Indian Scientist Deekshith Alladi Discovers the Impact of AI-powered Insulin Delivery Systems in Managing Diabetes

Senior research scientist and software engineer at Chicago State University, Deekshith Alladi, has published his latest research paper, “Novel Adaptive AI-power Insulin Navigator for Diabetes Using Machine Learning,” examining the development and implementation of AI-driven insulin delivery systems that dynamically adjust insulin dosages based on real-time glucose monitoring and predictive analytics. This novel device gives patients better glycemic control, less dangerous blood sugar swings, and more precise insulin delivery, which helps with diabetes treatment and individualized diabetes care.

Deekshith Alladi is a senior software engineer and research scientist in the computer science department at Chicago State University. His work focuses on creating novel solutions to pressing healthcare issues, and he has a solid background in artificial intelligence and machine learning. Alladi has gained attention from his peers and the larger medical community for his commitment to using technology to improve patient care.

What is The AI-powered Insulin Navigator?

This AI-powered insulin navigator can easily integrate continuous glucose monitoring (CGM) devices with advanced machine learning models. The CGM sensors collect real-time data on a patient's blood glucose levels, transmitting this information to the AI system. The machine learning algorithms analyze the data, considering factors such as historical glucose patterns, dietary intake, physical activity, and even stress levels.

The system uses predictive analytics to forecast future glucose levels and dynamically adjusts insulin dosages accordingly. This proactive approach helps maintain blood glucose within the target range, minimizing the risk of hypoglycemia (dangerously low blood sugar) and hyperglycemia (excessively high blood sugar).

How Is Insulin Delivery Affected by Adaptive AI?

Alladi's adaptive AI-driven technology adopts an automated, real-time approach in contrast to conventional insulin delivery systems, which need patients to enter data and modify their own dosages manually. The system improves its predictions over time to provide the exact quantity of insulin required at any given time by continuously learning from the patient's glucose patterns and responses.

Observations in Patient Outcomes

1. Clinical evaluations of the AI-powered insulin navigator have demonstrated significant improvements in glycemic control among patients:

2. Reduction in HbA1c Levels: Patients experienced an average decrease of 1.2% in HbA1c, indicating better long-term glucose management.

3. Increased Time-in-Range (TIR): The proportion of time patients spent within the optimal blood glucose range improved by 25%, rising from 58% to 83%.

4. Fewer Hypoglycemic Episodes: There was a 42% reduction in weekly hypoglycemic events, enhancing patient safety and quality of life.

The success of this system lies in its ability to learn and adapt to each patient's unique physiological responses. Over time, the machine learning models refine their predictions and dosing recommendations, offering increasingly precise insulin delivery tailored to individual needs.

How AI-Powered Insulin Navigator Operates?

Advanced machine learning algorithms that gather and examine data from continuous glucose monitoring are at the heart of the AI-powered insulin navigator. Based on each patient's physiological reactions, the device automatically modifies insulin supply and forecasts glucose trends using real-time feedback. The AI adjusts the insulin dosage to suit each person's unique requirements as it gains knowledge from the data.

Important characteristics of the Insulin Navigator

1. Adaptive AI Learning: Learns from each patient's glucose trends, lifestyle choices, and even stress levels to continuously improve insulin dosage.

2. Real-Time Adjustments: Automatically modifies insulin dosages and forecasts changes in blood sugar.

3. Personalized Care: Offers a customized strategy for every patient, maximizing insulin administration according to specific requirements.

4. Minimization of Human Error: The method lowers the possibility of calculations going wrong and manual dosing errors by automating insulin control.

Improving Security and Mitigating Hazards

The system's design incorporates safety features. The AI navigator consists of:

1. Predictive alerts: Provides early indicators of approaching hypoglycemia or hyperglycemia that enable prompt treatment.

2. Automated precautions: Prevents insulin overdose and guarantees uninterrupted functioning even in the event of technical difficulties, known as fail-safe features.

3. Emergency Procedures: Notifying caregivers or healthcare professionals immediately if certain thresholds are crossed.

Together, these characteristics reduce the dangers connected to insulin administration, providing patients and medical professionals with peace of mind.

The system's capacity to learn and adjust to the distinct physiological reactions of every patient is what makes it so effective. The machine learning models provide more accurate insulin delivery suited to patients' needs as they improve their forecasts and dosage suggestions.

More extensive clinical trials and possible commercialization of the AI-powered insulin navigator are made possible by the promising outcomes of the preliminary research. According to Alladi, these sophisticated solutions will be commonplace in diabetic care in the future, easing the strain on patients and healthcare systems.

To read the full paper, visit https://www.researchgate.net/publication/384276340_NOVEL_ADAPTIVE_AI-POWER_INSULIN_NAVIGATOR_FOR_DIABETES_USING_MACHINE_LEARNING

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Boost Home Value and Comfort with an HVAC Upgrade This Fall

As the fall season begins, homeowners in the East Valley are presented with the ideal opportunity to upgrade their HVAC systems, preparing for the cooler months ahead.

