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Cooking Oil Market Revenue, Overview and Forecast 2022-2030
The global cooking oil market is growing at a very fast pace due to rising living standards of people, encouraging them to buy best quality products for their diet. People across the globe are opting for healthy oils such as vegetable oil, olive oil, pam oil, avocado oil, and others according to current trends in the market. Moreover, growing trends of cooking oils that have low cholesterol properties and can improve heart condition are expected to boost the growth of the market globally. Therefore, increasing health consciousness and living standards are anticipated to be major growth accelerating factors of the cooking oil, thereby positively affecting the market growth. Cooking oils such as rapeseed oil and over frying oil contain higher level of toxic fatty acids, therefore their high consumption is very harmful to the human body. Also, cooking oils such as soyabean oil can affect digestive system if consumed in high quantity. Therefore, such factors may create a negative impact on the growth of the market during the forecast period.
Some of the major key players in the cooking oil market are: Archer Daniels, Midland Company, Sime Darby Plantation, Bunge Limited, Olam International Limited, Kaneka Corporation, Cargill, George Weston Foods Limited, Louis Dreyfus Company, Nutiva and SIFCA SA.
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The Cooking Oil Market size was valued at USD 172.50 billion in 2021 and is predicted to reach USD 263.05 billion by 2030 with a CAGR of 4.8% from 2022-2030.
The increase in number of people eating at home led to an increase in cooking oil consumption per capita, owing to the initial stockpiling and panic purchasing there is storage and the shift from foodservice to retail. It is one of the first categories that is limited to each customer in large retail chains. According to Chinese National Bureau of Statistics, in 2020, the food products retail sales of China had grown by 9.7% and the oil section was a part of this surge. In addition, the price of oil has risen sharply amid the pandemic. According to Department of Consumer Affairs of India, the price of groundnut, soya, sunflower, palm, and mustard oils have risen 20% to 56% in 2020. The prices soared in the U.S., Brazil, and other international markets as well due to export duties, labor issues, and poor rapeseed and sunflower seed harvests in Europe and the Black Sea region. Furthermore, COVID-19 and the resulting lockdown of countries in the region led to a shift toward consumer purchases of packaged food products for home consumption, which further drives the sales of cooking for food processing.
North America is likely to exhibit significant growth opportunities for the cooking oil market due to rise in demand for various processed ready-to-serve foods coupled with rising per capita consumption of edible oils. The market is driven by technologically advanced processes used by leading players in production and high per capita income. For instance, Cargill Inc. has reduced the use of 930,000 pounds of plastic in packaging annually due to investment in new technology for vegetable oil container to modernize existing equipment and improve the processes of its crushing and refining facilities. Public health authorities have made significant efforts to promote the consumption of low calorie, cholesterol-free oils, as their naturally low saturated fatty acids that help in reducing cardiovascular disease, improve digestion, and metabolism. Well-educated customers use products which are healthy, natural, and nutritious, which is expected to drive the market.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Over The Top Market Demand, Opportunities and Forecast to 2030
Over the top (OTT) is a film and television content platform provided via a high-speed internet connection instead of a cable or satellite provider-based platform. OTT adoption has significantly aided the video, music, podcast, and audio streaming category. Increasing adoption can be attributed to narrow genre choices, packaging flexibility, wider device availability, internet penetration, and lower costs. Furthermore, the rising demand for customized content led to significant adoption rates of OTT devices. Further, players offering OTT platform services are no longer interested in being viewed as platforms just for accessing movies and TV shows but are also investing in the production and licensing of their content. Such a scenario has resulted in direct competition with traditional TV and the OTT industry. The competition is further heightened with the deployment of advanced technologies within the platforms.
The global Over The Top (OTT) Market size was valued at USD 132.23 billion in 2019 and is predicted to reach USD 709.44 billion by 2030 with a CAGR of 16.5% from 2020-2030.
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The Global Over-the-Top/OTT Market is growing due to factors such as an increase in demand for OTT services in developing regions, an increase in SVoD services, the availability of a wide range of content, a surge in demand for live streaming channels, an increase in demand for OTT services and gaming during the COVID-19 lockdown period, and the availability of freemium models in price-sensitive markets. The demand for new OTT entertainment material has increased significantly, and a growing number of OTT service providers are making some of the existing content available for free and launching new content on their platform. To meet the ever-increasing demand of consumers, platforms like Zee5 and Amazon Prime Video have given a handful of their episodes free to watch as part of their #BeCalmBeEntertained initiative. Furthermore, the Zee5 platform, an Indian OTT service provider, has seen a nearly 80% spike in memberships and a more than 50% increase in time spent recently. Furthermore, Amazon Prime Video has made some of its children's entertainment is available.
Asia Pacific is expected to achieve exponential growth throughout the forecast period. According to Capgemini's OTT Study Report, the region outnumbers the United States in terms of subscribers. The market's growth will most likely be driven by the mature utility and broadcaster industry. Due to the rapidly cannibalised pay-tv segment, China is likely to dominate the region. Asian countries such as India are prepared to witness the phenomenal rise of platforms, which is expected to provide enormous potential for the region's market to expand.
