Motor Soft Starters Market Rides the Wave of Fourth Industrial Revolution, Targeting US$ 3.7 Billion by 2033

According to a Future Market Insights (FMI) report, the motor soft starters market is anticipated to be worth US$ 2.3 Billion in 2023 advancing at a rate of 4.8% over the course of the forecast period to reach US$ 3.7 Billion by 2033.

The motor soft starters market is witnessing a transformation driven by the integration of Industrial Internet of Things (IoT) technologies. This trend is shaping the landscape as industries increasingly adopt smart solutions for efficient motor control and management.

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The increasing demand for automation across various industries, including manufacturing, oil and gas, and water treatment, is driving the adoption of motor soft starters. These devices are instrumental in ensuring smooth and controlled motor operation within automated systems.

The convergence of motor soft starters with IoT is revolutionizing the way businesses manage their electric motors, ultimately contributing to improved performance and resource utilization across various sectors.

Energy efficiency is a paramount concern for industries striving to reduce operational costs and minimize their environmental footprint. Motor soft starters play a pivotal role in this endeavor by enabling motors to operate at optimal efficiency levels, resulting in significant energy savings.

With the growing emphasis on sustainability and environmental responsibility, industries are increasingly turning to motor soft starters to improve the efficiency of their electric motors. By reducing energy consumption and minimizing mechanical stress, these devices align with sustainability goals, in turn catalyzing the market growth on the whole.

Key Takeaways from Motor Soft Starters Market Report:

  • The motor soft starters industry in the United States is predicted to hold a value share of US$ 640 Million globally by 2033.
  • The motor soft starters market in the United Kingdom is projected to be expanding at a CAGR of 5% from 2023 to 2033.
  • During the forecast period, the motor soft starters industry in China is expected to secure a CAGR of 6%.
  • The market size for motor soft starters in Japan is estimated to reach US$ 542 Million by 2033.
  • By voltage, the low voltage sub-segment is expected to dominate the industry at 6% CAGR from 2023 to 2033.

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Competition Landscape in the Motor Soft Starters Industry:

In the highly competitive landscape of the motor soft starters industry, market players are continuously striving to gain a competitive edge by innovating their product offerings, expanding their global presence, and focusing on customer-centric solutions.

The industry is characterized by the presence of several leading players who often engage in strategic partnerships, mergers, and acquisitions to strengthen their market position and extend their product portfolios.

With the increasing demand for energy-efficient solutions and the integration of advanced technologies like IoT and automation in industrial applications, the market for motor soft starters has witnessed a surge in demand.

This has prompted companies to invest significantly in research and development to introduce intelligent soft starters that can optimize motor performance and enhance energy efficiency.

The fourth industrial revolution has accelerated the need for product diversification as industries increasingly rely on automation for enhanced productivity and cost-effectiveness.

Key Players Profiled in the Motor Soft Starters Market Report:

  • Siemens AG
  • ABB Ltd
  • General Electric Company
  • Schneider Electric SA
  • Eaton Corporation PLC
  • Rockwell Automation, Inc
  • Emerson Electric Company

Motor Soft Starters Industry Segments:

By Voltage:

  • Low
  • Medium

By End Use:

  • Oil & Gas
  • Mining
  • Power
  • Water & Wastewater
  • Other End-usesTop of Form

Street and Roadway Lighting Market Forecasted to Reach US$ 16.4 Billion by 2033

street and roadway lighting market plays a vital role in ensuring safe and efficient nighttime traffic flow, pedestrian safety, and a sense of security in our communities. This market is experiencing steady growth, driven by a confluence of factors. Let’s delve into the current landscape of the street and roadway lighting market, explore the opportunities it presents for manufacturers, and illuminate the path towards its future scope.

Current Scenario: 

  • Urbanization and Infrastructure Development: Rapid urbanization and ongoing infrastructure development projects in emerging economies are creating a demand for new and efficient street lighting systems.
  • Focus on Safety and Security: Improved street lighting enhances visibility for drivers and pedestrians, leading to a reduction in traffic accidents and crime rates. Governments are increasingly investing in upgrading their lighting infrastructure to prioritize safety.
  • Shift towards LED Technology: The growing adoption of LED technology is a major driver of market growth. LED lights offer superior energy efficiency, longer lifespans, and lower maintenance costs compared to traditional lighting solutions.
  • Smart Lighting Systems: The rise of smart city initiatives is leading to a growing demand for smart street lighting systems. These systems integrate sensors, controls, and connectivity features to enable remote monitoring, dimming capabilities, and data-driven lighting management.

