Press Release

Marine Sensors Industry worth $1.9 billion by 2028

The report "Marine Sensors Industry by Ship Type (Commercial, Defense, UUV), Application (Ballast and Bilge, Fuel and Propulsion, Navigation and Positioning), Enduse (OEM, Aftermarket), Connectivity, Sensor type and Region - Global Forecast to 2028" The Marine Sensors Industry is estimated to be USD 1.4 billion in 2023 to USD 1.9 billion by 2028, at a CAGR of 6.5% from 2023 to 2028. Navies focusing on technologically advanced vessels and increasing demand for maritime transportation are driving the growth of the marine sensors market.

• Published: October 2023

Bookbinding Materials Market worth $9.5 billion by 2028

The Report "Bookbinding Materials Market by Binding Type (Adhesive Bonded, Mechanically Bonded), Material Type (Paper Cover Materials, Leather, Adhesives, Cloth/Fabric/Spine Reinforcing Materials, Cover Boards), Application, & Region - Global Forecast to 2028", is projected to reach a market size of USD 9.5 billion by 2028 from USD 8.5 billion in 2023, at a CAGR of 2.3%. Asia pacific is the one of the largest markets for bookbinding materials. The demand for bookbinding materials is increasing in the Education Books, Hardcover and Softcover Books, Magazines and Catalogs, Diploma Covers and Yearbooks, Journals , and Others. The demand from developing nations, such as China, India, Mexico, Germany, Malaysia, and Brazil are expected to drive the global bookbinding materials market.

• Published: October 2023

Chaos Engineering Tools Market worth $2.9 billion by 2028

According to a research report "Chaos Engineering Tools Market by Component (Tools and Services), Application, Deployment Mode (Public Cloud and Private Cloud), End User, Vertical (IT & ITeS, BFSI, Telecommunications, and Media & Entertainment) and Region - Global Forecast to 2028" published by MarketsandMarkets, the chaos engineering tools market size is expected to grow from USD 1.9 billion in 2023 to USD 2.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period. Modern IT systems have become highly complex, often involving microservices, containers, and cloud-based infrastructure. Chaos engineering tools are essential for testing and improving the resilience of these systems, which is expected to create demand during the forecasted period.

• Published: October 2023

AI Code Tools Market worth $12.6 billion by 2028

According to a research report "AI Code Tools Market by Offering (Tools (Deployment Mode) and Services), Technology (ML, NLP, Generative AI), Application (Data Science & Machine Learning, Cloud Services & DevOps, Web Development), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the market for AI code tools is estimated to grow from USD 4.3 billion in 2023 to USD 12.6 billion by 2028, at a CAGR of 24.0% during the forecast period. AI code tools, also known as artificial intelligence code tools or AI-powered code tools, are software applications and platforms that leverage artificial intelligence and machine learning technologies to assist developers in various aspects of the software development lifecycle. These tools aim to streamline and enhance the coding process by automating repetitive tasks, providing code suggestions and corrections, detecting errors and vulnerabilities, and offering insights into code quality and performance.

• Published: October 2023

Liquid Crystal (LC) Antenna Industry worth $12.3 million by 2028

The report "Liquid Crystal (LC) Antenna Market by Type (Electronically Steered Phase Array Antenna, Metasurface-based Antenna)- Global Forecast to 2028" The LC Antenna Market is expected to reach USD 12.3 million by 2028 from USD 9.1 million in 2023, at a CAGR of 6.2% during the 2023–2028 period.

• Published: October 2023

Rare Earth Metals Leaching Chemicals Market worth $749 million by 2027

The report "Rare Earth Metals Leaching Chemicals Market by Type (Hydrochloric Acid, Sulfuric Acid, Nitric Acid, Ammonium Sulfate, Citric Acid), and Region (North America, Europe, Asia Pacific, Middle East and Africa, South America) - Global Forecast to 2027", size is expected to grow from USD 517 million in 2022 to USD 749 million by 2027 at a compound annual growth rate (CAGR) of 7.7% during the forecast period.  The main factor driving the rare earth metals leaching chemicals market during the forecast period includes the rising demand towards electric vehicles, discovery of new rare earth deposits, and increasing incentives and regulations by government. Also, an increase in interests related to energy efficient options and related technology across the globe is providing momentum to the growth of the market.

