Smart Airports Market – Explores New Growth Opportunities By 2024

Some of the leading players operating in the global smart airports market are Siemens AG, Cisco Systems, Inc., and IBM, finds Transparency Market Research (TMR). Top companies in the market are currently developing new and innovative products by integrating physical and digital infrastructures. These players mainly opt for strategic partnerships and acquisitions in order to consolidate their shares, notes TMR. A number of emerging players are developing products that are focused on transforming airport operations as well customer experience, in a move to explore new revenue streams in the market. Some of the players fast emerging in the market are QinetiQ, Amadeus IT Group, and The Raytheon Company. Companies anticipated to grow at a medium pace and have a robust standing include SITA and Honeywell International Inc.

The global market for smart airport solutions stood at US$7.56 bn in 2015 and is projected to expand at a CAGR of 10.8% from 2016 to 2024. The market is anticipated to reach US$19.33 bn by the end of the forecast period.

 

Based on application, the market is mainly segmented into core and business applications. Of these, the core application segment held the leading share in the market. The segment is anticipated to remain dominant, rising at the leading CAGR of 18.4% during the forecast period. The growth is majorly fueled by substantial investments by airport operators and airlines in various core applications, including next-generation web technologies.  Regionally, the market is segmented into North America, Europe, the Middle East & Africa, Asia Pacific, and Latin America. Of these, North America presently leads the global market.

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Adoption of Automation for Improving Operational Efficiencies Boost Market

The intensifying demand for automated services in the airline industry to enhance passenger experience and bring vast process improvements is a key factor driving the smart airports market. The rising demand for self-service solutions at airports for a variety of tasks such as bag recovery, check-in, and flight rebooking is expected to boost the market. The growing need for boosting passenger touch-points is a key factor bolstering the adoption of smart airport solutions among various stakeholders. The need for continuous, real-time communication is a key factor propelling the demand for smart airport solutions. In addition, the rising need for advanced security capabilities is a key factor catalyzing the demand for smart airports solutions.

The soaring passenger traffic in various parts of the world and the burgeoning IT spending to constantly improve operations are the key factor expected to accentuate the smart airports market. In addition, the rise in IT spending toward the adoption of smart, real-time communications anytime, is a key factor expected to boost the smart airports market. The growing popularity of the self-service solutions at airports such as bag recoveries, check-ins, and flight re-bookings is a prominent trend bolstering the uptake of smart airport solutions. Furthermore, the growing adopting of digital grids that enable real-time operations and process integration in the airline industry is a key trend boosting the market.

Smart Airport Solutions Compelling Propositions to Explore New Revenue Streams

The high upfront cost required for maintaining high connectivity and the high investment required for a robust infrastructure are the key factors likely to hinder the market to an extent. Nevertheless, the need for lowering operating expenditure (OPEX) of the airline industry and explore new revenue streams are the key factors stimulating the demand for smart airport solutions. A number of emerging and maturing communications technologies are propelling the demand for new business models and strategies, to sustain a high growth in the airline industry.

The emergence of new corporate governance requirements in various developing and developed nations is a crucial trend anticipated to create lucrative avenues in the coming years. The demand for personalized and media-rich passenger services by unleashing next generation web technologies is further expected to throw up exciting opportunities for vendors.

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Hadoop Market: BFSI to Emerge as Key Contributor to Growth

In the consolidated global Hadoop market, the top three vendors, Cloudera, Inc., Hortonworks, Inc., and MapR Technologies, Inc., held a collective share of over 50% in 2014, with small- and medium-sized companies accounting for a nearly 41% share in the global market in the same year. With demand for Hadoop solutions rising at a rapid pace from companies overwhelmed with the persistently mounting volumes of digital data, an increased number of companies will venture in the market in the next few years, states TMR in a recent report.

The largest contributor to the market in 2014 was Cloudera, Inc., which held over 20% of the market. Technology giants such as IBM Corporation and EMC Corporation presently account for relatively smaller share in the market but are steadily contributing towards the further development of this market with innovative Hadoop solutions. IBM Corporation has adopted the course of mergers and acquisitions to bolster its position in the global Hadoop market and could report a greater share in the pie in the coming years, notes TMR.

