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Drone Package Delivery Market to Hit USD 31,188.7 Million by 2028 | Infrastructural Development & Commercialization of UAV Services Ecosystem to Fuel Market Growth; Says Fortune Business Insights™

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Pune, India, Nov. 15, 2021 (GLOBE NEWSWIRE) — The global drone package delivery market size is anticipated to reach USD 31,188.7 million by 2028 and exhibit a CAGR of 53.94% during the forecast period 2021-2028. The market size stood at USD 988.9 million in 2020. The growing demand for safer and faster package delivery based on artificial intelligence (AI) and the surging investments in the UAV industry is projected to bolster the market growth.

The increasing global warming due to surging levels of carbon emissions has resulted in ideal growth opportunities for drone package delivery. It has created immense demand, especially for the last-mile delivery of some products. Hence, the increasing development of drone delivery infrastructure is likely to foster growth for the market in the coming years.

Segmentation:

On the basis of type, the market is trifurcated into hybrid, rotary-wing, and fixed-wing. On the basis of package size, the market is segmented into above 5 Kg, 2-5 Kg, and less than 2 Kg. On the basis of end-use, the market is fragmented into retail logistics & transportation, healthcare, e-commerce, restaurant & food supply, and others. Geographically, the Drone Package Delivery market is classified into four major regions: Asia Pacific, Europe, North America, and the Rest of the World.

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Key Players Profiled in this Drone Package Delivery Market are:

  • Amazon Inc. (Seattle, Washington, U.S.)
  • FedEx (Memphis, Tennessee, U.S.)
  • UPS Flight Forward Inc. (Atlanta, Georgia, U.S.)
  • Deutsche Post DHL Group (Bonn, Germany)
  • Matternet Inc. (Mountain View, California, U.S.)
  • Zipline Inc. (South San Francisco, California, U.S.)
  • Flirtey Holdings Inc. (Reno, Nevada, U.S.)
  • Drone Delivery Canada Corp. (Vaughan, Ontario, Canada)
  • Flytrex Aviation Ltd. (Tel Aviv, Israel)
  • Workhorse Group Inc. (Loveland, Ohio, U.S.)
  • Wing Aviation LLC (Mountain View, California, U.S.)
  • Skycart Inc. (San Jose, California, U.S.)
  • Altitude Angel Limited (Reading, U.K.)
  • Manna Drones Inc. (Dublin, Ireland)
  • Wingcopter GmbH (Darmstadt, Hessen, Germany)
  • Volansi Inc. (Concord, California, U.S.)
  • Swoop Aero Pty. Ltd. (Docklands, Victoria, Australia)

Drivers & Restraints-

Infrastructural Development to Augment Market Growth

The sudden emergence of the coronavirus pandemic and the increasing global warming have created lucrative opportunities for the market. The commercialization of UAV services during the pandemic has created immense demand for the platform. It has created immense demand for drone package delivery, especially for the last-mile delivery of some products. Hence, the increasing development of drone delivery infrastructure due to these factors is likely to augment the global drone package delivery market growth in the coming years.

The key players in the Drone Package Delivery market are developing cost-effective technologies and components to carry heavy payloads for long distances. The growing demand for safer and faster package delivery based on artificial intelligence (AI) has resulted in increased private investments in recent years due to the growing popularity of drones. The increasing investments in the industry to develop cost-effective technologies and components are likely to boost the drone package delivery market growth. However, the high costs of the drone-based infrastructure are expected to restrain the growth of the market.

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Browse Summary of This Research Report:

https://www.fortunebusinessinsights.com/drone-package-delivery-market-104332

Regional Insights-

Growing Online Shopping Trend to Fuel Market Growth in North America

North America is projected to emerge dominant in the global drone package delivery market share due to the growing online shopping trend on e-commerce platforms. The increasing investments by key players, including UPS, FedEx, Volansi, Zipline, and others, are likely to complement the market’s growth. Additionally, the favorable FAA regulations in the U.S. are also expected to favor the growth of the market.

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Europe is expected to witness steady growth due to the growing number of collaborations and partnerships in the market. For instance, Skyports entered into a strategic partnership with Deloitte and Vodafone in July 2020 to commence medical delivery services for medicine, samples, and supplies in the hospitals.

Asia Pacific is anticipated to gain substantial growth in the coming years. The growing demand for online food shopping by the huge populace and the rising online grocery shopping trend observed in India, Indonesia, and China are projected to boost the market growth.

The Rest of the World is likely to grow in the global drone package delivery market due to the increasing number of drone startups in the region.

