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Micro Fulfillment Market Projected to Cross $20.5 Bn with a CAGR of 44.1% by 2028 | Vantage Market Research

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WASHINGTON, Feb. 28, 2023 (GLOBE NEWSWIRE) — The Global Micro Fulfillment Market is valued at USD 2.3 Billion in 2021 and is projected to reach a value of USD 20.5 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 44.1% over the forecast period 2022-2028.   

Market Overview

The number of residential complexes has expanded throughout several regions due to the development of urbanization. This has a favorable impact on the Micro Fulfillment market’s expansion. Additionally, factors like rising internet usage and government initiatives to boost e-commerce play a significant part in propelling the development of these industries.

We forecast that the material handling category in the Micro Fulfillment market sales will account for more than 55% of total sales by 2028 as logistical endeavors and the Micro Fulfillment sector search for fresh and inventive approaches to improve design, speed, and accuracy for material handling.

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Market Dynamics

An Increase in the Utilisation of Micro Fulfillment Centres in E-Groceries is Driving Market Expansion
Micro Fulfillment services being used by e-grocery companies are driving more and more market expansion. The number of MFC centers is proliferating in e-commerce and e-grocery strategies. Online e-grocery platforms offer their customers the service of products and groceries with the assistance of small and medium-sized MFC centers, which deliver the products to their doorstep. The Micro Fulfillment market is anticipated to grow due to these causes. The market’s main drivers are major global e-commerce firms, including Amazon, Kroger, Walmart, Alibaba, and Ocado.

Micro Fulfillment Centres’ Technological Advancements Are Opening Up New Market Opportunities
Automation and robotics use, two technological developments in Micro Fulfillment centers, are opening up many prospects for new companies and the MFC market. An automated mobile robot is a robot programmed with algorithms that can navigate its environment without human supervision and add value to the path. The Micro Fulfillment market and logistical endeavors are constantly searching for fresh, inventive approaches to improve their design, accelerate, and boost speed and precision. Many micro-fulfillment businesses seek assistance from AMRs. AMRs use a variety of sensors, software, algorithms, artificial intelligence (AI), and machine learning for path planning as they move around the workplace.

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Top Players in the Global Micro Fulfillment Market

  • Alert Innovation Inc. (US)
  • Ahold Delhaize (Netherlands)
  • Bastian Solutions LLC (Indiana)
  • Davinci Micro Fulfillment (US)
  • Dematic (US)
  • Flowspace (LA)
  • Fortna Inc. (US)
  • Honeywell International Inc. (US)
  • HÖRMANN (Germany)
  • Instacart (US)
  • KPI Integrated Solutions (US)
  • LOCAD OPEX (UK)
  • PACK and SEND Holdings Pty. Ltd. (Australia)
  • PACLINE OVERHEAD CONVEYORS (Canada)
  • Swisslog (Switzerland)
  • The Kroger Company (US)

For Additional Information on Micro Fulfillment Market Players and Detail List, Download a Report PDF Brochure

Recent Developments in the Global Micro Fulfillment Market

  • March 2021: Honeywell International, Inc. announced their latest shipping innovation in the form of the industry’s first robotic technology by launching a smart depalletizing robot for Micro Fulfillment.  This product is anticipated to increase warehouse and distribution center automation.
  • July 2022: Alert Innovation, Inc., a market leader in e-grocery fulfillment automation, announced signing a definitive work agreement to be completely acquired by Walmart.  This is expected to boost the Micro Fulfillment market impact positively.  Alert Innovation has been working together with Walmart since 2016 on Walmart’s market fulfillment centers (MFCs) and began with the pilot of the Alphabot System in Walmart’s first MFC in New Hampshire in 2019.

