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Global Eyewear Market to Remain Prolific—Projected to Reach worth USD 177.1 Billion in 2027 | BlueWeave

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Delhi, Jan. 27, 2022 (GLOBE NEWSWIRE) — A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global eyewear market was worth USD 126.0 billion in 2020 and is expected to register exponential growth over the forecast period at a CAGR of 4.9% to reach USD 177.1 billion in 2027. The global eyewear market has grown as a result of increasing eye problems and growing awareness regarding eye health. Eyeglasses are an important accessory that can help correct numerous vision problems, including myopia and hyperopia. The global eyewear industry is also expected to grow because of factors such as acute myopia at a younger age and the popularity of eyewear as a fashionable accessory. Another factor driving the market is the increasing use of computers and smartphones, which has resulted in an increase in cases of computer vision syndrome (CVS), which is caused by focusing the eyes on a display device for long periods. This is further boosting the market growth of the global eyewear market.

High Cost Associated with Eye Treatments Driving the Market Growth

The high cost of myopia & presbyopia treatment is one of the key factors expected to drive the market growth of the global eyewear market in upcoming years. The cost of eye surgery, medications, or contact lenses varies depending on the patient’s condition. The annual direct average cost of myopia correction for Asian adults is projected to be USD 328 billion per year. The cost of care is also expected to rise substantially, compounded by an even bigger increase in the incidence of extreme myopia, which has propelled the global eyewear market’s growth. In terms of surgery, the average cost of LASIK surgeries performed in the United States in 2019 was USD 2,246 per eye, which includes consultations, aftercare, and access to outstanding facilities. Additionally, patients aged 40 or older are unsuitable for LASIK surgery because they have presbyopia, a condition in which the lens of the eye stiffens and impairs close-up vision. These are the factors boosting the demand for eyewear across the globe, thereby propelling the global eyewear market.

The cost of contact lenses varies from between USD 150 and USD 1,500 a year, depending on the brand, type, and patient’s insurance coverage plan. Rigid gas permeable contacts with lenses are often more expensive than disposable contacts because they are approved to be reused every day for up to one year. RGP contacts typically cost around USD 100 per lens, for a total of USD 200 for a pair. Discount retailers may offer these lenses for as little as USD 30 per lens, and often offer incentives and lower prices for bulk purchases. Nevertheless, insurance could help offset those costs. Costs can also vary depending on the brand and the specialty of the lens. For instance, contacts intended for treating astigmatism or corneal refractive therapy cost more than those for myopia corrections. Thus, considering the above factors, it can be inferred that the high cost of eye treatment is driving the growth of the global eyewear market.

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Adverse Effects of Excessive Use of Mobile and Computer On Eyes

Adverse effects of excessive use of mobile and computer on eyes have driven the market growth of the global eyewear market. Mobile phones, tablets, television, laptops, and computers have become an essential part of our lives. People spend the major part of the day staring at a digital screen. Long-term exposure to the blue light emitted by these electronic devices is harmful to human eyes. Blue light is a type of visible light that the human eye can easily perceive. It has a wavelength in the range of 380-500 nanometers, the shortest wavelength, and it also means that it has the highest energy of all the colors falling in the visible light spectrum, as the wavelength is inversely proportional to the energy. The most common source of blue light is sunlight, although there are several artificial sources as well, such as fluorescent light, LEDs, compact fluorescent light (CFL) bulbs, and others. Long and continuous exposure to blue light can cause dry eye and eye strain as people also tend to blink less when using digital devices. Owing to which the eyes can lose their ability to see, which further drives the market growth of the global eyewear market.

Plastics accounted for the fastest-growing segment in the Material category of the Global Eyewear Market

Based on material, the market is segmented into glass, plastics, and metals. The plastic segment accounted for the second-largest share in the global eyewear market in 2020 and is expected to grow at the fastest CAGR during the forecast period. Plastic segmented is the most used material in today’s optic industry as plastic is used for manufacturing frames as well as lenses. Plastic’s properties, which include durability, flexibility, and scratch resistance, are some of the primary drivers propelling the material’s growth. Most of the end-users are using plastic-made eyewear due to which it is the highest revenue-generating material in the global eyewear market.

COVID-19 Impact Analysis

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Soon after the coronavirus outbreak, except for the life support products or medical supplies, most sectors have been severely disrupted, and the eyewear industry has been particularly hard hit. Additionally, since the eyewear market is not a part of the essential services segment, the supply chain was severely impacted, thereby hampered the overall growth of the global eyewear market. In recent years, the world’s eyewear brands have struggled to retain their share position (battling against LASIK surgeries and other types of surgeries and compete with other innovative products and companies). This war has continued for nearly a decade and the financial stability of the market has declined steadily as has their profitability, ability to raise resources, keep plants open and inspire workers.