Competitive Landscape-

Key Players Adopt Partnerships & Collaborations to Accumulate Growth in the Market
The market mainly comprises technology-based companies with robust product offerings and excellent distribution networks across developing and developed economies. The Deutsche Post DHL, UPS, and Zipline International hold dominance in the market. The key players emphasize developing safe, accurate, and low-cost services in the market. The businesses operating in the market are devising innovative growth strategies such as new product launches, technological developments, mergers, partnerships, acquisitions, and collaborations to gain growth impetus.

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For instance, Drone Delivery Canada Corp. signed a commercial agreement with DSV Air & Sea Inc. Canada in June 2021 to renew and extend the existing contract for drone delivery services.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments –Mergers, Acquisitions, and Partnerships
    • Latest technological Advancements
    • Porters Five Forces Analysis
    • Supply Chain Analysis

TOC Continued…!

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

KMS Lighthouse and lastminute.com Triumph with a Double Win at the Global Sourcing Association (GSA) 2024 Awards

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TEL AVIV, Israel, June 17, 2024 /PRNewswire/ — KMS Lighthouse, a global leader in knowledge management, is proud to announce its remarkable achievement of winning two prestigious awards with lastminute.com at the Global Sourcing Association (GSA) 2024 Awards. The brands were honored in the following categories:

Retail Programme of the Year: lastminute.com and KMS Lighthouse LimitedTechnology Enabled Programme of the Year (Automation/AI): lastminute.com and KMS Lighthouse LimitedKMS Lighthouse was also a finalist in the Service Provider of the Year category.
The awards were presented on June 11, 2024, at a glittering ceremony held at Richmond Hill Hotel, as part of the GSA Festival of Sourcing. Celebrating its 21st year, the GSA Awards recognize organizations that demonstrate exceptional best practices in strategic sourcing.
Sagi Eliyahu, CEO of KMS Lighthouse Limited commented “We are absolutely delighted to have won these two esteemed awards. This recognition underscores the tireless dedication and innovation of our teams in delivering exceptional knowledge management solutions to our clients. I would like to extend my heartfelt gratitude to our partners at lastminute.com. The synergy and true partnership we have formed exemplify the collaborative spirit needed to drive outstanding results.”
“We are thrilled to celebrate these award wins with KMS Lighthouse,” said Walter Di Lello, Knowledge Manager & Procedure Team Leader at lastminute.com. “This achievement is a testament to the hard work and dedication of both our teams. The collaborative partnership approach we have fostered with KMS Lighthouse has been pivotal in delivering innovative and impactful solutions. Thank you to everyone involved for their relentless commitment and excellence.”
This double accolade highlights KMS Lighthouse’s unwavering commitment to excellence, innovation, and effective collaboration. The successful partnership with lastminute.com has not only enhanced the retail sector’s capabilities but also set new standards in automation and AI-driven solutions.
About KMS Lighthouse:
KMS Lighthouse is a global leader in knowledge management solutions, providing innovative platforms that enhance organizational knowledge sharing and decision-making. Through advanced AI and automation technologies, KMS Lighthouse enables businesses to improve customer service, streamline operations, and achieve higher efficiency.
About lastminute.com
lastminute.com is the European Travel-Tech leader in Dynamic Holiday Packages. Our mission is to simplify, personalise, and enhance our customers’ travel experience by leveraging technology. Thanks to the iconic brand lastminute.com and a rich portfolio of vertical brands, we meet the most diverse needs of travellers across the entire holiday experience. As one of the few fully licensed European tour operators, we offer unlimited real-time travel combinations thanks to our proprietary Dynamic Holiday Packaging engine, providing additional customer protection and exclusive deals. lastminute.com N.V. is a publicly traded company listed under the ticker symbol, LMN on the SIX Swiss Exchange.
Media Contact:KMS Lighthouse [email protected] [email protected]://www.linkedin.com/company/kms-lighthouse/https://kmslh.com/

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CluePoints Continues ‘Turning Artificial Intelligence into Human Intelligence’ by Launching Two New Innovations

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Site Profile & Oversight Tool (SPOT) and Intelligent Medical Coding (IMC) unveiled by RBQM innovator at DIA Global Annual Meeting 2024
KING OF PRUSSIA, Pa., June 17, 2024 /PRNewswire/ — CluePoints, provider of leading statistical and AI-driven software solutions, will unveil two of its latest advanced, deep learning technology innovations at the DIA Global Annual Meeting 2024. Both solutions deliver groundbreaking enterprise platform transformations providing Sponsors and CROs with a smarter way to conduct clinical research and detect and manage risks that could impact clinical trial outcomes.

