Recent Media Releases
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Inflatable Boats Market to Reach US$ 2.6 Bn by 2030; Sluggish Tourism Industry amidst COVID-19 Pandemic to Restrict Sales in Near Term
Published On : Jul 02, 2020
Rapidly growing demand from maritime security along with rising number of leisure activities are the main driving factors for the inflatable boats market. The boating industry has witnessed significant growth in recent years, with increasing number of professionals and adventurers, and boat racing events, which have tremendously bolstered the demand for inflatable boats.
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Network Performance Monitoring Market to Expand Threefold by 2030; COVID-19 Pandemic Restrictions Increasing Need for Remote Monitoring
Published On : Jun 26, 2020
Increasing complexity of networks is one of the biggest concerns faced by most enterprises. Enterprise networks have become more complex due to the adoption of new technologies such as cloud computing and IoT, as well as changing business practices. Organizations are adopting various network monitoring tools to better maintain and control their network infrastructure, which is the main reason driving the growth of the global network performance monitoring market.
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Olive Oil Market to Hit US$ 20 Bn Mark in 2030; Reduced Demand from Foodservice Industry Due to COVID-19 Pandemic Impeding Market Growth
Published On : Jun 26, 2020
The European Union is the leading producer, consumer, and exporter of olive oil across the globe. Europe is also the leading producer of olives, which makes it the most lucrative region for manufacturers in the global olive oil market. Additionally, the Asia Pacific region is expected to offer promising opportunities for market players over the coming years.
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Marula Oil Market to Reach US$ 72 Mn by 2030; Growth Affected Due to Reduced Manufacturing and Sales Brought on by COVID-19 Pandemic
Published On : Jun 26, 2020
Antioxidants are gaining wide attention in the cosmetic industry, as these offer efficient solutions for skincare. Antioxidants stop the oxidation process under which a compound loses electrons and negatively affects the skin. The oxidation process happens due to internal and external reasons, such as UV radiation, pollution, etc. Oxidation affects the skin by causing blackheads, wrinkles, loss of hydration, etc. Since consumers across the world are becoming more conscious regarding healthy and young-looking skin, manufacturers are moving toward the usage of antioxidants in cosmetic products. Marula oil contains high antioxidant properties and comprises vitamin E and C, which are capable of resisting the oxidation process.
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Mobile Ticketing Market to Exhibit 17% CAGR through 2030; COVID-19-related Restrictions on Travel and Entertainment Hindering Market Growth
Published On : Jun 26, 2020
As per the findings of a new market research report by Persistence Market Research, worldwide revenue of the mobile ticketing market reached US$ 1.2 Bn in 2019, and is anticipated to exhibit an impressive CAGR of 17% during the forecast period (2020 to 2030). Adoption of mobile ticketing systems and apps to drive ticket sales, reduce reliance on printed paper and plastic tickets, and to encourage digitization and cashless payments are all aiding the growth of the mobile ticketing market. The transportation and event sectors will lead the way in terms of sales through 2030, thereby pushing the growth of the global mobile ticketing market in a big way.
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Ineffective Esophageal Motility Treatment Market to Reach US$ 6.4 Bn by 2030; Prioritization of COVID-19 Treatment to Hurt Near-term Growth
Published On : Jun 24, 2020
Ineffective esophageal motility treatment leads to a reduction in muscle damage and improved outcomes, improving quality of life and resulting in long-term benefits. Device-based treatment and IEMT drugs have already had a substantial impact on how symptoms of GERD and achalasia are treated. The first and the most important factor driving the growth of the ineffective esophageal motility treatment market is the increasing prevalence of gastroesophageal reflux disease. Other factors, such as intake of asthma medications and increasing geriatric population, are also responsible for driving the ineffective esophageal motility treatment market.
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Angiography Catheters Market to Expand Twofold by 2030; Manufacturing Challenges amidst COVID-19 Pandemic Hurting Market Growth
Published On : Jun 24, 2020
A catheter used in angiography with the help of X-ray imaging guidance. The use of a catheter makes it possible to combine treatment and diagnosis in a single procedure. Various catheters available for angiography include coronary catheters, renal catheters, and microcatheters. However, coronary catheters are the most-used product due to increasing incidence of cardiovascular disease. Since the past few years, cardiovascular diseases (CVDs) are the leading cause of death, worldwide, taking approximately 18 million lives each year. This factor will propel the growth of the angiography catheters market during the forecast period. Furthermore, technological advancements in cardiovascular procedures and development in healthcare infrastructure are some other factors that will boost the angiography catheters market in the future.
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Business Productivity Software Market to Cross US$ 78 Bn Valuation in 2030; Increased Adoption being Witnessed across Organizations during COVID-19 Pandemic
Published On : Jun 23, 2020
Advancements in collaborative and interactive technologies have made communication solutions more dynamic, which enables individuals to share information via multimedia technology. Also, content sharing, digital data streaming, and mobile connectivity solutions are turning meeting rooms into dynamic locations, where people from different states, countries, and continents can be involved in one place for decision-making, problem-solving, and risk control processes. Due to this digitizing at the workspace, many vendors in the business productivity software market are focusing on developing more dynamic solutions to meet the rising demands of customers, which, in turn, is driving the growth of global business productivity software market.
