Research Insight

Top Companies in Automated Machine Learning Industry - ServiceNow (US), Baidu (China) and Salesforce (US) | MarketsandMarkets

The market for Automated Machine Learning is estimated to grow from USD 1.0 billion in 2023 to USD 6.4 billion by 2028, at a CAGR of 44.6% during the forecast period. Automated machine learning (AutoML) is a subset of artificial intelligence (AI) that enables users to create machine learning applications without requiring extensive knowledge of statistics and machine learning. It simplifies the process of building high-performance machine learning applications, which traditionally required specialized data scientists and domain experts. Due to advancements in data science and AI, AutoML has seen significant progress in recent years.

• Published: May 2023

Foremost Companies in the AI In Genomics Market: NVIDIA Corporation (US) and Microsoft Corporation (US)

The global artificial intelligence (AI) in genomics market is projected to reach USD 2.0 billion by 2028 from USD 0.5 billion in 2023, at a CAGR of 32.3% during the forecast period. Growth in this market is predominantly driven by the need to accelerate process and timeline and reduce costs of drug development and discovery and improving computing power and declining hardware cost. However, the lack of curated genomic data is expected to hamper the growth of this market during the forecast period to a certain extent.

• Published: May 2023

Thermal Management Solutions Companies - ExxonMobil (US) and The Dow Chemical Company (US) are Leading Players in the Thermal Management Solutions Market

The Thermal Management Solutions Market size is projected to grow from USD 4.3 billion in 2022 to USD 6.1 billion by 2028, registering a CAGR of 5.9% during the forecast period. The growing demand for energy-efficient solutions in various industries, such as oil and gas, chemical, automotive, and manufacturing, the increasing focus on renewable energy sources, such as solar and geothermal, and rapid industrialization and urbanization in emerging economies are fueling the demand for thermal management solutions.

• Published: May 2023

PVC Recycling Companies - Simplas PVC Recycling (UK) & Veolia (France) are Leading Players in the PVC Recycling Market

The PVC Recycling Market is projected to reach USD 4.9 billion by 2028, at a CAGR of 8.0% from USD 3.3 billion in 2023. The market growth is driven by factors such as significant demand from end industries such as building, construction, and infrastructure, electrical, automotive, consumer goods, and agriculture.

• Published: May 2023

Exposing Latest Trends in Automated Machine Learning Market

According to projections, the market for automated machine learning would expand at a compound annual growth rate (CAGR) of 44.6% from USD 1.0 billion in 2023 to USD 6.4 billion by 2028. A branch of artificial intelligence (AI) known as automated machine learning (AutoML) makes it possible for people to develop machine learning applications without needing to have a deep understanding of statistics and machine learning. Building high-performance machine learning applications, which formerly required professional data scientists and domain expertise, is made simpler by it. AutoML has advanced significantly in recent years as a result of advances in data science and artificial intelligence.

• Published: May 2023

Embedded AI Market Booms: Size and Share, Key Drivers and Industry Leaders

According to estimates, the embedded AI market would expand at a 14.0% compound annual growth rate (CAGR) from USD 9.4 billion in 2023 to USD 18.0 billion by 2028.

• Published: May 2023

Retail Cloud Market Share & Size: Latest Growth Factors

The size of the retail cloud market is anticipated to increase during the forecast period at a Compound Annual Growth Rate (CAGR) of 19.6%, from USD 47.0 billion in 2023 to USD 114.9 billion by 2028. The adoption of new retail technologies to combine online and offline shopping experiences and the introduction of IoT in the retail sector are anticipated to propel the growth of the global retail cloud market.

• Published: May 2023

Emerging Trends in Law Enforcement Software Market: AI, Cloud, Mobile & More

Over the course of the forecast period, the law enforcement software market is anticipated to develop at a Compound Annual Growth Rate (CAGR) of 9.3%, from USD 16.4 billion in 2023 to USD 25.6 billion by 2028. Law enforcement software is a common tool used by public safety agencies to establish trust and credibility with the community.

• Published: May 2023

Retail Cloud Market Share & Size: Latest Growth Factors

The size of the retail cloud market is anticipated to increase during the forecast period at a Compound Annual Growth Rate (CAGR) of 19.6%, from USD 47.0 billion in 2023 to USD 114.9 billion by 2028. The adoption of new retail technologies to combine online and offline shopping experiences and the introduction of IoT in the retail sector are anticipated to propel the growth of the global retail cloud market.

