Gmi Research

  Saudi Arabia Dairy Market The Saudi Arabia Dairy Market is anticipated to grow at a r oust CAGR during the forecast period (2020-2027). The factors driving the growth of Saudi Arabia Dairy Market includes growing demand for dairy products in Saudi Arabia, increasing consumers inclination towards adopting healthy lifestyles and rise in the application of dairy products in the local cuisine. According to the report published by Food and Agriculture Organization of Untied Nations, the Dairy products import in Saudi Arabia increased by from 2,524 thousand tonnes in 2019 to reach 2,864 tonnes of milk in 2020, which will boost the Saudi Arabia Dairy Market size in the coming years. Moreover, the increasing awareness about the health benefits of consuming dairy products, easy accessibility of milk products through traditional stores and online platforms and the entry of international players in the Dairy products market, are some of the additional factors supplementing the market growth.

  Saudi Arabia Medical Device Market The Saudi Arabia Medical Device Market is expected to expand at a robust CAGR over the forecast period (2019-2026). The factors driving the growth of Saudi Arabia Medical Device Market includes increasing number of chronic diseases such as Diabetes, obesity and cardiovascular diseases and increasing application of medical devices in screening and testing patients. According to the report published by World Health Organization (WHO), Saudi Arabia ranks in 7 th in the world for the rates of diabetes, around 7 million people in Saudi Arabia are prone to diabetes, which is expected to boost the Saudi Arabia Medical Device Market size in the coming years. Moreover, the increasing Government’s expenditure on improving the healthcare facilities, rising geriatric population, growing adoption of 3D imaging for orthopedic treatments, are some of the additional factors supplementing the market growth in Saudi Arabia. As per Sovereign Group, the Government o

  China Infant Formula Market The Infant Formula Market in China is anticipated to grow at a faster CAGR during the forecast period (2020-2027). The factors driving the growth of China Infant Market includes increase in the woman’s participation in the labor market, rising demand for premium infant formula products and growing emphasis on providing adequate nutritional values to infants. According to the report published by Nutritional Outlook, the market share of premium infant formula products in China has increased from 21% in 2018 to 28% in 2021 and is further projected to expand at a CAGR of 16.3% over the forecast period (2020-2025), which will boost the China Infant Formula Market share in the coming years. Moreover, the increasing acceptance towards infant formulas, rising disposable incomes and rapid urbanization, are some of the additional factors supplementing the China Infant Formula Market size . In addition, the increasing investments by the leading players on researc

  Hyper-Converged Infrastructure Market The Hyper-Converged Infrastructure Market was calculated at USD 7,800 million in 2020 and anticipated to expand at a CAGR of 28.1% during the forecast period (2021-2028). The factors driving the growth of Hyper-Converged Infrastructure Market includes emerging need to modernize the data centers around the world, increase in the number of digital businesses, rising trend of desktop virtualization and growing adoption of hyper-convergence solutions by the end industry users such as Healthcare and IT & Telecom. Moreover, the increasing investments by leading players on Hyper-Converged Infrastructure (HCI) services, growing popularity of Infrastructure-as-a-service and rise in the number of the data breaches across the globe, are some of the additional factors supplementing the Hyper-Converged Infrastructure Market size . According to the report published by Bloomberg, the Global Infrastructure as a Service (IaaS) Market is anticipated to reach

  Pressure Pumping Market The Pressure Pumping Market is expected to grow at significant CAGR during the forecast period (2020-2027). The factors driving the growth of Pressure Pumping Market includes increasing exploration activities in the Oil and Gas Industry, growing energy consumption around the world, growing adoption of hydraulic fracturing techniques and rising demand for robotics in the industrial sector. According to the IEA’s semi-annual Electricity Market Report, the global electricity demand is expected to increase by 5% in 2021 as compared to 2020, primarily in India and China, which will boost the Pressure Pumping Market share in the approaching years. Moreover, the rapid industrialization, advancements in new technologies, increasing application of pressure pumping in well completion and well stimulation and rise in the prices of oil & gas commodity, are some of the additional factors supplementing the Pressure Pumping Market size . In addition, the rising disposa

  Bakery Processing Equipment Market The Bakery Processing Equipment Market is anticipated to grow at a robust CAGR during the forecast period (2021-2028). The factors driving the growth of Bakery Processing Equipment Market includes growing demand for packaged food products such as frozen foods and ready-to-eat meals, rising emphasis on food safety and increasing number of artisan bakeries and quick service restaurants around the world. According to the report published by Bloomberg, the Global Ready-to-Eat Meals Market is anticipated to reach USD 1,471.94 billion by 2028, growing at a CAGR of 5.4% over the forecast period (2022-208), which will boost the demand for bakery processing equipment in the coming years. Moreover, the technological advancements in bakery equipment, favorable Government regulations regarding the manufacturing of bakery processing machines and growing consumption of bakery items across the globe, are some of the additional factors supplementing the Bakery Proc

