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Deputy Minister for Transport and Communications U Lu Mon attended the 2024 Global Internet Conference and China-ASEAN Information Harbour Forum held in Wuzhen, Zhejiang Province of China from 20 to 22 November. The conference has been held yearly since 2014, and this year’s theme is “Embracing a People-Centred and AI-for-Good Digital Future – Building a Community with a Shared Future in Cyberspace”. Experts and entrepreneurs in the the field of digital technology attended the event. The opening ceremony of the 2024 Global Internet Conference was on 20 November, and President Xi Jinping sent a video message to the event. Member of the Communist Party of China (CPC) Central Committee Political Bureau Mr Ding Xuexiang, Vice-President of Honduras Mr Renato Florentino Pineda, Vice-President of Zambian Ms Mutale Nalumango, Deputy Prime Minister of Vietnam Mr Le Thanh Long and other UN relevant officials and organizations made opening speeches. The roundtable discussion of ministers from international countries was held in the evening, and Deputy Minister U Lu Mon attended the discussion. On 21 November, the deputy minister attended the “China-ASEAN Information Harbour Forum” and made remarks, and attendees discussed matters related to narrowing gaps in technology in regional countries to accelerate China-ASEAN trading with the digital system under the topic of “Co-Building the Digital Silk Road, Sharing a Digital Future”. During the visit, the deputy minister and delegation observed the booths of the Light Internet Expo, and attended the awarding ceremony of global youths, the opening ceremony of Global Elite Training of the World Internet Conference Digital Academy and “Construction of Trustworthy of Artificial Intelligence”. — MNA/KTZH
( MENAFN - PR Newswire) NEW YORK, Dec. 15, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global trampoline market size is estimated to grow by USD 978.4 million from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 5.12% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The round trampolines segment dominates the global trampoline market due to their widespread popularity and basic design. Round trampolines are the most common type, featuring steel frames and spring coils for bouncing. They offer a focused bouncing area, making them suitable for both backyard recreation and professional use. JumpSport's DoubleBounce round trampolines, with extra mats for safety, cater to both beginners and professionals. Round trampolines' lightweight circular frames ensure durability and ease of construction. Their availability and affordability contribute to their heavy sales. However, the segment may face competition from rectangular, square, and smart trampolines, leading to steady but slower growth. Analyst Review Trampolines are popular recreational and fitness equipment known for their strong fabric and frames, typically made of steel. The folding mechanism allows for easy storage and transport. Elasticity is provided by springs or a springless design, making bouncing fun and effective for astronauts training and gymnasts honing their skills. Trampolines have gained popularity in various settings, from the Olympics to trampoline parks, catering to both children and adults. With increasing health consciousness, trampolines offer numerous physical activity benefits, promoting fitness and well-being. Safety enhancements ensure a safe and enjoyable experience for all. Trampoline parks feature wall-to-wall trampolines, foam pits, and dodgeball arenas, providing opportunities for social interaction, entertainment, and digital integration. Despite the risks, injury rates are relatively low due to continuous improvements in design and technology. Market Overview Trampolines are a popular source of fun and physical activity for people of all ages, from children to adults. The core components of a trampoline include a strong fabric mat, supportive frames made of steel, and elasticity provided by springs or a folding mechanism. Trampolines have gained popularity due to their association with astronauts and gymnasts, who use them for training. The Olympics have featured trampolining as a sport since 2000, bringing it into the limelight. Trampolines offer numerous health benefits, such as improving lung capacity, muscle tone, heart health, and enhancing coordination and muscular strength. However, safety is a concern, and trampoline parks and e-commerce platforms have responded with kid safety technology, water resistance, climate resistance, and injury rate reduction measures. Innovations in trampoline technology include springless trampolines, smart trampolines with sensors, and interactive experiences like foam pits and dodgeball arenas. Trampolines provide a unique blend of physical fitness, social interaction, entertainment, and learning opportunities for individuals seeking an active lifestyle. With the Olympic spotlight on trampolining and the growing awareness of health benefits, the trampoline market continues to evolve, offering new and exciting experiences for aspiring athletes and fitness enthusiasts alike. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 10.1 Springfree Trampoline Inc 10.2 Stamina Products Inc 10.3 Multiplay International Ltd 10.4 Sino Fourstar Group Co. Ltd 10.5 Eurotramp Trampoline Kurt Hack GmbH 10.6 Vuly Trampolines Pty Ltd 10.7 Airmaster Trampoline (U.S.) 10.8 Domi Jump Inc 10.9 Skywalker Holdings LLC 10.10 JumpSport Inc 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: SOURCE Technavio MENAFN15122024003732001241ID1108995365 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. 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Kate Bush campaigns against generative AI
Andrej Jakimovski hit a layup with 8 seconds left, and Colorado upset No. 2 UConn 73-72 in the consolation bracket of the Maui Invitational on Tuesday in Lahaina, Hawaii. Colorado (5-1) rallied from down 11 in the first half to get the win over the two-time defending national champions Huskies. Jakimovski finished with 12 points and 10 rebounds and Julian Hammond III and Elijah Malone each scored 16 for the Buffaloes, who advanced to the fifth-place game in Maui on Wednesday. Down 72-71, Jakimovski drove the right side of the lane and made a scoop shot as he was falling down. UConn called timeout to set up the final play but Hassan Diarra missed a 3-pointer with 2 seconds left. Liam McNeeley led UConn with 20 points, Solo Ball scored 16 and Diarra finished with 11. The Huskies (4-2) lost two straight for the first time since dropping three in a row from Jan. 11-18, 2023. Colorado trailed by eight at halftime and Diarra hit two 3-pointers early in the second half that made it 46-37. The Buffaloes scored the next 11 points to take a 48-46 lead, their first of the game. Hammond bookended that run with a pair of triples. UConn went back in front 55-52 on Tarris Reed Jr.'s driving layup but Malone's bucket with 8:34 left tied it at 59. McNeeley's hook shot gave the Huskies a 63-60 lead before Jakimovski drained a 3-pointer to tie it again with 5:16 left. Ball hit a 3-pointer and a layup to give UConn a five-point lead but Colorado got within 70-69 on two free throws by Malone with 2:04 left. A putback from Jaylin Stewart made it a three-point game with 1:29 remaining. Malone answered with a layup, Javon Ruffin blocked Diarra's shot and Colorado got an offensive rebound with 24 seconds left to set up the winning basket. McNeeley made his first four shots from deep and had 16 points by intermission to lead the Huskies. Colorado had opportunities to make it a close game by halftime but went just 12-for-19 from the foul line and