Some of the major key players in the over the top (OTT) market: Amazon Web Services (AWS), Apple Inc., Microsoft Corporation, Hulu, LLC, Telestra, Tencent Holdings Ltd., Netflix, Facebook, Google LLC and Rakuten Inc. among others.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Waste Management Market Future Outlook 2022-2030
The global waste management market is driven by proactive government measures to reduce illegal dumping. Moreover, increase in adoption of WTE incineration and recycling techniques is expected to promote the waste management market growth. The Environmental Protection Agency (EPA) introduced the Resource Conservation and Recovery Act (RCRA) with an aim to reduce open dumping and manage hazardous and nonhazardous waste. In addition, surge in population and increase in globalization has led to an increase in the overall waste volume, worldwide. Urban population produced about 1.3 billion tons of municipal solid waste (MSW) in 2012, which is expected to grow to 2.2 billion tones by 2025. Moreover, increase in industrialization in emerging economies, such as India, China, and Taiwan has led to development of chemical, oil & gas, automobile, and medical industries, which generates enormous amount of waste and causes pollution. Moreover, Increase in environmental awareness regarding renewable waste management systems among people and rise in CO2 emissions, globally, are expected to generate growth opportunities for waste management systems market. These factors are expected to significantly contribute toward growth of the global waste management market.
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The global Waste Management Market size was valued to USD 421.6 billion in 2021, and is predicted to reach USD 667.5 billion by 2030, witnessing a CAGR of 5.1% from 2022-2030.
The waste management process involves the collection, transportation, and management of waste products or garbage. Waste management deals with waste segregation by reducing, reusing, and recycling municipal, industrial, and hazardous waste. Rising disposable income of consumers, rapid adoption of technology, and globalization have led to frequently buying and replacing electronic products in developing countries, which in turn, generates e-waste. Poor waste management contributes to adverse impact on the entire ecosystem. Hence, the World Bank is financing the waste management projects by addressing issues related to the collection, transportation, treatment, and disposal of garbage produced in industries and households. It is providing funds for the Middle East & Africa to build or upgrade waste sorting and treatment facilities, close dumps, construct or refurbish landfills, and provide bins, dumpsters, trucks, and transfer stations.
Some of the major key players in the waste management market: BIFFA GROUP, CLEAN HARBORS, INC., COVANTA HOLDING CORPORATION, HITACHI ZOSEN CORPORATION, WASTE MANAGEMENT INC., VEOLIA ENVIRONMENT S.A., SUEZ ENVIRONMENT S.A, REMONDIS AG & CO. KG, REPUBLIC SERVICES, INC. and WASTE CONNECTIONS, INC. among others.
Key Developments in Global Waste Management Market:
On February 17, 2022, Veolia became one of the first synthetic E-Fuel production units in Europe and was implemented at LIPOR’s Energy Recovery Plant, near Porto. Its innovative technology configuration and design are set to revolutionize the waste-to-energy industry, while simultaneously decarbonizing the aviation sector.
In July 2021, Stericycle and UPS Healthcare entered into a partnership to manage the reverse logistics of medical waste. The partnership is expected to result in the transportation, treatment, and disposal of various types of medical waste including bio-hazardous, sharps, and pharmaceutical wastes.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
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Travel Insurance Market Opportunities and Forecast to 2030
Travel Insurance is a specialized form of insurance intended to cover financial default, medical expenses, and a variety of other sources of financial loss that can be incurred while traveling domestically or internationally. Travel Insurance can be arranged at the time a trip is booked (such as through a travel agency, cruise line operators, or other travel suppliers), which lasts for the duration of a trip, or a longer term, more expansive coverage can be obtained directly from a Travel Insurance company, which can cover Business Travel, Student Travel, Cruises, Leisure Travel, Adventure Travel, and International Travel at various levels.
The Global Travel Insurance Market size was valued at USD 14.29 billion in 2021 and is predicted to reach USD 108.82 billion by 2030 with a CAGR of 25.6% from 2022-2030.
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Travel Insurance is a specialized form of insurance intended to cover financial default, medical expenses, and a variety of other sources of financial loss that can be incurred while traveling domestically or internationally. Travel Insurance can be arranged at the time a trip is booked (such as through a travel agency, cruise line operators, or other travel suppliers), which lasts for the duration of a trip, or a longer term, more expansive coverage can be obtained directly from a Travel Insurance company, which can cover Business Travel, Student Travel, Cruises, Leisure Travel, Adventure Travel, and International Travel at various levels.
Some of the major key players in the travel insurance market are: Allianz Group, Zurich Insurance Group, American Express Company, American International Group, Inc., Axa SA, Berkshire Hathaway Specialty Insurance, Seven Corners, Inc., USI Insurance Services, Travel Insured International, Inc. and Genarali Group among others.
The substantial growth in the travel and tourism industry in recent years, on account of inflating disposable incomes, rising business travels and the easy availability of online travel bookings and discounted package holidays represents one of the major factors bolstering the global travel insurance market growth. Moreover, governments of numerous countries have made it mandatory to attach travel insurance documents while applying for a visa, which is also contributing to the market growth. Apart from this, leading players are incorporating digital tools, such as application program interface (API), artificial intelligence (AI), data analytics and global positioning system (GPS), for improving distribution systems and providing personalized user experience.
Key Benefits for Stakeholders:
The study provides an in-depth analysis of the global travel insurance market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global travel insurance trend is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
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Aluminum Market 2022 | Size, Growth, Demand, Opportunities and Forecast 2030
Some of the major key players in the aluminum market are: Rio Tinto Alcan Inc., United Company RUSAL Plc., Alcoa Corporation, China Hongqiao Group Ltd., China Power Investment Corp., Xinfa Group Co., Ltd., East Hope Group Company Limited, Emirates Global Aluminum PJSC, Norsk Hydro ASA and Aluminium Corporation of China Limited among others.
