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Asia-Pacific Multi-Layer Ceramic Capacitor Market is projected to reach the value of $ 8.94 Billion by 2030

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(EMAILWIRE.COM, March 14, 2024 ) According to the latest analysis by the virtue market research in 2023, The Asia-Pacific Multi-Layer Ceramic Capacitor Market was valued at $ 3.64 Billion, and is projected to reach a market size of $ 8.94 Billion by 2024- 2030.

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Over the forecast period of 2 In the Asia-Pacific region, the Multi-Layer Ceramic Capacitor (MLCC) market is driven by a long-term factor—technological advancements. Over the years, continuous technological innovations have propelled the demand for MLCCs across various industries. These capacitors are widely used in electronic devices such as smartphones, laptops, tablets, and automotive electronics due to their compact size, high capacitance density, and excellent performance characteristics. As technology evolves and electronic devices become more sophisticated, the demand for MLCCs is expected to continue growing steadily in the Asia-Pacific region.

However, the COVID-19 pandemic has significantly impacted the Asia-Pacific MLCC market in the short term. The outbreak led to disruptions in the global supply chain, causing shortages of raw materials and components used in MLCC manufacturing. Additionally, lockdown measures and restrictions on movement imposed by governments to curb the spread of the virus resulted in temporary shutdowns of manufacturing facilities, leading to production delays and reduced production capacities. As a result, the Asia-Pacific MLCC market witnessed supply constraints and increased lead times, impacting the availability of MLCCs for various applications.

In the short term, one of the key drivers of the Asia-Pacific MLCC market is the growing demand for consumer electronics. With the increasing adoption of smartphones, wearables, smart home devices, and other consumer electronics in the Asia-Pacific region, the demand for MLCCs is experiencing a surge. These capacitors are essential components in electronic devices, contributing to their miniaturization, improved performance, and enhanced functionality. The growing consumer electronics market in countries like China, Japan, South Korea, and India presents significant opportunities for MLCC manufacturers to expand their market presence and increase sales.

An opportunity in the Asia-Pacific MLCC market lies in the automotive sector. As automotive manufacturers continue to incorporate advanced electronic systems and features into vehicles, the demand for MLCCs in automotive applications is expected to rise. MLCCs are used in various automotive electronics, including engine control units, infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle (EV) components. With the increasing adoption of electric vehicles and the trend towards connected and autonomous vehicles, the demand for MLCCs in the automotive sector is poised for growth, presenting opportunities for MLCC manufacturers to diversify their customer base and expand into new markets.

A notable trend observed in the Asia-Pacific MLCC market is the focus on miniaturization and higher capacitance. With the ongoing trend towards smaller and lighter electronic devices, there is a growing demand for MLCCs with higher capacitance values in smaller form factors. Manufacturers are investing in research and development efforts to develop MLCCs with increased capacitance densities while maintaining their compact size. Additionally, advancements in MLCC materials and manufacturing processes are enabling the production of capacitors with higher reliability, temperature stability, and performance characteristics, meeting the evolving requirements of electronic device manufacturers in the Asia-Pacific region.024-2030, market is projected to grow at a CAGR of 13.7%.

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Segmentation Analysis:
The Asia-Pacific Multi-Layer Ceramic Capacitor Market segmentation includes:
By Type of Capacitance Value: High Capacitance, Low Capacitance.
In the Asia-Pacific region, the Multi-Layer Ceramic Capacitor (MLCC) market is segmented by the type of capacitance value, with high capacitance and low capacitance being the two main categories. Among these, high capacitance MLCCs dominate the segment, catering to the demand for capacitors with larger capacitance values. These high capacitance MLCCs are widely used in applications requiring significant capacitance, such as power supply units, filtering circuits, and decoupling applications in various electronic devices and systems.

On the other hand, low capacitance MLCCs are experiencing rapid growth in the Asia-Pacific region. These capacitors are characterized by their lower capacitance values, making them suitable for applications where precise capacitance is required, such as timing circuits, signal filtering, and high-frequency applications. With the increasing demand for smaller and more efficient electronic devices, the need for low capacitance MLCCs is on the rise, driving the growth of this segment in the Asia-Pacific MLCC market.

By Application: Consumer Electronics, Automotive Electronics, Industrial Electronics, Telecommunications Equipment, Medical Devices, Others.
In the Asia-Pacific region, the Multi-Layer Ceramic Capacitor (MLCC) market is segmented by application, catering to various industries and sectors. Among these, consumer electronics stand out as the largest segment, driving significant demand for MLCCs in the region. Consumer electronics encompass a wide range of products, including smartphones, laptops, tablets, gaming consoles, and wearable devices, all of which rely heavily on MLCCs for their electrical circuitry and functionality.

Concurrently, automotive electronics emerge as the fastest-growing segment in the Asia-Pacific MLCC market. With the increasing integration of advanced electronics and connectivity features in automobiles, the demand for MLCCs in automotive applications is on the rise. These capacitors are essential components in automotive electronic systems, including engine control units, infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle (EV) powertrains, contributing to the growth of this segment in the region.

By Dielectrical Material: Class I, Cass II.
In the Asia-Pacific region, the Multi-Layer Ceramic Capacitor (MLCC) market is segmented by dielectrical material, distinguishing between Class I and Class II materials. Among these, Class I dielectrical material stands out as the largest segment, driving significant demand for MLCCs in the region. Class I dielectrical materials offer high stability, low loss, and excellent temperature characteristics, making them suitable for a wide range of applications in electronic devices and systems.

Concurrently, Class II dielectrical material emerges as the fastest-growing segment in the Asia-Pacific MLCC market. Class II dielectrical materials exhibit moderate stability and are characterized by higher volumetric efficiency compared to Class I materials. These materials are well-suited for applications where space constraints are a concern, such as mobile devices, wearables, and compact electronic gadgets.

Regional Analysis:
In the Asia-Pacific region, the Multi-Layer Ceramic Capacitor (MLCC) market is segmented by country, encompassing key nations such as China, Japan, India, South Korea, Australia, New Zealand, and the Rest of Asia-Pacific. Among these, China emerges as the largest market for MLCCs, exhibiting robust demand driven by its thriving electronics manufacturing industry. With China being a global hub for electronics production and consumption, the demand for MLCCs in the country remains consistently high, supporting its position as the largest market segment in the region.

Simultaneously, India emerges as the fastest-growing market for MLCCs in the Asia-Pacific region. Despite its relatively smaller size compared to China, India's rapidly expanding electronics industry and increasing adoption of advanced technologies drive significant demand for MLCCs. The country's growing consumer electronics market, coupled with initiatives such as "Make in India" aimed at boosting domestic manufacturing, contribute to the robust growth of the MLCC market in India. As a result, India is poised to experience substantial growth in MLCC consumption during the forecast period, making it the fastest-growing market segment in the region.

Latest Industry Developments:
• Strategic Partnerships and Collaborations:
- Companies in the Asia-Pacific Multi-Layer Ceramic Capacitor (MLCC) market are increasingly forming strategic partnerships and collaborations to enhance their market share. These collaborations often involve technology-sharing agreements, joint ventures, or research and development partnerships aimed at driving innovation and expanding product portfolios.
- Recent developments have seen leading MLCC manufacturers partnering with key players in complementary industries, such as semiconductor manufacturers, electronics OEMs, and automotive companies. These partnerships enable MLCC manufacturers to gain access to new markets, leverage existing distribution channels, and co-develop advanced MLCC solutions tailored to specific applications.

- Collaborations also extend to academic and research institutions, fostering knowledge exchange and facilitating the development of next-generation MLCC technologies. By pooling resources and expertise, companies can accelerate product development cycles and stay ahead of market trends.

• Focus on Product Differentiation and Innovation:
- With intensifying competition in the Asia-Pacific MLCC market, companies are increasingly focusing on product differentiation and innovation to gain a competitive edge. Recent trends indicate a shift towards developing MLCCs with higher capacitance values, smaller form factors, and enhanced performance characteristics to meet the evolving demands of end-user applications.

- Companies are investing in research and development initiatives to explore novel materials, manufacturing processes, and design methodologies that can lead to breakthrough advancements in MLCC technology. This emphasis on innovation not only enables companies to differentiate their offerings but also enhances their ability to address emerging market trends and customer requirements.

- Furthermore, companies are incorporating advanced features such as higher voltage ratings, improved reliability, and temperature stability into their MLCC products to cater to the stringent specifications of industries such as automotive, aerospace, and telecommunications.

• Geographic Expansion and Market Penetration:
- To capitalize on the growing demand for MLCCs in the Asia-Pacific region, companies are actively pursuing strategies for geographic expansion and market penetration. This includes establishing new manufacturing facilities, distribution channels, and sales offices in key growth markets to strengthen their presence and capture a larger share of the market.

- Recent developments have seen leading MLCC manufacturers expanding their operations into emerging economies within the Asia-Pacific region, such as India, Vietnam, and Indonesia, where demand for electronic devices and components is on the rise. By establishing local manufacturing facilities and distribution networks, companies aim to better serve regional customers and mitigate supply chain risks.

- Additionally, companies are investing in marketing and promotional activities to raise awareness about their products and brand presence in the Asia-Pacific MLCC market. This includes participation in industry trade shows, seminars, and exhibitions, as well as digital marketing initiatives aimed at reaching a wider audience of potential customers across the region.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.





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Automated Machine Learning Market Size, Share, Trends, And Forecasted Growth For 2023-2028

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(EMAILWIRE.COM, March 14, 2024 ) The global Automated Machine Learning (AutoML) Market size is estimated to grow from USD 1.0 billion in 2023 to USD 6.4 billion by 2028, at a CAGR of 44.6% during the forecast period, according to report published by MarketsandMarkets.

AutoML, or Automated Machine Learning, is a rapidly growing field that aims to automate many of the time-consuming and complex tasks involved in building and deploying machine learning models. The AutoML market has been expanding rapidly in recent years, driven by the increasing demand for machine learning solutions across a variety of industries. AutoML tools offer a range of functionalities, such as automating feature engineering, hyperparameter tuning, model selection, and deployment. This allows data scientists, engineers, and businesses to build and deploy high-quality machine learning models much faster and with less expertise required.

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Leading Companies in Automated Machine Learning (AutoML) Market:

IBM (US)
Oracle (US)
Microsoft (US)
ServiceNow (US)
Google (US)
Baidu (China)
AWS (US)
Alteryx (US)
Salesforce (US)
Altair (US)
Teradata (US)
ai (US)
DataRobot (US)
Healthcare & Lifesciences to account for higher CAGR during the forecast period

The AutoML market for healthcare is categorized into various applications, such as anomaly detection, disease diagnosis, drug discovery, chatbot and virtual assistance and others (clinical trial analysis and electronic health record (EHR) analysis). In the healthcare and life sciences industry, AutoML can help automate various tasks such as disease diagnosis, drug discovery, and patient care. AutoML can be used to analyze large volumes of medical data, such as electronic health records, medical images, and genomic data, to identify patterns and make predictions. This can help healthcare professionals make more accurate diagnoses, identify potential treatments, and improve patient outcomes. AutoML can also be used in drug discovery to identify potential drug candidates and optimize drug development processes. By analyzing molecular structures, genetic data, and other factors, AutoML can help identify potential drug targets and optimize drug efficacy and safety. AutoML can also be used to monitor patient progress and adjust treatment plans as needed. The implementation of AutoML in healthcare and life sciences should be done with caution and consideration for ethical and regulatory concerns.