• Published: May 2023

Law Enforcement Software Market: Size and Share, Growth Drivers and Key Players

The size of the law enforcement software market is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 9.3% over the course of the forecast period, from USD 16.4 billion in 2023 to USD 25.6 billion by 2028. Law enforcement software is widely used by public safety organizations to establish their reputation and trust in the community.

• Published: May 2023

Emerging Trends in the Global Retail Cloud Market: Future Demand

Over the course of the forecast period, the retail cloud market is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 19.6%, from USD 47.0 billion in 2023 to USD 114.9 billion by 2028. The global retail cloud market is anticipated to increase as a result of the introduction of IoT into the retail industry and the use of innovative retail technologies that combine online and offline shopping experiences.

• Published: May 2023

Acrylate Companies - BASF SE (Germany) and Arkema (France) are the Key Players in the Acrylate Market

The Acrylate Market is expected to grow at a CAGR of 6.4% to reach USD 14.7 billion by 2028 from USD 10.8 billion in 2023. The market growth is driven by various factors, including the significant demand from end-use industries such as building & construction, packaging, consumer goods, automotive, textiles, biomedical, cosmetics & personal care, and other industries. The key global players in the acrylate market, such as Arkema S.A. (France), BASF SE (Germany), Dow Inc. (US), Nippon Shokubai Co., Ltd. (Japan), Evonik (Germany), LG Chem (South Korea), Mitsubishi Chemical Group Corporation (Japan), Sasol (South Africa), Sibur (Russia), and Wanhua Chemical Group Co. Ltd. (China), have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches and expansions.

• Published: May 2023

Automated Machine Learning Market Share & Size: Outlook & Growth

At a compound annual growth rate (CAGR) of 44.6%, the market for automated machine learning is projected to expand from USD 1.0 billion in 2023 to USD 6.4 billion by 2028. Under the umbrella of artificial intelligence (AI), automated machine learning (AutoML) allows users to develop machine learning applications without needing to have a deep understanding of machine learning and statistics. It streamlines the process of developing high-performance machine learning applications, which in the past required domain specialists and professional data scientists. AutoML has advanced significantly in the last several years as a result of advances in data science and AI.

• Published: May 2023

Thermal Insulation Material Companies - Saint Gobain SA ( France) and Kingspan Group (Ireland) are Leading Players in the Thermal Insulation Material Market

The Thermal Insulation Material Market is projected to reach USD 96.0 billion by 2028, at a CAGR of 6.0% from USD 71.7 billion in 2023. The market growth is driven by factors such as increasing governmental  initiatives for promoting the construction of new buildings, increasing demand of noise reduction, focus on indoor air quality and the energy efficiency regulations.

• Published: May 2023

Top Companies in Retail Cloud Industry - AWS (US), Microsoft (US), Google (US) | MarketsandMarkets

The retail cloud market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period, to reach USD 114.9 billion by 2028 from USD 47.0 billion in 2023. The advent of IoT in retail sector and adoption of new retail technologies to integrate online and offline shopping experiences is expected to drive the growth of the global retail cloud market.

• Published: May 2023

Metallic Stearates Companies - Dover Chemical Corporation (US) and Baerlocher GmbH (Germany) are Leading Players in the Metallic Stearates Market

The metallic stearates market size is estimated to be USD 3.7 billion in 2023, and it is projected to reach USD 4.9 billion by 2028 at a CAGR of 5.4%. Metallic stearates are metal salts of stearic acid that are commonly used as release agents, lubricants, stabilizers, and water repellents in various industries such as plastics, rubber, coatings, and construction. The global metallic stearates market has been growing steadily in recent years and is expected to continue to grow in the coming years. The market is segmented on the basis of several types of metallic stearates such as zinc stearates, calcium stearates, magnesium stearates, aluminum stearates, and others. Metallic stearates is used in several end-use industries such as polymer & rubber, pharmaceuticals & cosmetics, building & construction, paints & coatings, and others. Moreover, the raw materials used in manufacturing metallic stearates are primarily stearic acid and metal compounds such as oxides, hydroxides, or carbonates. Stearic acid is a saturated fatty acid that is derived from animal or vegetable sources such as tallow, palm oil, or coconut oil. The metal compounds used in metallic stearates can vary depending on the specific application, but commonly used metals include zinc, calcium, magnesium, aluminum, and sodium. The manufacturing process typically involves reacting the stearic acid with the metal compound under controlled conditions of temperature, pressure, and pH. This results in the formation of a metal stearate salt, which is then separated from any unreacted materials or byproducts. The resulting metal stearate can be further processed or used as is for various industrial applications.

