Friday 27 September 2019

Video on Demand Service Market Growth, Trends, Analysis by Forecast 2017-2027 | FMI Report

Global Video on Demand Service Market: Forecast Insights
A recent market report published by Future Market Insights titled “Video on Demand Service Market: Global Industry Analysis (2014-2016) & Opportunity Assessment (2017-2027)” presents detailed insights and a revised forecast of the global video on demand service market for the period 2017 – 2027. According to the report, the global market for video on demand service was valued at around US$ 53 Mn in 2016, and is expected to register a CAGR of 8.2% from 2017 to 2027. The global market for video on demand services is valued at around US$ 57.8 Bn in 2017 and is estimated to reach a valuation of more than US$ 126 Bn by the end of the period of assessment.
Global Video on Demand Service Market: Segmentation Acumen
Global video on demand service market is categorized on the basis of content type and region. On the basis content type, the market is segmented as animation and others.  The animation segment is further segmented as kids, movies and others.
  • By content type, the others segment is anticipated to be the largest with a high market share and valuation. This segment is estimated to reach a significant value by the end of the year of assessment and is projected to grow at a CAGR of 7.9% during the period of forecast. The animation segment is the fastest growing as it is expected to witness increased adoption in the coming years. It is expected to grow at a healthy 9.5% CAGR throughout the said period 
  • By region, North America is expected to show high market attractiveness and is poised to lead the global market. Revenue from the Video on Demand Service Market in North America account for over 37.7% of the global Video on Demand Service Market revenue in 2017. Machine Safety providers can focus on expanding across several countries in APAC and North America regions such as India, China and U.S. The Asia Pacific excluding Japan region is projected to grow at a high CAGR during the forecast period
Global Video on Demand Service Market: Dynamics Influencing Growth
Aspects like rise and success of content on-demand (CoD) services offered by providers such as Netflix, Amazon Video and Hulu, vertical integration by social media platforms to offer streaming video services and technological advancements resulting in the shift in viewer preference from televisions linear schedule to viewing content as per convenience are boosting the growth of the global market for video on demand service market. On the other hand, factors such as no offline availability and technical anomalies causing unavoidable interruptions during the content play are restraining the growth of the global video on demand service market.
Download Segment-wise Analysis@ https://www.futuremarketinsights.com/checkout/5841

Global Video on Demand Service Market: Competitive Landscape 

Key competitors in Video on Demand Service Market are companies providing software, service, content and distributors, namely Cisco Systems Inc., Netflix Inc., Home Box Office, Inc., AT&T Inc., Avnet, Inc., Terra Networks, S.A., Telefe Internacional, Caracol Television, Caracol Television, British Broadcasting Corporation (BBC), Channel 4 News, CinemaNow, Now TV, EROSNOW, BIG FLIX, ComScore, YouKU.com, iQIYI, Conviva, Netris, Ale Kino Plus, FOX NOW, Spark, American Heroes Channel, Urban Movie Channel and many more.

Thursday 26 September 2019

Carbon Mold Market Growth, Trends, Analysis by Forecast 2019-2029 | FMI Report

A recent market study revealed by Future Market Insights on the carbon mold market incorporates global industry analysis for 2014-2018 and market opportunity assessment for the forecast period of 2019-2029. The market study reveals crucial insights and provides an in-depth market analysis for the historical as well as forecast period. As per the market assessment in the report, the global carbon mold market is estimated to witness noteworthy growth due to growing demand from aircraft and automotive manufacturing sectors.
The global carbon mold market was valuated at ~US$ 200 Mn in 2018 and is anticipated to grow with ~9% CAGR throughout the forecast period, 2019-2029.
Increasing government regulations are pressurizing OEMs to manufacture lightweight vehicles and aircrafts, leading to incorporation of lightweight materials such as carbon composites. According to FMI’s analysis, increasing demand for carbon composites from the automotive and aerospace industries along with rising adoption of carbon fiber parts and components in electric vehicles are expected to positively influence the carbon mold market.
Growing environmental concerns have shifted the trend towards the adoption of renewable energy. Wind energy has revolutionized the renewable energy sector, owing to increasing government support. Carbon molds are used in the manufacturing of lightweight wind turbine blades from carbon fiber and carbon composites. Increasing installations of wind turbines and growing wind energy installation projects across the globe are estimated to propel the demand for carbon molds.
Opportunities Abound in East Asia and South Asia 
East Asia and South Asia, led by China and India respectively, are likely to witness substantial growth in commercial as well as defense aerospace sectors. Increasing military budget will primarily affect the defense aircraft manufacturing activities in the region, and it is likely to lead to upsurge in the demand for carbon mold. Installation of wind turbines has increased significantly in recent years, especially in China, India, and ASEAN countries, which will continue to work to the advantage of the carbon mold manufacturers.
Increasing government regulations for the development of fuel-efficient vehicles and aircrafts in North America and Europe, have increased the demand for carbon composites. Predominance of automotive and aerospace industries and increasing adoption of carbon composites make North America and Europe prominent markets for carbon molds.
Carbon Fiber to Remain a Prominent Material Choice 

The global carbon mold market has been categorized on the basis of material, different types of mold, and application, along with regions.
  • Based on material, carbon fiber is projected to remain the material of choice in the upcoming years, and subsequently hold a prominent share in the global carbon mold market throughout the forecast period.
  • On the basis of mold, the female mold is estimated to hold more than half of the market share owing to its cost effectiveness.
  • High application potential of carbon mold has been identified in aerospace & defense, followed by automotive & transportation. Increasing incorporation of carbon composites in automotive & aerospace industries is a prime factor responsible for the carbon mold market growth.