Dukes of Air & Plumbing, serving Mesa, Gilbert, and the surrounding areas, emphasizes that upgrading to an energy-efficient HVAC system in October not only enhances home comfort but also increases property value—making it a smart investment before winter.

An outdated or inefficient HVAC system can lead to higher energy bills, uneven heating, and potential breakdowns during the colder months. By upgrading to a modern, energy-efficient system, homeowners can significantly improve their home's comfort while reducing monthly energy costs. These systems are designed to provide better airflow, quicker heating, and more precise temperature control, ensuring that every room in the house stays comfortable, even during temperature fluctuations.

Beyond comfort, an HVAC upgrade can increase the overall value of a property. Potential buyers often consider the age and condition of heating and cooling systems when evaluating a home. A newer, efficient HVAC system is an attractive selling point, as it reassures buyers that they won’t have to deal with costly repairs or replacements in the near future. In a competitive real estate market, this upgrade can set a home apart and lead to higher offers.

Energy-efficient HVAC systems also come with eco-friendly benefits. Many of today’s models are designed to reduce a home’s carbon footprint by using less energy and incorporating features such as programmable thermostats and zoning options. This not only helps homeowners save on utility bills but also contributes to a greener, more sustainable living environment.

Dukes of Air & Plumbing is ready to assist homeowners and business owners in Mesa, Gilbert, and the East Valley with HVAC upgrades that are tailored to their specific needs. Their team of skilled technicians can evaluate your current system and recommend the best options to ensure year-round comfort and energy savings.

With winter just around the corner, now is the perfect time to invest in an HVAC upgrade that adds lasting value to your home. please contact Dukes of Air & Plumbing at (480) 571-0974 or visit thedukesofair.com.

 

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Author's Tranquility Press Presents: AMIAS by Thomas Penn Johnson

Experience the Awakening of a Great Mind Through the Lens of Love and Justice

In AMIAS, Thomas Penn Johnson invites readers to step into the vibrant world of 1594 London, where the life of the renowned philosopher, writer, and political leader Francis Bacon is brought to life through the eyes of a young man on a profound journey. This captivating play captures the essence of personal discovery and the historical imagination that shaped one of history's most influential figures.

The story follows Amias, a passionate and determined character who embarks on a quest to reconnect with his long-lost lover, Francis Bacon. Amias seeks legal assistance for his employer, the exiled Portuguese Prince Don Antonio, who is in dire need of help. As Amias navigates the intricacies of the legal and political landscape, he finds himself entangled with the ambitious machinations of powerful figures who threaten their pursuit of justice.

While AMIAS is not a historical account, it skillfully weaves fact and fiction, offering readers a lifelike portrayal of Bacon's personal and social life. Through this exploration, Johnson reveals the struggles and triumphs faced by individuals in a tumultuous time, shedding light on the human experience that often lies concealed in the annals of history.

At its core, AMIAS delves into timeless themes of courage and love—forces that have inspired countless hearts throughout the ages. As Amias grapples with his own identity and desires, he discovers the strength that lies within, igniting a spark of bravery that resonates with readers today.

Join Amias on his poignant journey of self-discovery, love, and justice, and experience the enduring legacy of Francis Bacon and the era that shaped his extraordinary life.

About the Author

Thomas Penn Johnson is a gifted playwright and storyteller who draws inspiration from history to create rich narratives that captivate the imagination. Through AMIAS, he invites readers to reflect on the powerful themes of courage, love, and the quest for justice, encouraging us to connect with our own historical imaginations.

Available now on Amazon: AMIAS by Thomas Penn Johnson.

For media inquiries, please contact Author's Tranquility Press at www.authorstranquilitypress.com.

About Author's Tranquility Press

Author's Tranquility Press is a top publicity agency known for delivering innovative solutions designed to help writers across genres to reach a wider audience. The company combines the use of the latest technologies and the expertise and diverse experience of the team to provide quality, relatable content to as many people as possible, irrespective of their location across the globe.

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Why Regular Drain Cleaning Can Extend the Life of a Plumbing System

Routine drain cleaning is an essential aspect of maintaining the health and longevity of your home's plumbing system.

Dukes of Air & Plumbing, a trusted provider of plumbing services in Mesa, Gilbert, and the surrounding East Valley, emphasizes that regular drain cleaning can prevent buildup, reduce strain on pipes, and help homeowners avoid costly repairs or replacements down the road.

Over time, debris such as hair, soap scum, grease, and food particles can accumulate in drains, causing blockages and restricting the flow of water. When drains are not cleaned regularly, this buildup can put significant strain on the plumbing system, leading to problems like slow drainage, frequent clogs, and even pipe corrosion. These issues, if left untreated, can result in premature wear and tear on the pipes, reducing their overall lifespan.

