Press Release

Cleanroom Lighting Industry worth $1.1 billion by 2029

According to the new market research report "Cleanroom Lighting Market by Light Source (LED, Fluorescent), Mounting Type (Recessed and Surface Mounted), End User (Healthcare & Life Science, Industrial Manufacturing, Food & Beverages), Offering and Region - Global Forecast to 2029" The Cleanroom Lighting industry size is projected to reach USD 1.1 billion by 2029 from USD 0.9 billion in 2024; it is expected to grow at a CAGR of 5.4% from 2024 to 2029. Increasing demand for sterile environments for pharmaceutical manufacturing, technological advancements in cleanroom lighting technology, worldwide government support towards building cleanrooms for industries such as semiconductors fabrication and pharmaceuticals and heightened focus on sustainability and green practices across industries underscores the importance of energy-efficient and environmentally friendly lighting solutions to create growth opportunities in this market.

• Published: February 2024

Extruded Polystyrene Market worth $6.9 billion by 2028

The Report "Extruded Polystyrene Market by Application (Foundation, Roof, Wall, Floor & Ceiling), End-use Industry (Residential, Commercial), and Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) - Global Forecast to 2028", size was USD 5.6 billion in 2023 to USD 6.9 billion by 2028, at a CAGR of 4.3% from 2023 to 2028.

• Published: January 2024

Carrier Screening Market worth $5.4 billion by 2028

The report "Carrier Screening Market by Product and Service, Type (Expanded (Customized, Predesigned) Targeted Diseases, Medical condition (Hematologic, Pulmonary), Technology (DNA Sequencing, PCR), End user, Region - Global Forecast to 2028", is expected to reach USD 5.4 billion by 2028 from USD 2.2 billion in 2023, at a CAGR of 19.7% during the forecast period

• Published: January 2024

Education Smart Display Industry worth $4.1 billion by 2029

The report "Education Smart Display Market by Product Type (Whiteboard, Video Wall), Display Size (Above 55", Up to 55"), Display Technology (LCD, Direct-view LED, OLED), Resolution (4K & Above, FHD, Less than HD & HD) and Region - Global Forecast to 2029" The education smart display market is projected to reach USD 4.1 billion by 2029 from USD 3.4 billion in 2024 at a CAGR of 4.0% during the forecast period. Digital transformation in learning, rising demand for collaborative learning, and technological advancements are some of the major factors contributing to the growth of Education Smart Display market. Moreover, Industry collaborations, involving interactive display manufacturers, content developers, and key players, fuel market expansion, driving innovation and advancing the overall immersive technology ecosystem.

• Published: January 2024

Virtual Power Plant Industry Growth News - Growing at CAGR of 23.4%

According to a research report "Virtual Power Plant Market by Technology (Demand Response, Supply Side, Mixed Asset), Vertical (Commercial, Industrial, Residential), Source (Renewable Energy, Storage, Cogeneration), Offering, & Region- Global Forecast to 2029" published by MarketsandMarkets, the global virtual power plant (VPP) market is forecast to reach USD 5.5 billion by 2029 from an estimated USD 1.9 billion in 2024, at a CAGR of 23.4% during the forecast period (2024-2029).

• Published: January 2024

Alginates and Derivatives Industry worth $651 million by 2028

According to a research report "Alginates and Derivatives Market by Type (Sodium Alginate, Calcium Alginate, Potassium Alginate, PGA), Application (Food & Beverages, Industrial, Pharmaceuticals), Form (Powder, Liquid, Gel Form), and Region - Global Forecast to 2028" published by MarketsandMarkets, the alginates and derivatives market is estimated at USD 494 million in 2023 and is projected to reach USD  651 million by 2028, at a CAGR of 5.7% from 2023 to 2028.  Alginates and their derivatives stand out for their exceptional functional properties, encompassing versatile applications in numerous industries. With remarkable abilities in gelling, thickening, and stabilizing, these substances have become indispensable ingredients in sectors ranging from food and pharmaceuticals to cosmetics. In the food industry, alginates play a key role in enhancing textures and stabilizing formulations, while in pharmaceuticals, they contribute to controlled-release formulations. Additionally, their versatility extends to cosmetics, where they act as natural thickeners, collectively driving demand across diverse industries.

• Published: January 2024

Automotive Lighting Market worth $30.4 billion by 2030

According to a research report "Automotive Lighting Market for ICE & Electric Vehicle by Technology (Halogen, LED, Xenon), Position and Application (Front, Rear, Side, Interior), Adaptive Lighting, Electric Vehicle, Two-Wheeler Position Type and Region - Global Forecast to 2030" published by MarketsandMarkets, the Automotive Lighting Market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period.

