Pet Monitoring Camera Market is Estimated to be Worth $54.3 million by 2022

The pet monitoring camera market is expected to exhibit a CAGR of 5.5% per year to US$ 54.3 million in 2022. 

However, the two-way video and audio functionality sector will outgrow the one-way video segment throughout the projected period due to shifting consumer preferences for multifunctional cameras.

The market for pet monitoring cameras is being driven by the rising consumer desire for advanced technology to ensure the security and well-being of pets, and this trend will persist over the projected period.

Due to its numerous functions, pet monitoring cameras, a ground-breaking technology, have gained popularity in the market. the one-way video functionality sector, which dominated the global market.

These gadgets help owners engage visually with their dogs, feed them on schedule, get them to play, and captivate them.

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Several major, small, and medium-sized businesses throughout the world are rapidly investing in the IoT market. The transition of most organisations to IoT is projected to have an influence on a range of sectors, including pet monitoring cameras.

Key Takeaways from Pet Monitoring Camera Market Study:

  • By product type, one-way video currently holds the largest revenue share over the assessment period
  • The two-way video and audio functionality segment will grow at the fastest rate during the forecast period.
  • Based on price range, demand for low priced pet monitoring cameras is likely to grow at a robust pace over the next 10 years.
  • Currently, North America dominates the global pet monitoring camera market.
  • Pet monitoring cameras market in China is expected to grow at a healthy CAGR of 6.5% during the forecast period.
  • The U.K. pet monitoring camera market is anticipated to accelerate at 3.5% CAGR between 2022 and 2032.

The pet monitoring camera market has gone through a significant transformation, from a functional product to a stylish one. Consumers prefer different varieties of a product category for different reasons. Manufacturers are therefore launching different cameras offerings to cater to this factor” says an FMI analyst.

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Who is leading?

The leading companies in pet monitoring camera are paving the way forward with strategic collaborations and development which are focused on innovating new technology. This has helped in bolstering the sales growth.

Some of the key players in the pet monitoring camera market include Petcube, Acer Inc., Amazon.com Inc., Furbo, Hangzhou Hikvision Digital Technology Co. Ltd., Lenevo Group Ltd., PetChatz LLC, Vimtag Technology Co. LTD, Wagz Inc., Zmodo, Pawbo, Motorola, Cleverdog and others

Pet Monitoring Camera Market by Category

By Product Type:

  • One Way Video Functionality
  • Two Way Video and Audio Functionality

By Application Type

  • Communication
  • Monitoring, Real-Time Bark Alert
  • Treat-Dispersing
  • Remote Training
  • Video and Photo Capture

By End User Type:

  • Pet Parents
  • Veterinarians
  • Professional Trainers

By Sales Channel Type:

  • Online Retailers
  • Hypermarket/Supermarkets
  • Speciality Stores
  • Multi-Brand Store
  • Discount Stores

By Price Range:

  • Low
  • Medium
  • Premium

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Pet Shampoo Market is Estimated to Grow at a 6% CAGR in 2032 | FMI

The global pet shampoo market is projected to reach US 517 million in 2022. The market size is expected to grow at a 6% CAGR, reaching US$ 934 Mn by 2032.

Increased awareness of pet hygiene and health drives the growth in the pet shampoo market. In addition, rising pet adoption is expected to increase demand in the market.

Pet shampoo is designed as per the pH of pet skin which is milder than human skin. There is a variety of shampoos available for pet skin problems in fragrance and fragrance-free variants. Organic shampoo is more preferred by pet owners as its chemical-free and will not cause any side effects.

“Rising preference for organic pet shampoos will create opportunities for key players operating in the market. In addition to this, high demand for premium pet grooming products will continue pushing sales in the market over the assessment period,” says an FMI analyst.

Increasing disposable income of pet owners will have a positive impact on the growth in the pet shampoo market. People spend more on premium products for the well-being of their pets as they consider them as a part of the family.

Pet shampoos are considered one of the essential products in the pet grooming market. The key driver pushing the demand for pet shampoos is the rising awareness of pet care and customized products offered by manufacturers.

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Key Takeaways:

  • Supermarkets /hypermarkets and pet care shops are expected to be the most preferred sales channel for pet shampoos.
  • Based on product type, sales of organic pet shampoos will continue gaining traction through 2032.
  • The U.S. will continue dominating the North America pet shampoo market over the forecast period.
  • China will account for a lion’s share in the East Asia pet shampoo market over the assessment period.

Competition Landscape

Leading companies operating in the pet shampoo market are focused on consumers’ interests, and advertisements to gain a competitive edge in the market. They are also launching products at online sales channels to improve sales.

Petco Animal Supplies Inc, Earthwhile Endeavours, Inc., Barklogic, Wildwash, Spectrum Brands Inc., Petkin Inc., General Nutrition Centers Inc, Innovacyn Inc., EarthBath, and Himalaya Drug Company are some of the leading players operating in the market profiled by FMI.

