[24]7.ai-wins-ccw-excellence-award-for-bpo-of-the-year

[24]7.ai Wins CCW Excellence Award for BPO of the Year

 

[24]7.ai, Inc., a recognized leader in Omnichannel conversational AI and contact center services; announced today that it has received the “BPO of the Year” award at the CCW Excellence Awards in Las Vegas. The award was presented to [24]7.ai by Customer Contact Week, the largest customer event in the world.

Hosted by Arise Virtual Solutions, the CCW Excellence Awards Gala celebrated individuals and teams committed to driving superior contact center and CX excellence on Tuesday, June 21.

As a recipient of this award, [24]7.ai redefines the standard for strategic partnership evidenced through world-class service and exemplary efficiency. The winner is also evaluated based on their ability to:

  • Train multi-skilled agents that align with the client’s culture
  • Act as a strategic partner to clients
  • Scale operations per client needs, particularly throughout the COVID-19 pandemic
  • Drive performance through key client success metrics

In addition to the award, [24]7.ai announced its decisive expansion into the contact center as a service (CCaaS) market. [24]7.ai’s ready-made CCaaS platform provides a mix of proven features and functions infusing conversational AI at scale with new capabilities like a new agent workspace for voice and video conversations, intelligent routing for voice and digital agents – all built by agents for agents.

In response to this award recognition Lisa Matherly, SVP of Marketing for [24]7.ai said, “we are thrilled to be recognized by CCW. At our core, we want to make it easy for brands and consumers to connect, making this process more effective and cost-efficient. Being named BPO of the Year at the CCW Excellence awards demonstrates our promise and dedication to always strive for outperformance on all dimensions, especially in our contact center service offerings. This award is for the thousands of agents in our contact centers around the world who show up every day to deliver amazing customer experiences on behalf of our clients.”

mydigitaloffice-acquires-datavision-to-expand-hotel-performance-&-analytics-footprint

myDigitalOffice Acquires Datavision to Expand Hotel Performance & Analytics Footprint

 

myDigitalOffice (MDO), the world’s fastest growing hotel performance management platform, today announced the acquisition of Datavision Technologies, an industry leader in hotel data analytics and business intelligence for luxury resorts.

Datavision’s hospitality BI platform provides a 360-degree view into any hotel operation, enabling customers to create bespoke reports and dashboards that contain powerful insights that elevate operations and customer service levels to new heights. Datavision’s tools, now combined with MDO’s growing data lake, positions customers to have access to a state-of-the-art data & reporting platform.

“We’re thrilled to welcome Datavision into the MDO family and couldn’t be more excited for our amazing customers, like Mandarin Oriental Hotel Group, and for our industry as a whole,” shared Ali Moloo, MDO founder & CEO. “Together, we are the global category leader for holistic hotel performance management.”

Datavision and myDigitalOffice customers will now benefit from the combined experience and strength of a globally dispersed team of over 250 people providing world class 24x7x365 support, and offering over 250 hotel system integrations.

Datavision Co-Founder & CEO, and 2019 HFTP Hall of Fame inductee, Sudharshan Chary added, “For over two decades, Datavision has been a pioneer and a passionate advocate for business intelligence in the hospitality industry. Our guiding principles have always been to deliver class-leading insights coupled with the very best white glove service to our customers who are distributed across the globe. Datavision and myDigitalOffice share the same customer-first philosophies and we cannot think of a better time to join forces with the team at MDO to accelerate the evolution of the next generation of data analytics.”

Leveraging the alignment of myDigitalOffice and Datavision Technologies will enable hoteliers to automate and enhance reporting, benefit from real time BI insights, and focus more sharply on hotel guests to suit their ever-evolving needs. Talk to the myDigitalOffice team today to learn more.

paolo-guglielmini-to-be-appointed-new-president-and-ceo-for-hexagon

Paolo Guglielmini to be appointed new President and CEO for Hexagon

 

Hexagon AB, a global leader in digital reality solutions, combining sensors, software and autonomous technologies, today announced that Paolo Guglielmini will succeed Ola Rollén as President and CEO of Hexagon AB, effective 31 December 2022.

Gun Nilsson has decided to step down as CEO for Hexagon’s principal shareholder MSAB on 1 October and consequently leave her position as Chairman of Hexagon AB at the Annual General Meeting (AGM) 2023. MSAB, in consultation with Hexagon’s nomination committee, has the intention to propose Ola Rollén as new Chairman of the Board at the AGM 2023.

Paolo Guglielmini, currently Hexagon’s Chief Operating Officer (COO) and President of Hexagon’s Manufacturing Intelligence (MI) division, has served in key roles since joining Hexagon in 2010, from strategy and business development to M&A and general management. He has been instrumental in expanding MI’s focus towards software-centric quality data solutions, and with his team driving the business towards all-time-high performance in 2021. Prior to joining Hexagon, Guglielmini held positions at CERN, the European Organization for Nuclear Research in Switzerland, and Accenture. He holds a Master of Science in Engineering and Master of Business Administration from IMD.

