Market Research

 The market for project management software was estimated to be worth USD 5.37 billion in 2020 and is projected to increase at a CAGR of 10.67% to reach USD 9.81 billion by 2026. An all-encompassing solution is required to manage and coordinate an organization's whole portfolio of various projects as organizations grow in size and complexity. These solutions make it easier for management to switch between plans, workloads, budgets, and resources, track the project's advancement closely, and provide delivery success reports. Due to the quickening pace, technical improvements, as well as the digital transformation and disruption happening across practically every industry, project management software (PMS) has now evolved into a critical component of today's organization. The market for Project Management Software (PMS) systems is predicted to grow as a result of a number of factors, such as the rising demand for software that reduces project risk as well as project cost, bud...

 The market for automobile suspension systems was estimated to be worth USD 61.05 billion in 2021, and it is anticipated to grow to USD 86.16 billion by 2027, with a CAGR of roughly 5.76% from 2022 to 2027. The COVID-19 outbreak had a negative impact on the vehicle suspension system market. Sales of passenger cars and commercial vehicles have decreased in 2020, and facilities that make vehicles and their components have temporarily shut down as a result. However, as the number of cases has decreased, production facilities have restarted, and car sales have increased globally. Demand for luxury vehicles and the uptake of active suspension systems are anticipated to fuel market growth over the medium term. The market for sensor- and electronic-based suspension systems is anticipated to grow in response to the increase in vehicle autonomy. One of the biggest developments in the business was the introduction of air suspension in cars. The introduction of efficient performance component...

 Over the course of the projected period, the worldwide hardware wallet market is anticipated to grow at a CAGR of over 28.4%. The hardware wallet market has benefited from the fast-growing demand for cryptocurrencies brought on by the epidemic. A number of cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and others, are gradually transitioning from being utilized as speculative investment vehicles to being used for payments. Demands for the dematerialization of payments have intensified due to the COVID-19 pandemic, and interest in payment patterns and the financial life cycle is also rising. Hardware wallets allow for the offline storage of private cryptographic keys on an encrypted device. These wallets protect the data required for bitcoin transactions while enabling traders to safely view the private keys. Hardware wallets are becoming in demand. Along with the rise in the number of people who own multiple cryptocurrencies, the need for wallets is also rising. The flex...

 With a CAGR of 5.05% over the forecast period of 2022–2027, the clinical trials market is anticipated to grow from its 2021 valuation of USD 39,710.28 million to USD 52,711.08 million by 2027. The high need for clinical trials in emerging economies, higher R&D spending in the pharmaceutical industry, rising illness prevalence, and the focus on rare diseases and numerous orphan medications in development are other important drivers of the market's growth. For instance, Novartis AG, one of the key companies in the market under study, upped their investment to USD 14,886 million in 2021 from USD 14,197 million in 2020.  The burden of diseases and the demand for the creation of diverse medications and diagnostic tools for disease diagnosis are both significantly influenced by aging. For instance, the World Health Organization (WHO) revealed in October 2021 that population aging is occurring significantly more quickly than in the past and that by 2030, 1 in 6 individuals world...

 Over the forecast period, the Semiconductor Silicon Wafer Market is anticipated to post a CAGR of 6.5%. Since semiconductors are quickly becoming the foundation of all modern technology, developments and breakthroughs in this area have a direct impact on all downstream technologies. The foundation of the electronics industry is the semiconductor silicon wafer, which continues to be a key component of many microelectronic devices. Since electronic mobility and digitization are the two current trends dominating the technological scene, many different gadgets are using these items. Additionally, the requirement for more features from a single device has grown as a result of the demand for small-sized gadgets. As a result, an IC chip needs to have more transistors in order to offer more functions. With semiconductor technology evolving as the foundation of all modern technologies, the semiconductor industry has been a primary force behind the critical advances in important industries ...

