Speech Analytics Market Competitive Benchmarking, Trends, Growth, Overview And Forecast To 2033
Overview and Scope
Speech analytics is the process of using voice recognition software to analyze voice... View MoreSpeech Analytics Market Competitive Benchmarking, Trends, Growth, Overview And Forecast To 2033
Overview and Scope
Speech analytics is the process of using voice recognition software to analyze voice recordings or live calls from customers to contact centers, find useful information, and provide quality assurance.
Sizing and Forecast
The speech analytics market size has grown exponentially in recent years. It will grow from $2.57 billion in 2023 to $3.17 billion in 2024 at a compound annual growth rate (CAGR) of 23.5%. The growth in the historic period can be attributed to introduction of advanced speech recognition technologies, adoption of speech analytics for customer service improvement, implementation of speech analytics in call centers, rise of voice biometrics for authentication and security, increasing focus on compliance and regulatory requirements.
The speech analytics market size is expected to see exponential growth in the next few years. It will grow to $7.62 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%. The growth in the forecast period can be attributed to expansion of speech analytics in multichannel customer engagement, adoption of speech analytics in predictive analytics for business insights, growing use of speech analytics in employee training and performance evaluation, emphasis on real-time speech analytics for immediate action, use of emotion and sentiment analysis in speech analytics. Major trends in the forecast period include integration of speech analytics with artificial intelligence (ai) and machine learning (ml), integration of speech analytics in virtual assistants and chatbots, adoption of cloud-based speech analytics solutions, focus on speech analytics for social media monitoring, development of industry-specific speech analytics applications.
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https://www.thebusinessresearchcompany.com/report/speech-analytics-global-market-report
Segmentation & Regional Insights
The speech analytics market covered in this report is segmented –
1) By Components: Solutions, Services
2) By Deployment Mode: Cloud, On-premises
3) By Organization Size: Large enterprises, Small and Medium-Sized Enterprises (SMEs)
4) By Applications: Customer Experience Management, Call Monitoring and Summarization, Agent Performance Monitoring, Sales and Marketing Management, Risk and Compliance Management, Sentiment Analysis
5) By Vertical: Banking Finance Services and Insurance (BFSI), IT and Telecom, Media and Entertainment, Retail and eCommerce, Travel and Hospitality, Government and Defence, Healthcare and life sciences, Other Verticals
North America was the largest region in the speech analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the speech analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The high adoption of speech analytics by companies is significantly driving the growth of the speech analytics market. Since speech analytics help in problem identification, customer experience enhancement as well as sentiment analysis, companies across various industrial segments are adopting speech analytics rapidly. This creates a huge scope for future development of speech analytics technology by key companies through partnerships and strategic alliances. For instance, in September 2021, Scotiabank partnered with Google Cloud to strengthen the bank's cloud-first commitment and speed up its global speech, text, and data analytics strategy. Google Cloud, as a Scotiabank trusted partner for analytics, will assist Scotiabank customers in the Americas and around the world in creating a more personalized and predictive banking experience. This partnership helps Scotiabank to offer more customized banking services by adopting speech and data analytics using Google Cloud. Hence, the increasing adoption of speech analytics by companies is expected to propel the growth of the speech analytics market over the coming years.
Key Industry Players
Major companies operating in the speech analytics market report are NICE Systems Ltd., Verint Systems Inc., Avaya Holdings Corp., OpenText Corporation, Genesys Telecommunications Laboratories Inc., Calabrio Inc., Clarabridge Inc., Castel Communications LLC, VoiceBase Inc., Google LLC, Vonage Holdings Corp., Micro Focus International plc, Zoom International S. A., Almawave S. p. A., Talkdesk Inc., Alvaria Inc., Hewlett Packard Enterprise Company, Interactive Intelligence Group Inc., InContact Inc., Clarifai Inc., Uniphore Software Systems Pvt. Ltd., Deepgram Inc., Eleos Health Inc., Sonde Health Inc., Aural Analytics Inc., Intelligent Voice Ltd., Phonexia s. r. o., Daisee Pty Ltd, CloudTalk s. r. o., CallTrackingMetrics LLC, SpeechTech Ltd., Batvoice Technologies
The speech analytics market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
……..
