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Actuators Industry worth $94.8 billion by 2029

According to a research report "Actuators Market by Actuation (Electric, Hydraulic, Pneumatic), Application (Industrial Automation, Robotics, Vehicle Equipment), Type (Linear Actuator, Rotary Actuator), Vertical (FnB, Oil & Gas, Mining) and Region - Global Forecast to 2029" The Actuators market is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029. The growth can be attributed to growing industrial automation and use of robots in various sectors like manufacturing and transportation, Developments in areas like sensor technology, connectivity, and control systems, The increasing demand for actuators is fueled by the expansion of sectors like healthcare (medical devices), oil & gas, and aerospace & defense, and The need for improved process control, energy efficiency, and safety regulations in various industries.

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March 29, 2024

Rail Composites Market worth $2.4 billion by 2028

The report "Rail Composites Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin Type (Polyester, Phenolic, Epoxy, Vinyl Ester), Manufacturing Process (Lay-up, Injection Molding, Compression Molding, RTM), Application, & Region - Global Forecast to 2028", is estimated at USD 1.7 billion in 2023 and is projected to reach USD 2.4 billion by 2028, at a CAGR of 7.2% from 2023 to 2028. A composite is manufactured by physically combining two or more materials (components) to produce a blend of structural properties not present in any individual component. Composite those are used in rail interior, exterior, and other components are considered as rail composite. The rail composites market is mainly dominated by glass composites. The market of carbon composite is significantly smaller than that of glass composite, which is the main reason for its oligopolistic market structure.

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March 29, 2024

Micro-Electro-Mechanical System (MEMS) Industry worth $24.2 billion by 2029

The report "Micro-Electro-Mechanical System (MEMS) Market by Sensor Type (Inertial Sensor, Pressure Sensor, Microphone), Actuator Type (Optical, Radio Frequency), Vertical (Automotive, Consumer Electronics, Industrial) and Region - Global Forecast to 2029" The Micro-electro-mechanical System (MEMS) market is projected to grow from USD 16.5 billion in 2024 and is estimated to reach USD 24.2 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.9% from 2024 to 2029. The growth of the MEMS  market is driven by the growing adoption of RF MEMS technology in consumer electronics and LTE networks, Proliferation of IoT devices by manufacturing firms, Growing adoption of smart consumer electronics.

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March 29, 2024

Closed System Transfer Devices Market worth $2.5 billion in 2029

The report "Closed System Transfer Devices Market by Type (Membrane-to-Membrane, Needleless), Technology, Component (Vial Access Device, Male luer, Bag Spike, Female Component), End User (Hospitals & Clinics, Oncology Center) - Global Forecast to 2029", is projected to reach USD 2.5 billion in 2029 from USD 1.1 billion in 2024, at a CAGR of 14.5% between 2024 and 2029.

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March 29, 2024

Wireless Testing Industry worth $34.1 billion by 2029

The report "Wireless Testing Market by Offering (Equipment, Services), Technology (5G, Bluetooth, Wi-Fi, 2G/3G, 4G/LTE, GPS/GNSS), Application (Consumer Electronics, IT & telecommunication, Medical Devices, Aerospace & Defense) & Region - Global Forecast to 2029" The wireless testing market is projected to grow from USD 22.6 billion in 2024 to USD 34.1 billion by 2029, registering a CAGR of 8.6% during the forecast period. The market growth is attributed to Advancements in wireless technology and gowing popularity of automated cars. Furthermore, the adoption of Wi-Fi 6 (802.11ax) and Wi-Fi 6E with enhanced wireless capabilities, including high data rates and improved efficiency  is expected to create lucrative opportunities for the market.

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March 28, 2024

Americas Cables Market worth $10.9 billion by 2029

According to a research report "Americas Cables Market by Polymer and Insulation Type (Semiconducting polymer, XLPE, EPR, HEPR, low Voltage Cables), Semiconducting Layer (Inner & Outer Semiconducting layer), Application, Voltage, End User & Region – Global Forecast to 2029" published by MarketsandMarkets, the Americas Cables market is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period.

