HomePress Releases

Press Releases


Title Date

Generative AI Industry worth $136.7 billion by 2030

According to a research report "Generative AI Market by Software (GAN, Deep Learning, Transformer Models (GPT-4, LaMDA)), Modality (Text, Image (Editing, Enhancement), Video (Generation, Annotation), Audio & Speech (Transcription, Speech Recognition), Code) - Global Forecast to 2030" published by MarketsandMarkets, the market for generative artificial intelligence (AI) is anticipated to experience substantial expansion, ascending from a value of USD 20.9 billion in 2024 to a substantial worth of USD 136.7 billion by the year 2030. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 36.7% over the forecast period. The surge in the generative AI market is poised to be driven by a confluence of influential factors within the business landscape. Notably, evolution of cloud storage technology simplifying data accessibility, coupled with the emergence of AI and deep learning technologies changing the landscape, stands out as significant contributors to this trend. Additionally, the upswing in content generation and the growing demand for innovative creative applications are playing a pivotal role in propelling the upward trajectory of this market.

...... Read More
April 29, 2024

Automotive Turbocharger Market worth $22.9 billion by 2030

According to a research report "Automotive Turbocharger Market by Diesel & Gasoline Turbo (VGT, Wastegate, e-Turbo), Component (Turbine Wheel, Compressor Wheel, Housing), Material, Off-Highway Equipment, Vehicle Type, Fuel Type, Aftermarket and Region - Global Forecast to 2030" published by MarketsandMarkets, the Automotive Turbocharger market is estimated to grow from USD 15.2 billion in 2024 to USD 22.9 billion by 2030 with a CAGR of 7.1% over the forecast period. 

...... Read More
April 29, 2024

Cancer Biomarkers Industry Worth $42.0 billion by 2029, with a CAGR of 11.3%

The report "Cancer Biomarkers Market by Profiling Technology (Omics, Imaging), Cancer (Lung, Breast, Leukemia, Melanoma, Colorectal), Product (Instruments, Consumables), Application (Diagnostics, R&D, Prognostics), Enduser, and Region - Global Forecast to 2029", is projected to reach USD 42.0 billion by 2029 from USD 24.5 billion in 2024, at a CAGR of 11.3% during the forecast period.

...... Read More
April 29, 2024

Warehouse Management System Industry worth $8.6 billion by 2029

According to the new research report "Warehouse Management System Market by Offering (Software, Services), Deployment (On-premises, Cloud-based), Tier (Advanced, Intermediate, Basic), End User (Automotive, E-commerce, Electricals & Electronics) and Region - Global Forecast to 2029" The warehouse management system market to grow from USD 4.0 billion in 2024 and is expected to reach USD 8.6 billion by 2029, growing at a CAGR of 16.3% from 2024 to 2029.The key factors contributing to the growth of the warehouse management system market include the thriving e-commerce industry, the increasing proliferation of businesses operating across multiple distribution channels.  With businesses expanding their reach across various distribution channels such as e-commerce platforms, brick-and-mortar stores, wholesale channels, and more, the complexity of managing inventory, orders, and fulfillment processes increases significantly. However, WMS simplifies these complexities by providing a centralized platform to oversee and coordinate operations seamlessly across multiple channels.

...... Read More
April 29, 2024

Organic pigments Market worth $6.0 billion by 2029

The report "Organic pigments Market by Source (Synthetic and Natural), Type (Azo, Phthalocyanine, High-Performance Pigments(HPPs)), Application (Printing inks, Paints & Coatings, Plastics), and Region - Global Forecast to 2029", is estimated at USD 4.4 billion in 2024 and is projected to reach USD 6.0 billion by 2029, at a CAGR of 6.5% from 2024 to 2029. Organic pigments are organic compounds that change the color of reflected light with selective wavelength absorption. Due to their insoluble property in coating systems and polymers, organic pigments are widely accepted across end-use industries. Organic pigments offer higher color strength and gloss when compared with inorganic pigments at the cost of lower covering power. These pigments are mainly classified into three groups, azo pigments, polycyclic pigments, and anthraquinone pigments, based on carbon, hydrogen, and nitrogen as their basic chemicals.

