Fixed Asset Management Software Market Poised for Remarkable Expansion, Estimated to Reach US$ 11.4 Billion by 2032

The worldwide expected size for fixed asset management Software market was US$ 3.8 billion in 2021 and US$ 4.2 billion in 2022. The market is anticipated to grow at a CAGR of 10.6% from 2022 to 2032, when it will reach US$ 11.4 billion. The market is anticipated to be significantly impacted by the rapid adoption of IoT-based services across numerous industries, including manufacturing, oil & gas, energy, electricity, and construction, over the projected period.

With the emergence of industry 4.0 in the manufacturing sector, various plants have adopted digital technologies to enhance the manufacturing processes, thereby, propelling the industry in the forecast period. Besides, technological development across several sectors like cloud computing, AI, and others is expected to benefit the fixed asset management software market in the forecast period.

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For instance, in September 2019, Adapt IT disclosed a partnership with i-Chain, a South Africa-based fixed asset management services, and solutions company to provide a Web-based system offering easy access to a cloud-based environment, designed especially for educational institutions to assist them in managing their assets.

Key Takeaways from the Market Study:

  • The global fixed asset management market is estimated at USD 3.8 Bn in 2021
  • The global fixed asset management market to expand at 10.6% during the forecast period
  • The U.S market to secure USD 4 Bn and expand at 10.4% from 2022-to 2032
  • The market in China to procure USD 794 Mn while recording a 9.9% CAGR
  • The on-premises segment to expand at 10.2% CAGR
  • The Manufacturing segment to record a 10.4% growth rate

Competitive Analysis:

Key participants of the global fixed asset management software market include IBM, Infor, SAP, Microsoft, and Oracle, among others.

Recent key developments among players are:

  • In March 2021, Sage, a cloud-business solutions provider acquired Task Sheriff, an artificial-based SaaS. The acquisition is focused on strengthening its AI technology and Task Sheriff founders would join Sage AI Labs. It is a global team of engineers, data scientists, and product managers, located in Melbourne, Barcelona, San Francisco, and Tel Aviv.
  • In April 2019, Infor signed an agreement with First Bus. Infor agreed to strengthen asset management for First Bus. First Bus is a transport operator in North America and the U.K.

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Fixed Asset Management Software Market Segmentation:

By Component:

  • Software
  • Services

By Deployment Type:

  • Cloud
  • On-Premises

By Organization Size:

  • Large Enterprises
  • SMEs

By Vertical:

  • Energy and Utilities
  • Manufacturing
  • IT, Telecom, and Media
  • Transportation and Logistics
  • Healthcare and Life Sciences
  • Other Verticals

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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Industrial Cybersecurity Market Forecasted to Reach US$ 46.96 Billion by 2033 with 7.8% CAGR Surge

The industrial cybersecurity market is poised for remarkable growth, with a projected steady CAGR of 7.8% during the forecast period. In 2023, the market is expected to reach a substantial revenue of US$ 22.36 billion, reflecting the growing importance of securing critical industrial systems. Looking ahead, the market’s trajectory appears even more promising, as it is anticipated to surpass a substantial value of US$ 46.96 billion by 2033.

This robust growth is indicative of the increasing awareness of the vulnerabilities in industrial networks and the imperative need to protect them against cyber threats. As industries continue to adopt advanced technologies and interconnected systems, the demand for industrial cybersecurity solutions is set to remain on an upward trajectory, ensuring the safeguarding of vital infrastructure and operations.

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Because of too many smart gadgets, customers, enterprises, and communication service providers all interact differently. They have enabled the automation and adaptation of numerous company procedures. The increased use of smartphones throughout the world has led to an increase in the number of networked devices that run on a variety of platforms.

Due to the relative rarity of targeted attacks against automation systems and the excessive reliance on safety measures, industrial company owners and their workers misunderstand the current and impending potential hazards in the industrial control systems environment.

Industrial control systems protect against synthetic assaults. As a result, security products and software solutions are created without considering new dangers or the nature of future attacks, as well as without conducting a thorough analysis and examination of the present threat environment. As a result, real-world threats are underappreciated.

In the industrial sector, modern security technologies are utilized to prevent cyber-attacks, while attackers develop new techniques and processes to circumvent them. Investments in security defense and detection technology aid in the construction of successful defensive plans; yet, human error is one of the most common sources of breaches.

