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Insurance Analytics Market worth $20.6 billion by 2026
The report "Insurance Analytics Market by Component (Tools and Services), Application (Claims Management, Risk Management, Customer Management and Personalization, Process Optimization), Deployment Mode, Organization Size, End User, and Region - Global Forecast to 2026" The global insurance analytics market size is expected to grow from USD 8.8 billion in 2020 to USD 20.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period.
- Published: April 2021
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2K Protective Coatings Market worth $10.8 billion by 2025
The report "2K Protective Coatings Market by Resin Type (Epoxy, Polyurethane, Alkyd, Acrylic), End-use Industry (Oil & Gas, Petrochemical, Marine, Cargo Containers, Power Generation, Water and Waste Treatment), Application, and Region – Global Forecast to 2025" The global 2K protective coatings market size will grow to USD 10.8 billion by 2025 from USD 8.6 billion in 2020, at a CAGR of 4.8% during the 2020-2025 period. The use of 2K protective coatings in offshore structures/oil & gas exploration, production, and transmission and civil building & infrastructure is expected to increase in APAC in the next five years.
- Published: April 2021
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Airborne Optronics Industry worth $2.5 billion by 2025
The report "Airborne Optronics Market by End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Region - Forecast to 2025", size is projected to grow from USD 1.4 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 12.7% from 2020 to 2025. The market is driven by various factors, such as growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles.
- Published: April 2021
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Wearable Payment Device Industry worth $82.0 billion by 2026
According to the new market research report "Wearable Payment Device Market with COVID-19 Impact, by Device Type (Smart Watches, Fitness Trackers), Technology (NFC, RFID), Sales Channel, Application (Retail/Grocery Stores, Restaurants, Entertainment Centers), and Geography - Global Forecast to 2026", The global wearable payment device market size is projected to grow from USD 43.0 billion in 2021 to USD 82.0 billion by 2026; it is expected to grow at a CAGR of 13.6% from 2021 to 2026. The growth of the wearable payment device market is majorly driven by surge in the adoption of contactless cards and wearable devices due to the COVID-19 situation, emerging demand for contactless payment for secure and safer payment transactions, and the growing adoption of NFC technology.
- Published: April 2021
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Platform as a Service (PaaS) Market worth $164.3 billion by 2026
The report "Platform as a Service (PaaS) Market by Type (APaaS, IPaaS, DBPaaS), Deployment (Public and Private), Organization Size (Large Enterprises and SMEs), Vertical (Consumer Goods and Retail, BFSI, Manufacturing), and Region - Global Forecast to 2026", size is expected to grow from USD 56.2 billion in 2020 to USD 164.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. Key factors that are expected to drive the growth of the market are the increasing need to reduce time to market and cost of application development and focus on streamlining application management. However, cloud washing hindering the growth of PaaS, and security concerns related to the adoption of public cloud are expected to limit the market growth. Apart from drivers and restraints, there are a few lucrative opportunities for PaaS providers in the market. The rapid development of the mobile app ecosystem and the emergence of video communication PaaS are some of the opportunities for vendors in the PaaS market. These opportunities are expected to present new market growth prospects for PaaS vendors.
- Published: April 2021
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Smart Ticketing Market worth $16.2 billion by 2026
According to a research report "Smart Ticketing Market by Component (Hardware, Software, and Services), Application (Parking and Transportation (Roadways, Railways, and Airways), and Sports and Entertainment), Organization Size, and Region - Global Forecast to 2026", published by MarketsandMarkets, the global smart ticketing market size is projected to grow from USD 7.2 billion in 2020 to USD 16.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. The smart ticketing market is gaining traction due to affordable access to rapid transit with the help of smart transit systems, huge demand for smart ticketing from sports, entertainment, and tourism industries, advanced technologies in the smart ticketing systems, rising adoption of contactless payments, upsurge in the intelligent transportation market, and growing adoption of wearable technologies.
- Published: April 2021
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Collaboration Display Market worth $957 million by 2026
The report "Collaboration Display Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Screen Size (Up to 65 Inches, above 65 Inches), Resolution (1080P, 4K/UHD), End User, Application, and Geography - Global Forecast to 2026", is projected to reach USD 957 million by 2026 from USD 700 million in 2021; it is expected to grow at a CAGR of 6.4 % from 2021 to 2026. Major drivers for the growth of the market are surged demand for collaboration displays in educational institutions and corporate offices as well as increase in remote and hybrid work models amid COVID-19. The increased digital transformation throughout the globe and adoption of ever changing technology is also a reason for the increased demand of collaboration display in corporate offices, educational institutions, and government organizations. Moreover, the lower manufacturing cost and labour cost as well as huge untapped market in countries of APAC act as growth opportunities for developers of collaboration display.
