#will generate higher revenues. In 2018 | Explore Tumblr posts and blogs

phoenixyfriend · 1 year ago

Text

Ko-fi prompt from Becky:

I actually would love to hear where ticket/concession/merch money for concerts go. If someone has already asked about that, can you do something similar for a sports game of your choice?

Already got a request for concerts, but I can do the sports game!

So, let's go with... baseball. I've been to professional baseball games ('twas the Ducks), even if it's been a Very Long Time, so that's the one I have some perspective on. Who is in control of the money any given game (as in, who owns the stadium and the home team) varies by place and sport, so let's use the Mets and Citi Field as our example when we need a specific.

Mostly, this is because I'm in New York and so it's down to either them or the Yankees, and between the two... the Mets, through a wholly owned subsidiary, Queens Ballpark Company, are the ones that actually own their ballpark, which makes a few things easier and includes a Fun Fact about the naming. It also means that I can treat the team and the stadium as one singular entity instead of waffling over who gets to be the Main Character of this simulation. It's not exactly uncommon for teams to own their own stadiums, but it's not most of them.

(The Mets, btw, are owned in large part by a hedge fund manager. Like, 95% of the team stock is owned by this one guy. Why can't more sports be like the Packers and just belong to the city.)

In this case, I will be referring to the Forbes article on Citi Field's revenue for 2022 as a guide or framework, as they have an actual image of the financial report; they don't do much explaining of the actual data, though, so my part will be explaining the less-obvious things and doing some maths. A few other articles will also be cited as they come in useful.

I'll also note that the Mets are a very expensive team operating at a loss, but they still work for our purposes.

MONEY COMING IN:

Tickets, most obviously

To quote the wiki article on Major League Baseball:

"MLB is the second-wealthiest professional sport league by revenue after the National Football League (NFL). [...] MLB has the highest total season attendance of any sports league in the world; in 2018, it drew more than 69.6 million spectators."

I didn't know that until I started researching for this post, but it makes sense. After all, baseball is "the American pastime." The Forbes article cites average attendance of 33,000 per home game. The stadium seat about 41,900, so we're looking at roughly 79% attendance. This is fine, because attendance is not the only stream of revenue.

Advertising

If you have seen a professional sports game in the past however many years, you have seen that, depending on the type of court, they are plastered in advertising. Let's take a look at Citi Field:

(Image Source: MLB website)

The Forbes article states that the stadium makes about $48.5 million per year from advertising. About $28.5 million of that comes from the various 'temporary' and long-term ads, the Nikon and Geico and Toyota and Coca Cola, etc.

$20 million of it comes from one company. I'm going to quote Wikipedia again:

The naming rights were purchased by Citigroup, a New York financial services company, for $20 million annually.

This is not uncommon! ESPN has an article about it, and some standout examples are Bank of America Stadium, Coors Field, Delta Center, FedEx Field and FedEx Forum, General Motors Place, Gillette Stadium, Heinz Field, and the list just goes on. I'm not even sure if the list is up to date, because I'm seeing even more articles elsewhere with higher figures.

Concessions

The financial report that Forbes cites has $22mill in concessions. This is not entirely surprising. Going by this page, we're looking at... 84 home games in that 2022 season. Let's assume that 33,000 average cited earlier. That's 2,772,000 attendees over the course of the season. So, what, a little under $10 per attendance tick? Entirely plausible. A hot dog plus a soda is $15, so... that tracks.

Parking

Apparently parking is, collectively, about $13mill annually. That's... genuinely a little concerning to me, for uh. Reasons. Also parking is $40.

(A lot of people go to games via train, if anyone's interested.)

Luxury Suite Premiums

I had to google this one, but uh. Turns out those fancy private box seats are even fancier and more private than I thought, bringing in over $10 mill a year.

Other Revenue - Stadium, undefined

"Other Revenue" and "post season revenue" are not given any further information, but they're about $16.5 mill so. They're definitely doing their part? Wish we had more information.

One guess is that there are events in the vein of the Citi Field Spring Carnival that contribute to the revenue through either fees to the stadium (if this is a carnival that rents the parking lot) or concessions and tickets (if the stadium rents a carnival).

Other Revenue - to the team that is not direct operating income of the stadium itself

Not counting the "other revenue" section of the financial statement, the Forbes article tells us that:

National broadcasting deals with Fox, ESPN and TBS that pay over $60 million a year to every MLB team, as well as the local cable fee the Mets get from SNY, which is over $80 million a year.

That's another $140mill in addition to the $244mill that the financial report cites.

Merchandise - not direct stadium revenue.

Get your Mets hats here! And your jerseys! And your logo bats! And your commemorative plushies! And--

MONEY GOING OUT

Operations

This one's easy: you have to pay wages to your employees, from the players themselves to the food sellers to janitorial to security to field maintenance, etc. Also, you have to pay for utilities (those billboards and floodlights aren't cheap), product to sell (frozen hot dogs), supplementary materials for products you sell (plastic cups, paper for the ticket machines, bags for garbage cans, and so on), and repairs/maintenance for the stands themselves (can't imagine they get through a season with all 41,900 seats intact).

Player salaries (and a few others, like the coach) aren't actually included in stadium revenue, but since the stadium is owned by the team, we're bundling them together for the sake of this case.

Payment in Lieu of Taxes

So this is an interesting one, and while the Forbes article does touch on it, there's a bit more detail to the story.

Citi Field was built in 2009, and the process cost $850 million. Of that, $615 was public subsidies. A lot of this was municipal bonds, which the Mets have to pay back with interest for the lifetime of the park; those municipal bond repayments are an offset, and in return for paying tens of millions in municipal bond repayments each year (the 2022 report shows about $43.5 mill), Citi Field does not have to pay property taxes.

Wikipedia only cites property taxes, but the financial report doesn't include any other taxes, so I'll assume the only other taxes they're on the hook for are sales and payroll, which aren't displayed in the financial report.

Parking

Right, so, parking as a bundle is about $7.5 mill in expenses, which means that parking alone has a marginal profit of about 42.3%, given the earlier figure of $13mill in parking revenue. I'm not finding any solid information on where that money goes, but it seems very like that New York City's taxes on land use for parking is not included in the property tax exemption we discussed above, and that most of the $7.5 mill is in that regard.

Post Season Expenses

I'll be honest, they don't define this $1.8 mill, but given what is and isn't included in the other sections, I'm going to hazard a guess that this may be about upgrades (more than maintenance) or replacement of physical billboards that are also not included as regular maintenance but require a lot of manpower to get up and set if complicated enough.

General and Administrative

This is the other possible allocation of the utilities and related payments. This is also where back of house activities like accountants, lawyer fees, payroll clerks, facilities managers, and so on are bundled in. It's about $5.5 mill.

Publicity and Promotions

This one's easy, it's just marketing that doesn't fall into General Mets Things and is rather for home games specifically.

Depreciation and Amortization

Bit trickier, but you know how a car loses value the second you drive it off the lot? That is depreciation. You paid $20,000 for a car, but two years later it's worth $16,000; on a financial report, you put that down as a $4,000 loss to depreciation. Amortization is similar, in that it lowers values of various assets in relation to time and relative value to what it was when new.

Interest Expenses

Expenses related directly to interest rates tend to get their own line separate from regular debt repayments. This isn't really relevant beyond 'loans are more expensive than when you first get them.'

Travel and League Expenses

Since this is a traveling team, being professionals, and a Major League Baseball Team in particular, money has to be spent on the plane rides, team bus, and of course, the league fees. I wanted to end that a bit more pithy, but it turns out it's not easy to find league fees for the MLB.

