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UAV (Drone) Industry worth $48.5 billion by 2029

The report "UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region - Global Forecast to 2029" The UAV (Drone) market is estimated to be USD 30.2 billion in 2024 and is projected to reach USD 48.5 billion by 2029, at a CAGR of 9.9% from 2024 to 2029. The primary impetus for the expansion of the Unmanned Aerial Vehicle (UAV) market stems from robust business demand and rapid technological innovation. Key factors include the adaptation of UAVs for enterprise solutions, such as inventory management and precision agriculture, coupled with significant advancements in robotics and telemetry. The development of regulatory frameworks that facilitate commercial UAV operations has enabled broader adoption, enhancing market penetration. Additionally, the integration of UAVs with next-generation wireless technologies, such as 5G, is catalyzing new use cases in logistics and urban mobility, further driving market growth.

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May 8, 2024

Metalworking Fluids Market worth $14.7 billion by 2029

The report "Metalworking Fluids Market by Type (Straight Oils, Soluble Oils, Semi-synthetic Fluids, Synthetic Fluids), Product Type (Removal Fluid, Protecting Fluids, Forming Fluids, Treating Fluids), End-use Industry - Global Forecast to 2029", size was USD 12.2 billion in 2024 and is projected to reach USD 14.7 billion by 2029, at a CAGR of 3.7%, between 2024 and 2029.

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May 8, 2024

Liquid Biopsy Market worth $11.3 billion by 2029

The report "Liquid Biopsy Market by Product & Service (Kits, Instruments), Circulating Biomarker (CTC, ctDNA, cfDNA), Technology (NGS, PCR), Application (Cancer (Lung, Breast, Prostate), Non-cancer (NIPT, Infectious)), Sample Type (Blood) - Global Forecast to 2029", is valued at an estimated USD 6.4 billion in 2024 and is projected to reach USD 11.3 billion by 2029 at a CAGR of 11.9% during the forecast period.

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May 8, 2024

Mercury Analyzer Industry worth $426 million by 2029

The report "Mercury Analyzer Market by Type (Cold Vapor Atomic Absorption and Cold Vapor Atomic Fluorescence), Monitoring Type (Continuous and Lab), End-Use Industry (Environmental Monitoring, Food Industry) and Region - Global Forecast to 2029" The mercury analyzer market is expected to grow from USD 310 million in 2024 to USD 426 million by 2029, at a CAGR of 6.6% during the forecast period. The implementation of stringent regulations by governments and environmental agencies to monitor and limit mercury emissions and growing awareness about the harmful effects of mercury pollution on human health and the environment are significant factors. Furthermore, increasing industrialization and urbanization in emerging economies, coupled with the emerging application of mercury analyzers in the research field, generates opportunities for market growth.

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May 8, 2024

Operational Technology (OT) Security Industry worth $44.9 billion by 2029

According to a research report "Operational Technology (OT) Security Market by Offering (Solutions & Services), Deployment Mode (On-premises & Cloud), Organization Size (SMEs & Large Enterprises), Vertical (Manufacturing, Oil & Gas, Others), End User & Region - Global Forecast to 2029" published by MarketsandMarkets, the Operational Technology (OT) Security market is expected to grow from USD 20.7 billion in 2024, to USD 44.9 billion by 2029, at a compound annual growth rate (CAGR) of 16.8% during the forecast period. The escalating reliance on Operational Technology (OT) in vital infrastructure underscores the urgency for robust security measures. Unlike Information Technology (IT), OT systems oversee real-time physical processes, rendering them vulnerable to disruptions and attacks. This overview primes a thorough examination of OT security, encompassing its definition, significance, and evolving threat landscape. It delves into critical concepts like attack vectors, threat actors, and security controls while tackling challenges such as system heterogeneity and limited security expertise. Moreover, it delineates prevailing and emerging OT security solutions, encompassing frameworks, products, services, and best practices. SIEM for OT, asset discovery and management, network security, vulnerability management, IAM, and data security are vital components tailored to address OT environments' evolving cyber threats, enhancing overall security posture.

