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Global Generative Design Market (2021 to 2026) – Growth, Trends, COVID-19 Impact and Forecasts

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Dublin, July 27, 2021 (GLOBE NEWSWIRE) — The “Generative Design Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The Generative Design Market is expected to register a CAGR of greater than 15% during the forecast period (2021 – 2026). The upcoming trend of designing toolset with machine learning capabilities contributes to the growth of the market studied. Significant investments made during 2019, aimed at empowering designers to reduce the number of errors, thereby saving considerable time are expected to produce results in the future.

Owing to the growing demand for advanced manufacturing with complex designs, and the need to reduce the size while improving the performance of automotive compels automotive manufacturers to increase their R&D investments and adopt generative designing.

Companies such as Airbus, Black & Decker, Under Armour, and other massive corporations embrace generative design as a trend molding the future of the engineering industry. It enables engineers to hand the reins off to their CAD software to naturally find the best solutions to a given set of constraints. It augments the engineer’s imagination.

Generative design is in an initial stage of development, which means that early users may come across specific challenges. For instance, precisely defining a design problem in computable terms, which generative design software has to solve, will include a steep learning curve. Engineers inexperienced with revealing the design problem as a set of parameters may end up with loosely defined structural restraints or loads, which will ultimately result in a failed design.

There are over 30,000 parts in an average car and creating all these pieces, then putting them together requires an incredibly complex supply chain and manufacturing capabilities. However, General Motors and the San Francisco-based software company Autodesk have a plan to upend how cars are designed, reducing the number of car parts that go into each car, while making cars both lighter and stronger.

Another point to consider with the generative design is that efficient designs cannot consistently be efficiently manufactured. For instance, in a Renishaw case study, engineers topologically optimized a suspension bell-crank. They didn’t, however, take into account the manufacturability of the optimized part. This resulted in a design that demanded a lot of supports to be printed, whereas a good practice is to design parts with as few supports needed as possible. Such instances are anticipated to lay a negative impact on the market.

Hpowever, generative design is being used to help address the risks related to COVID-19. For instance, Digital Blue Foam is developing a tool to help address the risks associated with the use and occupancy of interior spaces due to COVID-19. Covid Space Planner analyses factors such as total occupancy and proximity, airflow and ventilation, and the duration of activity in the space. Based on these factors, the tool applies Digital Blue Foam’s generative design capabilities to recommend spatial planning strategies, such as the location of entry points, work areas, furniture placement, and retrofits, to mitigate the risk.

Key Market Trends

Automotive To Hold Significant Share

  • The growing trend of lightweight vehicle product has generated demand for generative design technology. In 2019, Volkswagen Group unveiled a vintage VW Microbus, which is retrofitted with several reconceptualized components produced by generative design technology. VW is promoting this vehicle to highlight technologies they believe would be significant to the future of automotive design and manufacturing, particularly concerning electric vehicle production. Autodesk partnered with VW’s Innovation and Engineering Center, California (IECC) on this project to maximize its strength while minimizing its weight. The generative design was deployed to produce lighter-weight parts by reducing mass and material use while maintaining high-performance standards and engineering constraints.
  • Also, in January 2020, Electric vehicle company Arcimoto Inc announced that it is working with XponentialWorks and ParaMatters to design and additively manufacture lightweight components for its Fun Utility Vehicle (FUV). Deploying ParaMatters’ AI-powered generative design software, several elements are being redesigned in order to generate alternative parts that carry much of the same performance characteristics but at a lighter weight.
  • Weight reduction has become a critical concern for electric vehicle efficiency as the less an automobile weighs, the less energy is required to propel down the road. More efficient energy consumption equates to more excellent range per charge, which is one of the most important considerations for consumers when evaluating electric vehicles.
  • According to Autodesk, General Motors used generative design earlier in 2019, in a proof-of-concept project to develop a lightweight seat bracket prototype for its electric cars of the future. with such demand for lightweight parts in automobile, the demand for generative design is anticipated to increase significantly.

Europe to Witness Significant Growth Rate

  • The European automotive sector has risen to a significant position in the global industry. It has achieved record sales, and as a significant employer and a source of considerable grantmaking, it is an integral part of European society.
  • With the presence of several global automotive OEMs, Europe has the broad-scale implementation of 3D printing technology for design formulation and R&D applications in the automotive industry. Top automotive leaders, such as Mercedes, Audi, BMW, Jaguar, Land Rover, Volkswagen, and many others, have produced a potential space for 3D technology and printers in the European market. BMW Group has been deploying 3D printing technology over the past 25 years for designing various auto parts, and in 2018, it printed approximately 200,000 3D components, which was 42% higher as compared to the previous years.
  • In April 2019, AUDI AG, a German automaker, has implemented polymer-based 3D printing technology for its production line at the Bollinger Hofe plant, Germany. Such instances of adoption are high, owing to the enhanced capabilities of manufacturers and lessened dependency on the supply chain for critical components that may result in a breakdown. According to Sculpteo, a 3D printing company, the highest priorities for Europeans using 3D printing are stimulating product development and offering customized products and limited series.
  • Moreover, the region is witnessing growth in the sales of electric vehicles. Electric vehicle sales are rising in Europe as diesel vehicle sales continue a downward trend. Nearly 200,000 all-electric vehicles were sold in European Union from January to the end of September 2019, with 73,000 of those sold in the third quarter compared to just 32,000 in the same period the previous year. The increase in BEV registrations was most noticeable in Scandinavian countries such as Denmark, which saw a quadrupling of BEV sales, and Sweden and Finland, which saw a tripling followed by Poland, Belgium, and Greece. The further modifications in the electric vehicles, such as increasing the battery time, reducing the weight of the vehicle, would demand generative design software.
  • Apart from the automotive sector, the region is witnessing demand from the manufacturing industry. The increasing demand for additive manufacturing and 3D printing in the region is anticipated to augment the generative design market.
  • To help industrial manufacturers improve the skills of their workforce, the French government has entrusted AIF with establishing a reference system of additive manufacturing and training skills across the nation. Within this context, Cetim, in partnership with Cetim-Certec, its associated center, has already begun to develop a full training program dedicated to additive manufacturing, which covers the entire value chain.
  • Further, the significant outbreak of the COVID-19 in the region, affecting more than 120,000 people in the region, according to Worldometers as of June 2020, has significantly driven the market for 3D printing in the region. With the increase in demand for 3D printing, especially in the healthcare sector for manufacturing of the ventilators, the need for the generative design has been witnessing growth.

Competitive Landscape

The market for Generative Design appears to be moderately fragmented. The presence of several companies, including Altair Engineering Inc. and ANSYS Inc., makes the competitive environment quite intense. Factors such as the growing demand from the automotive industry and the availability of trial or free version of the generative design will provide considerable growth opportunities to the generative design manufacturers. The major companies covered in this report are Autodesk Inc., Dassault Systemes SE, and Desktop Metal Inc.