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Speech Analytics Market Size, Share, Trends And Overview Report 2024
Global speech analytics market size is expected to reach $7.62 Bn by 2028 at a rate of 24.5%, segmented as by components, solutions, services
Pharmaceutical Processing Seals Market Competitive Benchmarking, Trends, Growth, Overview And Forecast To 2033
Overview and Scope
Pharmaceutical processing seals refers to a seal that is used on proc... View MorePharmaceutical Processing Seals Market Competitive Benchmarking, Trends, Growth, Overview And Forecast To 2033
Overview and Scope
Pharmaceutical processing seals refers to a seal that is used on process-connected equipment that is designed to be linked to an external system that contains process fluids in order to stop flammable or combustible process fluids from migrating into the wire system in non-hazardous zones or other classed locations.
Sizing and Forecast
The pharmaceutical processing seals market size has grown strongly in recent years. It will grow from $2.26 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased pharmaceutical manufacturing activities, growth in biopharmaceutical production, focus on contamination prevention in manufacturing processes, rising demand for pharmaceutical products, continuous evolution of drug formulations.
The pharmaceutical processing seals market size is expected to see strong growth in the next few years. It will grow to $3.6 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to rising demand for specialized biopharmaceutical products, adoption of advanced manufacturing and processing techniques, global expansion of pharmaceutical production facilities, emphasis on quality and compliance in pharma manufacturing, increasing investment in research and development in the pharma sector. Major trends in the forecast period include advancements in pharmaceutical processing technologies, integration of single-use systems in pharmaceutical processing, development of high-performance and customized sealing solutions, shift towards sustainability and green manufacturing practices, application of smart seals and iot technologies.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/pharmaceutical-processing-seals-global-market-report
Segmentation & Regional Insights
The pharmaceutical processing seals market covered in this report is segmented –
1) By Type: O-rings, Gaskets, Lip seals, D seals, Other types (Diaphragms and X-rings)
2) By Material: Metals, PTFE, Silicone, Nitrile Rubber, EPDM, Other materials
3) By Application: Manufacturing Equipment, Agitators, Mixers, Reactors, Gear Boxes, Other applications
North America was the largest region in the pharmaceutical processing seals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical processing seals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in chronic diseases is significantly contributing to the growth of the pharmaceutical processing seals market. Chronic disease refers to a form of illness that lasts for three months or more and can deteriorate with time. Chronic diseases such as diabetes, cardiovascular diseases, and various types of cancer require long-term treatment and management. As the prevalence of these conditions continues to grow globally, pharmaceutical companies need to produce and distribute a larger volume of medications. This increased production necessitates the use of a wide range of pharmaceutical processing seals to maintain product integrity, prevent contamination, and ensure the safety and efficacy of pharmaceuticals. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Therefore, the rise in chronic diseases is driving the growth of the pharmaceutical processing seals market
Key Industry Players
Major companies operating in the pharmaceutical processing seals market report are Trelleborg AB, Freudenberg SE, Flowserve Corporation, James Walker & Co. Ltd., Parker-Hannifin Corporation, Compagnie de Saint-Gobain SA, Garlock Sealing Technologies LLC, John Crane Inc., IDEX Corporation, Marco Rubber & Plastic Products Inc., Technetics Group LLC, Sealmatic India Pvt. Ltd., Maffs Seals Pvt. Ltd., Quantech Sealing Systems, EagleBurgmann India Pvt. Ltd., Morgan Advanced Materials plc, Bal Seal Engineering Inc., Apple Rubber Products Inc., PPE Precision Polymer Engineering Inc., Minnesota Rubber and Plastics, Greene Tweed & Co., ElringKlinger Kunststofftechnik GmbH, Parco Inc., Seal & Design Inc., Hi-Tech Seals Inc., Eclipse Engineering Inc., Techno Ad Ltd., A. W. Chesterton Company, M&C TechGroup Germany GmbH, Meccanotecnica Umbra SpA, Vee Packings Inc., Arizona Sealing Devices Inc., CinchSeal Inc., Flexitallic Group, Hennig Gasket & Seals Inc.
