Coding and Marking Market Size and Growth 2024

Is Industry 4.0 offering New Dimensions to Coding and Marking Market?

Over the years, the coding and marking industry has undergone significant evolution. With ramping up of production across end-user industries along with the growing need to compete in the global market, the demand for effective coding and marking solutions has become essential. Further, several regulatory policies associated with the coding and marking up of products across regions play a crucial role in shaping the growth of the industry. The market is innovation-driven and requires vendors to consistently come up with strategic and innovative offerings.

Integrating with Industry 4.0 and Adopting Industrial Internet of Things (IIoT)

  • Domino Printing Sciences launched Ax-Series CIJ printer that has several sensors for enabling proactive and predictive diagnostics, automating system monitoring, connection to cloud platform (Domino Cloud) and other remote service support functions.

Industry 4.0 is gradually penetrating and defining the global coding and marking market. Data exchange and automation are the key trends in Industry 4.0. Modern day manufacturing is undergoing a series of transformations, and coding and marking vendors are also matching up with the latest industry practices. Updating services and solution offerings in tandem with the improvising industry practices is set to be a key to grow in the coming years.

Industrial Internet of Things (IIoT) is an upcoming trend, which helps to engage coding and marking solutions with real-time machine integration in the production plants, thereby enabling smooth flow of data exchange. It helps to reduce the error or coding malfunctions comprehensively. Further, vendors are catching up with the current transformation in manufacturing under industry 4.0 to deliver integrated solutions. Also, end-users are constantly witnessing shift toward attaining 100% automated manufacturing.

Capitalizing Upon Laser Coding Potential

  • Laser coding solutions are becoming popular among industries such as cosmetics, personal care, food and beverages, and automotive.

Laser coding is one of the recent developments in the coding and marking market worldwide. It has witnessed a sharp rise in demand largely due to its feasibility across a wide range of end-user industry applications. It is also rising in popularity owing to its ability of reducing production downtime while boosting productivity. Coding and marking play a vital role in the food and beverages industry worldwide. With the growth in the sector holistically across the globe, the demand for appropriate coding and marking solutions becomes imminent. The emergence of new potential markets across geographies and multiplication of stock keeping units has further propelled growth of the sector. This rise of the sector is further backed via increased consumer spending across the sector.

Hence, the demand for these solutions is set to grow in the years, backed by evolving trends. Vendors can consider entering into collaborations with F&B sector companies based upon their requirements. Vendors even consider offering customized and innovative options.

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E-learning market research report - eLearning market size, share 2024

Gamification: A fun way to learn

The eLearning market is evolving rapidly. The advent of cloud infrastructure, peer-to-peer problem solving, open content creation, and the rapid expansion of the target audience has enabled eLearning providers to offer course content at a competitive price than traditional channels. Further, the eLearning market, including gamification and blended learnings, is growing at a significant rate. Course developers are simplifying the basic concepts through interactive gaming sessions. These tools are widely used for learning purposes, especially in developing countries.

Gamification: Simplifying the Concepts while Playing

  • Private institutional are adopting gamification to increase the competitive edge of its pedagogy over the conventional method.

Gamification is an effective and interesting trending tool in the eLearning market. It is one of the simplest ways of learning while playing. Gamification can be cited as the future of learning that involves the use of video game design and elements for learning. Narratives, player controls, social networking, collaborative problem solving, and social connection are some of the most adopted elements implemented for gamification. The gamification market is expected to grow at a higher CAGR in the coming years.

Gamified applications bring significant behavioral changes in learners and can be customized to cater to several industries, which include sales, customer support, soft skill training, branding, and compliances. Further, it has a profound impact of the learner’s recall, retention, and behavioral changes.  K-12 and vocational users are the two major end-users of the gamified eLearning market.

Blended Learning to Emerge as a Norm in Education Technology

  • IT organizations have reported a 40% decline in functional and language training costs for cross-border assignments due to the adoption of cloud-based learning solutions.

Blended learning involves the usage of digital mediums for content creation and customization. It involves both classroom way of teaching and the digital mode, which makes learning more effective. The language training market is emerging as the largest adopter of blended learning as it helps the instructor to tailor the content delivery according to the user’s capabilities and time limitation. Further, flip, rotation, self-blend, and flex are prominent blended learning models.

