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Home › Press Releases
Press Releases
Title | Date |
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Modular Data Center Market worth $79.49 billion by 2030According to a research report "Modular Data Center Market by Solutions (All-in-one and Prefabricated Modules (IT, Power, Cooling)), Form Factor (ISO Containers (20 feet, 40 feet), Enclosures, Skid-mounted), Build Type (Semi & Fully-prefabricated) - Global Forecast to 2030" published by MarketsandMarkets, the Modular Data Center Market is expected to grow from USD 29.93 billion in 2024 to USD 79.49 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period. The combined usage of AI and machine learning is expected to fuel the demand for modular data center market across the world. The modular data centers are gaining popularity among end users like cloud service providers (CSPs), telecom service providers, and enterprises in verticals including BFSI, IT & ITeS, and Healthcare & Life Sciences to achieve scalability and operational efficiency at a lower cost. The increased investment in automation and advanced analytics is already increasing the use of modular solutions for infrastructure management and real-time processing. These advancements will enhance decision-making, optimize resource utilization, and proactively manage data center operations, driving future market growth. ...... Read More |
November 5, 2024 |
Aerospace Testing Industry worth $6.68 billion by 2029The report "Aerospace Testing Market by Material Testing, Environmental Testing, Structural/Component Testing, Avionics/Flight & Electronics Testing, Propulsion System Testing, In-house, Commercial, Military & Defence, Space Exploration - Global Forecast to 2029" The global Aerospace testing market was valued at USD 5.29 billion in 2024 and is projected to reach USD 6.68 billion by 2029; it is expected to register a CAGR of 4.8% during the forecast period ...... Read More |
November 5, 2024 |
Agriculture Drones Market worth $8.03 billion by 2029According to a research report "Agricultural Drones Market by Payload Capacity (Small Payload Drones, Medium Payload Drones, Large Payload Drones), Component, Technology Type, Offering Type, Farm Produce, Farm Size, Range, Application and Region - Global Forecast to 2029" published by MarketsandMarkets, the agriculture drones market is estimated at USD 2.00 billion in 2024 and is projected to reach USD 8.03 billion by 2029, at a CAGR of 32.0% from 2024 to 2029. ...... Read More |
November 5, 2024 |
Particle Counters Market worth $986.3 million by 2029The report "Particle Counters Market by Type (Air Particle Liquid Particle) Application (Cleanroom Monitoring, Contamination (Liquid, Chemical), Aerosol, Indoor Air], End User (Pharma, F&B, Chemical, Semiconductor, Aerospace, Research) - Global Forecast to 2029", is estimated to reach USD 986.3 million by 2029 from USD 625.3 million in 2024, at a CAGR of 9.5% during the forecast period. ...... Read More |
November 5, 2024 |
Electronic Waste Recycling Market worth $66.33 billion in 2029The report "Electronic Waste Recycling Market by Source (Household Appliances, Consumer Electronics, IT & Telecommunication, Mobile Computing Devices), Materials (Glass, Metal, Plastics), Technology, and Region - Global Forecast to 2029", size is expected to reach USD 66.33 billion in 2029 from USD 48.41 billion in 2024, at a CAGR of 6.5% from 2024 to 2029. ...... Read More |
November 5, 2024 |
Urea Market worth $93.25 billion by 2029The report "Urea Market by Grade (Agricultural, Technical, Feed, Medical), Product Type (Granular, Prilled), End-Use Industry (Agriculture, Chemical, Automotive, Medical), Application, Technology & Region - Global Forecast to 2029", is projected to reach USD 93.25 billion by 2029 from USD 80.25 billion in 2024, at a CAGR of 3.05% during the forecast period. Urea is an essential chemical for several industries, which are agriculture, pharmaceutical, and industrial applications. Being a fertilizer rich in nitrogen, it enhances agricultural productivity by supplementing crops with necessary nutrients that lead to food security and efficient farming. However, urea also faces challenges that include competition from other fertilizers and hence is concerning people due to the environmental impacts of urea. More recent innovations have led to controlled-release urea fertilizers, which ensure the release of nitrogen progressively and thereby avoid most of the risks associated with nutrient leaching and volatilization. On a positive note, there are opportunities for this market through optimizing the production processes. ...... Read More |
November 4, 2024 |