By scheduling routine drain cleaning, homeowners can remove buildup before it becomes a major issue, allowing water to flow freely and preventing clogs from forming. This not only improves the efficiency of the plumbing system but also reduces the likelihood of emergency repairs caused by blockages or leaks. A well-maintained plumbing system experiences less stress and performs more efficiently, leading to fewer breakdowns and extending its useful life.

Dukes of Air & Plumbing also offers hydro jetting services, a powerful and highly effective solution for clearing out tough clogs and buildup. Hydro jetting uses high-pressure water to thoroughly clean the inside of pipes, removing even the most stubborn blockages. This service not only clears existing clogs but also helps prevent future issues by thoroughly cleaning the pipe walls, making it an excellent option for homes with recurring drain problems. By utilizing hydro jetting as part of a routine maintenance plan, homeowners can ensure their plumbing system remains in optimal condition for years to come.

In addition to improving the system’s longevity, regular drain cleaning can help prevent more serious issues, such as sewer line backups. When debris builds up in drains, it can eventually make its way into the sewer line, causing larger blockages that are much more difficult and expensive to resolve. Preventative cleaning services from Dukes of Air & Plumbing can address these problems early, saving homeowners from major disruptions and costly repairs.

For homeowners in Mesa, Gilbert, and the East Valley, investing in regular drain cleaning can offer long-term benefits by maintaining a more efficient, reliable plumbing system. Dukes of Air & Plumbing provides expert drain cleaning services designed to keep homes running smoothly while extending the lifespan of vital plumbing components.

For more information about Dukes of Air & Plumbing services or to schedule a consultation, visit thedukesofair.com or contact (480) 571-0974.

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Concentrated Solar Power Market Report 2024 by Technology (Parabolic Trough, Linear Fresnel, Dish, Power Tower)

The global concentrated solar power market size reached US$ 6.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.

Summary: 

• The global concentrated solar power market size reached USD 6.3 Billion in 2023.
• The market is expected to reach USD 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.
• Asia Pacific leads the market, accounting for the largest concentrated solar power market share.
• Parabolic trough accounts for the majority of the market share in the technology segment due to its established efficiency, cost-effectiveness, and extensive use in large-scale solar power projects. 
• Utility holds the largest share in the concentrated solar power industry.
• The rising emphasis on hybrid concentrated solar power (CSP) systems is a primary driver of the concentrated solar power market.
• The progress in thermal energy storage technologies is propelling the concentrated solar power market.

 

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Industry Trends and Drivers: 

• Increasing Focus on Hybrid Concentrated Solar Power (CSP) Systems:

A growing trend in the concentrated solar power (CSP) market is the integration of hybrid systems that combine CSP with other renewable energy sources, such as photovoltaic (PV) solar or wind power. Hybrid CSP systems leverage the strengths of different renewable technologies to provide more reliable and continuous energy generation. While CSP systems can store thermal energy to generate electricity even after sunset, combining them with PV solar panels or wind turbines helps optimize energy production during daylight hours or when wind resources are available. This trend is particularly relevant as countries look for more stable renewable energy solutions to meet grid demands. Hybrid CSP systems are increasingly being adopted in regions with high solar irradiance and variable grid demands, as they offer more flexibility and resilience compared to stand-alone CSP or PV systems. Additionally, advancements in thermal energy storage technologies are further enhancing the efficiency and output of these hybrid setups. As energy grids around the world continue to transition toward higher shares of renewable energy, the demand for hybrid CSP systems is expected to grow, offering a reliable solution to the intermittency challenges that renewable energy often faces.

 

• Technological Advancements in Thermal Energy Storage:

Another significant trend shaping the CSP market is the development of advanced thermal energy storage (TES) systems, which are crucial for improving the efficiency and reliability of CSP plants. TES allows CSP systems to store excess heat generated during peak sunlight hours and release it later to produce electricity, enabling continuous power generation even when the sun is not shining. Innovations in materials used for heat storage, such as molten salts and phase-change materials, are enhancing the energy retention and discharge capabilities of TES systems. These advancements are making CSP plants more competitive with other renewable technologies, as they can provide a consistent and dispatchable energy source that aligns more closely with grid demands. Additionally, improved TES technologies are enabling CSP plants to operate at higher temperatures, which increases the overall efficiency and electricity output of the system. As the demand for renewable energy sources that can provide consistent power grows, technological advancements in TES are likely to play a critical role in the future expansion of the CSP market. This trend is particularly important for regions with high solar potential, as it enables CSP plants to maximize energy generation and contribute more reliably to the grid.

