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Feed Additives Market Industry Analysis, Growth Drivers, Opportunities, Leading Players, and Revenue Forecast – 2028

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Feed Additives Market by Livestock, Type (Phosphates, Amino Acids, Vitamins, Acidifiers, Carotenoids, Enzymes, Flavors & Sweeteners, Mycotoxin Detoxifiers, Minerals, and Antioxidants), Form, Source, and Region – Global Forecast to 2028

The feed additives market is estimated at USD 42.2 billion in 2023 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 5.8% from 2023 to 2028. Feed additives are essential components in modern animal agriculture, encompassing a wide range of substances added to animal feed to enhance nutrition, improve animal health, and optimize production efficiency. These additives have become increasingly important due to the growing global demand for animal-based products, such as meat, milk, and eggs. As the livestock industry strives to meet this demand, feed additives play a crucial role in optimizing animal growth, disease prevention, and overall productivity. Additionally, the growing emphasis on sustainable and eco-friendly farming practices has led to the development and adoption of innovative feed additives that not only boost animal performance but also reduce environmental impacts, further fueling the market’s growth.

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What is feed additives?

Feed additives are substances added to animal feed to enhance its nutritional value, improve the health of the animals, or aid in the production process. These additives can include vitamins, minerals, amino acids, enzymes, probiotics, antioxidants, and other compounds. They serve various purposes such as promoting growth, improving digestion, strengthening immune systems, preventing diseases, and enhancing the quality of animal products like meat or eggs. Feed additives are carefully regulated to ensure they’re safe for animals, consumers, and the environment.

Feed Additives Market Growth Drivers

1. Rising Demand for Animal Products: As the global population continues to grow, so does the demand for animal-derived products such as meat, milk, and eggs. Feed additives are essential in enhancing the efficiency of animal farming by improving the growth rate, feed conversion efficiency, and overall productivity.

2. Increasing Meat Consumption: The growing preference for protein-rich diets, especially in emerging economies, has led to an increase in meat consumption. This trend drives the demand for feed additives as they help in optimizing the health and performance of livestock, ensuring a steady supply of meat to meet consumer demands.

3. Focus on Livestock Health and Nutrition: There is a heightened awareness of the importance of animal health and nutrition. Feed additives, including vitamins, minerals, and probiotics, contribute to the overall well-being of livestock, reducing the incidence of diseases and improving the quality of animal products.

4. Technological Advancements in Animal Husbandry: Ongoing advancements in animal husbandry practices, including precision farming and smart technologies, have increased the adoption of feed additives. These technologies enable farmers to monitor and manage the nutritional needs of animals more effectively, promoting better growth and productivity.

5. Stringent Regulations on Antibiotic Use: With increasing concerns about antibiotic resistance and its impact on human health, there has been a push for more stringent regulations regarding the use of antibiotics in animal feed. This has led to the exploration and adoption of alternative feed additives that can promote animal health without relying heavily on antibiotics.

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South America is estimated to grow at a significant CAGR in the global feed additives market.

With the region’s growing population and rising disposable incomes, there is an increasing appetite for meat consumption. To meet this demand, South American livestock producers are increasingly turning to feed additives to enhance animal growth, health, and overall productivity. Furthermore, South America has established itself as a major player in the global meat export market. Countries like Brazil and Argentina are among the world’s largest meat exporters, particularly in beef and poultry. To maintain and expand their market share, these nations are investing in improving the quality and quantity of their meat production, thus driving the demand for feed additives. Furthermore, South America’s vast agricultural landscape offers ample expansion opportunities. The region’s favorable climate and abundant arable land make it conducive for the cultivation of feed crops and the rearing of livestock. As a result, there is a growing need for feed additives to optimize feed formulations and ensure the nutritional requirements of animals are met. This demand is further amplified by a shift towards more sustainable and environmentally friendly farming practices, where feed additives play a pivotal role in reducing the environmental footprint of livestock production.

Major key players operating in the feed additives market include Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), Evonik Industries AG (Germany), BASF SE (Germany), DSM (Netherlands), Ajinomoto (Japan), Novozymes (Denmark), CHR. HANSEN (Denmark), and TEGASA (Spain).

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About MarketsandMarkets™

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

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Enhancing the Quality of Life and Well-being of Albuquerque: Thrive Regenerative Health

“”Thrive Regenerative Medicine was founded on the principle that each patient deserves a healthcare journey that is as unique as they are,” says Beverly Apodaca, founder of Thrive. “Our mission is to integrate cutting-edge regenerative medicine with holistic wellness, offering treatments that are not only effective but also personalized. We believe in empowering our patients with knowledge and innovative therapies, guiding them towards a future where optimal health and longevity are not just g”
Thrive Regenerative Medicine in Albuquerque announces its innovative approach to healthcare, focusing on longevity science and personalized treatment. Specializing in functional medicine, blood optimization, bio-identical hormones, regenerative therapy, IV nutrition, and peptide therapy, Thrive is dedicated to addressing a variety of health conditions including insulin resistance, metabolic dysfunction, fatigue, inflammation, and hormone imbalances. Explore their advanced healthcare options.

Albuquerque, NM – December 12, 2023 – Thrive Regenerative Health, a trailblazer in the field of longevity science, announces a significant leap forward in personalized healthcare services. Located in the heart of Albuquerque, Thrive is dedicated to revolutionizing patient care through its advanced regenerative health practices. This press release unveils their latest innovative approaches and treatments, reinforcing their commitment to enhancing the quality of life and well-being of their community.

