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Press Releases from Fact.MR (44483 total)

Global Business Workflow Automation Market to achieve a revenue of US$ 12.7 bill …

The global business workflow automation market is anticipated to witness substantial growth, escalating from US$ 7.84 billion in 2023 to an estimated US$ 12.7 billion by 2033. During the forecast period from 2023 to 2033, the market is poised to exhibit a Compound Annual Growth Rate (CAGR) of 4.9%. Workflow automation, a key driver of effective control across internet, cloud, operating systems, and division interactions, adds a crucial layer of visualization

Industrial Chocolate Market to Reach $97 Billion by 2033: Fact.MR

The global industrial chocolate market, estimated at US$ 62.4 billion in 2023, is poised for substantial growth, projected to reach US$ 97 billion by 2033. This expansion reflects a steady Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2033. The food and beverage sector is experiencing a transformation fueled by heightened consumer awareness and interest in product origins and production practices. With a growing emphasis on responsibility and transparency,

Fish Sauce Market Is Projected To Reach A Size Of US$ 30.5 Billion By 2032

The global fish sauce market is anticipated to experience steady growth, with a projected Compound Annual Growth Rate (CAGR) of 6% throughout the forecast period from 2022 to 2032. In 2022, the market is estimated to achieve a valuation of US$ 17.1 Billion, signaling a significant expansion. With sustained demand in the global market, the fish sauce industry is poised to reach a noteworthy US$ 30.5 Billion by 2032. The term

Pet Insurance Market Projected to Surge at 16.5% CAGR by 2032: Fact.MR Report

The global pet insurance market, valued at US$ 8.5 Billion in 2021, is anticipated to maintain a steady growth trajectory with a compound annual growth rate (CAGR) of 16.5% throughout the forecast period. This growth trajectory suggests that the industry could attain a market size of approximately US$ 45.6 Billion by the year 2032. By the end of 2022, the market is expected to reach a valuation of US$ 9.9

Future Outlook: Mobile Wallet Market Poised to Reach US$ 1,965 Billion by 2033

The global mobile wallet market achieved a worth of US$ 269 billion in 2023. Forecasts indicate a robust surge in demand, with a projected Compound Annual Growth Rate (CAGR) of 22%, leading to a market value of US$ 1,965 billion by 2033. By the close of 2033, mobile wallets utilizing QR code technology are anticipated to dominate the market, accounting for over 47% of global revenue share. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬

Satellite Internet Market Set to Exceed $6 Billion by 2031: Fact.MR Report

The satellite internet industry is projected to exceed a market value of US$ 6 Billion and exhibit a compound annual growth rate (CAGR) of over 8% throughout the forecast period from 2021 to 2031. In the past two decades, the internet has transitioned from being considered a commodity to an essential amenity, largely due to the proliferation of smartphones. Despite smartphone penetration surpassing 48% in 2020, internet accessibility remained largely limited
02-13-2024 | Food & Beverage
Fact.MR

Dairy-Free Delight: Vegan Yogurt Sales to Double, Exceeding $12 Billion by 2033

In recent years, consumers have significantly increased the demand for vegan yogurt, reflecting a shift towards plant-based diets and healthier lifestyle choices. Vegan yogurt, crafted from non-dairy ingredients such as soy, almond, coconut, or cashews, provides a delicious and nutritious alternative to traditional dairy yogurt, catering to individuals with lactose intolerance, dietary restrictions, or ethical considerations. Worldwide sales of vegan yogurt are projected to rise from over 𝗨𝗦$ 𝟲.𝟴 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in
02-13-2024 | Health & Medicine
Fact.MR

Cardiac Pacemakers Industry: The US$ 6.15 Billion-Dollar Breakout You Can't Miss

Cardiac pacemakers represent a vital lifeline for individuals grappling with heart rhythm disorders, providing crucial support to regulate heartbeats and enhance overall cardiac function. As medical technology continues to advance, the demand for cardiac pacemakers has surged, driven by factors such as aging populations, increased prevalence of cardiovascular diseases, and advancements in pacemaker technology. The global market for cardiac pacemakers is estimated to reach a substantial size of 𝗨𝗦$ 𝟯.𝟵𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻

Silicone Coatings Market is Expected to Reach a Valuation of US$ 11.8 Billion at …

The silicone coatings market in North America holds a commanding market share of 32.3% and is projected to achieve an estimated valuation of US$ 3.95 billion by the conclusion of 2032. This upward trajectory is primarily fueled by substantial investments in the industrial sector and the widespread adoption of silicone coatings across various industry verticals in the region. The global silicone coatings market is valued at US$ 6.64 billion and is

Coupling Agents Market is Set to Globally Reach US$ 812.1 Million at 4.2% CAGR b …

The Coupling Agents Market in the United States is poised to hold the largest market size, reaching US$ 262.2 million in 2032. This surge in demand can be attributed to the increasing popularity of products made from materials like glass-reinforced nylon, glass-reinforced polyesters, and recycled plastics, driving the demand for coupling agents across the country. Global sales of coupling agents reached US$ 519.4 million in 2021 and are forecasted to soar
02-13-2024 | Health & Medicine
Fact.MR

Urodynamic Devices Market is Poised to Reach US$ 581.5 Million at a 6.8% CAGR by …

The global urodynamic devices market reached a valuation of US$ 299.5 million in 2023 and is projected to achieve a valuation of US$ 581.5 million by the conclusion of 2033. It is forecasted that worldwide shipments of urodynamic devices will experience a compound annual growth rate (CAGR) of 6.8% over the subsequent decade. The anticipated surge in shipments of urodynamic devices over the next ten years is primarily attributed to increasing

Rubber Processing Chemicals Market is Expected to Achieve US$ 7.14 Billion at CA …

The rubber processing chemicals market in the United States is expected to exceed US$ 1.2 billion by 2022, driven primarily by its widespread use in the automotive sector. The nation's growth prospects are further bolstered by increased construction activities, especially in flooring and roofing applications. In fiscal year 2022, sales of rubber processing chemicals reached a valuation of US$ 5.15 billion, with a projected year-on-year expansion rate of 3.1%, expected to
02-13-2024 | Health & Medicine
Fact.MR

Dental Digital X-ray Market is Projected Grow at CAGR of 8% to Achieve USD 6 Bil …

The analysis of the dental digital X-ray market in North America reveals that the United States emerged as the frontrunner, contributing significantly to market demand, surpassing $770 million in 2020. This surge can be attributed to heightened awareness and affordability, driving a considerable influx of patients seeking dental care in the country, consequently boosting demand for dental products and services. On a global scale, the dental digital X-ray sector exhibited a

Flame Resistant and Retardant Fabric Market is Predicted to Reach USD 11.3 Billi …

The global flame-resistant and retardant fabrics market reached a valuation of approximately USD 5.5 billion in 2022. Forecasts indicate significant growth potential, with the market expected to reach around USD 11.3 billion by 2032. This projected expansion is anticipated to occur at a steady compound annual growth rate (CAGR) of 7.5% over the decade spanning from 2022 to 2032. Flame-resistant and retardant fabrics play a diverse role across various industries, including

Video Games Market Accelerates at a CAGR of 13% to Top US$ 650 Billion by 2032

The video games market has witnessed unprecedented growth over the years, becoming one of the most lucrative sectors in the entertainment industry. The video game market is expected to grow at a compound annual growth rate (CAGR) of 13% to top US$ 650 billion by 2032 from its valuation of approximately US$ 170.53 billion in 2021. The market will likely be driven by technological advancements and ongoing innovation in both

Metal Cladding Market to Reach US$ 55 Billion by 2033 With a 5% CAGR

In 2023, the global metal cladding market reached a valuation of US$ 33.6 billion. Projections indicate that by the end of 2033, this market is expected to hit US$ 55 billion, marking a steady compound annual growth rate (CAGR) of 5% over the coming decade. Metal cladding, a technique of layering a building's exterior with metal panels, has emerged as a key player in the construction industry, revolutionizing architectural facades. This

Glue Laminated Timber Market Set for 5% CAGR Through 2023-2033

The glue laminated timber market reached a valuation of US$ 8 billion in 2023 and is projected to witness substantial growth, reaching US$ 13 billion by 2033. This expansion is anticipated to occur at a compound annual growth rate (CAGR) of 5% during the forecast period spanning from 2023 to 2033. Glue laminated timber (GLT), also known as glulam, has emerged as a versatile and sustainable alternative to traditional building materials.