Quantum Communication Market worth $5.54 billion by 2030According to a research report "Quantum Communication Market by Solution (Quantum Detectors, Quantum Key Distribution (QKD), Quantum Random Number Generator (QRNG), Quantum-safe Cryptography), QKD Transmission Type (Fiber-based and Free-space/Satellite-based) - Global Forecast to 2030" published by MarketsandMarkets, the global quantum communication market size is projected to grow from USD 0.74 billion in 2024 to USD 5.54 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 39.6% during the forecast period. Increasing investment in research and development (R&D) from both public and private sectors reflects the strategic importance of quantum technologies. Initiatives like the U.S. National Quantum Initiative and the European Quantum Flagship program focus on advancing quantum communication. Also, the U.S. National Science Foundation is investing USD 39 million in the ExpandQISE program to enhance quantum research at various institutions across America. Hence, this heightened focus on R&D is propelling the adoption of quantum communication solutions across various industries, including telecommunications and finance. ...... Read More |
November 4, 2024 |
Relay Market worth $15.20 billion by 2030According to a research report "Relay Market by Type (Electromechanical, Thermal, Reed, Time, Solid State), Voltage Range (Low, Medium, High), Mounting Type (Panel, PCB, DIN Rail, Plug-In), Application (Protection, Monitor, Control), Verticals and Region - Global Forecast to 2030" published by MarketsandMarkets, the Relay market is anticipated to grow from an estimated USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0% during the forecast period. The increasing incorporation of renewable energy sources that are subject to intermittency such as, solar energy wind energy, into electrical grids brings new obstacles. This is because relay systems help maintain stability in the grid by managing power variations, connecting different sources of energy seamlessly, and protecting the grid against faults. With the increase of renewable penetration, relays assist in controlling the voltage and frequency so as to protect the system and the energy from the volatile nature of renewable energy sources. Advanced relay solutions thus become inevitable to make certain structures balancing and supplying energy are trustworthy. ...... Read More |
November 4, 2024 |
Al in Pathology Market worth $169.8 million by 2029The report "Al in Pathology Market by Neural Network (GAN, CNN, RNN), Function (Diagnostic, Image Analysis, CDSS, Data Management, Analytics), Use Case (Drug Discovery, Clinical workflow), End User (Hospital, Labs, Pharma/Biotech), & Region - Global Forecast to 2029", is projected to reach USD 169.8 million by 2029, up from USD 82.8 million in 2024, at a high CAGR of 15.4 % during the forecast period. ...... Read More |
November 4, 2024 |
Home Automation System Industry worth $73.49 billion by 2029The report "Home Automation System Market by Lighting Controls, Smart Speakers, Entertainment Controls, HVAC Controls, Security & Access Controls, Wired, Wireless, Behavioral, Proactive, Multi-family Residence, Single - family Residence Global Forecast to 2029" The home automation system market was valued at USD 57.67 billion in 2024 and is projected to reach USD 73.49 billion by 2029; it is expected to register a CAGR of 5.0% during the forecast period. ...... Read More |
November 4, 2024 |
Coating Resins Market worth $57.34 billion by 2029The report "Coating Resins Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Vinyl), Technology (Waterborne, Solventborne, Powder), Application (Architectural, Protective, General Industrial, Automotive, Wood, Packaging), & Region - Global Forecast to 2029", size is projected to reach a market size of USD 57.34 billion by 2029 from USD 45.28 billion in 2024, at a CAGR of 4.8%. Asia Pacific accounted for the largest share of coating resins in 2023. Coating resins are largely used in architectural and industrial applications. The acrylic resin segment is projected to be the largest share due to its use in various applications, such as architectural coatings, floor finishes, and automotive coatings. Emerging nations, such as China, India, Indonesia, and Brazil, are expected to play a crucial role in driving the coating resins market forward. ...... Read More |
November 1, 2024 |
Steam Trap Industry worth $5.57 billion by 2029According to the new market research report "Steam Trap Market by Mechanical (Ball Float, Inverted Bucket), Thermodynamic, Thermostatic (Balanced Pressure, Bimetallic, Liquid Expansion, Bellowed), Steel, Iron, Tracing, Drip, Process, Screwed, Flanged, Swivel, Oil & Gas - Global Forecast to 2029" The global steam trap market is expected to be USD 5.57 billion by 2029 from USD 4.57 billion by 2024, at a CAGR of 4.1% during the forecast period. The steam trap market is driven by several key factors, including the rising demand for energy-efficient solutions, stimulated by a greater need to save energy and decrease operational costs. Increased use of automation within a steam system also helps in further increasing growth for this market as automated solutions enhance performance while reducing manual intervention. The pressure to increase manufacturing efficiency, while also maintaining environmentally stringent compliance, has started to force industries into investing in even more advanced steam trap technologies-fitting the platform of the sustainability model. ...... Read More |