Rising Popularity of Big Data Analytics to Present Long-term Growth Opportunities

Better cost effectiveness and faster processing of voluminous quantities of data compared to conventional data processing solutions such as RDBMS are two of the most encouraging factors boosting the global adoption of Hadoop. Other major drivers of the market include the exponentially rising unstructured data volumes, the increased demand for big data analytics, and Hadoop’s potential in bridging the operational gap between managers and database management.

“Cost effectiveness and high speed of data processing are expected to have high impact on the global Hadoop market’s growth over the entire period of 2015 through 2023. However, the impact of the increased demand for big data analytics will be nominal in the short term but strengthen as the time passes,” quoted a TMR analyst.

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Emerging Markets to Deliver Most Profitable Returns

North America is presently the largest regional market for Hadoop, accounting for a share of over 53% in the global hadoop market in 2014. The demand for Hadoop in North America is expected to expand at a steady rate from 2015 to 2023 as well, and the region will continue to be the dominant regional market for Hadoop over the period.

However, the Hadoop market in Asia Pacific is expected to expand at the fastest pace of 30.2 % CAGR over the said period. The Asia Pacific market will present lucrative growth opportunities owing to the rising penetration of the Internet in the region, technologically and digitally improving industrial infrastructures, and the exponentially rising numbers of mobile device users. The global Hadoop market is also expected to see major traction in Europe in the next few years owing to the rising big data management capabilities across sectors such as government, retail, and BFSI in the region.

Owing to the vast growth potential, leading Hadoop vendors are aligning their expansion strategies towards these regions. Cloudera, Inc. has recently opened a new branch in Londdon. MapR has also ventured in the European market via its new subsidiary in Paris.

These factors will allow the market to tread along a momentous growth path in the next few years. TMR analysts suggest that the market will expand at an exponential 26.3% CAGR over the period between 2015 and 2023. With such excellent growth prospects, the market, which had a valuation of US$308.1 mn in 2014, is expected to rise to US$2,429.0 mn by 2023.

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Mobile Money Market: Technological Advancements, Evolving Industry Trends and Insights 2016 – 2024

Where the mobile money market has hitherto been dominated by companies such as Fortumo OÜ, Boku, Inc., WePay, Inc., Square, Inc., and Paypal, the competition is building up dramatically with the advent of new players such as Dwolla, Inc., Bango.net, and Judo payments. According to Transparency Market Research (TMR), the market leaders controlled by about 40% of the global mobile money market in 2015.

The way ahead for companies wanting to fortify their presence in the market, evidently, is via acquisitions and by developing feature-rich products and services. With more small- and medium-sized enterprises seeking convenient and secure mobile payment options, companies such as Fortumo OÜ are expected to strengthen their foothold in the market. “Companies’ future strategy, in the short term, will largely be centered on acquiring new customer in Middle East and Europe,” observes a TMR analyst.

Emerging Economies to Provide Fertile Ground for Growth of Mobile Money Transactions

With the explosive growth in emerging economies such as China and India as well as in other countries in Latin America and the Middle East, mobile phone penetration has risen dramatically in recent years. Various reports suggest that in emerging markets, mobile phone penetration hovers around 50%, creating a bevy of opportunities for telecom operators, connected device manufacturers, and service providers to cash in on. Moreover, the report notes that although well over 1.5 billion people in emerging markets today enjoy mobile phone access, the same cannot be said about banking services. Thus, the unmet needs will create a massive opportunity for companies in the mobile money market, opines TMR.

The report also expects that with companies investing in more context-based and real-time marketing techniques, mobile money transactions will receive a boost.

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Consumers’ Apprehensions About Security of Data Need to be Allayed by Mobile Money Services Providers

Consumers today are wary of risks such as phishing, data breach, and data manipulation of data. Because mobile money essentially involves the collection of user data from internet touch points, the general concerns associated with online financial transactions are expected to seep into the mobile money environment as well.