 

• Increasing Deployment of CSP Projects in Emerging Markets:

The concentrated solar power market is also witnessing an increasing deployment of projects in emerging markets, particularly in regions with abundant solar resources such as the Middle East, North Africa, and parts of Latin America. As many emerging economies face rising energy demands, governments are turning to CSP as a solution to diversify their energy mix and reduce dependence on fossil fuels. The ability of CSP systems to generate power and store energy for later use is especially attractive for countries with growing populations and industrial activity that require a stable and reliable electricity supply. Additionally, international investments and partnerships are playing a key role in driving the adoption of CSP in these regions. Global financial institutions and renewable energy companies are providing funding and expertise to support the construction and operation of large-scale CSP plants, further accelerating the growth of this technology in emerging markets. For example, countries such as Morocco and the United Arab Emirates have become leaders in CSP deployment, with large-scale projects that showcase the potential of this technology to address energy needs while reducing carbon emissions. This trend is expected to continue as more emerging economies recognize the benefits of CSP in achieving energy security and sustainability goals.

 

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

• Parabolic Trough
• Linear Fresnel
• Dish
• Power Tower

Parabolic trough accounts for the majority of shares due to its proven efficiency, lower costs, and widespread use in large-scale solar power plants.

 

Breakup by Application:

• Utility
• EOR
• Desalination
• Others

Utility exhibits a clear dominance as CSP systems are predominantly used for large-scale power generation to supply electricity to the grid.

 

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific holds the leading position owing to a large market for concentrated solar power driven by the region's high solar irradiance, rapidly increasing energy demand, and government investments in renewable energy infrastructure.

 

Top Concentrated Solar Power Market Leaders:

• Aalborg CSP A/S
• Abengoa
• Acciona
• ACWA Power
• BrightSource Energy, Inc.
• Chiyoda Corporation
• Enel Spa
• INITEC Energía
• Siemens Energy (Siemens AG)
• Soltigua S.r.l.

 

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Smart Glasses Market worth $4,129.3 Million by 2030, at a CAGR of 29.4%

Smart Glasses Market

The global Smart Glasses Market in terms of revenue is estimated to be worth $878.8 million in 2024 and is poised to reach $4,129.3 million by 2030, growing at a CAGR of 29.4% during the forecast period.

The report "Smart Glasses Market by Monocular & Binocular Glasses, Monochrome, Full-color Display, Photochromic, Electrochromic, Polymer-Dispersed Liquid Crystals (PLD), Suspended Particles Device, Gaming, Remote Inspection, Telemedicine - Global Forecast to 2030" The global smart glasses industry is projected to reach USD 4,129.3 million by 2030 from USD 878.8 million in 2024; it is expected to grow at a CAGR of 29.4%.

Key factors propelling the market growth include the rapid technological advancements, increased demand for AR smart glasses, and growing adoption in the industrial sector. Moreover, developments in 5G technologies, and consumer market expansion are expected to create significant opportunities for the smart glasses industry. Regulatory constraints, safety concerns and continuously changing consumer preferences are expected to be restraining factors for the smart glasses industry. Technical limitations such as the need for miniaturized components for smart glasses considering their smaller sizes are expected to create challenges for the smart glasses industry. Increasing technological advancements in display technology, sensor technology, and processors are expected to drive market growth. Furthermore, the ability to offer an immersive and more interactive experience is enabling the growth of AR and MR smart glasses adoption. Demand for advanced MR smart glasses in industries such as manufacturing, warehousing, and healthcare for training of employees, and remote assistance is also driving the growth of the smart glasses industry.

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Browse 181 market data Tables and 75 Figures spread throug 261 Pages and in-depth TOC on "Smart Glasses Market"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/smart-glasses-market-148134046.html

Smart Glasses Market Segmentation

Monocular smart glasses segment to grow at a significant CAGR during the forecast period.

Monocular smart glasses are expected to grow at a significant CAGR during the forecast period, driven by enhanced performance and safety features. Monocular smart glasses are generally light and compact, thus enhancing comfort during extended-use conditions. It is used in logistics, maintenance, and field services where hands-free information is needed. These monocular smartglasses increase efficiency and accuracy while reducing the margins of error by overlaying data and instructions directly on the user's display to make guidelines and handbooks accessible to engineers and field personnel while working on the field.

Basic smart glasses segment to grow at significant CAGR between 2024 and 2030.

Faster adoption in the consumer sector for listening to music and attending phone calls hands-free is set to boost basic smart glasses growth. Basic smart glasses have with built-in audio systems that enable users to listen to music, take phone calls, and receive audio notifications. These features enable users to directly listen to the audio content through the smart glasses and eliminate the use of external earphones. With the use of such smart glasses, users can enjoy their favorite tunes without wires; and they can manage voice calls because hands-free communication is facilitated with integrated microphones. Users get navigation instructions through real-time audio guidance. Using these glasses, users can also listen to audiobooks and podcasts because the facility of immersive listening experiences on the go is offered.