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Pet Shampoo Market by Category

Product Type:

  • Natural/Organic
  • Chemical

Treatment Type:

  • Cleaning Shampoo
  • Anti -Dandruff Shampoo
  • Anti-Itching Shampoo
  • Anti-fungal Shampoo
  • Anti – Bacterial shampoo
  • Others

Pet Type:

  • Dogs
  • Cats
  • Others

Price Range:

  • Premium
  • Medium
  • Economy

By Sales Channels:

  • Direct Sales
  • Pet care shops
  • Supermarkets/Hypermarkets
  • Commercial stores
  • Wholesalers/Retailers
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • South Asia
  • Europe
  • LEMEA
  • East Asia
  • Oceania
  • MEA
  • Latin America

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Bird Toys Market is Projected to Reach a Value of US$ 631 Million by 2032 | FMI

The bird toys market size is estimated to reach US$ 386 Mn in 2022. With demand growing at a 5% CAGR over the forecast period, the market valuation is projected to reach US$ 631 Mn by 2032. Total sales of bird toys represent 12-14% of the global pet toy market.

Birds toys are utilized by bird owners to burn off energy and engage their pet birds. Toys for birds give both physical and mental stimulation. Pets utilize bird toys to release their pent-up energy and play.

However, throughout the forecasted period, the growing popularity of natural and eco-friendly pet toys is predicted to create opportunities for the global pet toys and training market.

Bird-care spending is increasing as the popularity of adopting birds as companions for mental well-being, health, and amusement grows. Pet birds require new and varied types of toys that are supplied and replaced out of their cage on a regular basis so that the birds do not become bored with them.

Additionally, pet owners’ humanization of birds and treating them as family members has a favorable impact on the pet toys. The global pet toys and training market, on the other hand, is constrained by a lack of understanding among purchasers about how to use specific items for training purposes.

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Key Takeaways from the Bird Toy Market Study:

  • Europe and South Asia are the fastest growing bird toy market on the back of an increase in pet adoption and a growing trend of pet humanization.
  • In terms of product type, the foraging toys segment is expected to witness fastest growth over the forecast period (2022-2032).
  • Online segments contributed to the lion’s share in the bird’s toy market.
  • North America is expected to be the dominating bird toy market due to the increasing population of pet owners and trends in pet adoption.

Who is winning?

Leading manufacturers of bird toy products are focused on aggressive promotional strategies, advertisement offers, and new product launches that have driven sales growth of shaving care globally.

Major players present in the Birds Toys products market are Superbirdtoystore, Petsmart, Petathome, Petvalu, Makeyourownpettoys, Petland, Petmate, and others

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Bird Toys Market by Category

Product Type:

  • Foot Toys
  • Swings & Bungees
  • Snugglies
  • Perches & Perch Toys
  • Foraging Toys
  • Chewing toys
  • Noisemakers
  • Climbing toys
  • Play gyms

Price Range:

  • Low
  • Medium
  • Premium

Sales Channel:

  • Supermarkets/Hypermarkets
  • Pets Specialty Stores
  • Multi-Brand Stores
  • Pet care centers
  • Online Retailers
  • Other Sales Channel

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Buy Now Pay Later Platform Market expanding at a CAGR of 22.4% by the end of 2031 | Analysis by FMI

The Buy Now Pay Later Platform market pay added up to ~US$ 5.2 Bn in 2020, as per Future Market Encounters (FMI). The general market ought to appear at ~US$ 46.9 Bn by 2031, making at a CAGR of 22.4% for 2021 – 31.

The report besides surmises that the market will defeat a valuation of ~US$ 6.2 Bn near the finish of 2021. As shown by FMI, presence of direction programming affiliation point (APIs) and speedy imaginative levels of progress have set out adequate entrances for Buy Now Pay Later Platforms. These movements have become focal in working on cash related reality, in this way pushing the market headway.

All through continuous years, Buy Now Pay Later Platforms have been seeing an astonishing augmentation in standing among online business retailers and their clients. This eccentricity was set off by the Covid results and it seems like the Buy Now Pay Later Platforms industry will keep on filling even in the post-pandemic times. The explanations behind this are immediate – BNPL is a helpful and more reasonable method for getting second credits for buying things on the web.

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Moreover, strong growth of the e-commerce sector helped startups and fintech giants to establish their footprint in the BNPL platform space across geographies. The growing popularity of credit among consumers has even forced traditional banking players to venture into the BNPL space.

For instance, in order to attract non-credit card users, conventional banking players in various countries have added Buy Now Pay Later Platform offerings to their existing set of financial products.

