Battery Electrolyte Market Size is Projected to Reach USD 31.65 Billion by 2033, Growing at a CAGR of 11.69%: Straits Research
New York, United States , Nov. 12, 2024 (GLOBE NEWSWIRE) — A battery is a chemical energy reserve that can be converted into electrical energy. Battery electrolyte, also called battery acid due to its acidic nature, is a combination of water and sulfuric acid that serves as the liquid component of most automotive batteries. The anode and cathode are the other two primary parts. The electrolyte in a battery transfers current between the anode and cathode. Industries as diverse as transportation and energy storage, consumer electronics, and electric vehicle (EV) batteries find uses for batteries in various products and environments, including the household.
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Market Dynamics
Increasing demand for electric vehicles drives the global market
In the early years of the battery market, the consumer electronics sector accounted for most battery purchases. But as EV sales have increased recently, EV manufacturers have become the biggest consumers of batteries. As they do not produce CO2, NOX, or any other greenhouse gases, electric vehicles (EVs) have a lower environmental impact than conventional internal combustion engine (ICE) vehicles. This benefit has led numerous nations to introduce subsidies and other government measures to promote the widespread adoption of EVs. Several countries want to limit soon the export of internal combustion engine (ICE) automobiles. In-Cylinder Engine (ICE) vehicles will be banned from sale in Norway, France, and the United Kingdom by 2025.
By 2030, India also wants to phase out internal combustion engines, and China is currently researching alternatives. But starting in 2019, no country will be able to forbid traditional fuel-powered vehicles because the EV market and technology might not be ready for such a move, which could seriously disrupt the market. However, upcoming announcements have compelled EV manufacturers to boost their R&D spending. In EVs, lithium-ion batteries are frequently used. Due to falling lithium-ion battery costs, EV manufacturing costs have decreased, and by 2025, EVs are predicted to be priced similarly to gasoline-powered vehicles.
Technological advancements in the market create tremendous opportunities
Solid-state batteries are a paradigm shift in terms of technology. Ions move from one electrode to another across the liquid electrolyte in modern lithium-ion batteries. A solid material that allows lithium ions to move around inside replaces the liquid electrolyte in all-solid-state batteries. The first notable advantage is that solid electrolytes are not flammable when heated, unlike their liquid counterparts. Furthermore, it makes it possible to use cutting-edge, high-voltage, high-capacity materials, leading to denser, lighter batteries with longer shelf lives due to reduced self-discharge. They also provide extra advantages at the system level, such as simplified mechanics and thermal and safety management, which creates a lot of opportunities for the market under investigation.
Regional Analysis
North America has developed into one of the world’s economic powerhouses due to the close economic integration of the markets in the United States, Canada, and Mexico. The United States and Canada are part of the region known as North America, which continues to be the global leader in battery market research and innovation. North America continues to be one of the top regions for the consumption of battery electrolytes for both primary and secondary batteries due to the increased use of electric vehicles, increased spending on consumer electronics, and increased consumer and manufacturing activities. Investments in battery technology for more efficient electrolytes and electrodes for longer duration and higher ion exchange to reduce charging times are a few additional factors that support the growth of the electrolyte market during the forecast period.
In Europe, batteries are used far more frequently, from energy storage devices to electric cars. Lithium-ion batteries are expected to dominate the region among all other batteries because of their extensive range of uses in various applications, including electric vehicles, energy storage systems in solar PV projects, and consumer electronics. The market for lithium-ion batteries will be worth EUR 250 billion by 2025. Lead-acid batteries are another type of battery that has been used continuously in Europe for a long time. These batteries have improved technologically, including lower resistance constructions, advanced additives to the active materials, and increased power output. Enhanced processes and automation are assisting in further cost reduction. The cycle life will be improved through design tweaks like newly enhanced corrosion-resistant alloy materials and innovative battery management. Several significant factors, such as the rising use of electric vehicles, the abundance of data centers, the installation of energy storage systems in solar projects, and the growth in the manufacturing and consumer electronics sectors, have contributed to the expansion of the market for batteries and battery electrolytes.