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March 28, 2024

Automotive Fabrics Market worth $51.4 billion by 2029

The report "Automotive Fabrics Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Trucks, Buses & Coaches), Application (Floor Coverings, Upholstery, Pre-Assembled Interior Companents, Tires, Safety-Belts, Airbags)- Global Forecast to 2029", size is estimated to be USD 40.5 billion in 2024 and is projected to reach USD 51.4 billion by 2029, at a CAGR of 4.9%, between 2024 and 2029.

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March 28, 2024

Predictive Maintenance Industry worth $47.8 billion by 2029

According to a research report "Predictive Maintenance Market by Component (Hardware, Solution (Deployment Mode), & Services), Technology, Technique (Vibration Analysis, Infrared Thermography, Motor Circuit Analysis), Organization Size, Vertical, & Region - Global Forecast to 2029" published by MarketsandMarkets, the market for predictive maintenance is estimated to grow from USD 10.6 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1% during the forecast period. The driving factors for the predictive maintenance market include the widespread adoption of emerging technologies like IoT sensors and data analytics, enabling real-time monitoring of equipment health. The integration of machine learning (ML) and artificial intelligence (AI) algorithms allows for predictive analysis of potential failures, reducing downtime and optimizing asset performance. Organizations are increasingly focused on cost savings and operational efficiency, driving the need for proactive maintenance strategies to minimize unplanned downtime and maximize productivity. Additionally, regulatory requirements and the shift towards predictive analytics-driven decision-making further contribute to the growth of the predictive maintenance market.

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March 28, 2024

Retail Analytics Industry worth $25.0 billion by 2029

According to a research report "Retail Analytics Market by Offering (Software, Services), Business Function (Sales and Marketing, Finance and Accounting), Application (Order Fulfillment and Returns Management, Merchandize Planning), End User and Region - Global Forecast to 2029" published by MarketsandMarkets, the retail analytics market is projected to grow from USD 8.5 billion in 2024 to USD 25.0 billion by 2029, at a compound annual growth rate (CAGR) of 24.0% during the forecast period. The retail analytics market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing increasing adoption of omni-channel retail strategies, exponential growth of e-commerce platforms, and proliferation of data generated through diverse channels is also responsible for driving the market’s growth.

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March 28, 2024

Endoscopy Equipment Market worth $46.2 billion by 2029

The report "Endoscopy Equipment Market by Product (Endoscope (Flexible, Disposible, Rigid, Capsule, Robot-assisted), Visualization Systems (Video Converters, Recorders, Processors)), Application, End User, and Region - Global Forecast to 2029", is projected to reach USD 46.2  billion by 2029 from USD 32.3  billion in 2024, at a CAGR of 7.4%.

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March 28, 2024

ADAS Market worth 655 million Units by 2030

According to a research report "ADAS Market by Offering (Hardware (Camera, Radar, LiDAR, Ultrasonic, ECU), Software (Middleware, Application Software & OS)), System Type, Vehicle Type (PC, LCV, HCV), Level of Autonomy, Vehicle Class, EV type and Region - Global Forecast to 2030" published by MarketsandMarkets, the global ADAS market size is projected to grow from 334 Million Units in 2024 to 655 Million Units by 2030, at a CAGR of 11.9%. The increasing demand for electric and autonomous vehicles is expected to increase the demand for ADAS. Additionally, continuous innovation in connected car features will boost the demand for ADAS.

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March 27, 2024

In Vitro Diagnostics Market worth $119.4 billion by 2029

The report "In Vitro Diagnostics Market by Product & Service (Instruments, Kits, Software), Technology (Immunoassay, Hematology, Urinalysis), Specimen (Blood, Saliva), Test Type, Application (Oncology, Autoimmune, CVD, Infectious Diseases) - Global Forecast to 2029", is projected to reach USD 119.4 billion by 2029 from USD  85.2 billion in 2024, at a CAGR of 6.9% during the forecast period. Growth in the IVD market is mainly driven by the growing awareness of early diasease diagnosis, emergence of rapid PoC technologies, and rising adoption of automated analyzers. Introduction of disease-specific biomarkers and tests, and growth opportunities in emerging economies also contribute to the growth of the IVD market. However, an unfavorable reimbursement scenario is expected to restrain the growth of this market during the forecast period.