The pharmaceutical processing seals market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
………
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Contact Us:
The Business Research Company
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Pharmaceutical Processing Seals Market Size, Share, Trends And Forecast 2024-2033
Global pharmaceutical processing seals market size is expected to reach $3.6 Bn by 2028 at a rate of 9.8%, segmented as by type, o-rings, gaskets, lip seals, d seals, other types (diaphragms and x-rin
Predictive Vehicle Technology Market Macro Economic Scenario, Industry Outlook, Opportunities in Market And Expansion By 2033
Overview and Scope
The predictive vehicle technology refer to a set of ve... View MorePredictive Vehicle Technology Market Macro Economic Scenario, Industry Outlook, Opportunities in Market And Expansion By 2033
Overview and Scope
The predictive vehicle technology refer to a set of vehicle technologies that incorporate prophetic analytics with the use of both real-time and historical data to predict vehicle behavior, and faults that might hamper vehicles if not corrected in real-time. Predictive vehicle technology uses artificial intelligence (AI) and machine learning (ML) to understand the trends and operating patterns of the vehicle owner which enhances the safety of the vehicle.
Sizing and Forecast
The predictive vehicle technology market size has grown rapidly in recent years. It will grow from $34.77 billion in 2023 to $41.23 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to focus on driver safety, demand for fuel efficiency and emission reduction, autonomous vehicle development, government regulations and safety standards,
The predictive vehicle technology market size is expected to see rapid growth in the next few years. It will grow to $79.99 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to smart infrastructure development, environmental sustainability goals, data monetization opportunities, government investments in smart cities, consumer demand for advanced features.. Major trends in the forecast period include connected car ecosystem expansion, predictive maintenance solutions, usage-based insurance (ubi) and telematics, energy management and efficiency optimization, road condition and traffic prediction, personalized in-car experiences.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/predictive-vehicle-technology-global-market-report
Segmentation & Regional Insights
The predictive vehicle technology market covered in this report is segmented –
1) By Component: Hardware, ADAS, OBD, Telematics
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Deployment: On-Premise, Cloud
4) By Application: Proactive Alerts, Safety And Security, Maintenance Analysis, Predictive Smart Parking
Asia-Pacific was the largest region in the predictive vehicle technology market in 2023. The regions covered in the predictive vehicle technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for technologically advanced vehicles propels the growth of the predictive vehicle technology market. Technologically advanced vehicles are highly equipped with the latest technology such as advanced driver assistant systems (ADAS), predictive vehicle technology, electric vehicle (EV) technology, 360-degree cameras, and more. The growing population and the economy, and rapid urbanization globally coupled with a need to reduce carbon footprint, have led to an increased demand for technologically advanced vehicles such as electric vehicles that use the latest EV technology. As the demand for technologically advanced vehicles grows, it will drive the need for the latest technologies including predictive vehicle technology. For instance, in February 2022, according to the International Energy Agency (IEA), the worldwide electric car market is expanding at a rapid pace with a global sale of 6.6 million EVs in 2021, more than doubling from 2019 which was 2.2 million EVs. Market momentum has continued, with EV sales more than doubling year on year to 6.6 million in 2021, accounting for over 9% of the worldwide market. There are presently around 16 million electric vehicles on the roads globally. Therefore, the rising demand for technologically advanced vehicles drives the predictive vehicle technology market growth.