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Opportunities for Manufacturers: 

The street and roadway lighting market presents a multitude of opportunities for manufacturers who can capitalize on these trends:

  • Innovation in LED Technology: Developing even more efficient and powerful LED fixtures with improved lumen output and lifespan will be a key differentiator.
  • Smart Lighting Solutions: Focusing on the development of user-friendly and cost-effective smart lighting systems that integrate seamlessly with existing infrastructure will be crucial.
  • Focus on Sustainability: Offering eco-friendly lighting solutions with features like solar power integration and dimming capabilities will cater to the growing demand for sustainable practices.
  • Cybersecurity Considerations: As smart lighting systems become more prevalent, ensuring robust cybersecurity measures to protect against potential vulnerabilities will be essential.
  • Data Analytics and Optimization: Developing platforms that leverage data collected from smart lighting systems to optimize lighting schedules and predict maintenance needs will be a valuable offering.

Future Scope: 

The future of the street and roadway lighting market is expected to be bright, driven by several key trends:

  • Integration with IoT: Street lighting systems will likely become more integrated with the Internet of Things (IoT) ecosystem, enabling real-time data collection and integration with other city services.
  • Focus on Aesthetics: The design of street lights will likely evolve to incorporate aesthetic considerations, balancing functionality with visual appeal for a more harmonious streetscape.
  • Human Centric Lighting: The development of human centric lighting solutions that consider the impact of light on human health and well-being will be a growing area of focus.
  • Li-Fi Integration: Li-Fi technology, which uses light to transmit data, has the potential to be integrated with street lighting infrastructure, creating a network of public Wi-Fi hotspots.

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Marine Communication Market Sets Sail Towards Remarkable Achievement: Envisioned to Reach US$ 10,082.5 Million by 2033

The global marine communication market size is projected to cross a valuation of US$ 4,699.2 million in 2023. The market is expected to showcase a significant CAGR of 7.9% from 2023 to 2033.

Modern satellite communication must be managed to be fully integrated into the current communications and reconnaissance architectures. To boost operational agility, new terrestrial communication networks are available due to the development of satellite communication infrastructure. To shorten the temporal gaps and cover a wider area, numerous technology providers are creating improved satellite systems.

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The key to ensuring the safety of ships in the marine industry may be to maintain effective communication. All ships and vessels operating on the water must maintain effective maritime communication to guarantee the efficient facilitation of trade and other activities. With effective satellite communication, the crew on board ships can link with other ships and teams. This helps to keep them informed of the present circumstances on board in real-time, hence lowering errors and enhancing efficiency.

Over the projection period, demand is likely to increase due to expanding investments made across numerous nations to upgrade the navy fleet’s antiquated systems. To avoid difficulties like piracy, international conflicts, and border infiltrations among others, the military and security sector must maintain connections with zero latency. Consequently, the attention of the coast guard, the navy, and other security agencies is turning to maritime satellite communication.

An important driver propelling the market forward is the growing adoption of sophisticated satellite systems and big data computing applications, Additionally, the growing understanding of the advantages of cloud solutions also aids market growth. Additionally, the market is anticipated to benefit from greater integration of satellite and mobile communication technologies.

Key Takeaways from the Marine Communication Market Report:

  • In 2018, the global marine communication market size stood at US$ 3,251.5 million.
  • The market size stood at US$ 4,420.7 million in 2022.
  • The market expanded at a modest CAGR of 5.8% from 2018 to 2022.
  • In 2022, the marine radio devices segment captured a 25.1% market share. The sat phone and internet devices for marine may boost significantly.
  • In 2022, the integration & installation services registered a 44.8% market share.
  • In 2022, the United States captured 16.4% shares in the global market.
  • The United Kingdom marine communication market registered 12.4% market shares in 2022.
  • In 2022, China marine communication market registered 14.2% market shares globally.

Recent Developments Observed by FMI:

  • Boeing introduced a new military satellite in April 2023 that includes an anti-jam payload for better communication on the battlefield. Boeing’s Protected Tactical SATCOM Prototype is incorporated into the new Protected Wideband Satellite (PWS) design.
  • Northrop Grumman disclosed that it is developing geostationary communication satellites in April 2023. The American army chose the business to create Protected Tactical SATCOM prototype payloads.
  • The Indian Army and NewSpace India Limited agreed to a US$ 365 million contract in March 2023 for the purchase of an advanced communication satellite.