Several countries, however, do not have access to full-fledged high-speed internet connectivity. Therefore, Blended learning is necessary for models that comprise the right blend of online and offline learning. Further, the personalization of the learning material is another major area of emphasis, which can be achieved by self-blended learning.

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Global Smart Set top box market research report and forecast 2024

Digitization Trend increasing Growth Avenues for Set Top Box Market

The smart set top box market is growing profusely. The growth can be attributed to the steep growth in consumer retail of over-the-top (OTT) boxes and the consolidation of leading players in the global market. Increased constructional activities in residential and hospitality sector will further increase the demand for smart STBs. The smart set top box market was valued around $1.2 billion in 2018, which is expected to witness significant growth in coming years.

Vendors are also playing a major role in augmenting the growth. They are focusing on adopting technological innovations and trying to expand their geographical presence across the globe. Vendors are considering Europe and North America as potential markets. However, to capitalize on increasing demand from APAC, Latin America, and MEA regions, major players are increasing their geographical presence.

Digitization Trend at a Glance

  • The expanding broadband connectivity is expected to attract new advertisings, which is likely to add around $110 billion incremental spending in coming years.
  • As the number of broadband connections is increasing, opportunities for digital expenditure on part of consumers are expected to grow in the near future.
  • Digital spending will grow at a CAGR of 9.5% by 2024.

In the last few years, the consumption of HD streaming content such as linear, IP, and OTT channels and the adoption of HD, 4K, and UHD equipment have increased significantly among consumers in developed countries. However, developing economies are also witnessing a surge in the introduction of new HD channels, which is fuelling the demand for the smart set top box. In addition, stringent government and federal regulations mandating digitization of cable networks in high population countries such as India and China are accelerating the demand for set top box in the market.

Growing Internet Penetration and Increasing Shift toward OTT Content

Evolving cloud infrastructure and low data prices are emerging as major drivers for strengthening internet connectivity. The worldwide internet penetration is set to grow to 59.935 by 2022, thereby offering immense opportunities to the smart set top box market. Further, the growing internet penetration, high smartphone adoption, and the growing consumption of OTT content are the three major factors driving the demand for the smart set top box.

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Stock music market growth, market share, demand, forecast 2024

Stock Music:TV Styling Digital Programs

The most popular video content genres include entertainment, information-based and funny. Educational videos are more in demand with about 63% of consumers preferring such videos on social media. The introduction of artificial intelligent music composition platforms is another interesting development in the global stock music market. Players such as Amper have introduced Amper Score, an end-to-end platform that can churn out tunes that fit a specific length, style, and structure.

Growth of TV Styling Programming

The increasing penetration of the internet and internet-based devices has led to the growth of social media, thereby increasing demand for visual content. Social networks are recording passive behaviors among consumers wherein they are catching up onnews, looking for entertainment during in-between moments, and watching videos to kill time. To keep viewers hooked, social media is offering new advertising inventory and pushing brands to craft TV-style content. For instance, Facebook is leveraging the “watch” tab to fuel original social-first programming. Similarly, snapchat provides made-for-social TV for mass access, and YouTube has entered into the content partnership with brands. Further, stock music accounts for a large part of TV styling digital programs. These platforms are rolling out an array of video content, pre-made songs, and sound effects that are expected to drive the stock music market globally in the coming years.

Growth of Platform Integration

Platform integration has become an important tool of the stock music market. It provides an intuitive search experience, facilitating easier and faster utilization of stock music through the integration of music libraries across applications. Simply by providing them in-program, users are saved from the added hassle of leaving their workspace, thereby enabling them to generate products through seamless utilization of their resources.

These unified locations provide value to creators’ workflow by making their creative processes a lot more structured. They put all the control in the hands of the creator, thereby helping reduce costs of having to source content from outside and ridding users of the trouble with work coming to a grinding halt caused by dependency and delays. Such moves create opportunities to expand the distribution base while increasing the affinity in the market. From video editing to website creation, several players in the market are offering up APIs to introduce their libraries to an extensive and relevant user base. For instance, Storyblocks introduced a developer portal, which offers flat free pricing, licensing through API, unlimited API calls, unlimited content downloads, and legal protection and indemnification.