Carbon Mold Market: Manufacturer Insights
According to the FMI analysis, the global carbon mold market is heavily fragmented with local and regional players playing key roles. The global carbon mold market report sheds light on few of the key industry players in the global carbon mold market. Some of the examples of key players in the market are MDC Mould & Plastic Co., Ltd., DEXCRAFT, Xiamen Fengjin Mold Industry Co., Ltd., Composite Mouldings Ltd., and DC Composites, among others. 

Tuesday 24 September 2019

Guar Gum Market to Record CAGR of 2.8% Rise in Growth by 2026 | FMI Research Report


The global guar gum market is likely to surpass US$ 1.3 Bn in revenues by the end of 2026, according to a new research report by Future Market Insights (FMI). The report projects the market to grow at a CAGR of 2.8% during the forecast period 2017-2026, with steady demand from end users in Asia Pacific excluding Japan (APEJ) likely to provide growth opportunities to stakeholders in the market. Applications in food and beverage industry are likely to create steady demand during the assessment period.
To offer readers detailed insights on the guar gum market, the report has segmented the market on the basis of product type, end use industry, and primary function. In addition to this, the report also offers region-wise analysis and segmentation, offering readers detailed analysis on the lucrative and sluggish markets.
On the basis of product type, the key segments include food grade, fast hydrated gum oil drilling grade, and industrial grade. By end use industry, the market has been segmented into food and beverages, fracking, textiles, pharmaceuticals, and other end-use industries. On the basis of primary function, the key segments include thickener and stabilizer, binding agent, and other functional properties.
Among the product types, the fast hydrated gum oil drilling grade segment will continue to remain attractive during the assessment period. This segment currently accounts for nearly 70% revenue share of the market, and is likely to remain lucrative throughout the forecast period. The fast hydrated gum oil drilling grade is likely to surpass US$ 800 Mn in revenues by the end of the forecast period.
Demand for guar gum is likely to remain robust in the fracking segment. Currently, fracking accounts for over two-third revenue share of the market, and it is highly likely that the dominance of this segment will continue beyond 2017. This segment is projected to grow at a CAGR of 2.4% to reach a valuation of over US$ 800 Mn by the end of the forecast period.
The use of guar gum has been witnessing an increase owing to its growing application in the oil & gas industry. However, as the oil and gas industry is going through a sluggish phase, the demand for guar gum has declined to an extent. Some of the sluggishness on account of oil & gas is likely to be compensated by growing demand in the food and beverage industry. Guar gums find wide-ranging applications in the food & beverage industry, where it is used as a thickener and stabilizer. Steady demand from the food and beverage industry is likely to provide an impetus to the growth of the guar gum market during the assessment period. Growth is likely to remain steady from the textile and paper sector, however, availability of other feasible alternatives can stymie demand to an extent.
Although still at a nascent stage, demand for guar gum in managing health disorders such as diabetes and cardiac elements presents an opportunity for manufacturers. Further advancement in the application of guar gum in the healthcare sector can open up new avenues of growth for guar gum manufacturers during the assessment period. Some of the leading players in the market include Lucid Group, Jai Bharat Gum, Hindustan Gums, Vikas WSP, Shree Ram Gum, Cargill Inc, Supreme Gums Pvt. Ltd, Ashland Inc., India Glycols Ltd, Rama industries and Lamberti.

Monday 23 September 2019

Digital Forensics Market: is Projected to Expand at a CAGR of 11.9% during the forecast Period of 2017-2027


