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  • Medtronic PLC (Ireland) and Cardinal Health, Inc. (US) are Leading Plyers in the COVID-19 impact on Medical Supplies Market

    COVID-19 impact on the global medical supplies market size is projected to reach USD ~100 billion by 2021 from USD ~78 billion in 2020, at a CAGR of ~13.4%.

    • Published: April 2020

  • Amcor (Australia) and Ball Corporation (US) are the Key Players in the COVID-19 Impact on Packaging Market

    The global packaging market size during the COVID-19 pandemic is projected to grow from USD 909.2 billion in 2019 to USD 1,012.6 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 5.5% as the most likely outcome during the forecast period, with the best-case scenario reflecting 9.2% growth and the worst-case scenario at 2.2% growth. The major drivers for the packaging industry include the increased demand for FMCG and pharmaceutical packaging, rising e-commerce sales due to lockdown.

    • Published: April 2020

  • GE (US) and ABB (Switzerland) are Leading Players in the COVID-19 Impact on Smart Grid Market

    The global smart grid market size is projected to grow from USD 26.9 billion in 2020 to USD 28.8 billion by 2021 at a CAGR of 7.1% from 2020 to 2021. Rising investments drive the growth of this market for modernization of aging grid infrastructure, and improved grid reliability and efficient outage response. Furthermore, the smart grid also helps during the period of uncertainties. Presently, the lockdown due to COVID-19 drives the requirement of smart systems to manage grid operations so that there is minimum human intervention.

    • Published: April 2020

  • Market Leadership - COVID-19 Impact on Global Machine Tool Market

    Post COVID-19, the global machine tool market is projected to reach USD 68.9 billion by 2021 from an estimated USD 65.6 billion in 2020, at a CAGR of 5.0%. The projections were based on the ongoing automotive industry production drop, which is the biggest consumer of machine tools and, additionally, the supply chain disruptions caused by the COVID-19 pandemic in the manufacturing industry.

    • Published: April 2020

  • Market Leaders - COVID-19 Impact on Homeland Security Management Market

    Post COVID-19, the size of the global homeland security management market under realistic scenario is expected to grow from USD 1,035 billion in 2020 to USD 1,081 billion by 2025, at a CAGR of 0.9% from 2020 to 2025. In the long term, the rise in demand for AI-based solutions for homeland security management is anticipated to drive the growth of the market during the forecast period. However, delay in financial decision making and limited public funding by various countries across the globe are the immediate challenges in front of each nation.

    • Published: April 2020

  • Smith & Nephew (UK) and B. Braun Melsungen AG (Germany) are the Leading Players in the Wound Debridement Market

    The wound debridement market is projected to reach USD 1,162 million by 2025 from USD 822 million in 2020, at a CAGR of 7.2%. Market growth is driven by the high prevalence of diabetes and associated wounds, increasing incidence of burns, and awareness programs. Emerging countries such as China and India provide growth opportunities for players in the market during the forecast period. However, the high cost of products is expected to hamper market growth to a certain extent in the coming years.

    • Published: April 2020

  • Market Leadership - COVID-19 Impact on Battery Energy Storage Market

    The global battery energy storage market size is projected to grow from USD 5.7 billion in 2020 to USD 7.3 billion by 2021, at a CAGR of 13.7% during the forecast period. The major factors driving the growth of the battery energy storage industry include the growing need for continuous power from critical infrastructure sectors and the rising need to integrate increasing renewable energy sources and rural electrification.

    • Published: April 2020

  • Market Leader - COVID-19 Impact on Lubricants Market

    The global lubricants market size is projected to decrease in 2020 from 2019, at a negative growth of 0.95%, in terms of value. COVID-19 has negative impacts on industrial production and vehicles on road, which is expected to decrease the demand for lubricants in 2020. The demand in countries such as China, India, Japan, and the US is expected to decline from both the transport and the industrial sectors.

    • Published: April 2020

  • Market Leader - COVID-19 Impact on the Feed Market

    The global animal feed market is projected to be valued at USD 289.0 billion in 2022. The increasing awareness among livestock breeders and farmers about the health of animals has led to an increase in demand for feed additives and ingredients, such as amino acids, phytogenic, vitamins & minerals, commodity ingredients, and others.

