Market Research Blog – Page 9841 – New Product Development

Context Rich Systems Market is likely to grow at a CAGR of 17.34% through 2032

The global content rich systems market is estimated at US$ 5.1 Billion in 2021 and is projected to reach US$ 5.8 Billion by 2022. The market is expected to reach US$ 24.6 Billion by 2032 while recording a CAGR of 15.5% during the forecast period from 2022 to 2032.

As the need for personalized experiences becomes more important in the communication technologies industry, content-rich systems play an essential role. As context-rich systems become increasingly essential for smartphones, tablets, and PC users, the market for context-rich systems will expand in the near future.

In order to further stimulate the market demand for content rich systems in the market, online transactions and software platforms in support of retailers, companies, and shopping malls are being created. These smart zones deal with targeted, location-specific products information, discount discounts, and offers for shoppers.

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Key Takeaways:
The global content rich systems market is currently valued at US$ 5.8 Billion, with a CAGR of 15.5% during the forecast period. Smartphones devices for the content rich systems segment to expand at a CAGR of 16% during the forecast period In India, the market is predicted to reach US$ 2.2 billion while growing at a CAGR of 23.5% during the forecast period.

The E-commerce & Retail industry application market will grow at a 12.6% CAGR during the forecast period.
Brazil recorded a CAGR of 16% CAGR during the forecast period. Japan is expected to reach a CAGR of 15.9% during the forecast period between 2022 and 2032.

Competitive Landscape

Key Players that have been profiled in the report are Amazon.com, Inc., Apple Inc., Baidu, Meta Platforms Inc., Alphabet Inc., IBM Corporation, Capgemini, and InMobi. In an effort to emerge as a recognized and profitable business, firms continue to adopt a strategy that includes new product launches, R&D, patents, approvals, events, product innovations, joint ventures, partnership agreements, digital marketing, collaborations, mergers,, and acquisitions.

A new Content Services Platform will be presented by OpenText at AIIM conference 2021 in April 2021. OpenText Core Content and OpenText Core Case Management, delivered with OpenText Cloud Editions 21.2, are multi-tenant cloud offerings that can be customized to meet specific business, departmental, and industry needs.

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Market Segmentation

Global Context Rich Systems market is mainly classified on the basis of component, devices, verticals and regions.

On the basis of component, global context rich systems market is segmented into

software
hardware components

On the basis of devices the market is segmented as

smartphones
tablets
desktops
Others

On the basis of verticals the market is segmented as

BFSI
medical & healthcare
retail & e-commerce
transportation
gaming & entertainment
others

On the basis of regions, the market is segmented into 7 key regions:

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

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

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Lip Powder Market to be US$ 592.1 Mn by 2027 | Future Market Insights

The lip powder market size is estimated at US$ 439.7 Mn in 2022 and is projected to reach US$ 592.1 Mn by 2027, at a CAGR of 6.1% from 2022 to 2027. The share of the lip powder market in its parent market (cosmetics market) is close to ~0.5%-2%.

Roughly equating US$ 350 Mn in 2022, the global Lip Powder Market revenue is poised to see an impressive growth outlook over next eight years. According to a market report published by Future Market Insights, titled ‘Lip Powder Market: Global Industry Analysis and Opportunity Assessment 2022-2027,’ lip powder products sales will account for a healthy CAGR of just-under 6% during the forecast period (2022-2027). APEJ (Asia Pacific excluding Japan) will continue to hold the highest revenue share in the lip powder market, says the report.

Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder

The lip powder market is yet to reach its peak of growth and currently reflects a high growth potential in the beauty and personal care products industry, as indicated in FMI’s study. Lip powder is considered the latest trend or evolution in lipsticks that offers several advantages over conventional lipsticks, which is among the key factors driving popularity of lip powder.

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Globally, the lip powder market is gaining traction due to the advantages of lip powder over conventional lipsticks. Lip powders are infused with hydrating oils and Vitamin E, which provide a smooth and long-lasting finish. One of the unique features of lip powder is the combination of matte and shimmer, which is hard to achieve with conventional lip products.

Unlike conventionally used lipsticks, lip powder gets absorbed into the lips and provide them with a smooth texture with long-lasting color and vibrant look. Introduction of innovative beauty products continues to encourage a large number of people to experiment with choices of products as well as brands, and lip powder marks one of the recent hottest trends in the beauty and cosmetic industry.

