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Showing posts from October, 2024

The Global Cable Assembly Market is Gaining Momentum driven by Rising Demand for Connected Devices

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  The cable assembly market offers a wide range of cables to interconnect electronic components and devices. Cable assemblies find applications across various end-use industries such as automotive, telecommunication, data processing, industrial machinery among others. They offer reliable transmission of power and data with high level of immunity to electromagnetic interference and are manufactured according to industry as well as custom specifications. The increasing demand for connected devices, electronics miniaturization and automation is driving the need for cable assemblies. The Global Cable Assembly Market is estimated to be valued at US$ 167.40 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the cable assembly market are Amphenol Corporation, Molex LLC, TE Connectivity Ltd., Belden Inc., Prysmian Group, Carlisle Interconnect Technologies, Nexans SA, L. Gore & Associates Inc., Pandui...

The Business Software and Services Market is poised to expand at a significant CAGR by 2030

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  The business software and services market comprises various software solutions that help optimize business processes, manage finances and workforces, and drive better decision making across industries. Solutions such as accounting and finance, human resource, supply chain and operations management, customer relationship management (CRM), and business intelligence allow businesses to streamline their processes, save costs, boost employee productivity, and gain competitive advantages. The Global Business Software and Services Market is estimated to be valued at US$ 525.77 Bn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the business software and services are Acumatica, Inc., Unit4, Deltek, Inc., Totvs SA, Epicor Software Corporation, SYSPRO, International Business Machines Corporation, SAP SE, Infor, Inc., Oracle Corporation, Microsoft Corporation, and NetSuite Inc. These major players are focu...

Building Information Modelling Market in Trends by Digitalization of Construction Projects

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  The building information modelling (BIM) market focuses on providing a digital representation of the physical and functional characteristics of any built asset such as buildings or infrastructure projects. BIM enhances collaboration between project teams and improves overall productivity across the construction lifecycle stages from conceptual planning to operation. BIM also facilitates clash detections in design, cost estimation, scheduling and helps monitor progress during construction. The Global Building Information Modelling Market is estimated to be valued at US$ 9,908.7 Mn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period from 2023 to 2030. Key Takeaways Key players operating in the Building Information Modelling market are Autodesk Inc., Nemetschek AG, Beck Technology Ltd., GRAITEC, Dassault Systemes SA, AECOM, Synchro Software Ltd., Pentagon Solutions Ltd, Tekla Corporation, and Bentley Systems Inc. The increasing demand for advanced constr...

Bug Tracking Software Market is Poised to Grow at a Robust Pace by Increasing Adoption of Agile Project Management Trends

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  The bug tracking software market facilitates software development teams to efficiently manage and track software bugs, defects, errors and non-conformances during the development lifecycle. With features like prioritization, assignment, collaboration and customization, bug tracking solutions help development teams streamline the quality assurance process. T he global bug tracking software market is estimated to be valued at US$ 265.25 Mn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030. Key Takeaways Key players: Key players operating in the bug tracking software market are Airbrake, Atlassian (JIRA), Axosoft, Bugsnag Inc., IBM, Inflectra Corporation, JetBrains, Nulab (backlog), Raygun and Zoho Corporation. These players are focusing on developing innovative solutions and establishing partnerships to meet the growing demand from organizations. Growing demand: The increasing adoption of agile methodologies and DevOps practices among o...

Rising Demand for High-Speed Internet Boosts Broadband Services Market Trends by Improved Network Connectivity

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The broadband services market facilitates high-speed internet connectivity through technologies including cable, DSL, fiber, and wireless. Broadband provides advantages like high-speed data transmission for seamless online experiences. It supports applications ranging from video streaming and conferencing to online gaming and cloud services, fulfilling the rising need for speedy internet among consumers and enterprises. The Global Broadband Services Market is estimated to be valued at US$ 488.10 Billion in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2031. Key players operating in the broadband services are BEC Inc., Comcast, Sprint, AT&T Inc., Charter Communication, Inc., Verizon, CenturyLink, Singtel, Embarq Limited, and Cox Communications, Inc. These companies offer broadband plans with competitive pricing and higher speed tiers to attract more subscribers. However, affordability and availability continue to hinder complete penetration in ...

