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Showing posts from May, 2023

Events Industry Size Worth USD 1,552.9 Billion by 2028

  According to a new report published by Allied Market Research, titled, “ Events Industry  by Type, Revenue Source, Organizer and Age Group: Global Opportunity Analysis and Industry Forecast, 2021–2028,” The global events industry size was valued at $1,135.4 billion in 2019, and is projected to reach $1,552.9 billion by 2028, registering a CAGR of 11.2% from 2021 to 2030. Request The Free Sample PDF Of This Report:  https://www.alliedmarketresearch.com/request-sample/2422 The term event refers to organizing a show which involves public gathering at a pre-determined place and time. The most popular events include conference & exhibition, corporate events & seminar, promotion & fundraising, music & art performance, sports, festival, trade shows, product launch, and similar others. The initial stage of a major event involves understanding the audience and their behavior that excite and emotionally engage them. The term event refers to organizing a show which...

Virtual Event Industry to Generate $701.39 Billion by 2028

  As per the report published by Allied Market Research, the global  virtual event market  was accounted for $57.71 billion in 2019, and is estimated to reach $701.39 billion by 2028, growing at a CAGR of 12.6% from 2021 to 2028. Rise in trend of work-from-home, surge in the globalization of businesses, low operational cost involved in organizing virtual events, and rise in sponsorship for virtual events have boosted the growth of the global virtual event industry. However, lack of awareness hinders the market growth. On the contrary, technological advancements in the virtual event industry would open new opportunities for the market players in the coming years. Get detailed COVID-19 impact analysis on the virtual event Industry @  https://www.alliedmarketresearch.com/request-for-customization/6961?reqfor=covid Covid-19 scenario: The Covid-19 pandemic favored the virtual event industry as businesses across the world were forced to use virtual channels of communicatio...

Incentive Travel Market is set to reach a worth of $216.8 Billion by 2031

   The demand for  incentive travel  is increasing owing to the change in organizations’ prospective towards travel-based incentives, which is expected to boost the global incentive travel market. Based on region, the Asia-Pacific region is expected to manifest the fastest CAGR of 12.79% during the forecast period. The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global incentive travel market. According to the report published by Allied Market Research, the global incentive travel market garnered $42.0 billion in 2021, and is estimated to generate $216.8 billion by 2031, manifesting a CAGR of 12.1% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge...

Lab Grown Diamonds Market to Reach $55.6 Billion, Globally, by 2031 at 9.8% CAGR

  Allied Market Research published a report, titled, " Lab Grown Diamonds Market  by Manufacturing Method (HPHT, CVD), by Size (Below 2 carat, 2-4 carat, Above 4 carat), by Nature (Colorless, Colored), by Application (Fashion, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031."  According to the report, the global lab grown diamond industry generated  $22.3 billion  in 2021 and is anticipated to generate  $55.6 billion  by 2031, witnessing a CAGR of 9.8% from 2022 to 2031. Download Free Sample Report:  https://www.alliedmarketresearch.com/request-sample/14063 Drivers, restraints, and opportunities: Utilization of lab grown diamonds by many companies as a cost-effective alternative to naturally mined diamond jewelry, greater adoption of lab grown diamonds by the jewelry and fashion jewelry industry, and increased demand for fashionable diamond jewelry, especially among the millennial population drive the global lab grown dia...

Travel Retail Market to Reach $187.1 Billion, Globally, by 2031

  Allied Market Research published a report, titled,  " Travel retail Market  by Product Type (Perfume & Cosmetics; Electronics; Wine & Spirits; Food, Confectionery, & Catering; Tobacco; Luxury Goods; and Others), and Sales Channel (Airports; Cruise Liners; Railway Stations; and Border, Downtown, & Hotel Shop): Global Opportunity Analysis and Industry Forecast, 2021-2031".  According to the report, the global travel retail industry generated  $52.7 billion  in 2021 and is anticipated to generate  $187.1 billion  by 2031, witnessing a CAGR of 9.6% from 2022 to 2031. Download Free Sample Report:  https://www.alliedmarketresearch.com/request-sample/1606 Prime Determinants of Growth: The global travel retail market is driven by factors such as the development of the travel & tourism industry, the rise in the purchase of luxury products among travellers, and an increase in the purchase of duty-free products. On the other hand, ...

