Press Releases by Category IT, New Media & Software
Global Real World Evidence Solutions Market Projected to Surpass $4.22 Billion b …
What combination of drivers is leading to accelerated growth in the real world evidence solutions market?
The expansion of the real-world evidence solutions market is likely to be fueled by the increasing number of elderly people. This refers to individuals aged 65 and above who are more susceptible to falling due to factors such as postural hypotension and balance or gait issues. The risk of chronic illnesses such as cardiovascular diseases,…
Event Management Market to Hit $2,815 Bn by 2031 with 11.4% CAGR Growth | Persis …
The event management services market is projected to grow from US$1,319 Bn in 2024 to US$2,815 Bn by 2031, at a CAGR of 11.4%. The increasing adoption of AI, VR, and AR is enhancing market growth, with North America leading due to its strong corporate sector and advanced infrastructure. Large-scale enterprises dominate the market, accounting for 59% of the share, while the software component holds a 66% share, driven by…
Rising Sales Of Luxury Vehicles Fuel Optoelectronics Market Growth Driver: A Maj …
What industry-specific factors are fueling the growth of the optoelectronics market?
The surge in the need for luxury and ultra-luxury automotive modes is anticipated to boost the development of the optoelectronics industry. Luxury cars, meaning those which offer comfort, high-end quality, and the feel of luxury, see the application of optoelectronics to enhance safety and lighting, with research and development activities playing a significant role. Optoelectronics are employed in modern vehicles…
Growing Adoption Of Cloud-Based Solutions Fuels Mobile Virtualization Market Sha …
How Are the key drivers contributing to the expansion of the mobile virtualization Market Share?
The surge in the use of cloud-based solutions is anticipated to boost the mobile virtualization Market Share's expansion in the future. These solutions, which include software, services, and resources, are provided over the internet and hosted on remote servers, distinguishing them from those residing on local servers or personal computers. Mobile virtualization contributes to these cloud-based…
String Wound Filter Materials Market Set to Reach $2.75 Billion by 2029 with 0.0 …
What combination of drivers is leading to accelerated growth in the string wound filter materials market?
The growth of the string wound filter materials market is predicted to be spurred by the rising demand for wastewater treatment in the projected timeline. Wastewater treatment, which involves the elimination of contaminants from wastewater or sewage and its conversion into effluent that can be reintroduced into the water supply with minimal environmental impacts, frequently…
Global Process Oil Market Projected to Surpass $7.11 Billion by 2029 with 0.0533 …
What market dynamics are playing a key role in accelerating the growth of the process oil market?
The advancement in the automobile sector is predicted to drive the progression of the process oil market. The automobile sector's job is to envision, create, and distribute motor vehicles. Process oils, which are compatible with most rubber polymers, are heavily used in the production of car tires, rubber treads, conveyor belts, automobile parts, and…
Leading Growth Driver in the Social Media Analytics Market in 2025: Surge In Glo …
What combination of drivers is leading to accelerated growth in the social media analytics market?
The global increase in social media users is fueling the expansion of the social media analytics market. The growing usage of internet-connected devices such as mobile phones, computers, and laptops has been noted. The internet has made global communication simpler and more effective. Additionally, social networking has been instrumental in broadening individuals' connections, making new acquaintances,…
Key Trend Reshaping the Spray Drying Equipment Market in 2025: Innovative Mini S …
How Are the key drivers contributing to the expansion of the spray drying equipment market?
The spray drying equipment market is likely to witness growth, fueled by the rising consumption of both processed and ready-to-eat (RTE) foods over the forecast period. Spray drying systems are increasingly being utilized by manufacturers of packaged foods. For example, a report released in April 2024 by the National Association of Convenience Stores (NACS), a US-based…
Global On-Board Charger Market Projected to Surpass $11.67 Billion by 2029 with …
What market dynamics are playing a key role in accelerating the growth of the on-board charger market?
The upsurge in the need for electric vehicles is predicted to stimulate the expansion of the on-board charger market. While the economic impact of COVID-19 has subdued the demand for petrol and diesel vehicles, the want for EVs has surged. The global drive to transition to emission-free vehicles is being propelled by climate change…
Primary Catalyst Driving Automotive Thermal System Market Evolution in 2025: Str …
How Are the key drivers contributing to the expansion of the automotive thermal system market?
