Research Insight

Electric Powertrain Companies - Robert Bosch Gmbh (Germany), Mitsubishi Electric (Japan) and Magna International Inc. (Canada) are the leading players

The electric powertrain market size is projected to reach USD 230.5 billion by 2030, from an estimated USD 96.7 billion in 2023, at a CAGR of 13.2%. The market is driven by factors such as an increased focus on the adoption of electric vehicles worldwide owing to the environmental benefits they offer and the strict government regulations that focus on reducing emissions emitted by conventional engines.

• Published: July 2023

Digital BSS Industry - Key Trends Shaping the Future of Telecom

The global Digital BSS Market size is expected to increase at a Compound Annual Growth Rate (CAGR) of 16.6%, from USD 5.8 billion in 2023 to USD 12.5 billion by 2028. The advent of tailored BSS solutions and new commercial models is driving the market's growth.

• Published: July 2023

Digital BSS Market Size and Share - Comprehensive Analysis

The Digital BSS Market size was valued USD 5.8 billion in 2023 and is projected to reach USD 12.5 billion by 2028, at a CAGR of 16.6% during the forecast period. The advent of tailored BSS solutions and new commercial models is driving the market's growth.

• Published: July 2023

Optical Coatings Companies - DuPont (US) and PPG Industries Ohio, Inc. (US) are Leading Players in the Optical Coatings Market

The optical coatings market is projected to grow from USD 13.2 billion in 2023 to USD 19.6 billion by 2028, at a CAGR of 8.2% during the forecast period. Optical coatings offer significant advantages in terms of cost-effectiveness, precision, and durability, making it a preferred choice in the automotive sector.

• Published: July 2023

Stryker (US) and Zimmer Biomet (US) are Leading Players in the Bone Cement & Glue Market

The global Bone Cement & Glue Market is projected to reach USD  2,248 million by 2028 from USD  1,644 million in 2023, at a CAGR of 6.5% during the forecast period. The growth of this market is due to the Growing incidence of sports injuries and Rapid growth in geriatric population. However, Unfavourable reimbursement scenario may restrain the growth of this market.

• Published: July 2023

Combat Drone Companies - Northrop Grumman (US) and General Atomics Aeronautical Systems (US) are the Key Players

Combat drones, also known as unmanned combat aerial vehicles (UCAVs) or battlefield UAVs, are unmanned aerial vehicles (UAVs) that are used for intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) and carry aircraft ordnance such as missiles, ATGMs, and/or bombs in hardpoints for drone strikes. These drones are usually under real-time human control, with varying levels of autonomy. The combat drone market is set to grow significantly in the coming years, driven by increasing demand for unmanned systems from militaries across the world. Other Factors positively influencing the market are the development of more advanced combat drones with longer ranges, greater payload capacity, and improved sensors.

• Published: July 2023

Market Leaders - Food Pathogen Safety Testing Equipment and Supplies Market

The food pathogen safety testing equipment and supplies market is estimated at USD 7.4 billion in 2023 and is projected to reach USD 10.4 billion by 2028, at a CAGR of 7.1% from 2023 to 2028.

• Published: July 2023

Barrier Systems Companies - Bekaert (Belgium) and Lindsay Corporation (U.S.) are Leading Players in the Barrier Systems Market

The barrier systems market size is estimated to be USD 21.1 billion in 2023, and it is projected to reach USD 25.5 billion by 2028 at a CAGR of 3.8%. Barrier systems refer to physical structures or devices that are used to block or control movement or access in a particular area. These barriers are designed to create boundaries, restrict entry, or provide safety and security in various settings. Barrier systems can be simple, like a rope or a fence, or more complex, such as electronic gates or turnstiles.

• Published: July 2023

Grid-forming Inverter Companies - General Electric (US), SMA Solar Technology (Germany) and Gamesa Electric (Spain) are Key Players

The grid-forming inverter market is estimated to be USD 680 million in 2023 to USD 1,042 million by 2028, at a CAGR of 8.9% during the forecast period. The factors that drive the market growth is driven by the global transition towards clean and sustainable energy solutions, as well as the need for technologies that can enhance grid stability, reliability, and resilience in the face of evolving energy challenges.

