#E) Based on end-use industries segmentation

[samflir]

A totally different kind of calculator

My latest purchase for The Collection, a Calculated Industries ConversionCalc Plus, was mainly to further diversify my collection, as I now want to get calculators from as many distinct manufacturers as possible. As the name suggests, it's a calculator that is entirely dedicated to the task of converting between different measurements.

I picked the conversion calculator because it is by far the least specialised of all of CI's calculators and just about the only one I could imagine being actually useful to me.

After getting it, it's one of my favourite calculators ever and it goes on my desk rather than on the drawers with most of the calculator collection. I use it whenever I have unit conversions to do because it's so much more convenient than opening a new tab and typing conversions into Google, especially because Google converts to feet with a decimal point by default, instead of feet and inches:

Look Google! It's how people expect feet measurements to be formatted!

Most unit conversions are two button presses away because there's no need to type out their names or dig through menus, everything's at the base or shifted layers of the keypad. I would never use my other calculators for this purpose because they don't prioritise it enough to be faster than Google. It's faster to type "1435 mm to ft" into Google than find the conversions menu in my fx-9750Gii and use submenus every time to slowly type out "[mm] -> [ft]":

After all that effort, it still won't present it in feet and inches!

It of course works as a normal calculator, but has some odd limitations, such as lacking cubes and cube roots. Squares and square roots are elegantly integrated into the unit conversion system. Squaring a metre value will turn it into square metres, and taking the square root of an area will show you the side length of a square with that area, automatically changing from square measurements to linear ones. But none of this can happen with the cubic measurements. Oh well.

Unfortunately, this calculator doesn't support the UK imperial system. All imperial units are the US versions. This is not a huge problem for me as the vast majority of the time I use this calculator will be for communication with Americans.

Converting between units never loses precision. If you convert a number into a new unit, all of the digits of the original unit are retained no matter how many conversions you do afterward. This even applies to entering fractional amounts of inches, which has a special "/" (that is, not the usual divide symbol) button on the calculator. Fractions automatically get converted into a fraction with a power of 2 denominator, but when shown as a decimal value, are clearly still their original value rather than rounded. This is really impressive.

Another great part of the calculator's interface is the unusual number of edge cases built in to display as many digits as possible at all times. If needed, the calculator repurposes its scientific notation/fraction digits into a bonus pair of digits after the decimal place:

I thought this was a bug when I first saw it!

It also has a fourteen-segment display to the left of the main seven-segment display, the first calculator in my collection to feature one. This is used for some of the measurements that don't have dedicated segments in the LCD. But it can also display the minus sign, so MILE ends up dropping the E in sufficiently long negative numbers:

Notice here that it's also using the uppermost segment of the last digit as a minus sign for the scientific notation digits. This seems to suggest that these are not intended to show scientific notation and were originally designed to display inches with fractions, and were then repurposed for scientific notation:

In general, the interface shows an incredibly creative approach to using the LCD panel that I've never seen on any other calculator. Looking through CI's range, some of their other calculators seem to feature a similar or possibly identical display, which suggests it's a standard one that they reuse for all of their calculators.

My collection is now at 19 calculators and I have every major type of calculator:

Standard

Financial

Programmer

Scientific

Graphing

I would consider this another category from all of those, the "unit converter" calculator type. Just as scientific calculators often include programmer functionality in their BASE-N modes, this is definitely not something that this calculator is uniquely capable of, but it is something it's uniquely capable in. It is to unit conversion what my DM16L is to BASE-N arithmetic and logic.

Having a totally new kind of calculator is rare and exciting with a collection my size, which is why I've found the CI converter calculator so much more interesting than my other recent additions, which have been scientific and graphing calculators.

It ticks boxes for my calculator collecting, is genuinely useful to me and has a very unusual set of capabilities and user interface. Love it when that happens!

Calculated Industries website

[stevecarell600]

Drone Package Delivery Market Are Estimated To Increase During Period 2029 USD 31,188.7 Million At Exhibiting a CAGR of 53.94%

The global drone package delivery market size is projected to reach USD 7,388.2 million by 2028, exhibiting a CAGR of 41.8% during the forecast period. Widespread deployment of drones to deliver medical and food supplies amid the COVID-19 pandemic is expected to aid the market make substantial gains, observes Fortune Business Insights™ in its report, titled “Drone Package Delivery Market Size, Share & Industry Analysis, By Type (Fixed Wing and Rotary Wing), By Package Size (Less Than 2 Kg, 2-5 Kg, and above 5 Kg), By End Use (Restaurant & Food Supply, E-commerce, Healthcare, Retail Logistics & Transportation and others), and Regional Forecast, 2020-2028”.

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The report states that the market value stood at USD 642.4 million in 2019 and shares the following information:

Comprehensive depiction of the industry outlook and trends;

Detailed insights into the upcoming opportunities in the market;

Tangible analysis of the market drivers, restrains, and all possible segments; and

In-depth assessment of the regional and competitive dynamics impacting the market.

Driving Factor

Emergence of Drone Startups in Logistics to Augment Market Potential

The growing demand for enhancing the efficiency of logistics operations has triggered a sudden emergence of startups specializing in drone technologies to cater to these needs. For example, DroneScan, a South Africa-based startup, designs drones that transmits live data of scanned items in warehouses, making inventory management more efficient and upping the productivity quotient of workers. An Italy-based startup, Archon, provides autonomous robotic drone services to facilitate supervised as well as unsupervised inspection of warehousing and logistics operations. The drone startup culture is gathering momentum in developing countries as well. For example, in India, several startups have spawned in the past few years that are providing next-gen drone services. Aarav Unmanned Systems, for instance, was started in 2013 and is India’s first drone company to develop drone solutions for commercial applications in the public and private sectors. These developments are expected to power the drone package delivery market growth in the forthcoming years.

Regional Insights

North America to Top Other Regions Backed by Rising Preference for Drone Deliveries by Shoppers

North America is set to dominate the drone package delivery market share during the forecast period owing to the increasing inclination of online shoppers towards delivery of goods through unmanned aerial vehicles (UAVs). With a market size of USD 237.7 million in 2019, the region is likely to retain its leading position, which will be supported by the strong financial support to drone startups in the US and Canada.

In Europe, the market is anticipated to be driven by the growing presence of tech companies that are expanding their operations in the region through collaborations and partnerships. Asia Pacific is expected to create exciting opportunities for market players on account of the emerging trend of online purchasing of groceries in the large cities of India, China, and Indonesia.

Competitive Landscape

Supportive Regulations to Novel Ideas to Feed Competitive Ardor of Key Players

With the scope for innovation widening, key players in the market drone package deliveries are engaged in coming up with novel drone solutions, especially during the current coronavirus crisis. Supporting their efforts are regulatory bodies that are easing flying norms and rules to ensure timely delivery of essential supplies to people.

List of Key Companies Profiled in the Drone Package Delivery Market Report:

DroneScan (South Africa)

Cheetah Logistics Technology (US)

Flytrex (Israel)

Flirtey (US)

Matternet, Inc. (US)

Boeing (US)

Amazon Inc. (US)

Wing Aviation LLC (US)

Workhorse Group Inc. (US)

Drone Delivery Canada Corp. (Canada)

Zipline (US)

DHL International GmbH (Germany)

United Parcel Service of America, Inc. (US)

FedEx (US)

Industry Developments:

August 2020: Amazon secured clearance from the Federal Aviation Administration (FAA) to deploy its Prime Air delivery drone fleet to efficiently and securely deliver packages to customers. Amazon is now the third company to receive FAA approval to operate drones on a commercial scale after UPS and the Alphabet-owned company, Wing.

May 2020: Wing, a subsidiary of Google’s parent company Alphabet, announced that it has made thousands of drone deliveries in Australia during the pandemic. Launched in Canberra in 2019, the demand for Wing’s services rose by 500% between February and April 2020.

[strangemusictriumph]

Transparent Display Market - Forecast (2022 - 2027)

Transparent Displays Market size is forecast to reach $7.9 billion by 2026, at a CAGR of 44.9% during 2021-2026.  Growing demand for liquid crystal display based transparent displays for various verticals, increasing usage of transparent display for Head-Mounted Display (HMDs), and Head-Mounted Display products is analyzed to enhance the Transparent Display market share. In addition high growth for OLED based transparent display devices and high adoption of transparent display for digital signage products are expected to create significant growth opportunities for players in the market during the forecast period. In 2020, JDI developed transparent display with 87% high transparency, which is nearly the same as looking through a clear glass when the display is turned off.  In 2020, Panasonic has released commercial 55-inch transparent self-illuminating transparent OLED display panel that does not require a backlight. Hence these developments are analyzed to drive the Transparent Display industry in the forecast period 2021-2026.

Report Coverage

The report: “Transparent Displays Market Report– Forecast (2021-2026)”,by IndustryARC covers an in-depth analysis of the following segments of the Transparent Display market

By Type: LCD, OLED, E-Paper, Others

By Product: HMD, HUD, Digital Signage, Smart Appliance

By Display Size: Small, Medium, and Large

By Resolution: HD, Full HD, UHD, Others

By End User: Industrial, Retail and hospitality, Automotive, Aerospace and defense, Transportation, Healthcare, Sports and entertainment, others.

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

Transparent Display market in APAC region held a significant market share of 39.2% in 2020, due to the increase in demand for transparent displays in various end users, such as automotive, Electronics, healthcare.

OLED segment has held significant share of 38% in 2020, rise in demand for OLED display technology due to advantages such as improved image quality, better contrast, higher brightness and much faster refresh rates with lower power consumption as compared to liquid crystal display technology is analyzed to drive the market growth.

