Press Release

Asset Integrity Management Industry worth $31.5 billion by 2029

The report "Asset Integrity Management Market by Service Type (NDT, Risk-based Inspection, Corrosion Management, Pipeline Integrity, Hazard Identification, Structural Integrity Management, Reliability Availability and Maintainability) - Global Forecast to 2029" The global asset integrity management market is expected to be valued at USD 23.9 billion in 2024 and is projected to reach USD 31.5 billion by 2029; it is expected to grow at a CAGR of 5.7% from 2024 to 2029. The asset integrity management market is driven by driven by regulatory compliance, technological advancements, and sector-specific demands.

• Published: April 2024

Progressing Cavity Pump Market worth $3.6 billion by 2029

According to a research report "Progressing Cavity Pump Market by Power Rating (Up To 50 Hp, 51–150 Hp, Above 150 Hp), Pumping Capacity, End-User (Oil & Gas, Water & Wastewater Treatment, Food & Beverage, Food Waste, Biogas, Battery Recycling) and Region - Global Forecast to 2029" published by MarketsandMarkets, the Progressing cavity pump market is anticipated to witness a significant expansion, with the market size projected to reach approximately USD 3.6 billion by 2029, showcasing a Compound Annual Growth Rate (CAGR) of 5.0% from the estimated value of USD 2.8 billion in 2024.  The global market for progressing cavity pumps is indeed witnessing substantial growth, propelled by a multitude of factors that extend its influence across the world. Foremost among these drivers is the ongoing industrialization and urban expansion in emerging economies, which create a burgeoning demand for efficient fluid handling solutions across various sectors. This demand is particularly pronounced in industries such as oil and gas, water and wastewater treatment, food and beverage, chemicals, and mining, where progressing cavity pumps find extensive application due to their versatility and reliability. Additionally, the tightening of environmental regulations and increased emphasis on workplace safety are compelling industries worldwide to invest in advanced pumping technologies like progressing cavity pumps. These pumps not only offer superior performance but also boast environmental sustainability features, aligning with the global trend towards greener and more efficient industrial practices.

• Published: April 2024

Arc-based Plasma Lighting Industry worth $676 million by 2029

The report "Arc-based Plasma Lighting Market by Light Source (Xenon Arc Lamps, Metal Halide Lamps, Deuterium Lamps, Krypton Arc Lamps, Mercury Vapor Lamps), Wattage Type (Below 500 W, 501 to 1500 W, Above 1500 W), Application and Region - Global Forecast to 2029" The global arc-based plasma lighting industry size is projected to grow from USD 616 million in 2024 to USD 676 million by 2029, registering a CAGR of 1.9% during the forecast period.The global arc-based plasma lighting market is driven by several significant factors. Its superior light quality and ability to closely replicate natural sunlight make it highly attractive for a variety of applications, including automotive lighting, cinema projection, spectroscopy, UV applications and searchlight & spotlight. Technological advancements leading to enhanced performance characteristics, such as spectral control and brightness, further stimulate market expansion and innovation. Additionally, the versatility of plasma lighting systems and their capability to operate effectively in challenging environments create opportunities for diverse applications across various sectors, fostering global market growth.

• Published: April 2024

Electric Coolant Pump Market worth $3.9 billion by 2030

According to a research report "Electric Coolant Pump Market by Type (Sealed, Sealless), Sealless (Electrical, Magnetic), Power Output (<150W, 150-200 W, >250 W), 48V & Electric Vehicle Type, Communication Interface (LIN, CAN, PWM), Application and Region - Global Forecast to 2030" published by MarketsandMarkets, the electric coolant pump market is projected to grow from USD 1.9 billion in 2024 to USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period.

• Published: April 2024

Power Tools Industry worth $45.5 billion by 2029

The report "Power Tools Market by Tool Type (Drilling and Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, Routing Tools), Mode of Operation (Electric, Pneumatic, Hydraulic), Application and Region - Global Forecast to 2029" The power tools market is expected to grow from USD 39.5 billion in 2024 to USD 45.5 billion by 2029, at a CAGR of 2.9% during the forecast period. The growth of the construction industry in emerging economies, widespread adoption of battery-powered power tools worldwide, and rising demand for power tools in the automotive sector are significant factors. Furthermore, the development of smart and connected power tools, coupled with the increasing demand for household application power tools, generates opportunities for market growth.

• Published: April 2024

Automotive Filters Market worth $14.6 billion by 2030

According to a research report "Automotive Filters Market by Filters Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, EMI/EMC, Coolant, DPF, GPF, Urea), Vehicle Type, Electric & Hybrid Type, Aftermarket & Region - Global Forecast to 2030" published by MarketsandMarkets, the global automotive filters market is projected to grow from USD 12.9 billion in 2024 to USD 14.6 billion by 2030, at a CAGR of 2.1% from 2024 to 2030.