“The rising number of BNPL providers is playing a key role in changing the buying behaviors and general outlook on traditional methods of credit. By providing a manageable way for consumers to borrow and repay with the interest (where applicable), built into the repayment plan with fixed-end date, BNPL providers are giving them more assurance that they can repay without falling into a revolving credit repayment” says FMI analyst.

Key Takeaways: Buy Now Pay Later Platform Market

  • By solution, the buy now pay later (BNPL) software segment is anticipated to account for the leading share in the global demand for Buy Now Pay Later Platform during the forecast period. However, the buy now pay later (BNPL) APIs segment is estimated to grow at a robust CAGR of more than 24% through 2031.
  • By enterprise size, the integration of BNPL platform in small & medium enterprises (SMEs) is anticipated to increase at a CAGR of nearly 23% between 2021 & 2031, while large enterprises are currently dominating the market share.
  • The adoption of Buy Now Pay Later Platform by retail & ecommerce sector is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of around 27% between 2021 and 2031.
  • South Asia & Pacific is expected to lead the market followed by Europe in 2021. North America is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a CAGR of around 24% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 29% over the next ten years.

COVID-19 Impact Analysis on Buy Now Pay Later Platform Market

The outbreak of COVID-19 has led to more usage of BNPL platforms because remote working and social distancing have helped BNPL service providers gain a huge customer base. The pandemic has made BNPL more popularity as it provides more flexible financing options and low-interest fees.

Therefore, those customers who experienced financial hardships during the pandemics can still afford to buy online. Whereas the BNPL providers can generate substantial revenues based on an increased number of customers who pay small to no interest fees and merchants who are charged for using the BNPL payment method to attract more buyers.

The market has witnessed a significant growth previously, but due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020. The reasons for the sudden hype around BNPL are various and are undoubtedly tied to the rapid growth of online shopping.

Furthermore, the increased acceptance of consumers to use mobile banking solutions and the growing awareness of BNPL as a payment alternative has paved the way for an extended offering. Finally, the COVID-19 pandemic has made this a ‘perfect storm’ shifting more business to online, increasing consumer confidence in shopping online and increasing the need for managing personal cash-flows at least for a part of consumers.

Thus, the demand for Buy Now Pay Later Platform is estimated to grow around 1.4X from 2019 to 2021.

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Rapid Adoption of Buy Now Pay Later Platforms in Cross-Industry Applications to Propel Sales

While the buy now pay later model has so far focused mainly on retail and e-commerce, the business model is applicable to various other industries. Thus, it is possible that Buy Now Pay Later Platforms will expand to other sectors, such as groceries, as well as physical stores, paving the way for more omni-channel applications.

Being the latest wave within the larger fintech industry, Buy Now Pay Later Platforms are poised to further disrupt the traditional banking landscape. Considering the long-term financial impact of the Covid-19, particularly among young generations, buy now pay later platforms are likely to observe accelerated adoption in the future.

With established players like PayPal and MasterCard entering the competition, the market is likely to get increasingly saturated and major banks, fintech start-ups and tech giants will be competing for consumer attention and market share.

More Valuable Insights on Buy Now Pay Later Platform Market

FMI’s report on the Buy Now Pay Later Platform industry research is segmented into four major sections – solution (Buy Now Pay Later Platform, buy now pay later (BNPL) APIs, and services), enterprise size (small & medium enterprises (SMEs) and large enterprises), industry (BFSI, retail & ecommerce, healthcare, media & entertainment, travel & tourism, automotive, and others), 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 Buy Now Pay Later Platform demand outlook.

Competitive Landscape

Maximum number of leading players in the Buy Now Pay Later Platform industry are coming with advanced and innovative solutions that meets the ever-changing demand from various organizations. A high number of retailers is focusing on accepting these point-of-sale and online installment loans as a payment method, thereby creating growth opportunities for the BNPL solution providers.

  • For instance, in September 2021, PayPal Holdings, Inc. announced that it has agreed to acquire Paidy, a leading two-sided payments platform and provider of buy now, pay later solutions in Japan. The acquisition will expand PayPal’s capabilities, distribution and relevance in the domestic payments market in Japan, the third largest ecommerce market in the world, complementing the company’s existing cross-border ecommerce business in the country.

Buy Now Pay Later Platform Outlook by Category

By Solution:

  • Buy Now Pay Later (BNPL) Software
  • Buy Now Pay Later (BNPL) APIs
  • Services
    • Technology Consulting
    • Integration & Deployment
    • Support Services

By Enterprise Size:

  • Small & Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • BFSI
  • Retail & eCommerce
  • Healthcare
  • Media & Entertainment
  • Travel & Tourism
  • Automotive
  • Others

By Region:

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

About Us

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

Contact:

Future Market Insights Inc.   
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Parking Management Solutions Market is expected to reach at a 5.6% CAGR from 2022 to 2032 | FMI

The worldwide parking management solutions market is assessed to gather US$ 768.2 Billion while showing a 5.6% CAGR during the gauge time frame. Fundamentally because of the accessibility of brilliant advances among the majority the worldwide parking management solutions market has developed huge amounts at a time as of late.