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Product Innovations – Key to Success in Lip Powder Market

Currently, lip powders are available in the market in two forms – viz. palettes and pen. Both these forms are different by nature and by methods of application. Lip powder palettes that currently account for more than 55% of total sales will remain the strongest selling product category, according to FMI. The report attributes dominance of lip powder palettes over lip powder pens to higher convenience associated with the former.

Rapid product innovations and the ever-evolving retail landscape are likely to be the key factors associated with strengthening of distribution channels, for leading players active in lip powder market.

However, lip powders have certain limitations, which are likely to restrain the growth of the market. These limitations include the perception or fear of exposing any flaws in the lip texture. Several consumers also doubt applicability of lip powder on a daily basis and find it gaudy over routine lipsticks. In addition, lip powder is yet to completely enter the comfort zone of a majority of women’s cosmetic regime, which will remain a challenge to rapid growth of the lip powder market.

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Key Players in the Lip Powder Market Profiled in Report

Deep-dive analysis of strategic profiles of key companies operating in the lip powder market are covered in the global lip powder market report, in a bid to help participants understand and evaluate their key products offerings, strategies, and recent developments.

Some of the key participants profiled in the global lip powder market report include Maybelline LLC, Urban Decay Cosmetics, BUXOM Cosmetics, Clinique Laboratories LLC, CLE COSMETICS, Lique Cosmetics Company, Revlon, Inc., Cult Beauty Company, CHANEL Company, Essence Cosmetics Company, Sephora USA, Inc., Huda Beauty Company, L’Oréal S.A., NYX PROFESSIONAL MAKEUP, and Christian Dior SE.

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

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Acoustic Insulation Market is likely to garner US$ 22.9 Billion in 2032

The global acoustic insulation market is expected to secure US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022. The market is projected to garner US$ 22.9 Billion in 2032 while expanding at a CAGR of 4.6% during the forecast period. Increased affordable capabilities of the middle-class population are expected to have played a major role in driving the market in the assessment tenure.

The growing focus to develop building infrastructure to offer a convenient environment in public areas has resulted in a surged sound barrier installation across various sectors like railways, highways, airport runaways, stations, and others.

Also, increasing product launches is another salient cause driving the market. For instance, in January 2021, Armacell disclosed a strategic partnership with German TITK Group and Melamine. Armacell announced to manufacture competent insulation products with melamine resin-based nonwovens. It is flame and UV-resistant.

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In another instance, in August 2020, Armacell rolled out ArmaGel DT acoustic insulator. It gives exceptional low thermal conductivity and high acoustic performance and has lessened insulation thickness against its other insulation counterparts. With the launch of such updated and advanced products, the market is anticipated to expand in the coming time.

On the other hand, the sluggish growth of construction activities in Europe is likely to act as a significant hindrance to market growth. Also, volatility of raw materials and high demand for raw materials containing greenhouse gases are some of the other causes impeding industry growth. However, with the advent of aerogel, the market is anticipated to counter the hampering cases, aiding in market expansion.

Key Takeaways

The global acoustic insulation market to garner US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022.
The global acoustic insulation market to value US$ 22.9 Billion in 2032 and record 4.6% CAGR during the forecast period
The building and construction segment to record a 4.1% CAGR
The foamed plastic segment to exhibit a 4.3% growth rate
The U.S market to be valued at US$ 7.4 Billion, exhibiting 4.2% CAGR during the forecast period.

Competitive Landscape

Key players in the global acoustic insulation market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S, among others. Recent developments among players include:

In January 2020, Saint-Gobain acquired Sonex in Brazil, a company renowned for manufacturing and supplying acoustic ceiling systems, marketed in particular under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected to expand the group’s position in Brazil.
In August 2020, Armacell rolled out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to customers globally with fine quality.