Key Players in the Global Marine Communication Market

  • Icom Inc.
  • Inmarsat
  • Furuno Electric Co. Ltd.
  • Garmin Ltd.
  • FLIR Systems Inc.
  • Cobham SATCOM
  • Navico
  • Jotron
  • Intellian Technologies
  • Bochi Corporation
  • Avatec Marine

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Marine Communication Market Segmentation:

By Product:

  • Marine Radio Services
    • Fixed-mount VHF Marine Radios
    • Handheld Marine VHF Radios
    • MF/HF Radios
  • Marine Multifunction Displays (MFDs)
  • Automatic Identification Systems (AIS)
    • AIS Transponders
    • AIS Receivers
  • Vessel Monitoring System (VMS) Terminals
  • Marine Radars
  • VHF Data Exchange System (VDES)
  • Maritime Sat Phone & Internet Devices
  • Others

By Service:

  • Consulting Services
  • Integration & Installation Services
  • After-sales Support & Maintenance Services

By Application:

  • Fishing Boats/Vessels
  • Merchant Ships
  • Recreational Ships
  • Working Vessels
  • Others

By Region:

  • North America
  • South America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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T: +1-845-579-5705
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Marketing Transcription Market: Riding the Wave of Growth with 8.6% CAGR, Anticipating US$ 4.4 Billion by 2033

The global marketing transcription market is expected to be worth US$ 1.9 billion in 2023. The market is expected to reach US$ 4.4 billion by 2033, growing at an 8.6% CAGR from 2023 to 2033.

Marketing research practice management has changed dramatically in today’s technology-driven world. Advances in speech recognition technologies have fueled the marketing transcription industry. Automatic speech recognition opens up a huge opportunity for quickly transcribing high-quality audio or video recordings that meet evidentiary standards.

Speech recognition converts speech into text by recognizing spoken words. The textual information produced by speech recognition software is analyzed in order to gain useful insights.

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The growing volume of video and audio content necessitates the use of transcription services. Companies in the technology sector are rapidly developing tools that can process data more swiftly and precisely. Transcribers can conserve a significant amount of time and accomplish a greater accuracy rate for audio and video transcription with the help of Artificial Intelligence (AI).

AI applications are created by analyzing millions of previous cases in order to produce accurate results. While technology would never replace humans, it can help transcribers by automating the majority of the transcription work that transcribers must oversee and edit for errors. AI technologies allow transcription companies to gain insight into their data in order to increase efficiency, gain a competitive edge, and expand their business areas.

Key Takeaways from the Marketing Transcription Market Report:

  • In 2022, Germany had a market share of 8.20%.
  • The consumer forums segment is expected to grow at a 13.2% CAGR.
  • The BFSI industry segment dominates the global marketing transcription industry, accounting for 32.6% of total market value by the end of 2022.
  • During the forecast period, the China market is expected to grow at a 7.60% annual rate.
  • The United States is the dominant country in the global marketing transcription market, accounting for approximately 59.80% of the market in 2022.

Competitive Landscape:

Leading competitors in the marketing transcription market use new solution introductions and strategic partnerships to increase their earnings. To increase their market share, marketing transcription providers are focusing on software/service innovation.

  • In September 2021, OOONA collaborated with Captionmax LLC to launch a mobile application that assists project managers and translators with remote work. Users can respond to messages, display dashboards, and verify assignments on their own computers, and they can work on less critical tasks without using a computer.
  • In September 2020, Nuance Communication Inc. and Microsoft Corp. will release Nuance Dragon Ambient Experience. It is an ambient clinical intelligence (ACI) solution integrated with Microsoft Teams that records virtual patient-doctor meetings in order to generate clinical data that can be used to improve consultation perception.

Leading Key Players:

  • Synergy Transcription Services
  • Crimson Interactive Pvt. Ltd
  • Rev.com
  • TranscribeMe Inc.
  • Way With Words Ltd.
  • Elite Office Solutions, Inc.
  • GOTRANSCRIPT LTD
  • e24 Technologies
  • Voxtab
  • Digital Nirvana Inc.

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Marketing Transcription Industry Segmentation:

By Solution:

  • Software
    • Audio to Text Converter
    • Video to Text Converter
  • Service
    • Audio Transcription Services
    • Video Transcription Services
    • Custom Transcription Services

By Type:

  • Consumer Forums
  • Group Recordings
  • Phone Recordings
  • Interviews
  • Marketing Research
  • Focus Groups
  • Others

By Industry:

  • BFSI
  • Education
  • Media & Entertainment
  • IT & Telecom
  • Retail & Consumer Goods
  • Government
  • Others

By Region:

  • North America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa
  • Latin America

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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IoT for Cold Chain Monitoring Market Poised for Remarkable Growth, Anticipated CAGR of 13.9% Envisions US$ 23.1 Billion Industry by 2033

The global IoT for cold chain monitoring market was valued at US$ 5.5 billion in 2022. It is expected to experience steady growth, with a projected compound annual growth rate (CAGR) of 13.9% from 2023 to 2033. By 2033, it is anticipated that this market will reach a total value of US$ 23.1 billion.

IoT technologies can utilize data that exists within the physical environment to unlock the business value across the cold chain in the form of brand equity, reduced waste, and return on investments. The web-based platform leverages real-time information from the manufacturing, production, storage, and distribution stages to help companies monitor and manage asset health, temperature, workflow, vehicle location, and environmental data.