Key Industry Players
Major companies operating in the predictive vehicle technology market report are Robert Bosch GmbH, Continental AG, Valeo, Garrett Motion Inc., Aisin Corporation,Tesla Inc.,Waymo LLC.,Mobileye Inc.,NVIDIA Corporation,Aptiv PLC.,Otonomo Technologies Ltd.,Kia Motors Corporation, BorgWarner Inc.,ZF Friedrichshafen AG,Velodyne Lidar Inc.,Aeva Technologies Inc.,Argo AI LLC,Nuro Inc.,Aurora Innovation Inc., Amazon Com Inc.,General Motors Company,Ford Motor Company,Mercedes-Benz Group AG,Audi Automobilwerke GmbH Zwickau,The Volvo Group,Hyundai Motor Co,Bayerische Motoren Werke GmbH,Toyota Motor Corporation,Honda Motor Co Ltd.,Qualcomm Inc.
The predictive vehicle technology market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
……..
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Contact Us:
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Predictive Vehicle Technology Market Size, Share, Trends And Growth Analysis, 2033
Global predictive vehicle technology market size is expected to reach $79.99 Bn by 2028 at a rate of 18.0%, segmented as by component, hardware, adas, obd, telematics
Network Engineering Services Market By Country, Historic And Forecast, Size, Share And Outlook
Overview and Scope
Network engineering services refer to planning, implementing, and managing computer n... View MoreNetwork Engineering Services Market By Country, Historic And Forecast, Size, Share And Outlook
Overview and Scope
Network engineering services refer to planning, implementing, and managing computer networks that provide in-house phone, data, video, and wireless network services. Network engineering service providers partner with consultants, telecom companies, corporations, ISPs, and others to prepare, develop, plan, and implement projects based on customer recommendations and requirements.
Sizing and Forecast
The network engineering services market size has grown strongly in recent years. It will grow from $53.39 billion in 2023 to $58.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to growth of internet usage and data traffic, explosion of mobile devices and connectivity, globalization and distributed workforces, enterprise digital transformation, cloud computing adoption.
The network engineering services market size is expected to see rapid growth in the next few years. It will grow to $85.49 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to demand for skilled network engineers, adoption of advanced network analytics, global connectivity and network integration, increasing complexity of network environments, focus on sustainable and green networking. Major trends in the forecast period include green networking and energy efficiency, adoption of intent-based networking, compliance with regulatory standards, network slicing for customized services, remote workforce connectivity.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/network-engineering-services-global-market-report
Segmentation & Regional Insights
The network engineering services market covered in this report is segmented –
1) By Service Type: Network Assessment, Network Design, Network Deployment
2) By Transmission Mode: Wired, Wireless
3) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
4) By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Telecom, Information Technology, Healthcare, Education, Media and Entertainment, Energy and Utilities, Manufacturing, Other Industry Verticals
North America was the largest region in the network engineering services market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the network engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased adoption of broadband will propel the growth of the network engineering services market. Broadband attributes to high-speed internet connectivity that is always quicker than typical dial-up access. It enables high-quality and rapid access to information, teleconferencing, data transfer, and other functions in various settings, including healthcare, education, and technical development. Network engineering services create a balance between security and the rising need for computing that is fast, more effective, and more adaptable. Due to COVID-19 restrictive containment measures involving social distancing, remote working, and the closure of commercial activities, companies have rearranged their operations to initiate remote working that increased the adoption of broadband. For instance, in December 2022, according to the Information Technology and Innovation Foundation, a U.S. nonprofit public policy organisation, by 2021, 81.9% of households would have internet access, with 83.4% of that through a broadband subscription, and in the US, 90 percent of households currently subscribe to broadband. Therefore, the increase in the adoption of broadband is expected to boost demand for network engineering services during the forecast period.
