The power management integrated circuit market is poised to touch US$ 51.7 Bn by 2027, growing at a CAGR of 6.5% during an estimated timeframe from 2019 to 2027 on a global scale. Growing adoption of energy-efficient consumer electronics, rising demand of smartphones & tablets, continuous expansion of automotive & industrial sectors and increasing use of battery-powered devices in telecommunication and healthcare sectors is projected to ensure continued growth for power management integrated circuit in the years to come.
The global policy management software market is growing immensely, projected to expand at a CAGR of 17.8% during the estimated period from 2019 to 2027, starting from US$ 2,220.0 Mn in 2018. The global policy management software market is growing immensely, projected to expand at a CAGR of 17.8% during the estimated period from 2019 to 2027, starting from US$ 2,220.0 Mn in 2018.
Electricity supply has become a lifeline for the modern day living as well as industrial sector. Almost every operation in industrial manufacturing and processing, construction, power generation, and many other fields cannot be executed without a safe and uninterrupted supply of electricity.
The global intelligent virtual assistant market was valued at US$ 2.65 Bn in 2018 and is projected to expand at a CAGR of 40.9% during the forecast period from 2019 to 2027. The developments made recently in the field of natural language processing, conversation interfaces, machine learning, and automation are factors proliferating the demand for intelligent virtual assistants.
The global direct to consumer microbiome analyzing market is growing efficiently, expected to grow at a CAGR of 11.8%. Globally, growing prevalence of chronic diseases along with gut infections has significantly increased the revenue of microbiome testing kits. New product launches along with raised funding for genome testing, and promising pipeline microbiome analyzing products in the DNA testing industry are factors driving the overall growth of direct to consumer microbiome analyzing market globally.
The global aluminum caps & closures market is rising significantly, anticipated to expand at a CAGR of 4.3% during the estimated period from 2019 to 2027, starting from US$ 5.60 Bn in 2018. The rising concerns for product security and safety along with growing demand for convenience packaging solutions the market is growing substantially.
Global abrasives market is expected to grow at the CAGR of 6% during 2015-2022. The global abrasives market is majorly driven by the significant rise in automotive, medical device and electronic market. Global increase in electronic production has created huge scope for global abrasives market. Global abrasives market by product such as bonded abrasives, coated abrasives, raw super abrasives, steel abrasives and so on is creating huge scope in global abrasives market.