Services Segment to account for higher CAGR during the forecast period

The market for Automated Machine Learning is bifurcated based on offering into solution and services. The CAGR of services is estimated to be highest during the forecast period. AutoML services allow users to automate various tasks involved in building and deploying machine learning models, such as feature engineering, hyperparameter tuning, model selection, and deployment. These services are designed to make it easier for businesses and individuals to leverage the power of machine learning without requiring extensive knowledge or expertise in the field.

Asia Pacific to exhibit the highest CAGR during the forecast period

The CAGR of Asia Pacific is estimated to be highest during the forecast period. Automated machine learning is rapidly growing in Asia Pacific, which includes China, India, Japan, South Korea, ASEAN, and ANZ (Australia and New Zealand). In recent years, there has been significant growth in the adoption of both AutoML and machine learning across various industries in Asia Pacific, driven by the region’s large and diverse datasets, as well as the need for faster and more efficient decision-making. Many companies in the region are also investing in the development of AutoML platforms and tools to help accelerate the adoption of AI and machine learning. To support the adoption of AutoML and machine learning, governments and organizations in the Asia Pacific region are investing in infrastructure and programs to promote innovation, education, and collaboration.

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Market Players

Major vendors in the global Automated Machine Learning market are IBM (US), Oracle (US), Microsoft (US), ServiceNow (US), Google (US), Baidu (China), AWS (US), Alteryx (US), Salesforce (US), Altair (US), Teradata (US), H2O.ai (US), DataRobot (US), BigML (US), Databricks (US), Dataiku (France), Alibaba Cloud (China), Appier (Taiwan), Squark (US), Aible (US), Datafold (US), Boost.ai (Norway), Tazi.ai (US), Akkio (US), Valohai (Finland), dotData (US), Qlik (US), Mathworks (US), HPE (US), and SparkCognition (US).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com


Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

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AI Code Tools Market Growth Drivers, Opportunities, Trends & Statistics

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(EMAILWIRE.COM, March 14, 2024 ) According to a research report "AI Code Tools Market by Offering (Tools (Deployment Mode) and Services), Technology (ML, NLP, Generative AI), Application (Data Science & Machine Learning, Cloud Services & DevOps, Web Development), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the market for AI code tools is estimated to grow from USD 4.3 billion in 2023 to USD 12.6 billion by 2028, at a CAGR of 24.0% during the forecast period. AI code tools, also known as artificial intelligence code tools or AI-powered code tools, are software applications and platforms that leverage artificial intelligence and machine learning technologies to assist developers in various aspects of the software development lifecycle. These tools aim to streamline and enhance the coding process by automating repetitive tasks, providing code suggestions and corrections, detecting errors and vulnerabilities, and offering insights into code quality and performance.

Browse 261 market data Tables and 56 Figures spread through 332 Pages and in-depth TOC on "AI Code Tools Market - Global Forecast to 2028"


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Services segment to account for higher CAGR during the forecast period

AI code tools, complemented by a suite of services, are facilitating the seamless integration and operation of artificial intelligence solutions across diverse industries. Professional services, including consulting, training, system integration, and implementation, are pivotal in guiding businesses through their AI journey, assisting in strategy formulation, enhancing workforce skills, and ensuring that AI tools effectively integrate with existing infrastructures. Furthermore, support and maintenance services play a crucial role in sustaining the performance and reliability of AI systems, minimizing downtime, and resolving issues promptly. Managed services offer a holistic approach by outsourcing the management of AI systems, freeing organizations from the complexities of AI deployment, and enabling them to focus on their core competencies while benefiting from expert guidance. These services are collectively propelling AI code tools into the forefront of automation and innovation, providing a comprehensive ecosystem that empowers organizations to harness the transformative potential of artificial intelligence while addressing their specific needs and constraints, and fostering a dynamic collaboration between human expertise and AI capabilities.

Cloud segment is expected to hold the largest market size for the year 2023

AI code tools, deployed in the cloud, have become the backbone of innovation and efficiency across industries. Leveraging the power of cloud computing, these tools offer scalability, accessibility, and a plethora of resources to developers and businesses. Cloud-based AI code tools allow organizations to harness artificial intelligence without the need for extensive infrastructure investments, making them cost-effective and readily available. This deployment mode facilitates the development of AI applications that can adapt to changing workloads and data demands. Platforms like Google Vertex AI provide a robust environment for building, deploying, and managing machine learning models in the cloud, streamlining the development process for data scientists and developers. Amazon CodeWhisperer leverages cloud infrastructure to enhance the code review process, automating the identification of potential issues and vulnerabilities in software projects.

The healthcare and life sciences vertical is projected to grow at the highest CAGR during the forecast period

AI code tools have brought about a significant transformation in the Healthcare & Life Sciences industry. These tools are empowering healthcare providers, researchers, and pharmaceutical companies to improve patient care, accelerate drug discovery, and enhance operational efficiency. One of the key applications of AI code tools in healthcare is in the field of medical imaging. Machine learning models have been trained to analyze and interpret medical images, such as X-rays, MRIs, and CT scans, with a high degree of accuracy. In the Life Sciences sector, AI code tools are revolutionizing drug discovery and the development of personalized medicine. Pharmaceutical companies are using AI to analyze vast datasets, including genetic information, chemical compounds, and clinical trial data, to identify potential drug candidates. AI code tools are making a profound impact on the Healthcare & Life Sciences vertical by improving medical imaging, accelerating drug discovery, enabling personalized medicine, optimizing healthcare operations, and enhancing predictive analytics.

The report profiles key players such as Microsoft (US), IBM (US), Google (US), AWS (US), Salesforce (US), Meta (US) and OpenAI (US)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com


Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

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Oven Controlled Crystal Oscillator Market is expected to reach USD 5900 Billion by 2030 at a CAGR of 3.45 percent

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(EMAILWIRE.COM, March 15, 2024 ) Oven Controlled Crystal Oscillator Market Report Scope and Research Methodology

The Oven Controlled Crystal Oscillator Market Report comprehensively examines the landscape of the Oven Controlled Crystal Oscillator, encompassing market trends, competitive analysis, and growth influencers. The Bottom-Up approach was used to estimate the market size. A research approach involves reliable data sources, primary interviews, and statistical analysis, the report ensures accuracy and reliability.

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Oven Controlled Crystal Oscillator Market Dynamics

The demand for the Oven Controlled Crystal Oscillator is driven by the need for reliable and consistent frequency sources for advanced technologies. With the increasing applications in emerging technologies, such as 5G and satellite communication, the OCXO market is composed for further growth and presenting opportunities for innovation and market player's growth.

Oven Controlled Crystal Oscillator Market Segment Regional Analysis

North America region dominated the market with the largest revenue share. The region's essential role in fostering new cellular technologies like LTE and 5G contributed to the important growth prospects for OCXO manufacturers. The sectors such as consumer electronics and automotive experienced noteworthy growth and heightened demand, further bolstering the market's prominence.

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Oven Controlled Crystal Oscillator Market Segmentation

By Type

Evacuated Miniature Crystal Oscillators (EMXO)
Double Oven Controlled Crystal Oscillators (DOCXO)

By Mounting

Surface Mount
Through-hole

By Application

Telecom & Networking
Consumer Electronics
Military & Aerospace
Industrial
Research & Measurement
Automotive
Medical

Oven Controlled Crystal Oscillator Key Players include

Bliley Technologies
CTS
Microcrystal
Rakon
Greenway Industries
NEL
Epson

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Maximize Market Research is leading Electronics research firm, has also published the following reports:

MEMS Oscillator Market- The market is expected to reach USD 9748.01 Mn. by 2029 at a CAGR of 46.08 percent.

Temperature Compensated Crystal Oscillator Market- The market is expected to reach USD 3.91 Bn. by 2030 at a CAGR of 4 percent.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.




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Forecasting the Rise of the Global CNC Market to $80.4 Billion by 2028

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(EMAILWIRE.COM, March 15, 2024 ) The CNC Market is expected to grow from USD 67.5 billion in 2023 to USD 80.4 billion by 2028, at a CAGR of 3.5% during the forecast period. Increasing automation in manufacturing industries globally and rising mass production of high-precision components for high-growth industries.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195192631

The machines segment is expected to lead the global CNC market during the forecast period. CNC machines are the foundation of machining operations in various industries. They form the backbone of CNC systems; without them, the CNC ecosystem would not exist. As primary tools in manufacturing processes, CNC machines play an indispensable role. Additionally, many industries increasingly rely on these machines to meet the demand for complex and precise components. This demand is exceptionally high in sectors, such as aerospace, where safety and precision are paramount, and automotive, where efficiency and quality are crucial.

Machining centers are expected to lead the global CNC market during the forecast period. The market is experiencing growth due to manufacturers’ increased focus on investing in technology to develop innovative, energy-efficient, and advanced CNC solutions tailored for end-users. Machining centers are highly versatile CNC machines that can perform various machining operations, including milling, drilling, turning, and more. This versatility makes them suitable for various industries and applications. In addition, machining centers are known for their exceptional precision and accuracy in producing complex and intricate parts. This is critical for aerospace, automotive, and medical industries, where component tolerances are tight. Therefore, the machining centers segment is expected to grow substantially during the forecast period.

The automotive & transportation end-user industry is expected to account for the largest share of the CNC market during the forecast period. The automotive industry relies heavily on CNC machines to manufacture precision components such as engine parts, transmission components, chassis parts, and intricate body panels. These machines ensure high accuracy and repeatability, which are crucial for automotive manufacturing.

In addition, the shift towards electric vehicles (EVs) has led to the development new components and designs that demand precision machining. CNC machines are used extensively in producing electric motors, battery components, and lightweight materials required for EVs.
In addition, rail transportation requires precision-engineered components for trains and locomotives. CNC machines create parts, including axles, wheels, and braking systems, ensuring safety and reliability in rail transport. These factors collectively contribute to the prominence of CNC machines in the automotive & transportation industry, making it the largest segment in the CNC market.

Asia Pacific is expected to hold the largest share of the CNC market throughout the forecast period. The growing manufacturing sector and industrialization in the region majorly drive market growth. Continuous advancements and technological innovations in industries and economic development in major economies, such as China, Japan, and India. This has increased demand for CNC machines in various industries, such as automotive, aerospace, electronics, and precision engineering. In addition, the growing automotive industry in countries, such as China and India has experienced exponential growth. CNC machines are crucial for producing complex and precise components in the automotive sector, driving the demand for CNC machines in the region.

