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Showing posts from July, 2024

Prebiotics Market Worth $21.2 Billion By 2030 | CAGR: 14.9%

  Prebiotics Industry Overview The global prebiotics market size was valued at USD 6.05 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 14.9% from 2022 to 2030. The growing use of prebiotics in the dairy industry due to its health benefits is projected to augment the demand over the forecast period. In addition, growing technological advancements in developing inulin and oligosaccharides are likely to replace sugar that is anticipated to drive the market over the forecast period. High demand for supplements along with the changing consumer perception regarding the health benefits of fibers is expected to promote growth over the next seven years. Gather more insights about the market drivers, restrains and growth of the   Prebiotics Market The growing occurrence of gastrointestinal tract diseases, such as constipation, Irritable Bowel Syndrome (IBS), Gastroesophageal Reflux Disease (GRD), and inflammatory bowel disease...

Computer Aided Engineering Industry expected to grow at a CAGR of 12.8% from 2024 to 2030

  Computer Aided Engineering   Industry Overview The global computer aided engineering market size was valued at USD 10,175.4 million in 2023 and is expected to grow at a CAGR of 12.8% from 2024 to 2030, owing to the increased outsourcing of manufacturing processes to emerging economies such as China, India, and Russia, among others. The computer aided engineering (CAE) market is poised for unprecedented growth during the forecast period, as integrated software solutions eliminate the need for multiple prototypes and product recall concerns. As a result, the cost associated with prototyping and product recall strategy is highly reduced. Moreover, the increasing use of CFD software for analyzing temperature in battery modules and extending battery life & performance is anticipated to drive the market growth. Gather more insights about the market drivers, restrains and growth of the   Computer Aided Engineering Market The market all over the globe is witn...

Remittance Market expected to expand at a CAGR of 10.1% from 2022 to 2030

  Remittance Industry Overview The global remittance market size was valued at USD 48.99 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% from 2022 to 2030. Cross-border remittances provide numerous economic benefits, including increased financial inclusion and economic development. Remittances are extremely important in the lives of migrants and their families. Money received in migrant households in their countries of origin accounts for most of the household income, typically spent on necessities such as medicines, education, food, and housing. Sending money abroad has traditionally been time-consuming and costly, as evidenced by the never-ending chains of intermediaries, hidden fees, and manual paperwork. Fortunately, advancements in the industry over the last few years mean that individuals and even small-to-medium-sized businesses can now benefit from cheaper, faster, and value-added foreign fund transfer services. Gather more insight...

Heat Treating Market projected to grow at a compound annual growth rate of 3.5% from 2024 to 2030

  Heat Treating Industry Overview The global heat treating market size was estimated at USD 107.18 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2030. The rapid growth of the  electric vehicle  industry, coupled with the growing demand for metallurgical alterations to suit specific applications, is expected to boost market growth over the forecast period. The increasing demand for heat treatment in EVs is fueled by the pivotal role it plays in enhancing the performance, efficiency, and longevity of critical components within EV drivetrains and battery systems. Gather more insights about the market drivers, restrains and growth of the   Heat Treating Market As automakers strive to optimize the efficiency of electric propulsion systems, heat treatment becomes indispensable for components like electric motor components, gears, and battery cells. Moreover, heat treating helps improve the hardness, durabili...

Personal Computing Procurement Intelligence predicted to expand at a CAGR of 7.2% from 2024 to 2030

  Personal Computing   Procurement Intelligence Procurement of personal computing services refers to the process of acquiring computers, related hardware, and software for individual use or within an organization. The global market size was estimated at USD 205.5 billion in 2023. Efficient procurement ensures optimal performance, cost-effectiveness, and compatibility with existing systems while maintaining a focus on security and user satisfaction. In 2023, North America held the largest share of the global market with 30%. This growth can be attributed to the dominating presence of key players, deployment of high-speed data infrastructure, advancements in laptop design and performance, innovation and sustainability initiatives by key players, and an increase in sales via e-commerce platforms. Asia Pacific is poised to witness the fastest growth rate during the forecast period due to the rise of commercial establishments, rapid infrastructure development, surge in product usag...