Thrive Regenerative Health stands at the forefront of healthcare evolution, integrating cutting-edge medical science with personalized patient care. Their services, encompassing functional medicine, blood optimization, bio-identical hormones, and more, are tailored to meet the unique health needs of each individual. This announcement comes as a beacon of hope for those seeking comprehensive, evidence-based treatments in Albuquerque, promising a future where optimal health and longevity are within reach for everyone.

Thrive Regenerative Health in Albuquerque is redefining healthcare delivery with its state-of-the-art facility and a team of double board-certified nurse practitioners in Albuquerque. They specialize in a spectrum of innovative services aimed at diagnosing and treating a variety of health conditions. Their offerings include functional medicine, a holistic approach that seeks to identify and address the root causes of diseases, and blood optimization, which focuses on achieving the perfect balance of blood constituents for optimal health.

The clinic also excels in bio-identical hormone therapy, providing natural and effective solutions for hormonal imbalances. Their regenerative therapy services are at the cutting edge of medical science, offering new possibilities for healing and recovery. IV nutrition and peptide therapy are other key services, designed to enhance overall wellness by targeting specific bodily needs and functions.

At Thrive, personalized patient care is not just a promise but a practice. They develop tailored health plans, ensuring each treatment aligns perfectly with the individual needs and health goals of their patients. This personalized approach is central to their philosophy, setting them apart as a leader in regenerative health care in Albuquerque.

At the heart of Thrive Regenerative Health lies a mission that transcends conventional healthcare. They are committed to revolutionizing the healthcare experience by seamlessly integrating regenerative medicine with holistic wellness. This approach is dedicated to rejuvenating and optimizing the health of their patients through innovative and individualized treatments.

Guided by core values such as Transparency, Healing Journey, Revolutionary approaches, Inspiration, Vitality, and Evidence-Based Practice, Thrive empowers patients with precise, actionable health data. This empowerment allows patients to actively participate in their healing journey. Committed to pioneering research and personalized care, Thrive strives to enhance vitality and quality of life, ensuring every individual not only recovers from their ailments but truly Thrives. This dedication to patient-centered care and advanced medical practices positions Thrive Regenerative Medicine as a beacon of hope and progress in the healthcare industry.

Thrive Regenerative Medicine offers a variety of specialized services and treatments, each designed to cater to the unique health needs of their patients:

  • Functional Laboratory Testing: Thrive provides advanced diagnostic laboratory studies, crucial for uncovering the root cause of cellular dysfunction and facilitating early diagnosis. These tests are instrumental in developing a comprehensive understanding of each patient’s health status.

  • Tailored Health Plans: Understanding that each individual is unique, Thrive offers holistic integration of personalized services. These plans synchronize with the body’s needs, promoting a revitalized and healthier lifestyle.

  • IV Therapies: Their in-office IV therapies are formulated to enhance the body’s regenerative abilities. A blend of vitamins and minerals targets immunity, skin elasticity, muscle recovery, and hydration. Additionally, Thrive offers cutting-edge exosome and stem cell IV therapies, aiming to boost overall body wellness.

  • Peptide Therapy: Utilizing small proteins known as peptides, this therapy stimulates various biological processes in the body. Whether it’s boosting immune function, enhancing tissue repair, or supporting healthy aging, Peptide Therapy offers targeted solutions for wellness.

  • Hormone Regulation: Thrive specializes in hormone regulation, providing tailored treatments to address hormonal imbalances. These therapies aim to restore hormonal equilibrium, impacting various aspects of health and well-being.

  • Pain Management: The clinic offers innovative solutions for joint health and pain management. These non-surgical treatments are designed to relieve chronic discomfort, promote faster recovery, and offer long-lasting benefits, enhancing overall patient well-being.

Each of these services embodies Thrive’s commitment to using evidence-based therapies and personalized treatments to meet and exceed the health needs of their patients.

Thrive Regenerative Health is not just a healthcare provider but a vital part of the Albuquerque community. Their impact extends beyond the clinic walls, as they have touched the lives of countless individuals through their advanced medical care and personalized treatment plans.

Patient testimonials speak volumes about their success. Stories of individuals who have experienced significant improvements in their health and quality of life after receiving treatment at Thrive are a testament to the clinic’s effectiveness. These narratives showcase the transformative power of their therapies and the profound difference they make in the lives of their patients.

By sharing these real-life experiences, Thrive illustrates its commitment to not just treating diseases but also nurturing health and wellness in the community.

In conclusion, Thrive Regenerative Medicine exemplifies excellence in personalized healthcare, offering a range of innovative services that cater to the specific needs of each patient. Their mission to integrate regenerative medicine with holistic wellness has positioned them as a leader in the healthcare sector in Albuquerque.

For those interested in exploring the benefits of regenerative health treatments, Thrive Regenerative Medicine invites you to contact them for more information or to schedule a consultation. Embrace the opportunity to not just recover, but to thrive with the comprehensive and personalized care offered by their expert team.

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“The Elemental Collection” Unveiled by iGenie Apparel to Ignite Inner Strength and Support Mental Wellness and Awareness

Today marks a groundbreaking moment in the world of fashion as iGenie Apparel proudly unveils the official apparel brand with their Elemental Collection – a fusion of style, symbolism, and mental wellness awareness. Inspired by the five elements – Fire, Water, Wind, Earth, and Metal – this collection is not just about clothing; it’s a celebration of the inherent magic power within every woman.

