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Offshore Support Vessel Market worth $36.3 billion by 2029

According to a research report "Offshore Support Vessel Market by Technology (AHTS, PSV, MPSV, Standby & Rescue Vessels, Crew Vessels, Chase Vessels, Seismic Vessels), Application (Shallow water, Deepwater), End-user Industry, Material, Fuel Type and Region - Global Forecast to 2029" published by MarketsandMarkets, the global Offshore Support Vessel Market is projected to reach USD 36.3 billion by 2029 from an estimated USD 25.6 million in 2024, at a CAGR of 7.2% during the forecast period.  The global offshore support vessel market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government policies and incentives and technological advancements among others. The rising global demand for energy, particularly from developing countries, pushes the need for increased offshore exploration and production, subsequently driving the OSV market.

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June 25, 2024

Adhesive Tapes Market worth $107.1 billion by 2029

The report "Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Hot-Melt, Water-Based), Backing Material (PP, Paper, PVC), End-use Industry (Packaging, Healthcare, Electric & Electronics, Automotive) Region - Global Forecast to 2029", is projected to reach a market size of USD 107.1 billion by 2029 from USD 85.1 billion in 2024, at a CAGR of 4.7%. Asia pacific is the one of the largest markets for adhesive tapes. the demand for adhesive tapes is experiencing significant growth across various industries, including automotive, packaging, construction, electronics, healthcare, and more. Emerging nations such as China, India, Brazil, and Mexico are expected to play a crucial role in driving the global adhesive tapes market forward.

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June 25, 2024

Grease Market worth $7.4 billion by 2029

The report "Grease Market by Base Oil (Mineral, Synthetic, Bio-based), Thickener Type (Metallic Soap, Non-soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Agriculture, Mining, Power Generation) - Global Forecast to 2029", size is estimated to be USD 6.2 billion in 2024 and is projected to reach USD 7.4 billion by 2029, at a CAGR of 4.2%, between 2024 and 2029.

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June 25, 2024

ModelOps Market worth $29.5 billion by 2029

According to a research report "ModelOps Market Size, Share, Growth Analysis, By Offering (Platforms & Services), Application (CI/CD, Monitoring & Alerting), Model Type (ML Model, Graph Model, Agent-based Model), Vertical and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the market for modelOps is estimated to grow from USD 5.4 billion in 2024 to USD 29.5 billion in 2029, at a CAGR of 40.2% during the forecast period. ModelOps is revolutionizing the market by optimizing machine learning models' deployment, management, and governance. It accelerates time-to-market, enhances scalability across diverse environments, ensures compliance and transparency through standardized practices, fosters collaboration among teams, enables continuous monitoring for performance and security, reduces costs, manages risks effectively, and supports agile adaptation to evolving business needs. This holistic approach transforms organizations' operationalization of AI, making their data science initiatives more efficient, reliable, and impactful.

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June 25, 2024

Industrial Software Industry worth $46.6 billion by 2029

The report "Industrial Software Market by Type (Manufacturing Execution System, SCADA, Human Machine Interface, Robotic Software, Fault Detection and Classification, Al in manufacturing, Industrial Metrology), End-use (Process, Discrete) - Global Forecast to 2029" The global industrial software market is expected to be valued at USD 21.5 billion in 2024 and is projected to reach USD 46.6 billion by 2029; it is expected to grow at a CAGR of 16.7 % from 2024 to 2029. The industrial software market is propelled by several key factors driving smart manufacturing and intelligent factory initiatives globally. Adopting Industry 4.0 technologies such as IoT, AI, big data analytics, and cloud computing is pivotal in enhancing operational efficiency and agility. Industrial software solutions like MES, SCADA, and HMI systems optimize production processes by providing real-time monitoring, resource management, and workflow automation, reducing downtime and improving productivity.