• Published: October 2023

Frontline Workers Training Market worth $46.7 billion by 2028

According to a research report "Frontline Workers Training Market by Offering (Solutions (LMS, Microlearning-based Platform), Services), Mode of Learning (Online/E-learning, Offline, Blended Learning), Application, Skillset Type, Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the global market for Frontline Workers Training market is projected to grow from USD  21.9 billion in 2023 to USD 46.7 billion by 2028, at a CAGR of 16.4% during the forecast period. Frontline worker training is instrumental in equipping employees with the essential skills and knowledge for effective job performance. High-quality training investments mitigate performance issues and ensure ongoing customer satisfaction. Leveraging cost-effective online training solutions offers the flexibility to educate the entire team without compromising time and resources. Additionally, augmented reality (AR)-based tools enhance remote teaching, engage students, and enhance learning outcomes. Such innovative solutions play a pivotal role in optimizing training for frontline workers while achieving operational excellence and improving overall service quality.

• Published: October 2023

Medical Device Testing Industry worth $13.5 billion by 2028

The report "Medical Device Testing Market by Service (Testing, Inspection, Certification), Sourcing (In-house, Outsourced), Technology (Active Implant, Active, Non-active, IVD, Ophthalmic, Orthopedic & Dental, Vascular), Class (I, II, III) – Global Forecast to 2028" The global medical device testing industry size is expected to be valued at USD 10.6 billion in 2023 and is projected to reach USD 13.5 billion by 2028; it is expected to grow at a CAGR of 4.9% from 2023 to 2028. The medical device testing industry is fueled by stringent regulatory requirements mandating comprehensive testing for device approval. Additionally, the increasing complexity and technological advancements in medical devices necessitate thorough testing for safety and efficacy.

• Published: October 2023

Human Augmentation Industry worth $545.1 billion by 2028

According to a research report "Human Augmentation Market by Wearable (Wristwear, Bodywear, Footwear, Eyewear), AR (Head-mounted display), VR (Head-up display), Biometric (Fingerprint, Face, Iris), Exoskeleton (Powered, Passive), IVA (Chatbot), Functionality - Global Forecast to 2028" The global human augmentation industry size is expected to be valued at USD 253.6 billion in 2023 and is projected to reach USD 545.1 billion by 2028; it is expected to grow at a CAGR of 16.5% from 2023 to 2028.

The consumer market for human augmentation includes wearables, smart glasses, and other consumer-oriented technologies, leading to increased adoption and market growth. The gaming and entertainment industry is exploring virtual and augmented reality technologies for immersive experiences, contributing to the market's expansion.

• Published: October 2023

RF Signal Chain Component Industry worth $80.0 billion by 2028

According to the new market research report "RF Signal Chain Component Market by Product (Filters, RF Amplifiers, Mixers, Power Dividers, Switches, Couplers, Phase Shifters), Frequency Band (Ku, Ka, L, S,C), Material (Gallium Arsenide, Gallium Nitride, Silicon, Silicon Germanium), Application and Region - Global Forecast to 2028" The global RF signal chain components market size is projected to grow from USD 38.9 billion in 2022 to USD 80.0 billion by 2028;  it is expected to grow at a CAGR of  12.3% from 2023 to 2028.

• Published: October 2023

Polyester Fiber Market worth $151.6 billion by 2028

The report "Polyester Fiber Market by Form (Solid and Hollow), Grade (PET Polyester Fiber and Pcdt Polyester Fiber), Product type (PFY and PSF), Application (Textile & Apparel, Home Furnishing, Automotive), and Region - Global Forecast to 2028", is estimated at USD 102.2 billion in 2023 and is projected to reach USD 151.6 billion by 2028, at a CAGR of 8.2% from 2023 to 2028. The expansion of this market can be ascribed to the rising demand stemming from various applications such as textile, automotive, home furnishing, industrial and others. Additionally, there is a growing appetite for polyester fiber in the construction sector, which is serving as a driving force for the global growth of polyester fiber.

• Published: October 2023

Process Mining Market worth $12.1 billion by 2028

According to a research report "Process Mining Market by Offering (Software (Process Discovery Tools, Conformance Checking Tools), Services), Mining Algorithm (Deep Learning, Sequence Analysis), Data Source (ERP Systems, CRM Systems), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the process mining market is set to experience rapid growth, projected to surge from USD 1.8 billion in 2023 to USD 12.1 billion by 2028, at a CAGR of 45.6% during the forecast period of 2023–2028. This remarkable expansion is driven by a confluence of factors. First and foremost, As businesses grow and expand, their processes become more complex and interconnected. This can make it difficult to understand and manage these processes effectively. Moreover, businesses are adopting digital transformation initiatives to improve their efficiency, agility, and customer experience. Additionally, businesses need to have visibility into and control over their processes in order to operate efficiently and effectively. Process mining can help businesses to gain real-time visibility into their processes, identify bottlenecks and inefficiencies, and take corrective action. In this dynamic landscape, process mining is poised to revolutionize the industry, providing agility, efficiency, and innovation on an unprecedented scale.