Automotive segment to grow at a significant CAGR during forecast period.

The automotive sector uses smart glasses to speed car maintenance and increase driving safety. With features like hands-free operation, augmented reality navigation, and real-time data presentation, these devices improve driving safety and efficiency. Smart glasses with augmented reality capabilities can assist mechanics with vehicle maintenance. When a mechanic stares at a specific location of an automobile, for instance, the smart glasses can display a digital overlay with torque settings, repair directions, and technical details. This feature significantly reduces the time required for diagnosis and repairs and speeds up the repair process by providing fast access to critical information.

Smart Glasses Market Regional Analysis

Europe region is likely to offer significant growth oppportunities in the global smart glasses industry during the forecast period.

Technological advancements in AR and VR technologies, growing demand from gaming and entertainment, integration with consumer electronics devices, and demand from industries such as healthcare are expected to be the drivers for the smart glasses industry in the European region.

The increasing adoption in the German automotive industry for improving efficiency, quality, and safety across the industry, rising demand from healthcare, education & research in UK, and increasing demand from tourism and presence of some of large smart glasses manufacturers in France are the significant drivers for European smart glasses industry . 

Some of the key players in the smart glasses industry include Meta (US), EssilorLuxottica (France), Seiko Epson Corporation (Japan), Amazon.com, Inc. (US), TCL Electronics Holdings Limited  (China), Vuzix (US), Lenovo (China), LUCYD EYEWEAR (US),  Xiaomi (China), and Huawei Investment & Holding Co., Ltd. (China).

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Urea Prices Report 2024, Chart, News, Index, Demand and Forecast

Urea Prices 2024 Forecast Report

in the U.S. urea prices experienced a decline, primarily due to a blend of moderate demand and logistical issues.

Urea Prices Analysis:

United State: 470 USD/MT

China: 350 USD/MT

Europe: 410 USD/MT

Urea prices in the USA were$470 per metric ton. In the fourth quarter of the last year, U.S. urea prices experienced a decline, primarily due to a blend of moderate demand and logistical issues.

The latest IMARC Group report, "Urea Pricing Report 2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," presents a detailed analysis of urea price trend, offering key insights into global market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines urea demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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• Monthly Updates: Annual Subscription
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The study examines the key factors driving urea price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analyzing these elements, the report offers valuable insights into the underlying causes of price fluctuations, helping businesses and investors understand market behavior more effectively.

In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the urea market and optimize future strategies.

Urea Price Trend: Last Quarter-

The global urea market is primarily driven by the increasing demand for nitrogen-based fertilizers to enhance crop yields amid a growing global population. As reported by the World Economic Forum, about half of the world's food production relies on mineral fertilizers, with urea being a critical component due to its high nitrogen content. The expansion of biofuel production, which requires substantial amounts of nitrogen-based fertilizers for growing feedstock, further propels this demand.

Additionally, advancements in urea production technologies have improved yields and reduced costs, making it more economically viable. Precision agriculture, which utilizes fertilizers efficiently to maximize crop output, also boosts the market for urea. Government policies and subsidies aimed at supporting agricultural sectors across various countries further facilitate the adoption of efficient fertilizers like urea. Innovations such as slow-release and stabilized urea formulations are enhancing nitrogen utilization and minimizing environmental impacts, thereby supporting market growth.

Moreover, the versatile applications of urea in industries such as pharmaceuticals and automotive for diesel exhaust fluids broaden its market scope.

Urea Price Influences by Region:

USA: In the USA, urea prices in the last quarter of 2023 experienced a downturn due to moderate demand and logistical challenges. Water shortages led to cautious buying behaviors, resulting in congestion in major shipping lanes and increased inventory levels. Despite a strong domestic fertilizer market, issues related to security and rerouting of exports contributed to potential surpluses, impacting prices negatively.

China: Urea prices in China showed a complex pattern due to an initial oversupply and weak demand, which caused prices to decline. This situation reversed as production costs climbed due to rising feedstock prices. Logistical issues, such as increased freight charges from rerouted shipping lanes to address security concerns, also influenced the price dynamics. Despite these fluctuations, the demand within China's substantial fertilizer industry remained relatively subdued post-planting season.

Europe: The European urea market saw mixed price movements, initially rising due to supply shortages from production cutbacks and facility shutdowns by major producers. However, this upward trend was short-lived as demand within Europe weakened and trade uncertainties grew. Adverse weather conditions further depressed the purchasing behavior, leading to a decline in urea prices as expectations for demand in the upcoming planting season remained low.

