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Process Mining Market Revolution: AI, RPA, Cloud Power the Future

Process mining market is expected to grow at a compound annual growth rate (CAGR) of 45.6% over the course of the forecast period, from an anticipated USD 1.8 billion in 2023 to USD 12.1 billion by 2028.

To know about the assumptions considered for the study download the pdf brochure

Here are the Emerging trends in the global Process Mining Market:

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September 24, 2027

Zero Trust Architecture Market Size, Share and Future Prospects

The size of the worldwide zero trust architecture market is expected to increase from USD 17.3 billion in 2023 to USD 38.5 billion by 2028, At a Compound Annual Growth Rate (CAGR) of 17.3% over the course of the forecast period

To know about the assumptions considered for the study download the pdf brochure

The Zero Trust Architecture Market is experiencing significant growth driven by a compelling mix of factors that make this security approach increasingly attractive for organizations:

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June 24, 2026

Blockchain Interoperability Market Booming: Size and Share, Key Drivers for Explosive Growth

The size of the worldwide market for blockchain interoperability is anticipated to increase at a compound annual growth rate of 27.2% from USD 0.3 billion in 2023 to USD 1.0 billion by 2028.

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July 10, 2024

Wi-Fi 7 Market : Emerging Trends Analysis

The Wi-Fi 7 market is expected to reach USD 24.2 billion by 2030 from its estimated USD 1.0 billion 2023.With a compound annual growth rate (CAGR) of 57.2%

To know about the assumptions considered for the study download the pdf brochure

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June 26, 2024

Top Companies in ModelOps Industry - IBM (US), Google (US) and SAS Institute (US)

The ModelOps Market is expected to grow from USD 5.4 billion in 2024 to USD 29.5 billion in 2029, at a CAGR of 40.2% during the forecast period. ModelOps, short for Model Operations, is the systematic approach to managing and operationalizing machine learning models within an enterprise. It encompasses the end-to-end model development, deployment, monitoring, and maintenance lifecycle. ModelOps aims to ensure models are deployed efficiently, perform reliably, and are updated as needed to adapt to changing data and business conditions. This discipline integrates best practices from DevOps, data engineering, and data science to streamline workflows, enhance collaboration, and improve the scalability and governance of AI initiatives, thereby maximizing their value and alignment with organizational objectives.

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June 25, 2024

Modular Automation Companies - ABB (Switzerland) and Festo Inc. (Germany) are the Key Players

The Modular Automation Market is expected to be valued at USD 4.8 billion in 2024 and is projected to reach USD 7.0 billion by 2029 and grow at a CAGR of 7.9% from 2024 to 2029. Product launches, acquisitions, partnerships, collaborations, agreements, and expansions are the major growth strategies the market players adopt. These strategies have enabled them to efficiently fulfil the growing demand for Modular Automation Market and expand their global footprint by offering their product and services in all the major regions.

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June 25, 2024

Top Companies in Offshore Support Vessel Industry - A.P. Moller - Maersk (Denmark), Tidewater Inc. (US) and BOURBON (France)

The global offshore support vessel market is expected to reach USD 36.3 billion by 2029, up from an anticipated USD 25.6 billion in 2024, at a CAGR of 7.2% over the forecast period. offshore support vessel occupies a crucial position in the ongoing global energy transition. Fluctuations in global energy demand and shifts towards cleaner energy sources impact the utilization of offshore support vessel in both traditional hydrocarbon and renewable energy sectors.

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June 25, 2024

Market Leader - Grease Market

In terms of value, the grease market is estimated to grow from USD 6.2 billion in 2024 to USD 7.4 billion by 2029, at a CAGR of 4.2%. Grease market have grown as the demand from end-use industries such as automotive is mounted immensely due to large production of vehicles especially passenger cars worldwide.