• Published: October 2023

CNC Machine Industry worth $80.4 billion by 2028

The report "CNC Machine Market by Offering (Machines, Parts & Accessories, Services), Product Type (Milling Machines, Machining Centers, Lathe Machines, Laser Machines, Drilling Machines, Grinding Machines, EDM Machines), End-User Industry & Region - Global Forecast to 2028" The global CNC Machine market size is projected to grow from USD 67.5 billion in 2023 to USD 80.4 billion by 2028, at a CAGR of 3.5% during the forecast period. Increasing automation in manufacturing industries globally and rising mass production of high-precision components for high-growth industries are driving the market.

• Published: October 2023

Matting Agents Market worth $533 million by 2028

The report "Matting Agents Market by Material (Silica, Waxes, Thermoplastics), Technology (Water-borne, Solvent-borne, Powder, Radiation cure & High Solids), and Application (Industrial, Architectural, Leather, Wood, Printing Inks), & Region - Global Forecast to 2028", size was USD 400 million in 2023 and is projected to reach USD 533 million by 2028, at a CAGR of 5.8%, between 2023 and 2028.

• Published: October 2023

Research Antibodies & Reagents Market worth $16.2 billion by 2028

The report "Research Antibodies & Reagents Market by Product (Antibodies (Type, Form, Source, Research Area), Reagents), Technology (Western blot, Flow Cytometry, ELISA), Application (Proteomics, Genomics), End User (Pharma, Biotech, CROs) - Global forecast to 2028", are projected to reach USD 16.2 billion by 2028 from USD 11.8 billion in 2023, at a CAGR of 6.5% during the forecast period. The rise in outsourcing is a positive development for the research antibodies and reagents market. By outsourcing the development and production of antibodies and reagents, companies can reduce costs, increase efficiency, access expertise, and increase flexibility, thus creating opportunities in the research antibodies and reagents market. Also, an increasing number of local players in emerging markets, such as China, India, and Mexico, are offering their research antibodies and reagents products at lower prices than established market players. As a result, the pricing pressure on established players has increased, who are being compelled to adopt competitive pricing strategies to maintain their market shares and this is challenging market growth.

• Published: October 2023

Ethyleneamines Market worth $2.9 billion by 2028

The report "Ethyleneamines Market by Type (Ethylenediamine, Diethylenetriamine, Triethylenetetramine), Application, End Use (Resin, Paper, Automotive, Adhesive, Water Treatment, Agriculture, Pharmaceutical), and Region - Global Forecasts to 2028", size is projected to grow from USD 2.3 billion in 2023 to USD 2.9 billion by 2028, at a CAGR of 4.7%. The ethyleneamines market is witnessing robust growth, driven by a diverse array of end-use industries. This strategic assessment unveils how sectors such as resin, adhesive, paper, automotive, water treatment, and pharmaceuticals collectively act as influential drivers propelling the growth of the ethyleneamines market. The symbiotic relationship between ethyleneamines and these industries underscores their pivotal roles in fostering market expansion.

• Published: October 2023

Industrial Films Market worth $55.8 billion by 2028

The report "Industrial Films Market by Film Type (LLDPE, LDPE, HDPE, PET/BOPET, PP/BOPP, CPP, PVC, Polyamide/BOPA), End-Use Industry (Agriculture, Industrial Packaging, Construction, Medical, Transportation), & Region - Global Forecast to 2028", is estimated to be USD 43.1 billion in 2022 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 4.4% between 2023 to 2028. The rising demand from emerging economies and the growing trend toward sustainability are creating growth opportunities for the industrial films market. However, stringent environmental and government regulations and volatile raw material prices act as restraints to the growth of the global industrial films market.

• Published: October 2023

Flocculant & Coagulant Market worth $12.5 billion by 2028

The report "Flocculant & Coagulant Market by Type (Coagulant, Flocculant), End-Use Industry (Muncipal Water Treatment, Paper & Pulp, Textile, Oil & Gas, Mining), & Region( North America, Asia Paific, Europe , MEA, South America) - Global Forecast to 2028", size is projected to reach USD 12.5 billion by 2028 from USD 10.4 billion in 2023, at a CAGR of 3.8% during the forecast period.

• Published: October 2023

Aerosol Cans Market worth $13.6 billion by 2028

The report "Aerosol Cans Market by Material (Aluminium, Plastic), Product Type (1-piece cans, 3-piece cans), Type (Liquefied Gas, Compressed Gas), End-use Sector (Personal care, Healthcare, Household care), & Region-Global Forecast to 2028", size is estimated to be USD 11.2 billion in 2023, and it is projected to reach USD 13.6 billion by 2028 at a CAGR of 4.0%.