• Published: July 2023

Market Leader - Food Pathogen Testing Market

The food pathogen testing market is estimated at USD 15.1 billion in 2023 and is projected to reach USD 22.7 billion by 2028, at a CAGR of 8.4% from 2023 to 2028.

• Published: July 2023

Blue Ammonia Companies - Yara International ASA (Norway), Saudi Arabian Oil Co. (Saudi Arabia) and Maaden (Saudi Arabia) are Key Players

The global Blue ammonia market is estimated to grow from USD 78 million in 2023 to USD 7,664 million by 2030, at a CAGR of 62.3% from 2024 to 2030. The rising adoption of renewable energy producing methods around the world has increased the demand for storing renewable energy in the form of blue ammonia. As a result, various efforts involving green blue ammonia have been initiated.

• Published: July 2023

CNG, RNG, and Hydrogen Tanks Companies - Hexagon Composites ASA (Norway) and Quantum Fuel Systems LLC. (US) are Leading Players in the CNG, RNG, and Hydrogen Tanks Market

The CNG, RNG, and hydrogen tanks market is projected to grow from USD 2.5 billion in 2023 to USD 5.6 billion by 2030, at a CAGR of 10.7% during the forecast period. Due to stringent environmental regulations and government incentives for alternate fuels and fueling infrastructure, the transportation industry is expected to increase demand for alternative fuel vehicles such as CNG, RNG, and hydrogen fuels. The lack of required refueling infrastructure for RNG and hydrogen in developing countries, as well as the high cost of composite material tanks and regulatory approvals, are major factors impeding market growth. Demand for lightweight transportation tanks, as well as the emergence of lightweight composite material-based CNG systems, will, however, support market growth.

• Published: July 2023

Foremost Companies in the Air Quality Monitoring System Market: Thermo Fisher Scientific (US) and Siemens (Germany)

The global air quality monitoring systems market is projected to reach USD 6.9 billion by 2028 from USD 4.9 billion in 2023, growing at a CAGR of 7.0% during the forecast period. Initiatives toward the development of environment-friendly industries, technological advancements in air quality monitoring systems and supportive government regulations for effective air pollution monitoring and control primarily drives the growth of this market in air quality monitoring systems, increasing public awareness related to the environmental and healthcare implications of air pollution and increasing public-private funding for effective air pollution monitoring further supports the market growth. However, high costs associated with the purchase, installation, and maintenance of AQM sensors as well as high establishment costs for AQM stations, and technical limitations, such as low data accuracy and reliability, need for regular device calibration and maintenance, and sampling issues are the major factors that are expected to restrain the growth of this market during the forecast period.

• Published: July 2023

Connected Aircraft Companies - Gogo Inc. (US) and Honeywell International Inc. (US) are the Key Players

The Connected Aircraft size is projected to grow from USD 10.0 billion in 2023 to USD 16.5 billion by 2028, at a CAGR of 10.6 % from 2023 to 2028. While initial investments in connectivity infrastructure can be substantial, the long-term benefits often outweigh the costs. Improved operational efficiency, better maintenance planning, and additional revenue from in-flight services can contribute to cost savings and revenue generation for airlines.

• Published: July 2023

Revamping Customer Engagement: Top Trends in Contact Center Software

The contact centre software market is expected to increase from USD 41.9 billion in 2023 to USD 109.7 billion by 2028, at a 21.2% annual growth rate. The growing adoption of advanced contact centre technology, improved customer experience, the rise of omnichannel communication, and the need to manage attrition and absenteeism all contribute to increased demand for contact centre software.

• Published: July 2023

Thriving Contact Centers: Drivers & Leaders in Customer Experience

The contact centre software market is expected to increase at a 21.2% CAGR from USD 41.9 billion in 2023 to USD 109.7 billion by 2028. The increased adoption of advanced contact centre technology, improved customer experience, the rise of omnichannel communication, and the need to manage attrition and absenteeism all drive demand for contact centre software.

• Published: July 2023

Wearable Sensors Companies - STMicroelectronics (Switzerland) and Infineon Technologies (Australia) are the Key Players

The wearable sensors market is projected to grow from USD 1.6 billion in 2023 and reach USD 4.2 billion by 2028; it is expected to grow at a CAGR of 21.1 % from 2023 to 2028. The increasing demand shift towards smaller, smarter, and cheaper sensors is an essential driver for the wearable sensors market.

