Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Global Man-Made Sausage Casing Market Size is Projected to Grow linearly Around $5.41 billion by 2030 with 6.7% CAGR | Demand Analysis, Growth Factors, Key Players, and Revenue Forecast 2023-2030

Published

on

<!– Name:DistributionId Value:8785043 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2791 –> <!– Name:CustomerId Value:1092386 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:91f332eb-4b31-4dcc-bd96-2169b8a6c549 –>

Louisville, KY, March 09, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Man-Made Sausage Casing Market By Type (Animal, Collagen, Cellulose, Fibrous, And Polymer), End-Use (Food Processing Companies, Food Service Providers, Food Retailers, And Other End Users), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand for global Man-Made Sausage Casing Market size & share in terms of revenue was valued at USD 2.23 billion in 2022 and it is expected to surpass around USD 5.41 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 6.7% during the forecast period 2023 to 2030.”

What is Man-Made Sausage Casing? How big is the Man-Made Sausage Casing Industry?

Man-made sausage casings, also known as artificial casings, are manufactured casings that are used to encase sausages during the production process. These casings are made from a variety of materials including collagen, cellulose, and plastic.

Man-Made Sausage Casing Market Coverage & Overview:

The global man-made sausage casing market size was worth around USD 2.23 Billion in 2022 and is predicted to grow about USD 5.41 Billion by 2030, with a compound annual growth rate (CAGR) of approximately 6.7 percent over the forecast period from 2023 to 2030.

Sausage casing is a material that encloses the filling of the meat and gives the sausage its size, shape, and integrity. The casing plays an important role in the chemical, structural, and volumetric changes that tend to take place in sausages at the time of different stages of manufacturing. There are two types of casings namely man-made and natural. Man-made casings are widely preferred over natural casings due to the immense hygienic benefits it offers.

These casings are unsusceptible to microbial contamination, and hence provide uniformity ensuring limited or no risk of the products being spoiled during transportation and storage. Man-made casings can either be edible or non-edible as they can be derived from cellulose, synthetic fibers, collagen, animal, and polymer. These casings can additionally provide spices, smoke flavoring, and coloring agents among other components to the meat product.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Contents, Research Methodology, and Graphs – https://www.zionmarketresearch.com/sample/man-made-sausage-casing-market

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 190+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
  • Zion Market Research research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Man-Made Sausage Casing Market: Growth Factors

The global man-made sausage casing market is expected to surge exponentially due to a significant surge in demand for animal protein in various countries across the globe. An increase in the number of meat eaters around the globe due to a rise in inclination towards protein-rich diets and growth in awareness among people about the nutritional benefits of animal protein further drives the growth of the market during the forecast period.

Man-made sausage casing market has undergone transformational changes over the last couple of years due to the increased demand for meat sausages. Man-made sausage casing is increasingly reliant on easily accessible materials such as collagen, cellulose, and nylon. On the other hand, the extortionate cost of natural casings, apprehensions regarding the sourcing of animal intestines for the manufacturing of natural casings, and fewer availability of raw materials further drive the growth of the man-made sausage casings market.

Furthermore, an increase in the popularity and adoption of frozen meat products and the introduction of GMO-free and gluten-free casings are expected to create ample opportunities for the growth of the man-made sausage casing industry. However, the growing popularity of vegan diets among people and the prevalence of trade uncertainties are expected to hinder the growth of the market to an extent during the forecast period.

Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/man-made-sausage-casing-market

Report Scope

Report Attribute Details
Market Size in 2022 USD 2.23 billion
Projected Market Size in 2030 USD 5.41 billion
CAGR Growth Rate 6.7% CAGR
Base Year 2022
Forecast Years 2023-2030
Key Market Players Nitta Casings Inc., Kalle GmbH, Walton’s., DCW, BAODING DONGFANG CASING CO LTD., ALMOL CASING PTY LTD, Blancasings Industriale SRL, Nippi Inc., Viskase Company, Inc., Selo B.V., Fibran S.A., Devro Plc, Oversea Casing Company, Walsroder Casings GmbH, Iman Casings Ireland Ltd., and Viscofan Group.
Key Segment By Type, By Application, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Man-Made Sausage Casing Market: Segmentation Analysis

The global man-made sausage casing market is segmented based on type, application, and region.