For more info please visit press release of global eyewear market: https://www.blueweaveconsulting.com/press-release/global-eyewear-market-to-remain-prolific-projected-to-reach-worth-usd-177-1-billion-in-2027

Global Eyewear Market: Regional Insights

Geographically, the global eyewear market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among these regions, North America eyewear holds the largest share in the global eyewear market. According to the U.S. Bureau of Economic Analysis, consumer expenditure in the U.S. has been witnessing a rise. After several COVID-19-related restrictions were relaxed, the personal income of US individuals grew to USD 4.21 trillion in March 2021. As a result of this increased spending, the U.S and other North American citizens have increased their spending on consumer products, such as eyewear products, which has fueled the market growth of the global eyewear market in the region.  Additionally, significant technological breakthroughs in the field of eye care technology have made people more aware of their vision. This is encouraging the citizens to incorporate eyewear in their daily lives, thereby fueling the growth of the global eyewear market.

Competitive Landscape

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Key players in the global eyewear market are EssilorLuxottica SA, Johnson & Johnson Vision, CooperVision, Charmant Group, Chemiglass Corporation, De Rigo SpA, Fielmann Group, Hoya Corporation, Marchon Eyewear, Inc., Rodenstock GmbH, Shamir Optical Industry Ltd., Silhouette International Schmied AG, Marchon Eyewear, Inc., Rodenstock GmbH, Shamir Optical Industry Ltd., Silhouette International Schmied AG, and other prominent players. The market players are continually launching ground-breaking eyewear products with enhanced lens clarity and other advancements to match changing customer tastes.

In April 2021, Johnson & Johnson (J&J) Vision announced a global collaboration with Menicon to bring forward therapeutic contact lenses to address the growing prevalence and progression of Myopia in children. Menicon is a global manufacturer of innovative contact lenses, and as part of the collaboration, it will develop and manufacture the contact lenses to help manage the progression of myopia in children, while J&J will focus on increasing the availability of these lenses around the world.

Don’t miss the business opportunity of the global eyewear market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global eyewear market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the ­­­eyewear market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market. 

Scope of the Report:

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Attribute Details
Years Considered Historical data – 2015-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, Saudi Arabia,
Product/Service Segmentation By Product Type, By Material, By End-user, By Distribution channel, By Region
Key Players Key Players for the market are EssilorLuxottica SA, Johnson & Johnson Vision, CooperVision, Charmant Group, Chemiglass Corporation, De Rigo SpA, Fielmann Group, Hoya Corporation, Marchon Eyewear, Inc., Rodenstock GmbH, Shamir Optical Industry Ltd., Silhouette International Schmied AG, Marchon Eyewear, Inc., Rodenstock GmbH, Shamir Optical Industry Ltd., Silhouette International Schmied AG, and other prominent players

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AMI Partners with Samsung to Bring Firmware Security to PCs

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ATLANTA, Oct. 8, 2024 /PRNewswire/ — AMI®, the global leader in Dynamic Firmware for worldwide computing, has partnered with Samsung Electronics, the global leader in consumer technology, to create an enhanced joint security solution available in Samsung’s Galaxy Book PCs. Alongside Samsung’s multi-layer security platform Samsung Knox, AMI’s Tektagon™ – the industry-leading Platform Root of Trust firmware security solution – is now integrated into Samsung PCs including the Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360, and Galaxy Book4 Ultra. 

Through this collaborative partnership, AMI’s Tektagon seamlessly integrates with Samsung Knox to ensure that confidential and sensitive data stays safe at every layer of the device through real-time threat detection and collaborative protection, while providing the highest level of security against firmware-injected malware to help prevent ransomware and denial of service attacks.
“As a leading supplier of endpoint technology to global government and commercial industries, Samsung is committed to securing its platforms at all levels,” said Dr. Hark-Sang Kim, EVP & Head of New Computing R&D Team, Mobile eXperience Business at Samsung Electronics. “Integrating AMI’s Tektagon solution into our latest Galaxy Books provides powerful and comprehensive protection at the platform’s foundation.”
The Samsung Knox platform leverages the motherboard’s existing embedded processor to provide a hardware-backed secure platform, which includes AMI’s Tektagon security technology. Thanks to AMI’s leading capabilities as a firmware provider, the need for additional components is reduced while hardware-rooted security is still seamlessly delivered.
“AMI is extremely proud of our work integrating our Tektagon Platform Root of Trust solution into Samsung Galaxy Book series notebooks,” said Stefano Righi, Senior Vice President of the AMI Global Software and Security Group. “Together Samsung and AMI are helping to reduce the cyber threat landscape, securing business endpoints around the world from malicious attacks.”
The Samsung Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360 and Galaxy Book4 Ultra with AMI Tektagon Platform Root of Trust are available today and can be ordered directly from Samsung.
Follow AMI on LinkedIn and Twitter/X to receive the latest news and announcements.
AMI® and Tektagon™ are registered trademarks/trademarks of AMI in the US and/or elsewhere. Galaxy Book and Knox are trademarks of Samsung Electronics Co. Ltd. in the United States and other countries. All other trademarks and registered trademarks are the property of their respective owners.
About AMI
AMI is Firmware Reimagined for modern computing. As a global leader in Dynamic Firmware for security, orchestration, and manageability solutions, AMI enables the world’s compute platforms from on-premises to the cloud to the edge. AMI’s industry-leading foundational technology and unwavering customer support have generated lasting partnerships and spurred innovation for some of the most prominent brands in the high-tech industry.
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Globally Renowned MarTech Platform, Netcore Cloud Announces Strategic Partnership with Tall Bob Collaboration to enhance Customer Engagement capabilities for customers in Australia and New Zealand

