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Jerard Rice Drops Highly Anticipated Debut Album “Love Shouldn’t Cost a Thing”

Webster, MA artist Jerard Rice releases debut album; a blend of Hip Hop and R&B sounds.

Jerard Rice, formerly known as Rice, is set to release his debut album, “Love Shouldn’t Cost a Thing,” on July 11th, marking a significant milestone in his evolving career. This 10-song album is a vibrant collection of tracks that reflect Rice’s personal journey, resilience, and commitment to using his music as a platform for inspiration and social awareness.

The album features a diverse range of sounds and collaborations. Standout tracks include “Starz (world version),” produced by Oliver Sean and included on the WorldBeat Project, “New Jack,” produced by MADD Maxx, and “Blog it,” produced by JJ Lunden. Additionally, “Petty Love” is featured on Volume 14 of the Independent #1’s Compilation Album, while “Popeye” is produced by Wave Dweller, and “Juice” produced by Robert Tar is included on Independent #1’s Compilation Album Volume 12. “No Brady” featuring JMuzique, also featured on volume 12 compilation Album, previously hit the top UK charts with its accompanying video during its initial release.

Rice’s motivation for this album stems from a deep-seated desire to inspire, motivate, and bring awareness to issues impacting society. His music is authentic, drawing from his own experiences and the strength he’s found in overcoming challenges. Part of the funding for “Love Shouldn’t Cost a Thing” was generously provided by the Masscultural Council, the Doug Flutie Jr. Foundation for Autism, and the Kodilee Give Back Grant, underscoring the community support behind Rice’s vision. Listen to Jerard Rice here.

Rice has a powerful connection to the Doug Flutie Jr. Foundation, which celebrated and recognized differences as something beautiful in the world. He notably performed “Starz” at the 1st Annual Boston Festival for Autism at Fenway Park, reaching an audience of over 10,000 people while embracing his identity as someone on the spectrum.

Looking ahead, Rice plans to tour, establish himself as a full-time entrepreneur, and continue his journey as a singer-songwriter. With “Love Shouldn’t Cost a Thing,” he invites listeners to join him on a path of self-discovery, empowerment, and positive change.

Visit Jerard’s website to get a free download, buy the album, and get entered to win free merch! Follow Jerard on social media @theresl_arroz and @riceofficial!

ABOUT

Jerard Rice has built a remarkable career as an independent artist, blending hip-hop, pop, blues, and world music to create a sound uniquely his own. Diagnosed with autism at 16, Rice has embraced his identity not just as a musician but as a powerful advocate for autism awareness and social change. His music is deeply personal, yet universally relatable, tackling themes of self-discovery, perseverance, and empowerment.

Rice’s activism in the Black Lives Matter movement, particularly following the death of George Floyd, cemented his belief in the power of music as a catalyst for change. His discography is a reflection of his journey, with standout tracks like “Bet On It,” “Big Dreams,” and “Next 2 Paradice” (featuring Sean Kingston) offering anthems of hope and determination. His music isn’t just for entertainment—it’s a movement.

Beyond the studio, Rice’s live performances have captivated audiences at major venues, including Fenway Park and Veterans Stadium. He has shared the stage with industry legends such as Ralph Stockman of Boyz II Men and DJ Pauly D, bringing his high-energy presence and deep lyrical messages to fans worldwide.

Musical Impact & Style

Inspired by industry icons Lil Wayne and 50 Cent, Rice embodies their work ethic and fearlessness in breaking musical boundaries. His approach to music is both strategic and heartfelt, blending his personal experiences with a sound that continues to evolve as he does. His upcoming project, “Love Shouldn’t Cost a Thing,” delves into self-discovery, exploring themes of love, identity, and purpose.

Notable Achievements

Chart Success: Multiple iTunes chart-topping singles, including “New Jack” and “C’est La Vie.”
Awards:
- BWH Music Award (Pop Silver Award for “Trauma” ft. C-Quig)
- Hip-Hop Gold Award (“C’est La Vie”)
- xMA 2024 Pop Award (“Trauma” ft. C-Quig)
- 2024 International Songwriter Contest Semi-Finalist (“New Jack”)
Live Performances:
- 2024 UK Summer Tour (including Woodstock at Whitwick Festival, Nottinghamshire, and Sun & Moon Festival, Surrey)
- 2nd Annual Stars on the Spectrum Music Festival (alongside Faith Evans, Kodi Lee, and Doug Flutie Band)
- 2Hot Radio Super Bowl & Grammy Awards Weekend Performances

Signature Tracks & Their Stories

“Starz” – A reflection on how we idolize celebrities, often unaware of their true struggles. It questions perception versus reality, emphasizing that without admiration, a star cannot shine.
“Starvin” – A raw depiction of the hunger for success, respect, and the ability to uplift loved ones. It embodies the relentless pursuit of greatness.
“C’est La Vie” – An empowering anthem about walking away from situations that no longer align with personal growth and goals.

Future Aspirations

Rice is focused on expanding his reach through more releases, festival performances, and collaborations with influential producers. His long-term vision is to make music his full-time career while using his platform to advocate for autism awareness, mental health, and community empowerment.

Follow Rice’s Journey:

Website: RiceOfficialMusic.comFacebook: @PheonixRiceInstagram: @thereal_arrozYouTube: Jerard RiceSoundCloud: Jerard RiceSpotify: Jerard Rice

Final Thoughts

Jerard Rice is more than just an artist—he’s a storyteller, an advocate, and a force of nature in the music industry. With his unwavering dedication to authenticity, his passion for meaningful music, and his fearless approach to breaking barriers, Rice is a name to watch as he continues to leave his mark on the world.

LINKS

http://www.riceofficislmusic.com

https://flutiefoundation.org/about/meet-our-team/jerard-rice/

https://www.woaentertainment.com/news/woa-entertainment-unveils-independent-no1s-breakthrough-artists-ii-a-celebration-of-indie-excellence

https://riceofficialmusic.com/

https://www.facebook.com/PheonixRice?mibextid=LQQJ4d

https://www.instagram.com/thereal_arroz

https://youtube.com/channel/UCa-jgAIJFQWbX8FXv_UhbPA

https://soundcloud.com/jerard-r-rice

https://open.spotify.com/artist/?si=GrLer1tCQR2C1WwGIrQyhg

@jerardrrice

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Contact Person: Jerard Rice
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Phone: 800-983-1362
City: Webster
State: MA
Country: United States
Website: http://www.riceofficislmusic.com/

Scale Track Launches a Next-Gen Ad Tracking Platform for Performance Marketers, Agencies, and Affiliates

Scale Track Technologies, LLC officially launches Scale Track — a next-generation ad tracking platform and analytics suite built specifically for affiliate marketers, performance agencies, and eCommerce brands looking to scale with clarity.

Originally developed as an internal tool to power multi-million-euro campaigns, Scale Track was built to solve real problems marketers face when trying to scale — unreliable attribution, broken data across platforms, and lack of actionable insight.

“We created Scale Track because traditional trackers weren’t built for scale. We needed deep reporting, clean data, and real control over performance. Now we’re sharing it with teams who scale like we do,” said Esef Cosic, co-founder of Scale Track.