Based on type, the market is bifurcated into animal, collagen, cellulose, fibrous, and polymer. The collagen casings segment held the largest market share in 2022 and is further predicted to grow exponentially at a notable CAGR during the forecast period. The major reason for the growth of this segment is the appreciably reduced cost of production in the case of collagen casings compared to gut casings or other alternatives. In addition, collagen casings have considerably fewer labor requirements and can initiate efficient production speeds. Furthermore, collagen casings provide a number of advantageous properties such as standard diameter, strength, edible, and uniformity are further predicted to bolster the growth of the segment during the forecast period.

Based on end-use, the market is segmented into food processing companies, food service providers, food retailers, and other end users. The food processing companies segment held the largest market share in 2022 and is further projected to grow at a rapid CAGR during the forecast period. The main reason for the growth of this segment is attributed to rise in the meat consumption among people and surge in demand for sausages enabled food processing companies to expand production and meet the demand, which subsequently resulted in the increased production of man-made sausage casings. In addition, the rise in automation in sausage production and the availability of innovative food options are further expected to drive the growth of the segment during the forecast period.

The global Man-Made Sausage Casing market is segmented as follows:

By Type

  • Animal Casing
  • Collagen Casing
  • Cellulose Casing
  • Fibrous Casing
  • Polymer Casing

By Application

  • Household
  • Industrial

Browse the full “This review is based on a report by Zion Market Research, titled “Man-Made Sausage Casing Market By Type (Animal, Collagen, Cellulose, Fibrous, and Polymer), End-Use (Food Processing Companies, Food Service Providers, Food Retailers, and Other End Users), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2023 – 2030”– Report at https://www.zionmarketresearch.com/report/man-made-sausage-casing-market

Competitive Landscape

Some of the main competitors dominating the global Man-Made Sausage Casing market include – 

  • Nitta Casings Inc.
  • Kalle GmbH
  • Walton’s.
  • DCW
  • BAODING DONGFANG CASING CO LTD.
  • ALMOL CASING PTY LTD
  • Blancasings Industriale SRL
  • Nippi Inc.
  • Viskase Company Inc.
  • Selo B.V.
  • Fibran S.A.
  • Devro Plc
  • Oversea Casing Company
  • Walsroder Casings GmbH
  • Iman Casings Ireland Ltd.
  • Viscofan Group.

 Key Insights from Primary Research:

  • According to the analysis shared by our research forecaster, the Man-Made Sausage Casing market is likely to expand at a CAGR of around 6.7% during the forecast period (2023-2030).                  
  • In terms of revenue, the Man-Made Sausage Casing market size was valued at around US$ 2.23 billion in 2022 and is projected to reach US$ 5.41 billion by 2030.
  • Based on type segmentation, the collagen casings segment held the largest market share in 2022.
  • Based on application segmentation, the food processing companies segment held the largest market share in 2022
  • On the basis of geography/region, the North American region held the largest market share in 2022.

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/man-made-sausage-casing-market

Key questions answered in this report:

  • What is the market size and growth rate forecast for Man-Made Sausage Casing industry?
  • What are the main driving factors propelling the Man-Made Sausage Casing Market forward?
  • What are the leading companies in the Man-Made Sausage Casing Industry?
  • What segments does the Man-Made Sausage Casing Market cover?
  • How can I receive a free copy of the Man-Made Sausage Casing Market sample report and company profiles?

Key Offerings:

  • Market Size & Forecast by Revenue | 2023−2030
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis By Type, By Application, and By Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Request for Customization on this Report as per your requirements – https://www.zionmarketresearch.com/custom/6989

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

Regional Analysis:

Based on region, the North American region held the largest market share in 2022 and is further anticipated to occupy a dominant market share and grow simultaneously at a notable CAGR during the forecast period. The reason for the exponential growth of the market in this region is the increase in the number of meat eaters and the immense presence of a large number of sausage manufacturers in this region. Besides, the increase in the popularity of frozen meat products, the rise in the standard of living and disposable income among people, and a massive number of fast-food restaurant chains in this region drive the growth of the market during the forecast period.

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Recent Developments

In November 2021, Impossible Foods, a California-based food company that creates plant-based substitutes for different types of meat products, announced the launch of its plant-based protein range with its new Impossible Sausage. It is specially made to taste, cook, and look like pork sausage as it contains 43% less saturated fat, 30% less calories, and 47% less total fat compared to traditional pork ground sausage.