trailed 40-32. UConn attempted only four free throws in the first half and had five players with two or more fouls, including Reed, who had three. --Field Level MediaNEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global workforce management software market size is estimated to grow by USD 3.08 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 7.66% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview 1.1 IT and telecom 1.2 BFSI 1.3 Healthcare 1.4 Manufacturing 1.5 Consumer goods and retail and others 2.1 Cloud based 2.2 On-premises 3.1 North America 3.2 Europe 3.3 APAC 3.4 Middle East and Africa 3.5 South America Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: Cloud-based workforce management software allows businesses to manage their employees remotely with accessibility from anywhere via the internet. This solution offers features such as time tracking, scheduling, and communication. The cloud- segment is projected to expand rapidly due to its ability to provide global, up-to-date information from a unified platform. Enterprises benefit from reliability, visibility, and flexibility to accommodate diverse HR needs worldwide. Cloud-based workforce management software can be deployed faster and updated seamlessly, providing users with the latest functionalities without additional client effort. These advantages make cloud-based WFM software increasingly popular for managing dynamic and remote workforces, fueling the market's growth during the forecast period. Analyst Review The Workforce Management Software market is a dynamic and evolving industry that caters to businesses seeking to optimize their workforce and streamline operations. This software solutions segment encompasses a range of applications, including remote work tools, employee management systems, labor management software, and staff scheduling solutions. These platforms enable businesses to effectively manage their workforce, predict workforce needs, and optimize scheduling for various industries such as healthcare and field services. Key features of workforce management software include task management, workforce prediction, time tracking, and labor analytics. Additionally, mobile applications, AI, predictive analytics, and business intelligence solutions are increasingly being integrated to enhance productivity, customer service, and compliance with labor laws. Hybrid workforces, including in-store employees and IT resources, also benefit from these solutions, allowing for efficient management of both remote and on-premises teams. Market Overview The Workforce Management Software market is experiencing significant growth due to the increasing trend of remote work and the need for efficient Employee Management, Labor Management, and HR Management in various industries. The market caters to Business Operations in sectors like Healthcare, Construction, Packaging, Aerospace, and Manufacturing, among others. This software enables Workforce Prediction, Scheduling, Task Management, Rewards, and Time and Attendance tracking. It also offers Workforce Optimization through AI and Machine Learning, Cloud Computing, and Big Data analysis. The market includes solutions for Contact Centers, Back Offices, Energy and Utilities, and IT Resources. Compliance with labor laws and resource allocation are crucial aspects of this software. The market is witnessing a shift towards digital solutions, including mobile applications, and the adoption of cloud segment for its scalability and accessibility. Remote workforces, including in-store employees, field service providers, and remote agents, are also being effectively managed through these solutions. Employee training and fatigue management are additional features that enhance productivity and ensure workforce readiness. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioWheel of Fortune’s most prized tradition is the bonus round, where each episode’s winner is faced with one last puzzle and a mere 10 seconds to come away with an even bigger bundle of cash (or not). But fans want a word with host Ryan Seacrest about how he’s presenting the prizes after giving a puzzling amount of build-up to a player’s $40,000 win. On Friday, November 22’s episode, Brittany Brock, a kindergarten teacher from Chicago, Illinois, was the player to proceed to the coveted bonus round. By then she had won $17,300 in cash, a trip to Kauai, and selected “Living Thing” as her category. With the savvy additional letters of “DPBI” the two-word puzzle read as, “‘_ _ DDL_’ ‘P_PP_'”. Near-instantly, she correctly solved it as “Cuddly Puppy.” The broadcast cut to Seacrest and an excited Brock, and it was time to reveal how much she won from the prize wedge she picked. Seacrest opened the gold prize card and glanced at the figure. “And...” he told her with a surprised grin (below). After a few seconds he added, “Ready?” Broke clasped her hands over her mouth in anticipation as Seacrest then revealed she won an extra $40,000, the least one can win in the bonus round. “$40,000!” he exclaimed. This brought her to a grand total of $57,381 and she was overjoyed nonetheless, embraced her husband. On Social media, many fans celebrated the big win while left wondering why Seacrest presented the prize with such a prolonged rollout that it seemed like a bigger value and as if the confetti was about to overflow onto the Sony Pictures Studios parking lot. “Ryan acting like it’s $75,000 or $100,000 with the slow way he shows the amount,” one fan wrote when the game show shared the clip to YouTube. Over on the WoF Reddit, a fan dedicated a discussion thread to the moment titling it, “Bonus Reveal... lolz.” They continued, “I like Seacrest, but gotta admit, I’m not a fan of the dramatic 40K reveals lol.” “Agreed...” a second user wrote, arguing that a contestant in the future could be “disappointed” it’s not more. “The Mrs. and I commented on that last night. He presents it like it’s something more than the minimum prize amount! One of these days, the contestant is going to react disappointedly.” A third wrote, “He also contorts his body awkwardly and bounces around to just flip the card open. Then says ‘it was this much’ as if he can’t say the amount. Kind of weird. But the lack of higher amounts lately is noticed. I’m glad it’s been all cash so far. A lot of the cars prior were 30k, which is nice, but they were lowest prize.” “I agree, feels like he’s forcing it,” wrote a fourth. A fifth was even more critical, “I’m sorry I know a lot of people are going to get mad at me but I just don’t like him. There’s something about him, that I just don’t enjoy watching him in anything at all.” Meanwhile , Seacrest, of course, had huge shoes to fill replacing the legendary Pat Sajak alongside the iconic Vanna White after four decades for Season 42. His debut month was the strongest ratings month for WoF in the past three years, and viewers were already treated to a viral moment (via a round of sausage) . That said, there have been some other questionable moments according to fans. In September, Seacrest suffered what fans dubbed his “first blooper” , involving a prolonged reaction to rewarding a bonus round. Fans also called out the host for ruling against another player before the timer was up. There have also been a few on-screen “glitches,” and a minor spelling error in a Thanksgiving puzzle . Many fans also blamed a lack of experience on Seacrest’s mishandling of a contestant’s $1million wedge, which she instantly forfeited. Wheel of Fortune , Weeknights, Check your local listings More Headlines:
