Customer Experience Management Market Top Key Players Analysis and Forecast Research

Customer experience management has become a key element of today’s marketing and branding strategy. With the constant technological evolution, consumers have become more intelligent and informed and are thus demanding superior and seamless experience throughout their purchase journey. It has thus become imperative for market leaders to provide such tailor-made experience for better profits and lead generation. Business organizations have understood the importance of customer experience management as it helps organizations to strengthen their brand presence, improve consumer loyalty, reduce consumer churn, and in turn boost business revenue. Customer experience management market is thus projected to witness a highly promising growth in the coming years of the forecast period.

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Global Customer Experience Management Market – Notable Developments

Some of the key developments in the global customer experience management market are:

• Recently, Deloitte Tocuche Tohmatsu Limited announced the launch of 360 degree CX Retail Intelligence Solution. It is an AI and Machine learning driven solution for the retail and FMCG industry that identifies poor consumer experiences, understands emerging trends, and offers actionable measures to improve overall efficiency.
• In 2019, SAP SE announced the takeover of Qualtrics, a US based customer experience management software developing company.

Some of the prominent companies operating in the market are IBM; Oracle; Adobe; SAP SE; and Avaya, Inc.

Global Customer Experience Management Market – Drivers and Restraints

One of the key driving factors for the growth of the global customer experience management market has been the increasing demand for customized and more personal experience by end users across wide range of industry verticals. Another important factor driving the growth of the market has been the constant technological advancements that are fundamentally transforming the way consumers react and interact with the brands of their choice across different channels. Presently, consumers are using different devices to gauge, review, and purchase the products. This disruption in the digital world is encouraging them to demand for seamless and hassle free experience during their interaction with different brands for different products. Due to the growth in the overall consumer expectations and their purchasing intelligence, companies are now more focused on restructuring their marketing strategies. These companies are now coming up with more aggressive and personalized marketing campaigns and provide an enriched customer experience. Such developments are thus projected to drive the overall growth of the global market in coming years.

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Global Customer Experience Management Market – Geographical Outlook

The global market for customer experience management is divided into five key regional segments to provide a better understanding of its overall geographical outlook. These five regions are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of these, currently, the global market has been led by the regional segment of North America. The regional segment accounted for a prominent share in the global market and is projected to continue to lead over the course of the forecast period. The growth of the segment can be primarily attributed to the fast paced digital transformation across wide range of industry verticals such as banking, telecom, and retail among others. In addition to this, increased levels of spending and resource allocation for digital channels and marketing among notable enterprises in the US and Canada will also help the overall development of the regional market.

On the other hand, the regional segment of Asia Pacific is expected to witness a highly promising growth in the coming years of the forecast period. The growth of the regional segment can be primarily attributed to the increasing digitization and adoption of new age technologies in the key industry verticals of emerging economies such as India and China among others.

Customer Experience Management (CEM) is getting a lot of attention in the technology market. CEM is a solution through which an organization can interact with their customers and analyze customer behavior, purchasing patterns, satisfaction, complaints, insights and their overall experience. Organizations have to reach out to customers and hence are applying this customer centric approach. 

This approach helps organizations to analyze customer insights and also helps the growth of the organization by improving the customer experience and customer loyalty. All organizations rely on satisfied customers for their growth since unhappy customers spread negativity about the organization thus destroying the brand name. With CEM, an organization collects the voice of customers which consists of the customer experience data that is invaluable for any organization to analyze customer insights. The customer experience management and voice of customer market can be segmented into the following categories: by analytic types, by customer touch point usage and by applications. Market trends and customer touch points are elaborated in this market.

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Wire and Cable Market Growth by Global Key Players

According to a new market report published by Transparency Market Research, the global wire and cable market is expected to reach US$ 235.9 Bn by 2026, expanding at a CAGR of 4.1% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific is likely to continue to be at the forefront of global demand, with the market in the region expanding at the CAGR of 4.8% through 2026.