  • April 2020- Autodesk Inc. announced to acquire a minority stake in Aurigo Software, a Bengaluru-based venture that provides cloud-based software to plan, build, and maintain capital assets and infrastructure projects. The merger would be able to provide infrastructure project owners with single end-to-end technology platform for design, procurement, and operations of infrastructure.
  • August 2020 – Architecture firm Antonio Citterio Patricia Viel has launched ACPVLab, which is a research and development unit that will focus on using generative design to develop bespoke interiors. ACPVLab has developed a “handcrafted” computer script that will allow architects and interior designers to explore thousands of different layout permutations instantly.
  • May 2020 – Australian property intelligence platform Archistar, which combines architectural design with artificial intelligence to inform decision-making in property, has closed a USD 6 million Series A funding round led by AirTree to accelerate its international growth and expand its product and engineering team.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Key Topics Covered:

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing demand for Advanced Technologies to Drive Product Innovation and Production Efficiency
4.3 Market Restraints
4.3.1 Complexity in Using Generative Design Software
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Industry Stakeholder Analysis
4.6 Impact of COVID-19 on the Industry Ecosystem

5 MARKET SEGMENTATION
5.1 Deployment
5.1.1 On-premise
5.1.2 Cloud
5.2 End User Vertical
5.2.1 Automotive
5.2.2 Aerospace and Defense
5.2.3 Architecture and Construction
5.2.4 Industrial Manufacturing
5.2.5 Other End User Verticals
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Rest of the World

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Altair Engineering Inc.
6.1.2 Bentley Systems, Inc.
6.1.3 Autodesk Inc.
6.1.4 ANSYS inc.
6.1.5 Desktop Metal Inc.
6.1.6 Dassault Systemes SE
6.1.7 MSC Software Corporation (Hexagon AB)
6.1.8 nTopology, Inc.
6.1.9 Paramatters
6.1.10 Diabatix
6.1.11 Caracol AM

7 INVESTMENT ANALYSIS

8 FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/bnf063


Konica Minolta MFPs Exceed Industry Standards for Cybersecurity Compliance

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Ramsey, NJ, July 27, 2021 (GLOBE NEWSWIRE) — Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta) today announced results from penetration testing on its bizhub i-Series multifunction printers, conducted to ensure the product line is compliant with the highest data privacy and endpoint security standards. The bizhub i-Series features multiple next-generation technologies, including solid-state storage, a new code base, firmware and integrated cloud services. No vulnerabilities were found during recent tests performed on the devices by NTT DATA, an internationally respected IT services provider, and the Security division of NTT Ltd.

Network-connected devices offer end users tremendous opportunities for collaboration and ease of use. Unfortunately, those same endpoint devices are attractive targets for hackers. By exploiting a security vulnerability in a connected device, a skilled hacker can expose an entire network to data theft, business disruption and financial turmoil.

Konica Minolta puts their products through rigorous internal cybersecurity tests to protect their systems and ensure they meet PCI, HIPAA, FERPA and GDPR compliance requirements. But to further assure customers that the printers exceed industry standards for cybersecurity compliance, Konica Minolta invested in an extra layer of threat protection — penetration tests provided by NTT DATA and the Security division of NTT Ltd.

Konica Minolta provided a line of its multifunction printers and their source code to NTT DATA for penetration testing. After spending approximately 80 hours trying to hack into the devices, NTT DATA engineers did not find any major security vulnerabilities. These results fortify Konica Minolta’s reputation for offering secure products and helps drive the product line’s success.

“More and more frequently, our clients are asking us for penetration tests of our products, but I don’t know of a competitor that has contracted a Fortune 500 company with the penetration testing capabilities that NTT DATA has,” said Chris Bilello, Vice President, Solutions and Vertical Market Business Development, Konica Minolta. “In an environment where customers are increasingly and rightfully concerned with security, NTT DATA’s extra testing can provide an added sense of confidence.”

Visit Konica Minolta online to read the full report or watch a short video about its efforts to protect its systems from vulnerabilities.

About Konica Minolta

Konica Minolta Business Solutions U.S.A., Inc. is reshaping and revolutionizing the Workplace of the Future™. The company guides and supports its customers’ digital transformation through its expansive office technology portfolio, including IT Services (All Covered), content services, managed print services and industrial and commercial print solutions. Konica Minolta has been included on CRN’s MSP 500 list nine times and The World Technology Awards recently named the company a finalist in the IT Software category. Konica Minolta has been recognized as the #1 Brand for Customer Loyalty in the MFP Office Copier Market by Brand Keys for fourteen consecutive years, and received Keypoint Intelligence’s BLI 2021 A3 Line of The Year Award and BLI 2021-2023 Most Color Consistent A3 Brand Award for its bizhub i-Series. Konica Minolta, Inc. has been named to the Dow Jones Sustainability World Index for nine consecutive years and has spent four years on the Global 100 Most Sustainable Corporations in the World list. Konica Minolta partners with its clients to give shape to ideas and works to bring value to our society. For more information, please visit us online and follow Konica Minolta on FacebookYouTubeLinkedIn and Twitter.

About NTT DATA 

NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services. We help clients transform through consulting, industry solutions, business process services, digital & IT modernization and managed services. NTT DATA enables them, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries around the globe. Visit us at nttdata.com. 

About Security and NTT Ltd.

Security is a division of NTT Ltd. We help clients create a digital business that’s secure by design. With unsurpassed threat intelligence, we help you predict, detect and respond to cyberthreats, while supporting business innovation and managing risk. We have a global network of SOCs, seven R&D centers, over 2,000 security experts, and handle hundreds of thousands of security incidents annually across six continents. We’re also a leading advisor for application security with a comprehensive platform powered by artificial and human intelligence. The Security division ensures that resources are used effectively by delivering the right mix of Managed Security Services, Security Consulting Services and security technology.

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Global Customer Relationship Management (CRM) Software Market to Reach US$41.7 Billion by the Year 2027

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New York, July 27, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Customer Relationship Management (CRM) Software Industry” – https://www.reportlinker.com/p01921270/?utm_source=GNW
2 Billion in the year 2020, is projected to reach a revised size of US$41.7 Billion by 2027, growing at a CAGR of 5.7% over the period 2020-2027.SMEs, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$31.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Large Enterprises segment is readjusted to a revised 4% CAGR for the next 7-year period. This segment currently accounts for a 28.4% share of the global Customer Relationship Management (CRM) Software market.

The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 9.4% CAGR for the Period of 2020-2027

The Customer Relationship Management (CRM) Software market in the U.S. is estimated at US$7.6 Billion in the year 2020. The country currently accounts for a 26.93% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$9.2 Billion in the year 2027 trailing a CAGR of 9.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$9.2 Billion by the year 2027.

Select Competitors (Total 74 Featured)

  • Adobe Inc.
  • AMDOCS Ltd.
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Infor
  • Microsoft Corporation
  • NetSuite, Inc.
  • NICE Ltd.
  • Oracle Corporation
  • Salesforce.com, Inc.
  • SAP SE
  • SAS Institute, Inc.
  • SugarCRM, Inc.
  • Synnex Corporaiton
  • The Sage Group Plc
  • Verint Systems, Inc.
  • Zoho Corporation Pvt., Ltd.