- Published: April 2021
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Excitation Systems Market worth $3.4 billion by 2026
The report "Excitation Systems Market by Type (Static and Brushless), Controller Type (Analog and Digital), Application (Synchronous Generators and Synchronous Motors), End User (Power Generation, Heavy Industries, and OEMs) and Region - Global Forecast to 2026", is expected to grow from an estimated USD 2.7 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of 4.4%. Key factors projected to drive the growth of the excitation systems market are their ability to ensure long-term reliable operations and increasing demand for synchronous machines to ensure optimal reactive power flow in power distribution plants. However, the complex design of excitation systems makes the maintenance process difficult, which acts as a restraint for the growth of the excitation system market.
- Published: April 2021
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Torque Sensor Industry worth $9.0 billion by 2026
The report "Torque Sensor Market with COVID-19 Impact Analysis by Type (Rotary Torque Sensors and Reaction Torque Sensors), Application (Automotive, Test & Measurement, Industrial, Aerospace & Defense), Technology, and Geography - Global Forecast to 2026", is projected to grow from USD 6.8 billion in 2021 to USD 9.0 billion by 2026; it is expected to grow at a CAGR of 5.7% during the forecast period. Owing to COVID-19, the torque market is estimated to face headwinds for 2020–2021. The growth of the torque sensor market is driven by factors such as increasing demand for advanced high-performance vehicles and the growing importance of torque measurement. The electric power steering (EPS) system is one of the largest application areas of torque sensors in the automotive industry. EPS systems need high-precision torque sensors for the accurate measurement of force applied by the driver to provide the necessary feedback as steering is one of the essential parts in automobiles. Moreover, torque sensors are being increasingly used in various robotics applications, such as force-controlled processes, robotics assembly, telemanipulation, and human augmentation. The growing adoption of robotics in various applications, mainly medical (rehabilitation robotics systems, surgical robots, and others) and industrial, is likely to create lucrative opportunities for torque sensor manufacturers in the near future.
- Published: April 2021
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Silica Flour Market worth $684 million by 2026
The report "Silica Flour Market by Type (Quartz, Cristobalite), End Use (Fiberglass, Foundry, Glass & Clay, Ceramic & Refractory, Oil Well Cement) and Region (North America, APAC, Europe, South America, Middle East & Africa) - Global Forecast to 2026" The global silica flour market size is projected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a CAGR of 3.9% from 2021 to 2026. The market is projected to grow in accordance with the increase in the demand for silica flour for numerous applications, particularly for fiberglass and glass & clay production across the globe. Furthermore, the silica flour market has witnessed a significant increase in demand, owing to its demand as a good refractory material, across various end use industries.
- Published: April 2021
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Airborne Radars Industry worth $23.6 Billion by 2028
The report "Airborne Radars Market by Component, Platform, Application (Defense and Security, Commercial and Civil), Waveform, Technology, Waveform, Range, Dimension( 2D, 3D, 4D), Installation Type and Region - Global Forecast to 2028" The Airborne Radars market size is projected to grow from an estimated USD 15.8 Billion in 2023 to USD 23.6 Billion by 2028, at a CAGR of 8.3% during the forecast period. This growth can be attributed to the increasing aircraft demand and advancements in traditional aircraft.
- Published: April 2021
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Fertility Test Industry worth $680 Million by 2025, with a CAGR of 7.5%
The report "Fertility Test Market by Product (Ovulation Predictor Kits, Fertility Monitors (Urine, Saliva, Blood)), Mode of Purchase (OTC, Prescription, Online), Application (Female, Male), End User (Home care, Fertility clinics, hospitals) - Global Forecast to 2025" The fertility test market is projected to reach USD 680 Million by 2025 from USD 472 Million in 2020, at a CAGR of 7.5 % the forecast period. Growth in this market is primarily driven by by the increasing first-time pregnancy age in women, declining fertility rate among men and women, growing number of women suffering from disorders such as PCOS, emergence of advanced ovulation monitors, and the increased awareness of fertility testing in both developed as well as developing countries.
- Published: April 2021
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Medical Engineered Materials Market worth $29.1 billion by 2025
The report "Medical Engineered Materials Market by Type (Medical plastics, medical foams, medical films, medical elastomers, medical adhesives), Application (Medical device, disposables, medical wearables, advanced wound care), and Region - Global Forecast to 2025", size is projected to reach USD 29.1 billion by 2025 from USD 15.8 billion in 2020, at a CAGR of 13.0% during the forecast period. Increase in aging population, rise in global healthcare expenditure, growing demand for minimally invasive medical procedures, and advancements in designing of medical electronics are the major drivers for the medical engineered materials market. The market players in the emerging economies, such as APAC, South America, and the Middle East & Africa, are investing heavily in healthcare expenditure and improving medical facilities. The major restraints for the market are stringent regulatory policies and a time-consuming approval process. Concerns over disposal of medical wastes is a major challenge for the medical engineered materials market.
