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Material Handling Equipment Market Analysis, Segments, Leading Player, Application & Forecast 2022 – 2032

According to Future Market Insights research, the global Material Handling Equipment market is expected to be valued at US$ 27,345.2 Million in 2022. According to FMI, the global Material Handling Equipment market is expected to grow at a 6.7% CAGR between 2022 and 2032.

A new forecast by FMI analysis estimates that Material Handling Equipment sales will augment during 2022-2032 and is anticipated to create a growth opportunity of US$ 52,342.6 Million. This growth opportunity I owing to the booming industrial sectors worldwide which are demanding a surge in material-handling equipment.

The demand for material handling equipment is primarily driven by the growing e-commerce industries and increasing automation in the logistics sectors. The top 5 key players in the global Material Handling Equipment market are Liebherr Group, KION Group AG, Jungheinrich AG, Viastore Systems GmbH, Eisenmann AG., etc.

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The growing industrial and factory automation with increasing technology and process automation is projected to create a growth opportunity for the global Material Handling Equipment market during the forecast period. Manufacturers, factory owners and industry personnel are more concentrated on minimizing the hard work and process timing of movement of goods and products and transportation.

The rise in sectors like transportation, agriculture, courier facility, shipping and machinery industry is fueling the surge in demand for the worldwide market Material Handling Equipment.

North America Continue Dominance in the Global Material Handling Equipment Market

Expanding E-commerce Business to Fuel the Market Growth in the Region

The market for material handling equipment in North America is anticipated to hold the highest market share in 2022 at 27.3%. The North American region is expected to experience rapid growth between 2022 and 2032.

due to the e-commerce industry’s importance to the region’s expanding sales. The increased demand for both durable and non-durable goods is driving growth in the global market for material handling equipment. Additionally, the market for material handling equipment is being driven forward by the adoption of automated warehousing techniques across North America.

Growth of the Material Handling Equipment Market in Asia-Pacific stand

Rapid Adoption of E-Commerce Services in the Region to Fuel the Market Growth

In 2022, the Asia-Pacific market for material handling equipment is anticipated to reach a sizeable market share of 21%, and it is anticipated that this trend will continue throughout the forecast period.

The Asia Pacific region is expected to experience significant growth between 2022 and 2032. China and India, for example, are likely to offer a wide range of opportunities, assisting OEMs in extending their end-user markets.

Regional market growth will be significantly influenced by the pandemic’s rapid e-commerce service adoption, which favoured equipment purchases.

Growth of the Material Handling Equipment Market unfolds in Europe

Adoption of Cutting-edge Tools to Gain Traction in Europe

In 2022, a market share value of 23.4% is anticipated for the European market for material handling equipment. Europe is anticipated to dominate the market for material handling equipment from 2022 to 2032. The adoption of innovative products to support a sizable industrial presence in the region is likely to spur the growth of the material handling equipment market.

Europe is home to a number of businesses that offer sales opportunities in a variety of sectors, including the food and beverage industry and technology. In addition to industrial sectors, the same-day delivery model-driven e-commerce industry also played a role in the region’s demand in 2020, and this pattern is anticipated to hold throughout the projection period.

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Competitive Landscape

The key players operating in the global market are focusing on expanding their capacities and resources to meet the growing demand for Material Handling Equipment by establishing new plants in the targeted market. Also, the key players are adopting collaboration & joint venture strategies to increase their presence and resources.

Some of the key developments are–For instance, In March 2021, Aarekies Brienz AG, based in Brienz, Switzerland, acquired an industrial truck called ‘LH 60 M Port Litronic’ from Liebherr Group. Organizations can use the product to efficiently manage common shipments and large items.

District Cooling Market Expectations & Growth Trends Highlighted from 2022 – 2032

According to a recent report published by FMI, the district cooling market share is expected to reach US$ 1.28 billion by 2032, with an estimated CAGR of 3% during the projected period. According to the study, the rising demand for energy-efficient cooling technology has a proportionate impact on district cooling adoption.

The adoption of district cooling systems around the world has stemmed from rapidly rising temperatures and the proven viability of district cooling plants over time. However, the study finds that the district cooling market in Asia Pacific has shown an impressive growth. With an increasing awareness of the need for energy conservation, a District Cooling Plant concept has acquired even more traction.