Aluminium is used particularly in the packaging industry, but has also been favoured in vehicle construction for some years now, due to its low density. By combining it with magnesium, silicon and other metals, an alloy can be manufactured from aluminium with a strength similar to that of steel. The metal is also used in aircraft construction and in space technology. Because of its electrical conductivity aluminium is also used as a conductor material in power lines. Thanks to its properties the light metal is superior to copper here, which would have a greater mass with the same conductivity. Because of its heat conducting properties, aluminium is also required to manufacture heat exchangers (coolers) and cooling fins. aluminium is required in every industrial sector. Its specific qualities make it indispensable in many areas of application, such as the transport and construction industry, mechanical engineering or the packaging industry. Aluminium is not only very light but also very strong. It hardly corrodes and can also be recycled very easily.
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The global Aluminum Market size valued to USD 151.99 billion in 2019, is predicted to reach USD 205.72 billion by 2030, with a CAGR of 2.70% from 2020-2030.
Aluminum in a wide range of manufacturing processes. Some of these industries include automotive, electrical and electronics, building and construction, and aerospace. Aluminum is a strong and durable metal with a high tensile point. It’s also flexible and lightweight. Unlike as is the case with other metals aluminum won’t rust or corrode easily. The global aluminum industry is very competitive. It’s also highly fragmented. The large concentration of companies of all sizes is attributing to this. Companies are finding that they can stay competitive if they invest heavily in research and development. This will allow them to develop and market newer and better aluminum products. Incidentally, they can justify charging more for these products if they market them well. Companies are also finding that merging with and acquiring other successful companies is highly beneficial because it allows the resulting companies to tap into resources that they never had before. The same applies to knowledge. The resulting companies find that they have no trouble entering new markets. They are also able to do a much better job of solidifying their positions in existing markets.
The Asia-Pacific region had the largest regional market share in 2018. It’s expected to have this edge for the entire time period that this report covers. China alone consumed 57% of the aluminum that the entire Asia-Pacific region used in 2018. The nation is expected to record an impressive CAGR of 7% in terms of aluminum consumption. There are many factors that are accounting for this. They are rapid and vast industrialization, rapid and vast urbanization, increased investment and activity in the construction of buildings and infrastructure, and expansion in the automotive industry. India itself is seeing respectable growth in terms of year-on-year aluminum consumption. What is accounting for this is an increase in automobile production and construction. The demand for cars is going up dramatically in the European Union. In fact, it collectively has the second-highest aluminum market share. Many European nations are recovering economically. Their citizens are wanting to buy more automobiles as this happens.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Waste Management Market Size, Status, Global Outlook 2022-2030
Waste segregation refers to the separation of dry and wet garbage, which paves the way for other processes in waste management, such as composting, recycling, and incineration. The goal is to reduce waste from landfills and, eventually, prevent land, water, and air pollution. Proper waste collection and segregation are critical for recycling waste and plastic products or any other items such as paper, metals, and wood products. Inappropriate disposal of waste poses a big threat to municipalities and other concerned bodies involved in waste management. Improper disposal of waste can greatly affect the health of the population living nearby the polluted area or landfills. Exposure to improperly handled wastes can cause skin irritations, blood infections, respiratory problems, growth problems, and even reproductive issues.
The global Waste Management Market size was valued to USD 421.6 billion in 2021, and is predicted to reach USD 667.5 billion by 2030, witnessing a CAGR of 5.1% from 2022-2030.
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There is a generation of 2.01 billion tons of municipal solid waste per year at the global level, with at least 33% of that—extremely conservatively—not managed in an environmentally safe manner. Worldwide, waste generated per person per day averages 0.74 kilograms but ranges widely, from 0.11 to 4.54 kilograms. Though they only account for 16 percent of the world’s population, high-income countries generate about 34 percent, or 683 million tons, of the world’s waste. Global waste is expected to grow to 3.40 billion tons by 2050, greater than double population growth over the same period. Overall, there is a positive correlation between waste generation and income level. Daily per capita waste generation in high-income countries is anticipated to increase by 19% by 2050, compared to low- and middle-income countries, where it is expected to increase by approximately 40% or more. The total quantity of waste generated in low-income countries is expected to increase by greater than three times by 2050.
Asia Pacific has been segmented into countries like Japan, China, India, South Korea, Australia, and Rest of Asia Pacific. Rest of Asia Pacific majorly includes of Malaysia, Singapore, Indonesia, and Thailand. The shift of the Asia Pacific population from rural to urban areas is expected to result in a rapid increase in solid waste generation. The total population in Asia Pacific is expected to reach 5.1 billion by 2050, out of which the urban population is projected to account for at least a 64.0% share. The industrialization has enhanced urbanization in Asia Pacific region through the migration of rural populations to urban areas and the development of towns into cities. Also, as a result of steady economic growth in the Asia Pacific countries, the households are experiencing a continuous rise in their disposable income, which has eventually contributed to the demand for waste management services. The increasing awareness regarding the impact of non-eco-friendly packaging, such as plastic packaging and other plastic product materials, on the environment has had a major impact on the waste management market in this country.
