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Mass Notification System Industry worth $65.1 billion by 2029
According to a research report "Mass Notification System Market by Offering (Software, Hardware (Fire Alarm System, Visual Alert Devices, Sirens), Services), Communication, Application (Critical Event Management, Public Safety & Warning), Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for mass notification system is projected to grow from USD 23.8 billion in 2024 to USD 65.1 billion by 2029, at a CAGR of 22.3% during the forecast period. Recognized as a vital component of organizational safety initiatives, mass notification systems streamline safety protocols by swiftly delivering predefined messages that alert individuals to various situations and provide clear safety directives. Whether facing natural disasters or security threats, these systems ensure precise communication, minimizing confusion, and facilitating prompt adherence to safety procedures. Integration of mass notification systems empowers organizations to effectively address risks, prioritizing the well-being of personnel and safeguarding assets. Serving as a fundamental pillar in fortifying safety endeavors, these systems elevate overall preparedness and reinforce efficient crisis management strategies.
- Published: April 2024
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US Fraud Detection and Prevention (FDP) Market worth $13.36 billion by 2029
According to a research report "US Fraud Detection and Prevention (FDP) Market by Offering (Solutions (Fraud Analytics, Authentication, and GRC) and Services (Professional and Managed)), Fraud Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2029" published by MarketsandMarkets, the US FDP market size is projected to grow from USD 6.50 billion in 2024 to USD 13.36 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period. FDP in the US is speeding in response to an unprecedented increase in digital transactions, as companies rapidly adopt digital wallets and immediate payment systems. In 2023, digital wallet adoption among U.S. businesses increased by 31% to 62%, with 86% of organizations reporting utilizing one or more quicker or immediate payment services. This shift, driven by the desire for cost savings, faster fund access, and a better customer experience, has also exposed businesses to more sophisticated fraud risks. As businesses embrace embedded payments and real-time transfers, they face increasing challenges such as high transaction costs (44%), slow payment processing (35%), and a lack of automation (30%), all of which are potential vulnerabilities for fraudsters to exploit. This changing threat landscape is driving enterprises to use AI and ML-powered solutions to identify fraud in real time and safeguard payment infrastructures. The growing use of digital technology, along with the complexity of modern crime, makes advanced fraud prevention a strategic need rather than a necessity.
- Published: April 2024
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US Customer Data Platform Market worth $6.4 billion in 2028
According to a research report "US Customer Data Platform Market by Type (Data CDP, Analytics CDP, Campaign CDP), Data Channel (Email, Social, Web, Push Messaging), Application (Personalized Recommendations, Predictive Analytics, Risk and Compliance Management) - Global Forecast to 2028" published by MarketsandMarkets, the US customer data platform market is expected to reach USD 6.4 billion in 2028 from USD 1.9 billion in 2024, at a CAGR of 35.9% during the forecast period.
- Published: April 2024
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US Decision Intelligence Market worth $11.0 billion by 2030
According to a research report "US Decision Intelligence Market by Type (Decision Automation, Decision Augmentation, Decision Support System), Business Function (Marketing & Sales, Finance & Accounting (Financial Planning, Cost Optimization), Operations, R&D) - Global Forecast to 2030" published by MarketsandMarkets, the US Decision Intelligence market is expected to reach USD 11.0 billion in 2030 from USD 3.0 billion in 2024, at a CAGR of 23.5% during the forecast period.
- Published: April 2024
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US Predictive Maintenance Market worth $15.2 billion in 2029
According to a research report "US Predictive Maintenance Market Size, by Technology (Analytics, Data Management, AI, IoT Platform, Sensors), Technique (Vibration Analysis, Infrared Thermography, Oil analysis, Motor Circuit Analysis, Acoustic Monitoring) - Global Forecast to 2029", published by MarketsandMarkets, the US predictive maintenance market is expected to reach USD 15.2 billion in 2029 from USD 3.6 billion in 2024, at a CAGR of 32.8% during the forecast period.
- Published: April 2024
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US Speech Analytics Market worth $7.3 billion in 2029
According to a research report "US Speech Analytics Market by Offering (Software by Functionality, Deployment Mode and Services), Business Function (Sales & Marketing, HR), Channel (VOIP & Messaging Platforms, Webinars & Virtual Meetings), Vertical and Region – Global Forecast to 2029" published by MarketsandMarkets, the US Speech Analmarket is expected to reach USD 7.3 billion in 2029 from USD 3.3 billion in 2024, at a CAGR of 17.5% during the forecast period.