• Published: April 2024

Ammunition Industry worth $33.1 billion in 2028

The report "Ammunition Industry by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenade, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality and Region - Global Forecast to 2028" The global ammunition industry size is projected to grow from USD 28.0 billion in 2023 to USD 33.1 billion in 2028, at a CAGR of 3.4% from 2023 to 2028. The factors such as the increase in the geopolitical tensions, Growth in military expenditure and arms transfer, change in the nature of warfare, modernization programs undertaken by military forces, militarization of police forces, and rise in drug trafficking globallyare driving factors assisting the growth of the ammunition industry. Apart from its use in defense forces, ammunition also sees increasing importance in commercial and civil applications such as self-defense, sporting, hunting, among others.

• Published: April 2024

Apheresis Market worth $3.9 billion by 2029

The report "Apheresis Market by Product (Device (Centrifugation, Membrane Separation) Disposable), Procedure (Donor, Therapeutic), Application (Plasmapheresis, Plateletpheresis), Technology, End-User (Hospital, Blood Collection Center), Region - Global Forecast to 2029", is valued at an estimated 2.6 billion in 2024 and is projected to reach USD 3.9 billion by 2029, at a CAGR of 8.8% during the forecast period.

• Published: April 2024

Attack Surface Management Industry worth $3.3 billion in 2029

According to a research report "Attack Surface Management Market by Offering (Solutions, Services), Deployment Mode (Cloud, On-premises), Organization Size (Large Enterprises, SMEs), Vertical (BFSI, Healthcare, Retail & E-Commerce) and Region - Global Forecast to 2029" published by MarketsandMarkets, the attack surface management market is forecasted to grow from USD 0.9 billion in 2024 to USD 3.3 billion in 2029 at a (CAGR) of 29.3% during the forecast period. The attack surface refers to all the potential points of entry that attackers can use to infiltrate a system or network. This includes software, hardware, configurations, and even human behavior vulnerabilities. Essentially, the more access points, weaknesses, and gaps in the defenses, the larger the attack surface and the easier for attackers to find a way in. Attack surface management (ASM) aims to provide organizations with a comprehensive awareness of their attack surface. Through ongoing identification and monitoring of potential entry points, ASM facilitates proactive vulnerability management, substantially decreasing overall security risk. ASM is the continuous monitoring, remediation, and reduction of all security risks within an organization's attack surface. The ultimate objective of ASM is to keep the attack surface minimal to reduce the number of options hackers have to breach a network perimeter. It is the ongoing process of identifying, analyzing, prioritizing, and mitigating the cybersecurity risks and potential weaknesses that make up an organization's attack surface.

• Published: April 2024

Hydrogen Storage Tanks and Transportation Market worth $4.4 billion by 2030

According to a research report "Hydrogen Storage Tanks and Transportation Market by Modular Storage (Fuel Storage, Distribution Systems), Application (Vehicles, Railways, Marine, Stationary Storage, Trailers), Tank Type (Type 1, 2, 3, 4), Pressure and Region - Global Forecast to 2030" published by MarketsandMarkets, the global Hydrogen Storage Tanks and Transportation Market is projected to reach USD 4.4 billion by 2030 from an estimated USD 0.3 billion in 2024, at a CAGR of 52.4% during the forecast period.

• Published: April 2024

Payment Gateway Industry worth $48.4 billion by 2029

According to a research report "Payment Gateway Market by Offering (Hosted, Self-Hosted, API-Hosted, Local Bank Integration), Verticals (Retail & E-commerce, BFSI, Travel & Hospitality, IT & ITeS, Telecom, Healthcare, Media & Entertainment, Education) - Global Forecast to 2029" published by MarketsandMarkets, the global payment gateway market size is projected to grow from USD 26.7 billion in 2024 to USD 48.4 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period.

• Published: April 2024

Arc Welding Torch Market worth $3.5 billion by 2029

The report "Arc Welding Torch Market by Wear Parts (Gas Nozzles, Contact Tips, Electrodes), Cooling Type (Air-Cooled, Water-Cooled), End-Use Industries (Automotive, Construction, Power Generation), And Region - Global Forecast to 2029", size is projected to grow from USD 2.7 billion in 2024 and is projected to reach USD 3.5 billion by 2029, at a CAGR of 4.7%. This expansion is primarily fueled by several key drivers. The promising growth in the steel industry and the escalating population and rapid urbanization rates create a robust demand for arc welding torches. Furthermore, emerging economies like China and India are witnessing a surge in demand from various end-use industries, further propelling market growth. Additionally, industrial development in regions such as the Middle East & Africa contributes significantly to market expansion.