Mikel Arteta hailed the best away European performance of his Arsenal reign after watching his side dismantle Sporting Lisbon 5-1. The Gunners delivered the statement Champions League victory their manager had demanded to bounce back from a narrow defeat at Inter Milan last time out. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track, lifting them to seventh place with 10 points in the new-look 36-team table. It was Arsenal’s biggest away win in the Champions League since beating Inter by the same scoreline in 2003. “For sure, especially against opposition we played at their home who have not lost a game in 18 months – they have been in top form here – so to play with the level, the determination, the purpose and the fluidity we showed today, I am very pleased,” said Arteta. “The team played with so much courage, because they are so good. When I’m watching them live they are so good! They were all exceptional today. It was a big performance, a big win and we are really happy. “The performance was there a few times when we have played big teams. That’s the level that we have to be able to cope and you have to make it happen, and that creates belief.” A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners took the lead after only seven minutes when Martinelli tucked in Jurrien Timber’s cross, and Saka teed up Havertz for a tap-in to double the advantage. Arsenal added a third on the stroke of half-time, Gabriel charging in to head Declan Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Viktor Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after David Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved. A miserable night for prolific Sporting striker Gyokeres was summed up when his late shot crashed back off the post.Imperial Oil wants more government aid for $16 billion oilands projectChiefs Defender Teases Return vs. Raiders with Cryptic Post
New York Jets interim coach Jeff Ulbrich said Aaron Rodgers “absolutely” will remain the team's starting quarterback and start Sunday against the Seattle Seahawks. Rodgers, who turns 41 next Monday, has been hampered at times during the Jets' 3-8 start by various injuries to his left leg, including a sore knee, sprained ankle and balky hamstring. Ulbrich said Monday the quarterback came back from the team's bye-week break ready to go. “All I can say, and you'd have to ask Aaron if he's fully healthy, but he's better off today than he's been as of late,” Ulbrich said. "So he's definitely feeling healthier than he has probably for the past month. A healthy Aaron Rodgers is the Aaron Rodgers we all love. “So, I'm excited about what that looks like.” NFL Network reported on Sunday that Rodgers, who missed all but four snaps last season with a torn left Achilles tendon , has declined having medical scans on his injured leg so he can continue to play. “I have not been informed of that, either way,” Ulbrich said. Rodgers suffered what NFL Network reported was a “significant” hamstring injury against Denver in Week 4. He then sprained his left ankle against Minnesota in London a week later. The four-time MVP has not been able to consistently move around during games as he has in the past, when extending plays and making things happen on the run became such a big part of his game. Rodgers said leading into New York's 28-27 loss to Indianapolis last Sunday that it was the healthiest he felt in a while. But he struggled against the Colts, finishing 22 of 29 for 184 yards after a brutally slow start during which he went 9 of 13 for just 76 yards. The Athletic reported last week that owner Woody Johnson broached the idea during a meeting with the coaching staff of having the banged-up Rodgers sit after the Jets' loss to Denver in Week 4. With Rodgers' struggles and perhaps compromised health the past few games, a hot debate on social media and sports talk shows during the past week has been whether the quarterback should take a seat in favor of Tyrod Taylor. But when asked if there has been any talk of shutting down Rodgers, Ulbrich replied flatly: “There has not.” In a follow-up question, the interim coach was asked if Rodgers will, in fact, be the Jets' starting quarterback at home Sunday against the Seahawks. “Absolutely,” Ulbrich said. He added that he didn't feel the need to sit down with Rodgers and address all the reports and chatter outside the facility. “No, I feel like we are on the same page,” the coach said. Last week, Ulbrich said he and his staff would take “a deep dive” into what the team could do better after losing seven of its past eight and being on the verge of missing the postseason for the 14th consecutive year. Ulbrich opted not to make any changes to the coaching responsibilities of his staff and he will continue to run the defense as the coordinator. He also said there would not be any personnel changes coming out of the bye, barring injuries. “But definitely, we created a really clear vision of where we need to improve and found some things,” Ulbrich said. “Obviously, you find the things that you’re not doing well, you need to improve upon them, but then also found some some things that I think we can really build upon. So I was excited in both ways.” Johnson fired general manager Joe Douglas last Tuesday, six weeks after he also dismissed coach Robert Saleh. On Monday, the team announced it would be assisted by The 33rd Team , a football media, analytics and consulting group founded by former Jets GM Mike Tannenbaum, in its searches for a general manager and coach. Ulbrich insisted that isn't creating an awkward situation for him, in particular, as he and his staff focus on the present while the organization begins planning for the future. “In all honesty, it’s not at all,” Ulbrich said. “My singular focus is just finishing the season off the right way, playing a brand of football we’re all proud of, myself included. And that starts with Seattle.” LB C.J. Mosley said he's “progressing” in his return from a herniated disk in his neck, but is still uncertain about his availability for Sunday. Mosley said Monday was the first time he put on a helmet since the injury occurred during pregame warmups against New England on Oct. 27. ... Ulbrich said the team is still evaluating LT Tyron Smith, who missed the game against Indianapolis with a neck ailment. AP NFL: https://apnews.com/hub/nflNEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global fantasy sports market size is estimated to grow by USD 9.72 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 7.05% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered Product (Fantasy soccer, Fantasy baseball, Fantasy basketball, Fantasy football, and Others), Platform (Mobile application and Website), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Key Companies Covered APKMozo.com , Blitz Studios Inc., Dream Sports, FantasyPros.com , Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo Regions Covered North America, Europe, APAC, South America, and Middle East and Africa Region Outlook 1. North America - North America is estimated to contribute 37%. To the growth of the global market. The Fantasy Sports Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The North American fantasy sports market is primarily driven by the substantial player base in the region, which exceeds 50 million individuals. This figure continues to expand annually. The market's growth is attributed to the enhanced user experience offered by fantasy sports platforms. Additionally, the popularity of sports like football and Internet infrastructure contribute significantly to the market's strength. Notably, North American gamers have a higher disposable income compared to their counterparts in other regions, making it an attractive market for vendors. Key players in the North American market include Activision Blizzard, Electronic Arts, and