Syndicated Research Studies

The global zero trust security market was valued at approximately USD 24.84 billion in 2022 and is projected to experience substantial growth, with an estimated compound annual growth rate (CAGR) of 16.6% from 2023 to 2030. This expansion in the zero trust security sector can be attributed to several key factors, including the rising adoption of the "Bring Your Own Device" (BYOD) and "Choose Your Own Device" (CYOD) models, an increase in the frequency of cyberattacks, and stronger cybersecurity regulations, among others. The trend of BYOD and CYOD is becoming more prevalent across various organizations. These models offer several benefits, such as reducing costs associated with purchasing and maintaining endpoint infrastructure. The ability for employees to use their own familiar devices also helps improve overall productivity, which has contributed to the growing popularity of these models. The BYOD approach, in particular, gained significant momentum during the C

The global telemedicine market was valued at USD 114.98 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.96% from 2024 to 2030. This growth is primarily being driven by several factors, including ongoing consolidation across the telemedicine industry, strategic initiatives by key market players, and a growing trend of healthcare consumerism. These trends reflect a shift towards more patient-centric healthcare models, where patients are increasingly taking control over their healthcare decisions and embracing digital health solutions. Moreover, the adoption of telemedicine by healthcare providers is steadily rising, fueled by both an increasing willingness among patients to engage with digital healthcare and the expanding demand for accessible healthcare services. Telemedicine also contributes to improving the quality of care through more convenient access to healthcare professionals, which helps enhance patient outcomes. For example, in May 2021,

The global Software as a Service (SaaS) market was valued at USD 261.15 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030. SaaS is a cloud-based service that delivers software applications over the Internet, allowing users to access them remotely without the need for local installation or on-premises infrastructure. A key driver of SaaS market growth is the rising adoption of public cloud services by enterprises. As more businesses transition from traditional, on-premises software deployments to cloud-based solutions, the demand for SaaS is intensifying. The shift is largely driven by the high costs associated with maintaining on-premises software and infrastructure, which can be expensive and resource-intensive. Cloud-based SaaS offers a more cost-effective and scalable alternative, which further fuels its adoption across various industries. However, despite its growth potential, the SaaS market faces challenges, particularly

The global power tools market was valued at USD 31.08 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is largely driven by the increasing infrastructure development initiatives undertaken by governments worldwide, which are expected to elevate the demand for power tools used in construction activities. These infrastructure projects, especially in non-residential construction, are likely to lead to significant investments, further boosting the demand for power tools throughout the forecast period. However, the market was impacted by the COVID-19 pandemic, which had a severe effect on economies worldwide. The pandemic led to a slowdown in consumer spending, disrupted global supply chains, and caused the temporary closure of manufacturing plants, particularly in the early months of 2020. This disruption resulted in product shortages and revenue declines for companies operating in the power tools sector. Gather more

The global polyethylene market was valued at USD 155.18 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This growth is driven by ongoing technological advancements across various end-use industries and the rising demand for lightweight, cost-effective products. As industries such as packaging, construction, and automotive continue to evolve and expand, they significantly contribute to the demand for virgin polyethylene (PE). These industries require high-quality, consistent polyethylene to manufacture key products, including packaging materials, pipes, and automotive components. As these sectors grow globally, the need for PE also increases, which in turn supports the market's expansion. Additionally, the global population increase and the rapid pace of urbanization are pivotal factors driving the demand for virgin PE. The growing population, particularly in emerging economies, leads to greater consumption of goods that

The global neurovascular devices market was valued at USD 3.19 billion in 2024 and is expected to experience a steady growth rate, with a compound annual growth rate (CAGR) of 6.01% projected from 2025 to 2030. This growth is being driven by several key factors, including the rising prevalence of neurovascular disorders, ongoing advancements in medical technology, and an increasing shift toward minimally invasive procedures. As the incidence of conditions such as stroke, cerebral aneurysms, and arteriovenous malformations (AVM) continues to rise, there is a growing demand for effective and innovative treatment options to address these complex health issues. Neurovascular devices, which fall under the umbrella of interventional neurology, play a crucial role in diagnosing and treating disorders of the central nervous system (CNS) and brain blood vessels. These devices are primarily used in procedures that involve the brain's vasculature, such as endovascular, catheter-based treatme

