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Home › Press Releases
Press Releases
Title | Date |
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Natural Language Processing (NLP) Market worth $68.1 billion by 2028According to a research report "Natural Language Processing (NLP) Market by Offering (Solutions, Services), Type (Rule-based, Statistical, Hybrid), Application (Sentiment Analysis, Social Media Monitoring), Technology (IVR, OCR, Auto Coding), Vertical & Region - Global Forecast to 2028" published by MarketsandMarkets, the market for natural language processing is estimated to grow from USD 18.9 billion in 2023 to USD 68.1 billion by 2028, at a CAGR of 29.3% during the forecast period. Natural Language Processing (NLP) refers to the branch of computer science, specifically the branch of Artificial Intelligence (AI), concerned with giving computers the ability to understand text and spoken words in much the same way human beings can. NLP drives computer programs that translate text from one language to another, respond to spoken commands, and quickly summarize large volumes of text—even in real time. ...... Read More |
September 22, 2023 |
5G in Defense Industry worth $2.3 billion by 2028The report "5G in Defense Market by Platform (Land, Naval, Airborne), Solution (Communication Network,Chipset, Core Network), End User, Network Type, Installation and Region (North America, Europe, Asia Pacific, LA, MEA) - Global Forecast to 2028" The 5G in Defense market is estimated to be USD 0.9 Billion in 2023 to USD 2.3 billion by 2028, at a CAGR of 19.9% from 2023 to 2028. The driving factor for the 5G in Defense market 5G in elevation of growing Situational Awareness drives the market, Technological innovations in 5G Network, 5G drives Real-time Connectivity in Multi-Threat future battlespace scenarios, Growth of Autonomous and Connected Devices a Catalyst for 5G in the Defense Market etc. ...... Read More |
September 22, 2023 |
Structural Adhesive Tapes Market worth $13.0 billion by 2028The report "Structural Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Backing Material, End-Use Industry (Automotive, Healthcare, Electronics & Electrical, Renewable Energy, E-Mobility, Building & Construction), & Region - Global Forecast to 2028", is growing at a high rate due to the increased demand from various industries. The global structural adhesive tapes market size was USD 10.3 billion in 2022 and is projected to reach USD 13.0 billion by 2028, at a CAGR of 4.1% between 2023 and 2028. Asia Pacific has been the most favorable destination for the manufacturers of structural adhesive tapes, even during the global economic slowdown. Environmental and health & safety regulations drive the use of structural adhesive tapes in the electrical & electronics, healthcare, automotive, and other industries in the region. ...... Read More |
September 22, 2023 |
Al Camera Industry worth $22.1 billion by 2028The report "Al Camera Market by Offering (Image Sensor, Al Processor, Memory), Technology (Deep Learning, Computer Vision, Language Processing), Product(Smartphone, DSLR, CCTV), Biometric (Image, Facial, Speech, OCR), Connectivity & Region - Global Forecast to 2028" The global AI camera market is expected to be valued at USD 7.6 billion in 2023 and is projected to reach USD 22.1 billion by 2028; it is expected to grow at a CAGR of 23.9% from 2023 to 2028. The convergence of AI technology, decreasing costs, and a wide range of practical applications have fueled the growth of the AI camera market. ...... Read More |
September 22, 2023 |
Radiation Shielding Material Market worth $980 million by 2028The report "Radiation Shielding Material Market by Type (Electromagnetic Radiation, Particle Radiation), Material (Lead Shielding, Lead Composite Shielding, Copper, Tungsten), Application (X-ray room, CT Scan Facility, MRI Room), Region - Global Forecast to 2028", is projected to reach USD 980 million by 2028 from USD 714 million in 2023, at a CAGR of 6.5% during the forecast period. Growth in the Medical Radiation Shielding market is mainly driven by the growing usage of nuclear medicine and radiation therapy for diagnosis and treatment and Increasing use of particle therapy for cancer treatment expected to offer growth opportunities for players operating in the Medical Radiation Shielding market during the forecast period. However, the Lack of adequate healthcare infrastructure, Dearth Of Skilled Oncologist/Radiologist and No mandate for using lead aprons during dental x-ray procedures in the US are restricting the growth of this market. ...... Read More |