Read the full report: https://www.reportlinker.com/p01921270/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
An Introduction to Customer Relationship Management (CRM)
Evolution of CRM
Types of CRM
Operational CRM
Collaborative CRM
Analytical CRM
Strategic CRM
Deployment Options in CRM
On-Premise CRM
Software-as-a-Service (SaaS) CRM
Benefits of CRM Strategy
Disadvantages of CRM Implementations
CRM Application in Select End-Use Sectors
CRM Ecosystem
CRM Emerges as an Effective Approach to Create and Maintain
Strong Customer Relations
CRM Software: The Key Enabler of Efficient CRM Strategy
Customer-Centric Operations Drives Increased Spending on CRM
Software
Developed Regions Lead, Developing Economies Poised for Strong
Future Growth

2. FOCUS ON SELECT PLAYERS
Acoustic L.P. (USA)
Adobe Systems Incorporated (USA)
Concentrix Corporation (USA)
Huawei Technologies Co., Ltd. (China)
Infor Global Solutions, Inc. (USA)
Microsoft Corporation (USA)
NICE Ltd. (Israel)
Oracle Corporation (USA)
Pegasystems, Inc. (USA)
Salesforce.com, Inc. (USA)
SAP SE (Germany)
SAS Institute Inc. (USA)
SugarCRM (USA)
The Sage Group Plc (UK)
Verint Systems, Inc. (USA)
Zendesk, Inc. (USA)
Zoho Corporation Pvt. Ltd. (India)

3. MARKET TRENDS & DRIVERS
Traditional CRM Software Gives Way to New Age Software Solutions
CRM Trends Set to Drive Innovations in the CRM Software Market
Artificial Intelligence (AI)
Advancements in Process Automation
Data Integration
Blockchain
Internet of Things (IoT)
Hyper Individualization
AI and Machine Learning Poised to Transform CRM Software
Marketspace
IoT & Blockchain, the Two Key Game Changer Technologies for CRM
Growing Role of Big Data in CRM
Social CRM: The Next Sought After Functionality in CRM Software
Market
EXHIBIT 1: Social Media Penetration Worldwide: % of Active
Monthly Users Compared to Total Population for 2019
EXHIBIT 2: Social Media Users Penetration (in %) by Generation
Mobile CRM Continues to Gain Momentum
Rising Adoption of Mobile Devices and Developments in Mobile
Internet Fuels Take Mobile CRM Software Market
EXHIBIT 3: Smartphone Users as % of Global Population for the
Period 2018-2022
EXHIBIT 4: Worldwide Shipments of Laptops and Tablet PCs
(in Million Units) for the Years 2019, 2021 and 2023
Customer Service and Support Continues to Lead the Global CRM
Software Market
EXHIBIT 5: Rising Significance of Customer Experience for
Businesses: % of Businesses Prioritizing Customer Experience
Marketing: The High Growth Application Market for CRM Software
EXHIBIT 6: Email Marketing Emerges as a Preferred Marketing
Tool: % of Companies Looking to Increase Spending on Marketing
Programs
Cloud Technology Optimally Positioned to Deliver CRM Software
On-Demand
Cloud-based SaaS CRM: Playing a Vital Part in Enabling Low-Cost
CRM Strategy
CRM Technology Advancements Present Tremendous Potential to
Improve Business Operations
Sales Force Automation Software: The Traditional Revenue
Contributor
Rising Prominence of CRM Software for E-Commerce Businesses
EXHIBIT 7: Global B2C E-Commerce Sales in US$ Trillion for the
Years 2017, 2019, 2021 and 2023
EXHIBIT 8: Global E-Commerce Market as a % of Retail Sales for
the Period 2017-2023
Top CRM Software for E-Commerce Sector: 2018
CRM Software Gains Prominence in Life Sciences Sector
Pharmaceutical CRM: Increasing Number of Pharma Companies Drive
Growth
Healthcare CRM Market Poised for Growth
SMEs: The Most Lucrative Consumer Cluster for SaaS CRM
CRM Outsourcing Essential for Large-Scale Client Management Needs
CRM Analytics Help Organizations Make Faster Decisions
Banking & Financial Services Enterprises Prioritize CRM Adoption
Insurance Agencies Seek CRM Capability for Effective Collaboration
Retail Sector Drives Significant Gains in the CRM Market
Key Issues & Challenges Confronting CRM Software Market

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Customer
Relationship Management (CRM) Software by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Customer Relationship
Management (CRM) Software by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Customer Relationship
Management (CRM) Software by Geographic Region – Percentage
Breakdown of Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets for
Years 2012, 2020 & 2027

Table 4: World Current & Future Analysis for SMEs by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR

Table 5: World Historic Review for SMEs by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for SMEs by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 7: World Current & Future Analysis for Large Enterprises
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Large Enterprises by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Large Enterprises by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 10: World Current & Future Analysis for Cloud by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Cloud by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 12: World 15-Year Perspective for Cloud by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 13: World Current & Future Analysis for On Premise by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for On Premise by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 15: World 15-Year Perspective for On Premise by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 16: World Current & Future Analysis for Sales by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Sales by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 18: World 15-Year Perspective for Sales by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 19: World Current & Future Analysis for Marketing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 20: World Historic Review for Marketing by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 21: World 15-Year Perspective for Marketing by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027

Table 22: World Current & Future Analysis for Manufacturing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 23: World Historic Review for Manufacturing by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 24: World 15-Year Perspective for Manufacturing by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 25: World Current & Future Analysis for Customer Service
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 26: World Historic Review for Customer Service by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 27: World 15-Year Perspective for Customer Service by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 28: World Current & Future Analysis for Social Networking
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 29: World Historic Review for Social Networking by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 30: World 15-Year Perspective for Social Networking by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 31: World Current & Future Analysis for Supply Chain by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 32: World Historic Review for Supply Chain by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 33: World 15-Year Perspective for Supply Chain by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 34: World Current & Future Analysis for Distribution by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 35: World Historic Review for Distribution by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 36: World 15-Year Perspective for Distribution by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

Table 37: World Current & Future Analysis for Other
Applications by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 38: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 39: World 15-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Mobile CRM Continues to Make Healthy Gains
US Real Estate Enterprises Prefer CRM
CRM Software Comes Handy to Treatment Centers
Table 40: USA Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 41: USA Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 42: USA 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage
Breakdown of Value Sales for SMEs and Large Enterprises for the
Years 2012, 2020 & 2027

Table 43: USA Current & Future Analysis for Customer
Relationship Management (CRM) Software by Deployment – Cloud
and On Premise – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 44: USA Historic Review for Customer Relationship
Management (CRM) Software by Deployment – Cloud and On Premise
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 45: USA 15-Year Perspective for Customer Relationship
Management (CRM) Software by Deployment – Percentage Breakdown
of Value Sales for Cloud and On Premise for the Years 2012,
2020 & 2027

Table 46: USA Current & Future Analysis for Customer
Relationship Management (CRM) Software by Application – Sales,
Marketing, Manufacturing, Customer Service, Social Networking,
Supply Chain, Distribution and Other Applications – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 47: USA Historic Review for Customer Relationship
Management (CRM) Software by Application – Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 48: USA 15-Year Perspective for Customer Relationship
Management (CRM) Software by Application – Percentage Breakdown
of Value Sales for Sales, Marketing, Manufacturing, Customer
Service, Social Networking, Supply Chain, Distribution and
Other Applications for the Years 2012, 2020 & 2027

CANADA
Table 49: Canada Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 50: Canada Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 51: Canada 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage
Breakdown of Value Sales for SMEs and Large Enterprises for the
Years 2012, 2020 & 2027