These mistakes occur as a result of employees’ lack of understanding, putting the industrial sector at risk. Advanced cyber-attacks vary in design, but they always target specific network weaknesses and exploit them to get access to company networks. Advanced cyber threats have risen dramatically in recent years, becoming a serious security problem for the industrial sector.

Employee training should be regarded as equally important to properly safeguard industrial facilities from cyber-attacks or cyber threats, in addition to adopting appropriate hardware and software-based security technologies.

North America is expected to have a significant industrial cybersecurity market share. Significant industrial cyber security market players are mostly responsible for the region’s progress. The North American industrial cyber security market is predicted to rise as key companies increase their investment to extend their global footprint.

During the anticipated period, Asia Pacific is expected to increase at the fastest rate. The adoption of cloud-based security software is a priority for major players. In the manufacturing industry, these nations have a large number of SMEs and startups.

Key Takeaways from the Industrial Cybersecurity Market Report:

  • The hardware solutions from the industrial cyber security market are expected to grow at the fastest CAGR of 7.1% in the component sector.
  • The discrete industry is expected to grow at a high rate in the end-use sector of the industrial cyber security market, with a CAGR of 7.6%.
  • The market size for industrial cyber security in the United States is expected to reach US$ 9.7 Billion by 2032, growing at a CAGR of 7.3% during the research period.
  • UK is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market by 2032, with a CAGR of 7.7% during the research period.
  • China’s industrial cyber security market is expected to be worth US$ 3.2 Billion by 2032, with a CAGR of 9.1% over the forecast period.
  • Japan is expected to have a market size for industrial cyber security of US$ 2 Billion by 2032, with a CAGR of 9.2% during the research period.
  • By 2032, India is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market, with a CAGR of 9.3% during the research period.

Competitive Landscape:

  • Several business strategies are being implemented by these companies to boost their global expansion and deliver sophisticated security services.
  • Exablaze, an Australian developer and producer of innovative network devices, was acquired by Cisco System, Inc. in February 2020. This acquisition will help the organizations improve their security network performance.
  • Broadcom Inc. will introduce BizOps, an improved decision-making platform for sectors, in June 2020. This approach would aid businesses in speeding up decision-making across a variety of commercial and technological fields.
  • CyberArk Software Ltd. introduced CyberArk, Cloud Entitlements Manager, an artificial intelligence-based solution, in November 2020. The solution was created to improve cloud infrastructure security layers across businesses.

Leading Key Players:

  • Schneider Electric SE
  • Rockwell Automation Inc.
  • CyberArk Software Ltd.
  • ABB Ltd.
  • Bayshore Networks Inc.

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Industrial Cybersecurity Market Segmentation:

By Component:

  • Hardware Solutions
  • Software Solutions
  • Services

By Security Layer:

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Wireless Security
  • Others

By End-user Industry:

  • Process
    • Oil and Gas
    • Chemical
    • Food and Beverages
    • Energy and Power
    • Other (Water, etc.)
  • Discrete
    • Automotive
    • Electronics
    • Heavy Manufacturing
    • Packaging
    • Others (Aerospace and Defense, etc.)
By Region:
  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • The 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.

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Fiber Optic Collimating Lens Market: Propelling Towards a 11.6% CAGR, Eyes Set on US$ 2,394.5 Million by 2033

The fiber optic collimating lens market is on a remarkable growth trajectory, with projections indicating it will exceed a valuation of US$2,394.5 million by the year 2033. This impressive ascent is driven by a robust CAGR of 11.6%.

The growing need for fast internet is expected to stimulate the demand for internet connections. This is likely to strengthen the demand for an upgraded internet system, which includes things like cables, connectors, fiber optics, and other essential components.

The logistics and manufacturing sectors are likely to be benefitted from fiber optics owing to their operations and services, which are dependent on high-speed bandwidth. The sector demands heavy data for purposes such as several products manufactured, and raw materials received, among others.

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The market in North America is expected to secure a lion’s share during the forecast period. According to FMI’s analysis, the market in the United States is expected to secure US$ 660.1 million while recording a CAGR of 11.3% from 2023 to 2033. In 2022, the United States captured a 15.6% share of the global market.