“I’m happy that we have found an internal solution for my succession which will bring long term stability and continuity but at the same time needed rejuvenation as we prepare this amazing company for the next big leap strategically,” says Hexagon’s President and CEO, Ola Rollén. “I have preoccupied myself with the well-being of Hexagon 24/7 for the last 22 years and it’s a true privilege to be able to continue to follow the company’s successful development as Chairman.”

“On behalf of the Board of Directors and shareholders, I want to thank Ola for his incredible achievements throughout the years. Since joining Hexagon in 2000, he has grown the company from 150 MEUR market cap to a 30bn EUR multinational leader in digital solutions. He has brought tremendous value to both shareholders, industry, and society. I’m confident that Paolo will continue this journey, taking the company to the next level,” says Hexagon’s Chairman of the board, Gun Nilsson. “It’s been an honor to follow this great company for more than 14 years as part of the Board of Directors, and the past 5 years as Chairman.”

“I’m honoured by the opportunity to build upon the legacy that Ola and our team have created over the past two decades, and excited to lead Hexagon into the future. We are very well positioned to capitalise on the vast opportunities ahead, combining software, sensors and autonomous technologies to create sustainable value for our stakeholders,” says Hexagon’s COO and President of Hexagon Manufacturing Intelligence, Paolo Guglielmini.

At the same time the following organisational changes will be made:

Josh (Joshua) Weiss, currently COO of Hexagon Geosystems, will succeed Guglielmini as President for Hexagon Manufacturing Intelligence, effective 1 July 2022. Weiss has served in multiple leadership roles since joining Hexagon in 2015 – from his most recent role to the President of Geosystems’ mining and heavy construction businesses. Weiss will report to Hexagon’s President and CEO and be a part of the Executive Management Team.

Michael Ritter, currently President of Hexagon Autonomy & Positioning, will assume a new senior role overseeing Hexagon’s Autonomy & Positioning, Mining and Agriculture divisions, effective immediately. In this role, Ritter will be responsible for leading the strategy of the businesses, to accelerate synergies and strengthening the solutions portfolio for Hexagon’s customers. Ritter will continue reporting to Hexagon’s President and CEO and be a part of the Executive Management Team.

Maria Luthström, currently Head of Sustainability and Investor Relations for Hexagon, will succeed Ritter as President of Hexagon Autonomy & Positioning, effective 1 October 2022. Luthström joined Hexagon in 2015 and has been instrumental in expanding the company’s strategy and environmental, social and governance (ESG) agenda, strengthening Hexagon’s culture and increasing shareholder value. Luthström will report to Michael Ritter.

south-africa-management-consulting,-business-advisory-&-knowledge-management-services-market-report-2022:-industry-players,-concerns,-influencing-factors,-outlook

South Africa Management Consulting, Business Advisory & Knowledge Management Services Market Report 2022: Industry Players, Concerns, Influencing Factors, Outlook

 

The “Management Consulting & Business Advisory Services including Knowledge Management in South Africa 2022″ report has been added to ResearchAndMarkets.com’s offering.

This report focuses on management consulting and business advisory services including knowledge management in South Africa. It includes information on the state and size of the industry, significant issues and challenges, and subsectors such as knowledge management and business rescue.

There are profiles of 53 companies including major players such as Accenture, BDO, McKinsey, KPMG, Deloitte and PwC and institutions such as Business Partners and the Free State Development Corporation. 

Management Consulting and Business Advisory Services

The management consulting and business advisory services industry has been affected by the pandemic, which limited in-person consultations and travel and resulted in a number of clients cancelling projects. The reputational crisis in the industry has continued with allegations that several big management consulting firms were implicated in corruption by the state capture enquiry.

Some mid-tier and boutique management consultancies have been able to capitalise on the crisis. Demand for consulting and business advisory services is rising, driven by clients looking for help with digital transformation, which increased during the pandemic. Enterprise and supplier development and turnaround and business rescue consulting also represent growing opportunities for business consultants.

Industry Players

While some very well-known firms with international footprints operate in this industry and have the lion’s share of revenue, the market is characterised by a large proportion of micro-businesses. It is estimated that almost 90% of business and management consultancies operating locally have no more than five employees.

Concerns

Ethical issues have come to dominate management consulting, particularly as several large firms have been caught up in state capture allegations, resulting in some reimbursing clients. There is also continuing concern over the independence of audit firms that offer consulting services, with some taking further steps to ring-fence consulting from audit services.

One key risk in the sector is that clients can cancel contracts on short notice, which often puts revenue at risk. The sector is very competitive, and retaining and attracting talent is an ongoing challenge.

