Research Insight

Unlocking the Potential: Top Trends Driving the LLM Revolution

The global Large Language Model (LLM) market is expected to grow at a CAGR of 33.2% over the forecast period, reaching USD 36.1 billion in 2030 from an estimated USD 6.4 billion in 2024. A convergence of forces is driving the growth of large-scale language modelling systems. These include increased availability of massive datasets, advances in deep learning algorithms, and an increasing demand for automated content generation and curation.

• Published: April 2024

The LLM Boom: Growth Drivers and Key Players Shaping the Future

The global Large Language Model (LLM) market is expected to grow at a 33.2% CAGR over the forecast period, reaching USD 36.1 billion by 2030 from an estimated USD 6.4 billion in 2024. A convergence of forces drives the development of massive language model solutions. These include increased access to massive datasets, advances in deep learning algorithms, and an increasing demand for automated content generation and curation.

• Published: April 2024

See the Future: Top Trends Shaping the Image Recognition Market

The image recognition market is predicted to develop at a Compound Annual Growth Rate (CAGR) of 16.1% over the forecast period, rising from USD 46.7 billion in 2024 to USD 98.6 billion by 2029. Increasing demand for image recognition software for video surveillance, facial recognition, and anomaly detection is likely to fuel market expansion over the forecast period.

• Published: April 2024

Key Drivers Powering the Image Recognition Boom

The image recognition market is predicted to increase at a Compound Annual Growth Rate (CAGR) of 16.1% over the forecast period, from USD 46.7 billion in 2024 to USD 98.6 billion in 2029. The increased demand for image recognition software for video surveillance, facial identification, and anomaly detection is likely to fuel market expansion throughout the forecast period.

• Published: April 2024

Siemens Healthineers AG (Germany) and Elekta (Sweden) are Leading players in the Robotic Radiotherapy Market

The global robotic radiotherapy market is projected to reach USD 1.9 billion by 2028 from USD 1.1 billion in 2023, growing at a CAGR of 11.9% during the forecast period. The growing use of the robotic radiotherapy market for cancer treatment is propelled by increasing adoption driven by technological advancements and a rising prevalence of cancer. Growing demand for non-invasive treatments further fuels this growth. Additionally, increased healthcare expenditure in developing countries, coupled with government and private investments, bolster the adoption of radiotherapy. However, challenges such as inadequate healthcare infrastructure, high costs associated with robotic radiotherapy, technological complexity, and a shortage of skilled radiologists are anticipated to impede market growth in the forecast period.

• Published: April 2024

Top Companies in Diesel Generator Industry - Caterpillar (US), Cummins Inc., (US), Generac power systems, Inc (US) and Rolls-Royce PLC (UK)

The diesel generator market is forecast to reach USD 23.38 billion by 2029 from an estimated USD 17.93 billion in 2024, at a CAGR of 5.4% during the forecast period (2024-2029). The increasing construction costs due to developing industrial infrastructures, rapidly growing infrastructure development across emerging economies, expanding seaway trades and construction of new vessels in the marine diesel generator market are the key factors driving the diesel generator market.

• Published: April 2024

Top Companies in Apheresis Market: Terumo BCT, Inc. (Japan) and Fresenius SE & Co. KGaA (Germany) are the Leading Players

The apheresis market is projected to reach USD 3.9 billion by 2029 from USD 2.6 billion in 2024, at a CAGR 8.8 % from 2024 to 2029. Apheresis is the process of utilizing specialized medical equipment to extract specific components from the blood of a donor or patient, while simultaneously returning the remainder either with or without additional extracorporeal treatment. This process encompasses the use of devices and disposable materials employing centrifugation and membrane separation/filtration technologies for the precise isolation of blood components. The growth of this market is driven by increase in prevalence of the chronic diseases and upsurging number of trauma and injury cases.

• Published: April 2024

Top Companies in Electric Coolant Pump Industry - Rheinmetall Automotive AG(Germany), Robert Bosch GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), and MAHLE GmbH (Germany) are the Leading Players

The electric coolant pump market for electric vehicles is projected to reach USD 3.9 billion by 2030 from an estimated USD 1.9 billion in 2024 at a CAGR of 12.8%  during the forecast period. The base year for the report is 2023, and the forecast period is from 2024 to 2030.

• Published: April 2024

Top Companies in Progressing Cavity Pump Industry - NETZSCH (Germany) and NOV (US)

The progressing cavity pump market is projected to witness substantial growth, with an anticipated increase from approximately USD 2.8 billion in 2024 to USD 3.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.0 % throughout the forecast period.