- Published: April 2024
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US Physical Security Market worth $38.56 billion by 2028
According to a research report "US Physical Security Market by Component, System (Physical Access Control System, Video Surveillance System, and Perimeter Intrusion Detection and Prevention), Service, Organization Size, Vertical (BFSI and Healthcare), and Region - Forecast to 2028", published by MarketsandMarkets, the US Physical Security Market is projected to reach USD 38.56 billion by 2028 from an estimated USD 32.51 billion in 2023, at a CAGR of 3.5% during the forecast period.
- Published: April 2024
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Rapid Microbiology Testing Market worth $8.3 billion by 2029
The report "Rapid Microbiology Testing Market by Product (Instruments (Automated Identification System, PCR, Mass Spectrometer) Reagent, Kits), Method (Growth, Nucleic Acid, Viability), Application (Clinical Diagnosis, Industrial, Research) - Global Forecast to 2029", is valued at an estimated USD 5.2 billion in 2024 and is projected to reach USD 8.3 billion by 2029 at a CAGR of 10.1% during the forecast period.
- Published: April 2024
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Fire Resistant Tapes Market worth $1.1 billion by 2028
The report "Fire Resistant Tapes Market by Coating Type, Type (Nomex, Acetate, PPS, Glass Cloth, PVC, Polyimide), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive, Aerospace & Defense), & Region - Global Forecast to 2028", is estimated at USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The growth of the Fire Resistant Tapes Market is being driven by a number of factors, including increasing demand from construction applications, increasing usage of fire-resistant materials in various industries, and increasing demand for fire resistant tapes from automotive industry. The high processing and manufacturing cost of fire resistant tapes, lack of standardization in manufacturing technologies could hinder market growth. Technological advancements and innovation, rapid industrialization in developing countries will boost the Fire Resistant Tapes Market.
- Published: April 2024
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Rail Composites Market worth $2.4 billion by 2028
The report "Rail Composites Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin Type (Polyester, Phenolic, Epoxy, Vinyl Ester), Manufacturing Process (Lay-up, Injection Molding, Compression Molding, RTM), Application, & Region - Global Forecast to 2028", is estimated at USD 1.7 billion in 2023 and is projected to reach USD 2.4 billion by 2028, at a CAGR of 7.2% from 2023 to 2028. A composite is manufactured by physically combining two or more materials (components) to produce a blend of structural properties not present in any individual component. Composite those are used in rail interior, exterior, and other components are considered as rail composite. The rail composites market is mainly dominated by glass composites. The market of carbon composite is significantly smaller than that of glass composite, which is the main reason for its oligopolistic market structure.
- Published: March 2024
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Predictive Maintenance Industry worth $47.8 billion by 2029
According to a research report "Predictive Maintenance Market Size, by Technology (Analytics, Data Management, AI, IoT Platform, Sensors), Technique (Vibration Analysis, Infrared Thermography, Oil analysis, Motor Circuit Analysis, Acoustic Monitoring) - Global Forecast to 2029" published by MarketsandMarkets, the market for predictive maintenance is estimated to grow from USD 10.6 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1% during the forecast period. The driving factors for the predictive maintenance market include the widespread adoption of emerging technologies like IoT sensors and data analytics, enabling real-time monitoring of equipment health. The integration of machine learning (ML) and artificial intelligence (AI) algorithms allows for predictive analysis of potential failures, reducing downtime and optimizing asset performance. Organizations are increasingly focused on cost savings and operational efficiency, driving the need for proactive maintenance strategies to minimize unplanned downtime and maximize productivity. Additionally, regulatory requirements and the shift towards predictive analytics-driven decision-making further contribute to the growth of the predictive maintenance market.
- Published: March 2024
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Retail Analytics Industry worth $25.0 billion by 2029
According to a research report "Retail Analytics Market by Software (Predictive Analytics, Prescriptive Analytics), Business Function (Sales and Marketing, Finance and Accounting), Application (CRM, Returns Management, Merchandize Planning), End User and Region - Global Forecast to 2029" published by MarketsandMarkets, the retail analytics market is projected to grow from USD 8.5 billion in 2024 to USD 25.0 billion by 2029, at a compound annual growth rate (CAGR) of 24.0% during the forecast period. The retail analytics market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing increasing adoption of omni-channel retail strategies, exponential growth of e-commerce platforms, and proliferation of data generated through diverse channels is also responsible for driving the market’s growth.