Demand for the Stucco Market is projected to reach a value of US$ 17.20 billion …

In 2023, the stucco market reached a valuation of US$ 11.93 billion. Forecasts suggest that the global demand for stucco will grow at a compound annual growth rate (CAGR) of 3.7%, leading to a market value of US$ 17.20 billion by 2033. Stucco, a popular building material renowned for its durability, versatility, and aesthetic appeal, has witnessed a steady rise in demand across various construction sectors. From residential to commercial projects,

Fire Resistant Glass Market to Surge at a CAGR of 10% With a US$ 16.26 Billion B …

The fire resistant glass market reached an estimated value of US$ 6.27 billion in 2023 and is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 10%, reaching US$ 16.26 billion by 2033. Market Dynamics: Fire resistant glass is a critical component in ensuring safety across various industries, including construction, automotive, aerospace, and marine. The market for fire resistant glass is primarily driven by stringent safety regulations, growing awareness regarding

Healthcare Automation Market to Reach $94 Billion by 2033 with a 9.3% CAGR

In 2023, the healthcare automation market reached a valuation of US$ 38.6 billion and is projected to grow at a compound annual growth rate (CAGR) of 9.3% over the next decade. By the end of 2033, the market is anticipated to expand significantly, reaching a size of US$ 94 billion. Healthcare automation is revolutionizing the way medical services are delivered, managed, and optimized. The integration of advanced technologies such as robotics,

Global Distributed Energy Storage Market Surges to $4.2 Billion in 2022, Project …

Valuation of the global distributed energy storage system market has reached US$ 4.2 billion in 2022 and is expected to increase rapidly at a CAGR of 9.6% to end up at US$ 10.6 billion by 2032. The Distributed Energy Storage System (DESS) market has experienced significant growth and transformation in recent years, driven by the increasing demand for reliable and sustainable energy solutions. As the world transitions towards a cleaner and

Fact.MR

Valuation of the global distributed energy storage system market has reached US$ 4.2 billion in 2022 and is expected to increase rapidly at a CAGR of 9.6% to end up at US$ 10.6 billion by 2032. The Distributed Energy Storage System (DESS) market has experienced significant growth and transformation in recent years, driven by the increasing demand for reliable and sustainable energy solutions. As the world transitions towards a cleaner and

Load Monitoring Systems Market on the Path to US$ 4.44 Billion by 2033

The global load monitoring systems market was valued at approximately US$ 2.85 billion in 2023, with forecasts suggesting a robust growth trajectory. Projections indicate that by the end of 2033, the market is expected to reach a valuation of US$ 4.44 billion. This growth trajectory signifies a compound annual growth rate (CAGR) of approximately 4.5% over the coming decade. The anticipated rise in demand for load monitoring systems underscores the
02-12-2024 | Sports
Fact.MR

Sports Flooring Market is Forecasted to Reach a Value of US$ 3,800 Million by 20 …

The global sports flooring market is expected to be worth $2,746.13 million in 2023 and $3,800 million by 2033, with a CAGR of 3.3% between 2023 and 2033. The Sports Flooring market stands as a cornerstone in the realm of sports infrastructure, providing the foundation for safe and high-performance athletic activities. This overview delves into the evolution of sports flooring, from traditional surfaces to the cutting-edge materials and technologies that define
02-12-2024 | Food & Beverage
Fact.MR

Air-based Foods Market Size to Surpass US$ 100 Million by 2032, at 11.7% CAGR

The global air-based foods market is expected to grow at an 11.7% CAGR, reaching $100 million by the end of 2032. The primary reason for the fast adoption of air-based foods is the requirement for long-term food production and the limited quantity of cultivable land. The Air-based Foods market is at the forefront of a culinary revolution, redefining how we perceive and consume food. This overview delves into the innovative realm

