Lactic Acid Industry The global lactic acid market size is expected to reach USD 5.80 billion by 2030, expanding at a CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth can be attributed to increasing demand for this product in various end-use industries, including industrial, food & beverages, and pharmaceuticals, especially in emerging economies...

System Integrators Industry The global system integration market size is expected to reach USD 955.21 billion by 2030 and expand at a CAGR of 13.8% from 2023 to 2030 according to the recent reports of Grand View Research, Inc., The rising consumer inclination towards low-cost and energy-efficient production processes, cloud computing, and virtualization is the key market factor...

The global automotive electronics market size is expected to reach USD 468.17 billion by 2030, expanding at a CAGR of 8.8% during the forecast period, according to a new report by Grand View Research, Inc. Increased safety and security concerns would fuel demand for car electronics as governments around the world try to reduce the number of road fatalities. The growing need for...

The global luxury hotel market size is expected to reach USD 126.56 million by 2030, expanding at a CAGR of 3.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow significantly over the forecast period owing to the increasing purchasing power of consumers and the rising number of international as well as domestic tourists on...

The global simulation software market size is estimated to reach USD 51.11 billion by 2030, registering a CAGR of 13.8% from 2024 to 2030, according to a new study by Grand View Research, Inc. Simulation software is being used for training personnel. It is replacing the traditional real-time training techniques, which incurred huge investments annually for companies. The use of simulation for...

The global marine lubricants market size is expected to reach USD 10.27 billion by 2030, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing concerns regarding oceanic pollution caused by improper engine function and subsequent demand for fuel-efficient engines are estimated to trigger the growth of the market. Marine...

The global encryption software market size is expected to reach USD 44.55 billion by 2030, expanding at a CAGR of 16.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Software enterprises around the world are rapidly adopting encryption solutions to enhance business proficiency and improve data security. Rising concerns over data breaches and privacy...

The global polyisobutylene market size is expected to reach USD 2.53 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.0% from 2021 to 2028. The market is anticipated to expand in the years to come due to the growth of the automotive, electrical and electronics, food packaging, and building and construction industries...