Expansion in the Building Sector, Power Generation, and Distribution Networks is driving the Global Wire and Cable Market:

The demand for wire and cables is directly reliant on the expansion of the industrial sector and infrastructure development in the power generation and transmission, telecommunication, and residential and commercial sectors. Rapid urbanization and rising global population have increased the demand in these areas, thereby offering multiple opportunities to the global wire and cable market.

Wire and Cable Market: Scope of the Report

The global wire and cable market can be broadly segmented bybased on type, material, and application. byIn terms of type, the low voltage wire and cable segment is consistently expected to constitute a dominant market share between 2018 and 2026. Increasing urbanization, which is resulting in the expansion of power transmission & distribution networks and rise in residential & commercial buildings, is a major factor attributed to the segment’s high share.

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Moreover, rising demand for low-voltage wires in electrical installations of automobiles is another factor accounting for its dominance throughout the forecast period. However, out of all types, the optical fiber cable segment is expected to expand at a significant CAGR of 6.1% owing to its increasing applications for telecommunication systems, television transmission, and data networks. byBased on material, the copper segment held a prominent share of the market in 2017 and is further expected to lead the wire and cable market during the forecast period. Superior electrical conductivity together with high ductile and tensile strength makes copper a versatile material for wires and cables.

Apart from high performance and durability, copper has ability to undergo stress with minimum signs of wear and tear and also requires less maintenance. Therefore, in spite of the metal’s high cost, the copper segment is expected to constitute 64.3% share of the overall wire and cable market in 2026. byIn terms of application, the residential & commercial buildings and power transmission & distribution segments cumulatively accounted for 64.3% market share in 2017. Rapid urbanization, especially in the developing countries of Asia Pacific and Middle East, is boosting demand for wires and cables in the residential & commercial buildings and power distribution sectors. Furthermore, increasing government initiatives across the world for the renewal of existing transmission and distribution networks is further driving the power transmission & distribution segment.

Asia Pacific dominated the wire and cable market in 2017, with China constituting a majority share of its revenue. The dominance of the region in the market is attributed to its large population base, increasing industrialization and urbanization, development in transmission and distribution networks, increased renewable energy production, large automobile production, and supportive governmental initiatives for expansion or upgrade of existing infrastructure. In terms of country, China is expected to lead the wire and cable market in the region consistently throughout the forecast period.

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The country has a significant number of wire and cable manufacturers, and its production is more than double that of the next largest wire and cable producing country. Apart from China, countries including India, South Korea, and Japan are also expected to contribute significantly to the wire and cable market in Asia Pacific. The market in India is expected to expand at a rapid CAGR of 5.1% during the forecast period. North America and Europe collectively accounted for 34.2% market share in 2017. Their market share is expected to fall slightly in 2026 owing to the mature wire and cable market in the countries. 

Global Wire and Cable Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global wire and cable market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players in the wire and cable market are Prysmian Group, Hengtong Optic-Electric Co Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., General Cable Corporation, Jiagnan Group, TPC Wire & Cable Corp, LS Cable & System Ltd, Polycab Wires Private Limited, Southwire Company, LLC, Hitachi Metals Ltd, Nexans S.A., Leoni AG, and Far East Cable Co., Ltd among others. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

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Smart Pole Market Latest Trends, Share, Growth Industry Analysis and Forecast

Transparency Market Research (TMR) has launched a detailed report on the global smart pole market. Various governments have started initiatives to transform their cities into a smart city. According to TMR with the adaptation of digital technology on a street level, street lights are experiencing a makeover and are being revamped into smart street lights. Multiple organizations are getting involved in various strategies to add value to their businesses. They are investing a huge amount in research and development to develop a smart pole to promote their smart city projects. Organizations such as Telensa Limited, Lumca Inc., Philips Lighting Holdings, and Sansi Technology Co. are trying to add various features such as better connectivity, real-time response, and effective monitoring into their smart poles. 