  The Business Jet Market is expected to increase at a CAGR of 4.53% over the forecast period to reach USD 20.69 billion by 2027 from its current value of USD 18.14 billion. A third of the business jet fleets that are now in use are over ten years old, which is motivating business jet operators and charter companies to invest in fleet modernization initiatives and improve the capabilities of their fleets. During the anticipated period, this aspect is anticipated to accelerate the market's growth. Due to their considerably higher pricing than light jets, despite the former's lesser deliveries than the latter, large jets currently hold the majority of the market share. Due to their huge cabins, which can hold up to 19 passengers, big jets were in high demand in 2021. However, global limits on long-distance travel had an impact on the segment's growth. The segment is anticipated to increase favorably over the next few years as travel limitations are loosened. To draw clients, ...

 The Managed Security Services Market was estimated to be worth USD 23.19 billion in 2021 and is anticipated to grow to USD 56.6 billion by 2027, with a CAGR of 16.11% from 2022 to 2027. The COVID-19 outbreak is anticipated to benefit the market share growth of managed security services. This is due to the fact that with the introduction of COVID-19, it is thought that using managed security services will allow businesses to address security challenges and offer secure information access when remote working. Network security services are managed security services in computing and can be outsourced to any service provider. Many businesses use managed security service providers (MSSPs) to perform security monitoring because they lack the internal resources or knowledge. Any security monitoring infrastructure maintenance is difficult and necessitates constant assessment and action from qualified professionals. Additionally, firms needing specialized implementation needs with dissimila...

 During the forecast period, the sterility testing market is anticipated to grow at a CAGR of 8.5%. Increased research and development in the biological sciences, together with significant public and private investment in the field, are the main factors propelling the expansion of the sterility testing market. For instance, the Department of Biotechnology (DBT) of India received a budget of INR 35 billion from the Union Budget for the year 2021–2022, a 25% increase from the budget for 2020–21. This funding will be used primarily for biotechnology research and development as well as industrial and entrepreneurship development in India, both of which will help the studied market. The rise in drug approvals and new drug launches throughout the course of the year is another factor boosting the market for sterility testing. For instance, a 60% increase in the number of new pharmaceuticals for sale in the United States occurred between 2010 and 2019, according to the Congressional Budget...

 Over the forecast period, 2021–2026, the market for rugged displays is anticipated to grow at a CAGR of 6.5%. Due to an increase in demand from various end-user sectors, the market is predicted to have a stimulating expansion over the forecast period. For instance, oil and gas businesses must keep an eye on and maintain assets that span sizable onshore and offshore parcels of land. These businesses must ensure asset integrity and proactively identify and handle possible problems in a prompt and efficient manner. Rugged display devices are needed because this is necessary to ensure continuous functioning, minimize downtime, and maximize productivity. Rugged display devices have a number of cutting-edge features that may have a positive market impact, including improved impact resistance, durability, resistance to dust and moisture, readability, a wide temperature range, improved contrast ratio, higher display brightness, and low power consumption. The reduction in total cost of own...

 The desktop virtualization market was estimated at USD 6712.8 million in 2020 and is anticipated to increase at a CAGR of 10.6% over the forecast period to reach USD 12290.22 million by 2026. Using the client-server computing concept, desktop virtualization is a way for separating the personal computing desktop environment from a physical system. Small and medium-sized enterprises benefit from desktop virtualization because it saves hardware costs and system administration and maintenance expenses. It offers a better computing experience and resolves a number of challenging issues. As a result, desktop virtualization offers a number of advantages, including decreased operating expenses and higher user happiness. Therefore, throughout the anticipated period, the aforementioned factors are anticipated to fuel the market for desktop virtualization. Significant drivers driving this market include the expanding use of cloud computing and the rising demand for Bring Your Own Devices (BY...