- Published: March 2024
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Automotive Fabrics Market worth $51.4 billion by 2029
The report "Automotive Fabrics Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Trucks, Buses & Coaches), Application (Floor Coverings, Upholstery, Pre-Assembled Interior Companents, Tires, Safety-Belts, Airbags)- Global Forecast to 2029", size is estimated to be USD 40.5 billion in 2024 and is projected to reach USD 51.4 billion by 2029, at a CAGR of 4.9%, between 2024 and 2029.
- Published: March 2024
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Americas Cables Market worth $10.9 billion by 2029
According to a research report "Americas Cables Market by Polymer and Insulation Type (Semiconducting polymer, XLPE, EPR, HEPR, low Voltage Cables), Semiconducting Layer (Inner & Outer Semiconducting layer), Application, Voltage, End User & Region – Global Forecast to 2029" published by MarketsandMarkets, the Americas Cables market is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period.
- Published: March 2024
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Wireless Testing Industry worth $34.1 billion by 2029
The report "Wireless Testing Market by Offering (Equipment, Services), Technology (5G, Bluetooth, Wi-Fi, 2G/3G, 4G/LTE, GPS/GNSS), Application (Consumer Electronics, IT & telecommunication, Medical Devices, Aerospace & Defense) & Region - Global Forecast to 2029" The wireless testing industry size is projected to grow from USD 22.6 billion in 2024 to USD 34.1 billion by 2029, registering a CAGR of 8.6% during the forecast period. The market growth is attributed to Advancements in wireless technology and gowing popularity of automated cars. Furthermore, the adoption of Wi-Fi 6 (802.11ax) and Wi-Fi 6E with enhanced wireless capabilities, including high data rates and improved efficiency is expected to create lucrative opportunities for the market.
- Published: March 2024
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PLGA Market worth $321 Million by 2030
The report "PLGA Market by Composition, Application (Medical, Non-Medical Applications), Processibility (Extrusion, Injection Molding), End-Use Industry (Healthcare, Biotech Firms, Medical Institutions, Packaging, Textile, Agriculture) - Global Forecast to 2030", is projected to reach USD 321 Million by 2030, at a CAGR of 16.6% from USD 125 Million in 2024.
- Published: March 2024
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Image Recognition Industry worth $98.6 billion by 2029
According to a research report "Image Recognition Market by Offering (Hardware, Software, Service), Technology (QR/barcode, Digital Image Processing, Facial Recognition), Application (Scanning & Imaging, Security & Surveillance, Image Search, Augmented Reality) - Global Forecast to 2029" published by MarketsandMarkets, the global image recognition market will grow from USD 46.7 billion in 2024 to USD 98.6 billion by 2029 at a compounded annual growth rate (CAGR) of 16.1% during the forecast period.
- Published: March 2024
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Yeast Industry worth $8.5 billion by 2029
According to a research report "Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotic Yeast), Application (Food, Feed), Form (Fresh, Instant, Active), Genus (Saccharomyces, Kluveromyces), Yeast extract (Qualitative) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global yeast market, estimated to be valued at USD 5.5 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 8.5 billion by 2029, indicating a robust CAGR of 8.9% during the forecast period. The yeast market has experienced significant growth in recent years, driven by the expanding demand for bakery products, alcoholic beverages, and animal feed. With yeast being a crucial ingredient in these sectors, advancements in biotechnology and fermentation processes have enabled manufacturers to produce high-quality yeast strains efficiently.
- Published: March 2024
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Enterprise Video Industry worth $35.8 billion by 2029
According to a research report "Enterprise Video Market by Solutions (Video Conferencing, Video Content Management, Webcasting), Application (Corporate communications, Training & Development, Marketing & Client Engagement), Vertical (BFSI, Telecom, Retail) - Global Forecast to 2029" published by MarketsandMarkets, the Enterprise video market size is expected to grow from USD 23.8 billion in 2024 to USD 35.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period. Some crucial driving factors that leverage market growth include enhanced employee engagement and training, globalization and cross-border communication, integration of AI and analytics in video solutions, and demand for personalized customer experiences, among others.
- Published: March 2024
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Core Materials Market worth $3.0 billion by 2028
The report "Core Materials Market by Type (Foam, Balsa, and Honeycomb), End- use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Region - Global Forecast to 2028", size is 1.6 billion in 2023 and is estimated to reach USD 3.0 billion by 2028, at a CAGR of 13.5%, during the forecast period.
