Artificial Intelligence
Pre Made Pouch Packaging Machines Market Is Expected to Reach USD 2.61 Billion by 2030, Grow at a CAGR Of 6.3% during Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd.
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Farmington, April 25, 2023 (GLOBE NEWSWIRE) — The Global Pre made Pouch Packaging Machines Market Was Valued At $1.7 Billion In 2022 And Is Expected To Expand $2.61 Billion By 2030 at a CAGR Of 6.3% From 2023 To 2030. Filling and sealing products into pre-made pouches is the job of pouch packaging machines. Collecting packaging machines, blister packaging machines, skin packaging machines, and vacuum packaging machines are just some of the options out there. The cost-effectiveness, high degree of automation, one-stop service, and Customizable features of these packaging machines are attracting more and more businesses in the food and beverage industry, the chemical and pharmaceutical industry, and the cosmetic and personal care manufacturing industry. As a result, the preformed pouch packing machine market is anticipated to reach $2.61 billion by 2027.We give historic and projected data for the period 2017–2030 (with 2022 as the base year) for the global pre-made pouch packaging machines market in terms of sales volume (K units) and revenue (million USD). The market for pre-made pouch packaging machines is broken down thoroughly in this paper. We also provide regional product market sizes broken down by category, use case, and industry player. We factored in the effects of both COVID-19 and the conflict between Russia and Ukraine when calculating the potential size of the market.
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Segmentation Overview:
Deployment Outlook:
Deploying an API management solution in the cloud means making it available over the internet. Popularity of cloud-based solutions can be attributed to their low barrier to entry, manageability, and scalability, as well as their adaptable pricing structures.
The term “on-premises deployment” is used to describe API management solutions that are installed on a company’s own servers and accessed from within the company’s own network. Companies with strict security or compliance regulations may prefer on-premises solutions due to the increased flexibility and control they provide.
To deploy an API management solution in a hybrid fashion, you would use a combination of cloud-based and on-premises deployment, with some components residing in the cloud and others in your own data center. The advantages of cloud-based and on-premises solutions, such as scalability, manageability, and security, are combined in a hybrid deployment, making it a popular choice.
Among API management providers, cloud-based deployment is by far the most widely used option, with many companies now providing exclusively cloud-based solutions. Cloud-based solutions are appealing to businesses of all sizes due to their low entry barrier to implementation and scalability.
Organization Size Outlook:
The report notes that large enterprises hold the largest market size in the API management market, due to their significant investment capabilities and the need for managing complex APIs in their systems. However, the report also states that SMEs are expected to grow at a higher rate during the forecast period, due to the increasing adoption of cloud-based API management solutions and the need for better security and governance of APIs
Regional Analysis:
During the forecast period, North America’s market is anticipated to grow at the fastest rate. This is due to the region’s high adoption of cloud-based solutions and increasing demand for digital transformation, as well as the presence of major players in the region.
During the forecast period, the Asia Pacific region is anticipated to expand at the fastest rate because of factors such as the rising popularity of APIs and cloud-based solutions, the proliferation of small and medium-sized enterprises, and the rising investments in digital transformation by organizations.
According to the report, the adoption of digital technologies, the expansion of small and medium-sized enterprises, and the call for better security and governance of APIs are all driving growth in Europe, the Middle East and Africa, and Latin America over the forecast period.
It is essential to take into account the specific local factors when analysing the API management market in each region, as market conditions and trends can vary significantly from region to region and even from country to country.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 6.3% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 2.61 Billion |
| By Deployment Type |
|
| By Organization Size |
|
| By Industries |
|
| By Companies |
|
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Restraining Factors:
There are a number of challenges that could slow the expansion of the global API management market. Among the most important constraints are:
Integration difficulties: The process of incorporating APIs into an organization’s pre-existing IT framework can be laborious and time-consuming. This may prevent some businesses from implementing API management systems.
Cost considerations: The high initial investment and ongoing overhead of API management solutions is a concern for many businesses, especially those with limited resources.
Competition from open-source alternatives: API management solutions can be costly; however, there are open-source alternatives that can be much cheaper, if not free. Because of this, vendors in the API management market may face competition from open-source alternatives, as some businesses may prefer to use these instead of paying for proprietary software.
Opportunity Analysis:
A number of promising new avenues for development and expansion exist in the international API management market. Consider a few of the most promising prospects:
Adoption of API-first strategies: The use of APIs as the primary means of communication between applications and systems is becoming increasingly popular among businesses, which are adopting what are known as “API-first strategies.” Suppliers of API management solutions can fill a need in the market by catering to these tactics.
Focus on developer experience: Since developers make up a sizable portion of API consumers, it’s important to put extra effort into improving their experience with APIs. To enhance the developer experience, vendors can center their efforts on making APIs, documentation, and tools accessible and user-friendly.
Adoption of microservices architecture: Adopting a microservices architecture means decomposing applications into a collection of smaller, self-sufficient services that interact with one another via application programming interfaces. As a result, there is a need for API management solutions to facilitate the administration and amalgamation of these offerings.
Focus on API monetization: Paying attention to how APIs can be made profitable for businesses, which are increasingly looking to do so by making them available to other businesses and consumers. When it comes to monetizing APIs, API management solutions can supply the resources you need to succeed.
Integration with cloud-native technologies: With the growing popularity of cloud-based systems, businesses should look for API management solutions that are compatible with these platforms in order to offer their customers a more streamlined and satisfying experience.
Key Segments Covered:
Top Market Players:
- IBM Corporation
- Microsoft Corporation
- Google LLC
- Amazon Web Services, Inc.
- Oracle Corporation
- MuleSoft LLC (Salesforce.com, Inc.)
- Red Hat, Inc.
- Axway Inc.
- SAP SE
- Dell Boomi, Inc.
By Deployment Type
- On-premises
- Cloud
By Organization Size
- SMEs
- Large enterprises
By Industries
- Government
- Healthcare
- Retail
- Manufacturing
- Others
- BFSI
- IT and telecom
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
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About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
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