Global Industry Trends

The testing, inspection, and certification market, valued at USD 234.9 billion in 2024, is projected to reach USD 289.8 billion by 2030, growing at a compound annual growth rate of 3.6%. This growth is driven by the increasing demand for quality products, advancements in healthcare systems, a rise in construction activities, greater adoption of effective and safe TIC methods by enterprises, and the expansion of public transportation systems. The medical & life sciences application category is expected to grow at the fastest rate, exceeding 4% in the coming years. This surge is due to the heightened demand for medical equipment such as ventilators, PPE kits, sterilizers, masks, and oxygen cylinders. Additionally, the food & beverages sector significantly contributes to the industry, primarily due to its stringent requirements for quality monitoring, product lifecycle management, and reliability. The outsourced services category, based on sourcing type, is anticipated to grow at...

  Market Overview: The intubation tubes market was valued at USD 2,727.6 million in 2023 and is projected to reach USD 4,294.4 million by 2030 , growing at a CAGR of over 6.9%. Rising road accidents and trauma are major drivers of industry growth. There has been a notable increase in fatalities due to road accidents in recent years. According to the WHO, road accidents claim around 1.5 million lives annually. These accidents not only cause emotional trauma for the victims’ families but also result in significant economic losses. Major accidents often lead to severe trauma in patients, requiring surgical intervention or immediate treatment, thus increasing the demand for intubation tubes. The SARS-CoV-2 outbreak led to a significant rise in industry revenue, as the pandemic created a surge in patients needing intubation due to respiratory difficulties. Intubation tubes are widely used to provide breathing support to COVID-19 patients. Key Insights: In 2023, the regular category held...

Every company recognizes that consumer satisfaction, as well as loyalty, are the utmost essential parts of their brand. At the same time, customers are innately conscious of the fact that technology has carried them nearer to their preferred brands.  This forms a positive loop of feedback in which brands encourage consumers, and consumers' feedback and opinions form the paths in which companies think, act, as well as react.  Since consumer opinions are important, it’s essential to remember that providing the finest experience is a continuous, ever-evolving aim. Customers today look forward to customized as well as meaningful interactions and engagements. To form these relationships, companies need to put efforts to expand well beyond their consumer's first transaction or purchase. In this, connected enterprise enters the equation. Browse detailed report analysis on  Connected Enterprise Market Size and Share Report, 2024-2030 Understanding Connected Enterprise A connected...

The managed detection and response (MDR) market is projected to reach USD 14,797.6 million by 2030 , growing at a rate of 23.4% from USD 4200.6 million in 2024. This growth is driven by the widespread adoption of IoT and other advanced technologies. The increasing need for real-time data monitoring and the rise in cyberattacks are key factors fueling industry expansion. Network security dominates the market share due to rising cybercrime, heightened demand for sensitive data protection, and the proliferation of mobile devices. In 2022 alone, more than 4,000 data breaches were reported, highlighting the severe consequences such as reputation damage, asset infringement, and identity theft. Effective network security is critical for safeguarding valuable information, especially amidst evolving hacking techniques and the growing adoption of 5G technology, which further underscores its importance. Cloud security is also experiencing significant growth as SMEs and large enterprises expand th...

The logistic automation market reached a value of USD 33.0 billion in 2023 and is projected to grow to USD 61.0 billion by 2030 , with a compound annual growth rate (CAGR) of 9.2%. Automation technology has significantly improved efficiency and management across various industries, offering numerous advantages in purchasing goods. It plays a crucial role in inventory management and the production process. Logistics automation integrates control systems, software, and equipment to enhance operational efficiency. This includes automated storage and transportation systems such as autonomous mobile robots, automated retrieval systems, and robotic arms. These systems offer benefits such as speed, flexibility, improved managerial control, enhanced customer service, and advanced data analysis. They are particularly transformative in transportation management. Businesses can expand their transportation networks and reduce fuel costs through advanced route optimization and continuous monitoring...

In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is anticipated to witness a significant compound annual growth rate (CAGR) of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030 . This growth can be attributed to the rising prevalence of remote working models, favorable government regulations, an increase in online documentation processes, and the cost-effectiveness of e-signatures. Small and medium-sized enterprises (SMEs) are increasingly adopting e-signatures as they eliminate paperwork and reduce document delays, particularly in sales and HR departments. Additionally, administrative tasks are reduced by around 30%, and costs for materials and shipping are eliminated. The adoption of these technologies also creates valuable trading opportunities globally, as they significantly cut travel and HR expenses associated with authenticated documents. The penetration of e-signatures among European SMEs has surged, especially during the CO...