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Home › Press Releases
Press Releases
Title | Date |
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Text-to-Speech Industry worth $7.6 billion by 2029The 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. ...... Read More |
January 17, 2024 |
Automotive Brake System Market worth $30.1 billion by 2028According 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 23.5 billion in 2023 to USD 30.1 billion by 2028 at a CAGR of 5.1% during the forecast period. ...... Read More |
January 17, 2024 |
Carbon Fiber Market worth $23.2 billion by 2033The report "Carbon Fiber Market by Raw Material Type (PAN, Pitch), Fiber Type (Virgin, Recycled), Product Type, Modulus (Standard, Intermediate, High), Application (Composites, Non-Composites), End-Use Industry, & Region - Global Forecast to 2033", is estimated at USD 7.1 billion in 2023 and is projected to reach USD 23.2 billion by 2033, at a CAGR of 12.6% from 2023 to 2033. The growth of the carbon fiber market is being driven by a number of factors, including the The increasing demand for lightweight and fuel-efficient materials in the aerospace industry, Growing industrialization and rising disposable income in developing economies have contributed to the growth of the automotive industry and, in turn, the demand for carbon fibers. The high cost of carbon fiber production remains a concern that could hinder market growth. The growing adoption of carbon fibers in wind energy and renewable energy sectors has boosted the carbon fiber market. ...... Read More |
January 17, 2024 |
AI Data Management Market worth $70.2 billion by 2028According 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. ...... Read More |
January 17, 2024 |
Exosome Research Market worth $356 million by 2028The report "Exosome Research Market by Product & Service (Kits, Reagents (Antibodies, Isolation Purification), Instruments), Indication (Cancer, Infectious Diseases), Application (Biomarkers, Vaccines), Manufacturing Services (Stem cell) - Global Forecast to 2028", is projected to reach USD 356 million by 2028 from an estimated USD 169 million in 2023, at a CAGR of 16.0% during the forecast period. Growing interest in exosome-based therapies, and the rising prevalence of chronic diseases like cancer has attracted substantial funding and investment from both public and private sources. This financial support is crucial for research and development efforts. However, regulatory uncertainty in exosome research is the factor restraining market growth. ...... Read More |
January 17, 2024 |
Industrial Absorbents Market worth $5.2 billion by 2028The 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. ...... Read More |
January 16, 2024 |
SiC-On-Insulator and Other Substrates Industry worth $149 million by 2029The 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. ...... Read More |
January 16, 2024 |
Sweeteners Industry worth $125.1 billion by 2028According 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. ...... Read More |
January 16, 2024 |
Data Mesh Market worth $2.5 billion by 2028According 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. ...... Read More |
January 16, 2024 |
Brain Monitoring Market worth $4.8 billion by 2028The 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. ...... Read More |
January 16, 2024 |
Personal Cloud Market worth $57.7 billion by 2028According 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. ...... Read More |
January 15, 2024 |
Ophthalmic Equipment Market worth $88.5 billion by 2029The report "Ophthalmic Equipment Market by Devices (Surgical: Vitreoretinal, IOLs, OVDs, Contact Lens, RGP Lens, Backflush; Diagnostic & Monitoring: OCT, Autorefractor, Keratometer, Tonometer, Ophthalmoscope, OVD), End User, Buying Criteria - Global Forecast to 2029", is valued at an estimated USD 66.2 billion in 2023 and is projected to reach USD 88.5 billion by 2029, at a CAGR of 4.9% during the forecast period. Rise in cataract diseases, glaucoma cases on the rise, refractive vision diseases increasing, retinopathy caused by diabetes, presbyopia leading to vision degeneration, age-related macular degeneration, rise in minimally invasive procedures, increase in healthcare expenditures, GDP expenditures on the rise, growing awareness of eye health, rising adoption for advanced tools and increase in treatment for eye diseases at an early stage. ...... Read More |
January 15, 2024 |
FPGA Industry worth $25.8 billion by 2029The report "FPGA Market by Configuration (Low-end FPGA, Mid-range FPGA, High-end FPGA), Technology (SRAM, Flash, Antifuse), Node Size (≤16 nm, 20-90 nm, >90 nm), Vertical (Telecommunications, Data Center & Computing, Automotive) & Region - Global Forecast to 2029" The FPGA market is projected to grow from USD 12.1 billion in 2024 and is estimated to reach USD 25.8 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.4% from 2024 to 2029. ...... Read More |