In a world where mental health and self-expression go hand in hand, iGenie Apparel recognizes the importance of feeling empowered and confident in what you wear. The Elemental Collection is a testament to the brand’s commitment to fostering not just outer beauty but inner strength and well-being.

Igniting the Flame: Fire Element

The Fire Element within the collection embodies passion, energy, and the spark that resides within every woman. The garments are designed with the passion and vibrancy and fierceness, allowing wearers to embrace their inner fire and radiate confidence. As you wear the Fire Element, feel the warmth of self-love and empowerment.

Embracing Balance & Flow: Water Element

The Water Element signifies fluidity, adaptability, and emotional balance iGenie’s Water-inspired pieces, encourages women to go with the flow, embracing their emotions and finding strength in vulnerability.

Riding the Winds of Change: Wind Element

Change is constant, and the Wind Element represents the power of adaptability and flexibility. The Wind-inspired garments feature light and airy fabric, dynamic design, allowing wearers to embrace change with grace and confidence. This collection reminds women that change is an opportunity for growth and self-discovery.

Grounded in Strength: Earth Element

The Earth Element symbolizes stability, strength, and rootedness. iGenie’s Earth-inspired pieces are designed to provide wearers with a sense of stability and inner strength. These garments serve as a reminder that, like the earth, women possess incredible resilience and unwavering strength.

Shaping Your Destiny: Metal Element

Metal is associated with precision, clarity, and strength. The Metal Element within the collection features sharp silhouettes, metallic accents, and modern designs that highlight the wearer’s determination and focus. This collection is a celebration of women who shape their destinies with resilience and purpose.

Beyond Fashion: Nurturing Mental Wellness

iGenie Apparel believes that fashion is not just about what you wear but how it makes you feel. The Elemental Collection is carefully curated to support mental wellness by aligning with the positive attributes of each element. The colors, patterns, and designs are intended to evoke emotions that empower and uplift the wearer.

Research consistently shows a strong connection between what we wear and our mental well-being. By wearing clothing that resonates with our inner selves, we can boost confidence, self-esteem, and overall mental fitness. The Elemental Collection is a tangible representation of this philosophy, encouraging women to embrace their unique qualities and be proud of the magic power within.

A Journey of Self-Discovery

To celebrate the launch of the Elemental Collection, iGenie Apparel is inviting women on a journey of self-discovery and empowerment. Through a series of online events, social media campaigns, and interactive experiences, the brand aims to create a community that fosters positivity, self-love, and mutual support.

Join us as we embark on a transformative journey, embracing the magic power within every single one of us. The Elemental Collection is not just a garment; it’s a statement of strength, resilience, and the beautiful complexity that makes every woman unique.

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About iGenie Apparel

iGenie apparel is a Houston-based fashion brand dedicated to empowering women through innovative, inspiring, and stylish apparel. With a commitment to sustainability, inclusivity, and mental wellness, iGenie Apparel strives to redefine the fashion industry by promoting confidence, self-expression, and positive change.

Connect with iGenie Apparel

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Mobility as a Service Market Poised for $40.1 Billion Valuation by 2030

“Attractive Opportunities in Mobility as a Service Market”
Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, micro-mobility, Bus, Train), Solution, Transportation, Vehicle, OS, Business Model, Payment (Subscription, PAYG), Commute (Daily, Last Mile, Occasional) Region – Global Forecast to 2030

Mobility as a Service Market is projected to grow from USD 5.7 billion in 2023 to USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. 

The increasing need to reduce carbon emissions and awareness of environmental issues have driven a growing interest in sustainable transportation options. MaaS promotes the use of shared mobility services, electric vehicles, and public transit, which are generally more eco-friendly than private car ownership. MaaS often offers cost-effective options for travelers. By comparing various transportation options and choosing the most suitable and economical routes, users can save money compared to traditional modes of commuting, such as owning a private car.

Ride Hailing service type to dominate the services provided by MaaS application.

Historically, more and more consumers are opting for car-sharing apps and ride-hailing services. Some ride-hailing apps, such as Uber and Lyft, have already observed a meteoric rise; there are several startups entering the space as well which is likely to intensify the competition level. Ride-hailing services are likely to witness the growth of rates upward of 30% annualized. Several established OEMs are getting involved in car-sharing initiatives. Incorporating both car-sharing and car rental services within the MaaS framework enhances the diversity of transportation options available to users, catering to a wide range of travel needs and preferences. The car-sharing and Car rental market is likely to grow up to ~ USD 27 billion. This increasing demand for car-sharing services will, in turn, drive mobility as a service market.

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Payment Engines are the fastest-growing solution type.

Payment engines are a critical component of a MaaS system since service providers use various gateways for online payment processing after they have used their chosen service. Payment plans for users may range from a pay-per-trip/pay-as-you-go offer to partial or full subscriptions.

Currently, the market share of payment engines is ~10%, which is likely to grow fast as more customers demand smoother ticketing solutions. Typically, only one or two payment options other than cash, such as payment merchants, credit card, and payment wallets, are offered. Hence, these services have limited investment. However, with digital payments gaining popularity post-pandemic, investment in these solutions is likely to increase.

The pandemic has resulted in a majority of customers shifting toward contactless and cashless payment methods. The expansion of MaaS service providers in new regions and the option to make payments in foreign currencies will fuel the growth of the payment engine segment.

Asia Pacific region holds the largest market share in the mobility as a service market in terms of value.