The stringent emission rules instituted by governing bodies are anticipated to catalyze the further progress of the automotive thermal systems market. The increasing volume of vehicles globally has made reduction of automotive greenhouse gas emissions a daunting task. Bodies like the European Commission (EC) and the US Environmental Protection Agency (US EPA) have enforced fuel efficiency…
Leading Growth Driver in the Smart Gas Meter Market in 2025: Government Policies …
What market dynamics are playing a key role in accelerating the growth of the smart gas meter market?
The growth of the smart gas meter market is projected to be fueled by the backing of various government policies. These policies are directives or initiatives put forth by the government of any nation, aimed at fostering a specific market's progress. Several governments are formulating policies in support of smart gas meters. These…
Baker Hughes' Breakthrough Subsea Technology Trend: A Crucial Influence on the O …
How Are the key drivers contributing to the expansion of the oilfield communications market?
The projected expansion of the oilfield communications market is believed to be driven by a surge in oil production. The procedure of extracting petroleum from the earth's crust involves oil production. Critical connectivity, data, and insights that help streamline production, lessen accidents, and curtail waste are provided by oilfield communications. This streamlining, in turn, boosts production by…
Small Animal Imaging (In-Vivo) Market Poised for 12.312% % Growth, Set to Hit $7 …
Which drivers are expected to have the greatest impact on the over the small animal imaging (in-vivo) market's growth?
The surge in healthcare expenditure is predicted to fuel the expansion of the small animal imaging (in vivo) market. Healthcare expenditure encompasses the total healthcare costs, including public and private spending, in relation to GDP. A rising investment in healthcare and an elevated awareness of health issues foster the self-care management strategy,…
File Integrity Monitoring Market to Hit $2.1B by 2031, CAGR 11.4% | Persistence …
The global file integrity monitoring (FIM) market is set to reach US$ 1 billion in 2024, expanding at a CAGR of 11.4% to hit US$ 2.1 billion by 2031. Growing cyber threats, data breaches, and regulatory compliance mandates are fueling demand for FIM solutions. The cloud segment is expected to dominate with a 58% market share in 2024, driven by rising cloud computing adoption. The U.S. market is projected to…
Leading Growth Driver in the Silicone Elastomers Market in 2025: Silicone Elasto …
What industry-specific factors are fueling the growth of the silicone elastomers market?
The silicone elastomers market is projected to expand due to the accelerated growth in the automotive and construction sectors. The term 'construction' pertains to the installation and assembly processes of project equipment and resources. Silicon elastomers are routinely used in the automotive and construction fields for tasks like power-train sealing, engine and gearbox gasketing, and in battery modules. Consequently,…
Smarts Sports Equipment Market Set to Reach $85.17 Billion by 2029 with 0.150536 …
What industry-specific factors are fueling the growth of the smarts sports equipment market?
The smart sports equipment market is poised for growth, driven by a rising demand for data-centered sports analysis. In today's sports landscape, data-driven analytics that utilizes sensors in sports equipment is used in innovative coaching methods to formulate successful strategies and evaluate a player or team's performance. Pro coaches can leverage data science, often gathered from the sports…
Unified Communications Market PR Announcement: Driving the Future of Digital Col …
In today's fast‐paced digital era, the unified communications (UC) market is transforming the way businesses interact, collaborate, and innovate. Companies are increasingly relying on integrated communication solutions to streamline operations and foster connectivity across remote teams. With robust growth and evolving technology trends, UC is emerging as a critical enabler for global business transformation. This industry outlines an overview of the market, detailed analysis, drivers and restraints, and key segmentation…
Sewing Machine Market Poised for 6.762% % Growth, Set to Hit $43.98 Billion by 2 …
What combination of drivers is leading to accelerated growth in the sewing machine market?
The expansion of the textile sector is significantly influencing the progression of the sewing machine market. Textile is a term used to describe material that is woven or knitted from yarn and a sewing machine is employed to bind such fabric or other flexible materials with thread. For example, the National Council of Textile Organizations (NCTO), representing…
Primary Catalyst Driving Spices and Seasonings Market Evolution in 2025: Hospita …
Which drivers are expected to have the greatest impact on the over the spices and seasonings market's growth?
Growth in the hospitality sector is predicted to drive the spices and seasonings market forward. The surge in disposable income, novel travel patterns, and improved work-life balance are fueling the expansion of the hospitality sector globally. This rapid expansion is predicted to stimulate demand for spices and seasonings, which are extensively used in…
Key Trend Reshaping the Smart Locks Market in 2025: Technological Advancements R …
What combination of drivers is leading to accelerated growth in the smart locks market?