January 15, 2024 |
CBRN Defense Industry worth $21.4 billion by 2028According 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. ...... Read More |
January 15, 2024 |
Construction Adhesive Tapes Market worth $3.6 USD billion by 2028Thereport "Construction Adhesive Tapes Market by Technology, Resin Type, Application, End-Use Industry (Non-Residential, Residential), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2028", size is expected to witness a CAGR of 5.7% and is 2.7 billion in 2023 and is estimated to reach 3.6 USD billion by 2028. The activities related to building and construction are still a major driving force behind this increased demand. Due to their many uses, these adhesive tapes are becoming more and more important in a variety of building tasks. ...... Read More |
January 15, 2024 |
Drylab Photo Printing Industry worth $0.4 billion by 2029The report "Drylab Photo Printing Market by Offering (Printers, After-sales Services), Connectivity (Wired, Wireless), Print Width (Below 4 Inches, 4 Inches-6 Inches, Above 6 Inches), End-user (Consumer, Commercial) and Region - Global Forecast to 2029" The drylab photo printing industry size is expected to reach USD 0.4 billion by 2029 from 0.3 billion in 2024, at a CAGR of 5.4% during the 2024-2029 period. Various companies are investing in drylab photo printing, which gives an opportunity for growth in the drylab photo printing market. The drylab photo printing market is in the development phase at present, with the presence of multiple players offering drylab photo printers. Asia Pacific is likely to contribute significantly to the growth of the drylab photo printing industry. Similarly, Europe, North America, and RoW regions are expected to be the growing market for the forecasted period. ...... Read More |
January 12, 2024 |
Hydrogen Hubs Industry worth $6.3 billion by 2030The report "Hydrogen Hubs Industry by Industry (Automotive, Aviation, Marine), Supply Technique (SMR, Electrolysis), End Use (Liquid Hydrogen, Hydrogen Fuel Cell) & Region (North America, Europe, APAC, MEA, & Latin America) - Global Forecast to 2030" The Hydrogen Hubs Industry is valued at USD 1.9 billion in 2023 and is projected to reach USD 6.3 billion by 2030, at a CAGR of 18.7% from 2023 to 2030. The hydrogen hubs market is set for substantial growth between 2023 and 2030, propelled by global efforts to decarbonize and transition to cleaner energy sources. Growing demand for hydrogen, valued for its versatility and low-carbon attributes, is further stimulated by government commitments to ambitious climate goals, resulting in significant investments in hydrogen projects and a supportive regulatory framework. The concurrent focus on green and blue hydrogen production, combined with technological advancements, enhances the efficiency and competitiveness of hydrogen hub companies. Industries, recognizing hydrogen's pivotal role in sustainability, are directing investments toward on-site infrastructure development to ensure a dependable supply chain. The anticipated expansion of hydrogen applications in transportation and industrial processes reinforces the optimistic growth trajectory, marking a transformative phase in the global energy landscape. ...... Read More |
January 12, 2024 |
Electronic Wet Chemicals Market worth $5.4 billion by 2028The report "Electronic Wet Chemicals Market by Type (Acetic Acid, Isopropyl Alcohol, Phosphoric Acid) Form (Liquid Form, Solid Form, Gas Form) Application (Semiconductor, IC Packaging, PCB), End-use Industry, And Region - Global Forecast to 2028", is 3.8 billion in 2023 and is projected to reach USD 5.4 billion by 2028, at a CAGR of 7.2% from USD 3.8 billion in 2023. ...... Read More |
January 12, 2024 |
Big Data Market worth $401.2 billion by 2028According to a research report "Big Data Market by Offering (Software (Big Data Analytics, Data Mining), Services), Business Function (Marketing & Sales, Finance & Accounting), Data Type (Structured, Semi-structured, Unstructured), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the big data market is set to experience rapid growth, projected to surge from USD 220.2 billion in 2023 to USD 401.2 billion by 2028, at a CAGR of 12.7% during the forecast period of 2023–2028. The rise of AI and ML within enterprise software tools, advancements in software for managing unstructured data, and the substantial increase in data volume are driving forces propelling the big data market forward. These technologies empower businesses to derive meaningful insights, automate decision-making processes, and efficiently manage diverse data formats. As organizations increasingly recognize the importance of real-time analytics and data-driven strategies, the big data market is poised for sustained growth, offering transformative solutions for businesses navigating the complexities of the modern data landscape. ...... Read More |
