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Data Center Power Management Market Poised for Significant Growth: Projected to Reach $39.9 Billion by 2033
The global data center power management market is anticipated to expand its roots at a CAGR of 7% with a valuation of US$ 20,260.5 million in 2023. The market is slated to reach a estimation of US$ 39,978.8 million by 2033.
It can cost hundreds of thousands or even millions of dollars when a data center is down. The Uptime Institute estimates that nearly 43% of data center failures are caused due to inadequate power supplies. There is an increasing need for more inventive and efficient techniques to monitor power quality throughout the entire power chain of a data center. The rising power needs, rising power costs, and international measures to reduce carbon footprints are pivotal for data center power management market expansion. A new generation of dependable, intelligent rack power distribution, monitoring, and control solutions is thus more important than ever.
Data center operators use automation and DCIM software to assist clients with restricted access to their facilities and lessen the foot traffic of their staff. A lot of data center owners now control their facilities remotely as well. This led to a strong need for software to manage the infrastructure of data centers. Furthermore, power management companies developed advanced power distribution units that can operate remotely to improve efficiency and reduce the power usage effectiveness (PUE) ratio.
Gulf nations are digitally modernizing their public and private sectors. The governments of these nations are undertaking several projects to improve the Middle Eastern cloud environment. Additionally, significant investments are being made in renewable energy sources that generate electricity to power data centers. In Europe and the United States, there has been a rapid increase in the use of sustainable energy sources to power data centers. In the upcoming years, these initiatives are likely to support market expansion.
Key Takeaways from Data Center Power Management Market:
In 2018, the global data center power management market size stood at US$ 15,844.6 million.
Between 2018 and 2022, the market expanded at a CAGR of 4.9%.
In 2022, the market size stood at US$ 19,222.5 million.
The modular data centers segment accounted for 24.9% market share in 2022.
The tier-4 segment captured a 24.9% market share in 2022.
China accounted for nearly 5.2% of the global market share in 2022.
The United Kingdom data center power management market garnered a 9.2% market share in 2022.
Recent Developments Observed by FMI:
A multi-hybrid cloud and edge management platform was introduced by Cognizant in April 2023. “Skygrade” has been introduced to help businesses achieve greater business values through sustainability, rapidity, efficiency, and ease of use.
In September 2022, Honeywell launched a new suite of solutions. Honeywell Data Center Suite was designed to help optimize data center productivity and uptime.
Eaton completed the acquisition of Tripp Lite in March 2021 to grow its power business in the United States. The acquisition contributed to the growth of edge computing, the expansion of the single-phase UPS market, the IT product portfolio, and better services for the company’s data center clients.
Data Center Power Management Market Segmentation
By Component:
Hardware
DCIM (Data Center Infrastructure Management) Software
Services
By Data Center Type:
Modular Data Centers
Colocation Data Centers
Cloud Data Centers
Edge Data Centers
Hyperscale Data Centers
Micro Mobile Data Centers
By Data Center Tier:
Tier-1 Data Centers
Tier-2 Data Centers
Tier-3 Data Centers
Tier-4 Data Centers
By Installation Type:
New Installation
Retrofit/Upgrade
By End-user:
Cloud Providers
Colocation Providers
Enterprise Data Centers
Hyperscale Data Centers
By Industry:
BFSI
Healthcare
Manufacturing
IT & Telecom
Media & Entertainment
Retail
Government
Others
By Region:
North America
Latin America
Europe
Asia Pacific
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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-347-918-3531 For Sales Enquiries: [email protected] Website: https://www.futuremarketinsights.com LinkedIn| Twitter| Blogs | YouTube
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Driving Growth, Inspiring Fun: Explore the World of Location-Based Entertainment
The global location-based entertainment market size is anticipated to reach USD 25.90 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 28.5% from 2025 to 2030. The growth can be credited to increasing consumer expenditure on new and exciting adventure and leisure activities. Rising disposable incomes and changing lifestyle patterns are the major factors driving the demand for location-based entertainment (LBE).
The growth of the location-based entertainment market is being further driven by the introduction of technologies, such as Augmented Reality (AR), Virtual Reality (VR), and mixed reality. These location-based entertainment services combined with these technologies provide visitors with an immersive and real-life experience. The market players are offering VR attractions under one roof to attract more visitors. For instance, in 2022, Sandbox VR announced to enter the Colorado location at Park Meadows Mall to provide a socially immersive gaming experience that combines high-quality haptics and full-body motion capture to provide complete immersion.
Various video game developers are entering into mergers and acquisitions with VR and LBE technology providers to increase their respective market shares. For instance, in February 2021, Vertigo Games, a VR publisher and game developer, acquired Springboard VR, a VR venue management software and content marketplace provider for LBE. The acquisition was aimed at offering operators access to VR content through Vertigo Games' Haze VR distribution platform and providing both game studios and operators with new tools and technology to expand their LBE business.
Location-based Entertainment Market Report Highlights
In terms of component, the hardware segment accounted for over 64.0% of the total revenue share in 2024 owing to the increased spending on VR headsets that can deliver high-end immersive experiences to consumers
In terms of technology, the 3D segment accounted for the revenue share of nearly 43.0% in 2024 and is expected to continue dominating the market over the forecast period owing to the continued advances in 3D technology extended reality, which is substantially deployed at LBE sites
In terms of end-use, the arcade studios segment is expected to witness a growth rate of around 31.0% from 2025 to 2030
The Asia Pacific regional market is anticipated to register a CAGR of around 31.0% from 2025 to 2030
Location-based Entertainment Market Segmentation
Grand View Research has further segmented the global location-based entertainment market report based on component, technology, end-use, and region:
Location-based Entertainment Component Outlook (Revenue, USD Million, 2018 - 2030)
Hardware
Software
Location-based Entertainment Technology Outlook (Revenue, USD Million, 2018 - 2030)
2 Dimensional (2D)
3- & 4-Dimensional (3D & 4D)
Cloud Merged Reality (CMR)
Location-based Entertainment End-use Outlook (Revenue, USD Million, 2018 - 2030)
Amusement Parks
Indoor
Outdoor
Arcade Studios
4D Films
Location-based Entertainment Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
Japan
China
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Rest of South America
Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
Key Players
4Expeience
CamOnApp
Google LLC
Cisco HQ Software, Inc
HTC Corporation
Huawei Technologies Co., Ltd
Magic Leap, Inc
Microsoft Corporation
Niantic, Inc.
Samsung Electronics Co. Ltd.
Springboard VR
VRstudios Inc
Order a free sample PDF of the Location-based Entertainment Market Intelligence Study, published by Grand View Research.
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The Future of Accounting Billing Software: Trends to Watch
Accounting and billing software have become essential tools for businesses worldwide. With advancements in technology, these tools are evolving rapidly, shaping the future of financial management. In this blog, we will explore the key trends and innovations in invoicing and billing software, such as blockchain in accounting, mobile-first billing solutions, and subscription-based invoicing tools. Let’s dive into the future of accounting software and discover what’s in store.