- Published: April 2021
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Sequence of Events Recorder Market worth $31 million by 2026
The report "Sequence of Events Recorder Market by Mount type (Rack mounted, Rail mounted), End user (Data Center, Power Generation, Manufacturing, Others (Hospitals, Laboratories, Petrochemicals, and Pharmaceutical industries)), Region- Global Forecast to 2026" The sequence of events recorder market size will grow to USD 31 million by 2026 (forecast year) from USD 25 million in 2021 (estimated year), at a CAGR of 4.7% during the forecast period. The increasing focus on the effective usage of power resources and the ongoing efforts to reduce downtime and energy costs in different industries are factors driving the growth of the sequence of events recorder market. Moreover, growing investments in data center infrastructures and ongoing replacement of aging power infrastructures with technologically advanced power equipment are factors expected to offer lucrative opportunities for the growth of the market. However, the easy availability of substitutes of sequence of events recorders hinders the growth of the market
- Published: April 2021
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5G Enterprise Industry worth $10.9 billion by 2027
The report "5G Enterprise Market by Network Type (Hybrid Network, Private Network), Operator Model, Infrastructure, Spectrum, Frequency Band, Organization Size, Application, Vertical, Region - Global Forecast to 2027", is expected to grow from USD 2.1 billion in 2021 to USD 10.9 billion by 2027, at a CAGR of 31.8%. A few major factors driving the growth of this market are the emergence of Industry 4.0 paving the way for mMTC, the development of smart infrastructure, and the delivery of differentiated 5G services using network slicing technique. The critical challenge faced by the market players is the requirement of the high spending capability of carriers to set up a 5G infrastructure. Similarly, the adoption of Wi-Fi communication technology by enterprises and security concerns in the 5G core network are the major factors hindering the market growth. Low latency connectivity with uRLLC and increasing demand for private networks from various enterprises and government organizations for mission-critical applications. Despite the market being in the infancy stage, a lot of research is being conducted in the market.
- Published: April 2021
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Marine collagen Market worth $1,137 million by 2026
The report "Marine collagen Market by Type (Type I, Type III), Application (Nutraceuticals, Cosmetic, Medical), Source (Skin, scales, and muscles, Bones & tendons), Animal and Region – Trends and Global Forecast to 2026" According to MarketsandMarkets, the global marine collagen market size is estimated to be valued at USD 778 million in 2021 and projected to reach USD 1,137 million by 2026, recording a CAGR of 7.9% during the forecast period. The growth of this market can be attributed to the rising disposable income of consumers, which allows them to spend more on cosmetic and nutraceutical products. The demand for marine collagen is augmented by the ongoing health and wellness trends flooding the internet and social media, which has led to an escalated demand for nutraceutical supplements and cosmetic products among consumers.
- Published: April 2021
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Crash Barrier Systems Market worth $9.0 billion by 2026
The report "Crash Barrier Systems Market by Type (Portable & Fixed), Technology (Rigid, Semi-Rigid & Flexible), Device (Crash Cushions, End Treatments, and GEAT), Application (Roadside, Median, Work-zone, and Bridge) & Region - Global Forecast to 2026" The global crash barrier systems market size is expected to grow from USD 7.6 billion in 2021 to USD 9.0 billion by 2026, at a CAGR of 3.3% during the forecast period. Crash barrier systems is used across applications, such as roadsie barriers, median barriers, work zone barriers, bridge barriers and Others. In the crash barrier systems market, roadside barrier is the largest application owing to the increasing usage of guardrails and wire ropes on highways and roadways across the globe..
- Published: March 2021
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Smart Elevator Industry worth $12.6 billion by 2026
According to the new market research report "Smart Elevator Market with COVID-19 Impact by Component (Control System, Maintenance System, Communication System), Application (Residential, Commercial, Institutional), Services, and Region - Global Forecast to 2026" The smart elevator market is expected to grow from USD 9.7 billion in 2021 to USD 12.6 billion by 2026.; it is expected to grow at a CAGR of 5.4% from 2021 to 2026. The key factors fueling the growth of this market consist of reducing energy consumption within the buildings, development of smart cities and growth in urbanization. Moreover, increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization and modernization of old buildings plays a key role in driving the growth of smart elevator market.
- Published: March 2021
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Voice Biometrics Market worth $3.9 billion by 2026
The report "Voice Biometrics Market by Component, Type (Active and Passive), Application (Authentication and Customer Verification, Transaction Processing), Authentication Process, Organization Size, Deployment Mode, Vertical, and Region - Global Forecast to 2026", size to grow from USD 1.1 billion in 2020 to USD 3.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period. Factors such as the increasing demand for robust fraud detection and prevention systems across the Banking, Financial Services, and Insurance (BFSI) industry and the need for reducing authentication and identification costs are driving the adoption of voice biometrics solutions across the world. Fraudulent activities have increased alarmingly with the advent of digitalization across the banking industry. Through high-profile data thefts, fraudsters with access to banking credentials may gain access to customers’ bank accounts, thus creating the need for second or third-level security in the whole financial authentication system. Voice biometrics caters to such needs of banks and financial agencies by smartly identifying a user based on his/her voiceprint.
