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Home › Press Releases
Press Releases
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Offsite Data Center Power Infrastructure Market worth $35.4 billion by 2030According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of USD 13.4 billion in 2024, at a Compounded Annual Growth Rate (CAGR) of 17.6% over the forecast period. There are several key factors that underline the importance of offsite data center power infrastructure market. There is a growing demand for efficient and sustainable data management solutions. The most important driver is the exponential increase in the data generation and consumption across various sectors. These sectors include BFSI, healthcare, and IT & Telecommunications. The need for robust and scalable data centers increases with the increase in the digital footprints of the organizations. This has propelled the demand for advanced power infrastructure solutions which ensure operational excellence. ...... Read More |
August 7, 2024 |
Biometric System Industry worth $84.5 billion by 2029The report "Biometric System Market by Authentication Type (Fingerprint, Iris, Face, Voice, Vein, Signature, Multi-factor), Offering (Sensor, Camera, Reader & Scanner, Software), Type (Contact, Contactless, Hybrid), Mobility, Deployment – Global Forecast to 2029" The global biometric system industry is expected to be valued at USD 47.2 billion in 2024 and is projected to reach USD 84.5 billion by 2029; it is expected to grow at a CAGR of 12.3% from 2024 to 2029. Increasing integration of biometrics in consumer electronics is fuelling the growth of the biometric system market. ...... Read More |
August 7, 2024 |
IoT Market worth $153.2 billion by 2029According to a research report "IoT Market by Offering (Platforms, Services), Focus Area (Smart Manufacturing, Smart Transportation/Mobility, Smart Healthcare, Smart Retail, Smart Cities, Smart building, Smart Energy & Utilities), Application - Global Forecast to 2029" published by MarketsandMarkets, the IoT market is expected to reach USD 153.2 billion by 2029 from USD 64.8 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period. ...... Read More |
August 7, 2024 |
Smart Home Industry worth $116.4 billion by 2029The report "Smart Home Market by Product (Lighting Controls, Smart Speaker, Entertainment, Smart Kitchen, HVAC Controls, Security & Access Controls), Offering (Behavioral, Proactive), Sales Channel, Installation Type and Region - Global Forecast to 2029" The global smart home industry was valued at USD 84.5 billion in 2024 and is projected to reach USD 116.4 billion by 2029; it is expected to register a CAGR of 6.6% during the forecast period. The growing need for energy-saving and low carbon emission-oriented solutions and concerns about safety, security, and convenience among general population is attributed to the demand for smart homes. Increasing number of internet users and growing adoption of smart devices, increasing disposable income of people in developing economies, increasing importance of home monitoring in remote locations, growing need for energy-saving and low carbon emission-oriented solutions, and growing concerns about safety, security, and convenience among general population are attributed to the demand of smart home. ...... Read More |
August 6, 2024 |
Indoor Location Market worth $31.4 billion by 2029According to a research report "Indoor Location Market Size, Share, Growth Analysis, By Offering (Hardware, Solutions, Services), Technology (BLE, UWB, Wi-Fi), Application, Vertical (Retail, Healthcare & Pharmaceuticals, Manufacturing) and Region - Global Forecast to 2029" published by MarketsandMarkets, the indoor location market is projected to grow from USD 11.9 billion in 2024 to USD 31.4 billion by 2029, at a CAGR of 21.4% during the forecast period. The need for indoor location solutions is predicted to grow due to the rising number of applications powered by BLE tags and beacons. The availability of the increasing number of mobile devices and the quickly developing market of indoor positioning systems including navigation and asset tracking services. Indoor location solutions are being embraced into the healthcare facilities for asset tracking and monitoring of patients as well as the staff, which positively impacts on the care delivered and the facilities productivity. ...... Read More |
