A CAGR of 5% during the forecast period from 2022 to 2032, the global towing software market is expected to reach US$ 766.8 Million, reports a recently published Future Market Insights study. Expansion of the market can be attributed to the growing applications for small & medium enterprise management. From 2015 to 2021, the market experienced a CAGR of 6% to …
Monthly Archives: November 2023
Automated Number Plate Recognition (ANPR) and Detection Sensors Market Forecasts US$ 1.768 Million by 2032, Fueled by 8.6% CAGR
The global automated number plate recognition (ANPR) and detection sensors market is poised for remarkable growth, with a projected (CAGR) of 8.6% during the decade spanning from 2022 to 2032. This robust growth trend is expected to result in the accumulation of a substantial market value of US$ 1.768 million. Automated Number Plate Recognition (ANPR) and Detection Sensors have become …
Cat Litter Market Forecasted to Hit US$ 9 Billion with a 6% CAGR by 2033 | FMI
The cat litter market size is estimated to be valued at US$ 5 billion in 2023 and is expected to surpass US$ 9 billion by 2033. The adoption of cat litter is likely to advance at a CAGR of 6% during the forecast period. The cat litter market is continuously evolving, presenting both lucrative opportunities and emerging trends. Among the significant opportunities, lies in the …
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The Unstoppable Momentum of the Gaming Gadgets Market Set to Hit US$ 156.8 Billion by 2032 | FMI
The gaming gadgets market is predicted to be worth US$ 71.30 Billion by 2022 and US$ 156.7 Billion by 2032, according to FMI. Between 2022 and 2032, the market is estimated to increase at a compound yearly growth rate of 8.2%. Innovations in technology including graphic quality, VR, AR and processing power coupled miniaturization of devices have played key roles in the electronics …
Paper Wraps Market Anticipated US$ 12.4 Billion by 2032: A Comprehensive Study Report by FMI
One of the primary factors contributing to this growth is the choice of materials used in rigid packaging containers. Among the various materials employed in the manufacturing of rigid packaging containers, the plastic rigid packaging containers segment is projected to hold a significant portion of the global market. This preference is driven by the advantages …
Autonomous Mobile Robots for Logistics and Warehousing Market Projected to Surge with a 22.7% CAGR, Reaching US$17 Billion by 2032
The market for autonomous mobile robots for logistics and warehousing market is predicted to grow at a CAGR of 22.7% over the course of the projection period and will account for US$ 17 billion in market share in 2032, up from US$ 2.42 billion in 2022. As the largest retailers and online retailers continue to extend their business operations globally, there …
Unveiling Opportunities in the Feminine Hygiene Product Market Set to Achieve a 9% CAGR and US$ 77.4 Billion by 2033 | FMI
With an estimated CAGR of 9.0%, the global feminine hygiene product market size has the potential to surpass US$ 32,714.70 million in 2023. By 2033, feminine hygiene product sales are expected to be estimated at US$ 77,399.90 million. Government initiatives to raise awareness about women’s health and menstrual hygiene, as well as brand consolidation strategies by leading manufacturers and women’s adoption of modern …
Waterless Cosmetics Market Surges to US$ 33000 Million with a Striking 13% CAGR by 2033 | FMI
The market for waterless cosmetics is projected to be worth US$ 9700 million in 2023 and is anticipated to grow to US$ 33000 million by 2033. Throughout the projection period, the use of waterless cosmetics is anticipated to grow at a CAGR of 13%. The waterless cosmetics market is a rapidly growing sector in the beauty industry, as more consumers become aware …
Ultra High Bond (UHB) Tape Market worth US$ 1,423.4 Million by 2032: A Comprehensive Report by FMI
A fresh forecast from FMI predicts a considerable upswing in ultra high bond (UHB) tape revenue from 2022 to 2032, with an incremental growth opportunity of US$ 475.0 million. This forecast indicates that the market for ultra high bond (UHB) tape is anticipated to grow to 1.5 times its current market value within the same …
Software Defined Application and Infrastructure Market Poised for 21.7% CAGR, Eyeing US$ 250.58 Billion Milestone
The software defined application and infrastructure market was estimated to be worth US$ 28.82 billion globally in 2021, and by the end of 2022, it is expected to be worth US$35.16 billion. The market is anticipated to grow at a 21.7% CAGR from 2022 to 2032, reaching a projected value of US$ 250.58 billion. The global market for software defined …