...... Read More
April 29, 2024

Smart Lighting Industry worth $18.0 billion by 2029

According to a research report "Smart Lighting Market by Installation Type (New Installations, Retrofit Installations), Offering (Hardware, Software, Services), End-use Application (Indoor, Outdoor), Communication Technology (Wired, Wireless) and Region - Global Forecast to 2029" The smart lighting market is expected to reach USD 18.0 billion by 2029 from USD 9.5 billion in 2024, at a CAGR of 13.8% during the 2024-2029 period. Various companies are investing in smart lighting which gives an opportunity for growth in the smart lighting market. The smart lighting market is continuously developing, with the presence of multiple players. Currently Europe is contributing significantly to the growth of the smart lighting market. Similarly, the Asia Pacific, North America and RoW regions are expected to be the growing market for the forecasted period.

...... Read More
April 26, 2024

Biostimulants Industry worth $7.6 billion by 2029

According to a research report "Biostimulants Market Report by Active Ingredients (Humic Substances, Seaweed Extracts, Amino Acids, Microbial Amendments, Minerals & Vitamins), Crop Type, Mode of Application, Form (Dry, Liquid) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global biostimulants market is estimated at USD 4.3 billion in 2024 and is projected to reach USD 7.6 billion by 2029, at a CAGR of 12.0% during the forecast period. The global biostimulants market has witnessed remarkable growth in recent years, driven by factors Such as growing awareness among farmers about the benefits of biostimulants in improving crop yield, quality, and resilience to stress factors such as drought, salinity, and disease. As more research validates the efficacy of biostimulants, their adoption is increasing across different crop types and regions. The increasing demand for organic food products has fueled the expansion of organic farming practices globally. Biostimulants play a crucial role in organic agriculture by providing natural solutions for nutrient management, pest control, and soil fertility enhancement, further boosting market growth.

...... Read More
April 26, 2024

Oligonucleotide Synthesis Market worth $19.7 billion by 2029

The report "Oligonucleotide Synthesis Market by Product (Drugs (ASO, siRNA), Synthesized Oligo (Primer), Reagents, Equipment), Type (Custom, Predesigned), Application (Therapeutic (Neurology, Rare), Research (PCR, Sequencing), Diagnostics) - Global Forecast to 2029", is projected to reach USD 19.7 billion by 2029 from USD 8.8 billion in 2024, at a CAGR of 17.5% during the forecast period. One of the key factors driving the market growth is the growing acceptance of alternate therapies such as oligonucleotide based therapies for the treatment of neurological and rarae  The incorporation of synthesized oligonucleotides to treat various diseases also supports market growth.

...... Read More
April 26, 2024

Loyalty Management Industry worth $25.4 billion by 2029

According to a research report "Loyalty Management Market by Offering (Solution (Customer Retention, Customer Loyalty, Channel Loyalty), and Services), Operator, Vertical (BFSI, Aviation, Automobile, Media, Retail & Consumer Goods, Hospitality) & Region - Global Forecast to 2029" published by MarketsandMarkets, the loyalty management market is expected to reach USD 25.4 billion by 2029 from USD 11.4 billion in 2024, at a CAGR of 17.3 % during 2024–2029.  

...... Read More
April 26, 2024

Solar Panel Recycling Market worth $931 million by 2029

The report "Solar Panel Recycling Market by Type (Monocrystalline, Polycrystalline, Thin Film), Process (Thermal, Chemical, Mechanical, Laser, Combination), Shelf Life (Early Loss, Normal Loss), Material (Metal, Glass, Plastic, Silicone) - Global Forecast to 2029", is projected to reach USD 931 million by 2029, at a CAGR of 19.3% from USD 385 million in 2024.