- Published: March 2021
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Mobile and Wireless Backhaul Market worth $15.5 billion by 2026
The report "Mobile and Wireless Backhaul Market by Component (Equipment and Services[Designing & Consulting, Integration & Deployment]), Equipment (Microwave, Millimetre Wave, Sub-6 Ghz), Network Technology (5G, 4G, and 3G & 2G), and Region - Global forecast to 2026" The global Mobile and wireless backhaul Market size is expected to grow from USD 9.3 billion in 2020 to USD 15.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period. The Mobile and wireless backhaul Market is fuelled by the growth in the number of mobile subscribers and the success of 4G and 5G around the world. Moreover, the trend of companies investing more on adoption of small cells and reduced total cost of ownership is driving the adoption of mobile and wireless backhaul solutions.
- Published: March 2021
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Automotive Switch Market worth $7.5 billion by 2026
The report "Automotive Switch Market by Type (Knob, Lever, Button, Touchpad & Others), Switch Application (HVAC, Indicator, Electronic, Engine Management, Power Windows, Ignition, Multi-purpose & Others), Vehicle Type and Region - Global Forecast to 2026", is projected to grow at a CAGR of 3.8% from 2021 to 2026, and the market size is expected to grow from USD 6.2 billion in 2021 to USD 7.5 billion by 2026. Growing popularity of premium vehicles with advanced systems such as power windows, front & rear AC conditioning, EMS systems etc. is expected to significantly boost automotive switches market. Trends towards lightweight vehicle parts is also expected to propel automotive switches market.
- Published: March 2021
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Smart Thermostat Industry worth $6.4 billion by 2026
According to the new market research report on the "Smart Thermostat Market by Product (Connected, Learning, Standalone), Connectivity Technology (Wireless, Wired), Installation Type (New Installation, Retrofit Installation), Vertical (Residential, Commercial, Industrial), and Region - Global Forecast to 2026", the smart thermostat market size is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026; it is expected to grow at a CAGR of 20.8% from 2021 to 2026. The key factors driving the growth of the market increasing adoption of smart homes attributed to COVID-19 situation, emergence of IoT-enabled HVAC systems, government regulations pertaining to increase energy efficiency of buildings, and surging adoption of smart home voice assistants.
- Published: March 2021
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In Vivo Toxicology Market worth $6.6 billion by 2025
The report "In Vivo Toxicology Market by Product (Animal Models, Reagents & Kits), Test Type (Chronic, Sub-acute), Toxicity Endpoints (Systemic, Immunotoxicity), Testing Facility (Outsourced, In-house), End User (Academic & Research Institute, CROs) - Forecast to 2025" The global in vivo toxicology market size is projected to reach USD 6.6 billion by 2025, at a CAGR of 5.5% between 2020 and 2025.
- Published: March 2021
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Pyrometer Market worth $464 million by 2025
According to the new market research report "Pyrometer Market with COVID-19 Impact Analysis, by Type (Fixed, Handheld), Technology (Optical, Infrared), Wavelength (Single Wavelength, Multiwavelength), End-user Industry (Ceramics, Glass, Metal Processing), and Geography - Global Forecast to 2025", the pyrometer market is estimated to grow from USD 327 million in 2020 to reach USD 464 million by 2025; it is expected to grow at a CAGR of 7.3% from 2020 to 2025. A few key factors driving the growth of this market are increased importance of non-contact temperature measurements, emphasis of end-user industries on rugged temperature measurement devices, Industry 4.0 pushed demand for pyrometers, and surged popularity of application-specific pyrometers.
- Published: March 2021
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Smart Card Industry worth $16.9 billion by 2026
According to a research report "Smart Card Market with Covid-19 Impact by Interface (Contact, Contactless, Dual), Type (Memory, MPU Microprocessor), Functionality (Transaction, Communication, Security and Access Control), Offering, Vertical, and Region - Global Forecast to 2026", size is estimated to be USD 13.9 billion in 2021 and projected to reach USD 16.9 billion by 2026, at a CAGR of 4.0% during the forecast period. Increase in the demand for contactless card (tap-and-pay) payments amid COVID-19, proliferation of smart cards in healthcare, transportation, and BFSI verticals; and increased penetration of smart cards in access control and personal identification applications. These factors will drive market growth through the end of the forecast period. Moreover, surged benefits offered by smart cards in form of multifunctionality and flexibility; and easy access to e-government services and risen demand for online shopping and banking will drive the demand of smart cards in the near future.
