Rise in Pulmonary Related Diseases, Coupled with Newly Products Launched by Major Players, Fuelled the Market growth
Published: May 2023
The global pulmonary function testing market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period. Increasing incidences of lung-related disorders and the numerous advantages offered by pulmonary function testing positively impact the market growth. According to the British Lung Association Foundation 2023 report, nearly 10,000 people in the UK are diagnosed with lung diseases every week. Additionally, pulmonary diseases accounted for more than 70,00,000 hospitals admission with 6 million inpatient bed-days in the UK annually.
Increased Consumption of Data Owing to Proliferation of Mobile and Internet to Drive the Market
Published: May 2023
The global mobile data traffic market is anticipated to grow at a CAGR of 6.8% during the forecast period. The growth of the market is attributed to the increased consumption of data owing to the proliferation of mobile and internet services across the globe. According to the 50th Statistical Report on China’s Internet Development, in the first half of 2022, China's mobile internet access traffic reached 124.1 billion GB, a year-on-year increase of 20.2%. The mobile phone subscriber base grew steadily, with the 5G mobile phone subscriber base expanding rapidly.
Integration of Advanced Technology in Hotel Industry to Drive the Market Growth
Published: May 2023
The global luxury hotel market is anticipated to grow at a CAGR of 7.6% during the forecast period (2023–2030). The most significant trends in the hotel market is the use of technologies such as chatbots, cybersecurity, mobile check-in, and robot-assisted service which are spurring the growth of the hotel industry globally. These technologies safeguard the hotel management and service system, while adapting to the current situation. For example, by deploying cybersecurity in hotels, it will protect the system from attacks involving ransomware, phishing attacks, distributed denial-of-service attacks, and errors made by individuals within the company.
Product Development to Bolster the Growth of the Honeycomb Core Materials Market
Published: May 2023
The global honeycomb core materials market is anticipated to grow at a CAGR of 8.5% during the forecast period (2023-2030). The new product developments are a key factor driving the growth of the global honeycomb core materials market. For instance, In April 2023, EconCore, a manufacturer of honeycomb sandwich material production technology, and Solarge (Weert, Netherlands), a producer of lightweight, sustainable solar panels have launched a new lightweight, fully circular solar panel, reducing the weight of solar installations by up to 65% for rooftops at JEC World 2023.
Ongoing R&D to Propel the Growth of the Fuel Additives Market
Published: May 2023
The global fuel additives market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period (2023-2030). The increased demand for fuel from the end-user industries has driven the demand for fuel additives market across the globe. This industry requires a lot of R&D, therefore the ongoing R&D to develop efficient fuel additive is a key factor driving the growth of the global fuel additives market.
Adoption of Automation across Industry Drive the Edge Sensor Market
Published: May 2023
The global edge sensor market is anticipated to grow at a CAGR of 7.5% during the forecast period. Edge sensor is used for detecting edges during manufacturing and production stages across various industries such as in the printing industry (sheet counter, copy counter), in the metal industry (chatter mark detection, welding seam detection, sheet overlap detection), in the automotive industry (edge counting of folded air filter mats) and others.
Digital Solution Launches to Bolster the Growth of the Dental Impression System Market
Published: May 2023
The global dental impression system market is anticipated to grow at a CAGR of 7.5% during the forecast period (2023-2030). New digital solution launches to drive the growth of the global dental impression system market. For instance, in March 2023, Straumann Group launches a series of digital solutions for dentistry at International Dental Show (IDS) in Cologne. The company introduced a new software solution for its Virtuo Vivo intraoral scanner (IOS) which will improve the speed and accuracy of digital impression-taking.
Localization of Business Anchoring Demand for Language Services Market
Published: May 2023
The global language services market is anticipated to grow at a CAGR of 6.6% during the forecast period. Due to the localization of businesses, the language services market is growing rapidly due to several factors, including the increasing globalization of business, and the growth of e-commerce. By localizing its products and services, a company can reach a wider audience and build stronger relationships with its customers.
Development of the E-Commerce Industry Spur the Market Growth
Published: May 2023
The global domestic courier, express, and parcel market is anticipated to grow at a CAGR of 6.3% during the forecast period. E-commerce is a virtual store where goods and services do not need any physical space and are sold through websites. Although the e-commerce industry utilizes courier, express, and parcel services to manage and oversee the supply chain of e-commerce companies. Moreover, easy availability, convenient shopping experiences, and heavy discounts, offers, and deals make e-commerce a popular medium for purchasing various products.
Growing Demand for Fender Systems to Bolster the Growth of the Marine Fender Market
Published: May 2023
The global Marine Fender market is anticipated to grow at a CAGR of 4.5% during the forecast period (2023-2030). The growing demand for fender systems in new ships is a key factor driving the growth of the global marine fender market. For instance, in November 2022, Trelleborg Marine and Infrastructure has announced to deliver marine fender systems, docking and mooring equipment, and Ship-Shore Links for PetroVietnam Gas' Thi Vai LNG Terminal in Vietnam.As part of the agreement, Trelleborg will provide four sets of its Super Cone Fenders (SCN), the latest generation of fenders.