Donald Trump (Republican Party) came out triumphant against Kamala Harris (Democratic Party), Jill Stein (Green Party), and Robert Kennedy (Independent). The results of the US presidential elections were declared on 6th November 2024 officially, after fulfilling the free speech constraints throughout the entire election duration. This marks a second term for former president Trump in a heated election, despite his recent criminal conviction and near-miss in an assassination attempt. The post-COVID-19 economic woes, and an urge to shift from the Biden administration, compelled the voters to connect to the Republican campaigns. In addition, the stark warnings about immigration and a push for isolationist policies lead to the historic return of Donald Trump. However, the Republican win would be pivotal to global economies, in addition to that of the US.
The popularity of startups is growing among Gen-Z, making them the most sought-after career option in present times. However, the initial wave of startups dates back to the Great Recession, which first diverted the earning population towards entrepreneurship. Logistics and advertising startups were prominent in the past, however, 56 diverse industrial sectors are contributing to the growth of startups in the Indian subcontinent. IT services majorly contribute to the trend with a market share of 13.0%, followed by healthcare and life sciences (9.0%), and education (7.0%).
The global Device-as-a-Service (DaaS) emerged as a new player in the global technology market as it shifted how organizations source and maintain their devices. It assists companies in leasing or accessing the required hardware, software, and corresponding services on a set price per contract basis besides requiring a lot of capital at the initial stages. By engaging a DaaS provider, an organization is relieved of the responsibilities of purchasing, deploying, managing, and decommissioning its corporate devices, thus allowing the organization to fulfill its strategic mandate. In turn, the general market of DaaS has developed dynamically owing to the increased demand for further advancement and the flexible and effective characteristics of the IT infrastructure.
The cloud infrastructure market refers to a collective storage area that can access all network devices at a time. Cloud infrastructure is essential for computing resources such as machine storage and networking components with the help of cloud computing models. The cloud and infrastructure services offer flexible and scalable solutions to enable businesses. The rapidly growing provision of resources is based on dynamic requirements. The rising adoption of advanced technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), 5G, Machine Learning (ML), and edge computing. The demand is robust for the cloud infrastructure market to leverage these technologies effectively and move towards innovation.
The automotive driving simulator is a key segment in the automotive market since it provides new opportunities for car designing, driving education, and investigation. These complex systems mimic real-world driving scenarios on controlled circuits and tracks, which gives manufacturers, researchers, and training institutions a means for testing and evaluating without the dangers of road tests. As car technology is evolving rapidly, especially in the ADAS (Advanced Driver Assistance Systems) and autonomous driving categories, simulators are now an essential tool for developing, verifying, and validating such systems. They enable the testing of various situations and potential issues that could hardly be recreated live or can be even dangerous.
The freight forwarding market is a trading system that records the movement of goods across the boundaries. The various components of this market include ships, airplanes, trucks, trains, and others. The freight forwarding market is moving towards the smooth function of logistics, and document handling and ensures compliance with the rules and regulations which makes the shipping process more efficient and cost-effective for businesses. The introduction of globalization, e-commerce growth, and the technological advancement that improves tracking and shipment management are driving the freight forwarding industry. Economic conditions trade policies and geographical factors may have impacted shipping routes, and costs and have a huge effect on the market.
The union Finance Minister (FM) - Nirmala Sitharaman presented the union budget 2024-25 on 23rd July 2024. The honorable minister has given a grip of uncertainty on the global economy. The Indian economy targets 4.0% inflation, keeping it low and stable for the current financial year, with the core inflation at 3.1%. However, the NDA government holds a positive outlook for the Indian economy. The nation subsequently would be focusing on employment, skilling, MSME (Ministry of Micro, Small & Medium Enterprises), and the middle class. The budget thus outlays various incentives, subsidies and policy measures, targeting sustained efforts in alignment with the 'Vikasit Bharat' initiative of the Modi government.
In today’s world digital boundaries seem limitless, and the concept of security and management has emerged as the key to success for many companies. The organizations stepping onto the amazing possibilities delivered by cloud Identity Access Management (IAM), a new expansive area. These intricate technical and user-centric secure technologies and security solutions make the digital identities of people and companies safe and secure. In this constantly developing environment, the integration of biometric identification, multiple factors of identification, and adaptive risk analysis build an adequately secured wall against cyber threats. These sophisticated tools are endowed by the profound elemental powers of AI (Artificial Intelligence) and ML (Machine Learning).
Think about a world where the amount of computing power capable of being accessed is opened with a click, scalability is not a limiting factor anymore, and the siloing of data is a thing of the past. This is the claim of the cloud, the transition that has already enthralled the minds of visionary CIOs (Chief Information Officers) and IT professionals. The journey goes beyond technology adoption and reaches the strategic vision, effective execution, and obsessive dedication to customer value. The cloud migration set the tone as the winds of change rethink the reach of possibilities.
Web Content Management (WCM) is a set of processes and technology that assist organizations in managing the creation, modification, and publishing of digital content for websites. It helps businesses with content production, publishing, and management processes while improving the efficiency and effectiveness of digital marketing and communication. It is composed of a content authoring and editing system, a content repository publishing engine, and a set of collaboration tools. The content editing system provides a user-friendly interface to create and modify the content.
A global Content Delivery Network (CDN) is a geographically distributed server network that speeds up webpage loading for data-contained applications. It relies on catching the tanker release towards copies of files in data centers across the globe allowing access to internet content. Content delivered to the closest server reduces page load times and results in a faster performance web experience by content such as web pages, images, and videos in servers near the location CDNs allow doing things such as watching a movie downloading software checking the bank balance, post on social media or make purchases without having to wait for content to load.
Purpose-built vehicles (PVBs) are designed and constructed for specific tasks or functions, tailored to meet the unique requirements of a particular job or activity. Public reactions to purpose-built vehicles vary, influenced by factors such as functionality, innovation, environmental considerations, aesthetics, and accessibility. For instance, a fire truck is purpose-built for firefighting, with features such as water tanks, hoses, and specialized equipment designed specifically for that task. Similarly, an ambulance is purpose-built for transporting patients, with features including medical equipment, stretcher systems, and emergency lighting. These vehicles are optimized for their intended purpose, resulting in increased efficiency and effectiveness in performing their designated tasks.
Drones are Unmanned Aerial Vehicles (UAVs) that are rapidly transforming the transportation market. It includes enhanced efficiency cost reduction and the ability to reach inaccessible areas. Drones can speed up the delivery process, reducing the time of delivery, and the labor required. Drone logistics and transportation lead to cost savings. It minimizes fuel consumption and reduces the need for large delivery vehicles. The drones can operate in challenging landscapes making them an ideal choice for delivering medical supplies in remote or disaster-stricken areas. The integration of drones into transport networks businesses and government organizations can improve logistics reduce environmental impact and increase the possibility of goods and services.
The global cloud-based simulation application market is a significant change in the organizations’ simulations and modeling strategy. These applications provide a revolutionary solution for industries by utilizing the scalability and on-demand nature of cloud computing for their business needs. Many simulation applications are now based on cloud computing, which means that an organization does not have to invest in expensive hardware or employ people to maintain the equipment. Organizations can rent computational power as needed. Cloud simulation applications help in the manufacturing design and development of products, risk assessment, and simulation modeling and help organizations to experiment, test, and validate hypotheses and models.
Buildings around the globe have become nascent to automation systems and smart technologies to redesign atmospheric intelligence. It is evident from the solutions that there is a new paradigm shift in the design and management of the built environment. These technologies make buildings smart since they can sense what is happening inside and outside, including temperatures, humidity levels, and occupancy rates. Many stakeholders are innovatively demanding new ideals for enhanced facilitation of the built environment, utilizing Artificial Intelligence (AI), the Internet of Things (IoT), and Machine Learning (ML).