Table 52: Canada Current & Future Analysis for Customer
Relationship Management (CRM) Software by Deployment – Cloud
and On Premise – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 53: Canada Historic Review for Customer Relationship
Management (CRM) Software by Deployment – Cloud and On Premise
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 54: Canada 15-Year Perspective for Customer Relationship
Management (CRM) Software by Deployment – Percentage Breakdown
of Value Sales for Cloud and On Premise for the Years 2012,
2020 & 2027

Table 55: Canada Current & Future Analysis for Customer
Relationship Management (CRM) Software by Application – Sales,
Marketing, Manufacturing, Customer Service, Social Networking,
Supply Chain, Distribution and Other Applications – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 56: Canada Historic Review for Customer Relationship
Management (CRM) Software by Application – Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 57: Canada 15-Year Perspective for Customer Relationship
Management (CRM) Software by Application – Percentage Breakdown
of Value Sales for Sales, Marketing, Manufacturing, Customer
Service, Social Networking, Supply Chain, Distribution and
Other Applications for the Years 2012, 2020 & 2027

JAPAN
Table 58: Japan Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 59: Japan Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 60: Japan 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage
Breakdown of Value Sales for SMEs and Large Enterprises for the
Years 2012, 2020 & 2027

Table 61: Japan Current & Future Analysis for Customer
Relationship Management (CRM) Software by Deployment – Cloud
and On Premise – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 62: Japan Historic Review for Customer Relationship
Management (CRM) Software by Deployment – Cloud and On Premise
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 63: Japan 15-Year Perspective for Customer Relationship
Management (CRM) Software by Deployment – Percentage Breakdown
of Value Sales for Cloud and On Premise for the Years 2012,
2020 & 2027

Table 64: Japan Current & Future Analysis for Customer
Relationship Management (CRM) Software by Application – Sales,
Marketing, Manufacturing, Customer Service, Social Networking,
Supply Chain, Distribution and Other Applications – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 65: Japan Historic Review for Customer Relationship
Management (CRM) Software by Application – Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 66: Japan 15-Year Perspective for Customer Relationship
Management (CRM) Software by Application – Percentage Breakdown
of Value Sales for Sales, Marketing, Manufacturing, Customer
Service, Social Networking, Supply Chain, Distribution and
Other Applications for the Years 2012, 2020 & 2027

CHINA
Table 67: China Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 68: China Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 69: China 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage
Breakdown of Value Sales for SMEs and Large Enterprises for the
Years 2012, 2020 & 2027

Table 70: China Current & Future Analysis for Customer
Relationship Management (CRM) Software by Deployment – Cloud
and On Premise – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 71: China Historic Review for Customer Relationship
Management (CRM) Software by Deployment – Cloud and On Premise
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 72: China 15-Year Perspective for Customer Relationship
Management (CRM) Software by Deployment – Percentage Breakdown
of Value Sales for Cloud and On Premise for the Years 2012,
2020 & 2027

Table 73: China Current & Future Analysis for Customer
Relationship Management (CRM) Software by Application – Sales,
Marketing, Manufacturing, Customer Service, Social Networking,
Supply Chain, Distribution and Other Applications – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 74: China Historic Review for Customer Relationship
Management (CRM) Software by Application – Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 75: China 15-Year Perspective for Customer Relationship
Management (CRM) Software by Application – Percentage Breakdown
of Value Sales for Sales, Marketing, Manufacturing, Customer
Service, Social Networking, Supply Chain, Distribution and
Other Applications for the Years 2012, 2020 & 2027

EUROPE
Table 76: Europe Current & Future Analysis for Customer
Relationship Management (CRM) Software by Geographic Region –
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 77: Europe Historic Review for Customer Relationship
Management (CRM) Software by Geographic Region – France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 78: Europe 15-Year Perspective for Customer Relationship
Management (CRM) Software by Geographic Region – Percentage
Breakdown of Value Sales for France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets for Years 2012, 2020 & 2027

Table 79: Europe Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 80: Europe Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 81: Europe 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage
Breakdown of Value Sales for SMEs and Large Enterprises for the
Years 2012, 2020 & 2027

Table 82: Europe Current & Future Analysis for Customer
Relationship Management (CRM) Software by Deployment – Cloud
and On Premise – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 83: Europe Historic Review for Customer Relationship
Management (CRM) Software by Deployment – Cloud and On Premise
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 84: Europe 15-Year Perspective for Customer Relationship
Management (CRM) Software by Deployment – Percentage Breakdown
of Value Sales for Cloud and On Premise for the Years 2012,
2020 & 2027

Table 85: Europe Current & Future Analysis for Customer
Relationship Management (CRM) Software by Application – Sales,
Marketing, Manufacturing, Customer Service, Social Networking,
Supply Chain, Distribution and Other Applications – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 86: Europe Historic Review for Customer Relationship
Management (CRM) Software by Application – Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 87: Europe 15-Year Perspective for Customer Relationship
Management (CRM) Software by Application – Percentage Breakdown
of Value Sales for Sales, Marketing, Manufacturing, Customer
Service, Social Networking, Supply Chain, Distribution and
Other Applications for the Years 2012, 2020 & 2027

FRANCE
Table 88: France Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 89: France Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 90: France 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage
Breakdown of Value Sales for SMEs and Large Enterprises for the
Years 2012, 2020 & 2027

Table 91: France Current & Future Analysis for Customer
Relationship Management (CRM) Software by Deployment – Cloud
and On Premise – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 92: France Historic Review for Customer Relationship
Management (CRM) Software by Deployment – Cloud and On Premise
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 93: France 15-Year Perspective for Customer Relationship
Management (CRM) Software by Deployment – Percentage Breakdown
of Value Sales for Cloud and On Premise for the Years 2012,
2020 & 2027

Table 94: France Current & Future Analysis for Customer
Relationship Management (CRM) Software by Application – Sales,
Marketing, Manufacturing, Customer Service, Social Networking,
Supply Chain, Distribution and Other Applications – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 95: France Historic Review for Customer Relationship
Management (CRM) Software by Application – Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 96: France 15-Year Perspective for Customer Relationship
Management (CRM) Software by Application – Percentage Breakdown
of Value Sales for Sales, Marketing, Manufacturing, Customer
Service, Social Networking, Supply Chain, Distribution and
Other Applications for the Years 2012, 2020 & 2027

GERMANY
Table 97: Germany Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 98: Germany Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 99: Germany 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage
Breakdown of Value Sales for SMEs and Large Enterprises for the
Years 2012, 2020 & 2027

Table 100: Germany Current & Future Analysis for Customer
Relationship Management (CRM) Software by Deployment – Cloud
and On Premise – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 101: Germany Historic Review for Customer Relationship
Management (CRM) Software by Deployment – Cloud and On Premise
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2012 through 2019 and % CAGR

Table 102: Germany 15-Year Perspective for Customer
Relationship Management (CRM) Software by Deployment –
Percentage Breakdown of Value Sales for Cloud and On Premise
for the Years 2012, 2020 & 2027

Table 103: Germany Current & Future Analysis for Customer
Relationship Management (CRM) Software by Application – Sales,
Marketing, Manufacturing, Customer Service, Social Networking,
Supply Chain, Distribution and Other Applications – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR

Table 104: Germany Historic Review for Customer Relationship
Management (CRM) Software by Application – Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 105: Germany 15-Year Perspective for Customer
Relationship Management (CRM) Software by Application –
Percentage Breakdown of Value Sales for Sales, Marketing,
Manufacturing, Customer Service, Social Networking, Supply
Chain, Distribution and Other Applications for the Years 2012,
2020 & 2027

ITALY
Table 106: Italy Current & Future Analysis for Customer
Relationship Management (CRM) Software by Organization Size –
SMEs and Large Enterprises – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 107: Italy Historic Review for Customer Relationship
Management (CRM) Software by Organization Size – SMEs and Large
Enterprises Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 108: Italy 15-Year Perspective for Customer Relationship
Management (CRM) Software by Organization Size – Percentage

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WealthIntel, Inc., And Expert.ai S.P.A. Sign A Strategic Partnership Agreement To Formulate New Advanced Intelligence For Commerce.

