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Topical Drug Delivery Market worth $317.8 billion by 2027

The report "Topical Drug Delivery Market by Type (Semi-solids (Creams, Gels, Lotions), Solids(Suppositories), Liquids(Solutions), Transdermal products), Route(Dermal, Ophthalmic), Facility of Use (Homecare setting, Hospitals, Burn Centres) - Global Forecast to 2027" The global topical drug delivery market is projected to reach USD 317.8 billion by 2027 from USD 207.4 billion in 2022, at a CAGR of 8.9%. The high prevalence of skin diseases, increasing geriatric population, and increase in self medications as a popular practice in dermatology are some of the key factors driving the market for topical drug delivery.

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May 26, 2022

Automotive Ambient Lighting Market worth $6.2 billion by 2027

The report "Automotive Ambient Lighting Market by IC & Electric Vehicle (BEV, FCEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Passenger Car (C, D, E & F), Aftermarket (Country & Application (Interior & Exterior)) - Global Forecast to 2027" The automotive ambient lighting market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The automotive ambient lighting market is mainly driven by increasing demand of premium vehicles, increasing adoption of LED based lighting in C&D segment cars owing to consumer inclination towards more personalized and dictinct feature in their cars. Further, increasing urbanization and per capita income especially in developing countries have spurred the change in preferences, which may lead to growth of automotive ambient lighting market in the future.

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May 26, 2022

Data Monetization Market worth $7.3 billion by 2027

According to a research report "Data Monetization Market with Covid-19 Impact Analysis, by Component (Tools and Services), Data Type (Customer Data, Financial Data), Business Function, Deployment Type, Organization Size, Industry Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the data monetization market size is expected to grow from USD 2.9 billion in 2022 to USD 7.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period. The increase in use of external data sources and growth in the adoption of data-driven decision-making are a few factors driving the growth of the data monetization market.

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May 26, 2022

Glycolic Acid Market worth $450 million by 2027

The report "Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027" size is estimated at USD 327 million in 2022 and is projected to reach USD 450 million by 2027, at a CAGR of 6.6%, between 2022 and 2027. Growth in the glycolic acid market can primarily be attributed to the growing demand for glycolic acid in the cosmetic industry and personal care products, specifically as a preferred ingredient in anti-aging, anti-pollution, and over-the-counter skin care products. The demand for glycolic acid in anti-aging products is mainly expected to increase in developed countries, owing to the rising aging population; this trend is also expected in developing regions.

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May 26, 2022

Operating Room/OR Integration Market worth $3.3 billion by 2027

The report "Operating Room/OR Integration Market by Component (Hardware, Software, Service), Application (General, Orthopedic, & Cardiovascular Surgery), Device (Audio & Video Management, Display, Document Management), End User (Hospital, ASC) - Global Forecast to 2027" The global operating room integration market is projected to reach USD USD 3.3 billion by 2027 from an estimated USD 1.9 billion in 2022, at a CAGR of 12.1% during the forecast period. Growth in this market is driven by the growing demand for technologically advanced solutions, the growing number of surgical procedures, rising funding initiatives for improving HCIT infrastructure, and increasing emphasis on cost control and efficiency improvement in hospitals. However, the high setup and operational costs, interoperability issues, and shortage of skilled surgeons in OR integration are expected to restrain market growth to a certain extent.

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May 25, 2022

Desktop Virtualization Market worth $20.1 billion by 2027

The report "Desktop Virtualization Market by Type (Virtual Desktop Infrastructure, Desktop-as-a-Service, Remote Desktop Services), Organization Size, Vertical (Telecom, IT & ITeS, BFSI, Education, Healthcare & Lifesciences) and Region - Global Forecast to 2027", size is expected to grow from USD  12.3 billion in 2022 to USD 20.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period. Desktop virtualization solutions provides a consistent and secure means for employees to work anywhere, thereby reducing the number of PCs and expensive hardware at workplaces, resulting in a decline in the cost for hardware maintenance.