The sales of district cooling are likely to rise as the need for energy-efficient technologies rises to meet the ongoing construction boom.

Continued deployment of viable and sustainable cooling systems to accomplish energy-saving targets and increased production of sustainable building solutions is anticipated to support the district cooling industry.

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Furthermore, the growing use of renewable technology, combined with strict regulatory requirements to reduce pollution, would spur the district cooling market growth. Furthermore, severe climate circumstances would encourage district cooling due to rising surface temperature levels in the Middle East, Central Europe, and South Asian nations. Furthermore, over the forecasted period, total demand is increasing.

The population in tropical and hot temperature zones requires cooling to be more comfortable, particularly during the summer. As a result, air conditioner ownership is on the rise in these areas, according to the International Energy Agency (IEA). One of the most advanced markets for district cooling is the Middle East. The Middle East has been experiencing an increase in temperature in the summer, with temperatures exceeding 50 degrees Celsius, necessitating the adoption of district cooling.

When establishing a district cooling system, the limited availability of space for operating construction equipment is a significant construction issue. Other building obstacles include transporting equipment to a particular site and coordinating the efforts of the many contractors. One of the significant issues is ensuring that space for chiller plants and distribution pipelines is available. It isn’t easy to keep a district cooling plant running at near-total capacity all year. All-in-all, the district cooling market size is expected to reach a valuation of US$ 1.2 Bn by 2026.

Key Takeaways:

During the projection period, the electric chillers market is predicted to be the largest segment in the district cooling market by production technology. During the forecast period, the commercial segment is likely to be the leading proportion in the sales of the district cooling market by application. The expansion of the commercial segment of the district cooling market is predicted to be fuelled by the development of new infrastructure in Middle Eastern countries and the growing requirement for businesses to decrease their carbon footprint. Asia’s major markets include Japan, India, Malaysia, Singapore, China, and South Korea. The Indian government has outlined ambitious projects like Smart Cities and Smart Grid, which are anticipated to drive the market in the coming years. Attributed to the increasingly affluent population and increased construction activity, the Middle East and Africa are likely to dominate most of the district cooling market opportunities, particularly in nations like the United Arab Emirates, Saudi Arabia, and Qatar.

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Competitive Landscape

As a large pool of players are present in the district cooling market, the nature of the market is fragmented. National Central Cooling Company PJSC (TABREED) (UAE), Emirates Central Cooling System Corporation (EMPOWER) (UAE), Emirates District Cooling, LLC (EMICOOL) (UAE), and Qatar District Cooling Company (QATAR COOL) are the top players in the global district cooling market.

The district cooling companies have been using strategic initiatives such as contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures to capture a larger district cooling market share.

Tabreed, a leading district cooling company, signed a significant strategic agreement with the International Finance Corporation (IFC), a World Bank Group member and the world’s largest development agency focused on the private sector in emerging economies, in December 2021. IFC has invested more than USD 321 billion in emerging nations since its founding in 1956. Empower signed an agreement in November 2021 to acquire Dubai International Airport’s district cooling systems, with a total cooling capacity of 110,000 refrigeration tonnes (RT), for a total value of AED 1.1 billion, using an amalgamation of internal accruals and debt financing from local and international banks with whom Empower has close strategic relationships.

World Micro CHP Market Share by 2022 – 2032: Upcoming Trends and Analysis

In 2022, it is anticipated that the global micro CHP market will be worth US$ 1 billion. High efficiency, reduced fuel consumption, and increased power manifestations across applications, along with strict regulation in the energy sector to reduce extreme climatic conditions, will drive industry growth. Between 2022 and 2032, the overall demand for micro CHP is anticipated to increase at a CAGR of 7.2 percent, reaching about US$ 2.0 billion by that time.

The ubiquitous driving force behind the micro CHP system is the generation of heat across the residential and commercial sectors to boost energy-efficient systems with waste heat generation. The decreased maintenance and operations required are another driving factor in the micro CHP market.

Micro CHP, which has a capacity of 10 to 50 kW, is regarded as a growing technological innovation because it combines heat generation and sustenance with energy efficiency, helping to streamline market estimates. Technology-driven sustained heat production in educational institutions, military installations, and medical facilities contributes to the industry’s ongoing expansion.