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June 25, 2024

Vitamin K2 Industry worth $265 million by 2029

According to a research report "Vitamin K2 Market by Product Type (MK-4, MK-7), Source (Natural, Synthetic), Form (Capsules & Tablets, Powder & Crystalline, Oils & Liquid), Application (Pharmaceutical, Functional Food & Beverages, Health Supplements), Function - Global Forecast to 2029" published by MarketsandMarkets, the global vitamin K2 market, estimated to be  USD 140 million in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 265 million by 2029, indicating a robust compound annual growth rate (CAGR) of 13.7% during the forecast period.

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June 24, 2024

Drip Irrigation Market worth $8.6 billion by 2029

According to a research report "Drip Irrigation Market Report by Component (Emitters/Drippers, Drip Tubes/Drip Mainlines, Filters & Fertilizer Injectors, Fittings & Accessories, Pressure Pumps And Valves), Crop Type, Application, Emitter/Dripper Type, & Region - Global Forecast to 2029" published by MarketsandMarkets, the global drip irrigation market is estimated at USD 5.6 billion in 2024 and is projected to reach USD 8.6 billion by 2029, at a CAGR of 9.0% during the forecast period. The need for drip irrigation is driven by increasing global demand for food security, water scarcity concerns, and the imperative to enhance agricultural productivity sustainably. Drip irrigation addresses these needs by efficiently delivering water and nutrients directly to plant roots, minimizing wastage, and optimizing crop yields. Factors driving the drip irrigation market include advancements in technology such as AI and IoT integration, government incentives promoting water-efficient practices, expansion of commercial farming, and the rising adoption of precision agriculture techniques. These factors collectively propel the growth of drip irrigation systems, meeting the challenges of modern agriculture while ensuring environmental sustainability.

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June 24, 2024

Industrial IoT Industry worth $286.3 billion by 2029

The report "Industrial IoT Market by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region - Global Forecast to 2029" The industrial IoT market is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Increasing adoption of IPv6, growing adoption of cloud platforms, increased IoT-related government initiatives and R&D activities worldwide, rise in demand for automation in industries, and global rise in internet penetration.

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June 24, 2024

Transportation Management System Market worth $40.3 billion by 2029

According to a research report "Transportation Management System Market by Offering (Solutions (Planning & Execution, Order Management, Analytics & Reporting, Routing & Tracking), and Services), Transportation Mode, End User, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the transportation management system market is expected to reach USD 40.3 billion by 2029 from USD 16.0 billion in 2024, at a CAGR of 20.2 % during 2024–2029

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June 24, 2024

Polyoxymethylene Market worth $4.4 billion by 2029

The report "Polyoxymethylene Market by Type (Homopolymer, Copolymer), Processing Techniques (Injection molding, Extrusion, Compression molding), Grade, End-use Industries, and Region (North America, Europe, APAC, MEA, & South America) - Global Forecast to 2029", is estimated to be USD 3.5 billion in 2024 and is projected to reach USD 4.4 billion by 2029 at a CAGR of 4.5%. The growth of polyoxymethylene is primarily driven by the increasing demand from the transportation industry. Stringent emissions norms and the growing electronics industry also help propel the demand for polyoxymethylene. Volatile raw material prices become the major restraining factor for the market. Rising demand from the healthcare sector provides opportunities for polyoxymethylene manufacturers. However, the slow rate of crystallization of polyoxymethylene emerges as a challenge for the polyoxymethylene market.

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June 24, 2024

Flow Meter Market worth $12.6 billion by 2029

The report "Flow Meter Market by Type (Differential Pressure, Positive Displacement, Magnetic (In-line, Insertion, Low Flow), Ultrasonic (Spool piece, Clamp-on, Insertion), Coriolis, Turbine, Vortex), End-use Industry, and Region - Global Forecast to 2029", is projected to reach USD 12.6 billion by 2029, at a CAGR of 6.7% from USD 9.1 billion in 2024.