(A new team joining would have to pay about $2.2 billion, according to one article, while previous new additions were a couple hundred mill, so... 100 mill? Maybe?)

Hope that answers your question!

#economics #capitalism #phoenix talks #ko fi #ko fi prompts #research #baseball #the mets #citi field #sports #business #financial reports

48 notes · View notes

chosetherose · 1 year ago

Text

Taylor Swift’s epic “Eras Tour” is on track to become the biggest in concert history, with the potential to gross over $1 billion.

That milestone would break the record for global concert tours currently held by Elton John and could up the ante for an era of even higher ticket prices, show grosses and concert-industry revenues.

“What we’re seeing on this particular Taylor tour is almost like a once-in-a-lifetime phenomenon,” said Jarred Arfa, executive vice president and head of global music at Independent Artist Group, who represents Billy Joel, Metallica and other acts. “It’s pretty astonishing.”

Over the past week, Swift announced dozens of new international dates that will take her to South America, Asia, Australia and Europe. Besides her original 52 U.S. dates, which end in August, she’ll be playing 54 shows overseas, bringing her to 106 gigs by the last show in London next summer. More dates could be added.

Music executives have been speculating for months about how much Swift’s tour has been making. Swift, in an unusual move for the industry, is not reporting her nightly grosses after the shows to Billboard Boxscore, which tracks such data, but instead planning to report them later, according to Dave Brooks, Billboard’s senior director of live music and touring. This has fueled questions about how much the pop superstar is making and how such towering grosses may reset expectations for other major artists.

Swift’s outsize success comes amid a booming market for arena and stadium shows from superstars like Beyoncé and Madonna. For blockbuster tours, per-show concert grosses “are higher than they’ve ever been,” Brooks said.

These performers are charging higher prices for general-admission tickets, aisle seats and VIP packages—partly to offset a large jump in their costs—even as some smaller shows in clubs and amphitheaters and music festivals struggle.

Arena and stadium concertgoers, despite grumbling about prices, continue to cough up for shows. That’s boosting industry revenues, which increasingly are concentrated in concerts by the world’s biggest artists, Brooks said. In Swift’s case, the biggest concern isn’t prices—it’s getting tickets in the first place.

The Wall Street Journal analyzed Swift’s Eras Tour based on conversations with high-ranking concert executives, examining how much revenue Swift’s shows are generating in ticket sales versus how much money she’s actually taking home in profit.

Will the Eras Tour become the first to gross $1 billion in revenue?

The music industry keeps track of superstar concert tours via gross concert-ticket revenue figures that artists provide. It’s these figures that are used every year to rank successful tours. (Artists don’t include their costs, profits and deal making.)

Elton John currently holds the record for the highest-grossing global tour, with his ongoing “Farewell Yellow Brick Road Tour,” which has run from 2018 to 2023. So far, the tour, which ends in July, has raked in over $887 million. John surpassed prior record-holder Ed Sheeran’s “Divide Tour,” which ran between 2017 and 2019 and brought in $776 million.

Back in December, Billboard estimated that Swift’s 52-date U.S. leg would gross about $590 million; the average ticket price for the U.S. leg is $215, Billboard said.

Now that Swift is performing 106 shows worldwide, she could cross the record-breaking $1 billion line. But it’s not a done deal. Top tickets in the U.S. tend to cost 20% to 30% more than in the rest of the world, which makes the U.S. a more lucrative market than Europe or Asia. Swift’s 54 international shows aren’t worth as much as her American ones, though in some cases the venues overseas are larger in size, allowing for more concertgoers and revenue.

Asked how much the Eras Tour might end up grossing, Arfa, of Independent Artist Group, says Swift may very well reach $1 billion.

Others aren’t so sure, with some estimates putting her around $700 million to $900 million. That would still eclipse Swift’s previous “Reputation Stadium Tour” in 2018, which grossed about $345 million across 53 shows. Her average ticket price back then was $119, according to Pollstar.

A spokeswoman for Swift did not respond to requests for comment.

Executives generally expect Swift’s current tour to exceed Beyoncé’s, even if the pop-R&B superstar delivers eye-popping numbers of her own. That’s what happened the last time the two artists toured as solo artists: Back in 2016, Beyoncé’s “Formation World Tour” grossed $256 million.

So how much actual profit is Swift making?

Just because a tour grosses $1 billion doesn’t mean the artist is making $1 billion. It’s more complicated than that.

Superstars like Swift aren’t paid per show; they’re paid for the full tour. Still, it’s easier to get a picture of Swift’s earnings by thinking in terms of per-show grosses and profits.

For her U.S. shows, Swift set ticket prices ranging from roughly $50 for cheap seats to nearly $900 for VIP packages. Swift didn’t engage in “dynamic pricing,” which allows ticket prices to float upward (or downward) based on demand. Since her shows tend to sell out, the number of tickets sold each night depends on the size of the stadium. Such venues often host roughly 50,000 to 60,000 concertgoers, but can sometimes hit 80,000 or higher.

According to a person familiar with the matter, Swift grossed approximately $40 million via concert tickets over a recent weekend of shows. This $40 million figure would break down to more than $13 million per concert over three shows.

That generally tracks with concert executives’ estimates for Swift’s average per-show gross, which they put at $10 million, though shows could range from $6 million to $13 million or so.

But revenues are one thing, profits are another.

How much does the tour cost?

The expense of running the concert includes renting out stadiums, along with production, labor and transportation costs. The Eras Tour, in particular, is one of the most technically ambitious in recent history, with its various segments showcasing different albums of Swift’s career accompanied by unique backdrops and costumes.

Other payouts go to Swift’s concert promoters around the world, including Messina Touring Group, which is affiliated with AEG Presents, the No. 2 concert promoter globally after Live Nation. Promoters often get a 10% cut, Billboard’s Brooks said. But Swift is an unusually big superstar, which means she may be more able to secure highly favorable deals, executives said. Also, unlike most stars, Swift is not working with a booking agency in the U.S.—just Messina Touring Group—which eliminates a major cost.

Some executives expect Swift is taking home 40% to 60% of the estimated $10 million average per-show gross, while others think this take-home figure is probably 50% or lower.

To boil it all down, let’s imagine what all of this looks like in practice: First, the hosting stadium takes a cut, lopping off $2 million to $3 million from the $10 million gross. From there, Swift pays her staging costs and the promoter’s cut, which together could remove 50% of the remaining $7 million to $8 million. That gives her about $3.5 million to $4 million in profit per night.

That figure, multiplied by roughly 100 shows, takes you to $350 million to $400 million in profit for the entire 2023-2024 tour.

Accounting for various unknowns, a broader estimate would put Swift’s profits from selling tickets to the Eras Tour in the neighborhood of $300 million to $500 million.

What about her merchandise sales?

Concert executives said the Eras Tour is likely grossing another $2 million-plus a night through merchandise—all the $75 hoodies, $55 long-sleeve shirts and $45 short-sleeve shirts that fans are eating up. Fans, they say, are likely spending about $50 to $75 a person, after accounting for those who don’t buy anything. Even among the ranks of superstars, Swift’s merchandise is highly prized by her fans, known as Swifties, allowing her to gross more on everything from T-shirts to portable phone chargers. Some other superstars, especially non-veteran acts, might earn $25 a person or less.

During the weekend of shows where Swift grossed approximately $40 million via tickets, she also generated approximately $10 million via merch in total, according to the person familiar with the matter. That means about $3 million in merchandise revenue per night.

