Hydropower Industry The global hydropower market size was valued at USD 255.30 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2030. Depleting reserves of fossil fuels has prompted industry to shift to renewable sources. The growing energy demand on account of the growing global population coupled with the need to reduce reliance on...

Tea Industry The global tea market size is expected to reach USD 24.61 billion in 2030 and is projected to grow at a CAGR of 6.0% from 2025 to 2030.  Rising popularity of carbonated drinks coupled with rise in consumer disposable income, especially in emerging economies such as India, China, and Brazil will create robust product demand. Tea, being a widely consumed beverage...

Generative AI In Financial Services Industry The global generative AI in financial services market size was estimated at USD 1,673.1 million in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030. Generative AI is revolutionizing customer engagement in the financial services sector by enabling highly personalized interactions. Through advanced data analytics, AI tailors financial...

Software Defined Data Center Industry The global software defined data center market size was estimated at USD 61.24 billion in 2023 and is projected to grow at a CAGR of 27.4% from 2024 to 2030. The market is experiencing significant growth driven by the increasing demand for more efficient and agile IT infrastructure solutions. Key factors driving the market growth include the need for...

IoT Insurance Industry The global IoT insurance market size is anticipated to reach USD 91.75 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 29.7% from 2024 to 2030. The Internet of Things (IoT) insurance sector is witnessing growth due to the application of cutting-edge technologies such as telematics, data...

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