Players in the market adopt various strategies to secure a forefront position in the market. Key players in the global fiber optic collimating lens market include IPG Photonics Corporation, AMS Technologies, Fabrinet, Coherent, Thorlabs, and others. The key players emphasize technological developments, new product launches, mergers, acquisitions, and other strategies to maximize their growth in the global market.

Key Takeaways from the Fiber Optic Collimating Lens Market Report:

  • The global fiber collimating lens market is estimated at USD 2.1 Bn expanding at a CAGR of 11.8% from 2022 to 2032
  • The global fiber collimating lens market to value USD 677.4 Mn in 2022
  • The Single Mode Segment to expand at 10.5% during the forecast period
  • The Fixed Segment to record 10.5% from 2022 to 2032
  • The U.S market to value USD 660 Mn, expanding at 11.1% during the assessment period
  • Market in China to Value USD 151.9 Mn exhibiting a 10.9% growth rate

Recent Developments Observed by FMI:

  • In August 2021, SABIC launched a new PEI resin that is suited for optical transceiver collimator lenses and ensures alignment with single-mode fibers. SABIC is promoting the use of single-mode fiber optic, a developing data center infrastructure technology enabling swift transmission of substantial amounts of data across great distances.
  • In April 2021, Thorlabs released a new passively Q-Switched laser producing 500 PS pulses centered at 1030 nm. The microjoule-level pulse energies produced at kHz repetition rates enable multiple applications, LIDAR, laser-induced breakdown spectroscope, and material processing.

Key Players in the Global Market:

  • IPG Photonics Corporation
  • AMS Technologies
  • Fabrinet
  • Coherent
  • Thorlabs

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Fiber Optic Collimating Lens Market Segmentation:

By Type:

  • Adjustable
  • Fixed

By Mode:

  • Single Mode
  • Multi-mode

By Wavelength:

  • <1000 NM
  • 1000 to 1500 NM
  • 1500 to 2000 NM
  • >2000 NM

By Application:

  • Communication
  • Medical Diagnostic & Imaging
  • Lasers and Detectors
  • Metrology
  • Spectroscopy and Microscopy
  • Other Applications

By Lens Type:

  • Aspheric
  • GRIN
  • Other

By Region:

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

Author By:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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
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Enterprise VSAT Systems Market: Positioned for Robust Expansion, Targeting US$ 7.4 Billion by 2033

The global enterprise VSAT systems market reached a value of US$ 4.9 billion in 2023. Over the next decade, from 2023 to 2033, it is anticipated to grow steadily at a rate of 4.5%. By 2033, this market is expected to reach a value of US$ 7.4 billion.

Increased adoption of VSAT systems in the maritime industry is a key factor that is anticipated to accelerate market growth during the forecast period. Other factors such as demand for a broadband data connection from business and government sectors are expected to augment the market size of the enterprise VSAT systems in the future.

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Enterprise VSAT Systems are commonly installed on ships to provide fast broadband connectivity for both personal contact and business operations, which is a factor that is driving the market growth.  VSAT is used in video conferencing and ERP in industry-related activities and it is used in streaming, video messaging, and email in personal communications, which is another factor the drives the market growth during the analysis period.

Moreover, Enterprise VSAT is also used in surveillance applications to support security forces in maritime operations that require compact, lightweight, and small equipment, as well as to protect coastal areas which drive the Enterprise VSAT System Market.

Businesses are rapidly implementing enterprise VSAT technology innovations due to increased competitiveness, which can help them improve their product and service delivery and hence drive the growth of the market. Furthermore, the growing number of space exploration missions, increasing interest in satellite-assisted warfare, increased deployment of small satellites, and cost-effective satellite launch operations are all expected to drive the Enterprise VSAT System Market size in the future.

Key Takeaways from the Enterprise VSAT Systems Market Report:

  • Global Enterprise VSAT Systems Market was valued at US$ 4.7 Bn by 2022-end
  • The US to account for the highest value share of US$ 1.9 Bn of global market demand for Enterprise VSAT Systems Market in 2032
  • From 2015 to 2021, the Enterprise VSAT System demand expanded at a CAGR of 4.7%
  • By Component, Hardware constitutes the bulk of Enterprise VSAT Systems with a CAGR of 3.8%.

