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Home › Press Releases
Press Releases
Title | Date |
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Machine Condition Monitoring Industry worth $4.7 billion by 2029According to the new market research report "Machine Condition Monitoring Market by Technique (Vibration Monitoring, Thermography, Oil Analysis, Ultrasound Emission), Offering (Vibration Sensors, Infrared Sensors, Spectrometers, Corrosion Probes, Spectrum Analyzers), Region - Global Forecast to 2029" The global machine condition monitoring market size is expected to grow from USD 3.1 billion in 2024 to USD 4.7 billion by 2029, at a CAGR of 8.3% from 2024 to 2029. Cloud technology enables access to maintenance data anywhere in the world through devices such as personal computers, tablets, or smartphones. This data is available to any stakeholder with approved access, including third-party analysts, without requiring any additional expensive infrastructure. Cloud computing reduces operating costs and ensures easy data maintenance. It offers data flexibility and provides unlimited storage and secure networking options. Thus, the advent of cloud computing platforms with a significant focus on cyber security is expected to fuel the growth of the machine condition monitoring market. ...... Read More |
January 5, 2024 |
Managed SIEM Services Industry worth $16.0 billion by 2028According to a research report "Managed SIEM Services Market by Application (Log Management and Reporting, Threat Intelligence, Security Analytics), Type (Fully Managed, Co-Managed), Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the global managed SIEM services market is estimated to be worth USD 7.5 billion in 2023 and is projected to reach USD 16.0 billion by 2028, at a CAGR of 16.3% during the forecast period. The accelerated growth of the managed SIEM services industry is propelled by an amalgamation of factors, including the relentless evolution of cyber threats, the imperative for organizations to fortify their digital defenses, and the increasing complexity of IT infrastructures. This surge in demand is further intensified by a global shortage of skilled cybersecurity professionals, prompting businesses to turn to managed services for expert assistance. Additionally, the advent of technologies like artificial intelligence and machine learning in SIEM solutions drives the market forward, enhancing the efficiency of threat detection and response. Furthermore, the rise in remote work and the expanding attack surface due to the proliferation of connected devices contribute to the heightened need for proactive security measures; positioning managed SIEM services as a strategic imperative for organizations aiming to safeguard their digital assets in an ever-evolving threat landscape. ...... Read More |
January 5, 2024 |
Workplace Safety Industry worth $30.3 billion by 2028According to a research report "Workplace Safety Market by Component (Hardware, Software & Services), System (Real-Time Location Monitoring, Environmental Health & Safety, Access Control & Surveillance System), Application, Deployment Mode, End User and Region - Global Forecast to 2028" published by MarketsandMarkets, the global workplace safety market size is projected to grow from USD 15.7 billion in 2023 to USD 30.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. The expansion of the workplace safety market is propelled by the transformative influence of cloud technology on software deployment. The integration of software-as-a-service models, leveraging mobile and cloud technologies, not only optimizes costs but also ensures budgetary compliance, thereby fueling global market growth. Strict regulations from entities such as OSHA and international bodies like the ILO are compelling organizations to adopt advanced workplace safety solutions in response to the pressing issue of work-related deaths. ...... Read More |
January 4, 2024 |
Pharmaceutical Excipients Market worth $13.9 billion by 2028The report "Pharmaceutical Excipients Market by Product (Organic (Oleochemicals, Carbohydrates) Inorganic (Calcium Carbonate), Functionality (Fillers, Binders, Lubricants, Diluents), Formulation (Oral, Parenteral), Application (Stablizers) - Global Forecast to 2028", is projected to reach USD 13.9 billion by 2028 from USD 10.0 billion in 2023, at a CAGR of 6.8% during the forecast period of 2023 to 2028. ...... Read More |
January 4, 2024 |
Manufacturing Execution Systems Industry worth $23.0 billion by 2029According to a research report "Manufacturing Execution Systems Market by Offering (Software, Services), Deployment (On-premises, On-demand, Hybrid), Process Industry (Oil & Gas, Pharmaceuticals & Life Sciences), Discrete Industry (Automotive, Aerospace) - Global Forecast to 2029" The Manufacturing Execution Systems Market is expected to reach USD 23.0 billion by 2029 from USD 14.9 billion in 2024, at a CAGR of 9.2% during 2024 – 2029. The significant growth factor associated with the Manufacturing Execution Systems Market growth is the increasing implementation of industrial automation in both process and discrete industries, the growing importance of adhering to regulatory requirements, the increasing demand for operational efficiency, and the increasing complexity of manufacturing processes. The manufacturing execution systems market is witnessing significant growth because widespread adoption of Industry 4.0 principles and smart manufacturing strategies. ...... Read More |
