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iFOREX Engages La Liga Fans Across the GCC

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TORTOLA, British Virgin Islands, Nov. 28, 2024 /PRNewswire/ — Fans across the GCC will see the iFOREX brand displayed prominently during thrilling La Liga matches. As viewers cheer on Real Madrid, FC Barcelona, and their other favorite teams, iFOREX is proud to connect with football fans throughout the region by showcasing its brand and commitment to empowering traders. This increased visibility underscores iFOREX’s dedication to supporting traders in the GCC and inviting them to explore new opportunities in online trading.

Trade with Confidence and Precision

In today’s fast-paced financial world, staying informed and prepared is essential for trading success. With iFOREX, traders gain access to a comprehensive suite of tools designed to help them make informed decisions, from novices entering the field to experienced traders crafting advanced strategies.

“At iFOREX, we don’t just offer tools—we offer a community,” says Khalid al-Ali, Head of Customer Relations for the GCC region. “We’re committed to ensuring every trader, regardless of experience level, feels supported and equipped to succeed. Our platform provides real-time insights and professional guidance, helping traders tackle challenges and sharpen their skills.”

Key Features of iFOREX

Instant Access to Market Insights: iFOREX provides a wide range of resources, enabling traders to access valuable insights on-demand. From understanding market fundamentals to learning effective strategies, iFOREX supports traders at every step.

Designed for All Experience Levels: Whether you’re new to trading or a seasoned professional, iFOREX’s user-friendly platform makes it easy to navigate, learn, and succeed.

Real-Time Market Data: Just as a coordinated football team relies on precision, iFOREX delivers timely market data to streamline trading decisions, helping you stay ahead of market trends.

Extensive Educational Resources: iFOREX offers a wealth of educational materials and analysis, empowering traders to confidently navigate the evolving financial landscape.

Join the iFOREX Community

As La Liga’s excitement unfolds, iFOREX invites traders to experience the thrill of trading CFDs on forex, shares, and cryptocurrencies, backed by live commentary and strategy insights. Don’t miss this opportunity to elevate your trading game with iFOREX’s unmatched resources and support.

About iFOREX

With over 25 years in the industry, iFOREX is a trusted provider of online trading services, offering a range of financial instruments and tools designed to support traders’ success. iFOREX’s mission is to empower traders with the knowledge, resources, and confidence they need to excel in today’s fast-paced market.

https://www.iforex.eu/

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Enterprise Content Management Market to Grow by USD 35.03 Billion (2024-2028), Demand for Secure Content & Automated Workflows Rises, with AI Driving Transformation – Technavio

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NEW YORK, Nov. 28, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global enterprise content management market size is estimated to grow by USD 35.03 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.48%  during the forecast period. Growing need to enhance content security and optimize business processes with automated workflows is driving market growth, with a trend towards rise in adoption of ai-based enterprise content management. However, difficulties with integration and implementation of enterprise content management with current applications poses a challenge. Key market players include Acquia Inc., Adobe Inc., Alfresco Software Ltd., Capgemini Service SAS, Compulink Management Center Inc., Datamatics Global Services Limited, DNN Corp., Epicor Software Corp., HP Inc., Hyland Software Inc., International Business Machines Corp., M Files, Microsoft Corp., Newgen Software Technologies Ltd., OpenText Corp., Optimizely Inc., Oracle Corp., Ricoh Co. Ltd., Salesforce Inc., and Xerox Holdings Corp..

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                                                                                    Enterprise Content Management Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 21.48%

Market growth 2024-2028

USD 35026.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

17.41

Regional analysis

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

Performing market contribution

North America at 41%

Key countries

US, Germany, UK, Canada, and France

Key companies profiled

Acquia Inc., Adobe Inc., Alfresco Software Ltd., Capgemini Service SAS, Compulink Management Center Inc., Datamatics Global Services Limited, DNN Corp., Epicor Software Corp., HP Inc., Hyland Software Inc., International Business Machines Corp., M Files, Microsoft Corp., Newgen Software Technologies Ltd., OpenText Corp., Optimizely Inc., Oracle Corp., Ricoh Co. Ltd., Salesforce Inc., and Xerox Holdings Corp.