Key Highlights
- The global battery electrolyte market size was valued at USD 11.70 billion in 2024 and is expected to reach from USD 13.07 billion in 2025 to USD 31.65 billion by 2033, growing at a CAGR of 11.69% during the forecast period (2025–2033).
- Based on battery types and their electrolyte type, the global battery electrolyte market is bifurcated into lead-acid, lithium-ion, and flow batteries.
- Based on the end-user, the global battery electrolyte market is bifurcated into electric vehicles, energy storage, and consumer electronics.
Competitive Players
- 3M Co.
- NEI Corporation
- Guangzhou Tinci Materials Technology Co. Ltd
- Mitsubishi Chemical Corporation
- Mitsui Chemicals Inc.
- NOHMs Technologies Inc.
- Shenzhen Capchem Technology Co. Ltd
- Targray Industries Inc.
Recent Developments
- February 2023– NCKU Researchers developed Electroless Plating Method in order to create Nickel-Plated Sulfur Cathode to Power High-capacity and low-cost batteries.
- January 2022– According to NEI Corporation, customers could order from a wider variety of cathode, anode, and solid electrolyte materials for lithium-ion and sodium-ion batteries. The business, a pioneer in creating, producing, and distributing specialty materials, had long been the go-to supplier of custom powders, dispersions of particles in liquids and polymers, and electrodes cast on metal foil.
Segmentation
- By Battery Types and their Electrolyte Type
-
- Lead Acid
- Lithium-Ion
- Flow Battery
- By End-User
-
- Electric Vehicle
- Energy Storage
- Consumer Electronics
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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About Straits Research Pvt. Ltd.
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Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
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ELISA Analyzers Market Size Forecast to Hit USD 960.7 Million by 2031, Growing at a CAGR of 5.9%| Says Transparency Market Research, Inc.
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Nov. 12, 2024 (GLOBE NEWSWIRE) — The ELISA analyzers market was valued at US$ 574.7 million in 2022. Between 2023 and 2031, it is expected to expand at a CAGR of 5.9% and surpass US$ 960.7 million during the forecast period. The development of technology could lead to ELISA analyzers that are more sophisticated and efficient. Faster analysis times, improved automation, and enhanced sensitivity could increase adoption.
ELISA (Enzyme-Linked Immunosorbent Assay) is widely used in the medical field and in pharmaceutical research, among other fields. Researchers in these fields may expand the use of ELISA analyzers as their research expands. Point-of-care diagnostic testing has become more prevalent, as there is a general trend toward decentralization in diagnostic testing. It could open up new opportunities and increase demand for ELISA analyzers by improving their portability and compactness.
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There is a growing need for sophisticated diagnostic tools such as ELISA analyzers as researchers continue to search for biomarkers in fields such as immunology, cancer biology, and infectious diseases. As regulations change or quality standards are introduced, ELISA analyzers may change. Multiplex ELISA assays are becoming increasingly popular because they provide data that are more comprehensive by measuring multiple analyzers simultaneously. By multiplexing, sample volumes can be conserved and testing times can be reduced.
Global ELISA Analyzers Market: Key Players
As leading players seek to strengthen their positions, they launch new products, merge with other companies, form partnerships, and collaborate with other companies. These companies follow the latest trends in the ELISA analyzers market for lucrative revenue opportunities.
- Bio-Rad Laboratories Inc.
- Merck KGaA
- Thermo Fisher Scientific
- Dynex Technologies Inc.
- Grifols, S.A.
- Tecan Group Ltd.
- Monobind
- Transasia Bio-Medicals
- MeCan Medical Equipment
- CTK Biotech
Key Developments
- In March 2023, Transasia-Erba pathology laboratory was inaugurated along with its 75-bed tertiary care hospital under the leadership of Padmabhushan Amir Khan. As part of their social responsibility, Transasia donated Erba analyzers located in Satara, Maharashtra, the Bel-Air Super Specialty Hospital is the latest state-of-the-art hospital of the Indian Red Cross Society.
