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Smart Luggage Market is expected to hit USD 6.37 Bn by 2029 at a CAGR of 19.78 percent – says Maximize Market Research

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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.

Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/188058

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.

Get a Sample Copy of the Report : https://www.maximizemarketresearch.com/request-sample/188058

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.

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/188058

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)

Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/188058

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

Maximize Market Research is leading research firm, has also published the following reports:

Smart Parcel Locker Market Market was valued at US$ 0.7 Bn. in 2021. Smart Parcel Locker Market size is expected to grow at a CAGR of 10.79 % through the forecast period. The growing e-commerce market is pushing parcel delivery companies to adopt advanced smart technology to improve customer satisfaction by providing reliable and secure parcel services.

Aerospace Interior Market The market size was valued at US$ 354.52 Mn. in 2021, and the total revenue is estimated to grow by 2.7% through 2021 to 2029, reaching nearly US$ 438.73 Mn. Organic growth in aircraft production and deliveries, a surge in air passenger and cargo traffic, a large fleet size of Aircraft fueling market demand for cabin retrofits, and increasing demand for advanced lightweight composite materials

Smart Airport Market Market was valued at US$ 3.86 Bn in 2021. The Smart Airport Market size is estimated to grow at a CAGR of 18.24 % over the forecast period. Nowadays airports use a variety of digital technology, including self-service kiosks, baggage tracking, and flight information shared via social media sites like Twitter. To provide customers with improved experiences, airports are adopting cutting-edge technology more frequently.

Smart Railways Market Market is expected to reach US $ 65.96 billion by 2029, thanks to growth in the Rail Communication and Networking System segment. The report analyzes Smart Railways market dynamics by region, solutions, and services. The demand for unorthodox methods for railway operations is growing as the demand for urban mobility and freight transportation grows.  

Parcel Delivery Market Market size was valued at US $453.47 Bn. in 2021. B2B, one of the segments reviewed in the MMR report is dominating the Parcel Delivery market.

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.


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

Saviynt Appoints James Ross as RVP-ANZ to Strategically Accelerate Growth in the Australia and New Zealand Region

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LOS ANGELES, May 22, 2024 /PRNewswire/ — Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced the appointment of James Ross as RVP-ANZ as the company has seen rapid growth in the Australia and New Zealand (ANZ) region, with double digit growth year over year.

Saviynt has solidified its position as a key player in the cloud identity security landscape with its Identity Cloud. The company’s continued focus on innovation and client satisfaction has contributed significantly to building a safer Australia with prominent customers across the energy and utilities, finance, retail, energy, and transport and logistics sectors.
“James’ appointment as the Regional Vice President (RVP) for ANZ marks a strategic move to accelerate growth and solidify market presence in the region,” said Dan Mountstephen, SVP APAC at Saviynt. “With a proven track record of dynamic leadership at Collibra, ForgeRock, and CA Technologies, James brings a wealth of experience and expertise to the role. His visionary approach and collaborative spirit are poised to inspire and mobilize teams toward ambitious targets.”
Saviynt has consistently expanded its client base and deepened its relationships with existing customers through customized solutions and unparalleled support, cementing its reputation as a trusted partner in the region’s cybersecurity ecosystem. As RVP ANZ, Ross is set to foster key partnerships and implement agile strategies to propel the company towards new heights of success in the dynamic ANZ market.
“Joining Saviynt excites me because it’s an opportunity to help more organizations simplify their identity ecosystem in order to drive efficiencies and improved security posture. I am committed to leveraging Saviynt’s cutting-edge solutions to continue to broaden our partnerships in the region to improve our accessibility for customers, strengthen our regional delivery, whilst continuing to provide a great customer experience,” said Ross.
To learn more about Saviynt, please visit our website.
About Saviynt
Saviynt empowers enterprises to secure their digital transformation, safeguard critical assets, and meet regulatory compliance. With a vision to provide a secure and compliant future for all enterprises, Saviynt’s cutting-edge solutions have been recognized as industry leaders. For more information, please visit www.saviynt.com.
Press Contact
Jacklyn [email protected]
Photo: https://mma.prnewswire.com/media/2418209/James_Ross_RVP_ANZ_Saviynt.jpg
 

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Appdome Sweeps Cybersecurity Excellence Awards

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Unified Mobile Defense Platform Recognized for Innovation and Leadership Across Nine Cybersecurity Categories
REDWOOD CITY, Calif., May 21, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile defense, today announced it has received a total of nine (9) Cybersecurity Excellence Awards. The Appdome Unified Mobile App Defense Platform was awarded best in class across nine categories in recognition of the comprehensive breadth, depth and value of the Appdome platform to brands and enterprises alike.