Global Digital Forensics Market: Overview
Digital forensics is a branch of forensic science encompassing the recovery and investigation of material found in digital devices, often in relation to computer crime. It is used in different types of investigations like crime and civil investigation, corporate litigation, cybercrime etc.
A new research report by Future Market Insights presents an analysis of the global digital forensics market. The report titled ‘Digital Forensics Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)’ highlights the market value during the forecast period, the pricing analysis and Y-o-Y growth analysis and also the various factors impacting market growth. The gives the report a holistic approach and seeks to guide key stakeholders in their business related decisions. According to the analysis presented in the report, the global digital forensics market is expected to hold a market value of over US$ 1,900 Mn in 2017, growing at an exceptional CAGR of 11.9% during 2017-2027 to reach a valuation in excess of US$ 5,900 Mn by the end of the forecast period in 2027. In this report, the global digital forensics market is segmented on the basis of type, component, application, end user and region.
Global Digital Forensics Market: Dynamics
The digital forensics market is witnessing a strong growth globally with the rise in digitalisation all over the world. The digitalisation has boosted the cyber market and also the threats coming along with it. In the recent past it has been observed that hackers have been increasingly attacking network layers rather than application layers. Distributed denial of service (DDoS) attack has become a common technique to steal the confidential information of organisations. This technique allows hackers to send harmful data into a user’s web server and network resources to increase traffic. Increasing instances of cyber-attacks will continue to support the growth of the digital forensics market across the globe. However, the market may experience some growth restrictions as people are still unaware of forensics technologies, especially in some Eastern European countries as compared to other regions.
Global Digital Forensics Market: Segmental Highlights 
Here are some key highlights from the segmental analysis of the digital forensics market:
  • On the basis of type, the market is dominated by the mobile device forensics segment, which is anticipated to be valued in excess of US$ 2,300 Mn by the end of 2027. This segment also exhibits the maximum growth rate of 16.4% during the forecast period.
  • Digital investigation and consulting services is the dominant segment by component with a growth rate of 10.4% during the forecast period.
  • In terms of application, the corporate litigations segment is expected to record the highest revenue of over US$ 1,700 Mn by 2027. However, the cyber-crime segment shows the highest growth rate of 14.0% during the forecast period.
  • Among the end user segments, the corporate segment dominates the market with a valuation of over US$ 3,700 Mn by the end of 2027, growing at a CAGR of 13.5% during the projected period.
  • Among the regional markets, North America is projected to be the most attractive market with a revenue estimation of over US$ 830 Mn in 2017, growing at a CAGR of 9.6% during the forecast period. However APEJ is expected to depict the highest growth rate of 15.9% during the forecast period.
Global Digital Forensics Market: Competitive Landscape
Some of the key players in the digital forensics market mentioned in the research report are OpenText Corporation, AccessData Group LLC, LogRhythm, Inc, FireEye Inc., Micro Systemation AB, IBM Corporation, Cellebrite Ltd, KPMG, PWC etc.

Smart Camera Market Growing at a CAGR of 18.7% through 2027 | Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation,


Future Market Insights presents an in-depth analysis and a revised forecast of the global smart camera market in a recently published report titled, “Smart Camera Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027).” The global smart camera market was valued at about US$ 4500 Mn in 2016 and is expected to register a CAGR of 18.7% through 2017 to 2027. Growth in machine vision industry and reduction in cost and size of chips are major factors driving the growth of global smart camera market. However, lack of standardization and low acceptance in emerging economies are restraining the market growth of smart camera market. Smart camera is also termed as connected camera, which enables users to perform some additional functions, such as information extraction from captured image, information sharing and real time video analysis. Smart camera helps in advanced monitoring, quality checking robotic guidance system and in various machine vision applications.
Global Smart Camera market is categorized on the basis of component, application and region. On the basis component, the market is segmented as image sensor, memory, processor, communication interface, lenses, display and others. The image sensor segment is anticipated to register a CAGR of 25.5% during the forecast period. This is the fastest growing segment as image sensors have witnessed increased adoption recently. The processor segment in this category is anticipated to grow at a CAGR of 16.0% throughout the period of forecast. In 2017, lens segment displayed a market value of about US$ 1,306 Mn and is estimated to reach a valuation of around US$ 5.7 Bn by the end of the period of assessment.
On the basis of application, the global market is segmented into transportation & automotive, healthcare & pharmaceutical, food & beverages, military & defense, commercial area, consumer segment and others. The revenue contribution from the commercial area segment is anticipated to expand at a CAGR of 21.7% during the forecast period and is the fastest growing segment in the coming years. The consumer segment is the largest segment in terms of market share and is estimated to touch a market valuation of more than US$ 5 Bn by the end of the year of assessment.
Market Outlook  
Growth in machine vision industry and reduction in cost and size of chips are major factors driving the growth of global smart camera market. Cost and Size of semiconductor chips and computer hardware are continuously decreasing, because of which prises of cameras especially PC based smart cameras are also decreasing, which is encouraging the growth of Smart Camera market
However lack of standardization and low acceptance in emerging economies are restraining the market growth of smart camera market. The Electronics and Semiconductor industry is growing due to continuous adoption of Automation, mobility, networking and smart projects initiatives all around the world. Growth of this parent industry also benefited the growth of smart camera market. Demand of Security and surveillance system is increasing worldwide. Government around the world increasing their expenditure on security and surveillance equipment. Smart camera offers enhanced monitoring and runtime video analysis, which is the main reason for increasing application of smart cameras into security and surveillance system.
Brand reinforcement is the competitive strategy used by top players such as Samsung, Sony and Nikon for promotion and mass advertising. Application-specific use of smart cameras in sectors such as healthcare, education and entertainment is increasing due to factors such as improving global economic growth, increasing social acceptability and productive research interest. The trend to integrate all component segments on a single chip along with various application domains is increasing in the smart camera market. Smart camera System on Chip (SoC) architecture is used in real time brush-based interactive painting system.
This report also covers trends driving each segment and offers analysis and insights regarding the potential of smart camera market in regions including North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, North America is projected to exhibit relatively high growth in the global market, registering a CAGR of 23.1% over the forecast period. Revenue from the Smart Camera market in North America account for over 20.7% of the global Smart Camera market revenue in 2017. Smart Camera providers can focus on expanding across several countries in North America and Western Europe regions such as Germany, U.K and U.S.
Key competitors in Smart Camera market are Samsung Electronics Co., Ltd., Canon Inc., Nikon Corporation, Sony Corporation, Panasonic Corporation, Fujifilm Corporation, Olympus Corporation, Polaroid Corporation, Microscan Systems, Inc., Vision Components GmbH, Matrox Imaging, XIMEA GmbH and Cognex Corporation.