- Published: March 2024
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Optical Transceiver Industry worth $25.0 billion by 2029
According to a research report "Optical Transceiver Market by Form Factor (SFF and SFP; SFP+ and SFP28; XFP; CXP), Data Rate, Wavelength, Fiber Type (Single-mode Fiber; Multimode Fiber), Connector (LC; SC; MPO; and RJ-45), Protocol, Application and Region - Global Forecast to 2029" The optical transceiver industry size is valued at USD 13.6 billion in 2024 and is expected to reach USD 25.0 billion by 2029, growing at a CAGR of 13.0% from 2024 to 2029 The key factors contributing to the growth of the optical transceiver industry include emerging focus on 5G networks, and increasing popularity of bandwidth-intensive applications like virtual reality (VR) and augmented reality (AR). Optical transceivers are uniquely poised to meet the needs of bandwidth-intensive applications such as VR and AR due to their ability to provide high bandwidth and low latency. These devices can efficiently transmit the large volumes of data associated with rendering detailed VR environments or overlaying digital objects onto the real world in AR.
- Published: March 2024
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Electric Heat Tracing Industry worth $4.34 billion by 2029
The report "Electric Heat Tracing Market by Type (Self-regulating, Constant Wattage, Mineral-insulated), Component (Heat Tracing Cables, Control & Monitoring Systems, Thermal Insulation Materials, Power Connection Kits), Vertical - Global Forecast to 2029" The Electric Heat Tracing industry size is projected to grow from USD 2.96 billion in 2024 to USD 4.34 billion by 2029; it is expected to grow at a CAGR of 7.9% from 2024 to 2029. The market's growth is propelled by a rising inclination towards electric heat tracing systems compared to conventional steam tracing methods. Factors like heightened demand for energy-efficient electric heat tracing systems and cost-effectiveness in terms of maintenance contribute significantly to the overall expansion of the electric heat tracing industry.
- Published: March 2024
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Recloser Industry worth $1.5 billion by 2030
According to a research report "Recloser Market by Phase (Three-phase, Single-phase, and Triple Single-phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, air, and epoxy) Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for recloser is projected to reach approximately USD 1.5 billion by the year 2030, as compared to the estimated value of USD 1.1 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 5.0% over the forecast period.
- Published: March 2024
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Cold Chain Industry worth $372.0 billion by 2029
According to a research report "Cold Chain Market by Type, Temperature Type (Chilled, Frozen, and Deep-frozen), Application (Food & Beverages, Pharmaceuticals), Technology( Blast Freezing, Vapor Compression,Programmable Logic Controller) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global cold chain market, valued at USD 228.3 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 372.0 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 10.3% during the forecast period. The growth of the organized retail sector has significantly bolstered the demand for the cold chain market. A report by the Retailers Association of India (RAI) indicates that sales in the organized retail sector surged by 34% in 2022-23 compared to pre-pandemic levels in FY20. This growth was primarily fueled by increased demand in quick-service restaurants, and electronics. Organized retailers, including supermarkets and hypermarkets, require efficient cold chain logistics to preserve perishable goods' quality. This includes fruits, vegetables, bakery, dairy, electronics, and meats. Additionally, changing consumer preferences towards frozen and chilled foods have intensified the need for robust cold chain networks to ensure consistent supply across stores. Stringent food safety regulations further underscore the importance of effective cold chain management in the retail sector.
- Published: March 2024
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Semiconductor & IC packaging materials Market worth $70.9 billion by 2029
The report "Semiconductor & IC Packaging Materials Market by Type (Organic substrate, Bonding wires, Leadframes, Encapsulation resins, Ceramic packages, Die attach materials, Solder balls), Packaging Technology, End-use industry, and Region - Global Forecast to 2029", is 43.9 billion in 2024 and is projected to reach USD 70.9 billion by 2029, at a CAGR of 10.1%.