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June 21, 2024

Agricultural Films Market worth $19.5 billion by 2029

The report "Agricultural Films Market by Type (LDPE, LLDPE, EVA, Reclaim, HDPE), Application (Greenhouse Film (Classic Greenhouse, Low Tunnel), Mulch Film (Black Mulches, Transparent Mulches), Silage Film (Silage Stretch Wrap, Silage Bag) - Global Forecast to 2029", size was USD 13.8 billion in 2024 and is projected to reach USD 19.5 billion by 2029, at a CAGR of 7.1%, between 2024 and 2029.

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June 21, 2024

Empty Capsules Market worth $4.2 billion by 2029

The report "Empty Capsules Market by Type (Gelatin (Porcine, Bovine, Bonemeal), Non-gelatin (HPMC, Starch)), Functionality (Immediate-release, Sustained-Release, Delayed-release),Therapeutic Application (Antibiotic, Dietary, Antacid, CVD) - Global Forecast to 2029", is projected to reach USD 4.2 billion by 2029 from an estimated USD 3.1 billion in 2024, at a CAGR of 6.3% during the forecast period. Expansion of the Over-the-counter medications, increasing demand for nutraceuticals, and benefits of capsules over other dosage forms are the major driving factors of the empty capsules market. However, issues related to the safety and side effects of gelatin capsules and cultural practices and dietary restrictions are the major restraining factors of the empty capsules market.

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June 21, 2024

No-code AI Platforms Industry worth $24.8 billion by 2029

According to a research report "No-Code AI Platforms Market Size, Share, Growth Analysis, by Offering (Solutions, Services), Technology, Data Modality, Application (Workflow Automation, Platform Building, Predictive Lead Scoring), Vertical, and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the no-code AI platforms market is expected to grow from USD 4.9 billion in 2024 to USD 24.8 billion in 2029, at a CAGR of 38.2%  during the forecast period. No-code AI platforms revolutionize AI adoption by enabling businesses without specialized skills to implement projects quickly and affordably. It offers accessibility, speed, and cost-effectiveness, empowering users to deploy predictive analytics, image and speech recognition, chatbots, fraud detection, and supply chain optimization solutions. However, successful deployment requires careful planning to ensure accuracy, reliability, and security. Integration with existing systems can be complex, and users still need basic AI understanding. Despite challenges, these platforms foster innovation by facilitating rapid prototyping and iteration. Overall, the no-code AI platforms democratize AI capabilities across industries, making sophisticated technologies accessible and manageable for organizations of all sizes.

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June 21, 2024

5G Services Industry worth $427.7 billion by 2028

According to a research report "5G Services Market Size, Share, Growth Analysis, by Communication Type, End User (Consumers and Enterprises), Application (Industry 4.0, Smart Cities), Enterprises (Manufacturing, Transportation & Logistics), and Region - Global Industry Forecast to 2028" published by MarketsandMarkets, the 5G Services market is estimated at USD 98.3 billion in 2023 to USD 427.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 34.2%. The innovative concept of network slicing in 5G represents a transformative leap in network customization, offering virtual, dedicated slices tailored to the unique requirements of specific applications or services. This capability is a pivotal driver for the diverse range of use cases enabled by 5G technology. For massive IoT deployments, network slicing allows the creation of dedicated slices optimized for handling many connected devices with varying communication needs. Simultaneously, in ultra-reliable low-latency communication (URLLC) scenarios, such as mission-critical applications in healthcare or industrial automation, dedicated slices ensure the stringent demands for real-time responsiveness and reliability are met. Network slicing thus becomes a crucial proponent in the adaptability of 5G, fostering a flexible and efficient network infrastructure that can accommodate the varied and evolving demands of a multitude of applications and industries.

