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3D Digital Asset Industry worth $51.8 billion by 2029

According to a research report "3D Digital Asset Market by Hardware (3D Scanners, Motion Capture Systems), Software (3D Modeling, 3D Scanning, 3D Rendering & Visualization, 3D Animation, Image Reconstruction), Application (Visualization, Gaming & Animation) - Global Forecast to 2029" published by MarketsandMarkets, the 3D Digital Assest Market  is expected to grow from USD 28.3 billion in 2024 to USD 51.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period. Advancements in AR and VR will boost the growth of the 3D Digital Asset market during the forecast period. The significant factor is the increasing utilization of 3D assets in gaming, film, and e-commerce, influenced by the demand fosr immersive and interactive experiences. The market is anticipated to experience further growth due to the rising investments in advanced 3D content creation technologies and tools, allowing for the creation of more complex and high-quality digital assets.

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July 2, 2024

Tie Layer Resin Market worth $1.8 billion in 2029

The report "Tie Layer Resin Market by Base Resins (LLDPE, LDPE, HDPE, PP, EVA), Type (Reactive, Non-Reactive), Application (Flexible, Rigid), End-use Industry (Food & Beverage, Pharmaceutical & Medical, Automotive), and Region - Global Forecast to 2029", size is projected to grow from USD 1.6 billion in 2024 to USD 1.8 billion in 2029, at a CAGR of 3.6%. The medical sector is showing significant potential demand for tie layer resins due to several critical factors. The need for high-performance medical packaging is paramount to ensure the safety, sterility, and longevity of medical products. Tie layer resins play a crucial role in multi-layer packaging by providing strong adhesion between different materials, enhancing the barrier properties against contaminants, moisture, and oxygen. This is particularly important for medical devices, pharmaceuticals, and sterile supplies. Additionally, the medical sector is increasingly adopting advanced polymer-based products, such as catheter tubing and flexible medical films, which require reliable bonding solutions that tie layer resins offer. The growing demand for minimally invasive medical procedures also drives the need for complex multi-layer structures, where tie layer resins ensure the mechanical integrity and performance of medical components.

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July 2, 2024

Protein Alternatives Market worth $25.2 billion by 2029

According to a research report "Protein Alternatives Market by Source (Plant Protein, Microbial Protein, Insect Protein), Application (Food & Beverages, Animal Feed, Pet Food), Form, Nature, Production Process (Qualitative), & Region - Global Forecast to 2029" The protein alternatives market is estimated at USD 15.7 billion in 2024 and is projected to reach USD 25.2 billion by 2029, at a CAGR of 9.9% from 2024 to 2029. The alternative proteins market has witnessed remarkable growth in recent years, driven by a confluence of factors including rising consumer health consciousness, environmental concerns, and ethical considerations regarding animal welfare. These proteins, derived from plant-based sources, insects, algae present sustainable and efficient options compared to traditional animal-based proteins. The market expansion is bolstered by significant advancements in food technology, enabling the production of alternative proteins that closely mimic the taste, texture, and nutritional profile of conventional meat, thus broadening their appeal to a wider consumer base.

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July 1, 2024

Door Insulation Market worth $1.7 billion by 2029

The report "Door Insulation Market by Material Type (Traditional Insulation, Foam Insulation, Natural Insulation, Others), Insulation Type (Thermal, Acoustic, Others), End-use (Residential, Commercial, Industrial) and Region - Global Forecast to 2029", is USD 1.3 billion in 2024 and is projected to reach USD 1.7 billion by 2029, at a CAGR of 5.2%.

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July 1, 2024

Photoacoustic Imaging Industry Worth $105 million by 2029, with a CAGR of 5.5%

The report "Photoacoustic Imaging Market by Product (Imaging System, Transducer, Software, Accessories), Technology (Microscopy, Tomography), Type (Preclinical, Clinical), Application (Oncology, Neuro), End User (Hospitals, Academia) & Region Global Forecast to 2029", is projected to reach USD 105 million by 2029 from USD 80 million in 2024, at a CAGR of 5.5 % during the forecast period. The worldwide uptake of photoacoustic imaging systems is fueled by heightened investments from research organizations, stringent regulatory requirements for clinical trials, enhancements in imaging quality, and continuous technological advancements.