September 21, 2023 |
MEA Cloud Computing Market worth $49.5 billion by 2028According to a research report "MEA Cloud Computing Market by Offering (Service Model (laaS, PaaS, and SaaS)), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Vertical (BFSI, Energy and Utilities, and Manufacturing) and Region - Global Forecast to 2028" published by MarketsandMarkets, the MEA Cloud Computing Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.6 % during the forecast period, to reach USD 49.5 billion by 2028 from USD 21.1 billion in 2023. ...... Read More |
September 21, 2023 |
Process Analyzer Market Industry worth $9.3 billion by 2028The report "Process Analyzer Market by Liquid Analyzer (MLSS, Total Organic Carbon, pH, Liquid Density, Conductivity, Dissolved Oxygen), Gas Analyzer (Oxygen, Carbon Dioxide, Moisture, Toxic Gas, Hydrogen Sulfide), Industry and Region - Global Forecast to 2028" The global Process Analyzer market is expected to grow from USD 7.8 billion in 2023 to USD 9.3 billion by 2028, registering a CAGR of 3.6%. The growth of the process analyzer market is propelled by rising demand for water and wastewater treatment, increasing use of process analyzers in drug safety, and fiscal policy measures by regional financial institutions to boost the process analyzer market. ...... Read More |
September 21, 2023 |
Membrane Filtration Market worth $9.9 billion by 2028According to a research report "Membrane Filtration Market by Application (Dairy Products, Drinks & Concentrates, Wine & Beer), Module Design (Spiral Wound, Tubular Systems, Plate & Frame and Hollow Fiber), Membrane Material, Type and Region - Global Forecast to 2028" published by MarketsandMarkets, the membrane filtration market is estimated at USD 7.0 billion in 2023 and is projected to reach USD 9.9 billion by 2028, at a CAGR of 7.2% from 2023 to 2028. Membrane technologies play a significant role in the purification and filtration of food & beverage products, dairy products, wineries, and breweries. Some of the prominent membrane filtration technologies, such as ultrafiltration, microfiltration, nanofiltration, and reverse osmosis, are already applied in the above-mentioned industries on a large scale. A few applications include desalination by reverse osmosis (RO), wastewater treatment by membrane reactors (MBR), and water sterilization through ultrafiltration (UF) for food & beverages. Moreover, membrane technologies effectively meet the sustainability criteria in terms of ease of use, energy consumption, environmental impact, land usage, flexibility, and adaptability, which fuels the demand for this technology. ...... Read More |
September 21, 2023 |
Innovation Management Market worth $2.1 billion by 2028According to a research report "Innovation Management Market by Offering (Solution and Services), Function (Product Development, Business Processes), Application (Design Platforms, Marketing Platforms), Vertical (Telecom, BFSI, Retail & eCommerce) and Region - Global Forecast to 2028" published by MarketsandMarkets, the global innovation management market size is projected to grow from USD 1.3 billion in 2023 to USD 2.1 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 10.8%. Expanding into new markets and reaching diverse customer bases requires continuous innovation. Innovation management tools help companies adapt their products and services to meet the unique needs of different markets. The imperative to expand into new markets and cater to diverse customer bases is a catalyst for continuous innovation. Innovation management tools play a pivotal role by enabling companies to tailor their offerings to address the distinct demands of various markets, thereby driving the demand for innovation management solutions in the market. ...... Read More |