Key Market Players:

The CNC players have /implemented various types of organic and inorganic growth strategies, such as product launches, product developments, partnerships, and collaborations, to strengthen their offerings in the market. The major players are DMG MORI (Japan), Okuma Corporation (Japan), Makino Milling Machine Co., Ltd. (Japan), Haas Automation, Inc (US), JTEKT Corporation (Japan), DN SOLUTIONS (South Korea), TRUMPF (Germany), Hurco Companies, Inc. (US), Yamazaki Mazak Corporation (Japan), GF Machining Solutions Management SA (Switzerland), CHIRON Group SE (Germany), and others.

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https://www.marketsandmarkets.com/requestsampleNew.asp?id=195192631


About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.


Mr. Aashish Mehra
1-888-600-6441
sales@marketsandmarkets.com

Source: EmailWire.Com

Global Smart Immersion Heater Market is projected to reach the value of $147.58 million by 2030

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(EMAILWIRE.COM, March 15, 2024 ) According to the latest analysis by Virtue Market Research, the Global Smart Immersion Heater Market was valued at $120 million in 2023 and is projected to reach a market size of $147.58 million by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of %.

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In the ever-evolving landscape of home appliances, the Global Smart Immersion Heater Market stands out as a beacon of innovation, revolutionizing the way we approach water heating.

A lasting driver propelling the Smart Immersion Heater Market is the growing global emphasis on energy efficiency and sustainability. Over the years, the market has witnessed an increasing demand for smart immersion heaters due to their ability to optimize energy consumption and reduce overall utility costs. This long-term trend aligns with the broader societal shift towards eco-friendly solutions. Even amidst the challenges posed by the COVID-19 pandemic, the market exhibited resilience. The pandemic underscored the importance of home comforts, with people spending more time indoors. The impact of COVID-19 served as a catalyst, influencing consumers to invest in smart home technologies, including immersion heaters, as a means of enhancing both convenience and energy efficiency.

In the short term, a notable driver steering the Smart Immersion Heater Market is the increasing awareness of energy-efficient appliances. Recent developments highlight a surge in consumer interest in smart immersion heaters with advanced features like programmable schedules and remote-control functionalities. The short-term growth is further fueled by the need for quick and efficient water heating solutions, especially in regions experiencing extreme weather conditions.

An exciting opportunity within the market lies in the integration of Artificial Intelligence (AI) for predictive heating. Companies are exploring AI-driven algorithms to predict users' water heating patterns, optimizing energy use and providing a more tailored experience. The trend towards AI-driven smart immersion heaters not only enhances user convenience but also positions the market at the forefront of the evolving smart home ecosystem.

A prevalent trend observed in the Smart Immersion Heater Market is the integration of connectivity features, allowing users to control their heaters remotely through mobile applications. The rise of the Internet of Things (IoT) has paved the way for smart immersion heaters to be part of the connected home environment. Recent developments showcase heaters that can be controlled via smartphones, providing users with the flexibility to manage their water heating needs from anywhere. This trend aligns with the broader shift towards smart living and the increasing demand for interconnected home devices. As homes become smarter, the trend of connected smart immersion heaters is poised to become a defining feature of modern households, driving the market's evolution.

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Segmentation Analysis:
The Global Smart Immersion Heater Market segmentation includes:

By Product Type:
• Over-the-Side Immersion Heater
• Flanged Immersion Heater
• Screw Plug Immersion Heater
• Circulation Immersion Heater
The Flanged Immersion Heater emerges as the largest growing segment in the Smart Immersion Heater Market, driven by its versatility and widespread application in various industrial and residential settings. Recent trends indicate a surge in demand for flanged immersion heaters due to their ease of installation, adaptability to different tank or vessel sizes, and efficient heat transfer capabilities. Companies are focusing on developing innovative designs and materials for flanged heaters, catering to diverse customer needs. Collaborations with manufacturers of industrial equipment and storage tanks contribute to the prominence of flanged immersion heaters, positioning them as a preferred choice for heating solutions in a broad range of industries.

Screw Plug Immersion Heaters stand out as the fastest growing segment in the Smart Immersion Heater Market, driven by their compact design, rapid heating capabilities, and suitability for applications with space constraints. Recent developments highlight an increasing demand for screw plug immersion heaters, particularly in residential and commercial settings where compact and portable heating solutions are essential. Companies are investing in advanced materials and manufacturing techniques to enhance the efficiency and durability of screw plug heaters. Collaborations with home appliance manufacturers and facility management companies contribute to the accelerated growth of screw plug immersion heaters, making them a key player in the fast-evolving landscape of smart water heating solutions.

By End-User:
• Gas & Oil Industry
• Chemical Industry
• Automotive Industry
• Others
The Smart Immersion Heater market experiences substantial growth in the Chemical Industry, primarily due to the industry's demand for precise and controlled heating processes. Recent trends reveal an increasing adoption of smart immersion heaters in chemical manufacturing plants, where accurate temperature control is critical for various processes. Companies in the chemical sector are collaborating with smart heater manufacturers to integrate advanced temperature sensors and smart controls, enhancing operational efficiency and ensuring compliance with stringent industry standards. This collaboration positions smart immersion heaters as integral components in the chemical manufacturing landscape, contributing to the sector's significant growth within the market.

The Gas & Oil Industry stands out as the fastest-growing sector in the Smart Immersion Heater market, driven by the sector's growing reliance on advanced heating solutions for extraction and processing operations. Recent developments highlight an increasing preference for smart immersion heaters in oil refineries and gas processing plants. Companies operating in the gas and oil sector are collaborating with smart heater manufacturers to deploy heaters equipped with real-time monitoring and automation features, optimizing the heating process in harsh operational environments. This strategic integration of smart heating technologies enhances operational efficiency, reduces downtime, and ensures compliance with safety regulations. The collaborative efforts between smart heater manufacturers and the gas and oil industry contribute to the sector's rapid growth, positioning smart immersion heaters as indispensable tools in the quest for efficient energy extraction and processing.

By Region:
Asia Pacific emerges as the largest growing region in the Smart Immersion Heater market, driven by a combination of rapid industrialization, population growth, and an increasing focus on energy efficiency. Countries like China and India are at the forefront of this growth, with expanding manufacturing sectors and rising investments in smart technologies. Recent trends indicate a heightened demand for smart immersion heaters in diverse applications, including manufacturing, energy, and residential sectors. Collaborations between local and international manufacturers contribute to the region's prominence, positioning Asia Pacific as a key player in the evolution of smart water heating solutions.

North America stands out as the fastest-growing region in the Smart Immersion Heater market, fueled by a mature industrial landscape, technological innovation, and a growing awareness of energy-efficient solutions. The United States, in particular, leads this growth with a robust manufacturing sector and a strong inclination towards adopting smart home technologies. Recent developments showcase an increased integration of smart immersion heaters in both industrial and residential settings. Collaborations between technology firms, utility providers, and manufacturers drive innovations in smart heating solutions, propelling North America as a dynamic hub for the rapid expansion of the smart immersion heater market.

Europe establishes itself as a hub of technological advancements in the Smart Immersion Heater market, driven by a combination of stringent energy regulations, a focus on sustainability, and a mature industrial landscape. Leading countries such as Germany, the United Kingdom, and France are at the forefront of adopting smart heating solutions. Recent trends indicate a surge in demand for energy-efficient immersion heaters in various sectors, including manufacturing and residential applications. Collaborations between European governments, research institutions, and technology companies contribute to the region's leadership in shaping the future of smart water heating solutions.

Latin America showcases a growing market for Smart Immersion Heaters, fueled by increasing urbanization, economic growth, and a rising awareness of smart technologies. Countries like Brazil and Mexico are witnessing a surge in demand for energy-efficient heating solutions, both in industrial and residential settings. Recent collaborations between local manufacturers and international technology providers contribute to the region's adoption of smart immersion heaters. Latin America's embrace of smart technologies positions it as a notable player in the global smart water heating market.

The Middle East & Africa region is gradually embracing energy-efficient solutions, propelling the Smart Immersion Heater market. Countries such as the United Arab Emirates, South Africa, and Nigeria are witnessing increased demand for smart heating technologies, driven by a growing focus on sustainability and efficiency. Recent collaborations between regional governments, energy authorities, and technology firms contribute to the adoption of smart immersion heaters. The region's evolving stance towards energy efficiency positions it as an emerging player in the global smart water heating market.

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Latest Industry Developments:
• A prevailing trend in the Smart Immersion Heater Market is the strategic collaboration of companies with smart home ecosystem providers. Recognizing the importance of seamless integration within the broader smart home environment, companies are forming partnerships with platforms such as Amazon Alexa, Google Assistant, and Apple HomeKit. Recent developments showcase immersion heaters that can be seamlessly controlled through voice commands or integrated into comprehensive home automation systems. These collaborations enhance the market's competitiveness by offering consumers a more interconnected and convenient home heating experience.

• Companies in the market are increasingly emphasizing the integration of Internet of Things (IoT) technology and cloud-based solutions. Recent developments highlight smart immersion heaters that can be remotely controlled and monitored through dedicated mobile applications. The trend involves leveraging IoT connectivity to provide real-time data on energy consumption, predictive maintenance alerts, and personalized heating schedules. Collaborations with cloud service providers enable the storage and analysis of user data, facilitating the development of smarter and more energy-efficient immersion heaters. This strategic focus on IoT connectivity enhances market share by addressing the growing consumer demand for intelligent and connected home appliances.

• A noteworthy trend shaping market dynamics is the investment in advanced sensor technologies and the integration of Artificial Intelligence (AI). Companies are exploring the incorporation of sensors that can monitor water temperature, usage patterns, and ambient conditions. Recent developments showcase immersion heaters equipped with AI algorithms that learn user habits and optimize heating processes. Collaborations with AI experts and technology firms facilitate the development of predictive heating solutions, enhancing energy efficiency and user experience. This trend positions companies at the forefront of technological innovation, appealing to consumers seeking intelligent and adaptive heating solutions.

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The Global Ship Winch Market is projected to reach a market size of $1675.85 Million by 2030

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(EMAILWIRE.COM, March 15, 2024 ) According to the latest analysis by the virtue market research in Global Ship Winch Market was valued at $1,246.42 Million and is projected to reach a market size of $1675.85 Million by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 4.32%.

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The Ship Winch Market has been steered by long-term market drivers, alongside the winds of change brought forth by the COVID-19 pandemic. As vessels continue to dominate global trade, the demand for efficient and reliable winch systems remains robust. One enduring long-term market driver is the ever-expanding maritime trade routes. With globalization knitting economies closer together, the need for streamlined cargo handling processes intensifies. Ship winches play a pivotal role in this domain, facilitating loading and unloading operations with precision and speed.

However, the onset of the COVID-19 pandemic created ripples across the Ship Winch Market. As nations grappled with lockdowns and supply chain disruptions, maritime activities experienced significant turbulence. The market witnessed a temporary slump as shipping schedules were disrupted, and investments in new vessels were put on hold. Nevertheless, the industry demonstrated resilience, adapting to the new normal with enhanced safety protocols and remote monitoring technologies.