• Published: April 2024

Top Companies in Protein Alternatives Industry - ADM (US), Cargill Incorporated (US) and International Flavors & Fragrances Inc. (US)

The protein alternatives market is estimated at USD 15.7 billion in 2024 and is projected to reach USD 25.2 billion by 2029, at a CAGR of 9.9.% from 2024 to 2029. The recent rise in the popularity of alternative proteins, including plant-based, microbial, and insect proteins, can be attributed to several key factors, such as heightened health awareness, ethical considerations, environmental concerns, and diverse dietary preferences. Consumers are increasingly turning to these protein alternatives due to allergies, specific dietary needs, or a desire for healthier, more sustainable options. Notably, there is a growing preference for plain and unsweetened protein products, particularly among those seeking low-calorie and low-fat choices.

• Published: April 2024

Top Companies in Payment Gateway - Stripe (Ireland), and Fiserv (US)

The global payment gateway market size is projected to grow from USD 26.7 billion in 2024 to USD 48.4 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Payment gateways equipped with advanced analytics tools are becoming increasingly sought after by businesses eager to gain deeper insights into customer behavior.

These analytics capabilities enable businesses to track payment trends, understand customer preferences, and identify emerging market opportunities. By analyzing transaction data, businesses can uncover valuable insights such as purchasing patterns, peak sales periods, and popular product categories. This information empowers businesses to optimize their marketing strategies, tailor product offerings, and enhance the overall customer experience. Additionally, payment gateways with robust analytics capabilities enable businesses to identify and mitigate potential fraud risks by detecting suspicious patterns and anomalies in transaction data. As competition intensifies and consumer expectations evolve, leveraging data-driven insights has become essential for businesses seeking to stay ahead in today's dynamic marketplace.

• Published: April 2024

Top Attack Surface Management Companies - Palo Alto Networks (US) and IBM(US) | MarketsandMarkets

According to MarketsandMarkets, the Attack Surface Management (ASM) market is set to grow significantly. It's expected to be worth around USD 0.9 billion in 2024, increasing to about USD 3.3 billion by 2029. This growth is due to more businesses relying on digital tools and devices, which raises the need to protect against cyber threats effectively. ASM solutions help by continuously finding and fixing vulnerabilities in a company's digital setup, like outdated software or weak security settings. This is crucial for meeting regulations, preventing fraud, and building customer trust. As online activities continue to rise, so does the importance of managing attack surfaces to keep business data safe and operations running smoothly.

• Published: April 2024

Risk Analytics Market Trends - Global Growth Projections

The Risk Analytics Market is expected to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period.

• Published: April 2024

Risk Analytics Market Size, Share – Trends & Industry Growth

The global Risk Analytics Market is poised  to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period.

• Published: April 2024

Event Management Software Market Trends | MarketsandMarkets

The global Event Management Software Market will grow from USD 15.5 billion in 2024 to USD 34.7 billion by 2029 at a compounded annual growth rate (CAGR) of 17.4% during the forecast period.

• Published: April 2024

Event Management Software Market Size & Share - Future Growth Expectations

During the forecast period, the global Event Management Software Market will increase from USD 15.5 billion in 2024 to USD 34.7 billion by 2029, with a compounded annual growth rate (CAGR) of 17.4%.

• Published: April 2024

Emerging Trends in Global Fleet Management Market: Data Analytics, Electrification, Cybersecurity, and More

The global fleet management market is expected to increase from USD 28.6 billion in 2023 to USD 55.6 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The integration of telematics and IoT technologies has emerged as a key driver of the fleet management market's growth.

• Published: April 2024

Fleet Management Market Growth: Drivers & Key Players

The global fleet management market is expected to increase from USD 28.6 billion in 2023 to USD 55.6 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 14.2% throughout the forecast period. The integration of telematics and IoT technology has emerged as a critical driver driving the expansion of the fleet management market.

• Published: April 2024

The Future of Learning: Top Trends Transforming the LMS Market

The Learning Management System Market is estimated to increase at a Compound Annual Growth Rate (CAGR) of 18.6% over the forecast period, rising from USD 22.1 billion in 2023 to USD 51.9 billion in 2028. The necessity for organizations to be able to customize, implement, and configure learning management solutions to meet business needs is likely to drive adoption of learning management solutions over the forecast period.