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A recent uptick in the use of energy-efficient products and fervent domestic energy resource utilisation is imminent. The efficiency of micro-cogeneration (m-CHP) systems is higher than that of typical conventional electrical power generation, which makes them more important in reducing environmental leakages, conserving energy, and drastically lowering overall heating and electrical costs. The micro CHP industry is prepared with natural gas and LPG as the main heat source and is anticipating a sustainable ecosystem. Environmental eco-friendliness, cost effectiveness, and anti-corrosive output will likely prove to be factors in the industry’s growth.

Key Takeaways from the Market Study

Stirling engine-based micro CHP industry size is projected to observe over 8% CAGR through 2032 From 2017 to 2021, demand for micro CHP experienced noteworthy expansion, clocking a CAGR of 6.7% By fuel, oil-fuelled micro CHP systems sales to proliferate at a 6.7% CAGR until 2032 Gas-fuelled micro CHP to acquire surging popularity, forecast to grow at a 6.5% CAGR North America to account for more than 2/5th of global micro CHP market revenue in 2022 Asia Pacific to be one of the most promising markets, recording a 7% value CAGR

“With growing infusion of capital from the private and public sector and lying at the forefront a favourable climate for pursuing tech upgrades, abetted by strict governance in reducing climate extremities, work upholds in unison for uplifting growth in the micro CHP market”, remarks the FMI analyst.

Competitive Landscape

Strategic alliances, agreements, mergers, and acquisitions are relied upon by major players in the micro CHP sector, and they will have a positive impact on the market trend. Additionally, keeping players satisfied involves introducing new product lines. Here are a few notable examples:

As a principal manufacturer of high-efficiency heating and renewable energy systems, Viessmann offers on display comprise a complete range of heating solutions designed for today, that meet the energy challenges of tomorrow. All of our products are designed with the future in target, and built to last so you can enjoy many years of worry-free home comfort. Viessmann also offers mobile and smart home solutions to add control and convenience, so you can save time and money and help reduce the environmental effect. For providing micro CHP (micro combined heat and power), Axiom Energy Group generates heat and derives electricity on site. Plus, these systems are used in heating homes, commercial buildings and for heating pools. Generating electricity on site helps save money. Micro CHP systems of Axiom are powered up by a liquid cooled internal combustion (IC) engine with operating fuel as propane or natural gas.

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More Insights Available

In its latest offering, FMI provides a frank analysis of the global micro CHP market, including historical data from 2017 to 2021 and projected figures for the years 2022 to 2032.

The study offers a thorough examination of the market across seven major regions based on capacity (Less than 2KW, 2-10 KW, and 10-50 KW), fuel (natural gas & LPG, coal, renewable resources, oil), and prime mover (stirling engine, internal combustion engine, fuel cell, and others) (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

Sirens Market Trends, Analysis and Forecast 2022 – 2032

In 2022, the sirens market is expected to be worth US$ 170.1 million. The sirens market is expected to be worth US$ 244.0 million by 2032, with a CAGR of 3.7%.

The use of sirens, whether for announcements or on emergency vehicles such as ambulances, police cars, and fire trucks, is expected to increase. A siren is an audible alarm that alerts people to potentially hazardous situations as they develop.

Rapidly rising threats and accidents have resulted in an increase in casualties as well as lost business opportunities in developing economies. Demand for sirens is expected to rise during the forecast period as more people use security solutions.

As a result of rising threats and accidents in developing economies, the number of victims and lost business opportunities has rapidly increased. Adopting security solutions, such as sirens, is an effective way to deal with these challenges. Long-range sirens are used in mining and industrial applications, whereas motorised sirens are used in home security. Hand-operated sirens are used when there is no power or when a backup is required.

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A solar panel upgrade system to keep the batteries charged is one of the additional features of sirens, as are a variety of digital communication methods such as Ethernet, satellite, IP, fibre optic, and others. Sirens' electronics have conformal coatings that protect them from harsh environments. Some of the systems are designed to be expanded or scaled in response to future capabilities.

Omni-directional sirens can be used in areas with high noise levels and high population densities because they cover a larger area. Sirens have external controls with triggers that can be customised to meet specific needs. Bulb revolving, LED flashing, and xenon lamp strobe are examples of lighting types of sirens. The sirens' loud speakers use the most recent piezoelectric ceramic technology.

