Harshal J Profile

Digital Payment Market by Offering (Solution & Services), Payment Mode (Digital Wallets, Banking Cards, POS, Internet Banking), End User (BFSI, Retail, Travel & Hospitality, Healthcare, Others), Organization Size and Geography – Global Forecasts to 2029

The Digital Payment Market is projected to reach $274.61 billion by 2029, at a CAGR of 16.6% during the forecast period of 2022–2029. Factors such as increased adoption of digital payment modes, rising government initiatives for the adoption of digital payment and growing partnerships between banks and fintech to leverage customer experience are expected to drive the growth of the overall digital payment market growth. In addition, the increasing use of payment applications across different industry verticals and the rising adoption of contactless payment are expected to offer significant opportunities for market growth. However, a low level of awareness of online payments in rural areas can restrain the growth of this market.

Essential Oils Market Size, Share, Forecast, & Trends Analysis by Source (Citrus {Orange}, Lavender, Tea Tree), Type (Organic), Extraction Method, Application (Food & Beverage, Aromatherapy), Distribution Channel (Direct Selling) – Global Forecast to 2031

The Essential Oils Market is expected to reach $24.80 billion by 2031, at a CAGR of 8.8% from 2024 to 2031. The growth of this market can be attributed to several factors, including the increasing consumer preference for natural and organic products, the growing demand for essential oils from the aromatherapy industry, the rising awareness about the health benefits of essential oils, and the increasing concerns regarding the use of synthetic ingredients. However, the limited availability of raw materials and potential side effects or allergic reactions associated with certain essential oils may restrain market growth.

In Vitro Diagnostic Reagents Market by Type (Antibodies, Proteins, Oligonucleotides, Nucleic Acid Probes) Technology (Immunoassay, Biochemistry, Molecular Diagnostic, Microbiology, Hematology) Use (Clinical, RUO) End User – Global Forecast to 2030

The In Vitro Diagnostic Reagents Market is projected to reach $75.67 billion by 2030, at a CAGR of 5.4% from 2023 to 2030. IVD reagents are utilized in laboratory tests to identify the absence or presence of a certain condition in biological samples such as urine, blood, and other bodily fluids. IVD reagents include antibodies, oligonucleotides, nucleic acid probes, and other biomolecules specifically developed to interact with a specific biomarker or target molecule linked to a condition or disease. IVD reagents are used in various diagnostic procedures, including immunoassay/immunochemistry, molecular diagnostics, microbiology tests, and others, to diagnose infectious and chronic disorders.

The growth of this market is driven by the increasing prevalence of infectious diseases, increasing funding for research activities, the rising adoption of advanced diagnostic technologies, the growth in proteomics and genomics research studies, and the growing number of clinical laboratories offering advanced diagnostic testing menus. Additionally, emerging economies and the growing demand for protein therapeutics and personalized medicines are expected to offer significant market growth opportunities.

Smart Waste Management Market by Offering (Solutions, Services), Function (Smart Collection, Processing, Disposal), Application (Residential & Municipality, Industrial, Commercial, Construction & Demolition), and Geography – Global Forecast to 2031

The Smart Waste Management Market to reach $12.6 billion by 2031 at a CAGR of 17.3% during 2024–2031. The growth of the smart waste management market is driven by the growing adoption of smart bins, the rising integration of IoT, and the increasing concern over the environmental impact of waste management. However, the high cost of connected network infrastructure in developing nations restrain the growth of this market. Moreover, the growing adoption of smart city initiatives across the globe and the use of technological advancements in waste management devices are expected to generate market growth opportunities. However, the non-uniform waste distribution in bins is a major challenge for market stakeholders. Additionally, the growing adoption of data analytics and machine learning in waste management are prominent trends in this market.

Protein Assays Market by Type (Dye-based, Copper-based) Technology (Fluorescence, Absorbance, Colorimetric) Offering (Reagent, Kit, Instrument) Application (R&D, Drug Discovery, Diagnostics) End User (Pharmaceutical, Hospital) – Global Forecast to 2031

The Protein Assays Market is projected to reach $4.36 billion by 2031 at a CAGR of 9.3% from 2024 to 2031. Protein assays are used for the measurement of protein in samples or biological fluids with the use of detergents, dyes, or reagents. The purpose of the assay is protein quantification—that is, to determine the concentration or amount of an array of proteins or specific proteins. There are different types of protein assays on the basis of their sensitivity and specificity, including Bradford Protein Assay, Bicinchoninic Acid (BCA) Assay, Lowry Protein Assay, and others. Protein assays vary in their chemical basis for detecting protein-specific functional groups. Some assay methods detect peptide bonds, but no assay does this exclusively.

