Technology
Drowsiness Monitoring System Market to Grow by USD 0.51 Million (2024-2028) as Road Safety Concerns Rise, AI-Redefined Market Landscape Report – Technavio
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NEW YORK, Oct. 30, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global drowsiness monitoring system market size is estimated to grow by USD 0.51 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.4% during the forecast period. Escalating concerns about road safety is driving market growth, with a trend towards increasing emphasis by vendors on launching new products. However, high likelihood of generating false alarms poses a challenge.Key market players include AISIN CORP., Aptiv Plc, Continental Engineering Services, DENSO Corp., Faststream Technologies, Harman International Industries Inc., HELLA GmbH and Co. KGaA, Infineon Technologies AG, Magna International Inc., Mitsubishi Electric Corp., NVIDIA Corp., OMRON Corp., Optalert Australia Pty Ltd, Panasonic Holdings Corp., Robert Bosch GmbH, Seeing Machines Ltd, Smart Eye AB, Tobii AB, Valeo SA, and Visteon Corp..
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Drowsiness Monitoring System Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 10.4%
Market growth 2024-2028
USD 519.07 th
Market structure
Fragmented
YoY growth 2022-2023 (%)
10.2
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 35%
Key countries
US, Germany, China, France, and Japan
Key companies profiled
AISIN CORP., Aptiv Plc, Continental Engineering Services, DENSO Corp., Faststream Technologies, Harman International Industries Inc., HELLA GmbH and Co. KGaA, Infineon Technologies AG, Magna International Inc., Mitsubishi Electric Corp., NVIDIA Corp., OMRON Corp., Optalert Australia Pty Ltd, Panasonic Holdings Corp., Robert Bosch GmbH, Seeing Machines Ltd, Smart Eye AB, Tobii AB, Valeo SA, and Visteon Corp.
Market Driver
The drowsiness monitoring system market is experiencing a notable trend with key vendors introducing advanced products to comply with safety regulations and enhance driver monitoring systems. In January 2024, Seeing Machines launched the Guardian Generation 3, an upgraded aftermarket Driver Monitoring System (DMS) verified to meet the European Commission’s General Safety Regulation for Drowsiness Detection. This system boasts improved microsleep detection and eye-gaze tracking capabilities. In June 2023, Smart Eye showcased its innovative DMS metric, integrating vital sign detection for remote monitoring of drivers’ heart and respiration rates. This feature enhances road safety and driver well-being by detecting sudden illnesses or unresponsive behavior. Both companies utilize AI and non-contact, camera-based methods for accurate detection under various lighting conditions. Vendors’ focus on new product launches continues to drive market growth, ensuring technological advancements and compliance with evolving safety standards.
The Drowsiness Monitoring System market is experiencing significant growth due to increasing road safety concerns and the integration of advanced driver monitoring technologies in electric and autonomous vehicles. These systems use sophisticated sensors like infrared, steering angle, and vehicle speed sensors, along with algorithms and machine learning, to detect driver distraction and tiredness. False alarms are minimized through multi-modal detection systems, including facial recognition and eye-tracking. Real-time monitoring and alerts help prevent accidents, making vehicle safety systems a priority for fleet management solutions. Road safety awareness is crucial, and traffic accidents caused by tiredness or distraction can be reduced through these advanced technologies. The future of automotive technology lies in driver assistance systems, artificial intelligence, and machine learning, all working together to ensure safer journeys for all.