• Published: October 2023

Cystatin C Assay Industry worth $540 million by 2028, with a CAGR of 7.5%

The report "Cystatin C Assay Market by Product (Analyzers, Kits, Reagents), Method (ELISA, PETIA, IFA, CLIA, PENIA), Application (Diagnostics, Research), Sample Type (Blood, Urine), End User (Hospitals, Clinical Laboratories), Region- Global Forecast to 2028", is projected to reach USD 540 million by 2028 from USD 377 million in 2023, at a CAGR of 7.5% during the forecast period

• Published: October 2023

Synthetic Fuels Market worth $70.1 billion by 2030

The report "Synthetic Fuels Market by Fuel Type (Methanol to liquid (MTL), Power to liquid (PTL), Gas to liquid (GTL)), Application (Gasoline, Diesel, Kerosene), End Use (Transportation, Industrial, Chemical ), and Region - Global Forecast to 2030", is projected to grow from USD 48.4 billion in 2023 to USD 70.1 billion by 2030, at a CAGR of 5.4%. The synthetic fuels sector is a rapidly evolving industry that holds increasing significance within the global energy arena. Enhanced global apprehension regarding greenhouse gas emissions and climate change has spurred a heightened attraction towards synthetic fuels as a more environmentally friendly energy option.

• Published: October 2023

Cloud Native Storage Market worth $45.8 billion by 2028

According to a research report "Cloud Native Storage Market by Offering (Solutions and Services), Deployment Mode (Public and Private), Application (Backup & Recovery, Content Delivery & Distribution), Vertical (BFSI, Retail & Consumer Goods) and Region - Global Forecast to 2028" published by MarketsandMarkets, the cloud native storage market is projected to grow from USD 16.0 billion in 2023 to USD 45.8 billion by 2028, at a compound annual growth rate (CAGR) of 23.3% during the forecast period. The cloud native storage market is expected to grow significantly during the forecast period, owing to various business drivers like increased data volumes across enterprises, ease of switching from on-premises to cloud native storage, and increased automation in application updates.

• Published: October 2023

Web 3.0 Market worth $5.5 billion by 2030

According to a research report "Web 3.0 Market by Technology Stack (Infrastructure Layer, Protocol Layer, Utility Layer (CDNs, DEXs, Cryptocurrency), Service Layer (NFTs, DECs), Application Layer (DApps, DeFi, Smart Contract, DAOs), Vertical and Region - Global Forecast to 2030" published by MarketsandMarkets, the global market for Web 3.0 is projected to grow from USD 0.4 billion in 2023 to USD 5.5 billion by 2030, at a CAGR of 44.9% during the forecast period. Web 3.0 signifies a profound shift toward a more decentralized and democratic Internet ecosystem. It has emerged as a prominent buzzword, reflecting the growing interest in restructuring online interactions. Unlike the current internet, Web 3.0 envisions a landscape where power and control are distributed among users through technologies such as blockchain and decentralized autonomous organizations (DAOs). This concept fosters greater individual agency and ownership of digital assets, challenging traditional centralized models. As Web 3.0 continues to gain traction, it promises to reshape online interactions, enabling a more equitable and user-centric internet experience.

• Published: October 2023

Multi-Factor Authentication Market worth $34.8 billion by 2028

According to a research report "Multi-Factor Authentication Market by Authentication Type (Password-Based Authentication, Passwordless Authentication), Component (Hardware, Software, Services), Model Type, End User Industry and Region - Global Forecast to 2028" published by MarketsandMarkets, the global MFA market size is projected to grow from USD 15.2 billion in 2023 to USD 34.8 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period. Growing adoption of BYOD, CYOD, and WFH trends drives the growth of the MFA market. However, a lack of awareness related to MFA among enterprises may hinder market growth.

• Published: October 2023

Veterinary Electrosurgery Market worth $120 million by 2028

The report "Veterinary Electrosurgery Market by Product (Bipolar, Monopolar, Consumables), Application (General, Gynecology, Dental, Orthopedic, Ophthalmic), Animals, End User (Vet. Hospital, Clinic), Key Stakeholder & Buying criteria, Unmet need - Forecast to 2028", is valued at an estimated USD 85 million in 2023 and is projected to reach USD 120 million by 2028, at a CAGR of 7.3% during the forecast period. The demand for veterinary electrosurgery is increasing due to a number of factors, including the growing pet population, the increasing awareness of the importance of preventive care, and the rising disposable incomes of pet owners. There have been a number of technological advancements in veterinary electrosurgery in recent years, such as the development of bipolar electrosurgery generators and computer-controlled electrosurgery generators. These advancements have made electrosurgery a more versatile and effective surgical technique. In addition to this, the growing demand for minimally invasive surgical procedures in veterinary medicine is also driving the growth of the veterinary electrosurgery market.