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
2.4. Key Success Factors and Pain Points

3. LOCAL
3.1. Key Trends
3.2. Notable Players
3.3. Corporate Actions
3.4. Regulations
3.5. Enterprise Development and Social Economic Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS
6.1. COVID-19
6.2. Economic Environment
6.3. Labour
6.4. Environmental Issues
6.5. Technology, Research and Development (R&D) and Innovation
6.6. Input Costs
6.7. Cyber security

7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry

8. SWOT ANALYSIS

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS

11. REFERENCES
11.1. Publications
11.2. Websites

Appendix – Summary of Notable Players

  • A T Kearney (Pty) Ltd
  • Accenture (South Africa) (Pty) Ltd
  • Adept Advisory (Pty) Ltd
  • Alexander Proudfoot South Africa (Pty) Ltd
  • AYO Technology Solutions Ltd
  • Bain and Company South Africa Inc
  • BDO South Africa Inc
  • Beesa Business Services (Pty) Ltd
  • Boston Consulting Group RSA (Pty) Ltd (The)
  • Business Partners Ltd
  • Businessimprovement Online (Pty) Ltd
  • Butterfly Effect Intelligence (Pty) Ltd
  • Columinate (Pty) Ltd
  • Dalberg Consulting CC
  • Datacomb (Pty) Ltd
  • DecisionInc (Pty) Ltd
  • Deloitte South Africa
  • DSS Sustainable Solutions South Africa (Pty) Ltd
  • Edge Growth Business Development (Pty) Ltd
  • Ernst and Young Advisory Services (Pty) Ltd
  • Eton Group (Pty) Ltd (The)
  • Fetola Mmoho Corporate Social Investment Consultants (Pty) Ltd
  • FeverTreeConsulting (Pty) Ltd
  • Franchise Firm (Pty) Ltd (The)
  • Free State Development Corporation
  • FTI Consulting South Africa (Pty) Ltd
  • Gauteng Growth and Development Agency SOC Ltd
  • Generation of Leaders Discovered Consulting (Pty) Ltd
  • Hoorah Digital (Pty) Ltd
  • IBM South Africa (Pty) Ltd
  • IQ Business (Pty) Ltd
  • IQVIA Solutions (Pty) Ltd
  • Kaiser International (Pty) Ltd
  • Knowlead Consulting and Training CC
  • Knowledge Mentoring Institute (Pty) Ltd
  • Korn Ferry (Pty) Ltd
  • KPMG Services (Pty) Ltd
  • Kreston SA (Pty) Ltd
  • ManpowerGroup SA (Pty) Ltd
  • McKinsey and Company Africa (Pty) Ltd
  • Mercer South Africa (Pty) Ltd
  • Moore South Africa (Pty) Ltd
  • Motlanalo Chartered Accountants and Auditors Inc
  • NMG C and A Holdings (SA) (Pty) Ltd
  • Pinoak Consulting CC
  • PricewaterhouseCoopers Inc
  • Raizcorp Enterprise Development (Pty) Ltd
  • Renaicance Consultants CC
  • Rifle-Shot Performance Holdings (Pty) Ltd
  • SizweNtsalubaGobodo Grant Thornton Inc
  • Strategic Simulation Solutions BTS Africa (Pty) Ltd
  • Tata Consultancy Services (South Africa) (Pty) Ltd
  • Trade and Investment KwaZulu-Natal
instrument-transformer-market-to-hit-usd-7-bn-by-2030,-says-global-market-insights-inc.

Instrument Transformer Market to hit USD 7 Bn by 2030, Says Global Market Insights Inc.

 

Instrument Transformer Market size is anticipated to surpass over USD 7 billion by 2030, according to latest research study by Global Market Insights Inc.

The rising demand for effective T&D systems, increasing adoption of smart grid technologies, and favorable regulatory policies & reforms for renewable integration will favor the business dynamics. Ongoing investments in refurbishment and upgrade of energy networks will boost the product espousal. In addition, shifting focus on enhanced technologies coupled with rapidly mounting electricity consumption will augment the market landscape.

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The auto transformer market will witness a sheer turnaround owing to the elevated demand for smart technology-aided monitoring devices along with rising energy consumption across commercial & industrial peripherals. The capability of these units to offer effective voltage regulations and substantial cost savings is also expected to trigger growth. An increasing surge for electrification in the remote areas and escalating demand for the development of T&D infrastructure systems in both underdeveloped and developing economies are some of the prominent factors driving the industry growth.

Dry-type instrument transformers have gained appreciable proliferation in recent years due to their operational safety and competitive cost structure when compared to their available alternatives. However, products are yet to gain a sustainable market hold in high-voltage electrical applications, posing an immense industrial growth potential. Furthermore, the rapid acceptance of these units by utilities together with rigorous efficiency associated with research & development activities for product development will stimulate the industry dynamics.