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Market Challenges
The drowsiness monitoring system market encounters substantial challenges, primarily due to the high occurrence of false alarms. These false alerts can be disruptive and distracting for drivers, potentially compromising road safety instead of enhancing it. Accurately detecting driver drowsiness is intricate and can be influenced by various factors, including environmental conditions and individual differences. Technical challenges include reliably capturing facial and eye features, which can be affected by external factors like bright lights, sudden movements, or changes in posture. These conditions can trigger false alarms, making it difficult for the system to accurately assess the driver’s state. Moreover, the limitations of current systems can lead to malfunctions or failures. For instance, bumpy roads or traffic congestion can inadvertently increase driver alertness, while smooth, low-traffic environments may increase driver comfort and the likelihood of drowsiness. This variability poses a significant risk, as the system may either fail to detect drowsiness or generate unnecessary alerts, leading to driver frustration and potential disengagement from the system. Individual differences also impact the effectiveness of drowsiness monitoring systems. Variations in facial features, eye movements, and behavioral patterns can affect the system’s ability to accurately detect drowsiness across different drivers. This reliance on technology can sometimes give drivers a false sense of security, leading them to overly depend on system alerts without remaining adequately vigilant. To overcome these challenges, ongoing technological advancements and refinements are necessary to improve the accuracy and reliability of these systems. Ensuring that they effectively enhance road safety without causing undue distraction or annoyance to drivers is crucial. By addressing these issues, the drowsiness monitoring system market can provide a valuable solution to combat driver fatigue and improve overall road safety.The Drowsiness Monitoring System market is gaining significant traction due to the increasing road safety awareness and the rising number of traffic accidents caused by drowsiness. Safety measures such as public awareness campaigns, automotive technology, and driver assistance systems are being employed to combat this issue. Advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) are being integrated into sensor technologies and real-time monitoring systems to detect drowsiness in drivers. Electric and autonomous vehicles, fleet management solutions, and passenger cars are all adopting Drowsiness Monitoring Systems (DMS) to prevent drowsiness-related accidents. These systems use image processing and driver monitoring technologies to detect physiological indicators such as eye movements and steering patterns. However, challenges such as false alarms and the integration of hardware and software components remain. Great Wall Motor and other automotive production companies are investing in DMS to improve automotive safety technology and reduce accidents. The transportation and logistics industries also stand to benefit from these systems, ensuring the health and safety of their corporate fleet and commercial vehicle operations.
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Segment Overview
This drowsiness monitoring system market report extensively covers market segmentation by
Type 1.1 Hardware devices1.2 Software systemsApplication 2.1 Passenger vehicles2.2 Commercial vehiclesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America
1.1 Hardware devices- The Drowsiness Monitoring System market is growing due to increasing road accidents caused by driver fatigue. These systems use sensors to detect signs of drowsiness and alert drivers, preventing potential accidents. Companies like Bosch, Honeywell, and Texas Instruments lead the market with innovative solutions. Growing demand from automotive and transportation industries drives market growth. Government regulations and consumer awareness further boost the market.
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Research Analysis
The Drowsiness Monitoring System market is gaining significant traction due to the increasing road safety awareness and the alarming number of traffic accidents caused by drowsiness-related drivers. To mitigate this issue, automotive technology companies are developing advanced driver assistance systems (ADAS) that utilize artificial intelligence (AI) and machine learning algorithms to monitor driver behavior and detect signs of drowsiness. These systems use sophisticated sensors, including cameras and eye movement sensors, to track driver eye movements, steering patterns, and vehicle position. In real-time, the system analyzes this data to determine if the driver is showing signs of drowsiness and issues timely warnings to prevent potential accidents. Corporate fleet management and commercial vehicle operations are also adopting these technologies to ensure the safety of their drivers and reduce the risk of accidents. The integration of facial recognition technology further enhances the system’s ability to detect driver fatigue accurately. Electric and autonomous vehicles are also expected to incorporate drowsiness monitoring systems as part of their safety features. Overall, the market for drowsiness monitoring systems is poised for growth as the importance of vehicle safety continues to be a top priority.