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

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Online Travel Market Size Projected to Reach USD 512.5 Billion by 2032, Growing at a 10.4% CAGR

Online Travel Industry

 

Summary:

• The global online travel market size reached USD 512.5 Billion in 2023.
• The market is expected to reach USD 1,267.1 Billion by 2032, exhibiting a growth rate (CAGR) of 10.4% during 2024-2032.
• North America leads the market, accounting for the largest online travel market share.
• Travel accommodation accounts for the majority of the market share in the service type segment due to the increasing demand for diverse lodging options, including hotels, vacation rentals, and hostels.
• Desktop holds the largest share of the online travel industry.
• Direct travel suppliers remains a dominant segment in the market, as airlines and hotel chains direct booking, often offer better prices and exclusive deals.
• 32-43 years represents the leading age group segment.
• The growing internet penetration is a primary driver of the online travel market.
• The increasing smartphones popularity and the growing social media influence are reshaping the online travel market.

 

Industry Trends and Drivers:

 

• Increased Internet Penetration:

The rapid expansion of internet access, particularly in developing nations, has transformed how consumers plan and book their travel experiences. Additionally, with the internet now more accessible, even in remote areas, individuals can easily research travel destinations, compare prices, read reviews, and book accommodations or flights from the comfort of their homes. This accessibility has democratized travel, making it possible for more people to explore international and domestic destinations. Moreover, online travel agencies (OTAs) and price comparison websites provide a transparent platform where users can find the best deals, plan itineraries, and customize their travel experiences. This ease of access has broadened the customer base for travel companies and increased competition in the industry, encouraging businesses to innovate and offer more personalized, convenient, and cost-effective solutions.

• Rising Smartphones Popularity:

Smartphones have revolutionized the way people engage with travel services, offering unprecedented convenience and flexibility. Additionally, with the proliferation of mobile apps and the ability to access the internet on the go, travelers can now book trips anytime, anywhere. Whether it’s last-minute flights, hotel reservations, or car rentals, mobile devices enable users to complete bookings within minutes. This convenience has spurred the rise of mobile-first travel platforms, where users can manage all aspects of their travel, including itineraries, payments, and boarding passes, directly from their smartphones. Moreover, travel companies have recognized the potential of this mobile-driven trend, investing heavily in user-friendly apps that enhance customer experience. Besides, smartphones have allowed for real-time updates on flight status, local attractions, and weather, helping travelers stay informed and adaptable throughout their journey. As smartphone adoption continues to grow globally, the travel industry is becoming more agile, offering tailored services that meet the demands of modern, tech-savvy travelers.

• Growing Social Media Influence:

Social media has become a powerful force in shaping travel decisions, with platforms like Instagram, TikTok, and YouTube playing a significant role in inspiring travelers to explore new destinations. Additionally, influencers, travel bloggers, and everyday users share visually appealing content that sparks wanderlust, showcasing picturesque landscapes, unique cultures, and off-the-beaten-path locations. Moreover, the shareability of travel experiences on these platforms fuels curiosity and often leads to spontaneous trip bookings. Besides, travel companies have leveraged this trend by partnering with influencers and promoting user-generated content to reach a wider audience. Along with this, social media algorithms also help tailor travel content to users' interests, enhancing the likelihood of engagement and trip bookings. Apart from this, platforms provide real-time feedback and reviews, influencing decisions on accommodations, tours, and attractions across the globe.

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Online Travel Market Report Segmentation:

Breakup By Service Type:

• Transportation
• Travel Accommodation
• Vacation Packages

Travel accommodation represents the largest segment due to the increasing demand for diverse lodging options, including hotels, vacation rentals, and hostels.

Breakup By Platform:

• Mobile
• Desktop

Desktop accounts for the largest market share, due to the larger screen size and ease of navigating several options.

Breakup By Mode of Booking:

• Online Travel Agencies (OTAs)
• Direct Travel Suppliers

Direct travel suppliers dominates the market growth, as airlines and hotel chains direct booking, often offer better prices and exclusive deals.

Breakup By Age Group:

• 22-31 Years
• 32-43 Years
• 44-56 Years
• Above 56 Years

32-43 years holds the largest market share, as they have greater disposable income and travel experience.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

 

North America holds the leading position owing to a large market for online travel driven by strong economy, high internet penetration, and established travel infrastructure across the region.

Top Online Travel Market Leaders:

• Expedia Group Inc.
• Fareportal Inc.
• Hostelworld Group plc
• HRS
• Hurb
• MakeMyTrip Pvt. Ltd.
• priceline.com LLC (Booking Holdings Inc.)
• Thomas Cook India Ltd. (Fairfax Financial Holdings Limited)
• Tripadvisor Inc.
• Yatra.com

 

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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Edge Computing Market Size to Hit USD 90.3 Billion in 2032 | With a 24.35% CAGR

The global edge computing market size reached US$ 14.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.3 Billion by 2032, exhibiting a growth rate (CAGR) of 24.35% during 2024-2032.

