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Latest Press Releases
Rich Communication Services (RCS) Market to reach $5.3 billion by 2035
Published: May 2026
Rich communication services (RCS) market was valued at $1.1 billion in 2025 and is projected to reach $5.3 billion by 2035, growing at a CAGR of 17.2% during the forecast period (2026-2035). The expansion of mobile internet penetration and telecom subscriber base remains a fundamental driver supporting revenue generation in the rich communication services market. According to the Telecom Regulatory Authority of India, total internet subscribers surpassed 1,017 million by the end of 2025, indicating a substantial digital user base capable of supporting advanced messaging formats. In parallel, total telephone subscribers reached approximately 1,306 million, with steady monthly growth and increasing tele-density levels across both urban and rural regions. 
Product Information Management Market to reach $6.2 billion by 2035
Published: May 2026
Product information management market was valued at $2.2 billion in 2025 and is projected to reach $6.2 billion by 2035, growing at a CAGR of 11.2% during the forecast period (2026-2035). The increasing scale and complexity of digital commerce environments is a primary factor driving demand for product information management solutions. According to the United Nations Conference on Trade and Development (UNCTAD), approximately 2.3 billion consumers were engaged in online shopping activities, reflecting a substantial expansion in digital transactions over recent years. In parallel, business e-commerce sales across major economies have recorded sustained growth, rising by nearly 60% between 2016 and 2022, indicating a structural shift toward digital sales channels.
Pneumatic Conveying Systems Market to reach $9.3 billion by 2035
Published: May 2026
Pneumatic conveying systems market was valued at $5.2 billion in 2025 and is projected to reach $9.3 billion by 2035, growing at a CAGR of 6.1% during the forecast period (2026-2035). The growth of industrial manufacturing output remains a primary factor supporting demand for pneumatic conveying systems across process industries. According to official data from the Ministry of Statistics and Programme Implementation, India’s manufacturing sector recorded a growth of 9.9% in 2023–24, indicating a strong recovery in industrial production activities. In addition, manufacturing continues to contribute approximately 16–17% of GDP, highlighting its structural importance within the economy. 
Neural Network Software Market to Reach $145.5 Billion by 2035
Published: May 2026
Neural network software market was valued at $27.3 billion in 2025 and is projected to reach $145.5 billion by 2035, growing at a CAGR of 18.3% during the forecast period (2026-2035). The primary growth driver for the global neural network software market is the accelerating adoption of artificial intelligence across enterprise operations, where organizations are shifting from experimental use cases to production-scale deployments. Neural network software has become essential for model training, inference management, workflow orchestration, and continuous optimization across sectors such as banking, healthcare, retail, manufacturing, and telecom. According to the U.S. Federal Reserve, based on U.S. Census Bureau business survey data, nearly 18% of firms had adopted AI by year-end 2025, indicating a significant increase in commercial usage across the corporate sector. 
Lithotripsy Devices Market to Reach $3.8 Billion by 2035
Published: May 2026
Lithotripsy devices market was valued at $1.9 billion in 2025 and is projected to reach $3.8 billion by 2035, growing at a CAGR of 7.3% during the forecast period (2026-2035). The rising global burden of urinary stone disease, particularly kidney and ureteral stones, which is directly increasing procedural demand for stone fragmentation systems across hospitals, specialty urology centers, and ambulatory surgical settings. According to the U.S National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), kidney stones affect about 11% of men and 6% of women in the United States at least once during their lifetime, highlighting a large recurring treatment population requiring interventional care. In parallel, recent NHANES-based findings published through the U.S. National Library of Medicine reported that kidney stone prevalence in U.S. adults reached 11.0%, while annual incidence was 2,054 cases per 100,000 adults, confirming sustained patient inflow into the treatment pathway.