High adoption of transparent display for digital signage products is analysed to drive the market growth.

Healthcare sector in Transparent Display Market is expected to witness a highest CAGR of 45.8% the forecast period. Increasing technological advancements in the healthcare industry is paving the way for the use of transparent displays in applications, such as surgery and patient check-up.

Transparent Display Market Segment Analysis - By Type

OLED segment has held significant share of 38.2% in 2020, rise in demand for OLED display technology due to advantages such as improved image quality, better contrast, higher brightness and much faster refresh rates with lower power consumption as compared to liquid crystal display technology is analysed to drive the market growth. Transparent OLED maximizes the advantages of OLED and can be used in various places from stores to autonomous vehicles. Moreover several companies have been launching advanced transparent OLED displays to gain the market traction. In 2021, LG Display has announced its plans to launch its transparent OLED screen. In 2020, Panasonic has released commercial 55-inch transparent self-illuminating transparent OLED display panel that does not require a backlight Hence, OLED display technology expected to provide ample opportunities for the transparent display market during the forecast period 2021-2026.

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Transparent Display Market Segment Analysis - By End User

Healthcare sector in Transparent Display Market is expected to witness a highest CAGR of 45.8% in the forecast period. Increasing technological advancements in the healthcare industry is paving the way for the use of transparent displays in applications, such as surgery and patient checkup. Transparent displays are being deployed to assist surgeons during critical operations. In addition, the healthcare industry is exhibiting a substantial growth Y-o-Y, moreover several companies and research institutes are developing these displays for various applications. In 2021, Industrial Technology Research Institute (ITRI) has developed a transparent display surgical navigation system that can reduce the risk of surgery. This system provides high accuracy direct view type virtual-real fusion image information to meet the needs of preoperative communication and intraoperative navigation. In addition this can also be used in medical teaching and smart surgery in the future. Similarly, Companies such as LG, Planar and other are providing digital signage and display technology for the healthcare industry ranges across applications in hospitals and medical offices abound. Hence these global trends are analyzed to create demand for Transparent Display industry in the forecast period 2021-2026.

Transparent Display Market Segment Analysis - By Geography

Transparent Display market in APAC region held significant market share of 39.2% in 2020, due to the increase in demand for transparent displays in various end users, such as automotive, Electronics, healthcare and so on is driving the market growth. In addition, high demand for transparent display panels in South Korea, China, and Japan is a major contributor to the growth of the market. The presence of display panel manufacturers gives it a prime benefit of adopting the latest technology-based display devices, which provides ample opportunities to the transparent display market. In 2019, LG Electronics Inc. completed the construction of its new transparent OLED screen production plant in China. This would extensively increase the production of transparent OLED screens, in display sizes of 55 inches and above, by 60,000 units per month. In 2020, Chinese electronics company Xiaomi has launched Mi TV LUX an edge-to-edge transparent display. Hence these factors are analyzed to drive the transparent display industry outlook.

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Transparent Display Market Drivers

Growing number of product launches with advancements is analyzed to drive the market.

Transparent displays are expected to change the way of using displays as this technology helps in displaying or transferring information. Many companies are investing in huge amount in R&D activities of transparent display technology. For instance, Samsung to launch a new triple foldable tablet and a transparent display phone in 2021. Similarly in 2021, Crystal Display Systems are planning to introduce the curved transparent liquid crystal display for retail displays that really give that unique edge that stand out from the usual displays. Japanese scientists invented intelligent glasses that remembers the place where people saw their keys, mobiles, and other things for the last time. Moreover, emergence of virtual reality devices compatible with smartphones supplements growth of this market. Furthermore, increasing awareness and adoption of advanced technologies are the factors that drive transparent display market share in the forecast period 2021-2026.

Miniaturization of Electronic Devices Drives the Need and Development of Transparent Display Technologies

These days, advanced technologies are growing faster where in each technology is renewed with implementation of new one. The transparent display came to solve major problems related to the device miniaturization. This lack of space on screen-based displays provide an opportunity for the development of transparent displays. The growth in transparent display market can be attributed to presence of major manufacturers and increasing R&D investments towards technology and product development by research universities and major manufacturers.  In 2019, Samsung has announced to invest $11 Billion into Next-Generation Displays. Similarly LG has committed to invest heavily for the development of this technology. Hence these investments are analyzed to provide opportunities for the Transparent Display market in the forecast period 2021-2026.

Transparent Display Market Challenges

High Capital Investment Required for the Development of Transparent Displays

Although Transparent Display market is analyzed to grow at a significant rate, the high initial investments required for the R&D of this technology is set to hamper the growth of the market. The competitive display technology segment, new functionalities will increase the cost of development of the products related to this technology. On the other hand most of the technologies required for the outward of transparent display are in development stage only. The high initial investments and slow development process will hinder the Transparent Display market size in the forecast period.

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Transparent Display Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Transparent Display market. Transparent Display top 10 companies include Apple, Inc., AU Optronics Corp., Google, Inc., LG Electronics, Samsung Electronics, UDC Corp., Panasonic Corp., Sony Corp, Pioneer and Philips Corp. among others.

Acquisitions/Product Launches

In 2020, Panasonic has released 55-inch transparent OLED display module. The new Panasonic product uses a self-illuminating transparent OLED display panel that does not require a backlight.

In 2020, LG has partnered with Assa Abloy to supply transparent OLED automatic doors.

For more Electronics related reports, please click here

[maharghaideovate]

Digital Advertising and Paid Campaign Strategies: Symbiosis Marketing Specialization

Digital advertising has changed the marketing landscape. The Symbiosis Distance Learning Center challenges its students by providing industry-leveraged skills: three top subjects PPC advertising, retargeting, and native advertising. Let's see how the next generation of marketers is trained to make all the difference with digital ad campaigns.

PPC Advertising: Mastering the Art of Paid Search

Pay-per-click advertising is the heart of most digital marketing strategies. MBA Degree students learn at Symbiosis Distance Learning how to:

· "Do Keyword Research: Use tools like Google Keyword Planner to identify those money words."

· "Craft Compelling Ad Copy: Pick the right words to put in ads to catch attention and drive clicks within character limits."

· "Optimize Landing Pages: Design pages that convert clicks into payers."

· "Manage Bids: How to max out ROI while balancing cost-per-click and budget constraints."

Hands-on training on PPC.

The theory doesn't interest students of Symbiosis Correspondence Courses. Hands-on experience: Simulated Campaigns: Simulating actual Google Ads campaigns with real-time constraints.

· A/B Testing: Testing variations for ads to enhance performance.

· Budget Management: Allocation of funds across campaigns and ad groups.

· Performance Analysis: The help of Google Analytics measures campaign performance and points out the areas of improvement.

By the end of the course, one can set up, manage, and optimize multiple platform PPC campaigns with confidence.

Retargeting: Bringing Customers Back

Retargeting is a lovely way to re-engage potential customers. Symbiosis students learn about:

· Pixel Setup: Installation of tracking codes on sites for the creation of lists of audiences

· Audience Segmentation: Targeted list of users based on behavioral and demographic parameters

· Cross-platform Retargeting: Reaching of users across various devices and platforms.

· Creativity in Solutions: Developing ads for specific user behavior and interest

Practical Retargeting Projects

As a culmination of the acquired knowledge, the students work on practical projects in the following way:

· E-commerce Retargeting: Developing campaigns to follow up on abandoned carts

· Content Marketing Retargeting: Developing ideas to retarget blog readers using related content

· App Install Retargeting: Developing campaigns to bring users back to mobile applications

· Frequency Cap: Approaches towards avoiding ad fatigue.

The above activities will enable the students to execute retargeting campaigns in their future jobs.

Native Advertising: Blending in to Stand Out

Native ads are a good option for reaching an audience with less intrusiveness. Symbiosis Distance Learning Center teaches students to:

· Identify native platforms--know the right channels to place native ads

· Create engaging content that delivers value to readers as part of sponsored content

· Design ads suitable to different publishing environments

· Measure native ad performance using metrics beyond clicks

Native Advertising workshops

Students are trained via workshops for native advertising skills

· Content creation: Sponsored articles that give the look and feel of publisher content

· Visual Design: Advertisements that should have the look and feel of social media sites.

· Ethical considerations: Balancing between effectiveness and transparency in native campaigns

· Publisher collaboration: Make one understand how to work with content platforms so that their ads can perform better.

These workshops ensure that the students come out with campaigns that elicit engagement from the people and are in line with what the platform allows.

All-Inclusive Campaign Development

Here, at Symbiosis, students learn how to get PPC, retargeting, native ads, and more to wean themselves to become full digital campaigns, which are

· Base Campaign Planning: Tactics that have learned how to play on the abilities of each ad type

· Budget Allocations: Distributing the available money among multiple channels offering optimal results

· Cross-Channel Messaging: Aligning the branding and message.

· Performance Monitoring: Analyzing the broader impact of using more than one ad campaign.

Capstone Project

A culmination activity of learning, the students undertake a capstone project:

· Brief Development: It includes developing an in-depth digital advertisement for a living or fictional brand.

· Strategy Formulation: Suggest a multi-channel approach that will use PPC, retargeting, and native ads.

· Campaign Implementation: Based on the strategy formulated, there will be the implementation of the same in a simulated model.

· Results Analysis: Measure performance develop recommendations and present findings.

Through this program, learners can demonstrate the ability to design and run digital ad campaigns that resonate in the real world.