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July 1, 2024

DC Torque Tool Industry worth $4.4 billion by 2029

The report "DC Torque Tool Market by Handheld Tool (Nutrunners, Screwdrivers, Torque Wrenches, Impact Wrenches), Fixtured Tool, Power Source (Corded, Cordless), Control System (Transducer, Current), Industry and Region - Global Forecast to 2029" The DC Torque Tool Industry is expected to reach USD 4.4 billion by 2029 from USD 3.6 billion in 2024, at a CAGR of 3.7% during 2024–2029. The significant growth factor associated with the DC torque tool market is growing demand in the automotive industry, and a heavy emphasis on quality control in a variety of sectors. Technological developments in DC torque tool features, regulatory compliance, and the growth of manufacturing in emerging economies like China and India. Moreover, the demand for precision in consumer electronics, manufacturing, and maintenance operations, as well as the tools' customization, all help to drive market growth.

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July 1, 2024

BYOD and Enterprise Mobility Industry worth $133.9 billion by 2029

According to a research report "BYOD and Enterprise Mobility Market Size, Share, Growth Analysis, By Offerings (Solutions and Services), Verticals (BFSI, Manufacturing, Transportation & Logistics, Energy & Utilities, Travel & Hospitality), and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the global BYOD and Enterprise Mobility market size is projected to grow from USD 72.7 billion in 2024 to USD 133.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.0%. The market encompasses a spectrum of solutions such as including Mobile Device Management (MDM), Mobile Application Management (MAM), Identity Access Management (IAM), and others that are designed to facilitate the secure and efficient use of personal devices for work purposes. The market’s growth is driven by several factors, including advancements in enterprise mobility solutions that ensure seamless integration and management of diverse device types and operating systems. Further, the proliferation of smartphones and tablets and the rise of cloud computing and IoT (Internet of Things) accelerates the demand for robust enterprise mobility solutions. Businesses are increasingly leveraging these technologies to enable remote work capabilities, enhance employee productivity, and streamline operational workflows. Moreover, stringent data security standards and regulatory compliance requirements, such as GDPR and HIPAA, drive the adoption of secure BYOD policies and solutions across industries. As organizations prioritize agility and scalability in their IT strategies, the BYOD and enterprise mobility market emerges as a critical enabler of digital transformation and competitive advantage in today's interconnected business landscape.

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July 1, 2024

Well Intervention Market worth $11.3 billion by 2029

According to a research report "Well Intervention Market by Service (Logging and Bottomhole Survey, Tubing/Packer Failure and Repair, Stimulation), Intervention (Light, Medium, Heavy), Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2029" published by MarketsandMarkets, the Well Intervention market is expected to grow from an estimated USD 9.2 billion in 2024 to USD 11.3 billion by 2029, at a CAGR of 4.2% during the forecast period.

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June 28, 2024

Software Asset Management Industry worth $7.3 billion by 2029

According to a research report "Software Asset Management Market Size Share, Growth Analysis, by Solutions (License Management, Audit & Compliance Management, Software Discovery, Optimization, & Metering, Contract Management, Configuration Management) - Global Forecast to 2029" published by MarketsandMarkets, the software asset management market is expected to grow from USD 3.5 billion in 2024 to USD 7.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 16.0% during the forecast period. Software asset management solutions provide comprehensive tools for tracking, managing, and optimizing software assets throughout their lifecycle. To ensure efficient and accurate asset management, software asset management integrates various data sources and technologies, including real-time usage metrics, license compliance tools, contract management systems, and automation features. These solutions enable organizations to monitor software usage, identify cost-saving opportunities, ensure regulatory compliance, and enhance cybersecurity measures, ultimately supporting better decision-making and maximizing the value of their software investments.

