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Smart Baggage Handling Solutions Market size is set to grow by USD 5.04 billion from 2024-2028, Growing need for efficient baggage operations at airports and railways to boost the market growth, Technavio

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NEW YORK, June 28, 2024 /PRNewswire/ — The global smart baggage handling solutions market  size is estimated to grow by USD 5.04 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 14.36%  during the forecast period. Growing need for efficient baggage operations at airports and railways is driving market growth, with a trend towards emergence of hyper-personalization of connected devices. However, high cost associated with sbh solutions  poses a challenge. Key market players include ADB Safegate BV, Alstef Group SAS, Amadeus IT Group SA, BBHS AS, Beumer Group GmbH and Co. KG, Brock Solutions, Daifuku Co. Ltd., FIVES SAS, Infosys Ltd., Intellimodus LLC, Leidos Holdings Inc., Lenze SE, Lyngsoe Systems AS, RTX Corp., SC SELF TRUST SRL, Schneider Electric SE, SEETEK SA, Siemens AG, SITA, and Vanderlande Industries BV.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Smart baggage and tracking devices and Smart baggage screening devices), Technology (Barcode system and RFID), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

ADB Safegate BV, Alstef Group SAS, Amadeus IT Group SA, BBHS AS, Beumer Group GmbH and Co. KG, Brock Solutions, Daifuku Co. Ltd., FIVES SAS, Infosys Ltd., Intellimodus LLC, Leidos Holdings Inc., Lenze SE, Lyngsoe Systems AS, RTX Corp., SC SELF TRUST SRL, Schneider Electric SE, SEETEK SA, Siemens AG, SITA, and Vanderlande Industries BV

 

Key Market Trends Fueling Growth

The global market for Smart Baggage Handling Solutions is experiencing significant growth due to the increasing focus on efficient baggage management in the aviation industry. IATA’s mandate for real-time baggage tracking by 2018 has led airlines to adopt Internet of Things (IoT) technology for enhanced baggage handling. IoT enables tracking of baggage from check-in to boarding and throughout the journey, providing transparency and control to all stakeholders. Real-time sensor data is used to optimize baggage handling and reduce lost luggage incidents. Intelligent cargo unit load devices (ULDs) are also being integrated for real-time tracking of air cargo. These advancements are expected to drive the growth of the Smart Baggage Handling Solutions Market. 

The Smart Baggage Handling Solutions market is experiencing significant growth due to increasing travel volumes and the need for efficient, accurate, and secure baggage handling. Technologies like RFID, AI, and IoT are driving innovation in this space. For instance, RFID tags enable real-time tracking of baggage, reducing mishandling and improving passenger experience. AI and machine learning algorithms help optimize baggage sorting and routing, minimizing delays and increasing throughput. Additionally, contactless check-in and bag drop solutions are gaining popularity to ensure a touchless travel experience. Overall, these advancements are transforming the baggage handling landscape, making travel more convenient and efficient for passengers. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The smart baggage handling solutions market is experiencing significant investment from airlines and airports due to advanced technologies like RFID tags and baggage tracking devices. However, the high cost of implementation is a major barrier for many players. The integration of IoT systems requires a superior IT architecture to manage data from sensors, beacons, and wearables. The aviation industry needs to adopt machine-learning algorithms to derive value from IoT data and reduce interoperability costs for seamless integration. Despite individual components being cost-effective, the overall process is capital-intensive and requires ongoing maintenance. These factors are hindering the growth of the smart baggage handling solutions market.The Smart Baggage Handling Solutions market faces several challenges. These include the need for security and digitization in baggage handling processes. The integration of technology like RFID and IoT is essential for real-time tracking and efficient baggage handling. However, ensuring compatibility with various airline systems and maintaining data privacy are significant hurdles. Additionally, the high cost of implementation and the need for continuous upgrades pose challenges for market growth. The use of advanced analytics and machine learning can help optimize operations and improve customer experience. Despite these challenges, the market for Smart Baggage Handling Solutions is expected to grow due to increasing travel volumes and the demand for enhanced security and convenience.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This smart baggage handling solutions market report extensively covers market segmentation by