Some of the major key players in the waste management market: BIFFA GROUP, CLEAN HARBORS, INC., COVANTA HOLDING CORPORATION, HITACHI ZOSEN CORPORATION, WASTE MANAGEMENT INC., VEOLIA ENVIRONMENT S.A., SUEZ ENVIRONMENT S.A, REMONDIS AG & CO. KG, REPUBLIC SERVICES, INC. and WASTE CONNECTIONS, INC. among others.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
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Cyber Security Market Emerging Trends and Technology 2022-2030
The increasing number of cyber-attacks with the emergence of e-commerce platforms, deployment of cloud solutions, and proliferation of smart devices are some of the factors driving the market growth. Cyber threats are anticipated to evolve with the increase in usage of devices with intelligent and IoT technologies. As such, organizations are expected to adopt and deploy advanced cyber security solutions to detect, mitigate, and minimize the risk of cyber-attacks, thereby driving market growth. Cyber security experienced a slight dip in 2020 due to the closure of several organizations during the first and second quarters of 2020. However, the market started recovering by the end of the second quarter owing to several firms deploying cyber security solutions with the implementation of remote working culture. Employees used personal devices for business work while connecting through private Wi-Fi or anonymous networks, putting the company’s security at risk. As such, several organizations adopted cyber security solutions the manage and secure the increased number of endpoint devices while also getting protection from network threats.
The Global Cyber Security Market size was valued at USD 183.34 billion in 2020 and is predicted to reach USD 539.78 billion by 2030, with a CAGR of 11.6% from 2021-2030.
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Cybersecurity tactic and defence system that defends against the potential for cyberattacks that explicitly target physically linked IoT devices. Any connected IoT device is open to a bad actor's breach, compromise, and control, making it possible for them to eventually infiltrate, steal user data, and bring down systems. IoT devices now make up 30% of all devices on enterprise networks, which has triggered a shift in business processes owing to the technology's quick development and acceptance. These devices' rich data sources offer insightful information that is useful for real-time decision-making and accurate predictive modelling. In the cybersecurity market, IoT is also a crucial facilitator of digital transformation in the workplace, having the potential to increase employee satisfaction, workforce productivity, corporate efficiency, and profitability.
North America dominates the global cybersecurity market with a large number of cybersecurity vendors from the region such as Rapid7, Microsoft, Palo Alto Networks, and several others. The infrastructure and use of technology are very high in the region giving way to cyber attacks. The extensive observance of data compliance rules and cloud deployments are the main growth drivers for cybersecurity in the region. The increase in cyberattacks in the region owes to the high adoption of cloud-based applications. Hence, industries in North America are increasingly implementing extensive cybersecurity solutions.
Some of the major key players in the cyber security market are: IBM Corporation, FireEye Inc., ProofPoint, Inc., Symantec Corporation, Cisco Systems, Inc., Check Point Software Technologies Ltd, Imperva Inc., Palo Alto Networks Inc., AVG Technologies NV and Dell Technologies Inc. among others.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
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Furniture Market Market- Size, Share, Growth, Revenue and Forecast
Rising emergence of modern residential projects all over the world is likely to propel the furniture industry expansion. The surging number of smart city development projects coupled with the soaring construction sector would create considerable demand for different furniture types in the future. The International Data Corporation reveals that the smart city projects worldwide are projected to achieve a total investment of more than USD 670.50 billion by 2030. The rise in investments for these projects and the eventual surge in the demand for a variety of furniture will favor the worldwide market.
The Furniture Market size was valued at USD 637.26 billion in 2021 and is predicted to reach USD 945.53 billion by 2030 with a CAGR of 4.5% from 2022-2030.
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Some of the major key players in the furniture market are: Ashley Furniture Industries, Inc., Bassett Furniture Industries Inc., Berco Designs, CYMAX GROUP TECHNOLOGIES LTD., INTER IKEA GROUP, Kimball International, Inc., Godrej & Boyce Manufacturing Co., Ltd., Hooker Furniture, Kohler Company, HNI Corp., Steelcase Inc., KOKUYO, Home Depot, Inc., Herman Miller Inc., Bene GmbH, Dunn’s Furniture, Knoll Inc., Durham Furniture, Krost Office Products, Haworth Inc., Masterbrand Cabinets, Meridian Office Group and La-Z-Boy Incorporated among others.
The global furniture market is widely spread across various regions of the world. The key players across these regions are increasing their manufacturing pace in order to meet the rising demand. The regions where the market is holding a strong position are Asia Pacific, Europe, North America, and other parts of the world.
Asia Pacific will be leading the market in the present forecast years, as the supply-demand rate is high across the region. Europe is right behind it in terms of offering ideal market opportunities. The growth pace in North America is moderate. United Kingdom is the country that has recorded the largest wood pellet consumption with 6.8 million metric tons, like that of 2019. Italy is right behind UK, with 3.1 million metric tons of wood pellet consumption. A large part of it is for the furniture and wood crafting industry.
Recent Developments:
February 2022: Godrej & Boyce, the flagship brand owned by the Godrej Group, confirms that Godrej Interio, the top furniture solutions company in India in the home & institutional spaces, introduced ‘Move Up’ in the ergonomic office desks category. Adding to its line of ergonomic institutional furniture, the brand highlights the significance of the sit-to-stand concept. The desk is based on a technology that facilitates different postures for alleviating stress related to the sedentary working style.
February 2022: Plank & Hide Co., a reputed furniture company in the US with expertise in indoor recreational furnishings as well as outdoor entertainment space, will be acquiring outdoor industry supplier, formerly called 300 South Main. 300 South Main will now be part of the Plank & Hide organization and will be renamed as P&H Elements.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
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Construction Market Size, Status, Global Outlook 2022-2030
Some of the major key players in the construction market are: China State Construction Engineering Corporation, China Railway Group Limited, Vinci SA, China Railway Construction Corporation Limited, Metallurgical Corporation of China Limited, Grupo ACS, Bouygues S.A., Skanska AB, Obayashi Corporation and D.R. Horton, Inc. among others.