August 6, 2024 |
Nanocellulose Market worth $3.4 billion by 2032The report "Nanocellulose Market by Type (MFC & NFC, CNC/NCC), Raw Material (Wood, Non-wood), Application (Paper & Pulp, Composites, Paints & Coatings, Biomedical & Pharmaceuticals, Electronics & Sensors), and Region - Global Forecast to 2032", is projected to grow from USD 0.6 billion in 2024 to USD 3.4 billion by 2032, at a CAGR of 23.7% from 2024 to 2032. The major factors driving the nanocellulose market include increasing demand for sustainable products due to improvements in material science and rising private and government support for nanocellulose R&D in advanced nations. ...... Read More |
August 6, 2024 |
Integrated Visual Augmentation System Industry worth $1.7 billion by 2029The report "Integrated Visual Augmentation System Industry by End-User (Air Force, Army, Navy), Product (Helmet Mounted Display, Night Vision Device), Technology (Augmented Reality, Virtual Reality, Mixed Reality), Application and Region - Global Forecast to 2029" The market is valued at USD 1.0 billion in 2024 and is projected to reach USD 1.7 billion by 2029, at a CAGR of 11.1% from 2024 to 2029. ...... Read More |
August 6, 2024 |
Flexible Elastomeric Foam Market worth $3.6 billion by 2029The report "Flexible Elastomeric Foam Market by Function, Type (Natural Rubber, NBR/PVC, EPDM, Chloroprene), End-Use Industry (HVAC, Automotive & Transportation, Solar Installations, Refrigeration Systems), and Region - Global Forecast to 2029", is projected to grow from USD 2.8 billion in 2024 to USD 3.6 billion by 2029, at a CAGR of 4.8% during the forecast period. The flexible elastomeric foams offer thermal insulation, acoustic insulation, and moisture resistance due to which they are used in multiple sectors including automotive components, refrigeration systems, and HVAC systems. The rising awareness regarding sustainability and energy efficient solutions is expected to boost the flexible elastomeric foam market. ...... Read More |
August 5, 2024 |
Protective Relay Market worth $3.9 billion by 2030According to a research report "Protective Relay Market by Voltage (Very high, High, Medium, Low), Technology (Digital and Numeric Relay, Electromechanical & Static Relay), End-user (Utilities, Industrial Sectors, Railways) Application and Region - Global Forecast to 2030" published by MarketsandMarkets, the global protective relay market is projected to reach USD 3.9 billion by 2030 from an estimated market size of USD 2.8 billion in 2024, at a CAGR of 5.7% during the forecast period. The driving factors for the protective relay market include the growing demand for electricity, the increasing use of renewable energy sources, and the need for advanced protection devices in electrical systems. The global electricity demand is expected to continue rising, driven by economic growth and urbanization. Additionally, the shift towards renewable energy sources such as solar and wind power is creating a significant demand for protective relays to ensure the safe and efficient operation of these systems. Furthermore, the development of smart grids and digital substations is also driving the market, as these systems require advanced protection relays to manage and protect the electrical infrastructure effectively. ...... Read More |
August 5, 2024 |
Wireless Audio Device Industry worth $70.9 billion by 2029The report "Wireless Audio Device Market by Product (True Wireless Hearables/Earbuds, Headsets, Earphones), Technology (Bluetooth, Airplay, Wi-Fi), Application (Consumer, Home Audio, Automotive), Functionality (Smart, Non-smart) and Region - Global Forecast to 2029" The Wireless Audio Device Market is projected to reach from USD 56.5 billion in 2024 to USD 70.9 billion by 2029; it is expected to grow at a CAGR of 4.7% from 2024 to 2029. The upsurge is driven by rising demand for portable and high-quality audio solutions across multiple industries, such as personal entertainment, professional audio, and smart home applications. ...... Read More |
August 5, 2024 |
