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Unlocking Success: How Newborn Town Dominates the MENA Social Networking Market

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HONG KONG, May 27, 2024 /PRNewswire/ — Newborn Town, a rising social networking company, has garnered significant attention in the Middle East and North Africa (MENA) market. Known for its innovation in live voice chat platforms and social entertainment products, this Hong Kong-based tech company has made remarkable strides. This article explores the secrets behind Newborn Town’s success in the MENA region.

MENA’s Social Media Craze Sparks Market Potential

The MENA region has become a focal point for several social media and entertainment companies, as the area’s high fertility rate and young demographic structure generate substantial demand for socialization. The statistics from OCED revealed that the average age of countries like Saudi Arabia, Türkiye, and the UAE is around 31 years, creating a vast user base for social and entertainment products. Religious restrictions have further driven young people to online social networking and entertainment, creating a significant market void.

MENA boasts the highest social media usage globally, with each person maintaining an average of 8.4 social media accounts and spending at least 3.5 hours daily on these platforms. This high level of social interaction and the users’ strong desire to flaunt their wealth present lucrative monetization opportunities for social applications.

Filling the Market Gap

A majority of foreign social media companies, including Newborn Town, have successfully filled this market gap by catering to the young population’s structure, high entertainment demands, keen interest in social networking, and willingness to pay. These companies have tailored their social products to meet market needs, resulting in rapid market performance improvements and demonstrating their global potential.

According to Newborn Town’s 2023 annual result, the company achieved a total revenue of approximately 3.308 billion yuan, an 18% year-over-year increase. The net profit was around 761 million yuan, a 165% year-over-year increase. Adjusted EBITDA reached 675 million yuan, up 80% year-over-year. The net profit attributable to shareholders was 513 million yuan, reflecting a 294% year-over-year increase.

Key Determinants to NBT’s Success

Innovation and localization strategies play a significant role in Newborn Town’s success. For instance, MICO, Newborn Town’s flagship social product, has its interface customized to reflect Middle Eastern cultural features, using symbols like falafel and hummus to encourage user engagement.

Additionally, Newborn Town has designed diverse paid features within its apps to meet the specific demands of Middle Eastern users. For example, TopTop allows users to chat and play Dominoes and Ludo with others in online virtual rooms, catering to their entertainment and socializing needs at once. These localized features have improved user interaction and increased customer retention.

Besides apps that combine social networking and gaming scenarios, live voice chat platforms are also viral in the MENA region. As of September 2023, eight voice chat room apps were among the top 100 global entertainment apps in terms of daily revenue.

YoHo, Newborn Town’s flagship audio-based social product, has gained immense popularity in the MENA region due to its tailored features. These features cater to some users’ unwillingness to show their faces during online social networking, providing a platform for interaction without compromising modesty.

Recognizing the “chatty” nature of MENA users, YoHo introduced the “family” function, enabling like-minded individuals to form online communities and interact more closely.

Future Prospects

Mordor Intelligence projects the Middle Eastern media and entertainment market to grow from $42.72 billion in 2024 to $66.99 billion in 2028. Undoubtedly, this trend has opened a new chapter for foreign tech companies like Newborn Town to pursue opportunities and capture market share in the MENA region.

Newborn Town’s success in the MENA region would not have been possible without its diverse and innovative product offerings. As technology evolves, Newborn Town will need to continue iterating its products to tackle future challenges and maintain its competitive edge.

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SOURCE Newborn Town

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Artemis by Monalee is Now Offering Industry-Leading GoodLeap Lease Financing for Solar Companies

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Artemis by Monalee is changing the way solar is financed, offering consumers easy lease options that can save up to 50% on their electric bills. As the fastest, customer-first solar platform in the industry, Artemis enables solar companies to speed up their quoting/sales process 100X, delivering a better customer experience and meeting the demands of the modern economy. All while being one-fifth the cost of alternative software solutions in the market today.

BOSTON, Jan. 9, 2025 /PRNewswire-PRWeb/ — As the demand for affordable and sustainable energy solutions grows, Artemis by Monalee is introducing industry-leading GoodLeap lease financing for fast-growing solar companies. Currently active across 12 states, consumers can easily select the lease option that best suits their needs and enjoy instant approval through soft credit checks, enabling savings of up to 30-50% on their monthly electric bills.

To power its innovative offering, Artemis has connected with GoodLeap, a leading company that has funded nearly $20B in projects. This connection equips solar companies using Artemis with the ability to give consumers lease pricing instantly on their website, along with credit approvals, instant 12-second system designs that meet GoodLeap’s high bar for accuracy/approval, and access to competitive pricing, streamlining the process for their customers.

