Month: October 2023

Increasing GDP, healthcare expenditure, and elderly populations, while innovative insurance products, mergers, and acquisitions further fuel this growth. Vancouver, Oct. 31, 2023 (GLOBE NEWSWIRE) — The global health insurance market size was USD 3.30 Trillion in 2022 and is expected to register a rapid revenue CAGR of 5.6% during the forecast period.  A recently released market research report highlights key factors influencing this growth. Several factors have been identified as driving the market’s impressive revenue surge. Firstly, the increase in Gross Domestic Product (GDP), healthcare expenditure, and the aging population, combined with a rising prevalence of chronic illnesses, cost of medical care, and government initiatives for surgical reimbursement policies, have played pivotal roles. A significant boost in the...

Global Web Hosting Services Market Thrives with Explosive Growth Vancouver, Oct. 31, 2023 (GLOBE NEWSWIRE) — The global web hosting services market is experiencing remarkable growth, with a 21.3% revenue Compound Annual Growth Rate (CAGR) expected during the forecast period. In 2022, the market reached a substantial value of USD 86.00 billion. Several key factors are driving this remarkable expansion, including the increasing number of Small and Medium-sized Enterprises (SMEs), technological advancements, heightened focus on security, and a growing trend toward green hosting. SMEs Drive Growth The increasing number of SMEs is a major driving force behind the market’s success. SMEs prioritize their online presence, and web hosting companies are increasingly catering to their needs. India, with its 50 million MSMEs, stands...

Global Rich Communication Services (RCS) Market Thrives with 22.3% CAGR in 2022 Vancouver, Oct. 31, 2023 (GLOBE NEWSWIRE) — The global Rich Communication Services (RCS) market exhibited remarkable growth in 2022, with a market size of USD 2.00 billion. It is now set to continue its rapid expansion with a projected revenue Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period. Enhancing Messaging with RCS Rich Communication Services (RCS) is transforming the way we communicate, offering a feature-rich alternative to traditional SMS. This modernization empowers users to do more than just text – they can send images, videos, location data, and even documents. Businesses are increasingly adopting RCS for its ability to engage customers effectively, as research suggests that RCS messages are read 35 times more often...

Rising prevalence of visual impairments is a major factor driving eyewear Eyewear Market revenue growth Vancouver, Oct. 31, 2023 (GLOBE NEWSWIRE) — The global eyewear market size was USD 169.82 Billion in 2022 and is expected to register a revenue CAGR of 8.1% during the forecast period, according to the latest analysis by Emergen Research. As per the World Health Organization (WHO), about 2.2 billion people across the globe are affected by either near- or distance vision impairments. Among these cases, approximately 1 billion involve vision issues that might have been preventable or remain unaddressed. Recent data on eye health, as compiled by the International Agency for the Prevention of Blindness, indicates that there are 295 million individuals with moderate-to-severe visual impairments, and 43 million people are classified...

Rapid adoption of smart classrooms in schools and increasing penetration of mobile devices are some key factors driving Ed-Tech and Smart Classroom Market growth Vancouver, Oct. 31, 2023 (GLOBE NEWSWIRE) — The global Ed-Tech and smart classroom market size is expected to reach USD 487.05 Billion at a CAGR of 15.4% during the forecast period, according to latest analysis by Emergen Research. Advantages and benefits associated with ED-Tech and smart classrooms such as flexibility in timing, video graphic presentation of topics, and ease of use among younger learners are some key factors driving market revenue growth currently. Establishment of a number of Ed-Tech startups such as Teachable, Practically, and SV Academy has been boosting market revenue growth to a significant extent. Key players in the market are adopting strategies...