Wearable Technology Market Is Estimated To Develop at A Substantial CAGR

  According to a new report published by Allied Market Research, titled, “ Wearable Technology Market ," by Product Type, Application and Devices: Global Opportunity Analysis and Industry Forecast, 2022-2031," the Wearable Technology Market size was valued at at $54,841.40 million in 2020, and is estimated to reach $184,403.60 million by 2031, growing at a CAGR of 12.8% from 2022 to 2031. North America is expected to be the leading contributor to the global wearable technology market, followed by Europe and Asia-Pacific. The growth of the global wearable technology market is driven by convenient usage of wearables and entry of various smartphone manufacturers. In addition, rise in health concerns among consumers fuels the adoption of wearable devices, which enable them to provide real-time information on their overall health. Multiple benefits offered by these devices, such as GPS tracking, heart monitoring, and notification alert further supplement the wearable devices marke...

Pet Travel Services Market is estimated to reach $1.3 billion by 2031

  According to a new report published by Allied Market Research, titled, “ Pet Travel Services Market ," The pet travel services market was valued at $782.41 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031. Due to rise in consumer disposable income pet owners are keenly focusing on spending money on pet vacations thus, the pet travel services industry is expanding globally. Rise in number of nuclear families, rapid humanization of pets, and rise in awareness of pet health are the primary pet travel services market trends. The pet travel services market growth is greatly aided by rise in pet ownership among millennials and Generation Z and rapid expansion of social media and e-commerce platforms globally. The ongoing trend of pet humanization, shift toward nuclear families as a result of urbanization, increase in pet population, and rise in trend of pet adoption are all key factors driving the growth of the global pet tra...

Online Travel Market Expected to Reach $1,835.6 Billion by 2031

  The travel market has evolved considerably over the past few years, owing to digitalization of travel services and the growth intravelling trend, worldwide. The proliferation of mobile devices largely supplements the growth of this market. The market is witnessing consolidation, with leading online travel agencies (OTAs) acquiring the start-ups and other smaller players, thereby, giving a tough competition to the established direct travel suppliers and travel agents.   According to a new report published by Allied Market Research, titled, “Online Travel Market by Service types, Platforms, Mode of booking and Age Group: Global Opportunity Analysis and Industry Forecast, 2022-2031,” The global online travel market was valued at $354.2billion in 2020, and is estimated to reach $1,835.6 billion by 2031, registering a CAGR of 14.8% from 2022 to 2031. Globally, the number of people in the middle and upper middle classes is increasing rapidly.   Request For sample :- https://w...

Furniture Market is Anticipated to Grow at a Sluggish CAGR of 3.8% through 2022 to 2031

  Global demand for furniture is expected to increase, owing to rapid urbanization and high purchasing power of millennial generation. The residential segment dominates the market, owing to growing phase of infrastructure and the real estate market. Moreover, advance technology of manufacturing has lowered the cost and time for manufacturing. However, manufacturers believe that rise in raw material prices would have a long-term impact on the market and hamper growth of market during the forecast period According to a new report published by Allied Market Research, titled, “global  furniture market  by type, distribution channel, and region: global opportunity analysis and industry forecast, 2020–2031,” the global furniture market size was valued at $ 5,56,367.80 million in 2020, and is projected to reach $ 8,77,438.20 million by 2031, registering a CAGR of 3.8% from 2022 to 2031. Furniture are objects used to support various human activities such as seating, eating, and s...

FMCG Market to Reach $18,939.4 Billion, Globally, by 2031 at 5.1% CAGR

  According to a new report published by Allied Market Research, titled,” Global  FMCG Market  by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global FMCG market size was valued at $10,020.0 billion in 2017 and is projected to reach $ 15,361.8 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025. Ask for sample copy of this report @:  https://www.alliedmarketresearch.com/request-sample/5148 Fast moving consumer goods (FMCG) is the largest combination of consumer goods with different product categories that include home, health, and personal care and food & drinks including its marketing, production, and distribution. The personal care segment is anticipated to witness substantial growth owing to the rise in disposable income of consumers, thus enabling them to spend considerable amount on luxury personal care products. Other factors such as surge in trend of online shopping, R&D for the new brands &...