Key Segments Covered in the Acoustic Insulation Market Survey

Acoustic Insulation by Type:

Glass Wool Acoustic Insulation
Rock Wool Acoustic Insulation
Foamed Plastic Acoustic Insulation
Elastomeric Foam Acoustic Insulation

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Acoustic Insulation by End Use Industry:

Acoustic Insulation for Building and Construction
Acoustic Insulation for Transportation
Acoustic Insulation for Oil & Gas and Petrochemicals
Acoustic Insulation for Energy & Utilities
Acoustic Insulation for Industrial & OEM

Acoustic Insulation by Region:

North America Acoustic Insulation Market
Europe Acoustic Insulation Market
Asia-Pacific Acoustic Insulation Market
Middle East & Africa Acoustic Insulation Market
Latin America Acoustic Insulation Market

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Customer Revenue Optimization Software Market is to US$ 18.2 Bn in 2032

The global customer revenue optimization (CRO) software market is expected to rise at a CAGR of 7.1% to reach a market valuation of US$ 18.2 Bn by 2032 from US$ 9.2 Bn by 2022.

Rising technological advancements, coupled with effective business workflow potential, are key driving forces for customer revenue optimization software market size growth. Furthermore, the rising demand for revenue management solutions across a wide range of industries has had a positive impact on the market for customer revenue optimization software.

Customer revenue optimization (CRO) software is a CRM evolution that uses data from that system for intelligent power interactions. Relationship maps and organizational charts, sales analytics, customer account planning, automated deal renewal, and other applications may be included in a customer revenue optimization system to help win bigger deals by better knowing the client.

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List of Key Players Covered in Customer Revenue Optimization (CRO) Software Market are:

Altify
Revegy Inc
Gainsight Inc.
Sales Optimizer LLC
Evergent Technologies Inc.

Demand for customer revenue optimization software has been high as a result of its ability to improve business productivity standards, which has acted as a primary driving element in the market’s significant expansion. Customer revenue optimization software enables businesses to maximize income per customer while keeping a solid customer relationship.

Furthermore, customer revenue optimization software functions as an updated version of CRM software, assisting sales teams in increasing revenues by leveraging data from marketing, customer service, and other sources.

The customer revenue optimization (CRO) software market adoption trends indicate that the software is becoming increasingly popular among businesses because it provides real-time business insights much faster than traditional methods, increasing team efficiency and raising performance expectations.

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Key Takeaways

The sales analytics deployment segment of the customer revenue optimization (CRO) software market is expected to rise at a CAGR of 7.1% throughout the forecast period.
Rising technical improvements, as well as the software’s potential to improve business productivity standards, are some of the primary driving factors fueling the market for customer revenue optimization software. During the forecast period, North America is expected to have a significant increase in the worldwide customer revenue optimization software market. High investments in research and development have contributed to the region’s high growth in the customer revenue software industry. Large organizations across the area are increasingly adopting revenue management systems, which has fueled the expansion of customer revenue software and improved the customer revenue optimization (CRO) software market outlook.
The US customer revenue optimization software market size is expected to reach US$ 6.3 Bn by 2032. Rising digitalization, as well as the expansion of industrial sectors aimed at boosting corporate productivity standards, is having a significant impact on the growth of the customer revenue optimization software market in this area.

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Regional Insights

North America is expected to grow at a significant rate in the worldwide customer revenue optimization software market, with an anticipated CAGR of 6.9% expected during the forecast period. Significant investments in research & development activities have aided in the region’s high growth in the customer revenue software industry.

Large organizations across the area are increasingly adopting revenue management systems, which has fueled the expansion of customer revenue software.

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Conversational AI Market is anticipated to reach US$ 40.5 Billion in 2032

According to a recent study by FMI, the conversational AI market is expected to reach US$ 40.5 billion by 2032, up from US$ 8.3 billion in 2022, expanding at a high CAGR of 17.2%. This study explains that the key factors such as rise in demand for AI-based Gartner chatbots solutions are expected to augment the growth of the market during the forecast period.

The major factors that are expected to accelerate the growth of the conversational AI market during the forecast period include increasing demand for AI-powered customer support services, omnichannel deployment, and reduced chat bot development costs.

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Furthermore, the rising demand for AI-based chatbots to stay connected and increasing focus on customer engagement are the major factors adding value to the conversational AI offerings, which is expected to provide opportunities for enterprises operating in various verticals in the conversational AI market.

With advancements in the use of AI technology, organizations are making use of conversational AI solutions to offer customer service efficiently. This is another major factor that is expected to accelerate the market growth during the forecast period. The growing use of AI and NLP technologies has enabled companies to build intelligent agents and add services as well as perform tasks integrated with other multiple platforms.

There is further scope for the integration of new capabilities, such as gesture recognition in conversational AI offerings. These factors are further expected to propel the market growth over the analysis period.

