Persistence Market Research

  The global  flashlight market  is projected to reach USD 2 billion by 2025 and grow at a CAGR of 5.7%, reaching USD 3.2 billion by 2032. The increasing adoption of smart flashlights, which are expected to account for 20% of the market by 2032, reflects rising consumer demand for features like IoT connectivity, voice activation, and motion sensors. LED flashlights dominate, anticipated to hold 55% of the market share by 2024 due to their energy efficiency and durability. In addition, industrial and security sectors are driving demand, with specialized flashlights for hazardous environments seeing growth in sectors like mining and petrochemicals. The North American market, driven by outdoor recreation and industrial demand, is projected to have the highest growth, with a CAGR of 6.9% through 2032. The global flashlight market is undergoing a transformative shift as innovative technology and the rise of the Internet of Things (IoT) redefine traditional flashlight usage. By...

    The global  marine sealants market  is projected to grow from US$ 331.5 million in 2024 to US$ 457.2 million by 2031, with a CAGR of 4.7%. The demand for high-performance sealants is driven by stringent regulations aimed at enhancing ship safety and longevity. Silicone sealants dominate the market due to their durability, UV resistance, and flexibility, making them ideal for harsh marine environments. The Asia Pacific region leads the market, accounting for 45% of the share in 2024, fueled by robust shipbuilding industries in China, Japan, and South Korea. Additionally, the commercial vessel segment, particularly cargo ships, is the largest end user, representing 55% of the market. With increasing demand for durable, eco-friendly sealants, especially in shipbuilding and maintenance, the market is poised for steady growth. The marine sealants market is experiencing significant growth, and Asia Pacific is leading the charge with a substantial market share of 45% in...

  The global   de-aromatic solvents market   is projected to grow from US$ 1.6 billion in 2025 to US$ 2.4 billion by 2032, driven by a 5.6% CAGR. This growth is fueled by increasing demand for environmentally friendly alternatives, particularly bio-based solvents, as well as advancements in recycling technologies and innovations in smart solvents for niche applications. Key industries, including aerospace, paints and coatings, and renewable energy, are adopting de-aromatic solvents for their superior safety, performance, and regulatory compliance. North America is expected to lead this growth due to stringent emissions regulations and a strong focus on sustainability, promoting the use of low-VOC solvents. The global shift towards sustainability has taken center stage in various industries, and the de-aromatic solvents market is no exception. With a growing demand for eco-friendly, non-toxic alternatives, bio-based de-aromatic solvents are paving the way for a greener fut...

  The Software Asset Management (SAM) market is projected to grow significantly from an estimated value of US$ 2,336.6 million in 2023 to over US$ 7,149.9 million by 2033, driven by a CAGR of 11.8%. SAM helps organizations manage their software assets efficiently by tracking licenses, optimizing software usage, and ensuring compliance with legal requirements. The increasing adoption of cloud computing and growing concerns about security and data privacy are key drivers of this market. The U.S. holds a notable market share, benefiting from stringent regulatory requirements, while India’s rapidly expanding IT sector and France’s robust IT infrastructure also contribute to regional growth. Additionally, the cloud segment dominates with a 55.4% market share, and small and medium enterprises (SMEs) account for 59.1% of the market due to their need for cost-effective software management solutions. The  Software Asset Management (SAM) market  has witnessed a paradigm shift, with...

  The global  botnet detection market  is expected to grow from US$ 270.5 million in 2024 to US$ 1,402.4 million by 2031, reflecting a robust CAGR of 26.5%. As cyberattacks become more sophisticated, the demand for real-time detection and adaptive solutions is rising rapidly. Industries such as e-commerce, finance, and healthcare are increasingly vulnerable to botnet threats, driving market expansion. The U.S. is forecasted to hold 41% of the market share by 2024, followed by Japan with 37%. The need for effective detection solutions is heightened by stringent regulatory frameworks, with large enterprises especially adopting advanced botnet protection technologies. US Leads Botnet Detection Market with 41% Share Amid Rising Cyber Threats In the face of escalating cyber threats, the United States continues to lead the botnet detection market, holding a dominant share of 41%. The country’s proactive approach to cybersecurity, coupled with its advanced technological infrastr...

  The   professional services automation (PSA) software market   is projected to grow from US$12.19 billion in 2024 to US$26.46 billion by 2031, with a CAGR of 11.7% during this period. PSA software helps organizations improve operational efficiency, optimize resources, and enhance project management. It is widely used in sectors such as IT & consulting services, marketing & advertising, and legal & accounting firms. As AI-powered features like predictive analytics and automation gain prominence, and with the increasing adoption of cloud-based solutions, the market is expanding rapidly. North America is expected to dominate the market, with technology companies forming the largest segment of users. Additionally, on-premise deployment remains the preferred choice due to strong data protection and privacy concerns. Transforming Project Management in IT and Consulting Artificial intelligence (AI) is redefining the landscape of Professional Services Automation (PS...

   The global  automotive diagnostic scan tools market  is projected to grow at a 4.4% CAGR, reaching US$ 44.9 billion by 2031, up from US$ 33.2 billion in 2024. This growth is driven by increasing vehicle complexity and the adoption of advanced diagnostic systems powered by artificial intelligence and machine learning. These tools enhance fault detection and predictive maintenance, which are crucial for improving vehicle safety and compliance with regulations like the Corporate Average Fuel Economy (CAFE) Standards. Key markets such as Asia Pacific and Europe are expected to see significant growth, with innovations and government investments fueling demand for advanced diagnostic tools. Introduction The Asia-Pacific region is emerging as a dominant player in the automotive diagnostic tools market, with an impressive projected CAGR of 7.3% through 2031. Rapid urbanization, increasing vehicle ownership, and advancements in automotive technologies are driving the demand fo...

  The  Automotive OEM Coatings Market  is projected to grow at a CAGR of 4.7% from 2024 to 2031, rising from  US$ 15.6 billion in 2024  to  US$ 21.5 billion by 2031 . The market's expansion is fueled by increasing global automotive production, rising demand for electric and fuel-efficient vehicles, and the growing trend of high-performance, eco-friendly coatings. Notable segments like  clear coats  and  solvent-based coatings  are set to lead the market due to their durability, aesthetics, and fast-drying properties. Additionally, investments in innovative formulations and government sustainability initiatives are driving growth across regions like North America and Asia Pacific, with India showcasing the highest CAGR of 5.7% due to surging two-wheeler and commercial vehicle demand. Introduction: The Automotive Coatings Evolution Automotive coatings play a vital role in enhancing vehicle aesthetics, protecting surfaces, and ensuring dura...

  The global  automated parking system market  is expected to grow significantly, reaching a projected value of US$ 6.8 billion in 2024 and growing at a CAGR of 12.1% to US$ 15.09 billion by 2031. These systems optimize space and reduce land usage, addressing the growing parking demand in urban areas with limited space. As urbanization increases and vehicle ownership rises, automated systems offer solutions to congestion, reduce pollution, and improve parking efficiency. Fully automated systems are leading the market, with North America and Europe poised to see substantial growth due to strong government support and the adoption of smart infrastructure. 1.  Revolutionizing Urban Mobility: The Role of New APS Products Automated parking systems, which enable vehicles to park autonomously using robotics and advanced software, are transforming urban mobility. The latest APS products on the market are designed to address key challenges such as limited space, high traffic ...