- In November 2023, DYNEX Technologies launched the Agility Integra, a top-of-the-line laboratory diagnostic equipment. Biotechnology and pharmaceutical industries get an accurate, speedy, and flexible ELISA system. In addition to meeting FDA Regulation 21 CFR Part 11, this high-throughput system provides improved software functionality.
Key Findings of the Market Report
- North America dominated the global industry for ELISA analyzers in 2022.
- In terms of end-users, pharmaceutical & biotechnology companies dominated the market for ELISA analyzers in 2022.
- Based on application, drug development led the global ELISA analyzers market in 2022.
- In terms of product type, automated ELISA analyzers held the majority of the global ELISA analyzers market share in 2022.
Global ELISA Analyzers Market: Growth Drivers
- Wide ranges of diseases are detected using ELISA analyzers, including autoimmune disorders, infectious diseases, and cancers. These diseases are causing an increase in the use of ELISA analyzers, which are crucial for diagnostics.
- In the ELISA industry, technological advances, such as high-throughput and automated ELISA analyzer development, can contribute significantly to its growth. With these innovations, ELISA tests can be more efficient, reduce turnaround times, and increase overall performance.
- Biotechnology, pharmaceuticals, and life sciences research and development can boost ELISA demand. A biomarker, drug development, and other applications of these instruments are necessary in research laboratories. Implementing screening programs and public awareness of early disease detection can increase the demand for diagnostic tools such as ELISA analyzers.
- Chronic diseases like diabetes, cardiovascular disorders, and chronic liver disease may increase the demand for diagnostic tests, such as ELISAs. Decentralized diagnostic solutions and point-of-care testing may impact the ELISA analyzer market. Rapid ELISA analyzers that are portable and easy to use can be found in various healthcare settings.
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Global ELISA Analyzers Market: Regional Landscape
- ELISA Analyzers are expected to be in high demand in North America. Infections and the use of immunoassays in diagnosis have led North America to hold a dominant position in the global ELISA analyzer market. ELISA products with higher technological standards, favorable reimbursement scenarios, and rising chronic disease prevalence can all contribute to this growth.
- Companies are entering the ELISA analyzers market in North America due to an increase in chronic and infectious diseases. For instance, the World Health Organization (WHO) estimated that 38.4 million people worldwide live with HIV by the end of 2021.
- Dengue cases registered by the Pan American Health Organization (PAHO) in the Americas totaled 2,141,240 by August 2022. As a result, infectious diseases triggered an increase in ELISA testing, increasing the demand for ELISA analyzers and driving market growth.
Global ELISA Analyzers Market: Segmentation
By Product Type
- Automated ELISA Analyzers
- Semi-automated ELISA Analyzers
By Application
- Drug Development
- Clinical Diagnosis
- Others
By End User
- Diagnostic Laboratories
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Brain Health Supplements Market Size to Exceed USD 11.4 billion by 2031, at a CAGR of 6.4 %| States Transparency Market Research, Inc.
Wilmington, Delaware, United States, Transparency Market Research, Inc., Nov. 12, 2024 (GLOBE NEWSWIRE) — The brain health supplements industry was valued at US$ 6.6 billion in 2022. By 2031, it is projected to reach over US$ 11.4 billion and expand at a CAGR of 6.4% during the forecast period. Increasing attention is being paid to supporting cognitive function and emotional well-being, resulting in the development of products to support these functions.
The market for brain health supplements is likely to grow as consumer attitudes toward mental health change. New and better ingredients can be developed using research in neuroscience, nutrition, and related fields to create brain health supplements. Adding scientific advancements to these products can make them more credible and appealing.
Individuals may begin to seek tailored supplements for their specific cognitive requirements, with the trend of personalized nutrition extending to the supplement market. With technological improvements and a better understanding of individual health profiles, personalized brain health products will likely become available.
