Press Release

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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