Conclusion: Dynamic Experts in Digital Advertising

The Symbiosis Marketing Specialization fosters learning in PPC advertising, retargeting, and native advertising to create an impact in digital advertising. The placements take students out of classrooms and into a simulated and practicum world, ready for them to transfer knowledge and enhance skills learned through projects and the simulation of real-world models. This Symbiosis Distance Learning Center course will serve as a great backbone for businesses willing to reinforce their digital advertisement activities or aspiring marketers who want to specialize in this field.

[market-spy]

Patient Engagement Solutions Market Forecast to Grow at 17.54%  CAGR from 2024 to 2031 | SkyQuest Technology

The Global Patient Engagement Solutions Market was valued at USD 16.58 billion in 2022 and is projected to grow to USD 70 billion by 2031, with a compound annual growth rate (CAGR) of 17.54% during the forecast period (2024-2031).

Market Overview

Patient engagement solutions refer to tools like online patient portals that enable medical organizations to interact effectively with their patients. The growing awareness of mobile health technologies, an aging population, and government incentives are driving demand for these solutions. Patients increasingly use technology to monitor and manage their health, particularly in cases of chronic illnesses. Innovations in health tracking, wearable devices, and remote monitoring are further boosting this market.

Get your free sample: https://www.skyquestt.com/sample-request/patient-engagement-solutions-market

Key Market Dynamics

Drivers: The advancement of mobile apps and wearables, increased awareness of chronic disease management, and government initiatives such as the Meaningful Use Act are propelling market growth.

Restraints: Strict regulatory frameworks like HIPAA and concerns over the protection of patient data are hindering wider adoption of patient engagement solutions.

Segmental Analysis Segmental Analysis

Component

Software (Standalone Software, and Services

Therapeutic Area

Chronic Diseases, Fitness, and Others

Functionality

Telehealth, E-Prescribing, and Billing & Payments

End Users

Providers and Payers Regional Insights

North America leads the market, driven by the widespread adoption of mobile health (mHealth) and electronic health records (EHRs). Government support and significant investments also contribute to regional dominance.

Asia Pacific is the fastest-growing region, with rising demand for modern healthcare systems, an increase in smartphone users, and government initiatives supporting patient engagement solutions.

Ask for customization: https://www.skyquestt.com/speak-with-analyst/patient-engagement-solutions-market

Competitive Landscape

IBM (US) 

McKesson Corporation (US) 

Allscripts (US) 

ResMed (US) 

Epic Systems Corporation (US) 

Orion Health (New Zealand) 

GetWellNetwork (US) 

Athenahealth (US) 

Oneview Healthcare (Ireland) 

MEDITECH (US) 

Cognizant (US) 

Symphony Care (US) 

Harris Healthcare (US) 

Recent Developments

Engage Technologies Group Inc. partnered with APX Platform in April 2023 to create an industry-disrupting Practice Performance System aimed at improving patient engagement.

Athenahealth Inc. implemented its cloud-based EHR and patient engagement solution with LCH Health and Community Services in May 2023.

Go through the detailed TOC of the report: https://www.skyquestt.com/report/patient-engagement-solutions-market

Market Trends

The rise in personalized care and the adoption of mobile technology are major trends shaping the patient engagement solutions market. Mobile health apps and wearables are enabling patients to monitor and manage their health on their own, fostering higher patient engagement.

Conclusion

The patient engagement solutions market is experiencing significant growth driven by technological advancements and increasing patient awareness. Major players are competing in a rapidly evolving field, introducing innovative solutions and forming strategic partnerships to capture market share. The market is expected to expand substantially through 2031, with increasing demand for personalized healthcare solutions and remote monitoring technologies.

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh

Skyquest Technology

1 Apache Way,

Westford,

Massachusetts 01886

USA (+1) 351-333-4748

Email: sales@skyquestt.com

Visit Our Website: https://www.skyquestt.com/

[amrutatbrc1]

Sporting Goods, Hobby, Musical Instrument, and Book Stores Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

The sporting goods, hobby, musical instrument, and book stores global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Sporting Goods, Hobby, Musical Instrument, and Book Stores Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The sporting goods, hobby, musical instrument, and book stores market size has grown strongly in recent years. It will grow from $505.28 billion in 2023 to $540.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to economic conditions, e-commerce and online sales, education and entertainment, hobby enthusiasts.

The sporting goods, hobby, musical instrument, and book stores market size is expected to see strong growth in the next few years. It will grow to $695.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to health and wellness trends, diy and home improvement, aging population, event-based sales. Major trends in the forecast period include healthcare and therapy applications, innovative products, digital entertainment and learning, educational technology integration, sustainability and eco-friendliness.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The sporting goods, hobby, musical instrument, and book stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to International Monetary Fund, the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during the forecast period.

The sporting goods, hobby, musical instrument, and book stores market covered in this report is segmented –

1) By Type: Sporting Goods Stores, Hobby, Toy, Game Stores, Musical Instrument And Supplies Stores, Other Sporting Goods, Hobby, Musical Instrument, Book Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store

Get an inside scoop of the sporting goods, hobby, musical instrument, and book stores market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2183&type=smp

Regional Insights - Western Europe was the largest region in the sporting goods, hobby, musical instrument, and book stores market in 2023. Asia-Pacific was the second-largest region in the sporting goods, hobby, musical instrument, and book stores market. The regions covered in the sporting goods, hobby, musical instrument, and book stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Companies - Major companies operating in the sporting goods, hobby, musical instrument, and book stores market include Decathlon SA, Dick's Sporting Goods Inc., Frasers Group plc, BPS Direct LLC, Guitar Center Inc., Canadian Tire Corporation Limited, Recreational Equipment Inc, Sportsman's Warehouse, Hibbett Sports Inc., Thomann GmbH, Barnes & Noble Inc., Books-A-Million Inc., Half Price Books Inc., Sam Ash Music Corp., Music & Arts Center, Academy Sports + Outdoors, Cabela's Inc., Recreational Equipment Inc., Big 5 Sporting Goods Corp., Modell's Sporting Goods Inc., Dunham's Athleisure Corporation., Olympia Sports Inc., The Sportsman's Guide Inc., Tractor Supply Company, Rural King Supply Inc., At Home Group Inc., Michaels Stores Inc., Hobby Lobby Stores Inc., Jo-Ann Stores LLC, Blick Art Materials LLC, Sweetwater Sound Inc., Musician's Friend Inc., Powell's Books Inc., Strand Bookstore Inc., The Last Bookstore.

Table of Contents 1. Executive Summary 2. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Report Structure 3. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Trends And Strategies 4. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market – Macro Economic Scenario 5. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Size And Growth ….. 27. Sporting Goods, Hobby, Musical Instrument, and Book Stores Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[kapittx]

Accounts Receivable and Cash Flow Challenges in Technology and IT Services Companies

The technology and IT services industry is a dynamic and rapidly evolving sector that encompasses a wide range of services and products aimed at managing and optimizing information and business processes.

The Technology and IT Services industry is driven by several key factors that are shaping its growth and evolution. While AI is going to bring in a paradigm shift in the industry and its offering, some of the primary drivers of this industry are Digital Transformation, Cloud Computing, Big Data and Analytics, Internet of Things, Technology innovations like 5G, Blockchain, SaaS etc.

Technology and IT Industry Segments : 

1. Software Companies

Independent Software Vendors (ISVs): These companies develop and sell custom made software solutions that can be used by different  industries.

Software as a Service (SaaS): These companies provide software applications over the internet and have high dependence on subscription management.

2. IT Services Companies

System Integrators or Value Added Resellers: These firms are solution providers and play the role of an aggregator by incorporating various hardware and software offerings from OEMs  as part of their solution.

Managed Service Providers (MSPs): These companies manage a customer’s IT infrastructure and end-user systems on a proactive basis.

IT Consulting Services: These firms offer expert advice to help organizations assess and implement advanced IT solutions.

3. Cloud Solutions Providers

Infrastructure as a Service (IaaS): These companies provide virtualized computing resources over the internet.

Platform as a Service (PaaS): For application development, hardware and software tools over the internet are the primary focus of PaaS providers

4. Tech Product Companies

Hardware Manufacturers: These companies produce physical devices such as computers, smartphones, and networking equipment.

Semiconductor Companies: These firms design and manufacture semiconductor chips used in electronic devices.

5. Cybersecurity Providers

These companies offer products and services to protect systems, networks, and data from cyber attacks.

6. Data Center Providers

These companies offer facilities and services for housing and managing data storage systems.

7. Telecommunication Companies

These firms provide communication services such as internet, phone, and television.

8. E-commerce Companies

These companies operate online platforms for buying and selling goods and services.

9. Tech Infrastructure Companies

These companies provide the systems and facilities that enable web-based communications and commerce.

10. Tech Service Companies

These companies offer experienced and technical personnel to help businesses leverage technology.

Irrespective of the segment you operate, in the dynamic landscape of Technology and IT services sector, accounts receivable management and ensuring smooth cash flow are critical for sustaining growth and operational efficiency. However, these companies often face significant challenges that can impede their financial health. This blog post delves into the primary reasons behind accounts receivable challenges and offers insights into how they can be addressed to reduce DSO and increase cash flow.

1. High Days Sales Outstanding (DSO)

One of the most pressing issues is the high Days Sales Outstanding (DSO), which measures the average number of days it takes for a company to collect payment after a sale. A high DSO means the time taken by customers to pay the invoices is longer and exceeding the credit perion offered.  This can severely impact cash flow and several factors contribute to this:

Complex Billing Cycles: Technology and IT services often involve complex billing structures, including milestone-based payments, subscription management models, and time-and-materials contracts. These complexities can contribute to the delays in invoicing and collections.

