Retail & Tech Synergy Powers 10.1% CAGR in Multichannel Order Management Market

According to the latest market research study published by P&S Intelligence, the global multichannel order management market is poised for robust growth, expected to generate revenue of USD 3.2 billion in 2024 and surge to USD 6.8 billion by 2032, reflecting a compelling CAGR of 10.1% between 2025 and 2032. This growth trajectory is driven by the increasing need for streamlined order handling across multiple sales platforms. Multichannel order management (MOM) systems enable businesses to manage numerous orders simultaneously while enhancing order visibility, minimizing delays, and optimizing fulfillment efficiency.

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The shift toward automation, powered by the integration of artificial intelligence (AI) and machine learning (ML), is revolutionizing traditional order management approaches. These technologies reduce human intervention, streamline stock-demand balancing, and improve overall operational productivity. As companies strive to modernize their supply chains, MOM solutions provide a real-time, autonomous system capable of managing complex logistics and improving customer satisfaction.

Key Insights

• The software segment dominates the market with a projected 65% share in 2024, driven by the growing demand for advanced software-based tools that integrate ERP and CRM systems for seamless business operations.
• Services are forecast to grow at a faster CAGR of 9.5%, with businesses requiring training, integration support, and cybersecurity services to maximize software efficiency.
• Among applications, order fulfillment leads with a 45% market share in 2024 and the highest CAGR of 10%, owing to rising online order volumes and the adoption of automation technologies such as ASRSs and robotics.
• Large enterprises will contribute 70% of the revenue in 2024, as they require comprehensive solutions to manage vast, complex supply chains. Meanwhile, SMEs will register a higher CAGR of 10.5% due to the need for cost-effective, data-driven operations.
• The cloud deployment mode will account for 75% of the market in 2024 and grow at an 11% CAGR, as it supports integration with CRM, inventory systems, and e-commerce platforms while offering advanced analytics and scalability.
• The retail and consumer goods sector is the largest end user, expected to contribute 30% of the market in 2024, due to the continued rise of online shopping. The healthcare sector will expand the fastest, at a CAGR of 12%, driven by the digitalization of services such as telemedicine and online pharmacies.
• North America is projected to lead geographically with a 40% market share in 2024, fueled by widespread adoption of AI, ML, and digital technologies in supply chains. The Asia-Pacific region will exhibit the fastest growth, at 12.5% CAGR, with countries like China, India, and Japan embracing smart retail and digital transformation.
• Key players driving innovation include IBM Corporation, Oracle Corporation, SAP SE, Salesforce Inc., HCL Technologies, Zoho Corporation, Brightpearl, Block Inc., and Selro Ltd., among others. Market competition remains fragmented, encouraging continuous tech integration for competitive advantage.
• Recent strategic developments include OneRail’s acquisition of Orderbot in June 2024 to enhance last-mile delivery via integrated MOM tools, and Amazon’s January 2024 expansion of Buy with Prime for Salesforce retailers, reflecting the market’s pivot toward intelligent, customer-centric solutions.

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Identity and Access Management Market Thrives Amid Rising Digital Threats and Regulatory Mandates

According to the latest market research study published by P&S Intelligence, the global Identity and Access Management market was valued at USD 21.56 billion in 2024, and is expected to grow at a robust CAGR of 15.2% from 2025 to 2032, reaching USD 66.31 billion by the end of the period. This expansion is driven by surging cyber threats, an increasing shift to cloud computing, and widespread adoption of bring‑your‑own‑device (BYOD) environments that demand secure and seamless identity-first access controls.

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North America currently represents the largest regional market for IAM, thanks to its advanced tech infrastructure and rigorous regulatory mandates, while Asia‑Pacific (APAC) emerges as the fastest‑growing region due to rapid digitalization and elevated cybersecurity awareness across markets such as India and China. Among industry verticals, the banking, financial services, and insurance (BFSI) segment leads in IAM adoption, whereas healthcare is witnessing the fastest growth due to the urgent need to safeguard sensitive patient data and digitized health records.