• Published: May 2023

Microsoft (US) and NVIDIA Corporation (US) are Leading Players in the Metaverse in Healthcare Market

The metaverse in healthcare market is projected to reach USD 79.6 billion by 2028 from USD 9.5 billion in 2023, at a high CAGR of 52.9% during the forecast period. Growth in this market is driven by the increasing demand for telehealth care services and patient centric healthcare delivery. However, increasing concerns of data privacy and security and high implementation cost of technologies are expected to restrain the growth of this market to a certain extent.

• Published: May 2023

Metal Stamping Companies - Gestamp Automoción, S.A. (Spain) and Arconic Corporation (US) are Leading Players in the Metal Stamping Market

The metal stamping market is projected to grow from USD 213.8 billion in 2023 to USD 257.1 billion by 2028, at a CAGR of 3.7% during the forecast period. Growing demand for high-quality, precision parts in end-use industries like automotive, industrial machinery, construction, electricals & electronics, aerospace, telecommunication and medical. The rising demand for precise, high-quality parts is an important driver in this market. One key factor is increased production efficiency. Metal stamping is a low-cost method of producing high-quality, precision parts in huge quantities. Metal stamping machines can now produce parts with extreme accuracy and precision, reducing the need for costly manual labor.

• Published: May 2023

Market Leaders: Major Players are Focusing on Investment and new Product Development to Strengthen their Market Position in Phytosterol Market

According to MarketsandMarkets, the phytosterol market is projected to reach USD 1.6 billion by 2028 from USD 1.0 billion by 2023, at a CAGR of 8.3% during the forecast period in terms of value. The demand for Foods and supplements enriched with phytosterols are consumed globally to meet dietary goals and keep high cholesterol in check. Due to their anti-aging and anti-inflammatory properties, they are also popular in the cosmetics & personal care products industry.

• Published: May 2023

GE HealthCare and Cardinal Health are Leading Players in the Nuclear Medicine Market

The global nuclear medicine market is projected to reach USD 21.01 billion by 2030, growing from USD 10.41 billion in 2025, at a CAGR of 15.1% during the forecast period. This growth is due to the increasing prevalence of cancer and cardiovascular diseases; the increasing adoption of hybrid imaging techniques, such as PET/CT and SPECT/CT; and the growing demand for targeted radiopharmaceuticals and radioisotopes. The market is further facilitated by the innovations in radiotracer development and the need for the use of radiotracers in more clinical areas, such as oncology, neurology, and cardiology. Additionally, increasing investments in nuclear medicine infrastructure and substantial reimbursement policies in developed regions are driving adoption globally.

• Published: May 2023

Ultrapure Water Companies - Veolia (France) and Asahi Kasei (Japan) are Leading players in the Ultrapure Water Market

The ultrapure water market is projected to reach USD 12.1 billion by 2027, at a CAGR of 8.6% from USD 8.0 billion in 2022. Semiconductors are the biggest application of ultrapure water, where it is used in the washing of silicon wafers, which are the building blocks of microchips. The growth of the semiconductor industry is expected to fuel the growth of the market for ultrapure water in the coming years. There is scope for using ultrapure water in many applications where high purity is desirable to improve the efficiency of the product or the process.

• Published: May 2023

Digital MRO Companies - IBM (US) and The Boeing Company (US) are the Key Players

The digital MRO market is projected to reach USD 2.0 billion by 2030, from USD 0.9 billion in 2023, at a CAGR of 13.0%. The global digital MRO market is expected to grow significantly owing to increasing demand for predictive, prescriptive and condition-based maintenance  through data shared by connected aircraft and by growing adoption of software-as-a-service (SaaS)

• Published: May 2023

Top Chatbot Companies - Google (US), Microsoft (US), Baidu (China) and Oracle (US)

The market for chatbot market is estimated to grow from USD 5.4 billion in 2023 to USD 15.5 billion by 2028, at a CAGR of 23.3% during the forecast period. Rise in demand for AI-based chatbots and integration of sentiment analysis with chatbots to gain meaningful customer insights to offer ample of opportunities for market growth.

