The Digital Last-Mile Platform segment is experiencing a profound evolution and expansion, largely fuelled by the burgeoning e-commerce landscape. The advent of online shopping has substantially escalated the demand for efficient and seamless last-mile delivery services. In response, digital last-mile platforms have emerged as a solution to optimize and...
In recent years, the agriculture sector is turning more and more towards sustainability, a phenomenon of searching for eco-friendly techniques instead of traditional practices. One such example of the use of electric tractors that would mitigate greenhouse gas emissions plus cost-effectiveness. This article explores the potential of electric tractors and how...
In a recent market analysis by Fact.MR, a leading provider of market research and competitive intelligence, it's been unveiled that the global demand for parking management systems is expected to soar, reaching a market value of US$ 5.6 billion by 2024. Anticipated to maintain this growth trajectory, the Parking Management System Market is forecasted...
The traditional business approach, aimed at reducing material risks and increasing profitability, is waning in response to the market's changing needs, where neglecting sustainability means jeopardising the entire universe, not only the human race. This paradigm shift pursued the policymakers to steer the world towards sustainable avenues in both...
At first glance, the subject of renewable energy seems like a truly controversial matter, eliciting conversations and debates between advocates of climate change action and those seeking to protect their economic advantage. In a broader sense, however, there appears to be a nexus between renewable energy and economic growth....
In the dynamic landscape of technological innovation, the intersection of artificial intelligence (AI) and biometric systems has emerged as a beacon of enhanced security and efficiency. The AI-enabled biometric market, valued at US$ 12.7 billion in 2022, is poised to skyrocket, projected to reach a staggering US$ 50.5 billion...
According to a recent analysis conducted by Fact.MR, a leading provider of market research and competitive intelligence, the global powered smart card market is anticipated to reach a value of US$ 14.5 billion by 2024, with a projected compound annual growth rate (CAGR) of 5.2% from 2024 to 2034.Powered smart cards offer advanced functionalities and heightened...
The global electronic access control system value surpassed US$11bn in 2020 at a CAGR of 7.5% during the historical period of 2016 and 2020. The global electronic access control system market is expanding at a steady pace, exhibiting growth at 8.3% CAGR between 2021 and 2031. As per Fact.MR Analysis, the market is expected to reach valuation of US$21.2 bn by the...
The global predictive maintenance market is poised to reach a market value of US$ 45.5 Billion, with a projected Compound Annual Growth Rate (CAGR) of 21.9% from 2022 to 2032. This growth is primarily fueled by rapid digitization and increasing urbanization trends.Technological advancements in machine-to-machine communication, artificial intelligence, and big data analytics have...
The global electrical steel market size was valued at US$ 25.9 billion in 2022 and expected to grow at a CAGR of 8.5% to reach US$ 55.1 billion by the end of 2032.Electrical steel, also known as silicon steel or transformer steel, plays a crucial role in the generation,...