• Published: October 2023

Cross-linked Polyethylene (PEX) Market worth $11.0 billion by 2028

The report "Cross-linked Polyethylene (PEX) Market by Type (HDPE, LDPE), Technology (PEXa, PEXb, PEXc), End-use Industry (Wires & Cables, Plumbing, Automotive), Region (North America, Europe, Asia Pacific, South America, MEA) - Global Forecast to 2028", is projected to grow from USD 7.6 billion in 2023 to USD 11.0  billion by 2028, recording a CAGR of 7.6% during the forecast period. The expansion of the cross-linked polyethylene (PEX) market can be primarily attributed to the burgeoning automotive sector and the increasing demand for plastic pipes within the solar industry. Notably, the automotive industry stands out as the most rapidly expanding end-user segment for PEX, with an anticipated Compound Annual Growth Rate (CAGR) of 8.0% in terms of market value throughout the forecast period. Asia Pacific is the largest market for PEX owing to the rapid urbanization and continuous investments for industrialization. This dominance is primarily attributed to the region's ongoing urbanization trends and significant investments in industrialization. As urban areas expand, there is a growing requirement for reliable plumbing and infrastructure, which drives the demand for PEX pipes. Moreover, the continuous industrial investments in this region further stimulate the adoption of PEX for various applications, reinforcing its status as the largest PEX market.

• Published: October 2023

Data Loss Prevention Market worth $8.9 billion by 2028

According to a research report "Data Loss Prevention Market by Offering (Solution, Services), Solution Type (Network DLP, Storage DLP, Endpoint DLP, Cloud DLP), Service (Consulting, Managed Security Service), Applications, Vertical and Regions - Global Forecast to 2028" published by MarketsandMarkets, the Data Loss Prevention market size is projected to grow from USD 3.4 billion in 2023 to USD 8.9 billion by 2028, at a CAGR of 21.2% during the forecast period, according to MarketsandMarkets. The DLP solutions mainly focus on the classification and monitoring of data that may be in motion, rest, or at the endpoint, as these solutions provide enterprises with the leverage to stop the numerous leaks of information that occur each day. In other words, the main aim of the DLP solutions is to detect potential data breaches that may occur at different levels.

• Published: October 2023

Plastic Films & Sheets Market worth $182.5 billion by 2028

The report "Plastic Films & Sheets Market by Type (LLDPE, LDPE, HDPE, BOPP, CPP, PVC, PES, PA), Application (Stretch Films, Shrink Films, Bags, Pouches, Wraps), End-use industry (Packaging, Non-packaging), and Region - Global Forecast to 2028", is projected to reach USD 182.5 billion by 2028, at a CAGR of 5.4% from USD 140.0 billion  in 2023.

• Published: October 2023

Food Texture Market worth $18.8 billion by 2028

According to a research report "Food Texture Market by Type (Cellulose Derivatives, Gums, Pectin, Gelatin, Starch, Inulin, Dextrin), Source, Form (Dry, Liquid), Application (Bakery & Confectionery Products, Dairy & Frozen Foods), Functionality and Region - Global Forecast to 2028" published by MarketsandMarkets, the food texture market is projected to reach USD 18.8 billion by 2028 from USD 14.3 billion by 2023, at a CAGR of 5.6% during the forecast period in terms of value. The market for food texturizers is experiencing growth due to the increasing demand for convenience and ready-to-eat food products, especially in the developing world.

• Published: October 2023

Automotive Films Market worth $9.7 billion by 2028

The report "Automotive Films Market by Films Type (Automotive Wrap Films, Automotive Window Films, Paint Protection Films), Application (Interior, Exterior), Vehicle Type (Passenger Vehicles, Commercial Vehicles), and Region - Global Forecast to 2028", is projected to reach USD 9.7 billion by 2028, at a CAGR of 5.7% from USD 7.4 billion in 2023.

• Published: October 2023

Remote Work Security Market worth $136.0 billion by 2028

According to a research report "Remote Work Security Market by Offering (Solutions and Services), Security Type (Endpoint & IoT, Network, Cloud), Remote Work Model (Fully, Hybrid, Temporary), Vertical (BFSI, Retail & eCommerce, IT & ITeS) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Remote work security market is expected to reach USD 136.0 billion by 2028 from USD 51.7 billion in 2023, at a CAGR of 21.3 % during 2023–2028.