    • Published: April 2020

  • Henkel (Germany) and Ethicon, Inc. (Johnson & Johnson Services) (US) are leading players in COVID-19 Impact on Adhesives & Sealants Market

    Post COVID-19, the global adhesives & sealants market size is projected to reach USD 66.8 billion in 2021 from USD 63.5 billion in 2019, growing at a CARG of 2.6%, between 2019-2021. The growth of the medical devices, & personal protective equipment market, personal hygiene products, and the increasing use of single-use disposable medical products are expected to impact the demand for medical & hygiene adhesives positively.

    • Published: April 2020

  • AMAZON WEB SERVICES (AWS) (US) and Cisco (US) are Leading Players in the COVID-19 Impact on Cloud Computing Market

    The impact of COVID-19 on the global cloud market size is expected to grow from USD 233 billion in 2019 to USD 295 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period. Enterprises’ need to support remote workforce to induce investment in IT infrastructure for hyperscalers, cloud service providers (CSPs), internet service providers (ISPs), and managed hosting providers is one of the major factors driving the market growth. The rise in demand for cloud-based business continuity tools and services and suitability of public cloud environments best suited for the current unprecedented scenario are other parameters driving growth.

    • Published: April 2020

  • COVID-19 Impact on Airport Operations Companies - FLIR Systems, Inc. and Honeywell (US) are the Key Players

    Post COVID-19, the size of the global airport operations market is expected to grow from USD 8.5 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 11.0% from 2020 to 2025. For the forecast period, the rise in demand for smart passenger screening and management systems at airports is anticipated to drive the growth of the market. However, in the short term, the market is expected to suffer losses, with a decline rate of 12.4% from 2020 to 2021 owing to temporary travel bans by various countries across the globe.

    • Published: April 2020

  • New Product Launches and Expansions are some of the Dominant Strategies that are Adopted by Major Players to Strengthen their Presence in the Sugar Decorations & Inclusions Market

    The global sugar decorations & inclusions market size is projected to grow from USD 1.5 billion in 2020 to USD 2.1 billion by 2025, recording a compound annual growth rate (CAGR) of 6.3% during the forecast period. Sugar decorations and inclusions are the key ingredients that attract customers toward various desserts and bakery products, due to which they are projected to witness significant growth in the global food industry. The increasing demand for textured and decorated baked foods and the growth of bakery and confectionery sectors across regions are some of the major factors that are projected to drive the growth of the sugar decorations & inclusions market. In addition, the increasing demand for bakery products in various economies across regions is a key factor that is projected to drive the market growth.

    • Published: April 2020

  • Market Leader - COVID-19 Impact on Composites Market

    Composites are used in a variety of end-use industries, including aerospace & defense, transportation, wind energy, marine, pipes & tanks, construction & infrastructure, and electrical & electronics. Led by strong end-user demand, the composites market is expected to grow at a rapid pace. However, amidst the global COVID-19 pandemic, the demand for composites from the aforementioned industries is expected to show a sharp decline. The global composites market size is expected to decline from USD 90.6 billion in 2019 to USD 82.9 billion by 2021, projecting a negative CAGR of 4.4% between 2019 and 2021.

    • Published: April 2020

  • AWS (US) and Microsoft (US) are IoT Cloud Platform Market

    MarketsandMarkets forecasts the global Internet of Things (IoT) cloud platform market size to grow from USD 6.4 billion in 2020 to USD 11.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Major factors expected to drive the growth of the IoT cloud platform market include the proliferation of IoT-enabled devices, need to increase operational efficiency, rapidly decreasing costs of IoT-based sensors connectivity hardware, and emergence of Internet Protocol version 6 (IPv6).

    • Published: April 2020

  • Oracle (US), IBM (US) and SAS Institute (US) are Leading Players in the COVID-19 Impact on Analytics Market

    The COVID-19 impact on the analytics market size is expected to grow from USD 25.4 billion in 2019 to USD 33.8 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period. The major factors driving the growth of COVID-19 impact on the analytics industry include increasing demand for digital transformation, increased investments in analytics, growing demand for remote services and location data, and increasing need for real-time information to track and monitor the COVID-19 spread.

    • Published: April 2020

  • SABIC (Saudi Arabia) and Celanese (US) are the Major Players in the COVID-19 Impact On Medical Plastics Market

    The global medical plastics market size during this pandemic is projected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period. The major drivers for the medical plastics industry include the growing demand from OEMs and medical device/equipment manufacturers for the production of critical care systems such as ventilators, thermal scanners, respirators, and so on.

    • Published: April 2020

  • Market Leadership - COVID-19 Impact on EV and EV Infrastructure Market

    Post COVID-19, the global electric vehicle and electric vehicle infrastructure market is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1%. The projection for 2021 is expected to be down by 34% as compared to pre-COVID estimation.