• Published: April 2024

Structural Health Monitoring Industry worth $4.1 billion by 2029

The report "Structural health monitoring Market by Offering (Hardware, Software & Services), Technology (Wired, Wireless), Vertical (Civil Infrastructure, Aerospace & Defense, Energy, Mining), Implementation, Application and Region - Global Forecast to 2029" The global structural health monitoring market was valued at USD 2.5 billion in 2024 and is projected to reach USD 4.1 billion by 2029; it is expected to register a CAGR of 10.4% during the forecast period. The rising demand for structural health monitoring (SHM) is fueled by several key drivers. Aging infrastructure worldwide necessitates proactive monitoring to prevent failures, while stringent safety regulations mandate continuous monitoring of critical infrastructure. Technological advancements in sensor technology and data analytics enable more sophisticated SHM solutions, driving adoption. Additionally, cost savings from predictive maintenance, environmental concerns, increasing infrastructure investments, diverse industry applications, and the emphasis on data-driven insights further contribute to the growing demand for SHM systems.

• Published: April 2024

Industrial Vehicles Market worth $56.7 billion by 2030

According to a research report "Industrial Vehicles Market by Vehicle Type (Forklifts, Aisle Trucks, Tow Tractors, Container Handlers), Drive Type (ICE, Battery-operated, Gas-powered), Application, Capacity, Level of Autonomy, & Region - Global Forecast to 2030" published by MarketsandMarkets, the global industrial vehicles market size is projected to grow from USD 43.1 billion in 2024 to USD 56.7 billion by 2030, at a CAGR of 4.6%. Government investments in infrastructure development projects are fueling the growth of the industrial vehicles market on a global scale. Initiatives aimed at modernizing transportation networks, constructing new warehouses, and enhancing logistics capabilities require a robust fleet of industrial vehicles for efficient material handling and transportation operations. As regions prioritize infrastructure improvements to bolster economic growth, the demand for industrial vehicles, including tow tractors and container handlers, is steadily increasing.

• Published: April 2024

Water and Wastewater Treatment Equipment Market worth $87.7 billion by 2029

The report "Water and Wastewater Treatment Equipment Market by Product Type (Filtration, Disinfection, Desalination, Sludge Treatment, Biological), Process (Primary, Secondary And Tertiary), End-User (Municipal, Industrial), And Region -Global Forecast to 2029", is 68.7 billion in 2024 and is projected to reach USD 87.7 billion by 2029, at a CAGR of 5.0%.

• Published: April 2024

Wireless Broadband in Public Safety Industry worth $126.9 billion by 2029

According to a research report "Wireless Broadband in Public Safety Market by Technology (Mobile Wireless Broadband, Fixed Wireless Broadband, Satellite Wireless Broadband), Application (Critical Communication, Geographic Information System) - Global Forecast to 2029 published by MarketsandMarkets, the wireless broadband in public safety market is expected to reach USD 126.9 billion by 2029 from USD 40.2 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period.

• Published: April 2024

Laser Technology Industry worth $29.5 billion by 2029

The report "Laser Technology Market by Laser Type (Solid, Gas, Liquid), Configuration (Fixed, Moving, Hybrid), Application (Laser Processing, Optical Communication), Vertical (Telecommunications, Automotive, Medical, Industrial) and Region - Global Forecast to 2029" The Laser Technology Market is expected to reach USD 29.5 billion by 2029 from USD 20.0 billion in 2024, at a CAGR of 8.0% during forecast period. The significant growth factor associated with the Laser Technology Market growth are the Continuous innovations and advancements in laser technology, The increasing adoption of laser technology across various industries, growing healthcare expenditure, Increasing Adoption of Laser-based Therapies.

• Published: April 2024

Electronic Warfare Industry worth $19.4 billion by 2028

The report "Electronic Warfare Market by Platform (Ground, Naval, Airborne, Space), Capability (Electronic Support, Electronic Attack, Electronic Protection), End-Use, Product (Electronic Warfare Equipment, Operational Support) and Region - Global Forecast to 2028" The Electronic Warfare Industry is valued at USD 10.8  billion in 2023 and is projected to reach USD 19.4 billion by 2028, at a CAGR of 12.5% from 2023 to 2028. Electronic Warfare (EW) encompasses the capability to utilize the electromagnetic spectrum-including signals like radio, infrared, or radar-for sensing, protection, and communication purposes. Simultaneously, EW has the capacity to disrupt, deny, and degrade the adversaries' utilization of these signals. Electronic Warfare (EW) serves as a vital tool for managing the electromagnetic (EM) spectrum, enabling the detection, analysis, and tracking of potential threats. This enables countries and their allies with essential situational awareness necessary for preemptive defensive measures, diplomatic insights, and offensive strategies across all levels, even prior to conflicts emerging. EW facilitates Joint Electromagnetic Spectrum Operations (JEMSO), empowering armed forces to exploit, attack, and safeguard the EM operational environment.