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March 27, 2024

Image Recognition Industry worth $98.6 billion by 2029

According to a research report "Image Recognition Market by Offering (Hardware, Software, Services), Technology (QR/barcode, Digital Image Processing, Facial Recognition ), Application Area ,Organization Size, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the global image recognition market will grow from USD 46.7 billion in 2024 to USD 98.6 billion by 2029 at a compounded annual growth rate (CAGR) of 16.1% during the forecast period.  

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March 27, 2024

PLGA Market worth $321 Million by 2030

The report "PLGA Market by Composition, Application (Medical, Non-Medical Applications), Processibility (Extrusion, Injection Molding), End-Use Industry (Healthcare, Biotech Firms, Medical Institutions, Packaging, Textile, Agriculture) - Global Forecast to 2030", is projected to reach USD 321 Million by 2030, at a CAGR of 16.6% from USD 125 Million in 2024.

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March 27, 2024

Solid State Cooling Industry worth $1.5 billion by 2029

The report "Solid State Cooling Market by Product (Refrigerators, Freezers, Air Conditioners, Chillers, Coolers), Type (Single-stage, Multi-stage, Thermocycler), Technology (Thermoelectric, Electrocaloric, Magnetocaloric), Vertical, Region - Global Forecast to 2029" The global solid state cooling  market is expected to be valued at USD 0.8 billion in 2024 and is projected to reach USD 1.5 billion by 2029; it is expected to grow at a CAGR of 13.6% from 2024 to 2029. As companies and consumers seek innovative and sustainable cooling solutions, the solid-state cooling market continues to expand, driven by the need for more efficient thermal management solutions in an increasingly interconnected and energy-conscious world.

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March 27, 2024

Cell Culture Market worth $57.9 billion by 2029

The report "Cell Culture Market by Product (Consumables (Media, Sera, Reagents), Vessels (Roller Bottle, Cell Factory, Flask), Equipment (SU Bioreactor, Storage, Incubators, Filtration)), Application (mAbs, Vaccines, Regenerative Medicine) - Global Forecast to 2029", is projected to reach USD 57.9 billion by 2029 from an estimated USD 30.9 billion in 2024, at a CAGR of 13.4% during the forecast period of 2024 to 2029. Some of the factors contributing to the growth of the global cell culture market includes increasing fundings and support from government and private organizations for cell-based research, growing popularity for biosimilars and monoclonal antibodies, and growth in advanced therapy medicinal products. However, high cost of cell biology research and limitations in producing high density cell culture are expected to hinder market growth.

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March 26, 2024

Enterprise Video Industry worth $35.8 billion by 2029

According to a research report "Enterprise Video Market by Offering (Solutions and Services), Application (Corporate Communications, Training & Development, and Marketing & Client Engagement), Deployment Model, Organization Size, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the Enterprise video market size is expected to grow from USD 23.8 billion in 2024 to USD 35.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period. Some crucial driving factors that leverage market growth include enhanced employee engagement and training, globalization and cross-border communication, integration of AI and analytics in video solutions, and demand for personalized customer experiences, among others.

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March 26, 2024

Yeast Industry worth $8.5 billion by 2029

According to a research report "Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotic Yeast), Application (Food, Feed), Form (Fresh, Instant, Active), Genus (Saccharomyces, Kluveromyces), Yeast extract (Qualitative) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global yeast market, estimated to be valued at USD 5.5 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 8.5 billion by 2029, indicating a robust CAGR of 8.9% during the forecast period. The yeast market has experienced significant growth in recent years, driven by the expanding demand for bakery products, alcoholic beverages, and animal feed. With yeast being a crucial ingredient in these sectors, advancements in biotechnology and fermentation processes have enabled manufacturers to produce high-quality yeast strains efficiently.

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March 26, 2024

Core Materials Market worth $3.0 billion by 2028

The report "Core Materials Market by Type (Foam, Balsa, and Honeycomb), End- use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Region - Global Forecast to 2028", size is 1.6 billion in 2023 and is estimated to reach USD 3.0 billion by 2028, at a CAGR of 13.5%, during the forecast period.