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Global carpet cleaning industry analysis 2024

Increasing Popularity of Green Cleaning Technology to drive Carpet Cleaner Market

  • The volume of the global construction output is expected to grow by 85%, reaching a value of $15.5 trillion by 2030.
  • In terms of volume, the US was the world’s largest carpet consumer, with approximately 34% of the global carpet consumption in 2018.

Carpet flooring is ideal for spaces that require noise insulations such as educational institutes, hospitals, offices, and administrative buildings. The growth of commercial spaces such as shopping malls, retail spaces, and offices is expected to support the growth of the carpet flooring market. Several commercial buildings outsource carpet cleaning services to professionals that reduce manual labor cost and save time. Further, the expanding retail business is expected to drive the growth of the commercial real estate market, which is eventually expected to benefit the global carpet cleaner market.

Further, with the rising demand for decorative commercial spaces, the demand for carpet flooring is expected to increase across several industries, especially commercial. Hence, the increasing commercial construction is likely to drive the market for carpet flooring, thereby driving the demand for carpet cleaners.

  • The US, Egypt, Canada, China, the UK, Australia, Turkey, Indonesia, Japan, India, and Iran account for approximately 80% of the global carpet consumption.
  • The highest per capita consumption of carpets was recorded in Canada and Australia, significantly higher than the global levels in 2018.

Carpets are widely used for residential and commercial purposes. The demand for carpets has been the highest in developed countries; however, the trend has changed in the last few decades with the increasing number of consumers shifting to carpet flooring to improve aesthetics both at homes and offices.

The increasing economic growth and growing construction and renovation activities in emerging economies such as Brazil and India are also fueling the global demand for carpets and carpet cleaning. Further, the rising demand from automation and civil aviation industry are also supporting market growth. Also, consumers are increasingly opting for eco-friendly products due to an increase in awareness of environmental sustainability, carbon emissions, and climate change.

Further, the increasing popularity of green cleaning, which refers to the usage of products and services that have less impact on human health and the environment, is driving the carpet cleaning market. Professional carpet cleaning service providers are increasingly incorporating greener cleaning technologies that have a minimal impact on the environment. They use green certified, non-toxic cleaning agents. Carpet cleaning agencies are gradually focusing on adopting sustainable cleaning technologies.

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Headphones and Earphones Market in Latin America

Are Strategic Collaborations strengthening Headphones Market in Latin America?

The adoption of smartphones in Latin America has reached to the level witnessed in developed countries. Latin America has been witnessing the highest growth rate in revenue from digital music subscriptions and streaming services over the last six years. The revenue of the music industry in Latin America increased by 17.70% in 2017, and the income from digital content increased by over 30% for the same period.

The surge in digital revenues was majorly due to the rise in streaming, which grew 49% in the previous year. Online streaming is a major driver for the rise of the music industry as well as for the headphones market. Spotify and Apple are the major companies that are driving the online music streaming segment in Latin America. Further, the increase in the urban population and the growth of disposable income are expected to increase the spending on mobile accessories, including headphones in Latin America. The rise in demand for music and the growth of music enthusiasts will further drive the headphones market in Latin America.

Maximizing Audio Quality and Enhanced Features

Product miniaturization is likely to drive the revenue of major market vendors in the coming years due to changing consumer preferences and technological advancements. The same holds true for headphones. Headphones have evolved from circum-aural to supra-aural, and later on earphones and true wireless in-ear headphones, which send the sound directly into the user’s ear canal. Hyper-compression technique is used to boost the dynamics of recordings. The current upsurge in hyper-compressed recordings offers significant evidence of the role of the noisy environment as catalysts to the evolution of digital audio production. This drives to analyze mobile listening situations as complex interactions of audio technology, human perception and sensations, and contextual factors.

The removal of the headphone jack has paved the way for true wireless headphones. True wireless headphones are focusing on offering several real-time solutions rather than streaming music and answering calls. Sound transparency, ambient noise control, speech elevation, and augmented hearing functionality are some of the solutions offered by true headphones.