The Rise of Cloud-Based Solutions
Cloud technology has revolutionized how businesses operate. In 2023, more than 60% of small and medium-sized businesses (SMBs) used cloud-based accounting software, and this percentage is expected to reach 80% by 2026. Cloud-based solutions offer real-time access to data, enabling businesses to manage their finances from anywhere. This flexibility is especially beneficial for companies with remote teams or multiple office locations.
Benefits of Cloud-Based Solutions:
Automatic updates with new features
Enhanced data security
Scalability for growing businesses
Automation and Artificial Intelligence (AI)
Automation and AI are becoming integral parts of accounting software. These technologies help reduce manual errors, save time, and provide accurate financial insights. For example, AI-powered tools can categorize expenses, predict cash flow trends, and even detect fraudulent transactions.
According to a study by Gartner, by 2025, 75% of businesses will use AI-based solutions to automate accounting tasks. This shift will allow accountants to focus more on strategic planning rather than repetitive data entry.
Upcoming Billing Features Powered by AI:
Predictive analytics for financial forecasting
Smart invoice generation
Personalized customer insights
Mobile-First Billing Solutions
As smartphone usage continues to grow, mobile-first billing solutions are gaining popularity. In 2022, around 45% of businesses used mobile apps for invoicing and payments, and this number is projected to increase to 70% by 2025. Mobile-friendly software allows users to create invoices, track payments, and manage finances on the go.
These solutions are particularly useful for small business owners and freelancers who often need quick access to their financial tools. Features like push notifications for overdue payments and one-tap payment reminders make mobile-first billing solutions highly convenient.
Blockchain in Accounting
Blockchain technology is transforming the accounting landscape by introducing transparency and security. By 2028, the global blockchain market in accounting is expected to reach $11.5 billion, growing at a compound annual growth rate (CAGR) of 47.2% from 2023.
How Blockchain Benefits Accounting:
Secure and tamper-proof transaction records
Instant verification of financial data
Reduced risk of fraud and errors
Blockchain can also streamline invoicing by enabling smart contracts, which automatically execute payment terms once conditions are met. For instance, a freelancer could receive payment immediately after submitting a project, eliminating delays.
Subscription-Based Invoicing Tools
Subscription-based models are becoming a preferred choice for businesses of all sizes. Instead of purchasing software outright, companies can subscribe to monthly or annual plans. This model provides access to the latest features without the need for costly upgrades.
In 2023, the subscription economy was valued at $275 billion and is predicted to grow to $1.5 trillion by 2030. Subscription-based invoicing tools often include features like recurring billing, automatic payment reminders, and detailed analytics.
Advantages of Subscription-Based Tools:
Affordable pricing with predictable costs
Regular updates and new features
Integration with other business tools
Integration with Other Business Systems
Modern accounting software is not just limited to bookkeeping. It integrates seamlessly with other business systems like Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), and e-commerce platforms. For example, integration with a CRM system allows businesses to automatically generate invoices based on customer interactions.
This interconnected approach helps businesses streamline operations, reduce manual work, and improve overall efficiency. According to a report by Statista, 65% of businesses will prioritize software integration by 2025.
Focus on User Experience (UX)
As competition increases, accounting software providers are focusing on delivering a superior user experience. Intuitive interfaces, customizable dashboards, and easy navigation are now standard features.
For instance, QuickBooks and Xero have introduced guided setups and tutorials to help users get started quickly. Enhanced UX not only improves user satisfaction but also reduces the learning curve for new users.
Emphasis on Data Security
With the rise of cyber threats, data security remains a top priority for accounting software developers. Advanced encryption, multi-factor authentication, and regular security audits are becoming standard practices.
In 2023, the cost of data breaches in the financial sector averaged $5.85 million per incident. To mitigate such risks, many software providers are adopting ISO-certified security measures and offering cyber insurance.
GimBook: Simplifying the Future of Billing
GimBook is at the forefront of revolutionizing accounting and billing with its cutting-edge features tailored for modern businesses. Designed with user-friendly interfaces and advanced technologies like automation, mobile-first solutions, and seamless integrations, GimBook empowers companies to manage their finances efficiently. Whether you’re a freelancer or a growing enterprise, GimBook offers innovative tools like smart invoicing, subscription-based billing, and real-time financial insights. With a commitment to security and sustainability, GimBook is the perfect partner to help businesses stay ahead in the evolving landscape of billing software.
Try GimBook today and embrace smarter, faster, and more secure billing solutions, click here: https://bit.ly/4eMIOHF
Conclusion
The future of accounting software is bright, driven by innovations in invoicing, mobile-first solutions, blockchain technology, and more. Businesses can expect smarter, faster, and more secure tools to manage their finances. By staying updated on these billing software trends, companies can leverage cutting-edge features to gain a competitive edge.
Whether you are a small business owner, a freelancer, or part of a large corporation, these advancements will make managing finances easier than ever. Embracing these trends now can help future-proof your business for the years to come.
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Data Migration Market
Data Migration Market Size, Share, Trends: IBM Corporation Lead
Rising Demand for Cloud-based Data Migration Solutions
Market Overview:
The global data migration market size was valued at USD YY billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 17.8% from 2024 to 2031. The market is expected to reach USD YY billion by 2031. North America was the dominant region in 2022, accounting for over YY% market share. The increasing volume and variety of data, coupled with the need for efficient data management and storage solutions, are the key factors driving the growth of the data migration market. Enterprises are increasingly adopting data migration solutions to effectively manage their data assets, ensure data integrity, and facilitate seamless data transfer between systems.
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Market Trends:
A significant trend driving the data migration market is the rising demand for cloud-based data migration solutions. With the growing adoption of cloud computing and the shift towards cloud-based infrastructure, organizations are leveraging the scalability, flexibility, and cost-effectiveness of cloud platforms. Cloud migration ensures secure and efficient data transfer. According to a recent survey, 68% of enterprises plan to increase their investments in cloud-based data migration tools over the next three years.
Market Segmentation:
The data migration market is segmented into services and software. The services segment is expected to hold the largest market share during the forecast period. Data migration services, including consulting, implementation, and support services, are crucial for ensuring successful data migration projects. Service providers offer expertise in data assessment, planning, execution, and post-migration support. This segment accounted for over 60% of the total data migration market revenue in 2022. The increasing adoption of data migration services is attributed to the growing complexity of data environments and the need for specialized expertise in handling data migration challenges.
Market Key Players:
IBM Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Amazon Web Services (AWS)
Google LLC
Contact Us:
Name: Hari Krishna
Email us: [email protected]
Website: https://aurorawaveintellects.com/
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Hydronic Radiators Market Analytical Overview and Growth Opportunities by 2034
Hydronic Radiators Market Outlook 2034
The Hydronic Radiators market report is predicted to develop at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2034, when global Hydronic Radiators market forecast size is projected to reach USD 7.27 Billion in 2034, based on an average growth pattern. The global Hydronic Radiators market revenue is estimated to reach a value of USD 4.84 Billion in 2024.