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June 20, 2024

Transportation Composites Market worth $81.4 billion by 2029

The report "Transportation Composites Market by Resin (Thermoplastic and Thermoset), Manufacturing Process, Fiber, Application (Interior, Exterior), Transportation Type (Airways, Roadways, Railways, Waterways), and Region - Global Forecast to 2029", is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.7% from 2024 to 2029, with a projected value of USD 81.4 billion by 2029, up from USD 44.7 billion in 2024. Transportation composites are likely to see an increase in demand as a result of the automotive and aerospace sectors' strong focus on vehicle weight reduction for improved performance and fuel efficiency. An lightweight substitute for conventional materials like steel and aluminum is provided by composites.

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June 20, 2024

Automotive Camera Market worth $16.0 billion by 2030

According to a research report "Automotive Camera Market by Technology (Digital, Infrared, Thermal), ICE and EV Application (ACC, BSD, AFL, IPA, DMS, NVS, & PA), Vehicle Type (PC, LCV, HCV), View (Front, Rear, Surround), EV Type, Level of Autonomy & Region - Global Forecast to 2030" published by MarketsandMarkets, the global automotive camera market size is projected to grow from USD 8.3 Billion in 2024 to USD 16.0 Billion by 2030, at a CAGR of 11.5%. Government regulations regarding vehicle occupants and pedestrian safety is driving the growth of the automotive camera market on a global scale. Initiatives aimed at enhancing road safety, reducing traffic congestion, and supporting autonomous vehicle technology require sophisticated camera systems for accurate detection and monitoring. As regions prioritize the development of autonomous vehicles to improve urban mobility and safety, the demand for automotive cameras, including rearview, surround-view, and driver monitoring cameras, is steadily increasing.

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June 20, 2024

Minimally Invasive Surgical Instruments Market worth $49.9 billion by 2029

The report "Minimally Invasive Surgical Instruments Market by Product (Handheld, Inflation Devices, Surgical Scopes), Type of Surgery (Cardiothoracic, Gastrointestional, Bariatric, Orthopedic, Urological), Technology (Non-robotic, Robotic) - Global Forecast to 2029", is projected to reach USD 49.9 billion by 2029 from USD 31.7 billion in 2024, at a CAGR of 9.5% during the forecast period.

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June 20, 2024

Smart Grid Market worth $185.0 billion by 2029

According to a research report "Smart Grid Market by Component (Software, Hardware, Services), Application (Generation, Transmission, Distribution, Consumption), Communication Technology (Wireline, Wireless), & Region(North America, Europe, APAC, ROW) - Global Forecast to 2029" published by MarketsandMarkets, the global Smart Grid Market is projected to reach USD 185.0 billion by 2029 from an estimated USD 71.8 billion in 2024, at a CAGR of 20.8% during the forecast period.

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June 20, 2024

Membranes Market worth $11.1 billion by 2029

The report "Membranes Market by Material (Polymeric, Ceramic), Technology (Reverse Osmosis (Ro), Ultrafiltration (Uf), Microfiltration (Mf), Nanofiltration (Nf)), Application (Water & Wastewater Treatment, Industrial Processing), Region - Global Forecast to 2029", is projected to reach USD 11.1 billion by 2029, at a CAGR of 8.6% from USD 7.4 billion in 2024.

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June 19, 2024

Ring Main Unit Market worth $3.4 billion by 2029

According to a research report "Ring Main Unit Market by Insulation Type (Gas-insulated, Air-insulated, Oil-insulated, Solid Dielectric), Voltage Rating (Up to 15 kV, 16-25 kV, Above 25 kV), Installation (Indoor, Outdoor), Structure, Application, Region - Global Forecast to 2029" published by MarketsandMarkets, The market for ring main units is anticipated to grow significantly; estimates place it at USD 2.5 billion in 2024 and predict it will reach USD 3.4 billion by 2029, a Compound Annual Growth Rate (CAGR) of 5.7%. The growth of the market can be primarily attributed to the expanding capacity of renewable energy sources and the ongoing efforts to enhance distribution networks, coupled with the modernization initiatives aimed at upgrading existing power infrastructure. As countries worldwide intensify their focus on sustainable energy solutions, there is a notable surge in the installation of renewable energy capacity, such as solar and wind power. This trend necessitates the integration of advanced technologies like ring main units (RMUs) to facilitate the seamless integration of renewable energy into the grid. Furthermore, the increasing complexity of distribution networks and the aging of existing power infrastructure prompt utilities to invest in modernization projects. These initiatives involve the deployment of state-of-the-art equipment like RMUs, which offer enhanced reliability, efficiency, and flexibility in managing electricity distribution.