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May 8, 2024

AI in Chemicals Industry worth $3.8 billion by 2029

According to a research report "AI in Chemicals Market by Component (Hardware, Software (by Type, Technology, and Deployment Mode) and Services), Business Application, End User (Basic Chemicals, Active Ingredients, and Paints & Coatings) and Region - Global Forecast to 2029" published by MarketsandMarkets, the market for AI in chemicals is estimated to grow from USD 0.7 billion in 2024 to USD 3.8 billion by 2029 at a CAGR of 39.2% during the forecast period. The chemicals industry is experiencing significant transformations driven by the increased integration of AI in research and development (R&D) processes. Simultaneously, there is a growing demand for AI-enhanced chemical process optimization, aiming for efficiency, cost reduction, and environmental sustainability. These trends are further fueled by opportunities such as the rising demand for AI-based predictive maintenance, leveraging AI's capabilities for proactive equipment upkeep. Additionally, the integration of generative AI is unlocking unprecedented possibilities, revolutionizing product design, and process innovation in the chemicals sector.

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May 7, 2024

Electric Commercial Vehicle Traction Motor Market worth $9.8 billion by 2030

According to a research report "Electric Commercial Vehicle Traction Motor Market by Vehicle Type (Pickups, Medium and Heavy-Duty Trucks, Vans, Buses), Power Output, Motor Type, Transmission, Design, Axle Architecture (Integrated, Central Drive Unit), & Region - Global Forecast to 2030" published by MarketsandMarkets, the global Electric Commercial Vehicle Traction Motor market is projected to grow from USD 2.1 billion in 2024 to USD 9.8 billion by 2030, registering a CAGR of 28.8%.

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May 7, 2024

Veterinary Reference Laboratory Market worth $7.8 billion in 2029

The report "Veterinary Reference Laboratory Market by Service Type (Clinical Chemistry, Immunodiagnostics (ELISA), Molecular Diagnostics (PCR, Microarray)), Application (Pathology, Virology), Animal (Companion, Livestock), & Region - Global Forecast to 2029", is projected to reach USD 7.8 billion in 2029 from USD 4.6 billion in 2024, at a CAGR of 11.2% between 2024 and 2029.

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May 7, 2024

Aerospace Composites Market worth $52.1 billion by 2029

The report "Aerospace Composites Market by Fiber Type (Glass Fiber, Carbon Fiber, Ceramic Fiber), Matrix Type (Polymer Matrix Composite, Metal Matrix Composite, Ceramic Matrix Composite), Manufacturing Process, Aircraft Type, Applications & Region - Forecast to 2029", is estimated at USD 29.1 billion in 2024 and is projected to reach USD 52.1 billion by 2029, at a CAGR of 12.3% from 2024 to 2029. The growth of the aerospace composites market is propelled by a range of factors, including the pursuit of fuel efficiency through reduced aircraft weight, enhanced performance via superior strength-to-weight ratios, and decreased maintenance needs due to resistance to environmental degradation. Regulatory pressures for lower emissions and advancements in material science and manufacturing technology further drive the adoption of composites. The flexibility in design that composites offer facilitates aerodynamically superior aircraft structures, catering to rising global air traffic and robust military demands. Additionally, the industry's shift towards sustainability, seeking materials that not only perform efficiently but also have a reduced environmental impact throughout their lifecycle, significantly influences the expansion of composite applications in aerospace.

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May 7, 2024

Virtual Reality Industry worth $38.0 billion by 2029

The report "Virtual Reality Market by Technology (Non-immersive, Semi & Fully Immersive), Offering, Device Type (Head-mounted Devices, Gesture Tracking Devices, Projectors & Display Walls), Application and Region - Global Forecast to 2029" The global virtual reality market was valued at USD 15.9 billion in 2024 and is projected to reach USD 38.0 billion by 2029; it is expected to register a CAGR of 19.1% during the forecast period. The rise in demand for virtual reality device is attributed to the growing penetration of the Metaverse, Rapid adoption of digital technologies in healthcare and gaming & entertainm sectors, Increased investments in virtual reality market,  and Significant adoption of HMDs across various sectors

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May 7, 2024

Injectable Drug Delivery Market worth $1139.4 billion by 2029

The report "Injectable Drug Delivery Market by Type (Device, Formulation), Therapeutic (Infectious diseases,Cancer), Usage Pattern (Immunization), Administration (Skin, Musculoskeletal), Distribution Channel ,Patient Care Setting, & Region - Global Forecast to 2029 ", is valued at an estimated 754.5 billion in 2024 and is projected to reach USD 1139.4 billion by 2029, at a CAGR of 8.6% during the forecast period.