The current global market of Price Comparison Websites (PCW) has become one of the key segments of the e-commerce industry, based on which consumer rights and openness of the online shopping process are built. These sites compile information about the products and their prices from different stores and allow the customer to quickly find a suitable offer. E-business increasing consumer expectations and quest for value and convenience have been the main driving forces behind the expansion of the PCW market. These websites have become essential shopping tools for the modern shopper who wants the best deal while at the same time having the benefits of a competitive environment of product and price transparency.
Supervisory Control and Data Acquisition (SCADA) alarm management market is a critical component of the industrial automation industry, playing an essential role in the effective and efficient operation of various processes. SCADA systems are widely used in industries such as oil and gas, power generation, water treatment, and manufacturing to monitor and control multiple processes simultaneously. These systems rely heavily on alarms to notify operators of potential issues or abnormalities, allowing for timely response and prevention of major incidents. As industries continue to adopt advanced automation technologies, the demand for robust alarm management solutions is expected to witness significant growth.
The Programmable Logic Controller (PLC) is an industrial computer control system that continuously monitors the input devices and makes decisions on a custom-based program to control the state of output devices. PLCs will become indispensable for fully automated automobile, steel, energy, and chemical manufacturing processes. In industrial control systems, PLCs monitor and manage the whole building and manufacturing processes and power control. PLCs are designed to meet robust industrial requirements and it is capable of withstanding extreme vibration, humidity, temperature, and electrical noise. The increasing demand for better productivity and sustainability is anticipated to boost the demand for PLC and it will lead to growth in the PLC market.
The integration of sustainability in technology has become increasingly prevalent in public use and innovation. Despite this progress, ensuring sustainable living and development continues to present a considerable challenge. It encounters environmental risks, such as natural resource depletion, pollution, deforestation, e-waste generation, poor air and water quality, and ozone layer depletion. Addressing these challenges is urgently needed. Both businesses and individuals have started to address climate change by implementing sustainable technology. As we move forward, the role of technology in achieving sustainable goals becomes more crucial. The objective of sustainable technology is to incentivize IT companies to develop sustainable products.
The importance of last-mile logistics has increased significantly in recent years due to the rapid growth of e-commerce, evolving consumer demands, and the necessity for efficient and timely deliveries. Covid-19 has also played a part in hastening the rise of last-mile deliveries. In logistics, ‘first-mile’ and ‘last-mile’ delivery are terms used to describe the movement of goods within the supply chain. The first leg of the supply chain journey commences when a customer places an online order, and the retailer takes, packs, and hands the item to the courier. This stage is known as first-mile delivery.
Military antennas play a crucial role in various defense platforms, including naval airborne and land-based systems. These antennas are also utilized in a wide range of applications such as navigation, communication, electronic warfare, and surveillance. The antenna is an essential device that is capable of both receiving and transmitting electrical signals. These signals are typically in the form of television and radio waves. The key function of an antenna is to convert radio frequency into alternating current, thus serving as a translator for these signals.
Biomass is a renewable and sustainable form of energy used to create electricity and power. In the biomass power plant, wood waste and other wastes are burnt to produce steam, which runs a turbine to make electricity. The rising energy and power demand and increased demand for clean energy are increasing the demand for biomass energy. Technology is gaining popularity due to its ability to significantly reduce carbon emissions while producing high-calorific gas from renewable sources. Direct biomass combustion technology holds a significant position in the industry due to its relatively simple operations, high reliability, and lower cost compared to other advanced biomass power technologies.
The Self-Sovereign Identity (SSI) market has emerged as a transformative force in the realm of digital identity management. SSI is a paradigm shift that empowers individuals to have complete control over their personal data and digital identities, free from the constraints of centralized authorities. It assists enhance questions relating to data ownership, control, data privacy, and user’s ownership of the data they provide and the identification construct and employ. It provides a distributed platform for creating, employing, and sharing identities. SSI is the advancement from traditional identity data, blockchain concepts of distributed ledger and cryptography are incorporated in the protection of the data.
Laser cladding is a technique that uses the laser to apply a thin layer of specialized material onto the product surface, to the strength, durability, and resistance to wear, corrosion, and several other physical defects. The technology has wide applications in different fields of industry such as automotive, aerospace, and also oil and gas companies. Laser cladding has been growing due to the post-welding processing, and equipment longevity. Also, the increase in demand for different products made by additive manufacturing, besides the necessity for cost-effective repairing procedures is boosting the demand for laser cladding.
The demand for Electric Vehicle (EV) chargers is steadily increasing, with many public charging stations being owned or operated by private charging network companies. Companies and entrepreneurs are making investments in EV charging stations, recognizing the revenue potential. This trend also includes investments in companies that operate public charging station networks and manufacture EV components. Consumers growing adoption of EVs can be attributed in part to high gas prices and growing concerns over greenhouse gas emissions and global warming. It also reflects the efforts of automakers to expand the number of moderately priced passenger EVs. Electric transportation got a height of support from the infrastructure investment and EV charging infrastructure.
The Internet of Things (IoT) technology is the tool for the solution of health and wellness problems of the present, and blends smart devices, systems, and people using a wide, intelligent network. The revolution is brought about by the introduction of small sensors and the smart devices technology. The IoT is enabling proactive and personalized healthcare, from the wearables that monitor our heartbeats to the implants that check chronic diseases. IoT it also makes the case for virtual consultations and the operation of hospitals accessible by leveraging advanced data analytics capabilities.
The secure logistics industry plays an essential role as a critical guardian of integrity in the modern world where assets are significant and cover significant distances, and supply chains become more multifaceted. It is a vibrant and ever-growing sector that symbolizes the rising hope and the unflagging advancements in technology and development for the consolidation of the basics of business. The secure logistics market has emerged as a helpful supplement for companies in various industries. Secure logistics can address risks in sectors such as cash handling, transportation of valuable assets and other sensitive items.
The Internet of Behaviors (IoB) is an emerging technology that could transform customer service and how businesses interact with customers. The IoB can provide insights to help businesses better understand customer behavior, preferences, and needs by gathering data on how people interact with products, services, and websites. The IoB refers to the technology that combines the Internet of Things (IoT), big data analytics, Artificial Intelligence (AI), along with behavioral science, to collect and analyze data from interconnected physical objects, with insights into human behavior, needs, interests, and preferences.
Barge Transportation is strategic in the international supply chain industry and provides a convenient and proficient service in the transportation of large-volume cargoes through inland waterways, rivers, channels, and coastal lines. Barges are flat-bottomed water vessels that are usually towed or pushed by an empowered water vehicle such as a tug boat. Since they have minimal structure, more room is created to accommodate shipments.
Multi-cloud capabilities are presenting novel opportunities for enterprises in the modern world. They provide the much-desired cloud computing agility and scalability. Companies are utilizing several clouds of varied services from numerous cloud computing vendors. However, the managing and monitoring of these multi-clouds with the diversity of platforms is a challenging and tedious process. This has led to the emergence of the multi-cloud discovery space which is currently offering solutions that will help in the visibility, control, and governance of distributed cloud resources.
The rapid evolution is primarily based on providing effective network management, security as well as and optimization that satisfies the performance thresholds of the modern world. Network analytics solutions enable organizations to supervise, manage, and offer insights on network data through analysis tools. The early network monitoring tools have sparked rapid growth attributed to the rise of cloud computing, IoT (Internet of Things), and 5G technologies, emerging more data traffic and lots of connected gadgets.
It was once the thought to imagine thousands of people getting a ride out of Earth to space for vacation. That has, however, been a subject of debate and fantasy for many people for a long time, but with the recent development in the space tourism business, now it has come to reality. This is so evident given that private companies have already begun to advance in the construction of affordable rockets and superior spacecraft, therefore turning space into a very achievable and adventurous front for those with wallets to explore.
These days, plastic-to-fuel has emerged as a sustainable option which makes it possible to solve the environmental problems associated with plastic waste by transforming it into fuel. The concept is experiencing major growth due to the population’s increasing eco-satisfaction and the demand for alternate fuel sources. Gasification, de-polymerization, pyrolysis, and other processes are employed to turn their wannabe fuels (hydrogen and crude oil) from plastic refuse. The industry is affected by many factors, which can include and consist of pollution of the Earth with plastics, the governmental support for environmentally friendly technologies, as well as the requirement for the solution of the waste-to-energy.
