New Product Development
A recent Future Market Insights (FMI) study tracks how the adoption of electronic lab notebook (ELN) software is shaping up in the global market. Set to witness a double-digit CAGR over the course of next decade, the global ELN software market will surpass a billion-dollar revenues by 2029 end. Increasing demand for laboratory information management systems (LIMS), …
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Vendors operating in the global quality and compliance management solutions market are fully leveraging technological advances in mobile applications and information technology systems by incorporating mobility in their solutions. One of the primary objectives of adding mobile capabilities to quality and compliance management solutions is to augment the end user experience and operational efficiency of the business. …
Future Market Insights delivers key insights on the global distributed fibre optic sensor market in a new report titled “Distributed Fibre Optic Sensor Market: Global Industry Analysis & Opportunity Assessment 2016-2026”. The global distributed fibre optic sensor market was valued at US$ 1.1 Bn in 2015 and is expected to register a CAGR of 10.4 per cent …
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Stacker cranes are predicted to expand at a CAGR of 7% during the forecast period, from an estimated USD 976 million in 2021 to US$ 2 billion in 2032, according to global market analysis. Due to the rise of end-use industries and the use of AS/RS to improve material handling and logistics, Asia-Pacific is predicted …
The global cloud telephony services market is expected to grow at a CAGR of 9.5% throughout the forecast period, growing from a valuation of US$ 20.7 Bn in 2022 to US$ 51.5 Bn by 2032. The shift of telecom vendors from traditional phone lines to IP telephony services is the key driver driving the growth of the cloud telephony …
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The worldwide crane market will be driven by a growing number of construction projects in Southeast Asian and Latin American countries, as well as long-term supply agreements with important sales channel partners and manufacturing companies. Moreover, during the projected period, the integration of smart technologies and automation in cranes is likely to boost sales. Request …
According to the latest data from Future Market Insights, global sales of electrical steel are expected to reach over US$ 37.5 billion in 2021, with a consistent long-term forecast (FMI). From 2021 to 2031, the market is expected to grow at a CAGR of around 6.5 percent, according to the analysis. According to Future Market …
According to FMI, the global barcode scanner market will be worth US$ 7 billion in 2021. On the back of strong demand from the retail, e-commerce and logistics, healthcare, and manufacturing sectors, the market is predicted to grow rapidly. For shops all over the world, barcode technology has drastically simplified the process of tracking supply …
According to FMI’s plain bearing industry study, the global market would be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, with a modest CAGR of 5% over the projected period. The industry is being propelled forward by the rise of plain-bearing applications. Increased infrastructure spending, developing technological projects, and heavy machinery …
During the projected period of 2021-2031, the market for mobile apps is expected to develop at a CAGR of 16.6%. Serverless is a cloud-native development methodology that allows developers to create and execute apps without having to worry about managing servers. In serverless, there are still servers that are abstracted from app development. The labour …