November 1, 2024 |
Latent TB Testing Market worth $773.4 million by 2029The report "Latent TB Testing Market by Test Type (Tuberculin Skin Test/TST, IGRA Test), Application (Household Contacts (HHC) of Tuberculosis (TB) Patients, People Living with HIV), End User (Diagnostic Labs, Hospitals), Region - Global Forecast to 2029", is valued at an estimated USD 582.5 million in 2024 and is projected to reach USD 773.4 million by 2029 at a CAGR of 5.8% during the forecast period. ...... Read More |
November 1, 2024 |
Marine Vessels Industry worth $133.63 billion by 2030The report "Marine Vessels Market by Ship Type (Destroyer, Frigate, Corvette, Patrol Vessels, Passenger Vessels, Container Vessels, Tanker), Tonnage (100 - 500 DWT, 500 - 5,000 DWT, 5,000 - 15,000 DWT, >15,000 DWT), Operation and Region - Global Forecast to 2030" The global marine vessels market is projected to reach USD 133.63 billion by 2030, from USD 111.10 billion in 2024, at a CAGR of 3.1%. The growth of international trade is the primary driver in the marine vessels market. This growth increased the demand for commercial ships that transport goods worldwide. Military navies are also expanding and updating their fleets to improve their capabilities, which adds to market activity. The rising demand for passenger travel and tourism is creating a need for more vessels, such as ferries and cruise ships. Additionally, efforts to replace older ships with newer, more efficient models are supporting the growth and modernization of the marine vessels market. ...... Read More |
November 1, 2024 |
Packaging Coatings Market worth $5.37 billion by 2029The report "Packaging Coatings Market by Technology (Waterborne, Solventborne, Energy Curable, Digital), Resin (Polyurethane, Epoxy, Acrylic, Polyester), Application (Rigid, Flexible, Paper), Printing Process, End-use Industry - Global Forecast to 2029", is projected to grow from USD 4.21 billion in 2024 to USD 5.37 billion by 2029, at a CAGR of 5.0% between 2024 and 2029. North America is the one of the largest markets for packaging coatings. The demand for different resin used in packaging coatings is experiencing significant growth across various industries, including food & beverage, industrial goods, medical & pharma, caps & closures, and more. Emerging nations such as India, Canada, Brazil, China and Mexico are expected to play a crucial role in driving the global packaging coatings market forward. ...... Read More |
October 31, 2024 |
Occupancy Sensor Industry worth $5.20 billion in 2030The report "Occupancy Sensor Market by Type (Wall Mount, Ceiling Mount, Desk), Operation (Indoor, Outdoor), Connectivity (Wireless, ZigBee, Z-wave), Technology (Passive Infrared, Ultrasonic, Dual Technology, Image Processing), Installation - Global Forecast to 2030" The global occupancy sensor market is expected to reach USD 5.20 billion in 2030 from USD 2.75 billion in 2024, at a CAGR of 11.2% during the forecast period. As organizations and homeowners look to save energy and reduce utility costs, occupancy sensors can offer effective solutions by simply adjusting lighting, heating, or cooling based on instantaneous data for occupancy. The emergence of smart building technologies and the Internet of Things makes it easier to build automated systems in which occupancy sensors are integrated. Coupled with regulatory pressures for sustainability and energy conservation, there is ongoing demand for occupancy sensors as critical components of modern energy management strategies. ...... Read More |
October 31, 2024 |
Advanced Visualization Market worth $6.55 billion by 2029The report "Advanced Visualization Market by Type (Enterprise, Standalone), Modality (MRI, CT, PET, Ultrasound, Radiotherapy, Nuclear Medicine), Application (Radiology, Oncology, Neuro), End User (Hospital, ASC, Diagnostic Center) & Region - Global Forecast to 2029 ", is projected to reach USD 6.55 billion by 2029 from USD 3.78 billion in 2024, at a CAGR of 11.7% during the forecast period. ...... Read More |
October 31, 2024 |