• Published: October 2023

Porcelain Enamel Coatings Market worth $1.9 billion by 2028

The Report "Porcelain Enamel Coatings Market by Type (Powder, Liquid), End use (Residential, Commercial), Application (Pot, Pan, Baking Dish, Stove, Oven & Cooker, Sanitaryware and Plumbing, Water Heater, Room Heater), and Region - Global Forecast to 2028", is projected to reach a market size of USD 1.9 billion by 2028 from USD 1.7 billion in 2023, at a CAGR of 2.7%. Asia pacific is the one of the largest markets for porcelain enamel coatings. The demand for porcelain enamel coatings is increasing in the Pot, Pan, Baking Dish and Other Utensils, Stove, Oven & Cooker, Sanitaryware and Plumbing, Water Heater, and Room Heater. The demand from developing nations, such as China, India, Indonesia, and Brazil are expected to drive the global porcelain enamel coatings market.

• Published: October 2023

Metaverse Market worth $1,303.4 billion by 2030

According to a research report "Metaverse Market by Component (Hardware (AR Devices, VR Devices, MR Devices), Software, Professional Services), Vertical (Consumer, Commercial, Industrial Manufacturing), & Region(North America, APAC, Europe,MEA, Latin America) - Global Forecast to 2030" published by MarketsandMarkets, the global metaverse market is expected to grow from 83.9 billion in 2023 to USD 1,303.4 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 48.0% during the forecast period.

• Published: October 2023

Thermoplastic Polyolefin Market worth $7.3 billion by 2028

The report "Thermoplastic Polyolefin Market by Type (In Situ TPO, Compounded TPO, POEs), Application (Automotive, Building & Construction, Medical, Wire and Cables), Region (North America, Europe, APAC, MEA, South America) - Global forecast to 2028", is projected to reach USD 7.3 billion by 2028, at a CAGR of 6.0% from USD  5.4 billion in 2023. The Thermoplastic polyolefin market is mainly driven by the demand from various end use industries such as construction, automotive and electronic appliances, others.  It is also driven by developing and emerging economies such as US and China.

• Published: October 2023

Air Circuit Breaker Industry Growth News - $4.1B by 2028

According to a research report "Air Circuit Breaker Market by Voltage (Low-Voltage and Medium-Voltage), Type (Air Blast Circuit Breaker and Plain Air Circuit Breaker), Application (Industrial, Commercial, and Residential) and Region - Global forecast to 2028" published by MarketsandMarkets, the air circuit breaker market is poised for substantial expansion, with the global market size projected to grow from an estimated USD 3.2 billion in 2023 to USD 4.1 billion by 2028. This anticipated growth is expected to occur at a steady compound annual growth rate (CAGR) of 5.0% throughout the forecast period. Key growth catalysts include rising investments in smart grid technologies aimed at safeguarding and managing power equipment, along with the replacement of aging infrastructure. Furthermore, the increasing demand for dependable transmission and distribution (T&D) networks offers lucrative growth prospects for the air circuit breaker market.

• Published: October 2023

Data Center Transformation Market worth $18.9 billion by 2028

According to a research report "Data Center Transformation Market by Service Type (Consolidation Services, Optimization Services, Automation Services, and Infrastructure Management Services), Tier Type, Data Center Type, Data Center Size and Region - Global Forecast to 2028" published by MarketsandMarkets, the data center transformation market is expected to grow from USD 11.5 billion in 2023 to USD 18.9 billion by 2028 at a CAGR of 10.5% during the forecast period. The exponential growth of data, driven by factors like big data analytics, IoT devices, and multimedia content, requires data centers to expand their capacity and capabilities to handle the increasing data loads.

• Published: October 2023

Continuous Renal Replacement Therapy Market worth $2.1 billion by 2028

The report "Continuous Renal Replacement Therapy Market by Product (Hemofilter, Bloodline, Machines, Dialysates), Modality (SCUF, CVVH, CVVHD, CVVHDF), Age (Adult, Pediatric), Enduser (Hospitals, Ambulatory), and Region - Global Forecast to 2028", size is 1.4 billion by 2023 and is projected to reach USD 2.1 billion by 2028, at a CAGR of 8.1 % during the forecast period.