Asia Pacific owing to its large population will hold a significant share of the MaaS market. This is also fueled by the presence of strong MaaS service providers such as DiDi in China, Ola & Uber in India, and Grab in Singapore. Singapore leads the region in terms of MaaS application test center. The Singapore Smart Mobility 2030, as part of Singapore’s Smart Nation plan, is allotted a budget of USD$1.7 billion and primarily focuses on developing autonomous taxis, buses, and shuttles. This development is likely to attract MaaS integrators to the region to boost the growth of the market. Integration of payment systems will play a key role in this region. For example, the Unified Payment ID (UPI) service in India allows its users to pay digitally just with their phones using a simple PIN. Such technologies can be integrated with MaaS applications to smoothen the multimodal integration of transport services and decongest the overpopulation of urban cities in this region.

Key Players

Prominent companies include Citymapper (UK), MaaS Global (Helsinki), Skedgo (Australia), FOD Mobility UK Ltd. (UK), and Moovit (Israel) are the leading mobility as a service providers in the global market.

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mmWave 5G Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast – 2027

“NXP Semiconductors (Netherlands), Airspan Networks (US), AT&T (US), Fastweb (Italy), SoftBank (Japan), Corning (US), Nokia (Finland), Mavenir (US), NTT DOCOMO (Japan), AMD (California), Huawei (China), Qualcomm (US), Ericsson (Sweden), Verizon Communications Inc. (US), Rakuten Mobile (Japan), Singtel (Singapore), and Pharrowtech (Belgium).”
mmWave 5G Market by Component (Hardware, Solutions, Services), Use Case (eMBB, mMTC, URLLC, FWA), Application, Bandwidth, End User (Aerospace and Defense, Telecom, Automotive and Transportation, Public Safety) and Region – Global Forecast to 2027

The mmwave 5G market size is expected to grow from USD 2.5 billion in 2022 to USD 4.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period. To deliver added capacity and high throughput in 5G networks there is increasing adoption of mmWave spectrum and it is driving the growth of the mmwave 5G market.

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The hardware segment is expected to lead the mmwave 5G market in 2022.

The 5G mmWave hardware consists of antennas and transceiver components; communication and networking components; frequency sources and related components; RF and radio components; sensors and controls; power and battery components; and other hardware, such as imaging components, interface components, waveguide components, and filters and detectors. The mmWave transceiver system is an SDR platform for constructing mmWave applications, which consists of system prototyping. It gives users permission to access a flexible hardware platform and application software that enables real­time over air mmWave communications research.

95GHZ TO 300GHZ segment is expected to grow with the fastest growth rate during the forecast period.

mmWave originates from the wavelength of radio signals on frequencies between 30GHz and 300GHz, which ranges between 1 and 10 millimeters. At these frequencies, radio signals diminish more rapidly with distance than at other frequencies, and antennas that can closely focus transmitted energy that is of small size. The limited range of such transmissions might appear to be a major drawback for many applications. It does enable the reuse of frequencies within very short distances and, hence enables a higher concentration of transmitters to be situated in a geographical area than is possible at lower frequencies.

Unique Features in the mmWave 5G Market 

The capacity to provide extraordinarily high data transmission speeds is one of mmWave 5G’s most notable capabilities. Significantly quicker upload and download rates are possible when using higher-frequency bands as opposed to lower-frequency bands.

Ultra-low latency is a feature of mmWave 5G networks that minimises data transmission delays. Applications requiring real-time response, such augmented reality (AR), virtual reality (VR), and vital communication services, depend on this low latency.

With the huge bandwidth offered by the mmWave frequency, massive amounts of data can be transmitted at once. Supporting the growing number of linked devices and data-intensive applications requires this high bandwidth.

Massive MIMO technology, which requires deploying a lot of antennas at the base station, is frequently used in mmWave 5G networks. This technique facilitates beamforming for improved signal directionality, increases coverage, and improves spectral efficiency.

Small cells are deployed because mmWave frequencies have a limited range and are more prone to signal attenuation. To improve capacity and coverage, these small base stations are positioned thoughtfully throughout cities.

Major Highlights of the mmWave 5G Market 

Ultra-high data transfer speeds are provided by mmWave 5G, which greatly outperforms lower-frequency band options. Faster upload and download rates are made possible by this capability, facilitating services and apps that require a lot of data.

Because 5G networks have low latency thanks to the mmWave frequency, real-time applications like virtual reality (VR) and augmented reality (AR) can be supported. Critical communication services can also be provided via this spectrum. Lower latency improves user experience and helps with use cases that are vital to missions.

mmWave 5G networks are based on massive MIMO (Multiple Input, Multiple Output) technology. Massive MIMO entails beamforming support, increased coverage, improved spectral efficiency, and a high number of antennas deployed at base stations.

Small cells are frequently used in urban and high-density locations by mmWave 5G networks due to their limited range and vulnerability to signal attenuation. In urban settings, small cells assist in addressing coverage issues and providing high-capacity connection.

For mmWave 5G networks, beamforming is essential. It enhances signal quality and intensity by enabling exact directionality of transmissions. Beamforming aids in overcoming difficulties related to higher frequency signal propagation.

Top Key Companies in the mmWave 5G Market 

The major vendors covered in the mmwave 5G market include NXP Semiconductors (Netherlands), Airspan Networks (US), AT&T (US), Fastweb (Italy), SoftBank (Japan), Corning (US), Nokia (Finland), Mavenir (US), NTT DOCOMO (Japan), AMD (California), Huawei (China), Qualcomm (US), Ericsson (Sweden), Verizon Communications Inc. (US), Rakuten Mobile (Japan), Singtel (Singapore), Samsung (South Korea), Fujitsu (Japan), Renesas Electronics Corporation (Japan), Keysight Technologies (US), Movandi (US), JMA Wireless (US), Sivers Semiconductors (Sweden), ALCAN systems (Germany), Verana Networks (US), Pivotal Commware (US), and Pharrowtech (Belgium). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches to expand their presence in the mmwave 5G market.