Devices that use hot water as a heating source are known as hydronic radiators. Since heat is not lost during the movement of heated air, they may be more energy-efficient than forced air heaters. Additionally, consumers with allergies or respiratory conditions have come to like these radiators due to their lack of air movement and airborne particulates.
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https://wemarketresearch.com/reports/request-free-sample-pdf/hydronic-radiators-market/1618
Hydronic Radiators Market Trends
The automation of hydronic heating is expected to be a popular market trend in the coming years. The rising trend of smart homes will give rise to the need for smart heating and cooling products. For instance, in September 2022, HomeKit-compatible smart radiator thermostat named Radiator Thermostat E1. This product facilitates the automation of hydronic radiators, receiving signals from outside the unit. The product supports Zigbee 3.0 at launch, accompanied by Google Home, HomeKit, IFTTT, Amazon Alexa, and other technologies, with expected support for smart home protocols in upcoming software updates. This product is unique from its competitors as it receives temperature readings directly from a connected Aqara temperature sensor.
Due to regulatory requirements, environmental awareness, and the growing trend toward energy-efficient technologies, the industry is expected to grow significantly. Growing emphasis on indoor air quality and occupant comfort, along with the growing demand for sustainable heating solutions, have supported hydronic heating systems in emerging economies. Additionally, government funding programs and stimulus packages targeted at reviving building and retrofit projects will boost economic potential.
Hydronic Radiators Key Player
Arbonia AG
Riello Group
Hunt Heating
PURMO Group
Zehnder Group
Kermi GmbH
Ferroli S.p.A.
Runtal North America
Tesi Srl
Buderus (Bosch Group)
Svedbergs
Vallis Group
Caleffi
Radox Radiators
Others
Hydronic Radiators Market Segments
By Product Type
Panel Radiators
Column Radiators
Towel Radiators
Underfloor Heating Radiators
Baseboard Radiators
Custom Radiators
By Material Type
Steel Radiators
Aluminum Radiators
Cast Iron Radiators
Copper Radiators
Others
By Distribution Channel
Online Sales
Retail Sales
Wholesale Distribution
Direct Sales
By End-use Application
Residential
Commercial
Industrial
Key Benefits of Hydronic Radiators
Energy Efficiency: One of the primary reasons hydronic radiators are in high demand is their energy efficiency. Water retains heat longer than air, allowing the system to operate at a lower temperature while still providing ample warmth.
Cost Savings: Although the initial installation of hydronic radiators can be higher than traditional heating methods, the long-term cost savings make it a valuable investment. With energy-efficient technology, hydronic systems can significantly reduce heating bills.
Comfortable and Consistent Heating: Unlike forced-air heating systems, which can create hot and cold spots, hydronic radiators provide uniform heat across a room. This creates a more comfortable and cozy environment, especially during colder months.
Hydronic Radiators Industry: Regional Analysis
North America Market Forecast
A sizeable portion of the hydronic radiator market is accounted for by North America, especially the US and Canada. The need for more ecological and energy-efficient heating options has led to the region's constant growth. Because of its effectiveness and long-term cost reductions, hydronic heating is preferred in areas with harsh winters, such as the Northeastern United States and Canada.
Europe Market Statistics
With almost 45% of the market share, Europe is the largest market for hydronic radiators. With the highest proportion of the global market for hydronic radiators, Europe is the main region. In nations with colder temperatures, like Germany, the UK, Italy, and Scandinavia, hydronic heating systems are especially popular. Particularly in residential, commercial, and industrial buildings, hydronic radiators are the favored option due to the need for effective heating solutions in colder climates. Regulations from the European Union, such the Energy Performance of Buildings Directive (EPBD), require buildings to be energy efficient. This encourages the adoption of hydronic heating systems, which are more effective than conventional heating options.
Frequently Asked Questions
What is the market size of Hydronic Radiators Market in 2024?
What is the growth rate for the Hydronic Radiators Market?
Which are the top companies operating within the market?
Which region dominates the Hydronic Radiators Market?
Conclusion
In Conclusion, the hydronic radiators market is poised for substantial growth as consumers and businesses alike turn to energy-efficient, cost-effective, and environmentally friendly heating solutions. With a wide range of benefits, from energy savings to consistent comfort, hydronic radiators are leading the way toward a greener, more sustainable future. If you’re considering an upgrade to your heating system, hydronic radiators might be the perfect solution for your home or business.
#Hydronic Radiators Market Share#Hydronic Radiators Market Demand#Hydronic Radiators Market Scope#Hydronic Radiators Market Analysis#Hydronic Radiators Market Trend
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3D Printing Plastics Market Size, Share, Trends, Industry Analysis, Report 2024-2032
The global 3D printing plastics market size was valued at USD 1.26 billion in 2022. The market is projected to grow from USD 1.55 billion in 2023 to USD 7.46 billion by 2030, exhibiting a CAGR of 25.1% during the forecast period.
3D printing technology is used to build three-dimensional objects by layering material in a digital design or model. The 3D printing plastics model is digitally divided into horizontal layers by using specialized software, creating sets of instructions for the 3D printer. The versatility of 3D printing plastics increases their use in various applications such as automotive, consumer products, and healthcare, driving the growth.
Fortune Business Insights™ mentioned this in a report titled, “3D Printing Plastics Market, 2024-2032.”
Competitive Landscape
Strong Regional Presence of Key Players to Propel Market Growth
The leading market players’ strong geographical presence, product offerings, and distribution channels boosts the market growth. The engagement of the key market players in research and development to provide enhanced features and produce superior quality to drive market expansion.
Key Industry Development
October 2023 – Evonik launched a new grade of 12 Polyamide powders to unbound 3D printing on the bio circular raw materials. The launch is the first Polyamide power material produced for industrial uses that replaces 100 percent of fossil feedstock with bio-circular material.
List of Key Players Present in the Report:
HP Development Company, L.P (U.S.)
Evonik Industries AG. (Germany)
Stratasys (U.S.)
3D Systems, Inc. (U.S.)
Arkema S.A. (France)
Henkel Corporation (Germany)
EOS GmbH Electro Optical Systems (Germany)
Solvay S.A.(Belgium)
Huntsman Corporation (U.S.)
SABIC (Saudi Arabia)
Segments
Polylactic Acid Segment to Lead Owing to its Unique Qualities
By type, the market is divided into Polylactic Acid, ABS, Polyamide, Polycarbonate, and others. The Polylactic Acid segment held the largest 3D printing plastics market share in 2022 and is also the fastest-growing segment in the market. The growth is attributed to the use of Polylactic Acid in different applications owing to its unique properties.
Growing Adoption and Utilization of 3D Printing Technologies to Aid Aerospace & Defense Segment Growth
Based on end-use industry, the market is segmented into automotive, aerospace & defense, healthcare, electronics & electrical, consumer goods, and others. The aerospace & defense segment held the largest market share. The growth is attributed to the growing adoption and utilization of 3D printing technologies, especially with different plastic types, owing to customization, precision, and weight-saving capabilities.