In April 2020, Loryma, a Germany-based company, and Viscofan, a maker of meat casings in Spain, collaborated to create a recipe for fried sausages and vegan grills made with wheat components.

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/man-made-sausage-casing-market

FREQUENTLY ASKED QUESTIONS

  • What is Man-made sausage casing?

Man-made sausage casings, also known as artificial casings, are manufactured casings that are used to encase sausages during the production process. These casings are made from a variety of materials including collagen, cellulose, and plastic.

  • Which key factors will influence man-made sausage casing market growth over 2023-2030?

Increasing demand for processed meat products, Technological advancements in the production of man-made casings, Changing consumer preferences, Increasing demand for convenience foods, Growing meat industry in developing countries

  • What will be the value of the man-made sausage casing market during 2023-2030?

According to the Zion Market Research report, the global man-made sausage casing market was worth around USD 2.23 billion in 2022 and is estimated to grow to about USD 5.41 billion by 2030.

  • What is the CAGR value of the global man-made sausage casing market from 2023-2030?

The global man-made sausage casing market is expected to grow with a compound annual growth rate (CAGR) of approximately 6.7% over the forecast period.

  • Which region will contribute notably towards the man-made sausage casing market value?

North America led the global man-made sausage casing market with nearly 38 percent of the shares. Sausage has been enjoying a period of strong sales in recent years, mainly due to the ongoing introduction of new and intriguing flavors, as well as more convenient packaging and products.

  • Which are the major players leveraging the man-made sausage casing market growth?

Nitta Casings Inc., Kalle GmbH, Walton’s., DCW, BAODING DONGFANG CASING CO LTD., ViskoTeepak Group, Shenguan Holdings (Group) Limited, Selo BV, Nippi, Inc., Innovia Films Ltd., ALMOL CASING PTY LTD, Blancasings Industriale SRL, Nippi Inc., Viskase Company, Inc., Selo B.V., Fibran S.A., Devro Plc, Oversea Casing Company, Walsroder Casings GmbH, Iman Casings Ireland Ltd., and Viscofan Group.

Browse Other Related Research Reports from Zion Market Research:

At 4.2% CAGR, Global Animal Auto-Immune Disease Diagnostics Market Size & Share to Surpass USD 5 Billion by 2028 | Industry Trends, Demand, Price, Analysis & Forecast Report by Zion Market Research: https://www.prnewswire.com/news-releases/at-4-2-cagr-global-animal-auto-immune-disease-diagnostics-market-size–share-to-surpass-usd-5-billion-by-2028–industry-trends-demand-price-analysis–forecast-report-by-zion-market-research-301585880.html

At 5.2% CAGR, Global Umbilical Cord Blood Banking Market Size & Share to Surpass USD 21.4 Billion by 2028 | Umbilical Cord Blood Banking Industry Trends, Demand, Price, Analysis & Forecast Report by ZMR: https://www.prnewswire.com/news-releases/at-5-2-cagr-global-umbilical-cord-blood-banking-market-size–share-to-surpass-usd-21-4-billion-by-2028–umbilical-cord-blood-banking-industry-trends-demand-price-analysis–forecast-report-by-zmr-301608611.html

At 7.9% CAGR, Global Bioactive Wound Management Market Size & Share to Surpass US$ 2.9 Billion By 2028 | Industry Trends, Share, Growth, Value, Analysis & Forecast Report By Zion Market Research: https://www.prnewswire.com/news-releases/at-7-9-cagr-global-bioactive-wound-management-market-size–share-to-surpass-us-2-9-billion-by-2028–industry-trends-share-growth-value-analysis–forecast-report-by-zion-market-research-301585819.html

At 10.2% CAGR, Global Veterinary Reference Laboratory Market Size & Share to Surpass US$ 9.2 Billion By 2028 | Veterinary Reference Laboratory Industry Trends, Share, Growth, Value, Analysis & Forecast Report By ZMR: https://www.prnewswire.com/news-releases/at-10-2-cagr-global-veterinary-reference-laboratory-market-size–share-to-surpass-us-9-2-billion-by-2028–veterinary-reference-laboratory-industry-trends-share-growth-value-analysis–forecast-report-by-zmr-301586741.html