Recent Development:
• In March 2021, Samsung C&T Corporation won a USD 448.0 million construction deal for building the Mass Rapid Transit system in Singapore. As per the deal, Samsung C&T Corporation will be constructing additional and alteration works to the existing Hougang station along the North East Line. With this deal, Samsung C&T is expanding its presence in the infrastructure development segment globally.
• In April 2021, Vínci SA acquired the core business of Spain's Actividades de Construccion y Servicios SA for around USD 5.80 billion for expanding its presence in the renewable energies market. This deal also augments Vinci SAs presence in Spain and Latin America.
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The Construction Market size was valued at USD 7.28 trillion in 2021 and is predicted to reach USD 14.41 trillion by 2030 with a CAGR of 7.3% from 2022-2030.
Construction is the installation, maintenance, and repair of buildings and other stationary structures, as well as the construction of roadways and service facilities that form fundamental components of structures and are required for their operation. Construction encompasses the processes involved in constructing buildings, infrastructure, and industrial facilities, as well as related operations, from start to finish. A complete assessment of the Construction Market includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments in the report.
An increase in the infrastructure spending by governments across the globe is invigorating the market growth for construction. For instance, in November 2020, the United Kingdom government decided to invest £10 billion National Home Building Fund to build more affordable, sustainable, and beautiful homes across England and level up communities. Increasing private sector investments in construction are further aiding the market development. Expanding manufacturing footprint and rising foreign investments in emerging nations like India are also enhancing the construction market growth. In developed regions, such as North America, ongoing non-residential construction activities, such as education, healthcare, and industrial facilities, are expected to be the key drivers for the market in the coming years. Different technologies such as DataCAD, CADKEY, ArchiCAD, ConSteel, REVIT, NavisWorks, StruCad and Nemetschek, Corel Draw, and Bentley Systems, among others, are being used to save time and cost during the entire process of construction, thus, further pushing the growth of the market.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Travel Insurance Market Growth Areas, Shares, Strategy, and Forecasts 2022-2030
Key Benefits for Stakeholders:
The study provides an in-depth analysis of the global travel insurance market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global travel insurance trend is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.
The Global Travel Insurance Market size was valued at USD 14.29 billion in 2021 and is predicted to reach USD 108.82 billion by 2030 with a CAGR of 25.6% from 2022-2030.
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Travel Insurance is a specialized form of insurance intended to cover financial default, medical expenses, and a variety of other sources of financial loss that can be incurred while traveling domestically or internationally. Travel Insurance can be arranged at the time a trip is booked (such as through a travel agency, cruise line operators, or other travel suppliers), which lasts for the duration of a trip, or a longer term, more expansive coverage can be obtained directly from a Travel Insurance company, which can cover Business Travel, Student Travel, Cruises, Leisure Travel, Adventure Travel, and International Travel at various levels.
Some of the major key players in the travel insurance market are: Allianz Group, Zurich Insurance Group, American Express Company, American International Group, Inc., Axa SA, Berkshire Hathaway Specialty Insurance, Seven Corners, Inc., USI Insurance Services, Travel Insured International, Inc. and Genarali Group among others.
The demand for travel insurance is poised to skyrocket on the account of growth in the tourism industry due to the factors such as easy internet travel bookings, extensive media coverage of various holiday types, an increase in disposable income, and enhanced package holidays. The increasing adoption of various technological advancements, such as AI-based applications, the usage of Big Data, and Blockchain, is expected to create growth opportunities for travel providers in the global market. Moreover, the travel insurance market is witnessing a rise in popularity owing to benefits such as COVID-19 medical coverage, and 24/7 emergency services. Many industries across the world were severely impacted due to the COVID-19 pandemic. However, the travel insurance market experienced significant growth owing to a surge in the demand for travel insurance services and products post-pandemic. The pandemic has accelerated the need for travel insurance among the general population, resulting in the creation of various open-source data portals and dashboards to inform citizens about the number of coverage included in travel insurance, the number of active cases, and infection rate, and recovery rate.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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3D Printing Market Trends, Growth, Demand, Opportunities and Forecast to 2030
Some of the major key players in the 3D printing market are: Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and Ponoko Limited among others.
3D printing is an augmentation in the available manufacturing technologies and is aggressively expanding its footprint in different applications globally. 3D printing technology has the access and ability to print simple and complex objects in small to large sizes. The automotive vertical is the fastest-growing vertical in the 3D printing market. The automotive industry has also shifted from the use of 3D printing for prototyping applications to the manufacturing of final components & products. The demand for newer, better-performing vehicles, as well as the need to optimize production and streamline supply chains and logistics, drive the growth of the market.
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The global 3D Printing Market size valued to USD 12.96 billion in 2019; is expected a hike of USD 107.52 billion by 2030, witnessing a CAGR of 21.2% from 2020-2030.
The 3D printing service sector is garnering significant traction compared to the sale of printers and materials. The market for 3D printing or AM has been growing rapidly with rapid progress in the industries, such as healthcare (including medical, orthopedic, and dentistry), aerospace, and automotive, as these industries were the early adopters of the technology. However, with the advancement in printing technology and materials, the 3D printing service sector is garnering significant traction as a source of profit generation compared to the sales of printers and materials. As the 3D printing technology facilitates the manufacturing of products with complex geometries and offers competitive pricing compared to traditional manufacturing methods, several companies across several industries are expected to outsource everything, from design to production of customized products, to sustain in the highly competitive markets. As a result, the market for 3D printing services is expected to witness the highest growth rate in the nearest future.