The report gives great insight on the trends that governs the dynamics of global smart pole market. As per the report, the market of smart pole is likely to gross US$ 1000 million from 2017 to 2022. With implementation of technologies like artificial intelligence and machine leaning, global smart pole market tends to show a remarkable CAGR growth 13.7% in projected forecast period. 

On the basis of component, the sensor segment is likely to dominate other segments in global smart pole market. The growth is attributed to necessity of sensor installation on every smart pole so as to monitor the traffic in real-time. Out every other segment, the sensor segment shall exhibit highest CAGR growth in the forecast period. 

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During the forecast period, the region of Asia Pacific shall excel in smart pole market. This is because of the major developments in countries like India and China to transform their cities into smart cities. Also, various undertaking by governments of APAC countries has brought down the energy consumption level by 40%. Looking at the advantages of installing smart poles, various other countries have also joined hands to evolve their cities into smart cities. This yet another reason that Asia Pacific region shall dominate the global smart pole market. 

Risk of Road Accidents and Traffic Motoring Drive Global Smart Pole Market 

With the installation of smart video cameras, and sensors in various regions, the global smart pole market shall experience a tremendous push during the forecast period. Owing to the attributes such as traffic monitoring in real-time, internet connectivity, and emergency help during accidents, various governments are inclining towards implementation of smart poles in their cities. This is yet again a crucial reason that drives the growth for global smart pole market. Also the adoption of smart city projects by backward countries in order to connect the user with developed countries shall also help global smart pole market to grow. 

Various Opportunities to Help Global Smart Pole Market Overcome Major Challenges 

Since smart poles are intelligent poles that can contribute significantly on energy consumption, many companies shall want to step into the market and leverage the benefits that growth offers. Also, the increased requirement of business automation shall also open doors of opportunities for the players of global smart pole market. Although, factors such as slow development in rural areas and unavailability of electricity in backward regions may hamper the growth, but with features like solar-powered and energy conservation in the smart poles, global smart pole market shall keep up the growth consistent during the forecast period. 

Read More Press Release@  https://www.prnewswire.com/news-releases/power-semiconductor-market-to-touch-us54-88-bn-by-2025-due-to-rapid-adoption-of-wireless-technologies---tmr-300796491.html ​​​​​​​

The study presented here is based on a report by Transparency Market Research (TMR), titled, "Smart Pole Market (Component - Lighting Lamp, Communication Devices, Lamp Controller, Sensors, Software; Installation Type - New Installation, Retrofit Installation; Application - Highways & Roads, Railways, Harbors, Public Places) - Global Industry, Size, Share, Growth, Trends and Forecast 2017 - 2022" 

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Narrowband Internet-of-Things (IoT) Chipset Market to Grow with an Extravagant Level of Growth by 2025

As per the Transparency Market Research, the global narrowband internet-of-things (IoT) chipset market is highly consolidated. Most importantly in 2016, top five companies including U-blox Holding AG, Qualcomm Inc., Commsolid GMBH, Sequans Communications, and Altair Semiconductor held 98% share in the market. If these players keep making significant efforts, there is high possibility of them leading the market over the projected tenure.

Increased investment in research and development activities and higher emphasis on product innovation are some of the key focal points of the key players in this market. Collaboration, mergers and acquisition, and partnership are few other strategies that are widely used by leading players. For example, in 2018 Ericsson collaborated with MediaTek to expand their presence in narrowband IoT chipset market.  Few other companies are also playing a vital role in the global narrowband internet-of-things chipset market such as Huawei Technologies, Intel Corporation, Vodafone Group Plc, and Verizon Communications.

On the basis of statistical information, Transparency Market Research analyses that the global narrowband internet-of-things chipset market is anticipated to rise at staggering 37.9% CAGR over the forecast period between 2017 and 2025. In 2016, the market earned US$0.045 bn, which is expected to reach US$0.79 bn by the end of 2025.