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LAS VEGAS, July 27, 2021 (GLOBE NEWSWIRE) — WealthIntel and Expert.ai, announce a Strategic Partnership Agreement, whereby WealthIntel’s exclusive and proprietary artificial Intelligence (The “PDCI”) and Expert.ai’s Cogito will be brought together to facilitate groundbreaking innovations in natural language and text analytics required and spawned by the PDCI.

The initial focus areas of this Strategic Partnership include using Expert.ai’s Cogito licenses. Working with Cogito, WealthIntel is able to accelerate the development and maximize certain disruptive proprietary aspects of its PDCI specifically as it relates to text analytics and natural language.

The Partnership provides great synergistic advantages and creates the basis of a potential long-term collaboration.

“Our Strategic Partnership Agreement with Expert.ai is another step in our commitment to pioneering upheaval and we are excited about the potential of this relationship,” said Fabrizio Boccardi, CEO of WealthIntel, adding “WealthIntel is a future-focused business and Expert.ai enables us not just to enhance more efficiently and rapidly certain aspects of our PDCI, but also hastens our journey towards forging the commerce of the future.”

WealthIntel, Inc. is a United States growth-stage technology company that creates, designs, develops, and licenses high-tech systems, methods, tools, and applications, focused on providing new means of commerce and communication via groundbreaking products and services for consumers, businesses, industries, governments and financial institutions.

About Expert.ai
Expert.ai (EXAI: IM) is the premier artificial intelligence platform for language understanding. Its unique approach to hybrid natural language combines symbolic human-like comprehension and machine learning to extract useful knowledge and insight from unstructured data to improve decision making. With a full range of on-premises, private and public cloud offerings, Expert.ai enhances business operations, accelerates and scales natural language data science capabilities while simplifying AI adoption across a vast range of industries, including insurance, banking & finance, publishing & media, defense & intelligence, life science & pharma, and oil, gas & energy. Expert.ai has cemented itself at the forefront of natural language solutions and serves global businesses such as AXA XL, Zurich Insurance Group, Generali, The Associated Press, Bloomberg INDG, BNP Paribas, Rabobank, Gannett, and EBSCO.

For more information, visit https://www.expert.ai.


Global X-ray Detectors Market to Garner $7,426.5 Million in the 2021-2028 Timeframe, Growing at a CAGR of 4.60% – Exclusive Report [194 Pages] By Research Dive

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New York, USA, July 27, 2021 (GLOBE NEWSWIRE) — According to a report published by Research Dive, the global x-ray detectors market is anticipated to garner $7,426.5 million in the 2021-2028 timeframe, increasing from $5,222.6 million in 2020 at a healthy CAGR of 4.60%. The extensive report puts forth a summary of the present market scenario, including other aspects such as growth and restricting factors, industry dynamics, challenges, and opportunities during and post pandemic period. The report also offers industry statistics which makes it easier and more beneficial for the new participants to comprehend the present market.

COVID-19 Impact Analysis

Despite the fact that the novel coronavirus pandemic had a severe effect on various businesses, the x-ray detectors market has witnessed massive growth during this time due to their use in diagnostic imaging centers. Furthermore, doctors are employing chest x-rays to treat individuals who are at a higher risk of disease development during the pandemic. As a result, the importance of x-ray detectors has increased dramatically. This is anticipated to propel the growth of the market.

For More Detail Insights, Download Free Sample Copy of the Report at: https://www.researchdive.com/download-sample/1572

In addition, several studies are being conducted during the pandemic to assist society in recovering from the chaotic situation through strategic plans and steps. For example, in September 2020, Louisiana State University Health Sciences Center New Orleans announced that they had conducted a study on approximately 400 people to study the effects of COVID-19. They evaluated RT-PCR and chest x-rays and discovered that during the pandemic, chest x-rays were 96.6 percent accurate for SARS-CoV-2. The aforementioned factors indicate that the pandemic is predicted to create significant investment opportunities in the market in the coming years.

Market Dynamics

The global x-ray detectors market is expanding rapidly owing to an increase in the use of x-ray detectors for orthopedic and other disorders. X-ray detectors are frequently used by orthopedic doctors to obtain clear images in order to understand the ailment or injury. Furthermore, according to a research article by Dominic Carreira, MD, X-ray imaging plays a critical function in orthopedic examinations in determining disease diagnoses for their patients, thereby driving the adoption of x-ray detectors.

The Global X-ray Detectors Market to Experience a Boost Owing to Increasing Incidences of Lung Diseases in People

The introduction of x-ray detectors in industrial applications has already prompted market players to develop new marketing tactics to attract clients. In May 2019, Varex, a major competitor in the x-ray inspection business, announced the launch of two new x-ray detectors, the 3020DXV-I and 3030DXV-I. They are built in such a way that they may provide application inspection services and industries. These types of activities from market leaders are expected to fuel the growth of the market in the analysis period.

The high cost of x-ray detectors is expected to limit the growth of the market during the forecast period. Furthermore, prolonged x-ray exposure can result in a variety of side effects such as hair loss, bleeding, vomiting, and fainting. As a result, such factors are predicted to have a negative impact on market growth during the forecast period.

The report has segmented the market based on type, application, and regional analysis.

Computed Radiography Type Sub-segment is Projected to be the Most Lucrative

In the type segment, the computed radiography type sub-segment of the global x-ray detectors market is estimated to be most lucrative and surpass $2,115.10 million by 2028. Instead of using traditional photographic film, computed radiography uses a flexible phosphor Imaging Plate (IP) to capture digital illnesses. Furthermore, computed radiography provides a safer working environment, a simpler workflow, and is a chemical-free technique. All of these factors are expected to benefit computed radiography x-ray detectors, and eventually boost the growth of the market.

Medical Application Sub-segment is Anticipated to be the Most Profitable

In the application segment, the medical application sub-segment of the global x-ray detectors market is predicted to be the most profitable and garner $3,045.90 million by 2028. The growth of the market can be mainly attributed to the increased number of people with various ailments, such as cardiovascular disease, oncology, and other disorders. Furthermore, x-rays are commonly used to diagnose a variety of diseases, including an enlarged heart, breast tumors, bone cancer, fractures, lung ailments, digestive issues, and blocked blood arteries. All of these factors are anticipated to drive up demand for retail stores and eventually boost the growth of the market.