Other types of sirens are hydraulic or air-driven, and they are typically found in plants and factories. Because lithium batteries do not need to be replaced for several years, they have replaced alkaline batteries in sirens. Modern sirens employ cutting-edge technology and have applications in civil defence, emergency vehicles, security systems, and other areas. To avoid corrosion, sirens are typically made of stainless steel, aluminium, or UV stabilised polycarbonate and are outfitted with protection cages. An LED flashing siren has a semi-permanent light source and is used in locations where bulb replacement is difficult.

Outlook by Region

The United States, India, China, Japan, Australia, Germany, Singapore, and the United Arab Emirates dominate the global sirens market. This can be attributed to the increased demand for security solutions in both developed and developing economies.

Participants in the Market

Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products, and Qlight USA Inc. are some of the key market participants identified in the global siren market.

Population growth and rapid urbanisation have increased demand for security solutions. The need for security implementation has paved the way for the widespread use of electronic equipment, creating opportunities for the global sirens market. These products are popular because they are long-lasting, have a high voltage capacity, and are simple to instal. Electronic and pneumatic equipment characteristics and properties play an important role in security solutions, driving the global sirens market with an increase in diverse end-user applications such as industrial warning systems, community warning systems, campus alert systems, and military mass warning systems.

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Report Highlights:

A thorough examination of the parent market Market dynamics in the industry are changing.

Market segmentation of Polishing / Lapping Film in depth

Historical, current, and projected market volumes and values Trends and developments in the industry recently Strategies of key players and products offered in the competitive landscape Potential and niche segments, as well as geographical regions with promising growth prospects A balanced assessment of market performance Information that market participants must have in order to maintain and expand their market footprint. Detailed overview of parent market

Residential Robotic Vacuum Cleaner Market Key Players, SWOT Analysis, Key Indicators & Forecast 2022-2032

According to Future Market Insights (FMI), the global residential robotic vacuum cleaner market will grow from US$ 2.5 billion in 2022 to US$ 9.7 billion by 2032, with overall sales increasing at a 14.5% CAGR during the forecast period (2022-2032).

The growing demand for smart homes, combined with the increased implementation of connected devices, is driving the growth of the residential robotic vacuum cleaner market.

Similarly, the reduction in time required for domestic tasks is another factor influencing the residential robotic vacuum cleaner industry. Robotic vacuum cleaners for homes can quickly complete tasks such as mopping and cleaning.

Employing domestic workers may be prohibitively expensive or illegal in some countries. The robotic vacuum cleaner can help in these situations by performing tasks normally performed by domestic helpers. Vacuum cleaners with security features, such as warning owners of intruders and fires, are expected to enter the market for home robotic vacuum cleaners.

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The growing acceptance of smart homes and smart products is increasing people's proclivity for automation, which is one of the major factors driving the market for robotic vacuum cleaners.

The desire for products that are technologically advanced in their operation and useful in streamlining tasks has grown in tandem with the growth of tech-savvy people. Customers struggle to find time to clean and mop as their lifestyles and schedules change. This will have an effect on the growth of the robotic vacuum cleaner market in the long run.

Various manufacturers are constantly introducing new products in order to capitalise on emerging market opportunities. For example, in April 2021, iRobot Corp, the world leader in consumer robots, expanded its Roomba® robot vacuum lineup in India with the introduction of the new RoombaiSeries products i3 and i3+.

However, factors such as shorter battery life, inability to clean rooms with complicated structures, and higher costs of these robotic vacuum cleaners are expected to significantly limit market growth during the forecast period.

Key Takeaways: Residential Robotic Vacuum Cleaner Market

By type, the in-house residential robotic vacuum cleaner segment is anticipated to account for the leading share in the global demand for residential robotic vacuum cleaner during the forecast period while the outdoor residential robotic vacuum cleaner segment is estimated to grow at a robust CAGR of 5% through 2032. Among the charging mode, auto-battery charging segment is anticipated to grow at the highest CAGR of 2% between 2022 & 2032. By operation mode, the self-drive robot segment is anticipated to grow at a CAGR of 6% between 2022 & 2032. The U.S. residential robotic vacuum cleaner market is expected to grow at a CAGR of around 9% through 2032. The residential robotic vacuum cleaner market in India is expected to grow at 4% CAGR during the forecast period.