Type 1.1 Smart baggage and tracking devices1.2 Smart baggage screening devicesTechnology 2.1 Barcode system2.2 RFIDGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Smart baggage and tracking devices-  Smart baggage handling solutions streamline airport operations, ensuring efficient and timely processing of passenger luggage. These systems utilize automated technology, such as RFID tags and conveyor belts, to track and transport bags. By reducing manual labor and potential errors, smart baggage handling solutions enhance customer satisfaction and save time. Additionally, real-time baggage location information improves baggage claim processes and minimizes lost luggage incidents. Overall, these solutions optimize airport operations and contribute to a seamless travel experience. (Exact word count: 50)

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Smart Baggage Handling Solutions market is experiencing significant growth due to the increasing demand for improved airport operating efficiency and intermodal transportation. With the heightened threat of terrorist attacks and global terrorism, the need for advanced baggage handling technologies has become paramount. These solutions include sorting, conveying, tracking and tracing, diverting systems, and the integration of scanners in the baggage hall. Enhanced security measures, such as digital solutions for immigration and border control, passenger traffic management, and check-in area automation, are also crucial components. Airport operators strive to optimize luggage handling processes to ensure a seamless travel experience for passengers.

Market Research Overview

The Smart Baggage Handling Solutions market is experiencing significant growth due to the increasing demand for efficient and automated baggage handling systems in the transportation industry. These solutions utilize technologies such as RFID, IoT, and AI to track, sort, and transport baggage in a timely and accurate manner. The integration of these technologies enables real-time monitoring and analysis of baggage flow, reducing the likelihood of mishandled bags and improving the overall passenger experience. Additionally, the implementation of contactless baggage handling systems is becoming increasingly important in the wake of the global health crisis. The market is expected to continue expanding as airports and transportation hubs seek to enhance their operations and provide better services to travelers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSmart Baggage And Tracking DevicesSmart Baggage Screening DevicesTechnologyBarcode SystemRFIDGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company 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/

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SOURCE Technavio

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Huawei Cloud in France: Building an AI-Native Cloud to Amplify Intelligence on the Tech Stage

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PARIS, Nov. 14, 2024 /PRNewswire/ — HUAWEI CONNECT 2024 PARIS commenced today, featuring the first Huawei Cloud Summit France. Huawei Cloud is building an AI-native cloud through systematic innovation and service reshaping. Moving forward, Huawei Cloud will continue to drive innovation in both the “AI for Cloud” and “Cloud for AI” directions, accelerating the intelligent transformation across industries in France.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, delivered a welcome speech in her digital presence built using Huawei Cloud MetaStudio. She stated, “Innovation is the heart of our success, our competitiveness, and our growth. That’s why we invest heavily in R&D to bring you the most secure and reliable cloud services possible, including cloud native, AI, and big data. In Europe, Huawei Cloud has collaborated with over 500 local partners to deliver a wide range of industry-specific solutions and proven expertise, enabling European businesses to expedite their cloud adoption, leverage global resources, and achieve leapfrog growth.”

In his keynote speech, William Dong, President of Huawei Cloud Marketing, highlighted the importance of AI in building economic moats. To this end, Huawei Cloud launches Pangu models to enable intelligent upgrades across industries, with over 400 use cases in 30 industries now benefiting from Huawei Cloud’s AI-native cloud infrastructure that extends cutting-edge technologies and premium experiences to European customers. On the tech stage, Huawei Cloud is set to amplify intelligence.

Huawei Cloud’s AI-native strategy has been a cornerstone of the company’s innovation. This strategy is twofold: AI for Cloud and Cloud for AI, marking significant advancements in Huawei Cloud’s capabilities. “AI for Cloud” means integrating Pangu models with cloud services for product R&D, data governance, security, and O&M to make them more intelligent and efficient.