Key Takeaways from the Market Study

Global Conversational AI Market was valued at US$ 8.3 Bn by 2022-end
The US to account for the highest value share of US$ 14.0 Bn of global market demand for Conversational AI Market in 2032
From 2015 to 2021, Conversational AI demand expanded at a CAGR of 28.2%
By Component, the Services category constitutes the bulk of Conversational AI Market with a CAGR of 16.6%.

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Competitive Landscape
Players in the global Conversational AI Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In September 2021 Astro is a new and different kind of robot, one that’s designed to help customers with a range of tasks such as home monitoring and keeping in touch with family.
In April 2021, Microsoft announced the acquisition of an AI-based technology company, Nuance Communications, for USD 19.7 billion in an all-cash transaction. The acquisition of Nuance will expand Microsoft’s capabilities in voice recognition and transcription technology.

In March 2021, Google Cloud announced the general availability of Vertex AI, a managed machine learning (ML) platform that allows companies to accelerate the deployment and maintenance of artificial intelligence (AI) models.
In January 2020, AWS made Amazon Lex chatbot integration available in Amazon Connect in the Asia Pacific (Sydney) AWS region. Amazon Lex chatbots can assist users in changing passwords, bringing up requested account balances, and scheduling an appointment by vocalizing a prompt rather than saying a number from a list of options.

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By Key Players

Google
Microsoft
IBM
AWS
Baidu
Oracle
SAP
FIS
Artificial Solutions
Kore.ai
Conversica
Inbenta
Creative Virtual
SoundHound
Avaamo
Haptik
Solvvy
MindMeld
Kasisto
Gupshup

Key Segments

By Component:

Solution
Services
- Training and Consulting Services
- System Integration and Implementation Services
- Support and Maintenance Services

By Type:

Chatbots
Intelligent Virtual Assistants

By Deployment Mode:

Cloud
On-Premises

By Organization Size:

Large Enterprises
Small and Medium-Sized Enterprises (SMEs)

By Mode of Integration:

Web-Based
App-based
Telephonic

By Technology:

Machine Learning and Deep Learning
Natural Language Processing
Automatic Speech Recognition

By Business Function:

Sales
Finance
HR
Operations
IT Service Management

By Vertical:

Banking Finance Services and Insurance
Healthcare and Life Sciences
IT and Telecom
Retail and eCommerce
Travel and Hospitality
Media and Entertainment
Automotive
Others (Government, Education, Energy and Utilities, and Manufacturing)

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Natural Cosmetics Market Analysis and Market Studies for 2027

The natural cosmetics market was valued over US$ 36 Bn in 2019, witnessing a moderate CAGR during forecast period 2019 – 2027. A new study by FMI forecasts that natural cosmetics market will grow at 4.8% in 2019. Key factors fuelling demand for natural cosmetics include,

Growing consumer concerns regarding the side effects of chemicals in cosmetics & toiletries
Demand for natural ingredient percolating from food to non-food products including cosmetics & personal care
Dissemination of knowledge regarding benefits of natural ingredients and increasing ethical consumerism

The study finds that household consumption of natural cosmetics remains higher as compared to their demand in commercial spaces of salons & spa. Consumer preference for organic and natural products is no more limited to food & beverages landscape, with organic cosmetics sales surging in recent years. According to FMI, sales of natural cosmetics in the household segment is likely to account for over two-third of the global revenues in 2019.

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Hair Care Natural Cosmetics Accounted for Nearly One-Third Sales in 2018

The study revealed that in addition to growing popularity of natural skin care products, consumer preference for natural hair care products is also growing. Plant-based hair care products are witnessing popularity among an increasingly growing consumer demographic looking for chemical-free products for daily use. These factors are also fuelling the natural skin care product category, which is set to grow at over 5% in 2019 over the previous year.

“Skincare and hair care products are among the traditional products used for grooming and have witnessed significant evolution in formulations wherein plant-based and organic products are trending in the cosmetics & personal care industry. A combination of hair care and skin care products accounted for over half the natural cosmetics market revenues in 2018 and the status-quo will continue in the coming years,” says FMI.