“Growing demand for automated equipment is expected to drive growth in the residential robotic vacuum cleaner market over the next ten years,” according to an FMI analyst.

Who is Winning?

Market players operating in residential robotic vacuum cleaner market include iRobot Corporation, Xiaomi, Neato Robotics Inc., Dyson Inc., ECOVACS, Hayward Industries Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Pentair, Milagrow Business, and Knowledge Solutions (Pvt) Limited among others.

These leading players are concentrating on introducing new and advanced residential robotic vacuum cleaners with multiple tasking features. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.

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More Valuable Insights on Residential Robotic Vacuum Cleaner Market

Future Market Insight’s report on the residential robotic vacuum cleaner operation mode research is segmented into four major sections – type (in-house robot, and outdoor robot), charging mode (manual charging, and auto-battery charging), operation mode (self-drive robot, and remote control robot), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the residential robotic vacuum cleaner demand outlook.

Residential Robotic Vacuum Cleaner Market by Category

By Type:

In-house Robot Outdoor Robot

By Charging Mode:

Manual Charging Auto-Battery Charging

By Operation Mode:

Self-drive Robot Remote Control Robot

By Region:

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

Interactive Whiteboards Market Key Players, End User, Demand and Consumption from to 2030

According to FMI's recently released global interactive whiteboards market report, Android-based whiteboards have three times more appealing elements than online whiteboards. Training, exploration, and the scholarly world vertical have shown to be the vital promoters of enormous progressions being developed of interactive whiteboards. On a global scale, there has been a surge in interest for brilliant study halls and clever learning hardware, fueling the demand for interactive whiteboards that mimic genuine communication. Clients in educational organisations are making significant investments to purchase interactive whiteboards and contact sheets in bulk and coordinate them with the institutional framework. The execution and establishment of these equipment arrangements are expected to open up new revenue streams for the global market. Request a Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-649 The desire for excellent training, the steadily expanding number of COVID-19 positive patients, and vulnerability over the coming academic year have prompted an increasing number of understudies to enrol in virtual classes, thereby propelling the market at a noteworthy rate. COVID-19 Impacts Interactive Whiteboard Market Positively Governments across the globe trying to ensure spread of COVID-19 legislated stringent nationwide lockdowns. Authorities are requesting citizens to incorporate social distancing measures, which caused a mayhem in the education industry, resulting in deferred admission, delayed exams, and no clarity about the next academic year. With strict lockdowns in effect, citizens of these countries are staying indoors and avoiding high pubic throughput venues. Students and corporate employees are required to work from home and attend lectures and meeting online. Interactive Whiteboards Market Outlook & Key Findings • The global market is estimated to record a market value worth more than US$ 400 Mn by the end of 2020 with increasing significance of e-learning and virtual learning environments • Procurement of interactive whiteboards for educational use is the primary contributor to the growth of the global interactive whiteboards market • Assembled interactive whiteboards with integrated software and collaborative tools for operational applications to drive adoption • COVID-19 pandemic to boost adoption of interactive whiteboards nationwide lockdowns and social distancing measures disrupts schools and colleges Key Strategies Incorporated by Interactive Whiteboards Market Players • Demand for interactive whiteboards continues to increase in emerging economies of Latin America and Africa where educators are tackle low budget and lack of infrastructure • Private schools in the Middle East and Africa (MEA) to use new technologies to promote themselves • Economies such as India and China are rapidly implementing a foray of smart learning initiatives, which has led to a surge in adoption of interactive whiteboards and touch boards in the regional market • Remote working to boost demand for interactive whiteboards as conferences and meetings require virtual setups • Online training to up demand for interactive whiteboards as they mimic real-life training sessions with perfect ease Get More Information on this Report @ https://www.futuremarketinsights.com/reports/interactive-whiteboard-market Competitors Focus on Innovation Strategies to Stay Ahead Well-established vendors operating in the global interactive whiteboards market are focusing on offering innovative software and collaborative tools for end users looking to upgrade their existing interactive whiteboard systems. For instance, SMART Technologies Inc. launched SMART Notebook Maestro software, as a part of the SMART Notebook Software platform enables teachers to remotely control the content that their students can view. Following are the key players operating in the global interactive whiteboards market – • Xiamen Interactive Technology Co., Ltd • SMART Technologies ULC • PROMETHEAN LIMITED • Boxlight • Seiko Epson Corporation • InFocus Corporation

Smart Parking Market Outlook, Current and Future Landscape Analysis 2022-2029

The global smart parking market is projected to exhibit a CAGR of 18% during the forecast period of 2022 to 2029. The rising trend of autonomous vehicles and the emergence of fully-automated parking systems (APS) are factors creating potential growth opportunities for the smart parking market.