Market Research Overview
The Drowsiness Monitoring System market is gaining significant traction due to the increasing road safety awareness and the rising number of traffic accidents caused by drowsiness. These systems use advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to detect drowsiness in real-time. Sensor technologies such as infrared sensors, steering angle sensors, and vehicle speed sensors are integrated into these systems to monitor driver behavior and vehicle conditions. DMS or Driver Monitoring Systems are becoming essential components of Automotive Technology, particularly in the context of Driver Assistance Systems (ADAS) and Autonomous Vehicles. These systems use sophisticated sensors and algorithms to detect physiological indicators like eye movements, steering patterns, and vehicle position to issue timely warnings to prevent drowsiness-related accidents. The market for Drowsiness Monitoring Systems is expanding to include Electric Vehicles (EVs) and Commercial Vehicles, with fleet management solutions being a significant application area. The integration of Multi-Modal Detection Systems and Real-Time Monitoring Alerts is expected to further enhance the market’s growth. Road safety, corporate fleet management, and commercial vehicle operations are some of the key areas where these systems can make a significant impact on public health and preventive measures. However, the challenge of minimizing false alarms remains a significant concern for the market’s growth. The automotive industry, transportation, logistics, and Great Wall Motor are some of the sectors investing in Drowsiness Monitoring Systems to ensure vehicle safety and reduce accidents.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeHardware DevicesSoftware SystemsApplicationPassenger VehiclesCommercial VehiclesGeographyNorth AmericaEuropeAPACMiddle 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/
View original content to download multimedia:https://www.prnewswire.com/news-releases/drowsiness-monitoring-system-market-to-grow-by-usd-0-51-million-2024-2028-as-road-safety-concerns-rise-ai-redefined-market-landscape-report—technavio-302291119.html
SOURCE Technavio
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New Jersey Coffee School Unveils Home Roasting and Latte Art Classes to Meet Surging DIY Coffee Trend
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October 30, 2024By
Coffee enthusiasts and professionals are upping the ante to create their custom brews and artful presentations. The New Jersey Coffee School’s just-launched Home Roasting and Latte Art classes are three-hour, interactive courses for elevating personal skills and experiences with different brews.
HOBOKEN, N.J., Oct. 30, 2024 /PRNewswire-PRWeb/ — In response to the surging number of coffee-crazed consumers seeking the thrill of creating their own signature brews, Hoboken, N.J.-based New Jersey Coffee School (NJCS) has introduced two new hands-on classes: Home Roasting and Latte Art.
The interactive three-hour Home Roasting class is designed for coffee enthusiasts looking to elevate their personal experiences with different brews and professionals seeking to broaden their knowledge of coffee roast profiles. Students learn the basics of coffee beans from farm to cup, taste selected beans and roast their chosen green beans to take home, all using the school’s commercial-quality equipment.
“Today, many coffee lovers are no longer satisfied to just sip and savor their brews – they want to create a magical morning ritual,” says Jim Conti, NJCS Co-President. “Plus, roasting their own beans can significantly reduce their coffee costs.”
The Latte Art class, fueled by the increasing popularity of visually appealing coffee, equips baristas and enthusiasts with the skills to create consistent, high-quality latte art. Students learn milk science for perfecting milk streaming, texturing and pouring – culminating in innovative designs ranging from hearts and tulips to rosettas and landscapes. “In three hours, we turn coffee enthusiasts and baristas into creative latte artists,” says NJCS Co-President Bernie Rosenstein.
These courses complement the school’s popular two-day Barista Training class and the three-day Professional Coffee Business class for those hoping to achieve the dream of owning their own coffee shop and current owners who want to enhance their operations.
About the New Jersey Coffee School
Launched in 2023, the New Jersey Coffee School serves current and aspiring coffee professionals plus home coffee aficionados. The school empowers coffee entrepreneurs with hands-on training, practical business skills and key decision-making tools, in addition to offering professional barista training. Enthusiasts learn top-level preparation and presentation techniques worthy of the best baristas.
All of the school’s dynamic and hands-on programs for prospective and current café owners, managers, and baristas – as well as its classes for coffee enthusiasts – are led by top instructors who are accomplished coffee and hospitality professionals. Co-owners Jim Conti and Bernie Rosenstein, boyhood friends and former New York City financial executives driven by a passion for high-quality education, are committed to paving the path to success for their students.
