Pleasure boat paint market size to grow by USD 253.14 million from 2022 to 2027: Increasing demand for pleasure boats will boost the market growth - Technavio

 NEW YORK, June 6, 2023  /PRNewswire/ -- The  pleasure boat paint market  size is estimated to increase by USD 253.14 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 4.3%. The growing tourism industry is notably driving the pleasure boat paint market growth. With increasing tourism, there is a growing demand for water activities such as boating, sailing, and cruising. As a result, the production of pleasure boats has increased, and the demand for paints for pleasure boats has increased. Many countries around the world are investing heavily in developing their tourism industry, including water-based activities. As a result, the demand for pleasure boats is increasing, and the need for paints for pleasure boats is also increasing. The rise of the sharing economy has also contributed to the growth of the tourism industry and along with it, the market. Platforms like Airbnb and Boatsetter are enabling more people to rent boats, increasing demand for beautiful, well-maintained boats. In addition, the development of marinas and yacht clubs is also contributing to the growth of the market. 

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Pleasure boat paint market – Customer Landscape

Our report analyzes the life cycle of the global pleasure boat paint market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global pleasure boat paint market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycles
• Drivers of price sensitivity 
• To unlock the detailed information on the customer landscape -, request a sample now!

Pleasure boat paint market – Vendor Analysis
Vendor Landscape - The global pleasure boat paint market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer pleasure boat paint in the market are Akzo Nobel NV, Baril Coatings BV, BASF SE, Boero Bartolomeo Spa, Brunswick Corp., Chugoku Marine Paints Ltd., DuPont de Nemours Inc., Hempel AS, I Tech AB, Innovative Chemical Products, Kansai Paint Co. Ltd., Lanxess AG, MARLIN srl, NAUTIX SAS, NIPSEA Group, Norglass Paints and Specialty Finishes, PPG Industries Inc., RPM International Inc., The Sherwin Williams Co., and Troton Sp. z o.o. and others.

The global pleasure boat paint market is highly competitive, with a large number of players competing for market share. The market is characterized by the presence of several international and regional players, with each company offering a wide range of products and services. In addition to these major players, there are many other smaller players in the market, including local and regional manufacturers and dealers. These smaller players often specialize in specific types of boat paints or offer unique customization options, giving them a competitive edge in their respective niches. Hence, the global pleasure boat paint market is expected to stay competitive during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
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• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• Akzo Nobel NV: The company offers Marine, Protective and Yacht coatings.
• Baril Coatings BV: The company offers paint systems for marine vessels.
• BASF SE: The company offers paints and coatings solutions.
• Boero Bartolomeo Spa: The company offers paint products on the international pleasure craft and superyacht markets.
• For details on the vendor and its offerings – Request a sample report

Pleasure Boat Paint Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (Refurbished boat and New boat), type (Natural polyisoprene and Synthetic polyisoprene), and geography (APAC, Europe, North America, Middle East and Africa, and South America). 

• The refurbished boat segment will account for a major share of the market growth. Refurbished boats refer to boats that have been renovated or restored to their original condition or improved beyond their original state. These boats are usually pre-owned and have undergone a process of restoration to enhance their performance, aesthetics, and value. Moreover, as more boat owners seek cost-effective and personalized options for enhancing the performance and appearance of their vessels, the use of pleasure boat paints in refurbished boats is expected to grow significantly during the forecast period. This is expected to drive the growth of the refurbished boat segment in the global pleasure boat paint market during the forecast period.

Geography Overview
By geography, the global pleasure boat paint market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global pleasure boat paint market.

• APAC is estimated to account for 59% of the global market growth during the forecast period. The growing number of recreational boats in service, rising disposable incomes, and the growing popularity of water activities such as water sports have increased the demand for recreational boat paints in the region. Moreover, rising demand for eco-friendly and low-VOC coatings and the introduction of advanced coating technology are expected to fuel the growth of the market in the region during the forecast period. 

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Pleasure Boat Paint Market – Market Dynamics

Key Trends - The increasing use of digital marketing is a key trend influencing the pleasure boat paint market growth. The market is trending towards digital marketing. By adopting digital marketing strategies, companies in the market can reach a wider audience and increase brand awareness. Analyzing online data also provides insight into customer behavior and preferences. This allows them to better align their product and marketing campaigns with the needs and expectations of their customers. The trend of increasing adoption of digital marketing in the market is expected to continue during the forecast period as companies seek to remain competitive and reach their target audience through online channels. 

Major challenges - Technological limitations are challenging the pleasure boat paint market growth. The marine environment is a harsh and corrosive environment that can damage boat surfaces. Therefore, coatings used on boats require unique properties such as resistance to salt water, UV rays, and chemicals. However, conventional coatings do not always provide the desired level of protection, leading to the development of advanced marine coating technologies. Additionally, these advanced coatings can be more expensive than conventional coatings, which can be a significant barrier to widespread adoption. The high cost of these coatings can be a challenge for boat owners, especially those with smaller boats, as they may not justify the additional expense. As a result, technological advances in recreational boat painting have improved the quality and durability of coatings, but at the cost of higher costs and uncertainties about performance in real-world conditions. This could pose a major challenge to the growth of the market during the forecast period. 

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a Sample Report!

