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E-Cigarette Industry to Surpass $39 Billion Revenue by 2030, Globally: P&S Intelligence

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The key reason behind the steady growth of the global e-cigarette market, at a 9.2% CAGR between 2020 and 2030, would be the easy availability of these products. At this rate, the revenue generated from the sale of such devices would rise to $39.0 billion by 2030, from $15.7 billion in 2019. Manufacturers are tying up with retail stores and grocery chains to promote their products at in-store hubs and dedicated kiosks, according to the market research report published by P&S Intelligence.

The e-cigarette market growth is being further buoyed by the setting up of special branded outlets by the manufacturers of these products. These stores attract a large number of users, who get the liberty to choose from a wide array of offerings here. These stores offer devices of numerous individual companies, which helps increase their popularity and sales.

Get the sample copy this report @ https://www.psmarketresearch.com/market-analysis/e-cigarette-market/report-sample

The COVID-19 crisis has led to slow growth in the e-cigarette market, as the lockdown initiated in several countries has resulted in a halt of sales. Additionally, China, which supplies more than 80% of the world’s e-cigarettes, has also been under intense lockdown, as it was the epicenter of the pandemic, thereby resulting in an extremely low supply.

In the coming years, the online division, under the distribution channel segment, is expected to witness the highest CAGR in the e-cigarette market, of 13.7%, in terms of revenue. This is ascribed to the strong focus of e-cigarette manufacturers to sell their products online, considering the rapid rise of the online shopping preference around the world. It takes a considerably low capital to promote and sell products via online channels, which are also a good place to engage with customers.

Browse report with detailed COVID-19 impact analysis on E-Cigarette Market Research Report: By Product (Cig-a-Like, Vaporizer, Vape Mod, T-Vapor), Gender (Male, Female), Age Group (16–24, 25–34, 35–44, 45–54, 55–65, 65+), Distribution channel (Vape Shop, Online, Hypermarket/Supermarket, Tobacconist) – Global Industry Analysis and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/e-cigarette-market

Europe is the largest e-cigarette market presently, on account of the extremely high popularity of such devices in RussiaFrance, and the U.K. Existing users of conventional cigarettes are switching to the electronic variant, as an effective way to quit tobacco consumption. In future, the fastest industry advance is predicted to be experienced by North America, in terms of value, because the region has a large number of smokers. In addition, with the youth increasingly purchasing these devices and people shifting to them from conventional variants, the market growth prospects in the region are quite good.

In an effort to outlast their competitors in the e-cigarette market, players are entering into mergers and acquisitions.

For instance, in December 2018, Altria Group Inc. paid $12.8 billion to acquire a 35% stake in JUUL Labs Inc. With this investment in one of the largest e-cigarette companies in the world, Altria Group Inc. aimed at enhancing its industry presence.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=e-cigarette-market

In addition, the tobacco business of Bangladesh-based Akij Group (Akij) was acquired by Japan Tobacco Inc. in August 2018. With this move, the latter company became one of the largest tobacco products company in the country, improved its position in emerging markets, and secured a channel for steady mid-to-long-term profit growth.

The most prominent companies in the global e-cigarette market include Altria Group Inc., British American Tobacco plc, Imperial Brands plc, Japan Tobacco Inc., JUUL Labs Inc., Philip Morris International plc, Turning Point Brands Inc., NJOY LLC, FIN Branding Group LLC, Vapor Hub International Inc., Shenzhen IVPS Technology Corporation Ltd., Shenzhen iSmoka Electronics Co. Ltd., Shenzhen Kanger Technology Co. Ltd., and Innokin Technology Co. Ltd.

Browse More Reports on E-Cigarette

South Africa E-Cigarette Market – https://www.psmarketresearch.com/market-analysis/south-africa-e-cigarette-market

U.K. E-Cigarette Market – https://www.psmarketresearch.com/market-analysis/uk-e-cigarette-market

Japan E-Cigarette Market – https://www.psmarketresearch.com/market-analysis/japan-e-cigarette-market

South Korea E-Cigarette Market – https://www.psmarketresearch.com/market-analysis/south-korea-e-cigarette-market

Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

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Homestyler to Recruit First Batch of Global Partners in 20 Countries

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MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

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