The smart locks market is predicted to expand with the rising number of both residential and commercial projects. Residential projects encompass buildings intended for living purposes, while commercial projects include buildings rented out for business purposes. Both these types of projects are increasingly opting for smart locks as they offer enhanced security through various technologies. For example,…
Leading Growth Driver in the Security Services For BFSI Sector Market in 2025: R …
How Are the key drivers contributing to the expansion of the security services for bfsi sector market?
Expectations are high for the growth of the BFSI sector market's security services, driven by the increase in cyber data breaches. Unauthorized access to computer systems or networks, with the aim of acquiring confidential personal and financial data from users or clients, defines these cyber data breaches. There have been noticeable elevations in cyber-attacks…
Submarine Telecommunication Cable Market Is Booming So Rapidly | NEC, Corning, G …
Submarine Telecommunication Cable Market report, published by IMR Market Reports, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, IMR Market Reports empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new…
Space Propulsion Market Forecast 2025-2034: Analysing Major Trends, Opportunitie …
What industry-specific factors are fueling the growth of the space propulsion market?
The augmentation of governmental contributions towards space technology is fueling the growth of the space propulsion market. An illustrative example of this trend is an April 2024 report published by the UK government and a UK-based information source. This report highlighted that during the financial year 2022-23, a significant 79% of funding was funneled into ESA programs, whereas 20%…
Non-Volatile Memory Market Forecast 2025-2034: Evaluating Growth Factors, Segmen …
What market dynamics are playing a key role in accelerating the growth of the non-volatile memory market?
The growth of the non-volatile memory market is anticipated to be fueled by the ever-growing amount of data. This surge in data volume can be attributed to the widespread use of IoT devices and the immense quantity of content created by users on social media platforms, as they constantly create real-time information and interactions…
Location-Based Ads to Hit $283.28B by 2031-AI & ML Driving Growth | Persistence …
Location-based advertising (LBA) is undergoing a rapid transformation, with its market projected to surge to $283.28 billion by 2031. The growing adoption of artificial intelligence (AI) and machine learning (ML) is redefining how businesses engage with consumers based on their real-time location data. These cutting-edge technologies are enhancing ad targeting precision, boosting consumer engagement, and driving significant returns on investment for advertisers.
As businesses continue to invest in location-based advertising strategies,…
In-Depth Analysis of the Autoimmune Treatment Market: Growth Opportunities, Key …
Which drivers are expected to have the greatest impact on the over the autoimmune treatment market's growth?
Anticipated market growth in autoimmune treatment is being propelled by the expansion of investments in drugs research and development for autoimmune diseases. The procedure of innovating and launching novel products and services is driven by research and development. R&D in drugs for autoimmune diseases results in the emergence of highly targeted, low-molecular-weight, orally administered,…
Primary Catalyst Driving Smart Irrigation Market Evolution in 2025: Smart Cities …
What market dynamics are playing a key role in accelerating the growth of the smart irrigation market?
The expansion of smart cities is playing a significant role in propelling the smart irrigation market. The escalating significance of efficient non-agricultural watering systems is a key force driving this market's growth. The proliferation of smart cities globally, which prioritize effective water management for both commercial and residential areas, is trending. For example, per…
Key Influencer in the Network Forensics Market 2025: Rising Cybersecurity Concer …
What industry-specific factors are fueling the growth of the network forensics market?
The uptick in cyberattacks and sophisticated threats is anticipated to drive the expansion of the network forensics market. Cyberattacks are efforts to gain unauthorized access to a computer system or network, while an advanced persistent threat or APT refers to a sustained, deliberate cyberattack that enables an intruder to infiltrate a network and remain undetected for a significant length…
Smart Bed Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and …
Which drivers are expected to have the greatest impact on the over the smart bed market's growth?
The smart bed market is experiencing growth propelled by the swift expansion in the hospitality sector. This industry, which includes diverse businesses such as restaurants, hotels, casinos, amusement parks, resorts, cruises, and others, is dedicated to customer service. More and more, these hospitality enterprises are investing in innovative offerings to improve customer experiences through…
Botnet Detection Market to Hit $1.4 Bn by 2031 with 26.5% CAGR | Persistence Mar …
The global botnet detection market is set to reach US$ 270.5 Mn by 2024, with a 26.5% CAGR propelling it to US$ 1,402.4 Mn by 2031. The rise in automated cyber threats, particularly in finance, e-commerce, and social media, is driving demand for real-time, AI-powered security solutions. The U.S. (41% market share in 2024) and Japan (37%) are leading markets due to heightened cybersecurity concerns. The solution segment (35% CAGR)…
A Deep Dive into Ascorbic Acid Market 2025: Key Drivers, Growth Factors, and Pro …
What industry-specific factors are fueling the growth of the ascorbic acid market?