September 20, 2023 |
Maritime Patrol Aircraft Industry worth $11.9 billion by 2028The report "Maritime Patrol Aircraft Market by Type (Armored, Unarmored), Propulsion System (Jet Engine, Electric Propulsion), Mode of Operation, Application, and Region (North America, Europe, Asia Pacific, Rest of the World )- Global Forecast to 2028" The MARITIME PATROL AIRCRAFT market is valued at USD 6.7 billion in 2023 and is projected to reach USD 11.9 billion by 2028, at a CAGR of 12.1% from 2023 to 2028. The maritime patrol aircraft market is a subset of the aircraft and technology industry that focuses on the development and deployment of maritime patrol aircraft. These aircraft play a crucial role in monitoring and safeguarding coastal waters and international waters. They are equipped with advanced sensors, including radar and sonar, to detect and track ships, submarines, and suspicious maritime activities, such as smuggling or illegal fishing. MPAs are essential for ensuring maritime safety, protecting coastal borders, and supporting search and rescue missions. They are also valuable for gathering intelligence and conducting anti-submarine warfare. ...... Read More |
September 20, 2023 |
Fault Detection and Classification (FDC) Industry worth $7.4 billion by 2028The report "Fault Detection and Classification (FDC) Market by offering type (Software, hardware, services), Application (Manufacturing, Packaging), end use (Automotive, Electronics & Semiconductor, Metal & Machinery) and Region - Global Forecast to 2028" The global fault detection and classification market was valued at USD 4.4 billion in 2022 and is projected to reach USD 7.4 billion by 2028; it is expected to register a CAGR of 8.9% between 2023 and 2028 The rise in demand for FDC systems is attributed to the increased complexity of systems, strong focus of manufacturers on automating quality control and quality assurance processes, and stringent health and safety measures imposed by governments and standards organizations on global manufacturing firms. ...... Read More |
September 20, 2023 |
Incontinence Care Products (ICP) Market worth $16.5 billion by 2028The report "Incontinence Care Products (ICP) Market by Product (Absorbents (Bed Protectors, Pads & Guards), Non-absorbents (Catheters, Drainage Bags)), Usage (Reusable, Disposable), Distribution Channel (E-commerce), End User (Hospitals) - Global Forecast to 2028", global incontinence care products market is projected to reach USD 16.5 billion by 2028 from USD 12.6 billion in 2023, at a CAGR of 5.6% during the forecast period. Growth in the incontinence care products market is mainly driven by the increasing geriatric population and subsequent rise in the prevalence of chronic medical conditions, significant prevalence of incontinence, growing attention to personal hygiene. Rapid urbanization and rising disposable income also contribute to the growth of the market. In addition, emerging markets such as India and China are expected to offer growth opportunities for players operating in the incontinence care products market during the forecast period. However, disparities in the reimbursement for incontinence care products is restricting the growth of this market. ...... Read More |
September 20, 2023 |
Chlorinated Polyvinyl Chloride Market worth $2.7 billion by 2028The report "Chlorinated Polyvinyl Chloride Market by Grade (Injection, Extrusion), Form (Pellet, Powder), Sales Channel (Direct Sales, Indirect Sales), Production Process, End-use Industry( Residential, Commercial, Industrial), & Region - Global Forecast to 2028", is estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.7 billion by 2028, at a CAGR of 11.1% from 2023 to 2028. Chlorinated polyvinyl chloride (CPVC) resin is a specialized thermoplastic material derived by modifying polyvinyl chloride through the chlorination process. This modification introduces chlorine atoms into the PVC polymer chain, enhancing properties that make CPVC suitable for various applications. CPVC exhibits superior heat resistance, chemical resistance, and flame-retardant characteristics compared to traditional PVC, making it a valuable material across industries. ...... Read More |
