Pipeline

The airlines category is anticipated to grow at a CAGR of 7% from 2023 to 2030. The North America region accounts for the largest share. This category is expected to experience significant growth due to the rapid increase in air passenger traffic, and a strong focus on improving the passenger experience. This category expansion is being driven by ongoing advancements in wireless technology and a rising preference for intelligent airport designs. One of the major technologies in the airline industry is the use of blockchain to track luggage, improve passenger comfort and flight data security while obtaining greater transparency and efficiency. 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 virtual reality. Similarly, in 2022, Bangalore International Airport in c...

The commercial real estate services category is expected to grow at a CAGR of 5.1% from 2023 to 2030. The rising inflation Fed interest rate, and the post-pandemic situation have slowed down the commercial real estate sector across the globe. However, with the normalization of COVID-19, companies plan to increase their physical presence. On the other hand, multifamily, and industrial asset classes have performed well. In 2023, the Industrial segment of the commercial real estate category has continued to showcase strength. The demand for warehouse and distribution space has been bolstered by increasing e-commerce sales and disruptions in the supply chain. According to the National Association of Realtors April 2023 report, the industrial vacancy rate stands at a low of 4.3%. Additionally, the industrial rent growth rate remains robust, reaching 10.3%. Warehouses have experienced an impressive 11.7% growth in rental prices. Commercial real estate service providers are focusing on adopt...

The electric coolant pumps category is expected to grow at a CAGR of 16.5% from 2023 to 2030. In 2022, the Asia Pacific region dominated the e-pumps category with 40% of the total share. Some of the key factors influencing the sales of electric vehicles (EVs) include the rising levels of vehicle pollutants, rising fuel prices, and the incentives provided by different governments to encourage the use of EVs. All these factors are in turn driving the demand for electric coolant pumps. Fluctuations in the prices of raw materials are expected to hamper the category's growth. Supply chain problems in various regions, particularly in Europe, were aggravated by the Russian-Ukrainian war in 2022. This in turn affected the general pricing dynamics of the electric pump category. Germany was obliged to severely scale back or, in some cases, cease its automotive activities as a result of the crisis, which made the country's economy worse. Raw materials are sourced from different countries...

The battery cooling plates category is anticipated to grow at a CAGR of 35.7% from 2023 to 2030 with APAC having the highest share. Government policies and rising environmental consciousness are driving the demand for electric vehicles and hybrid electric vehicles which in turn require efficient thermal management and battery cooling systems. While these plates may be utilized in any business that requires thermal management of batteries, the trends in the industry largely revolve around the automotive sector, such as: • Valeo intended to provide battery cooling solutions for a high-volume electric car platform from a big German automaker in 2020. Furthermore, in 2021, European manufacturers were the first to incorporate Valeo's HVAC solutions based on a heat pump and a natural refrigerant into their EVs. In addition, the firm will soon provide retrofit thermal modules. • Matter, a technological start-up, launched the Matter Energy 1.0 battery pack in April 2022, which has an ...

The legal services category is expected to grow at a CAGR of 5.3% from 2023 to 2030. The legal industry has undergone a transformation transformed due to the rise of Artificial Intelligence (AI). AI-powered software has become crucial in enabling law firms and lawyers to streamline their processes, saving valuable time. Automation tools enhance the efficiency of document creation and review, while collaborative platforms further simplify documentation procedures. These technological innovations help attorneys reduce costs and enhance convenience. A growing number of law firms are using chatbots to improve their operational efficiency, ultimately saving them and their client’s time and money. These chatbots are capable of aiding legal companies in tasks such as digitizing data, searching for lawyer-specific documents, and handling various other activities. Additionally, they can assist in tasks like following up with unresponsive clients and gathering crucial information through automa...

The media buying and planning category is projected to witness growth at a CAGR of 5.2% from 2023 to 2030. In 2022, North America dominated the global category and held a share of 38% of the global market. Growth in this region is attributed to a high concentration of network agencies, centralized contracts, extensive geographical presence, and high technological adoption. In addition, the increasing use of social media, online platforms, and streaming services is leading to a surge in demand for the category in this region. In 2022, Europe accounted for the second-largest share of the global market. Key factors driving the European market include a surge in e-commerce channels, deployment of cloud-based & SaaS solutions in media planning software, and presence of key service providers. Asia Pacific is anticipated to witness the fastest growth rate during the forecasted period. Key drivers supporting the growth of this region include rising technological penetration, increasing co...

