Explainable AI market is anticipated to grow at a CAGR of 20.9% during the forecast period (2024-2031). The Explainable AI (XAI) market is experiencing substantial growth driven by the regulatory requirements for transparency in AI decision-making, the widespread adoption of AI in different industries, technological advancements, and increasing public awareness. Ethical AI guidelines emphasize fairness, […]
Category Archives: Pharmaceuticals
Travel insurance market is anticipated to grow at a CAGR of 15.4% during the forecast period (2024-2031). The travel insurance market is expanding owing to factors like increasing global tourism. The COVID-19 pandemic has increased demand for travel insurance. Technological advancements and product innovation have made it easier for consumers to compare and purchase policies. […]
5G fixed wireless access market is anticipated to grow at a CAGR of 39.3% during the forecast period (2024-2031). The growth of the 5G Fixed Wireless Access (FWA) market is attributed to various factors, including technological advancements, the increasing need for high-speed connectivity, and cost-effective deployment options. This market segment is particularly developing in densely […]
Mobile satellite services market is anticipated to grow at a CAGR of 6.9% during the forecast period (2024-2031). The global connectivity demand is fueled by remote areas’ need for reliable communication, universal service obligations, and IoT and M2M applications. Satellite services provide essential connectivity, real-time monitoring, and disaster recovery. Technological advancements such as high-throughput satellites […]
Truck platooning market is anticipated to grow at an exponential CAGR of 28.9% during the forecast period. One of the key factors that are fueling the market is the reduction in operating costs. As per Scania, in 2022, the fuel cost books for more than 30% of the operational cost in normal transport operations in […]
Mild hybrid vehicles market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. One of the major factors that are fuelling the market growth is the increasing demand for no-emission or lesser emission vehicles in the market. Vehicles are one of the core factors behind global pollution by emitting harmful […]
The global digestive health drinks and food market is anticipated to grow at a CAGR of 7.4% during the forecast period (2024-2031). Consumers are increasingly shifting towards organic and clean label products that are made of natural, organic, and non-GMO ingredients and deliver functional, plant-based nutrition. Health-conscious consumers are becoming more attentive to product formulation which is […]
IoT in manufacturing market is anticipated to grow at a significant CAGR of 11.6% during the forecast period. The concept of IoT or the ‘internet of things has gained rapid popularity in recent years. The use of IoT in applications across various industries has opened up a huge potential for the companies operating in this […]
Global 3D metrology market is anticipated to grow at a CAGR of 9.2% during the forecast period (2025-2035). 3D metrology enhances the accuracy of inspection and deformation analysis in automotive. Major car manufacturing production lines are adopting advanced 3D metrology solutions to improve quality and more efficient production processes. Techniques such as coordinate measuring machines (CMMs), optical […]
Induction cooktop market is anticipated to grow at a significant CAGR of 9.1% during the forecast period. Induction cooktop offers some of the features such as faster cooking, safety, control options, and others which give it an edge over other cooking options which is fueling the market growth of the induction cooktops. These features have […]