Leading Key Players:

  • GILAT SATELLITE NETWORKS
  • Comtech Telecommunications Corp.
  • Cambium Networks, Ltd.
  • Telefónica, S.A.
  • Embratel
  • Ultra Electronics
  • Hughes Network Systems, LLC
  • Airtel India
  • Nelco

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Recent Developments:

  • In March 2022, Hughes Network Systems, LLC (HUGHES) demonstrated two new technologies at the SATELLITE 2022 trade show in Washington, D.C. Hughes showcased new technology that seamlessly integrates Geostationary (GEO) satellite and LTE transports into a single, reliable, low-latency broadband internet connection for consumers. Hughes then revealed its new technology for electronically steerable, flat-panel antennas, including a prototype for delivering OneWeb Low Earth Orbit (LEO) connectivity services.
  • In February 2022, Gilat Satellite Networks Ltd., a worldwide leader in satellite networking technology, solutions, and services, expanded its strategic partnership with SES. SES had selected Gilat’s SkyEdge IV platform to operate with its SES-17 satellite, a very high throughput satellite (VHTS) to provide fixed services and mobility services.
  • In January 2022, KVH Industries announced that ScanReach, an innovator in onboard wireless connectivity solutions designed specifically for the steel vessel environment. It had joined the KVH Watch Solution Partner program to offer KVH Watch Cloud Connect services. ScanReach’s breakthrough onboard wireless connectivity technology enables data to travel anywhere on the vessel without cabling. Combined with KVH Watch Cloud Connect, the data may travel to the cloud for useful data analysis to improve vessel performance.

Enterprise VSAT Systems Market Segmentation:

By Component:

  • Enterprise VSAT Hardware Systems
    • Antennas
    • Modems
    • Others
  • Enterprise VSAT Services

By Type:

  • Dedicated Bandwidth VSAT Systems
  • Shared Bandwidth VSAT Systems

By Enterprise Size:

  • SMEs
  • Large Enterprises

By End-use Industry:

  • Industrial Enterprise VSAT Systems
  • Enterprise-based Enterprise VSAT Systems

By Region:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • The 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
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Fishmeal & Fish Oil Market: An Investor’s Gateway to the US$ 13.0 Billion Industry by 2033

The fishmeal & fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%.

As a result of increased by-product utilisation and a growing aquaculture industry, production of fishmeal and fish oil is likely to climb moderately in the future years.

According to the OECD, aquaculture’s contribution to global fish culture will continue to grow and will surpass that of fisheries by 2024. Aquaculture production is expected to outnumber catch by 10 million tonnes by 2029.

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Fish meal and fish oil have plainly declined in feed formulations as feed demand has climbed in concert with expanding aquaculture production, and they have been partially replaced by vegetable replacements like as soymeal and rapeseed oil.

Due to scarcity, fishmeal and fish oil will be used more frequently as strategic components at lower percentages and for certain stages of manufacturing.

A multitude of factors can influence the development and dynamics of the global markets for fish oil and fishmeal. Extrinsic variables such as weather and environment, fishery management, trade regulations, and so on are included.

Key Takeaways from the Fishmeal & Fish Oil Market

  • The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.
  • Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.
  • The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.
  • The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and well being is the key factor behind this significant growth of the region.
  • China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.
  • Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.

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Latest Developments

In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.

In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.

Key Segments Fish meal & Fish Oil Market

Source:

  • Salmon & Trout
  • Marine Fish
  • Crustaceans
  • Tilapia
  • Carps

Application:

  • Aquaculture & Aquatic Feeds
  • Land Animal Feeds and Livestock
  • Agriculture and Fertilizers
  • Pharmaceuticals
  • Dietary Supplements

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • 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
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Flash Calling Authentication Market Surges Towards US$ 1,6454,800 Million Market by 2033 with a 37.9% CAGR

The flash calling authentication market is poised for remarkable growth, with the market size expected to reach US$ 66,792.7 million in 2023. This robust expansion is driven by the escalating need for secure and swift verification processes in an increasingly digital world. The future prospects of the flash calling authentication market are even more promising, as it is anticipated to soar to an impressive US$ 1,6454,800 Million by 2033, demonstrating a staggering CAGR of 37.9%

This substantial growth underscores the pivotal role that flash calling authentication is set to play in ensuring data security and identity verification in the coming decade, as businesses and individuals alike seek reliable solutions to protect their digital assets and identities.