In the short term, one of the key market drivers propelling the Ship Winch Market forward is the burgeoning demand for offshore wind energy installations. As countries accelerate their transition towards renewable energy sources, offshore wind farms emerge as a promising avenue for clean power generation. Ship winches, equipped with specialized capabilities for installation and maintenance tasks, are integral to the success of these projects. This surge in offshore wind energy installations presents a lucrative opportunity for players in the Ship Winch Market to expand their portfolio and capture new market segments.

Simultaneously, a notable trend observed in the industry is the integration of advanced automation technologies into ship winch systems. As digitalization sweeps across the maritime sector, shipowners and operators are increasingly embracing smart winch solutions to optimize efficiency and enhance operational safety. Automated winch systems equipped with sensors and predictive maintenance capabilities empower stakeholders to preemptively address maintenance issues, minimizing downtime and maximizing productivity. This trend not only aligns with the broader industry shift towards autonomous shipping but also underscores the growing emphasis on sustainability and operational efficiency.

Furthermore, amidst the evolving landscape of the Ship Winch Market, a notable opportunity lies in the development of eco-friendly winch solutions. With sustainability emerging as a defining theme across industries, there is a growing demand for environmentally conscious maritime technologies. Manufacturers are exploring innovative materials and energy-efficient designs to mitigate the ecological footprint of ship winches while maintaining robust performance standards. This presents an avenue for differentiation and market leadership, catering to the evolving preferences of environmentally conscious stakeholders.

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Segmentation Analysis:
By Types: Electric Winches, Hydraulic Winches, Manual Winches, and Others
The Ship Winch Market encompasses various types of winches, including Electric Winches, Hydraulic Winches, Manual Winches, and Others. Among these, Electric Winches emerge as the largest segment, catering to diverse maritime applications. Electric Winches leverage electrical power for seamless operation, offering superior efficiency and reliability. During the forecast period, Electric Winches are projected to experience the fastest growth, driven by advancements in electric propulsion systems and the increasing adoption of automation technologies in the maritime sector.

By Applications: Marine Engineering, Hoisting Freight, and Fishing
In terms of applications, the Ship Winch Market serves Marine Engineering, Hoisting Freight, and Fishing activities. Marine Engineering stands out as the largest application segment, encompassing a wide range of tasks such as ship construction, repair, and maintenance. The demand for winches in Marine Engineering is fueled by the ongoing expansion of port facilities and shipbuilding activities worldwide. While Marine Engineering dominates the market, the fastest-growing application segment is Hoisting Freight. With the global trade landscape evolving rapidly, there is a growing need for efficient cargo handling solutions, driving the demand for winches in freight hoisting operations.

Regional Analysis:
Geographically, the Ship Winch Market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America emerges as the largest regional market, buoyed by robust maritime infrastructure and significant investments in port modernization projects. The region boasts a mature shipbuilding industry and a strong presence of key market players, contributing to its dominance in the Ship Winch Market. Meanwhile, Europe is forecasted to be the fastest-growing region during the forecast period. The growth in Europe can be attributed to increasing investments in offshore wind energy projects and the implementation of stringent environmental regulations driving the demand for eco-friendly winch solutions.

Latest Industry Developments:
1. Investment in Research and Development (R&D):
Companies in the Ship Winch Market are increasingly allocating resources towards research and development activities to enhance product innovation and differentiation. Recent developments showcase a trend towards the integration of advanced technologies such as IoT (Internet of Things), AI (Artificial Intelligence), and automation into winch systems. By investing in R&D, companies aim to develop next-generation winch solutions that offer improved efficiency, reliability, and safety, thereby gaining a competitive edge in the market.

2. Strategic Partnerships and Collaborations:
Another notable trend among companies in the Ship Winch Market is the formation of strategic partnerships and collaborations with other industry players, technology firms, and research institutions. These partnerships enable companies to leverage complementary expertise, access new markets, and accelerate product development cycles. Recent examples include collaborations between winch manufacturers and maritime engineering firms to co-create custom winch solutions tailored to specific industry requirements. By forging strategic partnerships, companies strengthen their market position and expand their reach, driving growth and market share gains.

3. Focus on Sustainability and Environmental Responsibility:
With increasing regulatory scrutiny and growing emphasis on sustainability across industries, companies in the Ship Winch Market are prioritizing eco-friendly initiatives and sustainable practices. Recent developments highlight a shift towards the development of energy-efficient winch systems, the use of recyclable materials, and the implementation of green manufacturing processes. By aligning with environmental standards and meeting customer demands for sustainable solutions, companies enhance their reputation, attract environmentally conscious customers, and differentiate themselves in the competitive landscape.

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megha@virtuemarketresearch.com

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Predictive Maintenance Market Size, Share, Revenue, Drivers, Competitive Landscape, Future Plans Till 2026

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(EMAILWIRE.COM, March 15, 2024 ) The global Predictive Maintenance Market size to grow from USD 4.2 billion in 2021 to USD 15.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period, according to a new report by MarketsandMarkets™. Various factors such as increasing spending on marketing and advertising activities by enterprises, changing landscape of customer intelligence to drive the market, and proliferation of customer channels are expected to drive the adoption of predictive maintenance technologies and services.

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Predictive Maintenance Market Dynamics:

Drivers:

Increasing use of emerging technologies to gain valuable insights.
Advent of ML and AI
Growing need to reduce maintenance cost, equipment failure, and downtime
Restraints:

Lack of skilled workforce.
Data security concerns
Opportunities:

Rising internet proliferation and growing usage of connected and integrated technologies.
Real-time condition monitoring to assist in taking prompt actions
COVID-19 pandemic increasing the need for remote monitoring and management of assets and business processes
List of Key Players in Predictive Maintenance Market:

Microsoft (US)
IBM (US)
SAP (Germany)
SAS Institute (US)
Software AG (Germany)
TIBCO Software (US)
HPE (US)
Altair (US)
Splunk (US)
Oracle (US)
Google (US)
AWS (US)
GE (US)
Schneider Electric (France)
Hitachi (Japan)
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Predictive maintenance is an approach used by enterprises to predict future failure points as well as monitor the condition of an asset in real-time. Besides passive monitoring, the predictive maintenance technique leverages ML algorithms that take critical historical data, such as temperature, pressure, and vibration, as an input, thus providing prediction related to the condition of an asset in real-time. This, in turn, enables enterprises to significantly reduce unplanned machine downtime and decide whether any particular asset needs maintenance. Predictive maintenance ensures the machine is taken for maintenance before it fails, due to which there are minimal losses in production. Traditional maintenance software currently cannot manage these expectations, as these maintenance solutions are reactive and periodic, which might affect the productivity of an enterprise due to unexpected downtime of the asset. Predictive maintenance solutions leverage technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), and big data, to gather meaningful insights from all the data received from the machines, thus helping in taking necessary actions before the breakdown of the asset.

Public Cloud segment to account for a larger market size during the forecast period

Public cloud deployment mode in the predictive maintenance market offers a cloud-based environment and is available to the general public over the internet. It requires minimal investment, no hardware setup, and no infrastructure management. It is a type of virtual network environment wherein various service providers provide cloud-based analytical solutions. Organizations are moving their complex core applications to public cloud due to its compatibility, security, and performance.

Government and Defense vertical to have the largest market size during the forecast period

Government and public institutions are shifting toward a digital mode of operations, with the developed IT infrastructure in place, to improve reliability and efficiency. Government and public authorities are taking various initiatives, such as smart cities and traffic management, to enhance the lifestyle of its citizens and administer the cities. Public sector organizations all over the world have the responsibility of employing high-value assets and operations associated with utilities, public venues, roads, bridges, transit and mobility systems, airports, ports, and public health systems.

APAC to hold higher CAGR during the forecast period

The predictive maintenance market has been segmented into five major regions: North America, Europe, APAC, Latin America, and MEA. APAC is expected to grow at a good pace during the forecast period. The region will be booming, as it is experiencing a lot of new entrepreneur setups, which would be looking forward to acquiring new customers and gaining customer trust by involving new paradigms of maintenance technologies to have a competitive advantage over the established players. Predictive maintenance vendors in this region focus on innovations related to their product line. China, Japan, India, and Bangladesh have displayed ample growth opportunities in the predictive maintenance market.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com




Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

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The Touchscreen laptop Market is projected to reach a market size of USD 10.12 Billion by the end of 2030

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(EMAILWIRE.COM, March 15, 2024 ) According to the latest analysis by Virtue Market Research, the Touchscreen laptop Market was valued at USD 4.3 Billion in 2023 in 2023 and is projected to reach a market size of USD 10.12 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 13%.

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In the ever-evolving landscape of technology, the Touchscreen Laptop Market has been a focal point for innovation and consumer demand. With over 7 years of industry expertise and the authorship of 200 highly viewed articles, our expert delves into the market dynamics, analyzing long-term and short-term drivers, opportunities, and emerging trends.

Long-Term Market Driver and COVID-19 Impact:
A significant long-term driver in the Touchscreen Laptop Market has been the growing need for enhanced user experiences and increased productivity. As consumers increasingly prioritize seamless interaction with their devices, manufacturers have responded by integrating touchscreens into laptops. This trend has not only revolutionized user interfaces but has also driven the market's sustained growth over the years.

However, the market, like many others, faced the unprecedented challenge of the COVID-19 pandemic. The global health crisis disrupted supply chains, leading to production delays and shortages in raw materials. Despite the initial setbacks, the pandemic acted as a catalyst for the adoption of touchscreen laptops. With remote work becoming the norm, the demand for versatile and user-friendly devices surged, driving the market to adapt swiftly to the changing landscape.

Short-Term Market Driver:
In the short term, a key driver for the Touchscreen Laptop Market has been the constant evolution of processor technology. As processors become more powerful and energy-efficient, manufacturers can produce laptops with improved performance and longer battery life. This not only enhances the overall user experience but also stimulates demand as consumers seek to upgrade to the latest technology.

Opportunity and Trend:
An exciting opportunity in the Touchscreen Laptop Market lies in the education sector. With the increasing digitization of education and the rise of e-learning, there is a growing demand for devices that facilitate interactive and engaging learning experiences. Touchscreen laptops, with their intuitive interfaces, are well-positioned to meet this demand. Manufacturers have the opportunity to collaborate with educational institutions to provide affordable and tailored solutions for students, thereby expanding their market share.

A noteworthy trend observed in the industry is the convergence of touchscreen technology with 2-in-1 convertible laptops. These versatile devices can function both as traditional laptops and as tablets, offering users the flexibility to adapt to different tasks and environments. This trend has gained traction due to the desire for multipurpose devices that cater to various needs, from work to entertainment, contributing to the overall market growth.

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Segmentation Analysis:
By Screen size:
• Ultraportable laptops
• Standard laptops
• Large-screen Laptops
Touchscreen laptops, when classified by screen size, come in three distinct categories: Ultraportable, Standard, and Large-screen. Ultraportable laptops, with their compact design and lightweight build, have emerged as the fastest-growing segment during the forecast period. These devices provide users with the perfect blend of functionality and portability, making them ideal for on-the-go tasks. On the other hand, Standard laptops take the lead as the largest in this segment, offering a balance between screen size and performance. Large-screen laptops, while not the largest or fastest-growing, carve their niche by providing users with expansive displays for immersive experiences.