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May 6, 2024

Cloud-based Contact Center Industry worth $86.4 billion by 2029

According to a research report "Cloud-based Contact Center Market by Offering (Software by Engagement Type and Services), Communication Channel (Voice, Digital, and Self-service), Application (Marketing Automation, Helpdesk Management), Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the cloud-based contact center market is projected to grow from USD 26.2 billion in 2024 to USD 86.4 billion by 2029, at a compound annual growth rate (CAGR) of 26.9% during the forecast period. The cloud-based contact center market is expected to grow significantly during the forecast period, owing to various business drivers like rising requirement for customized and streamlined engagements, increasing significance of social media in contact center operations, sustained adoption of cloud technology in contact center infrastructure, and rapid rise in the implementation of next-gen contact center technologies.

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May 6, 2024

Sustainable Manufacturing Industry worth $367.2 billion by 2029

The report "Sustainable Manufacturing Market by Offering (Recycled Lithium Ion Batteries, Recycled Metals, Recycled Plastics, Recycled Carbon Fiber, Natural Fiber Composites, Bioplastics & Biopolymers, Water Recycle & Reuse) and Region - Global Forecast to 2029" The global sustainable manufacturing market is expected to be valued at USD 215.4 billion in 2024 and is projected to reach USD 367.2 billion by 2029; it is expected to grow at a CAGR of 11.3 % from 2024 to 2029. Several factors are propelling the growth of the Sustainable manufacturing market across diverse industries, including recycled materials, energy-efficient processes, and biobased materials. Regulatory policies, cost savings, and consumer demand for eco-friendly products drive the market for these offerings. Technological advancements, industry collaborations, and certifications enable efficient practices and promote the best standards, accelerating growth in the market.

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May 6, 2024

Luxury Vinyl Tiles Market worth $35.9 billion by 2029

The report "Luxury Vinyl Tiles Market by Type (Rigid And Flexible), End-Use Sector (Residential And Commercial), And Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) - Global Forecast to 2029", is projected to grow from USD 18.8 billion in 2024 to USD 35.9 billion by 2029, at a CAGR of 13.7% during the forecast period. The luxury vinyl tiles market is projected to increase in parallel to the growth of the construction industry across the globe. Factors such as an innovation in flooring solutions, increase in the residential and non-residential constructions, rising number of remodeling projects, along with a high demand for durable LVTs that can resist various weathering actions and chemical attacks & deterioration are factors expected to support the market growth during the forecast period.

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May 6, 2024

IoT Technology Industry worth $1,377.8 billion by 2029

The report "IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography - Global Forecast to 2029" The IoT technology market is projected to grow from USD 945.6 billion in 2024 to USD 1,377.8 billion by 2029, registering a CAGR of 7.8% during the forecast period. The market growth is attributed to increased potential for the incorporation of IoT in electric and hybrid vehicles and accelerated IoT adoption in the healthcare sector. Furthermore, the government incentives and aids for development of IoT technologies   and rise in the development of smart cities are expected to create lucrative opportunities for the market.

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May 3, 2024

Armored Vehicles Industry Worth $60.7 billion by 2029

The report "Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Vehicles), Mobility (Wheeled, Tracked), Type, Systems, Mode of Operation (Manned, Unmanned), Point of sale and Region - Global Forecast to 2029" The market is valued at USD 51.6 billion in 2024 and is projected to reach USD 60.7 billion by 2029, at a CAGR of 3.3% from 2024 to 2029. The armored vehicle market experiences growth and evolution driven by various factors. Rising geopolitical tensions and terrorism prompt nations to enhance defense capabilities, fueling demand for armored vehicles. Global military modernization programs, aiming to replace aging fleets with advanced technology-equipped vehicles, boost market demand. Innovations in armor materials, vehicle design, and weapon systems attract investments and propel market growth.

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May 3, 2024

Rare Earth Metals Market worth $10.9 billion by 2029

The report "Rare Earth Metals Market by Type (Cerium Oxide, Lanthanum Oxide, Neodymium Oxide, Yttrium Oxide, Europium Oxide), Application (Permanent Magnets, Metal Alloys, Glass Polishing, Glass Additives, Phosphors, Catalysts), and Region - Global Forecast to 2029", size is projected to grow from USD  6.0 billion in 2024 and is projected to reach USD  10.9  Billion by 2029, at a CAGR of 12.6%. The increasing use of rare-earth elements in permanent magnet applications is expected to fuel the growth of the rare-earth metals market. The Asia-Pacific (APAC) region is the fastest-growing market for rare-earth metals due to increased production and consumption in China. The substantial use of permanent magnets in various industries provides a strong boost to these advanced materials, propelling the rare-earth metals market in the region.