Expanding gridlock and vulnerability in the parking accessibility would fuel the development of parking management solutions market.

The development of parking management market is driven by variables, for example, rise of completely mechanized parking frameworks (APS), expansion in gridlock, consistent progressions in machine-to-machine correspondence innovation and expanding interest for shrewd parking sensors for parking management.

With expanding parking booths, the parking management solutions industry is supposed to get US$ 440 Billion out of 2022.

Rising interest for rapid network with great help conveyance this will emphatically affect the general market development.

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Increasing use of cloud based technology such as artificial intelligence and big data and in many applications impelled the growth of the market. The parking venues segment is likely to offer remunerative opportunities for the global parking management solutions market.

Key Takeaways:

  • By technology, parking kiosks segment is expected to record an 6.0% CAGR by 2032
  • By installed location, parking venues segment to expand at a 6.8% growth rate during the forecast period
  • The U.S market to garner US$ 168.2Billion and record a 4.7% CAGR from 2022-2032
  • Market in China to procure US$ 93.5Billion, expanding at a 7.5% growth rate during the assessment period

“Growing number of vehicles across the world, rising demand for an effective traffic management solutions, and rapid development of smart cities are expected to drive the market in the forecast period”.

Competitive Landscape

Key players of the global parking management solutions market include Parking BOXX, IPS Group, Inc., METRIC Group Ltd., Ventek International, CivicSmart, Inc. among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are:

  • In May 2020 – FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime
  • In June 2020 – Passport Inc., partnered with Panama City Beach community to equip the city with the technology needed to create a more frictionless parking experience.
  • In March 2020 – Q-Free deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market. ​

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What is the Contribution of Key Players to the Global Parking Management Solutions Market?

Key players of the global parking management solutions market include Parking BOXX, IPS Group, Inc., METRIC Group Ltd., Ventek International, Civic Smart, Inc. among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability.

Recent developments among key players are:

  • In May 2020 – FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime
  • In June 2020 – Passport Inc., partnered with Panama City Beach community to equip the city with the technology needed to create a more frictionless parking experience.
  • In March 2020 – Q-Free deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market. ?

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global parking management solutions market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of technology (parking metre, parking kiosks) and by installation location (street parking and parking venues) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).

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Key Segments Covered in the Parking Management Solutions Market Report

By Technology:

  • Parking meters-based Parking Management Solutions
  • Parking Kiosks-based Parking Management Solutions

By Installation Location:

  • Parking Management Solutionss for Street Parking
  • Parking Management Solutionss for Parking Venues

By Region:

  • North America Parking Management Solutions Market
  • Europe Parking Management Solutions Market
  • Asia Pacific Parking Management Solutions Market
  • Middle East & Africa Parking Management Solutions Market
  • Latin America Parking Management Solutions Market

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

Contact:

Future Market Insights Inc.   
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IoT Connectivity Management Platform Market Showing Promising Growth at a CAGR of 16.8% During the Forecast 2022 to 2032 | Holistic Report from FMI

According to a recent analysis by Future Market Insights (FMI), the adoption of IoT connectivity management platform in the market is estimated to grow at a CAGR of 16.8% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 6.3 Bn by the end of 2022. Organizations  are adopting cloud-based solutions in order to increase the efficiency of their business in long run and provide security, improved collaboration and corporate data mobility.

Increasing adoption of IoT cloud platform due to demand for high-frequency data access and sharing with cost-effective data storage solutions is propelling the deployment of IoT platform in where the deployment of on-site IoT architecture is a very costly. Cloud solutions provide seamless communication between the IoT devices, expanded reach, and reduced latency over direct remote network connection.

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Also, growing integration of IoT powered technologies is enabling organizations to use smart devices and sensors to collect and transform data into business insights more rapidly with high accuracy and lower cost.

Connecting cloud with IoT reduces errors, increases visibility, provides scalability and affordability with faster time to market, thereby driving the growth in the IoT connectivity platforms market.

“Rapid digitalization across emerging economies is fueling the adoption of IoT devices, which is expected to auger well for the market. In addition to this, surging demand for workplace automation across various organizations will boost sales in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By component, the solution segment is anticipated to expand at a CAGR of 7% during the forecast period.
  • Among the enterprise size, SMEs segment is estimated to grow by 2X during the forecast period.
  • Cloud-based IoT CMS segment is expected to create an absolute $ opportunity of US$ 8 Bn during the forecast period.
  • Based on industry, demand in the healthcare segment is anticipated to grow at a CAGR of 1% between 2022 & 2032.
  • The market in U.K. is expected to progress at a CAGR of around 5% during the forecast period.
  • In Japan, the IoT connectivity management platform market is expected to grow by 9x between 2022 & 2032.
  • IoT connectivity management platform market in China is estimated to offer an absolute $ opportunity of US$ 1.3 Bn over the forecast period.