But Swift also has to pay a merchandise company. Of the $2 million-plus in average per-night merch revenue, Swift could be left with around 70%, after various payouts, concert executives said. That amounts to about $1.4 million in merchandise profit per night. If Swift’s merch sold like that over 100 shows, it would bring an additional $140 million on top of the $300 million to $500 million from tickets.

The upshot: Swift is looking at possibly over $500 million in profit across tickets and merchandise from the Eras Tour between the U.S. and overseas.

But there are even more income streams than that.

Even then, the Eras Tour doesn’t stop generating income.

There’s the cash from Swift’s partnership with the credit-card company Capital One, which is the U.S. presenting sponsor of the tour.

Swift’s alliance with Capital One, which goes back to 2019, is typical for superstars of her stature, for whom such deals typically involve hefty paydays. Swift, for her part, has appeared in Capital One commercials.

Last November, Capital One cardholders got early access to Swift’s tickets via a presale. At Swift’s shows on this tour, light-up wristbands were given away to fans; the bands were branded with Capital One’s logo.

Then there’s the merch on Swift’s website, which many fans likely bought before and after attending shows—especially if they wanted to avoid long lines at the venue.

Finally, there’s the tour-related income from increased interest in Swift’s music.

Swift is selling thousands of albums every week, often vinyl records and CDs. At the same time, she’s experiencing a spike in online streams as the Eras Tour rolls across the U.S. In the week ending June 15, Swift had six different albums in the top 25 of the Billboard 200 chart, according to Luminate, driven partly by the jump in streaming activity.

Executives said the tour has caused a Beatles-like mania. Some Swift fans who haven’t been able to get tickets have listened to shows from stadium parking lots. Others who got in have reported “post-concert amnesia,” where you’re so overjoyed you don’t remember a show afterward.

Such fans are likely among those helping fuel the streaming spike. That intensified listening, in turn, creates another waterfall of profits for Swift.

“She’s just capturing this moment of popularity so perfectly,” Arfa said.

#get it get it

18 notes · View notes

nickgerlich · 1 year ago

Text

Charged Up

One of the most frustrating things that happens to consumers, especially when it comes to tech products, is to find out that something you own is now obsolete. It happens all the time, but one company—Apple—has been notorious for doing it. Worse yet, the obsolescence affects one of the most mundane aspects of the product, yet also one of the most critical: the charger cord.

It was eleven years ago that Apple introduced the Lightning connector for its iPhones, leaving the much clunkier 30-pin connector to fade away. While it was a net improvement, it meant that all of our household and car chargers were done. They also did a similar move with charger cords for their MacBook line of laptops. And don’t get me started about when they eliminated the headphone jack back on iPhone 7 in 2016. It was clearly a move to bolster sales of their wireless AirPods.

Now they have done it again. At their big media announcement earlier this week, Apple announced iPhone 15 among other products, but also had to tell us that—here we go again—the phone’s charger cord would now be USB-C. It’s just that this time, Apple is not trying to pull another fast one, because they have been forced to change.

While it is convenient to think that the US rules the world and we set the standards, we are quickly waking up to the fact that the EU—European Union—has significant clout. The General Data Protection Regulation that was passed in 2018 ensures that European users have much higher expectations of data privacy online, and while they can opt-in to cookies, they are not the de facto setting. We can thank the GDPR for all those annoying questions we face on many websites today asking us if we would like some cookies.

The EU is at it again, with charger cords the next item to come in their cross hairs. Starting next year, all devices sold in Europe must have a common connector. USB-C was chosen as the standard. In both cases—the GDPR and charger cord—American firms have decided to go with the flow, and not fight it. Rather than have two websites, one for the EU and the one for everywhere else, they opted for one. As for Apple, it had no choice but to yield, if it wants to sell phones there.

Of course, this once again puts consumers in a bad place, because we still have legacy products that require the Lightning cord. At my office, both my keyboard and mouse are charged by—you guessed it—the Lightning cord. And my two Apple MagSafe external batteries also require that connector. Even when I upgrade my phone from 12 to 15, I will still have to keep some of these old cords around, while also changing out my home and vehicle charger cords.

Lovely. I will be using two systems at the same time. I see a tangled mess of cables in my future.

It can be argued that Apple should never have stuck with proprietary connectors in the first place, that it wasn’t being a good corporate citizen. But there is a monetary explanation. On Wednesday’s Morning Brew Daily podcast, they reported that Apple makes $5 billion a year either selling its own cords, or licensing their manufacture to third-party companies. That is a significant revenue stream that is now gone.

I am also perplexed that Apple had already adopted the USB-C standard on its own for MacBooks and iPads. It’s enough to make me pull out my hair. Well, if I had enough to pull.

Yes, I am an Apple fan boy. I made the switch in 2005, and have not looked back. While I do not own an Apple Watch or AirPods, I have phone, laptop, office iMac, and tablet, and I love the eco-system. Everything plays well together, which makes it a powerful bundle not replicated elsewhere. I’m good with paying the so-called “Apple tax” to own these products.

Sometimes, though, I admit to the frustration you get when you feel like someone is just yanking you around. This time Apple is getting yanked around. It lost the battle in Europe, and had to concede the world. I’m happy, because there really never was a good reason to have unique connectors other than extra revenue. In fact, this is something that has been going on for years in tech products, from cords to batteries. I can show you a bunch of incompatible camera batteries within both the Sony and Canon lines.

It’s just that Apple is the one getting the black eye for it now. It’s going to be a wobbly transition period for a while until we wear out all of our older products that still use Lightning, but we’ll get there one day.

And we can then add those old charger cords to that box everyone has in their home. Heck, mine still has Cat-4, RS-232, RCA, and land-line phone cables in it. Just in case, you know.

Dr “Of One A Cord” Gerlich

Audio Blog

#marketing #Apple #USB-C

2 notes · View notes

industrynewsupdates · 19 hours ago

Text

Superconducting Wire Market: A Comprehensive Overview of Growth and Innovation

The global superconducting wire market size was estimated at USD 1.14 billion in 2023 and is estimated to grow at a CAGR of 9.0% from 2024 to 2030. Superconducting wire offers superior conduction of electricity with minimal losses making it a popular wire material for energy generation and critical applications. The growing demand for efficient power transmission is anticipated to boost the market over the forecast period.

Superconducting wires have several benefits when compared to copper wires, owing to the higher maximum current densities and zero power dissipation that it exhibits. They are widely used in superconducting magnets, which are used in scientific and medical equipment where high magnetic fields are necessary.

Gather more insights about the market drivers, restrains and growth of the Superconducting Wire Market

Key Superconducting Wire Company Insights

Some of the key players operating in the market include Kennametal Inc., and Sandvik AB.

• Japan Superconductor Technology Inc. was founded in 2002 and is specialized in the manufacture of superconducting material and technology. Its product line includes NbTi and Nb3Sn superconducting wire, High-resolution NMR magnets, various magnets for use in MRI and R&D, component parts and accessories for superconducting magnets

• U.S.-based American Superconductor was founded in 1987 and specializes in the production of superconducting wires and products for the development of energy & power systems.

Recent Developments

• In December 2023, U.S.-based MetOx International, Inc., a producer of advanced power delivery technology, announced the expansion of its Xeus HTS wire manufacturing.

• In June 2023, Japan-based JEOL Ltd. acquired a minority stake in Japan Superconductor Technology, Inc. from Kobe Steel, Ltd. as part of its business expansion strategy.

• In January 2023, UK-based Tokamak Energy signed an agreement with Furukawa Electric Co., Ltd. and SuperPower Inc. to supply HTS tape for its new advanced prototype fusion device, ST80-HTS.

Global Superconducting Wire Market Report Segmentation

This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global superconducting wire market report on the basis of product, end-use and region.