By Application:
• Business
• Consumer
• Gaming
Touchscreen laptops cater to diverse applications, serving the needs of Business, Consumer, and Gaming segments. Gaming laptops take the lead as the largest in this segment, as the gaming community increasingly seeks immersive and interactive experiences. However, in terms of growth, the Business segment emerges as the fastest-growing. With the changing landscape of remote work and business operations, there is a surging demand for touchscreen laptops that enhance productivity and streamline professional tasks. This shift in consumer behavior positions the Business segment on the fast track to growth within the touchscreen laptop market.

By Operating System:
• Windows-based laptops
• MacBook’s
• Chromebooks
Operating systems play a crucial role in defining the user experience, and touchscreen laptops are available with different options. Windows-based laptops dominate this segment as the largest player, offering a familiar interface and a wide range of applications. However, the fastest-growing operating system in the touchscreen laptop market is Chromebooks. Known for their simplicity, speed, and security, Chromebooks have gained traction, particularly in educational and business settings. The MacBook, with its dedicated user base, maintains a steady presence in the market, offering a unique ecosystem to Apple enthusiasts.

By price range:
Entry-level
Mid-Range
Flagship
In the diverse realm of touchscreen laptops, they are neatly divided by price range into Entry-level, Mid-Range, and Flagship categories. The Mid-Range laptops, sitting comfortably in the middle of the price spectrum, emerge as the largest segment. Boasting a blend of affordability and performance, Mid-Range laptops capture the hearts of consumers seeking a sweet spot between features and cost. Surprisingly, the fastest-growing category during the forecast period is the Entry-level segment. These budget-friendly options attract a broad audience, including students and first-time laptop users, contributing to their remarkable surge in demand.


Regional Analysis:
Geographical considerations bring a nuanced perspective to the touchscreen laptop market. North America stands out as the largest market in this segment, with a tech-savvy population driving the demand for innovative devices. On the other hand, the fastest-growing region during the forecast period is Asia-Pacific. With increasing digital adoption and a burgeoning middle class, countries in this region showcase a rising affinity for touchscreen laptops. Europe, South America, and the Middle East & Africa contribute to the global market, each presenting unique challenges and opportunities based on regional preferences and economic landscapes.

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Latest Industry Developments:
1. Diversification of Product Offerings:
Companies in the touchscreen laptop market are increasingly focusing on diversifying their product portfolios to cater to a broader range of consumer preferences. Recent developments indicate a trend towards offering a variety of models with different specifications, features, and price points. This strategy allows companies to address the diverse needs of users, from budget-conscious consumers to those seeking high-end, performance-driven devices. By expanding their product range, companies aim to capture a larger share of the market and stay competitive in the rapidly evolving landscape of touchscreen laptops.
2. Integration of Advanced Technologies:
A prominent trend among companies in the touchscreen laptop market is the integration of advanced technologies to enhance user experience. Recent developments showcase a keen emphasis on incorporating cutting-edge features such as artificial intelligence (AI), improved touch sensitivity, and enhanced security measures. Companies are leveraging these technological advancements not only to differentiate their products but also to meet the growing demands for seamless and secure computing. By staying at the forefront of technological innovation, companies aim to attract tech-savvy consumers and solidify their market share in a competitive environment.
3. Strategic Alliances and Partnerships:
Collaborations and partnerships have emerged as a notable strategy for companies in the touchscreen laptop market to strengthen their market position. Recent developments highlight a trend where companies are forming strategic alliances with software developers, educational institutions, and other industry players. These partnerships allow companies to leverage complementary strengths, access new markets, and create synergies that enhance the overall value proposition for consumers. By fostering collaborative efforts, companies seek to gain a competitive edge and expand their market share through mutually beneficial initiatives.

About Us:
“Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success.”



Megha
+1-917 436 1025
megha@virtuemarketresearch.com

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Pressure Sensitive Adhesive Tapes Market worth $92.4 billion by 2030, growing at a CAGR of 4.7% - Exclusive Report by MarketsandMarkets™

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(EMAILWIRE.COM, March 16, 2024 ) The report "Pressure Sensitive Adhesive Tapes Market by Type, Technology (Water-Based, Solvent-Based, Hot-Melt), Adhesive Type (Acrylic, Rubber, Silicone), Backing or Carrier Material (Plastic, Paper, Foam), End-Use Industry, and Region - Global Forecast to 2030" size is projected to grow from USD 67.0 billion in 2023 to USD 92.4 billion by 2030, at a CAGR of 4.7% during the forecast period.

Browse in-depth TOC on "Pressure Sensitive Adhesives Market”

451 - Market Data Tables

71 - Figures

406 - Pages

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The single-sided tapes segment is expected to account for one of the largest shares in 2023.
In the realm of pressure-sensitive adhesive (PSA) tapes, the single-coated variant stands out as a versatile and widely utilized solution. Characterized by the application of adhesive on just one side of the backing material, this design accommodates diverse backing compositions, including paper, polymeric film, foil, nonwoven fabric, or high-thread-count woven cloth. The adhesive formulation in single-coated tapes can vary, featuring compositions such as acrylic, rubber, or silicone, each imparting distinct characteristics to the tape. Single-coated tapes find application across various industries, serving crucial roles in electrical, masking, carton sealing, and medical domains. From facilitating secure carton closures to providing precise and reliable masking in painting applications, the single-coated pressure sensitive adhesive tapes exemplify adaptability and effectiveness in meeting specific industrial requirements. This dynamic tape category continues to evolve, driven by innovations in adhesive technologies and the evolving demands of diverse sectors.

The water-based segment is expected to account for the largest share in 2023.
Water-based technology stands out as the predominant formulating approach for adhesives when considering volume metrics. Adhesives crafted through this technology primarily involve resin emulsions, notably polyvinyl acetate emulsion (PAE). PAE represents a stable suspension of polyvinyl acetate (PVA) particles in water, often enhanced with water-soluble protective colloids like polyvinyl alcohol or 2-hydroxyethyl cellulose ether. Additional components such as plasticizers, fillers, solvents, defoamers, and preservatives may augment these adhesives, formulated from rubber compounds as the base material. Synthetic hydrocarbon resins or derivatives from pine sap are incorporated to boost strength. This technology employs water as the carrier fluid, suspending adhesive particles and lowering viscosity, facilitating application across diverse substrates and thickness requirements.

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Asia Pacific is expected to account for the largest share in 2023.
Beyond driving demand and influencing the global market landscape, Asia Pacific stands out for its proactive approach to sustainability in the pressure-sensitive adhesive tapes industry. The region is witnessing a significant shift toward eco-friendly and recyclable adhesive solutions. Governments and regulatory bodies are actively promoting sustainable practices, leading to increased research and development in bio-based adhesives and environmentally conscious manufacturing processes. This emphasis on sustainability aligns with the growing awareness and preferences of consumers and businesses for eco-friendly products. Consequently, Asia Pacific not only serves as a major consumer and producer but also as a trailblazer in fostering a more sustainable and environmentally responsible future for the pressure-sensitive adhesive tapes sector. This dual role positions the region at the forefront of shaping the industry's trajectory on a global scale.

Pressure Sensitive Adhesives Market Key Players
The key players in the pressure sensitive adhesive tapes market include 3M (US), tesa SE (Germany), Nitto Denko Corporation (Japan), Lintec Corporation (Japan), Intertape Polymer Group, (IPG) Inc (Canada), Avery Dennison Corporation (US), Lohmann GmbH & Co., KG (Germany), Berry Global Inc (US), Scapa Group plc (UK), Saint-Gobain Performance Plastics (France), Nichiban Co., Ltd (Japan).

Don't miss out on business opportunities in Pressure Sensitive Adhesives Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1135

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com


Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

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Nanosatellite and Microsatellite Market Size, Share, Trends, Growth Drivers, Opportunities & Statistics

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(EMAILWIRE.COM, March 18, 2024 ) According to a research report "Nanosatellite and Microsatellite Market by Component (Hardware, Software), Application, Type (Nanosatellite, Microsatellite), Organization Size, Vertical (Government, Civil, Commercial), Orbit, Frequency and Region - Global Forecast to 2027" published by MarketsandMarkets, the global nanosatellite and microsatellite market size is expected to grow from USD 2.8 billion in 2022 to USD 6.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.3% during the forecast period.

Browse 258 market data Tables and 47 Figures spread through 252 Pages and in-depth TOC on "Nanosatellite and Microsatellite Market - Global Forecast to 2027"

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130496085

Hardware segment to have the highest market share during the forecast period

Hardware is the core of nanosatellites and microsatellites, readily available with vendors for easy integration and plug-and-play processes. Hardware contributes to the complete mass of satellites based on the weight of hardware; small satellites are categorized as nanosatellites or microsatellites. The hardware segment includes all professional hardware, such as payload, structure, telecommunication, onboard computer, power system, attitude control system, and propulsion system. Hardware contributes to almost 30% of the total market share of the nanosatellite and microsatellite market. The growth in this market is significant, with several players offering low-cost hardware and manufacturing services.

Nanosatellite is expected have the highest market share during the forecast period

A satellite mass if between 1 kg and 10 kg, including fuel are nanosatellites that are only 10 cubic centimeters in size. A range of opportunities in numerous space-based initiatives, ranging from technological research to biological experimentation, were opened up as a result of the launch of the first nanosatellite at the start of this millennium. Numerous advanced methods of control and development have immensely improved the ideal usage. Depending on the mission or assignment a CubeSat is a nanosatellite that has been enlarged to have a standard unit volume of 10 x 10 x 10 cm. In the past, the government, energy, and military defence and intelligence sectors trailed the commercial and civil secotrs in terms of interest in low-mission cost technologies with significant efficiency. The commercial sector is anticipated to have a major boost because of the electronics industry ongoing innovation and technical advancemets.

North America region to record the highest market share in the nanosatellite and microsatellite market

North America is one of the leading regions for adopting nanosatellite and microsatellite and provides great opportunities for the growth of the overall market. The region has been an early adopter of new technologies or software. The booming digitizationacross industries and the increasing demand fir Earth ibservation satellites, which provide incredibly high-resolution Earth photos and videos as close as one meter or less from the earth’s surface, are driving demand for nanosatellite and microsatellites in North America. NASA and other private space agencies are undertaking small satellite missions. Canada is developing new knowledge and cutting-edge technologies to boost innovation in nanosatellites and microsatellites.