Connect with Our Analyst to Contextualize Our Insights for Your Business: https://www.researchdive.com/connect-to-analyst/1572

Asia-Pacific Region is Estimated to be the Most Dominant

Asia-Pacific region held a prominent position in the x-ray detectors market in 2020 and it is expected to grow at a CAGR of 5.40%, during the analysis period. This growth can be majorly attributed to an increase in the number of individuals in Asian countries such as China, India, and Japan suffering from various ailments such as cardiovascular disease, cancer, and pneumonia. Furthermore, increased medical tourism and healthcare spending are expected to boost the Asia-Pacific x-ray detectors market in the analysis period.

Key Players and Business Strategies

The report enlists the most significant players of the global x-ray detectors market such as –

  1. Orvee Medical Solutions
  2. Siemens AG
  3. Trixell
  4. Koninklijke Philips N.V
  5. Varex Imaging Nederland B.V.
  6. General Electric
  7. Thales Group
  8. Rayence Inc.
  9. Carestream Health, Inc.
  10. Toshiba

For instance, in July 2021, VUNO Inc., a South Korean artificial intelligence (AI) developer, announced a collaboration with Samsung Electronics Co., Ltd., a global medical device company, to integrate its AI-powered chest X-ray diagnostic solution, VUNO Med-Chest X-ray, into Samsung’s premium mobile digital X-ray system, GM85.

These industry players are focusing on developing several strategies such as mergers and acquisitions, partnerships, and product launches to promote to the expansion of the market.

The report also discusses the other important aspects of the market including SWOT analysis, financial performance of the key players, product portfolio and recent strategic developments.

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Access Softek and ENACOMM Sign Referral Deal

0

Companies Enter Mutual Agreement to Refer Customers to One Another for Digital Banking and Voice Solutions

Berkeley, CA and Tulsa, OK, July 27, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Access Softek, an omnichannel digital banking provider, recently announced a referral agreement with ENACOMM, a fintech enablement company that empowers banks, credit unions and credit card companies with affordable, data-driven solutions for improving the customer experience (CX), fighting financial fraud, and increasing operational efficiency.

Through this agreement, ENACOMM will refer its bank and credit union customers to Access Softek’s entire digital banking suite, which includes online and mobile banking, fraud prevention, video chat, wealth management and biometric authentication solutions. In the same way, Access Softek will refer its banks and credit unions to ENACOMM’s next-generation voice solutions for customer self-service, including intelligent interactive voice response (IVR) and conversational voice banking.

“Technology is more important than ever for financial services companies to quickly meet customers’ needs, without requiring them to jump through hoops. Financial institution customers need reliable self-service options that span every interaction channel, from phone to the web,” said Michael Boukadakis, Founder and CEO at ENACOMM. “Working with Access Softek, we can give banks and credit unions a comprehensive set of solutions that help them provide a frictionless customer experience, no matter which channel they use.”

According to Research and Markets, the global IVR systems market is expected to reach $6.1 billion by 2027. As IVR maintains its crucial role in customer service and the importance of digital banking capabilities continues to grow, this agreement will be critical in providing banks and credit unions with all the tools they need to be successful.

“The customer experience is everything for banks and credit unions. Consumers today expect nothing less than the best,” said Chris Doner, founder and CEO of Access Softek. “Through this partnership, financial institutions can ensure their customer experience is exceeding today’s consumers’ expectations, no matter if they choose to call in or log in.”

About ENACOMM

ENACOMM is a FinTech provider of an open API digital gateway that supports open banking and enables financial services companies to innovate by overcoming the complexities of integrating to core, payments, and other digital platforms. Its affordable solutions modernize the customer experience (CX) for bank customers and credit union members, rivaling the customer service technologies offered by the biggest financial institutions with the deepest pockets. ENACOMM also provides tools and products to help track fraudsters, identify fraudulent activity across customer interaction channels, and prevent fraud.

Utilizing web, mobile, real-time alerts, SMS texts, email, voice, chatbots and other communication technology channels including digital voice assistants that enable Conversational Voice Banking, ENACOMM harnesses artificial intelligence, big data, biometrics and more to help organizations provide customers and members with a best-in-class, omnichannel self-service experience that is convenient, secure, and user-friendly. A frontrunner in self-service technologies including intelligent, personalized interactive voice response (IVR) for over three decades, the company’s customer base ranges from credit unions and community banks to the largest financial institutions in the United States. Offering financial institutions intelligent interactions and user authentication technologies as hosted services or on-demand through the “cloud,” ENACOMM was named a “Top 10 Retail Banking Solution Provider” by Banking CIO Outlook magazine. ENACOMM processes more than 1,000,000 customer interactions and automated data transactions every day.

For more information, go to www.enacomm.net and follow ENACOMM on Twitter (@ENACOMM) and LinkedIn.

About Access Softek, Inc.    

Access Softek sets the standard for the omnichannel digital banking landscape, having developed the first downloadable apps for mobile banking. Since that time, Access Softek has extended its track record of innovation to online banking, biometric authentication, real-time fraud prevention, and automated investing integrated directly into a financial institution’s digital banking platform, among many other innovative products. Now in its 35th year, Access Softek has delivered industry firsts to over 400 bank and credit union clients from its Berkeley, California headquarters. Learn more at AccessSoftek.com

Access Softek Media Contact:   

Gracie Gay 

William Mills Agency   

gracie@williammills.com    

678-781-7221 

ENACOMM Media Contact:

Lauren DuBois

LaurenD@enacomm.net

917-573-2485

Access SoftekContact:   

Sharon Carnaghi   

VP of Marketing    

scarnaghi@accesssoftek.com 

331-223-2709

Global Life Science Analytics Software Market Expected to Generate a Revenue of $13,375.8 Million by 2028, Growing at a CAGR of 12.4% from 2021 to 2028 – Exclusive Report [267 Pages] By Research Dive

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New York, USA, July 27, 2021 (GLOBE NEWSWIRE) — The global life science analytics software market is estimated to generate a revenue of $13,375.8 million, growing at a CAGR of 12.4% during the forecast period (2021-2028), increasing from $5,331.9 million back in 2020. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints, and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.

Dynamics of the Market

Drivers: Artificial Intelligence is extensively used around the word due to the reliability and accuracy of the data it provides. In addition, AI reduces a great deal of healthcare expenses with a level of ease in the drug development processes. These factors are expected to surge the growth of the global life science analytics software market.

For More Detail Insights, Download Free Sample Copy of the Report at: https://www.researchdive.com/download-sample/8419

Restraints: Extortionate price of implementing life science analytics software and lack of advanced infrastructure in under-developed countries are the major factors that are anticipated to impede the growth of the global life science analytics software market.

Opportunities: Technological advancements in AI centric life science analytics software are expected to expected to create a massive demand, leading to the growth of market.

Segments of the Market

The report has divided the market into different segments based on product, application, delivery model, end user, and regional outlook.

Product: Descriptive Analytics Sub-segment to be Most Lucrative

The descriptive analytics sub-segment is expected to generate a revenue of $5,354.7 million during the forecast period. Descriptive analytics significantly helps in collecting, analyzing, and providing data of paramount importance in a systematic manner. Thus, the sub-segment is anticipated grow exponentially.

Application: Sales and Marketing Support Sub-segment to be Most Profitable

The sales and marketing support sub-segment in expected to garner a revenue of $4,408.9 million during the forecast period, increasing from $1,784.0 million back in 2020. Increasing reliance on post-marketing analysis is subjected to boost the sales and marketing sub-segment.