Moreover, it is clear that mobile money could mitigate the issue of banking exclusion in emerging markets in the long run. However, in countries where financial inclusion policies are not well-defined and duly implemented could pose numerous challenges for companies in the mobile money market. The situation is further complicated by the fact that governments are currently focused on improving competition in the financial sector to make services more customer-friendly. This approach doesn’t necessarily increase financial inclusion, which can be achieved by prioritizing mobile payments. Factors such as these will create impediments for the growth of the global mobile money market, says TMR.

SMS Payments Hold High Economic Potential

Based on the mode of payment, the global mobile money market can be segmented into NFC, SMS, mobile billing, USSD/STK, and others. Of these, the SMS payment segment emerged in the leading position in 2015 and will continue to retain its standing through 2024 by rising at the fastest compounded annual growth rate (CAGR), TMR forecasts. The convenience and ease of SMS payments remain unrivalled, making this segment one with a myriad of opportunities.

Based on the type of purchase, money transfers and payments will not budge from its position as the leading segment in the mobile money market. However, the fastest growth will be observed in the airtime transfers and top-up segment between 2016 and 2024. Likewise, the healthcare industry will emerge as the fastest growing segment in the global mobile money market by industry vertical. However, it is the BFSI sector that will lead maintain a lead in terms of revenue.

In 2015, Europe stood as the largest market for mobile money worldwide – a scenario that will remain unchanged until 2024. The fastest growing segment, by geography, will be the Middle East and Africa with a 23.2% CAGR, says TMR.

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Track-and-Trace and Serialization Market: Global Industry Trend Analysis and Forecast 2017 – 2025

Pharmaceutical companies, like many others, face a number of challenges related to their supply chain management. Security lapses as a result of theft, product recalls or diversions can have terrible consequences for patient safety and security not only nationally but on a global level. They also affect the individual companies by directly impacting profitability, goodwill and planned research initiatives. With both the industry and governments realising the importance of adequate safeguards, the Track-and-Trace and Serialization Market came into existence. It has become mandatory for all stakeholders in the supply chain to comply with national and or/state legislation pertaining to the place in which they operate.

Rising product theft is a major issue for the pharmaceutical industry, and preventing it has become a key focus. Early approaches adopted included tamper-proof packages and 3-D holograms but even these are now considered easy to manipulate and have fallen out of favour. Current practices in the Track-and-Trace and Serialization Market include assigning a unique identification number to the smallest sale unit (like a bottle) and tracking its serial number through the entire supply chain so that it can be traced and authenticated at any moment. This practice has been in place in countries like China and Turkey for some time now, but now even countries like India and the U.S. have added similar laws. These are anticipated to be across the world over the next few years.

Track-and-Trace and Serialization Market Drivers

Maintaining integrity of an increasingly complex supply chain is an important driver of the Track-and-Trace and Serialization Market. According to the WHO, the pharmaceutical industry loses nearly $40 billion in revenue due to counterfeiting. Billions more are stolen in annual cargo theft. This leads to not only lost sales opportunities but also increases the risk of patient safety. Negative publicity concerning counterfeits or product recalls can also damage the brand image and affect future sales revenue. With the help of the Track-and-Trace and Serialization Market, companies can identify and segregate products destined for different markets or customer segments. Authentication is a major benefit of patient-specific functionality based on serialisation.

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The second major driver of the Track-and-Trace and Serialization Market is ensuring regulatory compliance. Pharmaceutical companies need to plan and implement their Track-and-Trace and Serialization initiatives at the earliest. The U.S. and the EU will require mandatory serialisation from November 2017 and these two are the largest pharmaceutical markets by far. Together, they account for more than half the industry volume. Thus, companies already in, or wishing to enter these highly lucrative regions will need to comply with their serialisation requirements since their immense size makes them too important to ignore. While other countries like China and Turkey have already adopted these laws, the rest of the developing world will slowly but surely follow suit.