The New Jersey Coffee School is located at 720 Monroe St., Suite C508, Hoboken, N.J. 07030. Visit www.NewJerseyCoffeeSchool.com or reach out at 201.367.9506 or info@newjerseycoffeeschool.com.
Media Contact
Ken Hunter, PowerStation Communications, 1 908-295-8946, khunter1@embarqmail.com, www.powerstationcomms.com
Jack Appleman, Successful Business Writing, 1 845-781-0019, jack@successfulbusinesswriting.com, https://successfulbusinesswriting.com
View original content to download multimedia:https://www.prweb.com/releases/new-jersey-coffee-school-unveils-home-roasting-and-latte-art-classes-to-meet-surging-diy-coffee-trend-302291355.html
SOURCE New Jersey Coffee School
Technology
Attenuators Market to Grow by USD 434.7 Million (2024-2028) as Demand for Wave Protection in Marine Environments Increases; AI-Powered Market Evolution Report – Technavio
Published
57 mins agoon
October 30, 2024By
NEW YORK, Oct. 30, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global attenuators market size is estimated to grow by USD 434.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.4% during the forecast period. Need for protection against wave action in marine environments is driving market growth, with a trend towards expanding innovation in material technology. However, uncertainty in producing accurate measurements poses a challenge.Key market players include Amphenol Corp., Analog Devices Inc., Bird, Eravant, HUBER SUHNER AG, HYPERLABS INC., Infinite Electronics International, Inc., JFW Industries Inc, MECA Electronics Inc, Narda MITEQ, Qorvo Inc., Renesas Electronics Corp., RF Industries Ltd., RF Lambda, Roho Connector Ltd, Scientific Components Corp, Smiths Interconnect Group Ltd, Spectrum Control Ltd, TTM Technologies Inc., and Valtir LLC.
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis– View your snapshot now
Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Type (Fixed attenuators and Variable attenuators), Application (Telecommunications, Broad casting, Data centers, Automotive, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Region Covered
APAC, North America, Europe, South America, and Middle East and Africa
Key companies profiled
Amphenol Corp., Analog Devices Inc., Bird, Eravant, HUBER SUHNER AG, HYPERLABS INC., Infinite Electronics International, Inc., JFW Industries Inc, MECA Electronics Inc, Narda MITEQ, Qorvo Inc., Renesas Electronics Corp., RF Industries Ltd., RF Lambda, Roho Connector Ltd, Scientific Components Corp, Smiths Interconnect Group Ltd, Spectrum Control Ltd, TTM Technologies Inc., and Valtir LLC
Key Market Trends Fueling Growth
The global attenuators market is experiencing significant growth due to advancements in material technology, specifically in the development of terahertz attenuators. Traditional attenuators have faced challenges in achieving effective performance in the terahertz band. However, recent innovations, such as the use of aerogels made from cellulose and conducting polymer PEDOT:PSS, are revolutionizing the industry. These aerogels offer unique benefits, including the ability to switch between conducting and insulating states, enabling precise control over THz signal transmission. This capability results in a substantial increase in performance, with modulation ranging from 2% to 90%. The reversible nature of this process makes aerogel attenuators highly adaptable for various applications. The use of biocompatible and durable PEDOT:PSS, combined with the renewable and cost-effective cellulose, enhances the sustainability of these materials. The aqueous fabrication process simplifies production and supports large-scale manufacturing. As the demand for high-performance attenuators in advanced communication systems continues to rise, the integration of innovative materials like conducting polymer-cellulose aerogels is poised to redefine industry standards, aligning with broader sustainability goals and driving the growth of the global attenuators market.