- Published: March 2024
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Aircraft Landing Gears Industry worth $9.1 billion by 2028
The report "Aircraft Landing Gears Industry by Type (Main Landing Gears, Nose Landing Gears), End User (OEM, Aftermarket), Platform (Fixed-wing, Rotary-wing, Unmanned Aerial Vehicles, Advanced Air Mobility), Subsystem and Region - Global Forecast to 2028" The aircraft landing gears industry is estimated to be USD 7.1 billion in 2023, and projected to reach USD 9.1 billion by 2028, at a CAGR of 5.0% from 2023 to 2028. The aviation industry is experiencing a rise in global air traffic leading to increase in demand for new aircraft. Aircraft manufacturers are focusing on developing lighter and more fuel-efficient landing gear systems. Growth in the military sector is leading to a higher demand for specialized landing gear. These are among some of the factors that are providing growth for the aircraft landing gears market.
- Published: March 2024
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Non-meat Ingredients Industry worth $51.1 billion by 2029
According to a research report "Non-meat Ingredients Market by End-Use Applications (Fresh Meat, Processed and Cured Meats, Marinated, Ready-To-Eat Meat Products, Frozen Meat Products, and Convenience Food), Ingredient Type, Ingredient Source, Form and Region - Global Forecast to 2029" published by MarketsandMarkets, the global non-meat ingredients market, valued at USD 41.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 51.1 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 4.4% during the forecast period. Non-meat ingredients play a pivotal role in differentiating meat products in a crowded market, providing manufacturers with a palette to craft unique flavors and textures. In the fiercely competitive meat industry, where product differentiation is key, non-meat ingredients offer a pathway to stand out. By leveraging non-meat ingredients, manufacturers can create a diverse range of flavors and textures, elevating their products beyond the standard fare and catering to evolving consumer preferences.
- Published: March 2024
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Automotive Ceramics Market worth $3.2 billion by 2028
The report "Automotive Ceramics Market by Material (Alumina Oxide, Titanate Oxide, Zirconia Oxide), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Application (Engine Parts, Exhaust Systems, Automotive Electronics), and Region - Global Forecast to 2028", automotive ceramics market is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD 2.4 billion in 2023 to USD 3.2 billion by 2028. The automotive ceramics demand is rising as the industry prioritizes lightweight and durable materials to boost fuel efficiency, control emissions, and enhance vehicle performance. The increasing embrace of electric vehicles and stringent environmental standards amplify ceramics pivotal role in crucial components such as exhaust systems, engine parts, and automotive electronics. This drives the overall expansion of the market, emphasizing the significance of ceramics in meeting evolving industry requirements.
- Published: March 2024
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Decision Intelligence Industry worth $50.1 billion by 2030
According to a research report "Decision Intelligence Market by Type (Decision Automation, Decision Augmentation, Decision Support System), Business Function (Marketing & Sales, Finance & Accounting (Financial Planning, Cost Optimization), Operations, R&D) - Global Forecast to 2030" published by MarketsandMarkets, the market for decision intelligence is estimated to grow from USD 13.3 billion in 2024 to USD 50.1 billion in 2030, at a CAGR of 24.7% during the forecast period. Several trends fuel the global spread of Design Intelligence (DI). Increasingly affordable computing power allows complex AI models to run efficiently. Businesses see the value of data-driven insights for improving products, operations, and marketing. A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of DI for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
- Published: March 2024
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Microgrid Controller Industry worth $18.7 billion by 2029
The report "Microgrid Controller Market by Connectivity (Grid-connected, Off-grid), Offering (Hardware, Software & Services), End User (Commercial & Industrial, Military, Government, Institutes & Campuses, Healthcare) and Region - Global Forecast to 2029" The microgrid controller industry size is expected to reach USD 18.7 billion by 2029 from USD 6.8 billion in 2024, at a CAGR of 22.6% during the 2024-2029 period. Various companies are investing in microgrid controller which gives an opportunity for growth in the microgrid controller industry. The microgrid controller market is continuously developing, with the presence of multiple players. Americas is likely to contribute significantly to the growth of the microgrid controller industry. Similarly, the Asia Pacific, RoW and Europe regions are expected to be the growing market for the forecasted period.
- Published: March 2024
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Organic Fertilizers Industry worth $13.6 billion by 2029
According to a research report "Organic Fertilizers Market by Source (Plant, Animal, Mineral), Form (Dry and Liquid), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), and Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for organic fertilizers is estimated at USD 7.9 billion in 2024 and is projected to reach USD 13.6 billion by 2029, at a CAGR of 11.5% during the forecast period.
- Published: March 2024
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Silicone Elastomers Market worth $12.3 billion by 2029
The report "Silicone Elastomers Market by Type (HTV, RTV, LSR), Process (Extrusion, Liquid Injection Molding, Injection Molding), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation), & Region - Global Forecast to 2029", size was USD 8.6 billion in 2024 to USD 12.3 billion by 2029, at a CAGR of 7.4% from 2024 to 2029.
