Market Research

  China and India are the largest consumers of phthalic anhydride in the Asia-Pacific region, and the demand is expected to grow further, in the coming years, due to several factors. With decreasing prices of naphthalene and low operating costs involved in the production, the manufacturing capacity of phthalic anhydride is also increasing in these countries. According to the ITC trade map, South Korea is the largest exporter of phthalic anhydride, exporting 178 thousand tons. In contrast, India is the largest importer with an import quantity of 132.7 thousand tons, followed by China with 47 thousand tons. According to The Plastics Export Promotion Council (PLEXCONCIL), India’s plastics export increased by 55% to USD 3,417 million (cumulative value) in April-June 2021 compared to USD 2,211 million in April-June 2020. Additionally, China is the largest consumer of plastics in the global scenario. According to the National Bureau of Statistics of China, about 7.95 million metric tons ...

  A laboratory information management system (LIMS) is software used to manage and aggregate data from samples, automate workflows, and manage associated samples. LIMS tracks the lots and reagents, which helps predetermine and understand the required lab agents and resources. LIMS offers various benefits, such as integration with other in-lab systems, enabling smooth functioning, and gathering data in a single place. This is propelling market growth significantly. In clinical research applications, LIMS offers flexibility in the configuration of applications. Clinical labs are also tasked with meeting specific regulatory requirements, including those governed by (Clinical Laboratory Improvement Amendments) CLIA and CAP in the United States, which relate to the accuracy and reliability of tests. Compliance with CLIA involves following the set of strict standards. LIMS are expected to meet these standards. July 2021- Francisco Partners, one of the leading global investment firms, acq...

  Life sciences account for the largest analytical instrument industry share, representing a quarter of the entire industry. Life sciences comprise more than 13 individual technology segments, encompassing various applications using analytical tools such as spectrometry, atomic spectroscopy, and molecular spectroscopy, among others. It provides significant opportunities for the growth of both general instrument applications and niche research systems. Demand for Next Generation Sequencing (NGS) continues to flourish, impacting the sequencing segment and driving strong demand in the nucleic acid sample preparation segment. This growth was evident in the public and private sectors, as genomics technology went beyond basic research to reach the biomedical domain. Such tremendous growth is expected to create a significant demand for analytical instrumentation solutions, as it helps pharmaceutical companies comply with stringent regulations on drug safety. The market is witnessing sever...

  Virtual reality (VR), over-the-top (OTT) video and online advertising are projected to be among the fastest-growing revenue generators for entertainment and media companies in developing economies where technology adoption is dominant, like the United States internet advertising and marketing market, and globally. These trends increase the need for high internet marketing activity, and the rising automation adoption for these activities supports the substantial scope for the vendors in the market studied. With smartphone adoption reaching nearly 70% of the global mobile user base, according to GSMA Mobile Economy, data generation has exponentially increased. Such statistics further indicate the need for mobile-optimized marketing and automation-supporting software. According to GSMA, in 2022, 68% of the global population was reported to have had a mobile subscription. This figure is expected to reach 73% by 2030. Compared to other industries, open email rates for media and entert...

  Neurostimulation devices are implantable, programmable medical devices that deliver electrical stimulation to specific parts of the patient’s brain, spinal cord, or peripheral nervous system to help treat various conditions, including chronic pain, movement disorders, epilepsy, and Parkinson’s disease. Neuromodulation is an intracranial, electrical neuromodulation therapy with Food and Drug Administration approval for treating most neurological conditions such as bladder control, headache, tremors, chronic pain, stroke, minimally conscious state, and spinal cord injury, which are most commonly found in the elderly population. The high burden of neurological diseases and the increasing use of neurostimulation to treat such conditions is projected to augment the segment's growth. As per NICE, in 2020, there were around 137,000 people having Parkinson's disease in the United Kingdom. Also, in September 2022, the National Institute for Health and Care Excellence (NICE) issued a r...

  The rising omnichannel approach to sales, coupled with the expanding e-commerce industry in North America, is driving the demand for contact center software. Companies are trying to expand their business portfolio in the region, due to the huge potential it offers. For instance, the omnichannel, cloud-based contact center software provider, ZaiLab, announced its plans to expand its product offerings in North America. Notably, the organizations are shifting their focus towards cloud-based solutions to enhance efficiencies and scalabilities. For instance, in October 2018, one of the largest sub-servicers of residential mortgages in the United States, PHH Mortgage moved its contact center to cloud-based architecture in alliance with Serenova. The shift was primarily to enhance its customer experience. As a result, it is expected to compel other companies to move their software over cloud; thus creating an ample amount of opportunity for the industry players thereby having a positive...

