Artificial Intelligence
Artificial Turf Market To Reach USD 4.20 Billion By 2027 | Reports and Data
New York, Oct. 21, 2020 (GLOBE NEWSWIRE) — The growing incidence in demand for landscape applications and sports are the major driving forces for the artificial turf market.
The Global Artificial Turf Market is projected to reach USD 4.20 billion by 2027. Owing to less water use and chemicals, low maintenance, no irrigation, and weather resistance, the market is being powered by an increased incidence in demand for artificial turf at sports facilities. The environmental friendly qualities of the artificial turf, along with the increasing disposable income, are expected to increase demand for artificial turf in different developing countries. The application of artificial Turf in the sense of leisure and landscaping is expected to provide key incentives for industry players to gain a foothold in the industry.
With globalization rising, construction sector growth is becoming a critical factor which favors the market. Artificial turf market has registered demand from homes, sports fields, stadiums, and commercial gardens in construction projects.
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Marketing strategies undertaken by industry players include the manufacturing of high-quality artificial turf, which is approved by ITF, FIFA, FIH, etc. The global artificial Turf market will be powered by companies embracing strategies such as better growth plans, alliances, new products, partnerships, diverse branding, investments, mergers & acquisitions, and R&D.
Further key findings from the report suggest
- Hybrid artificial turf technology will open new growth opportunities to artificial turf market players in the near future.
- The rise of the global market for artificial Turf is propelled by main factors such as longevity, cost-effectiveness, and low maintenance have led to the product’s growing penetration in residential applications. To maximize the growth of this sector, added environmental benefits like less usage of water and pesticides are assisting. Companies are designing advanced technologies for developing artificial turf.
- In recent years, most major market players have invested considerably in R&D initiatives, contributing to the invention of several innovative products. Major players are expanding their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. Over the forecast period, therefore, an intense rivalry among players is expected.
- In April 2017, Ten Cate Grass acquired Synthetic Grass Warehouse. This acquisition helps Ten Cate Grass to become a major player in the rapidly growing landscaping segment as an artificial turf supplier.
- In August 2019, AstroTurf acquired Nagle Athletic Surfaces Inc. The acquisition helped the company grow its market share as Nagle Athletic Surfaces, Inc. has an extensive product range.
- Key participants include Tarkett, Koninklijke Ten Cate NV, Shaw Sports, CoCreation Grass Corporation, Domo Sports Grass, Polytan, Act Global, SIS Pitches, Limonta Sport S.p.A., Edel Grass B.V., among others.
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Segments Covered in the Report:
For this report, Reports and Data have segmented the global Artificial Turf industry report based on Installation type, Base Material, application, Infill Material, Pile Height, and by region for this study:
Installation Type Outlook (Revenue, USD Billion; 2019-2027)
- Flooring
- Wall Cladding
Base Material Outlook (Revenue, USD Billion; 2017-2027)
- Polyethylene
- Nylon
- Polypropylene
Application Outlook (Revenue, USD Billion; 2017-2027)
- Sports
- Leisure
- Landscaping
- Residential
- Commercial
Infill Material Outlook (Revenue, USD Billion; 2017-2027)
- Petroleum-based
- Plant-based
- Sand-based
Pile Height Outlook (Revenue, USD Billion; 2017-2027)
- >10mm & <25mm
- <10mm
- >25mm
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/artificial-turf-market
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- Latin America
- Brazil
- Rest of LATAM
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Artificial Intelligence
Computime announces the launch of one of the first true Matter thermostats
HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions.
Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices.
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]
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Artificial Intelligence
GVG featured on the 2024 Africa RegTech Horizon-100 list
MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025.
This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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View original content:https://www.prnewswire.co.uk/news-releases/unlock-an-exclusive-olympic-experience-celebrating-live4wells-sold-out-genesis-nft-302155644.html
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