Market Driver

The Enterprise Content Management (ECM) market is witnessing a significant trend towards centralized platforms that help business organizations manage information throughout the project lifecycle. Bigger organizations require efficient and secure ways to manage sensitive data and regulatory content on wireless devices. Operational efficiency and compliance requirements are key concerns, as risks such as data breaches and unauthorized access pose significant threats. ECM solutions offer features like indexing, retrieval, and informed decision-making for improved patient care and administrative efficiency in healthcare. Centralized repositories ensure the integrity of content assets, including electronic health records, consent forms, insurance claims, and invoices. In industries like telecom and IT, manufacturing, media and entertainment, and financial services, ECM platforms enable automation of workflows, record management, and audit trails. ECM systems are increasingly integrating artificial intelligence, machine learning, and predictive learning to enhance document management, risk reduction, and content collaboration. Enterprise size, industry regulations, and digital transformation initiatives influence the choice between on-premise and cloud-based ECM systems. Consulting, system integration, and operation & maintenance services ensure effective implementation and ongoing support. ECM solutions provide end-to-end platform capabilities, mobile platforms, and cloud platforms to cater to diverse business needs. 

Enterprise content management systems have experienced increased adoption of AI technology. Companies in various industries integrate AI into their content management systems to streamline operations and gain a competitive edge. An illustration of this trend is the implementation of AI-driven chatbots in customer service. These chatbots, fueled by AI, efficiently access and retrieve pertinent information from the content management system, enabling them to provide prompt and accurate responses to customer inquiries. This enhances customer satisfaction and enables customer service teams to focus on more intricate issues. 

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 Market Challenges

Business organizations face numerous challenges in managing their content, particularly during the project lifecycle. Bigger organizations deal with vast amounts of sensitive information, including electronic health records, patient medical history, diagnostic reports, and treatment plans, which require strict compliance with regulatory requirements and high levels of security. Centralized ECM platforms offer a solution, providing a centralized repository for content assets, enabling efficient indexing, retrieval, and informed decision-making. However, challenges persist, such as risks of data breaches and unauthorized access. ECM solutions offer security features, including consent forms, audit trails, and access controls. Wireless devices and cloud platforms expand accessibility, but raise concerns for data security and confidentiality. ECM market offers various solutions, including document management, workflow automation, and record management, catering to industries like healthcare, financial services, telecom and IT, manufacturing, media and entertainment, and more. Enterprises face operational efficiency and compliance requirements, necessitating the need for ECM platforms that offer automation, business continuity, and digital transformation initiatives. Effective operations and high-quality patient care rely on efficient content management processes, reducing risks, and ensuring data integrity. ECM solutions offer end-to-end platforms, mobile platforms, and AI-integrated systems, requiring a skilled workforce for system integration, operation & maintenance, and consulting services.Enterprise content management is a crucial business tool for managing, organizing, and storing digital content. However, integrating and implementing this solution with existing applications can present challenges. Technical limitations of current technology infrastructure are a significant hurdle. For instance, outdated database systems may not be compatible with the database management component of enterprise content management systems. This incompatibility can hinder the successful implementation of enterprise content management solutions. To overcome these challenges, businesses may need to invest in upgrading their technology infrastructure or seek the assistance of technology experts. By addressing these technical limitations, businesses can effectively leverage enterprise content management to streamline their content management processes and improve overall efficiency.