"Global Increase in Wireless Connectivity Drives Growth in the Bluetooth Speaker Market"

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  The Bluetooth speaker market has experienced strong growth in recent years due to the increasing popularity and adoption of wireless technology. Bluetooth speakers provide high quality sound and volume on a portable device using either built-in or rechargeable batteries. They allow consumers to easily stream music, calls and other audio from smartphones and tablets via a stable wireless Bluetooth connection. The compact size and portability of Bluetooth speakers make them ideal for personal, home and outdoor use. The Global Bluetooth Speaker Market is estimated to be valued at US$ 7,050.0 Mn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period from 2023 to 2030. Bluetooth speakers have emerged as an alternative to traditional wired speakers, offering flexibility of use without being constrained by wires or cables. Improving wireless connectivity standards and network coverage have boosted the adoption of portable, wireless audio devices. Key Takeaways ...

"Battery Rebuild Service Market is in Trends due to Increased Usage of Lithium-Ion Batteries"

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  A battery rebuild service involves complete reengineering and rebuilding of used lead-acid batteries to restore their performance levels near to that of a new battery. Battery rebuild services help in recovering about 80-90% of battery life through mechanical and electrical reconditioning procedures including plate cleaning, recharging, cell-by-cell inspection and testing. Battery rebuild services offer cost savings of up to 60% as compared to replacement with new batteries. The global battery rebuild services market caters to various industries including automotive, UPS systems, telecommunication systems, grid-level energy storage, household batteries among others. The Global Battery Rebuild Service Market is estimated to be valued at US$ 3.90 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Battery Rebuild Service are Battery Solutions LLC, Battery Builders Inc., Battery Service Hub, Th...

Battery Leasing Market is thriving through solar energy integration

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  The battery leasing market provides an environment-friendly and cost-effective energy storage solution to help accelerate the integration of solar and renewable energy. End-users can avoid large upfront capital investments and access battery capacity through a simple subscription model. Batteries are an integral part of the energy storage sector and help capture and intelligently distribute stored solar or renewable energy. They provide backup power during power outages and help reduce dependence on fossil fuel-based peak power. The pay-per-use leasing model has gained popularity as it offers flexibility to consumers without long-term commitments. The global market is driven by the need for affordable clean energy as well as cost savings through reduced electricity bills. Global battery leasing is estimated to be valued at US$ 15.03 Billion in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the ba...

"Barcode Printer Market Poised to Witness High Growth in Trends by Mobile Friendly Printing Solutions"

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  The barcode printer market comprises label printers and industrial printers capable of printing linear or 2D barcodes on various surfaces like paper, plastic films, fabric among others. Barcode printers enable efficient product identification and tracking in manufacturing, retail & e-commerce, transportation & logistics and healthcare industries. The global barcode printer market is estimated to be valued at US$ 3,900 Mn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the barcode printer market are Zebra Technologies Corporation, Honeywell International, Inc., Toshiba TEC Corporation, SATO Holdings Corporation, Avery Dennison Corporation, GoDEX International Co., Ltd., Printronix, Inc., TSC Auto Id Technology Co., Ltd., Printek, Inc., Oki Electric Industry Co., Ltd., and Stallion Systems And Solutions Pvt. Ltd. Growing demand for barcode printers from e-commerce and logistics sector co...

The Rapid Rise of AVOD Services is Fueled by On-Demand Streaming Trends

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  AVOD or advertisement-based video on demand services provide streamed media which is supported by advertisements. These services allow users to stream vast libraries of films and television shows at zero subscription cost. With subscription fatigue among audiences, AVOD services have emerged as a cost-effective alternative to SVOD platforms. They provide accessible entertainment to cater to the growing demand for on-demand video content. The global AVOD services market is estimated to be valued at US$ 28.09 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period between 2023 to 2030. Key Takeaways Key players operating in the AVOD services market include YouTube (Google), Hulu (Disney), Peacock (NBCUniversal), Tubi (Fox Corporation), Pluto TV (ViacomCBS), IMDb TV (Amazon), Roku Channel (Roku), Crackle (Chicken Soup for the Soul Entertainment), Xumo (Comcast), Vudu (Walmart), The Roku Channel (Roku), Popcornflix (Screen Media Ventures), MX Player (Times...