...... Read More
April 26, 2024

Steel Fiber Market worth $2.44 billion by 2029

The report "Steel Fiber Market by Type (Hooked, Straight, Deformed, Crimped), Manufacturing Process (Cold Drawn, Cut Wire, Melt Extract, Slit Sheet), Application (Concrete Reinforcements, Composite Reinforcements, Refractories), & Region- Global Forecast to 2029", is estimated at USD 1.96 billion in 2024 and is projected to reach USD 2.44 billion by 2029, at a CAGR of 4.5% from 2024 to 2029. The growth of the Steel fiber Market is being driven by a number of factors, including increasing demand from construction industry, high tensile & shear strength of steel fiber compared to synthetic fibers, increasing demand for steel fibers in automotive composites. The surge in usage of glass and synthetic fibers and high cost of steel fibers over traditional reinforcement materials could hinder market growth. Technological advancements and innovation in manufacturing techniques, will boost the Steel fiber Market.

...... Read More
April 25, 2024

Event Management Software Industry worth $34.7 billion by 2029

According to a research report "Event Management Software Market by Offering (Software (All-in-one- Event Management Platform, Event Planning Software, Event Marketing Software, Event Registration, Venue Management Software), Event Type (Virtual, In-Person) - Global Forecast to 2029" published by MarketsandMarkets, The global event management software market will grow from USD 15.5 billion in 2024 to USD 34.7 billion by 2029 at a compounded annual growth rate (CAGR) of 17.4% during the forecast period. The event management software market increasingly emphasizes data analytics and insights-driven event management. Modern event management solutions leverage data analytics to track attendee behavior, measure event performance, and gather feedback for continuous improvement. By analyzing metrics such as attendance rates, session popularity, and attendee satisfaction scores, organizers can gain valuable insights to refine marketing strategies, personalize the event experience, and maximize event success.

...... Read More
April 25, 2024

Control Valve Industry worth $13.0 billion by 2029

The report "Control Valve Market by Material (Stainless Steel, Cast Iron, Cryogenic, Alloy Based), Component (Actuators, Valve Body), Size, Type (Rotary, Linear), Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals) & Region - Global Forecast to 2029" The global Control Valve industry size is expected to grow from USD 10.0 billion in 2024 to USD 13.0 billion by 2029, registering a CAGR of 5.4%. The global market for control valves has experienced significant growth driven by heightened industrial automation, a growing need for precise process control, and advancements in valve technology, resulting in enhanced operational efficiency and reliability.

...... Read More
April 25, 2024

Biomarkers Industry worth $93.8 billion in 2029, with a CAGR of 10.2%

The report "Biomarkers Market by Product & Service (Consumable, Software), Type (Safety, Efficacy), Research Area, Technology (NGS, PCR, Mass Spectrometry), Disease (Cancer, Infectious), Application (Diagnostics, Clinical Research) - Global Forecast to 2029", is expected to reach USD 93.8 billion in 2029 from USD 57.7 billion in 2024, at a CAGR of 10.2% during the forecast period.

...... Read More
April 25, 2024

OTR Tire Market worth $7.0 billion by 2030

According to a research report "OTR Tires Market by Application & Equipment (Construction & Mining, Agriculture Tractors By Power Output, Industrial Vehicle, ATVs), Type (Radial, Solid, Bias), Rim Size, Retreading (Application, Process), Aftermarket & Region - Global Forecast to 2030" published by MarketsandMarkets, the global OTR Tire market is estimated to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2030, at a CAGR of 6.5%.

...... Read More
April 25, 2024

Beta-Glucan Industry worth $800 million by 2029

According to a research report "Beta-Glucan Market by Category (Soluble, Insoluble), Source (Cereal & Grains, Mushroom, Yeast, Seaweed), Application (Food & Beverage, Dietary Supplement, Personal Care, Cosmetics, Pharmaceutical, Animal Feed), Type and Region - Global Forecast to 2029" published by MarketsandMarkets, the beta-glucan market is estimated at USD 542 million in 2024 and is projected to reach USD 800 million by 2029, at a CAGR of 8.1% from 2024 to 2029. The growth of the beta-glucan market is being fueled by factors like the growing demand for natural food additives in the food and beverage industry and the increasing utilization of beta-glucan in pharmaceutical tablets and capsules. Additionally, the rising trend of incorporating beta-glucan in cosmetic products to enhance emulsification is contributing to market expansion.