Client Negotiations: Clients, especially large enterprises, may negotiate extended payment terms, further elongating the DSO.

2. Inefficient Accounts Receivable Processes

Inefficient accounts receivable processes can lead to delays and errors in invoicing and payment collection. Common inefficiencies include:

Manual Processes: Reliance on manual processes for invoicing and payment tracking can result in errors and delays. 

Lack of Automation: Without automation, accounts receivable teams spend excessive time on routine tasks, leaving less time for strategic activities like follow-ups and dispute resolution.

3. Disorganized Ledger Management

Disorganized ledger management can cause significant issues in tracking and reconciling payments. This disorganization can stem from:

Inconsistent Record-Keeping: Inconsistent or inaccurate record-keeping can lead to discrepancies between the amounts billed and the amounts received.

Poor Communication: Lack of communication between departments can result in incomplete or incorrect information being recorded in the ledger.

4. Customer Disputes and Payment Delays

Customer disputes over invoices can lead to payment delays and strained relationships. Common causes of disputes include:

Billing Errors: Errors in invoices, such as incorrect amounts or missing details, can contribute to payment delays and disputes.

Service Issues: Disputes may also arise from perceived issues with the services provided, leading customers to withhold payment until the issues are resolved.

5. Economic Uncertainty

Economic uncertainty can exacerbate AR and cash flow challenges. Factors contributing to this include:

Market Volatility: Economic downturns or market volatility can lead to reduced spending by clients, resulting in delayed or missed payments.

Budget Constraints: Clients facing their own financial challenges may delay payments to manage their cash flow, impacting the AR of technology and IT services companies.

6. Regulatory Compliance

Compliance with various regulations can add complexity to the AR process. For example:

Data Privacy Regulations: Ensuring compliance with data privacy regulations like GDPR and CCPA can require additional resources and processes, potentially slowing down AR activities.

Financial Reporting Standards: Adhering to financial reporting standards can necessitate detailed documentation and verification, adding to the administrative burden.

7. Supply Chain Disruptions

Supply chain disruptions can impact the delivery of products and services, leading to delays in invoicing and payment collection. These disruptions can be caused by:

Geopolitical Tensions: Geopolitical tensions can disrupt supply chains, leading to delays in project completion and invoicing.

Raw Material Shortages: Shortages of essential raw materials can delay production and delivery, impacting the timing of invoicing and payment collection.

8. Technological Challenges

While technology is a key enabler for IT services companies, it can also pose challenges:

Integration Issues: Integrating new technologies with existing systems can be complex and time-consuming, potentially leading to delays in AR processes.

Cybersecurity Threats: Cybersecurity threats can disrupt operations and lead to delays in invoicing and payment collection.

Addressing the Challenges

1. Implement AI Powered Accounts Receivable Automation

Automating accounts receivable processes can significantly improve efficiency and accuracy. Automation tools can handle routine tasks like invoicing, payment tracking, and reminders, freeing up AR teams to focus on strategic activities. Automation can also reduce errors and speed up the payment collection process.

2. Enhance Communication and Collaboration

Improving communication and collaboration between departments can help ensure accurate and consistent record-keeping. Regular meetings and updates can help identify and resolve issues quickly, reducing the risk of disputes and delays.

3. Adopt Advanced Analytics

Leveraging advanced analytics can provide valuable insights into payment behaviors, customer creditworthiness, and collection effectiveness. Predictive analytics can help forecast cash inflows and identify high-risk accounts, enabling proactive management of AR.

4. Strengthen Customer Relationships

Building strong relationships with customers can help reduce disputes and payment delays. Regular communication and prompt resolution of issues can enhance customer satisfaction and encourage timely payments.

5. Optimize Billing Processes

Streamlining billing processes can help reduce errors and delays. This can include adopting standardized billing templates, conducting regular audits, and ensuring timely and accurate invoicing.

6. Monitor Economic Trends

Keeping a close eye on economic trends can help companies anticipate and prepare for potential challenges. This can include diversifying the customer base, offering flexible payment terms, and maintaining a healthy cash reserve.

7. Invest in Technology

Investing in technology can help address integration and cybersecurity challenges. This can include adopting cloud-based solutions, implementing robust cybersecurity measures, and ensuring seamless integration of new technologies with existing systems.

Conclusion

Accounts receivable and cash flow challenges are significant hurdles for technology and IT services companies. However, by adopting strategic measures such as AI powered accounts receivable automation, advanced analytics, and improved communication, these companies can overcome these challenges and ensure sustained growth and financial stability. At Kapittx, we are committed to helping businesses streamline their AR processes and optimize cash flow through innovative AI-powered accounts receivable solutions. By addressing these challenges head-on, companies can focus on what they do best – delivering cutting-edge technology and IT services to their clients.

[luxurydistribution]

The Rise of Luxury Brands Drop shipping: A New Era in E-Commerce

In recent years, the e-commerce landscape has witnessed an evolution that is transforming the way luxury brands reach their consumers. One of the most intriguing developments is the rise of luxury brands drop shipping. This innovative business model is redefining traditional retail and offering a fresh avenue for both established luxury brands and aspiring entrepreneurs.

Understanding Drop shipping in the Luxury Sector

Drop shipping, a model where retailers sell products without holding any inventory, has been a staple in the e-commerce industry. However, its application to luxury brands introduces a new dynamic. Traditionally, luxury brands have maintained strict control over their distribution channels to preserve exclusivity and brand image. The idea of luxury brand drop shipping, where products are shipped directly from suppliers to customers without passing through the retailer's hands, seemed at odds with this exclusivity. Yet, the luxury sector is embracing this model for several compelling reasons.

Benefits for Luxury Brands

Wider Reach without Inventory Risks: Drop shipping allows luxury brands to expand their market reach without the financial burden of managing large inventories. This model is particularly advantageous for smaller luxury brands or new entrants looking to test new markets without substantial upfront investments.

Cost Efficiency: By eliminating the need for warehousing and managing inventory, luxury brands can reduce overhead costs. This cost-saving can be reinvested into marketing and enhancing customer experiences, which are crucial in the luxury sector.

Flexibility and Scalability: Drop shipping provides luxury brands with the flexibility to offer a broader range of products and adapt quickly to market trends. Brands can test new products or styles with minimal risk, scaling their offerings based on customer demand.

Enhanced Customer Experience: Luxury brands can leverage drop shipping to offer a seamless shopping experience. High-quality packaging, expedited shipping options, and personalized customer service can still be maintained, preserving the luxury appeal while benefiting from the operational efficiencies of drop shipping.

Challenges and Considerations

Despite its advantages, luxury brands drop shipping does come with its challenges:

Maintaining Brand Integrity: Ensuring that the luxury brand’s image and quality standards are upheld throughout the drop shipping process is critical. Brands need to work closely with reliable suppliers who understand and respect their commitment to excellence.

Customer Service Expectations: Luxury consumers have high expectations for customer service. Brands must ensure that their drop shipping partners are capable of delivering a high level of customer service, including handling returns and providing accurate information about products.

Control over Supply Chain: Drop shipping can sometimes lead to less control over the supply chain. Luxury brands need to carefully vet their suppliers to ensure that product quality and delivery standards are consistently met.

Success Stories and Case Studies

Several luxury brands and start-ups have successfully implemented drop shipping, demonstrating its potential. For example, some niche luxury fashion brands have used drop shipping to offer limited-edition items or exclusive collections, catering to specific customer segments without the risk of overstock.

Additionally, high-end accessory brands have employed drop shipping to streamline their product launches and test new markets. By doing so, they’ve been able to gauge customer interest and adjust their strategies in real time, all while maintaining the allure and exclusivity of their products.

The Future of Luxury Brands Drop shipping

As e-commerce continues to grow, the intersection of luxury brands and drop shipping is likely to become more prominent. Brands that can effectively navigate the challenges while leveraging the benefits of drop shipping will be well-positioned to thrive in the evolving market. This model offers an exciting opportunity for luxury brands to expand their reach, enhance operational efficiency, and cater to a global audience with greater flexibility.

Luxury brands drop shipping represents a significant shift in the retail landscape, blending the exclusivity of luxury with the efficiency of modern e-commerce practices. As more luxury brands drop shipping  explore this model, we can expect to see innovative approaches and new success stories emerging, shaping the future of how luxury goods are marketed and sold.

[kathansky]

Global Animal Health Market: Size, Share, Growth, Industry Trends | 2024-2031

Leading market research firm SkyQuest Technology Group recently released a study titled 'Animal Health Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2031,' This study Animal Health report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Animal Health Market extensively demonstrates existing and upcoming opportunities, profitability, revenue growth rates, pricing, and scenarios for recent industry analysis.

The research analysis on the global Animal Health Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Animal Health Market circumstances in the forecast period between 2024 and 2031. The global Animal Health Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements. Market Growth The Animal Health Market has experienced robust growth over the past decade and is projected to continue expanding. Global Animal Health Market size was valued at USD 58.28 billion in 2022 and is poised to grow from USD 63 billion in 2023 to USD 117.48 billion by 2031, at a CAGR of 8.1% over the forecast period (2024- 2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.

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Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR): The Animal Health Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.