  According to a report published by PMMI, the Association for Packaging and Processing Technologies, growth in the global packaging industry is anticipated to reach USD 42.2 billion by 2021 from USD 36.8 billion in 2016. This is due to the increasing population, growing sustainability concerns, and more spending power in developing regions are expected to increase the demand for packaging. Digital printing is rapidly expanding into label production and electrophotography. The packaging industry is expected to experience a significant revolution over the next decade due to the increasing application of digital printing. Due to the quick turnaround capability that digital printing offers, it has been very popular among various brand owners. Recent developments in digital printing, such as digital carton cutting, creasing, and other completion technologies, have increased the potential for more applications in flexible packaging, corrugated packaging, and folding cartons. With the ad...

  The game of volleyball is an easy one to get involved in. It has the simple requirements of a ball, a net, and two teams of players with an equal number of players on each team so that they will compete against one another in a game of baseball. In addition to playing volleyball indoors and outdoors, there are several terrific beach locations around the world where tournaments and games are held. Several indoor sand courts are becoming more popular, even if there is no beach nearby or if the weather isn't too favorable. The sport of beach volleyball has gained a lot of popularity, especially among women. Hence, the ease of playing and convenience are making volleyball popular around the globe which is augmenting the growth of the volleyball equipment market. The importance of sports activities, foremost for health reasons, the increasing influence of celebrity endorsement, and international sports events are encouraging the involvement of consumers in sports activities. The incre...

  Mac provides a better collective solution for numerous users, given its excellent build quality and stability. Mac also offers enhanced solutions to various consumers due to its superb design structure, which is expected to drive the growth of the MAC segment in the market. FL Studio software is one of the best DAW software for MAC. For a beginner starting journey in music-making, considering FL Studio is better. Ableton Live is also one of the best music production software for MAC which is excellent for both live performances and studio work. It has dual views, making it possible to work in the studio and simultaneously have live performances. Its session view works perfectly with grid-based hardware controllers, has an excellent design and user interface, and has clean and sleek graphics. Garageband has intuitive user interface support for MAC, providing music creation software for novices. One can make music with the built-in percussion, synthesizers, and keyboard. One can al...

  The demand for exotic fruits and vegetables has been constantly growing at a higher rate due to the increased purchasing power of consumers. The cost of these exotic products is high, as most of these products are imported, and thus, several research institutions and universities are focusing on establishing more simplified hydroponics systems to accelerate the production of exotic fruits and vegetables and meet the escalating demand. Additionally, increasing awareness among consumers of eating fresh vegetables may also fuel the market in the future. The demand for exotic vegetables like red and yellow capsicum and red lettuce in food and retail chains, like Burger King and KFC, is anticipated to boost sales during the forecast period. Further, with the rapid urbanization, the demand for hydroponically grown vegetables and crops has been increasing from several industries such as hotels, restaurants, fast food chains, railway catering, NGOs, and defense, which encourages the farm...

  In Europe, France leads the deployment of 5G networks. According to a GSMA report, the most recent 5G Observatory report from the telecom watchdog, the Electronic Communications, Postal and Print Media Distribution Regulatory Authority (ARCEP), estimates about 22,000 mobile base stations in France offering 5G services for a fee. With approximately 13,470 sites, mostly in the 700 MHz bands, Free has the most 5G sites, followed by Bouygues Telecom (6,730), SFR (4,984), and Orange (3,035). French mobile operators use the 700 MHz, 2.1 GHz, and 3.5 GHz frequency bands to deliver 5G services. As per a GSMA report on 5G Drives French Digital Transformation, the final stages of the French 5G mid-band spectrum auction came to a finish in October 2020, and 310 MHz of spectrum in the 3.4-3.8 GHz range were granted. SFR paid EUR 728 (USD 717) million for 80 MHz, while Bouygues Telecom and Free Mobile (Iliad) each paid EUR 602 (593 USD) million for 70 MHz. Orange paid EUR 854 (USD 842) millio...