NFC Industry worth $30.55 billion by 2029The report "NFC Market by Offering (NFC ICs, NFC Antennas, NFC Tags, NFC Readers), Operating Mode (Reader Emulation, Peer-to-Peer, Card Emulation), Use Cases (Payment and Transactions, Product Identification, Ticketing, Access Control) - Global Forecast to 2029" The global NFC market will USD 30.55 billion by 2029 from USD 21.69 billion by 2024, at a CAGR of 7.1% during the forecast period. Rapid industrialization and urbanization prevail largely in the emerging economies of China and India, particularly through the development of smart cities. Gradual concentration in industrial development has increased demand for the infrastructure required in cities. This would eventually lead to the development of educational & healthcare institutions, public administration offices, shopping malls, stores, and warehouses. This, in turn, will boost the demand for advanced NFC solutions and smartcard, particularly in technologically advancing countries such as India, China, and Brazil. ...... Read More |
October 30, 2024 |
Sugar Substitutes Market worth $29.90 billion by 2029According to a research report "Sugar Substitutes Market by Type (HFCS, High-intensity Sweeteners, Low-Intensity Sweeteners), Manufacturing Technology (Precision Fermentation, Enzymatic Conversion, Chemical Synthesis), Application, Form, Source, Region - Global Forecast to 2029" published by MarketsandMarkets, the sugar substitutes market is estimated at USD 23.56 billion in 2024 and is projected to reach USD 29.90 billion by 2029, at a CAGR of 4.9% from 2024 to 2029. ...... Read More |
October 30, 2024 |
Biosimulation Market worth $9.18 billion by 2029The report "Biosimulation Market by Offering (Module, Integrated Platform), Application (Disease Modeling, PBPK, PKPD, Trial Simulation, Manufacturing & Supply chain: planning & forecasting), Indication (Cancer, CNS, CVS), End User, & Region - Global Forecast to 2029", is projected to reach USD 9.18 billion by 2029 from USD 4.24 billion in 2024, at a CAGR of 16.7% from 2024 to 2029. ...... Read More |
October 30, 2024 |
Recycled Terephthalic Acid Market worth $2.90 billion by 2029The report "Recycled Terephthalic Acid Market by Process (Hydrolysis, Pyrolysis), Application (Fiber, Films, Resins), End-Use Industry (Textiles, Automotive, Construction, Packaging) - Global Forecast to 2029", size is projected to grow from USD 2.34 billion in 2024 to USD 2.90 billion by 2029, registering a CAGR of 4.4% during the forecast period. Chemically extracted from PET waste - bottles, textiles, and other packaging materials recycled terephthalic acid is an alternative to virgin TPA that has been sourced from petrochemicals in the past. Ongoing environmental awareness, conducive recycling frameworks, and the growing trend toward sustainability in textiles, packaging, construction, and the automotive field are factors driving the recycled terephthalic acid market. National campaigns designed to reduce waste and concentrate on the objectives of the circular economy promote the use of recycled terephthalic acid on a much broader basis. Apart from that, using reclaimed content helps producers achieve environmental goals and attracts environmentally-friendly consumers looking for green products. ...... Read More |
October 30, 2024 |
Digital Identity Solutions Market worth $133.19 billion by 2030According to a research report "Digital Identity Solutions Market by Hardware (RFID Reader & Encoder, Hardware-Based Tokens, Processor ID Cards), Solution type (Identity Verification, Authentication, Identity Lifecycle Management) - Global Forecast to 2030" published by MarketsandMarkets, the global Digital Identity Solutions market size is projected to grow from USD 42.12 billion in 2024 to USD 133.19 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. ...... Read More |
October 30, 2024 |
Post-Consumer Recycled Plastics Market worth $106.97 billion by 2029The report "Post-Consumer Recycled Plastics Market by Source (Bottles, Non-bottle Rigid), Polymer Type, Processing Type (Mechanical, Chemical, Biological), End-use (Packaging, Building & Construction, Automotive, Electronics), and Region - Global Forecast to 2029", The post-consumer recycled plastics market size is projected to grow from USD 71.44 billion in 2024 to USD 106.97 billion by 2029, at a CAGR of 8.4%. ...... Read More |
October 29, 2024 |
Engines Market worth $477.89 billion by 2029According to a research report "Engines Market by Fuel type (Gasoline, Diesel, Natural Gas), Speed (Low, Medium, High , and Very High), Power Rating, End User, & Region - Global Trends & Forecast to 2029" published by MarketsandMarkets, the engines market is forecast to reach USD 477.89 billion by 2029 from an estimated USD 377.83 billion in 2024, at a CAGR of 4.8% during the forecast period (2024-2029). ...... Read More |
October 29, 2024 |