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June 28, 2024

Veterinary Ultrasound Market worth $539 million in 2029

The report "Veterinary Ultrasound Market by Type (2D, 3D/4D, Doppler), Product (Portable Scanners), Technology (Digital, Contrast), Animal Type (Small, Large), Application (Obstetrics, Cardiology, Orthopedic), End User (Clinics, Hospitals) - Global Forecast to 2029", global veterinary ultrasound market is projected to reach 539 million in 2029 from USD 385 million in 2024, at a CAGR of 7.0 % between 2024 and 2029.

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June 28, 2024

Painting Robot Industry worth $5.8 billion by 2029

The report "Painting Robot Market by Mounting Type (Floor Mounted, Wall Mounted, Rail Mounted), Robot Type (Articulated, Cartesian, Scara, Collaborative), Function ,Payload, Reach, Paint Applicator, End-user Industry and Region - Global Forecast to 2029" The Painting Robot market is projected to grow from USD 3.1 billion in 2024 and is estimated to reach USD  5.8 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.1% from 2024 to 2029. The growth of the Painting Robot market is driven by increasing preference for automated painting solutions in aerospace, furniture, and construction industries, integration of advanced technologies such as machine learning, computer vision, and artificial intelligence.

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June 28, 2024

CCUS Absorption Market worth $1.7 billion in 2030

The report "CCUS Absorption Market by Absorption Type (Chemical Absorption, Physical Absorption), End-Use Industry (Oil & Gas, Power Generation, Chemical & Petrochemical, Cement, Iron & Steel), and Region - Global Forecast to 2030", is expected to grow at an average CAGR of 26.5%, from USD 0.4 billion in 2024 to USD 1.7 billion in 2030. The implementation of CCUS absorption by industries is being driven by government support and policy initiatives. In the UK, the government has announced significant public funding for new CCUS projects and is adopting a three-pronged approach, including policy support, industrial hubs with shared CO2 transport and storage infrastructure, and investment in technology innovation. China has been building its domestic CCUS technology capacity since 2007 and has undertaken industry-level pilot projects for carbon capture technologies. India has also set out a roadmap for the adoption of CCUS, involving collaboration between industry partners and the government. These government-led initiatives are crucial for accelerating the deployment of CCUS technologies in various industries.

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June 28, 2024

Future of Automotive industry worth 104 million units by 2030

According to a research report "Future Of Automotive Industry Covers Original Equipment Manufacturer (OEM) Landscape, Connected Vehicles, Autonomous Driving Technologies, Electric Vehicles (Evs), Innovations In Battery Technology, Powertrains and Shared Mobility - Global Forecast 2030" published by MarketsandMarkets, the automotive industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%.

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June 27, 2024

Visual Cloud Industry worth $237.2 billion by 2029

According to a research report "Visual Cloud Market Size, Share, Growth Analysis, by Solutions (Video Processing, AR/VR Solutions, Cloud Gaming, Enterprise Video), Service Model (IaaS, PaaS, SaaS), Service (Professional Services and Managed Services) - Global Industry Forecast to 2029" published by MarketsandMarkets, the global visual cloud market will grow from USD 126.0 billion in 2024 to USD 237.2 billion by 2029 at a compounded annual growth rate (CAGR) of 13.5% during the forecast period. The emergence of visual clouds such as CDN, video streaming, and other interactive media application solutions is shifting the vendors’ landscape. Today’s environment experiences an increasing need for high-quality, low-latency video services because of remote working, online classes, and entertainment. AWS, Google Cloud, and Microsoft Azure are the leading platform providers with scalable cloud infrastructure to facilitate efficient content delivery and real-time processing. Specific suppliers, including NVIDIA, offer powerful GPU features for rendering and AI-based graphics outputs. These technologies allow efficient and flexible organization of visual data, which is crucial for various purposes, including gaming and telemedicine.

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June 27, 2024

Battery Management System Industry worth $22.0 billion by 2029

The report "Battery Management System Market by Type (Motive & Stationary Batteries), Battery Type (Lithium- ion, Lead-acid, Nickel-based, Solid-state, Flow batteries), Topology (Centralized, Distributed, & Modular), Application & Region - Global Forecast to 2029" The global battery management system (BMS) industry is poised for substantial growth, forecasted to surge from USD 9.1 billion in 2024 to USD 22.0 billion by 2029, reflecting a CAGR of 19.3%. A battery management system (BMS) serves as a crucial electronic device responsible for overseeing and regulating the operations of rechargeable batteries.