Balsa Wood Market Set to Soar: Expected to Reach US$ 218 Million by 2033 with a …

The global balsa wood market is valued at US$ 155.9 million in 2023 and is forecasted to reach a market size of US$ 218 million by 2033, expanding at a steady CAGR of 3.3% from 2023 to 2033. The Balsa Wood market in the USA is experiencing a remarkable resurgence, driven by the growing demand for sustainable materials in various industries. Balsa wood, known for its lightweight and versatile characteristics, has

Clear Skies Ahead: Global Air Purifier Market to Reach US$ 48.9 Billion by 2034, …

The global air purifier market size is projected to be valued at US$ 23.72 billion in 2024 and is forecasted to grow to a size of US$ 48.9 billion by the end of 2034. Worldwide sales of air purifiers are projected to rise at a noteworthy 7.5% CAGR over the next ten years (2024 to 2034). In recent years, the global air purifier market has witnessed significant growth, driven by an

Biomarkers Market Soars: Safety Biomarkers Lead with 15.9% Projected Growth from …

The global biomarkers market size was valued at US$ 59.1 Billion in 2021 and is expected to expand at a compound annual growth rate CAGR of 15.3% from 2022 to 2032. Safety Biomarkers are expected to be the highest revenue generating biomarker type, with a projected growth of 15.9% from 2022-2032. Biomarkers, or biological indicators, have revolutionized the fields of medicine and healthcare by enabling early disease detection, personalized treatment, and

Robust Growth Projected: Global Construction Equipment Market Set to Reach US$ 1 …

The global construction equipment market size was valued at US$ 113 Billion in 2021, and is expected to increase at a steady CAGR of 4% during the forecast period. As per this growth rate, this industry can be projected to reach a market size of worth US$ 174 Billion by 2032. The global construction equipment market is a dynamic and essential component of the construction industry. It encompasses a wide range
02-12-2024 | Food & Beverage
Fact.MR

Seed Coating Materials Market is Forecasted to Reach a Value of US$ 3.41 Billion …

The global seed coating materials market is expected to grow at a 6.5% CAGR from US$ 1.74 billion in 2021 to US$ 3.41 billion by the end of 2032. The Seed Coating Materials market plays a pivotal role in modern agriculture, contributing to the enhancement of seed performance and overall crop yield. This overview delves into the evolution of seed coating materials, tracing their journey from simple formulations to sophisticated technologies

Air Charter Services Market is Forecasted to Reach a Value of US$ 54.0 Billion b …

The air charter services market is expected to be worth $31.9 billion by the end of 2023, growing at a 5.4% CAGR to $54.0 billion by 2033. The Air Charter Services market serves as a pivotal element in the aviation industry, offering a flexible and tailored alternative to traditional air travel. This overview delves into the evolution of air charter services, tracing their roots from exclusive luxury travel to becoming a

Precision Farming Market is Projected to Increase at a CAGR of 13% Through 2032

The precision farming market is expected to be worth $6 billion in 2022 and to expand at a 13% CAGR between 2022 and 2032. The global precision farming sector is expected to be worth US$ 20.36 billion by 2032. The Precision Farming market has emerged as a transformative force in the agricultural landscape, revolutionizing traditional farming practices through the integration of advanced technologies. This overview explores the evolution of precision farming,

Payment Gateway market is expected to reach a value of US$ 189 Bn by 2032

In 2022, the global payment gateway market reached a valuation of US$ 26 billion, and it is anticipated to exhibit a robust compound annual growth rate (CAGR) of 21% from 2022 to 2032. The upsurge in demand for mobile-based payments worldwide is a pivotal factor driving this market expansion. Additionally, the surge in e-commerce sales and the widespread penetration of the internet on a global scale are key contributors expected to

Data Center Market Projected to Reach $279 Billion with 13.8% CAGR by 2032

The global data center market is expected to be valued at over $77 billion in 2022. The revenue generated by data centers is expected to increase significantly, with a Compound Annual Growth Rate (CAGR) of 13.8%, reaching more than $279 billion by 2032. The Data Center market serves as the backbone of the digital age, providing the infrastructure for the storage, processing, and management of vast amounts of data. This overview