The global predictive analytics market has experienced rapid growth over the recent years. Predictive analytics uses statistical models leveraging technologies such as Machine Learning (ML), to analyze the data in the search for patterns and relationships. The availability of a larger amount of data demands smarter and more economical ways to manage. Some of the specific areas reflecting the application of predictive analysis include risk management, fraud, customer churn, demand forecasting, and predictive equipment maintenance among others.
When talking about the automotive industry and the transition to the era of electric vehicles the automotive E-axle market constituent a major fragment. An E-axle or electric axle is an extensive package encompassing an electric motor, power electronics, and a gearbox all integrated into a structural unit. This emerging technology has the potential of directly powering the wheels of electric and hybrid vehicles without requiring additional processes that are used to convert the stored energy to electricity.
The 3D animation market is one of the most actively developing and promising market in fields that require non-trivial visualization of various concepts and ideas. 3D animation is an essential tool in storytelling, marketing, and education, helping to make characters, objects, and scenes realistically liveable in a three-dimensional world. The practice spans from pop-culture features such as modern movies and video games, popular advertisements, to effective educational tools, the 3D animation is utilized to create new worlds, to provoke certain feelings, or explain complicated information simply and clearly. The technological advancements are promoting, frequent exploration of the horizon of animation.
The individuals these days are on a constant urge for going on adventure traveling, and being liberated from the common and boring ways of traveling the road. This is raising the demand for recreational vehicles that go well with the coarse terrain. These vehicles can be used for both commuting and as a home away from home, making it possible for travelers to go on a trip of their lifetime within a home-like environment. The market of RVs consists of tents, from the small stylish camper vans to the spacious full-size motor homes depending on the budget and traveling style.
Connected mining operations utilize cloud technology, advanced analytics, real-time tracking capabilities, and mobile software to improve industrial mining activities. By incorporating technologies such as, the Internet of Things (IoT), Artificial Intelligence (AI), and data analytics, connected mining allows for the seamless collection, analysis, and utilization of real-time data. This enables mining companies to optimize operations, enhance safety protocols, and improve overall efficiency. As the mining industry undergoes digital transformation, the widespread adoption of connected mining solutions is expected to grow significantly, reshaping and modernizing mining practices globally.
A permanent magnet motor is becoming popular in many fields as it is beneficial for its higher energy efficiency and lighter in size as compared to the conventional electric motor and also requires less maintenance. These motors use permanent magnets from materials such as neodymium and samarium-cobalt and give high torque and power density as well as minimal energy loss. In recent years, the permanent magnet motor has established itself as the go-to solution for electrically operated equipment in industries across the globe due to the advent of sustainable and energy-efficient motor technologies and applications across automotive and industrial automation, renewable energy, and consumer electronics industries.
Online reading platforms provide readers with an extensive and diverse collection of reading materials spanning different genres, authors, and topics. It offers a convenient and flexible reading experience. Several key factors have fueled the proliferation of online reading platforms. The widespread availability of high-speed internet and the ubiquity of smartphones, tablets, and e-readers have made it easier than ever for people to access a vast and diverse selection of reading materials from anywhere at any time, with the increase of internet expansion and the increase in the usage of online reading platforms. These platforms have revolutionized the way of reading and improved the reader’s interactions with books.
Cloud computing is the delivery of technology resources online using the standard Internet model wherein the user is billed on a per-usage basis. It saves time, effort, and expenses as it allows for the payment and utilization of services without buying and maintaining them. Cloud computing services can be categorized into three models, namely SaaS (Software as a Service), PaaS (Platform as a Service), and IaaS (Infrastructure as a Service) which all play a vital role in reducing IT costs and improving work efficiency. Software services are offered under a platform, platform service is offered under infrastructure as a server and infrastructure is the foundation on which the services are built.
Venturing into the rugged and adventurous world of off-road exploration, the All-Terrain Vehicle (ATV) market emerges as a dynamic and thrilling segment within the automotive industry. These steeper and versatile wheeled vehicles are designed to reach out to different terrains at very high speeds and sturdiness have become iconic representations of productiveness and bravado of the spirit of adventure, outdoor lovers, and the grounded working class people. Moving far beyond the realm of recreational toys, ATVs have become firmly planted into the necessary roles, which include agricultural, forestry, and military purposes because their maneuverability cannot be met by other vehicles within the roughest of terrains.
The air freight market has emerged as a critical enabler for companies looking to extend their global presence and enter into new international markets. The increasing domestic and global competition is motivating companies to penetrate multiple economic regions, leveraging the interconnectedness of air-freight facilities to expand their reach and contribute to the development of global trade frameworks. The air freight services industry enables the safe, efficient, and speedy delivery of items ranging from industrial equipment to passenger cargo, driven by population growth. The market growth is also driven by the ongoing trend of outsourcing production activities, which has made the air freight system very necessary.
Android 15 is the latest version of the Android operating system, expected to be released between August and October 2024. The update is internally codenamed "Vanilla Ice Cream" and has been available in beta form for developers since April 11, 2024. Gemini will replace Google Assistant as the default AI assistant. It can be used as a plug-in of other apps for contextual sense, and then one can analyze more detailed information from a long document without forcing it to read through.
The transportation industry is experiencing changes, which are fueled by the extraordinary growth in Battery Electric Vehicles (BEVs). However, the range of concern still arises in regards to the driving range, the upfront cost, or the charging infrastructure. Contrary to the dominant form of transport, BEVs are ecologically minded, coupled with breaking technologies and incentives from the government, which makes BEVs a big disrupter of the traditional auto industry.
Internet of Things (IoT) has led to various advances in the sensor development technology. The IoT platforms use the intelligence and the data collected by a variety of sensors which in turn enables the devices to function autonomously making the whole ecosystem smart. The combination of several sensors and a communication network is the way the devices exchange information and thus they become more effective and offer enhanced functionality. Besides, the incorporation of IoT in sensor technology is also enabling remote monitoring and control of the sensor.
ChatGPT-4. 0 The latest version of OpeaAI’s popular language model, GPT-4, was released in March 2023 with several noticeable enhancements relative to the earlier versions. Being multimodal, GPT-4 .0 can comprehend text also images as the inputs. The model can analyze the image when it is accepted as input in the current process. Furthermore, the current model supports up to 25,000 words of text efficiently enhances visual result scans, and produces lively and interactive responses.
The market of Enhanced Oil Recovery (EOR) has become one of the most imperative segments of the global oil and gas industry. It has become a reliable means to satisfy the growing need for energy and enables the use of each bit of oil available in old wells. When the new conventional oil resources are small, deploying such EOR technologies is key to extending the life of older fields and delivering from untapped fields. It involves the application of these processes which include thermal, chemical, and gas injection techniques considering certain conditions of the geological and oil properties.
The Artificial Intelligence (AI) in beauty and cosmetics is the usage of the latest artificial intelligence and machine learning techniques to the interpretation and understanding of the different parts of beauty and cosmetics to give the optimal beauty matching. The features includes face visualization, a skin problem diagnosis, and the personalized suggestions for skincare and the treatment possibilities are the main reasons for its benefits.
The Electric Vehicle market has offered numerous ways that are reshaping the automotive industry and driving the transition towards sustainable transportation solutions. One key benefit of EVs is their lower running costs compared to petrol and diesel-powered cars, with reduced maintenance expenses due to fewer moving components. EVs emit zero polluting gases, contributing to a cleaner environment and reduced carbon footprint. Owners of electric vehicles enjoy tax benefits, lower road tax, and registration fees, providing financial incentives for EV adoption.