The solid insulation instrument transformer market has gained a modest industry penetration credited to the significant competitive influence from prevailing insulation units combined with operational safety throughout the networks comprising frequent current faults and voltage outages. Additionally, the product is poised to showcase steep progress because of its effective cost structure, compact configuration, and insulating property. The continuous integration of digital monitoring systems merged with enhanced product flexibility will accelerate product deployment.

The commercial & industrial instrument transformer industry is slated to observe noteworthy change on account of the persistent upsurge in electricity demand and rapid urbanization and globally growing population. Favorable regulatory reforms on the development and enlargement of energy networks and the upgrade of traditional product portfolios will garner the market statistics.

The Asia Pacific instrument transformer market is set to foresee a significant upscale on impelled by the rising peak load power demand and an ongoing infrastructural development in and around the industrial & commercial sectors. The robust growth of large-scale cross-border electrical grid networks in line with the usage of efficient and advanced electric components for efficient electricity measuring & generation will foster the industry scenario.

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Some prime findings of the instrument transformer market report include:

  • The instrument transformer industry to grow attributing refurbishment and upgradation of prevailing electrical grid networks and rising large-scale renewable integration.
  • Favorable regulations on the development of efficient and effective electrical infrastructures and rising expansion of distribution energy networks will complement the market outlook.
  • Major manufacturers operating in the market include Siemens Energy, ABB, GE, and Mitsubishi Electric Corporation, amongst others.
  • Rising investments from public & private entities to sustain energy programs and favorable regulatory initiatives toward infrastructural development will drive the instrument transformer market growth.

Partial Table of Contents (ToC) of the report

Chapter 2 Executive Summary

2.1  Instrument transformer industry 3600 synopsis, 2018 – 2030

2.1.1  Business trends

2.1.2  Product trends

2.1.3  Winding trends

2.1.4  Cooling trends

2.1.5  Insulation trends

2.1.6  Rating trends

2.1.7  Mounting trends

2.1.8  Application trends

2.1.9  Regional trends

Chapter 3 Instrument Transformer Industry Insights

3.1  Industry ecosystem analysis

3.2  Innovation & technology landscape

3.3  Regulatory landscape

3.4  COVID- 19 impact on the industry outlook

3.5  Industry impact forces

3.5.1  Growth drivers

3.5.1.1  North America

3.5.1.1.1  Refurbishment demand for existing grid infrastructure

3.5.1.1.2  Rising infrastructural spending

3.5.1.2  Europe

3.5.1.2.1  Growing deployment of renewable energy

3.5.1.2.2  Upgradation of existing grid network

3.5.1.3  Asia Pacific

3.5.1.3.1  Large-scale renewable integration

3.5.1.3.2  Increasing demand for electricity

3.5.1.4  Middle East and Africa

3.5.1.4.1  Increasing demand for electricity

3.5.1.4.2  Growing investment toward expansion of distribution networks

3.5.2  Industry pitfalls & challenges

3.5.2.1  High initial cost & increased product prices

3.6  Growth potential analysis

3.7  Porter’s Analysis

3.8  Competitive landscape, 2021

3.9  PESTEL Analysis

rising-network-automation-unlocks-massive-growth-opportunities-across-5g

Rising Network Automation Unlocks Massive Growth Opportunities Across 5G

 

With the 5G network moving to the cloud, the network is now software-based and requires automation to succeed operationally and financially. Frost & Sullivan’s recent analysis finds that network automation enables all parts of the 5G network—the radio access network (RAN), the transport network, and the core/edge networks—to operate more efficiently than previously possible. Due to this, the global 5G network automation market is gathering momentum and is expected to reach $5 billion by 2026 from approximately $3.5 billion in 2021.

For further information on this analysis, Global 5G Network Automation Growth Opportunities, please click here

“Network automation is an essential part of 5G because it enables efficiency and cost savings for communication service providers (CSPs),” said Troy Morley, Industry Principal, ICT at Frost & Sullivan. “While the entire 5G network will benefit from network automation, the most significant growth opportunity lies within the 5G RAN, where CSPs invest the largest portion of their capital expenditures (CAPEX) and operating expenditures (OPEX).”

Morley added: “With nearly 70% of infrastructure spend, slight improvements in the RAN due to network automation lead to significant payback for CSPs, particularly concerning OPEX. Further, the new architecture of the 5G RAN has opened the market to many new suppliers bringing in specialists in machine learning and artificial intelligence.”

The global 5G network automation market presents opportunities in the space of:

  • The 5G RAN: The automation of the RAN offers the possibility of continual improvement in RAN performance and continual reduction of OPEX for each RAN, making it a win-win for the CSP.
  • The 5G core/edge networks: Network functions that make up the 5G core and edge networks are beginning to be rolled out globally and will require automation for operational and financial success.
  • The 5G transport networks: Transport networks do not often get the same attention that RAN and core networks receive. However, they are essential for 5G to live up to expectations and require automation. This will become vital as network slicing develops.