Built by Practitioners, Not Just Engineers

Unlike generic SaaS tracking tools, Scale Track was engineered by an in-house performance marketing team that understands what it takes to run and scale profitable campaigns. After years of internal development and battle-testing across affiliate, eCommerce, and lead gen campaigns — the platform is now available to the public.

Key Features & Benefits

Scale Track provides a complete tracking and optimization infrastructure built around the real needs of media buyers and agencies:

– Multi-account campaign tracking for Facebook, TikTok, Google & native — with source-level breakdowns

– Funnel View to monitor drop-off points and optimize conversion flow in real-time

– Smart tracking templates and easy postback setup — no technical team required

– Performance reports by ad, creative, landing page, GEO, device, and more

– Team collaboration tools including agency dashboards and multi-user access

– Automated ad account warmup tracking to monitor early-stage campaigns and maintain health

– Fast-loading analytics dashboard optimized for day-to-day media buyer workflows

– Built-in support for scaling campaigns across hundreds of variations without data loss

– Reliable data sync even during traffic spikes and platform delays

Whether users are optimizing affiliate funnels, launching DTC products, or managing large client portfolios — Scale Track ensures that every click, event, and conversion is tracked with clarity.

Ready for Agencies, Affiliates & Brands

Scale Track is now onboarding early users across Europe and North America. Its flexible structure and intuitive setup process make it ideal for:

– Affiliate teams running performance arbitrage or smartlink models

– Agencies managing client campaigns across multiple ad platforms

– eCommerce brands scaling offers across paid social and native traffic

– Lead generation experts who need clean, accurate data across devices and sessions “We’ve used nearly every tracker on the market. Scale Track finally combines the depth we need with the speed we expect,” said one of the agency beta users.

To learn more or request early access, visit www.scaletrack.com

About Scale Track Technologies, LLC

Scale Track Technologies, LLC is a privately-owned technology company headquartered in Vilnius, Lithuania. The company builds performance marketing infrastructure and SaaS tools for digital professionals who value accuracy, transparency, and scale.

Company Name: Scale Track Technologies, LLC

Company Code: 307088810

Address: Eduardo Andre g. 14-5, LT-02232, Vilnius, Lithuania

Website: www.scaletrack.com

Email: backoffice@scaletrack.com

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Oligonucleotide Synthesis Market worth US$24.7 billion by 2030 with 10.8% CAGR

“Some of the leading players in the market include Danaher Corporation (US), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Eurofins Scientific (Luxembourg), LGC Limited (UK), Agilent Technologies, Inc. (US), Kaneka Corporation (Japan), Maravai LifeSciences (US), Azenta US Inc. (US), Twist Bioscience (US), and GenScript (US), among others.”

Browse 568 market data Tables and 77 Figures spread through 455 Pages and in-depth TOC on “Oligonucleotide Synthesis Market by Product ((Drugs (ASO, siRNA), Synthesized Oligos (Product (Primers, Probes)), Type ((Custom, Predesigned), Reagents, Equipment), Application (Therapeutic (Rare Diseases), Research, Diagnostics) – Global Forecast to 2030

The global Oligonucleotide Synthesis Market, valued at US$8.9 billion in 2024 stood at US$10.5 billion in 2025 and is projected to advance at a resilient CAGR of 18.6% from 2025 to 2030, culminating in a forecasted valuation of US$24.7 billion by the end of the period. The oligonucleotide synthesis market is experiencing significant growth, driven by the increasing applications of synthesized oligonucleotides in therapeutics & diagnostics. This growth is supported by technological advancements and rising investments in life sciences research and synthetic biology. Additionally, the growing emphasis on precision and personalized medicine contributes to this expansion, creating new opportunities as key players increase their research and development investments in emerging economies.

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Browse in-depth TOC on “Oligonucleotide Synthesis Market“

568 – Tables

77 – Figures

455 – Pages

By product, the oligonucleotide-based drugs segment is categorized into antisense oligonucleotide-based drugs, siRNA oligonucleotide-based drugs, and other oligonucleotide-based drugs. In 2024, the ASOs or antisense oligonucleotide-based drugs segment accounted for the largest share of the market. ASOs are short, single-stranded nucleic acids that bind selectively to RNA targets. These have seen rapid clinical & commercial uptake owing to their versatility in modulating gene expression, treating rare genetic disorders, and addressing oncology targets. Regulatory approvals for landmark ASO therapies, such as Nusinersen for spinal muscular atrophy and Inotersen for hereditary ATTR amyloidosis, have driven both analyst & investor confidence, fueling expanded manufacturing capacity and robust R&D pipelines. The central importance of developing the oligonucleotide therapy scene is pronounced by high yields, reduced manufacturing complexity, and known delivery platforms, thus contributing to market uptake during the studied period.

By end user, the oligonucleotide synthesis market includes hospitals, pharmaceutical & biotechnology companies, diagnostic laboratories, and CROs & CMOs. In 2024, the hospitals segment accounted for the largest share of the market. The growth of the hospitals segment is attributed to the rising demand for oligonucleotide-based drugs for rare & neurological diseases, primarily owing to the increasing target patient population. The significant share of this segment reflects the key role of hospitals in delivering these advanced treatments. The rising prevalence of infectious & chronic diseases is expected to fuel the need for precise therapeutics such as oligonucleotide drugs, which are also crucial for applying personalized medicine approaches in hospitals.

By geography, in 2024, North America accounted for the largest share of the oligonucleotide synthesis market owing to its presence of strong regional players who have advanced manufacturing capabilities and robust supply-chain networks. These companies benefit from product approvals granted with supportive regulatory frameworks implemented by the USFDA and Health Canada. Product commercialization and innovation are the primary growth catalysts for the region’s expanding pharmaceutical & biotechnology industry. Partnerships and investments with academic & research centers for upscaling production are also expected to be growth drivers for this regional segment.

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Some of the leading players in the market include Danaher Corporation (US), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), Eurofins Scientific (Luxembourg), LGC Limited (UK), Agilent Technologies, Inc. (US), Kaneka Corporation (Japan), Maravai LifeSciences (US), Azenta US Inc. (US), Twist Bioscience (US), and GenScript (US), among others.

Danaher Corporation (US):

One of the key players in the oligonucleotide synthesis market is Integrated DNA Technologies (IDT), a subsidiary of Danaher Corporation, along with its sister company, Cytiva. Together, they offer a variety of products, including pre-designed and custom oligonucleotide probes, primers, and therapeutic oligonucleotides, such as antisense oligonucleotides (ASOs). Additionally, the company supplies reagents, consumables, and equipment, including synthesizers for oligonucleotide synthesis. Geographically, the company operates in over 50 countries spanning North America, the Asia Pacific, Europe, the Middle East, and Africa. IDT and Cytiva have focused on organic growth strategies, emphasizing expansions and partnerships. For instance, in 2023, Integrated DNA Technologies opened a therapeutic oligonucleotide manufacturing facility in Coralville, Iowa. This state-of-the-art facility is designed to produce reagents for cGMP cell & gene therapy, including single-guide RNAs and HDR donor oligonucleotides. The facility includes eight ISO cleanrooms, purification suites, chemical distribution & storage areas, quality control laboratories, analytical spaces for product testing, and ancillary & office spaces. There are also shell spaces set aside for future expansion.

