Extended warranty market expected to grow at a CAGR of 6.2% from 2021 to 2029 and reach US$ 59.53 Bn in 2029. Growing penetration of high-end smartphones, tablets and laptops among consumers is one of the primary factors governing the growth for extended warranty market for consumer electronics.
Woodworking machines market is set to exhibit a considerable growth from US$ 4.23 Bn in 2017 to US$ 5.85 Bn in 2026 growing at a steady CAGR of 3.7% throughout the forecast period from 2018 to 2026. Several end-use industries including furniture, craft, building construction, and marine among others extensively use wood in different forms. Woodworking machines are the medium that is used to cut, process, shape and assemble wood into purposeful final products for the aforementioned industries. Woodworking claims a considerable share for more than 60% in the global furniture industry having market value of more than US$ 400 Bn.
The overall enterprise social networks & online communities market expected to demonstrate double digit CAGR during the forecast period from 2018 to 2026, up from US$ 2,562.3 Mn in 2017. Enterprise social networks and online communities have significantly enhanced internal collaboration among the employees due to ease of information sharing and communication.
The global anti-money laundering software market is driven by rising number of financial fraudulent activities worldwide. The market is set to hit US$ 4,173.9 Mn by 2029, expanding at a CAGR of 12.5% during the forecast period from 2021 to 2029. Advancements in technology and consequent improvements in financial services are facilitating prompt and effortless money transactions across the world. On the contrary, these advances have exposed banks and other financial institutions to the risk of money laundering.
The surface acoustic wave (SAW) filters market encompasses the development, manufacturing, and distribution of electronic components that use acoustic waves traveling along the surface of a material to filter specific frequencies of signals. These filters are critical in a wide range of applications, including telecommunications, consumer electronics, automotive, and industrial sectors, where they help manage signal interference and enhance communication clarity.
Patient access solutions comprise the use of components such as software, hardware, and services that offer healthcare IT solutions for doctors or healthcare professionals, hospitals, clinics, insurance payers, etc. The presence of regulatory compliance & government regulations in healthcare, and the globally surging patient base coupled with rising demand for health insurance is expected to majorly drive the market growth. In addition, extensive applications in insurance denial management, favorable government initiatives, declining reimbursement rates in healthcare, and increasing need to curb healthcare expenditure across the world is anticipated to support the market growth.
The global software defined radios market is poised to reach US$ 43.2 Bn by 2026, expanding at a CAGR of 9.2% during the forecast period from 2018 to 2026. With the advent of digital electronics and advances in communication technologies, software defined radios have evolved to meet demand for seamless and reliable communication.
Machine tools market was valued at US$ 83.70 Bn in 2017 and expected to continue growing with a CAGR of 4.5% during the forecast period from 2018 to 2026. The market is highly driven by the consistently rising industrial manufacturing sector worldwide.
Ultrasound contrast agents are used to perform or conduct contrast-enhanced ultrasound (CEUS) procedures. Microbubble contrast agents are small spherical bubbles including three phases such as innermost gas phase, shell material enclosing the gas phase, and outermost gas or liquid phase. These microbubbles have unique ability to respond to ultrasound, hence used for ultrasound imaging and research. These bubbles improve the visualization of blood flow pertaining to the surrounding tissue.
Ever-rising threat of cyber-attacks is observed as the most prominent factor promoting the demand for IoT security solutions. With consistently growing penetration of the concept of IoT, securing the millions of devices in the network has become highly crucial. Emergence of advanced concepts such as Internet of Things (IoT) along with virtual reality are also introducing new threats including IoT-based DDOS, ransomware, thus creating huge need for effective IoT security solutions. IoT MSS market is highly driven by the rising inclination towards cost-effective, scalable and flexible IoT security solutions.