• Published: April 2024

Soaring Demand Fuels LMS Market Growth: Top Drivers & Key Players

The Learning Management System Market is estimated to increase at a Compound Annual Growth Rate (CAGR) of 18.6% over the forecast period, from USD 22.1 billion in 2023 to USD 51.9 billion in 2028. The necessity for companies to be able to customise, implement, and configure learning management solutions to meet their business needs is likely to drive learning management solution adoption over the forecast period.

• Published: April 2024

Emerging Trends in the Global Automated Testing Market: AI, Shift-Left Testing, Continuous Testing & More

The global automated testing market is expected to increase from USD 28.1 billion in 2023 to USD 55.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 14.5% throughout the forecast period. The reusability of automated test scripts is a key feature driving the expansion and widespread use of automation testing in the software development landscape.

• Published: April 2024

Test Faster, Deliver Better: Top Trends Driving Automation Testing Growth

The global automation testing market is expected to increase from USD 28.1 billion in 2023 to USD 55.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 14.5% throughout the forecast period. The reusability of automated test scripts is a critical aspect driving the rise and widespread adoption of automation testing in the software development ecosystem.

• Published: April 2024

Emerging Trends in Global Managed Network Services (MNS) Market: SD-WAN, Cloud Connectivity, Security Integration & More

During the projection period, the managed network services market is expected to rise from USD 65.7 billion in 2023 to USD 89.9 billion in 2028, with a CAGR of 6.5%. The adoption of cloud computing increases demand for managed network services, as organizations require dependable and secure connectivity to access cloud-based applications and services. Managed service providers give solutions to improve network connectivity to cloud environments while ensuring smooth integration.

• Published: April 2024

Power Up Your Network: Top Drivers Boosting Managed Network Services

The managed network services market is expected to increase at a CAGR of 6.5% between 2023 and 2028, from USD 65.7 billion to USD 89.9 billion. Adoption of cloud computing increases demand for managed network services, as organizations require dependable and secure connectivity to access cloud-based applications and services. Managed service providers provide solutions for optimizing network access to cloud environments while ensuring smooth integration.

• Published: April 2024

Location-based Services LBS and RTLS Industry - Key Trends Driving Global Growth

The Location-based Services (LBS) and Real-Time Location Systems (RTLS) market size is projected to grow from USD 24.7 billion in 2023 to USD 60.4 billion by 2028, at a CAGR of 19.6% during the forecast period. The usage of RTLS increased across several verticals, including healthcare, industrial manufacturing, logistics, process industries (mining, oil and gas), and defense due to all these advancements.

• Published: April 2024

Location-based Services LBS and RTLS Market Size & Share - Future Growth Expectations

The Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market size is projected to grow from USD 24.7 billion in 2023 to USD 60.4 billion by 2028, at a CAGR of 19.6% during the forecast period. The usage of RTLS increased across several verticals, including healthcare, industrial manufacturing, logistics, process industries (mining, oil and gas), and defense due to all these advancements

• Published: April 2024

Next-generation Firewall Industry - Key Trends Driving Global Growth

The global next generation firewall market size is projected to grow from USD 5.0 billion in 2023 to USD 8.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period.

• Published: April 2024

Enterprise Video Industry - Key Trends Driving Global Growth

The Enterprise video market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 8.6% from USD 23.8 billion in 2024 to USD 35.8 billion in 2029 throughout the forecast period. An urge to shift from on-premises deployment to cloud-based solutions, strict adherence and compliance to regulatory authorities and government-led reporting standards across verticals and regions, demand for user experience centricity on priority across verticals, organizations, and regions globally, digitalization, and automation are expected to drive the growth of the global Enterprise video market.

• Published: April 2024

Digital Risk Protection Industry - Key Trends Driving Global Growth

The digital risk protection market size is projected to grow from USD 64.4 billion in 2023 and reach USD 157.8 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. The expansion of the digital risk protection market is driven by the ever-evolving nature of cyber threats, especially in digital risk attacks.

• Published: April 2024

Digital Risk Protection Market Size & Share - Future Growth Expectations

The digital risk protection market size is projected to grow from USD 64.4 billion in 2023 and reach USD 157.8 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. The expansion of the digital risk protection market is driven by the ever-evolving nature of cyber threats, especially in digital risk attacks.