Global 5G Network Automation Growth Opportunities is the latest addition to Frost & Sullivan’s ICT research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

flooring-market-worth-us$-61983bn-by-2028-at-6.1%-cagr-|-size-&-share-by-application,-by-end-use-industry,-region-and-forecast-–-cumulative-impact-of-covid-19:-the-insight-partners

Flooring Market Worth US$ 619.83Bn by 2028 at 6.1% CAGR | Size & Share by Application, by End-Use Industry, Region and Forecast – Cumulative Impact of COVID-19: The Insight Partners

 

The Insight Partners published latest research study on Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Resilient Flooring, Non-Resilient Flooring, and Soft Cover and Others), Material [Carpets and Rugs, Wood, Laminates, Vinyl Sheets and Tiles (Homogeneous and Heterogeneous, LVT and VCT, and Others), Ceramic Tiles, and Stone and Others], Application (Residential and Non-Residential), and Geography. The projected market growth is attributed to an increase in consumer investments in renovation and refurbishing activities and high demand for the vinyl flooring.

There are different types of flooring available in the market, such as resilient flooring, seamless flooring, non-resilient flooring, and soft coverings. The growth in real estate, building, and construction sectors is increasing renovation and refurbishing activities in residential and non-residential segments. This is creating a huge demand for different flooring products.

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Flooring Market Strategic Insights:

Report Coverage

Details

Market Size Value in

US$ 412.66 Billion in 2021

Market Size Value by

US$ 619.83 Billion by 2028

Growth rate

CAGR of 6.1% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2021

No. of Pages

150

No. Tables

84

No. of Charts & Figures

81

Historical data available

Yes

Segments covered

Product Type, Material, and Application

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Flooring Market: Competition Landscape

Mohawk Flooring; Shaw Industries Group, Inc.; Tarkett; Armstrong Flooring, Inc.; Forbo International SA; Gerflor; Interface, Inc.; Beaulieu International Group; Toli Corporation; and Milliken are among the major players operating in the global flooring market. Players operating in the global flooring market are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on developing high-quality and innovative product offerings to fulfill the customers’ requirements.

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In 2021, Asia Pacific held the largest share of the global flooring market. The growing construction industry in the region is contributing to the growth of the market. The growth in the construction industry is mainly attributed to increasing consumer spending on affordable housing, renovation, and development. Additionally, the increase in residential projects in emerging countries is positively influencing the flooring market growth in the region.

Increase in Demand for Vinyl Flooring Segment

There is an availability of advanced print and textural techniques, making it possible for vinyl flooring to imitate the look of various flooring options such as hardwood, marble, stone, and others. There are various benefits of vinyl flooring. It is cost-effective and exhibits numerous features such as durability, flexible handling, and easy design possibilities. This makes vinyl flooring a suitable option to be used in hospitals, schools, offices, and houses.

Flooring Market: Segmental Overview

Based on material, the market is segmented into carpets and rugs, wood, laminates, vinyl sheets and tiles, ceramic tiles, and stone and others. The ceramic tiles segment held the largest share in the global market in 2021. Ceramic tiles are easy to clean and maintain.  These tiles finds application in offices, malls, bathrooms, houses, restaurants, and shops, and others.  Ceramic tiles are commercially available in a wide range of colors, sizes, and textures. Hence, they are gaining consumer attraction for high-end flooring applications.

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Based on product type, the global market has been segmented into resilient flooring, non-resilient flooring, and soft cover and others. The non-resilient flooring segment held the largest share in the global market in 2021. The demand for non-resilient flooring is increasing gradually from residential homes, commercial buildings, and other segments. These non-resilient floorings are made up of inflexible, organic, and hard surface materials comprising ceramic tile, porcelain tile, and natural stone. This type of flooring needs less maintenance and is cost-effective in nature. It also comes in a variety of textures, colors, and patterns.

Based on application, the market is segmented into residential and non-residential. The residential segment held a larger share in the global market in 2021. An increase in reconstruction and renovation activities in the residential sector to enhance the appearance of the building is creating a demand for flooring products.

The global flooring market has been segmented based on material into carpets and rugs, wood, laminates, vinyl sheets and tiles, ceramic tiles, and stone and others. The ceramic tiles segment held the largest share in the global flooring market in 2021. Ceramic tiles are composed of various minerals and clays such as feldspar, zircon, bentonite, and kaolin. These ceramic tiles are primarily used in offices, malls, bathrooms, houses, restaurants, and shops, and others. These are durable, rigid, and environment-friendly materials that comply with green building standards, and thus are gaining traction in flooring and walling applications. These products are commercially available in a wide range of colors, sizes, and textures, thus gaining consumer attraction for high-end flooring applications.  Therefore, demand for visual appeal in ceramic tiles is driving product innovations such as the development of natural and wooden finish designs that are expected to contribute to the overall expansion of the market.