The HR consulting category is expected to grow at a CAGR of 6.1% from 2023 to 2030. The growing businesses across the globe have changed the way HR consulting firms handle the human capital and HR functions of their clients. The rising need for talent management, diversity and inclusion, employee experience, and digital transformation is driving the category’s growth of category. With the changing employee management dynamics, human resource consulting firms are adapting and innovating their strategies to meet clients’ expectations. The focus on providing solutions to a hybrid-working model is the most important trend that was quickly adopted by the consulting companies since 2021, following the pandemic. According to Alp Consulting’s 2022 report, 81% of businesses believe the hybrid model is the preferred working model. Allowing employees to opt for work from home has been on the rise, as it enables companies to cut down on operational costs. This has encouraged employees to work at ...

The emphasis is on the procurement aspect of obtaining mining exploration services , ensuring that the necessary resources and expertise are secured to carry out successful mining exploration activities. The global mining market is anticipated to grow at a CAGR of 6.5% from 2024 to 2030. The five key stages of mining include exploration, discovery, development, production, and reclamation. Under this global industry, mining exploration services are also anticipated to follow the industry CAGR of 6.5% during the forecast period. Mining exploration, sometimes known as mineral exploration, is a multidimensional process that attempts to limit the search space to identify new mineral reserves. A few examples include - industrial raw materials (such as sulphur, salts, limestone, fertilizer minerals, etc.), ore extraction from metals (such as copper, zinc, iron ores, etc.), gemstones (such as opals and diamonds), and solid fuels (such as uranium, coal, and oil shale). Several surveys, whether...

The plastic bottles procurement is gaining traction as beverage companies are seeking lightweight packaging solutions. The plastic bottles market is anticipated to grow at a CAGR of 4.2% from 2024 to 2030. The demand for the product is primarily driven by the beverage industry’s need for lightweight, durable, and cost-effective packaging solutions, coupled with the increasing consumption of bottled water and soft drinks globally. Additionally, the growing popularity of a convenience-oriented lifestyle further fuels the demand for single-use bottles. The development of recycled and biodegradable bottles is creating new opportunities for businesses in the plastic bottle industry to focus on sustainable bottles. Sustainable packaging is gaining more importance due to the rising impact of plastics on the environment. The plastic waste crisis has become the most challenging environmental issue nowadays. The growing demand for the procurement of sustainable packaging solutions is driving in...

The procurement of propylene glycol usually entails the sourcing of this synthetic organic compound, primarily for applications such as polyurethane production, cosmetics, anti-freeze, pharmaceuticals, and food additives. The global propylene glycol market is predicted to grow at a CAGR of 6.1% from 2024 to 2030. Key factors driving the growth of this industry include rising demand from food & beverages, growing usage in cosmetics and personal care products such as skin care and toiletries, expanding applications in pharmaceuticals, rising demand for petroleum-based propylene glycol, and a recent drop in crude oil prices. For instance, recently, the crude oil (brent) prices dropped from USD 91 / barrel in October 2023 to USD 80 / barrel in February 2024. This reduced production costs for propylene glycol suppliers, drove down its prices, and improved its demand from downstream industries. Market sentiment for propylene glycol also improved in this period. Key trends impacting the ...

The global  mobile application development  category is anticipated to grow at a CAGR of 24.8% from 2024 to 2030. Key factors driving the growth of the category include enormous penetration of smartphones across the globe, rising number of cell phone users utilizing internet, supplemented by uninterrupted and fast internet connectivity, and rising prevalence of advanced technologies in application development, such as artificial intelligence (AI) and machine learning (ML). The likelihood of using mobile devices, the internet, and various social media platforms is higher in sophisticated economies nowadays. Internet connectivity is more common among younger individuals, those with higher incomes and educational levels, and in both developed and developing nations. These elements will further propel the category. However, mobile application development requires significant investment and costs may vary based on different variables. This may hinder the growth of global category o...