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A2P messaging has become more used in numerous industries, including finance, transportation, logistics, healthcare, and others, as a method of conveying notices, verification, and confirmation to clients. A2P traffic growth is a concern. lucrative opportunity for mobile operators. Protecting their networks from malpractice of any kind is now their highest priority to deliver A2P services in a reliable, secure, and high-quality manner.

Key Takeaways from the Flash Calling Authentication Market Report:

  • The global flash calling authentication market is currently valued at US$ 48.4 Billion, with a CAGR of 38% during the forecast period.
  • The United States is expected to record the highest CAGR of 37.7% between 2022 and 2032.
  • Single-factor authentication segment will grow at a CAGR of 37.8% during the forecast period.
  • In China, the market is expected to reach US$ 80.5 billion by the end of 2032 the forecast period.
  • In the U.K., the industry registered a CAGR of 36.7% during the forecast period.

Competitive Landscape:
To establish their reputation as a recognized and profitable business firm, leading players continue to adopt R&D, collaborations, new product launches, mergers, joint ventures, product approvals, product innovations, patents, partnership agreements, digital marketing, acquisitions, etc.

  • In November 2021, An interesting study by Juniper Research revealed that flash calls pose a new threat to the SMS revenue of network operators. Researchers at Juniper Research recommend that operators implement solutions that can identify these traffic patterns as quickly as possible. A shift to flash calling can be attributed in part to the low costs of termination, the convenience of the user experience, and the diminished likelihood of fraud.
  • In December 2021, Sinch AB (publ) announced the acquisition of Pathwire. Various sources of funding have been employed to support the acquisition, including own funds, equity, and debt facilities. The cash consideration of USD 925 million has been paid to the sellers, which includes funds managed by Thoma Bravo and Turn/River Capital, upon closing of the transaction. Additionally, Sinch plans to issue and deliver 51 million additional shares of Sinch to the Sellers, which will be provided in two equal installments (in February and May 2022).

Leading Key Players:
Apple, BBK, Bell Deutsche Telekom, Facebook Messenger, Huawei, Imo, Kakao Talk, Lenovo, LINE, Meta, Orange, Samsung, and Telefonica.

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Flash Calling Authentication Market Segmentation:

By Authentication Type:

  • Single-factor Authentication
  • Two-factor Authentication

By Region:

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

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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Motor Protector Market Analysis: Industry Reaching to US$ 4,341 million by 2034

The worldwide adoption of motor protectors is expected to rise at a CAGR of 3.9% from 2024 to 2034. The global motor protector market size is expected to increase from US$ 2,849.4 million in 2024 to US$ 4,341 million by 2034.

Electric motor protection has become critical to reduce risks and safeguard motors in industrial settings, as it can escalate the breakdown of other equipment. However, high upfront expenditures, such as equipment purchases and installation charges, related to the use of motor protection systems could limit the market expansion.

Key Takeaways from the Global Motor Protector Market Study Report

  • The net revenue generated from sales of electric motor protectors in North America was US$ 575 million in 2023.
  • According to our survey, the revenue generated by the Europe motor protector industry was around US$ 657 million in 2023.
  • The United States is the leading country in the use of electric motor phase failure protectors and is expected to advance at a 3.5% CAGR through 2034.
  • The United Kingdom is expected to drive the Europe market by exhibiting a CAGR of 3.5% over the projected period.
  • China is the leading producer of electronic motor safety devices and is anticipated to progress at 4.4% CAGR through 2034.
  • India is another notably growing market in Asia for motor protection devices, which is expected to grow at a 4.6% CAGR till 2034.

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Competitive Landscape for Motor Protector Market Players

There are several small as well as medium-sized market players that characterize the motor protector landscape. Key participants in the industry have made new product development their primary approach besides collaborating with regional players to expand their supply chains.

