Industrial Safety Market Worth $17.86 Billion by 2030
Industrial Safety Market by Type, Offering (Hardware, Software), End User (Oil & Gas, Energy & Power, Chemicals), and Geography—Global Forecasts to 2030
The Industrial Safety Market is projected to reach $ 17.86 billion by 2030, at a CAGR of 11.1% from 2023 to 2030. The growth of this market is attributed to the need for reliable safety systems to ensure personnel and asset protection, stringent regulations for workplace safety, and the growth of the oil & gas sector driving the adoption of industrial safety systems. However, the high installation costs of industrial safety systems are expected to restrain the growth of this market. Furthermore, the increasing usage of industrial internet-of-Things is expected to offer potential growth opportunities. Failure to access all machinery-related risks is a challenge for this market.
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Sugar-free Products Market Worth $65.31 Billion by 2029
Sugar-free Products Market by Type (Beverages, Food Products, Tabletop, Others); Sweetening Type (Sugar Substitute-sweetened Sugar-free Products, Naturally Sweetened); Distribution Channel (Supermarkets & Hypermarkets, Others) – Global Forecasts to 2029
The Sugar-free Products Market is Expected to reach $65.31 Billion by 2029 at a CAGR of 6.2% from 2022 to 2029. Sugar-free products are low-calorie products comprising zero sugar. They are sweetened with sugar substitutes and offer a taste similar to sugar. These products are a healthy alternative to products that contain sugar as they help reduce calories and help prevent diabetes & obesity.
The growth of this market is driven by factors such as the rising incidence rate of diabetes, the rising demand for low-calorie foods, and sugar taxes imposed on sugary drinks. However, the higher prices of sugar-free products restrain the growth of this market.
Security Analytics Market Worth $43.9 Billion by 2029
The surge in incidences of cyber exploits, the proliferation of advanced technologies, including cloud computing, AI, and big data, the increasing complexity in the enterprise network, the increasing usage of endpoint IoT devices, and the rising need for real-time innovative security analytics platform are the major factors driving the growth of this market. In addition, the growing emphasis on cloud security analytics solutions among SMEs, the surge in telecomputing, and the integration of cutting-edge technologies, such as machine learning and blockchain are expected to offer significant opportunities for this market.
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