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May 3, 2024

Digital Map Industry worth $47.8 billion by 2029

According to a research report "Digital Map Market by Offering (Solutions and Services), Mapping Type (Outdoor Mapping, Indoor Mapping, and 3D and 4D Metaverse), Purpose (Navigation Maps, Satellite Maps, Thematic Maps), Scale, Application, Vertical and Region - Global Forecast to 2029" published by MarketsandMarkets, the digital map market is expected to grow from USD 28.3 billion in 2024 to USD 47.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period. A digital map visually represents spatial information, including streets, landmarks, topography, transportation networks, points of interest, and more. To create detailed and interactive representations of the physical world, utilize various data sources and technologies, including satellite imagery, aerial photography, geographic information systems (GIS), and crowdsourced data.

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May 3, 2024

Railway Management System Industry worth $87.3 billion by 2029

According to a research report "Railway Management System Market by Offering (Solutions, Services), Solutions (Rail Operations Management, Rail Traffic Management, Rail Asset Management, In-train Intelligent Solutions) and Region - Global Forecast to 2029" published by MarketsandMarkets, the railway management system market size is projected to grow from from USD 57.1 billion in 2024 to USD 87.3 billion by 2029, at a CAGR of 8.9% during the forecast period. Innovations such as Internet of Things (IoT), artificial intelligence (AI), big data analytics, and cloud computing are transforming the railway management landscape. These technologies enable predictive maintenance, automated operations, and data-driven decision-making, leading to better performance and reliability.

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May 2, 2024

Savory Ingredients Industry worth $12.1 billion by 2029

According to a research report "Savory Ingredients Market by Ingredient Type (Monosodium Glutamate, Yeast Extracts, HVPS, HAPs, Nucleotides), Form (Powder, Liquid), Origin (Natural, & Synthetic), Application (Food, Feed) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global savory ingredients market, valued at USD 9.4 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 12.1 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 5.2% during the forecast period.

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May 2, 2024

Cardiac Monitoring & Cardiac Rhythm Management Devices Market worth $26.4 billion by 2029

The report "Cardiac Monitoring & Cardiac Rhythm Management Devices Market by Monitoring (ECG (Holter, ILR), COM), Rhythm Management (Defibrillators (ICD, AED), Pacemaker), Application (Heart Failure, Arrhythmias, MI), Procedure (Invasive) - Global Forecast to 2029"global cardiac monitoring & cardiac rhythm management devices market is expected to reach USD 26.4 billion by 2029 from USD 21.3 billion in 2024, at a CAGR of 4.3% during the forecast period.

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May 2, 2024

Automated Material Handling Equipment Industry worth $51.0 billion by 2029

The report "Automated Material Handling Equipment Market by Product (Autonomous Mobile Robots, Cobot Palletizers, Automated Storage & Retrieval Systems, Conveyors Systems, Warehouse Management System, Automated Guided Vehicles), Region - Global Forecast to 2029" The global Automated Material handling Equipment market size is anticipated to grow from USD 33.3 billion in 2024 to USD 51.0 billion by 2029, at a CAGR of 8.9% from 2024 to 2029. The rapid advancement in integrating Industry 4.0 principles with automated material handling equipment,  combined with the incorporation of IoT and data analytics, alongside heightened labor expenses and safety concerns, is expected to drive the expansion of the Automated Material Handling Equipment Market.

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May 2, 2024

Engineered Wood Adhesives Market worth $10.5 billion in 2029

The report "Engineered Wood Adhesives Market by Resin (Melamine Formaldehyde, Phenol Resorcinol Formaldehyde), Product (CLT, OSB, MDF, LVL), Technology (Solvent-Based, Water-Based), Application (Structural, Non-Structural), and Region - Global Forecast to 2029", size is projected to grow from USD 8.7 billion in 2024 to USD 10.5 billion in 2029, at a CAGR of 3.7%. The construction industry’s demand for eco-friendly and healthier adhesives and the rising need to improve performance, durability, and aesthetics are key factors contributing to the growth of the engineered wood adhesives market. The growing investment in emerging markets is expected to create growth opportunities for the market players globally. However, stringent and time-consuming regulatory policies act as a challenge for market players.

