Tanu Sharma's blog

The LATAM Software-as-a-Service Market is undergoing a rapid digital transformation, driven by increasing cloud adoption, digital business models, and the proliferation of remote work. In 2024, the market was worth USD 13.5 billion and is set to reach USD 62 billion by 2037, growing at a 12% CAGR. Governments and enterprises across Latin America are prioritizing digital infrastructure and modernization strategies, which continue to push cloud-based SaaS platforms into mainstream business operations.
LATAM Software-as-a-Service Industry Demand

The global Forklift Battery Market is on a robust upward trajectory, reflecting the increasing automation of material handling operations across logistics, warehousing, and manufacturing industries. In 2024, the market was valued at USD 3.3 billion and is projected to reach USD 7 billion by the end of 2037, growing at a compound annual growth rate (CAGR) of 6% over the forecast period. The rising need for energy-efficient and low-maintenance power sources in forklifts, coupled with the expansion of e-commerce and supply chain infrastructures, continues to push global market growth.

GPU Database Market Size, Share, Growth 2025-2037

At a Compound Annual Growth Rate (CAGR) of 6.3%, the global Connected Machines Market is expected to grow from its 2024 valuation of USD 136.7 million to USD 214.7 million by 2037. The market is witnessing rapid expansion due to rising industrial automation, increased adoption of the Industrial Internet of Things (IIoT), and growing demand for real-time data processing and decision-making across sectors.
Connected Machines Industry Demand

The global Geniculate Ganglionitis Drugs market was estimated to be worth USD 320.5 million in 2024 and is expected to expand steadily, possibly reaching USD 720.3 million by 2037. This is an anticipated CAGR of 7.1% throughout the course of the predicted period. This robust increase is attributed to greater disease awareness, improved diagnostic techniques, and expanding access to pharmaceutical treatments across emerging and developed regions alike.
Geniculate Ganglionitis Drugs Industry Demand

The global In 2024, Compressed Natural Gas (CNG) Tanks Market was estimated at USD 136.7 million and is anticipated to grow steadily, reaching approximately USD 214.7 million by 2037. This reflects a projected Compound Annual Growth Rate (CAGR) of 6.3% throughout the forecast period. The consistent shift towards cleaner energy alternatives, stringent environmental regulations, and the expansion of natural gas vehicle (NGV) fleets globally are major forces driving this growth.
Compressed Natural Gas (CNG) Tanks Industry Demand

The LiDAR Sensor Market is one of the fastest-growing segments within the sensor technology industry, driven by advancements in automation, robotics, autonomous vehicles, and geospatial mapping. In 2024, the global market for LiDAR sensors is valued at USD 2.4 billion, and it is forecasted to reach USD 13.7 billion by 2037, representing a robust CAGR of 14.8% during the forecast period.

The Device-as-a-Service (DaaS) market has emerged as a pivotal solution in the technology landscape, offering businesses the flexibility to access hardware devices on a subscription basis while outsourcing related services such as software, maintenance, and security management. As of 2024, the global DaaS market is valued at USD 125 billion and is poised for remarkable growth. The market is expected to reach USD 4.5 trillion by the end of 2037, representing a phenomenal CAGR of 30% during the forecast period.

The Aluminum Extruded Products Market is witnessing rapid growth, driven by the increasing demand for lightweight, durable, and high-strength materials across multiple industries. In 2024, the market was valued at USD 90.2 billion, and it is expected to grow significantly over the forecast period, reaching USD 292.1 billion by 2037. This growth translates into a CAGR of 9.4% from 2024 to 2037, as industries continue to adopt aluminum extrusions for their versatility and performance.

In 2024, the global market for Inflammatory Bowel Disease (IBD) Treatment Market stood at USD 23.26 billion and is anticipated to surge to USD 61.75 billion by 2037, reflecting a robust compound annual growth rate (CAGR) of around 7.8% throughout the forecast period. This substantial growth is being driven by the rising global burden of autoimmune gastrointestinal disorders, expanding therapeutic innovations, and increasing access to biologics and advanced small molecule drugs across key regional markets.
Inflammatory Bowel Disease Treatment Industry Demand