Animal Type

Production Animals (Poultry, Swine, Cattle, Sheep & Goats, Fish), Companion Animal (Dog, Cat, Horse, Others)

Product

Biologics (Vaccines [Modified/ Attenuated Live,Inactivated(Killed), Other Vaccines], Other Biologics), Pharmaceuticals (Parasiticides, Anti-Infectives, Anti -Inflammatory, Analgesics, other), Medicinal Feed Additives, Diagnostics (Consumables, Reagents and Kits,Instruments and Devices), Equipment & Disposables (Critical care Consumables, Anesthesia equipment, Temprature Management Equipment, Rescue & Resuscitation Equipment, Research Equipment, Patient Monitoring Equipment), Others (Veterinary Telehealth, Veterinary Software, Livestock Monitoring)

Distribution Channel

Retail, E-Commerce, Hospital/Clinic Pharmacy

End Use

Veterinary Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics and Others

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Following are the players analyzed in the report:

Zoetis Inc. 

Merck Animal Health 

Elanco Animal Health 

Boehringer Ingelheim Animal Health 

Bayer Animal Health 

Virbac 

Ceva Santé Animale 

IDEXX Laboratories, Inc. 

Vetoquinol S.A. 

Dechra Pharmaceuticals PLC 

Neogen Corporation 

Phibro Animal Health Corporation 

Kindred Biosciences, Inc. 

Norbrook Holdings Limited 

Heska Corporation 

Nutreco N.V. 

AniCura AB 

PetIQ, Inc. 

Idexx Laboratories 

Petmed Express, Inc.

Regional Analysis 1. North America: - The United States and Canada dominate the North American Animal Health Market. The U.S. is the largest market globally, driven by advanced global infrastructure, high R&D investments, and significant Animal Health consumption. 2. Europe: - Europe is a significant player, with major Animal Health Markets in Germany, France, and the United Kingdom. The region benefits from strong regulatory frameworks, high industry standards, and a robust R&D sector. 3. Asia-Pacific: - This region is experiencing rapid growth, with countries like China and India leading the charge. Factors such as increasing industry access, growing middle-class populations, and expanding Animal Health manufacturing capabilities contribute to this growth. 4. Latin America: - Brazil and Mexico are key markets in Latin America. Growth in this region is driven by rising industry needs, increasing investments in industry infrastructure, and a growing demand for affordable medications. 5. Middle East and Africa: - The Animal Health Market in this region is expanding due to rising market spending, increased prevalence of diseases, and improvements in Market infrastructure, although the market is relatively smaller compared to other regions. Future Outlook The Animal Health Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development.

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[market-insider]

Cricket Apparel and Equipment: Market Opportunities and Challenges

The global cricket apparel and equipment market size is estimated to reach USD 2.39 billion in 2030, expanding at a CAGR of 3.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is driven by the increasing popularity of the sport beyond its traditional strongholds in countries like India, Australia, England, and Pakistan. Emerging markets such as the United States, Canada, and countries in Europe and Asia are witnessing a surge in participation. This increase is fueled by growing immigrant populations from cricket-playing nations and local initiatives to promote the sport, thus, driving the demand for cricket apparel & equipment.

Municipalities, sports authorities, and private entities are constructing new cricket grounds, upgrading existing facilities, and building dedicated training academies. These developments not only support professional leagues and international competitions but also encourage grassroots participation and talent development. The availability of well-maintained cricket grounds and training facilities enhances the overall cricketing experience, driving demand for high-quality apparel and equipment among players of all ages.

The emergence and global success of T20 cricket leagues, such as the Indian Premier League (IPL) and Big Bash League (BBL), have transformed the sport's landscape. T20 cricket's fast-paced format and entertainment value have attracted a new generation of fans and players. This format's popularity has spurred demand for specialized equipment designed for shorter matches, including lightweight bats for aggressive stroke play and specialized clothing that enhances agility and comfort during intense gameplay.

Furthermore, The proliferation of e-commerce platforms has expanded the accessibility of cricket apparel and equipment globally. Consumers can now purchase a wide range of products online, benefiting from competitive pricing, product reviews, and convenience. Traditional retail outlets, including sporting goods stores and specialty cricket shops, continue to play a vital role in showcasing and distributing cricket gear. This omni-channel approach enhances market reach and customer engagement, driving down the sales of cricket apparel & equipment during the forecast period.

Major players in the market include Adidas AG; Nike, Inc.; Puma SE; Gray-Nicolls Sports Ltd.; Gunn & Moore Limited; Kookaburra Sport Pty Ltd.; Sanspareils Greenlands (SG); Slazenger Limited; Spartan Sports International; Sareen Sports Industries (SS). Manufacturers are leveraging advanced materials such as carbon fiber, titanium, and composite blends to produce bats that offer superior power and control. Protective gear such as helmets, pads, and gloves incorporate lightweight yet durable materials to ensure optimal protection without compromising mobility. These technological advancements cater to the needs of professional cricketers as well as amateur players seeking to improve their game.

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Cricket Apparel And Equipment Market Report Highlights

North America is expected to grow with the fastest CAGR of 14.8% over the forecast period from 2024 to 2030. Cricket's integration into mainstream sports culture in North America is gradually expanding its appeal beyond traditional cricket-playing communities. As an alternative sport to baseball and basketball, cricket attracts a diverse audience interested in exploring new athletic pursuits

Based on product, cricket apparel is expected to grow with a CAGR of 3.4% over the forecast period. The increasing global participation in cricket, growing popularity of T20 leagues, and the influence of major international tournaments, which boost demand for licensed and commemorative merchandise

Based on end use, the recreational segment is expected to grow with the fastest CAGR of 4.3% from 2024 to 2030. The rising popularity of cricket among amateurs, and the increased participation in local leagues by individuals are expected to augment the demand and growth for cricket apparel & equipment

Based on distribution channel, sales through sporting goods stores accounted for the largest share of the market in 2023. These stores often carry products from leading cricket brands as well as emerging ones, providing consumers with options to choose from various brands known for their quality and innovation in cricket gear

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We have segmented the global cricket apparel and equipment market on the basis of product, end use, distribution channel, and region.

[omshinde5145]

AI-Based Predictive Maintenance Market Size, Share Analysis, Key Companies, and Forecast To 2030

The Global AI-Based Predictive Maintenance Market is poised for significant growth as industries across the board increasingly adopt advanced technologies to enhance operational efficiency, reduce downtime, and cut maintenance costs. the AI-based predictive maintenance market size is expected to grow from USD 9.2 billion in 2023-e to USD 60.2 billion by 2030, at a CAGR of 34.4% during the forecast period (2024-2030).

The AI-based predictive maintenance market is driven by the expansion of the healthcare industry and advanced medical care. The significance of predictive maintenance in enhancing productivity within factories cannot be overstated. The widespread adoption of predictive maintenance solutions is rapidly gaining traction across both large enterprises and small to medium-sized enterprises (SMEs). This surge in adoption can be attributed to a myriad of advantages, such as diminished downtime, prolonged equipment lifespan, heightened plant safety, optimized maintenance schedules, diminished maintenance costs, and an enhanced yield rate002E

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Key Drivers of Growth:

Advancements in AI and Machine Learning: The integration of cutting-edge AI and machine learning algorithms enables the analysis of vast amounts of data generated by machinery. These technologies predict equipment failures before they occur, allowing for timely interventions and preventing costly downtime.

Rising Adoption Across Industries: Sectors such as manufacturing, energy, transportation, and healthcare are increasingly recognizing the benefits of predictive maintenance. For instance, in manufacturing, predictive maintenance helps in extending the life of machinery, ensuring smoother operations and higher productivity.

Cost Efficiency and ROI: Implementing AI-based predictive maintenance systems has proven to be cost-effective in the long run. Companies are experiencing substantial returns on investment through reduced maintenance costs, minimized unplanned outages, and optimized resource allocation.

IoT and Sensor Technologies: The proliferation of Internet of Things (IoT) devices and advanced sensor technologies is fueling the growth of the predictive maintenance market. These devices collect real-time data, which, when analyzed using AI, provides actionable insights into the health and performance of equipment.

Market Segmentation and Key Players:

The AI-Based Predictive Maintenance market is segmented by component, deployment mode, end-user, and geography. Key players in the market include IBM Corporation, Microsoft Corporation, SAP SE, General Electric, and Siemens AG, among others. These companies are investing heavily in research and development to enhance their predictive maintenance solutions and expand their market presence.

Regional Insights:

North America currently leads the market, driven by the early adoption of advanced technologies and the presence of key market players. However, the Asia-Pacific region is expected to witness the highest growth rate due to rapid industrialization, growing adoption of IoT, and increasing investments in AI technologies.

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Future Outlook:

The future of AI-based predictive maintenance is bright, with ongoing advancements in AI, IoT, and data analytics. Companies that embrace these technologies stand to gain a competitive edge by optimizing their maintenance strategies, improving operational efficiency, and reducing overall costs.

About Us:

Intent Market Research (IMR) is designed to offer unique market insights, with a core focus on sustainable and inclusive growth of our clients. We offer comprehensive market research reports and consulting services to help our clients to take data driven business decisions.

Our market intelligence reports offer fact-based and relevant insights across range of industries including chemicals & materials, healthcare, food & beverage, automotive & transportation, energy & power, packaging, industrial equipment, building & construction, aerospace & defence, semiconductor & electronics to name few.

Our approach is deeply collaborative, working closely with clients to drive transformative change that benefits all stakeholders and have positive impacts. With a strong emphasis on innovation, we’re here to help businesses grow, build sustainable advantages, and bring remarkable changes.