Key Developments

  • In February 2019, Tackett refreshed its solid color palette for resilient flooring
  • In May 2021, Armstrong Flooring introduced Biome, Terra, and Coalesce luxury flooring. Biome was created to capture and translate an organic aesthetic and tactile warmth into the built environment, strengthening the human connection with nature.

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In 2021, Asia Pacific held the largest share of the global flooring market. The flooring market in Asia Pacific is mainly driven by an increase in residential projects in various countries such as IndiaChinaIndonesiaVietnam, and the Philippines.

The non-resilient flooring segment held the largest share of the global flooring market in 2021. Non-resilient flooring is made up of inflexible, organic, and hard surface materials. This type of flooring requires less maintenance and is cost-effective in nature. The residential segment held a larger share of the global flooring market in 2021. Due to the rising population and increasing consumer disposable income, the demand from the residential segment is anticipated to increase.

Asia Pacific is estimated to register the fastest CAGR in the global flooring market over the forecast period. The flooring market in Asia Pacific is competitive and dynamic because of the significant presence of manufacturers and associated flooring and construction businesses in the region.

The global flooring market is primarily driven by increasing investments in renovation and refurbishing activities by consumers.

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Impact of COVID-19 Pandemic on Flooring Market

The COVID-19 pandemic caused significant economic losses across the globe. The flooring market experienced the adverse effects of the pandemic in 2020. The pandemic led to temporary effects on the operational efficiencies of various industries. It negatively impacted the demand for flooring products. Difficulties faced by the manufacturers in procuring raw materials (bricks, cement, sand, tiles, and others) and the subsequent shutdown of manufacturing facilities hampered the market growth. The residential and commercial segments were negatively impacted due to the closure of construction activities.

However, various construction activities are recovering slowly, with many infrastructure projects in the pipeline. The demand for flooring products is witnessing significant growth due to a recovery in business activities. Accelerated vaccination programs and investments in the construction & building sector will help the flooring market recover.

Browse Latest and Related Reports:

Commercial Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Types (Resilient Flooring, Non- Resilient Flooring, Soft Coverings, Seamless Flooring, Wood and Laminate); Application (Commercial Buildings, Public Buildings, Education, Others) and Geography

Non Resilient Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Stone Tiles Flooring, Laminate Tiles Flooring, Wood Tiles Flooring, Others); Distribution Channel (Specialty Stores, Home Centers, Others); End User (Residential Replacement, Commercial, Builder) and Geography

Resilient Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Vinyl Flooring, Linoleum Flooring, Rubber Flooring, Others); Application (Residential, Commercial) and Geography

Carpets and Rugs Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Woven, Tufted, Needle-punched, Knotted, Flat weave, Others); End Use (Residential, Commercial); Material (Nylon, Polyester, Polypropylene, Others) and Geography

Home Furnishing Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Furniture Bathroom Linen, Bedding and Linen, Carpets and Rugs, Curtains and Accessories.); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others) and Geography

Luxury Vinyl Tiles (LVT) Flooring Market to 2028 – Global Analysis and Forecasts by Product Type (Rigid, Flexible); End User (Residential, Non-Residential) and Geography

Indoor Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Ceramic Tiles, Carpet, Vinyl Linoleum & Rubber, Wood & Laminate, and Others) and End user (Residential and Non-Residential)

Ceramic Ink Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Type (Decorative and Functional); Technology (Digital and Analog); Application (Ceramic Tiles, Glass Printing, and Food Container Printing)

Ceramic Decal Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Silkscreen, Digital, Others); Application Method (Water Based, Direct, Indirect); Application (Tableware, Sanitary Ware, Ceramic Tiles, Others) and Geography

Roofing Materials Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product (Asphalt Shingles, Concrete and Clay Tiles, Metal Roofs, Plastics, Others); Application (Residential, Non-residential) and Geography

Digital Inks Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Formulation (Solvent-Based, Water-Based, UV-Cured, Others); Application (Advertising and Promotion, Ceramic Tiles Printing, Packaging, Clothing and Household Textiles, Glass Printing, Publication, Others); Substrate (Plastics, Ceramics and Glass, Textiles, Paper) and Geography

Ceramic and Natural Stone Tiles Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Glazed ceramic tiles, Limestone, Travertine, Granite, Others); Application (Residential, Commercial) and Geography

asia-pacific-pharmacy-automation-market-worth-$725-million-by-2027-–-exclusive-report-by-marketsandmarkets

Asia Pacific Pharmacy Automation Market worth $725 million by 2027 – Exclusive Report by MarketsandMarkets™

 

According to the new market research report Asia Pacific Pharmacy Automation Market by Product (Automated Medication Dispensing & Storage Systems, Automated Table-Top Counters, Medication Compounding), End User (Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies) – Forecast to 2027″, published by MarketsandMarkets™, the APAC pharmacy automation market is projected to reach USD 725 million by 2027 from USD 453 million in 2022, at a CAGR of 9.8% during the forecast period.