  Smart Parking Systems Market The Smart Parking Systems Market was estimated at USD 4386 million in 2020 and is predicted to grow at a CAGR of 21.2% over the forecast period (2021-2028). The factors driving the growth of Smart Parking Systems Market includes increasing number of smart cities around the world, rise in the traffic congestion and growing adoption of wireless and digital payment technologies. According to the report published by Statista, the total transformation through digital payments worldwide is projected to reach USD 8.49 trillion by the end of 2022, expanding at a CAGR of 12.31% over the forecast period (2022-2027), which will boost the Smart Parking Systems Market size in the approaching years. Moreover, the growing concerns about noise and air pollution, integration of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) with the smart parking systems and increasing demand for passenger vehicles, are some of the additional fac

  Aluminum Rolled Products Market The Aluminum Rolled Products Market is expected to expand at a remarkable CAGR during the forecast period (2021-2028). The factors driving the growth of Aluminum Rolled Products Market includes increasing application of aluminum rolled products in the end-use industries such as transportation, aerospace and food and beverage and strict regulations in the automotive industry for reducing the vehicular emissions. According to the report published by Bloomberg, the Global Aluminum Foil Packaging Market is predicted to reach US 31.5 billion by the end of 2025, exhibiting a CAGR of 5% over the forecast period (2020-2025), which is expected to boost the market growth in the approaching years. Moreover, the increasing investment on research and development related activities by the leading players, rise in the number of recycled aluminum products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the alumi

  Polyetheramine Market The Polyetheramine Market is anticipated to expand at a remarkable CAGR during the forecast period (2021-2028). The factors driving the growth of Polyetheramine Market includes increasing application of Polyetheramine in automotive & transportation and building & construction industries and growing adoption of renewable energy sources of energy. According to the report published by Bloomberg, the Global Wind Energy Market is anticipated reach USD 287 billion by the end of 2027, growing at a robust CAGR of 24.4% during the forecast period (2021-2027), which is expected to boost the Polyetheramine Market size in the approaching years. According to the Polyetheramine Market Global Industry Analysis , the rapid growth in the manufacturing sector, increasing population growth rates in the developing Countries and rising disposable incomes, are some of the additional factors supplementing the market growth. As per IBEF, the Foreign Direct Investment (FDI) in

  AR and VR Market The AR and VR Market was valued at USD 22,500 million in 2020, growing at a CAGR of 55.7% over the forecast period (2021-2028). The factors driving the growth of AR and VR Market includes growing application of Augmented Reality (AR) and Virtual Reality (VR) in end-use industries such as aircraft, healthcare, real estate and Automotive, growing internet penetration and booming gaming industry. According to the report published by Bloomberg, the Global Metaverse Market is anticipated to reach USD 678.8 billion by 2030, exhibiting a CAGR of 39.4% over the forecast period, which is expected to accelerate the AR and VR Market Growth in the approaching years. Moreover, the increasing investment by Venture Capitalists on VR/AR based start-ups, growing number of consumer electronic devices and increasing demand for AR in the retail and e-commerce sector, are some of the additional factors supplementing the AR and VR Market share . As per Crunchbase News, the around USD 1.

  SaaS Market The Software as a Service (SaaS) Market was valued at USD 153.4 Billion in 2020 and is expected to reach USD 521 billion in 2028, growing at a robust CAGR of 16.5% during the period (2021-2028). The factors driving the growth of SaaS Market includes growing demand for smartphones and tablets, increasing adoption of cloud-based solutions, rising trend of business outsourcing and technological advancements by key manufacturers. Moreover, the increasing application of Software as a Service (SaaS) in the end-use industries such as BSFI, Consumer goods, Healthcare and Education, integration of advanced technologies such as Artificial Intelligence (AI), machine learning and Internet of Things (IoT) and rising penetration of internet, are some of the additional factors boosting the SaaS Market Growth . In addition, the increasing application of SaaS for improving the Customer Relationship Management (CRM), enhancing the Supply chain management, monitoring Product life cycle alo

  Yacht Market The Yacht Market was valued at USD 8,500 million in 2020 and is projected to grow at a CAGR of 5.2% over the forecast period (2021-2028). The factors driving the growth of Yacht Market includes growth in the Tourism industry, increasing demand for luxury Yacht, improvements in the maritime security systems and rising integration of advanced technologies such as Internet of Things (IoT) and Artificial Intelligence (AI) with the existing Yachts. According to the report published by Bloomberg, the Global Luxury Yacht Market is anticipated to reach USD 2.8 Billion by 2031, growing at a CAGR of 8.0% during the forecast period (2022-2031), which is expected to boost the Global Yacht Market in the approaching years. Moreover, the technological advancements in the yacht and growing trend of remote exploring, are some of the additional factors, supplementing the Yacht Market size . In addition, increasing disposable incomes, rapid urbanization and rising investments on research