...... Read More
April 24, 2024

Vaccines Market worth $94.9 billion by 2029

The report "Vaccines Market by Technology (Conjugate, Recombinant, Live Attenuated, Toxoid, Viral Vector, mRNA), Type (Monovalent, Multivalent), Disease (Pneumococcal, Flu, HPV, Herpes Zoster, MMR, Rotavirus, RSV), Route of Administration - Global Forecast to 2029", (including COVID-19 vaccines)  is projected to reach USD 94.9 Billion by 2029 from USD 78.0 Billion in 2024, at a CAGR of 4.0% during the forecast period. Similarly the vaccines market (excluding COVID-19 vaccines) is projected to reach USD 80.3 Billion by 2029 from USD 53.0 Billion in 2024, at a CAGR of 8.7% during the forecast period. The growth in the vaccines market is fueled by various factors such as launch of RSV vaccines, rise in adoption of HPV vaccine and strategic partnerships between key market players.

...... Read More
April 24, 2024

Lubricants Market worth $198.4 billion by 2029

The report "Lubricants Market by Base Oil Type (Mineral Oil Lubricant, Synthetic Lubricants, Bio-based Lubricants), Product Type (Engine Oil, Turbine Oil, Metalworking Fluid, hydraulic Oil), End-use Industry (Transportation and Industrial) - Global Forecast to 2029", size was USD 173.5 billion in 2024 and is projected to reach USD 198.4 billion by 2029, at a CAGR of 2.7%, between 2024 and 2029.

...... Read More
April 24, 2024

Conversational AI Industry worth $49.9 billion by 2030

According to a research report "Conversational AI Market Conversational AI Market, by Technology (Supervised Learning, Reinforcement Learning, Sentiment Analysis, ASR, Speech to Text, Data Mining, Voice Activity Detection), Conversational Agents (Generative AI, AI Bots, IVA) - Global Forecast to 2030" published by MarketsandMarkets, the conversational AI market is projected to grow from USD 13.2 billion in 2024 to USD 49.9 billion by 2030, at a compound annual growth rate (CAGR) of 24.9% during the forecast period. The conversational AI market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing integration of computer vision and voice recognition technology to facilitate more in-depth and personalized interactions. Exponential growth of focus on customer engagement and retention and increasing integration of AI chatbots in messaging services, and growing emergence of generative AI is also responsible for driving the market’s growth.

...... Read More
April 24, 2024

SiC-on-Insulator (SiCOI) Film Industry worth $1,134 million by 2029

The report "SiC-on-Insulator (SiCOI) Film Market by Substrate Material (Si, Polycrystalline SiC, Others), Wafer Size (100 mm, 150 mm, 200 mm), Technology Route (Smart Cut Technology, Grinding/Polishing/Bonding Technology) and Region - Global Forecast to 2029" The SiC-on-insulator (SiCOI) film industry size is projected to reach USD 1,134 million by 2029 from USD 37 million in 2024, at a CAGR of 98.1% from 2024 to 2029. Increasing demand for high-power electronics across various industries, the growing emphasis on energy efficiency and sustainability, and expanding telecommunication and data communication networks are some major factors driving the growth of the SiC-on-Insulator (SiCOI) film industry . Moreover, Industry collaborations, involving SiCCOI film manufacturers, and power device manufacturers, fuel market expansion, driving innovation and advancing the overall immersive technology ecosystem.

...... Read More
April 24, 2024

Cyclopentane Market worth $476 million by 2028

The report "Cyclopentane Market by Function (Blowing Agent & Refrigerant, Solvent & Reagent), Application (Residential Refrigerators, Commercial Refrigerators, Insulated Containers, Insulating Construction Materials, Electrical), and Region - Global Forecast to 2028", size was USD 366 million in 2023 and is projected to reach USD 476 million by 2028 at a CAGR of 5.4% between 2023 and 2028. The phase-out of hydrochlorofluorocarbons (HCFCs), mandated by international environmental agreements such as the Montreal Protocol, is expected to drive the demand for cyclopentane in several ways. HCFCs have been commonly used as blowing agents in the production of polyurethane foam insulation, particularly in applications such as refrigeration and construction. However, due to their ozone-depleting properties and contribution to global warming, their usage is progressively restricted and phased out. As HCFCs are phased out, manufacturers are seeking alternative blowing agents that are more environmentally friendly and compliant with regulations. Cyclopentane is a prominent candidate due to its low global warming potential (GWP) and ozone depletion potential (ODP), making it an attractive substitute for HCFCs in polyurethane foam insulation applications.