The Attenuators Market is experiencing significant growth due to increasing trends in Data Centers, Data Transmission, and Network Communication. With the rise of Cloud Computing and IoT, the need for maintaining Signal Integrity in Wireless Infrastructure and 5G Technology is crucial. Attenuators, as passive devices, play a vital role in reducing signal power and ensuring Quality of Service (QoS) in various applications. Single-channel and Multi-channel Jitter Attenuators find extensive use in Telecommunications and Data Center Applications. Digital Attenuators, using Voltage Divider Network and Semiconductor Devices, offer precise amplitude reduction. The Telecommunication Industry’s shift towards 5G, LTE Networks, and IoT applications necessitates advanced solutions like Active Attenuators, Variable Attenuators, and Power Wattage management. Attenuators find applications in Military Applications, Consumer Electronics, and Test and Measurement equipment. High Bandwidth Technologies, Smart Grid Technology, and Time-sensitive Smart Meters require precise attenuation for Financial Security and Digital Transformation. Attenuators are essential components in various industries, including Telecommunications, Automotive (Autonomous and Connected Cars), and Supply Chain.
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Market Challenges
The global attenuators market encounters challenges in obtaining accurate measurements, especially with direct reading attenuators. These instruments are vital in test labs and production settings for precise attenuation settings in component and system characterizations. However, the reliability of these measurements can be affected by the non-linearity issues of power sensing devices, such as power sensors and detectors. This concern results in the need for consistent power exposure levels to ensure measurement accuracy. To achieve this, a precise attenuation value is necessary. The standard method involves using direct reading attenuators to establish the desired attenuation level, enabling accurate gain or loss readings. However, the accuracy of these readings for the Device Under Test (DUT) depends on the precision of the attenuation readings. Discrepancies in attenuator accuracy can lead to significant measurement errors. Furthermore, applications like bit error rate testing in communication systems and sensitivity assessments in radar systems necessitate extremely high accuracy and attenuation levels, often surpassing 120 dB. This demand adds complexity, as a flat attenuation response across the entire waveguide operating bandwidth is crucial for reliable performance in broadband components and subsystems. The uncertainties in producing accurate measurements may hinder the growth of the global attenuators market during the forecast period.The Attenuators Market encompasses passive devices designed for signal power reduction in various industries. Digital Attenuators, a modern solution, offer precise amplitude reduction for applications like Test and Measurement and Communication Equipment. Maximum Rated Attenuation varies for Semiconductor Devices and Driver Circuitry, including Transistor-Transistor Logic (TTL). Challenges include meeting the power wattage requirements for Military Applications and Consumer Electronics, as well as the demands of High Bandwidth Technologies in the Telecommunication Industry, such as LTE Network and 5G. Active Attenuators and Variable Attenuators cater to different use cases. Vibration Dampers and Machine Learning Algorithms ensure optimal performance. Financial Security, Digital Transformation, Supply Chain, and emerging technologies like 5G, Autonomous Cars, Connected Cars, Silicon-based Timing Devices, Data Centers, and Smart Grid Technology also present significant opportunities.
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Segment Overview
This attenuators market report extensively covers market segmentation by
Type1.1 Fixed attenuators1.2 Variable attenuatorsApplication2.1 Telecommunications2.2 Broad casting2.3 Data centers2.4 Automotive2.5 OthersGeography3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Fixed attenuators- Fixed attenuators are essential devices in signal management, providing consistent attenuation across various applications. These devices reduce signal amplitude by a fixed amount, typically measured in decibels (dB), using a fixed resistance network to dissipate excess power as heat. The market for fixed attenuators includes various types, such as standard, cryogenic, space-grade, superconducting, and microwave models. Manufacturers rigorously test these devices in thermal vacuum chambers and radiation testing facilities to ensure reliability under extreme conditions. The use of high-reliability materials is crucial to resist degradation from radiation and temperature variations. The growing demand for advanced communication systems and space exploration technologies is driving the expansion of the fixed attenuators segment and the global attenuators market. Innovations in materials and design continue to enhance their performance and reliability.