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June 25, 2024

3M Company (US) and Nitto Denko Corporation (Japan) are Leading Players in the Adhesive Tapes Market

The adhesive tapes market is projected to grow from USD 85.1 billion in 2024 to USD 107.1 billion by 2029, at a CAGR of 4.7% between 2024 and 2029. Adhesive tapes play a vital role in various industries, driving market growth through their diverse applications. In the healthcare sector, they are essential for wound care, surgical procedures, and medical device assembly, with demand boosted by an aging population and enhanced healthcare infrastructure. The automotive industry leverages these tapes for bonding, insulation, and surface protection, especially with the rise of lightweight and electric vehicles. In construction, adhesive tapes are crucial for sealing, bonding, and insulating, supported by rapid urbanization and infrastructure development in emerging economies. The packaging industry, propelled by e-commerce and retail growth, relies heavily on adhesive tapes for sealing and labeling, while continuous R&D efforts have resulted in advanced tapes with improved bonding strength, temperature resistance, and aesthetics, including eco-friendly options. The electronics industry uses these tapes for circuit board protection, component bonding, and thermal management, driven by consumer electronics growth and technological advancements. Additionally, the aerospace sector's use of adhesive tapes for surface protection, bonding, and assembly is expanding alongside increased aircraft production, contributing significantly to market expansion.

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June 25, 2024

Industrial IoT Companies - Huawei Technologies Co., Ltd. (China) and Cisco Systems, Inc. are the Key Players

The industrial IoT market is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Global rise in internet penetration, growing adoption of cloud platforms, and increasing adoption of IPv6 are some of the key drivers driving the growth of industrial IoT market.

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June 24, 2024

Celanese Corporation (US) and Daicel Corporation (Japan) are Leading Players in the Polyoxymethylene Market

The global polyoxymethylene market is projected to grow from USD 3.5 Billion in 2024 to USD 4.4 Billion by 2029, at a CAGR of 4.5% during the forecast period. The growing demand from the APAC region's transportation sector drives the polyoxymethylene market during the forecast period.

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June 24, 2024

Humanoid Robot Market Size : Trends and Technological Breakthroughs

Humanoid robots, once confined to the realm of science fiction, are now a reality, revolutionizing various industries with their capabilities. From assisting in healthcare and eldercare to manufacturing and entertainment, humanoid robots are increasingly becoming an integral part of our lives. The current state of the humanoid robot market and explore its future growth expectations.

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June 24, 2024

Encoders Market Size : Future Prospects and Growth Trends

In the realm of industrial automation and robotics, encoders play a crucial role in translating mechanical motion into digital signals, enabling precise control and monitoring of machinery. From manufacturing processes to automotive applications, encoders are indispensable components that contribute to efficiency, accuracy, and safety.

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June 24, 2024

Unmanned Traffic Management Market Share: Latest Market Research Insights

The Unmanned Traffic Management (UTM) market share is experiencing significant growth as the use of drones expands across various industries. UTM systems are crucial for ensuring the safe and efficient integration of drones into national airspace systems. This market is driven by advancements in drone technology, regulatory support, and increasing commercial applications. This article provides a comprehensive overview of the UTM market, including its current status, key drivers, challenges, and future prospects.

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June 24, 2024

Latest Market Research Insight: Remote Weapon Station Market Share

In recent years, the Remote Weapon Station (RWS) market share has witnessed significant growth, driven by technological advancements and increasing defense budgets worldwide. According to recent market research, the global Remote Weapon Station market share is projected to expand from USD 6.6 billion in 2022 to USD 7.5 billion by 2027, registering a robust CAGR of 2.8% during the forecast period.

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June 24, 2024

Future Outlook of Parcel Sortation System Market Size and Key Segments

Parcel Sortation System Market Size

The Parcel Sortation System Market Size has been experiencing robust growth, driven by the surge in e-commerce, increasing parcel volumes, and the demand for efficient logistics solutions. The global Parcel Sortation System Market Size is estimated to be worth USD 2.0 Billion in 2023 and is projected to reach USD 2.8 Billion by 2028, at a CAGR of 7.0% during the forecast period. This growth is attributed to the rising need for automated sortation systems to handle the escalating volume of parcels efficiently and accurately.

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June 24, 2024

Parcel Sortation System Market Share: Overview and Key Insights

Parcel Sortation System Market Share - Overview

The Parcel Sortation System Market Share is growing at a substantial rate, fueled by the exponential rise in e-commerce, the increasing volume of parcels, and the need for efficient logistics solutions. The global Parcel Sortation System Market Size is estimated to be worth USD 2.0 Billion in 2023 and is projected to reach USD 2.8 Billion by 2028, at a CAGR of 7.0% during the forecast period. This growth is driven by advancements in automation and sortation technologies, which enhance the efficiency and accuracy of parcel handling processes.

