New Product Development
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 …
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The market for temperature detection screen market was valued at US$ 1.2 billion in 2022 and is anticipated to grow to US$ 4.2 billion by 2030, with a spectacular 16.9% CAGR between 2022 and 2030. The demand for temperature detection screens and sensors increased significantly in 2020 as a result of the COVID-19 epidemic. 15% of the worldwide thermal sensing market …
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In the mosaic of Canada’s diverse consumer landscape, a quiet revolution is underway—one that centers on sustainability and redefines the way we sip. The Canada Straws Market, an integral segment of the beverage industry, reflects a conscientious shift towards eco-friendly and innovative solutions, transcending the conventional notion of straws. In the vast landscape of consumer …
The high performance message infrastructure market has demonstrated remarkable growth, with its size soaring to approximately US$ 1.31 Billion in 2022. This impressive trajectory is expected to continue as the market is projected to exhibit a robust (CAGR) of 14.4% from 2022 to 2029. By the end of this period, it is anticipated to reach an astonishing valuation of US$ …
Demand for L-Lysine Hydrochloride (HCL) is expected to reach US$ 240.6 million in 2022 and is projected to increase at a CAGR of 4.2% to US$ 341.7 million from 2022 to 2032. The increase in mouth-related issues and injuries is blamed for growth. The human body is fed and healed by the revolutionary white powder known …
The motion control software in robotics market has witnessed remarkable growth in recent years, with its estimated value reaching approximately US$ 10.81 Billion in 2022. This dynamic sector is poised for more substantial expansion, as projections indicate an impressive CAGR of 19.6% between 2022 and 2029. If these trends continue, the market is expected to surpass a …
The eye tracking system market is anticipated to be valued at US$ 1.2 billion in 2022 and US$ 4.9 billion by 2028, rising at a CAGR of 26.6% from 2022 to 2028. Eye-tracking systems are thus a critical combination of software and hardware that enables retailers, car OEMs, and researchers to examine and track a person’s eye movements to assess behavior …
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The intelligent transport systems (ITS) market is projected to reach a value of US$ 37.8 Billion by the end of 2022, with sales growing at a prolific CAGR of 13.4% over the forecast period of 2022-2032. The market will reach an estimated value of US$ 132.93 Billion by 2032. Elevated demand for enhanced transportation infrastructure and a growing need for better …
With a forecasted compound annual growth rate (CAGR) of 4%, the South American tourism market, valued at US$ 320 billion in 2022, is likely to reach US$ 473.68 billion in valuation by 2032. Architectural masterpieces along with cultural diversity and many more factors are expected to increase the demand for South America tourism. Tourism is one of those sectors which contributes …
The hotel channel management market amassed a valuation of US$ 687 million in 2022, and it is expected to rise at a consistent CAGR of 8.1% from 2023 to 2033 to reach a market valuation of US$ 1,618.23 million. The market is anticipated to be worth US$ 742.65 million in 2023. Hotel channel management is an integral part of the multibillion dollar hospitality industry. …