Huawei is a leading provider of smart devices and ICT infrastructure. The privately owned company operates through four segments: consumer business, carrier business, enterprise business, and others. The carrier segment includes solutions related to a wireless network, cloud core network, fixed network, IT infrastructure carrier software, and professional services. The enterprise segment covers digital infrastructure platforms built by using new ICT technologies. Smartphones, tablets, wearable devices, and converged home devices are included in the consumer segment. The company launched 5G End-to-End Product Solutions that are completely based on 3GPP standards, with a full range, full scenario, and all-cloud being the defining characteristics. In December 2021, Huawei completed the low-latency, high-reliability technical laboratory test with ultra-low latency of 1ms. URLLC, one of the three basic capabilities of 5G, is a communication technology with ultra-low latency and ultra-high reliability. This technology can meet some services that are sensitive to latency and have high-reliability requirements. It can be widely used in AR/VR, industrial, medical, unmanned driving, and other cases.

Verizon is a holding company that, working through its subsidiaries, is one of the world’s leading providers of communications, technology, information, and entertainment products and services to consumers, businesses, and government entities. The company offers data, video, and voice services and solutions on its networks and platforms that are designed to meet customers’ demands for mobility, reliable network connectivity, security, and control. The company has reportable segments that they operate and manage as strategic business units, that is, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The consumer segment offers consumer-focused wireless and wireline communications services and products. The company’s wireless services are provided across one of the most extensive wireless networks in the US under the Verizon brand and through wholesale and other arrangements. And the business segment provides wireless and wireline communications services and products, including data, video and conferencing services, corporate networking solutions, security and managed network services, local and long-distance voice services, and network access to deliver various IoT services and products. The company offers Verizon 5G Ultra-Wideband solution that provides benefits, such as speed up to 10 times faster than median 4G LTE speeds, a better option for public Wi-Fi.

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Property Management Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2028

“IBM (US), Oracle (US), AppFolio (US), SAP (Germany), Trimble (US), Hitachi Vantara (US), Yardi (US), RealPage (US), SYNDICO SAL (Lebanon), Entrata (US), London Computer Systems (US), Zumper (US), DockMaster (US), Dockwa (US), Avail (US), Property Matrix (US), CoStar Group (US), HappyCo (US), JLL (US), MCS Solution (Belgium), and Hive (US).”
Property Management Market by Offering (Solutions (Facility Management, CRM Software), Services), Ownership, Geographic Location, End User (Commercial, Industrial, Residential, Recreational Marinas), and Region – Global Forecast to 2028

The global property management market is projected to register a CAGR of 8.0% during the forecast period, reaching USD 36.4 billion by 2028 from an estimated USD 24.7 billion in 2023. Major factors to boost market growth include the increasing demand for SaaS-based property management solutions, the evolving trend of workplace mobility and remote accessibility, and the rising demand for smart building projects and better co-worker spaces.

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By services, managed services to register for the higher CAGR during the forecast period.

The services segment of the property management market is growing rapidly. The managed services are vital in properly functioning property management solutions. The property management industry is experiencing a growing demand for managed services, as property owners and managers seek to improve efficiency, reduce costs, and gain access to expertise. Managed services can help property owners and managers reduce costs by eliminating the need to hire and train in-house staff, invest in technology infrastructure, and manage complex operational processes. Managed service providers often offer economies of scale and expertise that can lead to significant cost savings.

By solution, Facility Management segment to register for the largest market size during the forecast period.

By solutions, the facility management solution segment is expected to register the largest market size during the forecast period. Facility management solutions offered in the property management market are comprehensive and multifaceted, designed to optimize various properties’ operational efficiency and functionality. These solutions encompass various services, including maintenance, security, space utilization, and sustainability initiatives. Moreover, sustainability initiatives have gained prominence, incorporating energy-efficient systems, waste management, and eco-friendly practices to reduce environmental impact while cutting costs.

Unique Features in the Property Management Market

All-inclusive property management systems combine several features like accounting, maintenance, communication, and lease administration into one seamless system. Operations are streamlined, and total efficiency is raised because to this integration.

In order to monitor and manage many areas of building operations, such as energy usage, security, and maintenance, property management is making use of smart building technology, such as IoT devices and sensors. Both sustainability and operating expenses are improved by this. 

Predictive analytics techniques are being used by property managers to foresee repair requirements. Property managers may plan proactive maintenance to minimise downtime and tenant interruptions by analysing sensor data and historical records.

Online rent collecting tools and digital payment solutions are starting to become typical features. Tenants may now pay conveniently, and property managers gain from less administrative work and improved financial procedures.

In order to give potential tenants an immersive property experience, property management companies are including augmented reality (AR) applications and virtual tour capabilities. This makes it easier to view and make decisions on properties remotely.

Major Highlights of the Property Management Market

In order to give potential tenants an immersive property experience, property management companies are including augmented reality (AR) applications and virtual tour capabilities. This makes it easier to view and make decisions on properties remotely.

The development of proptech, or property technology, solutions was a major factor in the transformation of the property management industry. Proptech businesses developed cutting-edge systems and technologies that addressed every facet of property management, from upkeep to leasing.