Key Insights

• The IAM market is broken down by deployment types, with on‑premises, cloud‑based, and hybrid solutions catering to varied organizational needs. Cloud‑based platforms are gaining traction for their flexibility and cost efficiency, while on‑premises deployments remain vital for sectors demanding stringent control over infrastructure.
• The healthcare vertical, currently undergoing rapid digital transformation, is emerging as a leading growth area. IAM solutions are vital to secure electronic health records, comply with privacy regulations and support telemedicine infrastructures.
• On the regional front, North America dominates market share as of 2024, whereas APAC registers the highest CAGR—driven by increasing internet penetration, cloud usage, and heightened cybersecurity investments in major economies such as India and China.
• In terms of technological advancements, IAM is evolving with zero‑trust security models, multi‑factor authentication, and identity governance frameworks that enforce continuous verification and robust access policies across cloud and hybrid environments.
• The competitive landscape features major players such as SailPoint Technologies, Oracle, Microsoft, Broadcom, and ForgeRock, each advancing their footprint through innovations, enterprise deployments, and strategic expansions in identity governance and cloud IAM offerings.
• Segmentation by industry vertical indicates that BFSI remains the largest consumer of IAM solutions, while healthcare is rapidly scaling its investments due to increased security mandates and patient data protection requirements.
• As digital transformation accelerates, enterprises across sectors increasingly adopt IAM to manage identities across hybrid networks, enable seamless single sign-on (SSO), and enforce compliance policies in real time. This creates significant market opportunities for service providers and vendors offering scalable, AI‑driven identity controls.

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The Green Revolution: U.S. Bioplastic Market Explodes from $4.1B to $17.7B by 2032

The American bioplastic industry is experiencing unprecedented growth that signals a fundamental shift toward sustainable materials. With a market valuation of $4.1 billion in 2024, the U.S. bioplastic sector is poised for explosive expansion, projected to reach $17.7 billion by2032 while maintaining an extraordinary compound annual growth rate (CAGR) of 20.2% throughout 2025-2032. This remarkable trajectory represents more than a quadrupling of market size in just eight years, positioning bioplastics as one of the fastest-growing segments in the materials industry.

The Perfect Storm for Sustainable Materials

This exceptional growth rate reflects converging forces that are reshaping how America approaches packaging, manufacturing, and environmental responsibility. Consumer awareness of plastic pollution has reached a tipping point, with surveys consistently showing that over 70% of Americans actively seek environmentally friendly alternatives when making purchasing decisions. This consumer-driven demand is compelling manufacturers across industries to explore bioplastic solutions for packaging, disposable products, and durable goods.

Corporate sustainability commitments are accelerating adoption at an unprecedented pace. Major brands including Coca-Cola, Unilever, and McDonald's have announced ambitious targets to eliminate traditional plastics from their operations, creating massive demand for bioplastic alternatives. These corporate pledges translate directly into multi-billion-dollar procurement contracts that provide the revenue certainty necessary for bioplastic manufacturers to scale production and invest in innovation.

Regulatory Tailwinds Driving Market Expansion

Government policy at federal, state, and local levels is creating powerful incentives for bioplastic adoption. Single-use plastic bans in major cities like San Francisco, Seattle, and New York are forcing rapid market transitions that benefit bioplastic suppliers. California's comprehensive plastic reduction legislation sets precedents that other states are following, creating a cascading regulatory environment favorable to sustainable alternatives.

Federal tax incentives for renewable materials research and production are lowering barriers to entry for bioplastic manufacturers while encouraging existing chemical companies to diversify their product portfolios. The Infrastructure Investment and Jobs Act includes specific provisions supporting bio-based material development, providing crucial funding for scaling manufacturing capabilities.

Technology Breakthroughs Enabling Mass Adoption

Recent advances in biotechnology and materials science are dramatically improving bioplastic performance while reducing production costs. New fermentation processes using agricultural waste can produce bioplastic precursors at costs approaching traditional petroleum-based plastics. These technological improvements are eliminating the performance gaps that previously limited bioplastic applications to niche markets.

Third-generation bioplastics derived from algae and other non-food sources are addressing sustainability concerns about competing with food production for agricultural resources. These innovations expand the potential feedstock base while improving the environmental profile of bioplastic production, supporting long-term market growth sustainability.

