Artificial Intelligence
Indoor Flooring Market Size Worth $210.66 Billion by 2028 to Rise at a Stellar CAGR of 4.9% by 2028 | The Insight Partners
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New York, March 01, 2023 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Indoor Flooring Market Size, Share, Report, Demand, Growth Strategy, Industry Trends and Forecast to 2028 – by Type (Type (Ceramic Tiles, Carpet, Vinyl Linoleum and Rubber, Wood and Laminate, Others); End-user (Residential, Non-Residential), and Geography “; the global indoor flooring market size is expected to grow from USD 146.90 billion in 2020 to USD 210.66 billion by 2028; it is estimated to register at a CAGR of 4.9% from 2022 to 2028.
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Global Indoor Flooring Market Report Scope, Segmentations, Regional & Country Scope:
| Market Size Value in | USD 146.90 billion in 2021 |
| Market Size Value by | USD 210.66 billion by 2028 |
| Growth rate | CAGR of 4.9% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 142 |
| No. of Tables | 56 |
| No. of Charts & Figures | 73 |
| Historical data available | Yes |
| Segments covered | Type and End user |
Global Indoor Flooring Market: Competitive Landscape and Key Developments
Mohawk Industries, Inc., Armstrong Flooring, Inc. Tarkett, Forbo International SA and Ecore International are among a few key indoor flooring market players operating across the world. During this study, several other indoor flooring market players were analyzed to get a holistic view of the indoor flooring market size and its ecosystem.
In 2021, Ecore introduces its newest Ecore Athletic surface: HydroGrip Motivate. This engineered surface features a slip resistant safety floor surface layer that is fusion bonded to a 5mm vulcanized composition rubber (VCR) base layer (Motivate) using Ecore’s patented its TRU technology.
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The constant product development initiatives undertaken by the market players is catalysing the indoor flooring market growth. Some of the recent developments include:
In January 2018, Tarkett expanded its Luxury Vinyl Tiles (LVT) production capacity in Europe and North American countries by announcing their plans to invest USD 85.9 million over the next three years for addressing the growing demand for vinyl modular flooring. The investment is likely to support maintainable and efficient manufacturing. In the US, approx. USD 60 million, invested in two manufacturing facilities based in Florence, AL, US. the investment has made in Poland and Luxembourg.
In November 2017, Mohawk Industries agreed to acquire Godfrey Hirst Group (Australia), i.e., Australia’s largest carpet manufacturer, with the aim to expand its global presence. The manufacturing, marketing, and distribution leadership of Godfrey Hirst would complement Mohawk’s current hard surface distribution and strengthen its product portfolio. This acquisition was scheduled to completion in 2018.
In December 2016, Shaw Industries acquired Floors, Inc. (US) to expand its position in the hard surface and luxury vinyl tile markets. This acquisition further enables Shaw Industries to enhance its product offering by including composite core flooring as well as bamboo, cork, and hardwood products.
The government initiatives such as the Smart City projects is creating huge demand for leak detection system and smart water meters. India ranks 2nd in terms of population in Asia Pacific region as well as globally, and the Indian mass is experiencing constant growth in per capita income. This is helping the mass to invest in luxurious homes, which is enabling the builders to procure increased quantity of advanced building materials such as modern kitchen countertops. Factors, such as rising population and rapid growth of urbanization have propelled construction activities for corporate offices, retail spaces, educational facilities, government buildings, hotels, lodging spaces, medical and healthcare units, industrial spaces, and commercial utilities. This, in turn, is expected to positively influence the demand for wood & laminate and flooring, thereby contributing to the growth of the indoor flooring market.
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Global Indoor Flooring Market: Type Overview
Based on type, the indoor flooring market size is segmented into ceramic tiles, carpet, vinyl linoleum and rubber, wood and laminate, and others. In 2021, the ceramic tiles segment acquired a major share of the indoor flooring market. The ceramic tiles are widely used to enhance the floors of houses, hospital rooms, toilets, and others. It is extensively available in the market. It is also known as porcelain. The ceramic tiles are used for flooring and walls. It is available in a broad range of varieties based on textures, patterns, and sizes. In the global and the local markets, many players offer different types of related products.