• Published: April 2024

Clinical Communication & Collaboration Market worth $4.82 billion by 2029

The report "Clinical Communication & Collaboration Market by Platform (Voice, Messaging), Component (Badge, Nurse Call, VOIP, Wearable, Alert, Scheduling, Telehealth), Deployment, Communication (Nurse, Lab/Radiology), End User (Hospital, ASC) - Global Forecast to 2029", is projected to reach USD 4.82 billion by 2029 from USD 2.59 billion in 2024, at a CAGR of 13.2%.

• Published: April 2024

Waste Management Market worth $1598.1 billion by 2029

According to a research report "Waste Management Market by Waste Type (Hazardous Waste, E-Waste, Municipal Solid Waste, Medical Waste, Construction & Demolition, Non-Hazardous Industrial Waste), Disposal (Open Dumping, Incineration/Combustionl), Source & Region - Global Forecast to 2029" published by MarketsandMarkets, the global Waste Management Market is projected to reach USD 1598.1 billion by 2029 from an estimated USD 1219.6 billion in 2024, at a CAGR of 5.6% during the forecast period.

• Published: April 2024

Model Based Enterprise Industry worth $27.1 billion by 2029

The report "Model Based Enterprise Market by Offering (Solutions, Services), Deployment Type (On-premise, Cloud), Industry (Aerospace, Automotive, Construction, Power & Energy, Food & Beverages, Life Sciences & Healthcare, Marine), Region - Global Forecast to 2029" The global model based enterprise Industry size is expected to grow from USD 13.6 billion in 2024 to USD 27.1 billion by 2029, at a CAGR of 14.9% from 2024 to 2029. The industrial automation continues to gain traction, which has been changing the economics of manufacturing. The increasing adoption of Industry 4.0 has enabled manufacturers to easily gather and analyze data across machines, as well as create efficient processes to produce higher quality goods at reduced costs. Further, Industry 4.0 fosters the collaboration of various processes in product development, thereby driving the growth of the model based enterprise (MBD) industry.

• Published: April 2024

Communication Test and Measurement Market worth $14.9 billion by 2029

According to a research report "Communication Test and Measurement Market by Type of Test (Enterprise Test, Field Network Test, Lab & Manufacturing Test, Network Assurance Test), by Test Solution (Wireless Test Solution and Wireline Test Solution) - Global Forecast to 2029" published by MarketsandMarkets, the communication test and measurement market size is projected to grow from from USD 9.6 billion in 2024 to USD 14.9 billion by 2029, at a CAGR of 9.1% during the forecast period. With the increasing demand for higher data rates and bandwidth in both consumer and enterprise applications, there's a need for more sophisticated test and measurement equipment capable of accurately assessing the performance of communication networks and devices.

• Published: April 2024

Ethylene oxide and Ethylene Glycol Market worth $51.9 billion by 2029

The report "Ethylene oxide and Ethylene Glycol Market by Product Type (Ethylene Glycol, Ethoxylates, Ethanolamines, Glycol Ethers), Application (Polyester Fibers, Antifreeze & Coolants, PET Resins), End-Use Industries, and Region - Global Forecast to 2029", is expected to grow at a CAGR of 5.5% during the forecast period, from an estimated USD 39.7 billion in 2024 to USD 51.9 billion by 2029. The growth of the ethylene oxide and ethylene glycol market is propelled by various factors. One significant driver is the rising demand from industries like automotive, textiles, and plastics for ethylene glycol, which is used in manufacturing PET resins and antifreeze solutions. Additionally, the increased requirement for ethylene oxide in healthcare sterilization, alongside advancements in production technologies and sustainability practices, continues to drive market expansion. Furthermore, the expanding use of ethylene glycol in emerging economies due to industrial and urban development presents growth opportunities for the market.

• Published: April 2024

Companion Diagnostics Market worth $13.6 billion by 2029

The report "Companion Diagnostics Market By Product (Assays, Kits, Reagents, System, Software & Services), Technology (PCR, NGS, ISH, IHC), Indication (Breast, Lung, Colorectal Cancer, CVD, Infectious, Neurology), Sample Type (Tissue, Blood) - Global Forecast to 2029", the global companion diagnostics market is projected to reach USD 13.6 billion by 2029 from USD 7.5 billion in 2024, at a CAGR of 12.6%.

• Published: April 2024

Human Capital Management Industry worth $41.3 billion by 2029

According to a research report "Human Capital Management Market by Software (Core HR, Workforce Management, HR Analytics, and Applicant Tracking System), Services (Professional Services and Managed Services), Deployment Model, Organization Size - Global Forecast to 2029" published by MarketsandMarkets, the human capital management market is expected to grow from USD 27.5 billion in 2024 to USD 41.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. HCM focuses on optimizing the potential of a company's workforce through strategic HR practices. It transcends borders, harnessing diverse talents worldwide and shaping global enterprises for sustainable growth and competitive advantage. These drive the development of the HCM market.