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IoT offers a multitude of benefits and has been adopted across diverse industries for cold chain monitoring. According to FMI, the healthcare & pharma segment is estimated to register a CAGR of 16.1% during the forecast period as the medicines and drugs are highly temperature sensitive and need to be stored and transported at consistent temperature levels so the supply chain operators are opting for IoT for a cold chain monitoring solution for storing and transporting pharma products.

Key Takeaways: IoT for Cold Chain Monitoring Market

  • The global IoT for cold chain monitoring market is estimated to register a CAGR of 13.6% during the forecast period of 2021-2031
  • The U.S. will continue leading the market, accounting for 86.7% of North America in 2021
  • The U.K. will remain a key market in Europe, exhibiting 10.8% Y-o-Y growth in 2021
  • Demand from Germany and France will continue increasing through 2031
  • While growth exhibited by Japan and South Korea is expected to increase at an accelerated pace, over half of the East Asia market will be accounted for by China through the forecast period

COVID-19 Impact Analysis on IoT for Cold Chain Monitoring Market:

As the world is struggling with the COVID-19 pandemic, cold storage companies are working to ensure that there are enough fresh products to buy. Due to COVID-19 the adoption of IoT sensors for cold chain monitoring is increasing the sensors help to collect, and analyze light, humidity, and temperature as well as send notifications with location details if any issue arises.

Cold chain management has emerged as a crucial factor during the pandemic. As governments and other entities have started COVID-19 vaccine distribution the demand is increased for cold chain monitoring. Cold chain management maintains the necessary refrigeration levels of temperature-sensitive coronavirus vaccine across manufacturing, transportation, storage, and distribution processes.

Adoption of IoT Technology is Driving the Market Growth

IoT adoption is increasing in response to the increasing awareness regarding the use of IoT in business and the benefits of using IoT technologies is increasing. In emerging countries, governments are announcing the plan to set up an IoT institute for developing IoT in automation, robotics, healthcare, and other industries as smartphone usage is increasing and there is the availability of a strong network of fourth-generation broadband and data centers.

The adoption of IoT will increase in various industries for different purposes as the adoption of IoT in cold chain monitoring will help companies to monitor and manage the products and prevent them from damage.

Leading Key Players:

  • Huawei Technologies
  • Aeris Communication
  • HC Technologies
  • SenseGiz Inc.
  • Zebra Technologies
  • TE Connectivity
  • Moschip Technologies Limited
  • Laird Connectivity
  • Roambe Corporation
  • Cisco Systems Inc.

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IoT for Cold Chain Monitoring Market Segmentation:

By Component:

  • Hardware
    • IoT Temperature/Humidity Sensors
    • Data Logger
    • Others
  • Software
  • Services
    • Integration & Installation
    • Consulting
    • Support & Maintenance

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Industry:

  • Healthcare & Pharma
  • Retail & CPG
  • Food & Beverage
  • Chemicals
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Digital Commerce Platform Market Set to Reach US$ 51.16 Billion by 2033, Driven by 18.2% CAGR

The global digital commerce platform market is anticipated to grow from a value of US$ 9.61 billion in 2023 to US$ 51.16 billion by 2033, booming at an astounding CAGR of 18.2%.

The usage of a digital commerce platform, also known as an e-commerce platform, is used for conducting online and mobile commerce transactions for the sale and purchase of products and services. Merchants can host and create a digital storefront for a particular set of services or goods using a digital commerce platform. It entails placing an order for digital content that is likely to be consumed immediately online.

Enterprises are investing in innovative digital business models as a result of the growing demand for digital commerce, which is likely to improve the consumer experience. Businesses are making use of social media platforms’ advantages to learn more about their consumers and better serve them by identifying their customers’ satisfaction and dissatisfaction levels. The accessibility and visibility of the consumer experience have changed due to digital commerce.

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Businesses are also modernizing their internal procedures. In the near future, the rising use of smartphones, tablets, and broadband connections is anticipated drive market expansion for digital commerce platforms globally. Throughout the years, cloud computing progressed considerably, which currently delivers considerable savings by cutting the opportunity cost of in-operation technology. As a result, several suppliers have begun to provide cloud services to clients.

Large organizations are benefiting from this trend, thus in recent years, sectors including email marketing service providers, CRM, support, and customer engagement have entirely shifted to the cloud. The emergence of hybrid clouds has elevated cloud services to the status of cutting-edge technology. A cloud computing infrastructure known as a hybrid cloud combines private cloud, on-premises cloud, and public cloud services. As a result, during the forecast period, rising demand for cloud services is anticipated to fuel market expansion.