...... Read More
April 23, 2024

Plant Growth Regulators Industry worth $4.6 billion by 2029

According to a research report "Plant Growth Regulators Market by Type (Auxins, Cytokinins, Gibberellins, And Ethylene), Function (Plant Growth Promoters, And Plant Growth Inhibitors), Crop Type (Cereals, Oilseeds Fruits, Turfs), Formulation and Region - Global Forecast to 2029" published by MarketsandMarkets, the global market for plant growth regulators is estimated at USD 3.3 billion in 2024 and is projected to reach USD 4.6 billion by 2029, at a CAGR of 7.2% during the forecast period.  There is a growing emphasis on sustainable agricultural practices, including organic farming, which has further fueled the demand for plant growth regulators. These regulators help optimize plant growth while minimizing environmental impact, aligning with sustainability goals. Moreover, the market is influenced by technological advancements in agriculture, leading to the development of innovative products and formulations that enhance the effectiveness of plant growth regulators. Factors such as increasing awareness about the benefits of plant growth regulators, expansion of the agriculture industry, and government initiatives supporting agricultural development also contribute to market growth. Overall, the combination of these drivers is propelling the expansion of the plant growth regulators market worldwide.

...... Read More
April 23, 2024

Laboratory Filtration Market worth $6.1 billion by 2029

The report "Laboratory Filtration Market by Product (Filters [Membrane Filter, Depth Filter], Media, Assemblies, Accessories), Material (PES, PVDF, Nylon, PTFE), Technique (Ultrafiltration, Microfiltration, Nanofiltration, Reverse Osmosis) – Global Forecast to 2029", global laboratory filtration market is projected to reach USD 6.1 billion by 2029 from USD 4.1 billion in 2024, sat a CAGR of 8.3% during the forecast period of 2024 to 2029.  Some factors contributing to the growth of the global market include rising R&D spending in pharmaceutical and biotechnology industries, growing adoption of membrane filtration, increasing demand for single-use filtration products, stringent regulatory requirements. Despite this, concerns related to membrane fouling, and contamination risks and need to preserve product integrity are expected to hinder market growth.

...... Read More
April 23, 2024

Farm Management Software Industry worth $5.8 billion by 2029

According to a research report "Farm Management Software Market by Application (Precision Farming, Livestock, Aquaculture, Forestry, Smart Greenhouses), Offering (On-cloud, On-premise, Data Analytics Services), Farm Size, Farm Production and Region - Global Forecast to 2029" The Farm Management Software Industry size is projected to reach from USD 3.4 billion in 2024 to USD 5.8 billion by 2029; it is expected to grow at a CAGR of 11.0% from 2024 to 2029. The adoption of farm management software enables farmers to embrace sustainable farming practices by optimizing input utilization, minimizing waste, and enhancing soil health. This becomes particularly crucial in response to heightened consumer demands for sustainable food production practices.

...... Read More
April 23, 2024

Edge Computing Industry worth $110.6 billion by 2029

According to a research report "Edge Computing Market by Hardware (Server, Gateway, Sensor), Software (Data, Device, Network, Application Management), Applications (Real-time data processing, Predictive Maintenance, IoT Data Utilization, Remote Monitoring) - Global Forecast to 2029" published by MarketsandMarkets, the Edge computing market size is expected to grow from USD 60.0 billion in 2024 to USD 110.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.0% during the forecast period. As the Internet of Things (IoT) gains wider acceptance, numerous sectors are embracing this technology to harness real-time data for improved decision-making. While the influence of IoT is widely acknowledged in fields like retail and healthcare, it is now significantly transforming industries requiring innovation, including manufacturing, transportation & logistics, energy & utilities, food and beverage, and waste management. In conjunction with IoT, Edge Computing offers organizations a resilient framework for instantaneously analyzing crucial data, ushering in a new era of efficiency and agility.