• Published: January 2024

Protein Hydrolysates Market worth $4.3 billion by 2028

According to a research report "Protein Hydrolysates Market by Product Type (Milk, Meats, Marine, Plant, Egg, Yeast), Application (Infant, Sports, Clinical Nutrition, Weight Management, Dietary Supplements, Animal Feed, FnB), Source, Process, Form and Region - Global Forecast to 2028" published by MarketsandMarkets, the global protein hydrolysates market, valued at USD 3.3 billion in 2023, showcases a remarkable growth projection, anticipated to escalate to USD 4.3 billion by 2028, indicating a robust compound annual growth rate (CAGR) of 5.6% during the forecast period. Protein hydrolysates are products derived from the enzymatic hydrolysis of proteins, breaking them down into smaller peptides and amino acids. This process enhances the bioavailability and digestibility of proteins, making them easier for the body to absorb. One of the key applications of protein hydrolysates is in the food and beverage industry, where they are utilized as ingredients in sports nutrition products, infant formulas, and medical nutrition. These hydrolysates offer a rapid and efficient source of amino acids, facilitating quicker muscle recovery and promoting overall health. Moreover, the pharmaceutical and cosmetic industries also leverage protein hydrolysates for their unique properties. In the agricultural sector, protein hydrolysates find use as organic fertilizers, enhancing plant growth and nutrient absorption. The market's versatility and diverse applications underscore the manifold benefits of protein hydrolysates, making them a sought-after ingredient in various sectors and contributing to the industry's sustained expansion.

• Published: January 2024

Advanced Magnetic Materials Market worth $38.2 billion by 2028

The report "Advanced Magnetic Materials Market by Type (Permanent Magnet Materials, Semi-Hard Magnetic Materials, Soft Magnetic Materials), End-Use Industry (Automotive, Electronics, Industrial, Power Generation, Medical), And Region - Global Forecast to 2028", is estimated at USD 24.2 billion in 2023 and is projected to reach USD 38.2 billion by 2028, at a CAGR of 9.5% from 2023 to 2028. The increasing use of advanced magnetic materials in the automotive industry is one of the most significant factors projected to drive the growth of the advanced magnetic materials market.

• Published: January 2024

Theranostics Market worth $4.3 billion by 2028

The report "Theranostics Market by Product (Diagnostic imaging (PET, CT, MRI), Radiopharmaceuticals (Lu-177, Sm-153, Ra-223, I-131), Biomarker screening, Software), Application (Prostate Cancer, Bone metastasis), & Stakeholder Expectations - Global Forecast to 2028", is projected to reach USD 4.3 billion by 2028 from USD 2.1 billion in 2023, at a CAGR of 15.5% from 2023 to 2028. The major factors driving the growth of this market include rising number of cancer cases and increasing use of radiophamrceuticals for neurological applications. Therastostics find growth opportunities in emerging countries due to rising incidence of targeted diseases and increasing number of hospitals.

• Published: January 2024

Employee Experience Management Market worth $11.1 billion by 2028

According to a research report "Employee Experience Management Market by Software (Integrated Software, Standalone Software), Standalone Software (Employee Survey & Feedback, Employee Engagement, Employee Recognition & Rewards, Employee Performance Management) - Global Forecast to 2028 " published by MarketsandMarkets, the employee experience management market is expected to reach USD 11.1 billion by 2028 from USD 6.8 billion in 2023, at a CAGR of 10.2 % during 2023–2028.  

• Published: January 2024

Health & Hygiene Packaging Market worth $148.0 billion by 2028

The report "Health & Hygiene Packaging Market by Product Type (Films & Sheets, Laminates, Bags & Pouches, Bottles & Jars, Sachets, Labels, Tubes, Boxes & Carton), Form, Shipping Form, Structure, End-user Industry, and Region - Global Forecast to 2028", is approximated to be USD 110.9 billion in 2023, and it is projected to reach USD 148.0 billion by 2028, at a CAGR of 5.9%. The surge in urbanization, evolving lifestyles, increased disposable income, a growing preference for sustainable packaging, and global awareness of hygiene are driving the expansion of the health and hygiene packaging market. However, challenges include the elevated costs of raw materials used in manufacturing packaging products like pouches, bags, roll stock, films, and wraps. Additionally, inadequate recycling infrastructure poses a hindrance to the health and hygiene packaging market. Opportunities arise from the rising demand for sustainable packaging, as it emerges as a superior alternative to traditional materials due to heightened hygiene awareness.

• Published: January 2024

Digital Agriculture Market worth $39.8 billion by 2029

According to a research report "Digital Agriculture Market Offering, Technology (Peripheral, Core), Operation (Farming & Feeding, Monitoring & Scouting, Marketing & Demand Generation), Type (Hardware, Software, Services), Region - Global Forecast to 2029" published by MarketsandMarkets, the global digital agriculture industry, valued at USD 24.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 39.8 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 10.4% during the forecast period.