- Published: March 2024
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Building Thermal Insulation Market worth $37.0 billion by 2028
The report "Building Thermal Insulation Market by Material (Glass Wool, Stone Wool, Plastic Foam), Application (Roof Insulation, Floor Insulation, Wall Insulation), Building Type (Residential, Non-Residential) & Region - Global Forecast to 2028", is estimated at USD 29.2 billion in 2023 and is projected to reach USD 37.0 billion by 2028, at a CAGR of 4.8%.
- Published: March 2024
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Probiotics Industry worth $105.7 billion by 2029
According to a research report "Probiotics Market by Product Type (Functional Food & Beverages (FnB), Dietary Supplements, and Feed), Ingredient (Bacteria and Yeast), End User (Human and Animal), Distribution Channel and Region - Global Forecast to 2029" published by MarketsandMarkets, the Probiotics market is projected to reach USD 105.7 billion by 2029 from USD 71.2 billion by 2024, at a CAGR of 8.2% during the forecast period in terms of value. The probiotics market is experiencing significant growth due to a growing interest in preventive healthcare among consumers, who perceive probiotics as a natural means to enhance gut health and digestion. Awareness of gut-related issues is increasing, prompting individuals to seek potential relief through probiotic consumption. The demand for functional foods fortified with probiotics is on the rise, expanding the range of probiotic options available to consumers beyond traditional supplements.
- Published: March 2024
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System Integrator Industry worth $40.3 billion by 2029
According to the new market research report "System Integrator Market by Technology (Human Machine Interface, Machine Vision, Industrial Robotics, Industrial PC, IIoT, Distributed Control System, SCADA, PLC), Service Outlook (Consulting, Software Integration Service) - Global Forecast to 2029"The global system integrator is expected to reach USD 40.3 billion in 2029 from USD 29.7 billion in 2024, at a CAGR of 6.3% during the forecast period. The growth of the system integrator market is propelled by the continued adoption of cloud computing in industries, increasing adoption of automation in various sectors, and digitalization across industries. However, interoperability issues and complexity in the integration process restrain the market's growth.
- Published: March 2024
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Sulfur Dust Market worth $1.1 billion by 2028
The report "Sulfur Dust Market by Form (Sublimed and Precipitated), End-use Industry (Agricultural, Rubber Processing, Chemical Processing, Pharmaceutical) and Region (North America, Europe, APAC, MEA, & South America) - Global Forecast to 2028", is projected from USD 1.3 billion in 2023 to USD 1.1 billion by 2028, at a CAGR of -3.0 % during the forecasted period. High demand for sulfur dust comes from various sectors, including agriculture, chemical manufacturing, and pharmaceuticals is expected to drive the sulfur dust market.
- Published: March 2024
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Defense Electronics Obsolescence Industry worth $3.7 billion by 2028
The report "Defense Electronics Obsolescence Market by System (Communication System; Navigation System; Human Machine Interface; Flight Control System; Targeting System; Electronic Warfare System; and Sensors), Type & Region - Global Forecast to 2028" The defense electronics obsolescence market is projected to grow from USD 2.5 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 8.2% from 2023 to 2028. The market growth can be attributed to the rapid technological advancements in defense electronics. The defense electronics obsolescence market includes major players Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Middle East.
- Published: March 2024
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Large Language Model (LLM) Market worth $36.1 billion by 2030
According to a research report "Large Language Model (LLM) Market by Type (Domain-specific (Zero-shot, One-shot, Few-shot), General-purpose, Multilingual), Model Architecture (Autoregressive Language Models, Autoencoding Language Models, Hybrid Language Models) - Global Forecast to 2030" published by MarketsandMarkets, the large language model market is set to experience rapid growth, projected to surge from USD 6.4 billion in 2024 to USD 36.1 billion by 2030, at a CAGR of 33.2% during the forecast period of 2024–2030. The growing imperative for improved communication between humans and machines and escalating demand for automated content creation and curation, increasing accessibility of extensive datasets are driving forces propelling the large language model market forward.
- Published: March 2024
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Vehicle Armor Materials Market worth $9.3 billion by 2029
The report "Vehicle Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Fiberglass, Aramid Fibers), Application (Defense, Para Military, Police, Security Agencies, Personal), and Region (North America, Europe, APAC, ROW) - Global Forecast to 2029", is projected to reach USD 9.3 billion by 2029, at a CAGR of 6.7% from USD 6.7 billion in 2024.