A centralized platform where customers can browse, buy, discuss experiences, and receive rewards is always in demand. The digital commerce platform satisfies all of the consumer’s criteria. Also, the goal of digital technology is to close the gaps in the consumer purchasing experience. These innovations give customers the smooth shopping experience they want.

Customers are finding the purchasing procedure to be more streamlined because of the freedom to select delivery from a variety of physical and online commerce methods. It is drawing new customers to e-commerce sites. The customer experience is influenced directly or indirectly by the touch points, which are the points at which customers interact with the vendor. The purchasing process is just as important from the customer’s perspective as the points of contact following the transaction.

The adoption of e-commerce platforms in North America is growing at a faster rate because of the existence of key players in the sector and a surge in online business owners in the United States and Canada. Due to these factors, North America is anticipated to have the leading global market for digital commerce platforms throughout the forecast period.

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Key Takeaways from the Digital Commerce Platform Market Report:

  • The market in the United Kingdom is predicted to rise to exhibit a CAGR of 20.4% through 2033.
  • The United States is expected to develop at an 18.3% CAGR during the forecast period.
  • In China, the market is expected to proliferate, registering a CAGR of 21.1% over the forecast period.
  • Germany is estimated to grow decently registering a CAGR of 18.4% until 2033.
  • In India, the market is likely to flourish at a CAGR of 22.9% during the forecast period.
  • With a CAGR of 17.1%, the market in Japan is likely to expand significantly until 2033.

Competitive Landscape:

Key players in the digital commerce platforms market are Shopify Inc., SAP SE, Oracle Corporation, Magento Commerce, Salesforce.com Inc., BigCommerce, WooCommerce, Sitecore, Kentico Software, Unilog Content Solutions Pvt Ltd., and others.

These market players are actively engaged in developing and implementing sophisticated technologies and strategies to enhance their competitive positioning and gain market share. They are also utilizing advanced technologies like blockchain, machine learning, and artificial intelligence to develop creative solutions that simplify the digital commerce experience for both businesses and consumers.

Likewise, they are spending massively on developing omnichannel experiences that are smooth across all platforms, including mobile, in-store, and online. To provide their customers with end-to-end digital commerce solutions, these manufacturers are also enhancing their capacity to deliver a different variety of services.

Recent Developments:

  • In March 2023, to advance its data management offering, SAP unveiled the SAP Datasphere solution. Access to business-ready data throughout the data environment is made simple for customers.
  • In January 2023, Shopify introduced Commerce Components by Shopify which is a fresh and integrated stack for business retail, to combine Shopify components with their own systems.

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Key Segments of Digital Commerce Platform Industry Survey

By Component:

  • Digital Commerce Platform Solutions
    • Digital Commerce Platforms
    • e-Commerce APIs
  • Digital Commerce Platform Services
    • Design & Implementation
    • Consulting
    • Support & Maintenance

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By End-use Industry:

  • Food & Beverages
  • Fashion & Apparels
  • Health & Beauty
  • Electronics
  • Automotive
  • Home & Furniture
  • Media & Entertainment
  • Others

By Region:

  • North America Digital Commerce Platform Market
  • Latin America Digital Commerce Platform Market
  • Europe Digital Commerce Platform Market
  • East Asia Digital Commerce Platform Market
  • South Asia & Pacific Digital Commerce Platform Market
  • Middle East & Africa (MEA) Digital Commerce Platform Market

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Endpoint Protection Platforms (EPP) Market: Projections Indicate a US$ 10.3 Billion Surge by 2033, Fueled by 10% CAGR

The endpoint protection platforms (EPP) market is predicted to be worth US$ 3,980 million in 2023, and rise to US$ 10,323.09 million by 2033. Initially, the global market was expanding at a CAGR of 7.9% from 2018 to 2022.

Government and public sectors are expanding drastically as a consequence of this industry’s growing digitalization and automation. Due to the growing use of cutting-edge technology to protect its assets, the IT and telecom industry is anticipated to have a significant market share throughout the forecast period.

Endpoint security solutions safeguard the network as well as the ports of entry that connect internal data to remotely connected devices like laptops, smartphones, and connected gadgets. It is regarded as the primary cybersecurity solution for protecting different company networks. Bring-your-own-device (BYOD) policies are projected to be implemented more frequently, which is likely to spur market expansion.

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The importance of endpoint detection and response (EDR) in endpoint protection solutions drives the high-profit margins in the industry. Advanced preventative measures like Next-Generation Antivirus, which can stop both known and undiscovered malware, also contribute to the market expansion.