...... Read More
April 23, 2024

3D Printing Industry worth $37.4 billion by 2029

The report "3D Printing Market by Offering (Printer, Material, Software, Services), Technology (Fused Deposition Modelling, Stereolithography), Process (Powder Bed Fusion, Material Extrusion, Binder Jetting), Application, Vertical & Region - Global Forecast to 2029" The 3D Printing industry is projected to grow from USD  17.5 billion in 2024 and is estimated to reach USD  37.4 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.4% from 2024 to 2029. The growth of the 3D Printing industry is driven by ease in the advancement of customized products; reduction in manufacturing cost and process downtime; global government investment in 3D printing projects; availability of wide variety of industrial-grade 3D printing materials; complex part manufacturing in the aerospace & defense sector.

...... Read More
April 22, 2024

Digital Asset Management Industry worth $10.3 billion by 2029

According to a research report "Digital Asset Management Market by Business Function (Marketing & Advertising, Finance & Accounting, Sales & Distribution, IT & Operations, HR), Solutions (On-premises, Cloud), Vertical (BFSI, Retail, Government, Manufacturing) - Global Forecast to 2029" published by MarketsandMarkets, the Digital Asset Management Market is expected to grow from USD 5.3 billion in 2024 to USD 10.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. The growing number of digital assets across industries will boost the growth of the digital asset management market during the forecast period.

...... Read More
April 22, 2024

Future of EV Batteries Market worth 62 million units by 2035

According to a research report "Future of EV Batteries Market by Type (Li-ion, Na-ion, Solid state, Li- Air), Vehicle Type (Passenger Cars, Commercial Vehicles, Off-Road Vehicles), Battery Form (Prismatic, Pouch, Cylindrical), Packaging (CTM, CTP, CTC, MTC) & Region - Global Forecast 2035" published by MarketsandMarkets, the global future of EV  batteries market is projected to grow from 16 million units in 2024 to 62 million units by 2035, at a CAGR of 12.7%.

...... Read More
April 22, 2024

Polyethyleneimine Market worth $497 million by 2029

The report "Polyethyleneimine Market by Type (Branched, Linear), Application (Detergents, Adhesives and Sealants, Water Treatment Chemicals, Cosmetics, Paper, Coatings, Inks, and Dyes), and Region - Global Forecast to 2029", is projected to reach a market size of USD 497 million by 2029 from USD 479 million in 2024, at a CAGR of 0.8%. Asia pacific is the one of the largest markets for polyethyleneimine. The demand for polyethyleneimine is increasing in the adhesive and sealants, detergents, water treatment chemicals, and cosmetics. The demand from emerging nations, such as China, India, Mexico, Indonesia, and Brazil are expected to drive the global polyethyleneimine market.

...... Read More
April 22, 2024

Solid Biomass Feedstock Industry worth $36.2 billion by 2029

According to a research report "Solid Biomass Feedstock Market by Source (Agriculture, Forest, Municipal), Type (Chips, Pellets, Briquettes), Application (Electricity, Heat, Biofuel), End User (Residential & Commercial, Industrial, Utilities) & Region - Global Forecast to 2029" published by MarketsandMarkets, the global solid biomass feedstock market is projected to reach USD 36.2 billion by 2029 from an estimated USD 26.6 billion in 2024, at a CAGR of 6.3% during the forecast period. Solid biomass feedstock refers to organic materials which are in solid state sourced from different sources such as agriculture, forestry, and organic waste, which can be utilized for energy production via combustion, gasification, or other conversion methods. These resources, are renewable and easily accessible, rendering them crucial for generating heat, electricity, and biofuels. Solid biomass feedstock serves as a cornerstone in the shift toward sustainable energy systems, providing a carbon-neutral substitute for fossil fuels and mitigating greenhouse gas emissions.

...... Read More
April 19, 2024

First

Previous

Next

Last




How can we help you?

To discuss how our team can help you and your business achieve true results,
Get in touch with us

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status