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[strangemusictriumph]

Caffeine Market - Forecast ( 2022-2027)

The Caffeine Market size is estimated to reach $23.3 billion by 2027 and it is poised to grow at a CAGR of 7.2% over the forecast period of 2022-2027. Caffeine's expanding uses in numerous end-use industries, such as cosmetics and food and beverages, are likely to boost caffeine industry demand. And increased caffeine consumption to treat diseases such as colon, liver and colorectal cancers is fueling the caffeine market size. Caffeine is a white crystalline powder that is extracted from plants. It is known as a drug that stimulates the nervous system in the pharmaceutical industry. Caffeine levels in cocoa beans range from 0.1 to 0.7 percent. Caffeine can also be found in small levels in the skin that surrounds cocoa beans. Caffeine derivatives made from synthetic sources are known as synthesized caffeine. Unlike natural caffeine, which is derived from coffee, tea, cocoa leaves and other natural sources, synthetic caffeine is created in a laboratory using a variety of chemical components. Urea and cyanoacetic acid are the major synthetic substances that are utilized to make synthetic caffeine. 

Caffeine Market Report Coverage

The “Caffeine Market Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Caffeine Market.

By Type - Natural Caffeine and Synthesized Caffeine.

By End-user - Food & Beverages, Pharmaceuticals, Flavors & Fragrances, Skin Care Products and Others.

by Distribution Channel - Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores, E-commerce, and Others.

By Geography - North America (the U.S., Canada and Mexico), Europe (Germany, United Kingdom (UK), France, Italy, Spain, Russia and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of the World (the Middle East and Africa).

Key Takeaways

Individuals' increasing intake of caffeinated beverages is a crucial driver driving the global caffeine industry forward.

Furthermore, rising health awareness and increased participation in sports and physical activities are driving global market size.

Caffeine's expanding uses in numerous end-use industries, such as cosmetics and food and beverages, are likely to boost caffeine industry demand.

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Caffeine Market Segmentation Analysis - by Type

The Caffeine Market based on type can be further segmented into Natural Caffeine & Synthesized Caffeine. The Natural Caffeine segment held a dominant market share in the year 2021. Natural coffee is in high demand owing to the numerous health benefits it provides. For instance, it's high in antioxidants like polyphenols, flavonoids and catechins. It acts by preventing adenosine receptors in the brain from functioning. This prevents the brain from recognizing that it is weary, which is why caffeine is so good at combating tiredness and assisting in staying awake. However, Synthetic caffeine is poised to be the fastest-growing, with a CAGR of 8.4% over the forecast period of 2022-2027. The demand for the product is being driven by rising consumer preferences for instant energy drinks. Moreover, Synthetic caffeine is high in antioxidants and is predicted to gain popularity in the near future as people's reliance on rapid energy items grows.

Caffeine Market Segmentation Analysis- by End User

The Caffeine Market based on type can be further segmented into Food & Beverages, Pharmaceuticals, Flavors & Fragrances, Skin Care Products and Others. The Food & Beverages segment held a dominant market share in the year 2021. This is mainly attributed to rising consumer demand for caffeinated beverages such as tea, coffee and soft drinks. However, Flavors & Fragrances is poised to be the fastest-growing, with a CAGR of 9.5% over the forecast period of 2022-2027 owing to the rising popularity of caffeine in fragrances among customers. Caffeine flavor and fragrance compounds come in a variety of forms, including synthetic substances as well as coffee extract. Caffeine is a popular scented candle scent and it's even been utilized to generate muskier undertones in a number of perfumes and colognes. Caffeine energizing properties have made it popular as a room deodorizer and it has also been employed in a variety of "novelty" fragrance items.

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Caffeine Market Segmentation Analysis - by Geography

Based on Geography the Caffeine market can be divided into North America, Europe, Asia-Pacific, South America and the Rest of the World based on geography. Asia-Pacific held a dominant market share of 31% in 2021 owing to the focus of cosmetic manufacturers in the region on launching products with natural ingredients. However, owing to the rising consumption of caffeinated beverages in the region, the North American caffeine market is likely to rise at a substantial rate during the forecast period. Furthermore, caffeine is a common element in weight-loss products. As a result, increased obesity rates in the region will increase caffeine demand over the projection period. Obesity is predicted to increase national healthcare costs in the U.S. by US$149 billion a year, according to the Trust for America's Health, a Washington, D.C.-based health policy organization.

Caffeine Market Drivers 

Growing Demand for Caffeine-Based Nutritional Drinks is Boosting the Market Growth

Coffee consumption has risen throughout South and East Asia and this expanding market is likely to fuel the caffeine industry. In most Asia Pacific countries, including China and India, busy lifestyles and longer working hours have contributed to an increase in caffeine use to combat drowsiness and exhaustion. For instance, according to ICO’s annual report published in 2019, coffee consumption in South and East Asia has grown at a pace of 6 percent in the last 25 years. According to the USDA, around 80% of adults in the United States consume caffeine on a daily basis each year. Moreover, key manufacturers in the industry are developing new caffeinated goods in response to increased demand for organic meals thus enhancing caffeine market share.

Caffeine's Increasing Use in Pharmaceutical and Personal Care Industries is Propelling the Caffeine Market Size Forward

Caffeine is extensively used throughout the pharmaceutical and personal care industries as an ingredient. Increased usage of coffee-flavored personal care products is expected to boost the caffeine market demand. For example, according to L'Oreal S.A.'s quarterly report released in April 2020, skincare-focused brands including Kiehl's, Lancôme and Helena Rubinstein beat the company's other luxury brands in the first quarter of 2020. The personal care brand caffeine is mostly based on cocoa beans. It has already reached cult status in the Indian D2C beauty market, having sold over 10 million goods. The business is no stranger to the 'world's first club,' which debuted the world's first coffee bean-shaped bathing bar in late 2020 (patent pending in India). As a result of skincare firms focusing on personal hygiene and cleansing products, demand for cosmetic chemicals like caffeine is predicted to rise.

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Caffeine Market Challenges

The Detrimental Effects of Excessive Caffeine Consumption are Impeding Caffeine Market Share.

Over consumption of caffeine causes negative effects such as restlessness, insomnia, headaches, dizziness, dehydration and anxiety. These adverse effects prompted customers to seek out healthier caffeinated substitutes. Ginseng, pomegranate juice, maca, baobab and reishi are just a few of the caffeine substitutes. The FDA has found that 400 mg per day roughly 4 or 5 cups of coffee is not typically associated with dangerous or damaging effects in healthy people, but that exceeding this amount can have harmful implications. According to Mayoclinic, The US Food and Drug Administration has warned that caffeine in powder or liquid form can contain hazardous quantities of caffeine. Each teaspoon of caffeine powder is about the same as 28 cups of coffee. Furthermore, food ingredients industry players are focusing on creating items that may replace caffeine in food products, which is projected to limit caffeine market growth.

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Caffeine Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Caffeine Market. The top 10 Caffeine Market companies are-

BASF SE

CSPC Pharmaceutical Group Limited

Shandong Xinhua Pharmaceutical Co Ltd.

Aarti Healthcare Ltd.

Jilin Shulan Synthetic Pharmaceutical Co Ltd.

Kudos Chemie Limited

Spectrum Chemical Mfg. Corp.

Tianjin Zhong'an Pharmaceutical Co. Ltd.

Taj Pharmaceuticals Ltd.

Bakul Group

Recent Developments

In September 2019, Bawls Acquisition LLC (a soft drink manufacturing firm based in the United States) added BAWLS Guarana's Cherry Cola to its premium line of highly caffeinated sodas. BAWLS Guarana's current collection of caffeinated sodas includes Orange, Cherry, Root Beer, BAWLS Zero and Ginger, among others.

In August 2019, Atomo Coffee Inc. revealed that it has received US$ 2.6 million in funding to produce the world's first molecular coffee made without the use of beans. By reverse-engineering coffee beans, the startup hopes to halt deforestation.

In March 2019, the Coca-Cola Company released Coca-Cola Energy, an energy drink. In Hungary and Spain, the product was released. Caffeine was derived from natural sources, such as vitamin B and guarana extracts, in this energy drink.

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[prajwal-agale001]

Europe Sausage Casings Market Forecast to Reach $2.72 Billion Amid Rising Meat and Vegan Trends

According to a recent report by Meticulous Research®, the Europe sausage casings market is projected to grow steadily, reaching a market value of $2.72 billion by 2030 with a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030. This growth is largely driven by the rising preference for artificial casings among sausage manufacturers, increased meat production and consumption across Europe, and the growing popularity of ready-to-eat and ready-to-cook food products.

However, the market faces challenges due to the complexities involved in using natural sausage casings. The rise of vegetarian sausage casings presents significant growth opportunities, though concerns surrounding animal diseases and health risks remain a key challenge for market expansion.

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Key Market Players

Leading companies in the Europe sausage casings market include:

Viscofan, S.A. (Spain)

Devro Plc (U.K.)

Selo B.V. (Netherlands)

DAT-Schaub Group (Denmark)

ViskoTeepak Holding Ab Ltd (Finland)

Amjadi GmbH (Germany)

Peter Gelhard Naturdärme KG (Germany)

Fibran Group (Spain)

Viskase Companies, Inc. (U.S.)

FABIOS S.A. (Poland)

Kalle GmbH (Germany)

CDS Hackner GmbH (Germany)

Oversea Casing Company (U.S.)

Nutra Produkte AG (Switzerland)

CTH BV (Netherlands)

Strobel GmbH & Co. KG Boyauderie Sarroise (Germany)

MCJ Casings (U.K.)

Irish Casing Company (Ireland)

Market Segmentation

The report provides comprehensive insights into market segmentation, historical data from 2021 and 2022, current estimates for 2023, and future forecasts through 2030. Key segments include:

By Type: The market is split between artificial and natural sausage casings. Artificial casings, fueled by rising demand for processed meats and plant-based alternatives, are expected to dominate in 2023 and show the highest growth rate through 2030, due to their consistency, cost-effectiveness, and suitability for vegetarian products.