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Chatbots Market to Exhibit Impressive 20% CAGR through 2030; Restrictions Due to COVID-19 Outbreak Surging Demand for Chatbots with Self-service Features
Published On : Jun 23, 2020
Retailers and e-Commerce businesses are accelerating the procurement of chatbot solutions and services to bridge the gap of customization faced by customers while shopping online. Integration of chatbots to cater to customer needs dramatically advances customer experience and enables sellers to gain detailed insights into the personalization requirements of their customers. Chatbots also acknowledge customer intent, while facilitating the provision of relevant product recommendations. Apart from such web-based chatbots, high demand for contact center chatbots is being observed in the retail and e-Commerce arena.
The global chatbots market was valued at US$ 650 Mn in 2019, and is estimated to progress at a CAGR of approximately 20% during the forecast period of 2020 to 2030. This strong growth rate can be attributed to the high adoption of chatbots for marketing, sales, customer support, digital onboarding, and personal assistance. However, further advancements in natural language processing (NLP) and advanced cognitive conversational skills are required to ensure the high reliability of chatbots.
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Lithium Ion Battery Market to Expand at Impressive 14% CAGR through 2030; Decreased Auto Sales Due to COVID-19 Outbreak Affecting Market Growth
Published On : Jun 19, 2020
The rapidly growing fleet of electric vehicles (EVs) is one of the most important driving factors for the lithium ion battery market. The automotive industry has been witnessing a visible shift from using nickel metal batteries to lithium ion batteries in plug-in vehicles and EVs. The beneficial physical characteristics of lithium ion batteries such as small size and light weight have bolstered their demand across the automotive industry.
The global lithium ion battery market is estimated to expand at a CAGR of around 14% by value over the next decade, and reach a valuation of US4 127 Bn by 2030.
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Non-invasive Ventilation Masks and Circuits Market to Exhibit Healthy CAGR of Over 9%; Surging Demand being Witnessed to Treat COVID-19 Patients
Published On : Jun 19, 2020
Adoption of non-invasive ventilation masks and circuits will increase due to large procedural benefits that they offer - masks provide an optimal fit, along with minimizing pressure and leakage points. At present, there is increased demand for non-invasive ventilation masks and circuits due to the growing incidence of coronavirus disease, especially among the elderly population and those suffering from long-term chronic respiratory disorders, which provides an opportunity for manufactures to innovate and increase their product sales.
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Anhydrous Caffeine Market to Expand 1.6X by 2030; Reduced Demand from F&B Industry Due to COVID-19 Pandemic Affecting Market Growth
Published On : Jun 19, 2020
Anhydrous caffeine is used in various sports drink to enhance the performance of athletes. Athleticism comprises strength, speed, agility, power, aerobic capacity, mental resilience, and other key performance areas. Anhydrous caffeine improves the performance and focus of athletes. As the health & fitness trend and fierce competition is changing in different sports, the demand for caffeine-infused sports beverages is surging, and subsequently, increasing the use of anhydrous caffeine.
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Hydrolyzed Plant Protein Market to Cross US$ 3 Bn Valuation in 2030; Production and Supply Chain Disruptions Due to COVID-19 Outbreak Stunting Market Growth
Published On : Jun 19, 2020
Healthy snack foods are becoming popular among the working population across the world due to changing lifestyles, increasing urbanization, and hectic work schedules. Hydrolyzed plant proteins play a key role in the preparation of several foods such as sausages, meat analogs, cereals, and soups, by the formation and stabilization of emulsions. Hydrolyzed plant protein is also used as a flavor enhancer in meat analogs to improve and enhance its flavor and taste.
Thus, the increasing use of hydrolyzed plant protein in various food preparations, especially in convenience food products, is boosting the growth of the global hydrolyzed plant protein market. In recent years, the global hydrolyzed plant protein market has witnessed substantial growth, and this trend is anticipated to continue over the forecast period of 2020-2030, at a significant CAGR of 5%.
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Dry Wash Spray Market to Reach US$ 7 Bn by 2030; Rising Awareness Regarding Hygiene amidst COVID-19 Outbreak Boding Well for Market Growth
Published On : Jun 17, 2020
Water stress is a new challenge for the world, where frequent usage for laundry or cleaning purposes is common. This is where product innovation in the industry, such as dry wash spray, plays a vital role, as it minimizes the use and wastage of water. Dry wash spray is available in the market for different purposes, such as laundry, personal care, and other similar uses.
According to an independent study, using a dry wash shampoo spray for haircare will save around 350 to 500 liters of water per bottle, as no rinse is required. On the other hand, in case of laundry, clothes are, on an average, fully washed 40 - 55 times in their lifespan, whereas, they really do not require full wash each time. In such cases, the use of dry wash spray can save on water while maintaining the quality of the clothes. All these aspects related to water stress point out toward the bright future of the global dry wash spray market in the coming years, which is projected to be valued at US$ 7 Bn by the year 2030.