• Published: April 2024

Digital Printing Packaging Market worth $46.2 billion by 2029

The report "Digital Printing Packaging Market by Printing Ink (Solvent-Based Ink, UV-Based Ink, Aqueous Ink), Printing Technology, Format( Full Color Printing, Variable Data Printing, Large Format Printing), Packaging Type, End-Use Industry - Global Forecast to 2029", The digital printing packaging market is projected to grow from USD 30.2 billion in 2024 to USD 46.2 billion by 2029 at a CAGR of 8.9%. The digital printing packaging market presents abundant opportunities for growth and innovation, driven by evolving consumer preferences, technological advancements, and sustainability imperatives. Opportunities abound in leveraging digital printing technology to offer customized and personalized packaging solutions that resonate with target audiences, enhance brand differentiation, and drive consumer engagement. Furthermore, the adoption of digital printing enables packaging manufacturers to streamline production processes, reduce time-to-market, and respond swiftly to changing market dynamics. With increasing emphasis on sustainable practices, there are also opportunities to develop eco-friendly packaging solutions using digital printing technology, aligning with consumer demand for environmentally conscious products. Overall, the digital printing packaging market offers a fertile ground for companies to capitalize on emerging trends, expand market share, and establish themselves as leaders in the dynamic and evolving packaging industry.

• Published: April 2024

3D Printed Satellite Industry worth $487 million by 2030

The report "3D Printed Satellite Industry by Component (Antenna, Bracket, Shield, Housing and Propulsion), Satellite Mass (Nano and microsatellite, small satellite, medium and large satellite), Application and Region - Global Forecast to 2030" The 3D printed satellite industry is projected to grow from USD 112 million in 2024 to USD 487 million by 2030, at a CAGR of 27.7% from 2024 to 2030. The market has been segmented by satellite mass, components, application, manufacturing technique, and region. The 3D printing satellites industry is primarily driven by factors such as ease in the development of customized products and reduction in manufacturing costs and process downtime.The key players in this market include Maxar Space Systems (US), Boeing (US), 3D Systems (US), Northrop Grumman Corporation (US), and Fleet Space Technologies Pty Ltd (Australia). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World.

• Published: April 2024

Biometrics as a Service in Healthcare Industry worth $1.1 billion by 2028, with a CAGR of 20.7%

The report "Biometrics As a Service in Healthcare Market by Component, Modality (Unimodal, Multimodal), Solution Type (Fingerprint, Iris, Vein Recognition), Application (Patient Identification, Medical Record Security), Region - Global Forecast to 2028", is expected to reach 1.1 billion by 2028 from USD 0.4 billion in 2023, at a CAGR of 20.7% during the forecast period.

• Published: April 2024

Palletizer Industry worth $4.1 billion by 2029

The report "Palletizer Market by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region - Global Forecast to 2029" The Palletizer Industry is expected to reach USD 4.1 billion by 2029 from USD 3.2 billion in 2024, at a CAGR of 5.2% during 2024–2029. The significant growth factors associated with the Palletizer Market growth is the Technological advancements in palletizers, Increased labor costs and demand for automation in various industries, Rising demand for palletizers in e-commerce industry, Increased deployment of robotic palletizers in food & beverages industry.

• Published: April 2024

Hydrogen Cars Market worth 353 Thousand Units by 2035

According to a research report "Hydrogen Cars Market, By Refueling Station Deployment (Asia Pacific, Europe, And North America), Vehicle Type Outlook (Passenger Car, LCV, Bus, And Truck), Technology and Propulsion Analysis (FCEV, FCHEV, And H2-ICEV), And Region – Global Forecast 2035" published by MarketsandMarkets, the hydrogen cars market size is projected to grow from an estimated 23 thousand units in 2024 to 353 thousand units by 2035, at a CAGR of 28.3%.

• Published: April 2024

US Enterprise Asset Management Market worth $2.7 billion in 2028

According to a research report "US Enterprise Asset Management Market by Application (Predictive Maintenance, Facility Management, Asset Lifecycle Management, Labor Management), Vertical (Transportation & Logistics, Education, Energy & Utilities) - Global Forecast to 2028" published by MarketsandMarkets, the US enterprise asset management market is expected to reach USD 2.7 billion in 2028 from USD 1.9 billion in 2023, at a CAGR of 7.1% during the forecast period.

• Published: April 2024

US ESG Reporting Software Market worth $0.71 billion in 2029

According to a research report "US ESG Reporting Software Market by Software (Environmental ESG Reporting Software, Social ESG Reporting Software, Governance ESG Reporting Software), and Services, Vertical (BFSI, Government, Public Sector, and Non-Profit) - Global Forecast to 2029" published by MarketsandMarkets, the US ESG reporting software market is expected to reach USD 0.71 billion in 2029 from USD 0.35 billion in 2024, at a CAGR of 15.2% during the forecast period.