  Vitamins Market The Vitamins Market is projected to reach USD 9,875 million by 2027, growing at a CAGR of 7.3% during the forecast period (2020-2027). The factors driving the growth of Vitamins Market includes growing demand for nutritionally enriched processed food products, increasing consumption of meat & dairy food products and rising consumers inclination towards adopting healthy lifestyles. According to the report published by Bloomberg, the Global Plant-Based Meat Market is anticipated to reach USD 24.8 billion by the end of 2030, exhibiting a CAGR of 19.3% over the forecast period (2022-2030), which is expected to boost the Vitamins Market Growth in the approaching years. Moreover, the increasing number of chronic diseases such as diabetes and obesity, rise in vitamin deficiencies and growing investments by manufacturers for developing enhanced multivitamin supplements, are some of the additional factors supplementing the Global Vitamins Market . In addition, the growin

  Blowing Agents Market The Blowing Agents Market is projected to grow at a faster CAGR during the forecast period (2020-2027). The factors driving the growth of Blowing Agents Market includes increasing application of polymeric foams in the end-use industries such as Construction and Packaging, growing demand for Low Global Warming Potential (GWP) Blowing Agents and increasing investments on the infrastructure projects around the world. As per the report published by IBEF, India is projected to become the third largest Construction Market by the end of 2022, the Government of India allocated USD 1.89 billion for the Smart Cities Mission and provided additional INR 100 Lakh Crore for the development of multi modal connectivity under the PM Gati Shakti. In addition, the partially foamed products improve the dimensional stability, minimizes the cycle time, and helps in removing the sink marks, are some of the additional features boosting the demand for blowing agents. Moreover, the risin

  Dietary Fiber Market The Dietary Fiber Market was valued at USD 40 Billion in 2019 and expected to grow at a CAGR of 9.1% over the forecast period (2020-2027). The factors driving the growth of Dietary Fiber Market includes growing consumers consciousness towards adopting healthy lifestyles, increasing number of chronic diseases such as Diabetes, Cancer and heart related diseases and growing demand for natural products. As per the report published by Livemint, the total number of cancer patients in India is expected to increase from 26.7 million in 2021 to 29.8 million by the end of 2025. Moreover, the increasing awareness about the health benefits of Dietary Fiber products, rise in consumers spending on personal healthcare products and increasing popularity of bakery and confectionary items, are some of the additional factors supplementing the Dietary Fiber Market share . In addition, dietary fibers help to lower the cholesterol levels, control blood sugar levels, maintain weight a

  Superfood Market The Superfood Market was valued at USD 138 Billion in 2019 and is projected to grow at a CAGR of 5.1% over the forecast period (2020-2027). The factors driving the growth of Superfood Market includes increasing consumers inclination to adopt healthy lifestyles, rising geriatric population, growing demand for packaged food products and the celebrity’s endorsement about the health benefits of superfood on social media platforms. As per the report published by Bloomberg, the Global Packaged Food Market, is anticipated to reach USD 3,407.2 billion by the end of 2030, growing at a robust CAGR of 5.2% during the forecast period (2021-2030), which will boost the demand for Superfood products in the upcoming years. Moreover, the increase in the number of cardiovascular diseases, diabetes and obesity around the world and growing vegan population, are some of the additional factors, supplementing the Superfood Market size . In addition, the rapid urbanization, increasing appl

  Machine Vision Market The Machine Vision Market is expected to grow at a robust CAGR during the forecast period (2020-2027). The factors driving the growth of Machine Vision Market includes growing demand for vision guided robotic systems in end-use industries such as pharmaceutical, automotive, packaging and food & beverage and emerging need for quality inspection and automation. As per the report published by Bloomberg, the Global Food Robotics Market is predicted to reach USD 3.35 billion by the end of 2025, exhibiting CAGR of 13.1% over the forecasted period (2017-2025), which is expected to boost the Machine Vision Market Growth in the approaching years. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI), Industry 4.0 and Cloud Computing and increasing investment in the manufacturing sector, are some of the additional factors, supplementing the Global Machine Vision Market . In addition, rapid industrialization, increasing volumes of da

  Machine Condition Monitoring Market The Machine Condition Monitoring Market is projected to reach USD 3,898 by the end of 2027, exhibiting a CAGR of 6.6% over forecast period (2020-2027). The factors driving the growth of Machine Condition Monitoring Market includes growing adoption of cloud platforms, improvement in wireless communication technologies and increasing number of smart factories around the world. Moreover, the growing application of Machine Condition monitoring in the end-use industries such as Aerospace & Defense and Oil & Gas and the integration of advanced technologies such as Big Data Analytics, Artificial Intelligence (AI) and Internet of Things (IoT) with Machine condition Monitoring systems, are further propelling the Machine Condition Monitoring Market size . As per the report published by Bloomberg, the Global Oil and Gas Analytics Market is predicted to reach USD 48130 million by the end of 2027, growing at a CAGR of 20.1% over the forecast period (20