The quick service restaurant market worldwide is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027, starting from US$ 1.34 Tn in 2018. The prerequisite for reinventing customer experience, improved demand for self-service options and escalating awareness for the same among the consumers is driving the quick service restaurant market. A quick service restaurant acts as a fast food cuisine provider and has nominal table service.
Globally, the quantum dot sensor market is expected to grow with a CAGR of 12.5% during the forecast period from 2019 to 2027. The increasing demand for the energy efficient sensor technology among the consumer electronics is the primary factor accelerating the growth of the market. Quantum dot sensor utilizes minimum energy and captures high definition and maximum portion of an image with the higher accuracy. This is encouraging its adoption among the consumer electronic products such as smartphones, tablets, and digital cameras.
Globally, the purpose built backup appliance market is expected to grow with a CAGR of 10.5% during the forecast period from 2019 to 2027, starting from US$ 4.50 Bn in 2018. The growth of the market is driven by the increasing demand among the enterprises for data protection and recovery infrastructure. As the organization are shifting towards digitalization and the digital data among is growing exponentially, the need among the organizations for storage and recovery of the data also rises.
The global quantum computing market is poised to reach US$ 7,635.38 Mn by 2027, expanding at a CAGR of 34.3% over the forecast period from 2019 to 2027. Increasing complexity in the data sets along with incompetent traditional computing methodology have given birth to an advanced computing technology that works on quantum bits or qubits. Quantum computing encompasses three technology stages that are quantum annealing, non-error corrected quantum computing, and fully-error corrected quantum computing.
The global pulse ingredients market is expected to grow at a CAGR of 4.6% during the forecast period from 2019 to 2027, starting from US$ 15.83 Bn in 2018. The elevated trends for vegan and plant-based products is increasing the demand for pulse-based ingredients globally. Nowadays consumers are more inclined towards using pulse-based ingredients due to its inherent attributes for health benefit. For instance, from the year 2006 to 2016, about 4,900 pulse-based products were launched in North America region.
The global public transport smart cards market is growing proficiently, projected to grow at a CAGR of 10.20% during the expected period from 2019 to 2027, starting from US$ 57.20 Bn in 2018. A smart card is defined as a small computer chip that is used for a fare payment system to keep track on the user's ticketing value. The increase in online payments is one of the factors which is driving the market across the globe.
The global public safety wireless communication systems market accounted for US$ 12.75 Bn in 2018 and is projected to reach US$ 25.60 Bn by 2027, growing at a CAGR of 8.1% throughout the forecast period from 2019 to 2027. Public safety wireless communication systems is currently driven by next-gen mobile technology enablers for meeting the new requirements of public safety. Public safety is one of the key responsibilities of any government including protecting the public from terrorist attacks, crimes and natural disasters.
The global public cloud services market was valued at US$ 182.36 Bn in 2018 and expected to register strong growth, expanding at a CAGR of 16.5% during the forecast period from 2019 to 2027.
The protein bars market expected to grow at a CAGR of 6.7% during the forecast period from 2019 to 2027, starting from US$ 1,250 Mn in 2018. Consumers nowadays are more inclined towards using convenience and high-protein content food products. As per the recent research studies, about 90% of Americans purchase convenience food. Moreover, 25% of consumers opt for the time saving and ready to eat food products. Thereby, increases the demand for protein bars globally.
Globally, the property management software market is expected to grow with a CAGR of 5.8% during the forecast period from 2019 to 2027 and has registered a market value of US$ 13.20 Bn in 2018. The property management software is defined as the application, which is used to perform various operations for residential, commercial, rental properties and hospitality accommodations.
Globally, the professional mobile radio market is expected to grow with a CAGR of 12.3% during the forecast period from 2019 to 2027 and has a market value of around US$ 16.25 Bn in 2018. Professional mobile radio (PMR) is a type of wireless system, which is used for communication during the emergency services. Public organizations, police departments, fire departments, transportation companies, and others also use these systems.
Globally, the professional gear bags market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027 and is expected to reach around US$ 23.60 Bn by the end of 2027. Professional gear bags are specially designed bags with various individual compartments and space for convenience purposes. The professional gear bags are designed as per the equipment, which is needed to be placed in the bags. The increasing outdoor activities are among the consumers such as biking, hiking, photoshoots, trekking, and others are increasing the demand for professional gear bags, as it is convenient for the user to carry the instruments systematically, without displacing any equipment.
The private cloud services market worldwide is expected to grow with a CAGR of 18.9% during the forecast period from 2019 to 2027, starting from US$ 36.72 Bn in 2018. Overall cloud services sector worldwide is witnessing tremendous growth since the past few years with growth rate of more than 20% every year. Of these, private cloud spending has been growing with growth rate of over 25% (year-on-year) since the past five years. Various organizations worldwide have increased their spending on private cloud due to higher security, convenient deployment model, total control and ownership of the setup.
Globally, the printing machines market is expected to grow with a CAGR of 4.5% during the forecast period from 2019 to 2027, starting from $19.50 Bn in 2018. Globally, the requirements of commercial printing are changing as several print service providers are seeking for new ways to stand out in the competitive industry. Factors such as technological advancements, digital advances of the machines, emergence of improved software and mechanized tools and penetration of automation in the industry are the primary factors driving the growth of printing machines market.
Globally, the pressure reducing valve market is expected to grow with a CAGR of 4.2% through the forecast period, up from US$1.50 Bn in 2018. The growth of the market is attributed to the increasing adoption of the pressure reducing valves across the wide range of application across several industry verticals. The valves are widely used to maintain and relieve the pressure of the gas and fluids. The valve reduces the frequency of the unstable pressure and maintains a constant pressure via spring mechanism.
Globally, the predictive maintenance market is expected to grow with a CAGR of 28.5% during the forecast period from 2019 to 2027, starting from US$2.9Bn in 2018. The predictive maintenance is a method, which is used for monitoring of the equipment and devices. These methods enable the user to find the mechanical conditions of the machine and predict the failure of the machine. Moreover, the predictive maintenance allows the user to make the maintenance time to time to reduce the downtime of the production.
The global power tool batteries market is poised to reach US$ 55.04 Bn by 2027, expanding at a CAGR of 7.10% during the forecast period from 2019 to 2027. Increase in number of construction and infrastructure projects, rapid growth in automobile sector, and growing adoption of power tools are identified as the major factors driving demand for power tool batteries worldwide. However, higher cost for cordless tools, higher maintenance cost, and government policies and regulation constraints for its transportation are the major challenges faced by power tool batteries market.
The power system analysis software market worldwide is expected to grow with a CAGR of 9.8% throughout the prediction period from 2019 to 2027, starting from US$ 4.34 Bn in 2018. Rising need for energy generation and increasing penetration of big data analytics are the major reasons driving the market growth. Growing demand for sustainable energy will also gave boost to the market demand. Increased government investments for electricity infrastructure will also give boost to the market growth.
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 power distribution unit market worldwide is expected to grow with a CAGR of 5.9% during the forecast period from 2019 to 2027, starting from US$ 2.24 Bn in 2018. Rising data centers are driving the demand for power distribution units worldwide. Growing power supply concerns and for the reduction of energy losses the demand for power distribution unit is increasing, which helps the market growth. Power distribution units have various benefits includes decrease the effect of carbon emission, real time data collection, remote monitoring and others, which are driving the growth of the market.