- Published: March 2021
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Laboratory Gas Generators Market worth $686 million by 2026
The report "Laboratory Gas Generators Market by type (Nitrogen, Hydrogen, Zero Air, Purge Gas, ToC), Application (Gas Chromatography, LC-MS), End user (Life Science Industry, Chemical & Petrochemical Industry, Food & Beverage Industry) - Global Forecast to 2026" The global laboratory gas generators market is projected to reach USD 686 million by 2026 from USD 353 million in 2021, at a CAGR of 14.2% during the forecast period.
- Published: March 2021
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Electron Microscopy and Sample Preparation Industry worth $3.5 Billion by 2026
The report "Electron Microscopy and Sample Preparation Market with Covid-19 impact By Type (SEM and TEM), Application (Semiconductor, Life Sciences, Material Science), Product, End-user Industry, and Geography-Global Forecast to 2026", size is expected to grow from USD 2.2 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 9.5%. Favorable funding scenario for R&D in microscopy and growth opportunities in emerging markets are the key factors driving the growth of the electron microscopy and sample preparation market.
- Published: March 2021
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OLED Market worth $72.8 billion by 2026
The report "OLED Market with COVID-19 Impact Analysis by Product Type (Smartphones, Television Sets, Smart Wearables, Large Format Displays), Panel Type, Panel Size, Technology, Vertical, and Geography - Global Forecast to 2026", size was valued at USD 38.4 billion in 2021 and is projected to reach USD 72.8 billion by 2026. It is expected to grow at a CAGR of 13.6% during the forecast period. Rapid adoption of OLED displays in smartphones, significant investments in building new facilities to manufacture OLED panels, high demand for better viewing experience, especially from smartphone and television consumers, rapid advances in OLED technology, increased demand for AMOLED displays in AR/VR headset applications, and financial support from governments worldwide for OLED lighting research are the key driving factors for the OLED market.
- Published: March 2021
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Polycarbonate Sheets Market worth $2.2 billion by 2025
The report "Polycarbonate Sheets Market by Type (Solid, Multiwall, Corrugated), End-use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation, Aerospace & Defense, Packaging), and Region - Global Forecast to 2025" The global polycarbonate sheets market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 5.1% between 2020 and 2025.
- Published: March 2021
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Food Disinfection Market worth $14.9 billion by 2025
The report "Food Disinfection Market by Chemical Type (Chlorine, Hydrogen Peroxide & Peracetic Acid, and Quaternary Ammonium Compounds), End Use (Food Processing and Beverage Processing), Application Area, and Region - Global Forecast to 2025", The global food disinfection market is expected to reach a value of USD 14.9 billion by 2025, growing at a CAGR of 4.1% during the forecast period. Factors such as the increasing occurrences of foodborne diseases and growing safety concerns related to food are driving the market for food & beverage disinfection, which is achieved by certain chemicals and technology (equipment). Chemical disinfectants are more frequently used in food production facilities than thermal or radiation techniques.
- Published: March 2021
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Cell Lysis/Cell Fractionation Industry worth $4.1 billion by 2026, with a CAGR of 7.2%
The report "Cell Lysis/Cell Fractionation Market by Product (Consumables (Enzymes, Detergent), Instruments (Sonicators)), Cell Type (Mammalian), Application (Protein Purification), End User (Biopharmaceutical & Biotechnology Companies) - Global Forecast to 2026" The global cell lysis market size is projected to reach USD 4.1 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 7.2%. The growth in this market is attributed to the increasing government funding for research, high prevalence of diseases, and growing focus on personalized medicine.
- Published: March 2021
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Antenna, Transducer and Radome Industry worth $16.0 billion by 2025
According to a research report "Antenna, Transducer, and Radome Market by Product (Antenna & Transducer, Radome), Platform (Ground, Naval, Airborne), End User, Application, Technology (Radar, Communication, Sonar), Frequency, Region - Global Forecast to 2025" published by MarketsandMarkets, the global ATR market size is projected to grow from USD 9.1 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 11.9% from 2020 to 2025. The growth of the market can be attributed to the growing trend of automation in flight control and increase in defense expenditure and R&D activities to develop ATR, capable of withstanding harsh conditions and providing long-range capabilities at low power consumption.
- Published: March 2021
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Functional Proteins Market worth $6.1 billion by 2025
The report "Functional Proteins Market by Type (Whey Protein Concentrates, Isolates, Hydrolysates, Casein, Soy Protein), Source (Animal, Plant), Form (Dry, Liquid), Application and Region – Trends and Forecast to 2025" According to MarketsandMarkets, the global functional proteins market size is estimated to be valued at USD 4.6 billion in 2020 and projected to reach USD 6.1 billion by 2025, recording a CAGR of 5.6% during the forecast period.