Key and innovative vendors in the nanosatellite and microsatellite market are GomSpace (Denmark), Lockheed Martin (US), L3Harris (US), Sierra Nevada Corporation (US), AAC Clyde Space (Scotland), Planet Labs (US), Surrey Satellite Technology (UK), Northrop Grumman (US), OHB SE (Germany), Tyvak (US), Raytheon Intelligence and Space (US), Pumpkin Space Systems (US), Beyond Gravity (Switzerland), Millennium Space Systems (US), Exolaunch (Germany), Axelspace (US), Nanoavionics (US), GAUSS (Italy), Spire Global (US), Dauria Space (Russia), C3S (Hungary), Swarm (US), Alen Space (Spain), Satlantis (Spain), Dhruva Space (India), Astrocast (Switzerland), Kepler Aerospace (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com


Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Arab Newswire on Benefits of Press Release Distribution to media in the Middle East and North Africa (MENA) Countries

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(EMAILWIRE.COM, March 15, 2024 ) DUBAI, UAE (ARAB NEWSWIRE) -- Arab Newswire™, the leading press release distribution service that focuses on the MENA region and the Arab world, explains disseminating news releases to media offers these ten strategic advantages:

1. Extensive Reach
MENA includes populous and economically diverse countries, providing access to a vast audience across different markets.

2. Brand Visibility
Press releases significantly enhance brand recognition and establish a presence in emerging and established markets within MENA.

3. Targeted Communication
With a variety of media outlets, newswires distribute press releases to reach specific industries, demographics, or geographic areas.

4. Digital Engagement
MENA's growing digital landscape allows for broader dissemination of press releases, leveraging online platforms and social media for wider impact.

5. Market Penetration
Effective press releases can aid in entering new markets or strengthening positions in existing ones, crucial for businesses expanding in MENA.

6. Investor Attraction
Sharing company news and achievements through press releases can attract potential investors interested in the dynamic MENA economies.

7. Crisis Management
In times of crisis, press releases offer a controlled medium to communicate with stakeholders and maintain trust.

8. SEO Benefits
Online press releases contribute to search engine optimization, improving a company's online discoverability in the MENA region.

9. Cost-Effective Promotion
Compared to other marketing strategies, press releases are a cost-effective way to promote products, services, and events.

10. Measurable Results
Press release distribution services provide some form of reporting or analytics to measure the reach and impact of your communication efforts.

By leveraging these benefits, organizations can effectively communicate their messages, build brand authority, and support their marketing objectives in the MENA region. To proceed with press release distribution, write to Arab Newswire™ through these messaging apps: WhatsApp, Skype:groupwebmedia or Telegram.

About Arab Newswire ™
Arab Newswire™ is a commercial newswire service with press release distribution to media outlets in GCC countries, the Arab world, Middle East, and North Africa (MENA). The newswire service publishes and distributes press releases in Arabic, English and French. Other services include writing and editing press releases, consulting, and media planning. Arab Newswire™ is a sister site to EmailWire™ that provides Press Release Distribution with Guaranteed Results™.

About GroupWeb Media LLC
GroupWeb Media is a Houston, Texas based company that specializes in news aggregation and dissemination. GroupWeb Media LLC operates regional and vertical portals that deliver news to targeted audiences.




Joseph Nchor
18327162363
editor@emailwire.com

Source: EmailWire.Com

Radiant Digital Solutions Unveils Cutting-Edge Office Space to Signify Continued Growth and Expansion

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(EMAILWIRE.COM, March 15, 2024 ) HYDERABAD, INDIA — (EMAILWIRE) -- Radiant Digital Solutions proudly announced the grand opening of its innovative office space on March 1st, further solidifying the company's commitment to fostering a vibrant work environment, collaboration, and growth. The inauguration ceremony showcased the culmination of extensive collective efforts in crafting a state-of-the-art workspace tailored to foster creativity, productivity, and teamwork.

Chief guest Mr. Santosh Bijur, Vice President, India Development Center and CEO of AT&T Communication Services India (ACSI), and Dr. Shankar Rachakonda, (CEO) Radiant Digital Solutions, along with the esteemed leadership team including Mr. P. Jitendra Kumar (CA), Mr. Balaram Dandu, Senior Vice President, Global Operations, Mr. Srinivas Punnamaraju, Senior Vice President, International Markets, and other associates participated in the ribbon-cutting ceremony.

Distinguished guests were treated to guided tours, offering a firsthand glimpse into the office's modern facilities, including cutting-edge technology infrastructure, ergonomic workstations, and versatile meeting areas conducive to both structured discussions and spontaneous brainstorming sessions. This was followed by a celebratory lunch.

Dr. Rachakonda stated, "The inauguration of Radiant Digital Solutions represents our unwavering dedication to excellence, growth, and delivering unparalleled value to our clients and stakeholders. With a shared vision and resolute determination, we eagerly anticipate leveraging our new office space as a hub for innovation, collaboration, and continued success.” He called on the employees to focus on the value we create daily with continuous learning and providing technologically innovative solutions to our clients.

Mr. Bijur congratulated the entire Radiant Digital Solutions team for opening a new office facility and expressed his happiness about the company’s growth. In his message to the team, Mr. Bijur stated, "Today marks more than the opening of an office; it's the beginning of a new chapter along with a testament to commitment, collaboration, and vision.” He also opined that technology workers have to continuously upgrade themselves, considering the constant change in the technology landscape. He further emphasized that the secret to success is continuous learning, connecting and building relations with colleagues and clients, and understanding customer requirements well to provide innovative solutions in a timely manner."

The grand inauguration of the new office facility was celebrated by all attendees not merely as the unveiling of physical space but as a testament to collective aspirations and a steadfast commitment to reaching new heights of excellence across all endeavors.

For further information about Radiant Digital, please visit www.radiant.digital or follow Radiant Digital on LinkedIn.

About Radiant Digital Solutions:
Radiant Digital Solutions is a leading provider of innovative digital solutions committed to delivering excellence in technology, creativity, and client satisfaction. With a focus on collaboration and continuous improvement, Radiant Digital empowers businesses to thrive in an ever-evolving digital landscape.

Josh Dupont
Marketing Manager
Radiant Digital
301-306-5102
www.radiant.digital




Josh Dupont
03013065102
info@radiant.digital

Source: EmailWire.Com

Corporate Lending Platform Market Size, Share, Growth, Trends and Forecast – 2030

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(EMAILWIRE.COM, March 19, 2024 ) According to a research report "Corporate Lending Platform Market by Offering (Solutions (Loan Origination, Loan Monitoring & Management) and Services), Deployment Mode, Organization Size, Lending Type, End User (Banks, Credit Unions, NBFCs) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market for corporate lending platforms is estimated to grow from USD 3.0 billion in 2024 to USD 11.0 billion in 2030, at a CAGR of 24.5% during the forecast period. The corporate lending platform market is poised for substantial growth fueled by the increasing adoption of digitalization and cloud-based solutions is expected to drive demand for efficient and accessible lending platforms among corporate borrowers. Digitalization is a key trend, with cloud-based platforms and mobile applications offering convenient access to borrowing solutions for corporate clients. With blockchain technology emerging as a potential disruptor for secure transaction processing, the corporate lending platform market presents vast opportunities for those able to leverage these trends to deliver innovative and tailored lending solutions.

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By offering the services segment to account for higher CAGR during the forecast period.

The services segment includes professional and managed services that assist financial institutions throughout their journey of implementing, optimizing, and maintaining lending platforms. Professional services encompass a range of offerings such as consulting, system integration, customization, and training, tailored to meet the specific needs of lenders. These services provide expertise and support to financial institutions in designing, deploying, and integrating lending platforms into their existing infrastructure, ensuring seamless implementation and alignment with business objectives. On the other hand, managed services offer ongoing support and maintenance, including platform monitoring, upgrades, security management, and user support, allowing lenders to focus on core business activities while leveraging the expertise of external service providers.

By Lending Type, Commercial Lending is expected to hold the largest market size for the year 2023.

The commercial lending sector within the corporate lending platform market encompasses a diverse range of financial services provided to businesses and corporations. This segment caters to enterprises seeking funding for various purposes, such as expansion, working capital, acquisitions, or real estate investments. Commercial lending platforms offer comprehensive solutions to streamline loan origination, underwriting, servicing, and management processes. Examples of leading solutions in this space include Finastra's Commercial Lending Solution and FIS Commercial Lending Suite. Finastra's offering provides robust support throughout the commercial loan lifecycle, incorporating built-in workflow and analytics tools for enhanced efficiency and decision-making.

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By End User, Non-Banking Financial Corporation (NBFC) is projected to grow at the highest CAGR during the forecast period.

Non-Banking Financial Corporations (NBFCs) play a crucial role in the corporate lending platforms market by providing alternative financing solutions to businesses. They complement traditional banks by offering more flexible terms, quicker approvals, and catering to underserved segments. NBFCs leverage technology to streamline processes, assess creditworthiness efficiently, and offer competitive lending rates. For instance, companies like FlexiLoans and Newgen Software provide specialized solutions tailored to the needs of NBFCs, enabling them to enhance their operational efficiency and expand their reach.

Middle East & Africa is expected to grow at the second-highest CAGR during the forecast period.

The corporate lending platform market in the Middle East & Africa region is witnessing substantial growth and innovation, propelled by the evolving financial environment, increasing digital connectivity, and rising demand for modern financial services. With diverse economies and unique challenges, countries in this region are embracing fintech solutions to promote financial inclusion, improve efficiency, and stimulate economic development. Digital transformation plays a crucial role in driving the corporate lending platform market in the MEA region. Governments and financial institutions prioritize financial inclusion, leveraging fintech solutions to reach unbanked and underbanked populations. Mobile money services, exemplified by M-Pesa in Kenya, are transforming financial services by enabling individuals to conduct transactions, access credit, and manage savings via mobile phones, empowering previously excluded individuals and businesses. Mobile payments and digital wallets are gaining momentum in the region, revolutionizing transaction methods and business practices. Fintech startups offer convenient and secure mobile payment solutions, facilitating purchases, fund transfers, and bill payments through smartphones.

The major corporate lending platform solution and service providers include FIS (US), Fiserv (US), Oracle (US), ICE Mortgage Technology (US), TCS (India), Finastra (UK), Newgen Software (India), Nucleus Software (India), Intellect Design Arena (India), Wipro (India), Comarch (Poland), JurisTech (Malaysia), Servosys solutions (India), Sigma Infosolutions (US), HES FinTech (India), Temenos (Switzerland), Nelito (India), Tavant (US), Tietoevry (Finland), Moody’s Analytics (US), AllCloud (India), Relational FS (Greece), Origence (US), RupeePower (India), Decimal Technologies (India), LenderKit (Estonia), Biz2x (US), FUNDINGO (US), Novac Technology Solutions (India) and Banxware (Germany). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the corporate lending platform market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com



Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Open Banking Solutions Market Size, Trends Report and Forecast to 2028

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(EMAILWIRE.COM, March 19, 2024 ) The Open Banking Solutions Market size is expected to grow from USD 5.5 billion in 2023 to USD 11.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 16.0% during the forecast period, according to new research report by MarketsandMarkets™

Stringent regulations like PSD2 and CMA Order drive adoption of the market, innovations in APIs, data analytics, and cybersecurity, and Fintech companies offering agile solutions that disrupt traditional banking models are a few fundamental driving forces to leverage Open Banking solutions adoption across verticals and regions.