Industrial Robots Market Expand at the Fastest CAGR of 17.2% During the Forecast Period 2017 – 2026


Future Market Insights (FMI) has projected the global industrial robots market to ride on a high double-digit CAGR over the forecast period, 2017 to 2026. Over 8,700 Mn units of industrial robots are estimated to be sold across the globe by 2026-end.
Simple Autonomous Robots Concept Gaining Widespread Attraction Globally
Introduction of robots integrated with the sense of vision and touch is likely to positively impact the market expansion, as these robots possess the ability of enhancing efficiency and speed of delivery systems. The simple autonomous robots concept, as part of greater group, is gaining a widespread attraction globally. Industries implementing robotic technologies reap significant financial benefits on the back of reduced overheads, waste reduction, and increased productivity & flexibility. With advancements in artificial intelligence (AI), development of sophisticated tools and self-programmable robots will witness increased momentum in the foreseeable future. 
Today’s industrial robots have become more flexible in the range of applications, with easy positioning and friendlier interfaces. Leading manufacturers of industrial robots are focusing on manufacturing robots that are simpler to configure and program, and easier in integrating with technologies, which create incredible functioning. This has led toward the emergence of collaborative robots or “cobots”. Applications of collaborative robots for working with humans are increasing in bandwidth, with soaring adoption of various sensing technologies.
Popularity of industrial robots is increasing, however barriers exist for adoption in low-volume production, albeit rate of industrial robots deployment is rising in small- and medium-scale industries. Industrial robots are designed based on the requirements of application, and therefore incur the inevitable process of modification or reconfiguration with every change in application. Adoption of industrial robots in low-volume production is hindered by the fact that cost of reinstallation and reconfiguration is considerably high for such kind of production process.
Key Research Findings from FMI’s Report on Industrial Robots Market 
  • Semi-automatic technology-based industrial robots will witness highest sales, in terms of volume, and are projected to expand at a CAGR of above 15% through 2026. Manual robots will continue to be least lucrative in the market. 
  • Owing to their safety, cost-effectiveness, and job efficiency, number of robot deployments has gained an upsurge in the automotive industry. Volume sales of industrial robots for automotive end use will remain relatively higher than all the other end use segments included in the report.
  • Demand for industrial robots for end use in healthcare, electrical & electronics and construction sectors will also remain high, in term if volume during the forecast period. In addition, sales of industrial robots for end use in healthcare will exhibit the fastest expansion through 2026.
  • Requirement for handling heavy components in harsh working environments has led toward increased adoption of industrial robots for material handling processes. Industrial robots deployed in material handling are able to handle heavy payloads, along with being useful in specific production lines that include huge and heavy machine parts. Material handling application of industrial robots will account for the largest volume share of the market by 2026-end.
  • Parallel robots, Cartesian robots and articulated robots are expected to remain top-selling products in the market, in terms of volume. However, sales of articulated robots will register a relatively lower CAGR than that of parallel and Cartesian robots through 2026. Cylindrical robots will reflect the fastest expansion in sales in the market through 2026.
  • Asia-Pacific excluding Japan and Europe will continue to be dominant in the global industrial robots market, in terms of volume. In contrast, adoption of industrial robots in Middle East & Africa and Latin America will remain sluggish during 2017 to 2026.
Prominent Industry Players are leveraging their Market Expertise for Diversifying into Service Robots 
As the market for industrial robots is capital-intensive, new market players face a lot of entry barriers. New players are likely to face challenges associated with insufficient venture capital required for product diversification and differentiation, thereby resulting into a rise in focus on certain application areas.
Prominent industrial players, on the other hand, are levering their market expertise for diversifying into service robotics. However these industries are compelled to provide cost-effective solutions, as numerous small-sized businesses are offering industrial robots at competitive prices. FMI’s report has listed key players influencing expansion of the global industrial robots market, which include ABB Limited, Fanuc Corporation, KUKA AG, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Krones AG, Brenton, LLC, Kawasaki Heavy Industries, and Denso Corporation.