• Published: April 2024

US Fleet Management Market worth $15.2 billion by 2028

According to a research report "US Fleet Management Market Size, Share, Growth Analysis, by Component (Services, Solutions (Operations Management, Vehicle Maintenance & Diagnostics, Performance Management)), Fleet Type (Commercial Fleets, Passenger Vehicles) - Global Forecast to 2028" published by MarketsandMarkets, the US fleet management market is expected to reach USD 15.2 billion in 2028 from USD 10.0 billion in 2024, at a CAGR of 11.3% during the forecast period.

• Published: April 2024

US Automation Testing Market worth $14.45 billion by 2028

According to a research report "US Automation Testing Market by Offering (Testing Types (Static Testing and Dynamic Testing) and Services), Endpoint Interface (Mobile, Web, Desktop, and Embedded Software), Vertical (BFSI, Automotive, IT & ITeS) and Region - Forecast to 2028" published by MarketsandMarkets, the US Automation Testing market is estimated at USD 8.41 billion in 2023 and is projected to reach USD 14.45 billion by 2028, at a CAGR of 11.4% from 2023 to 2028.

• Published: April 2024

US Cloud Storage Market worth $88.6 billion by 2028

According to a research report "US Cloud Storage Market by Storage Type (File Storage, Object Storage, Block Storage), Services (Training & Consulting, Integration & Implementation, Support & Maintenance), Application (Backup & Recovery, Data Archiving) - Global Forecast to 2028" published by MarketsandMarkets, the US cloud storage market is expected to reach USD 88.6 billion in 2028 from USD 42.5 billion in 2023, at a CAGR of 15.8% during the forecast period.

• Published: April 2024

Environment, Health, and Safety Industry worth $11.5 billion by 2029

According to a research report "Environment, Health, and Safety Market by Offering (Software and Services (Analytics, Project Deployment and Implementation, Audit, Assessment, and Regulatory Compliance, Certification)), Application, Vertical & Region - Global Forecast to 2029" published by MarketsandMarkets, the environment, health, and safety market is expected to reach USD 11.5 billion by 2029 from USD 7.9 billion in 2024, at a CAGR of 7.6 % during 2024–2029.  

• Published: April 2024

Modular Construction Market worth $140.8 billion by 2029

The report "Modular Construction Market by Type (Permanent, Relocatable), Module, Material (Wood, Steel, Concrete), End-Use Industry (Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare), Region - Global Forecast to 2029", The global modular construction market size is projected to grow from USD 104.1 billion in 2024 to USD 140.8 billion by 2029, at a CAGR of 6.2% during the forecast period. The modular construction market is growing rapidly due to urbanization, population growth, and the need for faster, more efficient building methods. Technological advancements have enhanced the quality and customization options of modular buildings, making them increasingly popular. Additionally, the focus on sustainability drives the adoption of modular construction, which generates less waste and requires fewer resources compared to traditional methods. However, factors such as lack of awareness and volatility in transportation charges may stall the growth of the market.

• Published: April 2024

Sepsis Diagnostics Market worth $890 million by 2029

The report "Sepsis Diagnostics Market By Technology (Microbiology, PCR, Immunoassay, microfluidics, Biomarker), Product (Media, Reagent, Instrument), Method (Automated), Test (Lab, POC), Pathogen (Bacterial, Fungal), End User & Region - Global Forecast to 2029", is projected to reach USD 890 million by 2029 from USD 634 million in 2024, growing at a CAGR of 7.0% during the forecast period.

• Published: April 2024

Penetration Testing Industry worth $3.9 billion by 2029

According to a research report "Penetration Testing Market by Offering (Solution, Services), Type (Web Applications, Mobile Applications, Network Infrastructure, Social Engineering, Cloud), Organization Size, Deployment Mode, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the global penetration testing market is proliferating, valued at USD 1.7 billion in 2024 and expected to reach USD 3.9 billion by 2029, with a significant % growth rate of 17.1%. The remarkable growth is attributed to several factors, such as cyber threats, which are constantly evolving, becoming more complex, and posing ongoing challenges. Organizations are placing a greater emphasis on cybersecurity, actively fortifying their defenses against various tactics employed by cybercriminals. The rise of remote work and interconnected systems underscores the need for robust penetration testing measures. Stricter regulations like GDPR mandate the adoption of advanced cybersecurity solutions. In this dynamic cybersecurity landscape, penetration testing plays a pivotal role. It simulates real-world cyberattacks, helping organizations identify and address system vulnerabilities before malicious actors exploit them. By proactively identifying weaknesses, penetration testing enhances cyber resilience, strengthening organizations' overall security posture. The growing demand for robust cybersecurity measures, combined with the evolving threat landscape, is propelling the significant growth of the penetration testing market.