Key Takeaways from the Endpoint Protection Platforms (EPP) Market Report:

  • In 2023, the United States is expected to develop significantly in the endpoint protection platforms (EPP) market, with a size of US$ 1,095.6 million.
  • The endpoint protection platforms (EPP) market was significantly expanding, with a size of US$ 3,628.1 million in 2022.
  • The market shows amazing opportunities due to the rising advanced technology, and expects a Y-o-Y growth of 9.7% in 2023.
  • The market in China is anticipated to expand at an adequate CAGR of 10.2% by 2033.
  • In 2023, Germany is likely to expand in the endpoint protection platforms (EPP) market, with a size of US$ 405.2 million.
  • Canada is anticipated to expand at an adequate CAGR of 8.9% by 2033.
  • The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 10.2% by 2033.
  • Based on the end use, the BFSI industry is likely to lead the market and expects a size of US$ 1,042.3 million in 2023.
  • Based on the deployment type, the cloud-based segment continues to dominate the sector during the forecast period, with a CAGR of 12.3%.

Key Strategies in the Industry

The endpoint protection platforms sector is very crowded worldwide. The market entry of newcomers is being aided by the rise in both the number of cybercrimes and the possession of devices.

By incorporating cutting-edge technologies like AI, machine learning, and others into their current products, market participants focus on providing sophisticated and reliable endpoint protection solutions.

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Recent Developments

  • AO integrated endpoint security solutions have been released by Kaspersky Lab for medium and enterprise-sized enterprises. The business has combined its endpoint solution with Kaspersky Sandbox, Kaspersky Endpoint Detection and Response Optimum, and a cloud management panel. The business is providing enterprises with cutting-edge solutions as a result of the rising endpoint threats.
  • February 2019 – SafeBreach and BlackBerry Limited Cylance worked together to offer automated endpoint security. The business wants to minimize business risks and give its clients the right advice.

Leading Key Players:

  • Palo Alto Networks
  • Cisco Systems
  • Fortinet
  • CrowdStrike
  • FireEye
  • F-Secure
  • McAfee
  • Microsoft
  • Check Point Software Technologies
  • Broadcom
  • OpenText

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Endpoint Protection Platforms (EPP) Market segmentation:

By Solution:

  • Endpoint Protection Platforms (EPP)
  • Services
    • Professional Services
      • Security Consulting
      • Training and Education
      • Support & Maintenance
    • Managed Services

By Deployment Mode:

  • On-premise Endpoint Protection Platforms
  • Cloud-based Endpoint Protection Platforms

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Government and Defense
  • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecom
  • Retail and e-Commerce
  • Energy and Utilities
  • Manufacturing
  • Education
  • Others

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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UVC Disinfection Products Market: Projected Surge to US$ 41,195.4 Million by 2033 Driven by Global Health Imperatives

The global UVC disinfection products market is anticipated to create an absolute dollar opportunity over the assessment period by registering a CAGR of 15.5%. The global market is likely to be totaled at US$ 9,722.5 Million in 2023 to reach US$ 41,195.4 Million by 2033.

According to the Future Market Insights historical analysis, the global UVC disinfection products market grew at a CAGR of 12.0% from 2018 to 2022. As per the estimations, UVC disinfection product sales represent approximately 75% of the disinfection equipment market. This is driven by the continuous development of disinfection technologies.

Various factors including the rising need for UV lights, UVC disinfection robots, UVC disinfection chambers, UVC portable sanitizers, and other ultraviolet disinfection systems are expected to continue pushing sales in the forthcoming years. In addition to that, the growing need for such products to disinfect the air, water, and surfaces is on the rise.

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These disinfectants have maximum utilization in places such as hospital medical centers, retail & shopping complexes, corporate offices, and public transit among others. These aforementioned factors are anticipated to augment the growth of the market over the forecast period.

UVC disinfection products can also be used for surface irradiation including coils, filters, food production, and food preparation among others. Furthermore, they are used on an on-the-fly-kill basis for infectious disease applications to in-room upper-air UVGI (ultraviolet germicidal irradiation) to general indoor air quality concerns.

Key Takeaways from the UVC Disinfection Products Market Report:

An infectious illness outbreak is able to transcend national and international borders within a few hours in the advent of infectious diseases transmitting fast due to global travel. Furthermore, thousands of people and businesses have been affected by diseases such as SARS, H1N1, Ebola, and swine flu.

UV disinfection lamps are rapidly being deployed in order to destroy lethal flues and reduce its transmission in schools, hospitals, airports, railway stations, and other locations. In addition to that, key market players are working towards launching UV disinfection lamps to combat flu viruses on surfaces. Such factors are expected to augment the growth of the market in the forthcoming years.