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130 – Tables
 36 – Figures
184 – Pages

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The Growth in the market is mainly driven by the growing need to minimize medication errors, the rapid decentralization of pharmacies, and the rising geriatric population leading to increased adoption of automated dispensing systems.

The automated medication dispensing and storage system segment accounted for the largest share in 2021

Based on products, the pharmacy automation market is segmented into automated medication dispensing and storage systems, automated packaging and labeling systems, automated tabletop counters, automated medication compounding systems, and other pharmacy automation systems. In 2021, the automated medication dispensing and storage systems segment accounted for the largest share of this market, primarily due to the growing need to manage increasing workloads and reduce medication errors.

The inpatient pharmacies segment accounted for the largest share of the pharmacy automation market

Based on end users, the pharmacy automation market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, and pharmacy benefit management organizations and mail-order pharmacies. In 2021, inpatient pharmacies accounted for the largest share of this market. This is due to the increasing use of pharmacy automation dispensing and storage systems, such as automated dispensing cabinets, across inpatient healthcare facilities.

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Australia holds the largest share of the pharmacy automation market

Australia accounted for the largest share of the Asia Pacific pharmacy automation market in 2021. Factors such as growth in the healthcare expenditure and advanced medical infrastructure to contribute to the growth of the Australian pharmacy automation market.

The prominent players in the Asia Pacific pharmacy automation market are Becton, Dickinson and Company (BD) (US), Yuyama Co., Ltd/Yuyama Mfg Co., Ltd (Japan), Omnicell, Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), TOSHO Co, Inc. (Japan), Cerner Corporation (US), TouchPoint Medical Solutions (US), Takazono Corporation (Japan), Capsa Healthcare (US), and ARxIUM, Inc. (US).

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Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

Browse Related Reports:

Pharmacy Automation Market by Product (Automated Medication Dispensing & Storage Systems, Table-Top Counters, Retrieval Systems, Medication Compounding), End User (Inpatient, Outpatient (Fast-Track Clinics), Retail Pharmacies) – Global Forecast to 2027
https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

Central Fill Pharmacy Automation Market by Product (Equipment (Medication Dispensing System, Automated Medication Compounding Systems, Workflow Management), Service (Process Optimization, Facility Design), Software), Vendor – Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/central-fill-pharmacy-automation-market-87188549.html

plastic-hot-&-cold-pipe-market-worth-$8.7-billion-by-2027-–-exclusive-report-by-marketsandmarkets

Plastic Hot & Cold Pipe Market Worth $8.7 Billion by 2027 – Exclusive Report by MarketsandMarkets™

 

According to the new market research report Plastic Hot & Cold Pipe Market by Raw Material (PEX, PE-RT, PPR, C-PVC, and PB), Application (Water Plumbing Pipes, Radiator Connection Pipes and Underfloor Surface Heating & Cooling), End User, & Region – Global Trends & Forecast to 2027″, published by MarketsandMarkets™, global Plastic Hot & Cold Pipe Market size will grow to USD 8.7 billion by 2027 from USD 6.5 billion in 2022, at a CAGR of 5.9% during the forecast period. The growth of the residential sector is led by government support and incentives for adoption of underfloor heating system, even plastic hot and cold pipes are corrosion resistant, easy to install and cost efficient, hence these are driving demand for plastic hot and cold pipe globally. Moreover, building and construction sector is also witnessing surge in demand across globe after the COVID-19 crisis. For instance, according to Oxford Economics Report 2021, between 2020 and 2030, the worldwide construction market is predicted to rise by USD 4.5 trillion, reaching USD15.2 trillion. Plastic hot and cold pipes are widely used by residential sector, therefore growth in building and construction sector giving rise to opportunities for growth of the Plastic Hot & Cold Pipe Market.

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The Plastic Hot and Cold Pipe Market includes prominent Tier I and Tier II manufacturers like Georg Fischer, Wienerberger, Uponor, Aliaxis, and Genuit Group. These companies have their manufacturing facilities spread across North AmericaEuropeAsia Pacific and the other regions. Many plastic hot and cod pipe manufacturers have incorporating AI and IoT technologies that provide real-time monitoring, remote operation capability, failure diagnosis and troubleshooting and a host of other features. The Residential, Commercial (Malls & Shopping Complexes, Hospitals, Office Spaces, and Others) and Industrial (Power Generation, Oil and Gas, Chemical & Petrochemical, Automotive, and Others) industries are the amongst the largest consumers of plastic hot & cold pipe. The growth of these industries is expected to also lead to the growth of the Plastic Hot and Cold Pipe Market.

The water plumbing pipes segment is expected to dominate the Plastic Hot & Cold Pipe Market, by application, during the forecast period.