Life Science Analytics Software Market to Experience a Boost Owing to Major Technological Innovations across Healthcare and IT Sectors

Delivery Model: Cloud Sub-segment to be the Fastest Growing Sub-Segment

The cloud sub-segment is anticipated to be the fastest growing sub-segment by registering a revenue of $6,708.0 million during the forecast period, increasing from $2,615.3 million back in 2020. Due to the economic and security benefits of the cloud technology, this sub-segment is estimated to have the fastest growth.

End User: Pharmaceutical and Biotechnology Companies Sub-segment to be Most Lucrative

The pharmaceutical and biotechnology companies sub-segment is estimated to generate a revenue of $6,457.5 million during the forecast period, increasing from $2,606.0 million back in 2020. Increasing adoption of enhanced analytical tools for increasing the efficiency of drugs to treat grave disease is anticipated to drive the growth of global life science analytics software market.

Regional Outlook: North America to Dominate the Market

North America is estimated to generate a revenue of $6,634.4 million on during the forecast period, increasing from $2,692.6 million back in 2020. Rising geriatric population and continuous advancements in healthcare infrastructure are estimated to drive the growth of the market in this region.

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Impact of COVID-19 On the Market

The outbreak of COVID-19 has had a positive impact on the global life science analytics software market due to increasing use of life science analytics software to study the efficacy of the virus, and hence develop a potent drug for the effective treatment of COVID-infected patients.

Major Key Players

The major players of the Life Science Analytics Software Market include –

  1. ArisGlobal
  2. Accenture
  3. SAS Institute Inc.
  4. Microsoft
  5. IQVIA Holdings Inc.
  6. Oracle Corporation
  7. Veeva Systems Inc.
  8. American Chemical Society (ACS)
  9. TIBCO Software Inc.
  10. International Business Machines Corporation

These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.

For instance, in May 2020, Saama Technologies Inc., a prominent AI-clinical analytics platform firm, and iNDX.Ai, a dominant software products company, proclaimed the launch of ‘COVID-19 Command Center’ to boost the efficiency of R&D projects for the treatment of COVID-19.

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

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Organizations Increase Technology Spending and Adoption to Adapt to Evolving Business Landscape

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Boston, Mass. , July 27, 2021 (GLOBE NEWSWIRE) — IDG’s CIO – the executive-level IT media brand providing insight into business technology leadership – recently released two research studies outlining how organizations are progressing forward and investing in technology post-pandemic. The 2021 CIO Pandemic Business Impact study looks at what the return to office structure looks like, challenges IT decision-makers (ITDMs) are focused on, and the tools they are investing in to support a variety of work environments. The CIO Tech Poll: Tech Priorities, 2021 annual study explores how organizations are progressing forward, outlines the technology areas IT leaders will be focused on, and measures the direction of investments in those tech categories.

Insight into the Future of Work
It is no surprise that organizations are embracing a hybrid work structure. More than half (59%) of ITDMs agree the work from home (WFH) shift has created a more positive view of remote workplace policies and is impacting how their organization will plan for office space, tech staffing, and overall staffing in the future. When asked about work environments for 2022, organizations will support a mix of staffing locations – office only (39%), remote only (23%), and hybrid work structure (38%). This aligns with the 65% of ITDMs who stated that maintaining a hybrid workforce will be long lasting or permanent, along with 60% who said that maintaining a remote workforce will be permanent.

Although hybrid work has proven primarily successful, ITDMs report some concerns with the fact that teams will be split between working remotely and in the office. Fifty-five percent are concerned with the ability to efficiently collaborate, followed by employee and/or IT staff morale and burnout (54%), and maintaining secure systems and processes (47%). To address these concerns, organizations plan to invest in enhanced collaboration/meeting tools (56%), enhanced security controls (53%), headphones (31%), “hoteling” applications to enable employees to reserve desk space (27%), and wireless devices (25%).

Security Continues to be Top of Mind
Close to two-thirds (63%) of ITDMs report that their organization continues to update their security infrastructure to adequately address WFH employees and 59% have a stronger focus on business resiliency and their ability to respond to business disruptions. This is supported by the fact that 65% expect their spending towards cybersecurity to increase in the next 12 months, which is the largest spending increase among the technology categories. Additionally, 25% say that cybersecurity is the single most important technology project that their organization is currently working on, which is up from 15% last year. Given the number of cyberattacks businesses have encountered recently, this is not surprising and shows that IT and business leaders understand they must effectively prepare due to the potential impact of these attacks.

“As businesses create their ongoing strategies, security discussions are inevitable as cyberattacks are on the rise and employees continue to work remotely, which opens the business up to additional touchpoints for attackers,” says Sue Yanovitch, VP of Marketing, IDG Communications, Inc. “Technology, specifically security, vendors must understand their customers’ current environments and goals to be able to guide them to the correct solutions to ensure business resiliency.”

Implementing New Technologies
The effects of the pandemic continue to accelerate organizations digital transformation initiatives, such as increased automation of IT and business processes. To drive business forward, 50% of ITDMs anticipate that their tech budgets will increase over the next 12 months, 42% anticipate their budgets will remain the same, and only 8% expect a budget decrease – which is in line with the 7% in December 2019 prior to the pandemic. Following cybersecurity, the areas where IT decision-makers expect to see the greatest increase in tech spending compared to last year are BI/analytics tools (51%), business process management/workflow automation (50%), customer experience technology (50%), and collaboration tools/technologies (49%).

Looking at the technologies that are being actively researched, 5G enabled devices, artificial intelligence (AI)/machine learning (ML), blockchain, and IT/OT convergence top the list. Although blockchain is on some businesses’ radars, it is still not widely used as 54% say they are not interested in the technology. Respondents also reported the technologies they believe have the most potential to significantly alter the way their business operates over the next three to five years. Due to its predictive and problem-solving capabilities, it is understandable that big data/analytics is number one, followed by AI/ML, cloud infrastructure, and identity and access management.

Continue the Conversation
To connect with technology buyers as they strategize their future of work plans and adapt to an evolving business landscape, become a sponsor at CIO’s Future of Work Summit. This event is taking place virtually September 21-23, 2021. For additional research on this audience, or solutions to engage with them, visit our resources section.

About CIO
CIO focuses on attracting the highest concentration of enterprise CIOs and business technology executives with unparalleled peer insight and expertise on business strategy, innovation, and leadership. As organizations grow with digital transformation, CIO provides its readers with key insights on career development, including certifications, hiring practices and skills development. The award-winning CIO portfolio provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. CIO is published by IDG Communications, Inc. Company information is available at https://www.idg.com.

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Follow IDG on Twitter: @IDGWorld
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About IDG Communications, Inc.
IDG Communications’ vision is to make the world a better place by enabling the right use of technology, because we believe that the right use of technology can be a powerful force for good.

IDG is a trusted and dependable editorial voice, creating quality content to generate knowledge, engagement and deep relationships with our community of the most influential technology and security decision-makers. Our premium media brands including CIO®, Computerworld®, CSO®, InfoWorld®, Macworld®, Network World®, PCWorld® and Tech Hive® engage a quality audience with essential guidance on the evolving technology landscape.