At 9.6% CAGR, Global Electrophysiology Market Size & Share to Surpass US$ 12 Billion By 2028 | Electrophysiology Market Industry Trends, Share, Growth, Value, Analysis & Forecast Report By Zion Market Research: https://www.prnewswire.com/news-releases/at-9-6-cagr-global-electrophysiology-market-size–share-to-surpass-us-12-billion-by-2028–electrophysiology-market-industry-trends-share-growth-value-analysis–forecast-report-by-zion-market-research-301586721.html

Insights on Global Stretch Marks Treatment Market Size & Share to Reach USD 4.17 Billion by 2028, Exhibit a CAGR of 6.5% | Industry Trends, Value, Analysis & Forecast Report by ZMR: https://www.prnewswire.com/news-releases/insights-on-global-stretch-marks-treatment-market-size–share-to-reach-usd-4-17-billion-by-2028–exhibit-a-cagr-of-6-5–industry-trends-value-analysis–forecast-report-by-zmr-301586732.html

Insights on Global Fluid Management System Market Size & Share to Reach USD 26 Billion by 2028, Exhibit a CAGR of 12.87% | Industry Trends, Value, Analysis & Forecast Report by ZMR: https://www.prnewswire.com/news-releases/insights-on-global-fluid-management-system-market-size–share-to-reach-usd-26-billion-by-2028–exhibit-a-cagr-of-12-87–industry-trends-value-analysis–forecast-report-by-zmr-301588209.html

At 15% CAGR, Bioprocess Technology Market Size to Hit US$ 79 Billion, Globally, By 2028 | Industry Trends, Share, Growth Rate, Value, Analysis & Forecast Report By Zion Market Research: https://www.prnewswire.com/news-releases/at-15-cagr-bioprocess-technology-market-size-to-hit-us-79-billion-globally-by-2028–industry-trends-share-growth-rate-value-analysis–forecast-report-by-zion-market-research-301590183.html

Statistics Report: Global Chronic Respiratory Diseases Treatment Market Size & Share to Surpass USD 300 Billion by 2028, Predicts Zion Market Research | Industry Trends, Growth, Value, Segmentation Analysis & Forecast by ZMR: https://www.prnewswire.com/news-releases/statistics-report-global-chronic-respiratory-diseases-treatment-market-size–share-to-surpass-usd-300-billion-by-2028-predicts-zion-market-research–industry-trends-growth-value-segmentation-analysis–forecast-by-zmr-301593288.html

At 6.4% CAGR, Global Pleural Effusions Treatment Market Size & Share to Surpass US$ 6.8 Billion By 2028 | Pleural Effusions Treatment Industry Trends, Share, Growth, Value, Analysis & Forecast Report By ZMR: https://www.prnewswire.com/news-releases/at-6-4-cagr-global-pleural-effusions-treatment-market-size–share-to-surpass-us-6-8-billion-by-2028–pleural-effusions-treatment-industry-trends-share-growth-value-analysis–forecast-report-by-zmr-301593379.html

About Zion Market Research:

Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.

Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Follow Us on LinkedIn: https://www.linkedin.com/company/zion-market-research/

Follow Us on Twitter: https://twitter.com/zion_research

Follow Us on Facebook: https://www.facebook.com/zionmarketresearch

Follow Us on Pinterest: https://www.pinterest.com/zionmarketresearch/

Follow Us on YouTube: https://youtu.be/Y0Yfi7N8zSs

Contact Us:

Rushikesh Dorge

USA: +1 347 690-0211

United Kingdom: +44 2032 894158

Japan: +81 50 5806 9039

India: +91 7768 006 007

Web: https://www.zionmarketresearch.com/

Blog: https://zmrblog.com/

Still, Looking for More Information? OR Want Data for Inclusion in Magazine, Case Study, or Media?

Email Directly Here with Detail Information: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Oncolytics Biotech® Announces Upcoming Presentations at the American Society of Clinical Oncology Annual Meeting

Published

on

oncolytics-biotech-announces-upcoming-presentations-at-the-american-society-of-clinical-oncology-annual-meeting

SAN DIEGO and CALGARY, AB, April 25, 2024 /PRNewswire/ — Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced the acceptance of two abstracts at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting, which is taking place from May 31 – June 4, 2024, in Chicago, Illinois. Details on the abstracts and poster presentation are shown below.