Friday 20 September 2019

Surgical Tourniquets Market to Witness Robust Expansion throughout the Forecast 2019-2029


Worldwide sales of surgical tourniquets will increase by 7.5% year-over-year to reach ~US$ 381 million in 2019, up from ~US$ 355 million in 2018, according to the latest research from Future Market Insights (FMI).
FMI’ analysis expects the surgical tourniquets market to grow at ~8% CAGR through to 2029, driven a surge in the number of trauma cases over the years lined with rising demand for effective device to stop arterial bleeding during surgical procedures. Analysts also expect that automatic machines and robotic technologies are likely to bring a paradigm shift in operative procedures, which should push the manufacturers to innovate their products and develop strategies to attract and retain a new segment of customers.
Surgical tourniquets have long been reliable to establish a bloodless field of operation for surgeons while maintaining a high level of safety for patients. However, the risk of surgical-site infections as well as tourniquet-related injuries, particularly due to the application of high pressures and high pressure gradients to the patient, remains a potential threat to the market growth.
In an attempt to reduce the risks associated with higher tourniquet pressures, manufacturers are placing their bets on products innovations and introduction of novel features such as automatic pressure control, audiovisual alarms, digital displays, and easy-to-use user interface.
Sales of Tourniquet Cuffs to Ramp up in 2019
According to the FMI analysts, tourniquet cuffs have been a vital part of the modern computer-assisted tourniquet system, which accounted for ~77% of total market revenue in 2018. While the inflatable disposable cuffs represented more than half of the total tourniquet cuff sales in 2018, the consumption of inflatable reusable cuffs is likely to increase 7.6% y-o-y in 2019.
“In terms of tourniquet systems, dual channel systems will continue to represent a relatively high share as compared to single channel systems, in the view of enabling bi-lateral procedures or simultaneous surgeries of both upper and lower extremity,” the FMI analyst said.
The consumption of surgical tourniquets for knee arthroplasty accounted for ~31% sales in 2018, while increasing application in amputation of limbs and trauma cases is likely to result in increased market share in the future.
“Recent advancements in reverse shoulder arthroplasty along with the introduction of ‘personalized’ tourniquet systems that allow the use of variable contour design and cuffs for specific patients will open new avenues of growth for the market players,” said the FMI analyst.
Hospitals Capture Significant Share, North America in the Vanguard
In 2018, surgical tourniquets worth ~US$ 176 million were sold in hospitals; according to the FMI analysts, growing number of hospitals, especially in developing countries, and greater awareness of advanced medical devices will continue to drive the consumption of surgical tourniquets in hospitals.
Rapid adoption of ‘value-based’ model in health care settings have led to a surge in the number of ambulatory surgical centers and specialized clinics, thereby paving a new way of growth for the surgical tourniquets market.
The FMI analyst forecasts that North America will continue to remain at the forefront of surgical tourniquets market, representing 30% share in 2018. While North America is likely to be neck-and-neck with Europe to lead the market in future, manufacturers are tapping into new opportunities in developing countries in Asia Pacific.
The surgical tourniquets market shows a fair level of fragmentation, with two prominent players including Zimmer Biomet and Stryker Corporation accounting for more than one-third of the total revenue share. Exploring unmet needs in developing regions and expanding their distribution through collaboration and acquisitions of local and regional manufacturers remain key focal points of the market players.

Flavour Capsule Cigarette Market Reflecting a CAGR of 11% During the Forecast Period 2019 – 2027


According to a new study by FMI, sales of flavour capsule cigarette is expected to surpass ~ US$ 7,350 Mn in 2019. The rise in the demand of the flavour capsule cigarettes is due to various factors but the main factors remain price and innovations, which is driving the flavour capsule cigarette market. Also, the enjoyment from clicking the capsule, taste, choice of flavours affect the flavour capsule cigarette market positively.
“Flavour capsule cigarettes were launched with an intention to attract the consumers who disliked the flavour of tobacco, resulting into significant market growth. As the demand from younger population and women increases, companies have started launching many more options by using the burst technology. Thus, the market of flavour capsule cigarette is expected to have a very high share despite declining retail volume of conventional cigarettes,” says FMI report.
Flavour capsule cigarettes are available in various flavours and single and double capsule type. Besides, the flavour capsule cigarette is available in various price range including economy and premium. The flavour capsule cigarette was launched in the year 2007. It has grown exponentially and the trend is likely to continue with incorporation of new technologies and increasing consumer base. Additionally, it increases the competition among the manufacturers to stay up-to-date with the product launches.
Various flavours such as menthol, clove, fruit and many others including chocolate, honey, peach, rum, strawberry, bubble gum, candy, and vanilla are available in flavour capsule cigarette. In a single capsule, one of the flavours out of the above is present. However, in double capsule, two flavours are present together and the consumer has the option to burst one or both the capsules.
Demand Increases Despite Declining Retail Volume of Cigarettes
The retail volume of cigarettes is decreasing as the demand for smoke-free nicotine consumption and vapour form is on the rise. However, the launch of the flavour capsule cigarette has attracted consumers from different gender and age groups. The availability of various flavours and the choice of bursting more than one flavour increased the interest among the consumers. Among the flavours in the flavour capsule cigarettes, menthol leads, as the market share of the menthol flavour in 2019 was more than 50%. Manufacturers are targeting women smokers with the other flavours, and thus it is expected to increase in the upcoming years.
Innovation in the Flavour Capsule Cigarette Market is driving the Market to Grow by a Double-Digit
Owing to continuous launch of new products and flavours along with significant innovations, the flavour capsule cigarette market is expected to grow at an impressive CAGR of ~11%. As consumers are always curious to try new things, manufacturers of flavour capsule cigarette are utilizing this trait to maintain the demand among the consumers and attract more consumers to try out the product. These cigarettes are primarily sold at premium prices, while manufacturers are targeted towards offering their products at economy price range.
This study by FMI offers insights into the flavour capsule cigarette market for the forecast period of 2019-2027. The flavour capsule cigarette market is projected to record a CAGR of over 11% during the predefined timeframe.