Present times mark the onset of the fourth industrial revolution. However, the economic slowdown experienced across the globe in the past is jeopardizing the esteemed progress towards the Sustainable Development Goals (SDGs). Although, the World Economic Situation and Prospects Report 2024, presents a sobering picture of the global economic landscape, backed by the outperformance of the global economic growth expectations in 2023, simmering geopolitical tensions and the growing intensity and frequency of extreme weather events are concerning the analysts and strategists.
Artificial Intelligence (AI) chatbots are revolutionizing customer service across industries. They keep the businesses connected to their customers across timelines and beyond time constraints. Thus chatbots are being increasingly adopted by businesses to improve customer experience and increase brand loyalty. AI chatbots play a pivotal role in various other business operations such as diverting human resources to core tasks, enabling smart messaging to add value to customer experience, assisting customers to make the right choice, upselling and recouping carts, and increasing personalization.
Artificial Intelligence (AI) is emerging as one of the most spoken-about novel technologies. It is evolving as a transformative force driving productive changes across industries. The boom in AI technology has developed a huge market opportunity for AI chipsets as they offer high-speed processing, low latency, and parallel computing capabilities to support the development and deployment of the AI infrastructure across various industries. AI chips offer energy efficiency, particularly in edge computing and IoT devices, and are suited for setups with power constraints.
Cancer has been one of the most dreaded diseases for years. The National Institute of Health, reported 14,61,427 (crude rate:100.4 per 100,000) number of incident cases of cancer in India for the year 2022. One in nine people in India is likely to develop cancer in his/her lifetime. Lung and breast cancers were found to be the leading sites of cancer in males and females, respectively. Children aged 0-14 years are more likely to suffer from lymphoid leukemia, with boys exhibiting a 29.2% incidence rate as against 24.2% for girls. Considering 2020, the incidence of cancer cases is estimated to grow by 12.8% by 2025.
Artificial Intelligence (AI) has made significant strides in recent years. Technology is redefining multiple industries including creation. The launch of AI tools such as ChatGPT, OwlyWriter AI, Dall-E, and more is redefining content creation. However, the processing of these AI algorithms requires advanced chips for efficient computing. AI algorithms are primarily based on Machine Learning (ML) and Deep Learning (DL) capabilities, which require a huge number of cores and Graphic Processing Units (GPUs) to work efficiently.
The Finance Minister Nirmala Sitharaman presented the interim budget on 1st February 2024. The budget is aimed at transforming India into 'Vikasit Bharat’. FM highlighted the budget focuses on four major pillars of developed India including, youth, poor, women, and farmers. In his prior budget address PM Modi announced that the budget would be driven by 'Nari Shakti'. Additionally, in her budget speech, the FM emphasized on social justice and inclusion.
Finance Minister (FM) Nirmala Sitharaman presented the interim budget- a short-term financial plan on February 1, 2024, in the parliament. The full budget would be presented by the new government, in July, after the Lok Sabha polls. The interim budget is the balanced budget and seeks Parliament's nod for a grant in advance to meet the government's essential expenditure for the first four months of the new financial year. In her speech, the FM confirmed the budget's focus on the four major pillars of developed India namely, the young, poor, women, and farmers.
In January 2024, the FDA achieved a significant milestone by approving two pivotal drugs for cancer treatment. On January 12, pembrolizumab (Keytruda, Merck), in combination with chemoradiotherapy, received FDA approval for the treatment of FIGO 2014 Stage III-IVA cervical cancer. This was followed by the successful approval of erdafitinib (Balversa, Janssen Biotech) on January 19, a drug designated for use in cases of locally advanced or metastatic urothelial carcinoma.
Keytruda surpassed Humira to become the leading product in 2023. The Comirnaty COVID-19 vaccine, which had previously displaced Humira in 2022, experienced a significant decline in sales during 2023. The introduction of biosimilars targeting AbbVie anti-rheumatic in the US in January 2023 contributed to the decline in sales for the year.
Finance Minister Nirmala Sitharaman is set to unveil the Budget 2024 on February 1. However, economists are suspicious that the interim budget would be used as a tool of political messaging, highlighting the government's commitment towards inclusive growth, and adopting a cautious approach towards spending.
In the present landscape, digital twins are arising as a groundbreaking paradigm to revolutionize process and innovation. Predictive maintenance held the largest share of the digital twin market in 2023, however, the technology is now expanding its realms to various domains, from healthcare to smart cities. Healthcare is anticipated to exhibit the highest growth in the years to come.
When a person thinks about health, they consider it as a personal phenomenon. However, it is not as simple as that. Family, society, income, expenses, status, recognition, education, and healthcare, among others, play a very vital role in affecting an individual’s health. That’s where the concept of Social Determinants of Health (SDOH) arises where it links the gap between the effects of social factors on health outcomes.
The time span of 2000- 2020 is primarily referred to as the drug shortage era, however the problem is still pertaining to the post-COVID-19 era. The frequency of drug shortages have caused numerous difficulties for clinicians, healthcare facilities, patients, and federal regulators in the recent years. The consequences of COVID-19 have further exacerbated the situation. Drug shortages are caused by many factors, including difficulties in acquiring raw materials, manufacturing problems, regulatory issues, supply chain discrepancies, and business decisions.
Digital signage, sometimes called electronic signage, refers to display technologies like LED walls (or video walls), projection and LCD monitors to vividly display webpages, videos, directions, restaurant menus, marketing messages or digital images. Digital signage functions in different settings — public spaces, museums, sporting arenas, churches, academic buildings, retail stores, corporate spaces and restaurants — to offer wayfinding, messaging, marketing and outdoor advertising.
Artificial Intelligence (AI) has the potential to address some of the biggest challenges in education today, innovate teaching and learning practices, and accelerate progress towards SDG 4. According to a Forbes article published in March 2023, generative-relevant use cases of AI in the education industry already present a significant enterprise opportunity, with an estimated market of $2.6 billion in 2023 which is expected to grow at a rate of 32.0% until 2026.
A Contract Manufacturing Organization (CMO) is a company that manufactures a pre-formulated drug, whereas a Contract Development and Manufacturing Organization (CDMO) is a company that handles everything from pre-formulation and formulation development to clinical trials and production. The pharmaceutical manufacturing process is demanding. Research and testing take years and manufacturing safe and stable drugs is an enormously costly venture.
Generative artificial intelligence is an AI technology that is capable of creating synthetic data and content including text, imagery, and audio among others. All of this can be done in a few seconds. Generative AI was first introduced in the 1960s in chatbots, however, it was not until 2014 that it gained popularity with the introduction of a machine learning algorithm known as Generative Adversarial Networks (GANs).
With big competitors like Flipkart, Amazon, and Tata dominating the industry, the Indian e-commerce scene has experienced exponential expansion in recent years. Nevertheless, under the surface of prosperity, there is a troubling pattern as most of these business giants are struggling with losses year after year.
Unmanned Surface Vessels (USVs) are redefining the way we approach oceans. They are primarily reconceptualizing voyage planning, overseas communication, navigation, and naval defense competencies and strengthening our national borders among various other applications. They roam the ocean's surface to collect information including oceanographic and atmospheric data as well as intruders' activity. USVs do all this without a human aboard. This is leading to the increasing demand for the same.
Artificial Intelligence (AI) is rapidly developing, and becoming much more accessible and affordable. AI and Machine Learning (ML) are evolving at a brisk pace, influencing all the major industries including aviation. The aviation industry has taken huge feats owing to the advancement of technology. This has made air travel safer and more efficient.
The consumer market for wearable devices is increasing steadily. Wearables are small electronic and mobile devices or computers with wireless communication capabilities incorporated into gadgets, accessories, or clothes, which can be worn on the human body. There are also invasive versions of the wearables such as micro-chips or smart tattoos.
In recent years, the demand for eco-friendly oral care products has been on the rise in India and across the globe. Consumers are increasingly seeking alternatives to conventional toothpaste tubes that often end up as plastic waste in our oceans and landfills. One such innovative solution gaining traction is toothpaste tablets. In this news article, we will explore some recent developments in the toothpaste tablet market, highlighting key developments and products that are changing the way we approach oral hygiene.