Market Segmentation and Application Growth

Packaging applications continue to dominate bioplastic consumption, driven by food service, retail, and e-commerce demand for sustainable packaging solutions. However, emerging applications in automotive, electronics, and construction are creating new high-value market segments. Bioplastic automotive components offer weight reduction benefits while meeting sustainability targets, commanding premium pricing that supports market value growth.

The medical device sector represents another high-growth application area, where biocompatible and biodegradable properties provide unique advantages over traditional materials. As healthcare systems prioritize sustainability, medical bioplastics are capturing increasing market share in disposable devices, surgical instruments, and pharmaceutical packaging.

Investment and Infrastructure Development

Venture capital and private equity investment in bioplastic companies reached record levels in 2024, providing the capital necessary for rapid capacity expansion. Major chemical companies including BASF, DuPont, and Dow are establishing dedicated bioplastic divisions and investing billions in production facilities across the United States.

Geographic clustering around agricultural regions and ports is creating bioplastic manufacturing hubs that leverage feedstock availability and logistics advantages. The Midwest, Gulf Coast, and Pacific Northwest are emerging as centers of bioplastic production, supported by state-level incentives and existing chemical industry infrastructure.

Challenges and Market Realities

Despite impressive growth projections, the bioplastic industry faces significant challenges in achieving the $17.7 billion target. Scaling production while maintaining cost competitiveness requires continued technological advancement and operational excellence. Supply chain development for specialized feedstocks and processing equipment remains complex and capital-intensive.

Consumer education about proper disposal and composting of bioplastics is essential for maintaining environmental benefits and public support. Misleading marketing or inadequate waste management infrastructure could undermine consumer confidence and slow adoption rates.

The Path to $17.7 Billion

The 20.2% CAGR toward $17.7 billion by 2032 appears achievable given current market dynamics and investment trends. Success will depend on continued innovation, supportive policy environments, and sustained consumer demand for sustainable alternatives. The bioplastic revolution is transforming American manufacturing while positioning the United States as a global leader in sustainable materials technology.

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Driving Growth: U.S. Auto Parts Market Accelerates from $32.2B to $48.2B by 2032

The American automotive aftermarket is experiencing a remarkable transformation, with the U.S. auto parts market demonstrating impressive resilience and growth potential. Valued at $32.2 billion in 2024, industry analysts project this market will expand at a compound annual growth rate (CAGR) of 5.2% through 2025-2032, ultimately reaching $48.2 billion by the end of the forecast period. This steady growth trajectory reflects fundamental shifts in vehicle ownership patterns, technological advancement, and consumer behavior that are reshaping the automotive landscape.

The Foundation of Sustained Growth

Several key factors are driving this consistent market expansion. The average age of vehicles on American roads continues to climb, now exceeding 12 years, creating sustained demand for replacement parts and maintenance components. As vehicles age beyond warranty periods, consumers increasingly turn to aftermarket solutions for repairs and upgrades, fueling market growth across multiple product categories.

The complexity of modern vehicles paradoxically supports market expansion. While advanced automotive technologies might seem to reduce DIY repair opportunities, they actually create new categories of specialized parts and components. From advanced driver assistance system sensors to hybrid battery components, technological evolution continuously generates fresh revenue streams for auto parts manufacturers and retailers.

Market Segmentation and Product Categories

The auto parts market encompasses diverse product segments, each contributing to overall growth. Engine components, including filters, belts, and gaskets, represent traditional high-volume categories with steady replacement demand. However, electronic components are experiencing particularly robust growth as vehicles incorporate increasingly sophisticated infotainment, safety, and connectivity systems.

Performance and customization parts constitute another dynamic segment, driven by enthusiast communities and younger consumers seeking to personalize their vehicles. This category commands premium pricing while fostering brand loyalty and repeat purchases. Meanwhile, maintenance items like oil, brake pads, and tires provide consistent, predictable revenue streams that anchor the market's stability.