September 20, 2023 |
Antimicrobial Resistance Surveillance Market worth $7.7 billion by 2028The report "Antimicrobial Resistance Surveillance Market by Solution (Kits, System, Surveillance Software, Service), Application (Clinical Diagnostics, Public Health Surveillance), End User (Hospitals, Clinics, Academic, Research Institutes) - Global Forecast to 2028", is projected to reach USD 7.7 billion by 2028 from USD 5.9 billion in 2023, at a CAGR of 5.6% during the forecast period. Growth in this market is majorly driven by growing prevalence of infections caused by drug-resistance pathogens, innovations in diagnostic technologies, and growing government initiatives to combat antimicrobial-resistance species. ...... Read More |
September 19, 2023 |
B2B Digital Payment Market worth $8.2 billion by 2028According to a research report "B2B Digital Payment Market by Offering (Solutions, Services), Payment Method (Credit Cards/Debit Cards/Virtual Cards, Digital Wallet), Transaction Type (Domestic, Cross-Border), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the B2B digital payment market size is projected to grow from USD 4.2 billion in 2023 to USD 8.2 billion by 2028, at a CAGR of 14.3% during the forecast period, according to MarketsandMarkets. The growth of the fintech sector has introduced innovative payment solutions, such as digital wallets, blockchain-based payments, and peer-to-peer platforms. These innovations have contributed to the diversification of B2B digital payment options. ...... Read More |
September 19, 2023 |
Kaolin Market worth $6.1 billion by 2028The report "Kaolin Market by Process (Water-Washed, Airfloat, Calcined, Delaminated, and Surface-Modified & Unprocessed), End-Use Industry (Paper, Ceramic & Sanitarywares, Fiberglass, Paints & Coatings, Rubber, Plastics), and Region - Global Forecast to 2028", is estimated at USD 4.6 billion in 2022 and is projected to reach USD 6.1 billion by 2028, at a CAGR of 4.8% from 2023 to 2028. The expansion of this market can be ascribed to the rising demand stemming from various end-use sectors such as paper, ceramics & sanitary wares, fiberglass, paints & coatings, rubber, and plastics industries. Additionally, there is a growing appetite for kaolin in the cosmetics and pharmaceutical sectors, which is serving as a driving force for the global growth of kaolin. ...... Read More |
September 19, 2023 |
Industrial Cybersecurity Industry worth $24.4 billion by 2028The report "Industrial Cybersecurity Market by Security Type (Network, Endpoint, Application, Cloud, Wireless), Offering (Products and Solutions & Services), End-user (Power, Utilities, Chemicals & Manufacturing), Deployment Type and Region - Global Forecast to 2028" The Industrial Cybersecurity Market size was valued at USD 16.3 billion in 2022 and was expected to reach USD 24.4 billion by 2028; it is expected to grow at a CAGR of 7.7% from 2023 to 2028. The major factors driving the growth of industrial cybersecurity market are increasing focus on integrating into industrial control systems. ...... Read More |
September 18, 2023 |
Diagnostic Imaging Market worth $34.6 billion by 2028The report "Diagnostic Imaging Market by Product (MRI (Open, Closed), Ultrasound (2D, 4D, Doppler), X-Ray (Digital, Analog), CT, SPECT, Hybrid PET, Mammography), Application(Ob/GYN, CVDs, Brain, Cancer), Enduser (Hospitals, Clinics), & Region Global Forecasts to 2028", is projected to reach USD 34.6 billion by 2028 from USD 26.5 billion in 2023, at a CAGR of 5.5% from 2023 to 2028. The major factors driving the growth of this market include the launch of technologically advanced products by the key players and increasing prevalence of chronic diseases. ...... Read More |
September 18, 2023 |