    • Published: April 2020

  • Market Leaders - Covid-19 Impact On Cybersecurity Market

    The global impact of COVID-19 on cybersecurity market size is expected to grow from USD 183.2 billion in 2019 to USD 230 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12% during the forecast period. The market growth can be attributed to increasing focus on cybersecurity-driven business continuity plans to provide optimized security to customer data and operations that are being handled by the companies. Increasing focus on cybersecurity as a key business imperative and not just as a support function is expected to further drive the market with a higher wallet share for security policies and infrastructure.

    • Published: April 2020

  • Market Leader - COVID-19 Impact on Renewable Energy Market

    The global renewable energy market is projected to grow from a size of USD 184.3 billion in 2020 to USD 226.1 billion by 2021 and at a CAGR of 22.7%. The contraction in oil consumption due to COVID-19 is expected to drive the renewable energy industry during the forecast period of 2019–2021. The global pandemic is affecting a wide range of energy markets, including coal, gas, and renewables. But its impact on oil markets is particularly severe because of partial and complete lockdowns, which are restraining the movement of goods and people, creating a heavy blow to the demand for transport fuels.

    • Published: April 2020

  • Smart Retail Companies - IBM (New York, US), Intel Corporation (California, US), are the Key Players

    The global smart retail market is estimated to grow from USD 21.6 billion in 2020 to USD 62.5 billion by 2025; growing at a CAGR of 23.6%. The key factors fueling the growth of this market are the increasing use of robots and automation to offer shopping convenience to customers and changing customer expectations leading to the increased use of smart technologies by retailers.

    • Published: April 2020

  • IBM (US) and Royal Phillips (Netherlands) are Leading Players in the Covid-19 Impact on Internet of Things (IoT) Market

    The global impact of COVID-19 on Internet Of Things market size is expected to grow from USD 150 billion in 2019 to USD 243 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period. The major factors driving the market growth include increasing focus on remote monitoring for “work from home” initiative, increasing adoption of smart payment technologies to minimize human contact involved in cash payments, and growing demand for wearable devices.

    • Published: April 2020

  • Impossible Foods (US) and Beyond Meat (US) are the Key Players in the COVID-19 Impact on the Plant-Based Meat Market

    The global plant-based meat market size is projected to grow from USD 3.6 billion in 2020 to USD 4.2 billion by 2021 by value, recording a compound annual growth rate (CAGR) of 17.0% in the realistic scenario during the forecast period. The fear of an increasing number of animal-borne illnesses such as COVID-19 among consumers, rising vegan population, and consumers awareness regarding nutritional benefits offered by plant-based sources of meat are the factors that are projected to drive the growth of the plant-based meat industry. Furthermore, consumers are shifting toward plant-based proteins and healthier lifestyles, which is also expected to drive the market growth.

    • Published: April 2020

  • Market Leaders - COVID-19 Impact on Ride Sharing Market

    Post COVID-19, the global ride sharing market size is projected to grow from USD 75.39 billion in 2020 to USD 117.34 billion by 2021, at a Y-O-Y of 55.6% during the forecast period. The projection for 2021 is estimated to be down by 2% as compared to pre-COVID-19 estimation.

    • Published: April 2020

  • VRF System Companies - Daikin (Japan) and Toshiba (Japan) are the Leading Manufacturers

    A VRF system is an air-conditioning system that consists of an outdoor unit (composing 1 or multiple compressors), multiple indoor units, and control systems and accessories. Variable refrigerant flow refers to the system’s ability to control the amount of refrigerant flowing to multiple evaporators (indoor units), enabling the use of many evaporators of differing capacities and configurations connected to a single condensing unit.

    • Published: April 2020

  • Market Leadership - COVID-19 Impact on 5G Infrastructure Market

    Post COVID-19, the 5G Infrastructure market is estimated to grow from USD 12.6 billion in 2020 and projected to reach USD 44.9 billion by 2025, at a CAGR of 28.97%. The projection for 2025 is estimated to be down by 22.79% as compared to pre COVID-19 estimation. The major factors driving the growth of the global 5G infrastructure market is the need for high data transfer speed with low latency, increasing adoption of IoT devices, rising implementation of automation technologies across the end-user industries, and exponential rise in data traffic.