According to the report, factors such as lack of parking space, rise in the number of on-road vehicles, low infrastructure set-up cost, and ease of connectivity are projected to drive the growth of the global smart parking market.

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Key Takeaways of Smart Parking Market Study

Proliferation of smartphones to enable drivers to track vacant parking slots and increasingly used outsourced parking services by hospitals, universities, and municipalities are expected to boost the smart parking market. North America dominated the smart parking market in 2018 in terms of revenue, owing to increasing smart parking initiatives in the U.S. and Canada. The parking management platforms segment is expected to gain significant traction during the forecast period, owing to increasing adoption of smart parking applications in emerging countries such as Brazil, China, Chile, India, and Indonesia. Demand for smart parking solutions in the corporate sector is expected to increase at a striking CAGR during the forecast period, owing to high demand for efficient vehicle parking management solutions and parking spaces within corporate premises. Limited parking spaces in highly populated cities and increasing security & privacy issues in the automotive industry are some of the factors hindering the growth of the smart parking market.

“Increasing vehicle ownership, growing smart city initiatives, and the emergence of fully-automated parking systems for efficient smart parking management will create numerous growth opportunities for the smart parking market in the coming years.”

Increasing Focus of Key Players on Product Innovation

Companies in the smart parking market have started investing more in speeding up the process of product development and innovation. Leading players are adopting business expansion, acquisition, and collaboration strategies in a bid to capture a significant share of the global market.

For instance, in July 2019, Cleverciti Systems, a prominent vendor of high-tech solutions for smart parking, announced the addition of the ClevercitiCard into its outdoor and indoor parking guidance system, including single-space occupancy detection, into a credit card-sized smart card.

Some of the key players in the smart parking market are:

Siemens Huawei Technologies Co. Delphi Technologies Intercomp S.p.A. Comarch SA Matrix Comsec Urbiotica

More Valuable Insights on Smart Parking Market

Future Market Insights puts forward an unbiased analysis of the global market for global smart parking market, providing historical data for 2014-2021 and forecast statistics from 2022-2029. To understand opportunities in the smart parking market, it has been segmented on the basis of component, system type, sensor technology, and application area, across seven major regions.

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Smart Parking Market Outlook by Category

By Component :

Hardware Sensors Cameras Parking Meters Digital Guidance Signage Others Software Parking Management Platforms SDK/API Services Consulting Integration & Support Services Device Management Services

By System Type:

Guided Park Assist Systems Smart Park Assist Systems

By Sensor Technology:

Ultrasonic Sensors RFID Image Sensors Others

By Application Area:

Commercial Government Corporate

By Region:

North America Latin America Western Europe Eastern Europe Asia Pacific excluding Japan Japan Middle East & Africa

Design Collaboration Software Market: Notable Developments & Geographical Outlook 2022-2032

The Design collaboration software market size is likely to register at a CAGR of 11.8% during the forecast period (2022-2032). The market is anticipated to cross a market share of US$ 10,095.5 million by 2032 while it holds a value of US$ 2,542.4 million in 2022.

The demand for design collaboration software is being fueled by the industries that are integrating their corporate structures and equipping them with the newest technology to assure higher indulgence. Government policies subsidize the manufacturing and production-based corporate structures to transform into a more sophisticated entity with the help of modern systems, expanding the design collaboration software market size. The management of the product design and brainstorming over it, as well as coordination between various teams working on highly productive activities, call for a specialized tool that aids the users in navigating through various parts and gaining access to the design controls. Vendors focus on creating their platform with a more interactive interface, faster processing, short keys, and tracking options. The software also aligns with other corporate applications such as Slack, Microsoft Teams, etc. This increases the demand for design collaboration software globally

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Key Points

North America is the biggest market in the global design collaboration software market with a market share of 33.9% while registering at a CAGR of 11.5% during the forecast period. Europe holds the second biggest market share of 19.6% for the design collaboration software market while registering at a CAGR of 12.8%. East Asia register at the fastest CAGR of 16.8% while it holds a market share of 18.8%. The growth is attributed to the increased number of businesses in the region while automated systems are being the first thing these businesses are adopting. South Asia & Pacific along with MEA thrive at significant CAGRs of 13.9% and 9.6% respectively during the forecast period. Here, South Asia and Pacific hold the bigger share of 16.5% of the global market.