Unisex Natural Cosmetics Top Selling, Male Products Gaining Traction

The study finds that sales of unisex natural cosmetics have spearheaded the market for many years. In 2019, the trend is likely to continue and the sales of unisex natural cosmetics will hold over one-fourth of the global revenues. Consumers’ greater orientation towards unisex natural cosmetics can be attributed to their higher sales in the market.

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The increasing interest of male grooming is a new trend in the industry which is expected to translate into higher sales in the ‘for men’ category in 2019. Natural cosmetics for females are also gaining popularity, as local manufacturers use their traditional herbal know-how in delivering broader and safer natural cosmetics portfolio.

Distributors Accounted for 2 in 10 Sales of Natural Cosmetics in 2018

FMI’s thorough study of the distribution network of the natural cosmetics market reveals that wholesalers or distributors remain the preferred choice for the purchase of natural cosmetics among consumers. Over 2 in 10 natural cosmetics products were sold through wholesaler or distributors in 2018.

Apart from this conventional sales channel, consumers also prefer convenience stores to purchase natural cosmetics. While sales through convenience stores were comparable to that of wholesalers or distributors, hypermarket/supermarket and specialty stores also continue to register considerable unit sales of natural cosmetics. Consumers also chose online purchase option, however, limited options of premium products restrict the sales as consumers prefer cost-effective and reliable products.

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Natural Cosmetics Sales in Europe Continue to Surge

FMI opines that Europe will be the largest consumer of natural cosmetics and APEJ and North America are expected to follow suit. Europe has a sophisticated legislative framework for cosmetic market players to enter the EU market.

Further, Europe’s love for natural plant-based ingredients combined with the region’s efforts to promote sustainability is fueling the demand for natural ingredients. In Europe, demand remains concentrated in EU5 countries which include Germany, France, Italy, Spain and the UK, wherein presence of an extensive distribution network with a number of sales channels, the natural cosmetics market is attracting new consumers.

Natural Cosmetics Market Segmentation

By Product Type

Skin Care
Hair care
Color Cosmetics
Fragrance
Oral Care
Toiletries

By Application

Male
Female
Unisex
Baby

By End-use

Personal Care (Household)
Salon & Spa

By Sales Channel

Hypermarket/Supermarket
Online Stores
Convenience Stores
Speciality Stores
Wholesale/Distributors
Club Stores

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Accounts Receivable Automation Market is anticipated to reach US$ 6.6 Billion in 2032

Accounts Receivable Automation Market is expected to reach US$ 6.6 Billion by 2032, up from US$ 2.4 billion in 2022, expanding at a high CAGR of 10.7%. This study explains that the key factors such as growing volumes of financial transactions have led to a need for an efficient cash management system, which in turn fuels the market growth.

The major factors that are expected to accelerate the growth of the Accounts Receivable Automation Market during the forecast period include improving cash position, increase control over cash and working, increased account receivable management efficiency, and improved customer communication, with rise in customer service and satisfaction with reduced administrative cost in minimizing credit risk.

Moreover, the rising workflow automation practices across different industry sectors have led to automation in account receivable processes. These solutions help in improving the cash flow as well as reduce the accounting cycle time. All these factors are aiding the growth of the accounts receivable automation market.

In addition, due to the continuously changing environment every business is focusing on enhancing their business efficiency, which can be achieved with the help of better managing of account receivables such as digital invoice and payments which is another factor that is expected to accelerate the growth of the Accounts Receivable Automation market during the forecast period.

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Key Takeaways from the Market Study

Global Accounts Receivable Automation Market was valued at US$ 2.4 Bn by 2022-end
The US to account for the highest value share of US$ 2.4 Bn of global market demand for Accounts Receivable Automation Market in 2032
From 2015 to 2021, Accounts Receivable Automation demand expanded at a CAGR of 12.2%
By Component, the Solution constitutes the bulk of Accounts Receivable Automation Market with a CAGR of 10.2%.

Competitive Landscape

Players in the global Accounts Receivable Automation Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In May 2021, Esker announced a strategic partnership with KPMG France to guide businesses in their transition to e-invoicing. The alliance will combine their respective expertise to accompany administrative and financial departments in their digital transformation.
In May 2021, Quadient announced that its software-as-a-service (SaaS) accounts receivable (AR) automation solution Yay-Pay by Quadient shall be available to small and medium-sized businesses through the web-based Marketplace of Sage which is a provider of cloud business management solutions. Partnering with Sage shall enable the company to build a fast-growing AR automation SaaS solution in the market.
In March 2021, HighRadius and Sage Intacct Inc. collaborated on Artificial intelligence (AI)-based autonomous systems for automating treasury and accounts receivables processes.
In January 2021, SAP SE had received a seed investment for its new venture Paid Pronto. The application helps in automating accounts receivable processes.

