Globally, the stretch blow molding machines market is expected to grow with a CAGR of 2.8% during the forecast period from 2019 to 2027, starting from US$755.6 Mn in 2018. The stretch blow molding machines are used for the production of containers and plastic bottles. At present, these machines are specially used in the manufacturing of soda bottles. These machines enable reliable manufacturing processes including bottle design, bottle molds, air preparation, and others.
Storage Area Netwrok (SAN) market expected to reach at the market value of US$ 25.8 Bn in 2027, with promising CAGR during the forecast period from 2019 to 2027. Storage area network (SAN) refers to the network with primary purpose to transfer data across computer systems and storage elements. SAN includes management layer that organizes storage elements, connections and computer systems so that data transfer becomes more secured and robust. SAN eliminates any constraints to amount of data that server can access.
Rising inclination of industries towards self-generating power sources to reduce the risk of power disruption is driving the market of stationary fuel cells, worldwide. Also, the declining cost of fuel cell technology along with growing awareness among consumers for the use of clean energy is also increasing the market growth. Low emission and fewer efficiency losses during transportation are popularizing the use of stationary fuel cells in the number of applications.
The global spinal muscular atrophy treatment market is growing proficiently, expected to grow at a CAGR of 14.5%. Globally, the increasing incidence of SMA along with improved treatment management by innovative gene therapy and drugs will drive the growth of the market. Increasing awareness, FDA approval for new drugs, partnerships for enhanced R&D and private funding will boost the overall demand of SMA treatment on a global scale.
The global spinal fusion market is growing competently, expected to grow at a CAGR of 5.8%. Worldwide, increasing open and minimally invasive spine surgeries has significantly increased the revenue of spinal fusion devices. Growing geriatric population are more vulnerable to spine disorders, increasing incidences of fracture, trauma, deformity, tumor, scoliosis, and degenerative spine disorders globally will enhance the growth of the global spinal fusion market. Innovative product launches along with improvement in anterior/posterior spinal fusion procedures are factors driving the growth of the market.
Globally, the specific gravity bench apparatus market is expected to grow with a CAGR of 2.1% during the forecast period from 2019 to 2027. At present, the specific gravity bench apparatus market showing lucrative growth throughout the forecast period. The specific gravity bench apparatus is designed to determine the specific gravity of a test liquid comprising refractory bricks, concrete, and other materials. These apparatus uses a filling drop method to describe the gravity of the liquid.
The global specialty synthetic & glass fiber market accounted for US$ 64.3 Bn in 2018 and is growing at a CAGR of 6.5% throughout the forecast period from 2019 to 2027. Cutting-edge research and development has resulted in creating new fibers which expand beyond conventional, natural and organic ones. This in turn has resulted into development of innovative products for various end-use industries including, healthcare, and automotive among others.
The global specialty fuel additives market accounted for US$ 7.13 Bn in 2018 and is anticipated to grow to US$ 11.20 Bn growing at a CAGR of 5.8% throughout the forecast period from 2019 to 2027. The rising emphasis to produce clean energy and fuels without compromising the efficiency coupled with rising awareness about conservation of resources and sustainable development are some of the major factors driving the specialty fuel additives market growth.
Globally, the spear phishing protection market anticipated to grow with a CAGR of 11.60% during the forecast period from 2019 to 2027 and had registered a market value of US$ 923.65 million in 2018. Spear phishing is defined as an email or electronic communications scam which has been targeted to an individual, business, enterprises or organization. The rising digitalization has increased criminal activities such as stealing data for malicious purposes.
The global spark plugs market is poised to reach US$ 10.98 Bn by 2027, expanding at a CAGR of 5.7% during the forecast period from 2019 to 2027. Rising sales and production of automotive vehicles, introduction and development of advanced spark plugs, and growing trend of environment friendly spark plugs is expected to boost the demand for spark plugs.