Thermo Fisher Scientific (US)

Thermo Fisher is one of the leading players in the oligonucleotide synthesis market in 2024. This significant share is due to a strong product portfolio, including custom & pre-designed primers, probes, DNA, RNA oligos, and reagents & consumables. The company undertakes various organic & inorganic strategies to strengthen its position in the market. For instance, in 2021, Thermo Fisher Scientific collaborated with the University of Sheffield to develop workflows to characterize and monitor complex oligonucleotide and mRNA products. The company also has a strong geographic presence and operates in over 50 countries across North America, Europe, the Asia Pacific, and Latin America.

Biogen (US)

Biogen is also a leading company in the oligonucleotide synthesis market. The recent FDA accelerated approval of QALSODY (Tofersen) for the treatment of amyotrophic lateral sclerosis (ALS) in adults, along with the growing adoption of Spinzara, a blockbuster oligonucleotide-based drug the company has offered since 2016, supports its leading position in the market. The company operates an oligonucleotide synthesis manufacturing (OSM) facility in North Carolina, which is used to produce antisense oligonucleotide drugs like Spinzara and other candidates currently in development. It employs various strategies to strengthen its market presence, including expansions and collaborations. For instance, in February 2025, Biogen and Stoke Therapeutics, Inc. collaborated to develop & commercialize Zorevunersen, an investigational antisense oligonucleotide (ASO) for treating Dravet syndrome.

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Facility Management Market Outlook 2030: Growth, Trends, Latest Opportunities and Key Players

“CBRE Group (US), Jones Lang Lasalle (US), Trimble (US), Nemetschek (Germany), Johnson Controls (US), IBM (US), Oracle (US), SAP (Germany), Fortive (US), Infor (US), MRI Software (US), Eptura (US), Planon (Netherlands), Apleona Group (Germany), Cushman & Wakefield (US).”

Facility Management Market by Offering (Solutions (IWMS, BIM, Facility Operations & Security Management) and Services), Vertical (BFSI, Retail, Construction & Real Estate, Healthcare & Life Sciences), and Region – Global Forecast to 2030

The facility management market is projected to expand at a compound annual growth rate (CAGR) of 17.8% from USD 61.08 billion in 2025 to USD 138.50 billion by 2030. A number of important market dynamics are responsible for the transition of facility management from a support role to a strategic component. Businesses make significant investments in technologies like IWMS and BIM to improve labor efficiency, attain sustainability objectives, assure compliance, and strengthen operational resilience. By combining tasks like energy monitoring, lease accounting, asset tracking, and security management, these systems enable data-driven decision-making, predictive maintenance, and real-time facility operations visibility. Managing intricate infrastructures, achieving ESG goals, and ensuring business continuity all depend on this degree of integration, which propels the industry.

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The rise of digital transformation and sustainability mandates is transforming facility management into a strategic driver of operational excellence, cost savings, and compliance. Integrated solutions such as IWMS, BIM, and IoT-enabled systems offer real-time data analytics, predictive maintenance, and centralized control over building operations. For instance, CBRE and JLL leveraged such technologies to enhance service delivery and tenant satisfaction across commercial portfolios.

Similarly, Fortescue Metals in Australia used system information modeling to achieve significant cost savings and enhanced project execution at its mining and port facilities. The need for efficient resource utilization and adherence to stringent environmental standards drives the adoption of these advanced technologies. As organizations prioritize sustainability and operational efficiency, the demand for integrated facility management solutions is expected to continue its upward trajectory.

By solution, the facility property management segment is expected to hold a larger market share during the forecast period

The facility property management segment comprises a broad range of services, such as lease administration, asset management, space planning, and real estate portfolio management, for efficient operation and maintenance of physical assets, including buildings, grounds, and infrastructure. The growing complexity of real estate portfolios and the need for operational efficiency and cost control have driven organizations to invest in comprehensive property management solutions. For instance, CBRE and JLL have developed integrated platforms that offer real-time data analytics, predictive maintenance, and lease optimization tools, enabling property managers to make informed decisions and enhance tenant satisfaction. Additionally, technological advancements, such as integrating Internet of Things (IoT) devices and Building Information Modeling (BIM), have further boosted the capabilities of property management solutions. These technologies enable proactive maintenance, energy management, and space utilization optimization, helping the segment maintain its expected dominance in the facility management market.

By enterprise, the IT &ITeS segment is expected to register the highest growth rate during the forecast period.

The Information Technology (IT) and Information Technology-enabled Services (ITeS) sector is experiencing rapid growth, driven by the increasing reliance on technology across various industries. This sector encompasses various services, including software development, data analytics, cloud computing, and customer support services. The demand for IT and ITeS services is being fueled by digital transformation initiatives, data proliferation, and the need for businesses to enhance operational efficiency and customer experience.

Tata Consultancy Services (TCS), Infosys, and Wipro have been at the forefront of this growth, offering innovative solutions that cater to diverse business needs. For example, TCS’s enterprise solutions have helped organizations streamline operations, reduce costs, and improve service delivery. Favorable government policies, infrastructure investments, and the increasing adoption of emerging technologies such as artificial intelligence and machine learning fuel the sector’s growth. As businesses continue to prioritize digitalization, the IT and ITeS segment is poised to register the highest growth rate in the facility management market.

North America is projected to register the largest market size during the forecast period

North America, particularly the US and Canada, is anticipated to dominate the facility management market in terms of market size during the forecast period. This dominance can be attributed to advanced infrastructure, high technology adoption, and a mature real estate market. The region’s emphasis on sustainability, regulatory compliance, and operational efficiency has led to the widespread use of integrated facility management solutions.

CBRE, JLL, and Cushman & Wakefield have established a strong presence in the region, offering comprehensive services encompassing property management, maintenance, energy management, and security services. Additionally, the increasing trend of outsourcing non-core functions has driven the demand for facility management services, allowing organizations to focus on their core competencies while ensuring efficient facility operations. The region’s commitment to innovation and a robust service sector positions North America to register the largest market size in the facility management industry during the forecast period.

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Unique Features in the Facility Management Market

Facility Management (FM) has evolved with the integration of IoT, AI, and smart sensors. These technologies allow real-time monitoring of assets, predictive maintenance, and energy optimization. Smart building solutions, including automated lighting, HVAC systems, and occupancy sensors, enhance operational efficiency and reduce costs. This shift enables data-driven decisions and proactive management of infrastructure.

The adoption of cloud-based FM solutions is a major trend, offering centralized access to maintenance schedules, asset tracking, compliance data, and performance analytics. These platforms enable remote collaboration, multi-site management, and scalability while minimizing the need for on-premise IT infrastructure. The Software-as-a-Service (SaaS) model makes FM more flexible and cost-effective.

Sustainability is a driving factor in modern FM. Organizations are aligning with LEED, BREEAM, and ISO 50001 standards to reduce their environmental footprint. Facility managers now focus on energy audits, waste management, and water conservation. Green FM practices not only improve brand image but also lower operational costs and comply with global regulations.