Product Outlook (Revenue, USD Million, 2018 - 2030)

• Low Temperature Semiconductor

• Medium Temperature Semiconductor

• High Temperature Semiconductor

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Energy

• Medical

• Research

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o UK

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o South Korea

• Central & South America

• Middle East & Africa

Order a free sample PDF of the Superconducting Wire Market Intelligence Study, published by Grand View Research.

#Superconducting Wire Market #Superconducting Wire Market Size #Superconducting Wire Market Share #Superconducting Wire Market Analysis #Superconducting Wire Market Growth

0 notes

rohitpalan · 1 day ago

Text

Virtual Event Platforms Market: Projected Growth and Future Outlook (2023-2033)

In the year 2018, the global virtual event platforms market value was estimated to be US$ 3,751.5 million which registered a CAGR of 14.6% until 2022. As per the FMI market survey report, the demand for virtual event platforms globally reached US$ 6783.2 million in 2022.

In the present year, 2023 the global virtual event platforms market size is estimated to be nearly US$ 7,888 million. It is further poised to register a 16.6% CAGR through 2033 and reach an overall valuation of US$ 36,735.8 million by its end.

The virtual event platforms market saw good growth in the pandemic era owing to lockdown restrictions that were imposed to curb the spread of coronavirus infections across multiple nations in the world.

Technological proliferation has substantially increased across the world and this trend has penetrated all industries and applications. The increasing adoption of cloud-based technologies in businesses has enabled them to deploy multiple virtual solutions to ensure smooth business operations.

However, difficulty in software integration and compatibility issues across multiple platforms are expected to constrain virtual networking platform adoption. The lack of developed internet infrastructure in multiple economies is also expected to slow down market growth on a global scale.

Key Takeaways from the Virtual Event Platforms Market Study Report

The United States is the leading region in the adoption of all types of virtual event platforms in comparison to any other country. The net worth of its present market in the United States is US$ 1,537.3 million and is expected to grow at 13.2% over the next ten years.

Presently Germany is the largest shareholder of the global virtual event platform market in Europe and would generate nearly US$ 463 million in 2023. However, the virtual event platform market in the United Kingdom is expected to witness a year-on-year growth rate of 20.3% through 2033.

Demand for virtual event platforms in China is predicted to grow at a CAGR of 15.4% during the forecast period. By the end of this forecast period, this regional market is expected to reach US$ 1,879.4 million.

Meanwhile, India is anticipated to witness a robust growth rate of 24.5% in the adoption of virtual event platforms in the country. It is further expected to overtake the United States and reach a valuation of US$ 3,027.8 million by the end of the year 2033.

Demand for virtual event platforms is anticipated to be high for SMEs over the coming years at a CAGR of 18.4%.

Event management agencies currently account for a market share of 27.1% in the global virtual event platforms market landscape. While the enterprise or corporate sector is the leading segment and contributes nearly 30% of the market revenue generated globally.

At present, the academic institutions’ segment accounts for a market share of 13.2% in the global virtual event platforms marketplace. This segment is projected to grow at a higher rate of 21.4% in the adoption of virtual event platforms over the forecast years.

Competitive Landscape for the Virtual Event Platforms Market Players

Microsoft Corporation, Cisco Systems, Zoom Video Communications, Cvent Holding Corp., Evenium Inc., SpotMe Inc., Cadence Design Systems, Inc., Hubb LLC., InEvent Inc., KitApps Inc. (Attendify), Boomset Infotainment PVT Ltd., vFairs Inc., ubivent GmbH, and Kestone Inc. among others are some of the major players in the global virtual event platforms market.

Key Segments of Virtual Event Platforms Industry Survey

Virtual Event Platforms Market by Solution:

Software

Integrated Virtual Event Platforms

Standalone Software

Services

Live Event Support

Post Event Processing Services

Event Consulting Services

Support Services

Other Services

Virtual Event Platforms Market by Enterprise Size:

Virtual Event Platforms for SMEs

Virtual Event Platforms for Large Enterprises

Virtual Event Platforms Market by End User:

Virtual Event Platforms for Enterprises or Corporates

Virtual Event Platforms for Event Management Agencies

Virtual Event Platforms for Academic Institutions

Virtual Event Platforms for Trade Show Organizers

Others

Virtual Event Platforms Market by Region:

North America Virtual Event Platforms Market

Latin America Virtual Event Platforms Market

Europe Virtual Event Platforms Market

East Asia Virtual Event Platforms Market

South Asia & Pacific Virtual Event Platforms Market

Middle East & Africa (MEA) Virtual Event Platforms Market

#Virtual Event Platforms Market

0 notes

sublimeobservationarcade · 8 days ago

Text

Why Do We Have Wars?

Why do we have wars and the mass killings and destruction they engender? Men. Power hungry men who see violence as a means to an end. An end they desire, with their cabal in power. Why do we have wars? A current example of this is the Russian invasion of Ukraine, where Mr Putin’s trying to take control, by force, of a neighbouring country. There is no valid justification for killing people, whatever the political situation. Many of us shrug our shoulders and say, well, that is how the world has always been. Perhaps, but it is not good enough and we should never stop striving to progress beyond this reversion to violence and brute force.

“The Office of the United Nations High Commissioner for Human Rights (OHCHR) verified a total of 39,081 civilian casualties during Russia's invasion of Ukraine as of October 31, 2024. Of them, 26,919 people were reported to have been injured. However, OHCHR specified that the real numbers could be higher. After Russia annexed Crimea in 2014, Ukraine has seen a military conflict between the government and the Russia-supported separatist regions of Donetsk and Luhansk. OHCHR estimates that between 14,200 and 14,400 people, including civilians and military personnel, were killed in relation to that conflict from April 14, 2014, to December 31, 2021. Of them, at least 3,400 were civilians. “ (https://www.statista.com/statistics/1293492/ukraine-war-casualties/) In comparison, the IDF in Gaza has killed more than 45, 000 Palestinians in 14 months of war. – (https://www.aljazeera.com/news/2024/12/16/death-toll-from-israels-war-on-gaza-tops-45000)

Photo by ROMAN ODINTSOV on Pexels.com

Why Do We Buy & Sell Sex?

Why do we have prostitution and the commodification of sex in the world? Men. This is a demand driven business being serviced primarily by women under the auspices of pimps and those in the commercial sex sector. Prostitution is known as the oldest profession in existence and for much of that time has been illegal. Why has it continued? Because men want it to, whether they be punters, police, politicians, and those in power, more generally, they maintain it. Sex, when it is truly making love is a beautiful magical thing, outside of this it is empty and second rate. Selling sex is rarely a good thing. “Rod Olsen has co-owned a busy brothel, Club Pleasure in southeast Melbourne, since 2013, and used to manage it. He said the day-to-day operating of the business is much more “boring” than most people think. That’s because the sex industry in Australia is tied up in red tape, with sex service premises facing fines and closure if they don’t carefully follow a strict set of rules. “You have to jump through hoops every year to keep your license,” Mr Olsen said. “ (https://www.realcommercial.com.au/news/the-surprising-reality-of-owning-and-operating-a-brothel) “The market size, measured by revenue, of the Brothel Keeping and Sex Worker Services industry was $214.2m in 2023. The market size of the Brothel Keeping and Sex Worker Services industry increased 19.5% in 2023. The market size of the Brothel Keeping and Sex Worker Services industry in Australia has grown 4.2% per year on average between 2018 and 2023.” (https://www.ibisworld.com/au/market-size/brothel-keeping-sex-worker-services/)

Jeff Bezos by U.S. Air Force is licensed under CC-CC0 1.0

Why Do We Have The Rich & Poor?

