Blockchain Press Releases
Digital Scent Technology Market Size to Grow USD 354.7 Million by 2029 with a CAGR of 14.9% | Valuates Reports
BANGALORE, India, Aug. 4, 2023 /PRNewswire/ — The Global Scent Technology Market is Segmented by Type (E-nose, Scent Synthesizer), by Application (Entertainment, Education, Food & Beverage, Healthcare, Communication): Global Opportunity Analysis and Industry Forecast 2023 – 2029.
Due to the COVID-19 pandemic, the global Digital Scent Technology market size is estimated to be worth USD 132.7 million in 2022 and is forecast to a readjusted size of USD 354.7 million by 2029 with a CAGR of 14.9% during the forecast period 2023-2029.
Major Factors Driving the Growth of the Digital Scent Technology Market
More and more industries, including entertainment, gaming, marketing, and virtual reality, require more advanced sensory experiences. The incorporation of olfactory sensations into these experiences is made possible by digital scent technology, making the environment more realistic and immersive. This factor is expected to drive the growth of the Digital Scent Technology market
The medical industry is currently exploring the potential of digital scent technology for therapeutic applications, such as treating specific mental illnesses and enhancing memory. Therefore, the need for sensory enhancement, immersive experiences, and creative applications across various industries is driving the growth of the global digital scent technology market.
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TRENDS INFLUENCING THE GROWTH OF DIGITAL SCENT TECHNOLOGY MARKET:
e-nose technology development and expanded applications: Numerous more advantages, including anomaly detection and pattern identification, are driving up demand for e-nose. The e-nose can identify odor nuisance risks or other gas-related dangers by detecting changes in the composition of the air. The e-nose will inform users of unusual air conditions by adding alarm levels. Signal patterns produced by e-noses are related to the exposed gas composition. It makes an attempt to determine the type of gas composition that resulted in an odd air composition. Additionally, the use of small, transportable, and Internet of Things-enabled e-noses and platforms has increased recently. This factor is expected to drive the growth of the digital scent technology market.
The use of fragrance in various gaming contexts can improve a game’s narrative capabilities. With the use of digital smell technology, players may sense the scent of the forest, the burning wood in the fireplace of the mansion, or the garden’s flowers. varied gaming areas have varied backdrops. The game experience gains a completely new dimension as a result, making it more interesting and fun. New games with a scent-focused theme may now be made thanks to digital smell technology. This factor is expected to drive the growth of the digital scent technology market.
Smell has been shown to help people remember things better and improve their memory. When learning materials are combined with digital scent technology, teachers can offer students a multimodal experience that can enhance their information retention. Second, greater participation. This factor is expected to drive the growth of the digital scent technology market.
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DIGITAL SCENT TECHNOLOGY MARKET SHARE
Alpha MOS, AIRSENSE Analytics, Odotech, Electronics Sensor Technology, and Owlstone are the top 5 producers of digital scent technology, together holding roughly 72% of the market.
In 2020, the market for digital smell technology was dominated by North America. Due to the presence of many important players in the area, North America is anticipated to continue to dominate the market over the projection period. The market is being driven by a number of key factors, including increased customer adoption of enhanced digital services, the use of biosensors for disease early detection, strict US regulations governing indoor air quality, and significant advancements in e-nose technology with regard to applications in the agricultural and medical sectors.
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Key Companies:
- Alpha MOS
- AIRSENSE Analytics
- Odotech
- Electronics Sensor Technology
- Owlstone
- Sensigent
- The eNose Company
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SIMILAR REPORTS
– Scent Synthesizer and E-Nose Product market was valued at USD 41 million in 2022 and is anticipated to reach USD 74 million by 2029, witnessing a CAGR of 8.7% during the forecast period 2023-2029.
– AI Digital Scent Devices Market
– Digital Smell Technology Market
– Olfactory Technology Product market was valued at USD 237.6 million in 2022 and is anticipated to reach USD 1833.9 million by 2029, witnessing a CAGR of 33.5% during the forecast period 2023-2029.
– Digital Olfactory technology market was valued at USD 72 million in 2022 and is anticipated to reach USD 705.3 million by 2029, witnessing a CAGR of 38.0% during the forecast period 2023-2029.
– Floral Scented Candles Market
– Air Fresheners market was valued at USD 9074.7 million in 2022 and is anticipated to reach USD 11370 million by 2029, witnessing a CAGR of 2.8% during the forecast period 2023-2029.
– Virtual Reality Headsets market size is projected to reach USD 42100 million by 2027, from USD 9457.7 million in 2020, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period 2021-2027.
– Chemical Sensors market size was USD 28750 million and it is expected to reach USD 47700 million by the end of 2027, with a CAGR of 7.5% during 2021-2027.
– IoT Device Management market size is projected to reach USD 7668.1 Million by 2028, from USD 1783.2 Million in 2021, at a CAGR of 22.6% during 2022-2028.
– Digital Process Automation market size is projected to reach USD 11770 Million by 2027, from USD 6451.8 Million in 2020, at a CAGR of 8.5% during 2021-2027.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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