Advancements in 3D printing technologies has accelerated the adoption of print-on-demand parts for the production of customized functional parts. 3D printing enables the manufacturing of personalized products according to individual needs and requirements. The companies provide customized services, such as basic design development by designers, followed by allowing the customers to co-design the product. Ongoing technological advancements in the existing 3D printing technologies, reducing costs of printers, and availability of a range of materials enable the easy manufacturing of custom-made products. Governments are undertaking initiatives and providing funding to educational institutions, research centers, and research and technology organizations to further explore the opportunities provided by 3D printing technology and encourage its development. Countries such as the US, the UK, and Canada have implemented national programs for promoting university-level 3D printing research, which is driving technology advancement and the establishment of start-ups. The emergence of new applications for 3D printing has attracted industrialists and governments across the world toward technology.
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We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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MICE Industry Global Insights and Trends 2022, Advancement Outlook till 2030
Meetings, Incentives, Conferences and Exhibitions (MICE) tourism is a type of tourism in which large groups, usually planned well in advance, are brought together. Recently there has been an industry trend towards using the term 'meetings industry' to avoid confusion from the acronym. Other industry educators are recommending the use of "events industry" to be an umbrella term for the vast scope of the meeting and events and profession. Most components of MICE are well understood, perhaps with the exception of incentives. Incentive tourism is usually undertaken as a type of employee reward by a company or institution for targets met or exceeded, or a job well done. Unlike the other types of MICE tourism, incentive tourism is usually conducted purely for entertainment, rather than professional or education purposes. MICE events are usually centered on a theme or topic and are aimed at a professional, school, academic or trade organization or other special interest group.
Some of the major key players in the MICE industry are: BI Worldwide, Ltd., BCD Group, One10, LLC, ITA Group, Inc, Conference Care Ltd, Meetings and Incentives Worldwide (M&IW), Maritz, Cievents, ACCESS Destination Service, 360 Destination Group, CSI DMC, The Freeman Company, Carlson Wagonlit Travel, IBTM, Creative Group, Inc., ATPI Ltd and The Interpublic Group of Companies, Inc. among others.
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Businesses and corporate though work a majority of the times from an office, but also need to travel beyond those boundaries in order to seek out bigger and better opportunities. Companies need to work towards establishing their presence in the market by attending events such as conferences and seminars. These corporate events, meetings and more require meticulous planning that can help in the success of an event. These events thus require a larger sector that can help in the process of organizing, planning, and initiating process of the event.
The global MICE Industry size valued to USD 916.1 million in 2019, is predicted to garner USD 1.78 billion by 2030, with a CAGR of 6.1% from 2020-2030.
The global pandemic that swept across the entire world in early 2020 majorly affected businesses and companies immensely. Public gatherings which involved larger crowds were banned and activities of any other sort were prohibited due to strict lockdown regulations. This initially affected the MICE industry as several conferences, seminars and more events were either indefinitely postponed or cancelled.
Over time, the use of technology was able to revive these events as people switched to video conferences, and holding online seminars. This was a different approach but still manages to serve the purpose. Though the industry had to bear the brunt financially, by adapting to situations, it’s bound to bring forth more innovations while also being to recover from the earlier losses. The events will in the future need to implement regulations to ensure safety of the guests while also keeping it easy for people to find what they need. Upon the world opening up for normal operations, the MICE industry aims to find even better location to conduct their events with all regulations in place.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Over The Top Market Market- Size, Share, Growth, Revenue and Forecast
Some of the major key players in the over the top (OTT) market: Amazon Web Services (AWS), Apple Inc., Microsoft Corporation, Hulu, LLC, Telestra, Tencent Holdings Ltd., Netflix, Facebook, Google LLC and Rakuten Inc. among others.
Over-the-top service refers to movies and television shows that are delivered on to digital users without the need of cable or satellite TV subscription. OTT content are often directly downloaded and viewed on user’s demand. This sort of content includes movies and television services, and is delivered directly over the web to connected devices like PCs, tablets, smartphones, and consoles. Presently, over-the-top services are at a comparatively nascent stage, and are widely accepted as a trending technology across the world. The over-the-top market is projected to witness innovative and advanced transformation, which enable the purchasers to access everything they need at one space.
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The global Over The Top (OTT) Market size was valued at USD 132.23 billion in 2019 and is predicted to reach USD 709.44 billion by 2030 with a CAGR of 16.5% from 2020-2030.
Rise in demand for subscription-based services has been a facet that's driving the OTT market. The rise in penetration of subscription-based services in emerging markets is predicted to fuel OTT market growth during the forecast years. The inability to supply high speed internet is one of the factor which is restraining the growth of the market in terms of value sales. High speed internet is required to watch content on OTT platforms. This is often impossible in remote areas of developing countries because of the low penetration of internet in developing economies such as Africa and Middle East countries. Moreover, the Increasing demand for Smart TVs is predicted to offer immense opportunities for the growth of the overall market in terms of value sales.