Why do we have wealth inequality, which is becoming more extreme? Men. Men are in power everywhere you look. They are the bankers, the world leaders, the police chiefs, the business leaders and they make the rules. Sure, there are a smattering of women bosses here and there but men are, by far, in control of things. Inequality drives crime, poor health, addictions, and disenfranchises citizens from their communities. Inequality hurts children more than any other part of the demographic. If Elon Musk has a greater worth than many other nations let alone millions and millions of ordinary people – what does that tell us about the world? In the United States, they will not elect a woman president. Indeed, Donald Trump a convicted criminal has defeated women presidential candidates both times to achieve the highest office in the land. What does that infer about the most powerful country on earth? Power remains in male hands. “The differences between the average incomes of low, middle and high-income households in Australia are large. Someone in a household that falls in the highest 20% income group has more than twice the average disposable income of the middle 20% income group and six times as much as someone in the lowest 20% income group. The average income of the middle income group is almost three times that of the lowest income group. At the top end, income is even more heavily concentrated. The average income of the highest 5% income group is nearly four times the income of the middle 20% and nine times that of the lowest 20% income groups; while the average income of the highest 1% income group is almost three times that of highest 20% income group. People in the highest 20% income group receive 42% of all national income, which is more than the share of the lowest 60% combined. People in the lowest 20% receive only 6% of all household income, while the second lowest 20% receive 12%.” (https://povertyandinequality.acoss.org.au/inequality/)

Why Do We Have Domestic Violence? Why is Domestic Violence (DV) still at crisis levels in our wealthy Western societies? Men. Men commit acts of violence upon their partners and former partners well above that of women. 75% of reported incidents of DV are committed by men against women. The level of unreported acts would be, I suspect, much higher again. DV remains sticky in our communities because men are in power and they tolerate it. Most of the police forces are made up of men and have been since their beginnings. Similarly, the judicial system as a whole has been predominantly male for centuries. Men see things according to their cultural preconditioning and gender stereotypes. The lack of specific training in this area has been woefully inadequate for the longest time. Yes, there are small steps in the right direction happening but we are coming from a very low base. Getting men out of the positions of authority when dealing with DV is the only way to accelerate positive change. Why do we have wars? A war on women? “1 in 6 women have experienced physical or sexual violence by a current or former partner, while for men it is 1 in 16. 75% of victims of domestic violence reported the perpetrator as male, while 25% reported the perpetrator as female. Overall, 1 in 5 women and 1 in 20 men have experienced sexual violence.” (https://www.missionaustralia.com.au/domestic-and-family-violence-statistics#:~:text=1in6womenhave,itis1in16.&text=75ofvictimsofdomestic,reportedtheperpetratorasfemale.&text=Overall1in5women,menhaveexperiencedsexualviolence.) ©WordsForWeb

Read the full article

0 notes

global-research-report · 9 days ago

Text

2025 to 2030 Market Report: Key Dynamics in the Generator Sets Industry

The global generator sets market size is estimated to reach USD 57.9 billion by 2030, expanding at a CAGR of 9.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing demand for reliable and continuous power supply from several end-use industries including manufacturing and construction, power generation, oil and gas, chemical, marine, healthcare, telecom, and chemical are likely to strengthen market growth over the forecast period.

Infrastructure development, rapid industrialization, and continuous population growth are among the key factors resulting in an all time high power demand. The growing penetration of electronic load across several medium scale facilities such as data centers has led to increased usage of gensets in order to provide uninterrupted electricity supply during chronic power outages and prevent disruption of daily business activities.

Natural gas-powered enginegen sets are expected to witness higher growth compared to diesel gensets owing to fluctuating diesel prices and stringent regulations regarding usage of cleaner fuels. In addition, higher fuel efficiency powered engines gensets are expected to reduce the power generation cost and thereby increase the product penetration rate across various industries.

Genset manufacturers adhere to several codes and compliances regarding the design, installation, and safety of the systems. For instance, the genset should be manufactured in facilities certified to ISO 9001 or ISO 9002 and designed in facilities certified to ISO 9001. The prototype test program authenticates the performance reliability of the genset design. Certifications to leading organizations such as International Building Code, Underwriters Laboratories, CSA group, and US Environmental Protection Agency (EPA), increase the marketability of the product.

Generator Sets Market Report Highlights

Diesel generatoroccupied largest market revenue share in 2024 owing to the reliable performance, low capital cost of the generator, and longer lifespan of the engine.

The gas generator segment is projected to grow at the highest CAGR owing to the stringent regulations regarding emission control and usage of cleaner fuels.

Low power generators occupied for largest revenue market share in power rating segment owing to their increasing application in residential and commercial sector.

The medium power generator sets are expected to grow at a CAGR of 10.2% over the forecast period owing to its application across several industries including telecom sector, commercial complexes, small scale industries, and petrol stations.

The commercial segment occupies the largest revenue share in application segment and is projected to grow at a significant CAGR owing to wide application base including government centers, data centers, educational institutions and other such facilities.

In Asia Pacific, the market is expected to grow at the fastest CAGR owing to increasing power demand from developing economies such as China and India.

Generator Sets Market Segmentation

Grand View Research has segmented the global generator sets market based on type, fuel type, application, and region:

Generator Sets Type Outlook (Revenue, USD Million, 2018 - 2030)

Low Power Gensets

Medium Power Gensets

High Power Gensets

Generator Sets Fuel Type Outlook (Revenue, USD Million, 2018 - 2030)

Diesel

Gas

Generator Sets Application Outlook (Revenue, USD Million, 2018 - 2030)

Industrial

Commercial

Residential

Generator Sets Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

Russia

France

Asia Pacific

China

India

Japan

South Korea

Latin America

Brazil

Argentina

Middle East and Africa

UAE

Saudi Arabia

Order a free sample PDF of the Generator Sets Market Intelligence Study, published by Grand View Research.

#Generator Sets Market

0 notes

trendsofmarket · 15 days ago

Text

Analysis of Automotive Retrofit Electric Vehicle Powertrain Market Top Companies, Business Growth & Investment Opportunities, Share and Forecasts

Research Nester assesses the growth and market size of the automotive retrofit electric vehicle powertrain market, which is anticipated due to the widespread implementation of strict regulations for vehicle emissions. Particulate matter emissions from cars are increasing, causing the quality of the air to decline. Governments all over the world have consequently imposed stringent emission regulations on automakers.

Request for customization @

Research Nester’s recent market research analysis on “Automotive Retrofit Electric Vehicle Powertrain Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor's analysis and a detailed overview of the global automotive retrofit electric vehicle powertrain market in terms of market segmentation by component type, vehicle type, electric vehicle type, and by region.

Growing vehicle sales to promote the global market share of the automotive retrofit electric vehicle powertrain market

The global automotive retrofit electric vehicle powertrain market is estimated to grow majorly on account of worldwide vehicle sales because automakers emphasize converting older cars to electric vehicles.. Furthermore, the demand for electric vehicle powertrains for retrofitted cars is expected to rise as countries around the world adopt emission-related standards and regulations. International Energy Agency in 2024 stated that sales of electric vehicles increased by 3.5 million in 2023 compared to 2022, a 35% annual increase. About 18% of all cars sold in 2023 were electric vehicles, up from only 2% five years prior in 2018 and 14% in 2022.

