Photo And Video App Market Growth Information Analysis Report by 2028

The global photo and video app market size is expected to reach USD 33.81 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 11.1% from 2021 to 2028. The market growth is attributed to the rising demand for jam-packed photo editing apps from the consumers of India. Rapidly growing demand for auto-fix videos and perspective correction video apps in China is set to drive the market in the years to come.

Rising demand for professional watermark-enabled apps is bolstering the market growth. Moreover, soaring demand for AI-based speech bubble makers is aiding the market growth. At present, key players are focusing to provide web wireframe editing tools across the globe. Growing demand for photo vignette digital apps is propelling the market growth.

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Key players are focusing to provide resizing features for photo and video apps. The key players are offering photo functions such as the conversion of images to JPEG, PNG, and WEBP formats. Multiple companies are providing the background remover feature with AI-based support. Correction patch, cloning stamp, cutter, and film grain module are the prime features of the photo and video app, which reflects the positive growth during the assessment period.

The Apple iOS Store segment will witness the highest growth over the forecast period. This can be credited to the growing demand for remote trigger video apps from consumers in the U.S. and the U.K. Additional security concerns and seamless HFR video recording features are refueling the market growth. Multitasking features, protimer, and 3D Tiltmeter are reflecting significant market growth during the forecast period.   

Asia Pacific captured the largest revenue share of over 45.0% in 2020 due to the rising demand for X-Skew video maker apps from consumers in China and India. The growing trend in India to adopt digital apps with the feature of object transformation and image retouching feature is fueling the regional market growth. The market in China is driven by the rising demand for pre-made filter photo and video apps.

Photo & Video App Market Report Highlights

• Asia Pacific held the largest revenue share of over 45.0% in 2020. This can be credited to the rising demand for graphics apps from the key players in China and India to provide one-click video editing solutions

• Based on marketplace, the Google play store segment held the largest share of over 60.0% in 2020. This can be credited to the rising demand for Google photo assistant features for the photo and video app from consumers in China and the U.S.

• The Apple iOS Store marketplace segment is projected to register the highest CAGR of 14.7% from 2021 to 2028. This can be attributed to the growing demand for anti-piracy enabled editing tools from consumers of developed economies such as the U.S. and Germany

• North America is projected to register the fastest CAGR of 14.1% from 2021 to 2028. Soaring demand for photo enhancement apps in Canada is estimated to escalate the market growth over the forecast period

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Dating Services Market Analysis and Competitive Landscape Report to 2028

The global dating services market size is expected to reach at USD 15.2 billion by 2028. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028. The major growth factors of the market include the growing trend towards online dating applications coupled with the rising young population across the globe. Moreover, the growing popularity of online dating apps further provides significant growth to the market. The Match group operates through various dating services apps such as Tinder, Hinge, and others that contributed significantly to the market. However, the rising number of online frauds across the globe is projected to hamper market growth during the forecast period.

The market practiced a significant increase in the overall revenue of the dating services platforms and apps owing to the rising trend of dating services applications due to Covid-19 restrictions and lockdown. Additionally, under the lockdown conditions imposed in some countries owing to the pandemic, many people prefer dating services platforms in their free time. Bumble Inc., is one of the leading service providers of dating services accounted for a significant increase in paying users to 2.5 million in 2020 as compared to 2.0 million paying users in 2019.

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The matchmaking segment is expected to forecast a significant growth rate of 7.8% from 2021 to 2028. The growth of the market is attributed to the rising trend towards online serious relationships among the young population across the globe. Social networks play a significant role in enhancing the adoption of matchmaking services in the young population. Furthermore, the rising penetration of smartphone users coupled with growing internet availability in emerging economies is projected to provide significant growth opportunities in the near future.

Europe held a significant revenue share of more than 20.0% in 2020. Well-developed countries such as Germany, the U.K., and France are positively contributed to market revenue. The high market share can be credited to the strong presence of the young population and dating services platforms in the region, and the long-existing demand for dating services apps. Along with that, the growing number of startups such as So Syncd, Meet 5, Happn, Relate, Bare, Breeze, and others are providing dating services in the region further projected to offer a significant opportunity to market growth.

Dating Services Market Report Highlights

• Europe accounted for revenue share of more than 20.0% in 2020. The strong and wide presence of the key players and long-standing demand for dating services among the young population are accountable for high market share contribution

• North America dominated the market and accounted for the largest revenue share in 2020

• The matchmaking segment is expected to register a CAGR of 7.8% from 2021 to 2028. A significant rise in the use of dating apps for serious relationships coupled with the significant development of dating services apps drives segment growth.