Microsoft. For more insights on North America's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: Fantasy soccer is a popular game where participants build teams of real-life soccer players and earn points based on their actual on-field statistics. This game involves selecting eleven players for four positions. Soccer's global appeal fuels the fantasy soccer market's growth. Notable leagues include Draft Fantasy Football, McDonald's FIFA World Cup Fantasy, Fantasy Premier League, and UEFA Champions League Fantasy Football. Players can make transfers before the season, with a cap on the number during the season. Some websites offer unlimited transfers but deduct points. Player performance determines transfer fees. The increasing viewership on various media platforms, such as the internet and mobile, is expected to boost the segment's expansion in the global fantasy sports market during the forecast period. Research Analysis The Fantasy Sports Market is experiencing exponential growth, fueled by the increasing popularity of sports leagues and tournaments across the globe. NFL, Premier League, IPL, and various other leagues have a massive fan base, driving the demand for fantasy sports platforms. High-speed internet and smartphones have made online gaming more accessible than ever before. The market size is projected to expand significantly due to the rise of the Online gaming business. Secure payment methods and the integration of blockchain-based apps ensure a safe and transparent user experience. Fantasy chatbots offer personalized recommendations and real-time updates, enhancing fan engagement. However, the market faces challenges from illegal sports betting and the need for regulatory frameworks. Sports Tech is revolutionizing the industry, with software engineers and data scientists at the forefront of innovation. Baseball, Cricket, Football (rugby), Volleyball, and other sports continue to captivate audiences worldwide, fueling the growth of the Fantasy Sports Market. Internet penetration is a key factor, with more regions embracing digital platforms for sports consumption. Market Overview Fantasy sports market is experiencing exponential growth, fueled by the popularity of sports leagues and tournaments across the NFL, Premier League, IPL, and more. Fan engagement reaches new heights with fantasy sports platforms, enabling high-speed internet users to enjoy online gaming experiences, including eSports, football, baseball, basketball, hockey, cricket, and more. Gameplay is enhanced through user interfaces, social interaction, and daily fantasy contests, as well as virtual trading and NFT-based games like Reignmakers and Fantasy Football. The mobile application sector is a significant driver, with platforms offering mobile applications and virtual reality (VR) and augmented reality (AR) experiences. Online gambling and sports betting are also integral parts of the fantasy sports ecosystem. However, it's essential to maintain secure payment methods and adhere to regulations against illegal sports betting . Software engineers, data scientists, and cybersecurity professionals are crucial in developing these innovative platforms, ensuring seamless user experiences and protecting against potential threats. The online gaming business continues to evolve, with freemium models, in-app purchases, advertising, and premium subscriptions driving revenue. Emerging sports like badminton, football (rugby), volleyball, and others are also gaining traction in the fantasy sports world. Internet penetration and the rise of Sports Tech have played a significant role in the market's growth. As more users access these platforms, the importance of sensor tower data and advertising opportunities increases. The future of fantasy sports lies in the integration of blockchain-based apps, fantasy chatbots, and the potential of in-app advertisements, pay-per-download, and subscription services. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/fantasy-sports-market--37-of-growth-to-originate-from-north-america-technavio-302331215.html SOURCE Technavio
TWO I'm A Celeb stars risk being in serious trouble after breaking strict show rules. The popular ITV show sees famous faces living on basic rations in the Australian jungle. Two campmates were revealed to have brought "contraband" to the show. In Wednesday's episode, Dean McCullough confessed to Jane Moore that he'd smuggled in teabags. He confessed: "So if I pour you a cup of tea just, would you prefer it tonight or tomorrow? Would you prefer it in the morning?" Tonight's episode saw camp face big consequences for the Radio 1 DJ's antics. His radio colleague Melvin Odoom won cupcakes for camp during a challenge. This task also featured newcomers Rev. Richard Coles and Maura Higgins . Melvin was devastated upon learning they would receive only half of the cupcakes - due to contraband. He updated the other celebrities through a note, revealing a "jungle amnesty". All remaining contraband had to be brought to the Bush Telegraph to avoid further punishment. As a giggly Dean handed over the teabags, N-Dubz star Tulisa revealed a campmate shared seasoning with her - which she hadn't used. It transpired Melvin subtly gave it to Tulisa on the first day, when she was cooking . Meanwhile, Ant and Dec previously addressed "Teagate" on ITV2 spin-off show Unpacked. Dec warned: "I have to say we're keeping an eye on teagate. "I don't know if we've seen the bag, something has happened this morning. i'm A Celebrity is back for its 24th series, with a batch of famous faces living in the Aussie jungle. The Sun's Jake Penkethman takes a look at the stars on the show this year.. Coleen Rooney - Arguably the most famous name in the camp, the leading WAG, known for her marriage to Wayne Rooney , has made a grand return to TV as she looks to put the Wagatha Christie scandal behind her. The Sun revealed the mum-of-four had bagged an eye-watering deal worth over £1.5million to be on the show this year making her the highest-paid contestant ever. Tulisa - The popstar and former X Factor judge has made her triumphant TV comeback by signing up to this year's I'm A Celeb after shunning TV shows for many years. Known for being a member of the trio, N-Dubz, Tulisa became a household name back in 2011 when she signed on to replace Cheryl on ITV show The X Factor in a multi-million pound deal. Alan Halsall - The actor, known for playing the long-running role of Tyrone Dobbs on ITV soap opera Coronation Street, was originally signed up to head Down Under last year but an operation threw his scheduled appearance off-course. Now he has become the latest Corrie star to win over both the viewers and his fellow celebrities. Melvin Odoom - The Radio DJ has become a regular face on TV screens after rising to fame with presenting roles on Kiss FM, BBC Radio 1 and 4Music. Melvin has already been for a spin on the Strictly dancefloor and co-hosted The Xtra Factor with Rochelle Humes in 2015 but now he is facing up to his biggest challenge yet - the Aussie jungle . GK Barry - The UK's biggest social media personality, GK, whose real name is Grace Keeling, has transformed her TikTok stardom into a lucrative career. Aside from her popular social media channels, she hosts the weekly podcast, Saving Grace, and regularly appears on ITV talk show, Loose Women. She has even gone on to endorse popular brands such as PrettyLittleThing, KFC and Ann Summers. Dean McCullough - A rising star amongst this year's bunch of celebs , Dean first achieved notability through his radio appearances on Gaydio and BBC Radio 1. He was chosen to join the BBC station permanently in 2021 and has featured prominently ever since. He has enjoyed a