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The managed services segment will record a higher CAGR by services during the forecast period.

Managed services play a vital role in the open banking solutions market by offering comprehensive support throughout the lifecycle of available banking platforms. Support and maintenance services ensure systems' continuous functionality and reliability, addressing technical issues and facilitating software updates. Concurrently, performance monitoring and optimization services track system performance, identify bottlenecks and optimize operational efficiency, enabling organizations to deliver seamless and responsive user experiences. Additionally, managed services assist in vendor selection and procurement, aiding organizations in choosing suitable technology partners and negotiating contracts. This involves evaluating vendors based on their capabilities, security protocols, and compliance with regulatory requirements. By leveraging managed services in open banking, businesses can streamline operations, enhance system performance, and make informed decisions in vendor selection, ultimately ensuring their open banking initiatives' sustained success and resilience.

Based on the Application segment, Payment holds the largest Open Banking solutions market share during the forecast period.

Payment services are a cornerstone of open banking solutions, revolutionizing transactions and enhancing the overall customer experience. By leveraging open banking APIs, third-party providers (TPPs) gain secure access to customer accounts, enabling seamless payment initiation directly from bank accounts. This facilitates a wide range of payment options, including peer-to-peer transfers, bill payments, and online shopping, all executed with unprecedented speed and convenience. Furthermore, open banking fosters competition and innovation in the payment space as TPPs develop new and innovative payment solutions that cater to specific consumer needs and preferences. With real-time access to account data and enhanced security measures, open banking payment services offer consumers greater control, transparency, and confidence in their financial transactions. As a result, payment solutions within the open banking ecosystem drive efficiency, convenience, and trust, ultimately reshaping how individuals and businesses interact and transact in the digital economy.

By region, the Middle East & Africa region recorded the highest CAGR during the forecast period.

The Middle Eastern countries are rapidly adopting technological advancements and investing in knowledge-based economies. Saudi Arabia and the UAE are leading the way in adopting API management, leading to their development dominance. As Middle Eastern organizations focus on generating revenue and outsourcing to third-party managed service providers, adopting Open Banking solutions is accelerating in the region to reduce costs and save time.

The Middle East & Africa (MEA) region, the open banking solutions market is gradually emerging as a transformative force in the financial industry. While the adoption of open banking is still in its early stages compared to other regions, there is growing momentum driven by regulatory initiatives, technological advancements, and changing consumer behaviors. Regulatory bodies in several MEA countries are exploring frameworks to promote open banking to increase competition, improve financial transparency, and enhance customer choice. Fintech startups and traditional banks are beginning to collaborate to leverage open banking APIs and develop innovative financial products and services. Key focus areas include digital payments, peer-to-peer lending platforms, personal finance management tools, and digital identity solutions. As awareness and understanding of open banking grow in the MEA region, it is expected to catalyze further innovation, drive financial inclusion, and transform how people access and manage their finances.

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Key Market Players
Some of the key players operating in the Open Banking solutions market are Plaid (US), Envestnet (US), Tink (Sweden), Finicity (US), Trustly (Sweden), MX Technologies (US), Worldline (France), Volt.io (UK), Temenos (UK), among others.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.



Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Cloud Computing Market Size, Share & Trends | Growth Drivers & Opportunities

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0
(EMAILWIRE.COM, March 19, 2024 ) According to a research report "Cloud Computing Market by Service Model (IaaS, PaaS, SaaS), Deployment Model(Public Cloud, Private Cloud, Hybrid Cloud), Organization Size, Vertical (BFSI, Telecommunications, Manufacturing, Retail & Consumer Goods) and Region - Global Forecast to 2028" published by MarketsandMarkets, the global cloud computing market size is expected to grow from USD 626.4 billion in 2023 to USD 1,266.4 billion by 2028 at a CAGR of 15.1% during the forecast period. Cloud providers can achieve economies of scale by pooling computing resources and distributing costs across many users; this allows organizations to access computing power and storage without significant upfront investments in infrastructure.

Browse 344 market data Tables and 62 Figures spread through 346 Pages and in-depth TOC on "Cloud Computing Market - Global Forecast to 2028"

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234


The cloud computing market is expanding, and vendors are adopting a strategic focus to attract customers. Cloud services can be accessed from anywhere with an internet connection, promoting remote work and collaboration. This accessibility enhances productivity and facilitates global business operations. Cloud providers typically have multiple data centers across different geographic locations. This redundancy enhances reliability, ensuring services remain available during hardware failures or disasters. These services are increasing the demand for the cloud computing market.

The SaaS segment holds the largest market size during the forecast period.

Salesforce, Microsoft, Adobe, Google, and IBM are some of the leading companies in the SaaS market. Although the SaaS market has reached a level of maturity and its growth rate is not as rapid as that of IaaS and PaaS, the SaaS market is significantly more extensive and is anticipated to maintain this position until 2023. MnM predicts substantial growth across all SaaS segments and geographic regions. Many businesses were increasingly adopting SaaS solutions, ranging from customer relationship management (CRM) and enterprise resource planning (ERP) to communication and collaboration tools. AI and machine learning are increasingly integrated into SaaS applications to provide advanced analytics, automation, and predictive capabilities. This trend aims to enhance the functionality and intelligence of cloud-based solutions.

Retail & Consumer Goods vertical to record the highest CAGR during the forecast period.

The retail & consumer goods vertical has become one of the most dynamic and fast-paced sectors in adopting cutting-edge technologies. Leading companies in this space include Walmart, Ocado, Tesco, Shapeways, Zara, and Richline Group. In recent years, cloud computing has emerged as a game-changing technology that significantly benefits the industry. For instance, beacons installed in retail stores for facial recognition generate a vast amount of data, which can be processed and analyzed closer to the source using cloud computing rather than sending it to centralized storage, which could be costly and time-consuming; this helps companies identify new revenue sources quickly. The adoption of cloud computing is due to factors such as the rising purchasing power of customers, the need to meet their expectations, and the retention and acquisition of new customers. Online retailing and cloud technologies have disrupted the retail and consumer goods industry, leading to the adoption of cloud computing mainly for storage, backup, and security services.

Cloud computing can significantly help enhance stores’ brand value and lifespan by identifying out-of-stock situations and pricing issues. Retailers and consumer goods companies are also using edge computing to leverage new technologies like IoT and AI for gathering insights into consumer purchase preferences and patterns, thereby improving their business’s overall efficiency. For example, Walmart uses edge computing to leverage IoT data generated from sensors at the store level and backhaul it to Microsoft Azure Cloud for a unified view of customers across the US.

Our analysis shows North America holds the largest market size during the forecast period.

North America is estimated to account for the largest market share in the global cloud computing market in 2023, and this trend will continue during the forecast period. Due to several factors, including numerous businesses with advanced IT infrastructure and the accessibility of technical skills, North America is the market with the most established cloud computing adoption. Factors, such as organizations shifting toward cloud services and the increasing adoption of digital business strategies, are expected to drive the adoption of cloud computing offerings in North America. The region will encourage market growth as large enterprises and SMEs focus on developing innovative cloud computing integrated with technological advancements, such as IoT and predictive maintenance. North America also witnessed the early adoption of cloud and mobility technologies and has an advanced IT infrastructure, which reduces operational expenditure through various technological advancements across verticals. North America is the most significant contributor in terms of revenue compared to the other regions. The cloud computing market in North America will grow steadily during the forecast period as enterprises adopt advanced application development technologies at various levels as a part of their strategy to sustain themselves in the competitive market.

Market Players

The prominent players across all service types profiled in the cloud computing market’s study include AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), Joyent (US), Skytap (US), OVH (France), Navisite (US), CenturyLink (US), Infor (US), Sage (UK), Intuit (US), OpenText (Canada), Cisco (US), Box (US), Zoho (US), Citrix (US), Epicor (US), Upland Software (US), ServiceNow (US), IFS (Sweden), App Maisters (US), Zymr (US), JDV Technologies (India), Tudip Technologies (India), Visartech (US), Cloudflex (Nigeria), Cloudways (Malta), Vultr (US), and pCloud (Switzerland).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com


Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Data Labeling Software Market is projected to reach the value of USD $11.72 billion by 2030

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(EMAILWIRE.COM, March 20, 2024 ) According to the latest analysis by Virtue Market Research, the Data Labeling Software Market was valued at USD $2.57 billion in 2023 and is projected to reach a market size of USD $11.72 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 24.2%.

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In the realm of technology, the Data Labeling Software Market plays a crucial role in facilitating the development of artificial intelligence (AI) and machine learning (ML) models. With over a decade of experience and authoring 200 highly viewed articles, it's important to explore the dynamics of this burgeoning market.

A long-term market driver for data labeling software is the increasing adoption of AI and ML technologies across various industries. As organizations leverage AI and ML algorithms to extract insights from vast amounts of data, the demand for high-quality labeled data to train these models continues to grow. However, the COVID-19 pandemic has impacted the market by accelerating the shift towards remote work and digital transformation. This has led to an increased reliance on data labeling software to annotate and preprocess data remotely, ensuring continuity in AI and ML projects despite physical distancing measures and lockdown restrictions.

In the short term, a significant market driver is the rising demand for specialized data labeling solutions tailored to specific industries and use cases. As AI and ML applications diversify across sectors such as healthcare, automotive, finance, and retail, there is a need for data labeling software that can accommodate industry-specific requirements and regulatory standards. An opportunity in the market lies in the development of domain-specific data labeling tools equipped with industry-specific labeling templates, annotation tools, and quality control mechanisms. This allows companies to address niche markets and cater to the unique needs of different industries, thereby expanding their customer base and revenue opportunities.

A trend observed in the Data Labeling Software Market is the integration of advanced technologies such as computer vision, natural language processing (NLP), and automation capabilities. This trend involves the incorporation of AI-powered algorithms and machine learning techniques into data labeling software to streamline the annotation process, improve labeling accuracy, and reduce manual effort. Recent developments include the adoption of semi-supervised learning and active learning techniques to optimize labeling workflows and minimize human involvement. Additionally, the deployment of AI-driven automation tools enables companies to scale their data labeling operations efficiently and handle large volumes of data with speed and precision.

Read More @ https://virtuemarketresearch.com/report/data-labeling-software-market

Market Segmentation:
By Method:
• Crowdsourcing
• Internal Labeling
• Outsourcing
• Synthetic Labeling
• Programmatic Labeling
In the Data Labeling Software Market, the largest segment by method is Internal Labeling, favored for its control and confidentiality in data annotation processes. Conversely, the fastest-growing method segment is Crowdsourcing, driven by its scalability and cost-effectiveness in handling large volumes of data labeling tasks.

By Application:
• Computer Vision
• Natural Language Processing (NLP)
• Image and Speech Recognition
• Others
Among applications, the largest segment is Computer Vision, reflecting the widespread adoption of AI-driven image analysis and recognition technologies across industries. On the other hand, the fastest-growing application segment is Natural Language Processing (NLP), propelled by advancements in language understanding and text analysis capabilities.