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June 19, 2024

Smart Grid Analytics Industry worth $14.3 billion by 2029

According to a research report "Smart Grid Analytics Market Size, Share, Growth Analysis, by Offering (Meter analytics, Reliability Analytics, Services), Application (AMI, Load Forecasting, Demand Response, Grid Optimization), Analytics Type and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the market for smart grid analytics is anticipated to experience substantial expansion, ascending from a value of USD 7.9 billion in 2024 to a substantial worth of USD 14.3 billion by the year 2029. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 12.4% over the forecast period. The surge in the smart grid analytics market is poised to be driven by a confluence of influential factors within the business landscape. Notably, accelerated installation of smart metering technology, coupled with the expanding presence of aging transmission and distribution networks, stands out as significant contributors to this trend. Additionally, the growing focus on reducing energy consumption and carbon footprint are playing a crucial role in propelling the upward trajectory of this market.

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June 19, 2024

Genotyping Assay Market worth $37.1 billion by 2029

The report "Genotyping Assay Market by Product & Services (Kits, Instruments,Bioinformatics), Technology (PCR, Sequencing, Microarray), Application (Pharmacogenomics, Animal Genetics), End User (PharmaBiotech Companies, Diagnostic Labs) - Global Forecast to 2029", is projected to reach USD 37.1 billion by 2029 from USD 19.4 billion in 2024, at a CAGR of 13.8% during the forecast period.

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June 19, 2024

Milled Carbon Fiber Market worth $302 million by 2029

The report "Milled Carbon Fiber Market by Fiber Type (Virgin, Recycled), Application (Reinforcements, Coatings & Adhesives), End-Use Industry (Automotive, Electrical & Electronics, Sporting Goods, Aerospace & Defense) & Region - Forecast to 2029", is estimated at USD 182 million in 2024 and is projected to reach USD 302 million by 2029, at a CAGR of 10.8% from 2024 to 2029. The growth of the milled carbon fiber market is propelled by a range of factors, including the performance via superior strength-to-weight ratios, and decreased maintenance needs due to resistance to environmental degradation. Regulatory pressures for lower emissions and advancements in material science and manufacturing technology further drive the adoption of milled carbon fiber composites.

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June 19, 2024

Synthetic Yarn Market worth $300.5 billion by 2029

The report "Synthetic Yarn Market by Yarn type (Filament Yarn and Spun Yarn), Fiber Type (Polyester, Nylon, Rayon, Acrylic), End-Use Industries (Apparels & home furnishings, Aerospace, Automotive & transportation, Industrial), and Region - Global Forecast to 2029", is estimated at USD 234.1 billion in 2024 and is projected to reach USD 300.5 billion by 2029, at a CAGR of 5.1% from 2024 to 2029. Synthetic yarns are made of different synthetic fibers such as polyester, nylon, rayon/viscose, acrylic and others. These fibers are created using various chemical compounds. Due to their high strength and excellent durability, synthetic yarns are widely accepted across end-use industries. Synthetic yarns are available in wide variety of colours, styles and textures and is widely used in textiles industry for clothing. The synthetic yarns are of two types- Filament yarn and Spun yarn.