The demand for ascorbic acid market is set to surge due to the growing imperative to mitigate the threat of chronic illnesses. Chronic diseases are ongoing conditions which, in most cases, can only be managed and not eradicated. The intake of products containing ascorbic acid can notably reinforce the deceleration of these chronic ailments while enhancing patient health. For…
Leading Growth Driver in the Prosthetics & Orthotics Market in 2025: Demand For …
What market dynamics are playing a key role in accelerating the growth of the prosthetics & orthotics market?
A significant rise in sports-related injuries and incidents on the road is a major factor propelling the prosthetics and orthotics market. Road mishaps predominantly stem from diver distractions and excessive speed, both of which often result in crippling disabilities that necessitate the use of prosthetics and orthotics to rehabilitate and regain everyday functionality.…
Search And Rescue (SAR) Equipment Market Set to Reach $118.9 Billion by 2029 wit …
What combination of drivers is leading to accelerated growth in the search and rescue (sar) equipment market?
The escalating rates of terrorism and insurgencies are anticipated to fuel the expansion of the search and rescue equipment market. Terrorism is seen as a method to accomplish political objectives, whereas insurgency is a political uprising with a clear political end goal. The surge in terrorism and insurgency directly inflicts economic damage to property…
Key Trend Reshaping the Rubber Tired Gantry Crane Market in 2025: Innovative Hyd …
How Are the key drivers contributing to the expansion of the rubber tired gantry crane market?
The expansion of the rubber tired gantry crane market is anticipated to be driven by the rise in seaborne trade. Rubber-tired gantry cranes, which are mobile cranes commonly utilized at seaports for loading, unloading, and stacking containers, facilitate the easy management of cargo in seaborne trade. Hence, the elevated seaborne trade activities have augmented the…
Ship-To-Shore Cranes Market Forecast 2025-2034: Analysing Major Trends, Opportun …
What combination of drivers is leading to accelerated growth in the ship-to-shore cranes market?
The increase in global cargo transportation is anticipated to drive the growth of the ship to shore cranes market in the future. Sea freight, known for its low cost, enormous sea vessel load capacity and absence of limits on a vessel's carrying capacity, is a preferred mode of transport for goods. Compared to other long-distance transportation alternatives,…
Businesses Embrace Digital Trends Is Fueling The Application Modernization Servi …
What combination of drivers is leading to accelerated growth in the application modernization services market?
The forecasted growth in the application modernization services market is anticipated to be prompted by an increasing number of enterprises utilizing digital technologies and applications. These digital technologies are electronic systems, devices, and resources used for data generation, storage, or processing. Using modern technologies, application modernization services support businesses in updating their IT infrastructure and applications.…
Primary Catalyst Driving Semiconductor Intellectual Property Market Evolution in …
How Are the key drivers contributing to the expansion of the semiconductor intellectual property market?
The projected growth of the semiconductor IP market is anticipated to be boosted by the increasing use of connected devices in the future. Connected devices, often referred to as part of the Internet of Things (IoT), are physical objects capable of interacting with each other and various systems via the internet. These devices connect with other…
Leading Growth Driver in the Modular Uninterruptible Power Supply (UPS) Market i …
Which drivers are expected to have the greatest impact on the over the modular uninterruptible power supply (ups) market's growth?
The surge in the number of data centers is fuelling the expansion of the modular uninterruptible power supply (UPS) market. New and existing data centers are making use of the modular UPS market to achieve superior standardization, more adaptability, and growth potential. They are also being facilitated with modular UPSs to…
Key Trend Reshaping the Resilient Flooring Market in 2025: Technological Advance …
Which drivers are expected to have the greatest impact on the over the resilient flooring market's growth?
The upswing of the resilient flooring market is being propelled by the quick pace of urbanization. A blend of economic, political, and societal factors in conjunction with modernization trends are causing a shift in population density from rural to urban regions. The emergence of contemporary office spaces, accelerated urbanization, and changing lifestyles are paving…
Mobile Value Added Services Market Set to Reach $1892.3 Billion by 2029 with 0.1 …
What market dynamics are playing a key role in accelerating the growth of the mobile value added services market?