Distribution Channel Evolution

The pathway from manufacturer to consumer has evolved dramatically, with e-commerce platforms capturing increasing market share. Online retailers offer comprehensive catalogs, competitive pricing, and convenient delivery options that traditional brick-and-mortar stores struggle to match. However, professional installation services and immediate availability needs ensure physical locations remain relevant, particularly for complex or urgent repairs.

Automotive service chains and independent mechanics represent crucial intermediary customers, purchasing parts in bulk for installation services. This B2B segment often drives volume sales and long-term partnerships between parts manufacturers and service providers, creating stable revenue foundations for market participants.

Technological Disruption and Opportunities

Electric vehicles present both challenges and opportunities for the auto parts market. While EVs require fewer traditional maintenance items like oil changes and exhaust components, they generate demand for specialized parts including battery management systems, charging components, and electric motor parts. Forward-thinking manufacturers are investing heavily in EV-specific product lines to capture this emerging segment.

Advanced manufacturing techniques, including 3D printing and precision machining, are enabling smaller companies to compete with established players by producing specialized or custom parts efficiently. This democratization of manufacturing capability is fostering innovation and expanding product availability across niche applications.

Regional Market Dynamics

Geographic distribution of auto parts demand reflects broader economic and demographic patterns. States with harsh weather conditions drive higher consumption of seasonal items like batteries, tires, and heating components. Meanwhile, regions with older vehicle fleets generate consistent demand for replacement parts across all categories.

The growth of suburban and rural populations, where vehicle dependency is highest, supports sustained market expansion. These areas typically maintain vehicles longer and perform more DIY maintenance, creating robust demand for aftermarket parts and accessories.

Future Market Outlook

The projected growth to $48.2 billion by 2032 appears well-supported by underlying market fundamentals. Vehicle parc growth, technological advancement, and evolving consumer preferences create multiple growth vectors that should sustain the 5.2% CAGR throughout the forecast period.

Supply chain resilience and domestic manufacturing capabilities are becoming increasingly important competitive factors, particularly following recent global disruptions. Companies investing in local production and diversified sourcing are positioning themselves advantageously for long-term market leadership.

The U.S. auto parts market's trajectory toward $48.2 billion reflects a mature industry successfully adapting to technological change while maintaining strong fundamentals rooted in America's automotive culture and infrastructure needs.

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Global Quantum Computing Market Set for 32.9% CAGR Growth Through 2032 Amid Rising Industry Demand

According to the latest market research study published by P&S Intelligence, the global quantum computing market was valued at approximately USD 1.2 billion in 2024 and is projected to surge to USD 11.8 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 32.9% over the forecast period.

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This exceptional growth is being powered by rapid advancements in underlying quantum technologies, expanding use cases across industries, and significant investment and government support bolstering research and development. As enterprises and research institutions pursue next‑generation computational capabilities, quantum computing is fast progressing from experimental to applied phases. Trends such as optimized quantum algorithms, enhanced qubit stability, and scalable architectures are accelerating the transition toward commercial deployment. Regulatory frameworks and collaborative initiatives at national and international levels are further supporting the maturation of the market.

Key Insights

• The market is segmented by offering (hardware, software, services), deployment mode (on‑premises vs. cloud), technology type (e.g., superconducting qubits, trapped ions, quantum annealing), and application end‑uses (optimization, simulation, machine learning support). Each segment is witnessing tailored innovation and investment.
• On the regional front, North America leads due to its strong R&D base and government funding, while Asia-Pacific is gaining momentum—attracted by industrial digitization and supportive government programs. Europe also shows steady growth as public–private quantum projects expand.
• Technological progress is being driven by increased qubit coherence times, algorithmic development, error‑correction mechanisms, and integration with classical computing through hybrid systems. Such advances are enabling more robust and scalable quantum platforms.
• Competitive dynamics involve key players investing heavily in both hardware and software ecosystems. Emerging firms alongside established technology giants are positioning themselves for early mover advantages across enterprise, government and academic sectors.
• Applications in optimization (particularly supply chain and logistics), simulation (molecular modeling, materials discovery), and quantum‑enhanced machine learning present significant commercial opportunities. Growing industry awareness and pilot adoptions are opening new market avenues.
• The shift toward cloud‑based quantum services is lowering barriers to access, enabling organisations to experiment without direct investment in costly infrastructure. Cloud deployment is expected to gain larger share over time.
• Demand is being led by sectors such as pharmaceuticals, aerospace & automotive, financial services, and energy, where quantum computation promises transformative operational advantages.
• Government initiatives and public funding in quantum initiatives—often tied to national strategic interests—are fostering infrastructure development and collaborations, further accelerating the ecosystem.
• Despite rapid momentum, barriers such as scalability of qubit architectures, high error rates, and talent shortages in quantum algorithm development and hardware engineering remain and are being addressed through focused research and training programs.