Modern FM goes beyond building maintenance—it enhances the workplace experience. Technologies such as workplace apps, hot-desking solutions, and indoor air quality monitoring are used to ensure safety, comfort, and productivity. FM providers now incorporate human-centric design and wellness parameters, reshaping employee satisfaction and retention strategies.

Major Highlights of the Facility Management Market

The facility management market is experiencing substantial growth due to rapid urbanization, smart city initiatives, and increased infrastructure development globally. As commercial spaces, hospitals, educational institutions, and industrial facilities expand, the demand for professional facility management services has surged across both developed and developing economies.

Digital transformation is reshaping facility management. The adoption of advanced technologies such as IoT, AI, machine learning, and digital twins is enabling smarter buildings and more efficient asset management. These innovations provide real-time visibility, reduce operational costs, and enhance the performance of physical assets.

Organizations are increasingly outsourcing facility management to specialized providers to reduce costs, improve service quality, and focus on core operations. Integrated Facility Management (IFM) models, where multiple services are bundled under a single contract, are gaining popularity due to their operational efficiency and cost-effectiveness.

Stricter environmental and safety regulations have pushed organizations to adopt sustainable facility management practices. Companies are investing in energy-efficient systems, green certifications, and waste reduction strategies to comply with local and global sustainability mandates, boosting the role of FM in achieving ESG (Environmental, Social, Governance) goals.

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Top Companies in the Facility Management Market

The report profiles key players such as CBRE Group (US), Jones Lang Lasalle (US), Trimble (US), Nemetschek (Germany), Johnson Controls (US), IBM (US), Oracle (US), SAP (Germany), Fortive (US), Infor (US), MRI Software (US), Eptura (US), Planon (Netherlands), Apleona Group (Germany), Cushman & Wakefield (US), Sodexo (France), and Aramark (US).

CBRE Group (US)

CBRE Group, the world’s leading facility management company, enhanced its operations in 2024 by integrating J&J Worldwide Services, a military-hospital engineering specialist, into its network of over 700 data centers. The company’s Building Operations & Experience (BOE) segment manages enterprise and local FM contracts, property management, technical and engineering services, and flexible workspace operations. CBRE’s recent acquisitions demonstrate its focus on growth by adding Direct Line Global, which has enhanced its hyperscale data center capabilities, and the complete acquisition of Industrious, which has expanded its workplace experience services to over 200 sites worldwide. With 2024 revenue of USD 35.8 billion, CBRE reported a 24% surge in FM-related net revenue, driven by demand from technology, healthcare, and life sciences industries. BOE now delivers cutting-edge, tailored FM solutions, integrating people, assets, and budgets into an end-to-end operating model that enhances uptime, sustainability, and productivity for clients worldwide.

Jones Lang Lasalle (US)

In 2024, JLL secured significant wins in the facility management (FM) sector, including a contract to manage 22 U.S. General Services Administration properties and a global partnership with Rolls-Royce. The company handles over 4.6 billion square feet of real estate globally and operates through five key business lines: Markets Advisory, Capital Markets, Work Dynamics, JLL Technologies, and LaSalle. FM services are primarily delivered through Work Dynamics and JLL Technologies, using advanced tools such as JLL Serve, an AI-based platform for predictive maintenance and compliance, and Corrigo and Azara for analytics and portfolio management. JLL reported USD 23.4 billion in revenue for 2024 and continues to expand its FM operations with a focus on sustainability and innovation. In recognition of its operational excellence, JLL’s Operational Excellence FMP team received the prestigious George Graves Award for Facility Management Achievement at IFMA’s 2024 World Workplace conference.

IBM (US)

IBM is a significant player in the Facility Management Market, offering innovative solutions that leverage advanced technologies such as AI, IoT, and data analytics. IBM’s offerings in this market include IBM TRIRIGA, an integrated workplace management system (IWMS) that helps organizations optimize their real estate portfolios, manage facilities, and enhance operational efficiency. By integrating predictive analytics and cognitive computing, IBM’s facility management solutions enable proactive maintenance, energy management, and space optimization, thereby helping organizations reduce costs, improve sustainability, and enhance the overall workplace experience.

SAP (Germany)

SAP SE is a key player in the Facility Management Market, providing comprehensive solutions designed to streamline and enhance facility operations. SAP’s offerings include the SAP Real Estate Management application, which integrates with their SAP S/4HANA platform to deliver robust functionalities for property management, maintenance, and lease administration. By leveraging advanced analytics, IoT, and machine learning, SAP enables organizations to optimize building performance, reduce operational costs, and improve the efficiency and sustainability of facility management processes. This holistic approach helps businesses maintain high standards of safety, compliance, and occupant satisfaction.

Planon (Netherlands)

Planon is a prominent player in the Facility Management Market, offering innovative software solutions that enhance the efficiency and effectiveness of facility and real estate management. Their integrated workplace management system (IWMS) includes modules for maintenance management, space and workplace management, real estate management, and sustainability. Planon’s platform helps organizations streamline operations, improve asset performance, and reduce costs through data-driven insights and automation. With a strong focus on sustainability and digital transformation, Planon supports businesses in optimizing their facility management processes to create smarter, more sustainable buildings and workspaces.

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Electronic Toll Collection Market worth $15.20 Billion by 2030, at a CAGR of 8.3%

“Electronic Toll Collection Market”

The Electronic Toll Collection Market is likely to be valued at USD 10.19 billion in 2025 and reach USD 15.20 billion by 2030. It is expected to register a CAGR of 8.3% during the forecast period.

The report “Electronic Toll Collection Market by Radio-Frequency Identification, Dedicated Short-Range Communications, Hardware, Back Office & Other Services, Highways, Urban Areas, Transponders/Tag-based Tolling Systems and Region – Global Forecast to 2030” The global electronic toll collection market is anticipated to grow from USD 10.19 billion in 2025 to USD 15.20 billion by 2030 at a CAGR of 8.3% during the forecast period. The main reason behind the growth of the electronic toll collection market is the increasing number of vehicles on roadways in densely populated urban areas. Electronic toll collection (ETC) systems address traffic congestion issues by enabling faster, seamless payments using technologies, including RFID. Moreover, the push for a greener future encourages more people to adopt ETC, as it helps cut down on vehicle idle time and pollution in areas where many people live and commute.

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Browse 232 market data Tables and 65 Figures spread through 245 Pages and in-depth TOC on “Electronic Toll Collection Market”

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Highways segment is likely to account for a larger market share in 2030.

The highways segment is expected to grow at a higher CAGR of the Electronic Toll Collection Industry during the forecast period. Faster and efficient toll collection, reduced traffic congestion, and shorter travel are the key reasons for demanding ETC systems on highways. Increasing traffic volumes each day on highways necessitates tolling automation to streamline operations. In addition, ETC helps improve revenue collection accuracy and preserve environmental sustainability by reducing vehicle idling and emissions.

Other technologies segment is expected to register the highest CAGR between 2025 and 2030

The other technologies segment is anticipated to grow at the highest CAGR in the electronic toll collection market during the forecast period. More effective management of high traffic volumes in big cities is the reason for the rising interest in other technologies, such as automatic number/license plate recognition (ANPR/ALPR), automatic vehicle classification (AVC), and weigh-in-motion (WIM) tolling). With these systems, vehicle identification and classification are accurate, so there are fewer chances of errors. They make it easier to catch violations, ensure safer roads, and gather information needed for planning improvements, all of which make how tolls are operated more reliable.