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June 24, 2024

Micro Battery Market Size and Key Segments: An In-Depth Overview

Micro Battery Market Size

The Micro Battery Market Size is rapidly expanding, driven by the growing demand for compact, efficient, and high-capacity energy storage solutions in various applications. The global Micro Battery Market Size is expected to grow from USD 0.5 Billion in 2023 to USD 1.3 Billion by 2028, at a CAGR of 22.4% from 2023 to 2028. This impressive growth is attributed to the increasing use of micro batteries in medical devices, consumer electronics, wearable technology, and other emerging applications.

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June 24, 2024

Drone Inspection and Monitoring Market Size: Emerging Trends and Growth Forecast

The drone inspection and monitoring market size is witnessing robust growth, driven by advancements in drone technology and increasing applications across various sectors. According to recent market research, the global drone inspection and monitoring market size is projected to expand significantly over the forecast period.

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June 24, 2024

Micro Battery Market Share: Industry Trends and Regional Analysis

Micro Battery Market Share - Overview

The Micro Battery Market Share is experiencing rapid growth, driven by the increasing demand for compact and efficient energy storage solutions across various industries. The global Micro Battery Market Size is expected to grow from USD 0.5 Billion in 2023 to USD 1.3 Billion by 2028, at a CAGR of 22.4% from 2023 to 2028. This substantial growth is fueled by advancements in micro battery technology, rising adoption in medical devices, consumer electronics, and the expanding Internet of Things (IoT) ecosystem.

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June 24, 2024

Future Outlook and Growth Potential of the Thin Film and Printed Battery Market Size

Thin Film and Printed Battery Market Size

The Thin Film and Printed Battery Market Size is experiencing significant growth driven by the increasing demand for flexible, lightweight, and high-capacity energy storage solutions. The global Thin Film and Printed Battery Market Size is expected to grow from USD 187 Million in 2023 to USD 650 Million by 2028, at a CAGR of 28.2% from 2023 to 2028. This growth is fueled by advancements in battery technology, rising adoption in various applications, and the push towards miniaturization in electronic devices.

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June 24, 2024

Future Trends and Regional Insights on Thin Film and Printed Battery Market Share

Thin Film and Printed Battery Market Share - Overview

The Thin Film and Printed Battery Market Share is rapidly growing, driven by the increasing demand for flexible, lightweight, and high-capacity energy storage solutions. These batteries are essential for various modern applications, including wearable devices, medical implants, and IoT devices.

The global Thin Film and Printed Battery Market Share is expected to grow from USD 187 Million in 2023 to USD 650 Million by 2028, at a CAGR of 28.2% from 2023 to 2028.

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June 24, 2024

Battery Energy Storage System Market Size: Comprehensive Growth Analysis and Future Outlook

Battery Energy Storage System Market Size

The Battery Energy Storage System Market Size is witnessing robust growth, driven by the increasing demand for efficient and reliable energy storage solutions across various sectors. The global Battery Energy Storage System Market Size is estimated to be worth USD 5.4 Billion in 2023 and is projected to reach USD 17.5 Billion by 2028, at a CAGR of 26.4% during the forecast period. This growth is fueled by the rising adoption of renewable energy sources, advancements in battery technology, and the increasing need for grid stability and energy efficiency.

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June 24, 2024

Battery Energy Storage System Market Share: Comprehensive Overview and Regional Insights

Battery Energy Storage System Market Share - Overview

The Battery Energy Storage System Market Share is experiencing substantial growth due to the increasing need for reliable and efficient energy storage solutions. These systems are integral for supporting the integration of renewable energy sources, enhancing grid stability, and providing backup power. The global Battery Energy Storage System Market Share is estimated to be worth USD 5.4 Billion in 2023 and is projected to reach USD 17.5 Billion by 2028, at a CAGR of 26.4% during the forecast period. This rapid growth is driven by technological advancements, supportive regulatory frameworks, and rising investments in renewable energy projects.