  Smart glass has found a large-scale application, particularly in the automotive industry, in sunroofs and exterior and interior automatic dimming rear-view mirrors. Smart glass installations are seen in top automotive manufacturers, such as BMW and Mercedes. Mercedes-Benz offers its S-Class Coupe and other variants of the S-Class, with the option of a modern Magic Sky Control panoramic roof using SPD-SmartGlass technology. Some of the benefits of SPD-SmartGlass include remarkable heat reduction inside the vehicle, UV protection, glare control, noise reduction, and fuel consumption. Recent applications witnessed in smart glass that is currently being used to merchandise new launches, notably Jaguar Land Rover, which used it to launch the F-Type, and Rolls Royce, which used it to launch the Dawn. By combining switchable technology with a projection application, the customer can use two of the most coveted switchable glass features to maximum effect. Smart glass is also increasingly...

  Tourism is one of the main pillars of the Moroccan economy. In 2019, tourism contributed MAD 81.4 billion to Morocco’s gross domestic product (GDP). Benefits of tourism include income generation, job creation, and positive impacts on the image of the country. Morocco’s geographical variety, combined with favorable weather and its proximity to key European tourist markets, has made it one of the most attractive and competitive destinations in Africa. Industries in the sector, such as air and land transport, food service, and hospitality, generate significant employment opportunities for young people. Massive investments in new infrastructures, such as new airport terminals, roads, and railways, and the relaxed visa requirements for citizens of some countries, such as China, are two factors in Morocco’s success. With improving infrastructure, safety, and security, Morocco is on its way to becoming a premier destination for an increasing number of tourists. With an unspoiled coastli...

  Globally, the rising chronic disease population, the increasing aging population, and the demand for home-based monitoring devices are boosting the market's growth. For instance, according to the American Cancer Society's annual report published in 2022, an estimated number of new cancer cases in the United States was believed to reach around 1.9 million, and over half a million people were expected to die due to cancer in the country. Owing to the high expected incidence of cancer and the high mortality, there will be growing use of monitoring devices to track health among the affected population. Hence, the market studied will be witnessing a strong growth due to the rising chronic diseases such as cancer.​ In addition, these devices are compact and portable, and patients can wear them all day without feeling uneasy. These devices also ensure that the patient’s condition is monitored continuously. Growing demand for home-based monitoring devices also boosts the market's...

  The pharmaceutical and biological manufacturing segment is expected to witness significant growth in the sterility testing market over the forecast period. The factors attributing to the segment growth are the rising demand for drugs, vaccines, and high-growth pharmaceutical and biological industries. Sterility testing is carried out at all levels of manufacturing pharmaceutical and biological products to minimize the risk of product contamination. As the demand for pharmaceutical and medical products for different health conditions is increasing, the frequency of sterility testing in the industries is also increasing, which is expected to boost the market. Furthermore, the increase in R&D spending in the biopharmaceutical sector aided in the growth of the market. For instance, according to the data published by IFPMA, in December 2021, the annual R&D spending of the biopharmaceutical industry has been 7.3 times greater than that of the aerospace and defense industries, 6...

  Survey research shows cloud SMBs are more likely to adopt PCaaS and refresh PCs than SMBs with an ad hoc cloud approach. Similarly, SMEs with an organization-wide mobility strategy are more open to PCaaS than those with siloed mobility initiatives. According to a survey by Techaisle, 9% of SMEs have adopted PC-as-a-Service (PCaaS), and 32% are aware of PCaaS plans. Acquisition of the latest technology, the potential to reduce IT support workload, and predictable costs were key reasons for using PCaaS. Awareness of PCaaS increases from a low of 21% (unweighted) among small businesses to a high of 64% within the 500–999 employee size segments. The growing digital adoption in SMEs has led to a need for PCs across the globe. According to HP India, PCs have emerged as more users sign in from home. The need for adoption was even more significant for SMBs whose digitization levels were traditionally lower. More importantly, SMBs in India recognized the importance of going digital to rev...

  The point-of-care diagnostics segment is expected to witness significant growth in the microfluidics market over the forecast period due to factors such as the rising prevalence of chronic diseases, increasing demand for point-of-care testing devices, and rising technological advancements. For instance, according to GLOBOCAN 2020, there were 19,282,789 new cancer cases worldwide in 2020, with the number expected to rise to 28,887,940 cases by 2040. Thus, an expected increase in cancer cases is anticipated to ​increase the demand for point-of-care diagnostics, propelling the market's growth. According to an article published in Frontiers in Bioengineering and Biotechnology in 2021, Revogene, a real-time PCR test, can detect C. difficile, Strep B, and Streptococcus A in about two minutes by using the microfluidic cartridge. This is expected to increase the demand for microfluidics in point-of-care testing, boosting the segment's growth. Point-of-care diagnostics (POC) is integr...