Some of the major growth factors and challenges that are associated with the growth of the automotive retrofit electric vehicle powertrain market are:

Growth Drivers:

Increasing fuel prices

Decreased EV battery cost

Challenges:

The presence of concerns related to the low availability of EV charging facilities is expected to affect the market growth and act as a restraining factor. Although there are currently EV charging stations being installed in several countries, most of them are not able to meet the required number of installations. As a result, fewer public EV charging stations are available, which reduces the number of individuals who drive electric vehicles. Most nations still do not have this kind of charging infrastructure.

Access our detailed report at:

By component type, the automotive retrofit electric vehicle powertrain market is segmented into transmission, electric motors, converter, battery, and controller. The transmission segment is estimated to garner a significant market share over the forecast period. The segment’s growth is attributed to the ability to multispeed transmission and to create load-shifting capability on account of the latest research and development. For instance, Porshe Taycan 2020 has a feature of two-speed automatic transmission near its rear axle in its EV. The goal of this multispeed gearbox is to increase efficiency and acceleration at higher speeds. In addition, the Taycan has the option to run mainly on its front axle by disconnecting its rear axle.

By region, Asia Pacific is expected to generate the highest revenue by the end of 2036. In 2023, the Asia Pacific market has dominated the global sales, by about 45.9%. This growth was mainly fueled by the surge in the purchase of electric vehicles owing to their benefits. According to a report by the Economist Intelligence Unit in 2024, Asia will witness a growth rate of 63% in EV sales globally by 2029. Moreover, there are various government laws and regulations related to severe emissions. According to the Guide to Chinese Climate Policy 2022, several major Chinese cities impose license plate-based driving bans on passenger cars on specific days but do not apply to electric cars. This can act as a growing factor for the market growth. Furthermore, this region is a hub for markets for top companies such as Mando Corp., Mitsubishi Electric Corp., and Hitachi Astemo Ltd. This will act as an automotive hub and will grow this sector.

This report also provides the existing competitive scenario of some of the key players of the Mercedes Benz, AVID Technology, Revolution Electric Vehicles, EV Source, HSR Motors, UQM Technologies Inc., Magna International Inc., Meritor Inc., Bosch Ltd., Mitsubishi Electric Power Products, Inc., Hitachi Astemo, Ltd., Mando Corp.and many more.

Request Report Sample@

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make wise decisions for their future marketing strategy, expansion, investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: [email protected]

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

#Automotive Retrofit Electric Vehicle Powertrain Market trends #Automotive Retrofit Electric Vehicle Powertrain Market share

0 notes

marketanalysisdata · 2 months ago

Text

Permanent Magnets Market Analysis, Growth Forecast by Manufacturers, Regions and Application to 2030

In 2023, the global permanent magnets market reached a valuation of USD 22.18 billion and is projected to grow at an 8.7% compound annual growth rate (CAGR) from 2024 through 2030. This growth is largely driven by the increasing demand for renewable energy sources like wind and solar power. Permanent magnets play a critical role in enhancing the efficiency of wind turbine generators, a key application area in this sector. Specifically, rare earth magnets such as Neodymium Ferrite Boron (NdFeB) are commonly used in wind turbines due to their high reliability and reduced maintenance needs.

In the United States, the demand for permanent magnets is anticipated to grow at a faster rate than that for ferrite magnets, driven by applications in high-tech sectors like robotics, wearable technology, electric vehicles (EVs), and wind energy. Following the 2008-09 economic downturn, the U.S. automotive industry has seen steady recovery, with a growing emphasis on electric vehicles. Notably, the adoption of plug-in electric vehicles has increased, spurred by innovations from prominent manufacturers including Tesla, Chevy, Nissan, Ford, Audi, and BMW. For example, Tesla began incorporating motors with neodymium magnets in 2018.

Despite this growth, the U.S. faces a supply challenge due to a limited number of domestic manufacturers for permanent motor magnets, leading to substantial imports. In 2023, the U.S. imported around 4 million pounds of automotive parts from China, a majority of which were electric motors. The ongoing trade tensions with China have raised concerns about access to essential rare earth materials. In response, the U.S. government has launched several initiatives, including funding mining projects under the Defense Production Act, aiming to bolster the domestic supply of rare earth materials and reduce dependence on imports.

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Material Segmentation Insights:

In 2023, ferrite materials dominated the permanent magnet market, capturing a revenue share of approximately 36.0%. Ferrite magnets are predominantly used in motor applications, accounting for over 65% of total ferrite magnet usage. Their application spans automotive motors (19%), appliance motors (14%), HVAC systems (12%), and various industrial and commercial motors (11%) as of 2022. Additional uses of ferrite magnets include loudspeakers, separation equipment, Magnetic Resonance Imaging (MRI), relays & switches, and lifting devices.

The Neodymium Iron Boron (NdFeB) segment is expected to be the fastest-growing segment by volume and revenue in the forecast period. Over the last five years, NdFeB magnets have expanded into various applications, including electric and hybrid vehicle motors, wind power generators, air conditioning compressors and fans, and energy storage systems. Another important material in this market is Alnico, an alloy made from aluminum, nickel, and cobalt. Prior to the discovery of NdFeB in the 1970s, Alnico-based magnets were the strongest available. According to Magnet Applications, Inc., the average energy density (BHmax) of Alnico magnets is 7 MGOe, which is higher than ferrite magnets but significantly lower than that of NdFeB magnets.

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

#Permanent Magnets Industry #Permanent Magnets Market Share #Permanent Magnets Market Analysis #Permanent Magnets Market Trends

0 notes

marketstudyreport · 2 months ago

Text

Permanent Magnets Market 2030 Overview, Global Industry Size, Price, Future Analysis

Gather more insights about the market drivers, restrains and growth of the Permanent Magnets Market

Material Segmentation Insights:

Order a free sample PDF of the Permanent Magnets Market Intelligence Study, published by Grand View Research.

#Permanent Magnets Industry #Permanent Magnets Market Share #Permanent Magnets Market Analysis #Permanent Magnets Market Trends

0 notes

rohitpalan · 18 days ago

Text

Global Power Management Integrated Circuit Market Expected to Reach US$ 31.2 Billion by 2024

The Power Management Integrated Circuit (PMIC) Market is likely to surge at a vigorous 6.6% CAGR during the assessment period 2022 – 2027 and is anticipated to progress at a CAGR of 6.6% to reach US$ 28.1 Bn in 2022 and US$ 41.2 Bn by 2027.

Rising sales of smart devices across the globe

Growing energy harvesting initiatives

Introduction of compact and high-efficiency PMICs

Ongoing industrial automation and vehicle electrification

The FMI study finds that demand for power management integrated circuit (PMIC) in communication equipment application is projected to grow at a higher rate. In 2019, PMIC application in communication equipment is expected to grow at 8.5% y-o-y. The projected growth can be attributed to buoyancy in the telecommunication industry owing to increasing demand for connectivity and adoption of communication equipment starting from analogue switches to smartphones to communication satellites.

Personal Electronics Application Registers Leading Revenues

The FMI study finds that demand for power management integrated circuit (PMIC) remains higher in personal electronics devices. In 2018, sales of power management integrated circuit garnered revenues worth over US$ 5.7 billion in 2018 and held 27% of the global PMIC market share. The demand trend in personal electronics application is expected to continue in 2019 at the rate of 6.6% y-o-y.

A plethora of personal electronics devices and their rising adoption rate in the wake of increasing millennial population, expansion of middle class and increased purchase capacity are factors responsible for the increasing demand for power management integrated circuit (PMIC) in personal electronics application. In addition, manufacturers in the consumer electronics industry highly utilize PMIC to optimize energy consumption in compact devices.

Industrial application of power management integrated circuit (PMIC) registered second highest revenues and accounted for over one-fifth of the market revenues in 2018. Demand for power management integrated circuit (PMIC) in an automotive sector closely follows revenues in industrial application.