• Published: January 2024

Aircraft Gears Industry worth $403 million by 2028

The report "Aircraft Gears Market by Platform (Commercial, Military), End User (OEM, Aftermarket), Gear Types (Spur, Helical, Bevel, Rack and Pinion), Application (APU, Actuators, Pumps, Air Conditioning Compressor) and Region - Global Forecast to 2028" The Aircraft Gears Market is estimated to be USD 325 million in 2023 and is projected to reach USD 403 million by 2028, at a CAGR of 4.4% from 2023 to 2028. The Aircraft Gears market, forecasted globally to 2028, is a combination of technological, economic, and regulatory factors that influence both demand and supply. With a CAGR of 4.4%, a myriad of factors beyond the increased demand for actuators and the fundamental requirements of efficiency and performance in the aerospace industry influence the growth of the aircraft gears market. These factors span technological innovations, market trends, regulatory requirements, and shifts in global defense and commercial aviation strategies.

• Published: January 2024

Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030

According to a research report "Electric Mid- and Large (9-14m) Bus Market Technology Landscape, Trends and Market Analysis by Propulsion (BEV, FCEV, HEV/PHEV), Configuration (Light & Heavy Duty), Application (City/Transit Bus, Coach, Midi & School Bus) and Region - Global Forecast 2030" published by MarketsandMarkets, the global electric mid- & large bus market size is projected to grow from 66,593 units in 2023 and is expected to cross 171,000 units by 2030, at a CAGR of 14.4%.

• Published: January 2024

Ketones Market worth $818.9 million by 2029

According to a research report "Ketones Market by Application (Supplements, Food & Beverages, Cosmetics & Personal Care Products), Supplement Type (Ketone Salts, Ketone Esters, Ketone Oils, Raspberry Ketones), Form (Solid, Liquid, Semi- Liquid) and Region - Global Forecast to 2029" published by MarketsandMarkets, The global ketones market is witnessing significant growth, with an estimated value projected to reach USD 818.9 million by 2029 from the 2024 valuation of USD 594.9 million, indicating a substantial Compound Annual Growth Rate (CAGR) of 6.6%.The ketones market is experiencing growth due to increasing consumer awareness of ketogenic lifestyles, rising demand for supplements, and ongoing research and innovation in ketone-related products.

• Published: January 2024

Regenerative Medicine Industry worth $49.0 billion by 2028, with a CAGR of 25.1%

The report "Regenerative Medicine Market by Product (Stem Cell [Autologous, Allogenic], Immunotherapy, Gene Therapy, Tissue Engineering), Application (Musculoskeletal, Cancer, Dermatology, Wound care, Cardiovascular Diseases, Eye Disorders) - Global Forecast to 2028", is projected to reach USD 49.0 billion by 2028 from USD 16.0 billion in 2023, at a CAGR of 25.1% during the forecast period of 2023 to 2028.

• Published: January 2024

Battery Separators Market worth $13.0 billion by 2028

The report "Battery Separators Market by Battery Type (Lead Acid and Li-ion), Material (Polyethylene and Polypropylene), Technology (Dry and Wet), End-Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2028", is projected to grow from USD 6.3 billion in 2023 to USD 13.0  billion by 2028, at a CAGR of 15.7% during the forecast period. High demand from the automotive and consumer electronic sector is expected to drive the battery separators market.

• Published: January 2024

Cloud Mobile Backend as a Service (BaaS) Market worth $9.2 billion by 2028

According to a research report "Cloud Mobile Backend as a Service (BaaS) Market by Service Type (Cloud Storage & Backup, User Authentication & Authorization, Database Management, Push Notification, Other Service Types), Platform Type (Android, IOS), Application Type (Mobile Apps, Web Apps) - Global Forecast to 2028" published by MarketsandMarkets, the cloud mobile BaaS market size is expected to grow from USD 4.1 billion in 2023 to USD 9.2 billion by 2028 at a compound annual growth rate (CAGR) of 17.5% during the forecast period.

• Published: January 2024

Interactive Display Industry worth $16.9 billion by 2029

The report "Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type (Flat, Flexible, Transparent), Vertical (Retail, Corporate) and Geography - Global Forecast to 2029" The global interactive display market was valued at USD 12.5 billion in 2024 and is projected to reach USD 16.9 billion by 2029, registering a CAGR of 6.3% during the forecast period. Within the healthcare domain, interactive displays find application in medical imaging, patient education, and collaborative dialogues among healthcare professionals. These displays play a pivotal role in improving communication and encouraging a more interactive approach to healthcare services. Ongoing advancements in display technology, touch sensitivity, and interactive functionalities have significantly increased the versatility and practicality of these displays in the healthcare vertical.