• Published: April 2024

IR Spectroscopy Industry worth $1.6 billion by 2029, with a CAGR of 6.5%

According to new market research report "IR Spectroscopy Market by Technology (FTIR, Dispersive IR), Type (Near-infrared Spectroscopy, Mid-infrared Spectroscopy), Product Type (Benchtop Spectroscopes), End-user Industry (Healthcare & Pharmaceutical, Chemicals) - Global Forecast to 2029" The global IR spectroscopy industry was valued at USD 1.2 billion in 2024 and is projected to reach USD 1.6 billion by 2029; it is expected to register a CAGR of 6.5% during the forecast period The rise in demand for IR spectroscopy systems is attributed to the growth in the number of healthcare institutions and clinical research centers, increase in R&D investments in healthcare and pharmaceuticals industry, and continuous technological advancements in IR spectroscopy.

• Published: April 2024

Marine Engines Market worth $15.2 billion by 2029

According to a research report "Marine Engines Market by Engine (Propulsion and Auxiliary), Type (Two Stroke and Four Stroke), Power Range (Up to 1,000 hp, 1,001-5,000 hp, 5,001-10,000 hp, 10,001-20,000 hp, and Above 20,000 hp), Fuel, Vessel and Region - Global Forecast to 2029" published by MarketsandMarkets, the market size for marine engines is projected to reach approximately USD 15.2 billion by the year 2029, as compared to the estimated value of USD 13.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 3.0% over the forecast period.

• Published: April 2024

US Facial Recognition Market worth $2.63 billion by 2028

According to a research report "US Facial Recognition Market by Offering (Hardware, Software Solutions, Services), Application, Organization Size, Deployment Mode (Cloud, On-premises), Vertical (BFSI, Government, Retail & E-commerce), and Region - Global Forecast to 2028" published by MarketsandMarkets, the US Facial Recognition market size is projected to grow from USD 1.45 billion in 2023 to USD 2.63 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. The increasing security needs in today's world and the need for high-tech surveillance systems have increased the use of facial recognition. It is primarily used in high-security locations like Airports, Law Enforcement, Identity Verification and Critical infrastructure. Facial recognition helps in enhancing security procedures and reducing processing time. In public spaces, it monitors people in densely populated areas, avoiding security breaches, and in critical infrastructure, it provides an additional layer of identification and tracking. Concerning human-driven traditional security systems, facial recognition-based intelligent surveillance systems automatically recognize individuals and issue real-time notifications for greater efficiency, minimizing the involvement of humans and decreasing operational expenses.

• Published: April 2024

Diagnostic Contract Manufacturing Market worth $44.9 billion by 2028

The report "Diagnostic Contract Manufacturing Market by Device (In Vitro Diagnostic Devices and Diagnostic Imaging Devices), Service (Device Development & Manufacturing, Quality Management, and Packaging & Assembly), Application, Region - Global Forecast to 2028", is projected to reach USD 44.9 billion by 2028 from USD 26.0 billion in 2023, at a CAGR of 11.5% during the forecast period. The growth of this market is majorly driven by rising demand for early diagnosis and widening clinical applications scope and growth opportunities in emerging economies with favorable manufacturing conditions and labor costs.

• Published: April 2024

Non-dispersive Infrared (NDIR) Industry worth $965 million by 2029

According to a research report "Non-dispersive Infrared (NDIR) Market by Gas Type (Carbon Dioxide, Hydrocarbons, Refrigerant, Acetylene, Ethylene, Sulphur Hexafluoride, Carbon Monoxide, Anesthetic, VOCs, Hydrogen Sulphide, Chlorine), Product (Fixed, Portable) - Global Forecast to 2029" The NDIR Industry Size is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029; it is expected to grow at a CAGR of 7.2% during the forecast period.

The increasing demand for NDIR gas sensors in industries like automotive & transportation, industrial & manufacturing, food & beverages etc is fuelling NDIR Industry growth. Restraints such as intense pricing pressure resulting in decreased average selling price hinder market growth. However, factors such as growing adoption of gas sensors in consumer electronics provide lucrative opportunities for market players in coming years.

• Published: April 2024

Fake Image Detection Industry worth $3.9 billion by 2029

According to a research report "Fake Image Detection Market by Offering (Solutions and Services), Target User, Technology, Application, Deployment Mode (On-premises and Cloud), Organization Size (Large Enterprises and SMEs), Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the Fake image detection market size is projected to grow from USD 0.6 billion in 2024 to USD 3.9   billion by 2029 at a Compound Annual Growth Rate (CAGR) of 41.6% during the forecast period. The key driver for the adoption of fake image detection solutions lies in the imperative to mitigate potential legal liabilities and reputational risks. With the increasing sophistication of image manipulation tools and the rapid spread of fake images across various online platforms, organizations face heightened scrutiny and potential legal consequences for inadvertently disseminating or failing to detect such content. Therefore, the adoption of robust detection technologies serves to protect users from misinformation and shields organizations from legal liabilities, regulatory sanctions, and damage to their brand reputation, thereby encouraging proactive investment in fake image detection solutions.