In today's technology and automation-driven world, the self-service technology market is evolving and growing at a fast and steady pace. Because of this, small and large businesses globally are harnessing the power of automation and artificial intelligence to provide more efficient and convenient services to their customers. In this news article, we will take a look at some recent developments in the self-service technology sector.
The smartphone market has witnessed spectacular growth for over a decade. Past research highlighted the significance of smartphones in the global tech cycle. The smartphone industry has a complex and evolving supply chain across Asia, changing the export and growth performance of several countries. Smartphones have become a key metric of global trade, as they have become the main computing platform for many people around the world.
AI is becoming a common field in space exploration. The human living in space needs sophisticated tools, and AI can potentially help in the development of effective implements and intelligent machines. Technological development has not only assisted in the evolution of computer applications that help in data processing during space programs across the globe, but the developed software will also be used in every aspect of space settlement through advanced intelligence.
The vast expanse of space remains uncharted, and the immense distances involved in space travel engender multiple challenges including life-threatening extreme temperatures, ultra-vacuum, atomic oxygen and high energy radiation, making it impractical for humans alone to exploit these unprecedented opportunities. Thus, AI can be used to effectively address these challenges assisting mankind to expand their space knowledge by venturing further into our galaxy.
The early 1990s marked the introduction of computational finance which focused on applying Artificial Intelligence (AI) to financial investments in the stock market. It currently extends to three broad areas of finance including the optimization of financial portfolios, prediction of future prices or trends in financial assets, and sentiment analysis of news or social media comments about the assets or companies.
Extended Reality (XR) is the combination of human and computer-generated graphics interaction, which is in reality as well as the virtual environment. XR allows people to visit places virtually, feel the same as they are present at that place, and interact with other individuals. Many science-fiction movies have used the concept of Extended Reality (XR) but operating it in the real world is very different than in the reel world. However, XR is stretching its wings to multiple industries and redefining procedures.
In an era where technology drives every aspect of our lives, the demand for skilled IT professionals is on the rise. From software developers to computer specialists, the tech industry is booming, and with it comes the necessity for qualified individuals who can keep up with its rapid evolution. To equip individuals with the required skills, and to fulfill this ever-increasing demand, IT Training plays an instrumental role.
The Hyaluronic Acid (HA) market has witnessed significant developments and launches in recent times, this is due to an increasing demand for this acid. This demand is due to its remarkable hydration properties, which contribute to its growing importance in various industries. Hyaluronic Acid has found applications in a wide variety of industries and applications such as skin care, cosmetic enhancements, and medical treatments. In this article, we will take a look at recent developments surrounding Hyaluronic Acid.
In the ever-evolving world of digital technology, Photronics, Inc. has displayed remarkable resilience in its third-quarter performance for 2023. Despite facing industry challenges, the company continues to stand out as a leader in the FPD (Flat Panel Display) Photomask market. In this article. We’ll gain insights into Photronics' performance and significance within the FPD Photomask industry, highlighting its ability to maintain strong margins in a volatile market.
The demand for oral and dental probiotics is rapidly growing, particularly in India, where health-consciousness is on the rise. In this in-depth article, we will explore recent developments in the oral and dental probiotics market, highlighting their benefits, applications, and how they cater to the ever-growing demand for healthier teeth and gums.
The used car market is experiencing a remarkable transformation in India and across the globe, with growing demand in a highly competitive and budget-oriented landscape. It’s common for practicality to take priority over luxury, which makes it easier for people to acquire second-hand vehicles. In this article, we will look at some recent news surrounding the used car market and gain a comprehensive overview of the current state of this market in India.
In the ever-evolving landscape of the automotive industry, microcars, and electric vehicles (EVs) have grown to fame at the forefront of innovation and are expected to be the norm. This boom in the development and usage of microcars is in response to the growing demand for sustainable transportation solutions, and with increasing rates of traffic, these compact-sized vehicles are gaining immense popularity.
Festivals are not just about traditions, fun, and food anymore in India as with changing times they have become a sign to buy new things at the most affordable prices from online shopping platforms. The Indian e-commerce sector has witnessed explosive growth in recent years. Key events such as the 'Big Billion Days’ by Flipkart and the 'Great Indian Festival' by Amazon have played a significant role in driving this growth.
The Fullerene market, once a niche field, has been rapidly evolving with groundbreaking innovations and trends in recent years. According to a research report by OMR Global, the Global fullerene market is projected to reach $830.0 million in 2030 from $445.0 million in 2022, growing at a significant CAGR of 8.2% during 2023-2030.
The popularity of fantasy sports is increasing among the youth. Fantasy Sports are digital sports engagement platforms, based entirely on real-life sports matches. The users build virtual teams with proxies of real players participating in an upcoming match or match-day and compete on real-world statistical performances of these players, based on one complete officially sanctioned sports match. The better their players perform, the more points are added to the user’s account. This allows the users to emulate the role of a coach or a manager of a team, with the power to drop, recruit, or trade a player of their choice. The teams are frozen, and the changes are locked before a match kicks off.
The use of AI is increasingly evident in various aspects of the healthcare industry including surgeries, automation, precision therapeutics, and remote clinical trials. It has also expanded its scope to medical adherence. If the patient does not adhere to the prescriptions, the efficiency of the whole system would be at stake. But, in today’s challenging lifestyle which demands activity round the clock, following the prescription schedules is better said than done. Further, the complexity of the schedule increases with the patient’s age or health condition.
In today’s technology and sustainability-driven world, a rapid growth in the demand for sustainable transportation can be observed. These factors combined with a demand for ease of maneuverability in congested urban areas have led to the emergence of electric microcars which have positioned themselves as a frontrunner in addressing both these concerns. These compact, eco-friendly vehicles are not confined to the bustling streets of European cities but are also making waves on picturesque beachfront and remote islands. In this news article, we will take a look at some of the recent developments in the microcars market.
Fire alarms have always played a crucial role in ensuring the safety of people and property in various infrastructures across the US. Recent developments in this field have highlighted the need for modernization and improvement in fire alarm systems, and how it is driving growth in the fire alarm market in the US. In this article, we will explore some recent developments and news related to the US Fire Alarms Market.
Artificial Intelligence is contributing to the various aspects of the healthcare industry. The domain is subject to extensive research for the sole purpose of overall development of the healthcare industry that would be more potent to fight against physical and mental challenges facing the population. Natural Language Processing (NLP) is one such technique of deep learning that shells out various capabilities of AI in fields of data management, clinical trials, and calculated medical decision-making.
AI is increasingly becoming omnipresent across the entire spectrum of the healthcare industry, including the 5 Ps: payer, provider, policy maker/government, patients, and product manufacturers. AI leverages sophisticated computation and inference to generate insights, enables the system to reason and learn, and empowers clinician decision-making through augmented intelligence.
Robotic surgery is taking the surgical profession by storm. The most widely used clinical robotic surgical system includes a camera arm and mechanical arms with surgical instruments attached to them. It enhances precision, flexibility, and control during the operation and allows them to better see the site, compared with traditional techniques. But, Robotic surgery is still in its infancy and its niche has not yet been well defined.
The effects of AI are evident across industries and sectors. With its incredible applications, AI is slowing paving its way to the healthcare industry. The healthcare industry accounts for 11% of global GDP or $9 trillion annually. AI in the healthcare market is predicted to grow from $14.6 billion in 2023 to $102.7 billion by 2028. According to data by NASSSCOM (National Association of Software and Service Companies), AI has the potential to add about $25 billion to India’s GDP by 2025. According to a report by World Economic Forum, the expenditure on AI in India is expected to reach $11.7 billion by 2025 and add $1 trillion to India’s economy by 2035.
In a groundbreaking collaboration that has set the tech world abuzz, Reliance Industries, India's largest conglomerate, has joined forces with NVIDIA, the global leader in artificial intelligence (AI) and graphic processing units (GPUs), to usher in a new era of AI innovation on the Indian subcontinent. This ambitious partnership aims to build state-of-the-art AI supercomputers, promising to accelerate India's journey towards becoming a global AI powerhouse. In this article we will delve into not just deal of Reliance-NVIDIA but more developments happening around the industry in Indian market.