By Application: The animal-based sausage segment will continue to hold a larger market share in 2023, driven by high meat consumption, urbanization, and the popularity of collagen casings. However, the plant-based sausage segment is poised to witness the highest CAGR, reflecting increased interest in vegetarian alternatives.

By Distribution Channel: Offline sales channels, including modern grocery stores, are projected to lead the market in 2023 due to consumer preference for in-store experiences. Nevertheless, online sales are expected to grow at the fastest pace as e-commerce gains traction.

By End User: Food-processing companies are anticipated to maintain the largest market share in 2023, propelled by increased demand for processed sausages. Automation and production efficiency in sausage manufacturing are further driving demand. Meanwhile, food service providers are expected to experience the highest growth rate.

Geographic Insights

Among European countries, Germany is forecast to hold the largest market share in 2023 due to its robust sausage production, high per capita meat consumption, and the presence of numerous sausage manufacturers. Additionally, the country's rising demand for convenience and vegetarian food products contributes to its market leadership. The Netherlands, on the other hand, is expected to record the highest CAGR during the forecast period, driven by increasing innovation in plant-based products.

In summary, the Europe sausage casings market is set for substantial growth through 2030, with artificial casings and plant-based innovations at the forefront of this evolution. Despite challenges related to natural casings and health concerns, companies in this space have significant opportunities to capitalize on emerging trends in the food industry.

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Next-Gen Shipping: Market Forecast and Trends 2024–2030

Cargo Shipping Market Overview

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Report Coverage

The report: “Cargo Shipping Industry Outlook — Forecast (2021–2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Cargo Shipping industry.

By Type: Linear Ships, Tramp Ships.

By Cargo Type: Passenger, Liquid, Container, Dry, General, Bulk, Others.

By Vessel Type: Multi-Purpose Vessels, Dry-Bulk Carriers, Tankers, Container Vessels, Bulk Vessels, Reefer Vessels, Ro-Ro Vessels, Others.

By Vessel Cargo Capacity: <1000 TEU, 1000–4000 TEU, 4000–8000 TEU, 8000–12000 TEU, 12000–16000 TEU, 16000–20000 TEU, >20000 TEU.

By End Use Industry: Food and Beverages, Electrical & Electronics, Manufacturing, Oil & Gas, Metal and Mining, Logistics and E-commerce, Consumer Goods, Chemicals, Medical and Pharmaceutical, Others.

By Geography: North America, South America, Europe, APAC and RoW.

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Key Takeaways

Improving port infrastructures and incorporation of favourable trade agreements overtime is analyzed to significantly drive the cargo shipping market during the forecast period 2021–2026.

Tankers had accounted for the largest market share in 2020, attributed to the factors including longer sailing, involvement of lesser number of ports and many others, making it highly preferable for conducting marine transportation.

Presence of some key players such as Evergreen Marine, Yang Ming Marine Transport Corporation, Pacific International Lines and so on opting for partnerships, product launches or expansion to improve cargo shipping facilities have helped in boosting its growth within APAC region.

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Cargo Shipping Market Segment Analysis- By Vessel Type

By vessel type, the cargo shipping market is segmented into multi-purpose vessels, dry-bulk carriers, tankers, container vessels, bulk vessels, reefer vessels, ro-ro vessels and many others. Tankers had dominated the cargo shipping market with $3234.07 million tons in 2020 and are analyzed to grow at a CAGR of 3.4% during the forecast period 2021–2026. Tankers generally refers to those cargo shipping vessels used in transportation of bulks of liquids and gases, which had emerged as an ideal mode of transportation for chemicals, petrochemicals as well as gas refineries. Oil tankers, chemical tankers, gas carriers are some of the common type of tankers utilized for serving applications based on load carrying capacities for the shipping goods. Compared to other types, these vessels are capable of offering advantages be it longer sailing, involvement of lesser number of ports and so on, thus creating its higher adoption within marine transportation facilities. Factors such as economic slowdown owing to COVID-19, decarbonization measures as well as dropping oil prices are some of the threats encountering the tanker vessels across cargo shipping markets. However, with slow economic recovery post the global pandemic situation, the demand towards crude oil imports or exports are bound to surge in order to begin with various industrial or commercial operations, thereby promoting the market growth of tankers in the long run. In 2021, Shell had signed an agreement to charter crude tankers including very large crude carriers from Advantage Tankers, AET and International Seaways, powered with dual-fuel liquefied natural gas engines. Owing to capability of lowest possible methane slip and highest fuel efficiency with an average 20% less fuel consumption, this is further anticipated to mark an important step towards increasing LNG-fuelled vessels on the water by 2023.

Cargo Shipping Market Segment Analysis- By Vessel Cargo Capacity

By vessel cargo capacity, the cargo shipping market is segmented under <1000 TEU, 1000–4000 TEU, 4000–8000 TEU, 8000–12000 TEU, 12000–16000 TEU, 16000–20000 TEU and >20000 TEU. Vessel cargo capacity of 12000–16000 TEU had held the largest share in the cargo shipping market with of $3269.44 million tons in 2020, thus analyzed to grow further with a CAGR of 4.0% during 2021–2026. Neo panamax vessels with capacity (10000–14500 TEU) and ultra-large container vessels with capacity (14500 and above) have been considered under this segment. Neo panamax refers to those medium to large sized vessels, capable of carrying about 19 rows of containers with a beam of 43 m, with comparable size of Suezmax tankers, while ultra large container vessels are considered as the biggest container ships with capabilities being at least 366 meters long, 49 meters wide, draught of at least 15.2 meters, causing its dominance within the hazardous end-use markets. Due to flexibility perspective, vessels with load carrying capacity ranging from 10000 to 15000 TEU are generally capable of allowing carriers to deploy largest ships which can traverse Panama Canal, gaining popularity in transport of goods including metal ores, coal and so on. In 2020, Evergreen Line had revealed about delivering two 12000 TEU class F-type container ships, featuring an optimized hull design as well as a smart ship system. Since these containers are equipped with a main engine of 58,000 horsepower, along with preventing containers on the deck from affecting the view from the bridge as well as maximizing cargo loadability prior to its configuration, these vessels are further analyzed to create a significant impact towards the market growth of cargo vessels with 12000 TEU capacity in the long run.

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Cargo Shipping Market Segment Analysis- Geography

APAC had accounted for the largest share of $6589.12 Million Tons in 2020, analyzed to grow with a CAGR of 4.1% for the Cargo Shipping market during the forecast period 2021–2026. Growth of various end-use industries including food & beverage, consumer goods and so on, initiatives towards improving as well as incorporating new trade agreements, improving sea port infrastructures, rising technological advancements along with many others can be considered as some of the crucial factors which had attributed towards the market growth of cargo shipping across APAC region. Presence of some of the key cargo shipping companies including Evergreen Marine, Mitsui O.S.K Lines Ltd., Yang Ming Marine Transport Corporation, Pacific International Lines and others have also helped in creating a positive impact within the Asia-Pacific ocean freight shipping facilities. Partnerships, expansion, R & D investments and so on were considered as some of the key strategies adopted by the market players to drive cargo shipping services within the region. In 2020, Yang Ming Marine Transport Corporation announced about expanding its Intra-Asia service networking through extending Japan-Taiwan-South China Express (JTS) to Malaysia, Philippines and Singapore. This expansion was meant to optimize the competitiveness between Japan, Taiwan, South China as well as Southeast Asia, while improving the linkage connection of Yang Ming’s main port, Kaohsiung. Such factors are further set to create a positive impact towards adoption of these shipping services in order to facilitate sea transport in the long run.

Cargo Shipping Market Drivers

Growing initiatives towards improving port infrastructure:

Growing initiatives towards improving port infrastructures either by governmental support or shipping company investments can be analyzed as one of the major drivers impacting the growth of cargo shipping during the forecast period 2021–2026. Port infrastructure plays a crucial role in cargo shipping operations be it handling of bulks of goods, which had been creating high need towards upgrading, modernizing or constructing new ports to support growing trade businesses around the world. Increasing demand towards consumer products, crude oil and many other related commodities have been also raising the requirement of infrastructural growth of sea ports in order to help in meeting the consumer demands overtime. Factors such as adaptive secured communication, IT architecture and so on within the ports are getting introduced to benefit strategic traffic while assisting ship infrastructures, thus positively impacting the cargo shipping growth. Sea port infrastructures have been also getting upgraded with advanced handling systems capable of autonomous or semi-autonomous operation to achieve higher throughput levels. In addition, government along with various private infrastructure companies across developed as well as developing countries have started to focus towards establishing new ports, upgrade or expand the existing ones through investments as a move towards supporting growing trade volumes. In 2021, Adani Ports and Special Economic Zone (APSEZ) had revealed about completing its acquisition of Dighi Port Ltd for a value of INR 705 cr (around $97million), alongside an investment of INR 10,000 cr (around $1375 million) to upgrade the existing port into a multi-cargo port. Such measures are further set to boost the market growth of cargo shipping industry in near future.