This shift toward solar leasing is largely driven by the ongoing rise in utility rates, compounded by inflation. In the past few years alone, average electricity prices have steadily risen, with a 5% increase in 2021, a 10% increase in 2022, and a 7.5% increase in 2023. When factoring in inflation, there’s been a 4.7% increase in 2021, 8% in 2022, and 4% in 2023.

“Utility costs are only going to increase because of the amount of Capital Expenditure required to maintain the grid and the transmission lines…and these price increases get passed on to consumers,” explains Artemis co-founder Walid Halty. He asserts that this is a big reason consumers are increasingly choosing lease financing today and that installers will want to include this offering. He says, “Installers are seeing nearly 40% improvement in consumer demand by adding lease financing via Artemis, as opposed to just loan financing.”

Artemis by Monalee officially launched at this year’s RE+ conference—the largest clean energy event in North America—but its technology has been in use since Monalee launched in 2022. Recognizing the need for greater solar adoption among homeowners, Halty chose to make its proprietary software available to other companies.

As the fastest, customer-first solar platform in the industry, Artemis enables solar companies to speed up their quoting/sales process 100X, delivering a better customer experience and meeting the demands of the modern economy. All while being one-fifth the cost of alternative software solutions in the market today.

Some of Artemis’ most compelling capabilities include generating accurate, 3D-rendered solar designs in less than ten seconds, side-by-side finance comparisons for homeowners, and beginning-to-end fulfillment. Companies interested in using Artemis can sign up for a five-minute demo here.

About Monalee

Monalee is a climate tech company that is accelerating the adoption of home solar, storage, and EV charging. By leveraging powerful machine learning and removing commission-based salespeople, Monalee saves homeowners thousands of dollars off the total price of going solar. More information can be found on Monalee.co and on LinkedIn.

Media Contact

Walid Halty, Monalee, 1 650-899-8727, pr@monalee.co, Monalee.co/artemis

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SOURCE Monalee

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Intellectual Property Software Market to grow by USD 7.96 Billion (2025-2029), rise in adoption to improve enterprise efficiency, AI driving market trends – Technavio

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global intellectual property software market  size is estimated to grow by USD 7.96 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 19.6%  during the forecast period. Rise in adoption of intellectual property software to improve efficiency of enterprises is driving market growth, with a trend towards use of ai with intellectual property software. However, lack of strict intellectual property laws  poses a challenge. Key market players include Ambercite Pty Ltd., Anaqua Inc., Clarivate PLC, Dennemeyer Group, Evalueserve Inc., Gridlogics Tech Pvt. Ltd., Innovation Asset Group Inc., InQuartik Corp., International Business Machines Corp., Inteum Co. LLC, IP Checkups, MaxVal Group Inc., Microsoft Corp, Mobileum Inc., Patrix AB, PatSnap, Questel, RELX Plc, Rowan Patents, Thales Group, TT Consultants, and Zycus Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Deployment (On-premises and Cloud-based), Component (Software and Service), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

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

Key companies profiled

Ambercite Pty Ltd., Anaqua Inc., Clarivate PLC, Dennemeyer Group, Evalueserve Inc., Gridlogics Tech Pvt. Ltd., Innovation Asset Group Inc., InQuartik Corp., International Business Machines Corp., Inteum Co. LLC, IP Checkups, MaxVal Group Inc., Microsoft Corp, Mobileum Inc., Patrix AB, PatSnap, Questel, RELX Plc, Rowan Patents, Thales Group, TT Consultants, and Zycus Inc.

Key Market Trends Fueling Growth

The Intellectual Property (IP) software market is witnessing significant trends in business innovation and IP protection. In the fiscal year 2022, organizations and individuals are focusing on IP management and patent filings to secure their IP rights. Trademark management and patent prosecution are crucial for brand recognition and legal compliance. R&D analytics and IP management services are essential for entrepreneurs and inventors to develop profitable innovation strategies. Artificial intelligence is transforming IP management by streamlining document management, data control, and patent application processes. Price advantage and competitive advantage are driving the adoption of cloud-based IP management software for multilateral trade policy compliance. Patent filing and IP portfolio management are critical for profitability and digitalization. IP outsourcing is a popular trend for organizations seeking expertise and cost savings. The Patent Prosecution Highway and Patent Filing agreements provide a competitive edge in the global IP landscape. Security is a top priority, with IP management software offering data control and protection against infringement and unauthorized use. The pharmaceutical industry is a significant user of IP management software for product development and IP rights protection. In conclusion, IP management software is a vital tool for businesses and individuals to protect their intellectual property rights, streamline processes, and gain a competitive edge in the digital age. 

