Posts

Showing posts from March, 2023

Revenue from Surveying and Mapping Services is anticipated to reach US$ 13 Billion by the End of 2032

  According to Fact.MR, a market research and competitive intelligence provider, the global surveying & mapping services market was worth US$ 9 billion in 2021 and is expected to expand at a CAGR of 3% during the forecast years of 2022-2032. The survey and mapping industry has significantly benefited from drone technologies, since UAVs are less expensive and more accessible as compared to traditional methods. Conventional surveying methods require rental aircraft and trained pilots, along with attached recording instruments, which is a costly and resource-intensive process. The introduction of UAVs has substantially created a future opportunity for surveying & mapping services to gather spatial information in a tighter structure. This also allows the collection of geospatial information with easy storage, processing, and sharing capabilities. For instance, in May 2022, PDRL, an India-based software company, introduced a SaaS platform – DroneNaksha – under the Svamitva Yojana sc

Technical Textile Consumption Value Is Expected To Increase at a CAGR of Around 5.3% Through 2032

  As per the latest industry research by Fact.MR, a market research and competitive intelligence provider, the global product launch software market is estimated at US$ 1.46 billion and is expected to surge ahead at a CAGR of 11.2% between 2022 and 2032. Product launch planning in the fashion industry requires software to extract information and provide a comprehensive view of data to help brands take better decisions. The tech-resistant fashion industry has shifted to adopt a more agile way of working, leading to easier integration with new technologies inside and outside organizations. Whether searching for patterns in the office or tracking response requests from the inbox, product launch software can help get work done faster. As a result, work can be done more efficiently as a team can plan and organize product launches together. Download Sample copy of this report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7681?AS   Key Takeaways from Market Study The global produ

Global Demand for Edible Insects Is Anticipated To Reach US$ 8 Billion By 2032

  Fact.MR, a market research and competitive intelligence provider, reveals that the global edible insects market is currently valued at US$ 3.2 billion and is expected to expand at a high CAGR of 18.5% between 2022 and 2032. Entotarians (one whose diet includes insects but no other meats) is a novel concept that came into existence as a problem solver to feed the estimated 10 billion people that the world will have in some years. The growing number of entotarians has intensified the demand for edible insects. In addition, due to consumer desire for more sustainable and alternative food and feed products, the use of edible insects has been gradually developing. For instance, around 2,000 insect species are already consumed regularly by people and domestic animals across the world owing to their high protein, healthy fat, mineral, and vitamin content. Fact.MR has analyzed that food manufacturers have seized this chance to enter the market and create a variety of products. The availabili

Worldwide Demand for Coffee Subscriptions Is Anticipated to Reach US$ 1.98 Billion By 2032

  According to Fact.MR, a market research and competitive intelligence provider, the global coffee subscription market has reached a valuation of US$ 685.7 million and is expected to expand rapidly at an impressive CAGR of 10.9% during the forecast years of 2022-2032. Coffee is becoming a daily need for a huge pool of the population, making coffee subscriptions a popular choice in the bargain. Manufacturers are offering sample/tasting kits with a variety of coffees, from single or multiple origins to refundable first orders, to boost their subscription sales. Change in consumer behaviour led by the COVID-19 pandemic has revolutionized the coffee subscription market across regions. Restricted mobilization increased consumer dependence on online purchases, which has continued even after the loosening of restrictions. Providers or roasters have also boosted coffee subscription industry. Offering bespoke subscription plans with customized subscription frequency, choice of beans, choice of

Worldwide Demand for Self-Powered Sensors is Anticipated to Reach US$ 2.19 Billion by the end of 2032

  The global self-powered sensors market is worth US$ 560.3 million and is forecasted to surge ahead at a CAGR of 14.6% through 2032, as per a new report by Fact.MR, a market research and competitive intelligence provider. The market is backed to grow along with the robust growth of advanced technological accessories. Self-powered sensors are used in diverse end-use industries that continuously gather data and send it to a cloud-based dashboard. Artificial intelligence (AI) software always looks for patterns and potential to be used with various technological accessories. With practical knowledge gathered by the software, it quickly puts the analysis into practice, which gets fed back into the process, thus making operations swift without the need for any external energy source. The use of self-powered systems have increased significantly in agriculture for monitoring and optimizing crops. In 2021, valuation of the self-powered sensor agriculture sector stood at US$ 41.9 million. Addit

Worldwide Sales of Kinetic Switches are expected to Surge at 10.1% CAGR by the end of 2032

  According to detailed industry research by Fact.MR, a market research and competitive intelligence provider, the global kinetic switches market is currently valued at US$ 449.3 million and is predicted to expand at a noteworthy CAGR of 10.1% from 2022 to 2032, mainly on the back of the surge in the demand for smart home appliances to be used in households. With the rising usage of smart devices and the emergence of technology such as Internet of Thing devices, connectivity requirements are skyrocketing. Increasing disposable income, technological upgradation, product development, and rapid rise in IoT have led the kinetic switches industry to grow at a fast pace. Furthermore, an increase in the sales of smart devices has driven up the demand for wireless switch products as well. Download Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7680?AS Kinetic switches are available with built-in micro energy converters. When the switch panel is on, kineti