Major Chatbot Companies include

• Google (US),
• Microsoft (US),
• Baidu (China)
• Oracle (US)

• Published: May 2023

Market Leaders: Major Players Are Focusing on new Product Development and Investment to Strengthen their Market Position in Industrial Sugar Market

According to MarketsandMarkets, the industrial sugar market is projected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value. The demand for industrial sugar products is primarily driven by the increased consumption of convenient and processed food and beverages due to rapid lifestyle.

• Published: May 2023

Market Leaders - Food Antioxidant Market

In the food and beverage industries, antioxidants are becoming increasingly well-liked and are now recognized as significant additives. The additive is now widely used because of rising consumer awareness of its advantages in preventing chronic diseases like diabetes. Market expansion has been hampered by the rising demand for and consumption of processed foods with high antioxidant content. The food's shelf life is extended by its presence because it prevents oxidation. Fast-paced lifestyles and an expanding working population have led to an increase in the consumption of processed foods.

• Published: May 2023

European Paints and Coatings Companies - PPG Industries, Inc. (US) and The Sherwin-Williams Company (US) are Leading Players in the European Paints and Coatings Market

The European Paints and Coatings market is projected to grow to USD 41.6 Billion by 2028 from USD 37.2 Billion in 2023, at a CAGR of 2.3% between 2023-2028. Rising demand for durable coatings with better performance and aesthetics in the construction industry boosts the European paints and coatings market.

• Published: May 2023

Market Leaders - Plant Factory Market

The market for plant factory  is estimated at USD 138 million in 2023; it is projected to grow at a CAGR of 7.3% to reach USD 196 million by 2028. According to a report by the Food and Agriculture Organization of the United Nations, global food demand is projected to increase by 50% by 2050, which will require a significant increase in agricultural productivity. Plant factories offer a potential solution to this challenge, as they can produce high yields of crops in a controlled environment.

• Published: May 2023

Unlocking Growth: Emerging Trends in the Global Composable Applications Market

According to MarketsandMarkets, the market for modular applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028.

• Published: May 2023

3D IC and 2.5D IC Packaging Companies - Taiwan Semiconductor Manufacturing Company, Ltd. (Taiwan) and Samsung (South Korea) are the Key Players

The 3D IC and 2.5D IC packaging market is estimated to be worth USD 49.3 billion in 2023 and is projected to reach USD 82.0 billion by 2028, at a CAGR of 10.7% during the forecast period. The increasing need for advanced architecture in electronic products is a major factor driving the growth of 3D IC and 2.5D IC packaging market globally. Moreover, growing adoption of high-end computing, servers, and data centers is also key factor contributing to the market growth.

• Published: May 2023

Illumina, Inc. (US) and Thermo Fisher Scientific, Inc. (US) are Leading Players in the NGS-based RNA-sequencing Market

The global NGS-based RNA-sequencing market is projected to reach USD 5.5 billion by 2027 from USD 2.5 billion in 2022, at a CAGR of 17.2% during the forecast period. Factors such as the advantages of RNA sequencing over conventional technologies, the decreasing costs of genome sequencing, increasing government funding to support genomics projects, growing research involving RNA sequencing, growing cancer cases, the increasing application of NGS in cancer research, and rapid growth in personalized medicine are expected to drive the growth of the market.

• Published: May 2023

Companies in NLP in Education Industry - IBM (US), Microsoft (US) & SAS Institute (US)

The global Natural Language Processing (NLP) in education market size is projected to grow from USD 99 million in 2023 to USD 228 million by 2028, at a Compound Annual Growth Rate (CAGR) of 18.1%.

The rising demand for efficient language learning, the urge for predictive analytics to reduce risks and identify growth opportunities, and the evolution of AI and deep learning will drive the market.

• Published: May 2023

Fueling Innovation: Size and Share and Growth Factors in the Composable Applications Market

According to MarketsandMarkets, the market for composable applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028.

• Published: May 2023

Application Integration Market Size, Share and Growth Landscape

With a Compound Annual Growth Rate (CAGR) of 20.0% over the course of the forecast period, the application integration market is expected to rise from USD 15.4 billion in 2023 to USD 38.4 billion by 2028. The rising need to eliminate data silos and improve productivity is driving the growth of the application integration market.

