Artificial Intelligence
Smart Luggage Market is expected to hit USD 6.37 Bn by 2029 at a CAGR of 19.78 percent – says Maximize Market Research
Pune, May 26, 2023 (GLOBE NEWSWIRE) — A global research and business consulting firm, Maximize Market Research, has published a market intelligence report on the “Smart Luggage Market”. The report is a combination of primary data and secondary data and domain expert has analysed the Smart Luggage Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects, the market to grow from USD 1.8 Bn in 2022 to USD 6.37 Bn in 2029 at a CAGR of 19.78 percent.
Smart Luggage Market Report Scope and Research Methodology
| Market Size in 2022 | USD 1.8 Bn. |
| Market Size in 2029 | USD 6.37 Bn. |
| CAGR | 19.78 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 113 |
| No. of Charts and Figures | 112 |
| Segment Covered | Use, Distribution Channel, Price, Connectivity, Application, Technology |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The research methodology used for the report on the Smart Luggage Market incorporates both primary and secondary research. Primary research included interviews with industry experts, while secondary sources included a comprehensive analysis of industry reports and publications, newsletters, and news sources. These methods were employed to analyze the trends and dynamics that were driving the Smart Luggage Market dynamics. The secondary research sources included annual editorials, news articles, company reports, and publications available in the public domain. These sources were used to supplement the primary interviews conducted to triangulate the final data. The qualitative and quantitative data gathered through both primary and secondary sources were further analyzed, filtered, and verified to reach market estimates. The Smart Luggage Market research report includes a detailed competitive landscape, with a comparison of key players. It also includes detailed market segmentation based on use, distribution channel, price, connectivity, application, technology and geography. The report provides an overview of the leading players in the Smart Luggage Market, a detailed analysis of key market dynamics, and a comprehensive study of the competitive landscape of the market.
Smart Luggage Market Overview
The smart luggage market has been growing steadily in recent years as travelers seek innovative solutions to make their journeys more convenient and efficient. The integration of technology into luggage has transformed traditional suitcases into intelligent travel companions. Smart luggage often incorporates wireless connectivity, allowing users to connect their bags to smartphones or other devices via Bluetooth or Wi-Fi. This connectivity enables various functionalities like remote locking and unlocking, real-time tracking, and notifications. Many smart suitcases include GPS technology, enabling users to track their luggage in real time. This feature helps prevent loss or theft and provides peace of mind to travelers. Additionally, some luggage can send location updates to the user’s smartphone or notify them when their bag is out of range. Smart luggage offers enhanced security features such as fingerprint or keypad locks. These biometric or digital locks eliminate the need for traditional keys or combination locks, making the luggage more secure and convenient.
Smart Luggage Market Dynamics
The smart luggage market has witnessed significant growth and evolving dynamics in recent years. The rapid advancements in technology, particularly in the fields of connectivity, the Internet of Things (IoT), and artificial intelligence (AI), have greatly influenced the smart luggage market. Smart luggage now incorporates features such as built-in GPS tracking, Bluetooth connectivity, biometric locks, digital scales, USB charging ports, and companion mobile apps for enhanced functionality and convenience. The growth of the global travel and tourism industry has been a major driver for the smart luggage market. As more people travel for leisure and business purposes, there is a growing demand for luggage that offers improved security, tracking capabilities, and convenience during travel.
The increasing regulations and restrictions imposed by airlines regarding baggage weight, size, and security have fueled the demand for smart luggage. Smart luggage with features like built-in scales to weigh bags and TSA-approved locks that can be remotely unlocked by security personnel address the challenges faced by travelers due to these regulations. With the rising instances of baggage theft and loss, consumers are increasingly seeking luggage options that provide enhanced security. Smart luggage offers features like real-time GPS tracking, anti-theft alarms, and proximity sensors that alert users if their luggage is moved or tampered with, thereby improving security and peace of mind.
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Smart Luggage Market Regional Insights
North America has been a leading market for smart luggage, primarily due to the high adoption of advanced technologies and the presence of major players in the region. The United States, in particular, has seen substantial growth in smart luggage sales, fueled by frequent air travel and a tech-savvy consumer base. Europe is another prominent market for smart luggage, with countries like the United Kingdom, Germany, and France leading the way. The region’s well-established travel industry, coupled with rising disposable incomes and a growing preference for convenient travel solutions, has contributed to the market’s expansion.