• Published: July 2023

Top Companies List of Contact Center Software Industry - NICE (Israel) and Genesys (US) | MarketsandMarkets

The contact center software market is projected to grow from USD 41.9 billion in 2023 to USD 109.7 billion by 2028 at a growth rate of 21.2% during the forecast period. The growing adoption of advanced contact center technologies, enhanced customer experience, rise in omnichannel communication, and the need to handle attrition and absenteeism boost the demand for the contact center software market.

• Published: July 2023

Nickel Metal Hydride (NiMH) Battery Companies - Energizer Holdings, Inc. (US) and Panasonic Holdings Corporation (Japan) are the Key Players

The global nickel metal hydride (NiMH) battery market size is expected to grow from USD 2.4 billion in 2023 to USD 2.7 billion by 2028, at a CAGR of 3.1% from 2023 to 2028. The growing adoption of consumer electronics, portable medical devices, and the inherent advantages of NiMH batteries over other secondary battery technologies drives the growth of the NiMH battery market.

• Published: July 2023

EV Cables Companies - Leoni AG (Germany), Huber+ Suhner (Switzerland), Sumitomo Electric Industries., Ltd (Japan) and Aptiv (Ireland), Nexans (France) are the leading players

The global EV cables market is projected to grow at a CAGR of 17.2% during the forecast period, to reach USD 19.0 billion by 2028 from an estimated USD 8.6 billion in 2023. Factors such as increasing focus of automakers to introduce fuel-efficient vehicles and stringent emissions norms would drive the growth of the market. The electric vehicle (EV) industry is experiencing remarkable growth, propelled by advancements in technology and the increasing demand for sustainable transportation solutions. As EVs gain popularity worldwide, the market for EV cables is witnessing a surge in demand. EV cables play a crucial role in charging infrastructure, ensuring efficient power transmission and reliable connectivity between charging stations and electric vehicles.

• Published: July 2023

Top Companies in Hybrid Power Solutions Industry - Vertiv (US), General Electric (US) and Siemens Energy (Germany)

The global hybrid power solutions market is projected to reach USD 4.0 billion by 2028 from an estimated USD 2.4 billion in 2023, at a CAGR of 10.4% during the forecast period. Factors such as the need of sustainable energy solution and energy security are driving the market.

• Published: July 2023

Future Trends in the Connected Toys Market: Scope & Demand

At a compound annual growth rate (CAGR) of 20.7%, the connected toys market is expected to reach a value of USD 24.1 billion by 2028 from USD 9.3 billion in 2023. The need for connected toys with tracking and monitoring features has surged due to the rising number of homes headed by two working parents. The rising acceptance and popularity of linked toys can be attributed in part to this change in family dynamics.

• Published: July 2023

Connected Toys Market Size & Share: Growing Key Trends

According to projections, the size of the connected toys market would increase at a compound annual growth rate of 20.7% from USD 9.3 billion in 2023 to USD 24.1 billion by 2028. The number of homes with two working parents is rising, which has raised demand for connected toys with tracking and monitoring features. The increasing use and appeal of linked toys can be attributed to this change in family dynamics.

• Published: July 2023

Emerging Trends in the Cybersecurity Insurance Market: Worldwide

The market for cybersecurity insurance is anticipated to expand at a compound annual growth rate (CAGR) of 11.4% from USD 10.3 billion in 2023 to USD 17.6 billion by 2028. The lack of qualified cybersecurity specialists makes it difficult for enterprises to manage cyber dangers. Insurance covering cybersecurity provides knowledge and assets to assist companies in responding to and recovering from cyberattacks.

• Published: July 2023

Cybersecurity Insurance Market Size & Share: Latest Growth Factors

At a compound annual growth rate (CAGR) of 11.4%, the cybersecurity insurance market is expected to increase from USD 10.3 billion in 2023 to USD 17.6 billion by 2028. Organizations face difficulties in successfully managing cyber threats due to a shortage of qualified cybersecurity specialists. Organizations can receive support in responding to and recovering from cyber incidents from cybersecurity insurance, which provides resources and experience.

• Published: July 2023

Augmented and Virtual Reality in Education Companies - Sony Group Corporation (Japan) and HTC Corporation (Taiwan) are the Key Players

The global AR and VR in education market was valued at USD 2.9 billion in 2022 and is projected to reach USD 14.2 billion by 2028; it is expected to register a CAGR of 29.6% during the forecast period. Enhanced understanding through visualization and advancing education through ongoing innovation and expansion in AR & VR technology are attributed to the ever-increasing demand for AR and VR devices in education.    

