Thought Articles

robotics process automation market

Automating Business Using Robotic Process Automation

The Robotic Process Automation market was valued at US$2.039 billion in the year 2020. This market is projected to grow at a lucrative CAGR of 31.5%. Robotic process automation (RPA) is a business process automation technology that uses metaphorical…
pine-derived chemicals market

Pine-Derived Materials Make a Way Towards Sustainable Future

Pine-derived chemicals manifest an amazing range of chemicals taken from various pine tree parts such as the bark, wood, and needles. These chemicals are extensively used by many industries in diverse ways such as the manufacture of adhesives,…
farm equipment market

Farm Equipment Market Driven by Government Policies and Support

The global farm equipment market is evaluated at US$89.225 billion for the year 2022 growing at a CAGR of 5.69% reaching the market size of US$131.481 billion by the year 2029. Tools, machinery, and upkeep supplies made specifically for use…
dry bulk shipping market

The Impact of Steel and Coal Production on the Dry Bulk Shipping Market

The dry bulk shipping market was valued at US$343.483 billion in 2022 and is projected to expand at a CAGR of 7.85% over the forecast period to reach US$540.672 billion by 2028. The most common bulk commodity is dry bulk. Iron and coal are…

Rising Demand from End-Use Industries to Drive Advanced Process Control Market

The advanced process control market was valued at US$1,699.590 million for the year 2020 and is expected to grow at a CAGR of 8.36%, reaching a market size of US$2,981.447 million by the year 2027.  An advanced process control system is a…
Access Control Market

The Access Control Market – Modified and Enhanced Product Offerings by Global Companies

The access control market is estimated at US$6.637 billion for 2020, growing at a CAGR of 7.52% to reach a market size of US$11.029 billion by 2027. As digital technology has advanced, it has become increasingly challenging for organizations…
multi factor authentication market

A Double-Layer Assurance of Security Through Multi-Factor Authentication

The multi-factor authentication market is projected to grow at a CAGR of 16.88% during the forecast period to reach US$34.497 billion by 2027, up from US$11.543 billion in 2020. While signing into an online account the user has to go through…
infant formula market

The Rising Nutritional Value of the Global Infant Formula Market

The infant formula market is projected to grow at a CAGR of 5.42% to reach a market size of US$78.639 billion by 2028, up from US$54.330 billion in 2021. The infant baby formula comprises a formula for newborns aged 0 to 6 months. They are…
collision avoidance system market

The Implementation of Collision Avoidance System in the Automotive Industry

The collision avoidance system market is expected to grow at a 9.34% CAGR from $10.997 billion in 2020 to $20.542 billion by 2027. A collision avoidance sensor system is used to identify objects or impediments in their path and assist them…
zinc chemicals market

The Advanced Technological Features Fuel the Long-term Viability of Zinc Chemicals

Zinc, as a low-frequency element, is most often obtained by electrolyzing zinc sulfate. Apart from its own application, it is employed in the result of metal production and for coating. Zinc in metal form often goes into the production of…

3D Sensor Market – Rising Demand from End-User Industries and Incorporation of Advanced Technologies

The global 3D Sensor market is projected to witness a CAGR of 12.64% over the forecast period to reach a total market size of US$5.576 billion by 2027, from US$2.423 billion in 2020.  The increasing use of smart devices by individuals all…

Luminating Our World With Electricity Transmission Poles

The electricity transmission poles market is expected to grow at a compound annual growth rate of 6.92% over the analysed period to reach a market size of US$9.695 billion in 2027 from the US$6.070 billion in 2020.  The prime reason driving…