The National Security Advisors (NSAs) of the US, India, and United Arab Emirates (UAE) met the Crown Prince of Saudi Arabia, Mr. Mohammad Bin Salman in Riyadh on 7th May 2023, with a motive to expand the infrastructural connectivity in the region. They also focused on facilitating the normalization of Saudi’s relations with Israel.
On August 16 2023, Israel-based connectivity solutions company Silicom announced that they’re working on a new product line of high-end edge products. This product line will focus on developing highly powerful edge computing platform and solutions for Silicom’s customers and strategic prospects, with the goal of providing them with seamless solutions across a wide variety of domains such as cybersecurity, AI and much more.
Earlier in the year, the skincare company ARCTIVA shared that it has developed a revolutionary new formulation of over-the-counter and steroid-free skincare products that could be greatly beneficial for the dermatological conditions of Eczema and Psoriasis. This new product lineup by ARCTIVA combines its proprietary glycolipid technology HYDROSURF with natural ingredients, including FDA-approved ingredients such as salicylic acid and colloidal oatmeal to bring a steroid-free and medicated skincare solutions to people suffering from psoriasis and eczema.
On August 16th, 2023 – South Korean vegan-meat company UNLIMEAT announced that they’re partnering with the US-based vegan-egg brand JUST Eggs to create and launch a new menu of vegan and plant-based solutions in South Korea. This launch comes after the dedicated efforts of both brands in bringing vegan and plant-based solutions to South Korea and the United States respectively, wherein there’s an incline in the number of people who are switching to a vegan, plant-based and flexible diet.
In the fast-paced landscape of the kitchen appliances industry, significant developments are taking place every other day. Recently, these developments have been going even further with technologies such as AI taking centre stage, offering a glimpse into the future of how culinary convenience and efficiency can be obtained with the integration of advanced tech.
The rising demand for electronic gadgets and new technologies has contributed to the globally flourishing semiconductor market, as semiconductors form the backbone of the electronic and technical spaces. Semiconductors are used in consumer electronic devices (such as diodes, transistors, and integrated circuits), embedded systems, thermal conductivity, lighting and LED displays, solar cells, designing transistors, automobiles, and more. Due to their multiple applications semiconductors has a huge market that is monopolized by a few organizations at present and one of the finest way to exploit this opportunity is by conducting custom research in the semiconductor industry.
In recent news, coming from the 15th BRICS summit happening in Johannesburg, South Africa, BRICS has invited six new countries to join including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and UAE. There has been debate happening around the expansion of BRICS for quite some time now between Brazil, Russia, India, China, and South Africa and finally, all have agreed to the expansion. The new membership will be effective from January 1, 2024.
The difference between two organizations often lies in their strategic formulations. The way an organization plans its practices and policies often affects its market standing. The guideline to an optimized if not ideal strategic setup is thorough knowledge of the market, industries, national and global environment, technological changes and last but not the least the organization itself. This is where the importance of a good research lies. These researches can be general research conducted by a market research organization (syndicated research) or a study performed to study product, process or department of a particular organization (custom research).
The ambitious lunar project Luna 25, spearheaded by Russia, has recently suffered a significant setback with its unexpected crash. This unfortunate event has raised concerns and significantly affected the decade-long mission. In this blog post, we will delve into the importance of the Luna 25 project, highlight the unique aspects of the task, examine the reasons behind the crash, repercussions of the recent boom, and discuss the future prospects of Russia's lunar exploration endeavors.
Exploration has always been at the core of human ambition, and space exploration continues to captivate our imagination. We will take an in-depth look at the exciting Chandrayaan-3 mission and how it aims to uncover the wonders of the Moon and beyond. The exploration and significance of Chandrayaan-3 are not limited to space, but on Earth, various industries and sectors will benefit from it. So let’s get ahead with the blog and discover the magic of Chandrayaan-3.
The UK aviation market is a complex and constantly evolving industry that plays a crucial role in the country's economy. In recent years, the industry has faced various challenges, such as Brexit and the COVID-19 pandemic, which have significantly impacted air travel and the overall aviation landscape. As we navigate through these turbulent times, it is essential to understand the current state of the UK aviation market and the potential opportunities and challenges. This article examines the key trends, regulations, and market dynamics shaping the UK aviation industry in 2023.
In the news, Apple's upcoming iPhone 15 is moving its production to Tamil Nadu, India. Apple's Foxconn has started the production of a new iPhone in India to avoid supply chain vulnerabilities. With this, Apple is also planning to diversify their production units to reduce the dependency on China.
On August 16, 2023, Stuffed Puffs announced the launch of their new product line ‘BITES’. BITES, as the name suggests, are bite-sized marshmallow snacks that have been launched across stores in the United States. This launch is another exciting part of Stuffed Puffs' ongoing efforts to revolutionize Marshmallow based confectionaries.
On August 16th, 2023, Idahoan Foods, a US-based company with expertise in creating packaged potato products, announced a new addition to its product lineup – the Idahoan Potato Shreds and shared the newest addition to their Mashed Potatoes lineup.
Precision medicine, also known as personalized medicine, is part of a medical treatment plan that is developed to meet an individual’s unique healthcare needs based on their symptoms, genotypes, lifestyle, and medical history. These personalized treatment plans not only help in better treatment but also provide a greater chance of timely prevention.
The use of total organic carbon (TOC) analyzers is essential to ensure that the carbon levels are regulated. These analyzers are commonly used on an industrial scale to monitor the quality of liquids, mostly water. This is done to maintain the required quality of water required in various types of applications and usage and to stay in compliance with the standards set by the government and regulatory bodies.
In an era of digital transformation, the global cloud computing market has emerged as a driving force behind the technological revolution. With businesses and individuals alike seeking scalable and efficient solutions, cloud computing has become an indispensable tool. The cloud computing market continues to experience exponential growth, fueled by the need for flexible and cost-effective IT solutions.
On August 3rd, 2023, Qualcomm Technologies, Inc. announced they’re joining hands with the Hyundai Motor Group (HMG) for a technical collaboration. This collaboration aims to bring Qualcomm’s latest version of AI-based technology – Snapdragon Automotive Cockpit Platform to HMG’s upcoming Purpose-Built Vehicle (PBV), providing a seamless infotainment system.
In 2022, Prime Minister Narendra Modi and the Indian government launched the India Semiconductor Misson, which aimed to promote semiconductor design, manufacturing, and innovation in India. The successful integration of which would make the country a leader in the electronics manufacturing space.
The global energy landscape is transforming towards cleaner and more sustainable alternatives. One technology gaining significant traction in this movement is stationary fuel cells. These energy conversion devices offer a promising solution to reducing carbon emissions and meeting energy demands in various sectors. This article will use accurate government data and official sources to explore the current state, trends, and developments in the stationary fuel cell market.
Since the invention of the first car in 1886, there have been many developments in the automobile industry. Today, 136 years later, whether it’s a flyover in LA or the streets of Mumbai, you can spot hundreds of large-built and roaring automobiles dominating roads across the globe.
With the development of 3D printing technologies and its evolving capabilities, the 3D Printing Market was expected to grow at a fast rate across various sectors. One such sector in which the use of 3D printing was expected to grow at a remarkable rate was dentistry.
On October 1st, 2022, Indian Prime Minister Narendra Modi announced and commenced the launch of 5G Networks in India, highlighting its countless benefits across various sectors. Today, more than 3500 cities and towns in India have access to the 5G network. There are many strives made by Airtel and Jio, the only two 5G providers in the country as of now.
The AI in Healthcare Market has experienced substantial growth, driven by the increasing prevalence of complex diseases, rising demand for precision medicine, and advancements in machine learning algorithms. According to a report by OMR, the market is projected to grow by a CAGR of around 51.5% during 2021-27. Due to this rapid growth, all the categories where AI is applicable in healthcare, such as Diagnosis, Biomarkers, Virtual nursing assistance, Drug Discovery, and Others, are also observing high growth of AI in the application.