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May 25, 2022

Aviation Lubricants Industry worth $1,082 million by 2027

According to a research report "Aviation Lubricants Market by Type (Engine Oil, Hydraulic Fluid, Special Lubricants & Additives, Grease), Technology, End User, Application, Platform (Commercial Aviation, Military Aviation, Business & General Aviation) & Region - Global Forecast to 2027" published by MarketsandMarkets, the aviation lubricants market is estimated at USD 804 million in 2022 and is projected to reach USD 1,082 million by 2027, at a CAGR of 6.1% from 2022 to 2027.

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May 25, 2022

3D Cell Culture Market worth $2.6 billion by 2027

The report "3D Cell Culture Market by Type (Hydrogel, ECM, Hanging Drop, Bioreactor, Microfluidics, Magnetic Levitation), Application (Cancer, Stem Cell, Toxicology, Tissue Engineering), End User (Pharma, Biotech, Research, Cosmetics), Region - Global Forecast to 2027", is valued at an estimated USD 1.3 billion in 2022 and is projected to reach USD 2.6 billion by 2027, at a CAGR of 15.6% during the forecast period. The growth of this market is mainly driven by factors such as the increasing focus on developing alternative methods to animal testing, growing focus on personalized medicine, increasing incidence of chronic diseases, and the availability of funding for research. On the other hand, a lack of infrastructure for 3D cell-based research and the high cost of cell biology research are expected to restrain the growth of this market during the forecast period.

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May 25, 2022

Optical Communication and Networking Equipment Industry worth $36.6 billion by 2027

The report "Optical Communication and Networking Equipment Market by Component (Fiber, Transceiver, and Switch), Technology (WDM, Fiber Channel), Application (Telecom, Data Center, and Enterprise), Data Rate, Vertical and Region - Global Forecast to 2027", was estimated at USD 24.2 billion in 2022 and is projected to reach USD 36.6 billion by 2027, growing at a CAGR of 8.6% during the forecast period. Rising adoption of cloud-based and virtualization services globally and expansion of telecom infrastructure in developing economies are the major driving factors for the growth of the optical communication and networking equipment market.

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May 25, 2022

VSaaS Industry worth $7.6 billion by 2027

The report "VSaaS Market by Type (Hosted, Managed, and Hybrid), Vertical (Commercial, Infrastructure, Residential, Public Facilities, Military & Defense, and Industrial) and Geography (North America, APAC, Europe, Rest of the World) - Global Forecast to 2027" The VSaaS market is projected to grow from USD 3.3 billion in 2022 and is projected to reach USD 7.6 billion by 2027; it is expected to grow at a CAGR of 18.0% from 2022 to 2027. The growth of this market is driven by factors such as the low cost of investment, the rise in demand for real-time surveillance data, and flexible scalability offered by VSaaS.

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May 24, 2022

Specialty Food Ingredients Market worth $196.2 billion by 2027

According to a research report "Specialty Food Ingredients Market by Type (Acidulant, Colors, Flavors, Enzymes, Emulsifiers, F&B Starter Culture, Preservatives, Functional Food Ingredients, Specialty Starches, Sugar Substitutes), Distribution Channel - Global Forecast to 2027" published by MarketsandMarkets, the global specialty food ingredients market is estimated to be valued at USD 148.2 billion in 2022. It is projected to reach USD 196.2 billion by 2027, recording a CAGR of 5.8% during the forecast period. Specialty food ingredients constitute distinct functional food ingredients, sugar substitutes, flavors, specialty starches, acidulants, food preservatives, food emulsifiers, colors, food & beverage enzymes, and F&B starter culture. They help improve the texture, increase shelf life, and preserve product properties and increase the nutrition value and appeal of the product. They also find applications in food products such as jams, jellies, bakery premixes, dairy products, meat & dairy substitutes, pharmaceutical products, and products for personal & cosmetic uses. The demand for high-quality food products has driven the application of specialty food ingredients in food systems. Manufacturers are demanding specialty food ingredients with a variety of food products in the market scenario.