  As 5G technology develops and base stations are installed, the bearer network will significantly expand and upgrade, raising demand for optical communication network equipment. The penetration of LTE networks and fixed broadband subscriptions significantly increased starting in 2019, and it is anticipated that they will continue on this path over the projected year. According to Ericsson's mobility research, the fixed broadband connection is anticipated to increase gradually by 3% Y-o-Y through 2024, which is expected to fuel the worldwide optical transceiver market. In addition, the government is taking steps to facilitate the smooth flow of IoT infrastructure, such as smart city projects with fiber-rich networks. The technology that powers utilities, including water, electricity, wastewater, and sewerage management, and its security and communication are made possible by a fiber-optic network. By 2050, the United Nations forecasts that more than 68% of the world's populatio...

  The Asia-Pacific region is the largest market for mercury. In the Asia-Pacific region, China and Kyrgyzstan are the major producers of mercury. In addition to it, China has the worlds largest mine production and reserves of mercury. Also, Mercury compounds were used as catalysts in the coal-based manufacture of vinyl chloride monomer in China. Furthermore, the Artisanal Small-Scale Gold Mining (ASGM) has its extensive operation spanning over 55 countries across Asia, South America, and Africa. ASGM acts as a microeconomic source for these countries, however, there are adverse environmental and health impacts associated with ASGM. In China the use of dental amalgams dates back to 1000 AD, today the dental amalgams consist of mercury and a metal alloy of silver, tin, and copper. All the aforementioned factors, in turn, are expected to augment the consumption of mercury in the region .  Mercury is used in various devices such as thermometers, automotive parts, thermostat probes...

  The demand for fresh fruits, such as pineapples, is very high, mostly for exports, traditional domestic markets, supermarkets, and fruit processing. There is also a growing demand for fresh fruits for use in processed products, juices, etc., for local consumption and export. In order to boost the regional fruit trade, many companies such as Blue Skies, HPW Fresh & Dry, Peelco, and Pinora have established their own fruit processing units in Ghana. Further, these establishments have helped tackle the problem of post-harvest losses due to poor storage facilities in the region. The European Union continues to be the major importer of Ghanaian fruits, notably in France, Belgium, Morocco, Lebanon, Switzerland, and Germany. Many items available on German supermarket shelves come from Ghana in fresh or dried form. With the domestic fruit processing growth and regional exports, the demand for fruits is expected to grow during the forecast period. Additionally, new markets and contact ...

  The tier 3 segment currently holds a major share of the market. These tiers have an uptime of around 99.982%, translating into a downtime of 1.6 hours per year. With the increasing adoption of edge and cloud connectivity, the tier 3 segment is expected to grow further in the future. Europe held a leading market share, with a 6,857.78 MW IT load capacity in 2022. The United Kingdom hosts the maximum number of tier 3 data centers, with Slough and Greater London holding a major share. In Ireland, Dublin is the only region that hosts more than 98% of the tier 3 facilities, with North and South Dublin holding a major share. The tier 3 segment in Europe is expected to grow from 7,979.69 MW in 2023 to 12,110.18 MW in 2029, at a CAGR of 7.20%. The tier 4 segment is expected to record a CAGR of 16.2% during the forecast period. Various developed countries are focusing on adopting a Tier 4 certification to get the advantage of complete fault tolerance and redundancy for every component. Th...

  The increasing prevalence of cancer and other genetic disorders, growing preference for personalized medicine, increase in private and public sector funding, and rapid advancements in sequencing and genome editing technologies are some of the factors propelling the growth of the genome editing market. According to the National Center for Advancing Translational Sciences updates form June 2022, the Somatic Cell Genome Editing (SCGE) Program at the National Institutes of Health (NIH) has awarded 24 more grants to researchers across the United States and Canada. The SCGE Program has awarded a total of USD 89 million in advance genome editing grants, over the next four years. This brings the total number of projects supported to 45, with approximately USD 190 million in funding spread out over six years. Such grants from the national institutes help to boost the market over the forecast period. Additionally, in May 2020, Rice University researchers have been awarded a four-year, USD ...