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Package Holidays Market Leading Players Updates and Industry Analysis Report till 2028

The global package holidays market size is estimated to reach USD 176.4 billion by 2028. The market is expected to expand at a CAGR of 7.4% from 2021 to 2028. The growth of the market is substantially driven by the developments and advancements in the travel and tourism industry. Government initiation to boost the tourism industry across various countries has led to significant increase in the international tourist arrivals over the years and likely to be the scenario over the forecast period. Globalization and digitization across various sectors also affected tourism industry. With the online websites and portals, holiday package booking has become easy and quick, driving the overall market growth.

Moreover, rising preference from senior citizens and families with young kids for package holidays is propelling market growth. Developing economies such as Thailand, India, and China are also enjoining an increase in tourist traction. The outbreak of Covid-19 pandemic had negatively impacted the market, especially the travel and tourism sector. Due to the covid-19 restrictions, aviation industry, transportation, and hotel industry experienced massive setback. Customers preferred to stay home and cancelled registered packages, declining the market revenue. According to the United Nation’s The World Tourism Organization, in 2020, 60%-80% international tourist arrival declined as compared to 2019.

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The dynamic segment is anticipated to witness strong growth, registering a CAGR of 8.3% over the forecast period. Dynamic packages offer more convenient, customized, and unique tour packages as per the customers’ requirements. These characteristics of dynamic packages are contributing the rising popularity and in-turn the growth of the segment. Moreover, companies increasing adoption of new dynamic packaging services by companies is likely to support and drive the segment. For instance, TUI Group, one of the leading companies in the market endeavored into dynamic packaging and is expanding further. After the prototype for dynamic packaging digital platform in Spain, the company is entering in the dynamic packaging market in Poland as reported on December 20th, 2020.

In Asia Pacific, the market is anticipated to witness strong growth in the market, registering a CAGR of 7.9% over the forecast period. Increasing disposable income, increasing consumer spending on travel, and rising population are attributed to the strong growth in the region. Rapid economic growth in China has reflected in the increasing number of outbound tourist, contributing to market growth. Development and improvement of the tourist places to boost tourism industry and government initiations likely to help fuel inbound tourism as well and drive the market. 

Package Holidays Market Report Highlights

• Europe held a significant market share on revenue basis, accounted over 30.0% in 2020. Higher disposable income, higher per capita income, developed tourism industry, along with higher spending on travel and leisure activities are credited for the higher market share.

• Asia Pacific dominated the market and accounted for the largest revenue share in 2020 owing to continuous growth and development in the travel and tourism sector in the region

• The conventional package segment dominated the market in 2020 and accounted for revenue share of 80.0%. Higher preference of consumers and significant players offering pre-defined package holidays are attributed to the higher market share

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Men's Night & Underwear Market Analysis of Industry Size and Economic Growth Report by 2028

The global men’s night and underwear market size is expected to reach USD 42.15 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Million Insights. The rising popularity of night and underwear due to growing consciousness about personal hygiene and health is driving the market growth. Factors such as the growing middle-class population and the rising consumer spending on men’s apparel across the developing and developed economies are further propelling the market growth. Moreover, rising disposable income and urbanization across the globe and the changing consumer lifestyles and preferences are expected to accelerate market growth in the upcoming years.

Manufacturers are investing to produce innovative products and attractive design patterns in the context of fashion, fabric, style, print, and color which in turn is expected to propel the market growth over the forecast period. The positive demographic trends along with changing consumer preferences coupled with fashion trends are expected to accelerate the market growth. The increasing organized retail, which surges availability of the men’s night & underwear apparel coupled with a rise in ready-to-wear (RTW) products are accelerating the market growth.

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The COVID-19 pandemic had suspended the transportation services of men’s night and underwear for a short duration in many countries. Closure of the manufacturing sector, retail shops, and commercial activities, and several restrictions on the movement of the people have disrupted or stopped the supply chain of non-essential products by measures arising from COVID-19 restrictions. Moreover, logistics and external trade of the products is disturbed due to the pandemic affecting the entire value chain in several countries.

The nightwear segment is expected to register the fastest CAGR of 5.7% from 2021 to 2028. The increasing usage of men’s nightwear due to rising fashion trends from developed and developing economies is propelling the growth of the market. Moreover, factors such as the rising consumer expenditure on nightwear and growing retail penetration are propelling the growth of this segment.