Wet Wipes Market is expected to hit US$ 8 billion by 2033

According to Fact.MR, a leading provider of market research and competitive intelligence, the global wet wipes market is anticipated to achieve a market value of $8 billion by the conclusion of 2033, with a projected compound annual growth rate (CAGR) of 5.6% spanning the years 2023 to 2033. Wet wipes offer a convenient and effective solution for cleaning and personal hygiene needs, serving as a time-saving alternative to traditional methods like
02-12-2024 | Food & Beverage
Fact.MR

Sales of Pasta are anticipated to advance at a CAGR of 6.5% from 2023 to 2033

According to a recent research analysis by Fact.MR on the global pasta market, the industry's product, end-user, and region categories are thoroughly covered. The report provides comprehensive details on key players and the essential tactics they employ to gain a competitive advantage. Fact.MR, a market research and competitive intelligence provider, predicts that the global pasta market will experience a Compound Annual Growth Rate (CAGR) of 6.5%, reaching a value of US$
02-12-2024 | Food & Beverage
Fact.MR

From Farm to Fork: The Organic Pasta Market's Growing Influence during 2024-2034

The organic pasta market in the United States is experiencing unprecedented growth, fueled by shifting consumer preferences towards healthier and sustainable food choices. As health-conscious consumers become more mindful of the ingredients they consume, organic pasta has emerged as a popular option, offering a nutritious and environmentally friendly alternative to conventional pasta products. According to Fact.MR's most recent research analysis, the global market for organic pasta is expected to be worth
02-12-2024 | Food & Beverage
Fact.MR

Examining Growth Patterns in Sweet Corn Seed Industry in Middle East & Africa 20 …

The sweet corn seed industry plays a pivotal role in the agricultural landscape, catering to the growing demand for high-quality sweet corn varieties across the globe. As a staple crop in many diets and a versatile ingredient in various culinary applications, sweet corn holds significant economic importance for farmers, seed producers, and consumers alike. It is anticipated that sales of sweet corn seeds in the Middle East and Africa will bring

Engineering, Procurement, And Construction Market Is Anticipated To Reach US$ 13 …

The global Engineering, Procurement, and Construction (EPC) market is estimated to reach US$ 792.7 billion in 2022 and is poised to grow at a compound annual growth rate (CAGR) of 5.7% to attain US$ 1.380 trillion by the conclusion of 2032. EPC firms play a pivotal role in the execution of projects, encompassing design, procurement, and construction, as per the client's specifications. Additionally, these firms oversee commissioning, ensuring the timely delivery

Organic Chicken Market Projected to Reach US$ 14.5 Billion by 2033

According to the latest market study by Fact.MR, the global organic chicken market reached a size of US$ 3.22 billion in 2022. Over the projection period from 2023 to 2033, sales of organic chicken are forecasted to steadily increase at a compound annual growth rate (CAGR) of 14.7%, reaching a market value of US$ 14.5 billion by 2033. Organic chicken production differs significantly from traditional agricultural practices. These chickens are raised

Functional Dairy Ingredients Market Predicts 7.5% CAGR, Reaching US$ 417.16 Bill …

The global functional dairy ingredients market generated a revenue of US$ 201.47 billion in 2022 and is projected to escalate to a market valuation of US$ 417.16 billion by the conclusion of 2032. Predictions indicate a significant surge in worldwide consumption of functional dairy ingredients, with a compound annual growth rate (CAGR) of 7.5% expected through 2032. Increased awareness regarding the advantageous properties linked to dairy product consumption is poised to

Fishing Hooks Market Set for 2.5% CAGR, Targeting USD 420 Million by 2033

The Fishing Hooks market achieved a global size of USD 354 million in 2022 and is projected to exhibit a steady expansion at a CAGR of 2.5% throughout the forecast period, culminating in a valuation of USD 420 million by 2033. The increasing adoption of fishing as a recreational pursuit across demographics in countries such as the U.K., Japan, and Australia is anticipated to propel market growth. Fishing has gained popularity