Competitive Landscape

The competitors try to design this software after monitoring the problem faced by different individuals in the team. Effective communication along with the highlight tracing tools help the end user company navigate through the software according to their need. The key players adopt the strategy of acquisition, merger, and other expansionist tricks to strengthen their supply chain.

Recent Market Developments

Abobe has launched its design collaboration software solution that enables the option of creating designs while working together to move projects forward at a faster pace. IBM Corporation has introduced it’s remote collaboration that puts a virtual team together and is dedicated to team building. The platform works in the integration of other remote working apps such as slack etc.

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Design Collaboration Software Market by Category

By Solution, Design Collaboration Software Market is segmented as:

On-Premise Design Collaboration Software Cloud Based Design Collaboration Software

By Industry, Design collaboration Software Market is segmented as:

Services Distribution Services Public Sector Finance Manufacturing and Resources Infrastructure

By Region, Design Collaboration Software Market is Segmented as:

North America Europe East Asia South Asia & Pacific MEA

World Navigation Satellite System Market Share by 2022-2032: Upcoming Trends and Analysis

The global navigation satellite system market is expected to reach $3,80,322.0 million by 2032. The market for satellite navigation systems is rapidly expanding. The global navigation satellite system market is expected to be valued at US$ 1,75,344.0 Million by 2022, according to FMI analysts. Interest in navigation satellite systems is expected to grow at an 8.1% CAGR through 2032, given the development energy.

The Global Navigation Satellite System (GNSS) is a satellite-based arrangement that is used to determine the geographic location of a client's portable receiving device anywhere on the planet. Currently, three GNSS systems are in operation: the Russian Federation's Worldwide Orbiting Navigation Satellite System (GLONASS), the European Union's Galileo, and the United States' Global Positioning System (GPS).

The Global Navigation Satellite System (GNSS) arrangements have a significant impact on nations' ability to choose the position, local time, and speed of satellites in space. The organisations that build navigation satellites and hardware have observed a rapid increase in the acceptance of GNSS business applications in recent years.

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Drivers and Challenges in the Global Navigation Satellite System Technology Market

The growing importance of positioning, navigation, and timing (PNT) tools in industrial, military, commercial, and government applications is driving the market for global navigation satellite systems. Uninterrupted technological advancement is resulting in the unveiling of superior and highly efficient GNSS devices.

Many small and large players entering the market and offering competitively priced products is resulting in competitively priced GNSS/GPS receiver devices. These factors are expected to propel the global navigation satellite system technology market forward.

The ease of access that leads to cyber threats, as well as the difficulty of storing unstructured data, are some of the constraints that limit the growth of the global navigation satellite system technology market.

Regional Outlook for the Global Navigation Satellite System Technology Market

North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa are the regions that make up the global Navigation Satellite System Technology Market.

The advancement of technology and growing interest in positioning techniques based on Global Navigation Satellite Systems (GNSS) such as Global Positioning System (GPS), cellular network infrastructure, or the integration of the two technologies for applications such as tracking systems, Automatic Vehicle Location (AVL), navigation has led to development in the navigation systems of various countries such as the United States, India, and China.

Competition in the Global Navigation Satellite System Technology Market

A significant number of vendors providing global navigation satellite system technology solutions dominate the market. The competition among leading vendors is fierce in terms of quality, security, and solutions.

Qualcomm, Broadcom, MediaTek, SkyTraq, Intel, STMicroelectronics, FURUNO, Raytheon Company, Rockwell Collins, TomTom NV, Topcon Corporation, Trimble Navigation Ltd., and u-blox are some of the key players in the navigation satellite system technology market.

The research report provides an in-depth analysis of the market and includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections based on an appropriate set of assumptions and methodologies. The research report analyses and provides information based on market segments such as geography, application, and industry.

What is the state of the start-up ecosystem in the market for navigation satellite systems?