Report Coverage
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Rising Technological Innovations in 3D Printing to Boost Market Growth
The increasing technological innovations in 3D printing, printer capabilities, and materials boost the 3D printing plastics market growth. The advancements in multi-material capabilities, speed, and precision are expanding the 3D printing applications with plastics.
However, meeting the safety and quality standards of the healthcare and aerospace industries and obtaining certifications for 3D-printed parts can be challenging and may impede market growth.
Source- https://www.fortunebusinessinsights.com/3d-printing-plastics-market-108834
Regional Insights
Rising Demand for Commercial Aerospace Products to Drive Market Growth in North America
North America held the largest 3D printing plastics market share and accounted for USD 0.51 billion in 2022. The growth was attributed to the demand for commercial aerospace products, including passenger aircraft, in the region.
Asia Pacific accounted for a significant market share. The growth is attributed to the fast-growing manufacturing industries, including automotive and consumer goods in the region.
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Behavioral Biometrics Market to Surge to USD 13 Billion by 2033 with a 23.8% CAGR, Reports Future Market Insights
The behavioural biometrics market is projected to generate revenues of US$ 1,254.7 million in 2022 and US$ 1,533.2 million in 2023, according to Future Industry Insights (FMI). With a CAGR of 23.8% from 2023 to 2033, the worldwide market is anticipated to be worth US$ 13,001.4 million by that year.
As the behavioural biometrics business expands, the leaders in the sector will face more competition. In 2022, the top five suppliers will hold a 55.0% share of the market, according to FMI.
Behavioural biometrics solutions have opportunities to grow as a result of ongoing development and the implementation of new technologies/software, including advanced behavioural biometrics innovations, human behavioural patterns, and machine learning/deep learning for identity identification and validation, preventing fraud, and multiple-factor authorization applications.
Behavioral?biometrics are being used in a variety of businesses with a digital presence and are positioned to play an important role in increasing digital trust and safety. For financial institutions, digital banking is one of the most successful platforms for driving growth, attracting new clients, and increasing income.
Behavioral?biometrics has a number of applications in the banking industry, including account opening safeguards, account takeover security, and social engineering fraud detection, among others. The dependability of behavioral biometrics and?biometrics technologies will drive their use in the BFSI industry.
Key Takeaways
South Asia is expected to develop rapidly in the market, with a CAGR of over 35% from 2023 to 2033.
According to Future Market Insight, the top 15 firms presently account for about 55%-60% of the market share in 2023.
Demand for banking, financial services, and insurance (BFSI) is expected to rise at a 28% CAGR throughout the projection period.
The market increased at a CAGR of 21.7% over the previous five years
According to the analysis, the United States will account for roughly 18.5% of the North American market by 2033.
“The expansion of real-time transaction and mobile banking systems in the country has increased fraud,?fueling?the demand for?behavioral?biometrics. Furthermore, financial solution suppliers in the South Asia & Pacific area are working on providing their clients with safe verification solutions based on sophisticated?behavioral?biometrics technology,” says the FMI analyst.
Competitive Landscape
BioCatch, a worldwide leader in?behavioral?biometric intelligence and sophisticated fraud prevention technologies, opened its Australian headquarters on February 8, 2023. Furthermore, the corporation reinforces its worldwide leadership position by establishing operations throughout Asia-Pacific, with branches in Australia and Singapore.
According to a report released in?May 2023, Amsterdam-based ThreatFabric obtained €11.5 million (roughly US$12.55 million) in an initial fundraising round, with aspirations to broaden its?behavioral?biometrics and safeguard?against fraud capabilities.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the Global Behavioral Biometrics market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights by Solution (Software, Services), Application (Identity Verification & Validation, Fraud Prevention, Multi-factor Authentication), Enterprise Size (SMEs, Large enterprises), Industry (BFSI, Retail and eCommerce, Healthcare, IT & Telecom, Government and Defense) & Region.
Behavioral Biometrics Market Outlook by Category
By Solution:
Behavioral Biometrics Software
Cloud-Based
On-Premise
Services
Consulting Services
Implementation Services
Support & Maintenance
Managed Services
By Application:
Identity Verification & Validation
Fraud Prevention
Multi-factor Authentication
Others
By Enterprise Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Industry:
Banking, Financial Services, and Insurance (BFSI)
Retail and E-commerce
Healthcare
IT & Telecom
Government and Defense
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
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. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-347-918-3531 For Sales Enquiries: [email protected] Website: https://www.futuremarketinsights.com LinkedIn| Twitter| Blogs | YouTube
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Medical Coding Market Research Consumption, Companies, Industry Report Analysis and Future Demand
Analysis of Medical Coding Market Size by Research Nester Reveals the Market to Grow with a CAGR of 9.6% During 2025-2037 and Attain ~USD 127.46 Billion by 2037
Research Nester assesses the growth and market size of the global medical coding market which is anticipated to be on account of the increasing adoption of electronic health record (EHR) systems and rising digital transformation.
Research Nester’s recent market research analysis on “Medical Coding Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global medical coding market in terms of market segmentation by component, classification type, end user and by region.
Surging Need for Universal Language in Healthcare to Promote Global Market Share of Medical Coding Market
The global medical coding market is estimated to grow majorly on account of the increased need for a universal language to eradicate misinterpretations and frauds related to insurance claims. Other than this, the rising prevalence of diseases, there is a rise in patient visits and admissions in hospitals. It has been estimated that almost 1 in 3 of all [R1] adults suffer from multiple chronic conditions. This will eventually lead to the widespread adoption of digital technologies to accomplish a smooth workflow in healthcare settings. Medical coding is the transformation of healthcare procedures, diagnoses, medical services, and equipment into universal medical alphanumeric codes. Medical coding helps increase revenue and eliminate errors. The demand for coding services is also growing remarkably. For instance, in the year 2022, as per the American Hospital Association, there were almost 33,356,852 admissions in all the hospitals in the United States. Thus, there is an increased demand for medical coders and billers in the market is projected to fuel the growth of the medical coding market during the forecasted period. Furthermore, there is a rising demand to divert to more convenient and streamlined billing and coding solutions. On the back of this, the global medical coding market is anticipated to garner significant revenue during the forecast period.
Some of the major growth factors and challenges that are associated with the growth of the global medical coding market are:
Growth Drivers:
Rising Need for Medical Coding and Billing Software in Healthcare Infrastructures
Increasing Number of Patients with Chronic Diseases
Challenges:
Data security & privacy concerns associated with the market, lack of standardization, and lack of skilled professionals are some of the major factors anticipated to hamper the global market size of the global medical coding market.
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By classification type, the global medical coding market is segmented into the international classification of diseases (ICD), healthcare common procedure code system (HCPCS), current procedural terminology. Out of these, the international classification of diseases (ICD) segment is projected to garner remarkable revenue on the back of widespread utilization by clinical coders across the world for clinical coding in health databases.
By region, the Europe medical coding market is to generate the highest revenue by the end of 2037. The reason for the high growth in the region for the market is due to high patient visits and mandates of medical coding in healthcare settings.