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Segment Overview 

This enterprise content management market report extensively covers market segmentation by  

Deployment 1.1 On-premises1.2 CloudEnd-user 2.1 BFSI2.2 Manufacturing2.3 Healthcare2.4 Retail2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-premises-  On-premise Enterprise Content Management (ECM) solutions refer to the deployment of software or applications within a company’s network infrastructure or physical hardware. This approach offers several advantages to businesses. Firstly, it provides enhanced security as companies can maintain critical data within their own network, reducing the risk of data breaches or unauthorized access. Secondly, businesses can ensure compliance with industry regulations and internal policies by controlling access privileges, data encryption, and security configurations. Thirdly, on-premise deployment offers customization benefits, allowing companies to configure their workflows, integrations, and user roles to suit their specific needs. Lastly, it provides performance benefits by eliminating lag time associated with cloud-based systems or web applications. Several industries, including healthcare, finance, and government agencies, have adopted on-premise solutions due to their sensitive nature and regulatory requirements. For instance, healthcare providers must adhere to regulations like HIPAA, which necessitates secure systems for managing patient data. Therefore, the on-premise segment’s growth in the global market is expected to be driven by these factors during the forecast period.

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Research Analysis

Enterprise Content Management (ECM) refers to the centralized platform used by business organizations to manage and store various types of information throughout the project lifecycle. Bigger organizations rely on ECM systems to efficiently manage structured and unstructured content, including regulatory content, wirelessly from wireless devices. ECM solutions enable effective information sharing, audit management, and compliance requirements. They offer document management, case management, workflow management, record management, digital asset management, and content management tools. Cloud-based storage, artificial intelligence, machine learning, predictive learning, audit trails, data security, and social media content management are some advanced features of ECM systems. Sensitive data, corporate information, and paperwork are effectively managed and secured using these systems, ensuring operational efficiency and reducing the need for physical storage.

Market Research Overview

The Enterprise Content Management (ECM) market is a dynamic and growing industry that provides businesses of all sizes with centralized platforms for managing and securing their information throughout the project lifecycle. Bigger organizations rely on ECM solutions to streamline operational efficiency, ensure compliance with regulatory requirements, and mitigate risks related to data breaches and unauthorized access. ECM platforms offer a centralized repository for managing content assets, including sensitive data, and provide security features such as encryption, access controls, and audit trails. They enable digital processes for industries like healthcare, where electronic health records, patient medical histories, diagnostic reports, and treatment plans are crucial for informed decision-making and improved patient care. ECM solutions offer document capture, imaging process, and digitizing paper documents into electronic formats, reducing manual data entry and paperwork. They also provide workflow automation, remote access capabilities, and indexing and retrieval features for efficient document management and informed decision-making. The ECM market caters to various industries, including telecom and IT, manufacturing, media and entertainment, financial services, and healthcare, among others. It offers cloud-based and on-premise solutions, as well as consulting, system integration, and operation & maintenance services. ECM platforms also offer AI-integrated systems, predictive learning, and record management capabilities, making them essential tools for businesses undergoing massive digital transformation initiatives.

Table of Contents:

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

DeploymentOn-premisesCloudEnd-userBFSIManufacturingHealthcareRetailOthersGeographyNorth AmericaEuropeAPACSouth 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/

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Digital Map Market to Grow by USD 19.75 Billion (2024-2028), Intelligent PDA Adoption Fuels Revenue, Report Highlights AI’s Impact on Trends – Technavio

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NEW YORK, Nov. 28, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global digital map market size is estimated to grow by USD 19.75 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 26.06% during the forecast period. Adoption of intelligent PDAS is driving market growth, with a trend towards availability of location-based services. However, security and privacy of mobile apps poses a challenge. Key market players include Alibaba Group Holding Ltd., Alphabet Inc., American Digital Cartography Inc., Apple Inc., CACI International Inc., Elbit Systems Ltd., Esri Global Inc., General Motors Co., Geobis International, HERE Global BV, indoo.rs GmbH, Information Technologies Institute Intellias LLC, LightBox Holdings L.P., Mapquest Inc., MapSherpa, Microsoft Corp., NavInfo Co. Ltd., Nearmap, Sensewhere Ltd., and TomTom NV.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Navigation, Geocoders, and Others), Type (Outdoor and Indoor), 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

Alibaba Group Holding Ltd., Alphabet Inc., American Digital Cartography Inc., Apple Inc., CACI International Inc., Elbit Systems Ltd., Esri Global Inc., General Motors Co., Geobis International, HERE Global BV, indoo.rs GmbH, Information Technologies Institute Intellias LLC, LightBox Holdings L.P., Mapquest Inc., MapSherpa, Microsoft Corp., NavInfo Co. Ltd., Nearmap, Sensewhere Ltd., and TomTom NV