The solid tumor cancer treatment market is set to reach from US$ 121.3 Bn in 2018 to US$ 424.6 Bn by 2027 at a compound annual growth rate (CAGR) of 15.0% during the forecast period from 2019 to 2027. According to the latest statistics presented by the World Health Organization (WHO) in 2018, approximately 9.6 million people are estimated to die due to cancer; they also claim that 30 to 50% of cancer can be prevented with early diagnosis and effective treatment regimen.
The global solar pumps market is poised to reach US$ 1.81 Bn by 2027, expanding at a CAGR of 8.4% during the forecast period from 2019 to 2027. Government subsidies, increase in the number of agricultural activities, rising need for livestock drinking water facility, ease of convenience and low operation & maintenance cost are expected to drive the solar pumps market.
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$6.9 Bn in 2018. The solar inverter or Photovoltaic (PV) inverter are used to convert the direct current (DC) produced from the solar panels into alternative current (AC) which can be used for commercial, residential and industrial purposes. The rising demand for energy and power is an essential factor for the growth of the solar inverter globally, as the prices for non-renewable source of energy.
Soil moisture sensor is used to monitor the moisture of the soil by measuring volumetric water content of soil. Increasing scarcity of water resource, has increased adoption of the soil moisture sensors market in a wide range of applications such as agriculture purpose, sports turf & ground, weather forecasting, forestry, residential use, landscaping and ground care, research studies, and construction.
Software-defined data center accounted for the market value of US$ 34.6 Bn in 2018, and expected to grow with promising CAGR of 16.4% across the forecast period from 2019 to 2027. By leveraging capabilities of software-defined data center, IT infrastructure enables to provide high availability and recoverability for all workloads. Such technology offers flexible models for disaster recovery that offers to lessen downtime from site or local failures.
The software defined perimeter (SDP) market worldwide is expected to grow with a CAGR of 36.0% during the forecast period from 2019 to 2027, starting from US$ 1.84 Bn in 2018. Rising demand for cloud based services; scalable and programmable security architecture is driving the software defined perimeter (SDP) market. Software Defined Perimeter (SDP) is a security system that enables management, configuration and control of information without human intervention. The emergence of IoT (Intenet of things) and changes in bring your own device (BYOD) trends shall further fuel the growth of the market. Therefore, we expect that the software defined perimeter (SDP) market will show significant growth during the forecast period.
The soft skill management market is expected to grow at a CAGR of 12.5% during the forecast period from 2019 to 2027, starting from US$ 38,972.9 Mn in 2027. Soft skills are defined as the attitudes, personality traits, habits, and behaviors of a person that is displayed by them during working with others. These skills play a vital role in any organization as it enhances the functionality and productivity of an organization.
Globally, the social TV market is expected to grow with a CAGR of 11.5% during the forecast period from 2019 to 2027. The market is driven by the growing adoption of the social media platform across the globe. Over the last decade, social media platform has emerged as the most disruptive trend worldwide. It has significantly changed the way people used to communicate access information and entertain themselves. The total number of social media users are estimated to around 3.5 billion in 2019 i.e. approx 33% of the world population, and the number is further estimated to increase in the future.
The global sneakers market is projected to witness a significant growth, growing with a CAGR of 6.8% during the forecast period from 2019 to 2027. Sneakers are varied into different categories mainly athletic shoes, gym shoes and many more. Sneakers were basically designed for various sports activities but now-a-days are used for everyday wear. Manufacturers are focusing on sustainable resources for manufacturing these shoes. For instance, according to the annual report of Puma SE, Puma is going to arrange 90% of its cotton and polyester from sustainable sources.
The global snack bars market is growing substantially, anticipated to expand at CAGR of 6.9% throughout the forecast period from 2019 to 2027, starting from US$ 21.67 Bn in 2018. The surge in changing food preferences coupled with growing health consciousness among consumers are expected to drive the global snack bars market. The rapidly growing snack food sales around the globe is further anticipated to boost market demand.