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Polyhedral Oligomeric Silsesquioxane (POSS) Market to Reach US$ 375 Mn by 2030; COVID-19 Pandemic Restrictions Hurting Potential Growth Opportunities
Published On : Jun 16, 2020
Polyhedral oligomeric silsesquioxane, also known as POSS, is used for the improvement/enhancement of products, which gives manufacturers the liberty to develop custom products. Because of its chemical nature, POSS technology can be tailored to meet resin and consumer compatibility needs. The polyhedral oligomeric silsesquixane market is still in an initial phase of growth. Research is ongoing on POSS compounds in order to reduce its cost and commercialize it on a large scale. As such, it is estimated that, the POSS market will witness significant growth in the near future.
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Liquid Soap Market to Reach US$ 30 Bn Mark in 2030; Increasing Focus on Personal Hygiene to Combat Viral Infections Surging Sales
Published On : Jun 16, 2020
At present, consumers have become more aware about their hygiene, as the rate of viral diseases spreading is climbing day by day. The current COVID-19 pandemic is a live example of such contagious infections. Liquid soaps are considered as germ killers and prevent contracting infections. Governing bodies have been stressing on the need for people to wash their hands regularly to prevent such infectious diseases. According to the U.S. Department of Health & Human Services, a million deaths a year can be avoided if people routinely started cleaning their hands.
Liquid soap is gaining traction across the world, owing to the presence of lower pH level (pH is responsible for skin drying). Therefore, consumers are now preferring liquid soap over bar soaps that have higher pH levels.
On the back of these factors, the global liquid soap market is estimated to register a healthy CAGR of around 5% during the forecast period of 2020-2030.
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Polyester Polyols Market to Surge Past US$ 13 Bn Mark in 2030; Supply Chain Disruptions Due to Covid-19-related Restrictions Hurting Market Growth
Published On : Jun 15, 2020
Growth of the polyester polyols market is majorly driven by increasing demand from end-use industries, such as transportation, construction, furniture, and packaging, more so in regions such as East Asia and Europe, especially China, Germany, and India. Significant properties, such as its viscous nature as compared to polyether polyols, makes it more preferable across industries. Also, it provides significant mechanical properties such as heat resistance, which improves resistance to oils and fats; durability; abrasion; and chemical resistance.
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Bean Bag Chairs Market to Reach US$ 6 Bn by 2030; Covid-19 Pandemic to Affect Manufacturing and Sales Prospects in Near-term
Published On : Jun 10, 2020
Maximizing the use of small spaces with smart solutions is a popular trend in the designing industry. Bean bag chairs are one of the best furnishing options that support this popular trend, as these chairs are handy, flexible, and also help maintain the attractiveness of the décor. This is one of the most important product properties that stimulate their demand in the market. These chairs are more likely to be preferred while designing small spaces. These chairs are also more comfortable and have multiple uses as compared to other products available in the market. Their attractive style and design add to the décor quotient without consuming a lot of physical space.
The global bean bag chairs market is estimated to be valued at US$ 6 Bn by the end of 2030, expanding at a decent CAGR of 5% during the forecast period (2020-2030).
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Citrus Oil Market to Cross US$ 5 Bn Valuation by 2030; Raw Material Procurement Issues Due to Covid-19 Pandemic Impeding Market Growth
Published On : Jun 10, 2020
The use of aromatic ingredients and substances for the treatment of specific physical conditions to attain relaxation and rejuvenation is the main focus of aromatherapy. Citrus oil has wide application in products such as perfumes, massage products, bathing essentials, and other therapeutic products. The popularity of aromatherapy is increasing across the globe, and, as such, it is also influencing the demand for convenient and natural aromatic oils for therapeutic usage. This increasing consumer interest in aromatherapy is positively influencing the demand for citrus oil, and is contributing toward revenue growth of citrus oil in the global essential oils market.
The citrus oil market has observed substantial growth across the world over the past few years, and this growth is anticipated to continue throughout the forecast period of 2020 to 2030 too. The global citrus oil market is anticipated to grow at a steady value CAGR of 5% during the forecast period.
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Enterprise Customer Communications Management Market to Grow 3X by 2030; High Demand Witnessed for Cloud-based Solutions Due to Covid-19 Pandemic Restrictions
Published On : Jun 09, 2020
The enterprise customer communications management market is anticipated to grow around 11% annually through the period of 2020 to 2030, due to increasing adoption of cloud-based solutions by small and medium enterprises. A cloud-based business model allow payment options for the services rendered, sans any hassles. An inevitable benefit for businesses is that, a cloud-based model increases revenue along with enhancing business and customer relationships. As a result of cloud-based revenue models, there will be higher demand for enterprise customer communications management platforms and services from small and medium enterprises over the coming years.
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