#technavio

[samyupatnana]

Covalense’s Stellar Achievement: Top Six in Global BSS-OSS Software Market

Technavio, a leading global technology research and advisory company, develops over 2000 pieces of research annually, covering more than 500 technologies across 80 countries. Their team of about 300 analysts specializes in customized consulting and business research assignments, keeping them at the forefront of technological advancements.

Insights - Awards | Covalensedigital - Digital Services Enablement Platform

[technavioplus]

Library Management Software Market - Forecast and Analysis 2023-2027

The Library Management Software Market is at the forefront of transforming traditional library operations into streamlined, tech-enabled hubs of knowledge dissemination. This comprehensive analysis, forecasting from 2023 to 2027, provides insights into the market's trajectory, encapsulating growth drivers, challenges, and emerging opportunities.

Market Overview: Library Management Software has emerged as a cornerstone for libraries seeking to enhance efficiency, user experience, and overall knowledge management. This market spans a spectrum of functionalities, from cataloguing and circulation to patron management, offering a comprehensive solution for modern libraries.

Key Trends: Several key trends are influencing the Library Management Software Market, indicating a paradigm shift towards advanced functionalities and user-centric features. Cloud-based solutions are gaining prominence, facilitating accessibility and reducing infrastructure costs. Integration with digital resources, mobile-friendly interfaces, and analytics-driven insights are shaping the future of library operations.

Challenges: While the market experiences significant growth, challenges persist in terms of adoption and adapting to the evolving needs of diverse libraries. Resistance to digital transformation, interoperability issues with existing systems, and data security concerns require strategic solutions. Balancing affordability with feature-rich offerings poses ongoing challenges for software developers.

Opportunities: Amid challenges, the Library Management Software Market unfolds opportunities aligned with the evolving landscape of information management. The increasing digitization of libraries, growing demand for remote access to resources, and the need for customized solutions catered to specific library types present avenues for innovation and market expansion.

Market Dynamics Across Functionalities and Geographies:

Key Functionalities: Library Management Software encompasses a range of functionalities, including cataloguing, circulation management, acquisitions, and reporting. Academic libraries, public libraries, and special libraries seek tailored solutions that align with their unique requirements, contributing to the market's diversity.

Geographic Trends: The dynamics of the market vary across regions, with North America and Europe leading in adoption due to well-established library infrastructures. Asia-Pacific and Latin America show growing interest, fueled by a burgeoning emphasis on education and increasing digitalization efforts.

Forecast and Size: The Library Management Software Market is poised for growth, with an estimated CAGR of 3.23% between 2022 and 2027. The market size is forecasted to increase by USD 390.07 million during this period, reflecting the expanding role of technology in reshaping library operations.

Conclusion: In conclusion, the Library Management Software Market plays a pivotal role in modernizing and optimizing library operations for diverse institutions globally. With a projected market size increase to USD 390.07 million and a CAGR of 3.23% by 2027, the market signifies the importance of digital solutions in knowledge management. Key trends emphasize cloud adoption, digital resource integration, and user-centric features, while challenges involve addressing resistance to digitization and ensuring data security. Opportunities lie in catering to diverse library types and leveraging technology for enhanced accessibility. As the market evolves, collaboration between software developers and libraries will be instrumental in creating solutions that align with the evolving needs of information management, fostering a seamless and enriched experience for library patrons worldwide.

Contact

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: https://www.technavio.com

[otiskeene]

Robotics As A Service (RaaS) Market Size To Increase By USD 1.50 Billion During 2022-2027, Rapid Industrialization In Developed Countries To Drive The Growth - Technavio

The Robotics as a Service (RaaS) market is poised for substantial growth in the coming years, with a projected increase of USD 1.50 billion expected between 2022 and 2027. This expansion is forecasted to occur at a Compound Annual Growth Rate (CAGR) of 18.29% throughout the forecast period. The market is categorized into various segments, including Type (Professional and Personal), Application (Intralogistics, Medical applications, Surveillance and security, Field robotics, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

Several key factors are driving the growth of the RaaS market, with two prominent drivers being the increased adoption of remote services and the widespread utilization of the Internet of Things (IoT). The proliferation of IoT technology has transformed the way service providers interact with their customers, particularly in the context of robotics. Service providers have adapted by offering more online options that leverage the internet to facilitate customer interactions and resolve issues. This shift towards remote services and IoT integration has profound implications for the RaaS market.