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May 24, 2022

Dental Laboratories Market worth $46.5 billion by 2027

MarketsandMarkets expects the report "Dental Laboratories Market by Material (Metal Ceramic, CAD/CAM Material (Zirconia, Glass Ceramic)), Equipment (Milling Equipment, CAD/CAM System, 3D Printing System, Scanner, Furnace), Prosthetics (Bridge, Crown, Veeners, Denture) - Global Forecast to 2027", is estimated to grow at a CAGR of 5.9% during the forecast period. The market is projected to reach USD 46.5 billion by 2027 from USD 35.0 billion in 2022.

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May 24, 2022

Fixed-wing VTOL UAV Industry worth $4,627 million by 2030

The report "Fixed-wing VTOL UAV Market by Application (Military, Government & Law Enforcement, Commercial), Propulsion (Electric, Hybrid, Gasoline), Mode of operation (VLOS, EVLOS, BVLOS), Endurance, Range, MTOW and Region - Global Forecast to 2030" The Fixed-wing VTOL UAV market is estimated at USD 842 million in 2022 and is projected to reach USD 4,627 million by 2030, at a CAGR of 23.7% from 2022 to 2030. Fixed-wing VTOL UAVs are used in a wide range of civil & commercial applications such as inspection, monitoring, remote sensing, photography, research, and product delivery, among others. They are also used to carry out surveillance and data collection. The market for these UAVs has been growing significantly over the past few years, and this trend is expected to continue during the forecast period.

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May 24, 2022

5G Security Market worth $7.2 billion by 2027

According to a research report "5G Security Market with Covid-19 Impact Analysis by Component, Deployment Mode, Organization Size, End User, Network Component Security (RAN and Core Security), Architecture, Application, Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the global 5G security market size is expected to grow from USD 1.3 billion in 2022 to USD 7.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 41.6%  during the forecast period.

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May 23, 2022

Cognition and Memory Enhancement Market worth $38.9 billion by 2026

The report "Cognition and Memory Enhancement Market by Product & Service (Cognition & Memory-enhancing Drugs, Brain-boosting Nutraceuticals, Cognitive Assessment & Training Solutions), Region (North America, Europe, Asia Pacific, ROW) - Global Forecast to 2026" The global memory enhancement market is projected to reach USD 38.9 billion by 2026 from USD 23.4 billion in 2021, at a CAGR of 10.7% during the forecast period. Growing adoption of nutraceuticals for cognitive health is among the primary factors that drive the market growth. To achieve a better quality of life and cognitive health, consumers of all ages have started including more vegetables, fruits, dietary supplements, probiotics, prebiotics, phytotherapeutic substances, and other plant foods in their diets. Consequently, there has been an increase in the demand for nutraceutical ingredients over the past few years, as they are being used by consumers for various health benefits

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May 23, 2022

Vapor Recovery Units Market worth $1.0 billion by 2027

The report "Vapor Recovery Units Market by Application (Processing, Storage, and Transportation), End-use Industry (Oil & Gas, Landfills), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Global Forecast to 2027" The global Vapor recovery units market size is projected to grow from USD 0.8 billion in 2022 to USD 1.0 billion by 2027, at a CAGR of 3.9%. Worldwide, increasing demand from the oil & gas industry supports for the growth of the vapor recovery units market. Stringent government regulation, expansion of production facilities, and growing demand for fuels and petrochemicals products across the globe are few factors supports for the growth of the market.