Thursday 19 September 2019

Contract Lifecycle Management Market Expand at the Fastest CAGR of 13% During the Forecast Period 2019 – 2029

Worldwide revenue of contract lifecycle management solutions reached ~ USD 630 Mn in 2018 in a recently published research study by Future Market Insights (FMI). According to the report, the global contract lifecycle management market is estimated to grow by ~ 13% YOY in 2019, primarily influenced by differing rules and regulations in different regions globally in the contract lifecycle management market.
According to the report, an increased focus on identifying risks, predicting trends and gaining insights into client behaviors is contributing towards the growth of the contract lifecycle management market through 2029. Integration of advanced technologies such as artificial intelligence, machine learning, IoT and others will also continue to fuel the sales of contract lifecycle management solutions. Furthermore, ability of these solutions to focus on compliance of rules & regulations will boost the demand of contract lifecycle management solutions in 2019 and beyond.
As IT and telecom industry continues to dominate the market, it is expected that multiple opportunities will be created for the key players in contract lifecycle management market in the near future.
Digitization of industries across the globe is increasing and companies are moving from traditional manufacturing to digital manufacturing and adopting advanced technologies. With rapid adoption of advanced technologies, sales of contract lifecycle management solutions is set for a massive upswing over the next decade.
According to the FMI report, the usage of contract lifecycle management solutions for procurement business functions is poised to offer a total incremental opportunity worth over ~ US$ 1,701 Mn during the forecast period of 2019 to 2029. The software segment in contract lifecycle management market continues to steal the spotlight throughout the forecast period, unveils the contract lifecycle management market research study. Revenue generated by professional services is to increase in the regions where there is high usage of contract lifecycle management solutions. Demand for professional services will majorly be driven by the increasing requirement for risk & compliance assessment and implementation & integration services offered under this segment.
Contract Lifecycle Management Market Players to Double their Investments in Europe & East Asia
Rapid developments in new technologies such as hybrid cloud based contract lifecycle management solutions, have made access to new markets easier and cost-effective. With the help of such contract lifecycle management solutions, one can manage contracts in real time, providing more visibility, choice, and control over cloud, electronic repository, and other infrastructure, finds the report. Hence, through the flexibility offered by such technologies, established and growing vendors of contract lifecycle management software can take the advantage of the booming opportunities in regions such as Europe and East Asia.
Moreover, economic growth of developing countries, such as Germany, France, China and India, is complemented by the declining prices of enterprise applications and contract lifecycle management solutions in these regions. Thus, according to the study the leading players of contract lifecycle management market will double their investments in these regions.
FMI’s business intelligence also highlights the trend setting insights into the competitive scenario of contract lifecycle management market along with differential strategies followed by the solution providers. Leading players in the contract lifecycle management market are providing cloud based solutions integrated with advanced technologies, as cloud based contract lifecycle management solution makes it an ideal, paper-less way to share all the contracts with only the people they deem necessary. For instance, in May 2018, Apttus launched Apttus Omni, a contract lifecycle management solution that can benefit business outcomes for enterprises by improving the efficiency of revenue, contract and procurement operations across legal, sales, finance, operations, and other functional groups.
This study highlights key opportunities in the contract lifecycle management market and finds that the market will depict growth at a value CAGR of ~ 13.0% during forecast period. 