January 4, 2024 |
Future of E-fuels Market worth $44.0 billion by 2035According to a research report "Future of E-fuels Market by Renewable Source (Solar, Winds), Fuel Type (E-Methane, E-Kerosene, E-methanol, E-Ammonia, E-Gasoline), State (Gaseous, Liquid), End-Use Application (Transportation, Power Generation) & Region - Global Forecast to 2035" published by MarketsandMarkets, the global e-fuel demand is expected to grow to USD 44.0 billion by 2035, up from USD 4.9 billion in 2024, at a CAGR of 22.1 % during the forecast period. Demand for e-fuels is increasing due to their ability to reduce carbon emissions and ease energy storage difficulties. E-fuels, or synthetic fuels created from renewable energy, offer a solution to decarbonize industries that rely heavily on liquid fuels, such as transportation and aviation. They may store excess renewable energy and offer a carbon-neutral solution for difficult-to-electrify applications such as heavy-duty vehicles, shipping, and industrial operations. Because of their adaptability, e-fuels are an important component of efforts to reduce greenhouse gas emissions and transition to more sustainable energy solutions, supporting their growing demand in sectors seeking carbon neutrality and energy security. ...... Read More |
December 29, 2023 |
Artificial Intelligence in Cybersecurity Industry worth $60.6 billion by 2028According to a research report "Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Solution, and Service), Security Type, Technology (ML, NLP, Context-Aware and Computer Vision), Application (IAM, DLP, and UTM), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the global market for Al in Cybersecurity is projected to grow from USD 22.4 billion in 2023 to USD 60.6 billion by 2028, at a CAGR of 21.9% during the forecast period. The surge in artificial intelligence (AI) technologies like natural language processing (NLP) and machine learning (ML) is vital for enhancing cybersecurity. With an increase in cyberattacks on tech firms, defense, and government agencies, the demand for advanced AI solutions has grown. Cyber AI, particularly in behavioural biometrics, is crucial for proactive threat protection. ML algorithms are a top priority for industry players to strengthen security intelligence. The banking sector, facing rising privacy concerns, emphasizes the significance of AI-based cybersecurity. As cyber threats evolve, the market is expected to expand, especially driven by demand from small- and medium-sized enterprises (SMEs). ...... Read More |
December 22, 2023 |
Managed DNS Market worth $1.3 billion by 2028According to a research report "Managed Domain Name System (DNS) Market by DNS Service, DNS Server (Primary Servers and Secondary Servers), Cloud Deployment, End User, Enterprise (BFSI, Retail & eCommerce, Media & Entertainment, Healthcare) and Region - Global Forecast to 2028" published by MarketsandMarkets, the managed DNS market size is projected to grow from USD 0.6 billion in 2023 to USD 1.3 billion by 2028, at a CAGR of 18.1% during the forecast period. The migration of applications and services to the cloud has led to increased demand for DNS solutions that seamlessly integrate with cloud environments. Managed DNS can provide the scalability and flexibility needed in cloud-based infrastructures. ...... Read More |
December 21, 2023 |
Wood-plastic Composites Market worth $11.9 billion by 2028The report "Wood-plastic Composites Market by Type (Polyethylene, Polyvinylchloride, propylene), Application (Building & construction Products, Automotive Components, Industrial & Consumer Goods), & Region (North America, Europe, APAC, MEA) - Global Forecast to 2028", is estimated at USD 7.5 billion in 2023 and is projected to reach USD 11.9 billion by 2028, at a CAGR of 9.8% from 2023 to 2028. Wood-plastic composites are composite materials made of fine wood fibers or wood flour mixed with thermoplastics. Wood fibers or wood flour are mixed with thermoplastic such as polyethylene (PE), polyvinyl chloride (PVC), polypropylene (PP), along with the additives that include pigments, blowing agents, and lubricants, among others, that are processed to produce wood-plastic composites. Additives are used to provide physical and mechanical properties to the polymer matrix. In terms of finished products, wood-plastic composites appear in two forms; one is either pellets that can be used as a feedstock for extrusion or injection molding process, and another is as a wood-plastic composite lumber or timber. Wood-plastic products can also be produced from either new or recycled thermoplastics materials. ...... Read More |