Increasing number of trade agreements drives the market forward:

Increasing number of favourable trade agreements in a motive towards enhancing the trade business between countries can be considered as one of the major driving factors impacting the growth of cargo shipping market. Trade agreements are essential towards helping the importers or businesses access to low cost goods at reasonable prices, making it one of the crucial factors to drive better and optimum level of sea trades. Regional trade agreements have been increasing over the years towards extending geographic reach within the last five years, including significant increase in pluri lateral agreements with negotiations, as a way behind improving bilateral relations between developed as well as developing economies across the world. In 2020, various Asia-Pacific countries including China, Japan, South Korea, Australia, New Zealand, Indonesia, Malaysia, Laos, Philippines, Thailand, Myanmar, Cambodia, Brunei, Singapore and Vietnam had signed the Regional Comprehensive Economic Partnership (RCEP), making it one of the largest free-trade agreements. This trade agreement was meant to focus at lowering tariffs, increasing investment as well as streamlining customs procedures in order to facilitate free movement of goods. Such initiatives are further set to strengthen the economic integration between these member countries, while creating more growth opportunities in the cargo shipping market in the long run.

Cargo Shipping Market Challenges

Growing incidences of cargo rollover:

Growing incidences of cargo rollover due to ocean freight supply chain issues act as one of the major challenging factors restraining the market growth of cargo shipping. Cargo rollover situations arise mainly due to growing levels of demand at times of usually low volume or traditional seasonal decline in cargo flows, which tends to create shipping delays. Owing to the increase of container demand from U.S as well as Europe terminals and carriers, the Asian port hubs witnessed a rapid surge in cargo rollover in December 2020. Prior to economic shutdowns amidst the COVID-19 pandemic, there was recovering demand from U.S and Europe during the second half of 2020, resulting in creating disruption in the container shipping sector. Moreover, growing rollover incidences result towards clogging in major ports, forcing various carriers to cancel out sailing in order to catch up with the disrupted schedules. Supply chain disruptions are further poised to continue post the pandemic situation, prior to incapability of meeting increasing shipping requirements simultaneously, thus analyzed to hamper the market growth of cargo shipping services. Additionally, shift towards alternatives like air cargo transport can also adversely impact the cargo shipping prior to ocean freight supply chain disruptions as well as port clogging issues in the long run.

Cargo Shipping Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Cargo Shipping market. The key players in the Cargo Shipping market include A.P Moller-Maersk Group, CMA CGM Group, Evergreen Marine, Hapag-Lloyd, Mediterranean Shipping Company S.A (MSC), China Ocean Shipping (Group) Company (COSCO), Hamburg Sud Group, Mitsui O.S.K Lines, Ltd., Pacific International Lines (PIL) and Yang Mang Marine Transport Corporation among others.

Acquisitions/Technology Launches/Partnerships

In February 2020, a container shipping company, Hapag-Lloyd had launched a remote reefer supply chain monitoring tool, named Hapag-Lloyd LIVE. Development of this real time monitoring solution was done in order to increase transparency of cold chain by providing customers with number of data sets related to condition as well as location of their reefer containers.

In March 2019, Yang Ming announced about the launch of two ultra large container vessels, namely YM Warranty and YM Wellspring, under the 14,000 TEU capacity range. These vessels were designed with a nominal capacity of 14,220 TEU, equipped with 1000 reefer plugs, capable of reaching speeds upto 23 knots.

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Project Portfolio Management Market To Reach $12.25 Billion By 2030

The global project portfolio management market size is anticipated to reach USD 12.25 billion by 2030, registering a CAGR of 13.0% from 2023 to 2030, according to a new report by Grand View Research, Inc.  Growing trend of bring your own device (BYOD) among businesses is expected to improve employee productivity and real-time project monitoring, thereby, making it feasible to implement project portfolio management (PPM) solutions. Multi-regional businesses are fueling the demand for project portfolio management solutions to foster effective decision-making and prevent complexities. Extensive use of PPM solutions in data analytics to offer convenient services to customers at low costs in the BFSI and IT and telecom sectors is anticipated to drive the market growth.

The global rise in urbanization and digitization has made businesses to switch toward using technology driven solutions to meet the rapid pace of business growth. Emerging businesses that adopt cloud-based services, mainly in developing economies such as Asia Pacific, are expected to fuel the PPM market growth over the forecast period. Furthermore, facilities such as low setup costs, improved security, and increased collaboration opportunities, provided by the cloud-based solutions are expected to increase business productivity and overall growth of an organization.

Project-intensive organizations across different industry verticals have recognized the advantages of the PPM solution and have employed it to automate and simplify several operations and efficiently manage project lifespan. The PPM solution offers managers and organizations with the capability to see the big picture, confirming the use of best practices, principles, solutions, and standards during the project lifespan. For organizations handling multiple simultaneous projects, the PPM solution allows the right set of resources to complete them on defined budget and deadline. Thus, the benefits offered by PPM solutions are propelling the growth of this market.

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Project Portfolio Management Market Report Highlights

The information technology segment accounted for the largest revenue share of 54.1% in 2022. It is attributed to the increasing demand for more sophisticated and user-friendly PPM software that can help businesses manage their IT projects more effectively.

The software segment accounted for the largest revenue share of 68.3% in 2022, owing to the increasing demand for more sophisticated and user-friendly PPM software that can help businesses manage their projects more effectively.

The cloud segment accounted for the largest revenue share of 52.5% in 2022 and is expected to grow at the fastest CAGR of 15.2% during the forecast period.

North America dominated the project portfolio management market, with the largest revenue share of 42.0% in 2022.

Project Portfolio Management Market Segmentation

Grand View Research has segmented the global project portfolio management market based on offering, deployment, enterprise size, end use, and region:

Project Portfolio Management Solution Outlook (Revenue, USD Million, 2018 - 2030)

Information technology

New product development

Others

Project Portfolio Management Platform Outlook (Revenue, USD Million, 2018 - 2030)

Software

Services

Integration and Deployment

Support and Consulting

Training and Education

Project Portfolio Management Deployment Outlook (Revenue, USD Million, 2018 - 2030)

Cloud

On-premise

Project Portfolio Management Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

Small & medium Enterprises

Large enterprises

Project Portfolio Management Application Outlook (Revenue, USD Million, 2018 - 2030)

BFSI

Government

Engineering & construction

Healthcare

IT & telecom

Others

Project Portfolio Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

Australia

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

Saudi Arabia

South Africa

UAE

List of Key Players of Project Portfolio Management Market

Broadcom

Celoxis Technologies Pvt. Ltd.

Changepoint Corporation

HP Development Company, L.P.

ServiceNow

Planview, Inc.

Planisware

Microsoft

Oracle

Workfront, Inc.

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Vietnam Paints and Coatings Market Analysis, Industry Trends, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Vietnam Paints and Coatings Market size by value at USD 2,827.6 million in 2023.During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Paints and Coatings Market size to expand at a CAGR of 5.60% reaching a value of USD 4,109.2 million in 2030. Vietnam's Paints and Coatings Market is being propelled by a burgeoning middle class and rising consumer spending, which fuel demand for high-quality residential and decorative paints. The increased spending is linked to greater emphasis on home aesthetics and renovation activities. The country's favorable demographic trends, including a young and urban population, are also contributing to the market growth as urban dwellers seek modern and stylish living spaces, thereby increasing the use of paints and coatings in residential construction.

By volume, BlueWeave estimated Vietnam Paints and Coatings Market size at 2.8 billion liters in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Paints and Coatings Market size to expand at a CAGR of 6.10% reaching a volume of 4.1 billion litersby 2030. Vietnam's strategic initiatives to attract foreign direct investments in manufacturing and infrastructure projects are significantly boosting the market. As the country becomes a manufacturing hub, the need for protective coatings in various industries, such as automotive, electronics, and machinery, is escalating. Government policies promoting sustainable and eco-friendly practices are fostering the adoption of low-VOC and water-based coatings, aligning with global environmental standards. The rise of the e-commerce sector is also enhancing market accessibility, allowing consumers to conveniently purchase a wide range of paints and coatings online, further driving market expansion.

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Opportunity – Growing automotive and manufacturing sectors

The expansion of Vietnam's automotive and manufacturing sectors is significantly driving the growth of the paints and coatings market. Increased vehicle production and infrastructure development projects are fueling the demand for high-performance coatings to enhance durability and aesthetics. Additionally, the rise in domestic manufacturing activities, supported by government initiatives and foreign investments, is boosting the need for industrial coatings. The trend underscores the pivotal role of these sectors in propelling the growth of Vietnam Paints and Coating Market in the coming years.

Impact of Escalating Geopolitical Tensions on Vietnam Paints and Coatings Market

The growth of Vietnam Paints and Coatings Market is at risk due to escalating geopolitical tensions. Trade disruptions, supply chain constraints, and increased tariffs could lead to shortages of raw materials, increasing production costs. It could also hinder exports, slow technological advancements, and cause pricing volatility. To mitigate these risks, companies should diversify supply sources and explore local production options.

Architectural End Use Segment Holds Largest Market Share

Vietnam Paints and Coatings Market is comprised of Architectural and Industrial end use segments. The architectural segment is a larger contributor to the growth of Vietnam Paints and Coatings Market by end use. The segment’s dominance is driven by the country's booming construction and real estate sectors, as well as the increasing demand for residential and commercial buildings. The architectural segment encompasses products used for interior and exterior surfaces, providing protection and aesthetic appeal to structures. The growing urbanization and infrastructure development in Vietnam significantly contribute to the prominence of the architectural segment in the market.

Competitive Landscape

Vietnam Paints and Coatings Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Oranges Co., Ltd, Jotun Paints Vietnam Company Limited, AkzoNobel Powder Coating Ltd, Nippon Paint (Vietnam) Co., Ltd, Hanoi Synthetic Paint Joint Stock Company, Dong Tam Paint, Alphanam Paint, and Hoa Binh Paint. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Vietnam Paints and Coatings Market.

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