Asia Pacific is projected to be the leading region in Smart Luggage Market
The Asia Pacific region has experienced a surge in international and domestic travel, with an increasing number of people opting for air travel. This trend has led to a higher demand for smart luggage, as travelers seek innovative and convenient solutions for their journeys. The Asia Pacific region has a large and tech-savvy population that embraces innovative products. Smart luggage appeals to consumers who value convenience, security, and connectivity. Features such as GPS tracking and remote locking systems provide travelers with peace of mind and enhance their overall travel experience. As economies in the Asia Pacific region continue to grow, disposable incomes have been on the rise. This has resulted in increased consumer spending on travel-related products, including smart luggage. Consumers are willing to invest in high-quality, technologically advanced luggage to meet their travel needs. The continuous advancements in technology have facilitated the development of smart luggage with more sophisticated features. Manufacturers are integrating new technologies into their products, including biometric locks, wireless charging capabilities, and smart device integration, to cater to the evolving demands of consumers.
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Smart Luggage Market Segmentation
By Use:
- Business
- Vacation
- Others
By Distribution Channel
- Specialty stores
- Brand stores
- Online
- Others
In 2022, Online distribution channels have gained immense popularity in recent years. Consumers can conveniently browse and purchase smart luggage from various e-commerce platforms. Online retailers offer a wide selection of smart luggage options from multiple brands, providing customers with the flexibility to compare features, read reviews, and make informed purchasing decisions. Additionally, online channels may offer competitive prices and discounts, making them an attractive option for many consumers.
By Price:
- Low
- Mid
- High
By Connectivity:
- GPS
- Wi-Fi
- Bluetooth
- RFID
- Others
By Application:
- Real-time tracking
- Proximity sensors
- Remote locking
- Digital scaling
- Others
By Technology:
- USB Port
- Connectivity
- Sim card
- Others
Smart Luggage Key Competitors include:
• Bluesmart (USA)
• Away (USA)
• Raden (USA)
• Trunkster (USA)
• Barracuda (USA)
• Horizn Studios (Germany)
• Rimowa (Germany)
• Samsonite (USA)
• Delsey (France)
• Enkloze (Japan)
• Samsara Luggage (USA)
• Cowarobot (China)
• Travelmate Robotics (USA)
• Plevo (Australia)
• Modobag (Denmark)
• Arlo Skye (China)
• G-RO (Australia)
• FUGU Luggage (Israel)
• OneSmart Luggage (New Zealand)
• TraxPack (UK)
• Lugloc (USA)
• Kabuto (France)
• Tumi (USA)
• Carriall (India)
• Barracuda (Germany)
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Key questions answered in the Smart Luggage Market are:
- What is Smart Luggage?
- What was the Smart Luggage Market Size in 2022?
- What is the expected Smart Luggage Market size during the forecast period?
- What are the global trends in the Smart Luggage Market?
- What are the major restraints for the Smart Luggage Market?
- Which segment dominated the Smart Luggage Market growth?
- What is the demand pattern for the Smart Luggage Market?
- What growth strategies are the players considering to increase their presence in the Smart Luggage Market?
- What are the upcoming industry applications and trends for the Smart Luggage Market?
- Who are the leading companies and what are their portfolios in Smart Luggage Market?
- Which region dominates the largest market share in Smart Luggage Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application, and Industry Vertical
- Market Segmentation – A detailed analysis by Segment
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
-
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
-
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include Healthcare, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
For media inquiries, please contact [email protected]
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Artificial Intelligence
Malaysia Data Center Market to Witness $3.97 Billion Investment Opportunities by 2029, Get Insights on 34 Existing Data Centers and 33 Upcoming Facilities across Malaysia – Arizton
CHICAGO, April 18, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Malaysia data center market is growing at a CAGR of 13.92% during the forecast period.
To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Malaysia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 3.97 Billion (2029)
Market Size (Area)
883 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
163 MW (2029)
CAGR Investment (2023-2029)
13.92 %
Colocation Market Size (Revenue)
USD 1.23 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Over the next few years, Malaysia is poised to witness significant growth in data center investments, driven by the influx of operators like AirTrunk, Equinix, Princeton Digital Group, and other leading companies. Key hubs like Cyberjaya, Kuala Lumpur, and Johor Bahru are expected to see heightened activity, hosting most of the country’s data centers.
The wholesale colocation sector is projected to experience a revenue surge fueled by major cloud players like Microsoft, Google, and AWS. These companies have unveiled plans to establish dedicated cloud regions within Malaysia, with expected timelines for deployment within the next one to two years. This trend underscores Malaysia’s growing importance as a regional hub for data infrastructure and cloud services.
Malaysia is among the top expensive markets globally for developing data centers. Malaysia’s data center construction cost in 2023 stood at about $8.5-$10 million per MW, making it the costliest market in the APAC region after Singapore and Jakarta.