Title: Phase 1/2 randomized, open-label, multicenter, Simon two-stage study of pelareorep combined with modified FOLFIRINOX +/- atezolizumab in patients with metastatic pancreatic ductal adenocarcinoma.
Presentation Type: PosterAbstract Number: TPS4203Session Title: Gastrointestinal Cancer – Gastroesophageal, Pancreatic, and HepatobiliarySession Date and Time: June 1, 2024, 1:30 – 4:30 p.m. CTTitle: Pelareorep driven blood TIL expansion in patients with pancreatic, breast and colon cancer.Presentation Type: Online abstractAbstract Number: e14625
Abstracts will be published on the ASCO Annual Meeting website at 5:00 p.m. ET on May 23, 2024.
About Oncolytics Biotech Inc.
Oncolytics is a clinical-stage biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. Pelareorep has demonstrated promising results in two randomized Phase 2 studies in metastatic breast cancer and Phase 1 and 2 studies in pancreatic cancer. It acts by inducing anti-cancer immune responses and promotes an inflamed tumor phenotype — turning “cold” tumors “hot” — through innate and adaptive immune responses to treat a variety of cancers.
Pelareorep has demonstrated synergies with multiple approved oncology treatments. Oncolytics is currently conducting and planning combination clinical trials with pelareorep in solid and hematological malignancies as it advances towards registrational studies in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA. For further information, please visit: www.oncolyticsbiotech.com or follow the company on social media on LinkedIn and on X @oncolytics.
 
Company Contact
Jon Patton
Director of IR & Communication
[email protected]
 
Investor Relations for Oncolytics
Timothy McCarthy
LifeSci Advisors
+1-917-679-9282
[email protected]
 
 

View original content:https://www.prnewswire.co.uk/news-releases/oncolytics-biotech-announces-upcoming-presentations-at-the-american-society-of-clinical-oncology-annual-meeting-302127245.html

Continue Reading

Artificial Intelligence

Internet of Things (IoT) Market to Expand at a Stellar 19.4% CAGR through 2031 | SkyQuest Technology

Published

on

internet-of-things-(iot)-market-to-expand-at-a-stellar-19.4%-cagr-through-2031-|-skyquest-technology

WESTFORD, Mass., April 25, 2024 /PRNewswire/ — SkyQuest projects that the Internet of Things (IoT) Market will attain a value of USD 1572.37 billion by 2031, with a CAGR of 19.4% over the forecast period (2024-2031). Internet of Things (IoT) refers to the network of connected devices over the internet that are embedded with sensors and software. Growing adoption of automation around the world and advancements in connected device technologies are forecasted to be key factors driving the Internet of Things (IoT) market growth in the future.

Download a detailed overview:
https://www.skyquestt.com/report/internet-of-things-market
Browse in-depth TOC on “Internet of Things (IoT) Market”
Pages – 197Tables – 69Figures – 75Internet of Things (IoT) Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 380.6 billion
Estimated Value by 2031
$1572.37 billion
Growth Rate
Poised to grow at a CAGR of 19.4%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component Type, Application, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Rising demand for connected healthcare and growing use of industrial automation solutions
Key Market Drivers
Advancements in connectivity and connected device technologies
 
