Latest Market Research Reports

  Mining Equipment   Procurement Intelligence The mining equipment category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030.  Mining activities are increasing to extract metals and minerals from the earth in response to the growing demand for these resources, driving the growth of the category. Moreover, the adoption of natural complex and mineral resources such as diamond, iron ore, coal, and uranium, coupled with the increase in the need for mineral fertilizers to enhance agricultural yield supplements are fueling the demand for the category. The rising utilization of technologies such as IoT, sensors, and automation is reducing the labor cost and operational time associated with the activities. For instance, radar sensors are being used to process bulk solids whereas magnetic susceptibility meters and spectrometers are being used to detect wear and tear in mining equipment. All these factors result in a demand for innovative equipment. Order your copy of the...

  Payment Processing Solutions   Procurement Intelligence The payment processing solutions category is anticipated to grow at a CAGR of 14.5% from 2023 to 2030.  The major types of payment processing solutions include credit/debit cards, e-wallets, QR codes, and bank transfers. Credit cards accounted for the largest share, by payment method in 2022, with 44% of the total share. Companies and consumers are increasingly moving away from traditional payment modes like cash or cheques to digital payments spurred by the pandemic and technological innovations. Peer-to-peer payment (P2P) networks and mobile wallets are becoming more popular owing to their ease and real-time transaction possibilities. Furthermore, the limits of security are being pushed by AI-driven payment systems and biometric verification. More than 84% of consumers use P2P service in 2023. Order your copy of the Payment Processing Solutions category procurement intelligence report 2023-2030 , published by Gra...

  Medical Writing Category Overview The global medical writing category is anticipated to grow at a CAGR of 10.46% from 2023 to 2030. Growth of the category can be attributed to rising demand for regulatory writing services, increased focus on drug safety and pharmacovigilance, growing use of outside contractors for medical writing, rising emphasis on clinical research and evidence-based medicine, and shortage of proficient medical writers. With the proliferation of healthcare services, there’s an increased need for medical writers who can produce high-quality documents that satisfy regulatory standards and aid in the development and approval of novel medications and therapies. This covers protocols, reports from clinical studies, and various kind of papers required for regulatory filings. However, continuous changes in the regulatory framework for healthcare products may pose a challenge for medical writers in keeping up with the latest developments, which may hinder the growth of...

  Automotive Sensors   Procurement Intelligence The automotive sensors category is expected to grow at a CAGR of 9.4% from 2023 to 2030. This category is driven by the increasing demand for advanced safety features in vehicles due to the rising number of road accidents, the growing trend of vehicle electrification such as electric vehicles, and the increasing demand for sensors that can monitor battery performance and other critical parameters. Additionally, the growth is aided by the increased demand for connected cars, which are designed to collect data on the vehicle's performance and location. It can be used to provide real-time information to the driver and to improve the overall driving performance. Intelligent airports are growing because of the development of Metaverse, a technology that uses a mix of virtual, augmented reality, and advanced internet. For instance, in 2022, Qatar Airways launched QVerse, where visitors can experience Qatar's website through novel virtu...

  Aircraft Tires   Procurement Intelligence The aircraft tires category is anticipated to grow at a CAGR of 5.5% from 2023 to 2030. The U.S. is the world's largest market, with a share of 40%, while Europe is the second largest with 33%. Michelin, Goodyear, Bridgestone, and Dunlop are among the leading manufacturers, accounting for approximately 85% of the market. This category is driven by the demand for military aircraft, UAVs, and commercial planes. They experience wear and tear during takeoff, landing, and taxiing due to intense temperatures and pressures. The condition of the tires is influenced by a series of factors, e.g. weather, rough landing conditions, crossing winds, Antiskid braking actions, and rough runway surfaces, all leading to frequent tire replacement or retreading which leads to increased growth in this category. Order your copy of the Aircraft Tires category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details ...

Shipping Containers Category Overview The shipping containers category is anticipated to grow at a CAGR of 7.1% from 2023 to 2030. The expansion can be attributed to the rise in international trade, facilitated by the digitization of the shipping sector and the rising utilization of specialized containers. Additionally, the container industry has experienced further growth in response to increasing consumer demand. The shipping industry contributes to around 90% of the goods transported. According to the International Chamber of Shipping 2022 report, around 11 billion tons of goods are transported through shipping containers every year. Apart from transportation, shipping containers have also been gaining momentum in the construction industry, from building homes to creating pop-up stores. Shipping containers are used for modular construction as they reduce costs and construction time and are efficient and easy to construct. They are used in the construction of homes, schools, hotels, ...

  Refrigerated Transport Category Overview The refrigerated transport category is anticipated to grow at a CAGR of 7.7% from 2023 to 2030. The growth can be attributed to the rising demand for perishable goods transportation, including fresh produce and pharmaceuticals. The adoption of advanced technologies in refrigeration systems helps in achieving energy efficiency and precise temperature control is driving the demand from various industries. The growing e-commerce sector is another key driver, which is increasing the demand for cold chain logistics to facilitate the transportation of perishable goods that are purchased online. Companies providing category services ensure perishable goods are maintained at the optimum temperature throughout the transportation process. This is achieved by the utilization of advanced sensors and automation in temperature control systems to monitor temperature fluctuation in real-time as it provides accuracy and control over the temperatu...