Read More - https://bit.ly/3t8mUwh

[mariacallous]

Victoria Aveyard’s eyes avoid the camera when she slams her large white binder on the table, weighed down with a 1,000-page draft of her latest work in progress. The stack is heavy, made clear by her audible sigh as she splits the thick manuscript in half. Fueled with Cherry Lime Poppi and a bowl of grapes, she purposefully jots notes on the pages with every quick camera cut. Aveyard, the New York Times bestselling young adult fantasy author of the Red Queen series, doesn't say a single word in the video, but her captions on the screen speak volumes. “Using GenAI to write a book doesn’t make you a writer, it makes you a thief,” reads one.

“Don’t use generative-AI to make tropey, regurgitated romantasy sludge that you can then launder through the self-publishing industry in order to backdoor your way into a traditional publishing deal,” Aveyard tells her over 460,000 followers on TikTok in another video posted on May 27. “Authors talk.” Both TikToks garnered over 350,000 views.

Criticism and warnings of Gen-AI authors snagging coveted deals are flooding both Threads and TikTok, with writers and readers sometimes flinging around accusations when they suspect someone is using AI as part of their creative process. Now, Aveyard and other prolific authors are not only calling out people who use AI to write, they’re also posting livestreams and time-lapses of their writing processes to defend themselves against such complaints.

“The r/WritingWithAI subreddit has over 40,000 subscribers and growing. It’s a very depressing thought, to know we may very soon be the minority,” Aveyard tells WIRED. “I don’t think my voice will move the needle much or convince anyone already using generative AI to stop, but I needed to voice my anger with the circumstances.”

The publishing market is expected to grow by $18.9 million between now and 2029, according to market research firm Technavio, partially due to an influx of self-published authors. But with scammy rewrites and digitally fabricated authors entering the market, artificial intelligence has made searching for human-made content more difficult, causing independent authors to combat what some are calling an AI-generated “witch hunt.”

“Sometimes it’s hard to conceptualize the scope and scale of work that goes into writing a book, and showing a physical manuscript really helps that hit home,” Aveyard says when asked about the inspiration behind her 1,000-page editing video. She is a strong critic of AI in publishing, calling it theft of creative intellectual property. “I post regularly on my platforms, and I’m always looking for content that catches the eye as well as emphasizes my work. And getting to emphasize my position on generative AI? An added benefit.” (Aveyard never names any specific indie authors using generative-AI to secure a traditional publishing deal.)

“Do I think authors should post ‘proof’? Not necessarily,” says indie author Ashley Godschild. “Would I like to see more authors post their process and make it clear it's without AI? Yes. Because I think we need to be loud and clear that it's not welcome in this industry.”

Godschild, who penned the fantasy novel The Hunter and The Hunted, says she’s been writing since childhood and goes through a lengthy process—plotting her manuscript years before putting pen to paper. A few days after seeing Aveyard’s 1,000-page edit post, Godschild posted a time-lapse of herself writing at her computer, captioning the video, “Watch this time-lapse of me writing a scene in a murder mystery TV show without the use of gen-AI.” The caption also notes that she’s “not a thief” and that “the murderer is so unpredictable not even a machine could figure out who it is.”

Some writers are using the AI controversy to remind people of the very human skills it takes to craft a complex story.

YA indie author Rachel Menard posted a TikTok of herself opening drafts of one of her manuscripts, writing that if she was using AI, “It wouldn’t take me 78 drafts to get it done.”

“Everyone has forgotten what makes a book good, and it's the work that goes into it,” says Menard, who has penned three books independently. She adds that while AI may be able to “pop out a decent spice scene,” it can’t create a compelling story. “If my characters don't feel like real people, living real lives, with real problems, then I need to keep working on it.”

Quan Millz, an indie author with over 830,000 TikTok followers and well-known for his jaw-dropping “street lit” titles like Old Thot Next Door and This Hoe Got Roaches in Her Crib, says accusations that he has used AI to write go beyond labeling him as a thief—they underestimate the cultural fluency behind his novels. Prior to revealing his identity on TikTok in 2023, Millz, who is Black, dealt with accusations that he was white and even a rumor that he was a “CIA operative.”

“It’s clear now that you use AI to write all your books. Ain’t no way you’re dropping the books this fast,” one commenter wrote on one of Millz’s posts.

Millz uses AI to make book covers, including for books that are still in the conceptual phase, but says allegations that he also writes with the tool are false.

“There’s no way in hell you’re going to get any of these AI models to really capture the essence of just how Black people talk,” Millz tells WIRED. The author says he has tested using AI for writing and found that the large language models censored his adult scenes and could not reproduce his nuanced tone. “It doesn’t understand that AAVE [African American Vernacular English] is not monolithic … Black people in Chicago don’t sound like Black people in New York.”

