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Showing posts with the label Smart Technologies

Artificial Intelligence And Machine Learning Are Fueling Growth Of Assessment Services Market

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Assessment Services Market The global Assessment Services Market is estimated to be valued at US$ 14.83 Bn in 2022 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Assessment services help companies evaluate candidates for recruitment based on attributes like critical thinking, decision making, problem solving etc. Employers use these tools to hire best talent aligned with organizational goals and culture. Services include cognitive ability tests, personality tests, situational judgement tests, remote proctoring and AI powered video interviews. Market key trends: The growing adoption of data-driven talent selection strategies coupled with developments in AI and machine learning is driving demand for assessment services. Use of algorithms and neural networks powered by big data helps analyze candidate attributes and person-organization fit more objectively. Virtual asses...

Utility Markers Market Size, Status, Top Emerging Trends, Growth and Business Opportunities 2023 - 2030

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Utility Markers Market The global Utility Markers Market is estimated to be valued at US$ 4.53 Bn or Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Utility markers are devices that are used to mark and label the location of underground public utility lines including electric, gas, water, sewer and telecommunication lines to prevent accidental digging damage. They help contractors and excavators easily identify the specific underground utility lines to avoid injuries, service disruptions and costly repairs. Advantages of utility markers include safety, convenience and compliance with damage prevention regulations. Market key trends: One of the major trends in the utility markers market is the growing adoption of GPS and GIS technologies. Utility owners are increasingly using geographic information systems (GIS) and global positioning system (GPS) technolo...

North America to Dominate the Global Quick E-Commerce Market

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Quick E-Commerce Market The global Quick E-Commerce (Quick Commerce) Market is estimated to be valued at US$ 38.89 Bn in 2023 and is expected to exhibit a CAGR of 34.1% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The quick commerce market involves delivering groceries and everyday essential items to customers within a few minutes upon order placement. It provides on-demand convenience to busy customers who need their daily supplies in no time. The quick delivery model is revolutionizing the way people shop for their daily and emergency needs. Market key trends: One of the key trends driving the quick commerce market is the growing preference of consumers towards convenience. More people are opting for on-demand delivery services instead of visiting stores due to their busy lifestyles and schedules. Additionally, innovative logistics and warehouse management by quick commerce players allow them to offer d...

Growing Demand for Weed Control Products Drives Global Weed Control Market

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Weed Control Market Market Overview: The global weed control market is projected to reach a value of US$ 30.33 billion in 2023, with a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2023 to 2030. Weed control products are extensively used to manage and prevent the growth of unwanted plants or weeds in agriculture, forestry, and other industries. These products offer various advantages such as improving crop yield, reducing competition for nutrients, water, and sunlight, and minimizing the use of manual labor. The need for these products arises from the detrimental impact of weeds on crop growth as they compete for resources, harbor pests and diseases, and reduce overall productivity of land. Thus, the increasing demand for weed control products is expected to drive the growth of the global weed control market. Market Key Trends: One of the key trends observed in the global weed control market is the growing adoption of herbicide-resistant crop varieties. ...

Biometric Card Market Set to Show Substantial Growth in the Coming Future

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Biometric Card Market Market Overview: Biometric cards are revolutionizing the security industry, providing enhanced authentication and identification capabilities. These cards incorporate biometric technology, such as fingerprint or iris recognition, to provide secure access to sensitive areas or data. The market for biometric cards is witnessing significant growth due to the increasing need for advanced security solutions in various sectors, including banking, healthcare, and government agencies. Biometric cards offer advantages such as enhanced security, convenience, and reduced fraudulent activities, which are driving their adoption globally. Market Key Trends: One of the key trends in the biometric card market is the integration of multiple biometric modalities. Traditionally, biometric cards have primarily relied on fingerprint recognition. However, advancements in technology have enabled the integration of additional biometric modalities, such as iris recognition and facial rec...

Low Code Development Platform Market to Reach US$7.61 Billion by 2021

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Low Code Development Platform Market Market Overview: The global Low Code Development Platform Market is estimated to be valued at USD 7.61 billion in 2021, growing at a CAGR of 26.8% during the forecast period (incorporate given forecast period), according to a report published by Coherent Market Insights. Low code development platforms offer several advantages, including faster development cycles, reduced costs, and improved collaboration among teams. These platforms are in high demand across various industries, including healthcare, banking, retail, and manufacturing, as they enable businesses to develop and deploy applications at a faster pace. The need for innovative applications to stay ahead in the highly competitive business environment is further driving the growth of the low code development platform market. Market Key Trends: An emerging and significant trend in the low code development platform market is the rising adoption of cloud-based platforms. Cloud-based low code ...