What are the key data covered in this Pleasure Boat Paint Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Pleasure Boat Paint Market between 2023 and 2027
• Precise estimation of the size of the Pleasure Boat Paint Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Pleasure Boat Paint Market industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Pleasure Boat Paint Market vendors

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• The leisure boat market size is estimated to grow at a CAGR of 5.66% between 2022 and 2027, and the size of the market is forecast to increase by USD 22,154.06 million. This leisure boat market report extensively covers market segmentation by product (leisure boat accessories, leisure boat motors, and leisure boat building), propulsion (diesel, gas, hybrid, and sail drive), and geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key factors driving the market growth is the increasing customer engagement in marinas and recreational boating activities. 
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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global pleasure boat paint market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global pleasure boat paint market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Refurbished boat - Market size and forecast 2022-2027
• Exhibit 34: Chart on Refurbished boat - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Refurbished boat - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Refurbished boat - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Refurbished boat - Year-over-year growth 2022-2027 (%)

• 6.4 New boat - Market size and forecast 2022-2027
• Exhibit 38: Chart on New boat - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on New boat - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on New boat - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on New boat - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)
• Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Natural polyisoprene - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Natural polyisoprene - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Natural polyisoprene - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Natural polyisoprene - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Natural polyisoprene - Year-over-year growth 2022-2027 (%)

• 7.4 Synthetic polyisoprene - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Synthetic polyisoprene - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Synthetic polyisoprene - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Synthetic polyisoprene - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Synthetic polyisoprene - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type ($ million)
• Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.11 South Korea - Market size and forecast 2022-2027
• Exhibit 95: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Akzo Nobel NV 
• Exhibit 111: Akzo Nobel NV - Overview
• Exhibit 112: Akzo Nobel NV - Business segments
• Exhibit 113: Akzo Nobel NV - Key news
• Exhibit 114: Akzo Nobel NV - Key offerings
• Exhibit 115: Akzo Nobel NV - Segment focus

• 12.4 Baril Coatings BV 
• Exhibit 116: Baril Coatings BV - Overview
• Exhibit 117: Baril Coatings BV - Product / Service
• Exhibit 118: Baril Coatings BV - Key offerings

• 12.5 BASF SE 
• Exhibit 119: BASF SE - Overview
• Exhibit 120: BASF SE - Business segments
• Exhibit 121: BASF SE - Key news
• Exhibit 122: BASF SE - Key offerings
• Exhibit 123: BASF SE - Segment focus

• 12.6 Boero Bartolomeo Spa 
• Exhibit 124: Boero Bartolomeo Spa - Overview
• Exhibit 125: Boero Bartolomeo Spa - Product / Service
• Exhibit 126: Boero Bartolomeo Spa - Key offerings

• 12.7 Chugoku Marine Paints Ltd. 
• Exhibit 127: Chugoku Marine Paints Ltd. - Overview
• Exhibit 128: Chugoku Marine Paints Ltd. - Business segments
• Exhibit 129: Chugoku Marine Paints Ltd. - Key news
• Exhibit 130: Chugoku Marine Paints Ltd. - Key offerings
• Exhibit 131: Chugoku Marine Paints Ltd. - Segment focus

• 12.8 DuPont de Nemours Inc. 
• Exhibit 132: DuPont de Nemours Inc. - Overview
• Exhibit 133: DuPont de Nemours Inc. - Business segments
• Exhibit 134: DuPont de Nemours Inc. - Key news
• Exhibit 135: DuPont de Nemours Inc. - Key offerings
• Exhibit 136: DuPont de Nemours Inc. - Segment focus

• 12.9 Hempel AS 
• Exhibit 137: Hempel AS - Overview
• Exhibit 138: Hempel AS - Product / Service
• Exhibit 139: Hempel AS - Key offerings

• 12.10 I Tech AB 
• Exhibit 140: I Tech AB - Overview
• Exhibit 141: I Tech AB - Product / Service
• Exhibit 142: I Tech AB - Key offerings

• 12.11 Kansai Paint Co. Ltd. 
• Exhibit 143: Kansai Paint Co. Ltd. - Overview
• Exhibit 144: Kansai Paint Co. Ltd. - Business segments
• Exhibit 145: Kansai Paint Co. Ltd. - Key offerings
• Exhibit 146: Kansai Paint Co. Ltd. - Segment focus

• 12.12 Lanxess AG 
• Exhibit 147: Lanxess AG - Overview
• Exhibit 148: Lanxess AG - Business segments
• Exhibit 149: Lanxess AG - Key offerings
• Exhibit 150: Lanxess AG - Segment focus

• 12.13 NAUTIX SAS 
• Exhibit 151: NAUTIX SAS - Overview
• Exhibit 152: NAUTIX SAS - Product / Service
• Exhibit 153: NAUTIX SAS - Key offerings

• 12.14 NIPSEA Group 
• Exhibit 154: NIPSEA Group - Overview
• Exhibit 155: NIPSEA Group - Product / Service
• Exhibit 156: NIPSEA Group - Key offerings

• 12.15 PPG Industries Inc. 
• Exhibit 157: PPG Industries Inc. - Overview
• Exhibit 158: PPG Industries Inc. - Business segments
• Exhibit 159: PPG Industries Inc. - Key offerings
• Exhibit 160: PPG Industries Inc. - Segment focus

• 12.16 RPM International Inc. 
• Exhibit 161: RPM International Inc. - Overview
• Exhibit 162: RPM International Inc. - Business segments
• Exhibit 163: RPM International Inc. - Key offerings
• Exhibit 164: RPM International Inc. - Segment focus

• 12.17 The Sherwin Williams Co. 
• Exhibit 165: The Sherwin Williams Co. - Overview
• Exhibit 166: The Sherwin Williams Co. - Business segments
• Exhibit 167: The Sherwin Williams Co. - Key news
• Exhibit 168: The Sherwin Williams Co. - Key offerings
• Exhibit 169: The Sherwin Williams Co. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

About Us
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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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