Parking Management Market worth $8.1 billion by 2029According to a research report "Parking Management Market Size, Share, Growth Analysis, By Offering (Solutions (Parking Guidance, Parking Reservation Management) and Services), Parking Site (Off-Street and On-Street), End Use, and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the parking management market is expected to reach USD 8.1 billion by 2029 from USD 5.6 billion in 2024, at a CAGR of 7.4 % during 2024–2029. ...... Read More |
August 5, 2024 |
Augmented and Virtual Reality Industry worth $96.32 billion by 2029The report "Augmented and Virtual Reality Market by Enterprise, Technology (Augmented Reality, Virtual Reality), Offering (Hardware, Software), Device Type (HMDs, HUDs, Gesture Tracking Devices), Application and Region - Global Forecast to 2029" , The Augmented and Virtual Reality Industry was valued at USD 22.12 billion in 2024 and is expected to reach USD $96.32 billion by 2029, at a CAGR of 34.2% during the 2024-2029 period. ...... Read More |
August 2, 2024 |
Software-defined Anything (SDx) Market worth $130.9 billion by 2029According to a research report "Software-defined Anything (SDx) Market Size, Share, Growth Analysis, By Offering (Solutions, Services), End User (Service Providers, Enterprises), Application (Network Management, Unified Communications) and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the SDx Market size is projected to grow from from USD 44.5 billion in 2024 to USD 130.9 billion by 2029, at a CAGR of 24.1% during the forecast period. SDx technologies will result in lower capital and operating costs because of more efficient use of resources and the automation of many operations in the network. This efficiency makes SDx appealing to organizations that would like to reduce expenses without costly down-scales in capacities. ...... Read More |
August 2, 2024 |
Gelatin Market worth $5.6 billion by 2029According to a research report "Gelatin Market by Source (Animal, Plants), By Applications (Food & Beverages, Pharmaceuticals, Health & Nutrition, Cosmetics, Personal Care, Animal Feed), Type (Type A, Type B), Function (Thickener, Stabilizer, Gelling Agent) - Global Forecast to 2029" published by MarketsandMarkets, the gelatin market is estimated at USD 4.0 billion in 2024 and is projected to reach USD 5.6 billion by 2029, at a CAGR of 6.9% from 2024 to 2029. The gelatin market has witnessed remarkable growth in recent years, driven by a confluence of factors, including rising consumer health consciousness and increasing demand for nutritive ingredients. This gelatin is extracted from plant sources and animal sources. The market expansion is bolstered by significant advancements in food technology, enabling the production of gelatin that is closely mixed with all the food & beverage applications thus broadening their appeal to a broader consumer base. ...... Read More |
August 2, 2024 |
Pharmaceutical Contract Manufacturing Industry worth $319.6 billion by 2029, with a CAGR of 9.7%The report "Pharmaceutical Contract Manufacturing Market by Service (Drug Development, Pharmaceutical (API, FDF - Parenteral, Tablet, Capsule, Oral Liquid), Biologics (API, FDF), Packaging & Labelling, Fill-finish), End Users - Global Forecasts to 2029", is projected to reach USD 319.6 billion by 2029 from USD 200.9 billion in 2024, at a CAGR of 9.7% during the forecast period of 2024 to 2029. Some factors contributing to the growth of the global market include increased investment in precision medicines, increasing demand of generic drugs, high-cost of in-house drug development, and increasing investment in advanced manufacturing technologies by contract manufacturers. Despite this, challenges associated with regulatory compliances are expected to hinder market growth. ...... Read More |
August 2, 2024 |