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This report also provides the existing competitive scenario of some of the key players of the global medical coding market which includes company profiling of 3M, Aviacode Inc., Maxim Healthcare Services, MRA Health Information Services, Oracle, Verisk Analytics, Inc. , Nuance Communications, Inc., Optum Inc., Outsource Strategies International, VertMarkets, Inc., S&P Global , AltuMED, Coding Network, PAREXEL International Corporation, Startek, GeBBS Healthcare Solutions, Fujitsu Limited, NTT and others.
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Tax Management Software Market: Key Drivers, Innovations, and Competitive Landscape
The global tax management software market size is expected to reach USD 39.71 billion by 2030, growing at a CAGR of 10.1% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The growing emphasis on the digitalization of tax audits and tax management driven by the COVID-19 pandemic is anticipated to drive the market’s growth over the forecast period. Furthermore, the rising demand for automating taxation, including tax compliance, is fueling the market’s growth. The rising investments by venture capital firms into tax management software providers are another major factor driving the growth of the market. For instance, in April 2023, TaxCloud, a sales tax compliance platform provider for e-commerce businesses, announced that it raised USD 20 million through a growth equity round led by Camber Partners, a growth equity firm. The company aimed to utilize these funds to offer service to its customers and expand its product offerings while boosting marketing efforts, and sales operations.
Tax management software enables businesses to increase their efficiency by reducing the time and effort required for managing taxation. Furthermore, many tax management software tools come with various features of expense tracking, invoice creation, payroll management, and report generation, among others. Thus, such benefits are expected to drive the market growth. The global pandemic has been favorable to market growth. The remote work culture and social distancing led to the digitalization of taxation across the globe. As a result of this digitalization, the online tax filing feature enabled market players to penetrate their products into the market. Furthermore, the rising use of the internet and growing cloud infrastructure bodes well for the growth of the market.
Tax Management Software Market Report Highlights
The software segment dominated the market in 2022 due to the increasing product adoption on account of the rising ambiguity among taxpayers regarding tax regulations
The tax compliance software segment dominated the market in 2022 owing to its ability to file returns, calculate taxes, and manage tax records, along with the tax tables with rates and rules for jurisdictions worldwide
The direct tax segment dominated the market in 2022 on account of the increased filing of income tax by businesses and professionals
The cloud segment is projected to witness the fastest CAGR over the forecast period due to the convenience offered by the cloud software enabling users with multi-device access
The large enterprises segment dominated the market in 2022. The dominance can be attributed to the increased product adoption by large enterprises as they aim to gain efficiency in the taxation process
The retail segment is projected to grow at the fastest CAGR over the forecast period due to the increasing online shopping trends. A rise in digital transactions across the retail sector has also resulted in the product adoption
North America led the market in 2022. The strong presence of prominent players and high product adoption across the region are anticipated to fuel regional market growth
Tax Management Software Market Segmentation
Grand View Research has segmented the global tax management software market based on component, type, tax type, deployment, end-user, industry vertical, and region:
Tax Management Software Component Outlook (Revenue, USD Billion, 2017 - 2030)
Software
Professional Services
Tax Management Software Type Outlook (Revenue, USD Billion, 2017 - 2030)
Corporate Tax Software
Professional Tax Software
Tax Preparer Software
Tax Compliance Software
Others
Tax Management Software Tax Type Outlook (Revenue, USD Billion, 2017 - 2030)
Indirect Tax
Direct Tax
Tax Management Software Deployment Outlook (Revenue, USD Billion, 2017 - 2030)
Cloud
On-premise
Tax Management Software End-user Outlook (Revenue, USD Billion, 2017 - 2030)
Large Enterprises
Small & Medium Enterprises (SMEs)
Tax Management Software Industry Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
BFSI
Healthcare
Retail
Manufacturing
Real Estate
Others
Tax Management Software Regional Outlook (Revenue, USD Billion, 2017 - 2030)
North America
US
Canada
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
South Korea
Australia
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Kingdom of Saudi Arabia (KSA)
South Africa
List of Key Players of Tax Management Software Market
Wolters Kluwer N.V
SAP SE
Thomson Reuters
Intuit, Inc.
Corvee, LLC
HRB Digital LLC
TaxJar
Vertex, Inc.
TaxSlayer LLC
Avalara, Inc.
Order a free sample PDF of the Tax Management Software Market Intelligence Study, published by Grand View Research.
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On-Grid Solar PV Market Forecast: Innovations Shaping Market Growth and Demand
The on-grid solar pv global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
On-Grid Solar PV Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The on-grid solar PV market size has grown strongly in recent years. It will grow from $160.26 billion in 2023 to $170.56 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to energy security and independence, electricity demand growth, public awareness and acceptance, environmental awareness and climate change concerns, financial institutions and funding.
The on-grid solar PV market size is expected to see strong growth in the next few years. It will grow to $208.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to advancements in energy storage technologies, digitalization and IoT, decentralization of energy systems, hybrid renewable energy systems, electric vehicle (EV) integration. Major trends in the forecast period include increased capacity and scale, innovative materials and design, flexible and transparent financing models, advancements in energy storage technologies, smart grid integration.
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Scope Of On-Grid Solar PV Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
On-Grid Solar PV Market Overview
Market Drivers - The rising demand for renewable energy is expected to propel the growth of the on-grid solar PV market going forward. Renewable energy refers to sustainable and environmentally friendly sources of power, such as solar, wind, hydro, and geothermal, that are naturally replenished. The increasing public awareness towards environmental issues and a growing desire for sustainable living contribute to the demand for on-grid solar PV systems. It plays a significant role in the production of renewable energy by producing power using solar panels and supplying it straight to the grid. This helps in reducing the vulnerability of the grid to centralized disruptions, improving overall grid reliability. For instance, in January 2024, according to the International Energy Agency, a France-based government agency, renewable electricity capacity additions reached an estimated 507 GW in 2023, almost 50% higher than in 2022, with solar PV and wind accounting for a record 96% of it. Therefore, the rising demand for renewable energy is driving the growth of the on-grid solar PV market.
Market Trends - Major companies operating in the on-grid solar PV market are developing innovative products with advanced technologies, such as on-grid PV (photovoltaic) inverters, to drive their revenues in the market. An on-grid PV inverter is an essential part of a solar energy system that transforms a photovoltaic solar array's variable direct current (DC) output into alternating current (AC) electricity that may be supplied straight into the electrical grid. For instance, in June 2022, V-Guard Industries Ltd., an India-based electricals and home appliances manufacturer, launched Solsmart solar rooftop power system, which consists of On-Grid solar power inverters designed for residential and commercial applications. The Solsmart On-Grid Inverter has an efficiency of 98.4%, making it a cost-effective alternative for users aiming to reduce electricity bills. It has integrated DC switches that offer additional safety benefits, ensuring safer installation and operation. The Solsmart On-Grid solar inverter can perform within an ambient temperature range of -25°C and 60°C.