January 12, 2024 |
Dental Implants and Prosthetics Market worth $16.0 billion by 2029The report "Dental Implants and Prosthetics Market by product (Dental Implants Market, Dental Prosthetics Market), Dental Implants Market (Material, Design, Type, Price and Type of Facility), Dental Prosthetics Market, Region- Global Forecast to 2029", is projected to reach USD 16.0 billion by 2029 from USD 10.4 billion in 2023, at a CAGR of 7.5% from 2023 to 2029. Increase in prevalence of dental problems, including dental caries and periodontal diseases across the globe contributes in the dental implants and prosthetics market growth. Dental implants and prosthetics market is expected to grow significantly during the forecast period, owing to surge in dental tourism. However, side effects and failure of dental treatments are anticipated to limit the market's expansion to a certain degree. ...... Read More |
January 12, 2024 |
Temperature Sensor Industry worth $9.7 billion by 2029The report "Temperature Sensor Market by Product Type (Contact Temperature Sensor, Non-Contact Temperature Sensor), Output (Analog, Digital), Connectivity (Wired, Wireless), End-user Industry (Consumer Electronics, Oil & Gas) and Region - Global Forecast to 2029" The temperature sensor industry Size is projected to grow from USD 7.4 billion in 2024 to USD 9.7 billion by 2029, registering a CAGR of 5.6% during the forecast period. The market growth is attributed to the increasing adoption of Industry 4.0 and the deployment of temperature sensors in space applications . Furthermore, the rising inclusion of temperature control systems in food safety management is expected to create lucrative opportunities for the market. ...... Read More |
January 11, 2024 |
Solar Encapsulation Industry worth $7.2 billion by 2028According to a research report "Solar Encapsulation Market by Material (EVA, PVB, PDMS, Ionomer, TPU, Polyolefin), Technology (Crystalline Silicon, Thin-film Solar), Application (Ground-mounted, Building-integrated Photovoltaic, Floating Photovoltaic) & Region - Global Forecast to 2028" published by MarketsandMarkets, the solar encapsulation market is projected to reach USD 7.2 billion by 2028 from an estimated USD 4.9 billion in 2023, at a CAGR of 8.0% during the forecast period. Solar encapsulation is the technique of sealing and protecting solar cells with a layer of materials, most often polymers such as ethylene-vinyl acetate (EVA) or polyolefins (POE). This protective layer is important to the longevity, durability, and efficiency of solar panels. Encapsulants of excellent grade are highly transparent, allowing maximum sunlight to enter the cells and improve their power generation. They can also improve light trapping within the cell and reduce optical losses. Rising growth in the demand for solar energy along with increasing adoption of photovoltaics technology solutions are the factors expected to drive the demand for the solar encapsulation market. ...... Read More |
January 11, 2024 |
Radiation Dose Management Market worth $654 million by 2028The report "Radiation Dose Management Market by Offering (Product: Integrated, Standalone; Services), Modality (CT, Mammography, NM), Revenue Model (Pay-Per Procedure, Annual Purchase), Application (Oncology, Cardiology, Ortho), End User - Global Forecast to 2028", is projected to reach USD 654 million by 2028 from USD 343 million in 2023, at a CAGR of 13.8%. ...... Read More |
January 11, 2024 |
Self-Adhesive Labels Market worth $69.2 billion by 2028The report "Self-Adhesive Labels Market by Composition (Facestock, Adhesive, Release Liner), Nature (Permanent, Removable, Repositionable), Type (Release Liner, Linerless), Printing Technology, Application, and Region - Global Forecast to 2028", is projected to grow from USD 53.2 billion in 2023 to USD 69.2 billion by 2028, at a CAGR of 5.4% from 2023 to 2028. ...... Read More |
January 11, 2024 |