Over time, wireless communication has developed tremendously with the development of countless types of wireless devices, networks, and technologies. Today, we’re at the stage where with just one tap, you can connect to anyone across the world. However, even today, technological advancements are being made at a rapid speed.
On August 3rd, 2023, Gautam Adani, founder, and chairman of the Adani Group announced that the Adani Group’s Ambuja Cement has officially acquired Sanghi Cement.
CGTech released the latest version of their CNC Software – VERICUT 9.4. This version of Vericut brings about a wide variety of new features and improvements, aimed to provide greater efficiency and better connectivity.
The world is suffering from the energy shortage and this is affecting the overall productivity of different sectors. The scrutiny of the alternatives needs to be done to increase the production of energy all around the world. The development of renewable energy sources such as wind power can help resolve the issue and the world is seemingly moving in a similar direction. It can be seen from the data from International Energy Agency (IEA), globally; a 77.6 GW new wind power plant has been installed bringing a total of 906 GW in 2022.
On 25th July 2023, the biopharmaceutical company Tarsus Pharmaceuticals shared that their anti-parasitic eye drop Xdemvy (lotilaner ophthalmic 0.25%) has been approved by the US Food and Drugs Association (FDA).
On July 31st, 2023, GSK – a global pharmaceutical company shared that their anticancer medication Jemperli (Dostarlimab -glxy) has been approved by the US Food and Drug Administration (FDA) for use in combination with chemotherapy drugs paclitaxel and carboplatin.
India is one of the biggest hubs for the E-commerce industry. Companies like Amazon and Flipkart have been enjoying a duopoly in the Indian e-commerce market ever since Alibaba got banned in India. Many other companies in the sector, like Nykaa, Reliance Digital, Tata CLiQ, Myntra, Meesho, and IndiaMART, are expanding their market share in the Indian e-commerce market. The growing Indian e-commerce industry is creating enormous opportunities for large e-commerce players to cater to the industry's growth.
Upon the termination of the deal between Vedanta and Foxconn, concerns arose globally about India's standing in the semiconductor development industry, with many asserting that progress had backslided due to the difficulty in securing new investments. However, India has addressed these apprehensions with a recent announcement of a substantial investment in the semiconductor industry.
The global Toy Market has been long dominated by video games, consoles, and Legoes and it somewhere still does but also the shift of the global Toy Market towards Science, Technology, Engineering, and Mathematics (STEM) Toys should be noted. The major reason behind the change is the growing awareness of education while playing. With the help of STEM Toys, a kid can learn important science/math concepts while enjoying it. In a report by OMR, the Global STEM Toy market is projected to grow by a solid CAGR of 7.1% during 2021-27.
The automotive industry in India is one of the key contributors to the economic growth of the country. India is predicted to become 3rd largest automotive market by 2030. India’s annual production of automobile including tractor, bus, heavy-truck, passenger vehicles, three-wheelers, two-wheelers, and quadri-cycles was 22.93 million vehicles in FY22. The automotive industry is accounted for 6.4% of total GDP and 35% of its manufacturing GDP. With the high growth of Indian automotive industry now the target for export has increased by five times during year 2016-26 and during FY22 the export by automotive industry was recorded 5,617,246 units (IBEF.org, 2023).
With growing fossil fuel prices and energy security concerns, the global power crisis is growing severely and encouraging the world to fasten the development towards renewable energy sources such as solar, wind, and hydro. According to a report by International Energy Agency (IEA), solar energy is ready to record the largest annual growth in new renewable energy capacity ever.
Artificial Intelligence (AI) is one of the most discussed revolutions of the current global scenario. It is bringing big changes in every industry all around the world. AI with new technologies, regular updates and consistent innovation is helping industries to break all the conventional working processes and bringing more accuracy and credibility to the global market.
On June 28, 2023, Pfizer Inc. and OPKO Inc. announced that their growth hormone NGENLA (somatrogon-ghla) has finally been approved by the US Food and Drugs Administration (FDA) for a once-a-week dosage to treat pediatric Growth Hormone Deficiency (GHD). Last year, the FDA approved NGENLA for marketing, however, they did not provide approval for usage.
On June 15, 2023, Roche’s independent subsidiary and biotechnology company – Genentech, announced that their bispecific antibody Columvi (glofitamab-gxbm) has been given accelerated approval by The US Food and Drugs Administration (FDA).
On July 17, 2023, it was announced by the U.S. Food and Drug Association have approved Sanofi and AstraZeneca’s jointly developed medicine Beyfortus (nirsevimab-alip) for the prevention of Respiratory Syncytial Virus (RSV) lower respiratory tract disease in newborns and infants.
On June 27, 2023, UCB - A multinational biopharmaceutical company based in Belgium announced that their Rystiggo (rozanolixizumab-noli) has been approved by The US Food and Drug Administration (FDA) for the treatment of adult patients with Generalized Myasthenia Gravis (gMG) who are positive in the antibody anti-muscle-specific tyrosine kinase (MuSK) or anti-acetylcholine receptor (AChR).
On July 20, 2023, Daiichi Sankyo Company, Limited – a global pharmaceutical giant, announced that for the treatment of adults with newly diagnosed FLT3 - ITD Positive Acute Myeloid Leukemia (AML) - an inhibitor, VANFLYTA (Quizartinib), has been approved by The US Food and Drugs Association in combination with anthracycline induction, standard cytarabine, and cytarabine consolidation, and as maintenance monotherapy following consolidation chemotherapy.
Agriculture is one of the most crucial industries for the economic growth of the world contributing 4% of the world's total GDP. Many developing and underdeveloped countries are dependent on the revenue that comes from agriculture and it can be accounted for more than 25% of their GDP (WorldBank.org, 2023).
The semiconductor market globally is seeing an increase in sales and revenue due to increasing demand for semiconductor supplies by different industries. According to research by OMR, the Semiconductor market is forecast to grow by 7% in 2023-30. Every sector such as electronics, information and communication, automotive and many more to improve performance and productivity requires semiconductors. Various research has shown that technologies like AI, IoT and Big Data are using semiconductors to improve the profitability, productivity and performance of the product.
Due to rising respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD) and other health issues due to dry air, the trend of using air humidifiers in the market has drastically increased in the past several years. The market of global air humidifiers is forecasted to record growth of a CAGR of 5.0% by 2031.
Since COVID-19, there is a consistent debate going on in the food and beverage industry about changing consumer preferences and perceptions towards personal health and healthy packaged food and beverages products and current research in the industry shows that millennials and Gen Z are driving the demand for packaged food and beverages and choosing healthy packaged food items.
The global battery recycling market continues to rise due to the increased application of various battery types such as lead acid batteries, nickel-based, lithium-ion batteries, and others in various industries like electronics, automotive and industries. The global battery recycling market has been significantly growing and is expected to grow at a CAGR of 6.5% during 2022-28, as per a report published by OMR. The market is important because it helps in conserving the demand for natural virgin materials for battery production as well as it helps in reducing the cost and improving production techniques.
India has been waiting for its first semiconductor plan since the day Foxconn and Vedanta announced a joint venture worth $19.5 billion in February 2022. This joint venture aimed to support Indian Government in its "Make in India" movement and to boost the domestic manufacturing of electronics in India.
Being one of the largest industries in the world, the global automotive industry is going through a major transition of its time. 81.6 million vehicles are produced all around the globe. Due to all these Industry is facing the highest prices of vehicles of all time majorly because of the auto chip crisis and shortage of raw material delaying production worldwide.
There is a huge debate going on about whether
AI will replace humans or not. And as a writer, if you are stressing about your
career, then I can assure you that you’re not getting replaced. Not anytime
soon.
Consulting services are recognized means to get to know the market's competitors and the whole analysis of the market about when and how some news or factors can affect the market positively or negatively. However, it is beneficial to learn about what really comes with these types of services and how they can assist a business to grow exponentially.