crossover to ITV over the past year thanks to his guest slots on Big Brother spin-off show, Late & Live. Oti Mabuse - The pro dancer has signed up to her latest TV show after making her way through the biggest programmes on the box. She originally found fame on Strictly Come Dancing but has since branched out into the world of TV judging with appearances on former BBC show The Greatest Dancer as well as her current role on ITV's Dancing On Ice . Danny Jones - The McFly star was drafted into the programme last minute as a replacement for Tommy Fury. Danny is the second member of McFly to enter the jungle , after Dougie Poynter won the show in 2011. He is also considered a rising star on ITV as he's now one of the mentors on their Saturday night talent show, The Voice , along with bandmate Tom Fletcher. Jane Moore - The Loose Women star and The Sun columnist is braving the creepy crawlies this year. The star is ready for a new challenge - having recently split from her husband . It will be Jane's first foray into reality TV with the telly favourite having always said no to reality shows in the past. Barry McGuigan - Former pro boxer Barry is the latest fighting champ to head Down Under following in the footsteps of Tony Bellew and Amir Khan. It comes after a tough few years for Irish star Barry, who lost his daughter Danika to bowel cancer . He told The Late Late Show in 2021: "She was such an intrinsic part of the family that every day we ache." Maura Higgins - The Irish TV beauty first found fame on Love Island where she found a brief connection with dancer Curtis Pritchard . Since then, she has competed on Dancing On Ice as well as hosting the Irish version of the beauty contest, Glow Up. Since last year, she has been working on building up her career in the US by being the social media correspondent and host of Aftersun to accompany Love Island USA. She even guest hosted an episode of the spin-off, Love Island Games, in place of Maya Jama last year. Rev. Richard Coles - Former BBC radio host the Rev Richard Coles is a late arrival on I’m A Celebrity , and he's ready to spill the beans on his former employer. The former Communards and Strictly star , said the BBC did not know its a**e from its elbow last year. An insider said: "Rev Coles will have a variety of tales to tell from his wild days as a pop star in the Eighties, through to performing on Strictly and his later life as a man of the cloth." "I think we've seen the tea - but we're checking. "The problem is to normally penalise them we take food off them. They didn't win any food!" Previously, Dean and GK Barry failed to win any stars in a trial - leaving camp to have rice and beans. I'm A Celebrity continues on ITV1 and ITVX.The GenScript Biotech Global Forum Makes a Strong Debut in Europe, Highlighting Breakthroughs in Cell and Gene Therapy DevelopmentA popular video game developer has decided to pull content featuring Irish MMA fighter Conor McGregor from sale, after a woman who said he raped her won a civil claim for damages against him. Nikita Hand, who accused the sportsman of raping her in a Dublin hotel in December 2018, won her claim against him for damages in a civil case at the High Court in the Irish capital. The jury delivered its verdict on Friday. The total amount of damages awarded to Hand by the jury was 248,603.60 euros (£206,714.31). Mr McGregor made no comment as he left court but later posted on social media that he intends to appeal. The Irish athlete has featured in multiple video games, including voice-acting a character bearing his likeness in additional downloadable content in the Hitman series. Mr McGregor’s character featured as a target for the player-controlled assassin in the game. IO Interactive, the Danish developer and publisher of Hitman, said in a statement: “In light of the recent court ruling regarding Conor McGregor, IO Interactive has made the decision to cease its collaboration with the athlete, effective immediately. “We take this matter very seriously and cannot ignore its implications. “Consequently, we will begin removing all content featuring Mr McGregor from our storefronts starting today.” Mr McGregor had faced an accusation that he “brutally raped and battered” Ms Hand at a hotel in south Dublin in December 2018. The Irish sports star previously told the court he had consensual sex with Ms Hand in a penthouse at the Beacon Hotel. Ms Hand was taken in an ambulance to the Rotunda Hospital the following day where she was assessed in the sexual assault treatment unit. A paramedic who examined Ms Hand the day after the assault had told the court she had not seen “someone so bruised” in a long time.
President of Ireland leads tributes to former government minister Gemma HusseyThe Oklahoma City Thunder head coach had high praise for Ime Udoka. The NBA Cup, as a product, seems much better than the inaugural In-Season Tournament from a year ago. The teams that qualified are now headed to Las Vegas for a few games to determine an NBA Cup champion. In the Western Conference, the Oklahoma City Thunder and Houston Rockets are set to square off as they defeated the Dallas Mavericks and Golden State Warriors to advance to Vegas. They are both defense-oriented squads who can certainly provide an elite matchup. Right now, the Thunder are the top seed in the conference and are taking on the No. 2-seeded Rockets for a chance to play in the title. Ahead of the game, Oklahoma City head coach Mark Daigneault was highly complimentary of what Ime Udoka is building in Houston . Daigneault shares high praise for the Rockets and Udoka The Thunder have such a uniquely built squad, and it’s by design. General manager Sam Presti has been intentional in building a versatile roster with high-level defenders who can play all over the floor, as well as play off the dribble on the offensive side of the ball. They’ve got an identity, and that’s exactly what the Rockets are building. Daigneault, ahead of the matchup, acknowledged what Udoka and the Rockets are building in Houston and what sort of identity they have — which is crucial for a winning culture. “[Rockets] Coach [Ime] Udoka has established a culture of toughness there that is very potent and very obvious,” Daigneault said. “He’s done a great job. The athleticism of that team. They have electric athletes at multiple spots in size.” Bringing in the right players is one part, but pulling that potential together on the floor for the on-court product is just as important, and Udoka has shined at doing that as the Rockets are 17-8 on the season. “Obviously, [Amen] Thompson is the one who pops there but Eason is a very scrappy player,” Daigneault continued . “Jabari Smith has great positional size as well as [Dillon] Brooks and [Fred] VanVleet. Those guys are tough, veteran defensive-minded players.” Kendrick Perkins predicts who will win between the two teams With a tournament championship appearance on the line, the Thunder and Rockets should bring a high level of intensity. With the matchup on the horizon, former NBA champion and current ESPN analyst Kendrick Perkins made quite a bold prediction on the matchup on an episode of “NBA Today.” “OKC is going to smoke Houston,” Perkins said. “I love the Rockets, but [Oklahoma City] is too good defensively.” The Rockets are a good defense, too, but the Thunder have one of the best offensive attacks in the league on top of their elite defense . The Rockets are two-and-a-half games behind the Thunder in the Western Conference standings, too. This game has stakes beyond the tournament, though the incentive to win the game being monetary helps, too. This article first appeared on NBA Analysis Network and was syndicated with permission.