• Published: October 2023

Dairy Alternatives Market worth $43.6 billion by 2028

According to a research report "Dairy Alternatives Market by Source (Soy, Almond, Coconut, Oats, Hemp), Application (Milk, Yogurt, Ice Creams, Cheese, Creamers), Distribution Channel (Retail, Online Stores, Foodservice), Formulation and Region - Global Forecast to 2028" published by MarketsandMarkets, the dairy alternatives market is estimated at USD 27.0 billion in 2023 and is projected to reach USD 43.6 billion by 2028, at a CAGR of 10.1% from 2023 to 2028. Plant-based dairy alternatives offer a range of nutritional benefits that make them a popular choice for individuals seeking a healthier and more sustainable alternative to traditional dairy products. The consumption of plant-based dairy alternatives has seen a rise due to their nutritional advantages, which include lowered cholesterol levels, enhanced cardiovascular well-being, and improved diabetes management. Numerous plant-based milk substitutes, including soy milk, almond milk, oat milk, and rice milk, boast lower fat and calorie content when compared to cow's milk..

• Published: October 2023

Finance Cloud Market worth $268.1 billion by 2028

According to a research report "Finance Cloud Market by Offering (Solutions (Financial Forecasting, Financial Reporting & Analysis, Security, GRC) and Services), Application, Deployment Model, Organization Size (Large Enterprises, SMEs), End User and Region - Global Forecast to 2028" published by MarketsandMarkets, the Finance Cloud market size is expected to grow from USD 135.6 billion in 2023 to USD 268.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period. Demand for tailored solutions and an urge for tightened security and accessibility with efficient disaster recovery solutions and techniques will likely boost the adoption of Finance Cloud globally.

• Published: October 2023

Antibody Drug Conjugates (ADC) Market worth $19.8 billion by 2028

The report "Antibody Drug Conjugates (ADC) Market by Product (Kadcyla, Enhertu, Padcev, Polivy), Linker Type (Cleavable, Non-Cleavable), Payload Type (Calicheamicin, MMAE), Target (HER2, CD30, CD22), Disease, Region - Global Forecast to 2028", is projected to reach USD 19.8 billion by 2028 from USD 9.7 billion in 2023, at a CAGR of 15.2% during the forecast period of 2023 to 2028.

• Published: October 2023

Specialty Advanced Ceramics Market worth $10.2 billion by 2028

The report "Specialty Advanced Ceramics Market by Type(Composite Structure Ceramics, Electrical & Electronic Functional Ceramics), Application (Defence & Security, Electronics & Semiconductor, Optics & Industrial Manufacturing), & Region - Global Forecast 2028", size is projected to grow from USD 7.7 billion in 2023 to USD 10.2 billion by 2028, registering a CAGR of 6.0% during the forecast period. The specialty advanced ceramics market owes its growth and development to a multitude of influential factors. These ceramics are meticulously engineered materials, distinguished by their unique properties that render them exceptionally well-suited for a wide range of high-tech applications. At the core of this growth are their extraordinary material characteristics, including but not limited to remarkable high-temperature stability, excellent electrical insulation, superior mechanical strength, and an innate resistance to wear and corrosion.

• Published: October 2023

AR VR Software Market worth $77.5 billion by 2028

According to a research report "AR VR Software Market by Technology Type (AR Software and VR Software), Software Type (Software Development Kit, Game Engine), Vertical (Media & Entertainment, Retail & eCommerce, Manufacturing, Healthcare) and Region - Global Forecast to 2028" published by MarketsandMarkets, the AR VR Software market is estimated at USD 32.5 billion in 2023 to USD 77.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 19.0%. In vehicle design and prototyping, VR enables engineers and designers to craft and refine vehicle models in immersive digital environments, facilitating faster iterations and more precise prototyping. AR, on the other hand, enhances real-world showrooms by overlaying digital information, such as vehicle specifications or customization options, onto physical cars. Customers can use AR-equipped devices to explore and visualize vehicles in their preferred configurations, contributing to a more interactive and informed buying process. These applications in the automotive sector drive continuous software development, optimizing the design, marketing, and sales processes for vehicles and augmenting user experiences with cutting-edge technology, further fueling growth of AR VR Software.

• Published: October 2023

Digital Payment Market worth $193.7 billion by 2028

According to a research report "Digital Payment Market Size, Share and Trends Analysis Report by Offering (Solutions (Payment Processor, Payment Gateway, Payment Wallet, POS Solution), Services (Professional and Managed), Transaction Type (Domestic and Cross Border), Payment Mode, Vertical & Region - Global Forecast to 2028" published by MarketsandMarkets, the Digital payment market size is projected to grow from USD 111.2 billion in 2023 to USD 193.7 billion by 2028, at a CAGR of 11.8% during the forecast period, according to MarketsandMarkets. Rise of eCommerce and adoption of embedded payment system. Internet access has gained more ground, boosting the online shopping industry. Smartphones have also become an essential part of several urban sectors. The growth of eCommerce is driven by rapid technology adoption, which is led by the rising use of devices such as smartphones and tablets and increasing access to the internet through 4G and 5G.