“We congratulate Appdome on being recognized as an award winner in 9 categories of the 2024 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 9th annual Cybersecurity Excellence Awards. “With over 600 entries across more than 300 categories, the awards are highly competitive. Appdome’s achievement reflects outstanding commitment to the core principles of excellence, innovation, and leadership in cybersecurity.”
Within a single pane of glass, Appdome delivers the most complete set of no-code, no-SDK, fully automated mobile defenses to mobile brands and enterprises, empowering mobile developers, cybersecurity, fraud and IT teams to deliver on any mobile cyber objective quickly and easily.
The nine (9) categories in which Appdome received a Cybersecurity Excellence Award are:
Mobile Security Platform: Appdome is the only enterprise-grade mobile security platform built for full mobile defense lifecycle management, visibility and control to brands and enterprises alike, including key features for build, test, release, monitor, response, and compliance automation. Mobile Security Automation: Appdome is the only mobile defense solution that uses machine learning to code and build over 300+ mobile app security, anti-fraud, anti-cheat, anti-malware, anti-bot, geo-compliance and other defenses in Android & iOS apps in the DevOps pipeline.Mobile Social Engineering Defense:  The Appdome Social Engineering Prevention solution is the first of its kind to protect mobile users from voice phishing (Vishing) scams and other imposter scams, T.O.A.D. attacks, Remote Access Trojans (RATs), Gold Pickaxe, FaceID bypass and more without an SDK or external servers.Mobile Bot Defense: The Appdome MOBILEBot™ Defense solution is the first mobile anti-bot solution to come out of the box compatible with any industry standard web application firewall (WAF) on the market and provide multi-layered bot, credential stuffing and Account Take Over (ATO) defense without an SDK, external server, performance limits, or restrictions.Mobile Geo Compliance:  Only the Appdome Mobile Geo-Compliance solution guarantees accurate and authentic geo location of mobile devices, applications and users without code or coding in the mobile app, without implementing an SDK and without deploying additional servers.Mobile XDR: The Appdome ThreatScope™ Mobile XDR solution is the only mobile attack and threat monitoring service that comes pre-packaged into the mobile defense lifecycle, requires no device agent, device profile, separate code, coding, SDK or server, and provides real-time detection and automated response across internal (employee facing) and external (consumer facing) Android & iOS apps.DevOps Mobile Security Tool: The Appdome platform’s fully integrated Security Release Management™ capabilities and Appdome Certified Secure™ mobile DevSecOps certification offer the only true enterprise-grade compliance assurance, audit and control for mobile defense at brands and enterprises, allowing quick verification that all security, anti-fraud and compliance objectives have been met.   Mobile Application Security:  With 300+ separate defenses for mobile apps, Appdome has the most comprehensive set of mobile application security features available in one product, fully compatible with all mobile Android & iOS apps.”Nine Cybersecurity Excellence Awards for Mobile Defense tells a very compelling story for the incredibly complex Dev, Sec, and Ops challenges organizations face detecting and defeating mobile-based risks and attacks,” said Chris Roeckl, Chief Product Officer at Appdome. “Point products make these challenges worse by adding complexity and overloading already taxed cyber and engineering teams. Appdome is the only platform simplifying work, bringing all these unique challenges under a single pane of glass, delivering 300+ protections and simultaneously resolving the security, fraud, resilience and compliance challenges brands and enterprises face.”
Learn more about the award-winning Appdome Platform at www.appdome.com or request a personalized demo at https://www.appdome.com/request-a-demo/appdome-home/
The full list of awards are available from the Cybersecurity Excellence Awards website  https://cybersecurity-excellence-awards.com/
About AppdomeThe Appdome mission is to protect every mobile app and mobile user in the world. Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control, and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
Logo – https://mma.prnewswire.com/media/772169/AppDome_Logo_9_27_23.jpg

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Courageous Whistleblowers Reclaim Derogatory Terms As Data Shows 80% of Financial Professionals Stay Silent on Suspected Internal Fraud, Fearing Retaliation

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Enron whistleblower, Sherron Watkins, alongside stars of Apple TV’s The Big Conn, Sarah Carver and Jennifer Griffith, reclaim derogatory labels for whistleblowers          Concerning new data shows more than half of financial professionals in the UK and US have spotted or suspected internal fraud in their workplaces, yet four out of five stay silent fearing retaliation          32% of professionals in finance have seen whistleblowers victimized behind their back or to their faceJACKSONVILLE, Fla., May 21, 2024 /PRNewswire/ — New data from fraud detection software company Medius shows more than half of financial professionals in the UK and US (56%) have spotted or suspected internal fraud in their workplaces yet four in five (81%) stayed silent. When asked why, 45% of professionals cited the fear of recrimination.