• Published: January 2024

Bottled Water Processing Market worth $466.55 billion by 2028

According to a research report "Bottled Water Processing Market by Product Type (Still Water and Sparkling Water), Packaging Material, Technology (Ion Exchange & Demineralization, Disinfection, Filtration, and Packaging), Equipment and Region - Global Forecast to 2028" published by MarketsandMarkets, the bottled water processing market comprises the bottled water market and the bottled water equipment market. The bottled water market is projected to reach USD  457.1 billion by 2028 from USD  311.1 billion by 2023, at a CAGR of 8.0% during the forecast period in terms of value.

• Published: January 2024

Spinal Implants Market worth $14.3 billion by 2028

The report "Spinal Implants Market by Product (Devices (Thoracic, Cervical, Interbody Fusion, Spinal Non-Fusion), Biologics, Stimulators), Application (VCF, Spinal Decompression, Fusion, Non-Fusion), Surgery (Open, MIS), Region & Customer Unmet Need Forecast to 2028", is projected to reach USD 14.3 billion by 2028 from USD 11.2 billion in 2023, growing at a CAGR of 5.0% during the forecast period. The expansion of the spinal implants market is propelled by several synergistic factors, including increasing demand for minimally invasive surgical procedures, escalating spinal disorder prevalence, rising geriatric patient population, growing public-private investments to support for the clinical research and the presence of key market players in developing regions.

• Published: January 2024

Social Media Analytics Market worth $14.6 billion by 2028

According to a research report "Social Media Analytics Market by Software (Social Media Marketing, Social Listening, Social Media Intelligence), Analytics Type (Predictive, Prescriptive), Business Function (Marketing (Trend Analysis, Forecasting), Sales) - Global Forecast to 2028" published by MarketsandMarkets, the global market for Social Media Analytics is projected to grow from USD 4.8 billion in 2023 to USD 14.6 billion by 2028, at a CAGR of 24.9% during the forecast period. The social media analytics market is expanding due to the increasing usage of social media, higher smartphone penetration, and other developments in digital technology. The market growth is further boosted by the impact of technologies such as natural language processing, artificial intelligence, machine learning, and augmented reality. Social media analytics enables businesses to maximize the impact of their social media marketing efforts. Future trends that will shape the landscape of social media analytics include artificial intelligence and machine learning.

• Published: January 2024

Automotive V2X Market worth $9.5 billion by 2030

According to a research report "Automotive V2X Market by Connectivity (DSRC, and C-V2X), Communication (V2V, V2I, V2P, V2G, V2C), Vehicle Type (Passenger Cars & Commercial Vehicles), Propulsion, Offering (Hardware and Software), Unit, Technology and Region - Global Forecast to 2030" published by MarketsandMarkets, the global automotive V2X market is projected to grow from USD 0.5 billion in 2023 to USD 9.5 billion by 2030, at a CAGR of 51.9%.

• Published: January 2024

Decorative Concrete Market worth $24.3 billion by 2028

The report "Decorative Concrete Market by Type (Stamped, Stained, Colored, Polished, Epoxy, Concrete Overlays), Application (Floors, Walls, Driveways & sidewalks, Pool decks), End-use Industry (Residential, Non-residential), and Region - Global Forecast to 2028", size is projected to grow from USD 18.3 billion in 2023 to USD 24.3 billion by 2028, at a CAGR of 5.8% from 2023 to 2028.

• Published: January 2024

Pet Food Ingredients Industry worth $47.4 billion by 2028

According to a research report "Pet Food Ingredients Market by Ingredient (Meat & Meat Products Cereals, Vegetables & Fruits Fats, and Additives), Source (Animal-Based, Plant Derivatives, and Synthetic), Pet (Dogs, Cats, and Fish), Form, and Region - Global Forecast to 2028" published by MarketsandMarkets, the global market for pet food ingredients is estimated at USD 34.2 billion in 2023 and is projected to reach USD 47.4 billion by 2028, at a CAGR of 6.8% during the forecast period. The global pet food ingredients market has witnessed remarkable growth in recent years, driven by advancements in pet nutrition research that have spurred the development of specialty components that cater to specific nutritional requirements, hence contributing to the market's growth. The industry's dynamic character reflects evolving pet ownership trends, with more individuals choosing pets and demanding premium, personalized nutrition solutions for their furry companions. Overall, the pet food ingredients sector is seeing strong growth, owing to a combination of changing customer preferences, improved awareness of pet health, and the continued trend of humanizing pets.