Key Market Trends Fueling Growth

Digital maps have become an essential tool for businesses in various industries, thanks to the advancements in Geographic Information Systems (GIS), Global Positioning Systems (GPS), and connected devices. Modern GIS systems offer accurate and up-to-date information on terrain, roads, buildings, rivers, boundaries, and points of interest. Real-time mapping and tracking systems enable navigation, urban planning, population density analysis, traffic congestion monitoring, and transportation route optimization. APIs and SDKs from providers like Nearmap, ESRI, INRIX, MapQuest, LightBox, ServiceNow, Alibaba Group, Inpixon, META, and others facilitate seamless integration of digital maps into business applications. GNSS technologies such as BeiDou and Galileo enhance the accuracy of location-based services. Advanced GIS systems and map analytics enable impact analysis, business planning, logistics, and real-time tracking of automotive vehicles and home appliances. Traditional maps have given way to digital formats, enabling real-time navigation and location-based services on smartphones and wearable devices. The prevalence of GPS-enabled devices and 5G networks has led to the growth of advanced technologies like AR, AI, and ML for indoor and outdoor applications. Digital maps are increasingly being used in e-commerce sectors like Flipkart and Alibaba for location-based targeting and delivery optimization. Real-time digital maps play a crucial role in emergency situations, environmental conservation, and infrastructure conditions assessment. Legal challenges related to data privacy and ownership remain, but the benefits of digital maps far outweigh the risks. 

The Live Business Services (LBS) market is experiencing significant growth on a global scale, driven by the integration of digital maps. These services cater to users of GPS and internet-enabled mobile devices, delivering location-specific and timely information. LBS offer various applications such as advertising, driving assistance, emergency services, entertainment, indoor object search, local traffic updates, local weather information, mobile city guides, people-locating services, roadside services, targeted sales offerings, traveling and tourist attractions, and vehicle theft detection. By providing access to product or service information, price comparisons, product alternatives, reviews, and direct purchase options, LBS enable businesses to connect with consumers when they are most likely to make a purchase. 

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Market Challenges

Digital maps have become essential in our modern world, powering various industries from automotive to telecommunications. However, creating and maintaining accurate and up-to-date digital maps comes with unique challenges. GIS, GPS, and connected devices like PDA, Cortana, Siri, Amazon Echo, and Google Now, rely on real-time mapping and APIs/SDKs. Companies like Nearmap, ESRI, INRIX, MapQuest, LightBox, ServiceNow, Alibaba Group, Inpixon, META, and others provide advanced GIS systems and map analytics. Industries like energy & power, automobile, and telecommunication require precise spatial data on terrain, roads, buildings, rivers, boundaries, and points of interest. Real-time tracking systems in automotive vehicles and home appliances demand accurate information. Traditional maps are being replaced by modern GIS systems using GNSS technologies like BeiDou, Galileo, and Aurora Insight. The e-commerce sector, including Flipkart and Alibaba, uses digital maps for logistics and location-based services. AR technologies and 5G networks are driving the need for real-time digital maps. Legal challenges arise from the prevalence of smartphones and GPS-enabled devices, requiring privacy and security measures. Real-time navigation, geospatial data, and location-based services are transforming transportation and urban planning. Advanced technologies like AI and ML, sensors, and environmental sensors provide valuable location-based data for impact analysis, business planning, and logistics. Digital maps are used for indoor applications, such as navigation in buildings and outdoor applications, including traffic patterns, air quality measurements, pedestrian movement, and infrastructure conditions.In today’s digital age, mobile applications integrated with digital maps have become essential for businesses and individuals alike. However, the increasing use of these location services raises concerns regarding data security, app security, and user privacy. Developers must adhere to necessary standards and guidelines to ensure the security and privacy of user data. Neglecting these practices can lead to potential risks and vulnerabilities. Implementing security and privacy discipline throughout an app’s life cycle is crucial for both the company and its users. Sensitive data, such as location information and personal files, must be handled securely to maintain the integrity of the user’s data. By prioritizing security and privacy, businesses can build trust with their customers and protect their reputation.