Disposable Gloves Market Set to Surge at 12.1% CAGR, Targeting US$ 1,579.11 Mill …

The Disposable Gloves market achieved a valuation of US$ 449.52 Million by 2021 and is anticipated to witness a year-on-year (Y-o-Y) growth rate of 12.0% in 2022, reaching US$ 503.91 Million. Looking ahead, from 2022 to 2032, the market is projected to experience an accelerated growth rate, with an impressive compound annual growth rate (CAGR) of 12.1%, culminating in a valuation of US$ 1,579.11 Million. The surge in demand for disposable

Fixed Mobile Convergence Market to Reach US$ 18.5 Billion by 2034: Fact.MR Repor …

In 2024, the global fixed mobile convergence market is projected to reach a value of US$ 5.5 billion, with expectations of robust growth at a compound annual growth rate (CAGR) of 12.8% to achieve a market size of US$ 18.5 billion by the conclusion of 2034. Fixed-mobile convergence technology empowers telecommunications providers to offer integrated services encompassing both fixed-line wired networks and mobile/cellular communication networks to their clientele. This integration facilitates
02-12-2024 | Health & Medicine
Fact.MR

Ambulance Stretcher Market is Expected to Achieve US$ 273.4 Million at CAGR of 0 …

The global ambulance stretcher market is currently valued at US$ 254.2 million as of 2024. Over the forecast period until 2034, the market is anticipated to exhibit a gradual growth trajectory, with a modest Compound Annual Growth Rate (CAGR) of 0.7%, reaching US$ 273.4 million by the conclusion of 2034. This growth is attributed to several factors including demographic shifts, advancements in healthcare technology, and an increasing demand for efficient

Agrifiber Product Market Size Estimated to Reach US$ 3.36 Billion at a 6.2% CAGR …

The Agrifiber Product Market is poised to achieve a revenue of US$ 1.78 billion by 2024, with a projected surge to US$ 3.36 billion by 2034. This anticipated growth represents a robust 6.2% Compound Annual Growth Rate (CAGR) from 2024 to 2034. Agrifiber is meticulously crafted by extracting natural fibers from agricultural residues such as rice, wheat, barley straw, husk, and sugarcane bagasse-materials often considered as waste in many regions. Through

Connected Ship Market Forecasted to Cross US$ 15.35 Billion at 6.1% CAGR by 2034

The global connected ship market is poised for significant growth, with an anticipated value of US$ 8.49 billion in 2024, projected to reach US$ 15.35 billion by 2034. This represents a notable Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period from 2024 to 2034. The market is currently experiencing a transformative phase, revolutionizing the operational landscape of the marine industry through innovative technologies and digitization. A surge in

Ceramics Market is Projected to Hit US$ 240 Billion at a CAGR of 6% by 2034

The global ceramics market is currently valued at US$ 133.7 billion in 2024 and is anticipated to reach US$ 240 billion by 2034, demonstrating a steady growth rate of 6% CAGR over the forecast period spanning from 2024 to 2034. The global ceramics market is poised to offer a substantial absolute dollar opportunity, estimated at USD 99.1 billion by 2032. Additionally, it maintains a significant presence, accounting for approximately 30% of

Flexible Pipe Market Expected to Reach a Valuation of US$ 1.73 Billion at 4.8% C …

The Flexible Pipe Market in North America witnessed significant growth, with the United States leading the region in 2022. Projections suggest a continued upward trajectory, with a Compound Annual Growth Rate (CAGR) of 4.9% expected until 2033. Moreover, North America commanded a substantial 38% share of the global market in 2022. Recent data from Fact.MR, a prominent provider of market research and competitive intelligence, reveals that the global flexible pipe market

Sodium Propionate Market is Poised to Grow at a CAGR of 7.8% to Reach US$ 108.3 …

The Sodium Propionate Market in North America reached a valuation of US$ 21.3 million in 2022, cementing its significant share in the global market. Historically, North America has played a pivotal role in this market, with the United States and Canada emerging as prominent contributors. These countries boast well-established food industries, fostering a robust presence of sodium propionate manufacturers and suppliers. Particularly, the processed and convenience food sector in the

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