Asia Pacific is expected to hold the largest share of the electronic toll collection market in 2025.

Asia Pacific is anticipated to capture the largest share of the global electronic toll collection market in 2030. The surging infrastructure development, mainly of highways and cities, pushes up the demand for ETC systems in the region. With more people owning vehicles in these countries, the requirement for automated and flexible tolling increases. Additionally, the presence of highly populated countries, such as China and India, has deployed ETC systems to streamline the tolling operations.

Key Players

Key Players in the Electronic Toll Collection Companies include Kapsch TrafficCom AG (Austria), Conduent Incorporated (US), ST Engineering (TransCore) (US), Thales (France), Siemens (Germany), Cubic Corporation (US), EFKON GmbH (Austria), Neology, Inc. (US), FEIG ELECTRONIC (Germany), and Q-Free (Norway).

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Country: United States
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CF & CFRP Market 2025-2030: Industry Outlook, Trends Analysis, New Opportunities, and Prospects

The Carbon Fiber (CF) and Carbon Fiber Reinforced Polymer (CFRP) market is witnessing robust growth, driven by rising demand for lightweight, high-strength materials in aerospace, automotive, and wind energy sectors. Leading companies like Toray, Teijin, Mitsubishi Chemical, and Hexcel are expanding capacity and advancing technology, positioning the market for strong global expansion.

The CFRP market is projected to grow from USD 22.48 billion in 2025 to USD 35.55 billion by 2030, at a CAGR of 9.6% during the forecast period. This report provides a comprehensive analysis of the market, including CFRP market size, trends, drivers and constraints, competitive aspects, and prospects for future growth. Continuous technological innovation in 3D printing drives growth in the 3D printing metals market.

The market for CF & CFRP is influenced by several primary factors, including the presence of numerous manufacturers, government support, and increased carbon fiber production. The rising number of manufacturers worldwide encourages competition and innovation, resulting in the development of lightweight, high-strength CF & CFRP products. The growing demand for electric vehicles and the need for lightweight materials to enhance their range and efficiency have further boosted the demand for CF & CFRP in the automotive industry. Additionally, the increasing trend toward sustainability and eco-friendliness has led to the rising use of CF and CFRP in renewable energy applications, particularly in wind energy for producing long-lasting and durable wind turbines.

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PAN dominated the precursor type segment in terms of value in the CF market

PAN precursor dominates the CF market due to its superior strength, stability, and higher carbon yield. About 90% of the carbon fiber produced is made from PAN, while the remaining 10% comes from rayon or petroleum pitch. PAN-based carbon fiber is produced from acrylonitrile through a process involving PAN fiber synthesis, flame retardant treatment, carbonization, graphitization, surface treatment, and sizing. The lightweight and high-strength characteristics of PAN-based carbon fiber have led to its extensive use across various applications, such as aircraft brakes, space structures, military and commercial planes, lithium batteries, sporting goods, and structural reinforcement in construction materials.

Recycled carbon fiber is expected to grow at the highest CAGR in terms of value in the CF market during the forecasted period

In the CF market, the recycled carbon fiber segment is expected to register the highest CAGR due to growing sustainability goals and stricter environmental regulations, which push industries to reduce waste and carbon emissions. It offers a cost-effective alternative to virgin carbon fiber, making it attractive for automotive, aerospace & defense, wind energy, and sporting goods manufacturers. Advancements in recycling technologies have improved the quality and consistency of recycled carbon fiber, expanding its applications. Additionally, companies are seeking lightweight, high-performance materials to enhance fuel efficiency and product durability.

The pipe & tank industry is expected to register the second-highest CAGR in terms of value in the CFRP market during the forecast period

The pipe & tank segment will register the second-highest growth rate in the CFRP market. As CFRP offers outstanding properties, such as a high strength-to-weight ratio, corrosion resistance, and durability, it makes it an ideal substitute for traditional materials like steel and aluminum in demanding applications. In the oil & gas sector, CFRP pipes and tanks are mostly used to transport crude oil and store high-pressure gases, as they have the ability to withstand harsh environmental conditions like saltwater and corrosive chemicals, further extending shelf life and reducing maintenance costs. CFRP pipes & tanks are also being used in the chemical industry for enhanced resistance to water vapor and mechanical stress in applications like chlorine production by replacing rubber-lined steel tanks.

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Europe accounted for the second-largest share of the CFRP market in terms of value

Europe dominates the CFRP market due to strong demand from the aerospace and automotive industries for improved efficiency and reduced carbon emissions. The CFRP market in Europe is characterized by capacity expansions, joint ventures, and agreements among various leading players. Airbus generates high demand for carbon fiber reinforced plastics. The company’s Superjumbo A380 and A350 are constructed with large quantities of CF & CFRP. The recently released A380 is a sizable aircraft made from approximately 30 tons per unit of carbon fiber. Many regional car manufacturers, such as BMW (Germany) and Audi (Germany), now utilize carbon fiber reinforced plastics on a significant scale. The carbon fiber reinforced plastic (CFRP) market in Europe has been experiencing growth and significant demand from various sectors. Europe is home to several prominent automotive manufacturers, aerospace companies, and renewable energy projects, all of which contribute to the increasing adoption of CFRP.

CF & CFRP Companies

Toray Industries, Inc. (Japan)

Toray Industries, Inc. is a Japanese multinational company that specializes in advanced materials and technologies. The company operates across various sectors, including fibers and textiles, performance chemicals, carbon fiber composite materials, and environmental and engineering solutions. It offers carbon fibers and carbon fiber reinforced plastics through its carbon fiber composite materials business segment, which is designed to meet the rigorous demands of aerospace and industrial applications. Toray Industries, Inc. has operations in Japan, China, South Korea, the US, and several European nations. The company’s commitment to innovation and sustainability is evident in its ongoing development of advanced carbon fiber technologies and its strategic initiatives to reduce CO2 emissions, aiming for carbon neutrality by 2050.

Mitsubishi Chemical Corporation (Japan)

Mitsubishi Chemical Corporation, a subsidiary of Mitsubishi Chemical Group Corporation, is a global leader in the chemicals sector, focusing on advancing science and technology. The company operates within five business segments: Specialty Materials, MMA & Derivatives, Basic Materials & Polymers, Pharma, and Industrial Gases. Through the advanced composites & shapes sub-segment under Specialty Materials, the company offers carbon fiber and carbon fiber products for various applications in the automotive, aerospace & defense, industrial equipment, wind energy, medical, and other industries. Mitsubishi Chemical Corporation has four manufacturing facilities in Japan, along with overseas services in the US, Hong Kong, China, and Germany. It also has a presence in other regions with sales representatives and distribution centers.

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Teijin Limited (Japan)

Teijin Limited is a key player in the global CF & CFRP market. Teijin Carbon Europe GmbH, a principal subsidiary of Teijin Limited, has been manufacturing high-performance carbon fiber under the brand name Tenax. It also offers advanced material solutions, including high-temperature resins, prepreg systems, new fibers, and tailored sizing, among others. Teijin Limited is expanding its global reach by entering into agreements and partnerships with other companies in the market. Additionally, it is acquiring major suppliers to enhance its production capacity to meet the growing demand. The company invests significantly in research & development for new products.