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Know More About What the Accounts Receivable Automation Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Accounts Receivable Automation Market, providing historical data for 2015-2021?and forecast statistics from 2022-2032. To understand opportunities in the Accounts Receivable Automation Market, the market is segmented on the basis of component, deployment mode, organization size, vertical across five major regions.

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Inline Quality Control Sensors Market Global Industry Analysis, Size and Forecast 2028

Increasing need for detecting contamination to push the demand for Inline quality control sensors

Inline quality measurement enables processes to run with a higher level of control. Changes in the process, caused by raw materials, energy supply, or operational influences, can be detected immediately. Types of inline quality control sensor include Point profile sensors, Line profile sensors, and Snapshot sensors.

Profile sensors are the speed demons of the 3D smart sensor family. Using a single laser point, these sensors are able to scan at very high speed (32 kHz).
line profile sensors project a line of laser light onto an object to measure the contour or profile of the surface.
Snapshot sensors are different from laser-based sensors in that they use blue LED structured light as their projection source.

Inline quality control tracks the process every second to complement lab testing, completing the picture and facilitating continuous quality improvements. Manufacturer offers a wide portfolio of technologies and process instrumentation that help to –

Ensure product quality and protect your brand
Avoid product losses
Increase plant availability
Reduce raw material

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Inline quality control sensors market: Research Methodology

Both supply and demand side analysis were performed to arrive at the market size for inline qulaity control sensors.

Supply-side analysis

The key manufacturers of various inline quality control sensors were identified and their revenues were recorded from various databases and their annual reports. Segmental revenue was then calculated to determine the percentage of revenue share that is generated from the sales of inline quality control sensors. Various focused group discussions were conducted, supported by interviews with marketing heads of inline quality control sensor manufacturers, independent consultants and distributors among others, to validate the data.

Demand-side analysis

The overall market size for sensors used in automation was determined and the penetration of inline variants for the packaging industry was estimated. Bottom-up analysis was then used to validate the numbers. To estimate the numbers, the demand for inline quality control sensors was mapped for all the key manufacturers and their production facilities.

Inline quality control sensors market: Key Players

Some of the key players operating in the global Inline quality control sensors market are –

Tier 1 companies (Those with revenue generated from selling inline quality control sensors > US$ 8 Mn)

LMI Technologies Inc.
Sick AG
Banner Engineering Corp.
Nix Sensor Ltd.
Arck Sensor

Tier 2 companies (Those with revenue generated from selling inline quality control sensors lying in the range of US$ 5 Mn – US$ 8 Mn)

Shinkoh-electronics Co., Ltd.
Micro-Epsilon Messtechnik GmbH & Co. KG
ROPTEC GmbH
Stemmer Imaging Ltd.
Baumer Group

Tier 3 companies (Those with revenue generated from selling inline quality control sensors < US$ 5 Mn)

Contrinex AG
Abiz Technology Co., Ltd.
Leuze Electronic GmbH + Co. KG
FocalSpec Oy
Keyence Corporation
Rockwell Automation, Inc.

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Key developments & Trends

Inline quality control sensors are mostly used in industries, such as the pharmaceutical industry and the food & beverages industry, where extensive rules and regulations govern the quality of the manufacturing and packaging process. Tasks, such as detecting contamination in packed foods, quality control in packaging processes and ensuring reliable air-tight packaging are critical and therefore, the need of the hour. The global inline quality control sensors market is characterized by constant research and development and frequent upgrades in the sensor technology, which significantly enhances their ability to detect several parameters inline. Some of the key trends in the inline quality control sensors market are –

Rapid adoption of inline quality control sensors by food & beverage companies to reduce operator interventions and product returns. For instance, a cleaning product manufacturer based in North America recently installed a iVu Plus TG sensor. This sensor helps them identify mislabeled bottles and products which are not aligned correctly for packaging. The sensor was preferred due to its easy setup and highly efficient automated comparison of the products with an approved image.