Businesses require new and innovative strategies every time they enter a new market. Market research does the work of collecting valuable information and compiling it into one report.
Custom market research is needed when a business is off to a new start or about to launch a new product in any specific market in any region. Some businesses prefer syndicated market research, which includes news and data that is already available. Whereas custom research includes in-depth data on any market, organization, or segment.
Technological advances in every industry are increasing convenience in every task, whether it’s related to house repair or even a four-wheeler vehicle. Some glimpses of technology can be seen in automotive diagnostic tools as well. These tools are useful in finding the problem occurring in your vehicle. They work on DTC (Diagnostic Trouble Code). When the scanning device is plugged into a vehicle, the device shows codes and errors about the problem that is occurring in your vehicle.
The vehiclesss accessories market is witnessing huge growth owing to the increasing number of automobile companies, new vehicle launches, growing per capita income, and an increasing population as well. Vehicle accessories are add-ons for a vehicle, either to upgrade or to improve its functionality. Vehicle accessories are popular because people can personalize them according to their and their vehicle’s needs.
Vegan is simply defined as something that is free from any animal-derived components or ingredients, such as fish oils, furs, cow milk or dairy products, meat, leather, and so on. Vegan cosmetics are in style because of the increasing number of people who are preferring cruelty-free products to use.
Natural
calamities like floods, earthquakes, etc. and other disasters like terrorist
attacks create huge chaos and become the cause of a lot of mortalities. Many
people get stuck in those disasters, and to search for them, search and rescue
robots are used.
Growing technology is assisting in the new means of education as well. Private tutoring is one of the education strategies that are building children’s and adults’ futures. Private tutoring has been in the market since the 1700s. However, before the 20s, education strategies only consisted of in-person tutoring in schools or at home. After the technological era started, the online private tutoring market took place globally.
Organic is the new way of living and the population is inclined towards it more and more as new brands and products are launched into the market on a regular basis. Organic personal care and cosmetic products are popular among the female population as they use skin and hair products daily. The reason these products are growing in the cosmetics market is their eco-friendly, skin-friendly, and chemical-free features.
Molded interconnect devices are a technology made by laser direct structuring, printed electronics, and two-shot molding methods and have two layers in them, front and back. It is used in telecommunication, consumer electronics, automotive, and medical devices such as hearing aids, glucose meters, blood pressure monitors, pulse oximeters, dental decay diagnostic tools, CPAP devices, neurostimulation controllers, MEMS-sensor construction, and others.
Military satellites were first used as an explorer to capture the images of any enemy or other country's soldiers in the treaty. Satellites are somewhat similar to drones, except that drones need to be piloted manually with human interaction.
IT consulting services are required by small and large-scale businesses when they opt for new technological advancements in their infrastructure. IT consultants provide analytical data and new innovative ideas for businesses. This, in turn, helps to drive the IT sector’s growth.
With the boon of consultancies, many healthcare product manufacturers and providers, such as pharmaceutical companies and medical device manufacturers (thermometers, operating room monitors, surgical instruments, hearing devices, etc.) are taking the help of market researchers to gain a better understanding of their targeted market.
Telecom power systems work as the backbone of various communications networks, such as wireless broadband and data centers. These power systems assist in securing the data in case of power fluctuations. Telecom power systems provide a constant power supply to hospitals, educational institutions, commercial buildings, and residentials. In addition, many governments and private organizations are installing telecom power systems in rural and urban areas to provide them with a constant electricity supply.
Advancements in technology are changing lives for the better. Human augmentation is defined as one of those life-changing technologies that is amplifying humans’ physical and mental abilities. For a better understanding, this technology includes prosthetics, chip implants, and wearable devices such as the exoskeleton—a wearable device that augments, assists, and physically activates construction workers, and other devices.
Data loss prevention (DLP) is a method to alleviate activities of data breaches, accidental destruction, and ransomware attacks on crucial and sensitive data. Moreover, this method also saves organizations’ data from leaking. The key use cases of data loss prevention techniques include securing data on remote cloud servers and securing backups of important data.
The growing use of automated technology in various sectors—whether in homes, hospitals, or other industries—is increasing the demand for robots as well. The cleaning robots have various names, such as vacuums, robovacs, and others. These robots are used in different sectors for automatic cleaning. With the growing demand for home cleaning applications, companies are focusing on small-sized robots for better cleaning.
Food processing and handling equipment include cooking, food storing, and packaging equipment such as microwave ovens, refrigerators, mixer blenders, pressure mills, marinating vacuum tumblers, and chapati makers, among others. Making and storing food items has become easy with this type of equipment. The growing population and their increased use of dairy products, meat and poultry, seafood, fruits and vegetables, ready-to-eat meals, and junk foods such as chips, drinks, and other packed foods are assisting in the significant growth of the food processing and handling equipment market.
A forklift is a term used for conveyance vehicles in the construction and manufacturing industries for unloading bricks, construction equipment, and other materials. This instrument lifts and moves the material from the truck to the warehouse or site. Autonomous forklifts, unlike traditional forklifts, are more technologically advanced forklifts. They operate on their own without human interaction and provide both horizontal and vertical movements to stack the load.
The Asia-Pacific solar panel market is estimated to grow at a significant CAGR of 12% during the forecast period. The continued advancement in technology to produce next-generation solar panels is a major factor contributing to the growth of the market in the Asia-Pacific region. Solar panels are widely used by the residential sector to reduce electricity bills. Attributing to it being a renewable and non-polluting property; solar panels cut down the bills and are more secure than any other electric resource which is why they are highly adopted in household applications.
The global topical products of the stretch marks market are anticipated to grow at a considerable CAGR of 8% during the forecast period. Beauty care and skin products are now available in a completely natural form. Due to the side effects of chemical-based products on hair and skin, people are inclined towards the adoption of products free from chemicals that are pure and rich in vital nutrients. Topical products like stretch mark cream, oil, and lotion are making a significant place in the market. The growing demand for natural products is increasing the adoption of oil-based products which have naturally extracted ingredients.
The global cardiovascular drug market is anticipated to grow at a considerable CAGR of 1.2% during the forecast period (2021-2027). The technology advancement in healthcare is one of the prime factors affecting and driving the market.
Clear aligners are also known as invisible braces that are used to adjust teeth or align the jaws. Clear aligners work similar to the traditional braces, adjust the disoriented teeth slowly with time. The global clear aligners market is anticipated to grow significantly at a CAGR of 7.8% over the forecast period (2021-2027).
The global thermoplastics market is anticipated to grow at a CAGR of nearly 7.0% during the forecast period (2021-2027). Rising applications of thermoplastics in the transportation industry is one of the major factors accelerating the demand for thermoplastics. Plastic materials are utilized for a comprehensive range of transportation applications such as light diffusers, glazing, interior wall panels, headliners, and partitions.
The
orthopedic software market is expected to grow at a moderate rate during the
forecast period. Orthopedic software has been gaining significant importance
among orthopedic professionals as it offers accurate delivery of information
related to the medical parameters of the patient.
The
orthopedic software market is expected to grow at a moderate rate during the
forecast period. Orthopedic software has been gaining significant importance
among orthopedic professionals as it offers accurate delivery of information
related to the medical parameters of the patient.
Women health market across the globe have a very special place in the
growth of family and nation. A mother is responsible for the birth of a
child, and without her, there is no life. According to UN, the total
number of women population across the globe was around 3.74 billion in
2017 and this number is anticipated to grow to 4.05 billion in 2025. The
status of women directly reflects the health status of any nation.
The other day I was talking to a close friend who happened to be a doctor. Simply conversing has become so rare so we end up talking on various topics including respiratory market. He explained me how the respiratory market is growing and the factors that are driving the market. I was appalled to hear that every year around 6 million people lose their life due to respiratory diseases such as Asthma, Obstructive Pulmonary diseases and so on. I never know the respiratory disease could be that severe.