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March 26, 2024

Optical Transceiver Industry worth $25.0 billion by 2029

According to a research report "Optical Transceiver Market by Form Factor (SFF and SFP; SFP+ and SFP28; XFP; CXP), Data Rate, Wavelength, Fiber Type (Single-mode Fiber; Multimode Fiber), Connector (LC; SC; MPO; and RJ-45), Protocol, Application and Region - Global Forecast to 2029" The optical transceiver market is valued at USD 13.6 billion in 2024 and is expected to reach USD 25.0 billion by 2029, growing at a CAGR of 13.0% from 2024 to 2029 The key factors contributing to the growth of the optical transceiver market include emerging focus on 5G networks, and increasing popularity of bandwidth-intensive applications like virtual reality (VR) and augmented reality (AR). Optical transceivers are uniquely poised to meet the needs of bandwidth-intensive applications such as VR and AR due to their ability to provide high bandwidth and low latency. These devices can efficiently transmit the large volumes of data associated with rendering detailed VR environments or overlaying digital objects onto the real world in AR.

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March 26, 2024

Electric Heat Tracing Industry worth $4.34 billion by 2029

The report "Electric Heat Tracing Market by Type (Self-regulating, Constant Wattage, Mineral-insulated), Component (Heat Tracing Cables, Control & Monitoring Systems, Thermal Insulation Materials, Power Connection Kits), Vertical - Global Forecast to 2029" The Electric Heat Tracing market is projected to grow from USD 2.96 billion in 2024 to USD 4.34 billion by 2029; it is expected to grow at a CAGR of 7.9% from 2024 to 2029. The market's growth is propelled by a rising inclination towards electric heat tracing systems compared to conventional steam tracing methods. Factors like heightened demand for energy-efficient electric heat tracing systems and cost-effectiveness in terms of maintenance contribute significantly to the overall expansion of the electric heat tracing market.

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March 25, 2024

Recloser Industry worth $1.5 billion by 2030

According to a research report "Recloser Market by Phase (Three-phase, Single-phase, and Triple Single-phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, air, and epoxy) Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for recloser is projected to reach approximately USD 1.5 billion by the year 2030, as compared to the estimated value of USD 1.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 5.0% over the forecast period.

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March 25, 2024

Smart Factory Industry worth $164.0 billion by 2029

The report "Smart Factory Market size by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems), Solution (SCADA, Manufacturing Execution System, Industrial Safety, PAM), Industry and Region - Global Forecast to 2029" The global Smart factory market is expected to grow from USD 100.6 billion in 2024 to USD 164.0 billion by 2029, registering a CAGR of 10.3%. The smart factory market is witnessing strong global growth due to the widespread adoption of Industry 4.0 technologies. The incorporation of automation, IoT, and AI in manufacturing processes is enhancing operational efficiency, reducing expenses, and optimizing production. The increasing demand for intelligent manufacturing solutions is driving the expansion of the smart factory market on a global scale.

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March 25, 2024

Cold Chain Industry worth $372.0 billion by 2029

According to a research report "Cold Chain Market by Type, Temperature Type (Chilled, Frozen, and Deep-frozen), Application (Food & Beverages, Pharmaceuticals), Technology( Blast Freezing, Vapor Compression,Programmable Logic Controller) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global cold chain market, valued at USD 228.3 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 372.0 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 10.3% during the forecast period. The growth of the organized retail sector has significantly bolstered the demand for the cold chain market. A report by the Retailers Association of India (RAI) indicates that sales in the organized retail sector surged by 34% in 2022-23 compared to pre-pandemic levels in FY20. This growth was primarily fueled by increased demand in quick-service restaurants, and electronics. Organized retailers, including supermarkets and hypermarkets, require efficient cold chain logistics to preserve perishable goods' quality. This includes fruits, vegetables, bakery, dairy, electronics, and meats. Additionally, changing consumer preferences towards frozen and chilled foods have intensified the need for robust cold chain networks to ensure consistent supply across stores. Stringent food safety regulations further underscore the importance of effective cold chain management in the retail sector.

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March 25, 2024

Semiconductor & IC packaging materials Market worth $70.9 billion by 2029

The report "Semiconductor & IC Packaging Materials Market by Type (Organic substrate, Bonding wires, Leadframes, Encapsulation resins, Ceramic packages, Die attach materials, Solder balls), Packaging Technology, End-use industry, and Region - Global Forecast to 2029", is 43.9 billion in 2024 and is projected to reach USD 70.9 billion by 2029, at a CAGR of 10.1%.