• Published: July 2023

Top Companies in Connected Toys Industry - Mattel (US) and Hasbro (US) | MarketsandMarkets

The connected toys market size is projected to grow from USD 9.3 billion in 2023 to USD 24.1 billion by 2028, at a CAGR of 20.7% during the forecast period. The increasing prevalence of two working parents’ households has increased the demand for connected toys with monitoring and tracking capabilities. This shift in family dynamics has contributed to the growing popularity and adoption of connected toys.

• Published: July 2023

Foremost Companies in the RNA Analysis Market: Thermo Fisher Scientific, Inc. (US), and F. Hoffmann-La Roche Ltd. (Switzerland)

The RNA analysis market is estimated to reach USD 9.9 billion by 2028 from USD 5.3 billion in 2023, at a CAGR of 13.4% during the forecast period. The growth of this market is mainly driven by a notable surge in demand for personalized medicines, and the rising pharmaceutical and biotechnology R&D expenditure. Further, factors like government funding and increasing applications of RNA sequencing in transcriptomics are likely to uplift market growth in the coming years.

• Published: July 2023

Thermo Fisher Scientific, Inc. (US) and Merck KGaA (Germany) are Leading Players in the Stem Cell Manufacturing Market

The stem cell manufacturing market is projected to reach USD 21.8 billion by 2028 from USD 12.7 billion in 2023, at a CAGR of 11.3% during the forecast period. The key factors driving the growth of the global stem cell manufacturing market are growing investments in stem cell research and rising awareness about the therapeutic potency of stem cell products. However, significant operational costs associated with stem cell manufacturing and cell banking are expected to restrain market growth to a certain extent.

• Published: July 2023

Connected Mining Market Booms: Growth Drivers & Top Players

The global connected mining market is estimated to be valued USD 13.3 billion in 2023 and USD 22.7 billion by 2028, rising at an 11.3% CAGR over the forecast period. The connected mining industry is being driven by technological improvements, as well as the need for operational efficiency, safety, and sustainability.

• Published: July 2023

Top Trends Shaping the Global Monitoring Tools Market

The Monitoring tools market is expected to increase from USD 24.5 billion in 2023 to USD 63.7 billion by 2028, at a CAGR of 21.1% over the forecast period. Monitoring tools, often known as network monitoring or performance monitoring tools, are software programmes or systems that monitor the performance, health, and availability of various network, system, or application components. These tools collect data from a variety of sources, including servers, network devices, apps, and databases, and then provide insights and real-time analysis to assist ensure smooth and efficient operations.

• Published: July 2023

Monitoring Tools Market Booms: Drivers, Leaders & Key Offerings

Monitoring tools are expected to rise from USD 24.5 billion in 2023 to USD 63.7 billion by 2028, with a CAGR of 21.1% during the projected period. Monitoring tools, often known as network monitoring or performance monitoring tools, are software applications or systems that monitor the performance, health, and availability of various components in a network, system, or application. These tools collect data from a variety of sources, including servers, network devices, apps, databases, and more, and then provide insights and real-time analysis to assist ensure smooth and efficient operation.

• Published: July 2023

Connected Mining Market Booms: Trends Driving Efficiency & Safety

The global connected mining market is estimated to be valued USD 13.3 billion in 2023 and USD 22.7 billion by 2028, rising at a CAGR of 11.3% over the forecast period. The connected mining market is being driven by technological improvements as well as the demand for operational efficiency, safety, and sustainability.

• Published: July 2023

Smart Stadium Industry - Forthcoming Trends to Fuel the Global Growth

The Smart Stadium Market is projected to expand at a CAGR of 19.2% during the forecast period to reach USD 34.5 billion by 2028, size was valued USD 14.3 billion in 2023. Technological advancements in the areas of the Internet of Things (IoT), cloud computing, artificial intelligence (AI), and data analytics will drive the smart stadium market.

• Published: July 2023

Smart Stadium Market - Size, Share, and Growth Trends

The Smart stadium market size is projected to grow from USD 14.3 billion in 2023 to USD 34.5 billion in 2028 at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period. Technological advancements in the areas of the Internet of Things (IoT), cloud computing, artificial intelligence (AI), and data analytics will drive the smart stadium market.

