Globally, the kegs market is expected to grow with a CAGR of 5.0% during the forecast period from 2019 to 2027, starting from US$ 780.0 Mn in 2018. The growth of the market is driven by the increasing demand for beer across the globe. Beer is estimated to be one of the most widely used beverages across the globe. As per the American Institute of Public Opinion (commonly referred to as Gallup Inc.), more than 70% of the population in the age group 18-30 consume beers and preferred beer over other alcoholic beverages.
The e-SIM devices market worldwide is expected to grow with a CAGR of 32% during the forecast period from 2025 to 2033. E-SIM devices market worldwide is witnessing rapid growth since the past few years with growth in smartphones market. E-SIM also known as Embedded SIM can be remotely manage multiple mobile network operator subscriptions by complying with GSMA specifications. Remote provision, M2M connections provide seamless and easy mobile connectivity in smartphones. Improved security and convenience offered by these digital technologies over traditional cards has attracted the consumers.
Globally, the folding gluing machines market is projected to rise with a CAGR of 5.4% over the forecast period from 2021 to 2029, starting in 2020 with a market value of US$ 581.8 Mn. Folding gluing machines are mainly used to convert and fold flat sheets of various sizes into various boxes based on the requirement. These machines allow the manufacturer to develop several boxes including the crash-lock bottom, straight-line, pocket fold, and multi-corner boxes. Additionally, the folding gluing machines can also use and process different materials including, micro-flutes, litho-laminates, plastics, solid board, and others.
Globally, the dry vacuum pump market is expected to grow with a CAGR of 5.5% during the forecast period from 2021 to 2029, starting from US$ 6.32 Bn in 2020. The growth of the market is credited to the rising demand in the semiconductor industry. The semiconductor manufacturers are leveraging on the dry vacuum pumps for dry cleaning chips, circuit boards, and other manufacturing equipment. The rapid advancement in consumer electronics products such as smartphone, tablets, digital cameras, and other digital electronics is further accelerating the adoption of the dry vacuum pumps in the market.
Globally, the digital textile printing market is expected to grow by a CAGR of 16.0% during the forecast period from 2021 to 2029, up from US$ 2.24 Bn in 2020. The growth of the market is attributed to the increasing adoption of digitalization in the textile industry. The technological advancement across the world has changed the way the organization operates. Organizations are going through a phase of digital disruption and becoming more ubiquitous to enhance operational efficiency. The printing and textile industry is following the trend and digitalizing their business process.
The global trade surveillance market is poised to reach US$ 4,312.0 Mn by 2033, expanding at a CAGR of 17.8% during the forecast period from 2025 to 2033. By the changing time, trading techniques and topologies have shifted from manual to automatic and algorithmic trading. Such technological advancement has increased the market capacity thereby reducing human limitations.
Globally, the centralized workstation market is estimated to grow with a CAGR of 8.8% through the forecast period from 2021 to 2029, from US$ 12.34 Bn in 2020. The growth of the centralized workstation market is driven by the rising need among organizations to reduce the cost of operation and gain operational efficiency. As the competition across the market players is increasing and the profit margins are reducing, the companies are looking for more advanced ways and business models to reduce the operational cost and gain business agility.
Globally, the blow fill seal equipment market is expected to rise with a CAGR of 6.2% during the forecast period, from US$ 337.3 Mn in 2020. The growth of this market is driven by the increasing demand for blow fill seal technology across pharmaceutical companies across the globe. Pharmaceutical companies are leveraging this technology for the packaging and storage of medicines. The high aseptic packaging nature of the technology along with the high speed of the operation makes it a suitable option for the pharmaceutical packaging.
Globally, the geomechanics software & services market is expected to grow with a CAGR of 15.7% during the forecast period from 2025 to 2033. The market is driven by the growing demand among the oil & gas industry to enhance the performance of the drilling, reduce non productive time, and optimize wellbore contact. Due to the uncertain prices of the oil & gas commodities and increasing competition, the oil & gas companies are looking for more advance ways to reduce the cost of operation and gain operational efficiency.
Globally, the audio communication monitoring market is expected to grow with a CAGR of 16.1% during the forecast period from 2021 to 2029, starting from 2020 with a market value of US$ 1.98 Bn. Audio communications monitoring is defined as reviewing or analyzing the telephonic conversations and transactions, either manually or automatically, various regulated companies perform this monitoring. The audio communication monitoring technology is used by various industries especially by the BFSI industry to extract business intelligence data and make a strategic decision for the firm.