 Competitive Landscape

IoT connectivity management platform players are entering into partnerships with other players for enabling enterprises to track and control the IoT assets with unified and intuitive connectivity management services.  For instance:

  • In Feb 2020, Ericsson collaborated with T-Mobile Austria and Stanley Black & Decker for accelerating the global deployment of Stanley Black and Decker’s connected equipment and services.

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More Valuable Insights on IoT Connectivity Management Platform Market

Future Market Insight’s report on the IoT connectivity management platform industry research is segmented into five major sections – component (solution, services), deployment (cloud-based, on premise), enterprise size (Small and medium-sized enterprises (SMEs), large enterprises),  industry (IT & telecom, consumer electronics, energy & utilities, BFSI, healthcare, retail, manufacturing, government and others), 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 IoT connectivity management platform demand outlook.

IoT Connectivity Management Platform Outlook by Category

By Component:

  • IoT Connectivity Management Platform Solution
  • Services

By Deployment:

  • Cloud-based
  • On premise

By Enterprise Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Industry:

  • IT & Telecom
  • Consumer Electronics
  • Energy & Utilities
  • Healthcare
  • Manufacturing
  • Retail
  • BFSI
  • Others

By Region:

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

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Oil & Gas Data Management Software Market is Predicted to Growing at a 15.3% CAGR from 2022 to 2032

As per the study at FMI, the oil and gas data management software market was valued at US$ 16.9 Bn in 2022 and is predicted to reach US$ 70.4 Bn by 2032, growing at a 15.3% CAGR. The deployment of data-gathering equipment, such as sensors at various remote sites and operational fields, has resulted in a tremendous increase in demand for oil and gas data management software.

Furthermore, the sales of oil and gas data management software have grown due to greater digitization, the adoption of workplace mobility solutions, and real-time workforce assistance. As a result, market spending on the efficient server, networking, and the demand for oil and gas data management software is expected to rise in order to expedite business operations and improve overall efficiency.

In today’s economy, digital data is growing at an exponential rate which is propelling the growth of oil and gas data management software market share. The growth of the Internet of Things is generating massive amounts of digital data in the oil and gas industry at an exponential rate which further increases the demand for oil and gas data management software.

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More than 80% to 90% of the digital data on the market today was developed in the last two years. The number of data breaches has increased as the amount of data has grown. Data management software for oil and gas companies is a type of advanced software that helps them manage and preserve their data.

Such organizations’ projects are difficult in terms of operations, resource management, capital management, inventory management, and so on. Furthermore, the sales of oil and gas data management software are growing as it aids businesses in maximizing resources, tracking project progress, and increasing efficiency.

The demand for oil and gas data management software is anticipated to grow as it enables firms to effectively manage and access their data in real-time. Regulatory compliance management tools, data analytics, data warehousing, and other capabilities, such as process design control, are all being integrated into data management software by a number of software development providers and suppliers.

Furthermore, increased use of IoT and AI is expected to boost the sales of oil and gas data management software and large-scale data management software implementation by small and large firms in the oil and gas market.  Data management as a service is gaining pace in the oil and gas market thanks to cloud platform acceptance, next-generation data centre evolution, and cost-effective and adaptable data management solutions.

The oil and gas data management software is expected to be driven by the rising trend of cloud use in the coming years. Data breaches are becoming more common around the world, demanding the modernization of existing organizational infrastructure.

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As a result, global enterprise data management infrastructure modernization is expected to drive the global oil and gas data management software market size during the forecast period. However, the lack of complete data security assurance and abuse of obtained data is stifling the sales of oil and gas data management software in both international and domestic sectors.

KEY TAKEAWAYS: 

  • By component, the solutions segment dominated the oil and gas data management software market with a CAGR of 15.5% through 2032.
  • During the forecast period, the U.S. is anticipated to dominate the oil and gas data management software market with a CAGR of 13.5% through 2032.
  • The region accounted for almost a third of global market revenue and is likely to maintain its dominance during the forecast period. The demand for oil and gas data management software is anticipated to rise as it is being adopted by a huge number of mid-sized and small businesses.
  • During the forecast period, the Middle East and Africa had the second-largest oil and gas data management software market share.
  • In 2017, Asia Pacific had tremendous growth, owing to a rising rate of digitization in data management over time. However, it is encountering roadblocks in the oil and gas data management software market’s expansion. Different regulatory compliances and the scarcity of effective infrastructure are cited as major explanations for the possible risk.