December 21, 2023 |
Food Additives Industry worth $96.3 billion by 2028According to a research report "Food Additives Market by Type (Emulsifiers, Hydrocolloids, Preservatives, Dietary Fibers, Enzymes, Sweeteners, Flavors), Source (Natural, Synthetic), Form, Application (Food, Beverages), Functionality and Region - Global Forecast to 2028" published by MarketsandMarkets, the Food additives market is projected to reach USD 96.3 billion by 2028 from USD 73.4 billion by 2023, at a CAGR of 5.6% during the forecast period in terms of value. The food additives market is experiencing growth due to increasing consumer demand for natural and clean-label products, the expansion of the food and beverage industry, and technological advancements in food processing. ...... Read More |
December 21, 2023 |
Military Transmit and Receive Module Industry worth $7.7 billion by 2028The report "Military Transmit and Receive Module Market by Type (Gallium Nitride, Gallium Arsenide), Application, Frequency (Single-Band and Multi-Band), Communication Medium (Optical, RF and Hybrid), Platform and Region - Global Forecast to 2028" The Military transmit and receive module market size is projected to grow from USD 5.8 billion in 2023 to USD 7.7 billion by 2028, at a CAGR of 5.8% from 2023 to 2028. ...... Read More |
December 21, 2023 |
Hydraulics Industry worth $50.5 billion by 2028The report "Hydraulics Market by Components (Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions), Type (Mobile Hydraulics, Industrial Hydraulics), End User (Construction, Agriculture, Material Handling), Sensors & Region - Global Forecast to 2028" The hydraulics market is expected to grow from USD 42.5 billion in 2023 to USD 50.5 billion by 2028, at a CAGR of 3.5% during the forecast period. The surge in construction projects, the growing need for advanced agricultural machinery, and the rising demand for material-handling equipment are some of the factors driving the hydraulics market. In addition, advancements in smart hydraulic equipment and continual research and technological progress in hydraulic cylinders create opportunities for the growth of the hydraulic market. ...... Read More |
December 21, 2023 |
Global Chemical Industry Outlook 2024: New Opportunities worth USD 165 Billion by 2024 in Chemical IndustryAccording to a research report "Global Chemical Industry Outlook 2024 - Navigating the sustainable and disruptive Horizon of Tomorrow", published by MarketsandMarkets, the Top 7 Chemical sub-industries will grow from USD 2265 billion in 2023 to USD 2411 billion by 2024 at a YoY increase of 8%. These segments will offer new opportunities worth USD 165 billion in 2024 in the form of new technologies, sustainable solutions, new material, and energy transition. ...... Read More |
December 20, 2023 |
Electrolyzers Market worth $57.2 billion by 2030According to a research report "Electrolyzers Market by Technology (Alkaline, Proton Exchange Membrane (PEM), Solid Oxide Electrolyzer, AEM), Application (Energy, Mobility, Industrial, Grid Injection), Power Rating (<500 kW, 500-2,000 kW, >2,000 kW), Region - Global Forecast to 2030" published by MarketsandMarkets, the global electrolyzers market is projected to reach USD 57.2 billion by 2030 from an estimated USD 0.5 billion in 2023, at a CAGR of 97.7% during the forecast period. The growing demand for cleaner fuels is one of the major factors driving the electrolyzers market. Global electrolyzers demand has been increasing gradually due to goals set to achieve net zero emissions in recent years. Governments worldwide are taking proactive measures to establish the necessary infrastructure for the development of green hydrogen, with a notable focus in Asia and the European Union, alongside select American and Middle Eastern nations. The increasing investment and funding landscape have emerged as formidable catalysts propelling the electrolyzer market into a phase of rapid expansion and technological evolution. Nations have incorporated electrolyzer targets into their hydrogen strategies.With the spotlight on green hydrogen intensifying as a linchpin in the roadmap toward a net-zero future which presents a significant opportunity for the electrolyzers market. However, the risks associated with high initial investment for setting up hydrogen production plants and lack of hydrogen infrastructure have hindered the growth of the market in recent years and are expected to restrain the market's growth during the forecast period. ...... Read More |
December 20, 2023 |
Veterinary Imaging Market worth $2.9 billion by 2029The report "Veterinary Imaging Market by Product (Ultrasound (2D, 3D, Doppler), CT, X-Ray, MRI; Contrast Reagent; Software), Modality (Stationary, Portable), Application (Ortho, OB/GYN, Cancer), Animal (Small, Large), End User (Clinic, Hospital) - Forecast to 2029", is valued at an estimated USD 1.9 billion in 2023 and is projected to reach USD 2.9 billion by 2029, at a CAGR of 7.2% during the forecast period. ...... Read More |