- Published: March 2021
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Substation Automation Industry worth $54.2 billion by 2026
The report "Substation Automation Market with COVID-19 impact analysis by Offering (Hardware, Software, Services), Type (Transmission, Distribution), Installation Type, End-use Industry, Component, Communication, and Region - Global Forecast to 2026", is estimated to be USD 54.2 billion by 2026 (forecast year) from USD 39.9 billion in 2021 (estimated year), at a CAGR of 6.3% between 2021 to 2026. The growing demand for low-cost and more flexible substation solutions drives the adoption of automated substations in various industries, such as utilities, oil & gas, and railways. Government funding initiatives to replace aging infrastructure also help reduce energy and revenue losses. This, in turn, assists in preventing power outages and blackouts and drives the need to install more automated substations. Moreover, the rising demand for renewable energy projects and the increasing adoption of electric and hybrid vehicles are set to create new growth opportunities for players operating in the substation automation market.
- Published: March 2021
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Business Process Automation Market worth $19.6 billion by 2026
According to a research report "Business Process Automation Market by Component, Deployment Type, Organization Size, Business Funtion (Sales and Marketing, HR, Acoounting and Finance, Supply Chaixn, Customer Service Support) Vertical, and Region - Global Forecast to 2026", size is expected to grow from USD 9.8 billion in 2020 to USD 19.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period. The Increased need for optimized resource utilization through automated business processes, rising demand of automated IT systems, growing demand for streamlining communication across varied business functions in organizations, and business agility are a few factors driving the growth of the BPA solutions. Moreover inclusion of cutting egde technologies in business process management and automation is enabling the vendors to offer more innovative solutions to reduce manual error, and improved IT systems to meet customers dynamic requirements.
- Published: March 2021
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Veterinary Antimicrobial Susceptibility Testing Market worth $135 million by 2026
The report "Veterinary Antimicrobial Susceptibility Testing Market by Product (Disks, Plates, Media, Accessories, Consumables, Automated AST), Animal (Dog, Cat, Horse, Cattle, Pig, Poultry),End User (Veterinary Reference Labs, Universities) - Global Forecast to 2026" The veterinary antimicrobial susceptibility testing market is expected to reach USD 135 million by 2026 from an estimated USD 100 million in 2021, at a CAGR of 6.1%. Growth in the market is largely driven by the growing threat of antimicrobial resistance due to the overuse of antibiotics, rising demand for animal-derived products, growing prevalence of zoonotic diseases, rising demand for pet insurance, growing animal health expenditure, and the growing number of veterinary practitioners & their rising income levels in developed economies. The rising focus on veterinary antimicrobial susceptibility testing in emerging markets due to supportive government initiatives and awareness initiatives for antimicrobial resistance and control offer significant growth opportunities for the market players. On the other hand, the high cost of automated veterinary AST systems and rising pet care costs are expected to restrain the overall market growth to a certain extent.
- Published: March 2021
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Flexible Electronics & Circuit Industry worth $48.5 Billion by 2026
The report "Flexible Electronics & Circuit Market with COVID-19 Impact Analysis by Structure Type (Single Sided Flex Circuit, Multilayer Flex Circuit), Application (Displays, Printed Sensors), Vertical (Consumer Electronics), and Geography - Global Forecast to 2026", size is projected to reach USD 48.5 billion by 2026 from an estimated USD 31.9 billion in 2021, at a CAGR of 8.8% from 2021 to 2026. The rising demand for consumer electronic devices is among the factors driving the growth of the flexible electronics & circuit market.
- Published: March 2021
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Alumina Trihydrate Market worth $1.9 billion by 2025
The report "Alumina Trihydrate Market by Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), Region - Global Forecast to 2025" The global alumina trihydrate market size in 2020 is estimated at USD 1.5 billion and is projected to reach USD 1.9 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The major drivers for the market include the rising consumer demand for alumina trihydrate in different applications and end-use industries, such as flame retardants, and paints & coatings. However, the substitutes present in the market, for instance, magnesium hydroxide, can restrain the market growth.
- Published: March 2021
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Proppants Market worth $12.1 billion by 2025
The report Proppants Market by Type(Frac Sand, Resin-Coated Proppant, Ceramic Proppant), Application (Shale Gas, Tight Gas, Coalbedmethane & Others) and Region - Global Forecast to 2025" The proppants market is estimated to be USD 7.8 billion in 2020 and is projected to reach USD 12.1 billion by 2025, at a CAGR of 9.1% between 2020 to 2025. The improvements in fracturing technology and new drilling techniques, increasing proppants consumption per well, innovation in proppants technologies and the growing natural gas demand to ensure energy security is driving the proppants market during the forecast period.