Wearable Technology Industry worth $152.82 billion by 2029The report "Wearable Technology Market by Product (Smart Watch, Fitness Tracker, AR/VR, Smart Clothing & Footwear, Earwear, Exoskeleton, Smart Glasses, Smart Ring, Smart Helmet), Operation (AI-Based, Conventional), Type (Active, Passive) - Global Forecast to 2029" The global wearable technology market is expected to be valued at USD 70.30 billion in 2024 and is projected to reach USD 152.82 billion by 2029; it is expected to grow at a CAGR of 16.8% from 2024 to 2029. Demand for wearables that integrate all computing requirements in one compact device will fuel the market growth. Adoption of wearables in multiple applications. Data-driven performance optimization in sports through real-time monitoring of athlete metrics is pushing the adoption of wearable technology. Growing integration of AR/VR and affordable designs is providing opportunities for wearable technology market growth. ...... Read More |
October 29, 2024 |
DDoS Protection & Mitigation Security Market worth $9.63 billion by 2029According to a research report "DDoS Protection & Mitigation Security Market by Solution Type (Network Traffic Analyzers, Threat Mitigation System, Botnet Detection & Management, Security Information & Event Management, Anomaly Detection, Orchestration & Automation) - Global Forecast to 2029" published by MarketsandMarkets,the DDoS protection & mitigation security market is projected to grow from USD 5.17 billion in 2024 to USD 9.63 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period. DDoS protection and mitigation security growth is driven by several factors, such as the increase and advancement in DDoS attacks, which have created awareness of cyber threats. While the increased use of IoT devices has widened the exposure point, the transition towards the cloud emphasizes achieving protection in scale. Also, cost factors increase consciousness of the legal obligations and defensive potential loss of financial and reputational results from cyber-attacks, forcing organizations to put sound security systems in place. The new generation of the telecommunication network, that is, the 5G network, and the emergence of multi-vector threats also fuel the need for better mitigation strategies. ...... Read More |
October 29, 2024 |
Cold Plasma Market worth $3.66 billion by 2029The report "Cold Plasma Market by Industry (Textile, Electronics & Semiconductors, Polymer & Plastic, Food & Agriculture, Medical, Cosmetic), Application (surface treatment & activation, wound Healing), Regime (Atmospheric, Low Pressure) - Global Forecast to 2029", is projected to reach USD 3.66 billion by 2029 from USD 2.17 billion in 2024, at a CAGR of 11.0% during the forecast period. ...... Read More |
October 29, 2024 |
FSO & VLC / Li-Fi Industry worth $7.39 billion by 2029The report "Free Space Optics (FSO) and Visible Light Communication (VLC)/ Li-Fi Market by FSO Component (Transmitters, Receivers, Modulators & Demodulators), VLC Component (LEDs, Photodetectors, Microcontrollers, Software) - Global Forecast to 2029" The FSO & VLC/Li-Fi market was valued at USD 2.78 billion in 2024 and is projected to reach USD 7.39 billion by 2029, growing at a CAGR of 21.6% from 2024 to 2029. The primary factor driving the growth of VLC/Li-Fi market is the faster and safer data transfer. Data transmission through VLC/Li-Fi is more secure and achieves high data rates compared to conventional wireless technologies such as Wi-Fi, Bluetooth, and Worldwide Interoperability for Microwave Access (WiMAX), which use radio waves for communication. Since light waves do not penetrate walls, they cannot be intercepted and misused. A networking speed of 100 Mbps can easily be obtained with the use of the VLC technology using LEDs. ...... Read More |
October 28, 2024 |
UV-Curable Resins Market worth $9.31 billion in 2029The report "UV-Curable Resins Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylated Oligoamines, Acrylate Oligomers), Application, Technology, End-use Industry and Region - Global Forecast to 2029", size is expected to reach USD 9.31 billion in 2029 from USD 6.48 billion in 2024, at a CAGR of 7.5% from 2024 to 2029. ...... Read More |
October 28, 2024 |
Surface Radars Industry worth $22.49 billion by 2029The report "Surface Radars Market by Platform (Critical Infrastructure, Vehicle-Mounted, Shipborne, Unmanned Surface Vehicles), Application (Surveillance, Air-Defense, Perimeter Security, Battlefield ISR), Frequency Band, Dimension - Global Forecast to 2029" The global surface radars market is projected to reach USD 22.49 billion by 2029, from USD 17.26 billion in 2024, at a CAGR of 5.4%. The volume of surface radars is projected to grow from 4690 (in Units) in 2024 to 6113 (in Units) by 2029. Due to the currently existing conflicts and security threats that cross borders, governments are fortifying their defense capabilities, but most significantly in air defense, maritime surveillance, and critical infrastructure protection. Advanced radar systems are mainly important features of modern military operations because of high precision detection and tracking capabilities and integration with command and control systems. ...... Read More |
October 28, 2024 |
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