Key Industry Players
Major companies operating in the network engineering services market report are Accenture PLC, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Juniper Networks, IBM Corporation, Cyient Limited, Datavision Inc., Imagit Inc., Infosys Limited, Atisdigital, Fujitsu Limited, Netronome Systems Inc., ABB Ltd., Avaya Inc., Capgemini SE, Cisco Systems Inc., Entrust Datacard Corporation, Nokia Corporation, OpenGov, Oracle Corporattion, UTI Group, General Electric, Honeywell International Inc., Itron Inc., KAPSCH Group, Microsoft Corporation, Osram Gmbh, SAP SE, Schneider Electric SE, Siemens AG
The network engineering services market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
………
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Contact Us:
The Business Research Company
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Network Engineering Services Market Size, Share, Industry Analysis 2024-2033
Global network engineering services market size is expected to reach $85.49 Bn by 2028 at a rate of 10.1%, segmented as by service type, network assessment, network design, network deployment
Open Source Intelligence Market Research Methodology, Size, Demand, Growth, Analysis and Forecast to 2033
Overview and Scope
Open-source intelligence (OSINT) refers to the process of identifying, col... View MoreOpen Source Intelligence Market Research Methodology, Size, Demand, Growth, Analysis and Forecast to 2033
Overview and Scope
Open-source intelligence (OSINT) refers to the process of identifying, collecting, processing, evaluating, and reporting information gathered from public sources such as broadcast TV and radio, social media, and websites for intelligence purposes. Open source intelligence is used to detect potential network flaws, vulnerabilities, and external attacks.
Sizing and Forecast
The open source intelligence market size has grown exponentially in recent years. It will grow from $12.2 billion in 2023 to $15.15 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to proliferation of online information, advances in web scraping and crawling technologies, increased cyber threats and cybersecurity concerns, rising importance of social media data, globalization and interconnectedness of information.
The open source intelligence market size is expected to see exponential growth in the next few years. It will grow to $38.07 billion in 2028 at a compound annual growth rate (CAGR) of 25.9%. The growth in the forecast period can be attributed to growing emphasis on threat intelligence, integration of artificial intelligence in osint, expansion of dark web monitoring, increased adoption in corporate risk management, collaboration between public and private sectors. Major trends in the forecast period include real-time osint analysis, geospatial intelligence and mapping, focus on deep and dark web monitoring, enhanced automation and machine learning in osint, integration with cybersecurity platforms
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/open-source-intelligence-global-market-report
Segmentation & Regional Insights
The open source intelligence market covered in this report is segmented –
1) By Source Type: Media, Internet, Public Government Data, Professional and Academic Publications, Commercial, Other Source Type
2) By Technique: Text Analytics, Video Analytics, Social Media Analytics, Geospatial Analytics, Security Analytics, Other Technique
3) By End User: Government Intelligence Agencies, Military and Defense Intelligence Agencies, Cyber Security Organizations, Law Enforcement Agencies, Financial Services, Private Specialized Business, Other End User
North America was the largest region in the open source intelligence market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the open source intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of fraud carried out through social media is expected to drive the open-source intelligence market. Social media is internet-based communication that allows people to converse, share their information, and produce web content. Open-source data helps in identifying cyber danger indicators through social media, such as fraudulent domains or bogus social media accounts, which could be exploited to launch an attack. For instance, according to the Federal Trade Commission, a US-based consumer protection body, in 2021, over $770 million in damages were attributed to fraud that was perpetrated on social media sites, according to roughly 95,000 people. Of all recorded fraud-related losses, these losses make up around 25%. Therefore, the increasing prevalence of fraud carried out through social media is driving open-source intelligence market growth.
Key Industry Players
Major companies operating in the open source intelligence market report are Expert System S. p. A., Palantir Technologies Inc., Thales Group, Maltego Technologies GmbH, Sapphirenet S. r. l., Recorded Future Inc., DigitalStakeout Inc., Echosec Systems Ltd., BrightPlanet LLC, Geofeedia Inc., DataWalk Inc., Webhose. io Ltd., Hootsuite Media Inc., Media Sonar Technologies Inc., ZeroFOX Inc., Socialbakers a. s., Zignal Labs Inc., Babel Street Inc., MediaSift Ltd., Silobreaker Ltd., Skopenow Inc., Cobwebs Technologies Ltd., Social Sentinel Inc., Ontic Technologies Inc., Verint Systems Inc., Terbium Labs Inc., Cyveillance Inc., ThreatConnect Inc., SafeGraph Inc., Signal Media Limited, Dataiku Inc.