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June 27, 2024

In-flight Entertainment & Connectivity Industry worth $11.7 billion by 2029

The report "In-flight Entertainment & Connectivity Market by Offering (IF Entertainment. IF Connectivity), Class (First, Business, Premium Economy, Economy), Platform (Narrow-body Aircraft, Wide-body Aircraft, Business Jet), End Use - Global Forecast to 2029" The In-flight Entertainment and Connectivity market is estimated to be USD 8.6 billion in 2024 and is projected to reach USD 11.7 billion by 2029, at a CAGR of 6.3% from 2024 to 2029. Rising passenger demands for top-tier entertainment and dependable connectivity during flights are pushing airlines to enhance their investment in IFEC systems. Travelers now look for uninterrupted internet access, diverse entertainment selections, and content tailored to their preferences.

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June 27, 2024

Process Oil Market worth $5.6 billion by 2029

The report "Process Oil Market by Type (Aromatic, Paraffinic, Naphthenic, Non-carcinogenic), Function (Extender Oil, Plasticizer, Solvent, Defoamer), Production Technology (Convention Route, Gas to Liquid, Bio-based), Application, and Region-Global Forecast to 2029", is projected to grow from USD 5.2 billion in 2024 to USD 5.6 billion by 2029, at a CAGR of 1.7% during the forecast period. Growing industrialization and manufacturing activities worldwide are driving the demand for process oils, as they enhance the durability and performance of products such as rubber, plastics, and adhesives. Increasing environmental awareness and regulatory pressures are boosting the demand for bio-based process oils. Additionally, the expanding automotive and construction sectors are fueling the demand for high-quality process oils to improve the longevity and efficiency of machinery and components. Growing preference for non-carcinogenic process oils in the tire & rubber application.

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June 27, 2024

Urinalysis Market worth $6.8 billion by 2029

The report "Urinalysis Market by Product (Consumables (Pregnancy & Fertility Kits, Dipsticks, Disposable, Reagents), Instruments (Automated, Semi-automated, PoC Analyzers)), Test Type (Biochemical, Sediment), Application (UTI, Diabetes) - Global Forecast to 2029", is valued at an estimated USD 4.3 billion in 2024 and is projected to reach USD 6.8 billion by 2029 at a CAGR of 9.6% during the forecast period.

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June 26, 2024

Crop Protection Chemicals Industry worth $101.0 billion by 2029

According to a research report "Crop Protection Chemicals Market by Type (Herbicides, Insecticides, Fungicides & Bactericides), Origin (Synthetic & Biopesticides), Form, Mode of Application (Foliar, Seed Treatment, Soil Treatment), Crop Type and Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for crop protection chemicals is estimated at USD 79.3 billion in 2024 and is projected to reach USD 101.0 billion by 2029, at a CAGR of 5.0% during the forecast period.  According to the Centre for Agriculture and Bioscience International (CABI), approximately 40% of global crop yields are lost annually due to pests, pathogens, and weeds, including the destructive Fall armyworm (FAW). This threat, intensified by climate change, poses significant risks to essential crops like maize, wheat, banana, and coffee, impacting household incomes, national economies, and global food security. Such challenges underscore the critical role of effective crop protection solutions in mitigating these risks. The demand for crop protection chemicals is therefore bolstered as farmers seek reliable methods to combat pests and diseases, ensuring stable yields and safeguarding agricultural production. This market growth is driven by the necessity for advanced formulations and technologies that can efficiently manage evolving pest pressures while supporting sustainable agricultural practices. As such, the ongoing need to protect crops from a wide array of threats continues to drive innovation and investment in the crop protection chemicals sector globally. 

