Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Dual SIM Smartphones is projected to reach 1.6 billion units by 2024 , driven by growing consumer preference for mixing and matching multiple service providers’ data and voice plans; ubiquitous use of smartphones for performing both personal and professional tasks; and launch of smartphone models offering enhanced savings, portability, flexibility, and functionality. Defined as a mobile phone capable of holding two Subscriber Identity Modules (SIM) cards, dual SIM smartphones were initially launched in the low-end, feature phone market segment. Combining the functionalities of mobile phones with the computing ability of PDAs and laptops and the added benefit of an extra SIM card, dual SIM smartphones have struck the right chord among people in all walks of life, be it a student or a working professional, particularly in the cost conscious and volume driven developing countries. With the evolution and rapid penetration of smartphones, and the unrivalled level...

The global market for Tungsten is projected to exceed 125 thousand metric tons by 2024 , driven by the growing prominence of Tungsten as the new and efficient manufacturing material with remarkable qualities of hardness yet malleable, highest melting point, superior tensile strength, and lowest coefficient of thermal expansion. Tungsten, also known as Wolfram, is an important refractory metal and finds widespread applications on account of its high melting point. Tungsten is used in TIG welding electrodes, X-ray tubes, radiation shielding and super-alloys. Tungsten is also used in military applications primarily for projectiles and in tungsten carbide based tools on account of its high density and hardness. Compounds of tungsten are also employed as industrial catalysts. Tungsten, the hardest metal with unique property is used in a multitude of industries, from petroleum exploration to circuit boards. Driven by the advent of advanced technologies, demand for tungsten is gaining ...

The global market for Private Tutoring Services is forecast to reach US$260.7 billion by 2024 , driven by factors such as growing competition among students to achieve academic excellence and gain entry into selective schools and universities, inability of working parents to assist their children with schoolwork, inadequacy of mainstream schools in meeting student needs, rise in student population, and growing adoption of online tutoring. Tutoring , a key constituent of the global education industry, is primarily aimed at improving a student’s learning capabilities and confidence. Growth in the private tutoring industry is mainly attributed to the limitation of the standard education system to address the unique needs of each student. Demand for private tuitions in several countries is also driven by growing competition among students to gain entry into the best universities and preparatory schools and pursue a career of choice. Inability of working parents to assist their child...

The global market for Nanocoatings is projected to reach US$16.5 billion by 2024 , driven by the convergence of molecular science and nanotechnology and the ensuing expanding role played by nanocoatings in the vital field of surface protection. The coatings industry has always been characterized by the need to develop products that offer in addition to aesthetic and decorative appeal, functional performance features, such as, better strength, flexibility, transparency, gloss and protection of coated surfaces. In a bid to add new functionalities and capabilities to meet high performance standards, coating manufacturers are increasingly exploring new technologies that can offer desired results and help them expand market share and gain competitive advantage. Nanotechnology in this regard promises to offer coating manufacturers the opportunity and the ability to develop coatings with numerous cutting edge functional properties. Use of nanomaterials in the production of coatings has...

The global market for Cloud Services Brokerage (CSB) is forecast to reach US$16.4 billion by 2024 , driven by growing cloud service commoditization; migration beyond single cloud into multi-cloud environments and the ensuing need for well-crafted management of multiple clouds.   With rapid proliferation of cloud computing, basic cloud services are becoming increasingly commoditized with every service provider offering similar services with very little scope for differentiation. Standardization of service delivery models, service quality, and pricing mechanisms have played key roles in the commoditization of cloud services. Also, commoditization of cloud services comprising SaaS, PaaS and IaaS is seen as inevitable and supporting this school of thought is the “Bezos’ Law” which like the Moore’s Law in electronics/computing states that price of each unit of cloud computing power will reduce by 50% every three years. Explosion of cloud service providers in the market are furthe...

Global Calibration Services market is projected to reach US$8.8 billion by 2024 , driven by the rising significance of periodic calibrations of industrial measuring equipment in ensuring quality control and maintaining tolerances of manufacturing processes especially in the current era of smart manufacturing. Calibration is the process of comparing a reading on one instrument with another instrument that has been calibration and referenced to a set of known parameters. Calibration process is aimed at eliminating or minimizing uncertainties by ensuring that test instruments give accurate results. Calibration hence not only quantifies errors or uncertainties but also ensures control over them during the measurement processes to maintain them within an acceptable level. Majority of the large manufacturers undertake periodic calibration services to ensure that all instrumentation and equipment are working precisely, as per manufacturer's specifications. Though some calibration ta...

The global market for Traditional Wound Management Products is projected to reach US$ 7.75 billion by the year 2024 , driven by the ubiquitous need for   adhesive bandages, topical ointments and gauzes as the first line of care for all types of injuries and wounds. Facing growing competition from newer and highly advanced products that offer faster wound healing, the global traditional wound care market (comprising topical ointment, adhesive bandages, and gauzes) is witnessing steady growth. Key factors driving growth of this market include increasing aging population, trend towards self-healthcare, and increasing awareness regarding the need for emergency first aid. Therefore, despite growing transition to advanced products both in the developing and developed economies, traditional wound management products are expected to continue to account for the bulk of the overall wound management products at least through the near term, given their cost effectiveness, easy avai...