December 20, 2023 |
Dairy Processing Equipment Industry worth $14.4 billion by 2028According to a research report "Dairy Processing Equipment Market by Type (Pasteurizers, Homogenizers, Mixers & Blenders, Separators, Evaporators, Dryers, Membrane Filtration Equipment), Mode of Operation (Automatic and Semi-Automatic), Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the global dairy processing equipment industry, valued at USD 10.7 billion in 2023, showcases a significant growth projection, anticipated to reach to USD 14.4 billion by 2028, indicating a steady compound annual growth rate (CAGR) of 6.2% during the forecast period. The growth of the dairy processing equipment market is significantly influenced by the adoption of automation and Industry 4.0 technologies. Integrating automated systems enhances production efficiency, streamlines processes, and reduces labor costs, leading to increased overall productivity. The implementation of Industry 4.0 principles introduces smart manufacturing, data analytics, and real-time monitoring, further optimizing the dairy processing workflow. This technological evolution not only improves operational efficiency but also ensures consistent product quality, meeting the ever-growing demand for dairy products globally. ...... Read More |
December 20, 2023 |
Concrete Admixtures Market worth $25.9 billion by 2028The report "Concrete Admixtures Market by Type (Superplasticizers, Normal Plasticizers, Accelerating Admixtures, Retarding Admixtures, Air-entraining Admixtures), Application (Residential, Commercial, Infrastructure), and Region - Global Forecast to 2028", size was USD 18.6 billion in 2023 and is projected to reach USD 25.9 billion by 2028, at a CAGR of 6.9%, between 2023 and 2028. ...... Read More |
December 20, 2023 |
Hardware Security Modules Industry worth $2.3 billion by 2028The report "Hardware Security Modules Market by Deployment Type (Cloud, On-premise), Type (LAN Based /Network Attached, PCI Based/Embedded Plugins, USB Based/Portable, Smart Cards), Application, Vertical and Region - Global Forecast to 2028" The hardware security modules market is projected to grow from USD 1.2 billion in 2023 to reach USD 2.3 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.5% from 2023 to 2028. ...... Read More |
December 20, 2023 |
Infusion Pump Market worth $26.2 billion by 2029The report "Infusion Pump Market by Product (Devices: Insulin, Volumetric, Syringe, Enteral, Ambulatory, Implantable Pumps; Accessories), Type, Therapy (Chemo/Oncology, Diabetes, Hematology, Pediatrics), Setting (Hospitals, Home care) - Global Forecast to 2029", size is 17.1 billion for 2023 and is projected to reach USD 26.2 billion by 2029, at a CAGR of 7.3% during the forecast period. ...... Read More |
December 19, 2023 |
Defense Cybersecurity Industry worth $49.4 billion by 2028The report "Defense Cybersecurity Market by Offering (Hardware, Software, and Services), Security (Network Security, Endpoint Security, Application Security, Cloud Security), End User (Army, Navy, Air Force), Application and Region - Global Forecast to 2028" The Defense Cybersecurity market is estimated to be USD 36.9 billion in 2023 and is projected to reach USD 49.4 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. Defense cybersecurity refers to the comprehensive set of practices, technologies, and strategies implemented to protect military networks, systems, and sensitive information from cyber threats.In the realm of national security, where warfare has extended into the digital domain, defense cybersecurity plays a pivotal role in safeguarding critical infrastructure, military operations, and classified data. The advantages of a robust defense cybersecurity framework are manifold. ...... Read More |
December 19, 2023 |
Green Preservatives Market worth $1.5 billion by 2028The report "Green Preservatives Market by Type (Natural preservative, Organic Acid, Essential Oil), End-use Industry (Food & beverage, Personal Care & Cosmetic, Industrial Cleaning, Household Cleaning, Pharmaceutical), and Region - Global Forecast to 2028", size was USD 1.1 billion in 2023 to USD 1.5 billion by 2028, at a CAGR of 7.1% from 2023 to 2028. ...... Read More |
December 19, 2023 |
Cable Blowing Equipment Industry worth $136 million by 2028The report "Cable Blowing Equipment Market by Power Type (Hydraulically Powered, Pneumatically Powered, Electric, Drill-driven), Cable Type (Microduct, Normal Cable) and Region (North America, Europe, Asia Pacific & RoW) - Global Forecast to 2028" The cable blowing equipment market is projected to grow from USD 108 million in 2023 and is estimated to reach USD 136 million by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2028. The growth of the cable blowing equipment market is driven by expansion of fiber optic networks to connect data centers, upgrading aging cable networks with fiber optics networks, increasing penetration of FTTH/FTTB networks, emergence and rapid adoption of 5G technology, and expansion of telecommunications infrastructure in emerging economies. ...... Read More |
