens the covid-19 pandemic has accelerated the adoption of procurement as a service among the public sectors in US.

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The pandemic has shown the drawbacks of the traditional procurement process, which paced the demand for the digital transformation of the procurement process in the public sector. Many public sector organizations are using procurement as a service to increase efficiency and predictability of expenses of their procurement process which is expected to drive the market in the US. The procurement as a service market in the US has projected to reach a valuation of US$ 4.7 Bn by 2032.

“Procurement as a service provider are introducing AI, and machine learning to improve the procurement services” comments an analyst at Future Market Insights.

Procurement as a Service Market: Competition Insights

Procurement as a Service providers are performing merger and acquisition strategies to gain expertise and market share. The key companies operating in the procurement as a service market include Accenture, Infosys, GEP, Genpact, Proxima, WNS Denali, Capgemini, IBM, Wipro, HCL Technologies, Tata Consultancy Services(TCS), Xchanging, Aegis Components Inc., Corbus LLC, Bain & Company, CA Technologies, Hewlett Packard Enterprise Development LP, Skybox Security Inc, Palo Alto Networks, Inc and Cisco Systems, Inc.

Some of the recent developments by key providers of procurement as a service are as follows:

In May 2022, Bain & Company acquired Proxima, wherein the latter’s expertise in the procurement and supply chain sectors will improve Bain & Company’s existing procurement solutions portfolio. Proxima will operate independently under Bain & Company service line.
In February 2022, Bain & Company acquired ArcBlue, a leading procurement consulting across Asia Pacific region. ArcBlue will operate independently as Bain’s special procurement implementation service line. The acquisition will strengthen Bain’s existing procurement offerings and improve its operation in Asia Pacific.
In November 2021, Accenture acquired ClearEdge Partners, a firm focusing on procurement spend management. The acquisition will help Accenture to extend its expertise to help clients generate cost savings and gross more value form its existing IT investments.
In November 2021, Accenture and Icertis announced a strategic partnership that combines the latter’s Icertis Contract Intelligence (ICI) and Accenture’s digital transformation capabilities, which will help the clients to get better visibility into their contracts and help them to manage risks and the contracting process more effectively and efficiently.
In November 2021, WNS launched WNS FINSIBLE a set of banking solutions enabling FinTechs to efficiently streamline, manage and scale operations. FINISBLE provides an entire end-to-end value chain of the banking process, including deposits and payments, lending, risk& compliance customer service and advisory services. The offering is customizable and scalable to address the need of FinTech clients regardless of their operational maturity.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Procurement as a Service Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Procurement as a Service Market in terms of Component (Strategic Sourcing, Spend Management, Contract Management, Category Management, Process Management, Transactions Management) By Organization Size (Large Enterprises, Small and Medium Sized Enterprises) By Vertical (Manufacturing, Retail and consumer packed goods, Banking, Financial Services, and Insurance, IT and Telecom, Energy and Utilities, Healthcare, Travel and Hospitality, Others), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

Key Segments Covered in Procurement as a service Industry Survey

Procurement as a Service Market by Component:

Strategic Sourcing
Spend Management
Contract Management
Category Management
Process Management
Transactions Management

Procurement as a Service Market by Organization Size:

Large enterprises
Small and Medium-sized Enterprises (SMEs)

Procurement as a Service Market by Vertical:

Manufacturing
Retail and consumer packaged goods
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Energy and Utilities
Healthcare
Travel and Hospitality
Others (government, and media and entertainment)

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Procurement as a Service Market by Region:

North America Procurement as a Service Market
Latin America Procurement as a Service Market
Europe Procurement as a Service Market
Asia Pacific Procurement as a Service Market
Middle East & Africa Procurement as a Service Market

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Smart Home Automation Market Size To Reach US$ 168 Billion By 2032 | Report by FMI

The global smart home automation market is estimated to grow from US$ 72 Billion in 2022 to US$ 168 Billion in 2032 while displaying a CAGR of 8.84% during the 2022-2032 period. Increasing penetration of the Internet of Things (IoT) has evolved the machine to machine communication which has motivated users to adopt smart home automation technology.

Integration of modern technologies such as IoT, AI, and ML, the demand for smart devices is expected to rise in the coming time. According to a Voicbot.ai survey, in January 2020, about 87.7 million US consumers were using smart speakers. Further, smart city projects are growing in number across the globe, surging the demand for home automation businesses.