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May 23, 2022

Building Automation System Industry worth $148.6 billion by 2027

According to a research report "Building Automation System Market by Offering (Facility Management Systems, Security & Access Controls, Fire Protection Systems, BEM Software, BAS Services), Communication Technology (Wireless, Wired), Application and Region - Global Forecast to 2027" published by MarketsandMarkets, the building automation system market is projected to reach USD 148.6 billion by 2027 from USD 86.8 billion in 2022; it is expected to grow at a CAGR of 11.4% from 2022 to 2027. Building automation systems are used to automate and control heating, ventilation, and air-conditioning systems; lighting systems; and other systems installed in buildings to increase the comfort, safety, security, and convenience of occupants and make buildings energy efficient. A BAS is a computer networking system that monitors and controls a range of other electronic and mechanical systems. It provides a means for these disparate systems to communicate across platforms, software, and languages. The core functionality of a BAS is to maintain building climate based on an occupancy schedule, monitor performance and device failures in all systems, and provide malfunction alarms. Automation systems reduce building energy and maintenance costs. Almost all multi-story green buildings are designed to accommodate a BAS for energy, air, and water conservation. Most green buildings also use as many low-power DC devices as possible, typically integrated with power over Ethernet wiring. Even a piassavas design intended to consume no net energy whatsoever will typically require a BAS to manage heat capture, shading and venting, and scheduling device use. Asia Pacific is expected to grow at highest CAGR during the forecast period. Stringent regulations with respect to energy efficiency and various initiatives undertaken in countries such as China and India for the same and high economic growth and surge in construction and industrial activities in various countries in the region are some of the driving factors for the growth of building automation system market in Asia Pacific region.

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May 23, 2022

Pressure Transmitter Industry worth $3.5 billion by 2027

The report "Pressure Transmitter Market by Sensing Technology, Type (Absolute, Gauge, Differential Pressure, and Multivariable), Fluid Type (Liquid, Gas, and Steam), Application (Level, Pressure, and Flow), Industry and Region - Global Forecast to 2027", size is estimated to be USD 2.9 billion in 2022 and is projected to reach USD 3.5 billion by 2027, at a CAGR of 3.6%. Increasing production potential of process industries such as food & beverage and pharmaceutical to cater to rising consumption is driving the adoption of field instruments such as pressure transmitters and temperature sensors for increasing productivity. Additionally, need for real-time analysis of statistical inputs from different types of production processes to improve efficiency and productivity is promoting the growth of measurement and analytics instrumentation market such as of pressure transmitters and flowmeters.

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May 23, 2022

Home Security Systems Market worth $84.4 billion by 2027

According to the new market research report "Home Security Systems Market by Home Type (Independent Homes, Apartments), Security (Professionally Installed & Monitored, Do-It-Yourself), Systems (Access Control Systems), Services (Security System Integration Services), Region - Global Forecast 2027" published by MarketsandMarkets, the global home security systems market size is expected to grow from USD 56.9 billion in 2022 to USD 84.4 billion by 2027, at a CAGR of 8.2% during the forecast period.

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May 20, 2022

Diesel Exhaust Fluid Market worth $50.0 billion by 2027

The report "Diesel Exhaust Fluid Market by Component (SCR Catalysts, DEF Tanks, Injectors, Supply Modules, Sensors), OHV Market by Application, Aftermarket by Vehicle Type, Supply Mode (Cans, IBCs, Bulk & Pumps), End Use Market and Region - Global Forecast to 2027", is projected to reach USD 50.0 billion by 2027 from USD 34.4 billion in 2022, at a CAGR of 7.8%.

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May 20, 2022

Managed Detection and Response (MDR) Market worth $5.6 billion by 2027

According to a research report "Managed Detection and Response (MDR) Market by Security Type (Network, Endpoint, Cloud), Deployment Mode (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the global MDR market size is expected to grow from an estimated value of USD 2.6 billion in 2022 to USD 5.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 16.0% from 2022 to 2027. Growing incidents of business email compromises, ransomware, crypto jacking technological advancements, stringent government regulations and compliances, and increasing instances of internal and external security breaches and attacks are some of the factors that are driving the market growth.

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May 20, 2022

Terahertz Technology Industry worth $1.2 billion by 2027

According to a research report "Terahertz Technology Market by Type (Terahertz Imaging, Terahertz Spectroscopy, Terahertz Communication Systems), Application (Laboratory Research, Medical & Healthcare, Satellite Communication), and Geography - Global Forecast to 2027" published by MarketsandMarkets, the global terahertz technology market was valued at USD 0.6 billion in 2022 and is projected to reach USD 1.2 billion by 2027, registering a CAGR of 14.7% during the forecast period. Stringent government regulations for public safety and homeland security and rise in demand for terahertz technology in the medical sector are the major driving factors for the growth of the terahertz technology market.