Increased Collaborations

The headphones market is witnessing an increased number of collaborations between manufacturers of headphones and industry partners. The demand for music accessories, especially headphones, has given rise to several alliances over the years. Many headphone and mobile manufacturers have entered into agreements to provide advanced headphones.Such collaborations allow headphones manufacturers to launch advanced variants of their existing models and minimize R&D costs.The headphones and earphones market has witnessed a few major collaborations in the last couple of years, which include:

  • In 2014, Apple acquired Beats Electronics for $3.20 billion. This acquisition was aimed to manufacture listening products that are compatible with the Apple line of products such as iPhone, iPod, iPad, and MacBook.
  • In 2014, OnePlus and JBL formed an alliance for special edition earphones, which included a set of JBL E1+ earphones and a special edition version of the OnePlus One.
  • In 2016, Roland Corp., an electronic musical instrument and recording gear manufacturer, acquired 70% ownership stake in boutique headphone manufacturer, V-Moda.

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Market research report on holographic technology

Will Holographic Technology revolutionize Medical Diagnosis?

A hologram typically is a photographic recording of the light field than an image formed by a lens. Holograms are 3D images, which can be seen through naked eyes. Holography technology is majorly used in the healthcare and commercial sectors.

While the world is moving toward an increasingly digital future, where the lines between the virtual and physical worlds are blurring, holography technology is becoming more utilitarian than utoptian.

Holographic technology is changing the world of medicine. Now, one could see a 3D holographic image of the human heart. Further, the convergence of AR, VR, and AI with holography has made diagnosis more accurate and precise. Medical holography offers a better view of human anatomy and helps improve surgicial planning, medical education, and research and training.

Advancements in digital cameras, display technology, high-internet connectivity, and the convergence of AI technology, reconstruction of digital signals to furnish holographic images in real-time have opened new prospects for holographic imaging applications in the medical sector. Further, recent advancements in holographic systems provide non-invasive diagnostics to diagnose disease. Holography is widely applied in ophthalmology, orthopedics, and dentistry. Also, the increase in government investments, the growth in R&D activities, the adoption of new technologies, and the rise in healthcare products spend are likely to drive the healthcare market.

Increased Usage of Touchable Holographic Display

Touchable holographic display is a new technology, which enables the user to touch the projection mid-air. It is majorly used in medical (for medical imaging projectors and anatomical imaging), defense, consumer electronics, and other commercial sectors. Touchable holograms were conceptualized in 2015 by Tsukuba University, Japan. Currently, touchable holographic display sare being used in commercial applications at marketing and promotional events. Displair is a leading vendor in the touchable holographic display market.

Further, the integration of consumer electronic products with touchable holographic displays is likely to grow in the coming years says. Hence, touchable holography is expected to gain profits in the coming years due to high invest in R&D and growing demand and adoption of advanced displays technology

Increasing Use of Real-time Holographic Imaging

The global IT healthcare market is expected to reach $229 billion by 2020. Since 2011, over 1,200 venture capitalists have invested more than $14 billion in the US healthcare market for developing digital healthcare technologies.  Some of the major innovations in the healthcare industry include next-generation sequencing (NGS), 3D-printing, immunotherapy, artificial intelligence (AI), point-of-care diagnostics (POC), virtual reality (VR), augmented reality (AR), biosensors and trackers, convenient care, and telehealth. Therefore, holographic technology will revolutionize the healthcare industry by making treatment and diagnosis easier and more accurate and efficient. Holographic imaging will benefit doctors in visualizing abnormal or complex 3D structures such broken and displaced bones that can result in trauma.

Cardiologists and cardiac surgeons at Toronto General Hospital’s Peter Munk Cardiac Centre (PMCC) recently performed the first live medical procedure using real-time holographic imaging developed by Israeli company,RealView Imaging Ltd. The doctors used the device called as HOLOSCOPE-i and performed the world’s first valve-in-valve mitral valve procedure, a minimally invasive procedure that replaced a worn-out surgical valve. The device provides complete realistic, spatially accurate 3D in-air holograms. Such types of operation will the bring radical changes to the healthcare industry and will reduce the complexity and difficulty level of surgeries. Holographic imaging will provide surgeons and healthcare professional a clear footage of the organ or the affected part, thus helping in concluding accurate and precise inferences.

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sound-reinforcement-europe-industry-analysis-size-share-trends

Are Strategic Partnerships increasing Brand Visibility of Sound Reinforcement Products?

