The global guaranteed asset protection (GAP) insurance market is set to experience substantial growth, with a projected Compound Annual Growth Rate (CAGR) of approximately 10.3% from 2023 to 2030. By the end of 2030, the market value for GAP insurance is expected to reach around US$6.95 billion. GAP insurance offers financial protection to individuals who finance or lease a vehicle, safeguarding them from potential financial losses in the event of theft or total loss of the vehicle. Often, there is a disparity between the loan or lease amount and the actual value of the vehicle, attributed to factors like depreciation, interest, and other associated costs. In cases of theft or total loss due to accidents, insurance companies typically reimburse the actual market value of the vehicle, which...

The global shisha market, also known as hookah or water pipe, is on the path to substantial growth, with a projected CAGR of approximately 6% between 2023 and 2030. By the end of 2030, the shisha market is expected to surpass US$2 billion in revenue. Shisha, a popular tool for smoking flavored tobacco, consists of essential components such as a tobacco bowl, a vertical shaft, a water-filled base, and a hose or tube for inhaling the smoke. The markets expansion is driven by factors such as population growth, increased community activities promoting social gatherings, and the appeal of shisha as a cultural tradition. Furthermore, globalization and cross-cultural interactions have contributed to the rising popularity of shisha worldwide. Consumers are seeking fresh and innovative experiences,...

The global star anise market is set to witness robust growth, with a projected CAGR of 5% during the period from 2023 to 2030. By the end of 2030, the market is expected to surpass a valuation of one billion dollars. Key Market Insights Star anise (Illicium verum), native to China and Vietnam, is a spice derived from the fruit of an evergreen tree. Its name is derived from the distinct star-shaped pod of the seed, which defines the plants appearance. Star anise is a popular spice in various cuisines, especially in Asian and Indian cooking, known for its strong, sweet, and licorice-like flavor. It is a key component of Chinese five-spice powder and is used to flavor a wide range of dishes, including soups, stews, sauces, and marinades. Its growing popularity in the culinary world, particula...

The global data labeling solution and services market is poised for remarkable growth, with projections indicating that it will attain a substantial revenue milestone of US$50 billion by 2030. The market is expected to demonstrate an impressive CAGR of approximately 22% during the assessment period spanning from 2023 to 2030. Driving Growth Factors The burgeoning adoption of data labeling technology is underpinned by several factors. This technology is witnessing a surge in utilization, primarily driven by its applications in the autonomous vehicle sector, thereby fostering growth in the automobile industry. Data labeling solutions enable self-driving cars to identify obstacles, inform drivers about nearby walkways and guardrails, and interpret traffic signals and road signs accurately. Ad...

The global green steel market is set to experience monumental growth, with an astounding CAGR of 122.9% during the assessment period from 2023 to 2030. By the end of 2030, the market is projected to reach an approximate market value of around US$47.2 billion. Key Market Insights Green steel represents a shift towards environmentally sustainable methods of steel production, aiming to reduce the carbon emissions typically associated with steel manufacturing. Traditional steel production relies heavily on coal-based processes, contributing to greenhouse gas emissions, particularly carbon dioxide. By adopting safer and more eco-friendly approaches to steel production, green steel seeks to address these environmental concerns. Increased investment in research, development, and implementation of...

The global whipping cream powder market is poised for substantial growth, with a projected CAGR of 8% from 2023 to 2030. By the end of 2030, the market is expected to achieve sales revenue of approximately US$1.7 billion. Key Market Insights The whipping cream powder market encompasses the production, distribution, and consumption of powdered whipping cream products. Whipping cream powder is a versatile dairy or non-dairy-based product that, when reconstituted with water, can be whipped to create a creamy and airy texture, similar to freshly whipped cream. It is widely used in the bakery and confectionery industries to make cakes, pastries, desserts, and toppings. The market is witnessing growth due to the increasing demand for bakery products, with manufacturers also exploring plant-based...

The global application crowdtesting services market is poised for substantial growth, with a robust CAGR of 9.3% anticipated during the period from 2023 to 2030. By the end of 2030, the market is expected to exceed a valuation of US$4.28 billion. Key Market Insights Application crowdtesting is a form of software testing that involves the evaluation and assessment of the quality and performance of software applications by a diverse group of testers, referred to as a crowd. It leverages a global pool of testers from diverse backgrounds who can provide valuable feedback from various perspectives, across multiple devices and platforms. The crowd-testing process begins with defining the scope and objectives of testing, followed by the creation of test cases and scenarios. These test cases are t...

The global fiber laser market is poised for significant growth, with a remarkable CAGR of 10.8% during the assessment period from 2023 to 2030. By the end of 2030, the market is anticipated to achieve a value of approximately US$10 billion. Key Market Insights Fiber lasers represent a departure from traditional lasers by integrating beam transport and a laser cavity into a single system within an optical fiber. These lasers find applications in laser marking systems, offering exceptional dimensional accuracy for manufacturing electronic devices. Fiber lasers are employed in various material processing tasks, including welding, cutting, and more. The market classifies fiber lasers into three categories: infrared fiber lasers, ultraviolet fiber lasers, and ultrafast fiber lasers. Key applica...

–News Direct– LONDON, UK, 27 September 2023 (PlatoData via 500NewsWire) — Zilliqa, a leading layer-1 blockchain offering high-performance, high-security and low-fee solutions, today announces a partnership with GMEX Group and its initiative ZERO13, the digital climate fintech aggregation ecosystem, to launch the first-of-its-kind carbon offset platform that will transform the way that retail customers engage with corporate environmental initiatives. Together, Zilliqa Group and GMEX ZERO13 will deliver a cutting-edge platform that uses the blockchain-based currency, EVP, to represent carbon credit offsets. When they purchase goods or services, customers of brands partnered with Zilliqa will receive EVP tokens on the Zilliqa blockchain, enabling them to offset their carbon footprint directl...

–News Direct– The EOS Network Foundation (ENF) and Upland in collaboration with Aerial are proud to announce a groundbreaking initiative that will propel the EOS Network from being the world's first carbon-neutral blockchain to a climate positive blockchain network. The EOS Networks architectural design offers low power consumption while delivering record breaking scalability and throughput that merges the effectiveness of immutable, decentralized systems with environmental responsibility. EOS ranks among the most environmentally friendly blockchains globally, with an annual carbon footprint of a mere 242 tonnes of CO2, a figure that has been fully offset since 2018. "As EOS celebrates 5 years since becoming the worlds first carbon-neutral blockchain, we are thrilled to ta...