Unit Dose Packaging Market worth $43.8 billion by 2029The report "Unit Dose Packaging Market by Form (Liquid, Solid, Powder, Gel), Material Type (Plastic, Glass, Paper, Aluminium), Product Type, End-use industry (Pharmaceuticals, Cosmetic & Personal Care, Nutraceuticals), and Region - Global Forecast to 2029", is projected to grow from USD 29.1 Billion in 2024 to USD 43.8 Billion by 2029, at a CAGR of 8.5% during the forecast period. Unit dosage packaging is gaining popularity due to its benefits of accurate dosing, enhanced product safety, and user convenience. Individually sealing items such as medications, nutraceuticals, and cosmetics in pre-measured quantities reduces dosage errors, preserves product integrity, and simplifies administration. Rising demand for correct pharmaceutical distribution, stringent regulatory standards, developments in packaging technology, and trends towards personalised medicine and effective inventory management are all major drivers of this expansion. ...... Read More |
August 2, 2024 |
Fintech as a Service (FaaS) Market worth $806.9 billion by 2029According to a research report "Fintech as a Service (FaaS) Market Size Share, Growth Analysis by Type (Banking, Payment, Insurance, Investment), Technology (AI, Blockchain, RPA, API), Application, End User and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the Fintech as a Service market size is estimated to grow from USD 358.8 billion in 2024 to USD 806.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 17.6% during the forecast period. The key driver of FaaS is the growing demand for rising digital financial services, open banking operational initiatives, growing demand for streamlined compliances and regulatory solutions, scalability of cloud computing technologies in operations, and driving innovation of AI and blockchain. ...... Read More |
August 1, 2024 |
Data Center Liquid Cooling Market worth $21.3 billion by 2030The report "Data Center Liquid Cooling Market by Component (Solution and Services), End User (Cloud Providers, Colocation Providers, Enterprises, and Hyperscale Data Centers), Data Center Type, Type of Cooling, Enterprise, and Region - Global Forecast to 2030", is projected to grow from USD 4.9 billion in 2024 to USD 21.3 billion by 2030, at a CAGR of 27.6% during the forecast period. The data center liquid cooling market has been increasing as a result of greater data center densities, as well as the need for energy efficiency and cost savings, improvements in cooling technology, and strict regulatory standards. Furthermore, a need for high-performance computer systems and state subsidies for energy-saving technologies also facilitate the adoption process. ...... Read More |
August 1, 2024 |
Process Automation and Instrumentation Industry worth $98.6 billion in 2029The report "Process Automation and Instrumentation Market by Transmitter (Level, Pressure, Temperature), Analyzer (TOC, pH, Oxygen, Conductivity, Density, Toxic Gas, Turbidity, Hydrogen Sulfide), PLC, DCS, SCADA, HMI, MES, Industry - Global Forecast to 2029" The global process automation and instrumentation market size is projected to reach USD 98.6 billion in 2029 from USD 74.2 billion by 2024, with a CAGR of 5.9%. The process automation and instrumentation market encompass players that offer HMI, MES, PLCs, DCS, SCADA, and functional safety solutions; along with field instruments such as level, temperature and pressure transmitters, vibration level switches and humidity sensors. The market is highly segmented, with many companies in the value chain competing to solidify their position and expand their market share. Increasing demand for efficiency and cost effectiveness coupled with increasing adoption of digital technologies is shaping the trend of this market towards its growth. ...... Read More |
August 1, 2024 |
District Cooling Market worth $1.3 billion by 2029According to a research report "District Cooling Market by Production Technique (Free Cooling, Absorption Cooling, & Electric Chillers), Source (Fossil Fuels, Renewables), Application (Residential, Commercial, & Industrial) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global district cooling market size was USD 1.1 billion in 2024 and is projected to reach USD 1.3 billion by 2029, at a CAGR of 3.6% between 2024 and 2029. Commercial, Industrial, and Residential are the major applications of district cooling. The district cooling market is majorly concentrated in Middle East & Africa. ...... Read More |
August 1, 2024 |