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Behavior Analytics Market Set to Exceed $13.4 billion by 2029: Key Opportunities, Trends, Drivers and Challenges

“Qualtrics (US), OpenText (Canada), Microsoft. (US), Cisco Systems, Inc. (US), IBM (US), Zoho Corporation (India), Oracle (US), Varonis Systems, Inc. (US), Fortinet, Inc. (US), Securonix (US), Teradata (US), Google (US), Adobe (US), SAS Institute (US), Qlik (US), Contentsquare (France), Exabeam (US).”

Behavior Analytics Market by Solutions (User and Entity Behavior, A/B Testing, Heatmap, Feedback & Voice of Customer), Application (Customer Engagement, Brand Promotion, Workforce Optimization, Threat Detection & Prevention) – Global Forecast to 2029.

The size of the worldwide behavior analytics market is expected to increase at a Compound Annual Growth Rate (CAGR) of 19.5%, from USD 5.5 billion in 2024 to USD 13.4 billion by 2029. A primary driver of the behavior analytics market’s expansion is the growing demand for sophisticated security solutions to identify and stop fraud and insider threats. In order to improve customer experience and personalize offerings, businesses must also better understand user behavior using behavior analysis. Behavior analytics is expanding across a wide range of businesses due to the quick uptake of cloud-based services and the incorporation of AI and machine learning technology.

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Behavior analytics is a surging functionality that has immense significance in the betterment of cybersecurity and operational efficiency. It empowers organizations to identify the anomaly, insider threat, and probable fraud by harnessing the power of user and entity behavior analytics. Similarly, as business enterprises gradually adopt higher-level technology Al and machine learning behavior analytics solutions also increase in terms of accuracy and adaptability. This allows the maturing of security postures, reduction of operational risks, and the making of data-driven decisions in pacing up to the threats that are rapidly morphing. The market is segmented on the basis of offering, type, application, and vertical. Offering includes solutions like user and entity behavior, A/B testing, Feedback and voice of the customer (VOC), Heatmap among other solutions like session replay, website conversion optimization. This further can be divided into customer-centric and employee-centric. Applications in this segment involve customer engagement, brand promotion, workforce optimization, threat detection, and prevention applications, many more of which get further categorized into applications like personalized recommendations, product development, and compliance management. The verticals segment includes BFSI, Retail & Ecommerce, Telecom, IT & ITES, Media & Entertainment, Healthcare, Government & Defense, Travel & Hospitality, and Other verticals, which include Transportation & Logistics and Energy & Utilities. These together provide a composite, deep view into the evolving landscape of behavioral analytics and its likely business implications.

“Based on application, customer engagement segment to hold the largest market size during the forecast period.”

Customer engagement would have the largest market size during the forecast period, owing to the fact that this segment potentially might register high growth by enhancing and personalizing customer interactions. Enterprises are leveraging behavior analytics to develop rich insights into customer preferences, purchasing habits, and interaction patterns. It therefore allows business organizations to come up with highly targeted marketing strategies, to base most of their offerings on the needs of customers, and to improve the quality of service. On the other hand, this better satisfies and creates more loyalty among customers, which again turns into more efficient strategies of customer engagement and retention. Coupled with this, the delivery of customized experiences that would be carried out in a way that would give a differentiating edge over their peers, especially with regard to closer ties with customers, has increased demand for behavior analytics solutions in the customer engagement space.

“Based on offering, the service segment is expected to hold a higher growth rate during the forecast period.”

The service segment is bound to grow at a higher rate in the forecast period, as more demand arises for support and expertise to deploy and manage behavior analytics solutions. In contrast to product-based offerings, services are comprehensive in nature, where implementation and customization, continuous support would be required to use such behaviour analytics tools to their full functionality by organizations. Consequently, the business starts striving to adopt these solutions in their existing system and optimally tunes them for its needs; therefore, increasing demand for professional consulting, training, and technical support. On the whole, behavior analytics solutions are complex in nature and require special kinds of knowledge and are always in a phase of maintenance in order to fight off threats and problems of businesses.

“Asia Pacific is expected to hold a higher growth rate during the forecast period.”

The factors that may drive the market growth rate higher in this region during the forecast period include the rapid digital transformation in Asia-Pacific and increasing adoption of advanced technologies, including cloud computing, Al, and machine learning, which are part and parcel of behavior analytics solutions. As companies in the region look toward improving cybersecurity and gaining better insights into user behavior, demand is high, surging for tools that can provide behavior analytics. This coupled with the rise in cyber threats and data breaches has called for organizations. As such, they tend to incur more expenditures for better analytics solutions while securing their assets. Again, the rising middle-class populations, together with growing technology start-ups and established firms, create the demand for behavior analytics to achieve operational efficiency and consumer engagement. In this regard, the mix of technological growth, heightened security concerns, and growing digital economy acts as the underpinning for the higher growth rate in the behavior analytics market of APAC.

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Unique Features in the Behavior Analytics Market

One of the most distinguishing features of the behavior analytics market is its ability to generate detailed user behavior profiles using data from diverse sources. These profiles help in identifying normal versus anomalous behavior across digital platforms, systems, and applications, thereby improving operational efficiency and enhancing security protocols.

Unlike traditional security systems that focus primarily on external threats, behavior analytics tools are uniquely equipped to detect insider threats. By analyzing deviations in user behavior patterns, these tools can flag potential malicious activity from within the organization, such as credential misuse or data exfiltration.

Behavior analytics solutions are designed for seamless integration with existing cybersecurity and IT management tools like SIEM (Security Information and Event Management) and UEBA (User and Entity Behavior Analytics). This interoperability allows organizations to enhance their security posture without overhauling their current infrastructure.

The market distinguishes itself with its emphasis on real-time behavioral monitoring and alert mechanisms. These systems continuously track user activities, allowing for immediate alerts and responses when suspicious behavior is detected, thus minimizing potential damage or data loss.

Major Highlights of the Behavior Analytics Market

The behavior analytics market is witnessing significant growth due to the increasing need for advanced threat detection mechanisms. Organizations are investing heavily in behavior analytics tools to identify potential security breaches, especially those stemming from insider threats and advanced persistent threats (APTs).

A major highlight of this market is the growing integration of behavior analytics with cybersecurity operations and IT management systems. This convergence enhances incident response capabilities, making behavior analytics a core component of modern security strategies.

Behavior analytics solutions are gaining traction across diverse sectors such as banking, healthcare, retail, government, and IT. These industries are leveraging behavioral insights to secure sensitive data, prevent fraud, and comply with regulatory requirements, contributing to the market’s expansion.

Cloud deployment is becoming a prominent trend in the behavior analytics market. Organizations are opting for cloud-based behavior analytics due to their scalability, cost-effectiveness, and ease of integration with cloud-native applications and infrastructure.