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SYDNEY, Oct. 8, 2024 /PRNewswire/ — Netcore Cloud, a leading customer experience and engagement platform, is pleased to announce a strategic partnership with Tall Bob, a premier SMS service provider headquartered in Australia with direct connections to the Mobile Network Operators. This collaboration introduces a newly developed SMS plugin specifically designed to empower Australian businesses with advanced SMS marketing capabilities integrated seamlessly into Netcore Cloud’s omnichannel marketing platform.

The partnership with Tall Bob aligns with Netcore Cloud’s strategy to strengthen its presence in the Australian and New Zealand MarTech ecosystem. By integrating local SMS services through Tall Bob, Netcore Cloud enhances its commitment to providing region-specific solutions that enable personalized, real-time communication. This partnership reflects Netcore’s dedication to driving customer engagement by offering tailored marketing solutions that meet the unique needs of Australian and New Zealand businesses.
The newly developed SMS plugin simplifies SMS integration into customer engagement strategies, enabling businesses to connect with their customers through personalized, scalable SMS campaigns. Key features of the plugin include:
Easy integration: A user-friendly setup process allows businesses to quickly incorporate SMS into their existing marketing strategies.Real-time analytics: The plugin provides robust tracking and analytics to measure the performance of SMS campaigns in real time, helping businesses optimize their marketing efforts.Compliance with local regulations: Ensuring adherence to Australian SMS marketing regulations, the plugin provides businesses a secure and compliant solution.Scalability: Designed to support campaigns of all sizes, from small businesses to large enterprises, enabling broad market reach.Accessibility: Tall Bob’s service layer provides customers with a deep understanding of best practice marketing campaigns, automation, segmentations and message design, resulting in better customer experiences and revenue growth for Netcore and Tall Bob’s clients.Ari Berman – Co-Founder and Commercial Director, Tall Bob said, “This partnership brings together Tall Bob’s local SMS expertise and Netcore Cloud’s global MarTech innovations, providing Australian businesses with a powerful, integrated solution to boost customer engagement and improve marketing performance. I am excited to witness how our collaboration not only simplifies SMS integration but also opens the door to a more holistic approach to communication, enabling brands in Australia and New Zealand to build stronger relationships with their customers.” 
Adding to this, Abithab Bhaskar, CEO – International Business, Netcore Cloud said, “Our shared vision is to enable Australian businesses to harness the full potential of real-time, personalized communication, elevating their marketing strategies to new heights. By combining forces, Netcore Cloud and Tall Bob are positioned to lead the way in delivering innovative, data-driven marketing solutions that empower businesses to connect with their customers like never before.”
About Netcore Cloud
Netcore Cloud, a global leader in marketing technology, empowers marketers with its comprehensive Customer Engagement and Experience Suite to create personalized, omnichannel experiences. Leveraging AI to integrate customer data, Netcore enables targeted segments and meaningful digital interactions. Trusted by over 6,500 brands across sectors like Ecommerce, Retail, Banking and Financial Services, Media and Entertainment, and Travel, its marquee clients include Walmart, Unilever, Tommy Hilfiger, Domino’s, McDonald’s, Pizza Hut, and Crocs.
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Dark Fiber Market Size to Grow USD 7594 Million by 2030 at a CAGR of 9.09% | Valuates Reports