COMPETITIVE LANDSCAPE 

Oil and gas data management market players are focusing on providing customised solutions that are in sync with the procedures of various oil and gas organisations. These solutions contribute to the market’s increased growth rate for oil and gas data management software.

Some of the oil and gas data management software market players profiled in the FMI’s study are Newgen Software, IBM Corporation, Cisco Systems, SAP SE, Tata Consultancy Services Ltd

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Recent Developments 

  • In 2018, Sourcewater, Inc. purchased Genscape, Inc.’s Digital H2O Water asset intelligence service with the goal of launching an advanced IoT integrated oilfield water and disposal intelligence platform that would provide sophisticated water data science to the upstream energy industry.
  • Emerson Electric Co. acquired General Electric’s AI Intelligent Platform in 2018, with the goal of strengthening the worldwide exploration and production software market. Emerson Electric Co. would be able to increase its capabilities in machine control and discrete applications, as well as integrate with oil and gas power plants, as a result of this acquisition.

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

Contact:

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Power Distribution Unit (PDU) Market to grow at a healthy CAGR of around 4.6% from 2022 to 2032 | Data analysis by FMI

The power distribution unit (PDU) market is expected to grow from $2.4 billion in 2021 to $2.6 billion in 2022. The market is expected to grow 8.3% year on year between 2021 and 2022. During the forecast period of 2022-2032, the industry is expected to grow at a 4.6% value CAGR, reaching a valuation of US$ 4 billion.

The increase in data volume across the globe is expected to be a potential factor augmenting the market during the assessment period. In addition, the participation of players will be critical in the market’s development in the coming years. Equinix and GIC, for example, announced a collaboration to build xScale data centres across multiple countries, including Europe, Singapore, and South Korea.

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With a growing preference for AI-based PDUs, the market is expected to see it as a lucrative opportunity during the forecast period. Furthermore, with the growing number of SMEs globally, particularly in developing countries, the market is expected to expand significantly.

For example, Amazon Web Services (AWS) invested $2.8 billion in November 2020 to establish a new AWS Cloud in Telangana, India. On the other hand, the high costs associated with PDU installation, as well as space constraints and complicated wiring systems with an increasing number of power distribution units, may stymie market growth in the coming years.

About the Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide.

With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Takeaways from the Market Study

  • The triple-phase segment to expand at a CAGR of 6.5% during the forecast period
  • The data center segment to exhibit a growth rate of 4.1% from 2022- to 2032
  • The market in the U.S to garner US$ 1.3 billion by 2032
  • Market in the U.K to value US$ 296 million during the forecast period
  • India to exhibit a CAGR of 5.4% from 2022-to 2032
  • The Chinese market to secure US$ 308.1 million by 2032
  • Industry in Japan to record a CAGR of 5.1% from 2022- to 2032

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Competitive Analysis 

Key players in the global power distribution unit market include Leviton Manufacturing Company, Inc., Schneider Electric SE., and Enlogic Systems LLC.  Eaton Corporation PLC, and Tripp Lite.

  • In 2021, the APAC hyperscale market gained significant investments from Facebook, Amazon Web Services, Alibaba, and Microsoft. In SE Asia, Microsoft, Facebook, and Amazon Web Services invested in data centers across Singapore and Indonesia in 2021.
  • In April 2021, Enel, an Italian energy management enterprise, disclosed to venture into the power distribution market for the U.S. It has announced to invest US$ 19.52 million by the end of 2023. By end of 2030, the company is likely to invest US$ 73.23 million.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global power distribution unit market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Basic PDU, Intelligent/ Monitored PDU, Metered PDU, Switched PDU), Application (Data Center, Commercial Building (Networking), Laboratories (IT/Comp Lab)), Power Phase (Single Phase, Triple Phase), Distribution Channel (Offline Channel, Online Channel), Industry (Data Center, Telecom IT, BFSI, Healthcare, Government, Education, Retail, Utilities, Military & Defense, Others (Transportation, Manufacturing)) & Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa)

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Key Segments Profiled In The Power Distribution Unit (PDU) Market Report

Power Distribution Unit by Type:

  • Basic PDU
  • Intelligent/ Monitored PDU
  • Metered PDU
    • Inlet Metering
    • Inlet/Outlet Metering
  • Switched PDU

Power Distribution Unit by Application:

  • Power Distribution Units across Data Centers
  • Power Distribution Units across Commercial Buildings (Networking)
  • Power Distribution Units across Laboratories (IT/Comp Lab)

Power Distribution Unit by Power Phase:

  • Single Phase Power Distribution Unit
  • Triple Phase Power Distribution Unit

Power Distribution Unit by Distribution Channel:

  • Power Distribution Unit Sales via Offline Channels
    • Resellers/Distributors
    • Direct to End-users
    • Integrators/Maintenance
  • Power Distribution Unit Sales via Online Channels