The adoption of sound reinforcement products in Europe has reached a significant level in the last few decades. Sound reinforcement products have witnessed the highest growth revenues due to the increase in live musical performances and the rise of the music industry in the region. Strategic collaborations between manufacturers and musical artists have also benefited the sound reinforcement market significantly. The sound reinforcement market in Europe is expected to reach $2.24 million by 2024.  A major reason for the increased growth of the sound reinforcement market is the replacement of legacy pro AV systems and other systems.

Also, the popularity of music groups, festivals, and concerts among people is another major factor responsible for market growth.  The improving economy in several European countries has significantly contributed to the growth in per capita income, thereby increasing the attendance in live musical performances and concerts across the region.

Expanding Music Industry and Increasing Live Performances

Sound reinforcement products, lighting systems, and associated pro AV systems and solutions are an integral part of the live music industry. In the last couple of years, Europe has witnessed a spurt in musical events due to increased revenues from live musical shows. Further, increasing corporate sponsorship for music tours, venues, and events is also contributing to market growth. For instance, the live music industry in the UK contributed more than $1.3 billion in the GVA (Gross Value Added) for 2017, while simultaneously employing more than 28,500 people.

Also, a high number of audiences are attending musicals event to listen and watch their favorite artists perform. For instance, the total audience attending live music concerts, festivals, and events in the UK reached more than 29.0 million in 2017. Hence, musical events and concerts are helping to boost market growth significantly in the country.

Increasing Trend for Strategic Partnerships with Artists

The increasing trend of strategic partnerships with artists is playing a pivotal role in the development of the audio equipment market. These partnerships have proved successful as they help to promote stars, artists or performers as brand ambassadors. For instance, Ed Sheeran use of Sennheiser’s microphones and other products have given the brand an edge owing to the fact that it is associated with a famous rockstar. Therefore, the association of a mega rock or pop star with any musical company brand is sufficient to promote or increase visibility worldwide.

Hence, vendors in the market are looking forward to capitalizing upon strategic partnering opportunities and establishing the presence as one-stop solution providers for sound reinforcement systems.  Audio-Technica, Bose, Harman International, MUSIC Group, Sennheiser, Shure, Sony, and Yamaha are some of the leading vendors in the European sound reinforcement market.

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Functional Chewing Gum Market Research Report 2024

Sliming Chewing Gums can lead to Weight Loss

Functional chewing gums have more health benefits than traditional chewing gums. Nicotine gums, oral health gums, dietary gums, and lifestyle gums are the most common types of functional chewing gums. The functional chewing gum segment accounts for approximately 24.19% of the global chewing gum market, which is expected to reach around$10 billion by 2024. To increase the sale of chewing gums, vendors are incorporating several benefits such as energy gums, tooth whitening gums, sleep gums, weight reducing gums, focus gums among others. For instance, Khlôros Technologies (Chewed) has introduced a functional gum for relieving hangovers and increasing energy, concentration, and sleep.

Geographically, APAC accounts for the largest share and has captured around half of the functional chewing gum market. The presence of a large proportion of the young population, growth in health challenges such as obesity, diabetes, and a large proportion of the smoking population are primarily driving the market for functional chewing gums in the region.

Sliming Chewing Gums have been effective in managing weight loss

According to several surveys, around 604 million adults and 108 million children are suffering from obesity worldwide.Obesity can largely be prevented by reducing fat and sugar intake, consuming fresh fruits and vegetables and engaging in physical activities. Chewing gums can significantly reduce the calorie intake,thereby facilitating the weight management process. Manufacturers have introduced special functional chewing gums with added ingredients that help to curb hunger, reduce fat, and decrease weight in consumers. For instance, CévaSlim is a functional gum with added ingredients such as chlorogenic acid that inhibits formations of glucose in the liver, thus absorbing fat directly from the food taken.

Similarly, WUGUM introduced diet gums, which stimulate the secretion of required fluids without adding calories to the body. Hence, sliming chewing gums help to reduce weight by curbing hunger and extra eating.