Top Trends in Global Micro Fulfillment Market

  • One trend that Vantage Market Research (VMR) expects to see in the Micro Fulfillment industry is the availability of various goods. Major players in the Micro Fulfillment industry provide a wide range of goods and services to satisfy customer expectations. To remain competitive in the market, they continuously innovate their product line.
  • Another trend that VMR predicts will continue in the Micro Fulfillment industry is expanding its partnerships with tech firms. Major businesses in the e-commerce sector are collaborating with tech firms to upgrade their tiny fulfillment centers with cutting-edge hardware like robots and software.

Top Report Findings

  • Based on End User Industry, most of the Micro Fulfillment market’s revenue is controlled by the Retailers category because people use e-commerce websites more regularly. Furthermore, several major companies, including Amazon, Walmart, and Alibaba, are investing significantly in micro warehouses.
  • Based on Components, most of the Micro Fulfillment market’s revenue is controlled by the material handling category as efforts in logistics and the micro-fulfillment industry look for novel and creative ways to enhance the design, speed, and accuracy of material handling.
  • Based on Applications, most of the Micro Fulfillment market’s revenue is controlled by the merchandise category. E-commerce merchandising aims to draw attention to the products customers want to see and buy without interfering with or disrupting their browsing experience.

Browse Market Data Tables and Figures spread through 150 Pages and in-depth TOC on Micro Fulfillment Market Forecast Report (2022-2028).

Retailer Category in Micro Fulfillment Market to Generate Over 60% Revenue
Vantage Market Research has analyzed the market for Micro Fulfillment to understand its current state and potential future growth factors. For better understanding, based on the vertical, the Micro Fulfillment market is divided into Retailers, Manufacturers, and Distributors.

During the forecast period, the market for Micro Fulfillment is anticipated to experience the highest CAGR for the retailer category due to individuals using e-commerce websites more frequently. Some of the biggest businesses, including Amazon, Walmart, and Alibaba, heavily invest in tiny warehouses.

On the other hand, the manufacturers and distributors category is anticipated to grow significantly throughout the forecast period as they require storage for both their merchandise and resources. Manufacturers use large-scale warehouses since they have much inventory but need more storage space.

North America Region in Micro Fulfillment Market to Generate More 43% Revenue
North America dominates the market and will continue to expand throughout the projection period due to the e-commerce industry’s recent advancements in Micro Fulfillment technologies. Furthermore, this region’s automation in industries like groceries, food & beverage, retail, etc., has prompted several e-commerce centers to concentrate on this Micro Fulfillment strategy.

Read Full Report @ https://www.vantagemarketresearch.com/industry-report/micro-fulfillment-market-2019

Global Micro Fulfillment Market Segmentation

By End User Industry

  • Retailers
  • Manufacturers
  • Distributors

By Components

  • Control Systems
  • Material Handling

By Applications

  • Grocery
  • Merchandise

By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Scope of the Report:

Report Attributes Details
Market Size in 2021 USD 2.3 Billion
Revenue Forecast by 2028 USD 20.5 Billion
CAGR 44.1% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players Alert Innovation Inc, Ahold Delhaize, Bastian Solutions LLC, Dematic, Flowspace, Fortna Inc., Honeywell International Inc., HÖRMANN, Instacart, KPI Integrated Solutions, LOCAD, OPEX, PACK and SEND Holdings Pty. Ltd., Pacline Overhead Conveyors, Swisslog, The Kroger Company,
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Key Questions Answered in the Micro Fulfillment Market Report:

  • What is the current size and future potential of the micro fulfillment market?
  • What are the drivers and restraints of the micro fulfillment market?
  • What are the various types of micro fulfillment models available in the market?
  • What are the different components of micro fulfillment systems?
  • What are the benefits and challenges of micro fulfillment systems for retailers and consumers?
  • What are the key trends and opportunities in the micro fulfillment market?
  • What are the major players operating in the micro fulfillment market?
  • What are the key strategies adopted by these players to maintain their market position?
  • What are the new product launches and developments in the micro fulfillment market?
  • What are the regional trends and growth prospects of the micro fulfillment market?

Browse More Reports from Vantage Library:

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.

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Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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