Investment Opportunities in the Malaysia Data Center Market
In November 2023, ST Telemedia Global Data Centres announced its plans to develop a new data center campus in Johor. The construction of the first building is likely to begin soon and become operational by 2025. The company formed a joint venture with Basis Bay to develop a new data center campus with two buildings, Cyberjaya DC.2 and STT Kuala Lumpur 1 in Cyberjaya, Selangor.In October 2023, EDGNEX Data Centres by DAMAC announced its plans to enter the APAC market for the first time; the company is considering a facility in Cyberjaya, Selangor. The expected investment can cross the $52 million mark.In October 2023, Infinaxis Data Centre Holdings, the joint venture between Gaw Capital Partners and A3 Capital, announced the construction of its first data center facility in Cyberjaya. The facility will have 10 data halls and will likely be operational by Q2 2025.In September 2023, EdgeConneX announced its plans to expand its footprint in Malaysia with the development of three data centers sites across Bukit Jalil, Kuala Lumpur, and Cyberjaya. The company plans to develop data centers in partnership with Cyberview.To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Market Trends
According to IRENA, in 2022, hydroenergy accounted for around 69% of the renewable energy capacity in Malaysia, followed by solar energy, which contributed about 21%, along with a 10% contribution by bioenergy.Malaysia aims to achieve the target of net-zero carbon emissions by 2050. To make this goal a reality, WWF-Malaysia is partnering with Boston Consulting Group to develop an independent joint study on the country’s optimal net zero pathway.The government of Malaysia has established a green tariff scheme to support its carbon-neutrality target. Under the scheme, subscribers can get electricity from solar or hydro sources instead of fossil fuel sources.Mergers, acquisitions, joint ventures, and partnerships are key strategies employed by operators to expand their portfolios and global footprint. For example:
In December 2023, Chindata Group merged with BCPE Chivalry Merger Sub, a wholly owned subsidiary of BCPE Chivalry Bidco, completing its transition to a private company from a public one.November 2023 saw ST Telemedia Global Data Centres, in a joint venture with Basis Bay, announcing plans to develop a new data center campus with two buildings in Cyberjaya, Selangor.A3 Capital and Gaw Capital Partners formed a joint venture in February 2023 to establish Infinaxis Data Centre Holdings to develop and operate data centers across Malaysia and Southeast Asia.MN Holdings, an engineering services and solutions company, signed a Memorandum of Understanding (MoU) in April 2023 with Shanghai DC-Science, outlining an investment of approximately $600 million to develop a data center site at the Sedenak Tech Park, Johor.Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and Malaysia colocation market revenue.An assessment of the data center investment in Malaysia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Malaysia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in MalaysiaFacilities Covered (Existing): 34Facilities Identified (Upcoming): 33Coverage: 9 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in MalaysiaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe Malaysia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Tower and Dry CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IV GeographySelangorJohorOther StatesVendor Landscape
IT Infrastructure Providers
Cisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMInspurLenovoNetAppData Center Construction Contractors & Sub-Contractors
Advance Power EngineeringAsima ArchitectsAVO TechnologyB-Global TechCTC-GlobalCSF GroupCyclect GroupDSCO GroupGamudaGCM TechnologiesHSS EngineersISGKienta Engineering ConstructionLSK EngineeringMES GroupM+W Group (Exyte)MN HoldingsNakanoNTT FACILITIESPowerware SystemsS5 EngineeringShaw ArchitectSunway Construction GroupUnique CentralSupport Infrastructure Providers
ABBCaterpillarCumminsEatonFuji ElectricHITEC Power ProtectionKOHLER PowerLegrandMitsubishi ElectricNarada Power SourcePiller Power SystemsRittalRolls-RoyceSchneider ElectricSiemensSocomecSTULZTraneVertivData Center Investors
Bridge Data CentresEdge CentresGDS ServicesIRIX (PP TELECOMMUNICATION)Keppel Data CentresNTT DATAOpen DCTM OneVantage Data CentersYTL Data Center HoldingsNew Entrants
AirTrunkAmazon Web Services (AWS)EdgeConneXEquinixFutureData (Cyclect Group + TSG Group)Googlei-BerhadInfinaxis Data Centre HoldingsMN Holdings + Shanghai DC-ScienceMicrosoftNEXTDCPrinceton Digital GroupRegal OrionSingtelST Telemedia Global Data CentresYondrTo Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Key Questions Answered in the Report:
What factors are driving the Malaysian data center industry?
How big is the Malaysia data center market?
How many MW of power capacity will be added across Malaysia during 2024 to 2029?
What is the growth rate of the Malaysia data center market?
Which states are included in the Malaysia data center market report?
Get the Detailed TOC @ https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
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Australia Data Center Market – Investment Analysis & Growth Opportunities 2023–2028
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact UsCall: +1-312-235-2040 +1 302 469 0707 Mail: [email protected] Contact Us: https://www.arizton.com/contact-us Blog: https://www.arizton.com/blog Website: https://www.arizton.com/
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