• Published: May 2023

` - Veolia Water Technologies(France) and Evoqua Water Technologies(US) are Leading Players in the Brine Concentration Technology (BCT) Market

The brine concentration technology market is projected to reach USD 21.1 billion by 2027, at a CAGR of 6.0% from USD 15.8 billion in 2022. The market growth is driven by factors such as the use of processes like zero liquid discharge systems and the increasing demand for the use of desalination due to the limited availability of freshwater.

• Published: May 2023

Application Integration Market - Key to Unlocking Data & Streamlining Operations

Over the course of the forecast period, the application integration market is expected to develop at a Compound Annual Growth Rate (CAGR) of 20.0%, from USD 15.4 billion in 2023 to USD 38.4 billion by 2028. The rising need to eliminate data silos and improve productivity is driving the growth of the application integration market.

• Published: May 2023

Top Application Integration Companies - Salesforce (US) and SAP (Germany) | MarketsandMarkets

The application integration market size is projected to grow from USD 15.4 billion in 2023 to USD 38.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period. The rising need to eliminate data silos and improve productivity is driving the growth of the application integration market.

• Published: May 2023

Top Companies in Composable Applications Industry - Salesforce (US), Dell Boomi (US), MuleSoft (US), Informatica (US) and Software AG (Germany)

According to MarketsandMarkets, the market for composable applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028. Increased demand for app development is driving composable application market growth.

• Published: April 2023

Top Companies List of Circuit Monitoring Industry - ABB (Switzerland), Schneider Electric (France) and Eaton (Ireland)

The global circuit monitoring market is projected to reach USD 829 million by 2028 from an estimated USD 659 million in 2023, at a CAGR of 4.7% during the forecast period. Factors such as huge investments, along with enforcement of stringent standards, to reduce carbon footprint in data centers are driving the growth of the circuit monitoring market.

• Published: April 2023

The Future of Learning: Top Trends Shaping Digital Education

MarketsandMarkets expects the global Digital Education Market to grow from USD 32.36 billion in 2025 to USD 95.70 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 24.2% during the projected period. Increased internet penetration; lower infrastructure costs and increased scalability through online learning; better efficiency, convenience, and flexibility; and rising demand for microlearning are all significant factors driving the growth of the Digital Education market.

• Published: April 2023

Global Digital Education Market: Key Growth Drivers and Leading Companies

MarketsandMarkets expects the global Digital Education Market to grow from USD 32.36 billion in 2025 to USD 95.70 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 24.2% during the projected period. Increased internet penetration; lower infrastructure costs and increased scalability through online learning; better efficiency, convenience, and flexibility; and rising demand for microlearning are all significant factors driving the growth of the Digital Education market.

• Published: April 2023

Foremost Companies in the Airway Management Devices Market: Medtronic (Ireland) and ICU Medical, Inc. (US)

The airway management devices market is projected to reach USD 2.4 billion by 2028 from USD 1.8 billion in 2022, at a CAGR of 5.6% during the forecast period. Factors such as the growing number of pre-term births, rising geriatric population and increasing prevalence of chronic respiratory diseases, are supporting the market growth. Increasing demand for single-use airway management devices and significant growth potential in developing countries for airway management therapies present growth opportunities for the vendors in the market.

• Published: April 2023

Top Companies in the Water-Soluble Fertilizers Market - Nutrien (Canada) and Yara International (Norway)

The water-soluble fertilizers market is estimated at USD 22.25 billion in 2026 and is projected to reach USD 31.00 billion by 2031, at a CAGR of 6.9%. The global water-soluble fertilizers (WSF) market is expanding because of government policies that support nutrient management efficiency, farmers who need high-quality residue-free crops, and the adoption of precision and fertigation-based farming systems. The market for nitrogen-, phosphorus-, and potassium-based WSF products shows leadership through its advanced formulations, which enhance both solubility and nutrient accessibility for various agricultural applications. The market growth results from specialized fertilizer manufacturers and large agrochemical companies, which both expand their WSF investments through their technological advancements and their participation in public programs that enhance sustainable crop nutrition.

• Published: April 2023

Industrial Cleaning Chemicals Companies - BASF SE (Germany) and Dow Inc. (US) are Leading Players in the Industrial Cleaning Chemicals Market

The industrial cleaning chemicals market is projected to grow from USD 47.1 billion in 2023 to USD 59.5 billion by 2028, at a CAGR of 4.8% during the forecast period. The market growth is primarily driven by factors such as increased concern over healthier environment and workplace hygiene initiatives. Increasing demand from application post COVID-19 pandemic benefits the industrial cleaning chemical suppliers and fuels the global industrial cleaning chemicals market.