Whistleblowers Sherron Watkins, Sarah Carver and Jennifer Griffith have joined forces to reclaim the derogatory names they were called after reporting serious internal financial fraud.
To help empower others to come forward, the whistleblowers are reclaiming the terms “snitch”, “rat” and “traitor”.
Sherron Watkins is the former Vice President of Enron Corporation who alerted the CEO to accounting irregularities, warning the organization “‘might implode in a wave of accounting scandals.” Watkins received national acclaim for her courageous actions and TIME magazine named her along with two others as their Persons of the Year in 2002, calling them simply ‘The Whistleblowers.’
Sarah Carver and Jennifer Griffith are the stars of Apple TV’s The Big Conn after they exposed a fraud scheme of more than $550 million while employed at the Social Security Administration. In efforts to silence their disclosures, they experienced multiple acts of severe retaliation and were denied protection. Ultimately, both Carver and Griffith were forced from employment.
Concerns of repercussions are vindicated – the survey reveals the extent to which financial professionals in the UK and US have witnessed negative consequences for whistleblowers firsthand:           
59% have seen whistleblowers subsequently left out of important decisions           33% have seen whistleblowers moved to a different team           32% have heard whistleblowers called derogatory names behind their backs or directly to their faceWhen asked what would encourage them to flag suspicious activity, 93% of workers surveyed would feel more comfortable doing so if they had more evidence, yet nearly half (48%) said the legal system simply does not adequately protect whistleblowers.
Jim Lucier, CEO at Medius, a leading global provider of cloud-based accounts payable automation and spend management solutions, said:
“White collar crime is on the rise and no organization is safe. Employees are the last line of defense against fraud but confidence to report suspicious activity is declining. AI anomaly-detection technology can provide employees with the evidence and assurances they need to be more forthcoming. Building a culture where employees feel comfortable to report their suspicions could save organizations millions in the long-run.”
Medius works with over 4,000 customers across 102 countries and processes $200 billion in annual spend. It uses the power of AI and automation to detect fraud the moment invoices are submitted safeguarding against bad actors and potential threats, internal and external.
Sherron Watkins, whistleblower who was called a “snitch”, said: “When someone is troubled by corporate wrongdoing and they attempt to sound the alarm, the pathway is uncharted, things happen organically. Normal rational people speak about their concerns with their closest friends and work colleagues, who often suggest staying safe saying “keep your head down, if you must report, go soft, nothing black and white.” Yet black and white evidence is what is needed to get the attention of those in power, either internally or with media or outside watchdog groups to prevent or stop fraudulent activity.”  
Jennifer Griffith, whistleblower who was called a “traitor”, said: “Choosing to blow the whistle involves more than just the desire to right a wrong.  It’s about protecting their employers from fraud. However, it’s more often than not seen as causing trouble for the employer, or as a self-serving action to get a financial reward. No one who chooses to blow the whistle expects to have their reputation attacked, their credibility impugned or to lose their job. The cost of ignoring a whistleblowers complaints are far greater than acknowledging that a problem exists and taking steps to fix it.  It’s been 19 years since I blew the whistle and the problems that existed then with the Social Security Administration still exist today. We must do more to protect whistleblowers.”
Sarah Carver, whistleblower who was called a “rat”, said: “The government’s attempt to conceal the fraud resulted in exacerbated damage, whereas a more prudent approach would have entailed immediate acknowledgement and rectification upon initial disclosure. The retaliatory measures aimed at silencing me made me stronger and fight harder to find someone to listen and stop the fraud.”
Georgina Hallford-Hall, CEO of Whistleblowers UK, said: “Too many organisations talk the talk but fail to engage with whistleblowers often at great cost to both. Technology used properly can remove the fear that both organisations and whistleblowers have about dealing with whistleblowing because it removes the person and focuses on the concerns or malfeasance. WhistleblowersUK are calling on the UK government to introduce an Independent Office of the Whistleblower to protect everyone from discrimination setting standards that end stigmatisation and discrimination making it safe to speak up.”
The billboard advertising campaign runs on Wall Street from Saturday, 18th May to Friday, 24th May 2024.
For more information about how Medius can prevent fraud, visit: https://www.medius.com/whistleblowing/
Notes to Editor
Methodology
The research was conducted by Censuswide with 1500 financial professionals in the UK and US (aged 18+) between 04/22/24 – 05/07/24. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council.
For more information, please contact: 
Fight or Flight for [email protected] / +44 330 133 0985
This information was brought to you by Cision http://news.cision.com
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