• Published: January 2024

Heat Pump Water Heater Market worth $10.2 billion by 2028

According to a research report "Heat Pump Water Heater Market by Type (Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid), Storage Tank (Up to 500 L, 500-1,000 L, Above 1,000 L), Refrigerant Type (R410A, R407C, R744), Rated Capacity, End User Region - Global Forecast to 2028" published by MarketsandMarkets, the global heat pump water heater market is projected to reach USD 10.2 billion by 2028 from an estimated USD 5.2 billion in 2023, at a CAGR of  14.4% during the forecast period. Governments worldwide are enacting policies and initiatives to encourage the uptake of energy-efficient technologies like heat pump water heaters. These regulations and incentives for leveraging renewable energy sources across various applications are pivotal in propelling the expansion of the heat pump water heater market. Furthermore, consumers benefit from federal tax credits and regional utility-driven incentives, such as rebates, fostering a heightened adoption of heat pump water heaters. The amalgamation of these systems with renewable energy contributes to their increased demand, aligning with global efforts to diminish reliance on fossil fuels and minimize carbon footprints. A noteworthy catalyst for market growth is the integration of Internet of Things (IoT) technology in heat pump water heaters. This innovation facilitates remote control and monitoring, empowering users to detect anomalies and mitigate system failures.

• Published: January 2024

Contactless Connector Industry worth $480 million by 2029

The report "Contactless Connector Market by Product Type (Wireless Charging, Wireless Data Transfer), Technology (Inductive Coupling, RF, Magnetic Field), Operation (Simplex, Half-duplex, Full-duplex), Data Rate Gbps (1, 3, Up to 6) - Global Forecast to 2029" The global contactless connector market is expected to be valued at USD 220 million in 2024 and is projected to reach USD 480 million by 2029; it is expected to grow at a CAGR of 16.9 % from 2024 to 2029. The rise of IoT devices and smart technologies necessitates secure and reliable connectivity solutions, further propelling the demand for contactless connectors. Moreover, the ongoing advancements in wireless charging and data transfer technologies are expanding the scope of contactless connectors, fueling their market growth.

• Published: January 2024

Micro-inverter Industry worth $14.5 billion by 2029

According to the new market research report "Micro-inverter Market by Offering, Communication Technology (Wired, Wireless), Type (Single Phase, Three Phase), Power Rating (Below 250 W, Between 250 & 500 W, Above 500 W), Connection Type, Sales Channel, Application - Global Forecast to 2029" The global Micro Inverter Industry Size is expected to be valued at USD 4.9 billion in 2024 and is projected to reach USD 14.5 billion by 2029; it is expected to grow at a CAGR of 24.1% from 2023 to 2028. The growth of the micro-inverter Industry is propelled by increasing energy prices that contribute to the installation of solar panels and rising energy demand across the globe. However, limited power handling capacity and high installation and maintenance costs restrain the market's growth.

• Published: January 2024

Digital Therapeutics (DTx) Market worth $21.9 billion by 2028

The report "Digital Therapeutics (DTx) Market by Offerings (Platform, Virtual Reality/Games), Revenue Model (Subscription, Value Based), Application (Therapy (Diabetes, Obesity, CNS, Respiratory, CVD), Drug Adherence, Rehab/Patient care) - Global Forecast to 2028", is projected to reach USD 21.9 billion by 2028 from USD 6.1 billion in 2023, at a CAGR of 29.1%.

• Published: January 2024

Industrial Networking Solutions (INS) Market worth $73.3 billion by 2028

According to a research report "Industrial Networking Solutions (INS) Market by Technology (SD-WAN, WLAN, IIoT), by Application (Remote Monitoring, Predictive Maintenance, Emergency & Incident Management, Asset Tracking & Management, Supply Chain Management) - Global Forecast to 2028" published by MarketsandMarkets, the industrial networking solutions market size is projected to grow from USD 29.2 billion in 2023 to USD 73.3 billion by 2028, at a CAGR of 20.2% during the forecast period. The need for improved efficiency and reduced operational costs is driving the adoption of automation in various industries. Industrial networking solutions play a crucial role in connecting and coordinating automated systems and processes.

• Published: January 2024

Motion Control Industry worth $21.6 billion by 2029

The report "Motion Control Market by Offering (Actuators & Mechanical Systems, Drives, Motors, Motion Controllers, Sensors & Feedback Services, Software & Services), System (Open-loop, Closed-loop), End-user Industry and Region - Global Forecast to 2029" The motion control market is expected to reach USD 21.6 billion by 2029 from USD 16.5 billion in 2024, at a CAGR of 5.5% during the 2024–2029 period.

• Published: January 2024

Commercial Vehicle Telematics Software Industry worth $10.3 billion by 2028

According to a research report "Commercial Vehicle Telematics Software Market by Type (Fleet Management, Safety Management, V2X, Telematics Compliance, Telematics Productivity), Vehicle Type (LCV, MHCV), Propulsion Type (IC Engine, Electric), Sales Channel - Global Forecast to 2028 " published by MarketsandMarkets, the commercial vehicle telematics software market is set to experience rapid growth, projected to surge from USD 5.2 billion in 2023 to USD 10.3 billion by 2028, at a CAGR of 14.3% during the forecast period of 2023–2028. Escalating regulatory requirements to enhance vehicle and passenger safety and security and increasing recognition of the importance of predictive maintenance are driving forces propelling the commercial vehicle telematics software market forward. Telematics technology empower businesses by optimizing fleet management, enabling data-driven decisions, ensuring safety and compliance, reducing downtime, and enhancing customer service.

