Year: 2023

Rising adoption of cloud computing and virtualization technologies and development of 5G infrastructure is a key factor driving Virtualized Evolved Packet Core (vEPC) market revenue growth. Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global Virtualized Evolved Packet Core (vEPC) Market size was USD 7.15 Billion in 2022 and is expected to register a steady revenue CAGR of 18.7% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of cloud computing and virtualization technologies is a key factor driving market revenue growth. vEPC refers to a framework that helps the convergence of voice and data on Fourth Generation (4G) and Fifth Generation (5G) networks. Need for vEPC is increasing due to rising acceptance of cloud computing and virtualization technologies. The adoption of cloud-based...

Industrial growth in emerging countries is a key factor driving polyamides (PA) and intermediates market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global Polyamides (PA) and intermediates market size was USD 27.02 Billion in 2022 and is expected to register a steady revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergent Research. Development of recycling technologies for PA is a key factor driving market revenue growth. Recycling technologies for PA have emerged as a significant trend in the industry, driven by rising demand for sustainable and eco-friendly solutions. There is a strong emphasis on finding efficient and effective methods to recycle PA products as concerns about environmental impact and resource conservation increases. The development of recycling technologies...

Rising demand for reduction in transmission and distribution losses is a major factor driving global substation monitoring system market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global substation monitoring system market size is expected to reach USD 10.22 Billion in 2032 and register a revenue CAGR of 7.8% during the forecast period, according to the latest analysis by Emergen Research. Developing IEC 61850 standard to enable interoperability between Intelligent Electronic Devices (IEDs) can be attributed to the steady market revenue growth. At the moment, electric power utilities are dealing with an issue of compatibility between Intelligent Electronic Devices (IEDs) provided by different businesses during extension of an existing electric substation. Recently, an attempt was made to create a global standard...

Rising adoption of surveillance drones and use in smart applications is a key factor driving Ultrasonic Sensor market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global ultrasonic sensor market size was USD 17.45 Billion in 2032 and is expected to register a steady revenue CAGR of 11.1% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of robotics in industrial sectors and  use of ultrasonic sensors in the Food & Beverage (F&B) sector and rising demand of ultrasonic sensors for vehicle parking are key factors driving market revenue growth. Ultrasonic sensor is used to calculate the distance of any object through emitting ultrasonic sound waves and converts the reflected sound into an electrical signal. These sensors are used in many applications and industries,...

Rapid depletion of freshwater resources and industrialization and increasing world population are major factors driving Water Desalination Equipment Market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global water desalination equipment market size was USD 15.56 billion in 2022 and is expected to register a rapid revenue CAGR of 9.8% during the forecast period. In response to the alarming depletion of freshwater resources, coupled with the rapid pace of industrialization and a surging global population, the water desalination equipment market is witnessing robust revenue growth. Desalination machinery, a key player in this market, is gaining traction for its ability to convert brackish water, seawater, and other sources into fresh, potable water. Municipalities worldwide are adopting this technology to address...

Increasing rate of infectious diseases, development of innovative products, and rising usage of antibiotics are major factors driving Antibiotics Market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global antibiotics market size was USD 42.32 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.5% during the forecast period. The global antibiotics market is witnessing significant growth, driven by factors such as the increasing rate of infectious diseases, development of innovative products, and rising antibiotic usage. A study published in September 2022 by the Lancet Regional Health-Southeast Asia revealed that azithromycin 500mg tablets were the most frequently used antibiotics in India. However, despite this growth, challenges like antibiotic resistance and high research costs pose potential...

Riding demand for Three Dimensional (3D) Printing is a key factor driving Photopolymers Market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global photopolymers market size was USD 2.60 Billion in 2022 and is expected to register a steady revenue CAGR of 10.5% during the forecast period, according to latest analysis by Emergen Research. Rising demand for 3D printing, technological advancements in the printing and packaging industry, and increasing need for artificial jewelry and prosthetics globally are key factors driving market revenue growth. Photopolymers are one of the materials used in 3D printing with the potential to make products with better properties. The field of 3D printing is rapidly growing in both academic and commercial settings. Photopolymerization-based technologies (such as Stereolithography...

Increasing number of minimally invasive surgical procedures is a major factor driving Electrosurgical Products market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global electrosurgical products market size was USD 8.90 Billion in 2022 and is expected to register a steady revenue CAGR of 5.3% during the forecast period, according to latest analysis by Emergen Research. Increasing number of minimally invasive surgical procedures is a key factor driving market revenue growth. Many healthcare institutions and professionals are becoming more environmentally conscious, and there is an increasing emphasis on Corporate Social Responsibility (CSR). Electrosurgical products are used in surgical procedures, such as cardiovascular surgery, gynecology surgery, general surgery, and others, which apply electric current for...

Rising concerns over quality and safety of tap water is a major factor driving Bottled Water market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global bottled water market size was USD Billion 303.56 in 2022 and is expected to register a revenue CAGR of 7.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing knowledge of value of staying hydrated and living healthy is a major factor expected to drive market revenue growth during the forecast period. The bottled water sector fits into sustainable development aim of providing everyone with access to clean water. The investigation only considered bottled water brands that taste nearly identical to tap water obtained from a standard municipal water supply. It is demonstrated that water in bottles is commonly used in both...