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Based on deployment type, the guardband segment is expected to lead the global narrowband internet-of-things chipset market. In 2016, this segment held 41.9% share in the market, and it is projected that this segment will led the market over the projected period. The major advantage of using guardband is that it avoids interference between simultaneous communication channels. It also prevents crosstalk between two different frequency ranges. With respect to geography, emerging economies in Asia Pacific are offering high growth opportunities in the global narrowband internet-of-things chipset market. Growing work for smart city projects, and high adoption of smart meters in countries like India and China are also boosting growth in Asia Pacific narrowband IoT chipset market.

Innovations in IoT Services to Bolster Growth for Narrowband Internet-Of-Things

The best part about using narrowband internet-of-things technology is that it reduces overall complexity of different network types. Further, it helps in reducing overall device costs by nearly 60%, as compared to the devices built on LTE technology. Increasing adoption of IoT and network enabled devices, the demand for long-range connectivity and low-cost and low-power connectivity technologies also increased. These changing trends are expected to further accelerate growth in the global narrowband internet-of-things chipset market.

Moreover, increasing innovation in IoT services and hardware are expected to offer lucrative opportunities in the narrowband internet-of-things chipset market. Rising applicability of narrowband internet-of-things chipset in various devices such as smart appliances, alarms, trackers, detectors, wearable devices, and smart metering are also projected to surge growth in the global narrowband internet-of-things chipset market.

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Lack of Standardization of Low Power Wide Area Network Technology Threatening Market Performance

Lack of standardization of low power wide area network technology mainly in the telecommunication industry is one of the major restraint seen in the global narrowband internet-of-things (IoT) chipset market. High operational cost is also projected to deter demand in this market.  Moreover, increasing security and privacy concerns and low-speed data transmission rate are also projected to limit growth for narrowband internet-of-things chipset. However, increasing demand for high connectivity along with reduced power consumption that narrowband internet-of-things technology will drive demand in the global narrowband internet-of-things chipset market. Moreover, existing LPWA technologies that are non-standardized, fragmented, and have high operational cost, which can be reaplced by narrowband internet-of-things technology. This factor will further expand the global narrowband internet-of-things chipset market.

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Collaborative Robot Market Upcoming Growth By Top Key Players

The global collaborative robot market is likely to witness high competition, as the leading players in the market are constantly expanding their geographical reach in various regions and strengthening their position at the global level. Robert Bosch GmbH, Kuka AG, Kawasaki Heavy Industries Ltd., Nachi Robotic Systems, Inc., and ABB Ltd. are some of the prominent players in the market. Innovation and technological advancements are important strategies that is being imposed by these players. Moreover, to meet the growing needs from the end use industries, players are introducing new products. They are also investing heavily in research and development activities for collaborative robots that will in turn expand the market’s growth in the near future.

According to Transparency Market Research, the global collaborative robot market is projected to rise at healthy CAGR of 30.0% during the forecast period between 2016 and 2024. Thus, at this CAGR the valuation of the market is expected to touch US$95.0 bn by the end of tenure in 2024 by progressing from US$10.3 bn as estimated in 2015.

The application of collaborative robot is widely seen in material handling segment. This segment is projected to lead the global collaborative robot market throughout the forecast period by holding highest share in the market. This is because robot plays an important role in storing materials in warehouses and in distribution centers. Based on regional analysis, in 2015, Europe dominated the market in terms of revenue and the region held 36.4% of share in the overall market. However, Asia Pacific is likely to offer lucrative opportunities, as the manufacturing activities are gaining momentum in this region.

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Advanced Technologies Used by Manufacturers to Benefit Collaborative Robot Market

The main factor considered for the growth of collaborative robot is their ability to select perfect product assisting largely in the automaton companies. Adding to it, these robots are also capable of working with other machines with zero interference and no strict requirement for safety. Thus, these applications has grown the demand for collaborative robots in various industries that is likely to benefit markets growth in the coming years. Moreover, manufacturers are constantly making efforts in humanization of these robots by using advanced technologies that are also escalating the demand in the global collaborative robot market. 