Our trusted brands, global 1st party data intelligence and Triblio platform identify and activate purchasing intent, powering our clients’ success. We simplify complex campaigns that fulfill marketers’ global ambitions seamlessly with consistency that delivers quality results.

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Global Diabetic Foot Ulcer Treatment Market to Surpass US$ 12,653.3 Million by 2028; Owing to development in non-invasive treatment approach, Says Coherent Market Insights (CMI)

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SEATTLE, July 27, 2021 (GLOBE NEWSWIRE) — According to Coherent Market Insights, the global diabetic foot ulcer treatment market is estimated to be valued at US$ 6,411.3 million in 2021 and is expected to exhibit a CAGR of 10.2% during the forecast period (2021-2028).

Key Trends and Analysis of the Global diabetic foot ulcer treatment Market:

Key trends in the market include new product launches and regulatory approvals, which are expected to drive the global diabetic foot ulcers treatment market growth over the forecast period. For instance, in September 2020, Centaur Pharmaceutical, a provider of pharmaceutical research and manufacturing services intended to offer treatments for unmet medical needs, announced the launch of a new chemical entity (NCE) – WOXheal topical solution for the treatment of diabetic foot ulcers.

Furthermore, in February 2021, Oneness Biotech., a Taiwan-based biopharmaceutical company received approval from Taiwan Ministry of Health and Welfare for the New Drug Application (NDA) for its plant-based topical cream ON101 to treat diabetic foot ulcers.

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Key Market Takeaways:

The global diabetic foot ulcer treatment market is expected to exhibit a CAGR of 10.2% during the forecast period due to increasing research and development in non-invasive approaches for the treatment of diabetic foot ulcers and this is expected to drive the global diabetic foot ulcer treatment market over the forecast period. For instance, in November 2019, researchers from University of Johannesburg (South Africa) reported the review for use of photobiomodulation (PBM), a non-invasive application of light at specific wavelengths, in diabetic wound healing.

Among product, advanced wound dressings segment is estimated to hold a dominant position in the global diabetic foot ulcer treatment market over forecast period. Key players in the market are adopting inorganic strategies such as acquistition which is expected to drive the growth of segment over forecast period. For instance, in May 2019, 3M American multinational conglomerate corporation operating in the fields of industry, worker safety, U.S. health care, and consumer goods, acquired Acelity, Inc., a global advanced wound care company committed to developing innovative healing solutions for customers and patients, to strengthen its wound management solutions and expand its customer pool.

On the basis of ulcer type, neuro-ischemic ulcers segment estimated to hold a dominant position in the global diabetic foot ulcer treatment market over forecast period. Rising prevalence of diabetes is a major factor driving growth of the segment. For instance, according to a report published by Center for Disease Control and Prevention in 2017, over 100 million of the adults in the U.S. were suffering from prediabetes or diabetes.

Competitive Landscape:

Key players operating in the global diabetic foot ulcer treatment market include 3M Healthcare, B. Braun Melsungen AG, Smith & Nephew, Inc., Organogenesis, Inc., Derma Sciences Inc., Sigvaris Inc., Acelity L.P. Inc., Osiris, and Molnlycke Health Care AB.

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Market Segmentation:

  • Global Diabetic Foot Ulcer Treatment Market, By Product :
    • Advance Wound Dressings
    • Skin Substitutes
    • Growth Factors
    • Negative Pressure Wound Therapy Devices
    • Other Devices
  • Global Diabetic Foot Ulcer Treatment Market, By Ulcer Type:
    • Neuropathic Ulcers
    • Ischemic Ulcers
    • Neuro-ischemic Ulcers
  • Global Diabetic Foot Ulcer Treatment Market, By End User:
    • Hospitals
    • Specialty Clinics
    • Long Term Care Centers
    • Ambulatory Surgical Center
  • Global Diabetic Foot Ulcer Treatment Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa

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Diabetes Devices and Drugs (Diagnosis, Monitoring, and Therapeutics) Market, By Category (Diagnosis and Monitoring (Blood Glucose Monitoring Devices, Other Testing Devices, Software Programs for Diabetes Monitoring, Artificial Pancreas), Therapeutics (Insulin, Insulin Delivery, Oral Hypoglycemic Agents, Cell Therapies)), By Disease Type (Type 2 Diabetes, Type 1 Diabetes), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Read more: https://www.coherentmarketinsights.com/market-insight/diabetes-devices-and-drugs-market-3857

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Read more: https://www.coherentmarketinsights.com/market-insight/smart-insulin-pen-market-3436

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

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NextPlay Technologies Closes Acquisition of 100% of International Financial Enterprise Bank, to Advance Fintech Solutions for eCommerce and Digital Media Platforms

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SUNRISE, FL, July 27, 2021 (GLOBE NEWSWIRE) — via NewMediaWireNextPlay Technologies, Inc. (NASDAQ: NXTP), a technology solutions company building a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, reported today that it has closed its previously announced acquisition of International Financial Enterprise Bank (IFEB), a global financial institution headquartered in San Juan, Puerto Rico.

The Company is pleased to announce that it has increased its previously disclosed intended stake in IFEB, and formally closed the acquisition of 100% of the Bank as of July 21st after receiving previously reported formal regulatory approval from the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) for up to 100% ownership. Additionally, OCIF has granted NextPlay approval to change the bank’s name to NextBank International.

Consideration for the IFEB purchase included a $6.4 million cash payment made in April 2021, for a 57.1% ownership of IFEB and a further payment of $4.8 million to acquire the remaining 42.9% of IFEB, which was paid by way of issuing 1,926,750 shares of NextPlay’s restricted common stock (which is equivalent to US$2.50 per share issued).

IFEB brings NextPlay a full range of Fintech solutions, including concierge banking, online and mobile banking, credit cards, deposit and loans and escrow services. The bank’s charter and Fintech technology allows it to conduct business and serve customers anywhere in the world. Its mobile app is available to download for free from the Apple App Store or Google Play. Additionally, IFEB complements NextPlay’s Longroot initial coin offering (ICO) portal.

“The 100% acquisition of IFEB complements our Longroot Initial Coin Offering (ICO) unit and expands Longroot’s capabilities to potentially include access to cryptocurrency exchanges, online payments, digital wallet and mobile banking capabilities supporting the ICO portal with IFEB Fintech banking solutions,” commented NextPlay Co-CEO, Bill Kerby who further stated, “In addition to existing customers, revenue and targeted cashflow contributions, IFEB should strengthen our other business segments by providing unencumbered and dynamic access to merchant services for gaming, in-game advertising and travel.”

Additional information about the IFEB acquisition is available in NextPlay Technologies’ Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission and available at www.sec.gov.

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of our existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, beliefs or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties related to our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence and voting control over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term travel business success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our travel business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving travel, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of our recent acquisitions of Longroot Holding (Thailand) Company Limited (Longroot), HotPlay Enterprise Limited (HotPlay) and IFEB; the markets in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; risks associated with the integration of the operations of HotPlay, Longroot and IFEB, which acquisitions we recently competed; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by the Company are detailed from time to time in the Company’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings “Risk Factors”. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Source: NextPlay Technologies

Company Contacts:

NextPlay Technologies, Inc

Richard Marshall

Director of Corporate Development

Tel (954) 888-9779

richard.marshall@nextplaytechnologies.com