    • Published: April 2020

  • Emerson Electric Co. and ABB Ltd. are Leading Players in the COVID-19 Impact on Smart Manufacturing Market

    Post COVID-19, the global smart manufacturing market size is estimated to grow from USD 181.3 billion in 2020 and projected to reach USD  220.4  billion by 2025, at a CAGR of 4.0%. The estimation for 2020 is down by ~16% as compared to the pre-COVID-19 estimate.

    • Published: April 2020

  • Salesforce (US) and Appian (US) are the Key Players in the Low-Code Development Platform Market

    The low-code development platform market is projected to grow from USD 13.2 billion in 2020 to USD 45.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period. The increasing need of digitalization and maturity of agile DevOps practices are expected to enhance the use of low-code development platform market across the globe.

    • Published: April 2020

  • Market Leadership - COVID-19 Impact on Industrial Robotics Market

    Post COVID-19, the global traditional industrial robotics market size is projected to grow from USD 44.6 billion in 2020 to USD 73.0 billion by 2025 and is expected to grow at a CAGR of 10.4% from 2020 to 2025. The projection for 2025 is estimated to be down by ~3% as compared to pre-COVID-19 estimation.

    • Published: April 2020

  • Market Leadership - COVID-19 Impact on Smart Lighting Market

    Post COVID-19, the global smart lighting market size is estimated to grow from USD 9.4 billion in 2020 and projected to reach USD 24.2 billion by 2025, at a CAGR of 20.9%. The projection for 2025 is estimated to be down by 21% as compared to pre-COVID-19 estimation.

    • Published: April 2020

  • Monaghan Mushrooms (Ireland) and Walsh Mushrooms Group (Ireland) are the Key Players in the Mushroom Cultivation Market

    The mushroom cultivation market is estimated to account for a value of USD 16.7 billion in 2020 and is projected to grow at a CAGR of 4.0% from 2020, to reach a value of USD 20.4 billion by 2025. The global mushroom cultivation market is projected to witness significant growth due to factors such as the multiple health benefits of mushrooms, increasing per capita mushroom consumption, cost-effective production and rising demand for vegan and natural food in the diet and increasing health-conscious population across the globe.

    • Published: April 2020

  • Foremost Companies in the Depth Filtration Market: Danaher Corporation (US) and Merck KGaA (Germany)

    The global depth filtration market is estimated to grow from USD 1.7 billion in 2019 to USD 2.9 billion by 2025, at a CAGR of 9.0% during the forecast period. The growth of this market is largely driven by factors such as increasing adoption of single-use technologies, focus on developing large-molecule biopharmaceuticals, and advantages such as low cost and ease of use are driving the adoption of depth filters. However, the requirement of high capital investments for setting up production facilities is expected to hamper the growth of the depth filtration market.

    • Published: April 2020

  • Expansion, Product Launches, and Acquisitions are the Key Development Strategies Adopted by the Leading Players for the Growth of the Global Phenolic Panel Market

    Phenolic panels are used in the interior, exterior, furniture, and various other applications of end-use industries, such as construction, marine, aerospace & defense, and transportation, to name a few. The main purpose of these phenolic panels is to offer fire-resistance and moisture-resistance properties. For instance, phenolic panels are used in the exterior cladding, partitions, cubicles, and other applications to prevent fire accidents. The global phenolic panel market size was USD 1.7 billion in 2020 and is projected to reach 2.4 billion by 2025, registering a growth of 6.5%.

    • Published: April 2020

  • Market Leader - Lycopene Market

    The lycopene market is estimated to be valued at USD 126 million in 2020 and is projected to reach USD 161 million by 2025, at a CAGR of 5.0% during the forecast period. The increasing number of benefits offered by lycopene in preventive healthcare and its rising applications in an array of industries across the globe is projected to exponentially grow the lycopene market in the coming years.

    • Published: April 2020

  • Smart Greenhouse Companies - Nexus Corporation (Nexus, US), Argus Control Systems Limited (Argus Controls, Canada) are the Key Players

    The smart greenhouse market is projected to reach USD 2.1 billion by 2025 from USD 1.4 billion in 2020; it is expected to grow at a CAGR of 9.2% from 2020 to 2025. The smart greenhouse market in APAC is projected to grow at the highest CAGR during the forecast period. The growth of the market in APAC can be attributed to the continuously increasing population of the region, thereby leading to rising demand for food. This has led to an increase in the adoption of advanced technologies such as smart greenhouses to enable the supply of fresh fruits and vegetables throughout the year. The growers in China have also introduced advanced growing techniques such as controlled-environment agriculture (CEA) and hydroponics to increase their yields. Moreover, high pressure to improve agricultural yields with limited available resources and increased requirements to protect crops from unexpected climatic changes are also expected to increase the adoption of smart greenhouses in APAC during the forecast period.