By Anna Helhoski, NerdWallet The battle to get here was certainly an uphill one, but people are generally feeling better about the economy and their finances than they once did. On top of that, the economy has been easing into an ideal, Goldilocks-like position — not running too hot or cooling too quickly. Throughout 2024, consumer sentiment data showed people were fairly positive about the economy and their own finances, even if there’s remaining frustration over elevated prices compared to four years ago. Looking ahead, households are feeling more optimistic about their personal finances in the next year, as the share of those expecting to be in a better financial situation a year from now hit its highest level since February 2020. Combine positive personal vibes with a strong economic picture and it looks like 2024 wasn’t so bad for consumers, after all. But that doesn’t mean there weren’t bumps in the road or potential roadblocks ahead. To cap off the year, NerdWallet writers reflect on the top trends in personal finance and the economy this year — and what they think might be ahead in 2025. The economy steadily grew Elizabeth Renter, NerdWallet’s economist What happened: In 2024, U.S. consumers have proven resilient following a period of high inflation and ongoing high interest rates. Wage growth has been strong, owing in part to rising productivity. This has driven robust spending throughout the year, which has kept the economy growing at a healthy pace. The labor market has remained steady, though cooler than 2023, and price growth continues to moderate towards the Federal Reserve’s 2% inflation goal. What’s ahead: Barring significant changes to economic policy and significant shocks, the U.S. economy is expected to grow at a moderate rate in the coming year. Inflation will continue to moderate and the labor market will remain relatively healthy, all due in part to continued slow and deliberate rate cuts from the Fed. However, there are risks to this path. Higher tariffs and tighter immigration policies are likely, but the extent of these changes are yet unclear. The potential policy scenarios are many, and the economic outcomes complex. Increased tariffs are generally inflationary, and stricter immigration policies could impact the labor supply and economic growth. Consumers and small business owners with their eyes to the new year should focus on the things within their control. Savings accounts offered high rates and returns Margarette Burnette, consumer banking and savings writer What happened: High-yield savings accounts and certificates of deposit offered elevated rates in 2024, rewarding savers with strong returns. Following the Federal Reserve rate cuts in the second half of the year, high-yield accounts had modest rate decreases, but they continued to outperform traditional savings accounts and CDs. What’s ahead: We’re watching for further Federal Reserve rate cuts, which could lead to more decreases in savings rates. Credit card debt hit a high Sara Rathner, credit cards writer What happened: Credit card debt levels hit record highs, with consumers turning to credit cards to pay for necessities. While the economy is doing well, many individuals have struggled to make ends meet, as incomes haven’t kept up with certain costs. What’s ahead: We may see some policy and regulation changes with the incoming administration that could affect folks when it comes to credit cards, debt and consumer protections. Small business boomed Ryan Brady, small business writer What happened : New businesses continued to blossom in 2024 as business applications remained well above pre-pandemic levels. Confidence in the future state of the U.S. economy also spiked after the presidential election, but that optimism was tempered by concerns over rising costs and labor quality. What’s ahead: All eyes are on the incoming administration as small-business owners brace for turbulence resulting from potential tariffs, tax policy changes and dismantled government regulations. We’re also watching the possibility of interest rate cuts in 2025 and small-business owners’ growing reliance on new technologies, such as AI. Home buying remained challenging Holden Lewis, mortgages writer What happened: Home buyers struggled with elevated mortgage rates, rising house prices and a shortage of homes for sale. On top of that, a new rule required buyers to negotiate their agents’ commissions. What’s ahead: The Federal Reserve is expected to cut short-term interest rates, but mortgage rates might not necessarily fall by a similar amount. Buyers will probably have more properties to choose from, and the greater supply should keep prices from rising a lot. Interest rates on home equity loans and lines of credit should fall, making it less expensive to borrow to fix up homes — either to sell, or to make the home more comfortable and efficient. The markets were a boon for investors Sam Taube, investing writer What happened: The stock market had a great year. The S&P 500 is up more than 25% due to falling interest rates, fading recession fears, AI hype, and the possibility of lighter taxes and regulations under the new administration. Cryptocurrency also saw big gains in 2024; the price of Bitcoin crossed the $100,000 mark for the first time in December. What’s ahead: A lot depends on how fast the Fed reduces rates in 2025. Another key unknown is Trump’s second term. Regulatory rollbacks, such as those he has proposed for the banking industry, could juice stock prices — but they also could create systemic risks in the economy. His proposed tariffs could also hurt economic growth (and therefore stock prices). Finally, it remains to be seen whether trendy AI stocks, such as NVIDIA, can continue their momentum into next year. It’s the same story with crypto: How long will this bull market last? Premiums went up for home and auto insurance Caitlin Constantine, assistant assigning editor, insurance What happened: Many people saw their home and auto insurance premiums skyrocket in 2024. In some states, homeowners are finding it harder to even find policies in the first place. Meanwhile, life insurance rates have started to decrease post-pandemic. We also saw more insurers offering online-only policies that don’t require a medical exam. What’s ahead: Auto and home insurance costs will likely continue to rise, although auto premiums may not rise as dramatically as they have over the past few years. And if you’re in the market for life insurance, expect to see competitive life insurance quotes and more customizable policies. Lawsuits and uncertainty over student loan relief continued Eliza Haverstock, student loans writer What happened: Borrowers received historic student loan relief, but lawsuits derailed an income-driven repayment plan used by 8 million whose payments are indefinitely paused. Uncertainty will carry into 2025 as a result of the presidential administration change. What’s ahead: Trump has pledged to overhaul higher education and rein in student loan relief. The fate of the SAVE repayment plan, student loan forgiveness options, FAFSA processing and more remain in the balance. Traveling in style was all the rage Meghan Coyle, assistant assigning editor, travel What happened: People are willing to pay more for big