Single-Use Bioreactors Industry worth $9.1 billion by 2029, with a CAGR of 15.4%The report "Single-Use Bioreactors Market by Product (Systems, Bags, Assemblies), Type (Stirred Tank, Bubble-Column, Wave induced), Molecule (mAbs, Vaccines), Cell Type (Mammalian, Bacterial, Yeast), Application (R&D, Bioproduction) - Global Forecast to 2029", is projected to reach USD 9.1 billion by 2029 from USD 4.4 billion in 2024, at a CAGR of 15.4% during the forecast period of 2024 to 2029. Growing acceptance of single-use technologies among CDMOs and CMOs as SUBs offer enhanced flexibility and cost-effectiveness, lower capital investment required compared to stainless-steel systems as SUBs eliminated the need for permanent infrastructure and costly cleaning & validation procedure, lower utilization of water and energy required for cleaning & sterilization processes during use-phase of the product life cycle, and expanding biologics and biosimilar markets are some of the factors driving the expansion of the global market. Additionally, the adoption of hybrid facilities incorporating both stainless steel as well as single-use systems and untapped market potential among emerging economies presents a substantial opportunity for the SUB market. ...... Read More |
August 1, 2024 |
Vertical Farming Industry worth $13.7 billion by 2029The report "Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based and Shipping container-based), Crop Type, Offering (Hardware, Software, Services) & Region - Global Forecast to 2029" The global vertical farming industry was valued at USD 5.6 billion in 2024 and is projected to reach USD 13.7 billion by 2029; it is expected to register a CAGR of 19.7% during the forecast period. Agriculture IoT and AI technology, high urbanization, and a push for the necessity of vertical farming by consumers are prominent drivers for the vertical farming market. These factors include; scarcity of land especially one that is suitable for cultivation, climatic change, and an increasing demand for fresh and organically grown fruits and vegetables. Thus, more governments’ support and investment and the concerns about food security, driving the vertical farming industry. ...... Read More |
July 31, 2024 |
Dental Equipment Industry worth $9.3 Billion by 2029, with a CAGR of 6.2%The report "Dental Equipment Market by Product (Therapeutic (Dental Chairs, Dental Units, CAD/CAM, Dental Lasers, Nd:YAG Lasers, Carbon dioxide lasers), Diagnostic (Dental imaging, CBCT)), End User (Dental Hospitals & Dental Clinics) - Global Forecast to 2029", is projected to reach USD 9.3 Billion by 2029 from USD 6.9 Billion in 2024 at a CAGR of 6.2% during the forecast period. ...... Read More |
July 31, 2024 |
Extrusion Coating Market worth $7.5 billion by 2029The report "Extrusion Coating Market by Material Type (LDPE, EVA, PP, PET), Substrate (Paper, Paperboard, Aluminium Foils, Polymer Films), Application (Packaging, Liquid, Flexible, Commercial, Photographic), and Region - Global Forecast to 2029", is projected to reach a market size of USD 7.5 billion by 2029 from USD 6.3 billion in 2024, at a CAGR of 3.6%. Asia pacific is the one of the largest markets for extrusion coating. The demand for extrusion coating is experiencing significant growth in packaging industry. Emerging nations such as China, India, Brazil, and Mexico are expected to play a crucial role in driving the global extrusion coating market forward. Asia Pacific extrensive industrial base and rapid urbanization drives the extrusion coating market. China and India’s growing manufacturing sector coupled with growing population drives the demand for extrusion coating. ...... Read More |
July 31, 2024 |
Small Satellite Industry worth $11.2 billion by 2029The report "Small Satellite Market by Mass (Small, Mini, Micro, Nano, Cube), Subsystem (Satellite bus, Payloads, Solar Pannels, Satellite Antennas), Orbit (LEO, MEO, GEO, Other Orbits), Application, End Use, Frequency and Region - Global Forecast to 2029" The Small Satellite market is estimated to be USD 5.2 billion in 2024 and is projected to reach USD 11.2 billion by 2029 at a CAGR of 16.6% from 2024 to 2029.Government agencies worldwide are actively fostering the growth of the small satellite industry through various targeted programs. ...... Read More |
July 31, 2024 |