Summary: 

• The global edge computing market size reached USD 14.7 Billion in 2023.
• The market is expected to reach USD 90.3 Billion by 2032, exhibiting a growth rate (CAGR) of 24.35%  during 2024-2032.
• North America leads the market, accounting for the largest edge computing market share.
• Hardware accounts for the majority of the market share in the component segment due to the high demand for edge devices and infrastructure needed to support local data processing.
• Large enterprises hold the largest share in the edge computing industry.
• Energy and utilities remain a dominant segment in the market as edge computing supports real-time monitoring and control in essential infrastructure, including smart grids and energy distribution networks.
• The growing integration of 5G with edge computing is a primary driver of the edge computing market.
• The expansion of edge AI and machine learning applications is propelling the edge computing market.

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Industry Trends and Drivers: 

• Increased Adoption of 5G and Edge Computing Integration:

One of the most significant trends in the edge computing market is the growing integration with 5G networks. As 5G deployment accelerates worldwide, edge computing is becoming a crucial component of this infrastructure, enabling faster data processing and real-time analytics. 5G networks support low latency and high bandwidth, making them ideal for edge computing applications that require immediate data processing, such as autonomous vehicles, smart cities, and industrial automation. The synergy between 5G and edge computing allows for data to be processed closer to the source, reducing the need to send large amounts of information to centralized data centers. This trend is particularly beneficial for industries that rely on real-time decision-making and require instantaneous data insights. Telecom providers are increasingly incorporating edge computing nodes into their 5G infrastructure to enhance network efficiency and reduce latency. As a result, the combination of 5G and edge computing is expected to unlock new possibilities for IoT devices, AI-driven applications, and immersive technologies like AR/VR. This growing integration is shaping the future of digital infrastructure by providing faster, more responsive, and scalable solutions.

• Growth of Edge AI and Machine Learning Applications:

Another emerging trend in the edge computing market is the rise of edge AI, where artificial intelligence and machine learning (ML) algorithms are processed directly at the edge, closer to the data source. Edge AI enables real-time data analysis without relying on cloud-based systems, which can introduce latency and bandwidth challenges. This trend is being driven by the growing need for instantaneous decision-making in sectors like healthcare, manufacturing, and autonomous systems. For instance, in healthcare, edge AI allows medical devices to process patient data in real time, enabling more accurate and timely diagnoses. In manufacturing, smart factories are utilizing edge AI to monitor production lines, detect anomalies, and make adjustments in real time without needing constant cloud connectivity. The increased demand for IoT devices with AI capabilities, coupled with advancements in hardware like edge-specific processors, is fueling this trend. Companies are investing in edge AI solutions that bring computational power closer to where data is generated, improving efficiency and reducing reliance on centralized cloud computing. The shift toward edge AI is transforming industries by enabling more responsive, autonomous operations that are not dependent on high-speed internet connections.

• Edge Computing in Industrial IoT and Automation:

The integration of edge computing with Industrial Internet of Things (IIoT) and automation is another significant trend reshaping the market. In industrial settings, such as manufacturing plants, energy grids, and logistics, the ability to process data at the edge is critical for optimizing performance and minimizing downtime. Edge computing allows data from IoT sensors and devices to be analyzed locally, enabling faster responses to changes in operational conditions. This real-time processing is particularly valuable for predictive maintenance, where equipment health is monitored continuously to detect potential failures before they occur. Additionally, edge computing supports automation in industrial environments by reducing the time it takes to execute control decisions, thereby increasing efficiency and productivity. In industries like oil and gas, smart grids, and autonomous logistics, edge computing plays a pivotal role in managing vast amounts of data generated by connected devices. It helps reduce bandwidth costs and ensures that critical operations are not disrupted due to latency issues from centralized data processing. The trend of integrating edge computing with industrial automation is expected to grow as companies seek more reliable and scalable solutions for managing and analyzing data at the edge, ensuring optimal performance and resource efficiency in highly complex environments.

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The report has segmented the market into the following categories:

Breakup by Component: 

• Hardware
• Software
• Services

Hardware accounts for the majority of shares due to the high demand for edge devices and infrastructure needed to support local data processing.

Breakup by Organization Size:

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Large enterprises dominate the market as they are early adopters of edge computing technologies to enhance scalability, security, and real-time decision-making across complex operations.

Breakup by Vertical:

• Manufacturing
• Energy and Utilities
• Government and Defense
• BFSI
• Telecommunications
• Media and Entertainment
• Retail and Consumer Goods
• Transportation and Logistics
• Healthcare and Life Sciences
• Others

Energy and utilities represent the majority of shares as edge computing enables real-time monitoring and control in critical infrastructure like smart grids and energy distribution.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America holds the leading position owing to a large market for edge computing driven by advanced technological adoption, significant investments in edge computing, and the presence of key industry players.