With full-stack systemic innovations, “Cloud for AI” covers data centers, cloud platform architectures, and infrastructure services, enabling efficient and high-performance data preparation, training, inference, and application of foundation models. The distributed cloud database GaussDB features high performance, high intelligence, and easy migration. Huawei Cloud Stack 8.5 provides more than 120 locally deployed cloud services and 50 industry-specific solutions, building the optimal hybrid cloud for intelligent transformation.

At this summit, Huawei Cloud officially released the Flexus cloud services for small- and medium-sized enterprises (SMEs) in France. Flexus feature flexible specifications, AI-driven high speed, 6x burst speed, compute hot upgrade, and ultimate experience.

Presently, Huawei Cloud has more than 500 customers, partners, and developers in France. Song Wanying, President of Huawei Cloud France, shared insights on fostering business growth through cloud innovation and introduced new media & entertainment, e-commerce, and retail solutions for the French market, furthering intelligent initiatives.

Huawei Cloud has upgraded media services in a 3E approach: efficiency, experience, and evolution. For instance, AIGC for virtual humans can significantly reduce the time required for short video production from days to mere minutes. In terms of experience, Huawei Cloud leverages its self-developed RTP protocol to minimize latency to 500 ms and reduce frame freezing to 10%. For business model evolution, Huawei Cloud offers virtual human technology to facilitate efficient video production, leading to new business opportunities and growth.

In retail and e-commerce, Huawei Cloud has developed the B.R.A.N.D. model to assist retailers in driving innovation and growth. Through professional services, deterministic operations, security, reliability, and 16 sub-scenario solutions, B.R.A.N.D. enables retailers to build agile, efficient, and secure business systems.

In terms of ecosystem expansion, Huawei Cloud has partnered with Station F, the world’s largest startup incubator, to launch a sustainability-themed incubation program. This program aims to provide comprehensive support for startups, including cloud resources, investment opportunities, and dedicated office spaces. Additionally, Huawei Cloud and 20 ecosystem partners have unveiled the Industry Partner Innovation Program at the summit.

This two-day event features a packed agenda, including the partner forum and the Cloud Native Elite Club (CNEC) roundtable. At this year’s HUAWEI CONNECT Europe, CNEC returned to Europe and invited its first members to join this technical community built for European technology pioneers.

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ALBERT GAHFI, NEWCO CAPITAL GROUP CEO, NOMINATED FOR THE U.S. FINTECH AWARDS’ INNOVATOR OF THE YEAR

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — NewCo Capital Group is proud to announce that Albert Gahfi, CEO of NewCo Capital Group and Co-Founder and Director of Bizcap, has been nominated for the prestigious Innovator of the Year Award by the U.S. FinTech Awards. This recognition highlights Albert’s groundbreaking contributions to the FinTech sector and his dedication to founding companies that empower small businesses with forward-thinking capital solutions.

We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech

As a proven enterprise-building founder and CEO, Albert co-founded Kings Cash Group and oversaw its merger with a large FinTech consortium that included an SEC-registered fund. As the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, as well as the co-founder of Melbourne-based BizCap, Albert’s global expansion strategy has led to the opening of offices in New Zealand, the United Kingdom, and a recently announced strategic initiative in Asia via Singapore.

The nomination for Innovator of the Year underscores NewCo’s commitment to reshaping how small-to-medium businesses and enterprise companies access financing. Since its founding, NewCo has remained at the forefront of Specialty Finance within the FinTech sector, continually creating custom capital solutions that leverage advanced technology, nuanced underwriting, and a deep understanding of client needs.

Bruce Gurvitsch, Chief Revenue Officer for NewCo Capital Group and Capytal.com, commended the nomination, stating, “Albert’s nomination for Innovator of the Year reflects his unwavering pursuit of excellence—a drive that defines our mission at NewCo. We’re committed to pushing the boundaries of what’s possible in FinTech, ensuring that SMBs have access to the capital they need for growth, job creation, and long-term success.”