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Future innovations may focus on developing new formulations, delivery methods, and delivery systems for brain health supplements. A sustained release mechanism and innovative combinations of ingredients may also increase bioavailability. Integrated digital health technologies like wearables and mobile apps will likely be a major trend in brain health supplements.
Key Findings of the Market Report
- In terms of product type, natural molecules held the largest share of the global market for brain health supplements in 2022.
- Health supplements tailored to the brain and precision nutrition are growing in popularity.
- North America dominated the market for brain health supplements in 2022.
- Based on application, cognitive supplements dominated the global market for brain health supplements in 2022.
Global Brain Health Supplements Market: Key Players
The brain health supplement market is fragmented, with numerous companies competing for customers. These companies invest more in research and development and introduce new products to expand their market presence.
- Onnit Labs, Inc.
- Nutricia
- Natural Alternatives International, Inc.
- Quincy Bioscience
- Reckitt Benckiser Group plc.
- Natrol, LLC.
- H.V.M.N. Inc.
Global Brain Health Supplements Market: Growth Drivers
- A growing emphasis is being placed on mental health and cognitive wellness. As a result, an increasing interest in preventive healthcare and cognitive enhancement supplements has been shown.
- Sleep deprivation, heightened stress levels, and poor diet are typical features of modern lifestyles. The number of individuals taking measures to improve their health, including their cognitive health, and purchasing products that support their efforts. As a result, brain health supplements have become increasingly popular.
- Innovators are developing brain health supplements using ingredients and formulations from neuroscience and nutrition. Scientific advances drive consumer confidence and demand for these products.
- The growing importance of health, wellness, and cognitive support products has changed consumer lifestyles. Products can be developed and marketed using this framework, positively affecting the market.
- Due to the rise of e-commerce platforms, consumers can now easily obtain and purchase brain health supplements. Because of this convenience, the market has expanded. Cognitive performance may be monitored, personalized supplements may be recommended, and tracking the effectiveness of supplements can be achieved with these technologies.
- Online and direct purchases of health-related products are on the rise. Direct-to-consumer sales models create closer customer relationships by making supplements accessible via e-commerce platforms. Supplements may become more personalized as individuals seek solutions that address their specific cognitive needs as a result of the trend toward personalized nutrition.
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Global Brain Health Supplements Market: Regional Landscape
- North America is expected to drive the market for brain health supplements. Brain health supplements have been a significant market driver in North America, particularly in the United States and Canada. Rising mental health issues have become more widely recognized, driving a greater demand for brain health products. Mental health and cognitive function are becoming more of a priority for consumers.
- A busy schedule, a fast-paced work environment, and high-stress levels characterize modern American lifestyles. Individuals experiencing cognitive challenges often seek supplements that promise to alleviate stress and improve cognitive performance. A relatively well-established regulatory environment exists in North America, especially in the United States. Regulatory guidelines ensure that high-quality, safe brain health supplements are sold to consumers.
Global Brain Health Supplements Market: Segmentation
By Product Type
- Acetyl-L-Carnitine
- Alpha-GPC
- Citicoline
- Others
- Ginseng
- Gingko Biloba
- Curcumin
- Others
- Vitamin B
- Vitamin C & E
- Others
By Application
- Depression & Mood
- Cognitive
- Stress & Anxiety
- Others
By Sales Type
By Distribution Channel
- Company Owned Website
- Commercial Website
- Hospital Pharmacies
- Retail Pharmacies
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
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USA – Canada Toll Free: 866-552-3453
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What Is Next for Super Micro Stock?
With its shares down by 49% in the last 30 days at the time of writing, Super Micro Computer‘s (NASDAQ: SMCI) situation is going from bad to worse. The former Wall Street darling is reeling after the October resignation of its auditor Ernst & Young, which no longer wants to be associated with the company’s financial statements.
The move comes not long after the short-selling organization Hindenberg Research accused Super Micro’s management of accounting irregularities, self-dealing, and sanctions evasion related to Russia.