The Autonomous Tractor Market is Transforming Agriculture with Advanced Technology

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  The autonomous tractor market is aimed at transforming agriculture with advanced technology. Autonomous tractors offer several benefits such as precision farming, self-navigation, remote monitoring, and enhanced crop management capabilities. Farmers can maximize productivity and minimize costs using driverless tractors equipped with GPS, sensors, and automation software. The Global Autonomous Tractor Market is estimated to be valued at US$ 1,248.2 Mn in 2024 and is expected to exhibit a CAGR of 23% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the autonomous tractor market are AGCO Corporation, Deere & Company, Mahindra and Mahindra Ltd, Autonomous Tractor Corporation, CNH Industrial, Kubota Corporation, Dutch Power Company (Alamo Group), Yanmar Co. Ltd, Zimeno Inc DBA Monarch Tractor, AutoNext Automation. AGCO Corporation and Deere & Company are the leading players focusing on new product launches and strategic partnerships to gain c...

Automotive Transmission Systems Market is thriving with Increased Production of Electric Vehicles

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  Automotive transmission systems enable smooth and efficient transmission of power from the engine to the wheels. They play a crucial role in transferring torque while allowing the vehicle to maintain different speed ratios. Automotive transmission systems allow gear shifts to occur automatically based on the engine revolutions per minute (RPM) and vehicle speed for better performance and drivability. Manual transmissions give drivers more control over gear selection but lack the convenience of automatics. The Global Automotive Transmission Systems Market is estimated to be valued at US$ 43.40 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period from 2023 to 2030. The automotive transmission market has seen steady growth over the past decade owing to the rising vehicle production globally and increasing uptake of automatics over manuals. Consumer preference for automatic transmissions has been a key factor due increasing traffic congestions in develop...

Automotive Brake System Market is poised to grow by 4.2% over the forecast period of 2024 to 2031

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The automotive brake system market comprises components such as brake pads, brake shoes, brake rotors, brake drums, brake calipers, brake hoses, brake master cylinder, and brake actuator. These components aid in decelerating or stopping the vehicle smoothly and safely. The growing demand for safer braking systems and strict regulatory policies regarding vehicle safety are the key factors driving the adoption of modern braking systems in vehicles. The Global Automotive Brake System Market is estimated to be valued at US$29.9 million in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period of 2024 to 2031. Key Takeaways Key players operating in the automotive brake system are ZF TRW Co., Akebono Brake Industry Co., TVS Brake Linings Co., Brembo SpA, Performance Friction Corporation (PFC) Brakes, Robert Bosch GmbH, Hella Pagid GmbH, Continental AG, Federal-Mogul Holding Co., Disc Brakes Australia (DBA), and Aptiv PLC (Delphi). ZF TRW Co. is a global leader in braki...

Automotive Aluminum Market Set to Propel by Efficient Production of Lightweight Vehicles

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The automotive aluminum market comprises aluminum extruded parts, aluminum rolled products and aluminum cast parts which are widely used in passenger cars and commercial vehicles. Aluminum is gaining popularity in the automotive industry due to its lightweight and highly durable properties helping automobile manufacturers to achieve weight reduction and improve fuel efficiency. The use of aluminum significantly reduces vehicle weight allowing increased passenger and cargo space without compromising safety. With stringent regulations regarding vehicular emissions, aluminum is being increasingly adopted by OEMs for body panels, wheels, transmission parts and engine components. The Global Automotive Aluminum Market is estimated to be valued at US$ 58.33 Billion in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the automotive aluminum market are Alcoa Inc., Arconic Inc., UACJ Corporation, CHALCO, AMG Advanc...