Bagasse Tableware Products Market Reflecting a CAGR of 6 % During the Forecast Period 2019 – 2029

Worldwide sales of bagasse tableware products were valued at ~ US$ 1.7 Bn in 2018, unveils the new research study by Future Market Insights (FMI). According to the report, the bagasse tableware products market is projected to expand at a CAGR of ~ 6% during the forecast period of 2019-2029.
According to the report, increasing focus on sustainable and tree free renewable resources for manufacturing tableware is projected to create high demand for bagasse tableware products throughout the forecast period. Consumers’ proclivity towards eco-friendly and single-use products is expected to further fillip the growth of market in the next decade.
Sustainable products is likely to remain at the front and center of the foodservice industry, offering a multitude of opportunities for the bagasse tableware products market in coming years. According to FMI’s analysis, stringent regulations pertaining to the use of single-use plastic in several countries has compelled manufacturers to shift towards the development of environment-friendly products, thereby potentially raising the demand for bagasse tableware products. 
As the foodservice industry continues to expand across the globe, it simultaneously generates momentous demand for bagasse tableware products. Further, as sustainable products with exceptional characteristics continue to bolster in the marketplace, it is likely to offer a competitive edge for the bagasse tableware products market players.
Bagasse tableware products are sturdy, water & grease repulsive, offer excellent suitability with extreme temperature range, and are entirely biodegradable & compostable. These factors are likely to make the product an ideal choice for serving and packaging variety of hot as well as cold food products.
Certain factors including innovative products offering at affordable prices remain one of the winning imperatives to expand the consumer base. Due to this, bagasse tableware products manufacturers are striving to improve the product quality to retain freshness, increase the shelf life of the food, and possibly reduce any external contaminations. To achieve these, manufacturers prefer high-quality material to improve the strength, purity, and safety of bagasse tableware products.
Entrance of New Players in the East & South Asia Bagasse Tableware Products Market
The foodservice industry is booming in the East & South Asia regions owing to improved economic conditions, rapid urbanization, and increasing disposable income. The demand for bagasse tableware products are rising due to increasing popularity of ready-to-eat meals. Also, a growing number of mobile food vendors and the emergence of bagasse tableware products proven to maintain the temperature and minimized the leakage & spillage are foreseen to gain momentum in the coming years.
Easy availability of raw material, economical labour, and high growth opportunity are among factors enticing new players to enter into the market. Currently, the bagasse tableware products market is in the growth phase, and significant investment is likely to be fruitful due to the increasing demand for eco-friendly tableware. The East Asia South Asia bagasse tableware products market comprises of fewer international and huge local players. The capacity expansion of the international players and a growing number of local players are foreseen to result in heavy competition among vendors. These ultimately is projected to have a smart & competitive price of bagasse tableware products in the future.
FMI’s business intelligence also underlines groundbreaking insights into the competitive scenario of the bagasse tableware products market, along with highlights of manufacturers’ differential strategies. Key performers in the bagasse tableware products market are channelizing their efforts to maintain their position in the market by offering quality products that are cost-effective. Bagasse tableware product manufacturers are also adopting strategies such as acquisitions. For example, the acquisition of BIOPAC UK LTD by Duni AB in the year 2018. According to the report, manufacturers are also focusing on capacity expansion, product innovation, and improving operational efficiency to match the increasing needs of consumers in the market.
This study underlines key opportunities in the bagasse tableware products market, which is expected to exhibit growth at a CAGR of ~ 6% during the forecast period. 

Wednesday 18 September 2019

Food Certification Market Scenario Highlighting Market Demand and Major Drives | Forecast - 2029