    • Published: April 2020

  • Armacell (Germany) and Kingspan Group Plc (Ireland) are the Key Players in the Refrigeration Insulation Materials Market

    The refrigeration insulation material market size is projected to reach USD 4.8 billion by 2025 from USD 3.6 billion in 2020, at a CAGR of 6.0% between 2020 and 2025. Growing demand for both refrigeration equipment for industrial and commercial sectors has put a significant impact on the market. The global population is growing at 1.1% each year, and the industrial activity grew by 3.2% in 2017, as per OECD. These factors have had a significant influence on the global industrial production, which has boosted the market for refrigeration insulation materials. The demand for food is also growing along with growing population. This raises the importance of food preservation and food security, further giving a boost to the refrigeration insulation market

    • Published: April 2020

  • Market Leader - Fresh Food Packaging Market

    The global fresh food packaging market size is projected to grow from USD 79.8 billion in 2020 to USD 95.2 billion by 2025, at a CAGR of 3.5% between 2020 and 2025. The major driving factors of the market include growing demand for convenience food items and innovative packaging solutions for extended shelf life of fresh food items.

    • Published: April 2020

  • Johnson Controls (Ireland) and Honeywell (US) are Leading Players in the Fire Protection System Market

    Fire protection systems are a set of connected devices or systems that are used to prevent fire accidents. These systems also reduce the impact of uncontrolled fires, thus saving lives and property. Fire protection systems comprise fire detection, fire suppression, fire sprinkler, fire analysis, and fire response systems that are required in emergencies.

    • Published: April 2020

  • Market Leader - Eco-friendly Food Packaging Market

    According to MarketsandMarkets, the eco-friendly food packaging market is estimated to be valued at USD 163.6 billion in 2019 and is projected to reach USD 249.5 billion by 2025, recording a CAGR of 7.4% in terms of value. In terms of volume, the market is estimated to be valued at 1,006.1 MMT in 2019 and is projected to grow at a CAGR of 6.5% during the forecast period to reach 1,462.8 MMT. Stringent government regulations and consumer awareness about the hazards of using single-use plastic products for food packaging are boosting the growth of the eco-friendly food packaging market globally.

    • Published: April 2020

  • Amdocs (US) and TCS (India) are leading players in Revenue Assurance Market

    The revenue assurance market size is projected to grow from USD 512 million in 2020 to USD 782 million by 2025, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. Major factors driving the growth of the revenue assurance market include the rise in the internet penetration, an increase in the generation of transaction data, development of SMEs offering digital solutions for service delivery, rise of subscription-based business models, and adoption of advanced technologies, such as big data, ML, and IoT.

    • Published: April 2020

  • Adobe (US) and Microsoft (US) are Leading Players in the Customer Analytics Market

    The customer analytics market size is projected to grow from USD 10.5 billion in 2020 to USD 24.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. The major factors driving the growth of customer analytics market include the need to understand customer buying behavior for a more personalized customer experience and advent of technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and business process automation to streamline marketing operations.

    • Published: April 2020

  • New Product Launch Accounted for the Largest Share of all the Strategic Developments that Took Place in the Abrasives Market

    The global abrasives market size is projected to grow from USD 46.4 billion in 2020 to USD 58.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast year. The growth of this market is attributed to the increasing demand for abrasives in various end-use industries for polishing, grinding, coarse sanding, lacquer sanding, and repair sanding.

    • Published: April 2020

  • Foremost Companies in the Drug Discovery Informatics Market: Jubilant Life Sciences (India) and Charles River Laboratories (US)

    The global drug discovery informatics market is projected to reach USD 3.5 billion in 2025 from USD 2.2 billion in 2020, at a CAGR of 9.3% during the forecast period. Market growth is largely driven by factors such as the rising R&D expenditure, growing support for research, especially in the area of rare diseases, and the increasing use of informatics in drug discovery. However, the scarcity of skilled professionals and the high setup cost of informatics software are expected to limit market growth to a certain extent.

    • Published: April 2020

  • Thermal Printing Companies - Zebra Technologies (US) and SATO Holdings (Japan) are the Key Players

    Thermal printing is a process in which heat is used to produce an image or print on the paper. This technology does not make use of ink or toner, unlike many other printing forms, but mostly depends on thermal papers for producing images. The thermal printing market is expected to grow from USD 43.2 billion in 2020 to USD 53.5 billion by 2025; it is expected to grow at a CAGR of 4.4% during the forecast period. Retail, transportation & logistics, manufacturing & industrial, and healthcare & hospitality are the key applications, which dominate the thermal printing market and also contribute significantly to its growth.