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May 20, 2022

MarketsandMarkets™ Market Intelligence Cloud - KnowledgeStore bags two Awards for Excellence in Corporate Innovation, at the 2022 Asia-Pacific Stevie Awards

MarketsandMarkets™ a revenue impact advisory firm was presented with two awards in the Excellence in Corporate Innovation category at the prestigious 2022 Asia-Pacific Stevie Awards, for its Market Intelligence Cloud - KnowledgeStore.

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May 20, 2022

Microfiltration Membranes Market worth $1.8 billion by 2027

According to a research report "Microfiltration Membranes Market by Type (Fluorinated Polymers, Cellulosic, Polysulfones, Ceramic), Filtration Mode, Applications (Water Treatment, Food & beverage, Biopharmaceutical Processing, Chemical) & Region - Global Forecast to 2027" published by MarketsandMarkets, the global microfiltration membranes market size is projected to reach USD 1.8 billion by 2027 from USD 1.2 billion in 2022, at a CAGR of 8.9% during the forecast period.

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May 19, 2022

Advanced Distribution Management System Market worth $5.6 billion by 2027

According to a research report "Advanced Distribution Management System Market by Offering ((Solutions and Services), Solutions (Outage Management System, Energy Management System), Services (Professional and Managed Services)), End User and Region - Global Forecast to 2027" published by MarketsandMarkets, the global advanced distribution management system market size is expected to grow from USD 2.2 billion in 2022 to USD 5.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period.

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May 19, 2022

Industrial Vehicles Market worth $54.3 billion by 2027

According to a research report "Industrial Vehicles Market in terms of Vehicle Type, Drive Type (ICE, Battery-operated, Gas-powered), Application, Capacity, Level of Autonomy, Aerial Work Platform (Boom Lifts, Scissor Lifts) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global Industrial Vehicles Market is projected to grow from USD 43.7 billion in 2022 to USD 54.3 billion by 2027, at a CAGR of 4.5%.

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May 19, 2022

Functional Safety Industry worth $7.2 billion by 2027

According to the new market research report Functional Safety Market by System (ESD, F&G, TMC, BMS, HIPPS, SCADA, DCS), Device (Safety Sensors, Safety Controllers, Programmable Safety Systems, Safety Switches, Emergency Stop Devices), Sales Channel, Industry & Region - Global Forecast to 2027”, the global functional safety market size is projected to grow from USD 5.2 billion in 2022 to USD 7.2 billion by 2027 at CAGR of 6.8% during the forecast period. Every functional safety system is designed in a way that when combined, it can achieve the overall SIL of the complete loop. Owing to these factors, the adoption of functional safety systems is surging in the oil & gas industry, consequently driving the growth of the market.

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May 19, 2022

Military Battery Industry worth $1.6 billion by 2027

According to a research report "Military Battery Market by Type (Rechargeable, Non-rechargeable), Installation (OEM, Aftermarket), Application (Propulsion, Non-propulsion), Platform (Ground, Airborne, Marine), Composition, Voltage, Power Density and Region - Global Forecast to 2027" published by MarketsandMarkets, the military battery market is projected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.1% from 2022 to 2027. The advent of rechargeable batteries in terms of compact designs and high power density, is one of the major driving factor for the demand of military battery market.

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May 19, 2022

Electric Commercial Vehicle Market worth 3,144 thousand units by 2030

According to a research report "Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030" published by MarketsandMarkets, the global electric commercial vehicle market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%.

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May 18, 2022

Bus Seat Industry worth $16.3 billion by 2027

According to a research report "Bus Seat Market with COVID-19 Impact Analysis, by Component, Comfort Type (High comfort, Low Comfort), Seat type (Regular passenger Seat, Recliner Seat, Folding Seat, Driver Seat, Integrated Child Seat), Bus Type and Region - Global Forecast to 2027" published by MarketsandMarkets, the bus seat market is expected to grow from USD 12.5 billion in 2022 to USD 16.3 billion by 2027, at a CAGR of 5.6%. The market growth can be attributed to several factors, such as increasing demand for electric bus is rising demand for bus seats.

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May 18, 2022

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