- Published: March 2021
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Enterprise Architecture Tools Market worth $1,283 million by 2026
According to a research report "Enterprise Architecture Tools Market by Component (Solutions and Services (Managed Services and Professional Services)), Deployment Type, Organization Size, Vertical (BFSI, IT, Manufacturing), and Region - Global Forecast to 2026" The global Enterprise architecture tools market size is expected to grow from USD 989 million in 2020 to USD 1,283 million by 2026, at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period. Key factors that are expected to drive the growth of the market are the increasing adoption of the business-driven enterprise architecture approach for strategic business transformation and an increasing need to align enterprise information technology architecture with business strategy. With an enterprise architecture tool, landscapes, blueprints, and roadmaps are created to perform an ongoing and controlled enterprise transformation via projects. Such tools also enables organizations to understand their systems, applications, and assets from a holistic, top-down perspective. The solution helps in identifying gaps in organization’s current architecture to better understand how to reach the desired future-state objectives and architecture.
- Published: March 2021
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Animal Antibiotics and Antimicrobials Market worth $5.6 billion by 2026
The report "Animal Antibiotics and Antimicrobials Market by Product (Tetracycline, Penicillin, Sulfonamide, Macrolide, Cephalosporin, Lincosamide), Mode of Delivery (Premixes, Oral Solution, Injection), Animal (Food producing & Companion) - Global Forecast to 2026" The global animal antimicrobials and antibiotics market is projected to reach USD 5.6 billion by 2026 from USD 4.7 billion in 2021, at a CAGR of 3.6% from 2021 to 2026. Market growth can largely be attributed to the rising demand for animal-derived food products, increasing incidence of zoonotic diseases, and the implementation of regulations to prevent the spread of animal diseases. Rising animal healthcare spending and the growing demand for pet insurance are further expected to drive the growth of this market. The untapped emerging markets such as China, India, and Brazil and growth in the overall companion animal population are also expected to offer significant growth opportunities to market players in the coming years
- Published: March 2021
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Non-Woven Adhesives Market worth $3.5 billion by 2025
The report "Non-Woven Adhesives Market by Technology (Hot-melt), Type (SBC, APAO, EVA), Application (Baby Care, Feminine Hygiene, Adult Incontinence, Medical), and Region - Global Forecast to 2025", is projected to reach USD 3.5 billion by 2025, at a CAGR of 8.5% between 2020 and 2025, from USD 2.3 billion in 2020. Non-woven adhesives are used for the adhesion of non-woven fabrics, hygiene, and disposable products. These adhesives are manufactured using base polymers and tackifiers. Tackifiers are petroleum/hydrocarbon-based and are made from bio-based ingredients. Non-woven adhesives are used extensively in various products such as baby diapers, training pants, feminine hygiene, adult incontinence, and tissue, towel & napkin. The adhesive is placed in a fluid medium with an absorbent held within the disposable material, and on cooling, it provides the required adhesion or bonding. Non-woven adhesives have high elasticity and excellent bonding strength.
- Published: March 2021
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IoT Sensors Industry worth $70.1 billion by 2029
The report "IoT Sensors Market by Sensor Type (Pressure, Temperature, Humidity, Image, Inertial, Gyroscope, Touch), Network Technology (Wired and Wireless), Vertical (Commercial IoT and Industrial IoT) and Region - Global Forecast to 2029" The global IoT sensors industry size is projected to grow from USD 16.0 billion in 2024 to USD 70.1 billion by 2029; it is expected to grow at a CAGR of 34.4% from 2024 to 2029.With the increasing internet penetration rate, IoT is finding applications in retail, consumer electronics, agriculture, automotive, transportation, and other verticals. The continuously increasing number of Internet users worldwide is expected to drive the demand for high-speed, low-cost IoT technology-based devices such as radio frequency identification (RFID) tags, barcode scanners, and mobile computers. This would result in an increased demand for sensors.
- Published: March 2021
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Enterprise Mobility Management Market worth $63.6 billion by 2026
The report "Enterprise Mobility Management Market by Component, Solution (Mobile Device Management, Mobile Application Management), Deployment Mode, Organization Size, Vertical (BFSI, Manufacturing), and Region - Global Forecast to 2026", size is expected to grow from USD 16.6 billion in 2020 to USD 63.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 25.1% during the forecast period. EMM is a software solution used by enterprises to manage, monitor, and secure mobile devices, such as smartphones, laptops, and tablets, across all mobile platforms in an organization. EMM is also used to optimize the security and functionality of connected devices in enterprises, while simultaneously protecting the organization’s network.
- Published: March 2021
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CNG & LPG Vehicle Market worth 4,389 thousand units by 2026
The report "CNG & LPG Vehicle Market by Vehicle Body Type (Passenger Cars, Three-wheelers & Commercial Vehicles) Fuel Type (CNG & LPG), By Kit type (Venturi & Sequential), By Fitting (OE & Aftermarket), by Engine System Type and by Region - Global Forecast to 2026" The global CNG and LPG vehicle market size is projected to grow from 2,135 thousand units sales in 2021 to reach 4,389 thousand units sales by 2026, at a CAGR of 15.5%.