With access to home accessories from remote locations, users can regulate their home appliances in their absence. They can also keep a watch on any activity taking place within the house through video surveillance systems. For instance, in February 2022, India-based home automation company, One Switch, announced the launch of franchising options for the expansion of their smart home automation services.

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The eco-friendly solutions such as automatic water sensors and motion sensors, offered by smart home companies like One Switch, have also helped in reducing electricity bills and enhancing the overall home environment.

The automation tools and equipment are expensive, thus, users with average or below average disposable income find it challenging to buy such modern services. Due to its high cost, there is polarization in the procurement of such advanced equipment. Thus, the cost barrier is anticipated to play a significant role in limiting the market growth during the forecast period. Further, various users are yet not well familiar with such technology which limits the adoption of smart home automation devices. Thus, the complicated technologies and applications are likely to inhibit the market growth in the assessment period.

Key Takeaways from the Market Study:

Global smart home automation market value to surge 2.3x from 2022 to 2032
By application, smart home automation for entertainment to experience a CAGR of 7.8% until 2032
Wireless smart home automation to be most sought after, expected to accumulate 44% revenue in 2022
North America to emerge as the fastest growing market, expanding at an 8% CAGR
Europe to be the 2^nd largest market for smart home automation, inclining at a 7.7% CAGR
Asia Pacific to present significant growth opportunities, reflecting a 7.5% value CAGR

“Increasing demand for comfort and growing deployment of modern technologies such as AI, ML, and IoT in home appliances is expected to benefit the market during the forecast period. Also, increasing disposable income of developing countries is likely to offer several opportunities of expansion to the players in the market,” says an FMI analyst.

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Competition Analysis

Key players in the global smart home automation market include Control4 Corporation (U.S.), BB Ltd. (Switzerland), Crestron Electronics, Inc. (U.S.), Ingersoll-Rand plc (Ireland), Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Leviton Manufacturing Company, Inc. (U.S.), Legrand SA (France), Lutron Electronics Co., Inc. (U.S.), Schneider Electric (France), and Siemens AG (Germany).

Recent Developments in the Industry include:

In July 2022, Schneider Electric launched the Wiser App to create awareness about the potential of Wiser Smart Homes. The app requires minimal rewiring and has the ability to support Google Home Assistant and Alexa which offers the needed comfort to consumers on a regular basis.
In July 2020, Johnson Controls, a renowned player for smart and sustainable buildings, launched OpenBlue, a complete suite of connected solutions and services that combine the Company’s 135 years of building experience with modern technology. The new suite of connected solutions allows previously unimaginable occupant experiences, respectful safety and security, and impactful sustainability, driven by cutting-edge connected technology.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global smart home automation market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Component (Hardware, Software, Services), Technology (Cellular, Wireless, Other), Application (Security, Lighting, Entertainment, HVAC & Energy Management, Smart Kitchen), & Region.

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Key Segments Profiled in Smart Home Automation Market

Smart Home Automation Market by Component:

Smart Home Automation Hardware
Smart Home Automation Software
Smart Home Automation Services

Smart Home Automation Market by Technology:

Cellular Smart Home Automation
Wireless Smart Home Automation
Other Smart Home Automation Technologies

Smart Home Automation Market by Application:

Smart Home Automation for Security
Smart Home Automation for Lighting
Smart Home Automation for Entertainment
Smart Home Automation for HVAC & Energy Management
Smart Home Automation for Smart Kitchens

Smart Home Automation Market by Region:

North America Smart Home Automation Market
Europe Smart Home Automation Market
Asia Pacific Smart Home Automation Market
Latin America Smart Home Automation Market
Middle East & Africa Smart Home Automation Market

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Climate Tech Market Set to Witness an Uptick Size US$ 147.5 Bn to 2032: Future Market Insights, Inc.

According to a recent report published by Future Market Insights (FMI), the global climate tech market is estimated to showcase a noteworthy CAGR of around 24.2% from 2022-2032.

The report states that the global market is expected to reach a valuation of ~US$ 16.9 Bn by the end of 2022 and ~US$ 147.5 Bn by 2032. Stringent regulations to control climate pollution in major economies would drive demand for climate tech solutions and services.

Demand for climate tech solutions is expected to grow rapidly across a wide range of industries, including utilities, power & energy, transportation & logistics, and oil & gas. The climate tech market is expected to grow at a rapid pace as a result of increased use of advanced technologies to monitor various forms of pollutants.