Global expansion in smartphone user demographics is bolstering the mobile value-added services market. This surge in smartphone usage is connected to factors such as enhanced internet access, escalating income brackets, increased social media memberships, and augmented communication necessities among others. The COVID-19 health crisis contributed significantly the escalation in smartphone use, stimulated…
Savory Snack Products Market Forecast 2025-2034: Analysing Major Trends, Opportu …
What market dynamics are playing a key role in accelerating the growth of the savory snack products market?
The increasing trend of convenience food product utilization is facilitating the expansion of the savory snack products market. Convenience foods such as restaurant meals and prepared food from grocery stores streamline the process of obtaining, preparing, and cleaning up after food. These convenience food products are advantageous for individuals who lack culinary skills…
Global Cybersecurity Market Report: Latest Trends, Growth & Future Projections
Cyber Security Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an…
Risk Analytics Market Forecast 2025-2034: Analysing Major Trends, Opportunities, …
What industry-specific factors are fueling the growth of the risk analytics market?
The surge in the utilization of significant volumes of structured and unstructured data is set to catalyze the expansion of the risk analytics market. Structured data is generally kept in a relational database, being easily assigned to previously determined fields. On the other hand, unstructured data, which doesn't conform to a pre-set data model or schema, cannot be stored…
Aerospace & Defense Springs Market to Hit $511.3 Mn by 2031, Growing at 6.4% CAG …
The global aerospace & defense springs market is poised for significant growth, projected to reach $511.3 million by 2031 at a compound annual growth rate (CAGR) of 6.4%. Springs play a critical role in aerospace and defense applications, ensuring durability, shock absorption, and precision across various components. This market expansion is driven by increasing defense budgets, advancements in aerospace technologies, and the growing demand for lightweight, high-performance materials.
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PSA Software Market to Hit $26.46 Bn by 2031 with 11.7% CAGR | Persistence Marke …
The professional services automation (PSA) software market is set to grow from US$12.19 billion in 2024 to US$26.46 billion by 2031, registering a CAGR of 11.7%. The demand is driven by organizations optimizing resource allocation, project management, and operational efficiency. Technology companies dominate with a 54% market share, followed by IT & consulting services (35%) and legal & accounting firms (20-22%). On-premise deployment leads with 54% market share, favored for…
Airborne Fire Control Radar Market Forecast 2025-2034: Evaluating Growth Factors …
Which drivers are expected to have the greatest impact on the over the airborne fire control radar market's growth?
The escalation in military spending is anticipated to spur the expansion of the airborne fire control radar market. The term military expenditure pertains to the funds allocated by a government towards equipping its military forces with weapons, gear, and personnel. In the military context, airborne fire control radars function to identify and…
The Impact Of Robots As A Service (RaaS) And Innovations In Agricultural Robotic …
What industry-specific factors are fueling the growth of the agriculture robots market?
The escalation of automation technology adoption propels the growth of the agricultural robots market. Automation denotes a technology that permits processes to run with minimal human intervention, utilizing programmed orders and automatic responses to guarantee correct implementation of directions. In the agricultural domain, this technology is employed to establish more efficient systems for farm management and performing everyday agricultural…
Primary Catalyst Driving Position Sensors Market Evolution in 2025: Elevating Ve …
How Are the key drivers contributing to the expansion of the position sensors market?
The growing understanding and attention towards vehicle safety are anticipated to boost the expansion of the position sensors market. This increase in safety awareness is due to various factors such as the decrease in vehicle accidents and their outcomes, regulatory safety standards, among others. Position sensors in vehicles play a key role in determining the location of…
Automotive Electronics Market Growth and Business Opportunities in Coming Years
Allied Market Research, titled, "Automotive Electronics Market by Vehicle Type, Component, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," projects that the global automotive electronics market size is estimated to reach $382.16 billion by 2026. In 2019, Asia-Pacific dominated the market, contributing a major share of the overall revenue, followed by Europe. Emerging advancements of IoT and AI, rapid adoption of automated features in automobiles and demand…
Digital Out of Home Market Trends, Active Key Players, and Growth Projection Up …
Allied Market Research, titled, "Digital Out of Home Market By End-User (Automotive, Personal Care And Households, Entertainment, Retail, Food And Beverages, Telecom, BFSI, Others), By Format Type (Billboard, Transit, Street Furniture, Others), By Application (Indoor, Outdoor): Global Opportunity Analysis And Industry Forecast, 2021-2031" The digital out of home (DooH) market was valued at $18.80 billion in 2020, and is estimated to reach $58.67 billion by 2031, growing at a CAGR…
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