• Published: April 2024

FEP Heat Shrink Medical Tubing Market worth $208 million by 2029

The report "FEP Heat Shrink Medical Tubing Market by Heat Shrink Ratio (1.3:1, 1.6:1. 2:1 & above), Application (Catheter Delivery Devices, Surgical & Vascular Instruments, Fixing Flexible Joints, Electrical Insulation), Product Type, Region - Global Forecast to 2029", is estimated to be USD 145 million in 2024, and it is projected to reach USD 208 million by 2029 at a CAGR of 7.4%. The growth of the FEP HEAT SHRINK MEDICAL TUBING market is primarily driven by the growing surgical instrument market which helps to generate the demand for FEP heat shrink medical tube across the industry. Apart from this, the increasing demand for microcatheters also helps to drive the market. Elevated prices of FEP heat shrink medical tube as compared to conventional heat shrink medical tube, becomes the main restraining factor in this market. However, the rising government expenditure for the development of advanced health care infrastructure, provides lucrative opportunities for FEP heat shrink medical tube producers. Infections & complications associated with catheter usage, and high cost of producing & marketing medical tubing products, are the major challenge of this market.

• Published: April 2024

US Digital Identity Solutions Market worth $34.03 billion by 2030

According to a research report "US Digital Identity Solutions Market by Hardware (RFID Reader & Encoder, Hardware-Based Tokens, Processor ID Cards), Solution type (Identity Verification, Authentication, Identity Lifecycle Management) - Forecast to 2030" published by MarketsandMarkets, the US Digital Identity Solutions market size is projected to grow from USD 11.89 billion in 2024 to USD 34.03 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period. An expansion in US internet usage has led to the increasing demands for protected digital identity platforms because businesses together with end-users required protected online transactions along with secure credentials. The rise of privacy issues stimulates government-backed smart infrastructure and smart cities initiatives which drive market expansion due to digital identity implementation. Organizations now need to implement thorough identity verification systems due to the California Consumer Privacy Act (CCPA) which ensures consumer data control. Through federal financial support of digital identity programs the market experiences accelerated innovation while ensuring easy and secure authentication processes in multiple sectors thus developing market strength.

• Published: April 2024

US Identity Verification Market worth $21.8 billion by 2028

According to a research report "US Identity Verification Market by Offering (Solutions and Services), Type (Biometric and Non-Biometric), Organization Size, Deployment Mode, Application, Vertical (BFSI, Retail & eCommerce, and Gaming & Gambling), and Region - Global Forecast to 2028" published by MarketsandMarkets, the US identity verification market size is projected to grow from USD 10.9 billion in 2023 to USD 21.8 billion by 2028 at a compound annual growth rate (CAGR) of 14.9% during the forecast period. The rising prevalence of digital fraud in the US has led to a significant increase in the use of identity verification measures. According to the FTC, consumers reported losing a record USD 10 billion to fraud in 2023, a 14% increase from the year before. As a result, industries like banking, fintech, and e-commerce are implementing cutting-edge security measures like biometric authentication and AI-driven fraud detection. For instance, large banks have integrated facial recognition and behavioral biometrics to enhance security protocols. In many industries, real-time identity validation drives the need for trustworthy verification solutions.

• Published: April 2024

Nurse Call Systems Market worth $4.0 billion by 2029

The report "Nurse Call Systems Market by Type (Button-based, Integrated Communication, Intercom, Mobile System), Technology (Wired, Wireless), Application (Alarm & Communication, Workflow Optimization, Wanderer Control, Fall Detection) - Global Forecast to 2029", is valued at an estimated USD 2.5 billion in 2024 and is projected to reach USD 4.0 billion by 2029 at a CAGR of 10.2% during the forecast period.

• Published: April 2024

Kombucha Market worth $5.9 billion by 2029

According to a research report "Kombucha Market by Product Type (Hard, Conventional), Type (Natural, Flavored), Nature (Organic, Inorganic), Packaging (Bottle, Can), Distribution Channel & Region - Global Forecast to 2029" published by MarketsandMarkets, the global kombucha market is estimated at USD 2.4 billion in 2024 and is projected to reach USD 5.9 billion by 2029, at a CAGR of 19.4% during the forecast period. The global kombucha market has witnessed remarkable growth in recent years, driven by factors Such as increasing consumer awareness regarding the health benefits associated with kombucha consumption, such as improved digestion, boosted immune system, and detoxification properties, which are driving demand. Additionally, the rising trend of healthier beverage options and the shift towards natural and organic products are further fueling market growth. Furthermore, the availability of a wide range of flavors and variants catering to diverse consumer preferences is expanding the consumer base. Moreover, the growing emphasis on sustainability and eco-friendly production methods in the beverage industry encourages the adoption of kombucha, as it is often perceived as a more environmentally friendly option than traditional carbonated soft drinks.

• Published: April 2024