Track-and-Trace and Serialization Market Restraints

The biggest issue faced by the Track-and-Trace and Serialization Market is that of cost. Massive investments are required to make packaging lines capable of product serialisation. Estimates range from a conservative $250,000 all the way up to $1 million per line depending on how complex and automated it already is. These lines will experience production downtime while the changes are being made causing potential sales revenue losses. Some pharmaceutical companies hire contract manufacturers (CMO’s) for inventory management. However, they might not be ready for the large investments which may require the Marketing Authorization Holder (MAH) to change CMO’s to avoid revenue loss. They may even upgrade the CMO’s packaging lines themselves which would be an expensive proposition.

The second critical Track-and-Trace and Serialization Market challenge is data management. Serialisation will generate massive amounts of data to be stored for many years to ensure regulatory compliance. The information will need to be readily accessible and highly responsive to business processes leading to pharmaceutical distribution and supply chain channels becoming increasingly complex. A solution must be quickly derived to handling Track-and-Trace and Serialization information with no disruption in day-to-day business functions of the organisation

Track-and-Trace and Serialization Market Key Market Players 

Some of the Track-and-Trace and Serialization Market key market players are TraceLink, Infosys, Bosch Packaging, SAP, Axway and Xyntec Inc.

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Poppy Seed Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025

Poppy seed, derived from dry fruits (pods) of the poppy plant (opium poppy) have a nutty and pleasant taste, the seeds are rice in nutrition and are used as a condiment in cooking. Poppy seeds are popularly used as condiment and dressing oil. Poppy seeds are widely used in bakery products due to its crunchy texture and unique flavor. Despite the toxic alkaloids of the opium poppy, it is very safe to use as food as it contains negligible quantities of such toxic alkaloids. The outer husk of poppy seeds is a good source of dietary fiber and contain various minerals like iron, copper, calcium, potassium, manganese, zinc and magnesium. Making it a very powerful food ingredient

Poppy Seed Market Segmentation

Poppy Seed market is segmented on the basis of form, application, distribution channel and region. On the basis of form poppy seeds market is segmented as dried seeds, powder and oil. The powder form is widely used in bakery products whereas the oil form is used as a dressing for variety of food products. Poppy seeds with its health benefits has gained popularity among health conscious consumers and thus all forms of poppy seed are gaining significant popularity.

On the basis of application poppy seed market is segmented into food and cosmetics & personal care. The food segment is further sub segmented into bakery and sauces & condiments. The cosmetics segments also find uses of poppy seed where it is used in natural cosmetics & personal care products such as soaps and creams.

On the basis of distribution channel poppy seed market is segmented as; Direct Sales and Indirect Sales. The indirect segment is further sub segmented into; specialty stores, modern trade, online retail and other retail formats. Although the modern trade such as supermarkets and hypermarkets have dominated the sales in the developed countries, the high availability or products online coupled with the fast pace lifestyle where consumers spend less time on shopping from stores and prefer the convenience of products being delivered directly at door steps, the online retail segment is also estimated generate significant sales.

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Poppy seeds are well-established commercial crop in many parts of the world including Czech Republic, Germany, Turkey, France, India, and Eastern Europe region. The popularity of bakery in countries such as the U.S., U.K. Hungary, France have supplemented the growth of poppy seeds where these seeds are added to make cakes, puddings and other baked goods due to its nutty flavor characteristic. On the basis of region the poppy seed is segmented into Asia Pacific, North America, Japan, Western Europe and Middle East.

Poppy Seed market Global Market Trends and Market Drivers:

The increasing popularity of poppy based bakery products have a significant effect on the demand of poppy seeds. One of the most popular use of poppy seeds is in Hungary, and is called makosh, or Hungarian poppy seed roll where the poppy seeds are used as a filling. Now the poppy seeds are commonly added to bagels, puddings, cakes and tarts. The growing application of poppy seeds is driving demand for poppy seeds market.

Apart for its use as a flavoring and dressing ingredient, the seeds are also used as dietary supplements to improve sleep cycle, it is marketed towards people who seem to suffer from sleeplessness‚ anxiety‚ and stress. In the recent past the herbal/botanical supplements have witnessed an upsurge in the market, attributed to the heightened consumer trust in herbal supplements. Poppy seeds has also benefited from this rise in demand in herbal based products and is estimated to grow in demand in terms of both value and volume.