The online segment is expected to register the fastest CAGR of 6.0% from 2021 to 2028. Increasing internet and smartphone penetration across the globe is accelerating the growth of this segment. Moreover, an upsurge in product sales through various company-owned websites and e-commerce platforms is expected to propel the growth of the online distribution channel segment during the forecast period.

Asia Pacific made the largest contribution to the global market with a revenue share of over 35% in 2020 due to changing lifestyles, rising urbanization, and growing disposable income of consumers. The evolving fashion trends coupled with the changing consumer preferences in this region are anticipated to propel market growth in the forthcoming years. Furthermore, the presence of a huge customer base in countries like China and India is expected to further fuel the demand for men’s night and underwear products.

Men’s Night & Underwear Market Report Highlights

• Asia Pacific held the largest revenue share of more than 35% in 2020 owing to the changing consumer preferences

• Nightwear is expected to foresee the fastest CAGR of 5.7% from 2021 to 2028 due to the increasing consumer expenditure

• The offline distribution channel segment held the largest revenue share in 2020, contributing to more than 75% of the total revenue due to well-established distribution network across the globe

• North America is expected to witness the fastest CAGR of 5.8% from 2021 to 2028 owing to rising demand for luxury and premium quality night and underwear products

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Robo-Advisors Market Analysis and Competitive Landscape Report to 2028

The global robo-advisors market size is estimated to reach USD 5,401.19 billion by 2028, registering a CAGR of 18.6% over the forecast period, according to a new report by Million Insights. The cost-effective investment advisory and more accessibility is the key driver for the market. In addition, the augmented use of technology by advisors for advice and execution drives the industry growth. However, the lack of investment choice is the major restraint for the market. The COVID-19 pandemic had a positive impact on the market.

The industry had witnessed considerable growth due to the increased adoption of robo advisors for efficient wealth and asset management in a large volatile market during the pandemic. Most of the investors took benefit of investment opportunities that occurred during the pandemic. The competencies of robo advisors to reduce illogical behavior and poor & spontaneous decision-making during a critical time like the COVID-19 pandemic remarkably contributes to the market development.

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The automated online portfolio management services segment accounted for the maximum revenue share in 2020. The automated online portfolio management services help customers with an investment strategy that has the potential to grow. Moreover, these services help the customers reach their goals with a diversified portfolio that stays aligned with their preferred risk tolerance. Thus, its demand is high and contributes more to the market revenue.

Robo-Advisors Market Report Highlights

• Asia Pacific is estimated to grow at the highest CAGR from 2021 to 2028 due to a rise in internet usage along with low-cost investment guidance, as well as growth in digital consulting technologies’ maturity

• North America accounted for the largest market share in 2020. The U.S. majorly contributes to the North America regional market

• The U.S. was the first country to introduce the automated financial advisor and also represent the leading robo-advisory industry in the world

• The rise in the adoption of robot advisory among investors is also acting as a reason for the growing demand for this technology. The highest asset under management in the market was reached in the U.S. in 2020

• The financial advisory services segment is likely to register the highest CAGR from 2021 to 2028

• FinTech companies depend on technology advisory by implementing AI and ML to offer precise and transparent services to retail investors, thereby driving the segment growth

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Conveyor Oven Market Growth Information Analysis Report by 2028

The global conveyor oven market size is expected to reach USD 169.8 million by 2028. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increased need for cooking multiple products in less period will drive the demand for conveyor ovens. Reducing cooking time by 25% and consuming less temperature as compared to conventional ovens will attract a large number of restaurant and bakery chains, resulting in a growing demand for conveyor ovens. A conveyor oven is capable of preparing a large volume of food of a similar type without human intervention and uses belts to move food products through a heated chamber at a constant speed.

Manufacturers are coming up with new product developments with added features, like providing a digital display, which makes it easy to operate and adjust the speed and temperature. Cooking the food products in less time and at lower temperature with the help of air impingement benefits by saving energy and getting baked products in quick time. Manufacturers design the products in such a way that they are energy conservable by recycling the air from the heater to product, easily cleanable and serviceable, and consistent by delivering the product with perfect time.

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The ability to provide perfect timely product with consistency, distributed workflow as raw food loading from one side and unloading from another side, and more cooking capacity in the same carpet area due to stackable and versatility of cooking lot of items at the same time are some of the key factors responsible for increasing the market demand.