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Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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Isobutyric Acid Market Size, Trends, Market Drivers, Restraints, Opportunities, And Key Industry Developments with Global Forecast

Browse 197 market data Tables and 47 Figures spread through 184 Pages and in-depth TOC on "Isobutyric Acid Market

The Isobutyric Acid industry is seeing a steady rise in demand, driven by its applications in food, pharmaceuticals, and chemical production. With its utility in flavors, fragrances, and as an intermediate in various compounds, the market is projected to grow. Innovations in production methods and the rising focus on sustainable solutions are set to further enhance its demand across diverse sectors.

The isobutyric acid market is projected to grow from USD 180 million in 2023 to USD 269 million by 2028, at a CAGR of 8.3% from 2023 to 2028. Isobutyric acid is a branched fatty acid and has the appearance of a colorless liquid with a faint unpleasant butter odor. It can be manufactured synthetically with petroleum-based feedstocks as raw materials or through the biosynthesis of glucose/ starch. 

Isobutyric Acid Companies

Companies such as OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China) fall under the winners’ category. These are leading players in the isobutyric acid market, globally. These players have adopted the strategies of mergers, investments, acquisitions, expansions, partnerships, contracts, agreements, and joint ventures to increase their market shares.

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OQ Chemicals GmbH

OQ Chemicals is a German-based manufacturer of oxo performance chemicals and oxo intermediates, comprising more than 70 products, such as carboxylic acids, specialty esters, polyols, alcohols, and amines. One of the biggest end markets for oxo chemicals is the coatings business. The company offers products for a variety of industrial sectors including personal care, flexible packaging, lubricants and functional fluids, and paints & coatings. It has manufacturing facilities at six locations namely Bishop, Bay City, Amsterdam, Marl, Oberhausen, and Nanjing. The company has a strong focus on strategic developments such as mergers and expansions.

Eastman Chemical Company

Eastman Chemical Company is a multinational specialty chemical firm that creates a wide variety of innovative materials, functional additives, specialty chemicals, and fibers which are used in everyday products. The company has strategically located manufacturing centers in the Asia Pacific, North America, Europe, Middle East & Africa, and Latin America which further strengthens its customer base and revenue generation capacity. Eastman Chemical Company has a strong focus on sustainability and aims at implementing several initiatives to reduce their environmental footprint. The company emphasizes development of sustainable products and processes, waste reduction, and resource conservation.

Tokyo Chemical Industry Co., Ltd

Tokyo Chemical Industry Co., Ltd. is a leading manufacturer of specialty chemicals. TCI offers an wide range of over 30,000 products, including analytical reagents, biochemicals, organic and inorganic chemicals, and pharmaceutical ingredients. The company has manufacturing facilities in Japan and the US. TCI caters to different industries including research institutions, pharmaceuticals, electronics, biotechnology, and academia. They are known for providing high-quality chemicals and reagents to meet the needs of scientists, researchers, and professionals in the field. The company has established its geographical reach in Europe, Asia Pacific, and North America. It also has a distribution center in India.

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Snowco

Snowco is a Chinese-based provider of natural flavoring ingredients for the food & beverage, cosmetic, and personal care industries. The company has manufacturing facilities in China. It is also present in Hangzhou, Hong Kong, and London. It has a strong focus on natural flavoring ingredients for personal care, food & beverages, and cosmetic industries. The company has a presence in China, which is a major market in the Asia Pacific isobutyric acid market. It offers isobutyric acid products applicable for the flavor & fragrance industry.

Shanghai Aladdin Biochemical Technology Co., Ltd.

Shanghai Aladdin Biochemical Technology Co., Ltd. is a chemical company based in Shanghai, China.. The company operates a 64,000 square metre R&D and production facility, in Shanghai. Additionally, it operates cutting-edge logistics warehouses in East China, North China, South China, and Southwest China. The company has established nearly 10,000 different high-purity reagent analysis method systems, including chromatography, pesticide residue, gas chromatography, and cell biology, among others.

By end-use, the animal feed segment accounted for the largest market share in 2022, by volume.

The animal feed segment, by end-use, accounted for the largest share of isobutyric acid market owing to its contribution in feed efficiency and growth performance. The factors which influence the use of isobutyric acid in animal feed include diet composition, specific animal species, and regional regulations. There is a strong focus on R&D to highlight the potential benefits of isobutyric acid in animal feed, which further strengthens the growth of this segment.

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Europe was the second largest region in the isobutyric acid market in 2022, by volume.

The growing processed food and pharmaceutical sectors in European countries are expected to propel the demand for isobutyric acid. The feed industry in Europe is one of the largest across the globe, which increases the growth opportunities for isobutyric acid market.  Germany is one of the largest markets for isobutyric acid in Europe. The growing food industry and the presence of strong pharmaceutical sector in the country contributes to the growth of isobutyric acid market, which further fuels the European market.

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