PMIC Marketplace Moderately Consolidated

Leading players in the power management integrated circuit (PMIC) marketplace share considerable revenues. Texas Instruments, STMicroelectronics, NXP Semiconductors N.V., ON Semiconductor Corporation and Analog Devices, Inc. are prominent market players, of which ON Semiconductor is the front runner.

Small and mid-sized players are leveraging strategies such as introduction of low-priced products to establish a stronghold in the domestic market. Increasing revenues of these players are eating into the shares of prominent PMIC market players.

APEJ Revenues Continue to Surge

The FMI study finds that APEJ continues to register leading position in the power management integrated circuit (PMIC) market. In 2018, over two-fifth of the PMIC market revenues were accounted for APEJ region, of which over 67% share was registered from China and India.

The region presents significant growth of the end-user industries of the power management integrated circuit (PMIC) market, thereby garnering leading revenues

The FMI study finds that North America continues to register the second leading position in the power management integrated circuit (PMIC) market. In 2018, over one-fourth of the PMIC market revenues were accounted for the North America region, of which over 81% share was registered from the U.S.

Across the globe, increasing energy harvesting initiatives and their penetration in the semiconductor industry has generated lucrative opportunities for power management integrated circuit (PMIC) market. As the global demand for electricity rises and the world enters the era of IoT and digitalization, demand for power management integrated circuit (PMIC) is set to rise in the coming years.

#Power Management Integrated Circuit Market

0 notes

iso27001certificationinqatar · 2 months ago

Text

GDPR Certification in Pune: Ensuring Data Protection and Privacy

In an age where data breaches and privacy concerns dominate headlines, the importance of data protection cannot be overstated. The General Data Protection Regulation (GDPR), enacted by the European Union (EU) in 2018, has set a global benchmark for data privacy and protection. While it primarily applies to organizations operating within the EU, its reach extends to any business that processes the personal data of EU citizens, regardless of where the organization is located. For companies in Pune, understanding and complying with GDPR is essential for protecting customer data and maintaining regulatory compliance. This blog will explore the significance of GDPR certification, its implications for businesses in Pune, the certification process, and the benefits it offers.

Understanding GDPR

GDPR certification in Pune is a comprehensive data protection regulation that aims to protect the privacy and personal data of individuals within the EU. It outlines strict guidelines on how organizations should collect, store, and process personal data. Key principles of GDPR include:

Transparency: Organizations must inform individuals about how their data will be used and obtain explicit consent before processing.

Data Minimization: Only the data necessary for a specific purpose should be collected.

Accuracy: Organizations are responsible for ensuring the accuracy of the data they collect and must rectify any inaccuracies promptly.

Storage Limitation: Personal data should be retained only as long as necessary for the purpose for which it was collected.

Integrity and Confidentiality: Organizations must implement appropriate security measures to protect personal data from unauthorized access, disclosure, and destruction.

Failure to comply with GDPR can result in significant fines, reaching up to 4% of a company’s global annual revenue or €20 million, whichever is higher.

The Importance of GDPR Certification in Pune

Pune, a thriving IT and business hub, is home to numerous organizations that collect and process personal data. For businesses operating in this environment, GDPR certification offers several critical advantages:

Compliance with Legal Requirements: GDPR registration in Pune ensures that organizations comply with the stringent data protection regulations outlined by the EU. This compliance is essential for avoiding hefty fines and legal repercussions.

Building Customer Trust: In a world increasingly concerned with privacy, customers are more likely to engage with businesses that prioritize data protection. GDPR certification demonstrates a company’s commitment to safeguarding customer data, enhancing its reputation and credibility.

Competitive Advantage: With data privacy becoming a key differentiator in the market, organizations with GDPR certification can stand out among competitors. This certification signals to potential clients and partners that the business is serious about data protection.

Risk Mitigation: Achieving GDPR certification requires organizations to implement robust data protection measures, reducing the risk of data breaches and cyberattacks. This proactive approach not only protects sensitive information but also helps mitigate potential financial losses associated with data breaches.

Access to Global Markets: For businesses in Pune seeking to expand their operations internationally, GDPR certification is crucial. It allows organizations to engage with EU clients and customers while ensuring compliance with local data protection laws.

The GDPR Certification Process

Obtaining GDPR certification involves several key steps that organizations must follow:

Gap Analysis: Conduct a comprehensive assessment to identify areas where the organization’s data protection practices do not meet GDPR requirements. This analysis helps pinpoint weaknesses and areas for improvement.

Implementing Policies and Procedures: Develop and implement data protection policies, procedures, and protocols to address the identified gaps. This may include updating privacy notices, consent mechanisms, and data handling practices.

Training and Awareness: Educate employees about GDPR implementation in Pune and best practices for data protection. Ensuring that staff understand their roles and responsibilities in safeguarding personal data is critical for compliance.

Documentation: Maintain thorough documentation of data processing activities, including data inventories, processing agreements, and privacy impact assessments. This documentation is essential for demonstrating compliance during audits.

Third-Party Assessments: If applicable, organizations should engage a third-party certification body to conduct an external audit of their data protection practices. This independent assessment provides an objective evaluation of compliance.

Certification: Upon successful completion of the assessment and implementation of necessary measures, organizations can obtain GDPR certification from an accredited certification body.

Choosing a Certification Body in Pune

When seeking GDPR certification, selecting the right certification body is crucial. Organizations in Pune should consider the following factors:

Accreditation: Ensure the certification body is accredited and recognized by relevant authorities. This accreditation enhances the credibility of the certification.

Experience: Look for a certification body with a proven track record in GDPR certification and data protection assessments.

Comprehensive Services: Choose a body that offers a full range of services, including gap analysis, training, and ongoing support for maintaining compliance.

Conclusion

As data protection and privacy continue to be pressing concerns for consumers and organizations alike, GDPR certification has become essential for businesses operating in Pune. By prioritizing compliance with GDPR, organizations not only protect their customers’ data but also enhance their credibility, mitigate risks, and gain a competitive edge in the marketplace. In a rapidly evolving digital landscape, GDPR consultant in Pune serves as a critical investment in the future of data security and privacy, positioning organizations for success in an increasingly data-driven world.

#GDPR Consultants in Pune #GDPR in Pune #GDPR Implementation in Pune #GDPR Registration in Pune #GDPR Certification Services in Pune

0 notes

global-research-report · 10 days ago

Text

Comprehensive Analysis of the Digital Mammography Market: Growth Drivers and Challenges

The global digital mammography market size is expected to reach USD 2.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.26% from 2022 to 2030. The increasing efforts by various governments and NGOs to promote awareness regarding the early detection of microcalcifications in breast tissue are primarily responsible for market growth.

For instance, in the Netherlands, the National Breast Cancer Screening Program was established for women aged 50 to 75. Women in this age group were invited for a mammogram every two years. Similarly, as part of the government's national screening program, Breast Screen Australia, women aged 50 to 74 in Australia are mandated to receive free mammograms every two years. Some other significant organizations such as the National Breast Cancer Foundation, the CDC, and the Breast Cancer Organization are promoting the early diagnosis of mammary gland calcification.

Prominent mammography manufacturers are developing new products and increasing the number of approved devices, which will drive the demand in the coming years. For example, Siemens Healthineers received FDA certification for its improved mammography platform MAMMOMAT Revelation in March 2018. This platform is paired with a new InSpect specimen imaging tool and HD Breast Biopsy technology to allow for one-click targeting of damaged regions. Furthermore, in October 2021, iCAD, Inc. launched its next generation of ProFound AI for 2D Mammography.