• Published: January 2024

Taste Modulators Market worth $2.0 billion by 2028

According to a research report "Taste Modulators Market by Type (Sweet Modulators, Salt Modulators, Fat Modulators), Application (Food, Beverages, Pharmaceutical), and Region (North America, Europe, Asia-Pacific, South America, RoW) - Global Forecast to 2028" published by MarketsandMarkets, the taste modulators market is projected to reach USD 2.0 billion by 2028 from USD 1.4 billion by 2023, at a CAGR of 7.4% during the forecast period in terms of value. The taste modulators market is growing due to rising health consciousness, addressing the demand for healthier options by reducing sugar, salt, and fat. The surge in obesity and diabetes cases fuels the need for sugar-free and reduced-calorie products, often utilizing taste modulators. Ongoing innovation and the versatility of taste modulators contribute to their widespread application in diverse food and beverage products.

• Published: January 2024

Industrial Sensors Industry worth $42.1 billion by 2029

According to a research report "Industrial Sensors Market by Sensor Type (Level Sensor, Temperature Sensor, Gas Sensor, Pressure Sensor, Position Sensor, and Humidity & Moisture Sensor), Type (Contact & non-contact sensors), End-User Industry and Region - Global Forecast to 2029" The Industrial Sensors Industry Size is projected to grow from USD 27.9 billion in 2024 and is expected to reach USD 42.1 billion by 2029, growing at a CAGR of 8.5% from 2024 to 2029.

Many industries are subject to stringent regulations and safety standards that necessitate the use of high-performance industrial sensors. These sensors help ensure compliance with environmental regulations, monitor hazardous materials, prevent accidents, and protect worker safety. The increasing focus on environmental sustainability and worker safety further drives the demand for reliable and accurate sensor technologies eventually driving the market for industrial sensors.

• Published: January 2024

Therapeutic Hypothermia Systems Market worth $396 million by 2028

The report "Therapeutic Hypothermia Systems Market by Product (Cooling Devices, Cooling Catheters, Cool Caps), Application (Neurology, Cardiology, Neonatal Care), and Region (North America, Europe, Asia- Pacific, RoW) - Global Forecast to 2028", is projected to reach USD 396 million by 2028 from USD 291 million in 2023, at a CAGR of 6.3% during the forecast period. The growth of this market is majorly driven by the growing number of hypothermia cases, the growing number of road accidents and sports injuries, the rise in the prevalence of traumatic brain surgery, the rise in the geriatric population, and the growing prevalence of chronic and infectious diseases.

• Published: January 2024

IT Service Management (ITSM) Market worth $22.1 billion by 2028

According to a research report "IT Service Management (ITSM) Market by Offering (Solutions (Change & Configuration Management, Operations & Performance Management) and Services), Deployment Model, Organization Size, Vertical and Region - Global Forecast to 2028", published by MarketsandMarkets, the ITSM market size is expected to grow from USD 10.5 billion in 2023 to USD 22.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period. With the increasing adoption of cloud-based technologies, there are now more opportunities for cloud-based ITSM vendors. Organizations want to obtain IT services externally at a cost that aligns with their usage of IT services rather than building and maintaining these services on-premises. Large enterprises opt for cloud-based ITSM solutions to better manage their IT resources and align their IT services with real-world business needs.

• Published: January 2024

Oil Immersed Power Transformer Market worth $28.3 billion by 2028

According to a research report "Oil Immersed Power Transformer Market by Installation (Pad-Mounted, Pole-Mounted, Substation Installation), Voltage (Low, Medium, High), Phase, End User (Industrial, Residential & Commercial, Utilities) and Region - Global Forecast to 2028" published by MarketsandMarkets, the Oil Immersed Power Transformer market is anticipated to witness a significant expansion, with the market size projected to reach approximately USD 28.3 billion by 2028, showcasing a Compound Annual Growth Rate (CAGR) of 6.0% from the estimated value of USD 21.2 billion in 2023. This robust growth is attributed to the anticipated reinforcement of power distribution infrastructure, responding to the escalating global demand for electricity. Additionally, the market is poised to benefit from the expanding capacity of renewable energy sources and heightened investments in industrial production, both contributing to an increased demand for Oil Immersed Power Transformers. A notable driver of this growth is the rising adoption of high-voltage direct systems, further propelling the market towards accelerated expansion over the forecast period.