North America is holds the largest market share in the over the top (OTT) market and is also expected to retain its dominance throughout the forecast period. The growing substantial funds and investment in content creation sector are perpetually pushing the market growth. For instance, according to the Telecom Adviory Services LLC, Amazon.com, Inc. and Netflix Inc. were anticipated to take a position in TV shows and film programming in 2019. The U.S. is ready to hold the lion share in the North America market followed by Canada and Mexico. The recently entered platform suppliers in the U.S., including Disney+, Peacock, Quibi, HBO Max Apple TV, and others, are driving the market growth in this region.
Key Market Trends:
The Global Over-the-Top/OTT Market is growing due to factors such as an increase in demand for OTT services in developing regions, an increase in SVoD services, the availability of a wide range of content, a surge in demand for live streaming channels, an increase in demand for OTT services and gaming during the COVID-19 lockdown period, and the availability of freemium models in price-sensitive markets.
The demand for new OTT entertainment material has increased significantly, and a growing number of OTT service providers are making some of the existing content available for free and launching new content on their platform. To meet the ever-increasing demand of consumers, platforms like Zee5 and Amazon Prime Video have given a handful of their episodes free to watch as part of their #BeCalmBeEntertained initiative. Furthermore, the Zee5 platform, an Indian OTT service provider, has seen a nearly 80% spike in memberships and a more than 50% increase in time spent recently. Furthermore, Amazon Prime Video has made some of its children's entertainment is available.
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We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Cyber Security Market Overview and Scope Forecast 2022-2030
Some of the major key players in the cyber security market are: IBM Corporation, FireEye Inc., ProofPoint, Inc., Symantec Corporation, Cisco Systems, Inc., Check Point Software Technologies Ltd, Imperva Inc., Palo Alto Networks Inc., AVG Technologies NV and Dell Technologies Inc. among others.
The Global Cyber Security Market size was valued at USD 183.34 billion in 2020 and is predicted to reach USD 539.78 billion by 2030, with a CAGR of 11.6% from 2021-2030.
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Factors driving the market growth include increased target-based cyberattacks on enterprises causing an operational disturbance, rising demand for IoT security solutions, increased data breaches, growing concerns for cyberattacks on critical infrastructure. However, challenges to deploy and implement the cyber security solutions and diverse nature of sophisticated cyber threats are expected to hinder the market growth.
Cybersecurity tactic and defence system that defends against the potential for cyberattacks that explicitly target physically linked IoT devices. Any connected IoT device is open to a bad actor's breach, compromise, and control, making it possible for them to eventually infiltrate, steal user data, and bring down systems. IoT devices now make up 30% of all devices on enterprise networks, which has triggered a shift in business processes owing to the technology's quick development and acceptance. These devices' rich data sources offer insightful information that is useful for real-time decision-making and accurate predictive modelling. In the cybersecurity market, IoT is also a crucial facilitator of digital transformation in the workplace, having the potential to increase employee satisfaction, workforce productivity, corporate efficiency, and profitability.
North America dominates the global cybersecurity market with a large number of cybersecurity vendors from the region such as Rapid7, Microsoft, Palo Alto Networks, and several others. The infrastructure and use of technology are very high in the region giving way to cyber attacks. The extensive observance of data compliance rules and cloud deployments are the main growth drivers for cybersecurity in the region. The increase in cyberattacks in the region owes to the high adoption of cloud-based applications. Hence, industries in North America are increasingly implementing extensive cybersecurity solutions. The widespread use of personal devices, like smartphones and laptops, to help businesses carry on with their operations, secure data stored within organizations, and transfer it over business networks amid the pandemic, is expected to significantly accelerate the adoption of cybersecurity solutions in the region after the pandemic. These factors and the North American countries being the strongest economies worldwide result in having the highest cybersecurity market size in the forecasted period.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
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Travel Insurance Market Market- Size, Share, Growth, Revenue and Forecast
Key Benefits for Stakeholders:
The study provides an in-depth analysis of the global travel insurance market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global travel insurance trend is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.
The Global Travel Insurance Market size was valued at USD 14.29 billion in 2021 and is predicted to reach USD 108.82 billion by 2030 with a CAGR of 25.6% from 2022-2030.
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Travel Insurance is a specialized form of insurance intended to cover financial default, medical expenses, and a variety of other sources of financial loss that can be incurred while traveling domestically or internationally. Travel Insurance can be arranged at the time a trip is booked (such as through a travel agency, cruise line operators, or other travel suppliers), which lasts for the duration of a trip, or a longer term, more expansive coverage can be obtained directly from a Travel Insurance company, which can cover Business Travel, Student Travel, Cruises, Leisure Travel, Adventure Travel, and International Travel at various levels.
Some of the major key players in the travel insurance market are: Allianz Group, Zurich Insurance Group, American Express Company, American International Group, Inc., Axa SA, Berkshire Hathaway Specialty Insurance, Seven Corners, Inc., USI Insurance Services, Travel Insured International, Inc. and Genarali Group among others.
The demand for travel insurance is poised to skyrocket on the account of growth in the tourism industry due to the factors such as easy internet travel bookings, extensive media coverage of various holiday types, an increase in disposable income, and enhanced package holidays. The increasing adoption of various technological advancements, such as AI-based applications, the usage of Big Data, and Blockchain, is expected to create growth opportunities for travel providers in the global market. Moreover, the travel insurance market is witnessing a rise in popularity owing to benefits such as COVID-19 medical coverage, and 24/7 emergency services. Many industries across the world were severely impacted due to the COVID-19 pandemic. However, the travel insurance market experienced significant growth owing to a surge in the demand for travel insurance services and products post-pandemic. The pandemic has accelerated the need for travel insurance among the general population, resulting in the creation of various open-source data portals and dashboards to inform citizens about the number of coverage included in travel insurance, the number of active cases, and infection rate, and recovery rate.