 The CAGR for the worldwide eyeglasses market is anticipated to be 4.69% from 2022 to 2027. The COVID-19 pandemic had an effect on the eyewear business globally at every point along its value chain, including job losses, the availability of raw materials (lens materials, frame materials, polishing materials), trade and logistics, and uncertain consumer demand. The manufacturing, distribution, and stocking rates for eyewear were particularly negatively impacted by the epidemic. For instance, Q1 2020 sales for Luxottica Group SpA were down 10.1% from the same period last year. The pandemic continued to have a detrimental influence on its Q2 revenue and profitability, and did so more so than in Q1 2020. GrandVision GVNVS.AS, an optical retailer, also disclosed a 4.4% drop in Q1 sales at constant currencies as a result of the pandemic. The number of people joining the global workforce is rising, and a sizeable portion of them are more inclined to embrace sports and fitness as leis...

 The market analyzed, also known as the global machine condition monitoring market, had a market size of USD 3092.2 million in 2020 and is anticipated to reach USD 5246.8 million by 2026, growing at a CAGR of 9.4% from 2021 to 2026. Due to the COVID-19 epidemic, every company in the world with essential resources for producing goods and services has seen a sharp fall in revenue. It is crucial to monitor minor and significant changes in equipment by measuring parameters like vibration, temperature, voltage, current, pressure, flow, and many others since operational equipment is sensitive to a wide variety of errors and malfunctions. This relevance has prompted a number of industry verticals to make further efforts to safeguard their equipment. The key advantages of employing condition monitoring to identify faults are that it enables staff to take corrective action to prevent or minimize repair costs and raises machine safety, which raises human safety. Predictive maintenance approa...

 During the forecast period, the non-woven fabric market is anticipated to see a CAGR of less than 7%. The COVID-19 pandemic had a negligible effect on the expansion of the non-woven fabric market. Consumers worldwide are now focusing on necessities and personal protective equipment as governments issued economic packages for SMEs and other perks. The market under study is anticipated to be driven in the near future by expanding application bases in the healthcare and personal care industries as well as rising demand for electric vehicles. By technology, the spun-bond sector dominated the market, and it is anticipated that this segment would see the highest CAGR over the projected period. Numerous healthcare goods, including surgical gowns, aprons, drapes, face mask components, and wound dressings, are made from non-woven fabric. They are also utilized in hygienic items like tampons, baby diapers, sanitary towels, sanitary napkins, and napkin liners. The demand for non-wo...

 From 2022 to 2027, the market analyzed, or the global market for sustainable packaging, is anticipated to grow at a CAGR of 7.55%. Many businesses have started to abandon the sustainability goal of eliminating plastic as a result of the COVID-19 epidemic. According to certain research, the virus can spread through cardboard and plastic, which led to an increase in the use of single-use packaging materials in supermarkets, such as cling film for fruits and vegetables. The interest in sustainability has increased dramatically in recent years, especially among consumers. Sustainable packaging has received a lot of attention since the Circular Economy concept has acquired major traction. Governments have also responded to public concerns over packaging waste, particularly single-use packaging waste, on every continent. To reduce environmental waste and enhance waste management procedures, regulations are being implemented. According to a survey by the Ocean Conservancy, 8 million metr...

 In 2021, the market for electronic medical records was worth USD 27,112.89 million, growing at a CAGR of 6.88% over the projected period. When the participants are spread out across multiple areas, teleconsultation makes use of electronic communications and information technologies. It comprises of a number of components, including nurse call centers, video conferencing, still picture transfer, and medical education. For instance, despite the current novel coronavirus outbreak, Allscripts' customer Gloucestershire Hospitals NHS Foundation Trust successfully went live with the newest upgrade to its Allscripts electronic health record (EHR) in May 2020. Systems for keeping electronic medical records (EMRs) are growing in popularity as the healthcare sector digitizes. The growth of the EMR market is being fueled by numerous government measures, including encouraging doctors to use electronic health records, investing in training healthcare IT professionals, and setting up regional ex...