Safety Concerns While Managing Industrial Grade Operation May Hamper Market Growth

On the other hand, the global collaborative robot market is facing several challenges that may deter the market to grow at its full potential. One of the major challenges faced by the market is to understand the need to safely manage industrial-grade operations.

In addition, slow production rate due to collaborative robot has extended the process of production period is also hampering the market’s growth. Nevertheless, the automotive industry is the key end user for collaborative robot that is likely to support the market growth and provide a fillip to the market in the near future. The growing use of collaborative robot in automation industry is likely to minimize the impact of above-mentioned restraints and help the market to gain traction in the coming years.

Read More Press Release@  https://www.prnewswire.com/news-releases/automotive-rear-view-mirror-market-to-reach-us11-13-billion-by-2022--rising-sales-of-suvs-to-propel-demand-noted-tmr-300818441.htm

The information presented in this review is based on a TMR report, titled “Collaborative Robot Market (Payload - Up to 5 Kg, 6 - 10 Kg, and Above 10 Kg; Application - Packaging, Material Handling, Quality Testing, Assembly, Machine Tending, and Welding; Industry - Automotive, Food and Beverages, Aerospace, Plastic and Polymers, and Metals and Machining) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024..”

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Collaborative Robot Market to Witness Huge Growth by 2020-2024

The global collaborative robot market is likely to witness high competition, as the leading players in the market are constantly expanding their geographical reach in various regions and strengthening their position at the global level. Robert Bosch GmbH, Kuka AG, Kawasaki Heavy Industries Ltd., Nachi Robotic Systems, Inc., and ABB Ltd. are some of the prominent players in the market. Innovation and technological advancements are important strategies that is being imposed by these players. Moreover, to meet the growing needs from the end use industries, players are introducing new products. They are also investing heavily in research and development activities for collaborative robots that will in turn expand the market’s growth in the near future.

According to Transparency Market Research, the global collaborative robot market is projected to rise at healthy CAGR of 30.0% during the forecast period between 2016 and 2024. Thus, at this CAGR the valuation of the market is expected to touch US$95.0 bn by the end of tenure in 2024 by progressing from US$10.3 bn as estimated in 2015.

The application of collaborative robot is widely seen in material handling segment. This segment is projected to lead the global collaborative robot market throughout the forecast period by holding highest share in the market. This is because robot plays an important role in storing materials in warehouses and in distribution centers. Based on regional analysis, in 2015, Europe dominated the market in terms of revenue and the region held 36.4% of share in the overall market. However, Asia Pacific is likely to offer lucrative opportunities, as the manufacturing activities are gaining momentum in this region.

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Advanced Technologies Used by Manufacturers to Benefit Collaborative Robot Market

The main factor considered for the growth of collaborative robot is their ability to select perfect product assisting largely in the automaton companies. Adding to it, these robots are also capable of working with other machines with zero interference and no strict requirement for safety. Thus, these applications has grown the demand for collaborative robots in various industries that is likely to benefit markets growth in the coming years. Moreover, manufacturers are constantly making efforts in humanization of these robots by using advanced technologies that are also escalating the demand in the global collaborative robot market. 

Safety Concerns While Managing Industrial Grade Operation May Hamper Market Growth

On the other hand, the global collaborative robot market is facing several challenges that may deter the market to grow at its full potential. One of the major challenges faced by the market is to understand the need to safely manage industrial-grade operations.

In addition, slow production rate due to collaborative robot has extended the process of production period is also hampering the market’s growth. Nevertheless, the automotive industry is the key end user for collaborative robot that is likely to support the market growth and provide a fillip to the market in the near future. The growing use of collaborative robot in automation industry is likely to minimize the impact of above-mentioned restraints and help the market to gain traction in the coming years.