    • Published: April 2020

  • Owens Corning (US) and Misapor AG (Switzerland) are the Major Players in the Cellular Glass Market

    The global cellular glass market size is projected to reach USD 618 million by 2025 from the estimated USD 520 million in 2020, at a CAGR of 3.5% between 2020 and 2025. High-quality insulation for industrial purposes and protection against fire and long life are the driving factors for the growth of the cellular glass industry. The fragility of cellular glass, along with its susceptibility to vibration-induced damage and the lack of marketing, hamper the growth of the cellular glass market. However, environmental regulations and new application areas are projected to boost the demand for cellular glass in the coming years. However, the high cost of cellular glass and lack of awareness on the benefits of cellular glass is the challenging factors in the market.

    • Published: April 2020

  • Expansions, product launch, and acquisition are the key development strategies adopted by the leading players for the growth of the Rubber Repair Adhesives Market

    Rubber repair adhesives are used in conveyor belts, tanks & vessels, pipes & fittings, and other applications in end-use industries, such as cement & aggregate, mining & quarrying, and steel. The primary purpose of these adhesives is to offer effective repairing solutions.  For instance, conveyor belts are used to transport heavy volumes of materials, such as stone, coal, sand, and ore. Thus, with the passage of time, conveyors belts become more susceptible to wear & tear. This creates a need for the repair of damaged conveyor belts. The global market size of rubber repair adhesives was USD 291 million in 2020 and is projected to reach 354 million by 2025, registering a growth of 4.0%.

    • Published: April 2020

  • Hi-Fi System Companies - Samsung Electronics Co. (South Korea) and Sony Corporation (Japan) are the Key Players

    The Hi-Fi system market is expected to grow from USD 13.6 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 5.2%. Innovations in wireless audio technology have proved to be a significant factor driving the demand for Hi-Fi systems in different applications. The Hi-Fi system market in APAC is expected to grow at the highest CAGR during the forecast period owing to the vast customer base and increasing purchasing power of consumers in this region.

    • Published: April 2020

  • SolarWinds (US) and Micro Focus (UK) are leading players in Security Information and Event Management Market

    The global Security Information and Event Management (SIEM) market size is expected to grow from USD 4.2 billion in 2020 to USD 5.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. SIEM can be deployed on-premises as well as on cloud as per business requirements. The on-premises deployment mode allows organizations to control all the systems and data, but they also must pay the cost for hardware, software, and other resources used for its maintenance. It also restricts the storage capacity that is needed to maintain new functionalities and technologies. Cloud-based deployment benefits organizations with increased scalability, speed, 24/7 services, and improved Information Technology (IT) security. The demand for Software-as-a-Service (SaaS)-based security solutions is rapidly increasing, as the central delivery model meets the IT security needs. Owing to the increasing number of applications being deployed over the cloud, there is a shift from traditional on-premises SIEM solutions to cloud-based SIEM solutions across large enterprises and SMEs.

    • Published: April 2020

  • Hologic, Inc. (US) and GE Healthcare (US) are Leading Players in the Breast Imaging Market

    The global breast imaging market is projected to reach USD 5.4 billion by 2025 from USD 3.7 billion in 2020, at a CAGR of 8.1%. The factors driving the growth of the market are rising prevalence of breast cancer, technological advancements in breast imaging modalities, increasing government investments and funding for breast cancer treatment and related research, and growing aging population and awareness regarding breast cancer. However, factors such as errors in breast cancer screening and diagnosis, side effects of radiation exposure, and growing adoption of refurbished imaging systems are the key challenges faced by the market players.

    • Published: April 2020

  • John Deere (US) and CNH Industrial (UK) are the Key Players in the Farm Equipment Rental Market

    The global farm equipment rental market is estimated to account for a value of USD 46.8 billion in 2020 and is projected to grow at a CAGR of 7.3% from 2020, to reach a value of USD 66.4 billion by 2025. The growth of the farm equipment rental market driven by factors such as shortage of skilled labor and an increase in mechanization in developing countries, rising demand for productivity and operational efficiency, and limited availability of arable land. The increasing government subsidies for farming equipment further provide open opportunities for growth of the farm equipment rental market.

    • Published: April 2020

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