Managed Services Market worth $372.6 billion by 2028According to a research report "Managed Services Market by Service Type (Managed Security Service, Managed Network Service, and Managed IT Infrastructure and Data Center Service), Deployment Type (On-premises and Cloud) Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the managed services market size is expected to grow from USD 275.5 billion in 2023 to USD 372.6 billion by 2028 at a compound annual growth rate (CAGR) of 6.2% during the forecast period. Managed service providers (MSPs) actively monitor the client’s systems and infrastructure. Leveraging advanced monitoring tools and technologies can identify and address potential issues before they escalate into major problems, minimizing downtime and disruption. One of the significant advantages of managed services is the round-the-clock support that MSPs offer. MSP ensures that critical issues can be addressed promptly, even outside regular business hours, thus improving service reliability and customer satisfaction. Managed services are designed to be scalable, allowing businesses to adjust the scope and scale of services as their needs evolve. This scalability ensures that the organization can adapt to changes in demand, technology, and market conditions without over-committing resources. ...... Read More |
September 18, 2023 |
Automotive Shredded Residue (ASR) Market worth $1.6 billion by 2028The report "Automotive Shredded Residue (ASR) Market by Application (Landfill, Energy recovery, Recycling), Composition, Technology ( Air classification, Optical sorting, Magnetic separation, Eddy current separation, Screening) and Region - Global Forecast to 2028", is projected to reach USD 1.6 billion by 2028, at a CAGR of 6.6% from USD 1.1 billion in 2023. ...... Read More |
September 18, 2023 |
EV Charging Cable Market worth $3.9 billion by 2030According to a research report "EV Charging Cable Market by Power Supply (AC and DC), Application (Private Charging & Public Charging), Length (2-5 Meters, 6-10 Meters, and >10 Meters), Shape, Mode, Charging Level, Connector Type, Cable Type Diameter & Region - Global Forecast to 2030" published by MarketsandMarkets, the global EV charging cable market is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. ...... Read More |
September 18, 2023 |
AML Market worth $6.8 billion by 2028According to a research report "AML Market by Offering (Solutions (KYC/CDD & Sanctions Screening, Transaction Monitoring, Case Management & Reporting), Services), Deployment Mode, Organization Size, End User (Banks & Financial Institutes, Insurance) and Region - Global Forecast to 2028" published by MarketsandMarkets, the global AML market size is projected to grow from USD 3.1 billion in 2023 to USD 6.8 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 17.0% during the forecast period. Growth in focus on digital payments and Internet banking drives the growth of the AML market. Moreover, a lack of skilled AML professionals with in-depth knowledge may hinder market growth. ...... Read More |
September 15, 2023 |
RNA Therapeutics Market worth $18.0 billion by 2028The report "RNA Therapeutics Market by Product (Vaccines, Drugs), Type (mRNA Therapeutics, RNA Interference, Antisense Oligonucleotides), Indication (Infectious Diseases, Rare Genetic Diseases), End User (Hospitals & Clinics) - Global Forecast to 2028", is projected to grow from USD 13.7 billion in 2023 to USD 18.0 billion by 2028 at a CAGR of 5.6%. ...... Read More |
September 15, 2023 |
Aramid Fiber Market worth $7.6 billion by 2028The report "Aramid Fiber Market by Type (Para-Aramid Fiber, Meta-Aramid Fiber), Application (Security & Protection, Frictional Materials, Industrial Filtration, Optical Fibers, Rubber Reinforcement, Tire Reinforcement), Region - Global Forecast to 2028", size was USD 4.7 billion in 2023 to USD 7.6 billion by 2028, at a CAGR of 9.9% from 2023 to 2028. ...... Read More |
September 15, 2023 |
Broadcast Equipment Industry worth $6.7 billion by 2028The report "Broadcast Equipment Market by Type (Dish Antennas, Amplifiers, Encoders, Video Servers, Transmitters, Modulators, Power Control Systems), Technology (Analog & Digital), Radio Modulation (Amplitude & Frequency) & Region - Global Forecast to 2028" The global broadcast equipment market is expected to be valued at USD 5.2 billion in 2023 and is projected to reach USD 6.7 billion by 2028; it is expected to grow at a CAGR of 5.3% from 2023 to 2028. The growth of the broadcast equipment market is propelled by increasing use of digital broadcasting, and adoption of advanced technologies. However, higher cases of cyber attacks are restraining the growth of the market. ...... Read More |