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BANGALORE, India, Oct. 7, 2024 /PRNewswire/ — Dark Fiber Market is Segmented by Type (Single-Mode, Multi-Mode), by Application (Telecom, Oil & Gas, BFSI, Military & Defense, Medical, Railway, Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Dark Fiber Market was valued at USD 4475 million in 2023 and is anticipated to reach USD 7594 million by 2030, witnessing a CAGR of 9.09% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Insect Dark Fiber Market:
The dark fiber market is experiencing robust growth due to the increasing demand for high-speed internet, data transfer, and secure communication infrastructure across various industries. Dark fiber refers to unused fiber-optic cables that are available for lease or purchase, allowing enterprises and service providers to establish private networks with dedicated bandwidth. The surge in data consumption, driven by cloud computing, 5G deployment, data centers, and IoT, has intensified the need for scalable and high-capacity networks, which dark fiber can provide. Additionally, sectors like telecom, IT, and healthcare are adopting dark fiber solutions to ensure better connectivity, network control, and security.
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TRENDS INFLUENCING THE GROWTH OF THE DARK FIBER MARKET
Single-mode fiber plays a crucial role in driving the growth of the dark fiber market due to its ability to support long-distance communication with minimal signal degradation. This fiber type offers high bandwidth and superior performance, making it ideal for telecommunication companies and data centers that require efficient transmission over extensive networks. The rapid increase in data consumption, driven by emerging technologies like 5G, cloud computing, and IoT, has intensified the demand for single-mode fiber. Its cost-effectiveness for long-haul applications further enhances its adoption, as it allows for higher transmission speeds and capacities over longer distances, making it a preferred choice for large-scale network expansion projects.
Multi-mode fiber is a key driver in the dark fiber market due to its efficiency in short-distance data transmission. Multi-mode fibers are particularly effective for data centers and intra-building communication networks where the focus is on high-speed connections over shorter distances. The demand for electric dark fiber, especially in urban infrastructure and renewable energy projects, has surged as these sectors require reliable, high-capacity data transfer solutions. Multi-mode fiber’s cost-effective installation and maintenance, along with its ability to handle high bandwidth over shorter distances, contribute significantly to the market’s growth, providing a reliable infrastructure for electric utilities and smart grid projects.
Telecom is one of the most significant sectors driving the growth of the dark fiber market due to the increasing demand for high-speed internet, large-scale network deployments, and seamless communication infrastructure. The rapid expansion of 5G networks, the need for backhaul connections, and the proliferation of data-intensive applications have all contributed to the growing adoption of dark fiber in the telecom industry. Telecom providers are leveraging dark fiber to reduce latency, enhance scalability, and increase network efficiency, which are critical for delivering enhanced customer experiences and supporting emerging digital services. As telecom networks continue to expand globally, the demand for dark fiber infrastructure is expected to rise.
One of the primary factors driving the growth of the dark fiber market is the exponential surge in global data consumption. With the widespread use of smartphones, connected devices, and the internet, data traffic has increased significantly. Streaming services, online gaming, video conferencing, and cloud computing are all fueling this growth. Dark fiber infrastructure is essential to accommodate this massive data flow, offering the bandwidth and capacity required to support such intensive usage. As businesses and consumers continue to generate more data, service providers rely on dark fiber networks to ensure faster, more reliable connections and to meet the growing demands for data transmission.
The growing adoption of cloud services by enterprises is another critical factor contributing to the growth of the dark fiber market. As businesses migrate their operations and data storage to the cloud, there is an increased need for high-speed, low-latency networks that can handle large volumes of data transmission. Dark fiber provides the necessary infrastructure for private, scalable, and secure network connectivity to the cloud. Enterprises across various industries, including healthcare, finance, and retail, are leveraging dark fiber to ensure seamless access to cloud applications, thus driving market growth. The continued shift toward cloud computing will likely increase demand for dark fiber solutions.
The rapid expansion of data centers worldwide is significantly boosting the dark fiber market. Data centers serve as critical hubs for storing and managing vast amounts of information. To ensure smooth operation, data centers require high-capacity, reliable, and secure fiber-optic networks. Dark fiber networks provide data centers with dedicated, high-performance connectivity, allowing them to scale their operations efficiently. The growth of edge computing and the need for real-time data processing have further intensified the demand for dark fiber connections in data centers. As the number of data centers grows, particularly in emerging markets, the need for dark fiber infrastructure will continue to rise.
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DARK FIBER MARKET SHARE ANALYSISThe dark fiber market shows varying growth trends across different regions, driven by factors like technological advancements and infrastructure investments. North America leads the market due to the rapid expansion of 5G networks, cloud computing adoption, and increasing data center construction. Europe follows closely, with countries investing in high-speed connectivity for smart cities and telecommunications. The Asia-Pacific region is witnessing significant growth, particularly in China, Japan, and India, driven by increased demand for internet services, telecom expansion, and government initiatives supporting digital infrastructure. Meanwhile, Latin America and the Middle East are also emerging as potential markets, propelled by growing data consumption and the need for improved connectivity in underdeveloped areas.
Key Players:
GTT CommunicationsUFINETVikram GroupDEPLUnite Private NetworksSterlite PowerColt Technology ServicesConsolidated CommunicationsCrown CastleNexGen NetworksSorrento NetworksFirstLightMicroscanWindstream Intellectual Property ServicesPurchase Chapters: https://reports.valuates.com/market-reports/QYRE-Auto-8O16959/global-dark-fiber/1
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