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June 26, 2024

Smart Infrastructure Industry worth $2,109.5 billion by 2029

According to a research report "Smart Infrastructure Market Size, Share, Growth Analysis, By Offering, Focus Area (Smart Transportation, Smart Buildings, Smart Utilities, Smart Government), End User (Commercial, Residential, Industrial) and Region - Global Forecast to 2029" published by MarketsandMarkets, the smart infrastructure market is projected to grow from USD 923.0 billion in 2024 to USD 2,109.5 billion by 2029 at a CAGR of 18.0% during the forecast period. Governments around the world are implementing policies and regulations to promote the development and adoption of smart infrastructure. This includes initiatives to improve transportation systems, enhance energy efficiency, and create smarter, more resilient cities.

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June 26, 2024

Modular Automation Industry worth $7.0 billion by 2029

The report "Modular Automation Market by Type (Modular Type Packages, Modular DCS), Mobility (Semi-automatic, Fully Automatic), Component (Robot Controllers, I/O Modules, Drives & Motors, Sensors & Actuators, Safety), End-user Industry - Global Forecast to 2029" The Modular Automation Market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2029, at a CAGR of 7.9% from 2024 to 2029. The market's growth is propelled by increasing demand for flexible manufacturing processes, cost efficiency, and the ability to quickly adapt to changing production needs. Technological advances and the push for Industry 4.0 integration are also driving adoption.

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June 26, 2024

Industrial Software Industry worth $46.6 billion by 2029

The report "Industrial Software Market by Type (Manufacturing Execution System, SCADA, Human Machine Interface, Robotic Software, Fault Detection and Classification, Al in manufacturing, Industrial Metrology), End-use (Process, Discrete) - Global Forecast to 2029" The global industrial software industry is expected to be valued at USD 21.5 billion in 2024 and is projected to reach USD 46.6 billion by 2029; it is expected to grow at a CAGR of 16.7 % from 2024 to 2029. The industrial software market is propelled by several key factors driving smart manufacturing and intelligent factory initiatives globally. Adopting Industry 4.0 technologies such as IoT, AI, big data analytics, and cloud computing is pivotal in enhancing operational efficiency and agility. Industrial software solutions like MES, SCADA, and HMI systems optimize production processes by providing real-time monitoring, resource management, and workflow automation, reducing downtime and improving productivity.

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June 25, 2024

AVAS Market worth $1.7 billion by 2030

According to a research report "AVAS Market by Propulsion Type, Vehicle Type (Passenger Cars, Commercial Vehicles), Electric 2-Wheeler (E-scooter/Moped, E-motorcycle), Sales Channel, Mounting Position (Integrated, Separated) and Region - Global Forecast to 2030" published by MarketsandMarkets, the global AVAS market is projected to grow from USD 1.2 billion in 2024 to USD 1.7 billion by 2030, at a CAGR of 6.4%.

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June 25, 2024

ModelOps Market worth $29.5 billion by 2029

According to a research report "ModelOps Market Size, Share, Growth Analysis, By Offering (Platforms & Services), Application (CI/CD, Monitoring & Alerting), Model Type (ML Model, Graph Model, Agent-based Model), Vertical and Region - Global Industry Forecast to 2029" published by MarketsandMarkets, the market for modelOps is estimated to grow from USD 5.4 billion in 2024 to USD 29.5 billion in 2029, at a CAGR of 40.2% during the forecast period. ModelOps is revolutionizing the market by optimizing machine learning models' deployment, management, and governance. It accelerates time-to-market, enhances scalability across diverse environments, ensures compliance and transparency through standardized practices, fosters collaboration among teams, enables continuous monitoring for performance and security, reduces costs, manages risks effectively, and supports agile adaptation to evolving business needs. This holistic approach transforms organizations' operationalization of AI, making their data science initiatives more efficient, reliable, and impactful.

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June 25, 2024

Offshore Support Vessel Market worth $36.3 billion by 2029

According to a research report "Offshore Support Vessel Market by Technology (AHTS, PSV, MPSV, Standby & Rescue Vessels, Crew Vessels, Chase Vessels, Seismic Vessels), Application (Shallow water, Deepwater), End-user Industry, Material, Fuel Type and Region - Global Forecast to 2029" published by MarketsandMarkets, the global Offshore Support Vessel Market is projected to reach USD 36.3 billion by 2029 from an estimated USD 25.6 billion in 2024, at a CAGR of 7.2% during the forecast period.  The global offshore support vessel market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government policies and incentives and technological advancements among others. The rising global demand for energy, particularly from developing countries, pushes the need for increased offshore exploration and production, subsequently driving the OSV market.