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June 24, 2024

Industrial Software Companies - Siemens (Germany) and Rockwell Automation (US) are the Key Players

The global industrial software market is expected to grow from USD 21.5 billion in 2024 to USD 46.6 billion in 2029 at a CAGR of 16.7% during the forecast period. Various drivers and opportunities propel the industrial software market. The demand for industrial software is rising due to increasing emphasis on operational efficiency, quality assurance, and regulatory compliance across industries. Additionally, adopting Industry 4.0 technologies like IoT and AI drives the need for advanced software solutions to integrate and optimize manufacturing processes in real-time. Furthermore, the continuous evolution of IoT, AI, and cloud computing technologies offers new avenues for innovation in the industrial software market, enabling improved operational efficiency and enhanced production processes.

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June 24, 2024

Unmanned Traffic Management Market Size: Latest Insights

The Unmanned Traffic Management (UTM) market size is poised for significant growth, driven by the increasing adoption of drones across various sectors. According to recent analysis, the global UTM market size is projected to expand substantially in the coming years. Factors such as advancements in drone technology, regulatory support for UAV operations, and rising applications in industries like logistics, agriculture, and public safety are fueling this growth.

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June 24, 2024

Top Companies in Vitamin K2 Industry - Gnosis By Lesaffre (Nattopharma) (France), Kappa Bioscience AS (Balchem Corp.) (US) and J-Oil Mills, Inc. (Japan)

The vitamin K2 market is estimated to be USD 140 million in 2024 and poised to achieve a 13.7% CAGR, reaching USD 265 million by 2029. As people become more informed about the role of vitamins in preventing chronic diseases, there is a heightened demand for Vitamin K2 due to its critical function in bone and cardiovascular health. Awareness campaigns and educational programs significantly contribute to this trend, emphasizing the benefits of Vitamin K2 in maintaining calcium balance and reducing the risk of osteoporosis and arterial calcification.

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June 24, 2024

Growth Drivers and Future Prospects of Distributed Fiber Optic Sensor Market Share

Distributed Fiber Optic Sensor Market Share - Overview

The Distributed Fiber Optic Sensor (DFOS) Market Share is rapidly evolving, driven by the increasing demand for advanced monitoring solutions across various industries. DFOS technology leverages the properties of optical fibers to provide real-time, precise monitoring of temperature, strain, and other parameters along the length of the fiber. This capability makes DFOS an invaluable tool for applications in oil and gas, infrastructure, power and utilities, and civil engineering.

The Distributed Fiber Optic Sensor Market Share is expected to grow from USD 1.2 Billion in 2023 to USD 1.9 Billion by 2028, at a CAGR of 9.4%. The market growth is primarily attributed to the rising need for efficient monitoring systems that enhance operational safety and efficiency, coupled with technological advancements in fiber optic sensing technologies.

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June 24, 2024

Temperature Sensor Market Share: Industry Contributions and Regional Insights

Temperature Sensor Market Share - Overview

The global Temperature Sensor Market Share is witnessing significant growth, driven by the increasing demand for precise temperature monitoring in various industries. Temperature sensors are vital components used in a wide range of applications including consumer electronics, automotive, healthcare, industrial automation, and aerospace. These sensors help in monitoring, controlling, and regulating temperature, ensuring optimal performance and safety in various systems.

The Temperature Sensor Market Share is projected to grow from USD 7.4 billion in 2024 to USD 9.7 billion by 2029, registering a CAGR of 5.6% during the forecast period. Factors such as the rapid adoption of IoT (Internet of Things) technologies, the increasing use of temperature sensors in healthcare devices, and stringent regulations for temperature control in the food and beverage industry are driving market growth.

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June 24, 2024

Remote Weapon Station Market Size: Key Trends and Growth Forecast to 2027

The Remote Weapon Station (RWS) market size is experiencing substantial growth due to advancements in defense technology and increasing demand for enhanced security. By 2028, the market size for Remote Weapon Stations is projected to expand significantly, driven by the adoption of automated and remote-controlled weapon systems in military and homeland security applications.

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June 24, 2024

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