Sugar-Free Chewing Gums Stop Tooth Decay

Sugar-free chewing gums captured more than half of the global chewing gum market in 2018. Clinical studies have proven that sugar-free chewing gums help to maintain oral health by producing more saliva. They are sweetened using natural ingredients such as aspartame, xylitol, sorbitol, or mannitol, which restrict the production of plague bacteria. Several key chewing manufacturers are using xylitol as a sweetening agent in functional chewing gums due to xylitol’s multiple health benefits. Some of the popular brands of functional chewing gums with Xylitol includes Trident, Epic dental, Orbit, Spry, Lotte. The rising trend for sugar-free chewing gum is expected to drive the functional chewing gumsmarket during the forecast period.

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Door Closers Market

Innovations and Compliance Regulations driving Door Closers Market

The usage of doors closers has been since time immemorial. Door closers have found a mention in the writing of the Hero of Alexandria, where a device called “Automata” was used to open and close the temple doors automatically. The commercialization of door closers started in the Victorian era with companies starting trading over spring door closers. In November 25, 1873, Francis Richards filled the first patent for door closers in the US. However,the big moment arrived in 1877 with the entry of Lewis C Norton, who entered the door closers market by designing a door check for the Boston Trinity Church. As of now, several Chinese and Indian companies have entered the market and are already creating a niche for themselves.

Global Rise in Construction Activities

The growth of commercial construction spaces- shopping malls, office and residential buildings, and retails outlets – has tremendously affected the door closers market in the last two decades. Since 2013, the commercial real estate market has grown by 2.9% to reach a value of approximately $6.1 trillion in 2018. The number of business has also increased by 2.9% and the number of employees increased by 2.8% in the last five years. Further, the global residential construction output grew at 3.5% in 2018. The 2009 economic recession had resulted in decreasing employment, declining property values, thereby resulting in contraction of the commercial real estate industry, especially in mature markets such as US, Europe, and Japan. However, with economic recovery, the investments in real estates has started recovering. The volume of global construction output is expected to grow by 85% by 2030. India, China, and US are expected to lead the construction output market with 57% of the global construction output. The growth of the global construction market is primarily supported by the economic recovery of developed countries and growing industrialization in developing countries.

Product Innovations and Changing Regulations

Constant innovations in door closers appliances have increased technical features and product efficiency. Major players are adopting state-of-the-art features in their products to keep pace with changing regulations and consumer demands. Major key players are manufacturing door closers that meet the recently updated BS8300 standards for low opening forces, CE markings, and complaint with fire regulations. Similarly, CRL, a leading manufacturer of storefronts, entrance and door controls, has introduced a new hydraulic patch fitting systems for interior glass entrances. The system includes an innovative, hydraulic self-closing mechanism integrated into the patch fitting. This hydraulic patching system can enhance the aesthetics by reducing the amount of visible hardware. This fitting feature also offers adjustable latching and closing speeds, as well as hold-open features. Further, door closers in the US require to comply with the Americans with Disability Act (ADA) and the Equalities Act-disability legislation, which ensure easy access for individuals for disability to the places such as, public accommodation, commercial facilities, and state and local government facilities

The market is witnessing high demand for concealed or integrated door closers. Integrated or concealed door closers refer to the type of door closers, which are hidden within the jamb. They are fitted into the recesses of the door and the frame. They are not visible once the door is closed.

Therefore, rapidly developments in infrastructure, coupled with strong economic growth, rise in corporate profits shares, improvement in lifestyle and growth in the construction output, especially in China and India,will support the growth of the door closers market during the forecast period.

Advancements of AI, IoT, and Machine Learning Technology

Advancements of AI, IoT, Machine Learning technology will reshape the future of consumers appliances. Language translating devices seem no exception. Vendorshave incorporated deep learning and machine translation functionalities and technologies to process and convert the source language to desired target languages.

Fluential Inc. has developed a concept-based approach for speech translation. This system can be applied to cover the technology gaps that are limiting present language translating devices to accept and process complex and lengthy sentences in a two-way communication scenario.

Similarly, Fujitsu has been introduced one of the advanced language translating devices in the field of healthcare. The device is wearable like an ID card and houses multiple microphones to capture the voice of the patient and the hospital staff.

 

Increased Collaborations, Improved Functionalities

Increased strategic among vendors and tech companies are likely to increase translation capabilities and functionalities of language translating devices.Bragi partnered with iTranslate to incorporate language translation capabilities into its wearable devices, the Dash Pro. Similarly, Lingmo powers its language translation algorithms through the use of AI suits.

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