September 15, 2023 |
Weather Forecasting Services Industry worth $2.8 billion by 2028The report "Weather Forecasting Services Market by Industry (Insurance Aviation, Others), Forecasting Type (Nowcast, Short, Medium, Extended, Long) Purpose (Safety, Operational Efficiency), Organization (Large, Small-Sized Enterprises) and Global Forecast to 2028" The Weather Forecasting Services market is estimated at USD 1.9 billion in 2023 and is projected to reach USD 2.8 billion by 2028, at a CAGR of 8.2% from 2023 to 2028. The growth can be attributed to the increasing need for weather forecasting data for safety and enhancement for all type of industries. ...... Read More |
September 15, 2023 |
Rocket and Missile Industry worth $77.4 billion by 2028The report "Rocket and Missile Market by Product (Missiles, Rockets & Torpedoes), Speed (Subsonic, Supersonic, Hypersonic), Propulsion Type (Solid, Liquid, Hybrid Propulsion, Ramjet, Turbojet and Scramjet), Launch Mode, Guidance Mechanism & Region - Forecast to 2028" The rocket and missile market size is projected to grow from USD 57.7 billion in 2023 to USD 77.4 billion by 2028, at a CAGR of 6.1% from 2023 to 2028. The demand for advanced weapons is majorly increased due to the increasing insurgency threats that have brought attention to the necessity for stand-off surgical strikes and precision attacks. Therefore, to the need of minimising collateral damage and arming soldiers with cutting-edge weapons, the market for rockets and missiles has expanded. ...... Read More |
September 14, 2023 |
Facility Management Market worth $94.8 billion by 2028According to a research report "Facility Management Market by Offering (Solutions (IWMS, BIM, Facility Operations & Security Management) and Services), Vertical (BFSI, Retail, Construction & Real Estate, Healthcare & Life sciences) and Region - Global Forecast to 2028" published by MarketsandMarkets, the facility management market is estimated at USD 49.6 billion in 2023 to USD 94.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.8%. Organizations across various industries are increasingly adopting facility management solutions as they play pivotal role in optimizing operations, streamlining processes, and ultimately reducing costs. By implementing strategic facility management practices, businesses are achieving a range of operational benefits which is boosting the market. ...... Read More |
September 14, 2023 |
Commercial Refrigeration Market worth $62.7 billion by 2028The report "Commercial Refrigeration Market by Product Type, Refrigerant Type, Application (Food Service, Food & Beverage Production, Food & Beverage Retail), End Use (Supermarkets & Hypermarkets, Hotels & Restaurants, Bakeries), & Region - Global Forecast to 2028", is projected to grow from USD 45.6 billion in 2023 to USD 62.7 billion by 2028, at a CAGR of 5.8%. The expansion of retail chains, supermarkets, and convenience stores on a global scale drive the demand for commercial refrigeration systems. The requirement of a reliable and efficient refrigeration infrastructure to preserve perishable goods and meet customer demands is expected to boost the market growth. ...... Read More |
September 14, 2023 |
Software-defined Vehicle Industry worth $419.7 billion by 2028The report "Software-defined Vehicle Market by Offering (Hardware, Software, Services), Vehicle Type (ICE, BEV, HEV/PHEV), Vehicle Autonomy (Level 0, Level 1, Level 2, Level 3, Level 4, Level 5), Application and Region - Global Forecast to 2028" The software-defined vehicle market is projected to grow from USD 270.9 billion in 2023 to USD 419.7 billion by 2028, registering a CAGR of 9.1% during the forecast period. The market growth is attributed to the continued development of connected vehicles and the introduction of 5G cellular connectivity projects. Furthermore, the emergence of ride-hailing and mobility-as-a-service platforms is expected to create lucrative opportunities for the market. ...... Read More |
September 14, 2023 |
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