Recent Developments by the Motor Protector Manufacturing Industries

  • In September 2020, RS Components started offering small TeSys GV4 motor circuit breakers that combine digital intelligence with strong and dependable safety for motor applications. This new product range is noteworthy for its ability to operate in the most demanding settings, including cement mills, refineries, and crane hoisting machines. Three protection modes are available with the TeSys GV4: electronic thermal magnetic protection, magnetic protection for the GV4L model, and electronic thermal magnetic protection.
  • In June 2022, TCI LLC released its new product line of V1K Motor Protection Filter, particularly for industrial use. For situations where the lead length ranges from 100 to 1,000 feet, the filter protects the electric motor by preventing the supply voltage from going beyond 1,000 Volts. The company also claims it can greatly increase the motor and cable’s lifespan besides a 30% decrease in the common mode current consumption. V1K filters are now available in open, type 1, and type 3R packaging formats, which are also UL listed.

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South Korea Intellectual Property Market Forecasted to Soar at 17.4% CAGR, Targeting US$ 5.2 Billion by 2033

The South Korea intellectual property market is securing a valuation of US$ 1 billion in 2023 and is projected to reach US$ 5.2 billion by 2033. The market is capturing a CAGR of 17.4% during the forecast period.

The South Korea intellectual property (IP) market is anticipated to gain from the rising adoption of cloud-based IP solutions and the growing demand for IP management software. South Korea holds the 5th position across the globe in terms of patent registrations. South Korea Intellectual Property market accounts for nearly 12% of the global IP management market share.

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Opportunities in the South Korea Intellectual Property Market?

South Korea offers various opportunities in the market are:

  • Protect Intellectual Property: South Korea rapidly expands the market by increasing legal framework and enforcement demand. It provides security and protects their intellectual property assets.
  • Technological Advancements: South Korea has advanced technology industries such as telecommunications, semiconductors, and electronics. These industries create huge opportunities in the country by collaborating with research and development activities.
  • Research and Development: South Korean companies heavily invest in research and development activities to bring innovative solutions by adopting technology. These companies are engaged with Korean institutions in various projects to improve intellectual property.
  • Rising Startup: The growing startup in South Korea in various sectors such as e-commerce, biotechnology, fintech, and gaming is increasing the adoption of intellectual property. Startup companies protect and monetize their intellectual property by enhancing their business scale.
  • Government Support: Government initiatives and programs to develop better intellectual property support. It includes funding for grants, protection of IP, and research and development.
  • Intellectual Property Licensing: South Korea allows intellectual property holders to license their copyrights, patents, trademarks, and trade secrets. The key companies protect intellectual rights against counterfeiting and infringement.

Key Takeaways:

  • Copywriting services in law firms may likely secure a market share of 28.3% during the projected period.
  • In the historical period, the market secured a valuation of US$ 621.0 million in 2018.
  • The market secured a CAGR of 7.8% between 2018 and 2022. Whereas, the market recorded a valuation of 906.9 million in 2022.

Key Players Are Adding Values in the Global Market

Key players are innovating new and innovative products in the market by investing huge amounts in research and development activities. These players are adopting advanced technologies in the market to develop products as per consumers’ requirements. The key players are adopting various marketing tactics to upsurge the global market, including mergers, acquisitions, partnerships, product launches, and agreements.

A few of the key companies are:

  • Samsung Electronics: The company is a significant technology company that plays a crucial role in expanding the South Korean market. It is actively engaged in intellectual property and several patent and protection innovations.
  • LG Electronics is another key company that plays an essential role in the South Korea market. The company invests in research and development to increase its portfolio and maximize intellectual property protection.

Essential Players in the South Korea Intellectual Property Market

  • Clarivate
  • Dennemeyer
  • Patrix
  • LexisNexis Korea (Legal)
  • Questel Korea
  • PI IP LAW
  • KASAN
  • SU INTELLECTUAL PROPERTY Co. Ltd.
  • WIPS Co. Ltd
  • SIWONIP
  • Kim & Chang
  • Lee & Ko
  • FirstLaw PC

Recent Developments in the South Korea Intellectual Property Market are:

  • In 2020, Patrix partnered with Black Hills to provide better tools for automating intellectual property operations. The company also offers patent and prosecution analytics to its customers.
  • In 2018, Dennemeyer & Associates announced its newly launched intellectual property law firm. The company collaborates with Frédéric Blanc to provide legal services to their customers in Paris.