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Key Takeaways: Climate Tech Market

By component, the solutions segment is anticipated to account for the largest share of 7% in the global climate tech market by 2032.
By technology, the blockchain segment is estimated to grow at a robust CAGR of 9% during the forecast period.
By application, the carbon footprint management segment is set to grow at 6% CAGR during the evaluation period.
The U.S. accounted for about 3% of the North America climate tech market share in 2021.
The global climate tech market exhibited a CAGR of around 5% during the historical period (2017-2021).

“Emergence of Industry 4.0 to promote the use of sustainable practices and eco-friendly technology for reducing power and energy consumption is projected to drive demand for climate tech,” says a FMI analyst.

Promotion of Green Technology by Government Agencies to Drive the Global Market

The global climate tech market is set to expand at a rapid pace as consumers and businesses are becoming more conscious about the negative effects of climate change. Various countries are also focusing on using renewable energy sources to cut back on pollution and provide a brighter future to the next generation.

Key players worldwide are investing huge sums in renewable energy projects to support the advancement of various sectors, including transportation. Government agencies are also attempting to promote green technologies, which would aid growth.

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More Valuable Insights on Climate Tech Market

Future Market Insight’s report on climate tech market industry research is segmented into five major sections – component (solutions, and services [consulting, integration & deployment, and support & maintenance]), technology (IoT, AI & analytics, digital twin, cloud computing, security, and blockchain), application (carbon footprint management, green building, water purification, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting, air & water pollution monitoring, and sustainable mining & exploration), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the climate tech demand outlook.

Climate Tech Outlook by Category

By Component:

Climate Tech Solutions
Services
- Consulting
- Integration and Deployment
- Support and Maintenance

By Technology:

IoT
AI and Analytics
Digital Twin
Cloud Computing
Security
Blockchain

By Application:

Carbon Footprint Management
Green Building
Water Purification
Soil Condition/Moisture Monitoring
Crop Monitoring
Forest Monitoring
Weather Monitoring and Forecasting
Air and Water Pollution Monitoring
Sustainable Mining and Exploration

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By Region:

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

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Soft Ferrite Core Market 2022 New Technological Development Projecting Massive Growth till 2032

The global soft ferrite core market is expected to generate around US$ 3.3 billion by 2032, up from US$ 1.8 billion in 2022, with a CAGR of 6% over the forecast period.

Soft Ferrite Cores are made up of ceramic electromagnetic material used for high frequency inductors and transformers. Soft Ferrite cores are widely used in power applications and electromagnetic applications. Soft ferrite cores are made up of material that can be easily magnetised and demagnetised.

These soft magnetic cores are primarily use to enhance the flux produced by an electric current. Moreover, soft magnetic cores are extensively used in several power circuits such as magnetic amplifiers, inductors, chokes, and current transformers. Presently, Soft ferrite cores are widely used in high frequency transformers. It requires less air conditioning because of this feature soft ferrite core plays a significant role in energy saving.

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Soft Ferrite Core Market: Drivers and Restraints

High frequency characteristic is the major factor which is driving the demand of soft ferrite core market and these cores are widely adopted for manufacturing of automobile components. Moreover, Ferrite cores are used to improve efficiency of power supplies (switch mode power supply) with minimised power transformer losses which is turning to the another major factor driving the growth of soft ferrite core market in positive manner.

Complexity in minimising eddy current losses is the major challenge faced by most of the manufacturers in soft ferrite core market

Global Soft Ferrite Core Market: Competitive Landscape

Key Players

The major player operating in Soft Ferrite Core market includes TDK Corporation, DMEGC, MAGNETICS, Acme Electronics, Hitachi metals  Ltd., Ferroxcube International Holding B.V., HEC Group, Toshiba materials Co. Ltd.  and SAMWHA Electric.

Recent Development

In March 2015, Hitachi metals introduced new soft ferrite core materials with high frequency characteristics
In April 2016, Hitachi metals Ltd. Launched new ferrite core material with better temperature properties for automobile components

Global Soft Ferrite Core Market: Regional Trend

Asia pacific region is holding the largest share of ferrite core market. In this region, developing countries such as India and China are moving fast towards adoption of renewable energy resources, and increasing concern related to energy saving is boosting the demand of soft ferrite core manufacturers in positive manner. The market of Asia Pacific region is followed by North America and Europe.

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The report covers exhaustive analysis on