Power Distribution Unit by Industry:

  • Power Distribution Unit for Data Centers
    • Tier 1
    • Tier 2
    • Tier 3
  • Power Distribution Unit for Telecom & IT
  • Power Distribution Unit for BFSI
  • Power Distribution Unit for Healthcare
  • Power Distribution Unit for Government
  • Power Distribution Unit for Education
  • Power Distribution Unit for Retail
  • Power Distribution Unit for Utilities
  • Power Distribution Unit for Military & Defense
  • Power Distribution Unit for Other Industries (Transportation, Manufacturing)

Power Distribution Unit by Region:

  • North America Power Distribution Unit Market
  • Europe Power Distribution Unit Market
  • Asia Pacific Power Distribution Unit Market
  • Middle East & Africa Power Distribution Unit Market
  • South America Power Distribution Unit Market

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Contact:

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Night Vision Surveillance Cameras Market is set to grow at a healthy CAGR of around 22.3% during the forecast period of 2022-32 | Data analysis by FMI

The night vision surveillance cameras market was esteemed at USD 108.9 billion of every 2022, and it is anticipated to increment at a 22.3% CAGR, arriving at USD 812.2 billion by 2032.

Night vision gadgets have been utilized since the World Wars since they help in high velocity imaging and can distinguish objects from a significant distance. The developing military financial plan, as need might arise for innovatively complex night-vision frameworks, is driving the night vision surveillance cameras market forward.

For of guaranteeing individual wellbeing, night vision surveillance cameras are progressively being utilized in homes and individual work environments. Through video examination, night vision surveillance cameras can now zoom in to uncover somebody’s personality, which can be important to wrongdoing anticipation when used accurately.

Purchasers are turning out to be progressively keen on night vision surveillance cameras. Thus, one of the essential drivers driving the night vision surveillance cameras market is significant interest in secure private and public framework.

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The development of Coronavirus has influenced the store network and circulation of night vision surveillance cameras, smothering night vision surveillance cameras market development.

Savvy night vision surveillance cameras are fit for identifying, perceiving, investigating, and following people, vehicles, and items. It could be tweaked by changing settings like article size and responsiveness. Accordingly, the utilization of brilliant night vision surveillance cameras is growing nowadays.

Because of the expanded acknowledgment of organization cameras in business and private applications, night vision surveillance camera arrangements are probably going to be executed at a fast rate all through the estimate period. Furthermore, expanded R&D speculations by producers are moving the night vision surveillance camera market extension.

Manufacturers of night vision surveillance cameras can focus on increasing their R&D expenditure in order to offer solutions that incorporate sophisticated technology such as video analytics, facial recognition, and theft detection.

One of the reasons impeding the growth of the night vision surveillance camera market in South Asia and Latin America is the high price of the device. Furthermore, data storage issues for night vision surveillance cameras are impeding the night vision surveillance camera market expansion.

Due to high product awareness and retail availability of night vision surveillance cameras, the U.S. is expected to hold a significant share of the night vision surveillance camera.

Rising security breaches and rising reliance are driving up demand for night vision surveillance camera in nations such as the United States and Canada. The central governments of the United States and Canada are turning to night vision surveillance camera to improve security across public applications.

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To maintain a consistent income flow, players in the night vision surveillance camera market are focusing on product expansion and business collaboration. In comparison to the other regions, the Asia Pacific and North American regions are likely to present significant potential for companies in the night vision surveillance camera market.

KEY TAKEAWAYS:

  • In the type sector, PTZ (Pan, Tilt and Zoom) from the night vision surveillance camera market are anticipated to flourish at the quickest CAGR of 22.0%.
  • With a CAGR of 21.6%, public sector and defence are predicted to grow significantly in the end-use application sector of the night vision surveillance camera market.
  • The market size fornight vision surveillance camera market in the United States is expected to reach US$ 195.4 Billion by 2032, growing at a CAGR of 21.3% during the research period.
  • China is anticipated to reach a market sizeof US$ 52.6 billion in Night vision surveillance camera by 2032, with a CAGR of 20.7% during the research period.
  • Australia’s Night vision surveillance camera market is anticipated to be worth US$ 25.8 Billion by 2032, with a CAGR of 19% over the forecast period.
  • Japanis expected to have a market size for Night vision surveillance camera of US$ 25.3 Million by 2032, with a CAGR of 19.1% during the research period.
  • By 2032, South Africais expected to reach a market size of US$ 5.6 Billion in night vision surveillance camera, with a CAGR of 18% during the research period.

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COMPETITIVE LANDSCAPE:

Hangzhou Hikvision Digital Technology Co Ltd., Canon Inc., Bosch Security Systems, Inc., Honeywell International Inc., Panasonic Corporation, Dahua Technology Co., Ltd., Pelco, Sony Corporation, Samsung, Cisco Systems, and others are among the prominent competitors in the night vision surveillance camera market.