• Published: July 2023

Aircraft Fuel Cells Companies - ZeroAvia (US) and Intelligent Energy Ltd. (UK) are the Key Players

The Aircraft Fuel Cells Market size is projected to grow from USD 1.6 Billion in 2023 to USD 5.7 Billion by 2035, at a CAGR of 10.8% from 2023 to 2035. Aircraft fuel cells are essential components that fulfill multiple critical functions in aviation. They serve as fuel storage, transfer, and weight distribution systems while ensuring crashworthiness and contributing to environmental sustainability.

• Published: July 2023

Top Companies List of Monitoring Tools Industry - Microsoft (US), Google (US) and AWS (US) | MarketsandMarkets

The market for Monitoring tools is estimated to grow from USD 24.5 billion in 2023 to USD 63.7 billion by 2028, at a CAGR of 21.1% during the forecast period. Monitoring tools, also known as network monitoring or performance monitoring tools, are software applications or systems designed to keep track of the performance, health, and availability of various components within a network, system, or application. These tools collect data from different sources, such as servers, network devices, applications, databases, and more, and provide insights and real-time analysis to help ensure smooth and efficient operations.

• Published: July 2023

Top Specialty Food Ingredients Companies: ADM, DSM, Cargill Incorporated, and International Flavors & Fragrances Inc.

The specialty food ingredients market is estimated at USD 179.8 billion in 2023; it is projected to grow at a CAGR of 6.0% to reach USD 240.9 billion by 2028. Due to population expansion, specialty food ingredients are experiencing huge demand across the world. Some of the key factors boosting demand for specialty food ingredients are the introduction of new products, increasing consumer preference, and the acceptance of new trends across the globe.

• Published: July 2023

Cladding Systems Companies - Compagnie de Saint-Gobain S.A. (France) and DowDuPont (US) are Leading Players in the Cladding Systems Market

The cladding systems market is projected to grow from USD 268.4 billion in 2023 to USD 347.7 billion by 2028, at a CAGR of 5.2% during the forecast period. Due to increasing environmental concerns and stricter regulations, there is a growing emphasis on energy-efficient building practices. Cladding systems, particularly those that integrate insulation materials, play a significant role in enhancing thermal performance and reducing energy consumption. As sustainable construction practices gain traction, there is a rising demand for cladding systems that contribute to improved energy efficiency.

• Published: July 2023

Top Companies in Hydraulic Fracturing Industry - Halliburton (US), SLB (US), Liberty Oilfield Services LLC (US), Baker Hughes (US)

The global hydraulic fracturing market is projected to reach USD 74.4 billion by 2028 from an estimated USD 52.1 billion in 2023, at a CAGR of 7.4% during the forecast period. Factors such as the growing demand for hydraulic fracturing technology with increasing requirements for energy are driving the growth of the hydraulic fracturing market.

• Published: July 2023

Unlock Latest Trends in the Digital Badges Market

At a Compound Annual Growth Rate (CAGR) of 16.5%, the size of the global digital badges market is expected to increase from USD 0.2 billion in 2023 to USD 0.5 billion by 2028. The industry is expanding due to the rising popularity of online learning and the use of blockchain technology for digital badges.

• Published: July 2023

Digital Badges Market Size & Share: Latest Opportunities

The size of the global market for digital badges is expected to increase at a Compound Annual Growth Rate (CAGR) of 16.5%, from USD 0.2 billion in 2023 to USD 0.5 billion by 2028. The industry is expanding due to the rising use of digital badges and blockchain technology in online education.

• Published: July 2023

Top Companies in Air Brake System Industry - Knorr- Bremse AG (Germany) and Meritor, Inc. (US) are Leading Players

The air brake system market, by value, is projected to grow to USD 3.4 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 2.2% from 2023 to 2028. The base year for the report is 2022 and the forecast period is from 2023 to 2028. The major driving factors of the air brake system market are increasing sales and production of commercial & OHV trucks, increasing railways & high-speed trains and fail-safe nature of air brakes compared with that of hydraulic brakes.