The open source intelligence market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
……….
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
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Open Source Intelligence Market Outlook, Growth, Industry Trends & Forecast 2033
Global open source intelligence market size is expected to reach $38.07 Bn by 2028 at a rate of 25.9%, segmented as by source type, media, internet, public government data, professional and academic p
Commercial Flooring Market Report, Key Company Profiles and Demand Forecasts to 2033
Overview and Scope
Commercial flooring is a durable flooring material made from a combination of natural and synth... View MoreCommercial Flooring Market Report, Key Company Profiles and Demand Forecasts to 2033
Overview and Scope
Commercial flooring is a durable flooring material made from a combination of natural and synthetic polymer materials. It’s found everywhere from hotel lobbies and office foyers to schools and hospitals. It is rapidly being adopted in more and more places due to its design and material innovations.
Sizing and Forecast
The commercial flooring market size has grown strongly in recent years. It will grow from $62.52 billion in 2023 to $66.33 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%.
The growth in the historic period can be attributed to increased commercial construction projects, growth in design trends and aesthetics, increased demand for maintenance and durability, increased environmental and sustainability concerns, increased need for renovation and replacement needs
The commercial flooring market size is expected to see strong growth in the next few years. It will grow to $84.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to circular economy practices, emerging market demand, growing need for resilient and low-maintenance flooring, safety and slip resistance requirements, growing real estate
Major trends in the forecast period include flooring material innovation, advanced flooring installation methods, technological advancements, innovative solutions, and strategic collaborations.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/commercial-flooring-global-market-report
Segmentation & Regional Insights
The commercial flooring market covered in this report is segmented –
1) By Product: Soft Covering Flooring, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring, Wood and Laminate
2) By Distribution Channel: Retail, Wholesale and Distributor Business Trend
3) By Application: Healthcare, Education, Hospitality, Retail, Public Buildings, Other Applications
North America was the largest region in the commercial flooring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Rapid urbanization is driving the growth of the commercial flooring market going forward. Urbanization refers to the shift of population from the countryside to the cities. This shift in population has resulted in the added requirement for housing and commercial businesses that have created an opportunity for increasing construction, thereby in turn driving the commercial flooring market. For instance, according to a report by Addis Ababa University Ethiopian Institute of Architecture, Building Construction, and City Development, an Ethiopia-based university, the global urban population is projected to grow by 6.3 billion in 2050. Furthermore, according to the report titled World Cities Report 2022 published by the United Nations Human Settlement Programme, a Kenya-based body of the United Nations, presently urban areas are home to 55% of the world’s population, and that figure is expected to grow to 68% by 2050. Therefore, the rise in urbanization drives the hook lifts and skips loaders market growth.
Key Industry Players
Major companies operating in the commercial flooring market include Mannington Mills Inc., Amtico International Inc., Mohawk Industries Inc., Armstrong Flooring Inc., Flowcrete Group Ltd., Forbo Holding AG, Interface Inc., Gerflor SAS, Hanwha Group, Congoleum Corporation, NOX Corporation, Milliken & Company, LX Hausys, Tarkett S.A., Nora Systems Inc, James Halstead plc., Shaw Industries Group Inc., Beaulieu International Group, J+J Flooring Group, Roppe Holding Company, Burke Industries Inc., Flexible Steel Lacing Company., Altro Limited, Karndean Designflooring, Parterre Flooring Systems, Crossville Inc., American Biltrite Inc., Johnsonite Inc.
The commercial flooring market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
………
27. Competitive Landscape And Company Profiles
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Commercial Flooring Market Analysis, Growth Trends, Opportunities 2033
Global commercial flooring market size is expected to reach $84.34 Bn by 2028 at a rate of 6.2% segmented as by distribution channel, retail, wholesale and distributor business trend
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