Read More Press Release@  https://www.prnewswire.com/news-releases/automotive-rear-view-mirror-market-to-reach-us11-13-billion-by-2022--rising-sales-of-suvs-to-propel-demand-noted-tmr-300818441.htm

The information presented in this review is based on a TMR report, titled “Collaborative Robot Market (Payload - Up to 5 Kg, 6 - 10 Kg, and Above 10 Kg; Application - Packaging, Material Handling, Quality Testing, Assembly, Machine Tending, and Welding; Industry - Automotive, Food and Beverages, Aerospace, Plastic and Polymers, and Metals and Machining) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024..”

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Low Voltage (LV) and Medium Voltage (MV) Switchgear Market Top Key Players Analysis and Forecast Research

The global low voltage (LV) and medium voltage (MV) switchgear market depicts the presence of a highly competitive and dynamic vendor landscape, says Transparency Market Research on the basis of a newly published report. The intense competition has made most players in the market to take part in mergers and acquisitions in the form of prime strategies to induce growth in their organizations. With the entry of new players on a regular basis, the level of competition is expected to dramatically increase during the forthcoming years.

Many businesses working in the global low voltage (LV) and medium voltage (MV) switchgear market are focusing on mergers and acquisitions as key strategies, in order to gain extensive revenue. Enhancing product portfolio, bringing about geographical expansion, and increasing capacity of low voltage (LV) and medium voltage (MV) switchgear production are other important strategies that are implemented by most organizations operating in the market.

ABB Ltd., GE Co. Mitsubishi Electric Corp., Crompton Greaves Ltd., Siemens AG, Powell Industries Inc., Bharat Heavy Electricals Ltd., Hyosung Corp., Eaton Corp., OJSC Power Machines, and Schneider Electric SE, are key companies operating in the global low voltage (LV) and medium voltage (MV) switchgear market.

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In 2015, this market had registered a revenue worth US$56.23 bn, which is further expected to record a valuation of US$98.90 bn by the end of 2024. This growth is projected to occur at a strong CAGR of 6.8% between 2016 and 2024, which is the forecast period covered in the report.

Rapid Industrialization and Urbanization Boosting Market’s Growth

The global low voltage (LV) and medium voltage (MV) switchgear market is being driven mainly due to a rise in demand for enhanced protection in electricity distribution systems. The demand for switchgear is also expected to increase owing to rapid industrialization and infrastructural development taking place all over the globe. With rural development and urbanization mushrooming rapidly, the construction of electricity transmission lines and distribution networks is highly necessary. Low voltage (LV) and medium voltage (MV) switchgear play a crucial role in setting up these networks, consequently driving the associated market.

High Costs of Manufacturing Equipment Restrains Market’s Expansion

However, high costs required for manufacturing low voltage (LV) and medium voltage (MV) switchgear devices makes it substantially expensive for companies having less disposable income to work in this market. This causes them to settle on alternatives, consequently hindering the global low voltage (LV) and medium voltage (MV) switchgear market’s growth. Lack of raw materials in several remote and underdeveloped regions needed to produce the switchgear is also restraining the market from a regional perspective. Nevertheless, some organizations are expected to introduce cost effective solutions, which may considerably reduce effects of restraints affecting the global low voltage (LV) and medium voltage (MV) switchgear market in the near future.

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This review is based on a new report published by Transparency Market Research titled, “Low Voltage (LV) and Medium Voltage (MV) Switchgear Market (Product Standards - IEC (International Electro technical Commission) standards, ANSI (American National Standards Institute) standards; Application - Power plants, Oil & Gas and Petrochemical Industry, Pulp and paper industry, Utilities sector; Voltage Range - Less than 1kV, 1kV - 5kV, 6kV - 15kV, 16kV - 27kV, 28kV - 38kV; Components - Circuit Breaker, Relays; Insulation type - Air Insulated Switchgear, Gas Insulated Switchgear) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

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