By Deployment Mode:
• Cloud-Based
• On-Premises
In terms of deployment mode, the largest segment is Cloud-Based, chosen for its flexibility, scalability, and accessibility over the internet. Conversely, the fastest-growing deployment mode segment is On-Premises, driven by the need for data security and regulatory compliance in industries with stringent data privacy requirements.

By Organization Size:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Among organization sizes, the largest segment is Large Enterprises, equipped with resources and infrastructure to invest in advanced data labeling solutions. On the contrary, the fastest-growing organization size segment is Small and Medium-sized Enterprises (SMEs), fueled by the increasing adoption of AI and ML technologies among smaller businesses seeking to leverage data-driven insights for growth and innovation.

By Industry Vertical:
• Banking
• Financial Services
• Insurance (BFSI)
• IT and Telecommunications
• Retail and Digital Services
• Automotive
• Education
• Healthcare
• Others
In the industry verticals, the largest segment is IT and Telecommunications, characterized by its reliance on data-intensive applications and digital services. Conversely, the fastest-growing industry vertical segment is Healthcare, driven by the growing demand for AI-powered medical imaging and diagnostic tools, as well as the need for accurate data labeling in healthcare analytics and patient care applications.

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Regional Analysis:
In the Data Labeling Software Market, the largest region is North America, driven by its strong technological infrastructure, widespread adoption of AI and ML technologies, and presence of leading tech companies and research institutions. Conversely, the fastest-growing region is Asia Pacific, propelled by factors such as rapid digitalization, increasing investments in AI and ML, and rising demand for data labeling solutions in emerging economies like China, India, and Southeast Asian countries.

Latest Industry Developments:
• Companies are investing in automation technologies to streamline and accelerate the data labeling process. This trend involves the integration of AI and machine learning algorithms into data labeling software to automate repetitive tasks and improve efficiency. Recent developments include the deployment of AI-driven labeling tools capable of recognizing patterns and semantics in data, reducing the need for manual intervention and speeding up the annotation process. Collaborations with AI research labs and technology partners facilitate the development of advanced automation solutions, enabling companies to enhance their competitiveness and capture market share.

• Recognizing the growing demand for flexible and scalable data labeling solutions, companies are expanding their offerings to include cloud-based platforms. This trend involves the development of cloud-native data labeling software that allows users to access and annotate data remotely from any location. Recent collaborations with cloud service providers enable companies to leverage cloud infrastructure and resources, ensuring high availability, scalability, and security of data labeling operations. By offering scalable cloud solutions, companies can cater to the needs of businesses of all sizes and industries, thereby expanding their market reach and driving growth.

• With the increasing adoption of AI and ML technologies across various industries, companies are focusing on providing industry-specific data labeling solutions tailored to the unique requirements of different sectors. This trend involves the development of specialized labeling tools and workflows designed for specific applications such as healthcare, automotive, finance, and retail. Recent collaborations with industry experts and domain specialists enable companies to gain insights into industry-specific labeling needs and regulatory requirements, allowing them to develop targeted solutions that address market demands. By offering industry-specific solutions, companies can differentiate themselves in the market and attract customers seeking tailored data labeling solutions for their businesses.

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Insights into the On-Orbit Satellite Servicing Market's 11.5% CAGR and $5.1 Billion Forecast

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(EMAILWIRE.COM, March 20, 2024 ) The Global On-orbit Satellite Servicing Market is witnessing significant growth, driven by the increasing demand for satellite refueling and maintenance services. With aging satellite constellations and the proliferation of small satellites, the need for efficient on-orbit servicing solutions has never been more pressing. According to the latest report by MarketsandMarkets™, titled "On-Orbit Satellite Servicing Market," the market is projected to reach USD 5.1 billion by 2030, growing at a CAGR of 11.5% from 2023 to 2030.

Key Findings:

The report provides insights into various segments of the on-orbit satellite servicing market, including services, end-users, orbits, types, and regions. Key findings include:

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Service Segment Analysis: The Active Debris Removal (ADR) and Orbit Adjustment segment are expected to exhibit the highest growth rate during the forecast period. ADR technologies play a crucial role in mitigating the risks associated with space debris and ensuring the safety and sustainability of space operations.

Orbit Segment Analysis: The Geostationary Orbit (GEO) segment is projected to lead the market, driven by the growing demand for repairs and maintenance services for satellites in GEO. On-orbit servicing in GEO offers enhanced flexibility and resilience to satellite operators, contributing to the long-term sustainability of space operations.

Regional Analysis: North America is expected to dominate the on-orbit satellite servicing market, with Canada emerging as a key market player. Companies such as MDA Space Ltd. and Canadensis Aerospace are spearheading the development of advanced robotic servicing technologies. The region's increasing reliance on small satellites and constellations further fuels the demand for on-orbit servicing solutions.

Implications and Future Outlook:

The increasing integration of satellite communication and data services across various industries, coupled with advancements in on-orbit servicing technologies, is expected to drive market growth in the coming years.

Major Key Market Players:

Major players such as Maxar Technologies, Astroscale Holdings Inc., and Airbus SE are actively investing in R&D to develop innovative servicing solutions. Moreover, collaborations between government agencies and private entities are likely to accelerate market expansion and foster technological innovation.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.


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Big Data Security Market Size, Latest Trend, Growth, Application & Forecast 2030

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(EMAILWIRE.COM, March 20, 2024 ) The global Big Data Security Market size is projected to grow from USD 17.5 billion in 2020 to USD 35.3 billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 12.4% from 2020 to 2026, according to report published by MarketsandMarkets. The market’s growth can be attributed to the increasing awareness and rising investments in big data security solutions across global organizations operating across verticals.

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Based on software, the data encryption, tokenization, and masking segment are estimated to lead the market in 2020.

Data encryption is a security method where information is encoded and can only be accessed or decrypted by users with the correct encryption key. Encrypted data, also known as ciphertext, appears scrambled or unreadable to persons or entities accessing without permission. Tokenization is the process of turning sensitive data into non-sensitive data called ‘tokens’ that can be used in a database or internal system without bringing it into scope. Data masking is a data security technique where a dataset is copied, but sensitive data is obfuscated. This copy is then used instead of the authentic data for testing or training purposes. By masking data, organizations can expose the data needed to test teams or database administrators without compromising it or getting out of compliance. The primary benefit is reduced security risks.

Based on Vertical, IT & ITES is estimated to lead the market in 2020.

The IT and ITES vertical is growing at an unprecedented rate in North America, Europe, and APAC. However, it is one of the major targets for cyberattacks as IT and ITES companies are dealing with storage and transfer of large volumes of critical business data and the employee data, such as names, addresses, and financial transactions. The rise in penetration of cloud computing, IoT devices, BYOD, and mobile and web applications has widened the surface of cyberattacks in the IT and ITES vertical.

North America is expected to hold the largest market share during the forecast period.

Most of the security vendors are based in North America, which makes the region to be among the early adopter of new and advanced security technologies. As a result, North America is expected to dominate the big data security market during the forecast period. Moreover, increase in the sophisticated cyber-attacks is anticipated to drive the implementation of big data security in several verticals such as banking, finance, government, and healthcare sectors. With the widespread use of digital payments, cloud based applications, IoT, security ecosystem has become more complex. Besides, various SMBs are welcoming disruptive work culture through services such as BYOD and work-from-home, exposing the enterprise data prone to number of cyber-attacks.

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Market Players

Major vendors, namely, include IBM (US), Oracle (US), Microsoft (US), Google (US), Amazon Web Services (US), Hewlett Packard Enterprise (US), Talend (US), Micro Focus (UK), Check Point (Israel), FireEye (US), Rapid7 (US), Thales (France), and Informatica (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

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AdTech Market - Global Growth Drivers & Opportunities Size & Forecast

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(EMAILWIRE.COM, March 20, 2024 ) According to a research report "AdTech Market by Offering (Solutions and Services), Advertising Type (Programmatic, Native Advertising), Advertising Media (Television, Digital Advertising), Vertical (Media & Entertainment, Retail & eCommerce, BFSI and Region - Global Forecast to 2030" published by MarketsandMarkets, the AdTech market is projected to grow from USD 579.4 billion in 2023 to USD 1,496.2 billion by 2030, at a compound annual growth rate (CAGR) of 14.5% during the forecast period. The AdTech market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing demand for data-informed marketing strategies, the growing popularity of audio streaming and podcasts for audio advertising is also responsible for driving the market’s growth.

Browse 276 market data Tables and 60 Figures spread through 301 Pages and in-depth TOC on "AdTech Market - Global Forecast to 2030"

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By services, managed services to register for the highest CAGR during the forecast period

The services segment of the AdTech market is growing rapidly. The managed services are vital in properly functioning AdTech solutions. These services are designed to help businesses efficiently navigate the complexities of digital advertising, offering various solutions from campaign management to data analytics. A key driving factor behind the increasing demand for managed services is the intensifying competition in the digital advertising landscape. As AdTech becomes more intricate, companies seek external expertise to optimize their ad campaigns, reach their target audiences, and maximize return on investment.

By solution, Data Management Platform (DMP) to register for the highest market size during the forecast period

By solutions, the DMP segment is expected to register the highest growth rate during the forecast period. Advancements in advertising technologies include the development of cross-device targeting capabilities. DMPs can now track users across multiple devices, such as smartphones, tablets, and laptops. This allows advertisers to deliver more consistent and relevant ad experiences across all devices. Several factors, including the increasing demand for targeted advertising, the growth of digital advertising, and the increasing availability of data, drive the growth of the DMP market.

By region, Asia Pacific accounted for the highest growth rate during the forecast period

Asia Pacific is witnessing significant technological innovation in the AdTech market. Its expansion is primarily attributed to several driving forces, including the robust growth of the digital landscape, the increasing prevalence of internet access, and the widespread adoption of smartphones. Countries such as China, India, and Indonesia have emerged as pivotal destinations for advertisers seeking to connect with a vast and diverse audience. Furthermore, the Asia Pacific region is currently experiencing a surge in programmatic advertising, bolstered by the integration of AI and machine learning technologies, which enable advertisers to achieve more precise targeting and real-time campaign optimization.

Some major players in the AdTech market include Meta (US), Google (US), Amazon (US), Adobe (US), Yahoo (US), Zeta (US), Microsoft (US), Celtra (US), Basis Technologies (US), Luna (US), NextRoll (US), Quantcast (US), Criteo (France), Affle (India), InMobi (India), Demandbase (US), The Trade Desk (US), Adform (Denmark), Equativ (France), Tremor International (Israel), Innovid (US), Mediaocean (US), DoubleVerify (US), Magnite (US), Copy.ai (US), Nickelytics (US), C Wire (Switzerland), Cavai (Norway), Titan Digital (US), Glimpse Protocol (UK), StackAdapt (Canada), Cosmose AI (Singapore), Vidsy (UK), and Linkby (Australia).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com


Mr. Aashish Mehra
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raviraj.tak@marketsandmarkets.com

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