Taking RBQM to a new level, CluePoints’ Site Profile & Oversight Tool (SPOT) delivers adaptive site monitoring, enabling teams to swiftly pinpoint anomalies and translate insights into strategies and actions. Sponsors and CROs can improve their ability to evaluate the performance of clinical trial sites and adjust site visit plans more effectively and efficiently while accurately balancing risk and resource workload.
Further streamlining processes, CluePoints’ Intelligent Medical Coding solution harnesses advanced deep learning technology to enhance the accuracy and efficiency of coding in clinical trials. It seamlessly integrates with existing systems to offer precise, AI-generated coding suggestions, drastically reducing the need for manual dictionary searches and costly coding reviews, freeing up valuable resources and ensuring uniformity across all coded data.
Andy Cooper, CEO of CluePoints, said: “DIA offers the perfect opportunity to share with the industry our latest disruptive and innovative solutions that address key challenges within traditional clinical research methods. Unveiling two new products that leverage next generation AI will transform how CluePoints is viewed in the industry, as we enhance our enterprise-wide solutions to reach new levels of accuracy and efficiency to both improve clinical trial performance and deliver greater insights to further mitigate risk. Our early adopters are already raving about how valuable they are finding both product offerings and we are excited to showcase how they will shape future processes and embody our brand promise to ‘turn artificial intelligence into human intelligence.”
With over 9,500 users engaged with CluePoints’ enterprise platform, to date over 1,600 studies have been de-risked and over 142,000 issues detected.
Visitors to the CluePoints’ DIA Global exhibition booth #1301 will have the opportunity to meet with subject matter experts and see demonstrations of both new platform solutions.
CluePoints also invites DIA attendees to join them at 3pm on Tuesday, June 18th, for a special toast at their booth to celebrate the latest innovations.  
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com.
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of artificial intelligence using advanced statistics and machine learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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ComplyCube Launches Trust Center with the Most Complete Compliance Posture in the Market

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LONDON, June 17, 2024 /PRNewswire/ — ComplyCube, a RegTech100 global leader in identity verification and compliance solutions, proudly announces the launch of its comprehensive Trust Center. This new initiative emphasizes ComplyCube’s unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, the AI-powered SaaS leads the way in ensuring clients stay ahead of international regulations and standards.

The Trust Center provides real-time updates on security measures, compliance statuses, and operational transparency, empowering clients to meet regulatory requirements confidently and allowing them to view ComplyCube’s compliance posture on demand. This platform is engineered to enhance transparency, build trust, and streamline compliance processes for organizations worldwide.
ComplyCube unveils its unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, ComplyCube leads the way in ensuring clients stay ahead of international regulations and standards.
Key Features of the Trust Center:
Real-Time Compliance Dashboard: Live updates on compliance metrics and security statuses.Comprehensive Resource Hub: Access to essential documents, certifications, and regulatory guidelines.Incident Reporting and Tracking: Full transparency in reporting and monitoring security incidents.Tarek Nechma, CEO of ComplyCube, remarked, “The launch of the Trust Center marks a pivotal milestone in our mission to build trust at scale and deliver state-of-the-art compliance solutions. This platform will empower our clients to navigate the complexities of regulatory landscapes with confidence.”
Non-compliance costs are 2.71 times higher than the costs of maintaining or meeting compliance requirements. Another study indicates that companies with strong compliance programs can reduce incident costs by up to 30%. On top of this, 84% of businesses encounter compliance challenges that can lead to significant financial and reputational damage. ComplyCube’s Trust Center aims to further mitigate these risks by providing tools that help businesses maintain and improve their compliance posture.
Mohamed Alsalehi, CTO of ComplyCube, stated, “We design our systems to be compliant by design with the stringent laws and regulations. This proactive approach ensures our clients can meet and exceed compliance requirements effortlessly.”
Joshua Dent, Business & Partnerships Manager, added, “The Trust Center showcases ComplyCube’s adherence to a multitude of globally recognized standards and data protection regulations. Clients and partners can find answers to many of their data protection questions, view active controls, and request documents to fulfill due diligence. It’s fantastic to see this go live following our latest certifications, such as UK DIATF, ISO 9001, PAD Level 2, and ISO 27001:2022 upgrade.”
ComplyCube continues to set industry standards with its innovative solutions, and the Trust Center’s launch underscores its mission to support businesses in achieving compliance excellence.
For more information about the Trust Center, visit ComplyCube Trust Center.
About ComplyCubeComplyCube is a leading provider of identity verification and compliance solutions, helping organizations across various sectors secure their operations and meet regulatory requirements. With a focus on innovation and customer satisfaction, ComplyCube delivers reliable and efficient services that empower businesses to thrive in a complex regulatory environment.
About VantaVanta is a leading trust management platform that automates compliance and streamlines security reviews for SaaS businesses. It helps companies manage risk and prove security in real-time, ensuring adherence to global standards and data protection regulations. With Vanta’s Trust Center, businesses can efficiently manage compliance processes and demonstrate their commitment to security and trust.
 
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