Tenant experience has become a top priority for property managers as they realise how important it is to offer services that are convenient and technologically advanced. Tenant portals, digital communication systems, and online maintenance requests became typical features. 

Property managers may now remotely monitor and control building systems thanks to the growing integration of smart building technologies. Energy efficiency, security, and maintenance optimisation have all benefited from IoT devices, sensors, and automation.

To make well-informed decisions, property managers employed business intelligence and data analytics technologies. The real estate market was analysed, trends were forecasted, and property values were determined using data-driven intuition.

Top Key Companies in the Property Management Market

Some leading players in the property management market include IBM (US), Oracle (US), AppFolio (US), SAP (Germany), Trimble (US), Hitachi Vantara (US), Yardi (US), RealPage (US), SYNDICO SAL (Lebanon), Entrata (US), London Computer Systems (US), Zumper (US), DockMaster (US),  Dockwa (US), Avail (US), Property Matrix (US), CoStar Group (US), HappyCo (US), JLL (US), MCS Solution (Belgium), Planon (Netherlands), Accruent (US), RentRedi (US), TurboTenant (US), Hemlane (US), Smart Property Systems (US), Innago (US), breezeway (US), Livly (US), DoorLoop (US), Mynd (US), Eptura (US), and Hive (US). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the property management market.

IBM

IBM, a global leader in technology and consulting services, has a multifaceted presence within the property management market, offering innovative solutions that revolutionize how properties are managed and optimized. Their software solutions integrate seamlessly with existing property management systems, empowering stakeholders with actionable insights to make informed decisions, streamline operations, and enhance the tenant experience. In the property management market, IBM provides the TRIRIGA and Maximo software tools. TRIRIGA features space, real estate, and facilities management. These features enable customers to increase the space utilization and accelerate workplace configuration. They also help real estate facility providers generate higher returns from real estate transactions by avoiding lease penalties and overpayments. IBM Maximo is an Enterprise Asset Management (EAM) software for managing physical assets on a common platform. It provides property management solutions that are integrated with the Watson IoT platform.

Oracle

Oracle Corporation, a global leader in technology, has a significant presence in the property management market, offering a suite of solutions tailored to address the industry’s intricate needs. Within property management, Oracle’s offerings primarily revolve around its robust and comprehensive Oracle Real Estate Management and Oracle Property Manager software solutions. These platforms empower businesses and property managers to streamline operations, optimize lease and property management, and enhance overall efficiency. The Oracle Real Estate Management solution is designed to handle lease administration, space management, and financial compliance, providing tools for efficient lease negotiation, tracking critical dates, and ensuring regulatory adherence. Complementing this, Oracle Property Manager aids in managing property portfolios, enabling users to oversee leases, tenant information, rent collection, and maintenance tasks effectively.

AppFolio

AppFolio stands as a prominent player in the property management sector, renowned for its comprehensive software solutions tailored to real estate professionals. At the heart of its offerings lies the AppFolio Property Manager, a robust platform designed to streamline and optimize property management operations. This cloud-based software caters to a wide spectrum of real estate portfolios, spanning residential, commercial, student housing, and homeowner association (HOA) management. AppFolio Property Manager integrates diverse functionalities, encompassing accounting, leasing, marketing, and maintenance, all within a unified interface. This platform empowers users to oversee financial transactions, handle tenant communications, market vacancies, and manage maintenance requests seamlessly. The software’s user-friendly interface and mobile accessibility offer convenience and flexibility, enabling real-time access to critical data and tasks from any location.

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To view the original version on ABNewswire visit: Property Management Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2028

PRISM Next Gen Tech Company Spotlight: The Glimpse Group’s Journey into the Future

In the ever-evolving landscape of technological innovation, the Glimpse Group, Inc. launches new strategic plan focused on spatial computing, cloud and AI-driven immersive software.

NEW YORK, NY – December 12, 2023- – An immersive technology platform company, Glimpse recently announced its plans for a strategic shift from current immersive technologies that include virtual-reality headsets, tablets and phones to spatial computing, cloud and AI-driven immersive software solutions. From cutting-edge software development to immersive content creation, Glimpse pushes the boundaries of what is possible in the realm of extended realities.

This AI emerger and player in the tech industry is featured in the PRSIM Emerging Next-Gen Tech Index.

Financial Highlights

In mid-November Glimpse reported its Q1 fiscal year 2024 financial results. Quarterly revenues were approximately $3.1M, an increase from the previous quarter. Gross margins were about 62%, adjusted EBITDA loss was $1.3M, its cash position was $6.5M and the capital structure remained clean with no debt, no convertible debt and no preferred equity. The company reduced its headcount by 40% and plans further reductions.

Glimpse has been progressing in its strategic shift to Spatial Computing, Cloud and AI driven immersive software solutions with plans to announce significant contracts in the coming months. Future revenues for the second quarter are expected to decline as the company executes its strategic plan, though revenues should be recognized from this shift in the third quarter. Gross margins are expected to remain in the 60-70% range —likely to sit at the higher end of the range, in the second half of the fiscal year.

Stock Metrics and Notable Moves

Glimpse resides in the nano cap universe with a market cap of $23M. It is currently trading at $1.39 close to the low end of its 52-week range ($0.86 – $6.90) and the 3-month average trading volume is about 95K shares. Over the past month the stock has traded up ~7% and YTD it is down ~53%. 

The most recent trade-off occurred at the end of September as shares declined by 43%. Glimpse intends to realign its subsidiary companies around three core entities, BLI, QReal and S5D. The Glimpse executive management team believes the streamlined company should generate higher-quality, recurring software revenue over time.