- Published: March 2021
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Customer Journey Analytics Market worth $25.1 billion by 2026
According to a research report "Customer Journey Analytics Market by Component, Organization Size, Deployment Mode, Data Source, Application (Campaign Management & Product Management), Vertical (BFSI, Retail & eCommerce, & Telecommunications and IT), and Region - Global Forecast to 2026" published by MarketsandMarkets, the global customer journey analytics market size to grow from USD 8.3 billion in 2020 to USD 25.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.3% during the forecast period. Various factors such as the growing need to provide seamless customer experience, a higher focus on better customer engagement strategies through omnichannel, and adoption of advanced analytics solutions to leverage the increasing customer data and reduce customer churn rate, are expected to drive the demand for customer journey analytics solutions and services.
- Published: March 2021
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Blockchain IoT Market worth $2,409 million by 2026
According to a research report "Blockchain IoT Market by Component (Hardware (IoT Sensors & Crypto-Wallets), Software and Platform, and Services), Application (Smart Contract, Security, and Asset Tracking and Management), Organization Size, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets, the global blockchain IoT market size is projected to grow from USD 258 million in 2020 to USD 2,409 million by 2026, at a Compound Annual Growth Rate (CAGR) of 45.1% during the forecast period. The growing need for IoT security, simplified processes supported with transparency and immutability, and high adoption of blockchain-based IoT solutions using smart contracts and AI is expected to surge demand for blockchain IoT market globally.
- Published: March 2021
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Blockchain Supply Chain Market worth $3,272 million by 2026
The report "Blockchain Supply Chain Market by Offering (Platform, Services), Type (Public, Private, and Hybrid and Consortium), Provider, Application (Asset Tracking, Smart Contracts), Enterprise Size, Vertical (FMGC, Healthcare), and Region - Global Forecast to 2026", size to grow from USD 253 million in 2020 to USD 3,272 million by 2026, at a Compound Annual Growth Rate (CAGR) of 53.2% during the forecast period. Increasing popularity of blockchain technology in retail and SCM, growing need for supply chain transparency and rising demand for enhanced security of supply chain transactions are major growth factors for the market. Growing need for automating supply chain activities and eliminating middlemen and rising government initiatives would provide lucrative opportunities for vendors in the blockchain supply chain market.
- Published: March 2021
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Integrated Marine Automation System Industry worth $7.8 billion by 2025
MarketsandMarkets: The "Integrated Marine Automation System Market by Autonomy (Autonomous, Remotely-operated, Partial Automation), Ship Type (Commercial, Defense, Unmanned), End User (OEM, Aftermarket), Solution (Products, Services), System and Region-Global Forecast to 2025", is projected to grow from USD 4.9 billion in 2020 to USD 7.8 billion by 2025, at a CAGR of 10.0% from 2020 to 2025. Some of the major factors driving this market include the increasing global sea trade, improving marine navigational safety resulting in lesser accidents, and growing maritime tourism. The demand for new ships and the retrofitting of existing ships with advanced technologies are expected to grow with increased trade activities. New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency.
- Published: March 2021
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Tablet Coatings Market worth $969 million by 2025
The report "Tablet Coatings Market by Polymer (Cellulosic, Vinyl, Acrylic), Functionality (Delayed Release, Sustained Release), Type (Sugar Coated, Film Coated, Enteric Coated), End User (Pharmaceutical, Nutraceutical), COVID-19 Impact - Global Forecast to 2025", is projected to reach USD 969 million by 2025 from USD 739 million in 2020, at a CAGR of 5.6% during the forecast period. Growth in this market is majorly driven by the growing pharmaceutical industry coupled with the increasing R&D activities taking place in this field. Also, the growing generics market, rapidly growing biopharmaceuticals sector, growing nutraceutical industry, and the rising adoption of orphan drugs are supporting the growth of the market. Additionally, the shifting focus of pharmaceutical manufacturing to emerging markets along with the increasing outsourcing of operations to these countries and the growing biologics and biosimilars industry present significant opportunities for market growth. The rising focus on sports nutrition and the technological advancements taking place in niche market areas also offers significant growth opportunities for players operating in this space. On the other hand, the increasing regulatory stringency regarding the approval of drugs and excipients along with the cost and time-intensive drug development process; the high cost associated with the microencapsulation process and the unfavorable drug price control policies are expected to restrain the growth of this market during the forecast period. Additionally, increasing safety & quality concerns, increasing penetration of counterfeit drugs, changing trade policies among countries and alcohol dose-dumping of sustained-release dosages pose significant challenges to the growth of this market.
- Published: February 2021
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