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South Korea Intellectual Property Market by Category

By Solution:

  • Intellectual Property (IP) Management Software
    • Cloud-based
    • On-Premises
  • IP Search and Analysis Software (Web-based)
  • Intellectual Property Services
    • IP Consulting and Analytics
    • Law Firm Services
    • IP Maintenance
    • Others

By End User:

  • Corporations
  • Government & Academic
  • Law Firms
  • Others

By Region:

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

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
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FPGA Market Climbs Steadily: Estimates Notable 7.6% CAGR, Eyeing US$ 15,023.5 Million by 2033

The global FPGA market is expected to grow at a CAGR of 7.6% from 2023 to 2033. By 2033, the market is projected to reach US$ 15,023.5 million from US$ 7,243.6 million in 2023.

Several primary factors are propelling the FPGA industry. For starters, the growing need for high-performance computing and data-intensive applications across several industries necessitates the development of improved hardware solutions.

Because of its reconfigurable nature, FPGAs provide the flexibility and customization necessary to satisfy these changing needs. Second, significant advances in FPGA technology, such as enhanced designs and programming languages, are enabling developers to explore new avenues.

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The popularity of FPGAs is being driven by the emergence of new technologies like artificial intelligence (AI) and the Internet of Things (IoT), since they may offer efficient acceleration and processing capabilities. Furthermore, the increased emphasis on energy-efficient solutions is increasing the usage of FPGAs in power-constrained situations.

While the FPGA industry offers several prospects, it also confronts several problems. The sophisticated design and programming procedure associated with FPGAs is a significant barrier. FPGA design requires specific knowledge and experience, which may be a hurdle for many businesses.

Furthermore, the lack of competent FPGA engineers might make hiring and keeping personnel difficult. Another factor to consider is the expense of FPGA development, which frequently requires a considerable upfront investment.

Collaboration with FPGA manufacturers and suppliers may allow for the creation of bespoke solutions for certain sectors or applications. Furthermore, as FPGA utilization grows, so does the need for FPGA-related services like consultancy, training, and technical support.

Exploring collaborations and strategic agreements with other technology businesses may also aid in driving FPGA integration into larger ecosystems and enabling seamless interaction with complementing technologies.

The industry is concentrating on improving security and reliability characteristics in FPGA designs to meet rising concerns about data privacy and cybersecurity. Furthermore, FPGA-based hardware acceleration is gaining acceptance in data centers, providing optimal and energy-efficient processing of complicated workloads.

Key Takeaways from the FPGA Market:

  • In 2022, the highest value share in the global FPGA industry was accounted for by the United States at 24.8%.
  • In 2022, Germany secured a value share of 7.7% in the global FPGA industry.
  • In 2022, the FPGA industry was valued at 5.3% by Japan.
  • Australia’s value share in the FPGA industry in 2022 amounted to 2.4%.
  • In 2022, an 8.2% value share in the global FPGA industry was captured by China.
  • In 2022, India’s value share in the global market reached 13.1%.
  • In 2022, the global market had a 9.1% value share accounted for by the United Kingdom.

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How are Key Players Revolutionizing the FPGA Market?

The competitive landscape of the FPGA industry is characterized by the presence of several major players vying for market share and technological dominance. These companies are continually striving to offer innovative FPGA solutions and maintain a competitive edge. Here are some key aspects of the competitive landscape:

Leading companies such as Xilinx and Intel (formerly Altera) dominate the FPGA industry. They possess a significant market share and have established a strong foothold through their extensive product portfolios, advanced technologies, and global presence. These market leaders often set technological trends and shape the direction of the industry.

Research and development play a crucial role in the FPGA industry’s competitive landscape. Companies invest heavily in research and development activities to develop new FPGA architectures, programming languages, and tools that enhance performance, power efficiency, and ease of use. The ability to introduce innovative and cutting-edge solutions gives companies a competitive advantage.

Key Players:

  • Microsemi Corporation
  • Achronix
  • e2v
  • INTEL CORPORATION
  • MICROCHIP TECHNOLOGIES INC.
  • Lattice Semiconductor Corporation

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Customization and Application Expertise

Many FPGA manufacturers and suppliers offer customized solutions tailored to specific industry requirements. They leverage their application expertise to provide FPGA solutions optimized for diverse applications such as telecommunications, automotive, aerospace, and defense. This customization capability strengthens their competitive position and helps them cater to unique customer needs.