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Segment Overview 

This digital map market report extensively covers market segmentation by

Application 1.1 Navigation1.2 Geocoders1.3 OthersType 2.1 Outdoor2.2 IndoorGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Navigation- Digital maps are essential tools for navigators, providing information on meteorological, hydrographic, and navigational conditions. Their adoption in the automotive industry is on the rise, driven by the prevalence of Internet of Things (IoT) services and the increasing use of personal navigation devices (PNDs) and other navigation systems. Driver assistance applications, which offer real-time traffic information, are experiencing significant revenue growth due to the demand for safety, convenience, and comfort. IoT solutions enable advanced navigation capabilities, providing dynamic traffic information to optimize routes and distribution schedules. The aftermarket navigation solutions market for digital maps is highly competitive, with established map data and solutions providers. The development of Long-Term Evolution (LTE) technologies is another factor fueling the adoption of digital maps in the automotive sector.

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Research Analysis

The Digital Map Market is a dynamic and innovative industry that leverages Computer Technology to create and distribute Geographic Information in Digital Format. It encompasses various technologies such as GIS (Geographic Information Systems), GPS (Global Positioning Systems), and APIs (Application Programming Interfaces) that enable Real-Time Mapping and Map Analytics. Connected devices like PDAs, Smartphones with Cortana, Siri, Amazon Echo, and Google Now integrate these maps, providing real-time location-based services. The market caters to diverse industries like Energy & Power, Automobile, Telecommunication, and Transportation, offering advanced solutions for Real-Time Tracking Systems and Spatial Data Analysis. It covers vast Terrain, Roads, Buildings, Rivers, and other features, enabling effective decision-making and optimization in various sectors. The Internet plays a crucial role in delivering these digital maps and services, making them accessible to a global audience.

Market Research Overview

Digital Map Market: Unleashing the Power of Geographic Information Systems (GIS), Global Positioning System (GPS), and Connected Devices The Digital Map Market is revolutionizing the way we navigate and understand the world around US. With the prevalence of smartphones and GPS-enabled devices, real-time digital maps have become an integral part of our daily lives. These maps go beyond traditional formats, offering accurate and up-to-date information on terrain, roads, buildings, rivers, boundaries, points of interest, and more. Advanced GIS systems and modern technologies like Cortana, Siri, Amazon Echo, Google Now, and others, are transforming location-based services. Real-time mapping, map analytics, and real-time tracking systems are enabling automotive vehicles, home appliances, and other industries to optimize their operations. The market caters to various sectors such as energy & power, automobile, telecommunication, agriculture, and e-commerce. Real-time digital maps are essential for urban planning, population density analysis, traffic congestion management, and public services. Advanced technologies like AI and ML, sensors, and APIs/SDKs are enhancing the capabilities of digital maps. Indoor applications and outdoor applications are seeing significant growth, with impact analysis, business planning, logistics, and connected vehicles being major use cases. The Digital Map Market is also addressing environmental challenges by providing data on sensitive ecosystems, habitats, and conservation efforts. The market is expected to grow further with the advent of 5G networks, AR technologies, and IoT devices. Legal challenges and data privacy concerns remain key issues to be addressed.

Table of Contents:

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

ApplicationNavigationGeocodersOthersTypeOutdoorIndoorGeographyAPACNorth 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/

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SOURCE Technavio

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Urban Air Mobility Market to Grow by USD 10.31 Billion (2024-2028), eVTOL Aircraft Use in Military Drives Growth, Report Highlights AI’s Role in Market Shift – Technavio

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NEW YORK, Nov. 28, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global urban air mobility (UAM) market size is estimated to grow by USD 10.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 36.5% during the forecast period. Increasing use of evtol aircraft in military applications is driving market growth, with a trend towards technological advancements. However, limitations of existing battery technology poses a challenge. Key market players include Airbus SE, Archer Aviation Inc, Bartini Inc., Bell Textron Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lockheed Martin Corp., Moller International, Moog Inc., RTX Corp., Textron Inc., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, and WORKHORSE GROUP INC..