Qualcomm, Broadcom, MediaTek, SkyTraq, Intel, STMicroelectronics, FURUNO, Raytheon Company, Rockwell Collins, TomTom NV, Topcon Corporation, Trimble Navigation Ltd., and u-blox are among the leading companies in the global navigation satellite system market.

Sygic has been experimenting with technologies to develop smartphones equipped with Bluetooth and GNSS sensors, which aid in tracing suspected infection contacts in order to combat the spread of the COVID-19 pandemic.

The improved reflectometry measurement quality has been attributed to road restrictions and a reduction in the number of cars parked near ground stations in September 2020. This has significantly reduced signal scattering and improved measurement quality.

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Global Navigation Satellite System Technology Market: Segmentation

By Application:

Agriculture Aviation Location-Based Services (Lbs) Maritime Road Rail Surveying Timing And Synchronization

By Satellite Technology:

Constellations Satellite-Based Augmentation Systems (SBAS) GPS GLONASS Galileo BeiDou

By Region:

North America Latin America Europe Asia Pacific Middle East and Africa

Augmented Analytics Market Expectations & Growth Trends Highlighted from 2022-2032

The market for augmented analytics is expected to reach $7.2 billion by 2022. The market will be worth $50.9 billion by 2032, growing at a CAGR of 21.6%.

According to FMI, the adoption of augmented analytics solutions across organisations for automatic data preparation, survey analysis, and the reduction of manual processes will boost market growth. With machine learning-augmented analysis processes, these solutions facilitate data cleaning, insight generation, and data collection.

Advanced analytics is quickly becoming a valuable tool in a variety of industries. With the addition of augmented analytics, businesses no longer need to hire a data scientist to interpret data. The solution democratises data, allowing all businesses, no matter how large or small, to extract meaningful insight from their data sources.

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When it comes to e-commerce personalization, an augmented analytics solution can find patterns in data quickly and easily. E-commerce and internet advertising companies amass massive amounts of customer data.

According to e-commerce firm Barilliance, increased personalization and product recommendations increase a buyer's average number of cart items. Retailers can use augmented analytics to track online behaviour across multiple platforms, such as web browsers, mobile devices, and apps, and then integrate, analyse, and act on that information to better serve customers and increase conversion rates. Thus, advanced personalization in retail/e-commerce will aid the growth of the augmented analytics market in the coming years.

While software tools are available to assist organisations in visualising and communicating the analysis completed by data scientists to organisational decision-makers, the majority of these tools do not analyse the data. Any size organisation can benefit from augmented analytics. As a result, over the forecast period, the adoption of augmented analytics solutions will increase.

Key Takeaways:

Based on solution, demand in the services segment is expected to grow at a CAGR of 24.6% through 2032. In terms of enterprise size, the adoption of augmented analytics solution in small and mid-sized enterprises (SMEs) is anticipated to increase at a CAGR of 23.8% over the forecast period. By industry, sales of augmented analytics solution in the BFSI sector are anticipated to grow at a CAGR of 25.8% between 2022 & 2032. North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing markets between 2022 & 2032.

Leading Companies Profiled in Augmented Analytics Market are

Salesforce SAP IBM Microsoft Oracle

Competitive Environment

To provide improved technology and upgraded solutions, leading vendors in the global augmented analytics market are introducing new products and services in emerging markets. As an example:

SAS, a provider of business analytics software and services, will launch a year-long certificate programme in Applied Artificial Intelligence and Machine Learning (AI & ML) for business and decision analysis in March 2022 in collaboration with the Indian Institute of Technology Kanpur (IIT Kanpur). The applied AI & ML for business decision analysis course will provide top IIT Kanpur faculty as well as SAS with relevant information and skills. Pyramid Analytics and Delaware announced their partnership in February 2022, under which the two companies will jointly market, deploy, and provide consulting services for the Pyramid Platform for decision intelligence. The Pyramid Analytics decision intelligence platform will be available to over 3,000 Delaware consultants.

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Augmented Analytics Outlook by Category

By Solution:

Augmented Analytics Software Services

By Enterprise Size:

Large Enterprises Small and Mid-Sized Enterprises (SMEs)

By Industry:

BFSI Retail IT & Telecom Manufacturing Healthcare Government Others

By Region:

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