- Published: March 2024
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Optometry Equipment Market worth $6.1 billion by 2029
The report "Optometry Equipment Market by Type (OCT, Ophthalmoscope, Autorefractor, Tonometer, Slitlamp, Wavefront Analyzer), Application (General Examination, Cataract, Glaucoma,), End User (Eye Clinics, Hospitals), and Region - Global Forecast to 2029", is valued at an estimated USD 4.5 billion in 2024 and is projected to reach USD 6.1 billion by 2029, at a CAGR of 6.4% during theK forecast period.
- Published: March 2024
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Ink Additives Market worth $2.9 billion by 2029
The report "Ink Additives Market by Type (Rheology Modifiers, Dispersing & Wetting agents, Foam Control Additives), Technology (Solvent-based, Water-based), Process (Lithographic, Gravure), Application (Packaging, Publishing), & Region - Global Forecast to 2029", was USD 2.3 billion in 2024 and is projected to reach USD 2.9 billion by 2029, at a CAGR of 5.3% between 2024 and 2029. The growth is attributed to the increasing applications, technological advancements in the ink industry, and rising demand from the packaging industry in Asia Pacific, mainly from China, Vietnam, Indonesia, and India.
- Published: March 2024
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Cell Expansion Market worth $26.7 billion by 2029
The report "Cell Expansion Market by Product (Consumables (Media, Sera, Reagents, Vessels), Equipment (Cell Expansion Systems, Bioreactors, Incubators)), Cell Type (Human, Animal (CHO, mESCs)), Application (Vaccines, mAbs, CGT), End User - Global Forecast to 2029", is projected to reach USD 26.7 billion by 2029 from an estimated USD 14.3 billion in 2024, at a CAGR of 13.3% during the forecast period of 2024 to 2029. Some factors contributing to the growth of the global market includes increasing R&D investments in cell based research, growing focus on personalized medicine, and increasing number of strategic alliances for the development of novel therapeutics. However, ethical concern regarding cell biology and high cost of cell based therapeutics are expected to hinder market growth.
- Published: March 2024
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Precision Farming Software Industry worth $3.1 billion by 2029
The report "Precision Farming Software Market by Delivery Model (On-premises, Cloud-based), Application (Yield Monitoring, Field Mapping, Variable Rate Application, Weather Tracking & Forecasting), Service, Technology and Region - Global Forecast to 2029" The Precision Farming Software Industry size is projected to reach from USD 1.7 billion in 2024 to USD 3.1 billion by 2029; it is expected to grow at a CAGR of 12.5% from 2024 to 2029. Precision farming software leverages technological advancements such as artificial intelligence, machine learning, and IoT to provide farmers with cutting-edge tools for decision-making and automation. This integration of advanced technology enhances the effectiveness and efficiency of farming practices, driving further adoption among tech-savvy farmers.
- Published: March 2024
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Rice Husk Ash Market worth $3.2 billion by 2028
The report "Rice Husk Ash Market by Application (Building & Construction, Steel Industry, Silica, Ceramics & Refractory, Rubber), Silica Content (80-84%, 85-89%, 90-94%, and greater than 95%), Process, Product, and Region - Global Forecast to 2028", is projected to grow from USD 2.6 billion in 2023 to USD 3.2 billion by 2028, at a CAGR of 4.5% during the forecast period. The rice husk ash market is expected to be driven by its eco-friendly properties and diverse applications across industries such as construction, ceramics, and agriculture. Growing demand for sustainable materials, coupled with increasing awareness regarding the utilization of agricultural waste, is likely to fuel market growth.
- Published: March 2024
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Medical Robots Market worth $33.8 billion by 2029
The report "Medical Robots Market by Product & Service (Instruments & Accessories, Robotic Systems), Type (Surgical (Soft: General, Gynecological, Urological; Hard: Knee & Hip, Spine), Rehab, Radiosurgery, Hospital & Pharmacy), End User - Global Forecasts to 2029", is projected to reach USD 33.8 billion by 2029 from USD 16.0 billion in 2024, at a CAGR 16.1%.