Biometric Card Market to Reach US$15.55 Million by 2021, Dominated by Shanghai Fudan Microelectronics Group Co. Ltd

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Biometric Card Market  Market Overview: The global Biometric Card Market is estimated to be valued at US$15.55 million in 2021 and is expected to exhibit a CAGR of 77.3% over the forecast period from 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Biometric cards are innovative payment cards that use biometric technology, such as fingerprint recognition, to provide secure and convenient transactions. These cards offer various advantages such as improved security, faster authentication process, and reduced fraud incidents. With the increasing need for secure payment solutions and the growing adoption of biometric technology, the demand for biometric cards is anticipated to witness significant growth in the coming years. Market key trends: One of the key trends in the biometric card market is the growing adoption of biometric payment cards by leading players. Shanghai Fudan Microelectronics Group Co. Ltd., Zwipe AS, Samsung's System LSI Business,...

Decarbonization Service Market to Reach US$ 69.73 Billion by 2023-2030

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Decarbonization Service Market The global Decarbonization Service Market is estimated to be valued at US$ 69.73 billion in 2023 and is expected to exhibit a CAGR of 12.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Decarbonization services aim to reduce carbon emissions by implementing various strategies, technologies, and processes. These services help organizations achieve their sustainability goals by transitioning to low-carbon practices. The increasing environmental concerns and stringent government regulations to curb greenhouse gas emissions are driving the demand for decarbonization services. These services offer numerous advantages, including improved energy efficiency, reduced operational costs, and enhanced brand reputation. The need for decarbonization services is growing across various sectors, including energy, transportation, manufacturing, and construction, as organizations strive to ac...

Global Advanced Oxidation Technologies Market Is Estimated To Witness High Growth Owing To Increasing Focus on Environmental Sustainability

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Advanced Oxidation Technologies Market The global Advanced Oxidation Technologies Market is estimated to be valued at US$7.09 billion in 2022 and is expected to exhibit a CAGR of 9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Advanced oxidation technologies refer to a set of chemical treatment processes that involve the use of powerful oxidizing agents to eliminate organic and inorganic pollutants from water and air. These technologies are highly efficient in removing a wide range of contaminants, including volatile organic compounds (VOCs), endocrine disruptors, pharmaceutical compounds, pesticides, and industrial pollutants. The market for advanced oxidation technologies is driven by the growing need for water and air purification in various end-use industries such as manufacturing, healthcare, food and beverages, and municipal water treatment. Market key trends: One key trend driving the growth of the a...

Global Digital Fabrication Market is Estimated to Witness High Growth Owing to Increasing Adoption of 3D Printing Technology

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Digital Fabrication Market The global Digital Fabrication Market is estimated to be valued at US$ 38.01 billion in 2023 and is expected to exhibit a CAGR of 30% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The digital fabrication market encompasses the use of advanced technologies such as 3D printing, computer numerical control (CNC) machining, and laser cutting to create physical objects from digital designs. These technologies offer several advantages, including high precision, customization, reduced time and cost, and the ability to create complex structures. The need for digital fabrication products arises in various industries such as aerospace, automotive, healthcare, and consumer goods. Market Key Trends: One key trend in the global digital fabrication market is the increasing adoption of 3D printing technology. 3D printing allows the production of three-dimensional objects by adding successive laye...

Global Carbon Verification Market Is Estimated To Witness High Growth Owing To Increasing Environmental Concerns

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Carbon Verification Market The global Carbon Verification Market is estimated to be valued at US$ 12.73 billion in 2023 and is expected to exhibit a CAGR of 26% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Carbon verification refers to the process of verifying and validating carbon emissions and reduction claims made by organizations. It involves assessing and verifying the accuracy and validity of carbon footprint reports, greenhouse gas inventories, and emission reduction projects. The main advantage of carbon verification is that it provides transparency and credibility to organizations' claims about their environmental performance. This, in turn, helps companies build trust with stakeholders, investors, and consumers. The need for carbon verification products and services is increasing as organizations are becoming more aware of their carbon emissions and the impact they have on the environment. W...

Globa Market Is Estimated To Witness High Growth Owing To Increasing Adoption Of Biometric Systems

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Iris Recognition Market The global Iris Recognition Market is estimated to be valued at US$ 3422.4 Mn in 2022 and is expected to exhibit a CAGR of 18.5% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview Iris recognition is a biometric technology that uses the unique patterns of an individual's iris to identify and authenticate their identity. The iris, which is the colored part of the eye, contains intricate patterns that are unique to each individual. Iris recognition systems capture these patterns and use them for identification purposes. This technology offers several advantages over other biometric technologies such as fingerprint and face recognition, including higher accuracy and better resistance to spoofing. The need for iris recognition technology has grown significantly in recent years due to the increasing adoption of biometric systems across various industries. These systems are used for secure acc...