A home’s water supply system routes municipal water from the street to house, where it branches out to deliver the water to faucets, showers, toilets, bathtubs, and appliances such as the water heater, dishwasher, and washing machine. Water pipes, fittings, service valves, and faucets are the main components of this delivery and distribution system. Plastic, copper, or galvanized iron are the most popular materials for these pipes and associated fittings. Metal pipes are likely to corrode over a period of time but plastic hot and cold pipes such as C-PVC, PEX, PE-RT are corrosion resistant and easy to install. These pipes are also cost efficient compared to metal pipes. Therefore, demand for plastic hot and cold pipes in water plumbing segment is increasing.

Browse in-depth TOC on “Plastic Hot & Cold Pipe Market”

152 – Tables
55 – Figures  
216 – Pages

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The residential segment is expected to be the largest and fastest growing market, by end user, during the forecast period. 

The residential segment held the largest market share of the Plastic Hot & Cold Pipe Market in 2021. Plastic hot & cold pipes find a variety of applications in the residential segment, as these pipes are responsible for carry hot water, also used for underfloor heating & cooling houses. Residential segment is the largest and fastest growing segment because increase in population. According to United Nations (UN) the world population is projected to reach 8.5 billion in 2030, and to increase further to 9.7 billion in 2050 and 11.2 billion by 2100. As the population increases in the future, these will certainly create demand for residential housing sector. Eventually creating demand for plastic hot and cold pipe for residential use.

Asia Pacific likely to emerge as the largest Plastic Hot Cold Pipe Market

The Asia Pacific region accounted for the largest share of the pipe market in 2021. The major end users for plastic hot & cold pipe in the Asia Pacific region include residential, commercial and industrial industries. Growth in construction is also high in Emerging Asia, with average annual growth over 5% to 2030. Growth in China and India as well the Association of Southeast Asian Nations (ASEAN) economies will provide plenty of support. A cumulative total of almost USD 135 trillion is expected to be spent on construction globally over the next decade to 2030, with almost half attributed to growth in Asia Pacific. This raises important questions around the race to achieving Net Zero and climate change action.

The Asia Pacific region has emerged as global hub for manufacturing activity, with virtually every industry experiencing growth here. There is a tremendous requirement of power, and the countries in the region have hiked domestic production to meet the demand. According to BP Statistical Review of World Energy 2021, the region had the highest refining capacity of 35.8% in the world in 2020, which is expected to grow further. The region is also a hub for the petrochemical and chemical industries. Hence, a growth of these industries is expected to positively drive the regional Plastic Hot & Cold Pipe Market during the forecast period

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The Plastic Hot and Cold Pipe Market is dominated by major players that have a wide regional presence. Some of the key players in the Plastic Hot & Cold Pipe Market are Georg Fischer (Switzerland), Aliaxis (Belgium), Wienerberger (Austria), Genuit Group Inc. (UK), and Chevron Philips (US), Supreme (India), Wavin Asia (Singapore), Astral Pipes (India).

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

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Underfloor Heating Market by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region (2022-2027)

Thermoplastic Pipe Market by Product Type (TCP and RTP), Polymer Type (PE, PP, PVDF, PVC, Others), Application (Onshore & Offshore), End-user Industry (Oil & Gas, Water & Wastewater Treatment, Mining & Dredging) and Region – Global Forecast to 2026

PEX (Crossed-Linked Polyethylene) Market by Type (HDPE, LDPE, Others), Technology (PEXa, PEXb, PEXc), Application (Wires & Cables, Plumbing, Automotive, Others), Region (APAC, EuropeNorth AmericaSouth America, MEA) – Global Forecast to 2025

1nce-now-provides-one-of-the-world’s-largest-nb-iot-coverage-maps-at-a-single-price

1NCE now provides one of the world’s largest NB-IoT coverage maps at a single price

 

1NCE, the only provider of connectivity and software for IoT at a global flat rate, today announced at Embedded World Nuremberg a significant expansion of its global IoT network coverage. The company has doubled its footprint of Narrowband-IoT (NB-IoT) coverage and now has one of the world’s largest NB-IoT coverage maps, available at a single price worldwide.

1NCE now offers NB-IoT in AustriaBelgiumChinaCroatiaDenmarkFinlandGermanyGreat BritainGreeceHungaryItalyNetherlandsNorwayPuerto Rico, Slovak Republic, SpainSwedenTaiwanthe United States, and the U.S. Virgin Islands.

New destinations via 2G, 3G, and 4G include (among others): AlgeriaAndorraBahrainBeninBoliviaCosta RicaCubaCuracaoGabonLebanonMauritiusMozambiqueNew Caledonia, Suriname, TajikistanTogo, and Uruguay.

“The demand for cross-border availability of low power networks is increasing as more companies and cities realize the power that IoT-driven intelligence can have in creating a strong impact in their field,” said Ivo Rook, COO at 1NCE. “Network availability without the hassle of multiple vendors is critical for large scale, multinational IoT deployments in every industry.”

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