 
Hardware is Estimated to Dominate the Global Market Share Owing to High Use of Hardware Components in IoT
Hardware components such as sensors and actuators are highly vital to the proper functioning of any kind of Internet of Things (IoT) device. Growing adoption of IoT devices in different industry verticals for various applications is promoting market growth via this segment. The development of new hardware solutions also helps this segment maintain its dominance.
Smart Agriculture is the Fastest-growing Segment Owing to Rising Adoption of Precision Agriculture Practice
Rising emphasis on improving agricultural yield and sustainability has resulted in the growing adoption of smart agriculture and precision agriculture practices. IoT devices play a crucial role in monitoring and controlling different elements of a smart agriculture setup that is mostly automated using different smart devices thereby contributing to the IoT market growth as well.
Growing Adoption of 5G Technology Allowing North America to Dominate the Global Internet of Things (IoT) Market
Rapid adoption of 5G technology and high use of cloud-based platforms are key factors allowing North America to lead the demand for Internet of Things (IoT) around the world. Surging investments in the research and development of advanced technologies and the presence of key tech giants such as Amazon, Google, IBM, and Microsoft also helps the dominance of this region. Canada and the United States remain the most lucrative markets for Internet of Things (IoT) companies in North America through 2031.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/internet-of-things-market
Internet of Things (IoT) Market Insights:
Drivers
Advancements in connectivity and connected device technologies.Growing demand for Industrial IoT (IIoT) solutions.Increasing number of smart cities and development of smart infrastructure.Restraints
Lack of standardization of IoT devices and technologies.Privacy and data security issues.Interoperability challenges and complex integration scenarios.Prominent Players in Internet of Things (IoT) Market
MicrosoftCisco SystemsIntelSiemens (Germany)AWS (US)Oracle (US)Qualcomm (UK)SAP (Germany)IBM (US)Google (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/internet-of-things-market
Key Questions Answered in Internet of Things (IoT) Market Report
What are the top drivers for Internet of Things (IoT) market going forward?Who are the leading Internet of Things (IoT) market players?Where will demand for Internet of Things (IoT) be high?Which component accounts for a dominant revenue share of the global Internet of Things (IoT) market?This report provides the following insights:
Analysis of key drivers (advancements in connectivity and connected device technologies, growing demand for industrial IoT (IIoT), development of smart infrastructure for smart cities, growing use of smart devices ), restraints (lack of standardization, complexities in integration, concerns regarding security and privacy of data), and opportunities (rising popularity of connected healthcare, increasing adoption of Industry 4.0, rising use of industrial automation), influencing the growth of Internet of Things (IoT) market.Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Internet of Things (IoT) market.Market Development: Detailed analysis of potential regions where the market has potential to grow.Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.Related Reports:
Global Internet of Things in Retail Market
Global Internet of Things (IoT) in Agriculture Market
Global Internet of Things (IoT) Microcontroller Market
Global IOT In Healthcare Market
Global IOT in Manufacturing Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:
Mr. Jagraj Singh Skyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/

View original content:https://www.prnewswire.co.uk/news-releases/internet-of-things-iot-market-to-expand-at-a-stellar-19-4-cagr-through-2031–skyquest-technology-302127239.html

Continue Reading

Artificial Intelligence

Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands

Published

on

sapiens-unveils-enhanced-reinsurance-and-analytics-solution-catering-to-evolving-market-demands

Latest version enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights
ROCHELLE PARK, N.J., April 25, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens ReinsuranceMaster.

The new release of Version 9 brings a multitude of enhancements and technology stack updates, designed to empower insurers and reinsurers with robust, enriched functionality to support business requirements. This includes automating global inter-company retrocession, facilitating U.S. NAIC statutory reporting (Schedule F), and real-time reinsurance allocation support (‘reinsurance as a service’).
The latest release offers a multitude of enhancements, with one of the standout features being the seamless integration of Sapiens Intelligence with Sapiens ReinsuranceMaster. This integration empowers users with advanced data capabilities and actionable insights through out-of-the-box reinsurance reports and analytics of the reinsurance portfolio’s performance.
In addition, the new release brings significant improvements to the user experience, with a revamped user interface, enhancements in processing performance through improvements and parallel processing mechanisms, improved scalability and operability. 
“With the growing significance of reinsurance in today’s volatile environment, our latest version of Sapiens ReinsuranceMaster with Sapiens Intelligence offers even greater value to insurers and reinsurers, catering to the ever-changing demands of this dynamic market,” said Roni Al-Dor, Sapiens President & CEO. “Leveraging the shared experience from our other products as well as requirements from our global client base, the solution is now very well-positioned to support global automation of complex reinsurance programs and provide management with insights into reinsurance performance as well as statutory reporting.”  
Sapiens ReinsuranceMaster is a comprehensive, single platform for large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. The solution supports the entire range of reinsurance contracts, providing full support for all auditing requirements and a consolidated view of liabilities and risks, as well as helping prevent financial leakage.
Sapiens Intelligence, now a fully integrated component of Sapiens ReinsuranceMaster v.9, produces actionable insights to maximize the value of data and KPIs for smarter decision making, improving reinsurance business management.
About Sapiens  
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data, and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.com or follow us on LinkedIn  
Investor and Media Contact : Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor Relations Email: [email protected] 
Forward Looking Statements
Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
 
Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sapiens-unveils-enhanced-reinsurance-and-analytics-solution-catering-to-evolving-market-demands-302127409.html

Continue Reading

Trending