The on-grid solar PV market covered in this report is segmented –
1) By Technology: Monocrystalline Silicon, Thin Film, Polycrystalline Silicon, Other Technologies 2) By Installation: Ground Mounted, Rooftop, Other Installations 3) By Application: Residential, Non-Residential, Utilities
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Regional Insights - Asia-Pacific was the largest region in the on-grid solar PV market in 2023. The regions covered in the on-grid solar pv market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the on-grid solar PV market are Huawei Technologies Co. Ltd., L&T Electrical & Automation Ltd., Siemens AG, Schneider Electric SE, ABB Ltd., JA SOLAR Technology Co. Ltd., LONGi Green Energy Technology Co. Ltd., Delta Electronics Inc., Trina Solar Limited, JinkoSolar Holding Co. Ltd., Canadian Solar Inc., Omron Corporation, Chint Group Corp., Sungrow Power Supply Co. Ltd., Risen Energy Co. Ltd., SolarEdge Technologies Inc., First Solar Inc., Havells India Ltd., SunPower Corp., SMA Solar Technology AG, GoodWe (Jiangsu) Power Supply Technology Co. Ltd., Enphase Energy Inc., Ginlong (Solis) Technologies, Motech Industries Inc., Indosolar Ltd., Loom Solar Pvt. Ltd., FIMER S.p.A., GCL System Integration Technology Co. Ltd.
Table of Contents 1. Executive Summary 2. On-Grid Solar PV Market Report Structure 3. On-Grid Solar PV Market Trends And Strategies 4. On-Grid Solar PV Market – Macro Economic Scenario 5. On-Grid Solar PV Market Size And Growth ….. 27. On-Grid Solar PV Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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The AI Revolution: How Machine Learning Has Changed The World In Two Years
It started with a bang. The launch of ChatGPT, a groundbreaking AI chatbot, did not require any soft launches or fuse wire teasers.
Within 24 hours of its unveiling in November 2022, the new technology had become a global phenomenon as social media channels buzzed about its capabilities.
Seven years in development, its impact was immediate and phenomenal – within five days it had amassed more than a million users, setting the pace for an unprecedented paradigm shift in the way businesses operate.
Now, almost two years on, with the world’s largest technology companies having launched their own platforms, AI continues to set the pace for cultural and technological advances in previously unimagined ways.
In the earliest days, the technology was used experimentally, in a range of simple processes, ranging from crafting travel itineraries, to writing captivating fables and generating computer code.
Since then, it has drastically reshaped the business world, transforming how we work, access information, and analyse data.
Ethical considerations of AI for businesses
Benefits to businesses from AI include improved customer engagement through chatbots and virtual assistants, enhanced data analysis and insights for better decision-making, and automation of repetitive tasks for increased efficiency. It has been applied to various business areas, including accounting, customer service, cybersecurity, human resources, and sales and marketing.
However, the technology has also introduced its own set of challenges, including ethical and privacy concerns, skill gaps in the workforce, and integration issues with existing systems.
While AI has undoubted benefits, it also has the potential to exacerbate existing inequalities, as certain jobs become automated and others require specialised skills. The ethical implications of AI, such as data privacy and potential bias, require careful consideration and regulation to ensure its responsible development and deployment.
Use of AI in mind mapping software
As a business concerned with the provision of mind mapping software for business processes and project planning, the rise of AI sparked conversations within our organisation about its potential to replace human jobs, including those involving creative thinking and problem-solving.
We quickly realised that, when it comes to mind mapping, AI is not a replacement, but rather a powerful enhancer, transforming the process into a
more efficient and insightful experience. Every new map or project starts as a blank slate, and no amount of templates, videos, webinars, or white papers can fully eliminate the initial intimidation of that empty space.
Traditional mind maps have long been praised for their ability to visually represent ideas and relationships. However, AI is now injecting this process with a boost of intelligent capabilities. as we no longer need to second-guess what someone needs to think about. Now, users can simply ask AI the question, and have the result mapped out for them—all in the blink of an eye. This transformative capability eliminates the uncertainty of starting from scratch, making the process faster, easier, and more intuitive for the user.
AI should not be about replacing human intuition and creativity – it’s about augmenting our capabilities, empowering us to think more effectively and achieve greater productivity.
Mind mapping tools can bridge the gap between human intellect and AI capabilities, creating a powerful synergy that unlocks new possibilities in brainstorming, learning, and problem-solving.
As AI technology continues to evolve, we can anticipate even more sophisticated and intuitive mind mapping tools. These tools will continue to enhance human thinking, empowering us to achieve greater results and unleash the full potential of our creative minds.
A future of unprecedented business efficiency
The future of AI in business will involve continued collaboration between governments, businesses, and individuals to address challenges and maximize opportunities presented by this transformative technology.
AI is likely to become increasingly integrated into software and hardware, making it easier for businesses to adopt and utilise its capabilities. Success will depend on how it is leveraged to augment human capabilities rather than replacing them, creating a future where humans and AI work together in a complementary way.
Beyond automating individual tasks, AI is driving a paradigm shift towards unprecedented efficiency across entire business operations.
By automating repetitive tasks, AI allows employees to focus on more strategic and creative work, leading to increased productivity and innovation. A recent McKinsey study found that AI could potentially automate 45% of the activities currently performed by workers.
As well as automating processes, it can also streamline operations, and minimize errors, leading to significant cost savings for businesses. For example, automating customer service with AI can reduce the need for human agents, leading to lower labour costs.
AI can also analyse large datasets in real-time, providing insights that would be impossible for humans to process manually, enabling faster and more informed decision-making. For instance, AI-powered analytics can help businesses predict customer demand, optimise inventory, and personalise marketing campaigns.
The benefits of data-driven decision making
AI's ability to analyse vast amounts of data is transforming how businesses make decisions. The technology can identify patterns and trends in historical data, enabling businesses to predict future outcomes and make informed decisions. This can be applied to forecasting sales, identifying customer churn, and optimising pricing strategies.
It can analyse customer data to create highly personalised marketing campaigns, tailoring messages and offers to individual preferences, leading to increased conversion rates and customer loyalty.
AI can also analyse data to identify and assess risks, enabling businesses to take proactive measures to mitigate potential threats. This can be applied to fraud detection, cybersecurity, and supply chain management.
The competitive disadvantage of AI refuseniks
In today's rapidly evolving business environment, companies that fail to embrace AI risk falling behind. This lag creates a significant competitive disadvantage, including:
Loss of efficiency and productivity: Competitors who utilise AI for automation and optimisation gain a significant edge in efficiency and productivity, leaving refuseniks struggling to keep pace.
Increased costs: Inefficient processes and outdated practices can result in higher operating costs for businesses that haven't embraced AI, putting them at a disadvantage in pricing and profitability.
Reduced customer satisfaction: AI-powered customer service and personalised marketing, allow competitors to deliver exceptional customer experiences, while businesses lagging in AI adoption struggle to meet customer expectations.