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The Electric Revolution: U.S. EV Charging Market Set for Explosive Growth

The United States electric vehicle charging infrastructure is experiencing unprecedented momentum, with market valuations painting a picture of extraordinary growth ahead. The sector, valued at USD 5.2 billion in 2024, is projected to skyrocket to USD 38.6 billion by 2032, representing a remarkable compound annual growth rate of 29.5% during the 2025-2032 period. This explosive expansion reflects America's accelerating transition toward sustainable transportation and the critical infrastructure needed to support it.

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Driving Forces Behind the Charging Revolution

Several interconnected factors are propelling this dramatic market expansion. Federal and state government initiatives play a pivotal role, with the Biden administration's Infrastructure Investment and Jobs Act allocating $7.5 billion specifically for EV charging infrastructure development. This substantial public investment is catalyzing private sector participation and creating a foundation for nationwide charging network expansion.

The automotive industry's commitment to electrification serves as another powerful catalyst. Major manufacturers including General Motors, Ford, and Tesla continue announcing aggressive EV production targets, with many pledging to phase out internal combustion engines entirely within the next two decades. This manufacturing shift creates an urgent need for comprehensive charging infrastructure to support millions of new electric vehicles entering the market annually.

Consumer adoption patterns are also shifting dramatically. Range anxiety, once a primary barrier to EV adoption, is diminishing as charging networks expand and battery technologies improve. Today's consumers increasingly view electric vehicles as practical alternatives to traditional gasoline-powered cars, driving demand for convenient, reliable charging solutions across residential, commercial, and public spaces.

Technology Advancements Accelerating Growth

The charging infrastructure landscape is evolving rapidly through technological innovation. Ultra-fast charging stations capable of delivering 350kW or higher are becoming more prevalent, reducing charging times from hours to minutes. These high-power charging solutions are particularly crucial for long-distance travel and commercial fleet operations, addressing key adoption barriers that previously limited EV market penetration.

Smart charging technologies are revolutionizing how consumers interact with charging infrastructure. Advanced systems now offer features like remote monitoring, dynamic pricing, mobile app integration, and grid integration capabilities. These innovations enhance user experience while optimizing energy distribution and reducing operational costs for charging network operators.

Vehicle-to-grid technology represents another frontier with significant market implications. This bidirectional charging capability allows EVs to feed electricity back into the power grid during peak demand periods, creating new revenue streams for vehicle owners and supporting grid stability as renewable energy sources become more prevalent.

Market Segmentation and Opportunities

The charging infrastructure market encompasses diverse segments, each presenting unique growth opportunities. Residential charging solutions, including Level 2 home chargers and smart charging systems, represent the largest market segment as homeowners seek convenient overnight charging options. This segment benefits from utility rebates, tax incentives, and decreasing equipment costs.

Commercial and workplace charging infrastructure is experiencing rapid expansion as businesses recognize the value of offering charging amenities to employees and customers. Retail locations, hotels, restaurants, and office complexes are increasingly installing charging stations as competitive differentiators and revenue generators.

Public fast-charging networks along highways and urban corridors represent the most visible aspect of infrastructure development. Companies like Electrify America, ChargePoint, and EVgo are aggressively expanding their networks, while traditional fuel retailers are adding EV charging capabilities to their service offerings.

Challenges and Strategic Considerations

Despite promising growth projections, the industry faces significant challenges. Grid capacity constraints in some regions may limit rapid charging station deployment, requiring substantial utility infrastructure investments. Supply chain disruptions and skilled labor shortages could also impact installation timelines and equipment availability.