Moreover, the use of advanced technologies in the manufacturing processes helps the players offer competitive product offerings. For instance, MOHAWK INDUSTRIES, INC., through its associated company Daltile offers StepWise. It is produced under the patented technology. It has a tile with more than 50% slip-resistant. It also exhibits waterproof, stain resistance, dent-proof, scratch-resistant, Fire-resistant, and indoor and outdoor flooring. Thus, the above factors are expected to support the growth of the segment in the global indoor flooring market.
Impact of COVID-19 Pandemic on Global Indoor Flooring Market Growth:
North America is one of the most important regions for adopting and developing new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region’s economic growth negatively. COVID-19 has negatively impacted businesses in the region in four critical areas, such as supply chain/operations, workforce, 2020 investments, and product offering. According to Worldometer till 24th March 2021 30,774,033 cases have been registered in the US alone. In the first nine months, overhead costs, including expenses for sales, Research & Development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. Despite the effects of the global outbreak, earnings were improved, primarily due to continuous optimization of the cost structure. Besides, owing to the rising number of cases in North America, many ongoing projects that were considered essential by the government authorities were not stopped, but new residential construction permits were suspended.
The adoption of good interiors is more across the region but due to COVID-19 the development of indoor flooring got hampered. Furthermore, the maintenance and renovation of indoor infrastructure also got hindered, owing to less presence of labor in this pandemic period. These factors negatively impacted the growth of the global indoor flooring market over the years.
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Go through further research published by The Insight Partners:
Modular Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Flexible LVT, Rigid LVT, Carpet Tile, Polyolefin (Non-vinyl), Rubber, Ceramic, Others); End User (Workplace, Healthcare, Education, Retail, Household, Others) and Geography
Industrial Concrete Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology (Traditional concrete Flooring, Jointless Concrete Flooring); Type (Concrete Overlay, Concrete Floor on Piles, Seamless Concrete Floor); Application (Manufacturing Facility, Warehouse Centers, Others) and Geography
Luxury Vinyl Flooring Market to 2028 – Global Analysis and Forecasts by Product Type (Luxury Vinyl Tiles, Vinyl Composite Tiles, Vinyl Sheets); End User (Residential, Non-residential) and Geography
Outdoor Flooring Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Flooring Type (Wood, Ceramic, Concrete, and Others), Type (Tile, Decking, and Others), and End-user (Residential, and Non-residential)
Sports Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Wood Flooring, Rubber Flooring, Polymeric Flooring, Artificial Turf Flooring); Application (Outdoor, Indoor); Sport Type (Track and Field (Running, Jumping, and Throwing), Football, Basketball, Volleyball, Badminton, Gym, Dance, and Aerobic Studio, Others); End-use (Residential, Commercial) and Geography
Automotive Flooring Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Material Type (Polyurethane, Polypropylene, Nylon, Rubber, and Others); Vehicle Type (Passenger Car, LCV, and HCV); Distribution Channel (OEMs and Aftermarket)
Luxury Vinyl Tiles (LVT) Flooring Market to 2028 – Global Analysis and Forecasts by Product Type (Rigid, Flexible); End User (Residential, Non-Residential) and Geography
Portable Evaporative Cooler Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Direct Evaporative Cooling and Indirect Evaporative Cooling) and Application (Residential, Commercial, and Industrial)
Piling Machines Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product (Impact Hammer, Piling Rigs, Vibratory Drivers, and Others); Method (Vibro Piling, Drilling, and Driven Piling)
Overhead Cranes Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Gantry Crane, Bridge Crane, Jib Crane, Monorail Crane, and Others), Installation (Mobile Crane and Fixed Crane), Operation Type (Electric, Hydraulic, and Hybrid), and Verticals (Logistics, Automotive, Marine, and Others)
Evaporative Cooler Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Direct Evaporative Cooling, Indirect Evaporative Cooling, and Two-Stage Evaporative Cooling) and Application (Residential, Commercial, Industrial, and Confinement Farming)
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
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“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
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“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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