The growth of this market can be attributed to various factors, such as the increasing pharmaceutical R&D expenditures, rising use of protein assays in drug discovery & development, growth in the food & beverage industry, and rising use of protein assays in clinical diagnostics tests. However, the high cost of protein assay equipment restrains market growth.

Natural Food Colors Market by Type (Carotenoids {Beta Carotene, Lycopene}, Anthocyanins, Betanin, Carmine), Source (Plants, Animal), Form (Liquid), Solubility (Water, Oil), Application (Processed Food Products, Beverages), and Geography–Global Forecast to 2031

The Natural Food Colors Market is projected to reach $3.74 billion by 2031, at a CAGR of 6.8% during the forecast period of 2024–2031. In terms of volume, the global natural food colors market is projected to reach 194,987.6 tons by 2031, at a CAGR of 5.3% during the forecast period of 2024–2031. The growth of this market is driven by the growing demand for organic foods, increasing awareness of clean-label products, the growing need to enhance product appeal, increasing R&D activities in the food industry, and the emergence of microencapsulation technology for food colors. In addition, the increasing interest in new raw material sources, the growing demand for plant-based food, and emerging economies are expected to provide significant opportunities for stakeholders operating in the global natural food colors market.

Farm Management Software Market by Offerings (Software, Services), Application (Precision Farming, Aquaculture, Livestock Monitoring, Smart Greenhouse), Farm Size, End User, and Geography – Global Forecast to 2030

According to this latest publication from Meticulous Research®, the farm management software market is projected to reach $10.5 billion by 2030, at a CAGR of 25.4% from 2023–2030. The growth of this market is attributed to the increasing adoption of connectivity in agriculture, increasing adoption of farm management for improving yields, environmental factors such as climate change and water shortage driving the adoption of farm management software, and government initiatives to drive the adoption of farm management software driving market growth.

Nematicides Market Size, Share, Forecast, & Trends Analysis by Type (Chemical {Fumigant}, Biological {Microbial [Bacillus sp]}, Biochemical), Form, Nematode Type (Root-knot, Cyst), Mode of Application (Seed Treatment), Crop Type – Global Forecast to 2031

According to this latest publication from Meticulous Research®, in terms of value, the global nematicides market is projected to reach $3.97 billion by 2031, at a CAGR of 9.3% during the forecast period of 2024–2031. In terms of volume, this global nematicides market is projected to reach 201,413.3 tons by 2031, at a CAGR of 8.8% during the forecast period of 2024–2031. Rising demand for organic foods, growing environmental concerns, and market players’ focus on product launches and acquisitions are some of the factors driving the growth of this market.

Natural Language Processing Market Size, Share, Forecast, & Trends Analysis Offering (Solutions, Services), Organization Size, Application (Sentiment Analysis, Chatbots & Virtual Assistant, Others), Sector (IT & Telecom, BFSI, Retail & E-commerce, Others), Geography – Global Forecast to 2031

The Natural Language Processing Market is expected to reach $164.9 billion by 2031, at a CAGR of 29.2% from 2024 to 2031. Natural language processing (NLP) is the application of AI to process and analyze text or voice data in order to understand, interpret, categorize, or derive insights from the content. Examples of NLP include email spam filters, spell checkers, grammar checkers, autocorrect, language translation, sentiment analysis, semantic search, and more.

The growth of the market is driven by factors such as the rising adoption of smart devices, the growing demand for NLP-based applications for customer support, and the rising demand for NLP tools in call centers. Moreover, the rapid adoption of cloud-based technologies and increasing applications of NLP in the healthcare sector are expected to offer market growth opportunities.

Absorbent Pads Market Size, Share, Forecast, & Trends Analysis by Material (Plastic, Fiber, Paper), Type (Universal Absorbent, Oil Absorbent, Hazmat Absorbent), Absorbency Weight, End-use Industry (Healthcare, Food & Beverages, Chemical), and Geography – Global Forecast to 2031

The Absorbent Pads Market is expected to reach $5.7 billion by 2031, at a CAGR of 5.3% from 2024 to 2031. The growth of the absorbent pads market is driven by the rising demand for absorbent pads in the food sector and the growing environmental concern and regulations regarding oil and chemical spills in industries. Furthermore, the proliferation of absorbent pads in the healthcare sector is expected to generate growth opportunities for the players operating in this market.