Recent News

Most recently, Glimpse reported an update related to one of its subsidiaries, QReal. QReal creates, distributes and manages photorealistic, life-like, 3D and Augmented Reality (AR) content. This content is typically integrated in social media campaigns and e-commerce platforms with the goal of increasing sales, improving brand recognition, creating viral content and boosting e-commerce conversion.  

QReal announced the completion of a paid engagement to create an interactive SNAP AR Lens in partnership with KillaBears and M7 Innovations. This lens has received exceptional initial activations while exploring the boundaries of AR and Web3.

Its commitment to innovation, financial stability, and transformative projects establishes Glimpse as a participant in the tech revolution, that can provide a glimpse into the limitless possibilities of tomorrow.

 

About PRISM MarketView:

Established in 2020, PRISM MarketView is dedicated to the monitoring and analysis of small cap stocks in burgeoning sectors. We deliver up-to-the-minute financial market news, provide comprehensive investor tools and foster a dynamic investor community. Central to our offerings are proprietary indexes that observe emerging sectors, including biotech, clean energy, next-generation tech, medical devices and beyond. Visit us at prismmarketview.com and follow us on Twitter.

PRISM MarketView does not provide investment advice.

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Global scrap metal market: key trends 2023 – Stanislav Kondrashov Telf AG

In 2023, ferrous scrap metal has established itself as a critical raw material for achieving economic goals. According to the forecasts of Stanislav Kondrashov, an expert in the field of global metallurgy, the demand for scrap increased in the second half of the year.

Stanislav Kondrashov: current state of the world scrap market

The first half of 2023 was marked by a decrease in scrap metal consumption. According to the Bureau of International Recycling (BIR), scrap consumption has decreased globally. In China, its largest global consumer, the reduction was 2.9% – to 116.2 million tons.

Imports of scrap metal on the world market also decreased by 8% compared to last year and amounted to 27 million tons. According to Stanislav Kondrashov from Telf AG, this decline is associated with a decrease in global steel production, which in the first half of the year fell by 1.1% to 943.9 million tons.

According to the expert, the top three world leaders in scrap imports are as follows:

  • Türkiye: 9.6 million tons (-22% YoY)
  • India: 5.25 million tons (+155%)
  • USA: 2.5 million tons (+6%)

Stanislav Kondrashov: trends in the European scrap market

According to SteelMint, the dynamics of scrap consumption in the EU in recent years is as follows:

  • 2020: decrease by 10.3% to 77.5 million tons.
  • 2021: growth by 14% to 88.5 million tons.
  • 2022: decrease by 11% to 78 million tons.

The EU is also a major exporter with exports of 17.4 million tonnes of scrap in 2022 and 9 million tonnes in the first half of 2023 (+4.5% YoY).

In Europe, there are different opinions regarding the availability of scrap metal. Stanislav Kondrashov from Telf AG suggests that the EU could become an importer of scrap metal in the next 5 years due to the transition to electric arc furnaces (EAF). He believes EAF’s share of EU steel production will rise, up from 43.7% in 2022.

The Turkish factor in the scrap metal market – Stanislav Kondrashov

Turkey, the leading country in the global scrap metal market, has experienced a significant decline in this segment over the past 2 years. In 2022, scrap metal consumption in Turkey amounted to 30 million tons.

  • The main reason for the reduction in scrap metal consumption in Turkey is economic factors: inflation and devaluation of the national currency, the Turkish lira. These conditions had a significant impact on domestic and external demand, which led to a decrease in the volume of imports and consumption of scrap, – Stanislav Kondrashov believes.

Most of the scrap metal Turkey consumes comes from the EU. However, due to the current economic situation in the country, it was forced to revise its import volumes, which affected the overall level of scrap metal consumption.

Stanislav Kondrashov: global prospects for demand for scrap metal

In the context of global trends towards achieving carbon neutrality in the metallurgy and combating air pollution, scrap metal consumption is expected to grow. This growth is also due to the desire to improve the efficiency of production processes.

According to Stanislav Kondrashov from Telf AG, taking into account the increasing requirements of metal products, the demand for high-quality scrap is also growing.

The expert suggests that competition for access to high-quality scrap metal will intensify. This is due to limited resources and growing demand for high-quality raw materials in various countries around the world.

In general, the near future of the global metallurgy is inextricably linked with trends in the scrap metal market.

  • The growing demand for high-quality scrap, increased competition for resources and the active role of government policy in this area determine the key directions for the development of the industry in the coming years, emphasizes Kondrashov.

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Grizzly Beatz Sets the Lofi Scene Ablaze: Crafting Captivating Chill Tunes That Transcend Boundaries

Grizzly Beatz Sets the Lofi Scene Ablaze: Crafting Captivating Chill Tunes That Transcend Boundaries
Grizzly Beatz, the Los Angeles-based LoFi music sensation is captivating global audiences with a signature blend of nostalgic and contemporary elements. He is shaping the modern music landscape with chill tunes that move beyond boundaries and captivate listeners.

Burbank, California – December 12, 2023 – Grizzly Beatz has emerged as a trailblazer in the ever-evolving landscape of contemporary music, seamlessly blending nostalgic elements with a contemporary touch. The music producer is setting the Lofi scene ablaze and has carved a niche with a distinctive signature style, that transcends racial, cultural, and geographical boundaries.