Kraft Liner Market to Reach $65.7 Billion by 2035
Published: May 2026
Kraft liner market was valued at $47.9 billion in 2025 and is projected to reach $65.7 billion by 2035, growing at a CAGR of 3.3% during the forecast period (2026-2035). The rapid expansion of e-commerce and modern retail distribution networks remains a primary growth driver for the global kraft liner market, as corrugated boxes, industrial bags, mailers, and protective paper packaging depend heavily on kraft liner grades for strength, durability, and printability. According to the OECD, e-commerce adoption among retail SMEs nearly doubled from 23% in 2013 to 43% in 2023, highlighting the structural shift toward digitally enabled product distribution channels. 
Internet of Things Telecom Services Market to reach $36.7 billion by 2035
Published: May 2026
Internet of things telecom services market was valued at $13.9 billion in 2025 and is projected to reach $36.7 billion by 2035, growing at a CAGR of 10.3% during the forecast period (2026-2035). Sustained expansion of advanced mobile network infrastructure and the increasing number of machine-to-machine connected devices requires managed telecom connectivity. IoT telecom services depend on reliable mobile broadband, low-latency communication, scalable SIM management, and secure network access, making telecom infrastructure investment a direct revenue catalyst for the market. According to the OECD, mobile broadband subscriptions across member countries increased from 1.66 billion in June 2021 to 1.9 billion by mid-2024, reflecting a 16% rise over three years. The same publication noted that 5G networks had been deployed in 37 of 38 OECD countries by 2025, demonstrating the rapid commercial availability of next-generation mobile networks.
Healthcare Biometrics Market to reach $12.1 billion by 2035
Published: May 2026
Healthcare biometrics market was valued at $3.9 billion in 2025 and is projected to reach $12.1 billion by 2035, growing at a CAGR of 12.2% during the forecast period (2026-2035). The healthcare sector is experiencing a sustained rise in cybersecurity incidents, directly influencing investment in secure identity authentication technologies such as biometrics. According to data reported to the U.S. Department of Health and Human Services, more than 739 healthcare data breaches were recorded in 2024, impacting over 276 million records, reflecting the highest level of exposure to date. In parallel, official breach disclosures indicate that large-scale incidents continue to occur regularly, with hundreds of cases reported annually, highlighting systemic vulnerabilities in healthcare IT environments. The financial implications are equally significant, with healthcare data breaches costing an average of over USD 7.4 million per incident, making it the most expensive sector for data breaches. 
Floating Production Storage and Offloading Vessel Market to Reach $39.0 Billion by 2035
Published: May 2026
Floating production storage and offloading vessel market was valued at $23.5 billion in 2025 and is projected to reach $39.0 billion by 2035, growing at a CAGR of 5.3% during the forecast period (2026-2035). A major growth driver for the Floating Production Storage and Offloading Vessel market is the sustained increase in offshore crude production from deepwater provinces where FPSO systems remain the preferred development model. These vessels provide integrated production, storage, and offloading capability, making them commercially attractive for remote offshore fields lacking pipeline infrastructure. Brazil continues to be the largest catalyst for demand. According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Brazil’s oil and gas production reached a record 4.897 million barrels of oil equivalent per day in 2025, representing 13.3% growth over 2024 levels. The regulator also noted that pre-salt fields accounted for nearly 79.6% of national output, highlighting the dominance of offshore reservoirs that typically rely on FPSO infrastructure. Such production expansion directly supports new vessel awards, capacity upgrades, and long-term charter contracts.
E-Commerce Packaging Market to reach $114.3 billion by 2035
Published: May 2026
E-commerce packaging market was valued at $60.5 billion in 2025 and is projected to reach $114.3 billion by 2035, growing at a CAGR of 6.7% during the forecast period (2026-2035). The growth of the e-commerce packaging market is fundamentally anchored in the sustained increase in digital retail transactions and order volumes across major economies. Government-backed data indicates that India’s e-commerce market reached approximately USD 125 billion in 2024 and is projected to expand to nearly USD 345 billion by 2030, reflecting a strong structural shift toward online purchasing channels. The number of online shoppers has also expanded significantly, with over 270 million users actively engaging in digital commerce in 2024, supported by rising internet penetration and smartphone adoption. In parallel, digital payment infrastructure continues to scale rapidly, with transaction volumes exceeding 222 billion in FY2025, reinforcing the ease and frequency of online transactions.