Furthermore, the application of AI in 3D mammography has minimized exam time while retaining image quality. For instance, in March 2021, iCAD received the USFDA authorization for its ProFound AI Version 3.0 for Digital Breast Tomosynthesis (DBT) system. When compared to prior versions of the program, it gives up to a 10% boost in specificity performance, a 1% improvement in sensitivity, and 40% fast processing. As a result, the rapid FDA approval of AI-enabled 3D mammography equipment is further propelling the market growth.

Digital Mammography Market Report Highlights

Based on the product, 3D full-field digital mammography tomosynthesis is expected to expand at the fastest CAGR of 10.74% from 2022 to 2030 owing to the technology's sharp visual results and lower recall rates. Furthermore, 3D breast tomosynthesis overcomes the limitations of conventional mammography by assisting in the identification of all types of lesions

By end-use, the hospitals segment captured the largest revenue share of over 45.0% in 2021 owing to the increasing investments in healthcare infrastructure development, higher purchasing power, the availability of well-equipped operating and diagnostic rooms, and better health coverage for hospital-based healthcare services

In 2021, North America dominated the market with a revenue share of over 35.0% due to the increasing adoption of technologically advanced screening devices and an upsurge in the number of approvals of 3D systems

Digital Mammography Market Segmentation

Grand View Research has segmented the global digital mammography market based on product, end-use, and region:

Digital Mammography Product Outlook (Revenue, USD Million, 2018 - 2030)

2D Full Field Digital Mammography Tomosynthesis

3D Full Field Digital Mammography Tomosynthesis

Digital Mammography End-use Outlook (Revenue, USD Million, 2018 - 2030)

Hospitals

Diagnostic Centers

Others

Digital Mammography Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Canada

Europe

Germany

France

Italy

Spain

Asia Pacific

China

Japan

India

Australia

South Korea

Latin America

Mexico

Brazil

Argentina

Colombia

MEA

South Africa

Saudi Arabia

UAE

Order a free sample PDF of the Digital Mammography Market Intelligence Study, published by Grand View Research.

#Digital Mammography Market

0 notes

globalindustrytrends · 2 months ago

Text

Rising Sleep Disorders Drive Growth in Sleep Tech Devices Industry

The global sleep tech devices market is set to expand from $12,888.4 million in 2020 to $49,984.7 million by 2030, growing at a CAGR of 14.5% from 2020 to 2030, according to P&S Intelligence. Key factors driving this growth include the increasing prevalence of sleep disorders, heightened awareness of the negative effects of untreated sleep apnea, and the rising use of oral appliances.

Sleep disorders, such as insomnia, sleep apnea, narcolepsy, parasomnias, and restless legs syndrome, are becoming more common, leading to increased demand for sleep tech devices. These disorders can impact various aspects of life, including mental health, productivity, safety, and even body weight. Furthermore, untreated sleep disorders can raise the risk of developing conditions like heart disease and diabetes. Awareness of the dangers of untreated sleep apnea is also propelling market growth.

According to the American Academy of Sleep Medicine (AASM), obstructive sleep apnea (OSA) is a prevalent condition where breathing pauses occur during sleep. If untreated, it can significantly affect a person’s health and well-being, altering oxygen levels and vital signs, and degrading sleep quality. Long-term untreated apnea adds stress to the body, increasing the risk of other health problems.

The market is segmented into wearable and non-wearable devices based on product type. Wearable devices generated higher revenue from 2015 to 2020 and are expected to continue leading due to the rising demand for portable devices that can track and monitor data in real time. These wearables assist healthcare providers by enabling early problem detection and continuous monitoring.

Geographically, North America has dominated the market due to high healthcare expenditure and increased public awareness of the benefits of proper sleep. The growing prevalence of sleep disorders has further fueled demand in the region. For instance, approximately 50–70 million U.S. adults were affected by sleep disorders in 2018, according to Sleep Apnea Statistics.

Meanwhile, the Asia-Pacific (APAC) region is anticipated to witness the fastest market growth in the coming years. Factors such as technological advancements, a growing elderly population, and increased adoption of sleep technology drive demand. As older adults are more prone to sleep disorders, the increasing geriatric population boosts the market in this region. Additionally, industry players are engaging in mergers and acquisitions to meet the rising demand.

Thus, the future of the sleep tech devices market looks promising, driven by the increasing incidence of sleep disorders worldwide.

#sleep tech #life sciences #research #healthcare

0 notes

researchrealmblog · 3 months ago

Text

Middle East and Africa (MEA) To Observe Explosive Growth of Compressor Market During 2020-2030

Valued at $39.9 billion in 2019, the global compressor market is predicted to generate $48.5 billion revenue in 2030. Furthermore, as per the forecast of P&S Intelligence, a market research firm, the market would advance at a CAGR of 3.1% from 2020 to 2030. The prominent factors driving the progress of the market are the increasing number of food processing companies in several countries, thriving automotive industry, and the growing preference for screw compressors over piston compressors in industries.

Compressors are extensively used in the automotive industry in various applications such as car painting, tire inflation, engine construction, and air conditioning systems. As a result, the boom of the automotive industry, especially in the Asia-Pacific (APAC) region, on account of the growing disposable income of people, rapid technological advancements, and ballooning requirement for electric cars, is causing a sharp surge in the sales of compressors. As per reports, over 2.1 million electric cars were sold globally in 2019.

Electric cars accounted for 2.6% of the total number of cars sold across the world in 2019 and registered as much as 40% Y-o-Y (year-on-year) growth in sales from 2018. Besides this, the surging sales of heating, ventilation, and air conditioning (HVAC) systems is also propelling the growth of the compressor market. The sales of these systems are being driven by the increasing construction of commercial and residential buildings and the rapid development of various energy-efficient systems.

Apart from being heavily used in the automotive industry and HVAC systems, compressors are also being extensively used in gas pipelines for maintaining the required pressure and flow. As a result, the growth of the gas pipeline network in various geographical regions, because of the rising requirement for natural gas in domestic settings, soaring population, and increasing industrialization and urbanization, is positively impacting the sales of compressors across the globe.

For example, in 2017, Gazprom developed 121 gas pipelines over an area of 1,148 miles in as many as 32 constituent entities of the Russian Federation. Furthermore, GAIL (India) Limited announced in 2018 that it intends to construct 3,418 miles of new gas pipelines over the next three years. This construction of new pipelines would help the company expand its gas pipeline network. With the expansion of so many pipelines, the demand for compressors would shoot-up in the coming years.

Depending on portability, the compressor market is bifurcated into stationary and portable compressors. Between these, the stationary bifurcation recorded higher revenue growth in the market during 2014—2019. Moreover, this bifurcation would dominate the market in the future years, on account of the rising popularity of stationary compressors across the world. Stationary compressors have greater storage capacities and are more powerful than the portable variants. As a result, they are more widely preferred over portable compressors in various industries.

Globally, the compressor market is predicted to exhibit the fastest growth in the Middle East and Africa (MEA) region in the upcoming years, mainly because of the soaring investments being made in the development of manufacturing facilities and the ballooning production of processed foods in the region. In addition to this, the increasing manufacturing of automobiles in the regional countries such as Egypt, Algeria, Tunisia, and Morocco is further boosting the growth of the market in this region.

Thus, it can be said with full conviction that the market would boom all over the world in the future years, primarily due to the rapid growth of the automotive and oil and gas industries and the extensive usage of compressors in various applications in these industries.

Source: P&S Intelligence

#Compressor Market Share #Compressor Market Size #Compressor Market Growth #Compressor Market Applications #Compressor Market Trends

1 note · View note