The global food certification market is expected to reach the revenues worth ~US$ 6,900 in 2019 as per the recent report published by Future Market Insights (FMI). Further, according to the report, an impressive CAGR of ~11% is anticipated for the food certification market during the forecast period 2019-2029.
Healthy market growth is primarily due to several driving factors including, growing consumer awareness, transparency and authenticity of food, demand for ‘clean label’ and minimalistic food items, and stringent government rules and regulations among others. FMI’s analysis also foresees the growing incidents of food-borne diseases along with onset of new food products, which remain among the prime boosters to the growth of the food certification market through 2029.
Global food certification market growth is majorly underpinned by emerging markets, such as MEA, Latin America, and South Asia, in the global food and beverage industry, and necessary stringent rules and regulations applied by the authoritative government and para-government bodies. The significance of food certification will continue to increase in line with consumer sentiments in favor of transparent, clean-label F&B products.
Surge in Meat Consumption Points to Rising Criticality of Stringent Food Safety Standards
The global meat consumption has exhibited an upward trajectory in recent years and the trend is expected to continue in the future. The growth in the global demand for meat poses lucrative opportunities for food certification as consumer demand for meat that is free from antibiotic residue and microbial contamination.
Several developed countries in North America and Europe have implemented efficient and reliable regulatory framework for food safety. In addition, developed nations such as the US, UK, Australia, and Germany among others have prioritized refining their food safety regulations owing to several factors including, risks of unsafe meat consumption, unethical practices, food fraud, and more.
For instance, in the current scenario, the US recognizes the Hazard Analysis Critical Control Point (HACCP) as a mandatory regulatory prerequisite for meat and poultry production. With a market share of nearly 18.9 % in 2019, meat and poultry dominated the food certification market in terms of market share and the trend is expected to continue during the forecast period 2019-2029. Although there is a significant gap for food certification between the developing and developed economies, efforts are in full-swing to bridge the same.
Big Gains Projected for Halal Certification
Halal certification is expected to witness a strong CAGR growth of around 13.1% during the forecast period finds FMI analysis. The growing demand for halal-certified food products coupled with growing Muslim population are the main factors influencing the growth of halal certification during the forecast period. In addition, apart from the growing demand for halal certified food in the Islamic countries, its demand soared in non-Islamic nations including Japan and South Korea.
Thus, it is pivotal for halal certification bodies to collaborate and formulate a standardized halal regulatory framework especially in MEA and Asia. Market players operating in the meat industry in the aforementioned regions are required to pass multiple halal certification tests to receive a halal certificate. The process is time-consuming, tedious, and also impacts trade. At present, although market players face the brunt of a lacking standardized halal certification system, ongoing efforts are likely to ease operations.
Robust Regulatory Framework Favoring Developed Economies
According to the FMI report, North America (20.7%), Europe (29.4%), and South Asia (14.9%) dominated market share in 2019. Further, the trend is expected to continue during the forecast period 2019-2029 owing to several driving factors including robust regulatory framework for food safety in developed economies such as the US, Canada, UK, Germany, and the Netherlands among others. Further, the growing demand for ‘clean label’ foods, growing demand for transparency and authenticity in food, and demand for organic food products are expected to drive market growth.
According to the analyst, “Consumers today do not want to know what is not in their food but demand information for what is in their food. This shift in consumer behavior plays a crucial role in purchase decisions and is expected to boost the demand for food certification in the coming years.”

Friday 13 September 2019

Passenger Boarding Bridge Market Size, Share, Trends, Growth & Industry Report Forecast 2029

Future Market Insights (FMI), in its latest study, underlines the growth trail of passenger boarding bridge market for the foreseeable period 2019-2029. According to the report, passenger boarding bridge market witnessed sales of 1,549 units in 2018, equaling revenues worth ~US$ 600Mn. As innovation makes notable inroads in the aviation industry, manufacturers of passenger boarding bridge are under high-press to develop technologically-advanced and convenience-centric offerings.
Strong outlook of the global airport infrastructure construction, coupled with the escalating convenience expectations of passengers, is shaping the dynamics of the passenger boarding bridge market.
Getting everyone on board in a safe and sound way has garnered increased traction of airport authorities, in line with the substantial rise in the air traffic over the years. Safety and ease have taken the center stage in every PBB development process, with companies vying to offer a win-win offering to passengers and operators, alike. It will be unsurprising to witness a large number of advanced PBBs, as market players shift their focus on development of AI-based automatic jet bridges that eliminates the need for skilled individuals, to close the gap between 10 cm.
Market players have been strategically devising approaches and investing in developing a differentiated passenger experience, to win the price war and appeal a wide pool of end-users. As automation of operational processes becomes an increasingly commonplace in the airports, it is highly likely for the market to witness substantial optimistic waves of change in the manufacturing of jet bridges.
As per the study, mobile telescopic bridges are witnessing increased traction from airlines, which led to sales of ~1,500 units in 2018, owing to their high flexibility and advanced features. An increasing number of companies have shifted their preference to mobile telescopic bridges over T-bridges, as the former can accommodate a wide range of aircrafts, while allowing easy installation as per various apron configurations.
The study opines that as airports are increasingly shifting their objective towards providing a luxury experience to passengers, the demand for glass walled passenger boarding bridges has grown significantly.  The aesthetic aspect of glass-walled passenger boarding bridges, which lies in the fact that these bridges make the experience of boarding the aircraft less confining has been pushing their adoption across an increased number of airports. As per the study, glass walled passenger boarding bridges accounted for ~65% market volume share in 2018.
Developing Regions – Hotbed of Opportunities for Stakeholders 
In view of the growing lucrativeness of developing regions, such as Asia Pacific, leading players in the passenger boarding bridge market have placed their focus on securing contract for PBB supply in these countries. Asia’s proliferating commercial aviation sector has positioned the region as the largest and fastest growing market for airport infrastructure investments in the world. Several partakes have already shifted their goal coasts to Asia Pacific, and managed to obtain long-term supply contracts in the region. For instance, In September 2017, ADELTE landed in India with a contract for 12 airports, while seeking a long-term relationship to secure sales.
A large number of market players in the Asia Pacific are constantly investing in technology to cope up with the growing passenger expectations related to convenience and ease. For instance, in January 2018, China International Marine Containers developed the world’s first automatic intelligent boarding bridge, which is likely to go functional in the Netherlands’ Schiphol Airport by 2019-end. Furthermore, the lucrativeness of the region will remain intact in line with the upcoming Olympics and international sports events to be held in the region, which are highly likely to push the tourists flow in the region.

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