Poppy Seed Market Key Players:

Some of the global players in the poppy seed market include; Solo Foods, Inc., Bob’s Red Mill Natural Foods, Frontier Natural Products Co-op, Bio Nutrition Inc., Olivenation LLC., Woodland Foods among others. The growing demand for poppy seeds from food & cosmetic industry is driving demand for poppy seed products, Key players are focusing on offering varied form of poppy seeds to cater the growing demand which in turn is leading growth of poppy seeds market.

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Urban Planning & Development Boom Boosts Digital Elevation Model Market

Rapid urbanization and infrastructure development, particularly in emerging economies is anticipated to benefit the digital elevation model market. Digital elevation models allow monitoring drainage layouts and provide decision making ability in key geographic areas, ease development of other large-scale infrastructural projects such as airports, highways, and railways. Different factors such as pipeline, high-power voltage line, and waterway maintenance are poised to increase the traction of digital elevation models and the planning & construction industry is on track to push past US$ 105 million in 2018. For e.g. – In December 2016, the Dutch government made infrastructure development a priority and thus the country is seeking accurate 3D models which should certainly encourage the adoption of digital elevation models in the nation.

Digital Elevation Models Reduce Initial Investment in Oil & Mining Industry

During the initial phase of constructing and planning petroleum pipelines, digital elevation models are critical for long-term planning as they deliver high resolution data with an in-depth assessment, thereby minimizing costly initial investment in terms of both time and money. Satellite images are digitally processed to pinpoint the location and maximize the information that can be extracted from it. Satellites even assist mine logistical planning as these decisions can have a significant impact on mine planning and operations and thereby rehabilitation and closure. Key stakeholders in the oil & mining industry are planning to apply digital elevation models in vegetation and forestation. The oil & mining industry is anticipated to be worth just over US$ 155 million by 2027.

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Massive Investments Needed in Telecommunication for Shift to 5G and IoT

The telecommunication industry is predicted to be the most attractive in the digital elevation model market in the forecast period. Topographic data is essential for macro cell planning (3-5 kilometre area grid cells with elevated base transceiver stations), micro cell planning (primarily in central areas of large cities), and clutter data (land use information in industry). Usually, the databases of 5-10m elevation data is used in micro cell planning, while 100m grid elevation is deployed in macro cell planning. The telecommunications industry is expected to record an exponential CAGR of 16.4% for the decadal forecast period, making it extremely lucrative opportunity for all stakeholders in the digital elevation model market.

Gaming and Entertainment Industry Using Digital Application Models

The gaming industry has always captured the attention of customers in developed economies but has now had an impact in emerging economies as well. A map is imperative in role-playing or strategy based games that are popular across demographics. The proliferation of smartphones is largely responsible for this and modern-day games consist of different 2D and 3D terrain models comprising cartographic methodology, spatial datasets, and various GIS technologies. Games with high quality graphics naturally require realistic looking maps with the maximum detail and the highest resolution to satisfy discerning gamers, especially millennials. This is only possible with the help of solutions available in the digital elevation model market. Several gaming giants such as EA Sports and others in the industry have focused their attention on war games with actual mapping data, thereby requiring digital application models.

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Sachet Packaging Market: Global Industry Analysis and Opportunity Assessment 2017 – 2027

Over the years, sachets have been used by large brands for sampling, to facilitate the penetration of their products in different markets and especially for targeting economically underprivileged societies in emerging economies.Sachet packaging is a marketing strategy designed to cater to the economic underclass in emerging economies as they represent a significant fraction of the population. The fact that sachets are affordable for all sections help in rapid market penetration. According to different studies, sachet packaging has witnessed the peak of success in countries such as India and other Southeast Asian countries, where they account for more than 95% of industry sales in terms of volume and 60% in terms of value. In countries such as India, sachets are cheaper than bottles, leading to more people indulging in product trials using single use sachets.