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Urban Air Mobility (Uam) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 36.5%

Market growth 2024-2028

USD 10312 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

26.88

Regional analysis

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

Performing market contribution

North America at 52%

Key countries

US, China, Germany, UK, and France

Key companies profiled

Airbus SE, Archer Aviation Inc, Bartini Inc., Bell Textron Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lockheed Martin Corp., Moller International, Moog Inc., RTX Corp., Textron Inc., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, and WORKHORSE GROUP INC.

Market Driver

The Urban Air Mobility (UAM) market is experiencing significant growth with trends like autonomous aerial vehicles and flying cars gaining momentum. The Federal Aviation Administration (FAA) is working on rulemaking committees for air taxis and air ambulances, paving the way for advanced air mobility. Uber Air, UAM market leaders, are investing in battery-powered electric vehicles to reduce CO2 emissions. R&D investments from start-ups and aerospace players in eVTOL, electric aircraft, and autonomous segments are driving innovation. Urban areas face traffic congestion, and UAM offers sustainable solutions with electric motors, batteries, fly-by-wire systems, sensors, and control systems. Urban aviation services include air taxis, air metro, cargo, emergencies, and last-mile delivery. The Ministry of Land, Infrastructure, Transport, and Tourism are collaborating with aircraft operators to develop infrastructure. Industry players like Hyundai Motor, Volocopter, and others are launching electric-powered vertical takeoff and landing vehicles. The ecosystem includes on-demand mobility, urban air mobility services, and shared automated vehicles. The UAM market covers various vehicle types, including air taxis, air ambulance, cargo air vehicles, and personal air vehicles. Strategies include mergers & acquisitions, collaborations, and technology advancements in stability, load-carrying capacity, range, and vehicle automation. Urban air mobility offers social mobility and productivity enhancements for metropolitan economies. 

The urban air mobility market is witnessing a significant shift towards advanced technology for real-time package tracking. Consumers can now manage and modify their retail deliveries using online tools, ensuring greater transparency and control. However, for large or heavy packages, direct customer pick-up is necessary due to their high value. Delivery providers address this challenge by offering web and mobile-based last-mile delivery management applications, enabling customers to manage the scheduling of such deliveries effectively. 

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Market Challenges

The Urban Air Mobility (UAM) market is experiencing significant growth with the development of autonomous aerial vehicles like flying cars. However, challenges persist, including regulatory hurdles from the Federal Aviation Administration (FAA) and industry players like Uber Air. CO2 emissions are a concern, making battery-powered UAM vehicles an attractive alternative to ICE cars. Air taxis, air metro, and air ambulance segments lead the market. R&D investments from start-ups and aerospace players in eVTOL, electric aircraft, and autonomous segments are driving innovation. Urban areas face traffic congestion and productivity losses, making UAM an attractive sustainable solution for transportation businesses. FAA Rulemaking Committees are working on vehicle type segment and air taxi segment regulations. Hyundai Motor and Volocopter are leading players with electric power vehicles like the SA-1 vertical takeoff and landing vehicle. The ecosystem includes aircraft operators, advanced air mobility, cargo, emergencies, metropolitan areas, and infrastructure development. Collaborations, mergers & acquisitions, and technology advancements in electric motors, batteries, fly-by-wire systems, sensors, and control systems are shaping the future of urban aviation services, including on-demand mobility, goods delivery services, and shared automated vehicles. Regulatory authorities, cargo, and tourism industries are also exploring UAM opportunities. Drones are also part of the UAM development. Industry players are focusing on stability, load-carrying capacity, range, platform architecture, and vehicle automation for autonomous vehicle operations. Social mobility and vehicle autonomy are key considerations for urban air mobility.The urban air mobility (UAM) market for electric vertical takeoff and landing (eVTOL) aircraft is experiencing significant hype, yet the conversion of aerospace company designs into functional commercial models faces challenges. The energy requirements for flight are substantial, and current battery technology struggles to provide the necessary power with minimal weight. The success of electric cars was achieved through affordability and compactness, but in aviation, weight is the primary concern. To create a commercially viable eVTOL aircraft, batteries must have a minimum energy density of 500Wh/kg. However, most commercial batteries can only deliver 30-50% of this, posing a significant hurdle for the industry.