Request sample copy of this report at:-
About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
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Real Estate Market Future Outlook 2022-2030
The global real estate market size was valued at USD 9.52 billion in 2021 and is predicted to reach USD 14.55 billion by 2030 with a annual growth rate (CAGR) of 4.8% from 2022 to 2030. The market is expected to grow at a healthy pace during the forecast period, owing to the rising population and a desire for personal household space. As of 2021, the commercial real estate space was estimated to be the most important element driving industry expansion.
Real estate refers to properties that consist of land, resources, buildings, and roads, and other utility systems. Residential, commercial, industrial, and land are some of the common types of real estate. It involves the purchase of raw land, construction, rezoning, renovation of buildings, and sale or lease of the finished products to the clients. Real estate includes duplexes, townhomes, single-family homes, condominiums, cooperative housing, fourplexes, and triplexes. Investment in real estate aids in good returns, tax benefits, long-term security, diversification, passive income, building capital, and protection against inflation.
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Rapid urbanization across the globe is one of the key factors driving the growth of the market. The rising population, burgeoning need for quality housing and infrastructure, and the increasing trend of nuclear families are favoring the real estate market growth. In line with this, the shifting consumer preferences toward a clean, safe, and secure environment, along with rapid infrastructural development, such as enhanced connectivity via roads, air, and railways, are creating a positive outlook for the market. Moreover, various technological advancements, such as the integration with artificial intelligence (AI) and the Internet of Things (IoT), are providing an impetus to the market growth. These technologies offer a centralized platform for storing documents and maintaining emails and messages of online rent payments. In addition to this, the increasing need for infrastructure and organized spaces due to the significant growth in the information technology (IT) industry is positively impacting the market growth. Other factors, such as the increasing expenditure capacities of consumers and the implementation of various government initiatives for the development of infrastructural projects, are anticipated to drive the market toward growth.
Some of the major key players in the real estate market are: American Tower Corporation, Avalonbay Communities, Inc., Ayala Land, Inc., Brookfield Asset Management Inc., Gecina, Link Asset Management Limited, Prologis, Inc., Segro Plc, Simon Property Group, Inc., Sinarmas Land Limited, CBRE, Jones Lang LaSalle IP, Inc., New World Development Company Limited, Colliers and Newmark Group among others.
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About Next Move Strategy Consulting
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Construction Market Rising Trends and Technology Outlook 2022-2030
The Construction Market size was valued at USD 7.28 trillion in 2021 and is predicted to reach USD 14.41 trillion by 2030 with a CAGR of 7.3% from 2022-2030.
Construction is the process of constructing a structure such as building, framework or model using various materials. Any construction project is made out of specific variations within a fixed framework of distinct stages - design, production and conversion of raw materials into manufactured products, and construction. Each of these stages consist of its own internal stages, processes, and aspects that combine together to complete a construction project. The market by value is defined as the revenues that enterprises gain from goods and/or services within the specified market and geography. It does not include revenues from resales either further along the supply chain or as part of other products. Only goods and services traded between entities or to end consumers are included. Whether specifically stated or not, the markets for goods include related services and the markets for services include related goods. The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. Value is defined as revenues generated from goods or services in a given market through sales, grants or donations in terms of currency.
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Construction is the installation, maintenance, and repair of buildings and other stationary structures, as well as the construction of roadways and service facilities that form fundamental components of structures and are required for their operation. Construction encompasses the processes involved in constructing buildings, infrastructure, and industrial facilities, as well as related operations, from start to finish. A complete assessment of the Construction Market includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments in the report. The report sheds a light on the market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the Construction Market is depicted through the profiles of active key players.
Some of the major key players in the construction market are: China State Construction Engineering Corporation, China Railway Group Limited, Vinci SA, China Railway Construction Corporation Limited, Metallurgical Corporation of China Limited, Grupo ACS, Bouygues S.A., Skanska AB, Obayashi Corporation and D.R. Horton, Inc. among others.
Recent Developments:
January 2022: The Heavy Civil Infrastructure business of L&T Construction won a prestigious order from Delhi Metro Rail Corporation Limited (DMRC) to design and construct the Underground Metro Project of Phase-1 of Patna MRTS. The major scope of work for the project comprises design & construction of a Twin Tunnel by Shield TBM of approximately 6 Km, Tunnel by Cut & Cover, an Underground (UG) Ramp at Rajendra Nagar and six UG Metro Stations located at Rajendra Nagar, Moin Ul Haq Stadium, University, PMCH, Gandhi Maidan, and Akashvani, along with other associated structures including architectural finishing, water supply, sanitary installation, and drainage works on the new ISBT to Patna Station of Corridor-2 of Phase-1 of Patna MRTS. The project passes through the heart of Patna City and is scheduled to be completed within 42 months.
December 2021: Indian Hotels Company (IHCL) collaborated with TATA Projects Limited for the construction of its new Ginger hotel at Santacruz, Mumbai, by an all-woman engineering team. The 371-room hotel with a built-up area of over 19,000 square meters will be constructed over a course of 19 months. The building process will incorporate the latest construction techniques and technologies. Located at a prime location in close proximity to Mumbai Airport and Western Express Highway, this will be a flagship Ginger hotel and is being constructed by one of India’s leading construction companies.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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