In western countries however, the situation is the opposite. Sachets cost more than bottles, per ml, a phenomenon that is referred to as negative price-pack curve. Sachets are used as small quantity sampling packages, usually containing 3-5 ml of the product. The idea is for the consumer to try the product and move on to bottles or bigger pack sizes if the product is found satisfactory. However, in countries such as India, the prices are kept low by brands to increase penetration and to appeal to all classes of consumers. Low cost helps sachets account for a major share of the market and also ensure high penetration in countries such as India, with a primarily price-sensitive population. In addition, sachets present an airtight environment, which enables manufacturers to offer more natural and high quality fresh products and reduce the use of preservatives.

Stick packs as an alternative to sachets hampering market growth

The global sachet packaging market might potentially be challenged by the growth of alternative flexible packaging solutions that come in small pack sizes. Growth in the global flexible packaging industry has paved way for growth in demand for small pack sizes to suit consumer preferences for convenience packaging. In western countries, the growth outlook of the sachet packaging market is slower as sachets are used for a different purpose in developed nations. Barring India and a few other South East Asian countries, most other countries have higher per ml cost of sachets as compared to larger pack sizes. This results in lower CAGR. Apart from this, growth in demand for alternative packaging solutions such as stick packs is also high. There is high competition between stick packs and sachets. The competitive edge that stick packs have over sachets is lower material cost. It costs more to pack a sachet than a stick pack. Stick packs have also emerged as one of the ideal unit-dose packaging solutions that mainly target the millennial population.

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Similar to sachets, stick packs have also found applications in a variety of industries such as the food and pharmaceutical industries. Another advantage that stick packs have over sachets is the relatively low material requirement, which according to some studies, has been estimated to be around 40% less than the amount of material required to pack sachets for the same fill capacity. As the demand for flexible packaging continues to increase, the competition between sachets and stick packs is expected to become more intense, further hampering optimum growth of the sachet packaging market. However, this also presents an opportunity for sachet manufacturers to identify consumer needs and innovate accordingly to stay ahead of the competition.

Global Sachet Packaging Market Analysis by Pack Size

Globally, the 1 ml – 10 ml segment is anticipated to dominate the sachet packaging market by pack size. The most used standard size for sachet sampling and single use is 7.5 ml, which falls in the 1 ml – 10 ml range, making it the most attractive market sub-segment by pack size. The 1 ml – 10 ml sub-segment is anticipated to witness unprecedented growth over the forecast period, with a sharp rise by 350 basis points. The decline in the other segments can mainly be attributed to their size. Sachets have been largely considered for single dose applications. Larger sizes decrease that utility and therefore have been estimated to lose basis points.

Global Sachet Packaging Market Forecast

The global sachet packaging market is estimated to be valued at over US$ 7,000 Mn in 2017, and is forecasted to be valued at more than US$ 12,000 Mn by the end of 2027. This represents a CAGR of 5.8% during the forecast period of 2017-2027.

Asia Pacific region to demonstrate a strong showing in the sachet packaging market by the first half of the next decade

North America leads the sachet packaging market in terms of value and volume, owing to a highly saturated market and a large retail sector. However, APEJ region is anticipated to overtake North America and emerge as the market leader by the first half of the next decade. The global sachet packaging market is expected to witness sizeable demand mainly from emerging economies over the forecast period.

The rise in demand for single-dose packages in the pharmaceutical industry has fuelled the demand for sachets across the globe. In emerging economies, sachets are marketed to aid maximum penetration among all classes, mainly targeting the middle class. For instance, in India, shampoo sachet penetration is 95% by volume. In addition, by pack size, 1 ml – 10 ml quantity has been identified as the pack size with maximum usage across the globe. In regions such as North America and Western Europe, sachets are not used for the purpose of maximum penetration, but rather as a solution to cater to the demand for single-dose pack sizes or for product sampling purposes.

The APEJ region is anticipated to witness unprecedented growth in terms of both value and volume over the forecast period, clocking a market value CAGR of a stunning 9.1% and market volume CAGR of 8.6%. The APEJ market is estimated to grow 2.3x its current volume, outdoing the other regions. It is therefore expected that the industry outlook for the global sachet packaging market will remain largely positive over the forecast period.

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