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Behind all the noise remains a relatively fast-growing company with excellent exposure to the generative artificial intelligence (AI) industry. Read below to discover what could happen to Super Micro over the next few months and if the company could eventually become a compelling buy.
Perhaps the most disturbing thing about Super Micro’s current predicament is its track record. In 2018, the company was temporarily delisted from the Nasdaq exchange after failing to file its financial reports on time. While the company regained compliance in 2020, it was charged that same year with “widespread accounting violations” related to prematurely recognizing revenue and understating expenses.
The violations included “recognizing revenue on goods sent to warehouses but not yet delivered to customers, shipping goods to customers prior to customer authorization, and shipping misassembled goods to customers.” Super Micro settled for $17.5 million, in addition to a $2.1 million clawback from its CEO Charles Liang, who had to reimburse some stock profits received while the errors were occurring, despite not being charged with misconduct.
Super Micro’s prior violations could give clues into the types of internal control failures the company may still be facing. But the good news is the company’s past violations seem relatively tame, compared to recent high-profile corporate fraud cases like Luckin Coffee, which overstated its 2019 sales by $300 million and faced a fine of $180 million.
That said, the fact that Super Micro continues to find itself in hot water over accounting-related allegations raises concerns about its leadership quality.
Hindenburg’s August report claims three senior Supermicro employees who left in the 2018 scandal were rehired and cites former employees who believe Super Micro’s business culture hasn’t improved since the previous delisting. While managerial skills are difficult to quantify, they’ll eventually show in business performance because of the sheer number of decisions that are made every day to keep a company running. Super Micro also faces the threat of more fines and possible delisting, which could hurt its valuation.
Trump Is The 'Most Pro-Stock Market President,' Says Wharton Professor Jeremy Siegel
President-elect Donald Trump‘s pro-business policies could potentially drive the stock market to unprecedented levels, according to Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania.
What Happened: Siegel, speaking on CNBC’s “Squawk Box,” suggested that Trump’s policies could have a significant impact on the stock market. “President-elect Trump is the most pro-stock market president we have had in our history,” Siegel said.
“He measured his success in his first term by how well the stock market did. You know, it seems to me very unlikely he’s going to implement policies that are going to be bad for the stock market,” Siegel said.
Following Trump’s election win, the market has already experienced a surge, with investors banking on his pledges of tax cuts and deregulation to drive growth and benefit-risk assets.
See Also: Bitcoin Surges Past $80,000 Milestone For First Time On Optimism Over Trump
Why It Matters: The S&P 500 tracked by SPDR S&P 500 ETF SPY rose by 4.66% last week, marking its best week since November 2023, and trading above 6,000 for the first time. The Dow Jones Industrial Average represented by the SPDR Dow Jones Industrial Average ETF Trust DIA also reached a new milestone of 44,000 post-election.
Stocks after Trump’s victory, including Tesla Inc TSLA and major banks like JPMorgan Chase & Co JPM and Wells Fargo & Co WFC, experienced significant gains. Additionally, Bitcoin BTC/USD continued to hit record highs as traders anticipated looser regulations under Trump.
As the era of the “Trump trade” draws to a close, the market’s attention is shifting toward the potential impacts of Trump’s policy priorities on investments. His promises of lower corporate taxes and deregulation are seen as beneficial for the economy and stock prices, while other pledges, such as immigration clampdowns and high tariffs, are viewed as potential economic obstacles.
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This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
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Inside Ivanka's $24 Million 'Billionaire Bunker' Mansion With A $15 Million Mortgage
A two-year renovation has transformed a neoclassical estate into one of Miami’s most notable modern mansions as Ivanka Trump and Jared Kushner complete work on their $24 million Indian Creek Island property.
Property records analyzed by Realtor.com show the couple secured a $15 million mortgage for the six-bedroom, 8.5-bathroom compound purchased from billionaire Alex Meruelo in April 2021. The extensive renovation stripped the property to its shell before reimagining it as a contemporary entertainment space.