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Top Companies in the Behavior Analytics Market

The major vendors covered in the behavior analytics market are Qualtrics (US), OpenText (Canada), Microsoft. (US), Cisco Systems, Inc. (US), IBM (US), Zoho Corporation (India), Oracle (US), Varonis Systems, Inc. (US), Fortinet, Inc. (US), Securonix (US), Teradata (US), Google (US), Adobe (US), SAS Institute (US), Qlik (US), Contentsquare (France), Exabeam (US), Clevertap (US), Dtex Systems (US), Mouseflow (US), Gurucul (US), Netspring (US), Visier, Inc. (Canada), Teramind (US), SplashBI (US), Amplitude (US), Prohance (India). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the behavior analytics market.

Qualtrics (US)

Qualtrics is an American experience management company based in Seattle, Washington, and Provo, Utah and established in 2002 among the founders Scott M. Smith, Ryan Smith, Jared Smith, and Stuart Orgill. It was launched with concerns on experience management in March 2017. Currently, the Company has 20 offices in 5 clusters of the world. From December 2023, Qualtrics had approximately 5,600 employees working worldwide. Leading the marketplace in behavior analytics, Qualtrics combines next-generation technology with customer obsession and is investing heavily in this regard of late.

This will increase the already AI-driven platform of the company for more enhanced experience management. Treating customer feedback with sensitivity, Qualtrics placed its services at the top rung in experience management with constant iteration of the services at hand in hand, serving a gamut of customers from thousands of global organizations.

OpenText (Canada)

OpenText Corporation is an information management company headquartered in Waterloo, Ontario, Canada. The company was established in 1991 with the objective of offering information-based solutions to businesses across the globe. Some of its most important products are Enterprise Content Management, Digital Process Automation, AI and Analytics, and Business Network Solutions. The geographic span of OpenText extends to over 60 countries around the globe, with locations in North America, Europe, Asia-Pacific, Middle East, and Africa. With nearly 24,100 employees around the world, OpenText has become one of the leaders in the information management space through its innovative products that help organizations sharpen their businesses and, therefore, accelerate their transformation into nimbler digital organizations.

OpenText consistently maintains its leadership in behavior analytics by making strategic acquisitions to support a strong product line for the changing business demands. It has overlaid new analytics features into its existing platforms, which are said to help firms drive valuable insights from their data. The next suite of analytics firms the company acquired enhanced OpenText to increase its AI and analytics capabilities with the likes of Micro Focus, bettering data-driven decisions for customers. This makes OpenText a trusted partner in the corporate world for handling complex digital transformations and connecting operationally to behavior analytics.

Cisco Systems, Inc. (US)

Cisco Systems, Inc. (US) is a prominent player in the Behavior Analytics market, offering advanced solutions that analyze network traffic and user behavior to detect anomalies and potential security threats. Their tools utilize machine learning and AI to improve cybersecurity by identifying patterns and providing real-time alerts for proactive threat management.

IBM (US)

IBM (US) is a prominent player in the Behavior Analytics market, offering solutions that leverage AI and machine learning to analyze user behavior and detect anomalies. Their advanced analytics platforms help organizations enhance security, optimize customer experiences, and gain insights into user patterns to improve decision-making and risk management.

Zoho Corporation (India)

Zoho Corporation (India) provides behavior analytics solutions that help businesses gain insights into customer interactions and behaviors across digital platforms. Their analytics tools leverage AI and machine learning to track user activities, optimize user engagement, and improve decision-making processes for enhanced customer experiences.

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Zhejiang Qingshanhu Science & Technology City Administration Committee Hosts China-Kazakhstan Sci-Tech Cooperation Symposium

Recently, the International Seminar on Industry-Education Integration and Sustainable Development of the National Academy of Sciences directly under the President of Kazakhstan, hosted by the Zhejiang Qingshanhu Science & Technology City Administration Committee, was held at the Qingshanhu Park of Zhejiang Zhonghe Technology in Qingshanhu Science & Technology City, Hangzhou, China. Guided by the cooperation blueprint outlined at the first China–Central Asia Summit in 2023, China and Kazakhstan are accelerating practical cooperation across multiple fields, including science and technology.

Qingshanhu Science & Technology City Panorama

At the symposium, representatives from both China and Kazakhstan held in-depth discussions on topics such as policy orientation, industrial demand, educational resource integration, and intelligent transportation. Akylbek Kurishbayev, President of the National Academy of Sciences directly under the President of Kazakhstan, introduced in detail the Spatial-Temporal Intelligence Laboratory, which was jointly established in February 2025 with Zhejiang University of Technology, Zhonghe Technology, and other institutions.

The laboratory adopts an integrated industry–academia–research–application model, focusing on the research and development of key technologies including intelligent early warning, smart agriculture, intelligent logistics, and new energy. It also aims to jointly cultivate digital professionals in collaboration with several universities in Kazakhstan. As part of this initiative, an unveiling ceremony for the Strategic Partner of the International College of Low-Altitude Economy under the Ministry of Industry and Information Technology was held, marking a commitment to building a strong talent pipeline for the lab’s future development.

As the birthplace of the Hangzhou West Sci-Tech Innovation Corridor and the main platform of Lin’an District’s “industry-strengthening” strategy, Qingshanhu Science & Technology City has been actively advancing the integrated development of strategic emerging industries focused on new equipment, new materials, and big health. It is seizing new opportunities in the intelligent robotics sector while continuously optimizing its innovation and entrepreneurship policies and financial service infrastructure. The city has already attracted 31 research institutes, 6 national key laboratories, 511 enterprises above designated size, and 522 nationally recognized high-tech enterprises.

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Dive Into This Magnificent Spy Thriller And Experience the Murky Waters of Ethics, Technology, and Betrayal

In her gripping debut novel, author Roselyn Teukolsky delivers a pulse-pounding thriller that blends academic politics, cutting-edge technology, and emotional depth. Set in the hallowed halls of Cornell University’s Computer Science Department, A Reluctant Spy follows a brilliant yet socially awkward programmer who is forced into the world of espionage after her husband’s suspicious death.

Madeline Geiger’s quiet life as a researcher is shattered when the FBI reveals that her late husband was working as a confidential informant, tracking a pornography ring using sophisticated encryption software. Now they want Madeline to take over the investigation. As she hacks into her colleagues’ systems in search of the truth, she discovers secrets that will shake the foundations of everything she believed: about her husband, her department, and herself.

Roselyn Teukolsky, a longtime educator and author of bestselling academic books, draws on her deep knowledge of computer science and academia to create a world that feels both intellectually rich and dangerously real. A Reluctant Spy explores themes of justice, betrayal, academic rivalry, and the moral ambiguity of doing the wrong thing for the right reasons.

“This story lives in the gray areas,” Teukolsky says. “It asks what we’re willing to risk when the truth is buried under layers of code, power, and fear.”

Perfect for fans of Gillian Flynn, Tana French, and espionage thrillers with strong female leads, A Reluctant Spy is already earning praise for its intelligent plot, nuanced characters, and high-stakes tension.

The novel is now available on Amazon in both paperback and ebook formats.

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About the Author:

Roselyn Teukolsky was born in Johannesburg, South Africa, where she graduated from the University of the Witwatersrand with a B.Sc. in Math and Chemistry. She immigrated to the US when she was 23 and graduated from Cornell University with an M.S. in Mathematics Education. She taught Math and Computer Science for many years, mostly at Ithaca High School in Upstate New York.