The increased emphasis on distribution channels and advice via social media applications is likely to boost growth of the leading players in the night vision surveillance camera market.

RECENT DEVELOPMENT:

  • Thermoteknix Systems Ltd. debuted its innovative TiCAM 1000C Biocular Target Locator System at the Security & Policing security event in February 2019. It is a portable camera used for observation, surveillance, and security. It is also appropriate for low-light situations and inclement weather.
  • Thales Group announced the co-development of ELFIE night vision devices with Indian armed force producer MKU ltd in February 2019. ELFIE will provide convenient mobility as well as night warfare The night vision devices may be used with either a helmet or a weapon, and it is suited for both left and right eyes.

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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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Global Payroll and HR Solutions and Services Market is expected to witness a CAGR of 7.7% During the forecast period of 2022-32

The overall payroll and HR solutions and services market should get US$ 58.3 Billion while showing a CAGR of 7.7% during the gauge time period from 2022-to 2032. The market regarded US$ 27.8 Billion of each 2022.

Creating demand to manage the expanding workforce is projected to be the key consider driving the market the gauge time period. Moreover, the rising need to override the conventional method with a state of the art plan should assist the market in the looming time with outlining.

Besides, expanding the blend of AI with HR solutions is likely going to emerge as a beneficial opportunity for market improvement in the guess period. Players in the market are getting holds, which will brace the market during the figure time span.

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“Rapid digital transformation in the HR Solutions along with growing adoption of cloud-based technologies in various organizations is expected to benefit the market in the forecast period. Also, with the growing need to manage the expanding workforce, there is spiking demand for an efficient HR solution”

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global payroll and HR solutions and services market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of deployment (cloud, on-premise and hybrid), enterprise size (SMEs and large enterprises), solution (software and services) and industry (BFSI, government, healthcare, manufacturing, retail, telecom & IT, transportation & logistics and others) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa and South America).

What is the Role of Key Players in the Global Payroll and HR Solutions and Services Market?

Major players in the global payroll and HR solutions and services include SAP SE, Paychex, Inc., Automatic Data Processing, Inc., TMF Group Holding B.V, and Ramco Systems Limited. Recent key developments in the industry are:

  • In April 2021, Ceridian HCM announced the acquisition of Ascender. Ascender is a Japanese payroll and HR solutions provider. The acquisition aims to offer comprehensive human capital management and payroll solutions in APAC.
  • In April 2022, CoffeeMug.ai, a growing community of over 2,50,000 founders, business leaders, and investors, launched a talent solution platform for higher-level hiring. The platform scans millions of public profiles available on the internet and layers them with analysis from, CoffeeMug’s data pool to drive senior-level hiring for its clientele.

Key Takeaways from the Market Study:

  • The SMEs segment to expand at 8.9% CAGR during the forecast period
  • The Cloud segment to exhibit a growth rate of 8.4% during the assessment period
  • The market in the U.S to garner US$ 1.3 billion by 2032
  • The market size of China to expand at a growth rate of 9.9% from 2022- to 2032
  • Market in India to garner US$ 4.5 Billion of revenue by 2032
  • The market in the U.K to expand at a CAGR of 6.3% from 2022-to 2032

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Key Segments Profiled in the Payroll and HR Solutions and Services Market Report

Payroll and HR Solutions and Services by Deployment:

  • Cloud-based Payroll and HR Solutions and Services
  • On-Premise Payroll and HR Solutions and Services
  • Hybrid Payroll and HR Solutions and Services

Payroll and HR Solutions and Services by Enterprise Size:

  • Payroll and HR Solutions and Services for Large Enterprises
  • Payroll and HR Solutions and Services for Small and Medium Enterprises (SMEs)

Payroll and HR Solutions and Services by Solution:

  • Payroll and HR Solutions Software
  • Payroll and HR Solutions Services

Payroll and HR Solutions and Services by Industry:

  • Payroll and HR Solutions and Services for BFSI
  • Payroll and HR Solutions and Services for Government
  • Payroll and HR Solutions and Services for Healthcare
  • Payroll and HR Solutions and Services for Manufacturing
  • Payroll and HR Solutions and Services for Retail
  • Payroll and HR Solutions and Services for Telecom & IT
  • Payroll and HR Solutions and Services for Transportation & Logistics
  • Payroll and HR Solutions and Services for Other Industries

Payroll and HR Solutions and Services by Region:

  • North America Payroll and HR Solutions and Services Market
  • Europe Payroll and HR Solutions and Services Market
  • Asia-Pacific Payroll and HR Solutions and Services Market
  • Middle East & Africa Payroll and HR Solutions and Services Market
  • South America Payroll and HR Solutions and Services Market

About Us

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

Contact:

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