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According to the Realtor report, the reconstructed mansion retains several original architectural features, including 26-foot-high ceilings, open living areas and a signature double staircase. According to Miami-Dade County building plans, new additions include a chef’s kitchen adjacent to the dining room and a primary suite with dual closets and a spa bathroom.
Outdoor amenities received particular attention during the renovation. The property’s swimming pool was completely rebuilt and the pool cabana now features modern wellness amenities including a sauna, steam room and cold plunge pool. A private boat dock provides direct access to Biscayne Bay.
The location itself adds value to the property. Indian Creek Island, nicknamed “Billionaire Bunker,” hosts just 34 homes and maintains its police force. Notable neighbors include tech mogul Jeff Bezos and former NFL star quarterback Tom Brady.
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Prior to moving into their Indian Creek residence late last year, the couple lived in Arte Surfside, occupying a $17 million six-bedroom waterfront apartment. Their new property is in Miami’s ultra-luxury market, where high-end renovations and security features command premium prices.
According to Realtor, the exterior renovation replaced traditional wooden accents with contemporary black trim against fresh white paint, while interior spaces now showcase an industrial aesthetic. The transformation reflects broader trends in Miami’s luxury real estate market, where modern designs increasingly replace classical architecture.
See Also: During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.
Since completion, the property’s entertainment spaces have already hosted several gatherings, including wellness events and family celebrations, establishing it as an addition to Miami’s high-end residential landscape.
The move marks a shift in the Trump family’s real estate footprint in Florida.
While Ivanka and Kushner chose Miami’s exclusive island enclave, other family members have established residences further north. Eric and Donald Trump Jr. opted for Jupiter properties closer to the former president’s Mar-a-Lago estate.
The family’s geographic spread across Florida’s affluent coastal communities points to their continued investment in the state’s premium real estate market, where luxury properties routinely command eight-figure price tags and extensive security features.
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Shopify delivers upbeat holiday forecast as AI draws customers, shares surge
(Reuters) -Shopify forecast fourth-quarter revenue growth above estimates on Tuesday, as the Canadian company’s focus on employing AI-powered tools attract more merchants to its e-commerce services ahead of the all-important holiday season.
Its U.S.-listed shares jumped nearly 15% in premarket trading after the company also topped analysts’ expectations for third-quarter revenue.
Shopify, which enables businesses to build and run online stores by providing tools for everything from creating a website to shipping products, has spruced up its services by integrating artificial intelligence-based features this year.
The company in June rolled out its AI assistant, Sidekick, which provides sellers with sales reports, data on customer behavior and helps execute tasks such as setting up discount codes, to more merchants on its platform.
“Both the beat and the forecast are very impressive … Shopify is better-positioned than other software vendors because it’s not only growing with its existing customers, but it’s adding customers in a variety of categories,” said Gil Luria, head of technology research at D.A. Davidson.
The company has looked to make shipping faster and cheaper for brands on its platform by offering discounted rates, among other efforts to win and retain customers.
It forecast current-quarter revenue would increase in a mid-to-high-twenties percentage range, while analysts expected a rise of 22.7%, according to LSEG data.
“The dynamic that investors are going to walk away with, given the really strong Q3 and the optimistic Q4, is that Shopify is a share gainer,” said Oppenheimer analyst Ken Wong.
“With the rest of retail a little bit softer than anticipated, and Shopify continuing to hum along, that’s going to be the first thing that pops into people’s heads.”
Shopify reported a 26% jump in revenue to $2.16 billion for the third quarter ended Sept. 30, compared with analysts’ average estimate of $2.11 billion, marking the ninth straight quarter of beat on sales.
Gross merchandise volume (GMV), or the total value of orders facilitated through Shopify, jumped 24% to $69.72 billion in the July-September period.
(Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila)
By popular demand: SiGMA Europe launches fourth shed
Malta, Nov. 12, 2024 (GLOBE NEWSWIRE) — 
By popular demand: SiGMA Europe launches fourth shed
In response to overwhelming demand from the international gaming community, SiGMA Europe is expanding its floor plan with an additional 15,000 square metres of exhibition space indoors as well as outdoors, giving this summit its unique festival vibe.
Held for the second time at the Malta Maritime Hub (MMH), the entire venue spans an incredible 45,000 square metres, breathing new life into a brand new networking space for exhibitors and attendees, with ample quiet spaces and seating areas for uninterrupted meetings. The new expo size still allows attendees to walk the floor comfortably several times per day.
The event closes SiGMA´s 2024 calendar of events this November, 11 to 14th, with a celebration of SiGMA´s milestone 10 year anniversary.
Breaking records with 27,000 delegates
SiGMA Europe’s expansion reflects its impressive growth in recent years and is a significant increase on last year’s numbers. The 2024 edition is projected to welcome 27,000 delegates, another record-breaking number that highlights the increasing interest and participation from the global gaming community. From high-level executives to entrepreneurs and regulators, the event continues to attract top-tier decision-makers, solidifying Malta as a natural home for iGaming companies.
Increased footprint: showcasing 1,000 sponsors and exhibitors
The newly expanded floor plan will feature increased space for exhibitors, accommodating 1,000 sponsors and exhibitors under its cathedral height ceilings—a new record for the SiGMA Europe event. Bringing an additional 4,000 square metres of space, this marks a significant milestone in the growth of the conference, underscoring its position as a leading and global hub for gaming and bringing more value to delegates.
Expect to meet well respected brands, including BetConstruct, 1xBet, 22Bet, PIN-UP Partners and PIN-UP Global, MelBet, SmartSoft Gaming, GROWE Partners, GR8 Tech, Payment Center, Vavada, 7 stars partners, Softswiss, BGaming, evoke, Soft2Bet, and more.
SiGMA Europe 2023 at the Mediterranean Maritime Hub (MMH).
An expanded arena for networking
With the addition of the fourth Shed, SiGMA Europe is creating more opportunities for networking and interaction than ever before. The larger venue will provide ample room for attendees to connect, collaborate, and exchange ideas across multiple industries, including a vast outdoor area. New lounges and meeting spaces will allow for meaningful conversations and partnerships, catering to the needs of a diverse array of iGaming professionals, from CEOs and affiliates to investors and startups. A double decker space above the registration tunnel will feature a relaxing chill out zone, while a VIP lounge caters for investors and VCs.
Additional highlight features include a brand new floor, new doors for a streamlined entrance, and a huge custom-built food court, which features a brand new eco design.
We’ve reached out to some of the top names in the catering business to ensure there are choices for everyone. From healthy choices to sinful temptations, expect to find everything from innovative vegan and vegetarian eateries, culturally inclusive options such as kosher and halal, as well as internationally inspired cuisines amongst the 14 food booths and food trucks. Brands on board include the likes of Oakberry, Tuk Tuk, Yoshi Sushi, Bacchus, and Kebab Factory.
Why Malta?
Malta has long been recognized as a natural home for iGaming companies, thanks to its robust regulatory framework, business-friendly environment, and thriving tech ecosystem – earning the island nation a place on the map. There’s a unique “Friends before business” approach embedded in the way we facilitate connections, which fosters genuine relationships before deals are made. Exhibitors consistently rate SiGMA as the event generating the most business.
As the global iGaming industry continues to expand, SiGMA Europe is leading the charge, bringing together innovators, regulators, and thought leaders from around the globe. Join the action and be part of the future of iGaming at SiGMA Europe 2024.
SiGMA’s world-renowned summits will return in 2025 with 7 key events studding the industry’s events calendar. The SiGMA Roadshow explores emerging markets across Asia, Europe, Africa, the UAE, and the Americas, including our newest launch for South Asia – Sri Lanka.
Garima Talwar garima@lunapr.io
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