• Published: January 2024

Milking Robots Industry worth $5.3 billion by 2029

The report "Milking Robots Market by System Type (Single-stall Unit, Multi-stall Unit, Automated Milking Rotary). Herd Size (Below 100, Between 100 and 1,000, Above 1,000), Offering (Hardware, Software, Services), Species, Actuators and Region – Forecast to 2029" The global milking robots industry size is projected to grow from USD 3.2 billion in 2024 to USD 5.3 billion by 2029, registering a CAGR of 10.8% during the forecast period The growing demand for milking robots in agriculture stems due to their ability to automate labor-intensive milking tasks, enabling round-the-clock operations while reducing physical strain on farmers. Their contribution to improved animal welfare, precision in milking, scalability, and ongoing technological advancements solidify their pivotal role in modernizing and optimizing dairy operations worldwide.

• Published: January 2024

Text-to-Speech Industry worth $7.6 billion by 2029

The report "Text-to-Speech Market by Offering (Software, Service, SaaS), Deployment (On-premises, Cloud-based), Voice (Neural & Custom, Non-Neural), Solution (Accessibility, Voice-based AI), Organization Size, Language, Vertical & Region – Global Forecast to 2029" The global Text-to-Speech industry is expected to be valued at USD 4.0 billion in 2024 and is projected to reach USD 7.6 billion by 2029; it is expected to grow at a CAGR of 13.7% from 2024 to 2029. The increasing demand for voice-activated virtual assistants and smart devices and advancements in natural language processing (NLP) technologies and the rising need for efficient transcription services are key drivers fueling the expansion of the Speech-to-Text market.

• Published: January 2024

Automotive Brake System Market worth $30.10 billion by 2028

According to a research report "Automotive Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD, AEB), OHV Brakes (Hydraulic Wet, Hydrostatic, Dynamic), On & Off-Highway Vehicles & Electric Vehicles, Component, Actuation and Region - Global Forecast to 2028" published by MarketsandMarkets, The automotive brake system market is projected to grow from an estimated USD 23.45 billion in 2023 to USD 30.10 billion by 2028 at a CAGR of 5.1% during the forecast period.

• Published: January 2024

AI Data Management Market worth $70.2 billion by 2028

According to a research report "AI Data Management Market by Platform (Data Warehousing, Analytics, Data Governance), Software (Data Integration & ETL, Data Visualization, Data Labeling & Annotation, Data Versioning), Data Type, Technology (ML (CNN, RNN), NLP) - Global Forecast to 2028" published by MarketsandMarkets, the market for AI data management is estimated to grow from USD 25.1 billion in 2023 to USD 70.2 billion by 2028, at a CAGR of 22.8% during the forecast period. AI data management refers to artificial intelligence that leverages a variety of data types, such as video, audio, speech, images, text, and conventional numerical datasets, to enhance its ability to make more precise predictions, draw insightful conclusions, and provide accurate solutions to real-world challenges. This approach involves training AI systems to synthesize and process diverse data sources concurrently, enabling them to better understand content and context, a significant improvement compared to earlier AI models.

• Published: January 2024

Sweeteners Industry worth $125.1 billion by 2028

According to a research report "Sweeteners Market by Product (Sucrose, High-fructose Corn Syrup, Natural Sweeteners, Artificial Sweeteners, Novel Sweeteners, and Polyols), Sales Channel (Direct and Indirect), Type, Form, Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the global sweeteners market is projected to reach USD 125.1 billion by 2028 from 107.2 billion in 2023 at a CAGR of 3.1% during the forecast period, 2023-2028, in terms of value. The sweeteners market is experiencing significant growth due to its diverse applications across various industries, including food, beverage, personal care, and pharmaceuticals. In the food industry, sweeteners play a crucial role in enhancing the taste and sweetness of a wide range of products, such as bakery items, confectioneries, and dairy products. For instance, high-intensity sweeteners such as aspartame and sucralose are extensively used in the production of sugar-free candies and desserts.

• Published: January 2024

Data Mesh Market worth $2.5 billion by 2028

According to a research report "Data Mesh Market by Solutions (Data Integration & Delivery (ETL, Data Pipeline, Data Mapping and Transformation), Federated Data Governance (Metadata Management, Data Quality & Security), Data Operations, Data Transformation) - Global Forecast to 2028" published by MarketsandMarkets, the data mesh market is projected to grow from USD 1.2 billion in 2023 to USD 2.5 billion by 2028, at a compound annual growth rate (CAGR) of 16.4% during the forecast period. The data mesh market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing need for data democratization and accessibility, tailored data pipelines driving agility and innovation and increasing adoption of cloud native technologies, and maintaining robust governance and security also responsible for driving the market’s growth.