Inline quality control sensors market: Segmentation

The global inline quality control sensors market has been segmented as –

Based on product type, the global Inline quality control sensors market has been segmented as follows –

Point profile sensors
Line profile sensors
Snapshot sensors
Point profile sensors usually use a single laser point to scan at very high speeds. The results obtained from the scan can be used to perform functions, such as inspect displacement in a fast-moving process and build a contour or profile along the direction of the movement of the belt.
Line profile sensors are used to measure the contour or the profile of the surface. They do that by means of a line of laser light. Line profile sensors can generate 3D point cloud for 3D feature inspection. One of the advantages of having line profile sensors is the range of object sizes they are compatible with. Line profile quality control sensors can measure the shape of very small (10 mm) to large width objects (1.5 m), moving at high speed.
Snapshot sensors are ideal for inline inspection applications in which the object is momentarily stationary. Therefore, they are mostly used for pick and place and similar robotic applications.

Based on end use, the global Inline quality control sensors market has been segmented as follows –

Food & Beverages
Pharmaceutical
Others

The pricing of inline quality control sensors is based on their type and configuration i.e. point profile, line profile and snapshot variants.

Based on geography, the global Inline quality control sensors market has been divided into seven key regions –

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

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Product Dispensing Machinery Market – Global Industry Analysis, Size and Forecast 2028

In recent years there has been an increase in the usage of automated machineries across the globe one such example of equipment is product dispensing machinery. Continuous innovations in the food manufacturing business across the globe have actuated customers towards the acceptance of easily available and ready to eat food items. Consequently, the arrangement of product dispensing machinery in shopping malls, hospitals, workplaces, universities & schools, and different other public places has significantly expanded in the course of recent years.

Product dispensing machinery offer different types of products each time currency is put in. Product dispensing machinery doles out an extensive variety of things and stuffs comprising of beverages, ready to eat food items, liquor, lottery tickets cigarettes, to the customers automatically, when the customer puts in the cash or credit inside the specific machine. Several developing nations across the globe have started using product dispensing machinery due to its suitability and convenience.

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Global Product Dispensing Machinery Market – Dynamics

Product Dispensing Machinery are getting traction in recent years due to its convenience and ease in fast moving lifestyle. Noticeable factors that are contributing towards the growth of product dispensing machinery market includes the increased demand for self – service machines & automatic devices, technological developments, wireless communication, as well as remote management. Furthermore, the growing urbanization with increasing disposable income in several emerging economies across the globe have also enhanced the growth of product dispensing machinery.

It has been observed that the several developing countries across the globe have begun taking up the product dispensing machinery as they are finding them very reasonable and convenient to use. Due to innovations in this types of equipment’s, some product dispensing machinery offers face recognition systems as well as with ID card identification to authenticate and count the visitors and buyers. With the help of product dispensing machinery, companies can also strengthen their financial power by counting of buyers and increasing their profitability margin.

Furthermore, some product dispensing machines provides the advantage of customization of ready to eat food items which provides convenience for the customers. All these above factors would help the product dispensing machinery market to grow significantly during the forecast period. However, product dispensing machinery market is hampered due to high cost of product dispensing machinery.

Global Product Dispensing Machinery Market – Regional Overview

The North American market is expected to lead the global product dispensing machinery market due to fast moving lifestyle. The European product dispensing machinery market is expected to trace behind its North American counterpart. The Asia Pacific product dispensing machinery market is expected to witness significant growth during the forecast period, due to a rise in urbanisation and increasing in per capita income for emerging economies such as India & China. The product dispensing machinery market in the Middle East is anticipated to witness stagnant growth during the forecast period 2018 to 2028.

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Global Product Dispensing Machinery Market – Key Players

A few of the key players in the product dispensing machinery market are Aramark Corporation, Honeywell International, Inc., Godrej Group, Cantaloupe Systems Inc, Abberfield Technology Pty. Ltd, etc.

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

Global Product Dispensing Machinery Market – Segmentation

The global product dispensing machinery market is segmented by machine type, application and by end use industry. The pricing for product dispensing machinery has being done based on machine type segment in US$ million, and the volume is considered in units.