• Published: April 2024

Conversational AI Industry - Key Trends Driving Global Growth

The global conversational AI market is projected to register a CAGR of 24.9% during the forecast period, reaching USD 49.9 billion by 2030 from an estimated USD 13.2 billion in 2024. Major factors to boost the market growth include the increasing integration of AI chatbots in messaging services, emergence of generative AI, increasing integration of computer vision and voice recognition technology to facilitate more in-depth and personalized interactions, and growing focus on customer engagement and retention.

• Published: April 2024

Conversational AI Industry Size & Share - Future Growth Expectations

The global conversational AI market is projected to register a CAGR of 24.9% during the forecast period, reaching USD 49.9 billion by 2030 from an estimated USD 13.2 billion in 2024. Major factors to boost the market growth include the increasing integration of AI chatbots in messaging services, emergence of generative AI, increasing integration of computer vision and voice recognition technology to facilitate more in-depth and personalized interactions, and growing focus on customer engagement and retention.

• Published: April 2024

In-building Wireless Industry – Emerging Trends and Future Scope

The in-building wireless market is projected to grow from USD 20.0 billion in 2024 to USD 35.5 billion by 2029 at a CAGR of 12.1% during the forecast period. Strategic alliances among telecom operators, technology vendors, and building owners facilitate deploying in-building wireless solutions to meet evolving demands.

• Published: April 2024

In-building Wireless Market Size & Share - Future Growth Expectations

The in-building wireless market is projected to grow from USD 20.0 billion in 2024 to USD 35.5 billion by 2029 at a CAGR of 12.1% during the forecast period. Strategic alliances among telecom operators, technology vendors, and building owners facilitate deploying in-building wireless solutions to meet evolving demands.

• Published: April 2024

Identity Threat Detection and Response Industry - Forthcoming Trends & Future Scope

The global identity threat detection and response (ITDR) market size is projected to grow from USD 12.8 billion in 2024 to USD 35.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 22.6 % during the forecast period. The escalating frequency and sophistication of cyberattacks targeting individuals' digital identities are driving the adoption of Identity Threat Detection and Response solutions.

• Published: April 2024

Identity Threat Detection and Response Market Size & Share - Driving Forces Behind Industry Growth

The global identity threat detection and response (ITDR) market size is projected to grow from USD 12.8 billion in 2024 to USD 35.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 22.6 % during the forecast period. The escalating frequency and sophistication of cyberattacks targeting individuals' digital identities are driving the adoption of Identity Threat Detection and Response solutions.

• Published: April 2024

Next-generation Firewall Market Size & Share - Future Growth Expectations

The global next generation firewall market size is projected to grow from USD 5.0 billion in 2023 to USD 8.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period.

• Published: April 2024

Perimeter Security Market Size, Share – Trends & Industry Growth

The global Perimeter Security Market size is expected to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029, at a 7.0% CAGR during the forecast period.

• Published: April 2024

Perimeter Security Market Trends - Global Growth Projections

The global Perimeter Security Market size is poised to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029 at a CAGR of 7.0% during the forecast period. Several vital factors significantly drive the growth of the perimeter security market. Firstly, there is a notable increase in security breaches and perimeter intrusions globally, underscoring the need for enhanced security measures.

• Published: April 2024

Enterprise Video Market Size & Share - Future Growth Expectations

The Enterprise video market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 8.6% from USD 23.8 billion in 2024 to USD 35.8 billion in 2029 throughout the forecast period. An urge to shift from on-premises deployment to cloud-based solutions, strict adherence and compliance to regulatory authorities and government-led reporting standards across verticals and regions, demand for user experience centricity on priority across verticals, organizations, and regions globally, digitalization, and automation are expected to drive the growth of the global Enterprise video market.

• Published: April 2024

Operational Technology (OT) security Industry - Upcoming Trends to Fuel the Global Growth

According to MarketsandMarkets, the Operational Technology (OT) security market is set to grow significantly. It's expected to be worth around USD 20.7 billion in 2024, increasing to about USD 44.9 billion by 2029. This growth is due to more businesses relying on digital tools and devices, which raises the need to protect against cyber threats effectively.

• Published: April 2024

Operational Technology (OT) security Market Size & Share - Future Growth Expectations

According to MarketsandMarkets, the Operational Technology (OT) security market is set to grow significantly. It's expected to be worth around USD 20.7 billion in 2024, increasing to about USD 44.9 billion by 2029. This growth is due to more businesses relying on digital tools and devices, which raises the need to protect against cyber threats effectively.