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June 25, 2024

Adhesive Tapes Market worth $107.1 billion by 2029

The report "Adhesive Tapes Market by Resin Type (Acrylic, Rubber, Silicone), Technology (Solvent, Hot-Melt, Water-Based), Backing Material (PP, Paper, PVC), End-use Industry (Packaging, Healthcare, Electric & Electronics, Automotive) Region - Global Forecast to 2029", is projected to reach a market size of USD 107.1 billion by 2029 from USD 85.1 billion in 2024, at a CAGR of 4.7%. Asia pacific is the one of the largest markets for adhesive tapes. the demand for adhesive tapes is experiencing significant growth across various industries, including automotive, packaging, construction, electronics, healthcare, and more. Emerging nations such as China, India, Brazil, and Mexico are expected to play a crucial role in driving the global adhesive tapes market forward.

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June 25, 2024

Grease Market worth $7.4 billion by 2029

The report "Grease Market by Base Oil (Mineral, Synthetic, Bio-based), Thickener Type (Metallic Soap, Non-soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Agriculture, Mining, Power Generation) - Global Forecast to 2029", size is estimated to be USD 6.2 billion in 2024 and is projected to reach USD 7.4 billion by 2029, at a CAGR of 3.6%, between 2024 and 2029.

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June 25, 2024

Drip Irrigation Market worth $8.6 billion by 2029

According to a research report "Drip Irrigation Market Report by Component (Emitters/Drippers, Drip Tubes/Drip Mainlines, Filters & Fertilizer Injectors, Fittings & Accessories, Pressure Pumps And Valves), Crop Type, Application, Emitter/Dripper Type, & Region - Global Forecast to 2029" published by MarketsandMarkets, the global drip irrigation market is estimated at USD 5.6 billion in 2024 and is projected to reach USD 8.6 billion by 2029, at a CAGR of 9.0% during the forecast period. The need for drip irrigation is driven by increasing global demand for food security, water scarcity concerns, and the imperative to enhance agricultural productivity sustainably. Drip irrigation addresses these needs by efficiently delivering water and nutrients directly to plant roots, minimizing wastage, and optimizing crop yields. Factors driving the drip irrigation market include advancements in technology such as AI and IoT integration, government incentives promoting water-efficient practices, expansion of commercial farming, and the rising adoption of precision agriculture techniques. These factors collectively propel the growth of drip irrigation systems, meeting the challenges of modern agriculture while ensuring environmental sustainability.

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June 24, 2024

Industrial IoT Industry worth $286.3 billion by 2029

The report "Industrial IoT Market by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region - Global Forecast to 2029" The industrial IoT market is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Increasing adoption of IPv6, growing adoption of cloud platforms, increased IoT-related government initiatives and R&D activities worldwide, rise in demand for automation in industries, and global rise in internet penetration.

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June 24, 2024

Polyoxymethylene Market worth $4.4 billion by 2029

The report "Polyoxymethylene Market by Type (Homopolymer, Copolymer), Processing Techniques (Injection molding, Extrusion, Compression molding), Grade, End-use Industries, and Region (North America, Europe, APAC, MEA, & South America) - Global Forecast to 2029", is estimated to be USD 3.5 billion in 2024 and is projected to reach USD 4.4 billion by 2029 at a CAGR of 4.5%. The growth of polyoxymethylene is primarily driven by the increasing demand from the transportation industry. Stringent emissions norms and the growing electronics industry also help propel the demand for polyoxymethylene. Volatile raw material prices become the major restraining factor for the market. Rising demand from the healthcare sector provides opportunities for polyoxymethylene manufacturers. However, the slow rate of crystallization of polyoxymethylene emerges as a challenge for the polyoxymethylene market.

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June 24, 2024

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