The future of business – embracing the AI revolution
The transformative impact of AI, driven by the rise of AI-powered business tools, is only beginning to unfold. Businesses that embrace AI will be well-positioned to thrive in the future, leveraging automation for efficiency, data-driven decision-making for competitive advantage, and personalised customer experiences for loyalty. Those who fail to adapt risk becoming irrelevant in an increasingly AI-powered world.
As AI continues to evolve, the need for business leaders to understand and embrace its transformative power is becoming increasingly critical. The companies that proactively invest in AI and leverage its capabilities will be the ones shaping the future of their industries and setting the pace for the next wave of innovation.
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Farm Management Software Industry 2030 Outlook, Regions, Size Estimation and Upcoming Trend
The global Farm Management Software (FMS) market was valued at USD 3.30 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This significant growth can be attributed to the increasing adoption of cloud computing technologies for real-time farm data management, as well as the growing integration of Information Communication Technology (ICT), particularly technologies like the Internet of Things (IoT) and big data analytics in agriculture. These advancements help address a range of challenges that the agriculture industry faces, such as resource constraints (e.g., water, energy, labor shortages) and social issues (e.g., environmental concerns, animal welfare, and the use of fertilizers) that impact agricultural productivity.
Farm Management Software enables farmers to efficiently manage their operations by streamlining data collection, analysis, and decision-making processes. This approach helps in optimizing the use of resources and improving overall farm productivity. The integration of advanced technologies allows farmers to better monitor crops, manage soil health, and handle environmental challenges, ultimately improving the sustainability of agricultural practices.
The COVID-19 pandemic had a profound impact on the farm management software market. The pandemic led to significant disruptions in supply chains and posed operational challenges for the agriculture industry. In response, there was a marked increase in the demand for digital solutions. Farmers began relying more on digital tools to minimize physical interactions and optimize farm operations remotely. This surge in demand for data analytics and remote monitoring capabilities drove the adoption of farm management software. Moreover, precision agriculture gained momentum, as farmers increasingly relied on GPS-guided equipment, sensors, and other software-integrated tools to enhance resource utilization and improve operational efficiency.
Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market
Regional Insights:
North America Farm Management Software Market Trends
In 2022, North America dominated the global farm management software market, accounting for 33.7% of the revenue share. The region is home to several prominent market players such as AgJunction LLC, Farmers Edge Inc., CropZilla Inc., and Deere & Company, which play key roles in the development and adoption of FMS. The market growth in North America is driven by the region's widespread adoption of precision agriculture practices, efficient resource management, and a strong focus on sustainability. Additionally, the growing emphasis on data-driven decision-making and ongoing advancements in agricultural technologies have bolstered the market's expansion in the region. These factors enable farmers in North America to optimize their operations, enhance productivity, and maintain a competitive edge in the agricultural landscape.
Asia Pacific Farm Management Software Market Trends
The Asia Pacific region is expected to witness the highest CAGR of 16.7% during the forecast period. Countries like China and Japan are at the forefront of this growth, with companies in the region increasingly investing in research and development (R&D) to introduce advanced drones aimed at improving agricultural productivity. Drones, integrated with farm management software, play a crucial role in enhancing productivity by enabling data collection and analysis. These drones, equipped with various sensors, capture valuable data about crop health, soil conditions, and field mapping, which is then processed by farm management software to provide actionable insights. Such advancements help farmers make informed decisions to optimize their operations.
Key market players in the region, such as Yamaha Motor Co., Ltd. (Japan) and DJI (China), are innovating by introducing drones with better sensors and imaging capabilities to enhance the quality of the data collected, thereby improving the efficiency of farm management.
Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.
The global mobile payment market size was valued at USD 88.50 billion in 2024 and is projected to grow at a CAGR of 38.0% from 2025 to 2030.
The global bank kiosk market size was valued at USD 19.57 billion in 2024 and is expected to grow at a CAGR of 16.1% from 2025 to 2030.
Key Companies & Market Share Insights:
The global Farm Management Software market is highly competitive, with numerous key players driving innovations and adopting strategies like partnerships and collaborations to strengthen their position in the market. One notable example is the partnership between Farmers Edge, Inc. and Google Cloud, announced in January 2021. This collaboration aims to enhance the company’s services by integrating advanced technologies such as artificial intelligence (AI), machine learning, and predictive analytics into its farm management platform. By leveraging these technologies, the company seeks to provide farmers with more accurate data insights, better predictive capabilities, and improved resource management, further driving the adoption of farm management software.
These companies are also focusing on the integration of new technologies like IoT, cloud computing, and data analytics to make farm operations more efficient, automated, and sustainable. As the demand for farm management software continues to grow, the competitive landscape is expected to intensify, with companies vying for market share by continuously innovating and offering advanced, user-friendly solutions.
Key Farm Management Software Companies:
Ag Leader Technology
AgJunction LLC
BouMatic
CropX, Inc.
CropZilla Inc.
DeLaval
DICKEY-john
Deere & Company
Corteva
CNH Industrial
Trimble Inc.
Climate LLC.
Gamaya
GEA Group Aktiengesellschaft
Farmers Edge Inc.
Gronetics
Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.
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Farm Management Software Market 2030 - In-Depth Analysis on Size, Trends & Prominent Key Players
The global Farm Management Software (FMS) market was valued at USD 3.30 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This significant growth can be attributed to the increasing adoption of cloud computing technologies for real-time farm data management, as well as the growing integration of Information Communication Technology (ICT), particularly technologies like the Internet of Things (IoT) and big data analytics in agriculture. These advancements help address a range of challenges that the agriculture industry faces, such as resource constraints (e.g., water, energy, labor shortages) and social issues (e.g., environmental concerns, animal welfare, and the use of fertilizers) that impact agricultural productivity.
Farm Management Software enables farmers to efficiently manage their operations by streamlining data collection, analysis, and decision-making processes. This approach helps in optimizing the use of resources and improving overall farm productivity. The integration of advanced technologies allows farmers to better monitor crops, manage soil health, and handle environmental challenges, ultimately improving the sustainability of agricultural practices.
The COVID-19 pandemic had a profound impact on the farm management software market. The pandemic led to significant disruptions in supply chains and posed operational challenges for the agriculture industry. In response, there was a marked increase in the demand for digital solutions. Farmers began relying more on digital tools to minimize physical interactions and optimize farm operations remotely. This surge in demand for data analytics and remote monitoring capabilities drove the adoption of farm management software. Moreover, precision agriculture gained momentum, as farmers increasingly relied on GPS-guided equipment, sensors, and other software-integrated tools to enhance resource utilization and improve operational efficiency.
Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market
Regional Insights:
North America Farm Management Software Market Trends
In 2022, North America dominated the global farm management software market, accounting for 33.7% of the revenue share. The region is home to several prominent market players such as AgJunction LLC, Farmers Edge Inc., CropZilla Inc., and Deere & Company, which play key roles in the development and adoption of FMS. The market growth in North America is driven by the region's widespread adoption of precision agriculture practices, efficient resource management, and a strong focus on sustainability. Additionally, the growing emphasis on data-driven decision-making and ongoing advancements in agricultural technologies have bolstered the market's expansion in the region. These factors enable farmers in North America to optimize their operations, enhance productivity, and maintain a competitive edge in the agricultural landscape.