The global insulin market was valued at USD 20.35 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 1.5% from 2022 to 2030. The growth of the insulin market can be attributed to several key factors, including the rising incidence of diabetes and ongoing advancements in insulin formulations. However, the market's expansion could face challenges, particularly with the increasing prescription of newer drugs like GLP-1 receptor agonists (RAs), which are increasingly used to treat type 2 diabetes. These newer drugs offer a different approach to managing blood sugar levels and could potentially slow the demand for traditional insulin therapies. The insulin market is oligopolistic, with a few dominant players, including Novo Nordisk A/S, Sanofi, and Eli Lilly and Company, which together control a significant share of the market. Diabetes, one of the fastest-growing chronic diseases globally, continues to drive the demand for insulin. The prevalence of di

The global Contact Center as a Service (CCaaS) market was valued at USD 4.43 billion in 2022, and it is projected to grow at a robust compound annual growth rate (CAGR) of 19.1% from 2023 to 2030. A key driver behind this growth is the increasing prevalence of remote and distributed workforces. As more organizations embrace remote work and establish virtual contact centers, the demand for CCaaS solutions has surged. These solutions enable companies to support their agents in working from any location, providing them with the tools and infrastructure needed to maintain high-quality customer service regardless of where they are based. CCaaS platforms allow agents to remotely access the contact center system, using their personal devices to connect with customers through various communication channels, including phone calls, emails, live chats, and social media. This flexibility is a major factor in the growing adoption of CCaaS technologies across industries. Gather more insights about

The global artificial intelligence (AI) market was valued at approximately USD 196.63 billion in 2023 and is forecasted to experience a remarkable compound annual growth rate (CAGR) of 36.6% from 2024 to 2030. This rapid growth can be attributed to ongoing research and innovation spearheaded by major technology companies, which are driving the adoption of advanced AI technologies across various industry sectors, including automotive, healthcare, retail, finance, and manufacturing. A key factor accelerating innovation in AI is the growing accessibility of historical datasets. As data storage and retrieval costs have decreased, healthcare organizations and government entities are increasingly making unstructured data available for research purposes. This trend provides researchers access to diverse and rich datasets, encompassing everything from historical rainfall patterns to clinical imaging data. The advent of next-generation computing architectures, coupled with access to these exte

The global AI in healthcare market was valued at approximately USD 19.27 billion in 2023 and is projected to expand at a robust compound annual growth rate (CAGR) of 38.5% from 2024 to 2030. A key factor fueling this growth is the increasing demand within the healthcare sector for improved operational efficiency, enhanced diagnostic accuracy, and better patient outcomes. According to a March 2024 study conducted by Microsoft and IDC, 79% of healthcare organizations are already integrating AI technologies into their operations. Additionally, these organizations are experiencing significant returns on investment (ROI), with an estimated return of USD 3.20 for every USD 1 spent on AI, with the payback period averaging just 14 months. AI has the potential to revolutionize several areas of healthcare, including medical imaging analysis, predictive analytics, personalized treatment planning, and drug discovery. These technologies are enabling the industry to move beyond traditional practice

The global sorbitol market was valued at USD 1.66 billion in 2022 and is forecast to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. This growth is expected to be driven by several key factors, most notably the increasing demand for diabetic and dietetic food and beverages. As more consumers shift towards healthier, sugar-free alternatives, the demand for sorbitol—an effective sugar substitute—is anticipated to rise significantly. Sorbitol is commonly used as a sugar substitute in a wide range of consumer food products, particularly those catering to individuals with diabetes or those seeking to reduce calorie intake. This trend is likely to be a major driver of market growth over the coming years. Additionally, sorbitol is gaining popularity in the oral care industry, where it is increasingly used in products like toothpaste and mouthwash. Unlike other sugar alcohols, sorbitol is metabolized more slowly in the body, which means it has less impact on blood suga

The global solar tracker market was valued at USD 4.41 billion in 2022, and it is projected to grow at a robust compound annual growth rate (CAGR) of 26.2% from 2023 to 2030. This growth is largely driven by increasing global concerns about energy conservation and the ongoing transition from non-renewable to renewable energy sources. As more attention is given to sustainability, the demand for solar energy, and by extension, solar trackers, is expected to rise significantly throughout the forecast period. A solar tracker is a mechanical system that adjusts the position of solar panels, using various electrical components such as actuators, motors, and sensors, to ensure that the solar panels are properly oriented to capture the maximum amount of sunlight. This optimal positioning enhances the efficiency of solar energy generation by allowing the panels to concentrate the sunlight and increase energy absorption. The captured sunlight is then converted into electricity, which is utilize