On the basis of machine type, the global product dispensing machinery market is segmented into –

Automatic
Semi – Automatic

On the basis of application, the global product dispensing machinery market is segmented into –

Ready to Eat Food Items
Tea & Coffee
Alcoholic & non – alcoholic beverages
Cigarette
Tickets
Others

On the basis of end use industry, the global product dispensing machinery market is segmented into –

Food & Beverages
Pharmaceuticals
Veterinary & Nutraceuticals
Personal Care & Cosmetics
Consumers Goods
Others

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Cloud ERP Market is predicted to grow from US$ 53 Mn in 2021 to US$ 277 Mn in 2032

The global cloud ERP market is expected to reach a valuation of US$ 277 Mn by 2032 from US$ 63 Mn in 2022, rising rapidly at a CAGR of 16% throughout the forecast period.

The growing desire among businesses to improve operational efficiency and optimize business operations, the impact of the COVID-19 pandemic, and the increasing use of cloud-based solutions are all driving the expansion of the cloud ERP sector.

According to the global cloud ERP market study, businesses all over the world are concentrating on optimizing their business processes in order to increase operational efficiency while keeping track of running costs.

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Businesses are looking for a centralized solution to manage a variety of business activities, including finance and accounting, sales and marketing, procurement, and supply chain management.

Cloud ERP gives businesses the flexibility and scalability they need to optimize their processes and increase efficiency.

Cloud ERP guarantees speedy delivery of precise financial records, effective fiscal effectiveness, rapid data-driven judgments, enhanced product and stock limits, streamlined applications, components, and network equipment, easy adoption of common standards across plants and business units, rapid integration of acquired innovations, and more consistent operating performance, thus positively impacting the cloud ERP market adoption trends.

Although cloud-based solutions give businesses more flexibility and scale, they often limit customized choices. The core product set of SaaS-based platforms now includes customizations.

Enterprises that require substantial customization, especially with respect to major functions, may find it challenging to do so with a SaaS-based ERP system. The majority of cloud ERP suppliers offer apps such as human capital management or CRM; however, just a few vendors offer a single suite of solutions that meets most user needs. These restrictions are limiting cloud ERP adoption and limiting the cloud ERP market growth.

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Organizations have gradually begun to integrate cloud ERP solutions and services. However, organizations still face considerable hurdles in integrating these solutions with their existing systems due to system complexities and implementation costs. Existing legacy systems must be tightly connected with new ones in order for cloud ERP to be implemented successfully.

Due to a lack of resources, a few firms continue to rely on their present systems, which are based on outdated technology and include manual processes, which result in a high rate of mistakes and a long turnaround time. Furthermore, there may be a number of legacy programs that are incompatible with new systems or require additional integration effort.
Furthermore, because current legacy systems are primarily on-premises, integrating them with new cloud-based systems could be a barrier to digital process automation solutions and services adoption.

Key Takeaways

Financial data is gathered, and reports, such as ledgers, trial balance data, overall balance sheets, and quarterly financial statements are generated using the cloud ERP. During the projected period, the finance and accounting solution segment is expected to increase at the quickest rate.
The BFSI sector is expected to see significant growth in the overall cloud ERP market since these solutions are primarily employed to improve customer experience. Meanwhile, with features such as live operational tracking, secure transactions, and assessment and investigation, it is also being utilized to manage sensitive and critical data of consumers.
The North American region of the global cloud ERP market is projected to advance at a CAGR of 16% throughout the forecast period.
During the projected timeline, the large enterprise sector is projected to have the largest cloud ERP market share. It is expected to register a growth rate of 16.5% throughout the forecast period.
A progressive trend away from brick and mortar retail and on-premise work toward working from home has created an underlying need for cloud ERP solutions across a wide range of sectors.

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Competitive Landscape

leading participants in the cloud ERP market.

SAP
Oracle
Acumatica
IFS
Global Shop Solutions
Infor
Microsoft
IQMS
OpenPro

Key segments

By Component :

Solution
Services

By Business Function Type :

Accounting and Finance
Sales and Marketing
Inventory and Order Management

By Service Type :

Implementation & Integration
Consulting
Support and Maintenance

By Organizational Size :

Small & Medium SIzed Enterprise
Large Enterprise

By Application :

BFSI
Telecom
Healthcare & Life Sciences
Manufacturing
Government & Public Sector
Aerospace & Defense
Retail
Education
Others

By Region :

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Related link :

https://acatpg.mn.co/posts/28602506

https://faceblox.mn.co/posts/28602521

https://globalsocials.mn.co/posts/28602530

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