Zero Trust Security Market worth $78.7 billion by 2029According to a research report "Zero Trust Security Market Size Share, Growth Analysis, By Offering (Solutions and Services), Application, Security type, Authentication Type, Vertical (Retail & E-commerce, Healthcare, Energy & Utilities) and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the Zero Trust security market size is projected to grow from USD 36.5 billion in 2024 to USD 78.7 billion by 2029 at a compound annual growth rate (CAGR) of 16.6% during the forecast period. Zero Trust Security is a contemporary cybersecurity framework that transforms how organizations think about security by following the principle of “never trust, always verify.” This implies that no user or device is automatically trusted, irrespective of their place in relation to the network perimeter. Its main ideas involve explicitly verifying every access request using every piece of information available, including user identity, device health, and location. Access to the minimum required is limited through Just-In-Time (JIT) and Just-Enough-Access (JEA) policies. ...... Read More |
July 31, 2024 |
Medical Batteries Market worth $2.7 billion by 2029The report "Medical Batteries Market by Type (Lithium, Li-ion, Alkaline,Zinc air, Nickel), Capacity (<600, 600 -1200, >1200 mAh) Application (Pacemaker, Defibrillator, Patient monitor, Wearable), Enduser (Hospital, Clinic, ASC, Home) & Region - Global Forecast to 2029", is projected to reach USD 2.7 billion by 2029 from USD 2.0 billion in 2024, at a CAGR of 6.2% during the forecast period. ...... Read More |
July 31, 2024 |
Endpoint Protection Platform (EPP) Market worth $29.0 billion by 2029According to a research report "Endpoint Protection Platform (EPP) Market Size, Share, Growth Analysis, By Offering (Platforms and Services), Enforcement Point (Mobile Devices, POS Terminals), Deployment Mode, Organization Size, Vertical and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the global endpoint protection platform (EPP) market size is projected to grow from USD 17.4 billion in 2024 to USD 29.0 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 10.7% during the forecast period. By combining AI with machine learning, EPP solutions can dramatically improve threat management capability through proactive detection and response against emerging cyber threats. As businesses are under ever-increasing attacks and cyber-attacks become more frequent and complex, the demand for adaptive endpoint security solutions is on a rise. AI and ML technology empowers EPPs to analyze huge information in real-time, fast detection of potential security breaches, and management of threats before their escalation; therefore, it leads to increased adoption and expansion in the cybersecurity scenario. ...... Read More |
July 30, 2024 |
Fiber Laser Industry worth $12.8 billion by 2029The report "Fiber Laser Market by Type (Infrared, Ultrafast, Ultraviolet, Visible), Operation Mode (Continuous wave, Pulsed), Output Power (Low Power, Medium Power, High Power), Industry (Telecommunications, Automotive, Medical) and Region - Global Forecast to 2029" The fiber laser industry to grow from USD 7.7 billion in 2024 and is expected to reach USD 12.8 billion by 2029, growing at a CAGR of 10.8% from 2024 to 2029. The key factors contributing to the growth of the fiber laser industry include the Industrial automation boosts fiber laser adoption for their precision, efficiency, and reliability, growing demand for fiber lasers in medical and healthcare industries, rising adoption of fiber lasers in consumer electronics, expansion of 3D printing and additive manufacturing. Fiber lasers offers high energy efficiency, low maintenance, and long lifespan ...... Read More |
July 30, 2024 |
Hydraulic Fluids Market worth $10.2 billion by 2029The report "Hydraulic Fluids Market by Base Oil (Mineral Oil, Synthetic Oil), Point of Sale (OEM and Aftermarket), Application (Mobile Equipment), End-use Industry (Construction, Agriculture, Transportation, Metal & Mining), and Region - Global Forecast to 2029" hydraulic fluids market size was USD 8.7 billion in 2024 and is projected to reach USD 10.2 billion by 2029, at a CAGR of 3.2%, between 2024 and 2029. ...... Read More |
July 30, 2024 |
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