NEW YORK , Dec. 2, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global digital photo frame market size is estimated to grow by USD 110.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 2.94% during the forecast period. Inclination toward high standard of living is driving market growth, with a trend towards introduction of smart digital photo frames. However, supply chain complexity poses a challenge. Key market players include Aluratek Inc., Creedon Technologies USA LLC, Danfoss AS, Eastman Kodak Co., GiiNii Tech Corp., Glimpse LLC, Hama GmbH and Co KG, Hewlett Packard Enterprise Co., Highland Technologies Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Corp., Netgear Inc., PhotoSpring Inc., Samsung Electronics Co. Ltd., Sony Group Corp., Spheris Digital Ltd., Sungale Inc., ViewSonic Corp., and XElectron Technologies Pvt. Ltd.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Distribution Channel (Offline and Online), Source (Electricity-powered and Battery-powered), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Region Covered North America, Europe, APAC, South America, and Middle East and Africa Key companies profiled Aluratek Inc., Creedon Technologies USA LLC, Danfoss AS, Eastman Kodak Co., GiiNii Tech Corp., Glimpse LLC, Hama GmbH and Co KG, Hewlett Packard Enterprise Co., Highland Technologies Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Corp., Netgear Inc., PhotoSpring Inc., Samsung Electronics Co. Ltd., Sony Group Corp., Spheris Digital Ltd., Sungale Inc., ViewSonic Corp., and XElectron Technologies Pvt. Ltd. Key Market Trends Fueling Growth The digital photo frame market is experiencing growth due to the increasing popularity of home automation and smart hubs. Smart digital photo frames, a segment of the digital photo frame market, are benefiting from repeat purchases, particularly in regions like the Americas and Europe . Innovations and technological advances, such as wireless connectivity and IoT integration, are key drivers for these purchases. Smart home technologies, including AI-enabled controllers and hubs, are fueling the adoption of smart and innovative home decor products like digital photo frames. Devices like Amazon Echo and Alexa-enabled frames from NixPlay and PhotoSpring enable users to control their frames remotely via Wi-Fi and voice commands. Uninterrupted connectivity to smart appliances is crucial for handling tasks remotely, and vendors are incorporating Wi-Fi and IoT technologies to differentiate their offerings and attract tech-savvy consumers. The growing popularity of IoT is expected to continue driving the growth of the global digital photo frame market. The Digital Photo Frame market is experiencing significant trends in various sectors. Portrait and landscape positions are popular for both tabletop and wall-mounted frames. The smart home market is driving demand, with internet users seeking multifunctional devices. Households and commercial segments, including hotels and restaurants, are key customers. Profit margins are low, making economic recessions challenging. Simple multimedia frames use cameras' memory cards or built-in memory, while Bluetooth technology enables wireless image transfer. Traditional advertising is being replaced by low-cost digital displays from brands like Sylvania, Nixplay, Micca Electronics, Tenker, Danfoss, and Frame. Urbanization and emerging countries expand the general population's disposable incomes, increasing demand. A holistic evaluation of Digital Picture Frames and Digital Media Frames as image screens for digital images reveals a substantial role in our modern lifestyle, replacing monitors and printers with gadgets that are more convenient and cost-effective. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report This digital photo frame market report extensively covers market segmentation by 1.1 Offline- The Digital Photo Frame market is growing steadily, with increasing demand for innovative and user-friendly products. Companies are focusing on improving image quality and adding features like Wi-Fi connectivity and motion sensors. Consumers appreciate the convenience of remotely uploading and displaying their cherished memories. Market size is expected to expand due to rising disposable income and the trend towards digitalization. Competition is fierce, with major players like Samsung, Kodak, and Pix-Star offering diverse product lines. Companies are also exploring partnerships with social media platforms to enhance user experience. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Digital Photo Frame market is experiencing significant growth due to the increasing disposable incomes of customers and the urbanization trend in emerging countries. A digital photo frame is more than just a display for photos; it's a holistic evaluation of modern technology and art. With an image screen replacing the traditional Photo Frame, digital media frames have taken center stage. The integration of cameras' memory cards, built-in memory, and Bluetooth technology has made these frames more versatile and user-friendly. Households and commercial segments, including hotels and restaurants, have found substantial roles for these frames in their spaces. Brands like Sylvania, Nixplay, Micca Electronics, and Tenker have emerged as key players, offering a range of low-cost digital displays for various applications, challenging traditional advertising methods. Danfoss, a leading engineering company, has also entered the market with its digital media frames, adding to the competition. Market Research Overview The Digital Photo Frame market is experiencing significant growth, driven by increasing disposable incomes and urbanization in emerging countries. This market caters to customers seeking to showcase their digital images in a more sophisticated way than traditional photo frames. A holistic evaluation of the market reveals a substantial role for digital picture frames and digital media frames, which offer an image screen for displaying digital images. These gadgets can be placed on tables or walls in portrait or landscape position and are gaining popularity in the smart home market. The market also includes multifunctional devices that serve as monitors, printers, or even smart tabs. The household sector and commercial segment, including hotels, restaurants, and traditional advertising, are key areas for growth. However, the market faces low profit margins and economic recession challenges. Simple multimedia devices with built-in memory or cameras' memory cards and Bluetooth technology are popular features. Companies like Sylvania, Nixplay, Micca Electronics, and Tenker have made significant strides in this market, offering low-cost digital displays for the general population. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/digital-photo-frame-market-to-grow-by-usd-110-4-million-2024-2028-driven-by-rising-living-standards-with-ai-redefining-the-market-landscape---technavio-302318981.html SOURCE Technavio