• Published: January 2024

SiC-On-Insulator and Other Substrates Industry worth $149 million by 2029

The report "SiC-On-Insulator and Other Substrates Market by Substrate Type (Semi-insulating SiC Substrates, Conductive SiC Substrates), Wafer Size (100mm, 150mm and 200mm), Application (Power Devices, RF Devices) and Region - Global Forecast to 2029" The SiC-On-Insulator and Other Substrates Industry is expected to reach USD 149 million by 2029 from USD 99 million in 2024, at a CAGR of 8.5% during the 2024–2029 period. The major factors driving the market growth of the SiC-on-insulator and other substrates market include the growing demand for 5G technology and the increasing popularity of electric vehicles. Additionally, the surging attention towards the implementation of SiC-on-insulator substrates in the photonics industry is expected to create growth opportunities for the SiC-on-insulator and other substrates market.

• Published: January 2024

Industrial Absorbents Market worth $5.2 billion by 2028

The report "Industrial Absorbents Market by Material type (natural organic & inorganic, synthetic), Product (pads, booms & socks), Type (universal, oil-only, HAZMAT), End-use industry (oil & gas, chemical, food processing), and Region - Global forecast to 2028", size is projected to grow from USD 4.3 billion in 2023 and reach USD 5.2 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. The exponential growth of the industrial absorbents market is intricately linked to the amplified concern for our ecological well-being. Heightened environmental consciousness has spurred a global call for action, with industries increasingly recognizing the critical role they play in preserving ecosystems. As regulatory bodies tighten the reins on spill management, demanding stringent adherence to laws addressing oil and chemical spills' deleterious effects, industries are compelled to seek effective solutions.

• Published: January 2024

Trailer Telematics Market worth $1.41 billion by 2030

According to a research report "Trailer Telematics Market by Services (GPS Tracking, Cold Chain Monitoring, Weight Utilization, Performance Management, Predictive & Preventive Maintenance), Form (Embedded, Integrated), Component, Trailer Type, Application - Global Forecast to 2030" published by MarketsandMarkets, the trailer telematics market is projected to grow from USD 0.77 billion in 2024 to USD 1.41 billion by 2030, at a CAGR of 10.5% from 2024 to 2030.

• Published: January 2024

Brain Monitoring Market worth $4.8 billion by 2028

The report "Brain Monitoring Market by Devices (EEG, EMG, MEG, ICP, MRI, fMRI, CT) Accessories (Electrode, Sensor), Modality (Portable, Wearable), Indication (Stroke, TBI, Epilepsy, Headache, Sleep), End User (Hospital, Neurology center) - Global Forecast to 2028", size is estimated to be USD 4.8 billion by 2028 from USD 3.5 billion in 2023, at a CAGR of 6.3%. Factors propelling the brain monitoring market include the escalating occurrence and prevalence of neurological disorders, heightened awareness surrounding neurodegenerative diseases, an uptick in traumatic brain injuries, and expanding utilization of brain monitoring in clinical trials.

• Published: January 2024

Personal Cloud Market worth $57.7 billion by 2028

According to a research report "Personal Cloud Market by Type (Online, NAS Device, Server Device), User Type (Enterprise, Consumer), Hosting Type (Provider, User/Self-hosting), Revenue Type (Direct, Indirect), Vertical (IT & ITeS, BFSI, Telecommunications) and Region - Global Forecast to 2028" published by MarketsandMarkets, the personal cloud market size is expected to grow from USD 24.7 billion in 2023 to USD 57.7 billion by 2028 at a compound annual growth rate (CAGR) of 18.5% during the forecast period. The global personal cloud market has witnessed a drastic rise in recent years, fueled by the ever-growing need for individuals to seamlessly manage and access their digital data across multiple devices. This dynamic landscape has seen a proliferation of personal cloud solutions that provide users with a secure and convenient platform to store, share, and retrieve their files, photos, and documents. The demand for personal cloud is rising as the world becomes increasingly interconnected, reshaping the way individuals interact with their digital content.

• Published: January 2024

CBRN Defense Industry worth $21.4 billion by 2028

According to a research report "CBRN Defense Market by Type, End Use, Equipment (Protective Wearables, Respiratory Systems, Detection & Monitoring Systems, Decontamination Systems, Simulators, Information Management Software) & Region – Global Forecast to 2028" The CBRN Defense Industry is estimated at USD 16.1 billion in 2023 and is projected to reach USD 21.4 billion by 2028, at a CAGR of 5.8 % from 2023 to 2028. Governments, armed forces, and first responders employ defense measures to counter Chemical, Biological, Radiological, Nuclear (CBRN), and high yield explosives threats. These solutions encompass detection, identification, and prevention techniques. The CBRN defense market has experienced significant evolution, driven by escalating geopolitical tensions. Modern technologies like virtual reality, augmented reality, and the Internet of Things (IoT) have been introduced on the supply side of the market. Anticipated exponential growth is attributed to the growing demand for CBRN defense equipment across various industries, supported by increased global military spending.

• Published: January 2024