Collaboration and partnerships are common strategies in the FPGA industry. FPGA companies often form alliances with technology partners, IP vendors, and system integrators to create comprehensive solutions or address specific market segments. These partnerships enable them to combine complementary technologies and expertise, expanding their market reach and competitive offerings.

FPGA Market Segmentation:

By Configuration:

  • Low-End FPGA
  • Mid-Range FPGA
  • High-End FPGA

By Node Size:

  • ≤16 NM
  • 22/28 to 90 NM
  • >90 NM

By Technology:

  • SRAM
  • Flash
  • Antifuse

By Vertical:

  • Telecommunications
  • Consumer Electronics
  • Test, Measurement & Emulation
  • Data Centers & Computing
  • Military & Aerospace
  • Industrial
  • Automotive
  • Healthcare
  • Multimedia
  • Broadcasting

By Region:

  • North America
  • Europe
  • Asia Pacific
  • The Middle East and 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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Pet Food Processing Market Anticipated to Surpass US$ 9,112.7 Million Mark by 2034

The Pet Food Processing Market is expected to be valued at US$ 6,684.4 million in 2024. In contrast, the 2023 value was marked at US$ 6,348.0 million. The market is expected to progress at a modest rate over the forecast period, with a CAGR of 4.0%. By 2034, the value of the market is forecasted to have inflated to US$ 9,112.7 million.

The need for pet food processing is growing along with rising adoption rates of pets and the subsequent demand for pet food. A growing number of pet owners are becoming knowledgeable about the benefits of specialized pet food and thus the demand is being churned for pet food processing. Further, the variety of pet food desired by pet owners is being fulfilled by pet food processing.

Pet food processing is consistently taking steps forward with the advent of advanced equipment and techniques. A process like rendering is allowing manufacturers to cut down on costs. In addition to meat-based raw materials, manufacturers are also using plant-based materials to appeal to the vegan and vegetarian crowd.

While pet food adoption is rising around the world, some pet owners are still hesitant about pet food. Objections are raised against the unchecked quality of raw materials as well as the use of artificial preservatives. Thus, the market has stumbling blocks in its path.

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Key Takeaways from the Pet Food Processing Market

  • The pet food processing market is anticipated to be US$ 6,684.4 million in value in 2024.
  • Dry food is the most manufactured form in pet food processing. For 2024, dry pet food is expected to contribute to 65% of the market share.
  • Pet food processing predominantly produces dog food. Dog food is anticipated to account for 45% of the market share.
  • Japan is one of the most promising countries in the market. The CAGR for Japan over the forecast period is anticipated to be 6.0%.
  • China is another Asian country where significant growth is predicted. For the 2024 to 2034 period, the CAGR for China is pegged at 5.0%.
  • The market is expected to register a CAGR of 5.6% in Germany over the forecast period.

Competition Analysis of the Pet Food Processing Market

Improvement in processing facilities by establishing new plants or making improvements to existing ones is a key concern for many market players. Start-up culture is evident in the market. Many small-scale companies are being taken over by multinational giants, while others are looking for investments.

Following are the prominent companies in the market:

  • Buhler Holding AG
  • GEA Group
  • The Middleby Corporation
  • Andritz Group
  • Selo
  • Baker Perkins Ltd.
  • Purina

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Recent Developments in the Pet Food Processing Market

  • In December 2023, Nugape Pet Food was the recipient of a certificate from the International Featured Standards (IFS) highlighting the company’s commitment to safety and sustainability.
  • In November 2023, Bioriginal Food & Science Corp. acquired Softgel Co.
  • In August 2023, Chinese market player Gambol Pet Group raised funding to the tune of US$ 219.7 million after going public.

Key Segments

By Product Type:

  • Mixing & Blending Equipment
  • Forming Equipment
  • Baking & Drying Equipment
  • Cooling Equipment
  • Others

By Form:

  • Wet Food
  • Dry Food

By Application:

  • Dog Food
  • Cat Food
  • Fish Food

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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
LinkedIn| Twitter| Blogs | YouTube