  In retail stores, a lot of information is captured in videos for loss prevention, theft analysis, and post-analysis when a mishap occurs. Hence, real-time video analytics can unravel various insights from videos captured in stores and help improve store operations and the customer experience. Moreover, the global retail sector is also focusing on deploying innovative solutions to increase security and customer experience, for which a few are implementing facial recognition technology. From security to advertisements, many face recognition applications are being used in retail. From sending customized ads to identified shoppers to identifying gender, age, and customer count to capturing glance time on products, the applications are endless. As per Zenith, global ad spending is increasing steadily; last year, it stood at USD 722.84 million. Additionally, ad spending worldwide is expected to reach around USD 885 billion by the end of 2024. Hence, a significant share of the expenditu...

  The cleanroom technology market has earned some encouraging strides on the back of adopting cleanrooms in manufacturing environments. Regulatory constraints and consumer requirements for better-quality products in these environments have augmented the steady evolution of the market. The pharmaceutical industry is under continuous development with its research on subcontracting and generic medicines. Therefore, there is a need for stringent cleanroom environment conditions, and to meet these conditions, regulations are tightened. The adoption of cleanroom technology in the pharmaceuticals industry is expected to grow, owing to the growing manufacturing sectors in countries like the United States, Germany, Vietnam, China, and India. Major trends, such as the growth of private healthcare providers, the expansion of drug manufacturing companies, and the rollout of universal healthcare, are expected to shape the pharmaceutical industry globally. The pharmaceutical industry has a wide ...

  The rise in the number of diabetic individuals worldwide is driving the agave syrup market. Agave syrup has a low glycemic index, which helps maintain the blood sugar level, thus being helpful to the diabetic population. Moreover, it helps in enhancing metabolism and also improves heart health. Vitamin B6 in agave helps control morning sickness in pregnant women, while its folate helps build the child's nervous system. The consumption of sugar is decreasing consistently owing to the increasing number of people with diabetes worldwide.  According to the International Diabetes Federation (IDF), the number of people with diabetes accounted for 537 million globally in 2021. The 2022 National Diabetes Statistics Report was recently made available by the Centers for Disease Control and Prevention (CDC). According to this study, more than 130 million adults in the United States had diabetes or prediabetes. The increasing diabetes population drives the agave syrup market further. Su...

  Power generation is one of the most important sectors of the global economy, without which almost all manufacturing operations may cease. Advancements in manufacturing technologies are resulting in the commencement of various new plants, increasing the demand for electricity in various end-user industries. Turbines play a key role in the energy sector for generating electricity. Irrespective of the source of electricity, i.e., wind, solar, hydro, thermal, and others, turbines are widely used for power generation. A large amount of heat is emitted from a turbine during the production of electricity. In general, other than turbines, the major components used in the power generation sector include pumps, bearings, fans, compressors, gears, and hydraulic systems. Wind turbines are subjected to many factors, such as humidity, high pressure, high loads, vibrations, and temperature. Gear and turbine oils are widely used in this sector for lubrication purposes. Many companies are already...

  In most assisted reproductive technologies (ART), such as in vitro fertilization (IVF) and artificial insemination, sperm separation systems are used. These systems are critical for assisted reproductive technologies (ARTs) because they provide purified samples that can be used in subsequent procedures. These systems are crucial for ARTs as they provide purified samples for further procedures. Furthermore, the rising focus of companies on developing novel devices for use in assisted reproductive technology (ART) procedures conducted by fertility clinics and obstetrician-gynecologist (OB/GYN) practices is driving the market growth. Sperm selection is crucial to assisted reproduction, influencing the success rate of the treatment cycle and offspring health. Although, in the current clinical sperm selection practices, bypassing almost all the natural selection barriers is a major concern. Additionally, the increasing focus of market players on developing novel devices for use in ass...

  Global consumption of dairy alternatives grew by 41.7% from 2019 to 2023. Dairy alternatives have become a part of daily diets across countries globally. North America and Asia-Pacific are expected to be the largest regions in terms of dairy alternatives consumption, with market volume shares of 35% and 34.1%, respectively, in 2023. The rise in the vegan population, in line with the rising awareness of plant-based nutrition, is driving the demand for dairy alternatives in the Asia-Pacific region. China, Japan, and South Korea exhibit significantly higher consumption of dairy alternatives compared to other Asian countries. In 2023, the three countries are expected to collectively hold a 79.77% share of the total consumption of dairy alternative products in the region. In 2021, around 67.8 thousand metric tons of soybeans were used to produce soy milk and soy milk-based products in Japan, resulting in the production of approximately 123 thousand kiloliters of soy milk. In Japan, be...