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Research Analysis
The Attenuators Market encompasses a range of passive devices used to reduce signal power while maintaining signal integrity in various applications, including Data Centers, Data Transmission, Network Communication, Cloud Computing, Internet of Things (IoT), Wireless Infrastructure, and 5G Technology. Attenuators are essential in managing QoS (Quality of Service) and mitigating jitter in these systems. They come in different types, such as Single-channel Jitter Attenuators, Multi-channel Jitter Attenuators, Digital Attenuators, and Passive Devices like Voltage Divider Networks. Semiconductor devices, Driver Circuitry, CMOS Logic, and Transistor-Transistor Logic (TTL) are commonly used in attenuator designs. Maximum Rated Attenuation and Amplitude Reduction are critical specifications for these components. Test and Measurement equipment and Communication Equipment industries, Telecommunications, and Silicon-based Timing Devices also rely on attenuators for signal management.
Market Research Overview
The Attenuators Market encompasses a range of passive devices used to reduce signal power, primarily in data centers, data transmission, and network communication applications. These devices ensure signal integrity and improve Quality of Service (QoS) in various industries, including telecommunications, cloud computing, IoT, wireless infrastructure, and 5G technology. Attenuators come in different types such as single-channel and multi-channel jitter attenuators, digital attenuators, and active or variable attenuators. They are used in data center applications, test and measurement equipment, communication equipment, and military applications. Semiconductor devices, driver circuitry, and voltage divider networks are essential components of these attenuators. With the advent of high bandwidth technologies like 5G, LTE networks, and the Internet of Things (IoT), the demand for attenuators is increasing in various sectors like consumer electronics, autonomous cars, and connected cars. Silicon-based timing devices, smart grid technology, time-sensitive smart meters, financial security, digital transformation, and supply chain are other potential applications. Vibration dampers and machine learning algorithms are also being integrated into attenuators to improve their performance. In summary, the Attenuators Market is a significant and growing sector, driven by the increasing demand for reliable and high-performance signal transmission in various industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Type Fixed AttenuatorsVariable AttenuatorsApplication TelecommunicationsBroad CastingData CentersAutomotiveOthersGeography APACNorth AmericaEuropeSouth AmericaMiddle East And Africa
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/
View original content to download multimedia:https://www.prnewswire.com/news-releases/attenuators-market-to-grow-by-usd-434-7-million-2024-2028-as-demand-for-wave-protection-in-marine-environments-increases-ai-powered-market-evolution-report—technavio-302290505.html
SOURCE Technavio
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State Collection Service Donates $10,000 for Hurricane Recovery Efforts
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As hurricane recovery efforts continue throughout the Southeast, State is supporting those providing direct assistance.
MADISON, Wis, Oct. 30, 2024 /PRNewswire-PRWeb/ — As hurricane recovery efforts continue throughout the Southeast, State is supporting those providing direct assistance. The company has donated $10,000 to organizations assisting those in North Carolina and Florida, as well as a fund providing cash assistance to those impacted who work in the receivables management/revenue cycle industry. Many of our team members also have made contributions.
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“In addition to working closely with our clients located in the impacted areas, ceasing outbound contact campaigns and adjusting scripts, our team quickly jumped in to provide financial assistance to those impacted by the hurricanes,” said Tim Haag, State’s president and chief executive officer. “Our thoughts for a full recovery go out to everyone impacted by these disasters.”
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State improves the financial picture for healthcare providers by delivering increased financial results while ensuring a positive patient experience. Rooted in a tradition of ethics, integrity and innovation since 1949, State uses data analytics to drive performance and speech analytics with ongoing training to ensure patient satisfaction. A family-owned company now in its third generation of leadership, State assists healthcare organizations with services spanning the complete revenue cycle, including Pre-Service Financial Clearance, Early Out Self-Pay Resolution, Insurance Follow-Up and Bad Debt Collection. To learn more, visit: www.statecollectionservice.com.
Media Contact
Heather Taylor, State Collection Service, Inc., 1 7657306632, heathert@stcol.com, www.statecollectionservice.com
View original content:https://www.prweb.com/releases/state-collection-service-donates-10-000-for-hurricane-recovery-efforts-302289773.html
SOURCE State Collection Service, Inc.
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