December 19, 2023 |
5G NTN Industry worth $23.5 billion by 2028According to a research report "5G NTN Market by Component (Hardware, Software, Services), End-use Industry (Maritime, Aerospace & Defense, Government, Mining), Application (eMBB, URLLC, mMTC), Location (Urban, Rural, Remote, Isolated), Platform and Region - Global Forecast to 2028" published by MarketsandMarkets, the 5G NTN market is expected to reach USD 23.5 billion by 2028 from USD 4.2 billion in 2023, at a CAGR of 40.7 % during 2023–2028. ...... Read More |
December 19, 2023 |
Electric Construction Equipment Market worth $44.8 billion by 2030According to a research report "Electric Construction Equipment Market by Equipment type, Battery Capacity, Battery Chemistry, Power Output, Application, Propulsion, Electric Tractor Market, Electric Construction & Mining Equipment and Region - Global Forecast to 2030" published by MarketsandMarkets, the global electric construction equipment market is projected to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030, at a CAGR of 23.6% from 2023 to 2030 ...... Read More |
December 19, 2023 |
Clinical Alarm Management Market worth $5.4 billion by 2028The report "Clinical Alarm Management Market by Product (Nurse Call Systems; Connectivity/Integration Software - EMR, Central Hubs, Notification/Alert; Ventilators, Patient Monitors, Capnography, Oximeter), Type (Centralized), End User - Global Forecast to 2028", is projected to reach USD 5.4 billion by 2028 from USD 2.7 billion in 2023, at a CAGR of 14.5% during the forecast period. ...... Read More |
December 19, 2023 |
Immersion Cooling Market worth $2.1 billion by 2031The report "Immersion Cooling Market by Type (Single-Phase, Two-Phase), Application (High Performance Computing, Edge Computing, Cryptocurrency Mining), Cooling Fluid (Synthetic Oil, Mineral Oil), Component (Solutions, Services), and Region - Global Forecast to 2031", is projected to grow from USD 0.4 billion in 2023 to USD 2.1 billion by 2031, at a CAGR of 24.1% from 2023 to 2031. The market is witnessing robust growth worldwide due to growing application of immersion cooling technologies for high performance computing and cryptocurrency mining. ...... Read More |
December 18, 2023 |
Tissue Engineering Market worth $8.9 billion by 2028The report "Tissue Engineering Market by Product (Scaffolds (Collagen, Stem Cell), Tissue Grafts (Allograft, Autograft, Xenograft)), Material (Biological, Synthetic), Application (Orthopedics, Dermatology, Wound Care, Cardiovascular) - Global Forecast to 2028", is projected to reach USD 8.9 billion by 2028 from an estimated USD 4.4 billion in 2023, at a CAGR of 15.3% during the forecast period. The growing demand for innovative tissue engineering solutions for the treatment of chronic diseases and for repair and regeneration of tissues and technological developments such as 3D bioprinting is promoting the growth of the tissue engineering market. ...... Read More |
December 18, 2023 |
Marine Onboard Communication and Control Systems Industry worth $12.3 billion by 2028The report "Marine Onboard Communication and Control Systems Market by Type (Communication Systems, Control Systems), Platform (Commercial, Defense), End User (OEM, Aftermarket) and Region (North America, Europe, APAC, MEA, RoW) - Global Forecast to 2028" The Marine Onboard Communication and Control Systems market is valued at USD 8.6 billion in 2023 and is projected to reach USD 12.3 billion by 2028, at a CAGR of 7.3% from 2023 to 2028. The Marine Onboard Communication and Control Systems market is driven by the increasing marine fleet of vessels due to the rise in seaborne trade and Marine tourism. ...... Read More |
December 18, 2023 |
The Global MedTech Industry Outlook 2024The Report "The Global MedTech Industry Outlook 2024", despite the economic uncertainties and post-COVID slump in recent times, MedTech companies have demonstrated strong resilience throughout 2023. The global MedTech industry market size is estimated to grow from USD 642.5 billion in 2023 to USD 668.2 billion by 2024, at a Y-o-Y increase of ~4%. Continued tech innovation, mergers, and acquisitions (M&A), commercialization of new product lines, and emergence of new business models are contributing to the sustained growth of the market. ...... Read More |
December 18, 2023 |
Track and Trace Solutions Market worth $9.8 billion by 2028The report "Track and Trace Solutions Market by Product(Bundle Tracking, Checkweigher, Barcode Scanner, Labeler), Serialization (Carton, Bottle, Blister, Vial), Aggregation (Case, Pallet), Technology (2D Barcode, RFID), End User (Pharma, Food) - Global Forecast to 2028", is projected to reach USD 9.8 billion by 2028 from USD 5.5 billion in 2023, at a high CAGR of 12.2% during the forecast period. ...... Read More |
December 18, 2023 |
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