Baltimore quarterback Lamar Jackson, the reigning NFL Most Valuable Player, leads fan balloting for the 2025 NFL Pro Bowl Games after one week of voting, the league announced on Monday. Ravens superstar Jackson set the overall pace with 44,681 votes followed by teammate Derrick Henry, the running back leader, in second overall at 40,729 votes.NEW YORK — Stoli Group USA, the owner of the namesake vodka , has filed for bankruptcy as it struggled to contend with slowing demand for spirits, a major cyberattack that has snarled its operations and several years of fighting Russia in court. The company in its bankruptcy filing said it is “experiencing financial difficulties” and lists between $50 million and $100 million in liabilities. Stoli vodka and Kentucky Owl bourbon will continue to be available on store shelves while the company navigates the Chapter 11 process, which only pertains to its U.S. business. Until 2022, Stoli was sold as Stolichnaya in the United States, which loosely translates to “capital city” in Russian. The company shortened its title following Russia’s invasion of Ukraine and boycotts against Russian-branded vodkas . Stoli Group’s founder, Russian-born billionaire Yuri Shefler, was exiled from that nation in 2000 because of his opposition to President Vladimir Putin. The liquor has long been marketed as a Russian vodka, but its production facilities have been in Latvia for several decades. Stoli Group is a unit of Luxembourg-based SPI Group, which owns other spirit and wine brands. “The Stoli Group has been targeted by the Russian Federation since it was formed nearly 25 years ago,” said Stoli Group CEO Chris Caldwell in a statement. “Earlier this year the company and our owner were both named by the Russian state as ‘extremist groups working against Russia’s interests.’” Its ongoing legal battle with the Russia government has forced Stoli to “spend dozens of millions of dollars on this long-term court battle across the globe with the Russian authorities,” according to its court filing. Caldwell also said that Stoli’s global operations has been a “victim of a malicious cyber attack” that has forced the company to operate “entirely manually while the systems are rebuilt.” A slowdown in demand for alcohol has crushed several company’s bottom lines following the pandemic when people were stuck at home and stocked up. Stoli’s filings said that it has seen a “decline and softening of demand for alcohol and spirits products post-Covid and especially beginning in 2023 and continuing into 2024.”
PHILADELPHIA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) (NASDAQ: EVLV) on behalf of purchasers of EVOLV securities between August 19, 2022 and October 30, 2024, inclusive (the “Class Period”) . Investors that suffered losses from EVOLV (NASDAQ: EVLV) investments can follow the link below for more information regarding the lawsuit: CLICK HERE to learn more about the lawsuit. Investors who purchased or acquired EVOLV securities during the Class Period may, no later than DECEMBER 31, 2024 , seek to be appointed as a lead plaintiff representative of the class. Headquartered in Waltham, MA, Evolv is a security technology company that utilizes AI-based screening designed to help create safer experiences. On October 25, 2024, Evolv announced that the Company's financial statements issued between the second quarter of 2022 and the second quarter of 2024 should not be relied upon due to material misstatements impacting revenue recognition. The Company revealed that certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms not shared with the Company's accounting personnel and that certain Evolv personnel had engaged in misconduct. The Company further announced that it had self-reported these issues to the Securities and Exchange Commission. On this news, the price of Evolv stock declined approximately 40%, from a close of $4.10 per share on October 24, 2024, to a close of $2.47 per share on October 25, 2024. On October 31, 2024, Evolv announced the termination of its CEO, Peter George, effective immediately. On this news, the price of Evolv stock declined approximately 8%, from a close of $2.34 per share on October 30, 2024, to a close of $2.15 per share on October 31, 2024. For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net or (215) 875-3048, or CLICK HERE . A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague , with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contacts: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 aabramowitz@bm.net Peter Hamner Berger Montague PC (215) 875-3048 phamner@bm.net
Porter, Middle Tennessee knock off Ohio 83-81 in OT
Stoli vodka files for bankruptcy in the United StatesShares of Rocket Lab ( RKLB -11.46% ) soared 155% in November, according to data from S&P Global Market Intelligence . The space flight and rocket company keeps announcing new missions and posted a promising earnings result in the month. Aiming to compete with SpaceX, Rocket Lab is growing its ambitions and further separating itself from the rocket start-up pack. As of this writing, Rocket Lab stock is up 355% year to date. Here's why it was soaring yet again in November. Fast growth, new capabilities In the third quarter of 2024, Rocket Lab posted more strong growth. Revenue was up 55% year over year to $105 million. In the last three years, Rocket Lab has grown its sales by a cumulative 484%, making it one of the fastest-growing businesses in the world. The company is increasing its launch cadence for its small Electron rocket, which is leading to more launch revenue and more sales for its space systems products. Its customer backlog hit $1.05 billion in the quarter, which is more than two years of its current revenue levels. Looking forward, there are expectations that Rocket Lab will keep up these impressive growth figures. The company launched two Electron rockets in the same 24-hour period in November, while also signing multiple contracts with the government and getting $24 million in funding from the CHIPS Act. Most importantly, Rocket Lab signed an agreement for multiple launches on its upcoming Neutron rocket. The Neutron rocket will be larger than the Electron, which means more revenue per launch. It is expected to begin commercial operations within the next few years and is something investors should track closely when it comes to Rocket Lab stock. Temper your expectations, for now Even though Rocket Lab's business is doing admirably, the stock is getting ahead of itself, especially last month. Its price-to-sales ( P/S ) ratio has reached 33, which is a heavy premium to the average stock on the market. It has a market cap of $11.4 billion. Even if Rocket Lab's annual revenue grows to $1 billion, it will still trade at a P/S above 10. Another concern is the lack of profitability. Rocket Lab has never generated a positive operating profit or free cash flow. This is a risk that shouldn't be ignored by investors. Rocket Lab is a fascinating company, but not one an investor should buy today due to its extreme P/S and historical lack of profitability.Two California prosecutors promised a different kind of justice. Voters turned on them