Leading Key Players:

  • OSRAM GmbH
  • Light Sources Inc.
  • Uniq (LYFRO)
  • American Ultraviolet
  • Atlantic Ultraviolet Corporation
  • UVC Cleaning Systems
  • Hitech Ultraviolet Pvt. Ltd.
  • MBR UV-C Light Products
  • Skytron, LLC
  • Changxing Leboom Lighting Product Co., Ltd.
  • Guangdong Liangeyuliang Photoelectric Technology
  • Jiangyin Feiyang Instrument Co., Ltd.
  • Changzhou Maxtree Technology Co., Ltd.
  • Guangzhou Jino Lighting Co., Ltd.
  • Hönle AG

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More Insights into the UVC Disinfection Products Market

The European region is expected to showcase positive growth prospects in the global UVC disinfection products market over the projection period. Germany is likely to attract maximum sales by registering around 24.6% of the market share in 2033.

Growth in Germany is attributed to the increasing emphasis on safety guidelines published by the Global Lighting Association. These guidelines are regarding the importance of germicidal ultraviolet radiation in inactivating surface viruses and urging to ensure UV-C product availability across the regional market.

The North American region is anticipated to create lucrative growth opportunities over the assessment period by accounting for the maximum market share of nearly 81.8% through 2031. Moreover, the increasing requirement to undertake extensive hospital disinfection products in order to limit the spread of flue and viruses in the country is anticipated to augment growth in the market.

Sales in developing countries like India is predicted to create promising growth prospects over the assessment period. India is estimated to increase at an impressive 25.6% CAGR between 2023 and 2033. These products are rapidly evolving with new technologies and methodologies in India.

Growing focus on developing advanced disinfection technologies among academic and research institutions, government organizations, and manufacturers is providing impetus to sales in the country.

The unit of UVC mobile room sanitizers is estimated to account for 28.5% of the total market share by 2031. Furthermore, the rising demand in hospitals and commercial places as these products help fight against health-associated infections and protect individuals from getting infected. These sanitizers are mostly used for getting rid of germs in hidden places as they can be installed and operated anywhere.

The UVC disinfection robot segment is anticipated to create opulent growth by accounting for a total of 19.3% of the market. Furthermore, this segment is expected to continue its dominance throughout the projection period.

UVC Disinfection Products Market Segmentation:

By Product:

  • UVC Sanitizing/Germicidal Lamps
    • HVAC Lamps
    • Wall-mounted Lamps
    • Ceiling-mounted Lamps
  • Handheld Sanitizer Wands
  • UVC Sanitization Box/Containers
  • UVC Mobile Room Sanitizers Units
  • UVC Disinfection Robots

By Commercial Application:

  • Retail & Shopping Complexes
  • Hospital & Medical Centres
  • Corporate Offices
  • Entertainment Facilities & Parks
  • Public Transit (Airports, Railway Stations, Ports etc.)
  • Public Assembly Facilities (Convention Centers, Stadiums, Arenas etc.)
  • Others

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cable Connectors and Adapters Market Size Reaching to US$ 178.8 billion Valuation by 2033

According to a Future Market Insights (FMI) report, the cable connectors and adapters market is forecasted to garner revenue of US$ 178.8 Billion in 2033, up from US$ 83.6 Billion in 2023, advancing at a rate of 7.9% from 2023 to 2033.

In the evolving realm of cable connectors and adapters, an exploration of innovative trends is underway, with a special emphasis on high-speed solutions. The increasing demand for seamless and efficient connectivity across various devices drives this transformation.

As our reliance on swift data exchange grows, the market is witnessing a surge in advancements geared toward enhancing data transmission rates and overall performance.

This shift is especially pertinent in our current age, where rapid and effective communication has become indispensable across various sectors, from everyday consumer electronics to critical industrial applications.

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Manufacturers are dedicating significant efforts to research and development to create connectors and adapters that cater to this surging demand for accelerated data transfer, marking a pivotal transition in the market’s trajectory.

The rise of USB Type-C connectors, for instance, has revolutionized the way we connect and power our devices, offering versatile compatibility and rapid data transfer capabilities.

Industries spanning automotive, telecommunications, healthcare, and beyond are undergoing a sweeping digital transformation, and cable connectors and adapters are at the forefront of this evolution.

The automotive sector, for example, is embracing electric vehicles and autonomous driving technologies, fueling the need for connectors that can transmit high-speed data between various vehicle systems.

The demand for miniaturization and lightweight solutions must be met without compromising performance or durability. The market’s response to these challenges is pivotal in determining its trajectory in the coming years.

Key Takeaways from Cable Connectors and Adapters Market Report:

  • By 2023, the United States of America is to hold a revenue share of US$ 30.6 Billion in the cable connectors and adapters industry.
  • The market size in Japan is expected to account for US$ 29.7 Billion by 2023 on a global level.
  • Based on product type, the HDMI segment is likely to secure a 4% growth rate from 2023 to 2033.
  • During the forecast period, China’s market for cables, connectors, and adapters is anticipated to move ahead at 8% CAGR.
  • The cables, connectors, and adapters industry in the United Kingdom is likely to secure a 6% CAGR from 2023 to 2033.