While Millz has hosted a couple of TikTok Lives documenting his writing process in real time, he tells WIRED that he won’t be hosting more—even if it helps prove to skeptics that his written work is original.

Constantly checking in with commenters hindered his writing process, he says, and he feels that while having a social presence is crucial in indie publishing, filming your process won’t provide more proof of AI-free work than your work itself—at least not yet. “I really do think that there’s something else transcendent about the human experience, something mystical that we just don’t know about yet, and you can feel that through the arts,” Millz says. “When you read AI text, even if you do a good job of trying to edit it or make it your own, there’s still something amiss.”

[beardedmrbean]

MEXICO CITY (AP) — Mexico’s new president announced an agriculture plan Tuesday that could make the country’s food production and distribution look a lot more like it did in the 1980s, when meals in Mexico were dominated by tortillas, beans, instant coffee and cheap hot chocolate.

Four decades ago, the ingredients for those meals were often bought at government stores that stocked a few basic goods.

President Claudia Sheinbaum pledged Tuesday to revive those often shabby, limited government stores and continue efforts to achieve “food sovereignty.”

“It is about producing what we eat,” Sheinbaum said of her policy, whose main focus will be on increasing bean and corn production.

Sheinbaum appears to have a deep interest in boosting beans. On Monday, she said, “It is much better to eat a bean taco than a bag of potato chips."

Agriculture Secretary Julio Berdegué said the focus would be on guaranteeing prices for farmers who grow corn used for tortillas and lowering tortilla prices by 10% after prices jumped a couple of years ago.

The government aims to boost bean production by about 30% in six years to replace imports of beans, and will set up research centers to supply higher-yielding bean seeds.

“Self-sufficiency in beans is a goal the president has set for us,” Berdegué said.

The government will also focus on supporting coffee production, but mainly for instant coffee, which it claims is used by 84% of Mexican households. The plan will also seek to support cocoa production, but mainly for powdered baking and hot chocolate, not fine chocolate bars.

The policies appear to run counter to market trends and what Mexican food sales look like today, when consumption of most of the old basics has fallen.

Most Mexicans today shop at modern grocery stores, and consumption of fresh ground coffee, not instant, has increased enormously, accompanied by a boom in specialized coffee chains and shops.

Meanwhile, bean consumption has been dropping precipitously for decades in Mexico. According to the government's “2024 Agricultural Panorama” report, Mexicans consume only about 17 pounds (7.7 kilograms) of beans annually. That's less than half of the 35.2 pounds (16 kilograms) consumed per year in 1980.

A combination of factors, including the time it takes to cook dried beans, may be behind this. Amanda Gálvez, a researcher at Mexico's National Autonomous University, wrote that “we look down at beans because it is considered ‘the food of the poor,’ and we are making a serious mistake,” because beans are a good source of protein.

However, the health benefits aren't clear: The most common bean recipe in Mexico — refried beans — often contains a considerable dose of lard.

Tortilla consumption has also fallen from nearly 220 pounds (100 kilograms) per capita annually in 2000 to about 165 pounds (75 kilograms) in 2024. Consumers have increasingly taken to buying bread and other bakery products instead of tortillas.

Apart from the challenge of trying to change consumer habits, the policy also runs counter to market trends. While some countries are trying to encourage high-value varietal and specialized chocolate strains, Mexico is focusing on the cheapest products.

While chocolate was first exported to the rest of the world from Mexico, Mexico's own production has fallen dramatically because of plant diseases and a lack of investment. It dropped from almost 50,000 tons in 2003 to about 28,000 tons in 2022.

And while most Mexican homes may have a jar of instant coffee in their cupboards, that's not where the tendency — or consumer spending — is headed. According to a Technavio industry report, instant products accounted for only about 37% of the sales value of coffee in Mexico.

Sheinbaum's focus on self-sufficiency in oil, energy and foodstuffs is a holdover from her predecessor and political mentor, former President Andrés Manuel López Obrador, who left office on Sept. 30.

López Obrador also appears to have passed on his nostalgia for a 1970s-style Mexico — including passenger rail service, state-owned industries, tight-knit families and small corner stores — to Sheinbaum.

The agriculture plan comes one day after Sheinbaum announced a complete “junk food” ban on salty, fried, processed snacks or sweetened beverages and soft drinks in schools, starting within six months.

But the government's track record in actually changing consumer behavior is poor, columnist Javier Tejado wrote Tuesday in the newspaper El Universal. He reminded readers that the government banned junk food advertisements aimed at children in 2014.

“The result after ten years of prohibitions?” Tejado wrote. “Things are worse than when they started in 2014; Mexicans have decided to keep consuming things they like.”

[infinitiresearch]

Pet Treats Market| Analysis, Growth and Forecast, 2024 – 2028

Originally published on Technavio: Pet Treats Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, France, UK - Size and Forecast 2024-2028

The Global Pet Treats Market is poised for substantial growth across key regions, including North America, Europe, Asia-Pacific (APAC), South America, and the Middle East and Africa (MEA). In-depth market analysis for the period 2024-2028 provides insights into the trends and factors shaping the industry, with a specific focus on major countries such as the United States, China, Germany, France, and the United Kingdom.

In North America, the pet treats market is expected to experience robust expansion driven by the increasing humanization of pets and the rising trend of premiumization in pet food products. The United States, being a major contributor to the regional market, witnesses a growing demand for high-quality and nutritious pet treats. The emphasis on health and wellness, coupled with the popularity of natural and organic pet snacks, fuels the market's growth in the region.

Europe, with its pet-loving culture and discerning pet owners, is anticipated to witness significant traction in the pet treats market. Countries like Germany, France, and the United Kingdom are key players in shaping the regional landscape. The market is influenced by factors such as the premiumization of pet treats, the demand for innovative and functional treats, and the increasing awareness of pet health and nutrition.

In the Asia-Pacific region, particularly in China, the pet treats market is on an upward trajectory owing to the expanding pet ownership, increasing disposable incomes, and a shift towards pet humanization. The market in China is characterized by a growing middle class that is willing to invest in high-quality and specialty pet treats. The overall APAC region is witnessing a surge in pet treat consumption, driven by a rising awareness of pet well-being and the desire for novel and exotic pet food options.

South America is emerging as a promising market for pet treats, with countries like Brazil showcasing increasing pet ownership and a growing market for premium pet products. The region's changing demographics and lifestyle trends contribute to the rising demand for convenient and nutritious pet treats.

In the Middle East and Africa, the pet treats market is gaining traction as pet ownership rises, driven by changing lifestyles and increasing urbanization. The region's market is characterized by a preference for premium and imported pet treats, with a focus on natural and organic ingredients.

To Learn deeper into this report , View Sample PDF

In summary, the global pet treats market is witnessing dynamic growth across North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The market dynamics in the United States, China, Germany, France, and the United Kingdom play a pivotal role in shaping the industry's landscape during the forecast period from 2024 to 2028. The trends of pet humanization, premiumization, and a focus on pet health and nutrition are key drivers influencing the market's trajectory across these regions.

For more information please contact.

[datastring]

Gravity Feed Handlers Market Set to Reach $790.9 Million by 2035

The Gravity Feed Handlers market is projected to grow significantly over the coming decade, with industry revenue expected to climb from $403.9 million in 2024 to $790.9 million by 2035. This reflects a robust average annual growth rate of 6.3% during the forecast period. Gravity Feed Handlers play a vital role in enhancing warehouse efficiency, streamlining production lines, improving inventory management, and supporting quality assurance across multiple industries.

Detailed Analysis - https://datastringconsulting.com/industry-analysis/gravity-feed-handlers-market-research-report

Market Drivers and Emerging Opportunities

This market expansion is largely driven by the accelerating pace of automation and the ongoing surge in global e-commerce activity. As companies strive to increase operational efficiency and reduce labor costs, demand for gravity feed solutions that support continuous, low-maintenance material flow is on the rise. Industry trends such as the growing focus on sustainability and energy-efficient systems are also expected to fuel long-term market growth.

Competitive Landscape and Leading Players

The Gravity Feed Handlers market features strong competition among established industry players that are continuously innovating to enhance functionality and adaptability. Key companies include:

Global Material Handling Solutions Inc.

Premier Tech Systems and Automation

Krones AG

Technavio

Alfa Laval Corporate AB

Tetra Pak International S.A.

Bosch Packaging Technology

MPI Systems Inc.

Crown Equipment Corporation

BEUMER Group

Westfalia Technologies Inc.

Swisslog Holding AG

These players are focused on integrating advanced technologies, improving product durability, and expanding their presence across both mature and developing markets.

Key Growth Areas and Industry Trends

Significant revenue expansion opportunities exist in product innovation, technological advancement, and strategic partnerships. As automation becomes more integrated with IoT and AI-driven warehouse systems, gravity feed handlers are evolving to meet smarter logistics needs. Moreover, the growing demand for modular and scalable systems is encouraging manufacturers to diversify product lines and customize solutions for specific industry use cases.

Regional Insights and Supply Chain Evolution

North America and Europe currently lead the market due to well-established logistics infrastructure and high adoption of automated material handling systems. However, emerging markets such as India, Brazil, and South Africa are showing strong potential for growth due to increasing industrialization, rising labor costs, and expanding warehousing sectors. These regions offer attractive opportunities for market entry and revenue diversification, especially as supply chains become more resilient and localized.

The evolving supply chain—encompassing raw material sourcing, equipment manufacturing, handler assembly, distribution, and deployment—is expected to undergo significant optimization to support growing global demand and improve cost-efficiency.

Conclusion and Market Outlook

The Gravity Feed Handlers market is on a solid growth trajectory, supported by macro trends in automation, sustainable logistics, and the digital transformation of supply chains. As industries continue to modernize material handling operations, demand for gravity-based systems is set to rise steadily. Companies investing in product innovation and strategic global expansion are well-positioned to capture the market’s long-term growth potential.

About DataString Consulting

DataString Consulting delivers comprehensive market research and intelligence solutions tailored for both B2C and B2B enterprises. With more than 30 years of combined leadership experience, the firm specializes in customized research projects, strategic consulting, and opportunity assessment across diverse industries. DataString’s experts and data aggregators continuously monitor high-growth sectors to provide businesses with actionable insights and solution-oriented strategies for sustainable success.

[teassaur]

The Advantages of Purchasing Flowers Online

In a world where digital convenience is king, the act of gifting flowers has beautifully transitioned into the online space. The universal language of flowers transcends borders, carrying messages of love, joy, and fidelity. With the rise of online floristry, selecting the perfect bouquet visit site here has become a seamless experience, allowing emotions to be expressed without the constraints of local availability or geographic limitations.

The Blossoming Trend of Online Flower Shopping

The tradition of giving flowers is as timeless as it is universal. A bouquet can convey a spectrum of sentiments, from romantic love to heartfelt condolences. In recent years, the convenience of online shopping has extended to the floral industry, revolutionizing the way we purchase blooms.

Why Choose Online Over Local Florists?

Variety: Online florists often have a more extensive selection of flowers, including exotic and rare varieties that may not be available at local stores.

Convenience: Shopping for flowers online eliminates the need to travel, saving time and avoiding the frustration of traffic and parking.

Visibility: E-commerce platforms provide images or detailed descriptions of flower arrangements, ensuring customers know exactly what they are ordering.

Comparison: It's easier to compare prices and offerings from different online retailers to find the best deal.

Scheduling: Online orders can be scheduled for delivery at a specific date and time, adding to the convenience.

Freshness: Some online florists offer buds that are ready to bloom, ensuring the flowers last longer after delivery.

The Growth of Online Flower Sales

The online flower market has seen significant growth, with more consumers turning to the internet for their floral needs. According to a report by Technavio, the global online flower delivery service market is expected to grow by $5.55 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. This growth is driven by the ease of access to a wide range of products and the ability to deliver fresh flowers directly to the recipient's doorstep.

[nidhimishra5394]

Wind Turbine Gear Oil Market Outlook Reflects Surge in Global Wind Installations and Preventive Maintenance Services

The wind turbine gear oil market is experiencing significant growth, driven by the global shift towards renewable energy and the expansion of wind power installations. According to Technavio, the market is projected to grow by USD 126.37 million from 2022 to 2027, with a compound annual growth rate (CAGR) of over 5.95%. The Asia-Pacific (APAC) region is expected to account for 55% of this growth, with countries like China, India, Japan, and South Korea playing pivotal roles due to their substantial wind energy capacities. ​

Regional Dynamics

In 2023, the wind turbine gear oil market reached approximately USD 2.5 billion. The regional contributions were as follows: North America at 28%, Asia Pacific at 35%, Europe at 25%, Latin America at 5%, and the Middle East & Africa at 7%. Notably, Asia Pacific emerged as the fastest-growing region, with a projected annual growth rate of 8%, driven by increasing wind turbine installations in China and India.

Product Trends

In 2023, synthetic gear oils held the largest market share at 65%, followed by mineral gear oils at 30% and bio-based oils at 5%. Synthetic oils are favored for their high performance and durability, offering advantages such as higher resistance to scuffing, reduced foam formation, and improved heat dissipation. These properties are crucial for maintaining optimal performance, especially in harsh operating conditions. Additionally, synthetic oils typically have a lower pour point, ensuring proper lubrication even in cold climates. ​

Bio-based oils, though currently holding a smaller market share, are the fastest-growing sub-segment, expected to grow at a CAGR of 10%. This growth is attributed to the rising demand for environmentally sustainable solutions. Bio-based lubricants, derived from renewable sources like vegetable oils, are biodegradable and reduce environmental impact in case of leaks or spills. They offer several performance benefits, including excellent lubricity, high flash points, and low toxicity, making them suitable for various turbine components. ​

Market Drivers

The primary driver of the wind turbine gear oil market is the global shift towards renewable energy. Governments worldwide are implementing policies to reduce dependency on fossil fuels, resulting in substantial investments in wind energy projects. For instance, the U.S. Energy Information Administration projects that wind energy will account for 10% of the country’s electricity generation by 2030, up from 8.4% in 2021. As more wind farms are established, the demand for wind turbine gear oil continues to grow, as these oils are essential for reducing wear and tear in turbine components, thereby increasing their lifespan. ​

Technological advancements in gear oil formulations also drive the market. Modern wind turbine gear oils are engineered to enhance energy efficiency, withstand extreme weather conditions, and offer extended oil drain intervals. These properties are essential in both onshore and offshore wind turbines, where accessibility for maintenance can be limited. This evolution in lubrication technology ensures minimal downtime for wind turbines, contributing to an uninterrupted supply of clean energy.

Market Restraints

Despite the positive growth trajectory, the wind turbine gear oil market faces several restraints. One significant challenge is the high initial cost of advanced synthetic gear oils compared to conventional lubricants. While synthetic oils offer long-term benefits in terms of performance and maintenance, their higher upfront cost can be a barrier, especially for smaller wind farm operators with limited budgets. Additionally, the cost of regular oil changes and maintenance can add up over time, making it a substantial operating expense. ​

Environmental concerns related to oil spills and the disposal of used gear oil also act as constraints. Although gear oil is essential for the smooth functioning of turbines, improper handling and disposal can lead to environmental damage. Stricter environmental regulations on the disposal and recycling of lubricants are likely to increase operational costs for wind turbine operators, posing a restraint to market growth. ​

Market Opportunities

The global focus on reducing carbon emissions presents significant opportunities for the wind turbine gear oil market. With increasing investments in wind energy infrastructure, there is a growing demand for innovative lubricants that can enhance turbine performance and reduce downtime. Companies in the industry are increasingly focusing on developing environmentally friendly, biodegradable gear oils that align with the sustainability goals of wind energy projects. This trend opens up avenues for innovation and product development.

Emerging markets, particularly in Asia-Pacific and Latin America, offer substantial growth potential. Countries like India and Brazil are making significant investments in renewable energy, including wind power, to meet their growing energy demands. These emerging economies are expected to boost the demand for wind turbine gear oils as they expand their renewable energy capacity. Additionally, the development of offshore wind farms presents an untapped opportunity, as offshore turbines face harsher environmental conditions, necessitating the use of high-performance gear oils. ​

Market Challenges

One of the primary challenges in the wind turbine gear oil market is the maintenance of turbines located in remote or offshore locations. Wind farms in such areas often face accessibility issues, making regular oil changes and maintenance more difficult and costly. Offshore wind turbines, in particular, require specialized gear oils capable of withstanding corrosive saltwater environments and extreme wind conditions. Ensuring that the right type of gear oil is used for these applications is a challenge that manufacturers must address to avoid equipment failure.

Another challenge is the fluctuating prices of raw materials used in the production of gear oils. The volatility in the price of base oils and additives used in lubricants can impact the overall cost of wind turbine gear oil, affecting profit margins for manufacturers and

[criativaonline]

Tecno it adquire operação da Planear Sistemas

Dados da Technavio estimam que a infraestrutura de cidades inteligentes deve crescer mais de US$ 138,6 bilhões até 2028. Inserida nesse cenário, a Tecno it, uma das principais fornecedoras de soluções tecnológicas para grandes empresas e gestão de Smart Cities no Brasil, acaba de incorporar a operação da Planear Sistemas, desenvolvedora de softwares e projetos web mineira. Com a aquisição, a…

[wildterrain]

Η ανάπτυξη του τουρισμού περιπέτειας έως το 2028: Τάσεις, προκλήσεις και προοπτικές

Η παγκόσμια αγορά τουρισμού περιπέτειας αναμένεται να σημειώσει σημαντική ανάπτυξη τα επόμενα χρόνια, με εκτιμώμενη αύξηση 5.778 δισεκατομμυρίων δολαρίων και συνολικό ρυθμό ανάπτυξης 47,21% μεταξύ 2024 και 2028, σύμφωνα με στοιχεία της Technavio. Ωστόσο, παρά τη δυναμική της αγοράς, υπάρχουν προκλήσεις, ιδιαίτερα στις αναπτυσσόμενες οικονομίες, όπου η διείσδυση παραμένει χαμηλή λόγω έλλειψης…

[technavioplus]

Alumni Management Software Market - Forecast and Analysis 2023-2027

The Alumni Management Software Market is undergoing a transformative journey, becoming an indispensable tool for educational institutions seeking to foster lasting connections with their alumni networks. This comprehensive analysis, forecasting from 2023 to 2027, explores the market's dynamics, including growth drivers, challenges, and emerging opportunities.

Market Overview: Alumni management software has evolved into a pivotal solution for educational institutions aiming to cultivate and maintain meaningful relationships with their alumni. This market encompasses a range of features, from contact management and event coordination to fundraising capabilities, creating a holistic platform for alumni engagement.

Key Trends: Several key trends are shaping the Alumni Management Software Market, indicating a shift towards more comprehensive and user-friendly solutions. Integration with social media platforms for seamless communication, personalized engagement strategies, and analytics-driven insights are at the forefront. Mobile-friendly interfaces enhance accessibility and engagement.

Challenges: While the market experiences significant growth, it encounters challenges related to adoption and customization. Some institutions may face resistance to digital platforms, requiring effective change management strategies. Balancing the need for robust features with user-friendly interfaces and data security concerns poses ongoing challenges for software developers.

Opportunities: Amid challenges, the Alumni Management Software Market presents ample opportunities. The rising importance of alumni engagement in fundraising efforts, recruitment activities, and brand advocacy opens doors for innovative software solutions. Cloud-based platforms offer scalability and accessibility, particularly for smaller institutions looking to adopt cost-effective solutions.

Market Dynamics Across Features and Geographies:

Key Features: Alumni management software encompasses diverse features, including contact databases, event planning tools, communication channels, and fundraising modules. Institutions seek tailored solutions to meet their specific engagement goals, contributing to the market's diversity.

Geographic Trends: The market's dynamics vary across regions, with North America and Europe leading in adoption due to established alumni engagement practices. Asia-Pacific and Latin America show increasing interest, fuelled by expanding educational sectors and a growing awareness of the importance of alumni relations.

Forecast and Size: The Alumni Management Software Market is poised for growth, with an estimated CAGR of 5.32% between 2022 and 2027. The market size is forecasted to increase by USD 116.67 million during this period, reflecting the expanding role of alumni engagement in the strategic objectives of educational institutions.

Conclusion: In conclusion, the Alumni Management Software Market is a cornerstone for educational institutions seeking to cultivate enduring relationships with their alumni networks. With a projected market size increase to USD 116.67 million and a CAGR of 5.32% by 2027, the market signifies the importance of effective alumni engagement strategies. Key trends emphasize seamless integration with social media and mobile-friendly interfaces, while challenges involve customization and adoption hurdles. Opportunities lie in leveraging alumni networks for fundraising and recruitment efforts. As the market evolves, collaboration between software developers and educational institutions will be critical in creating solutions that not only meet the evolving needs of alumni engagement but also contribute to the overall success of educational institutions worldwide.

Contact

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: https://www.technavio.com

[hoodoverhollywood]

Luxury Handbags Market to Grow by USD 24.73 Billion from 2024-2028, Design and Material Innovation Leading to Product Premiumization to Boost Revenue, Report with Market Evolution Powered by AI

NEW YORK, Feb. 14, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global luxury handbags market size is estimated to grow by USD 24.73 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.34% during the forecast period. Design and material innovation leading to product premiumization is driving market growth, with a…

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Trends and Opportunities in the U.S. Home Services Market

As we move into 2024, the U.S. Home Services Industry is set for a transformative year. With the market value surpassing $657 billion, this sector is not only expanding rapidly but also evolving to meet the changing needs of modern American households.

This blog explores key trends and emerging opportunities shaping the industry as we approach 2024.

Growth of the U.S. Home Services Industry

The home services sector is experiencing notable expansion, driven by increasing consumer demand and technological advancements. Digital platforms, smart home technology, and eco-friendly solutions are fueling this growth, reflecting a broader consumer preference for convenience, efficiency, and sustainability.