The integration of artificial intelligence (AI) in intellectual property (IP) software is a significant trend in the global IP software market. Businesses undergoing digital transformation aim to establish interconnected platforms and generate new revenue streams. In response, various industries invest in real-time solutions, IT infrastructure, and analytical tools to gain a competitive edge. Modern businesses prioritize advanced business intelligence, and AI facilitates innovation and technological advancements through data, computing power, and algorithms. Vendors are capitalizing on this trend by incorporating AI into IP software, enabling process transformation and creating an IP network for users. 

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Market Challenges

The Intellectual Property (IP) software market is a significant business sector that helps organizations and individuals manage and protect their IP rights. Innovation intelligence plays a crucial role in identifying potential IP assets. However, challenges exist in IP protection, particularly with trademarks, patent filings, and patent prosecution. Inventors and entrepreneurs face fiscal year deadlines and need efficient IP management and licensing. R&D analytics and IP portfolio management are essential for profitability. Security is paramount to prevent unauthorized use and infringement. Artificial intelligence (AI) streamlines IP management, from patent applications to document management and data control. IP management services offer price advantages, while cloud-based solutions provide a competitive edge. Multilateral trade policies, such as the Patent Prosecution Highway, streamline IP rights in international trade. Pharmaceuticals and other industries rely on IP management software for brand recognition, productivity, and legal compliance. Outsourcing IP services can offer cost savings and expertise. Digitalization and digital platforms enable efficient IP management, patent management, and copyrights. However, organizations must navigate the complexities of patent filings, patent prosecution, and trademark management to maintain a strong IP portfolio. Ultimately, effective IP management is essential for business operations and profitability.The intellectual property software market holds significant value for businesses, as it safeguards assets that contribute to their success. However, the absence of stringent intellectual property laws in certain countries, such as Pakistan and Venezuela, poses a challenge. In India, while copyright laws exist, weak enforcement and rampant piracy hinder effective protection. This global issue is particularly relevant in industries like healthcare, where intellectual property is increasingly important due to advancements in technology and globalization. Businesses must navigate these complexities to secure their valuable intellectual assets.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This intellectual property software market report extensively covers market segmentation by

Deployment 1.1 On-premises1.2 Cloud-basedComponent 2.1 Software2.2 ServiceGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 On-premises-  The on-premises segment of the intellectual property software market is experiencing notable growth due to the heightened security and control it offers to enterprises, particularly in the BFSI and healthcare sectors. On-premises intellectual property software is managed and maintained by the businesses themselves, providing them with complete control over their solutions. This segment is currently dominated by vendors like CPA Global Ltd., whose offerings, Memotech and Patrawin, are installed on enterprise hardware. Memotech offers intellectual property portfolio visibility, innovation support, and enhanced protection, while Patrawin caters to law firms with comprehensive case management for various intellectual property types. Despite its advantages, the on-premises segment is anticipated to decline during the forecast period due to the increasing adoption of cloud-based software. The high initial investment, including hardware, software, and workforce training, as well as ongoing costs for maintenance, upgrades, and data protection solutions, are significant barriers for smaller enterprises. Additionally, the long setup time and limited accessibility are concerns for businesses. However, large enterprises, especially those in industries with stringent data security requirements, continue to invest heavily in on-premises intellectual property software due to the enhanced control it provides over their data. This trend is expected to drive the growth of the global intellectual property software market during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023) 

Research Analysis

The Intellectual Property (IP) software market encompasses a range of solutions designed to help organizations effectively manage, protect, and monetize their IP assets. These solutions include software licensing tools for managing IP usage rights, IP analytics platforms for identifying trends and insights, IP document management systems for organizing and securing IP documents, and IP collaboration platforms for facilitating innovation and idea sharing. IP awareness programs, copyright management systems, IP licensing platforms, and IP valuation tools are also common in this market. IP strategy development, due diligence, innovation, audits, and compliance are essential aspects of IP management, and IP dashboard reporting, risk management, training, and outsourcing solutions help organizations optimize their IP portfolios and mitigate risks. IP technology transfer, governance, and policy tools enable effective IP integration and support the development of IP ecosystems. IP solutions also offer automation, data management, leadership, strategy, integration, and consulting services to help organizations navigate the complex IP landscape.