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Segment Overview 

This urban air mobility (uam) market report extensively covers market segmentation by

Type 1.1 Autonomous1.2 PilotedApplication 2.1 Delivery2.2 Passenger mobilityGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Autonomous- Autonomous Urban Air Mobility (UAM) refers to the utilization of unmanned aerial vehicles (UAVs) or drones for transportation in urban areas. This technology intends to offer cities a secure, productive, and eco-friendly air transportation alternative by alleviating traffic congestion and enhancing mobility. Autonomous UAVs are equipped with advanced technologies such as sensors, navigation systems, and artificial intelligence algorithms, enabling them to operate independently. Morgan Stanley Research’s latest BluePaper reveals that investment in autonomous flying aircraft is gaining momentum, with implications for passenger travel, military and defense applications, and freight and package transportation. The report anticipates a USD1.5 trillion total addressable market for autonomous aircraft by 2040, generating opportunities for investors and benefiting multiple sectors, thereby fueling the demand for UAM throughout the forecast period.

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Research Analysis

The Urban Air Mobility (UAM) market refers to the emerging transportation sector that utilizes autonomous aerial vehicles, such as flying cars and air taxis, for urban mobility. The Federal Aviation Administration (FAA) is working on rulemaking committees to establish regulations for this new mode of transportation. UAM offers several advantages over traditional ICE cars, including reduced CO2 emissions and traffic congestion. The market is segmented into vehicle type, including battery-powered UAM vehicles and eVTOL (electric vertical takeoff and landing) aircraft. Key segments include air taxis, air ambulance, and last-mile delivery. R&D investments from start-ups and aerospace players are driving innovation in this sector. Technological advancements include electric motors, batteries, fly-by-wire systems, sensors, and control systems. The UAM market is expected to significantly impact urban areas, offering efficient and eco-friendly transportation solutions.

Market Research Overview

Urban Air Mobility (UAM) is an emerging market that focuses on the use of autonomous aerial vehicles, including flying cars, for transportation in urban areas. The Federal Aviation Administration (FAA) is working on rulemaking committees to integrate UAM into the national airspace system. UAM offers sustainable solutions for urban transportation, reducing CO2 emissions compared to ICE cars. Battery-powered UAM vehicles, such as air taxis, air metro, air ambulance, and last-mile delivery vehicles, are gaining popularity. R&D investments from start-ups, aerospace players, and regulatory authorities are driving the development of eVTOL, electric aircraft, and autonomous segment of UAM. Urban areas face traffic congestion and productivity losses, making UAM an attractive alternative for on-demand mobility and urban aviation services. Cargo, emergencies, and tourism are among the sectors that can benefit from UAM. The ecosystem includes aircraft operators, advanced air mobility, and transportation technologies. Collaborations, mergers & acquisitions, and technology development are key strategies among industry players. Urban air mobility offers a range of vehicle types, including air taxis, air shuttles, personal air vehicles, cargo air vehicles, medical emergency vehicles, and last-mile delivery vehicles. Platforms, such as Uber Air, are developing operations, architecture, and range for UAM vehicles. The market includes piloted and autonomous vehicles, intercity and intracity travel, rotary wings and fixed wings hybrid, and vehicle automation. Urban air mobility offers stability, load-carrying capacity, and R&D spending opportunities. The market also includes social mobility and vehicle autonomy aspects. Infrastructures, cities, and transportation businesses are exploring the potential of UAM to address fuel costs and sustainability concerns. Drones are also a part of the UAM development.

Table of Contents:

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

TypeAutonomousPilotedApplicationDeliveryPassenger MobilityGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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