The value of the global premium A2P and P2A messaging market, which was estimated to be around US$ 79,601.0 million in 2021, is expected to rise at a CAGR of 5.0% to US$ 1,17,695.0 million by 2029. The market for premium P2P and A2P messaging makes up almost 55% of the market for customer communication. The …
Monthly Archives: May 2023
Curling Irons Market is Expected to Surge Beyond US$ 4,918.2 Million by 2033 | FMI
The global curling irons market is expected to surge beyond US$ 4,918.2 million by 2033. The CAGR during the forecast period is projected to be at 7.1%. In 2023, the market size is anticipated to be at US$ 2,471.5 million. There has been a rapid increase in the growth rate of salon services market. As per the market research conducted, the …
Medical Loupes Market is Predicted to Reach US$ 588.9 Million in 2033
Global medical loupes market size is predicted to reach US$ 588.9 million in 2033 with a projected CAGR of 5.6% during the forecast period. The rise in minimally invasive surgeries has driven the demand for medical loupes. As the aging population increases and the prevalence of chronic diseases rises, there is an increase in surgeries and procedures that require enhanced visualization …
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Hardware Security Module Market is expected to reach US$ 6.6 Bn in 2032
A hardware security module is a novel platform that is used to safeguard and manage cryptographic keys for strong authentication. It is also used to protect physical devices from threats that allow unauthorized access to an organization’s systems. By strengthening encryption processes, hardware security modules secure data, identities, and transactions within the network. Thus, enterprises worldwide are …
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Car Rental Service Market Valuation of US$ 153.4 Billion in 2023 | Report by FMI
The global car rental market is projected to accrue a value of US$ 307.5 billion by 2033, with the demand growing at a healthy CAGR of 7.2% from 2023 to 2033. The market will likely reach an estimated US$ 153.4 billion in 2023. Substantial growth in the number of people taking business and leisure travel trips is …
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FIDO Authentication Market is expected to grow at high CAGR of 23.1% 2023 to 2033
FIDO (Fast IDentity Online) is an open authentication standard designed to provide secure and convenient authentication for online services. FIDO aims to replace traditional passwords with stronger, easier-to-use forms of authentication, such as biometrics (e.g. fingerprints, facial recognition) and security keys. The standard is designed to be device and platform-agnostic, allowing for seamless authentication across …
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Business Analytics BPO Services Market is estimated to grow at an exceptional pace with a CAGR of 13.9% to reach ~US$ 22.9 Bn in 2031
According to the most recent Future Market Insights (FMI) analysis, the global market for business analytics BPO services would be worth US$ 6.2 Bn in 2021. Between 2021 and 2031, the market is anticipated to increase at a CAGR of 13.9%, reaching US$ 22.9 billion. According to recently released data from FMI, demand for business analytics BPO …
Built-in Large Cooking Appliance Market is Estimated at US$ 12.2 Billion in 2023 | FMI
The global built-in large cooking appliances market is projected to amass a revenue of US$ 21.8 billion by 2033, rising from US$ 12.2 billion in 2023. The market is set to record a moderate CAGR of 5.9% from 2023 to 2033. This market is primarily driven by the increasing disposable income of consumers across the globe. With growing disposable income levels, …
Fiber Optic Gyroscope Market is estimated to grow at 8.3% CAGR by 2031
The fibre optic gyroscope (FOG) market demand prognosis is expected to continue favourable, according to Future Market Insights (FMI), with sales expected to exceed US$ 1,413.2 Mn by 2021. In 2021, the market will expand at a compound annual growth rate of 6.5% due to continued use in military and defence applications for missile flight control, dynamic …
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Radar & LiDAR Technology for Railways Application Market to register a CAGR of 9.6% by 2031
By 2031, the market for radar and LiDAR technology used in railway applications is projected to be worth US$4.98 billion. Rising investment in the creation of autonomous railway systems along with rising demand for radar and LiDAR technology sensors in nations like India and Indonesia are projected to propel the market. Rail applications heavily rely on radar …