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June 18, 2024

Electric Scooter Market worth $12.4 billion by 2030

According to a research report "Electric Scooter Market by Vehicle (E-Scooter/Moped, E-Motorcycle), Voltage (36V, 48V, 60V, 72V, Above 72V), Motor Type (Hub and Mid-drive), Battery (Li-ion and lead acid), Motor Power, Technology, Vehicle Class, Usage & Region - Global Forecast to 2030" published by MarketsandMarkets, the global Electric Scooter market is projected to grow from USD 4.3 billion in 2024 to USD 12.4 billion by 2030, registering a CAGR of 18.9%.

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June 18, 2024

Water-based Resins Market worth $73.7 billion by 2029

The report "Water-based Resins Market by Type (Acrylic, Epoxy, Alkyd, Polyurethane, Vinyl, Polyester), Application (Paints & Coatings, Adhesives & Sealants, Inks), and Region (Asia Pacific, North America, Europe, MEA and South America) - Global Forecast to 2029", size is projected to grow from USD   56.5  billion in 2024 and is projected to reach USD  73.7 Billion by 2029, at a CAGR of 5.5%. The growth of the water-based resins market is primarily driven by rising demand from the paints and coatings, as well as adhesives and sealants sectors. This surge in demand can be attributed to stringent regulations imposed by various governments on the permissible levels of volatile organic compounds (VOCs). These regulations have led to a significant decrease in the use of solvent-based technology, while encouraging the adoption of water-based alternatives. As a result, manufacturers are increasingly turning towards water-based resins to comply with these regulations and meet the growing demand for environmentally-friendly products.

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June 18, 2024

Healthcare BPO Market worth $626.6 billion by 2029

The report "Healthcare BPO Market by Outsourcing Models, Provider (Patient Care, RCM), Payer (Claims Management, Billing & Accounts), Life Science (R&D, Manufacturing, Sales & Marketing (Analytics, Research)), & Region (Source, Destination) - Global Forecast to 2029", is valued at an estimated 395.3 billion in 2024 and is projected to reach USD 626.6 billion by 2029, at a CAGR of 9.7% during the forecast period.

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June 18, 2024

Diesel Power Engine Market worth $25.2 billion by 2029

According to a research report "Diesel Power Engine Market by Operation (Standby, Prime, Peak Shaving), Power Rating (Below 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW), End User (Power Utilities, Industrial, Commercial, and Residential), Speed, & Region - Global Forecast to 2029" published by MarketsandMarkets, the market size for diesel power engine is projected to reach approximately USD 25.2 billion by the year 2029, as compared to the estimated value of USD 20.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period. The global diesel power engine market is driven by a confluence of factors that influence demand and shape its future trajectory. Rapid economic growth in regions like Asia Pacific, Africa, and South America fuels the need for reliable power sources. Diesel engines play a crucial role, particularly in areas with limited grid infrastructure or frequent outages. They provide primary or backup power for businesses, industries, and communities, enabling uninterrupted operations and fostering economic development. As economies expand, industrial activity and urbanization accelerate. These sectors heavily rely on diesel engines for power generation, both for primary use and backup during grid disruptions. Reliable power ensures smooth operation of factories, construction sites, and commercial facilities. Governments worldwide are implementing stricter emission regulations to combat air pollution. This drives advancements in cleaner burning diesel engine technologies.

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June 18, 2024

Membrane Chromatography Market worth $637 million by 2029

The report "Membrane Chromatography Market by Product (Cartridges, Capsules, Cassettes, Syringe Filters, Spin Column), Technique (Ion Exchange, Affinity), Operation Mode (Flow Through, Bind Elute), Material (PES, Cellulose, Hydrogel) - Global Forecast to 2029", is projected to reach USD 637 million by 2029 from an estimated USD 321 million in 2024, at a CAGR of 14.7% from 2024 to 2029. Factors contributing to the growth of the global market include increasing R&D investments and funding in the biopharmaceutical industry, a growing development of biopharmaceuticals, and an increasing number of strategic alliances in the bioprocessing industry. However, limited use of membrane chromatography products for large-scale manufacturing is expected to hinder market growth.

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June 17, 2024

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