• Published: October 2023

Laboratory Proficiency Testing Market worth $1.6 billion by 2028

The report "Laboratory Proficiency Testing Market by Industry (Clinical Diagnostics, Microbiology, Pharmaceutical, Food & Animal Feed, Water, Opioid), Technology (PCR, Cell Culture), and Region; Unmet Needs, Stakeholder & Buying Criteria - Global Forecast to 2028", expects the global laboratory proficiency testing market to grow from USD 1.2 billion in 2023 to USD 1.6 billion by 2028, at a CAGR of 7.4% during the forecast period.

• Published: October 2023

Batter & Breader Premixes Market worth $3.8 billion by 2028

According to a research report "Batter & Breader Premixes Market by Batter Type (Adhesion Batter, Beer Batter, Thick Batter, Customized Batter), Breader Type (Crumbs & Flakes, Flour & Starch), Application (Meat, Seafood, Vegetables), End Users and Region - Global Forecast to 2028" published by MarketsandMarkets, the global market for batter & breader premixes is estimated at USD 2.7 billion in 2023 and is projected to reach USD 3.8 billion by 2028, at a CAGR of 6.7% during the forecast period.

• Published: October 2023

Hybrid Train Market worth 446 Units by 2030

According to a research report "Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium), Application (Passenger and Freight), Operating Speed (Below 100 KM/H, 100–200 KM/H, And Above 200 KM/H), Service Power, Propulsion Region - Global Forecast to 2030" published by MarketsandMarkets, the global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%.

• Published: October 2023

Marine VFD Market worth $1.6 billion by 2030

According to a research report "Marine VFD Market by End User Type (Marine Ships, and Offshore Platforms), Application ( Pump, Propulsion, Fan, Compressor, Crane & Hoist, Winch, HVAC, Steering, Scrubber, Shaft Generator, Power Electronics), & Region - Global Forecast to 2030" published by MarketsandMarkets, the Marine VFD market is projected to reach USD 1.6 billion by 2030 from an estimated USD 1.1 billion in 2023, at a CAGR of 5.0% during the forecast period.

• Published: October 2023

Cardiac Safety Services Industry Worth $1,282 million by 2028, with a CAGR of 11.6%

The report "Cardiac Safety Services Market by Type (Standalone, Integrated), Services (ECG/Holter Measurement, Blood Pressure Measurement, Cardiac Imaging, Thorough QT Studies), End User (Pharmaceutical & Biopharma, CROs), Region - Global Forecast to 2028", is projected to reach USD 1,282 million by 2028 from USD 739 million in 2023, at a CAGR of 11.6% during the forecast period of 2023 to 2028. The growth of this market is driven by rising incidence of cardiovascular diseases, large number of cardiac issue related clinical trials. Additionally, the increasing outsourcing of cardiac safety services leading to expanded adoption of cardiac safety services.

• Published: October 2023

Military Vehicle Sustainment Industry worth $23.5 billion by 2028

The report "Military Vehicle Sustainment Market by Vehicle Type (Armored Vehicles, Military Trucks), Service (Maintenance, Repair, & Overhaul (MRO), Training & Support, Parts and Components Supply, Upgrades & Modernization), End User & Region- Global Forecast to 2028" The Military Vehicle Sustainment market is estimated at USD 16.8 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.0% from 2023 to 2028. The growth can be attributed to the increasing need for military vehicles for various military operations.

• Published: October 2023

Agricultural Activator Adjuvants Market worth $3.5 billion by 2028

According to a research report "Agricultural Activator Adjuvants Market by Adoption Stage (In-formulation and Tank-mix), Type (Surfactants and Oil-based Adjuvants), Application (Herbicides, Insecticides, Fungicides) Crop Type and Region - Global Forecast to 2028" published by MarketsandMarkets, the agricultural activator adjuvants market is estimated at USD 2.6 billion in 2023 and is projected to reach USD 3.5 billion by 2028, at a CAGR of 6.0% from 2023 to 2028. The adoption of agricultural activator adjuvants is highest in developed countries such as the United States, Canada, and Western Europe. However, the adoption rate is growing rapidly in developing countries such as India, China, and Brazil. This is due to a number of factors, including the increasing demand for food, the growing awareness of the benefits of agricultural activator adjuvants, and the increasing availability of these products in developing countries.

• Published: October 2023