• Published: July 2023

Micro Injection Molding Machine Companies - Sumitomo Heavy Industries Ltd. and Engel Austria GmbH (Austria) are Leading players in the Micro Injection Molding Machine Market

In terms of value, the micro injection molding machine market is estimated to grow from USD 0.5 billion in 2023 to USD 0.7 billion by 2028, at a CAGR of 9.9%. The main drivers of the micro injection molding machine market are growing demand for diminished products, Developments in manufacturing technologies, and increasing drift of shrinking in consumer electronics. These drivers influence the growth of micro-injection molding machines. The demand for extremely accurate molds that are effective for performing medical procedures is being driven by the shift toward nanotechnology and miniaturization in the medical industry. The growing automation of automobiles and the development of electric cars are also driving up the demand for high-precision parts to improve performance. Due to the sophisticated technology of all-electric machines and the high investment prices, this market is currently experiencing significant growth restraints. The pricey maintenance is yet another drawback. The entire system must be replaced in the event of a motor failure, which comes at a hefty maintenance expense. The market was also damaged by the COVID-19-related global economic slowdown. This has significantly impacted the car industry and disturbed the worldwide supply chain.

• Published: July 2023

Illumina, Inc. (US) and Thermo Fisher Scientific (US) are Leading Players in the Metagenomic Sequencing Market

The global metagenomic sequencing market is projected to reach USD 4.5 billion in 2028 from USD 2.0 billion in 2023, growing at a CAGR of 17.5%. The key factors driving the growth of the global metagenomic sequencing market are the technological innovations in NGS platforms conducted frequenctly, increasing supporting initiatives and funding from government & private bodies for large-scale sequencing projects among others. However, constraints in the funds available for metagenomic sequencing activities in developing countries is expected to retrain the market growth to certain extent.

• Published: July 2023

Top Companies in Digital Badges Industry - Pearson (UK), SkillSoft Corporation (US) | MarketsandMarkets

The global Digital badges market size is projected to grow from USD 0.2 billion in 2023 to USD 0.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 16.5%. The growth in adoption of online education and use of blockchain for digital badges is driving the growth of the market.

• Published: July 2023

Market Leaders: Major Players are Focusing on Product Launches, Agreement, Investment and Acquisitions to Strengthen their Market Position in Agricultural Pheromones Market

According to MarketsandMarkets, the agricultural pheromones market is projected to reach USD 9.6 billion by 2029 from 4.5 billion by 2024, at a CAGR of 16.4% during the forecast period in terms of value. A number of variables influence the need for agricultural pheromones worldwide. Initially, there is a global shift away from chemical-intensive farming practices and a growing emphasis on sustainable agriculture practices. Agricultural pheromones provide a targeted, all-natural pest management strategy that lessens the need for toxic pesticides. In addition, farmers are looking for creative ways to maximize agricultural yields due to the growing world population and the necessity to increase food production. Pheromones are essential for enhancing pollination and elevating agricultural output. Regulatory demands and customer demands for pesticide-free produce have also accelerated the use of agricultural pheromones as a secure and environmentally friendly pest control method.

• Published: July 2023

Emerging Trends in the Global DevOps Market

The DevOps market is anticipated to develop at a Compound Annual Growth Rate (CAGR) of 19.7%, from USD 10.4 billion in 2023 to USD 25.5 billion by 2028.

 The global DevOps market is evolving rapidly, driven by the need for more efficient software development and IT operations. Here are some of the emerging trends shaping the DevOps landscape:

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

• Published: July 2023

Payment Processing Solutions Market Analysis, Key Players, Strategies, and Forecasts

The market for payment processing solutions is anticipated to expand at a compound annual growth rate (CAGR) of 9.2% from USD 103.2 billion in 2023 to USD 160.0 billion by 2028. The rise in online shopping and e-commerce platforms has led to a significant increase in digital payments. Payment processing solutions play a vital role in facilitating secure and efficient transactions, meeting the growing demand for online payments.

• Published: July 2023

Payment Processing Solutions Market Insights, Emerging Trends and Opportunities

At a compound annual growth rate (CAGR) of 9.2%, the market for payment processing solutions is expected to increase from USD 103.2 billion in 2023 to USD 160.0 billion by 2028. The rise in online shopping and e-commerce platforms has led to a significant increase in digital payments. Payment processing solutions play a vital role in facilitating secure and efficient transactions, meeting the growing demand for online payments.

• Published: July 2023