The global revenue assurance market was valued at US$ 2.52 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 11.0% during the forecast period from 2018 to 2026. Revenue assurance is a business process that is carried out for detecting revenue leakages to help the service providers minimize their revenue loss, opportunity loss and provide cost assurance. It verifies the overall operational process, accuracy, completeness and data integrity of the capture, recording, billing and reporting of all the revenue producing transactions or events from marketing and sales through collection, account receivable. Revenue assurance allows the communication service provider to inspect and plug masses of genuine or possible leakage points throughout the customer-facing systems or networks. It helps in correcting the data before it reaches the billing system.
Global proximity sensors market was valued at US$ 2,578.9 Mn in 2017 and set to grow at a CAGR of 6.2% throughout the forecast period from 2018 to 2026. With increased market penetration of smart devices such as smartphones, smart cameras among others, consumer electronics segment contributed with highest share in overall proximity sensors market growth.
Piezoelectric sensor is a device capable of detecting pressure changes, temperature variations along with deviations in forces by utilizing the mechanism of piezoelectric effect. Increasing demand for highly accurate pressure sensors from inferior application verticals such as diesel fuel injectors and solar equipment, augmenting the growth of piezoelectric sensors market worldwide.
Due to rising discretionary income and health awareness in India and China, the baby diapers market here has witnessed substantial growth in the past few years. People are now increasingly turning towards disposable baby diapers so as to eliminate the hassle in traditional cloth-based nappies. Baby diapers are available in both types; open as well as pants. This makes convenient to use and preferable over traditional nappies. Baby diapers are typically made using cloth or synthetic disposable material. These can be broadly classified into cloth diapers, disposable diapers, training nappies and swim pants.
In terms of market volume, the global market for wood pellets stood at 28,408.9 Kilo Tons in 2017 and expected to reach 49,595.5 Kilo Tons by 2026, expanding at a CAGR of 6.6% during the forecast period from 2018 to 2026. Europe dominated the wood pellets market in 2017 and expected to retain market dominance throughout the forecast period.
The reinsurance market worldwide is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027 starting from USD 254 Bn in 2018. Increasing awareness for insurance products is driving the growth of reinsurance market. The practice of insurers to transfer portions of their risk portfolios to others by an agreement is known as reinsurance. Reinsurance is also known as insurance for insurers or stop-loss insurance.
Packaging plays an important role in determining the decisive roles in the revenue of widely used consumer beverages that includes coffee owing to the factor that in modern days everything is delivered in packaging systems and effective packaging symbolizes the consumer’s acceptance of any product. Trend shows that majority of the young population prefers coffee as a refreshment drink and hence unique packaging strategies adopted by key players increases the value offering through introduction of new coffee brands.
With the increased global disease burden, demand for the pharmaceuticals is exponentially rising. The pharmaceutical industry is growing due to increased spending on the healthcare facilities by the governments, especially in developed countries. Due to the implementation of stringent policies regarding environmental issues and to ensure consumer safety, the pressure of innovating eco-friendly and novel packing material is increasing on the pharmaceutical companies.
The gamification in education market worldwide is expected to grow with a double digit CAGR during the forecast period from 2018 to 2026, starting from US$ 130.0 Mn in 2017. Gamification is one of the most prominent educational approaches designed to increase engagement and motivation of learners. Gamification uses gaming mechanics including badges, levels and points/leaderboards. This simplifies key concepts and helps improving learner’s motivation.
The global forestry cranes market was estimated US$ 850.4 Mn in 2017 and is expected to grow at a CAGR of 4.8% throughout the forecast period from 2018 to 2026. The demand for forestry cranes is primarily dependent on growth in demand for forestry products such as wood pellets and timbers used in industrial and construction applications.
The global fiber optic cables market is set to hit US$ 7.95 Bn by 2026, growing with a CAGR of 7.2% during the forecast period 2018 to 2026. The market is highly driven due to the demand for higher bandwidth and increasing internet traffic across the world.
Athletic footwear market is expected to reach US$ 60.5 Bn by 2026 with 5.3% CAGR during the forecast period from 2018 to 2026. In 2017, Asia Pacific led the athletic footwear market and is estimated to be the fastest-growing region between 2018 and 2026.
The global market for flexible packaging stood at US$ 222.30 Bn in 2017 and expected to reach US$ 317.57 Bn in 2026, expanding at a CAGR of 4.1% during the forecast period from 2018 to 2026. Asia Pacific was the largest region for flexible packaging in 2017, and also expected to be the fastest growing region during the forecast period.
The global water-soluble packaging market is growing competently, expected to grow at a CAGR of 4.8% during the estimated period from 2019 to 2027, starting from US$ 2.3 Bn in 2018. The plastic used for packaging products is a considered as loss for the economy only after a single-use. According to the report of World Economic Forum 2016, 95% of the plastic used in packaging material, values for about $80-$120 billion annually is considered as waste for an economy only after one-time use.
Globally, the Wall Decor market is expected to grow with a CAGR of 3.8% during the forecast period from 2019 to 2027, starting from US$ 51.25 Bn in 2018. The decor industry is undergoing several changes from the past few decades. The rapidly changing trends of the interiors across the showrooms, malls, offices, and industries are showing tremendous opportunities in the market. The promptly changing lifestyles of individuals across the globe is the key factor that drives the growth of wall decor market.
The tracheal tube and airway products market is set to reach from US$ 3,150.1 Mn in 2018 to US$ 5,646.2 Mn by 2027 at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2019 to 2027. As per the research citing published by World Health Organization (WHO), approximately 90% of the death occurring due to chronic obstructive pulmonary disease (COPD) is occurring in the lower and middle income countries.
Text analytics market accounted for the market value of US$ 4.63 Bn in 2018 and expected to grow with CAGR of 14.35% during the forecast period from 2019 to 2027. Text analytics is the analysis of unstructured text data, extracting appropriate data, and transforming it into structured format that leveraged in several ways. Extraction and analysis used in text analytics take an advantage of techniques that originate in computational statistics, linguistics, and several other computer science disciplines.
The global tax management market is increasing significantly, anticipated to expand at a CAGR of 12.3% during the estimated period from 2019 to 2027, starting from US$ 16.22 Bn in 2018. The global tax management market is majorly driven by the increasing financial transaction volume and rising tax rules & regulations worldwide. The rapidly growing global payments revenue is another major factor expected to enhance the market growth.
Globally, the solar inverter market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027, starting from US$6.9 Bn in 2018. The solar inverter or Photovoltaic (PV) inverter are used to convert the direct current (DC) produced from the solar panels into alternative current (AC) which can be used for commercial, residential and industrial purposes. The rising demand for energy and power is an essential factor for the growth of the solar inverter globally, as the prices for non-renewable source of energy.
The global smoke detector market is poised to reach US$ 3.01 Bn by 2027, expanding at a CAGR of 9.0% during the forecast period from 2019 to 2027. Increasing safety concerns for residential and commercial buildings and mounting penetration towards smart homes are perpetually growing the demand for smoke detectors. In addition, the integration of smoke detectors with digitization like IoT and AI are identified as the major factors driving demand for smoke detectors worldwide.