• Published: April 2024

Payment Gateway Industry - Key Trends Driving Global Growth

The global payment gateway market size is projected to grow from USD 26.7 billion in 2024 to USD 48.4 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Payment gateways equipped with advanced analytics tools are becoming increasingly sought after by businesses eager to gain deeper insights into customer behavior. These analytics capabilities enable businesses to track payment trends, understand customer preferences, and identify emerging market opportunities.

• Published: April 2024

Payment Gateway Industry Size & Share - Future Growth Expectations

The global payment gateway market size is projected to grow from USD 26.7 billion in 2024 to USD 48.4 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Payment gateways equipped with advanced analytics tools are becoming increasingly sought after by businesses eager to gain deeper insights into customer behavior. These analytics capabilities enable businesses to track payment trends, understand customer preferences, and identify emerging market opportunities. By analyzing transaction data, businesses can uncover valuable insights such as purchasing patterns, peak sales periods, and popular product categories.

• Published: April 2024

Top Companies in Automotive Filters Industry - MANN+HUMMEL (Germany), MAHLE GmbH (Germany), Donaldson Company, Inc. (US) and Robert Bosch GmbH (Germany) are Leading Players

The global automotive filters market is projected to grow from USD 12.9 billion in 2024 to USD 14.6 billion by 2030, at a CAGR of 2.1% during the forecast period. Increased stringent emission & fuel economy norms, rise in electric & hybrid vehicle sales, and growing vehicle parc and increase in average miles driven annually are expected to be key factors driving the automotive filters market.

• Published: April 2024

Arc Welding Torch Companies - The Lincoln Electric Company (US) and ESAB Corporation (US) are Leading Players in the Arc Welding Torch Market

The arc welding torch market size is projected to grow from USD  2.7 billion in 2024 and is projected to reach USD  3.5  Billion by 2029, at a CAGR of 4.7%. The global arc welding torch market has seen notable growth, primarily due to several key factors. Firstly, the expansion of the steel industry has been a significant driver, with arc welding torches being essential in steel fabrication processes. Additionally, increasing demand from end-use sectors like automotive and construction has boosted market growth, particularly in emerging economies such as China and India. These countries' rapid industrialization and infrastructure development have further fueled demand. Moreover, the rise in offshore wind power generation capacities has provided another avenue for market expansion, with arc welding torches being crucial in the fabrication of wind turbine components. Overall, these factors combined have contributed to the market's promising trajectory, with continued growth expected in the coming years.

• Published: April 2024

Top Companies in Hydrogen Storage Tanks and Transportation Industry - Hexagon Purus (Norway), Plastic Omnium (France), Tenaris (US) and Luxfer Holdings PLC (England)

The global Hydrogen Storage Tank and Transportation market is expected to reach USD 4.4 billion by 2030, up from an anticipated USD 0.3 billion in 2024, at a CAGR of 52.4% over the forecast period. Stringent regulations aimed at reducing greenhouse gas emissions and promoting energy efficiency have pushed the adoption of Hydrogen Storage Tanks and Transportation, which are more energy-efficient than traditional heating and cooling systems, to new heights.

• Published: April 2024

Asset Integrity Management Companies - SGS Société Générale de Surveillance SA (Switzerland) and Bureau Veritas (France) are the Leading Manufacturers

The global asset integrity management market is expected to be valued at USD 23.9 billion in 2024 and is projected to reach USD 31.5 billion by 2029; it is expected to grow at a CAGR of 5.7% from 2024 to 2029. Market participants have adeptly addressed rising asset integrity management demands in diverse industries, extending their global reach through strategic growth approaches like introducing new products/services, acquiring assets, forging partnerships, fostering collaborations, establishing alliances, and expanding their operations.

• Published: April 2024

Top Wireless Broadband in Public Safety Companies - AT&T(US), Ericsson (Sweden) | MarketsandMarkets

The global wireless broadband in public safety market size is projected to grow from USD 40.2 billion in 2024 to USD 126.9 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 25.9%. Continued growth in wireless broadband in the public safety market is fueled by increased demand for real-time information, technological advancements, growing public safety needs, Internet of Things (IoT) expansion, and improved public safety applications. Wireless broadband is the core of modern public safety, enabling immediate data exchange, improved coordination, situational awareness, advanced applications, and citizen engagement for faster, more effective responses.

• Published: April 2024

Cystatin C Assay Market: Size and Share Insights

Cystatin C Assay Market in terms of revenue was estimated to be worth $377 million in 2023 and is poised to reach $540 million by 2028, growing at a CAGR of 7.5% from 2023 to 2028

• Published: April 2024