Market Size and Growth

According to Technavio, the home services market is projected to grow by USD 5.14 trillion from 2021 to 2026, with an impressive CAGR of 36.21%. These numbers highlight a strong and sustained expansion trend for the industry.

The Rise of On-Demand Home Services

The on-demand segment is experiencing significant growth, reshaping how home services are delivered and consumed.

Market Projections

Grandview Research estimates the global online on-demand home services market at USD 3.71 billion in 2021, with a CAGR of 16.7% through 2030.

Research and Markets predicts a 49.4% CAGR for this segment from 2021 to 2028, reaching $1.7 billion by 2028.

Key Trends in On-Demand Home Services

Technological Integration

Mobile and digital platforms simplify booking and managing services.

Smart home integration is driving demand for specialized service providers.

Mobile segment dominates, accounting for 72% of market share in 2021.

Consumer Lifestyle Changes

Busy schedules increase reliance on time-saving, on-demand services.

Convenience is a priority, with 64% of consumers valuing experience over price (Gartner).

Market Expansion

Subscription-based service models are growing, with 42% of consumers preferring ongoing services over one-time visits (McKinsey).

Economic and Social Impacts

The gig economy is benefiting, with 20-30% of the U.S. workforce engaged in freelance work.

The demand for cleaning and maintenance jobs is increasing, with employment in janitorial services expected to grow by 4% from 2020 to 2030.

Challenges in the Home Services Industry

Labor Market Constraints

Aging workforce: The retirement of older workers is creating a labor shortage, particularly in skilled trades.

The U.S. construction sector alone has around 440,000 job openings.

Despite these challenges, technology-driven solutions and new workforce initiatives are helping businesses adapt to market needs.

Key Statistics and Industry Facts

80% of home service businesses now use digital tools for scheduling and customer management.

Online booking platforms have seen a 150% surge in usage post-pandemic.

70% of consumers prefer eco-friendly home services.

Subscription models are growing, with 40% of urban households opting for recurring services.

Smart home service integration is increasing by 35% year-over-year.

Cleaning Industry: A Sector to Watch in 2024

The cleaning industry is experiencing rapid growth, driven by:

Projected 20% annual growth rate

80% of U.S. households expected to use professional cleaning services

Specialized services, such as eco-friendly and allergen-free options, gaining popularity

Technological advancements improving efficiency and sustainability

Most In-Demand Home Services in 2023

Cleaning Services – Routine cleanings, deep cleaning, carpet cleaning

Landscaping Services – Aesthetic design, functional outdoor spaces

Pest Control – Termite control, bed bug removal

Plumbing – Leak repairs, emergency maintenance

Electrical Services – Wiring and circuit repairs, safety inspections

HVAC Services – Heating and cooling maintenance

Home Security – Smart security system installations

Top Home Services Trends for 2024

Home Restoration

Growth due to natural disasters; expected to reach $50.6 billion by 2026.

Home Improvement

80% of households require handyman services annually.

Lawn Care

Estimated 5.1% CAGR from 2022-2027.

Property Management

Over 35% of U.S. households rent, driving demand for property managers.

U.S. Home Services Industry Breakdown by Segment

By Service Type

Cleaning & Maintenance – $370.56 billion (2022)

Repair & Renovation – $512.01 billion (2022)

Lawn Care – $50.03 billion (2023)

Home Security – $7.5 billion (2023)

By End User

Residential – $657.4 billion total addressable market

Commercial – Mixed growth outlook for 2023

Industrial – Expected to grow by $14.58 billion between 2023-2028

By Business Model

On-Demand Services: Estimated to grow at a 13.8% CAGR through 2025.

Contract-Based Services: Expected to expand by 10% in 2023.

Emergency Services: High demand for urgent home repairs and improvements.

By Geography

Urban Areas: Account for 80% of home services demand.

Suburban Areas: Major market for home maintenance and improvement.

Rural Areas: Niche but significant market with specialized needs.

How Amenify Home Services Enhances Living

Amenify provides top-tier home services across the U.S., offering lifestyle solutions such as professional cleaning, chores, car washing, grocery services, pet care, handyman work, dry-cleaning, and more. With a strong focus on quality, convenience, and 24/7 customer support, Amenify serves over two million households in 900+ cities.

With more than 50,000 five-star reviews and a team of trained professionals, Amenify continues to innovate and cater to the evolving needs of modern homeowners and renters, making home living effortless and enjoyable.

Source- https://www.amenify.com/blog/exploring-trends-and-opportunities-in-the-us-home-services-industry