She is the author of the Barron’s review book for AP Computer Science, which is currently in its 12th edition, and also How to Play Bridge with Your Spouse … and Survive (Master Point Press). Roselyn retired from teaching in 2009. Since then, she has worked full time as a writer of crime fiction. She lives in Pasadena, California, with her husband, Saul Teukolsky. A Reluctant Spy is her debut novel.

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Tow Prepreg Market Size, Shares, Business Growth and Upcoming Trends Forecast by 2029 | Expert Review

The Tow Prepreg market is gaining momentum driven by rising demand in aerospace, automotive, and wind energy sectors due to its superior strength-to-weight ratio. Leading companies are focusing on innovation and capacity expansion to meet growing industry needs. As lightweight composites continue to replace traditional materials, the market is set for robust growth in the coming years.

The tow prepreg market is projected to grow from USD 0.20 billion in 2024 to USD 0.35 billion by 2029, at a CAGR of 12.3% during the forecast period. This report provides a comprehensive analysis of the market, including tow prepreg market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

The demand for tow prepreg is driven by several key factors, including its lightweight properties, high performance, excellent mechanical properties, and reduced manufacturing cost as compared to traditional materials. Tow prepregs are mainly used in automotive & transportation, oil & gas, aerospace & defense, and sports equipment. In automotive industry, tow prepregs helps in reducing weight, improve performance, and fuel efficiency of the vehicles, providing moderate strength suitable for automotive parts like door panels, leaf springs, and structural elements. Premium automotive manufacturers such as General Motors utilizes tow prepregs for their vehicle production.

With the growing environmental concerns and government rules & legislations to reduce carbon footprint and promote sustainability, demand for tow prepreg is growing rapidly in aerospace & defense industry. Tow prepregs are widely used in aircraft fuselages, wings, and interior structures due to its high strength and stiffness that contribute to fuel efficiency and emissions reduction in aircraft operations. In US, major aerospace manufacturers like Boeing are preferring tow prepregs for manufacturing aircraft components.

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Phenolic resin segment is expected to grow with second-highest CAGR in terms of value in tow prepreg market during the forecasted period.

The phenolic resin type is the second-fastest-growing segment in the tow prepreg market due to its superior tensile strength, high temperature stability, resistance to chemicals, and electrical insulation properties which makes them suitable for the production of tow prepregs. Tow prepregs made of phenolic resin possess enhanced material properties, improved process efficiency, consistent quality and performance, and versatility. Due to the increasing environmental awareness on carbon emission and depletion of petroleum resources, phenolic-based tow prepregs are used in wide range of applications in automotive & transportation, oil & gas, aerospace & defense, and sports equipment industries. Apart from this advantages, phenolic resin also have certain limitations, they are brittle which limits their use in high impact applications.

Glass fiber segment is expected to grow with the second-highest CAGR in terms of value in tow prepreg market during the forecasted period.

Glass fiber is the second-fastest-growing fiber type in the tow prepreg market, due to its high impact strength & stiffness, light weight nature, excellent durability and rigidity, weather resistance and electrical insulation properties. It acts as a reinforcement for the development of tow prepregs. Almost all the major manufacturers uses either glass fiber or carbon fiber, as a reinforcement to produce tow prepregs. This advanced mechanical properties of tow prepregs make them a promising candidate for variety of applications in automotive & transportation, oil & gas, aerospace & defense, and sports equipment industries.

Scuba tanks segment is expected to grow with the second-highest CAGR in terms of value in tow prepreg market by application segment during the forecasted period.

Scuba tanks is the second fastest-growing application in the market of tow prepreg. Scuba tanks are cylindrical containers used to store and supply compressed air for scuba divers. The demand for tow prepregs is rising for scuba tanks due to their high strength, durability, pressure resistance, corrosion resistance, and improved safety. Scuba tanks made of tow prepregs are light weight and more durable as compared to steel or aluminium scuba tanks, which makes it easier for divers to carry and handle them for longer time, particularly during long dives.

The demand for tow prepreg in automotive & transportation industry is expected to grow with the second-highest CAGR in terms of value in tow prepreg market during the forecasted period.

The automotive & transportation is the second fastest growing end-use industry in the tow prepreg market, due to growing demand for light weight and fuel efficient vehicles. The usage of tow prepregs is increasing in automotive parts such as body panels, chassis, and structural components, interior parts like dashboards, trim panels, and seat structures, due to its high strength to weight ratio, high impact resistance, durability, and flexibility. Rising demand for electric vehicles, which prioritize energy efficiency and range, has increased the demand for tow prepreg for lightweight battery enclosures, which is fuelling the growth of automotive & transportation industry.

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North America region is expected to register second-highest CAGR both in terms of value and volume during forecasted period

North America is the second fastest growing market for tow prepreg mainly due to fast-developing automotive sector, for manufacturing of automotive components. US leads in the field of manufacturing tow prepregs due to presence of well-established tow prepreg manufacturers such as TCR Composites, Inc, Mitsubishi Chemical Carbon Fiber Composites, Inc., Hexcel Corporation, and Huntsman International LLC. In this region, major OEMs including Chrysler, Honda, Ford, Mercedes, and General Motors, have been incorporating tow prepregs for dashboards, door panels, trims, bumper beams, and chassis that are significantly driving demand for such high performance material like tow prepreg. Moreover, the demand for tow prepreg is also increasing in aerospace & defense industry to reduce weight and increase fuel efficiency and performance.

Tow Prepreg Companies

Prominent companies include TCR Composites, Inc. (US), SGL Carbon (Germany), ENEOS Holdings, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Carbon Fiber Composites, Inc. (US), Hexcel Corporation (US), Porcher Industries (France), Red Composites (UK), VITECH Composites (France), Arisawa Manufacturing Co., Ltd. (Japan), Toray Industries, Inc. (Japan), 3M (US), KORDSA (Turkey), Gurit Services AG (Switzerland), and Huntsman International LLC (US), and among others.

Teijin Limited (Japan)

Teijin Limited is identified as one of the key players in the global carbon fiber tow prepreg market. Teijin Carbon Europe GmbH (principal subsidiary of Teijin Limited) has been manufacturing high-performance pre-impregnated materials, tow prepregs under the brand name Tenax. It also offers advanced material solutions, including high-temperature resins, prepreg systems, new fibers, and tailored sizing, among others. Teijin Limited is expanding its global reach by entering into agreements and partnerships with other companies in the market. It is also acquiring major suppliers to boost its production capacity to meet the increasing demand. It spends significantly on research & development for new products.

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Hexcel Corporation (US)

Hexcel Corporation is a global leader in advanced tow prepreg market, primarily serving the aviation and aerospace industries. The company operates through two main segments: Composite Materials and Engineered Products. The company specializes in developing and marketing lightweight, high-performance materials and structures, such as carbon fibers, composites, prepregs, honeycombs, matrix systems, adhesives, and composite structures. These products are used across various sectors, including aerospace, defense, automotive, and industrial applications. Under its Composite Materials segment, Hexcel offers tow prepregs branded as HexTow. The company has a strong global presence, with 22 manufacturing facilities across North America, Europe, and the Asia Pacific region.

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MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

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