• Published: April 2023

Defense Electronics Companies - Lockheed Martin Corporation (US) and Northrop Grumman Corporation (US) are the Key Players

The Defense Electronics Market is projected to reach USD 213.2 Billion by 2028, from USD 166.7 Billion in 2023, at a CAGR of 5.1%. The global Defense electronics market has grown significantly in the past several years owing to increasing geopolitical disputes, terror attacks, and border issues. Technological developments in military systems and equipment have resulted in significant improvements in defense electronics systems. The use of integrated defense electronics products provides multiple advantages, such as real-time decision-making, remote operations, and reprogramming of systems for defense against new and emerging threats. Defense electronics products, including integrated electronic warfare systems, enable communication with multiple other military defense systems, resulting in better-coordinated operations.

• Published: April 2023

Top Companies in Diesel Engines Industry - Caterpillar (US), Cummins (US) and Hyundai Heavy Industries (South Korea)

The global diesel engine market is estimated to grow from USD 63.9 billion in 2023 to USD 78.8 billion by 2028, at a CAGR of 4.3% during the forecast period. Factors including the increased need for backup power production for power expansion, international marine freight transit improvement, and maritime tourism development primarily drive the diesel engine market. The propulsion systems and diesel engine market will continue to expand as more marine vessels would be required for defense and patrol.

• Published: April 2023

Top Companies List of Digital Twin in Finance Industry - IBM (US), Microsoft (US) and Capgemini (France) | MarketsandMarkets

The digital twin in finance market size is projected to grow from USD 0.1 billion in 2023 to USD 0.5 billion by 2028, at a CAGR of 34.8% during the forecast period. The growing adoption of industry 4.0 and need to test new market scenarios in real time to reduce risks will drive the growth of digital twin in financial market. In the banking sector, Industry 4.0 technologies have unlocked new dimensions. With Industry 4.0, new banking services and opportunities can be launched to improve business performance and end customer experiences.

• Published: April 2023

Top Cloud-based Quantum Computing Companies - Microsoft (US) and AWS (US)

The cloud-based quantum computing market is projected to grow from USD 798 million in 2023 to USD 4,063 million by 2028, at a CAGR of 38.5 %.

The increasing accessibility of quantum computers using cloud technology drives the market growth. The rapid digitalization across several countries is also projected to fuel market development in the coming years.

Major Cloud-based Quantum Computing Companies include

• IBM (US)
• Microsoft (US)
• Google (US)
• AWS (US)

• Published: April 2023

Unveiling the Power of Digital Twins: 5 Trends Shaping the Future of Finance

The digital twin in finance market is expected to increase from USD 0.1 billion in 2023 to USD 0.5 billion by 2028, with a CAGR of 34.8% over the forecast period. The increased use of industry 4.0, as well as the necessity to test novel market scenarios in real time to decrease risks, will drive the development of digital twins in the financial sector. Industry 4.0 technology have opened up new possibilities for the banking industry. Industry 4.0 enables the launch of new banking services and chances to improve business performance and end-customer experiences.

• Published: April 2023

Digital Twin in Finance: Growth Drivers & Leading Players

The digital twin in finance market is expected to increase from USD 0.1 billion in 2023 to USD 0.5 billion in 2028, at a CAGR of 34.8% over the forecast period. The increased use of industry 4.0, as well as the necessity to test novel market scenarios in real time to decrease risks, will fuel the expansion of digital twins in the financial markets. Industry 4.0 technology have opened up new possibilities for the banking sector. With Industry 4.0, new banking services and opportunities can be introduced to boost corporate performance and end-customer experiences.

• Published: April 2023

Glass Mat Companies - Increasing demand for lightweight products in the automotive & transportation industry to drive the Glass Mat Market

The glass mat market size is estimated to be USD 1.3 billion in 2022 and is projected to grow at a CAGR of 8.6% between 2023 to 2028. The use of glass mat in the wind energy, electrical & electronics, and consumer goods industries is also driving the market in the Asia-Pacific region. The use of glass mat has increased in the construction & infrastructure and industrial applications end-use industries for applications such as reinforcement of concrete products, utility poles, pipes & tanks, roofing panels, and composite walls. The light weight and high strength properties of glass mat allow these products to penetrate the market.

• Published: April 2023