Market Research Overview

The Intellectual Property (IP) software market is a dynamic and essential business sector that caters to organizations and individuals in managing, protecting, and leveraging their IP rights. This market encompasses various solutions such as innovation intelligence, R&D analytics, IP management, patent filings, trademark management, document management, patent prosecution, and licensing. Digitalization and artificial intelligence are driving the market, providing price advantages, competitive advantages, and productivity gains through cloud-based IP management services and outsourcing. IP protection is crucial in industries like pharmaceuticals, where IP rights, brand recognition, and legal compliance are vital for profitability and business operations. The market also includes solutions for patent applications, copyrights, and multilateral trade policies like the Patent Prosecution Highway. IP management is essential for entrepreneurs and inventors to secure their ideas and maintain an effective IP portfolio. The market offers various IP services to help organizations navigate the complexities of IP rights, patent filings, and trademark management, ensuring data control and security against infringement and unauthorized use.

Table of Contents:

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

DeploymentOn-premisesCloud-basedComponentSoftwareServiceGeographyNorth 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/

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SOURCE Technavio

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Introducing the NEO: The Key to Discovering Your True Self in a World Focused on Personal Growth and Self-Understanding

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LUTZ, Fla., Jan. 9, 2025 /PRNewswire/ — In a cultural moment where self-discovery, mental wellness, and personal growth are at the forefront of public discourse, having the right tools to navigate and understand ourselves is more crucial than ever. The NEO Inventories Normative Update from PAR, Inc., a leading publisher of psychological assessment tools, provides an updated approach to assessing the core dimensions of personality. This update offers a new generation the opportunity to gain reliable insights into their unique personalities.

“With the release of the NEO Inventories Normative Update, we are unlocking an advanced tool that serves a wide array of professionals—from mental health counselors to HR professionals, educators, and healthcare providers,” according to PAR CEO Kristin Greco. “This update not only enhances the assessment of personality traits but also empowers professionals to tailor their approaches for greater impact, be it in treatment, team building, or career guidance. The result is a significant leap forward in how we understand and apply personality insights for better outcomes across industries.”

The NEO Inventories, renowned for over three decades as a cornerstone in personality assessment, allow users to explore the five major domains of personality—Neuroticism (N), Extraversion (E), Openness (O), Agreeableness (A), and Conscientiousness (C)—and dive deeper into specific traits within each domain. The NEO Inventories Normative Update offers a variety of user-friendly administration and scoring options, allowing maximum flexibility and accessibility in many professional settings.

The rising demand for self-awareness tools aligns with today’s mental health trends, as seen in the increased attention toward work-life balance, mental wellness, and emotional intelligence. Now more than ever, individuals are motivated to understand how personality impacts their choices, relationships, and overall well-being. Thanks to its self-administered format (meaning it requires no formal training to complete), the NEO Inventories Normative Update empowers users to explore these dimensions independently.

Dr. Sierra Iwanicki, Senior Project Director for PAR said, “The NEO Inventories are seminal personality measures that have laid the foundation for so much of what we understand in the field of psychology. They continue to shape the study of personality psychology today and we’re excited to provide this normative update for our customers.”

Designed for both adolescents and adults, the NEO Inventories Normative Update offers a range of options for every level of interest and need. From the comprehensive NEO-PI-3™ Normative Update with its in-depth, 240-item assessment to the quicker, 60-item NEO-FFI-3™ Normative Update for general personality insight, users can choose the format that best meets their needs and/or the needs of their clients. The NEO Professional Development Report (PDR) also provides career-focused feedback, ideal for HR and career counseling settings, to foster personal and professional development alike.

As the public grows more self-reflective and interested in seeking tools for genuine understanding and self-awareness, The NEO Inventories Normative Update answers the call, providing a scientifically validated path to greater self-knowledge. With a range of options and the convenience of digital administration and scoring, the NEO Inventories Normative Update is an essential resource for individuals and professionals alike, helping to decode the complexities of personality with precision and insight.

For more information on how the NEO Inventories Normative Update can help you better understand yourself and those around you, visit www.parinc.com.

About PAR: Founded in 1978, PAR is a leading publisher of psychological assessments, dedicated to creating innovative, reliable, and accessible tools that support mental health and self-discovery. With an unwavering commitment to excellence, PAR offers an extensive range of assessments for clinicians, educators, researchers, and individuals seeking personal development.

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SOURCE PAR, Inc.

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