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March 25, 2024

Aircraft Landing Gears Industry worth $9.1 billion by 2028

The report "Aircraft Landing Gears Market by Type (Main Landing Gears, Nose Landing Gears), End User (OEM, Aftermarket), Platform (Fixed-wing, Rotary-wing, Unmanned Aerial Vehicles, Advanced Air Mobility), Subsystem and Region - Global Forecast to 2028" The aircraft landing gears market is estimated to be USD 7.1 billion in 2023, and projected to reach USD 9.1 billion by 2028, at a CAGR of 5.0% from 2023 to 2028. The aviation industry is experiencing a rise in global air traffic leading to increase in demand for new aircraft. Aircraft manufacturers are focusing on developing lighter and more fuel-efficient landing gear systems. Growth in the military sector is leading to a higher demand for specialized landing gear. These are among some of the factors that are providing growth for the aircraft landing gears market.

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March 22, 2024

Non-meat Ingredients Industry worth $51.1 billion by 2029

According to a research report "Non-meat Ingredients Market by End-Use Applications (Fresh Meat, Processed and Cured Meats, Marinated, Ready-To-Eat Meat Products, Frozen Meat Products, and Convenience Food), Ingredient Type, Ingredient Source, Form and Region - Global Forecast to 2029" published by MarketsandMarkets, the global non-meat ingredients market, valued at USD 41.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 51.1 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 4.4% during the forecast period. Non-meat ingredients play a pivotal role in differentiating meat products in a crowded market, providing manufacturers with a palette to craft unique flavors and textures. In the fiercely competitive meat industry, where product differentiation is key, non-meat ingredients offer a pathway to stand out. By leveraging non-meat ingredients, manufacturers can create a diverse range of flavors and textures, elevating their products beyond the standard fare and catering to evolving consumer preferences.

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March 22, 2024

Automotive Ceramics Market worth $3.2 billion by 2028

The report "Automotive Ceramics Market by Material (Alumina Oxide, Titanate Oxide, Zirconia Oxide), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Application (Engine Parts, Exhaust Systems, Automotive Electronics), and Region - Global Forecast to 2028", automotive ceramics market is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD  2.4 billion in 2023 to USD  3.2 billion by 2028. The automotive ceramics demand is rising as the industry prioritizes lightweight and durable materials to boost fuel efficiency, control emissions, and enhance vehicle performance. The increasing embrace of electric vehicles and stringent environmental standards amplify ceramics pivotal role in crucial components such as exhaust systems, engine parts, and automotive electronics. This drives the overall expansion of the market, emphasizing the significance of ceramics in meeting evolving industry requirements.

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March 22, 2024

Microgrid Controller Industry worth $18.7 billion by 2029

The report "Microgrid Controller Market by Connectivity (Grid-connected, Off-grid), Offering (Hardware, Software & Services), End User (Commercial & Industrial, Military, Government, Institutes & Campuses, Healthcare) and Region - Global Forecast to 2029" The microgrid controller market is expected to reach USD 18.7 billion by 2029 from USD 6.8 billion in 2024, at a CAGR of 22.6% during the 2024-2029 period. Various companies are investing in microgrid controller which gives an opportunity for growth in the microgrid controller market. The microgrid controller market is continuously developing, with the presence of multiple players. Americas is likely to contribute significantly to the growth of the microgrid controller market. Similarly, the Asia Pacific, RoW and Europe regions are expected to be the growing market for the forecasted period.

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March 22, 2024

Decision Intelligence Industry worth $50.1 billion by 2030

According to a research report "Decision Intelligence Market by Offering (Platforms, Solutions (Integrated & Standalone), Services), Type (Decision Automation, Decision Augmentation, Decision Support System (DSS)), Business Function, Vertical and Region - Global Forecast to 2030" published by MarketsandMarkets, the market for decision intelligence is estimated to grow from USD 13.3 billion in 2024 to USD 50.1 billion in 2030, at a CAGR of 24.7% during the forecast period. Several trends fuel the global spread of Design Intelligence (DI). Increasingly affordable computing power allows complex AI models to run efficiently. Businesses see the value of data-driven insights for improving products, operations, and marketing. A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of DI for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.

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March 22, 2024

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