The COVID-19 pandemic has brought economic slowdown all over the world. Many countries imposed a strict lockdown all over the states, which brought restrictions on the physical movement of people. All the shops, malls, and restaurants were closed during the period. Like other industries, the food equipment industry also witnessed a slowdown in economic growth during the pandemic period. The market for conveyor ovens was also affected negatively during the pandemic period. It is expected that as things get normalized post-2021, the food industry will also get on track, which will open new growth opportunities for conveyor ovens.

Conveyor Oven Market Report Highlights

• North America accounted for the largest share of over 35.0% in 2020. The U.S.is significantly contributing to the regional market growth owing to the presence of a large number of global players and the rising demand for conveyor ovens from industries

• On the basis of technology, the convection segment held the largest share of over 59.0% in 2020 and is projected to register the fastest CAGR from 2021 to 2028. Convection technology helps to reduce cooking time by 25% at a lower cooking temperature

• Europe is projected to register the fastest CAGR of 4.0% from 2021 to 2028. Increased use of conveyor ovens in restaurants, bakeries, and households will drive the regional market

• By type, the industrial/heavy conveyor ovens segment captured the largest share of over 70.0% in 2020 and is expected to grow at a steady rate from 2021 to 2028. Demand for industrial/heavy conveyor ovens is increasing in the food processing industry due to their capability of cooking a large volume of products at the same time

• Based on power source, electric conveyor ovens held the largest share of more than 55.0% in 2020. Conveyor ovens with electric power supply are the most accessible in the market

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Processed Meat Market Analysis of Industry Size and Economic Growth Report by 2028

The global processed meat market size is expected to reach USD 340.27 billion by 2028, registering a CAGR of 2.8% over the forecast period, according to a new report by Million Insights. The increasing production and consumption of processed meat products in developed and developing economies is accelerating market growth. The continuously evolving eating habits of the consumers are consequently driving innovation within the processed meat industry, which may accelerate the growth of the global market over the forecast period.

Consumers are increasingly demanding ready-to-cook meat products with better quality, and taste which is anticipated to propel the market growth. The rising consumer awareness and acceptance regarding convenience meat products is an important factor in the growth of the market. Moreover, the continuously changing dietary preferences and rising demand for premium quality and value-added meat products from consumers have expected to boost the market growth over the forecast period.

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The lockdown observed during the COVID-19 pandemic caused a slight decline in the market for processed meat due to the suspended supply chain of the products in various countries. Meat and meat product prices declined in 2020 due to the impact of COVID-19, temporarily shortening the demand for meat by some leading consuming and importing countries due to the limitations and closures of the market.

The poultry segment is expected to expand at the fastest CAGR of 3.6% from 2021 to 2028. The increasing demand for processing and treatment of poultry to enhance its tests and extend shelf life is expected to accelerate the growth of the market. Moreover, the rising demand for poultry products from developing countries due to the lower price of poultry processed meat as compared to other meat products is expected to drive the market growth.

The canned segment is anticipated to register the fastest CAGR of 3.1% from 2021 to 2028. The increasing demand for protein-rich and high-quality meat is accelerating the demand for the canned meat across the globe. Additionally, canned meat is gaining popularity among consumers has projected to drive market growth. Furthermore, the increasing demand for meat products, innovative processing technology, packaging, and distribution technology has led to significant market growth over the forecast period.

The online segment is expected to register the fastest CAGR of 3.9% from 2021 to 2028. The internet penetration rate has witnessed lucrative growth in recent years, which is accelerating the market growth of this segment. An upsurge in product sales through various company-owned websites and e-commerce platforms is expected to propel the growth of the online distribution channel segment during the forecast period.

North America made the largest revenue share of over 45% in 2020 due to changing lifestyles and rising urbanization. The increasing consumer awareness and acceptance regarding convenience meat products is an important factor in the growth of the market. In addition, the growing demand for premium quality meat products and protein-rich products have expected to boost the market growth over the forecast period.

Processed Meat Market Report Highlights

• North America held the largest revenue share of more than 45% in 2020 owing to increasing demand for premium quality meat products

• Poultry is expected to foresee the fastest CAGR of 3.6% from 2021 to 2028 due to rich protein sources for human consumption

• Offline distribution channel held the largest revenue share of more than 80% in 2020 due to well-established distribution network across the globe

• The canned form is expected to witness the fastest CAGR of 3.1% from 2021 to 2028 owing to the changing lifestyles and busy work schedules of the consumers

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