Asia Pacific Farm Management Software Market Trends
The Asia Pacific region is expected to witness the highest CAGR of 16.7% during the forecast period. Countries like China and Japan are at the forefront of this growth, with companies in the region increasingly investing in research and development (R&D) to introduce advanced drones aimed at improving agricultural productivity. Drones, integrated with farm management software, play a crucial role in enhancing productivity by enabling data collection and analysis. These drones, equipped with various sensors, capture valuable data about crop health, soil conditions, and field mapping, which is then processed by farm management software to provide actionable insights. Such advancements help farmers make informed decisions to optimize their operations.
Key market players in the region, such as Yamaha Motor Co., Ltd. (Japan) and DJI (China), are innovating by introducing drones with better sensors and imaging capabilities to enhance the quality of the data collected, thereby improving the efficiency of farm management.
Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.
The global mobile payment market size was valued at USD 88.50 billion in 2024 and is projected to grow at a CAGR of 38.0% from 2025 to 2030.
The global bank kiosk market size was valued at USD 19.57 billion in 2024 and is expected to grow at a CAGR of 16.1% from 2025 to 2030.
Key Companies & Market Share Insights:
The global Farm Management Software market is highly competitive, with numerous key players driving innovations and adopting strategies like partnerships and collaborations to strengthen their position in the market. One notable example is the partnership between Farmers Edge, Inc. and Google Cloud, announced in January 2021. This collaboration aims to enhance the company’s services by integrating advanced technologies such as artificial intelligence (AI), machine learning, and predictive analytics into its farm management platform. By leveraging these technologies, the company seeks to provide farmers with more accurate data insights, better predictive capabilities, and improved resource management, further driving the adoption of farm management software.
These companies are also focusing on the integration of new technologies like IoT, cloud computing, and data analytics to make farm operations more efficient, automated, and sustainable. As the demand for farm management software continues to grow, the competitive landscape is expected to intensify, with companies vying for market share by continuously innovating and offering advanced, user-friendly solutions.
Key Farm Management Software Companies:
Ag Leader Technology
AgJunction LLC
BouMatic
CropX, Inc.
CropZilla Inc.
DeLaval
DICKEY-john
Deere & Company
Corteva
CNH Industrial
Trimble Inc.
Climate LLC.
Gamaya
GEA Group Aktiengesellschaft
Farmers Edge Inc.
Gronetics
Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.
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Regulatory Reporting Solutions Market: Projected to Surpass US$ 5.2 Billion by 2023
The global regulatory reporting solutions market is expected to create lucrative growth opportunities over the projection period by registering a CAGR of 14.9% from 2023 to 2033. The global market is estimated to reach US$ 5.2 Billion by 2023 and is projected to grow by US$ 21.0 Billion by 2033.
The global market for regulatory reporting systems grew at a compound annual growth rate (CAGR) of 10.2% between 2018 and 2022, according to Future Market Insights’ historical data. Regulatory reporting solutions are being embraced by banks and other financial institutions in order to automate KYC data gathering methods, as well as to analyse and identify relevant regulations and changes associated with them over time.
Furthermore, it makes it perfect for various types of regulatory reports such as financial reports, prudential reports, statistical reports, transactional reports, granular reports, and other various types of reports as per jurisdiction. Cloud-based regulatory reporting software, insurance companies, and cross-regulation banks comply with global regulatory requirements.
In order to follow the changing regulations, financial institutions are rapidly adopting new models and running them concurrently. Furthermore, financial institutions seek new technologies that aid them to track, managing, and trace the liquidity risk and regulatory reporting data and also to better understand the crisis impact on the balance sheet and financial liquidity.
Additionally, adequate technology and solutions help banks and financial institutions to smoothly navigate regulatory reporting and financial liquidity issues. Companies are reducing regulatory costs by utilizing third-party regulatory reporting services.
Key Takeaways
The increasing number of fraudulent activities has resulted in the development of RegTech (Regulatory Technology) solutions for efficient regulatory reporting. Furthermore, the implementation of these solutions assists in a significant reduction of compliance costs and improves efficiency.
RegTech is also responsible for speeding up the business processes, enhancing their reliability, and reducing hassle for customers and the risk of compliance failures. In addition to that, regulatory reporting comprises several components such as financial reporting, transactional reporting, prudential reporting, granular reporting, statistical reporting, and others.
In order to go through hassle-free reporting for humongous transactions of financial institutions, RegTech solutions have witnessed a significant rise in demand. These solutions include transaction monitoring, regulatory intelligence risk, and compliance management among others.
Customers are capable of choosing an appropriate RegTech solution depending on their performance attributing to the presence of a huge variety of solutions in the market. Furthermore, individual transactions in financial institutions are propelling at an exponential rate.
Regulatory reporting has rapidly become an important part of many countries all over the globe. The demand for faster and at the same time, accurate regulatory reporting such as financial performance, strategies and practices, and accounting policies requires an automated registry of regulatory reporting per transaction.
RegTech solution creates a need for a solution that comprises its own guidelines following regulations of government as well as institutions. AI is expected to enjoy broad adoption all over risk and compliance and regulatory reporting.
Numerous financial institutions utilize AI as a regulatory reporting solution. It is excessively viewed as a standard statistical toolkit for institutions, which allows them to rapidly add sophisticated data management capabilities according to regulations and policies. Moreover, this new tool may create organizational challenges that are much larger and more complex than spreadsheet environments.
Competitive Landscape
Regulatory reporting solutions market players are focusing on several effective strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into a partnership with other companies to develop their own regulatory reporting solutions to serve their customers and reduce the churn rate.
Key Companies Profiled are Moody’s Analytics Wolters Kluwer Regnology Oracle SS&C Technologies Saude Labs Vermeg Workviva Prima Solutions Matterhorn Reporting Services Sopra Banking Software Sovos Compaliance Bloomberg Fintelix Smart Stram Technologies
More Insights into the Regulatory Reporting Solutions Market
The European region is anticipated to dominate the global regulatory reporting solutions market over the assessment period. According to the valuations, the United Kingdom regulatory reporting solutions are predicted to propel by 5.7X throughout the projection period.
The North American region is anticipated to create promising growth opportunities over the forecast period by accounting for nearly 84.1% of the North American market share through 2033.
Get More Information on this Report: https://www.futuremarketinsights.com/reports/regulatory-reporting-solutions-market
Regulatory Reporting Solutions Outlook by Category
By Solution, Regulatory Reporting Solutions Demand is segmented as:
Regulatory Reporting Software
Cloud-based
On-premises
Services
Managed Services
Professional Services
By Industry, Regulatory Reporting Solutions Outlook is segmented as:
Banks
Insurance
Wealth & Asset Management
Securities & Investments
By Region, Regulatory Reporting Solutions Sales is segmented as:
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
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