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May 2, 2024

Automotive E-Compressor Industry worth $18.9 billion by 2033

According to a research report "Automotive E-Compressor Market by Compressor Type (Scroll, Rotary Screw, Centrifugal, Reciprocating, Axial), Technology (VFD, Fixed Speed), Capacity (Small, Medium, Large), Vehicle Type, Propulsion (BEV, PHEV, HEV & FCEV) - Global Forecast to 2033" published by MarketsandMarkets, the automotive e-compressor market is projected to reach USD 18.9 billion by 2033, from an estimated USD 6.6 billion in 2024, at a CAGR of 12.5% during the forecast period.

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May 1, 2024

Enteral Feeding Devices Market worth $5.6 billion in 2029

The report "Enteral Feeding Devices Market by Type (Tubes, Pump, Syringes, Administration Sets), Age Group (Adult, Pediatric), Application (Oncology, Gastrointestinal, & Neurological Disorders, Diabetes), End User (Hospital, Home Care, ACS) - Global Forecast to 2029", is projected to reach 5.6 billion in 2029 from USD 4.0 billion in 2023, at a CAGR of 6.2% between 2023 and 2029.

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May 1, 2024

Medical Sensors Industry worth $3.6 billion by 2029

The report "Medical Sensors Market by Sensor Type (Pressure, Temperature, ECG, Image, Touch, Blood Oxygen, Blood Glucose Sensor), End-Use Product, Medical Procedure (Invasive, Noninvasive), Device Classification, Medical Facility & Region - Global Forecast to 2029" The medical sensors market is valued at USD 2.4 billion in 2024 and is projected to reach USD 3.6 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Rising demand for wearable medical devices, growing elderly population and increasing life expectancy, burgeoning expenditure on healthcare, increasing adoption of sensors in portable and connected medical devices, and surging adoption of IoT-based medical devices.

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May 1, 2024

Perimeter Security Industry worth $114.2 billion by 2029

According to a research report "Perimeter Security Market by Component (Systems & Services), System (Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarm & Notification Systems, Barrier Systems), Services Region - Global Forecast to 2029" published by MarketsandMarkets, the global Perimeter Security market size is projected to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029 at a CAGR of 7.0% during the forecast period. The perimeter security market is primarily driven by rising security concerns from terrorism, criminal activities, and illegal immigration. Technological advancements in surveillance and detection, such as intelligent video analytics and biometric systems, and the need to secure critical infrastructure in key sectors are significant contributors. Regulatory demands and the integration of AI and ML technologies also boost the market, enhancing system adaptability and effectiveness.

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May 1, 2024

Oxygen-Free Copper Market worth $40.4 billion by 2029

The report "Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wires, Strips, Busbar & Rods), End-use Industry (Electronics & Electrical, Automotive), and Region( North America, Europe, APAC, MEA, South America) - Global Forecast to 2029", size is projected to grow from USD 30.9 billion in 2024 to USD 40.4 billion by 2029, at a CAGR of 5.5% during the forecast period.

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May 1, 2024

Dental Bone Graft Substitutes Market worth $1.8 billion in 2029

The report "Dental Bone Graft Substitutes Market by Type ( Xenograft, Allograft, Synthetic Bone Grafts, Alloplast), Application (sinus Lift, Ridge Augumentation, Socket Preservation), Product (BioOss, Osteograf, Grafton), End User, Region- Global Forecast to 2029", is projected to reach 1.8 billion in 2029 from USD 1.3 billion in 2024, at a CAGR of 7.7% between 2024 and 2029.

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April 30, 2024

In-building Wireless Industry worth $35.5 billion by 2029

According to a research report "In-building Wireless Market by Offering (Infrastructure (DAS, Small Cells), Services), Business Model, Building Size, End User (Commercial Campuses, Transportation & Logistics, Entertainment & Sports Venues) and Region - Global Forecast to 2029" published by MarketsandMarkets, the In-building wireless market is expected to reach USD 35.5 billion by 2029 from USD 20.0 billion in 2024, at a CAGR of 12.1 % during 2024–2029.  

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April 30, 2024

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