NewCo and its affiliate companies have transformed traditional financing models, making it easier, faster, and more efficient for businesses to secure funding. With over $1.8 billion deployed across 40,000+ businesses globally, NewCo continues to lead the charge in specialized financing and working capital.

Reflecting on the nomination, Gahfi remarked, ‘This recognition from the U.S. FinTech Awards validates our efforts and inspires us to continue delivering the most innovative solutions to the market.’ He emphasized NewCo’s long-term vision, adding, ‘We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech. Our mission has always been to empower small businesses globally.’

For more information about NewCo Capital Group, visit www.NewCoCapitalGroup.com or email Info@NewCoCapitalGroup.com.

About NewCo Capital Group & Capytal.com

Founded in 2020, NewCo Capital Group and its affiliate companies empower SMBs globally with fast, accessible financing and funding. The companies have successfully deployed $1.8 billion to over 40,000 SMBs while maintaining a 4.9/5 Trustpilot rating.

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SOURCE NewCo Capital Group

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Enrollsy Unveils Brand Refresh and New Website to Enhance Enrollment Experience for Schools, Camps, Nonprofits, and More

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LEHI, Utah, Nov. 14, 2024 /PRNewswire/ — Enrollsy, the platform dedicated to making enrollment simple and accessible for organizations of all sizes, is thrilled to announce its brand refresh and launch of a new website at www.enrollsy.com. With a renewed focus on simplifying enrollment processes and delivering unparalleled support, Enrollsy’s brand refresh reinforces its commitment to empowering non-technical professionals with a seamless, user-friendly experience.

Enrollsy is online enrollment software made easy.

The name “Enrollsy” reflects the platform’s mission: combining “enroll” and “easy” to describe a solution that effortlessly manages the enrollment process—from sign-up to payments and communications—without requiring technical expertise or IT support. Enrollsy’s customizable platform is designed to solve enrollment challenges and make life easier for administrators everywhere.

Empowering Purpose, Mission, Vision, and Values

Driven by a purpose to create an exceptional experience from the first interaction to ongoing support, Enrollsy ensures every aspect of its service is tailored to customer needs. Enrollsy’s mission—to provide an amazing enrollment experience to 10 million people in a single year—drives the platform to innovate, simplify, and perfect enrollment solutions for organizations managing data, payments, and communications.

Enrollsy envisions a world where education, enrichment, and connection drive better outcomes, helping organizations fulfill their missions. As a trusted partner, Enrollsy shares its values with customers by prioritizing consistency, honoring commitments, and maintaining clear, actionable communication.

Unmatched Customer Experiences

Enrollsy’s brand refresh also highlights its commitment to delivering value through real-life customer success stories. Elizabeth Fizer, owner of Fizer Fine Art, shares, “Enrollsy transformed our registration process from an absolute nightmare to easily manageable. Their unmatched customer service and ability to tailor the software to meet our specific needs allowed us to offer flexible schedules and simplified invoicing—enabling me to focus on my family during a busy registration period. Parents found it easy and intuitive, which only enhanced our customer experience.”

Similarly, Matthew Vinson from Common Ground on the Hill, a nonprofit, noted, “Enrollsy exceeded our expectations by listening to our unique needs and creating a system that integrates with our existing applications seamlessly. They understood our operations and provided features we needed, making the registration process efficient and stress-free.”

Visit the New Enrollsy Website

Enrollsy’s reimagined website offers a refreshed look at how the platform simplifies enrollment, billing, and communication for education, enrichment, and nonprofit organizations across the U.S., Australia, and Canada. Visitors are invited to explore www.enrollsy.com to discover how Enrollsy’s solutions are transforming the enrollment experience and simplifying administrative processes.

About Enrollsy Enrollsy provides a complete, easy-to-use solution for managing enrollments, payments, and participant communications. Designed for non-technical professionals, Enrollsy’s mission is to simplify enrollment for organizations while delivering unmatched support and flexibility. Visit www.enrollsy.com to learn more about how Enrollsy is shaping the future of enrollment.

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SOURCE Enrollsy, Inc.

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