and small luxuries while traveling, and airlines and hotels are taking note. Many airlines raised checked bag fees early in 2024, credit card issuers and airlines invested in renovated airport lounges, and major hotel companies continued to add luxury properties and brands to their loyalty programs. What’s ahead: Southwest will say goodbye to its open seating policy and introduce new extra-legroom seats, a major departure for the airline. Alaska Airlines and Hawaiian Airlines will unveil a unified loyalty program in 2025. Spirit Airlines may attempt to merge with another airline again after its 2024 bankruptcy filing and two failed mergers under President Biden’s administration. Travelers will find that they’ll have to pay a premium to enjoy most of the upgrades airlines and hotels are making. Dynamic pricing expanded its reach Laura McMullen, assistant assigning editor, personal finance What happened: This year, dynamic pricing expanded beyond concerts and travel to online retailers and even fast-food restaurants. This practice of prices changing based on real-time supply and demand received plenty of backlash from consumers and prompted the Federal Trade Commission to investigate how companies use consumers’ data to set prices. What’s ahead: Beyond an expansion of dynamic pricing — perhaps with added oversight — expect subscription models to become more prevalent and demand for sustainable products to grow. The car market came back for buyers Shannon Bradley, autos writer What happened: New-car prices held steady in 2024 but remained high after a few years of sharp increases — the average new car now sells for about $48,000, and for the first time ever the price gap between new and used cars surpassed $20,000 (average used-car prices are now slightly more than $25,000). Overall, the car market returned to being in the buyer’s favor, as new-car inventories reached pre-pandemic levels, manufacturer incentives began making a comeback and auto loan interest rates started to decline. What’s ahead: The future of the car market is uncertain and depends on policies implemented by the incoming administration. Questions surround the impact of possible tariffs on car prices, whether auto loan rates will continue to drop, and if federal tax credits will still be available for electric vehicle buyers. Buy now, pay later grew in popularity Jackie Veling, personal loans writer What happened: Buy now, pay later continued to be a popular payment choice for U.S. shoppers, even while facing headwinds, like an interpretive ruling from the CFPB (which determined BNPL should be regulated the same as credit cards) and Apple’s discontinuation of its popular Apple Pay Later product. Large players like Affirm, Klarna and Afterpay continued to offer interest-free, pay-in-four plans at most major retailers, along with long-term plans for larger purchases. What’s ahead: Though more regulation had been widely anticipated in 2025, the change in administration suggests the CFPB will play a less active role in regulating BNPL products. For this reason, and its continued strength in the market, BNPL will likely keep growing. Inflation eased, finally Taryn Phaneuf, news writer What happened: Easing inflation was a bright spot in 2024. In June, the consumer price index fell below 3% for the first time in three years. Consumers saw prices level off or decline for many goods, including for groceries, gas and new and used vehicles. But prices haven’t fallen far enough or broadly enough to relieve the pinch many households feel. What’s ahead: The new and higher tariffs proposed by the Trump administration could reignite inflation on a wide range of goods. Rents were still high, but price growth slowed Taryn Phaneuf, news writer What happened: Rent prices remain high, but annual rent inflation slowed significantly compared to recent years, staying around 3.5% for much of 2024, according to Zillow, a real estate website that tracks rents. A wave of newly constructed rental units on the market seems to be helping ease competition among renters and forcing landlords to offer better incentives for signing a lease. What’s ahead: If it continues, a softening rental market could work in renters’ favor. But construction is one of several industries that could see a shortage of workers if the Trump administration follows through on its promise to deport undocumented immigrants. A shortage of workers would mean fewer houses and apartments could be built. Trump won the election, promised tariffs and deportations Anna Helhoski, news writer What happened: After a contentious presidential campaign, former President Donald Trump declared victory over Vice President Kamala Harris. While on the campaign trail, Trump promised to lower inflation, cut taxes, enact tariffs, weaken the power of the Federal Reserve, deport undocumented immigrants and more. Many economists have said Trump’s proposals, if enacted, would likely be inflationary. In Congress, Republicans earned enough seats to control both houses. What’s ahead: It’s unclear which campaign promises Trump will fulfill on his own and with the support of the new Congress. He has promised a slew of “day one” actions that could lead to higher prices, including across-the-board tariffs and mass deportations. Most recently, Trump pledged to enact 20% tariffs on Canada and Mexico, as well as an additional 10% tariff on China. He has also promised to extend or make permanent the 2017 Tax Cuts and Jobs Act; many of its provisions expire by the end of 2025. Congress squabbled while consumer-first, antitrust efforts won Anna Helhoski, news writer What happened: Fiscal year 2023-2024’s funding saga finally came to an end in March, then six months later, the battle to fund the fiscal year 2024-2025 began. The Biden Administration waged its own war against junk fees . Antitrust enforcers pushed back against tech giants like Amazon, Apple, Google, and Meta; prevented the Kroger-Albertsons merger; nixed the Jet Blue-Spirit Airlines merger; and moved to ban noncompete agreements. The Supreme Court rejected a challenge to the constitutionality of the Consumer Financial Protection Bureau, as well as a challenge to abortion pill access. SCOTUS also overruled its landmark Chevron case, which means every federal regulatory agency’s power to set and enforce its own rules are now weaker. What’s ahead: The election’s red sweep means the GOP will control the executive and legislative branches of government. They’ll face the threat of at least one more potential government shutdown; a debt ceiling drama comeback; and the beginning of the debate over extending or making permanent provisions of the expiring 2017 Tax Cuts and Jobs Act. More From NerdWallet Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article What Trended in Personal Finance in 2024? originally appeared on NerdWallet .The year in money: inflation eased, optimism ticked upward
NEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global metalworking fluids market size is estimated to grow by USD 2.08 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 3.2% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered End-user (Construction, Automobile, Aerospace, Electrical and power, and Others), Product (Mineral, Synthetic, and Bio-based), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) Key Companies Covered Abitec, AMILE Industries Pvt. Ltd, Apar Industries Ltd., Arabian Petroleum Ltd., BASF SE, Benz oil Inc., Callington Haven Pty Ltd, Carborundum Universal Ltd., Chevron Corp., Exxon Mobil Corp., FUCHS SE, Gandhar Oil Refinery India Ltd., GP Global, Grauer and Weil India Ltd., Illinois Tool Works Inc., Lonza Group Ltd., Master Fluid Solutions, Saudi Arabian Oil Co., Sun Chem Pvt Ltd., and Victory Polychem Pvt. Ltd, Quaker Houghton, BP p.l.c., TotalEnergies SE, FUCHS, Idemitsu Kosan Co., Ltd., Chem Arrow Corporation, LUKOIL, China Petroleum & Chemical Corporation (SINOPEC), Valvoline Inc., Houghton International, Blaser Swisslube AG, Kuwait Petroleum Corporation. Regions Covered APAC, North America, Europe, Middle East and Africa, and South America Region Outlook 1. APAC - APAC is estimated to contribute 39%. To the growth of the global market. The Metalworking Fluids Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The APAC metalworking fluids market is experiencing consistent growth due to the expansion of the manufacturing and industrial sectors in countries like China , India , Japan , and South Korea . These regions, known for their automotive, aerospace, and machinery industries, are key contributors to the market. Manufacturers are focusing on enhancing machining efficiency and extending tool life, leading to increased demand for high-performance metalworking fluids. In response to environmental regulations, water-based fluids are becoming increasingly popular. However, synthetic fluids continue to gain traction for specialized applications. Major players in the APAC market include Exxon Mobil, Chevron, and FUCHS, offering a range of cutting fluids, lubricants, and corrosion inhibitors. For more insights on APAC's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The global metalworking fluids market is primarily driven by the construction industry, which utilizes these fluids for various applications such as machining, cutting, and shaping metal components. In construction, cutting and grinding fluids are essential for metal fabrication in steel beam cutting, concrete surface grinding, and metal component shaping. Hydraulic fluids are crucial for heavy machinery like excavators and bulldozers, ensuring efficient operation and preventing metal component wear and tear. Notably, India's urbanization trend predicts that urban areas will house 40% of India's population and generate 75% of the country's GDP by 2030. This expansion of infrastructure projects, including bridges, buildings, and roadways, significantly increases the demand for metalworking fluids, making construction a significant end-user in the market's growth during the forecast period. Research Analysis The Metalworking Fluids market encompasses a wide range of fluids used in the manufacturing sector for machining and metalworking processes. These fluids, derived primarily from crude oil, include base oils, motor oils, and lubricants. They are essential for heavy industry machinery in various industries such as manufacturing, construction, transportation, and more. In the industrial lubricant market, metalworking fluids play a crucial role in primary ferrous and non-ferrous manufacturing processes. The aviation and marine industries also heavily rely on these fluids for their machinery. Factors driving the demand for metalworking fluids include population growth, increasing consumerism, product visibility, and the need for efficient manufacturing processes. Connectivity and infrastructure development further boost demand, while trade relations and the availability of roads are critical considerations for the market's growth. Market Overview Metalworking fluids, also known as MWFs, are essential liquids used in various industries for metalworking processes such as machining, forming, and forging. These fluids play a crucial role in reducing heat, preventing corrosion, and improving tool efficiency. The market for metalworking fluids is vast and diverse, spanning across sectors like agriculture, construction, automotive, aviation, and heavy industry machinery. In the agricultural sector, metalworking fluids are used in the manufacturing of agricultural equipment, ensuring high-yield production and efficient machinery operation. In the automotive industries, these fluids are employed in the production of automobile parts, ensuring smooth manufacturing processes and high-quality end products. The aviation industry relies on metalworking fluids for the production of aircraft and aircraft parts, ensuring the production of lightweight, durable, and safe components. In the construction sector, metalworking fluids are used in the manufacturing of heavy machinery and equipment, enabling the construction of infrastructure projects and large construction vehicles. The demand for metalworking fluids is driven by consumerism, population growth, and the need for increased process productivity. However, environmental issues and health concerns have led to the development of eco-friendly and non-toxic metalworking fluids. The market for metalworking fluids is expected to grow significantly in the coming years due to the increasing demand for transportation equipment, infrastructure development, and the need for improved workpiece quality and surface finish. Metalworking fluids are used in various industries, including drilling, forging, grinding, forming, and metal fabrication. They are also used in the production of base oils, gear oils, and motor oils. The chemical composition of metalworking fluids varies, depending on the specific application and the type of metal being worked. Metalworking fluids are used in various industries, including the manufacturing of iron structures, non-ferrous metals, and primary ferrous and non-ferrous metals. They are also used in the production of marine and railroad equipment, as well as in the automotive, aviation, and heavy machinery manufacturing industries. The use of metalworking fluids is essential for the production of high-performance metalworking fluids, which are used in the manufacturing of complex components and integrated circuits. These fluids help to improve tool efficiency, reduce tool wear, and ensure high-quality workpiece surfaces. However, the production and disposal of metalworking fluids can pose environmental and health concerns. Proper disposal of hazardous waste is crucial to minimize the impact on the environment and worker health. In conclusion, the metalworking fluids market is a dynamic and diverse industry that plays a crucial role in various sectors, including agriculture, construction, automotive, aviation, and heavy industry machinery manufacturing. The demand for metalworking fluids is driven by consumerism, population growth, and the need for increased process productivity. However, environmental and health concerns have led to the development of eco-friendly and non-toxic metalworking fluids, ensuring sustainable and safe production processes. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/metalworking-fluids-market-39-of-growth-to-originate-from-apac-technavio-302331312.html SOURCE Technavio
Israel and Lebanon's Hezbollah agree to a ceasefire to end nearly 14 months of fighting