- Published: March 2024
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Satellite Solar Cell Materials Market worth $96 million by 2030
The report "Satellite Solar Cell Materials Market by Material Type (Silicon, Copper Indium Gallium Selenide (CIGS), Gallium Arsenide (GaAs)), Application (Satellite, Rovers, Space Stations), Orbit (LEO, MEO, GEO, HEO, Polar Orbit), & Region - Global Forecast to 2030", which is expected to reach USD 96 million by 2030 from USD 44 million in 2024 and grow at a CAGR of 13.7%, is important to powering a variety of space missions. While silicon remains the industry leader due to its low cost and known technology, advances in materials such as GaAs, Germanium multi-junction cells promise improved efficiency and radiation resistance. The market meets the diverse requirements of different satellites, ranging from low-cost options for cube satellites to high-performance materials for deep space research. However, issues such as high material costs and the need to balance efficiency, cost, and durability persist. As R&D efforts continue, the future of the satellite solar cell materials market is bright, with advancements in materials science and technology holding the key to unlocking its full potential and powering the next generation of space exploration.
- Published: March 2024
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Exposure Management Industry worth $7.6 billion by 2029
According to a research report "Exposure Management Market by Component (Solutions and Services), Deployment Mode (Cloud and On-premises), Application (Vulnerability Management, Threat Intelligence, Attack Surface Management), End-user Industry and Region - Global Forecast to 2029" published by MarketsandMarkets, the global Exposure Management market size is projected to grow from USD 2.2 billion in 2024 to USD 7.6 billion by 2029 at a CAGR of 28.3% during the forecast period. The expansion of the exposure management market is primarily driven by the escalating complexity and volume of cyber threats, digital transformation expanding organizations' attack surfaces, stringent regulatory and compliance requirements, and the financial and reputational risks of data breaches. Further, the exposure management market sees opportunities in advancing AI and ML for predictive threat analysis, expanding cloud services necessitating robust security, increasing demand for regulatory compliance solutions, and the growing awareness of cybersecurity risks among SMEs, which plays a crucial role in fueling the growth of the exposure management market.
- Published: March 2024
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Monoclonal Antibody (mABs) Therapeutics Market worth $497.5 billion by 2029
The report "Monoclonal Antibody (mABs) Therapeutics Market by Production Method (In-Vitro, In-Vivo), Sources (Human, Chimeric), Route of Administration (Intravenous, Subcutaneous), Therapy (Inflammatory & Autoimmune, Oncology, Hematology) - Global Forecast to 2029", is projected to reach USD 497.5 billion by 2029 from an estimated USD 252.6 billion in 2024, at a CAGR of 14.5% during the forecast period of 2024-2029.
- Published: March 2024
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Aircraft Engine Test Cells Industry worth $4.1 billion by 2028
The report "Aircraft Engine Test Cells Industry by Engine Test (Turbofan, Turbojet, Turboshaft, Piston Engine and Apu), End User (Oems, Mros, Airlines and Operators), End-Use Industry, Point of Sale, Solution Type & Region - Global Forecast to 2028" The aircraft engine test cells industry is projected to grow from USD 3.3 billion in 2023 to USD 4.1 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. The market growth can be attributed to the growing investments in establishing new aircraft engine test facilities. The aircraft engine test cells market includes major players Safran (France), MDS Aero Support Corporation (US), Calspan Corporation (US), Atec, Inc. (US), and CEL (Canada). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World.
- Published: March 2024
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IoT-based Asset Tracking and Monitoring Industry worth $9.2 billion by 2029
The report "IoT-based Asset Tracking and Monitoring Market by Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS, ZigBee, Thread), Monitoring Type (Indoor, Outdoor), Application (Manufacturing, Automotive), Region - Global Forecast to 2029" The global IoT-based asset tracking and monitoring monitoring market size is expected to grow from USD 5.0 billion in 2024 to USD 9.2 billion by 2029, at a CAGR of 12.8% from 2024 to 2029. Machine-to-machine (M2M) applications, such as asset tracking, are on the other extreme of the complexity and sophistication scale, pushing the boundaries of what is technically achievable. The adoption of IoT for asset tracking is based on commercial realities. A delivery vehicle is an example of a typical M2M and asset tracking combination. A wireless transmitter and GPS positioning are combined in an active asset tracking system for fleet management, which offers the vehicle’s real-time location, engine data, and similar status at all times, as well as alerts regarding any attempted heist or tampering with the truck. As the controller in the head office can divert the vehicle to a new pick-up spot or avoid traffic congestion, it also supports increased efficiency.
- Published: March 2024
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