Standardization remains an ongoing concern as different charging protocols and connector types create complexity for consumers and operators. However, industry efforts toward universal charging standards are gaining momentum, promising simplified user experiences and broader interoperability.

Looking Ahead: A Transformed Transportation Landscape

The projected growth from USD 5.2 billion to USD 38.6 billion represents more than financial opportunity; it signals a fundamental transformation in American transportation infrastructure. This expansion will create thousands of jobs, reduce transportation emissions, and establish the foundation for widespread EV adoption across all vehicle segments.

As this market evolution unfolds, stakeholders across the ecosystem must collaborate to ensure infrastructure development keeps pace with vehicle adoption, creating a seamless, reliable charging experience that supports America's electric future.

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Southern U.S. Emerges as Fastest-Growing Cybersecurity Hub Amid National Market Surge

According to the latest market research study published by P&S Intelligence, the U.S. cybersecurity market was valued at USD 82.4 billion in 2024 and is projected to reach USD 165.1 billion by 2032, driven by a steady CAGR of 9.2% during 2025–2032.

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This strong growth is fueled by a notable surge in cyber threats—particularly malware, phishing, and large-scale attacks—prompting organizations to aggressively fortify their data protection and IT infrastructure.

The rising digital transformation across industries, coupled with broader high-speed internet access, is increasing exposure to cyber risks. Intensive regulatory requirements around data security, together with heightened public awareness of cyber vulnerabilities, are also key growth drivers.

Key Insights

• Market fragmentation: The U.S. cybersecurity domain remains highly fragmented, featuring numerous major players alongside a vibrant ecosystem of smaller, agile competitors.

• Regional dynamics: The Western U.S. accounts for the largest market share (around 45%), driven by hubs like Silicon Valley and Seattle. Meanwhile, the Southern U.S. is the fastest-growing region—boasting a 14% regional growth rate—by virtue of flourishing tech clusters in areas like Austin and Atlanta.

• Component segmentation: “Solutions” comprise 60% of the market, with identity & access management, data loss prevention, firewalls, encryption, and antivirus tools leading the charge. Meanwhile, services—especially managed services—are the fastest-growing segment, thanks to demand for continuous monitoring, consulting, and training.

• Security type shift: Network security remains the dominant category due to its essential role in thwarting intrusions. But cloud security is the fastest-growing sub-segment, posting a double-digit CAGR of 10%, driven by accelerated data migration to cloud platforms.

• Deployment trends: On-premises solutions currently hold the largest share—particularly in sectors like healthcare, BFSI, and defense governed by data-control regulations—while cloud deployment is growing most rapidly as enterprises seek cost-efficient, scalable alternatives.

• Enterprise demographics: Large enterprises currently lead the market due to their expansive operations and high-value data stores. Yet, SMEs are the fastest-growing segment, with a 14% CAGR, driven by increasing cyber threats and their adoption of scalable, cost-effective cloud security options.

• Industry vertical insights: The BFSI sector is the largest user, predicated on the protection of highly regulated financial data. However, healthcare exhibits the fastest growth pace—fueled by rapid EHR adoption and increased IoT-based vulnerabilities.

• Growth drivers: A confluence of factors—including the rising frequency of data breaches (with an estimated USD 12.5 billion losses in 2023, averaging 2,412 daily complaints), bolstered cybersecurity protocols via CISA executive orders, and escalating regulatory measures—are compelling enterprises to embrace solutions like endpoint protection, zero‑trust frameworks, and multi-factor authentication.

• Tech advancements: The integration of AI and ML is reshaping the cybersecurity landscape—enabling proactive threat detection and automated intelligence but also empowering adversaries.

• Expansion opportunities: Key growth areas include managed detection & response, cloud-native security, IoT protection, endpoint defense for remote workers, and compliance automation—each designed to address the evolving spectrum of cyber threats.

• Leading market players: The terrain is dominated by established giants—such as Cisco, Palo Alto Networks, IBM, Broadcom, Fortinet, Trend Micro, Check Point, Juniper, FireEye, McAfee, CrowdStrike, and Dell Technologies—who leverage strategic M&A to expand portfolios and fortify market share.

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