Collagen Industry worth $7.4 billion by 2030According to a research report "Collagen Market by Product Type, Applications (Nutritional Products, Food & Beverages Products, Pharmaceuticals Products, Cosmetics & Personal care Products, textile), Source, Form, Type, Extraction process and Region - Global Forecast to 2030" published by MarketsandMarkets, the global collagen industry, valued at USD 5.1 Billion in 2023, showcases a remarkable growth projection, anticipated to escalate to USD 7.4 Billion by 2030, indicating a robust compound annual growth rate (CAGR) of 5.3% during the forecast period. The global demand for collagen is escalating due to a convergence of factors spanning health and wellness trends, an aging population seeking remedies for age-related concerns, the beauty and cosmetics industry's reliance on collagen for anti-aging products, and the integration of collagen into functional foods and beverages to cater to nutritional needs. Additionally, the sports nutrition sector is embracing collagen for its potential benefits in joint health and recovery. In medical and healthcare applications, collagen's role in wound healing and tissue engineering further contributes to its increasing prominence. The pursuit of sustainability has also spurred interest in alternative, plant-based collagen sources. Ongoing research and development efforts continue to uncover new applications, ensuring that the demand for collagen remains robust across diverse industries. ...... Read More |
January 11, 2024 |
High-speed Data Converter Industry worth $4.3 billion by 2028The report "High-speed Data Converter Market by Type (Analog-to-digital Converter, and Digital-to-analog Converter), Frequency Band (<125 MSPS, 125 MSPS to 1 GSPS, and >1 GSPS), Application (Communications, Test & Measurement) and Region - Global Forecast to 2028" The high-speed data converter industry was valued at USD 3.0 billion in 2022 and is projected to reach USD 4.3 billion by 2028; it is expected to grow at a CAGR of 6.4% from 2023 to 2028. Factors accelerating the growth of the high-speed data converter market are the growing demand for high-resolution images in scientific and medical applications, rising demand for test & measurement (T&M) solutions by end users, and increasing adoption of technologically advanced data acquisition systems. ...... Read More |
January 10, 2024 |
Industrial Utility Communication Market worth $4.2 billion by 2028The report "Industrial Utility Communication Market by Technology (Wired, Wireless), Component (Hardware, Software, Services), End-use Industry( Power Generation, , AC Transmission, Oil & Gas, Transportation), and Region - Global Forecast to 2028", industrial utility communication market is projected to reach USD 4.2 billion by 2028, at a CAGR of 6.0% from USD 3.1 billion in 2023. ...... Read More |
January 10, 2024 |
Aerospace Riveting Equipment Industry worth $134 million by 2028The report "Aerospace Riveting Equipment Industry by End Use (OEM, MRO), Equipment Type (Pneumatic, Hydraulic, Electric), Mobility (Fixed, Portable), Technology (Automated, Manual), Rivet Type (Solid, Blind, Semi-tubular) and Region - Global Forecast to 2028" The Aerospace Riveting Equipment Industry is estimated to be USD 109 million in 2023 and is projected to reach USD 134 million by 2028, at a CAGR of 4.3 % from 2023 to 2028. The aerospace riveting equipment market is witnessing sustained growth driven by several key factors. As global air travel continues to rise, there is a concurrent increase in demand for new aircraft production, propelling the need for aerospace riveting solutions. Moreover, the expanding fleet of commercial and military aircraft contributes significantly to the market's growth, necessitating continuous maintenance, repair, and overhaul (MRO) activities. The industry's emphasis on lightweight materials for enhanced fuel efficiency further boosts the demand for riveting, which plays a vital role in assembling modern aircraft structures. ...... Read More |
January 10, 2024 |
Infectious Disease Diagnostics Market worth $31.5 billion by 2028The report "Infectious Disease Diagnostics Market by Product & Service (Reagents, Kits), Test Type (Lab, PoC), Sample (Blood, Urine), Technology (Immunodiagnostics, NGS, PCR, ISH, INAAT), Disease (Hepatitis, HIV, HAI, HPV, Syphilis, TB, Flu) - Global Forecast to 2028", is valued at an estimated USD 21.4 billion in 2023 and is projected to reach USD 31.5 billion by 2028 at a CAGR of 8.0% during the forecast period. ...... Read More |
January 10, 2024 |
Video Analytics Market worth $22.6 billion by 2028According to a research report "Video Analytics Market by Offering, Application (Intrusion Management, Incident Detection, and Traffic Monitoring), Deployment Model, Type, Vertical (Critical Infrastructure, Government & Defense, and Manufacturing) and Region - Global Forecast to 2028" published by MarketsandMarkets, the video analytics market size is expected to grow from USD 8.3 billion in 2023 to USD 22.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period. ...... Read More |
January 10, 2024 |
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