Grizzly Beatz’s music stands out for its capacity to transport listeners through a sonic journey that combines the best of nostalgia and modernity. The artist’s prowess in creating captivating chill tunes has garnered attention not only from fans but also from collaborations with well-established LoFi record labels, further solidifying their influence in the genre.

The characteristics of Grizzly Beatz’s music align with the core elements of LoFi Hip Hop, offering relaxing and chill vibes, embracing sampling culture, celebrating imperfections as aesthetic, incorporating repetitive elements, and integrating ambient sounds into compositions.

Grizzly Beatz’s music is deeply rooted in the rich history of Lo-Fi Hip Hop, a genre that has gained immense popularity for its soothing, ambient, and nostalgic characteristics. Originating from the broader genre of hip hop in the South Bronx during the 1970s, LoFi Hip Hop found its unique identity through the rise of sampling and the intentional use of low-grade recording techniques.

As with any genre, LoFi Hip Hop continues to evolve, and Grizzly Beatz stands at the forefront of this evolution. In recent years, LoFi Hip Hop has evolved from an underground movement to a global phenomenon, transcending cultural and linguistic boundaries. Elements of the aesthetic of this genre can even be heard in popular songs, showcasing its undeniable influence on the broader musical landscape.

Grizzly Beatz’s contribution to this evolution is evident through his ability to have a deeper and more emotional connection with listeners. His music has become a big hit, especially on online platforms like YouTube, where 24/7 Lo-Fi playlists, often labeled as “Study Beats” or “Chillhop,” have become immensely popular for relaxation and focus. The artist’s experimentation with new sounds, collaboration across genres, and pushing of boundaries ensure the genre’s relevance and its power to resonate with future generations.

The blending of genres is a common trend in contemporary music, and Grizzly Beatz’s collaborations across genres contribute to keeping the Lo-Fi Hip Hop genre fresh and dynamic. The artist’s impact on mainstream music is undeniable, as elements of the Lo-Fi aesthetic find their way into diverse musical landscapes.

Grizzly Beatz has come up with his own style that draws inspiration from Chillhop, Hip Hop LoFi, Boom Bap and Jazzhop. This unique blend has resonated with a diverse audience, contributing to the artist’s significant presence on major streaming platforms such as Spotify, Deezer, Apple Music, Bandcamp, and YouTube. For those looking to experience the unique sounds of the artist, the official website features an extensive catalog of Lofi Music Online beats, available for purchase.

About Grizzly Beatz

Grizzly Beatz is a music producer based in Los Angeles, and is known for coming up with music having a signature style that blends nostalgic elements smoothly with a modern touch. He continues to shape the modern music landscape with releases on major platforms, and collaborations with various popular LoFi record labels.

For further information, visit https://grizzlybeatz.com

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STOCKROOM Hong Kong Unveils New Furniture Collection at Affordable Prices to Diverse Styles and Preferences

STOCKROOM launches a wide selection of well-designed and functional furniture available in various styles and preferences, ensuring that every customer can find the perfect piece of furniture to enhance their residential or industrial space.

STOCKROOM has launched amazing furniture collections from vendors worldwide that bring excellent functionality and elegance to users’ office and home décor. The collections include oak dining tables, chairs, lounge chair, coffee table, lamps, bedroom sets, stools, office chairs, desks, bookshelves and more. Most of the furniture is designed with solid wood, metal or glass to ensure longevity. The designs of products cater to different styles such as modern, industrial, minimalistic and classic. Users always appreciate the convenience and affordability that this shop provides, which allows them to easily furnish their homes or offices without breaking the bank. Every order is carefully handled by its professional team, ensuring that the products are delivered in excellent condition to customers. Customization is also available for customers who desire a unique touch to their furniture, making this store a one-stop destination for all furniture needs.

STOCKROOM

Stockroom also offers a hassle-free shopping experience, with its user-friendly website and excellent customer service team. Customers can easily browse through the wide range of products, compare prices, and make purchases at their convenience. The delivery process is fast and efficient, ensuring that customers receive their orders in a timely manner. It also provides free shipping on selected items, making it even more affordable for customers. Many customers have left positive reviews for STOCKROOM Hong Kong, praising its high-quality products and exceptional service.

The Fabric sofa Hong Kong collection is one of the most popular collections at STOCKROOM. It offers a variety of fabric sofas in different sizes, shapes, and designs to suit every customer’s needs. The sofas are designed with comfort and durability in mind, making them a perfect addition to any living room. Users can also choose from a range of colors and patterns to match their existing décor. The affordable prices make it a great option for those looking to upgrade their living space without overspending. It’s carefully designed and manufactured fabric sofas have gained a loyal customer base, ensuring that it continues to provide excellent quality products.

The Leather Sofa collection is another popular choice among customers. The leather used for these sofas is of the highest quality, making them both luxurious and durable. It’s available in different styles and colors, giving customers the opportunity to add a touch of sophistication to their living space. The leather sofas are designed with both comfort and style in mind, making them a perfect addition to any home or office. Customers have raved about the durability and elegance of these sofas, cementing STOCKROOM’s reputation as a reliable source for high-quality Leather Sofa Hong Kong.

About STOCKROOM

STOCKROOM is dedicated to providing its customers with the best quality furniture at unbeatable prices. Its wide range of products and excellent customer service has made it a trusted destination for furniture shopping. With its commitment to offering top-notch products and services, It continues to expand and improve to meet the ever-changing needs of its customers. Whether one is looking for modern, industrial, or classic furniture, this shop has something for everyone. Customers can be assured that they will receive top-quality products and exceptional service with every purchase.

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