Intense Competition in the Cables Connectors and Adapters Industry:

The cable connectors and adapters industry is characterized by intense competition, driven by a dynamic landscape marked by technological innovation and the growing need for high-speed connectivity.

Market players are relentlessly pursuing differentiation, striving to develop cutting-edge solutions that cater to diverse customer demands and emerging trends.

This competitive environment fuels advancements in design, materials, and performance, ultimately shaping the industry’s trajectory and pushing boundaries to meet the evolving demands of a connected world.

Key Companies Profiled:

  • Amphenol Corp
  • Belden Inc
  • BizLink
  • General Cable Corp
  • L-Com Global Connectivity
  • LS Cable & System Ltd.

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Cables Connectors and Adapters Market Segmentation:

By Application:

  • Computer and Computer Peripherals
  • Smartphones and Tablets
  • Consumer Electronics

By Product Type:

  • HDMI
  • USB
  • DVI
  • VGA
  • Cat5/Cat6
  • Other Product Types

By Type:

  • Internal
  • External

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Gaming Monitors Market Forecast: Projected 6.5% CAGR Eyes US$ 18.40 Billion by 2033

The gaming monitors market is anticipated to be worth US$ 9.8 billion in 2023 and rise to US$ 18.40 billion by 2033. The global market recorded a CAGR of 6.5% from 2023 to 2033.

Professional gamers’ expanding need for gaming monitors, the popularity of gaming competitions, and the rise of e-sports are the key growth factors of the market. In the upcoming years, market growth is anticipated to be fueled by increased consumer demand for high-display quality and gaming experiences, as well as rising disposable income among consumers.

Companies are emphasizing the production of displays with 4K and 8K resolution as the demand for higher-resolution panels increases. As businesses work to give players the best possible image quality, this trend is anticipated to continue.

The emergence of ultra-wide monitors is another well-liked trend in gaming monitors. These displays can provide a substantially broader field of view and often have a 21:9 aspect ratio. For those who desire a greater view of their surroundings in games like first-person shooters, this can be ideal.

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Key Takeaways:

  • By 2033, the United States is likely to dominate the gaming monitors market, with a size of US$ 3.91 billion and a CAGR of 5%.
  • The gaming monitors market was significantly expanding, with a size of US$ 9.28 billion in 2022.
  • The market shows amazing opportunities due to higher sales of VA panels, and expects a Y-o-Y growth of 6.5% in 2023.
  • The market in China is anticipated to expand at an adequate CAGR of 6.6% by 2033.
  • In 2023, Germany is likely to expand in the gaming monitors market, with a size of US$ 130 million.
  • By 2033, the gaming monitors sector is likely to increase in Canada, with a size of US$ 579.1 million.
  • The market in the United Kingdom is anticipated to expand at an adequate CAGR of 6.9% by 2033.
  • Based on the panel type, the VA panel segment led the market CAGR of 6.6% by 2033.
  • Based on end users, the consumer continues to dominate the sector during the forecast period, with a CAGR of 6.5%.
  • Based on the sales channel, the online segment continues to dominate the sector during the forecast period, with a CAGR of 6.8%.

Key Strategies in the Industry

More manufacturers are now competing in the market and creating higher-quality goods as a result of the growing demand for gaming monitors. As a result, gaming monitors are now more reasonably priced. The gaming monitors industry is anticipated to develop as a result of the growing gaming population and the demand for improved gaming experiences.

In order to provide a better gaming experience, businesses are also making significant investments in the development of new technologies, like high dynamic range (HDR) and quantum dot (QD) technology.

Key players:

  • Samsung Electronics Co. Ltd.
  • Dell Inc.
  • AOC Systems Incorporated
  • LG Electronics
  • Lenovo Group Limited
  • Acer Inc.
  • MICRO-STAR INTERNATIONAL CO. LTD.

Recent Developments

  • In 2020, AOC released a gaming monitor with cutting-edge features. The company debuted the Agon AG273QCG, a gaming monitor with a curved design, a 1 ms response time, and a refresh rate of up to 165 Hz, in June 2020.
  • The Odyssey G7 and G9 curved gaming displays from Samsung, which use Quantum Dot technology to produce vivid colors and deep blacks, were just released. The CHG90 from Samsung, a curved QLED gaming monitor with a 32:9 aspect ratio and 144 Hz refresh rate, is also available.

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Key Segmentation:

By Panel Type:

  • IPS Panel
  • TN Panel
  • VA Panel

By Screen Size:

  • Less Than 27 Inch
  • 27-32 Inch
  • More Than 32 Inch

By Sales Channel:

  • Online Stores
  • Offline Stores

By End User:

  • Commercial
  • Consumers

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube