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According to the Household Income and Expenditure Survey released by the General Authority for Statistics, the average household monthly income and average monthly per capita income of Saudi Arabia was 14,823 Riyal and 7,940 Riyal, respectively, in 2018. The survey also reveals that the per capita monthly expenditure of the country was 2,857 Riyal in 2018. The rising spending power of people, owing to the soaring income, will increase the penetration of digital transaction platforms in Saudi Arabia. Thus, the surging income of people is expected to drive the Saudi Arabian digital transaction management market (DTM) at an exceptional CAGR of 35.7% during 2020–2030. According to P&S Intelligence, the market was valued at $60.88 million in 2020, and it will generate $1,288.27 million revenue by 2030. Additionally, ongoing technological advancements and the increasing focus of enterprises on digital platforms for business operations will also propel the demand for DTM solutions in Saud...

The rising requirement for improved grid stability is driving the demand for the incorporation of artificial intelligence (AI) in energy management solutions and systems across the world. A grid system is basically an interconnected network that stores energy and defines its flow. It stores energy from various sources, such as wind power stations, solar power plants, and several other electricity production plants. By utilizing AI to analyze massive data sets, grid systems become stable and highly energy efficient in managing multiple energy sources at a time. Besides, AI-enabled robots can revolutionize the operations and cost structure of energy firms and massively reduce the risks associated with energy production and management. These robots have the ability to certify, maintain, inspect, and repair energy installation units. Furthermore, these robots can be utilized in the decommissioning and cleaning up of nuclear waste. The integration of AI in energy management operations also ...

The global silicon on insulator (SOI) market revenue is predicted to rise from $684.8 million in 2018 to more than $2,285.5 million by 2024. According to the forecast of the market research company, P&S Intelligence, the market will progress at a CAGR of 22.7% between 2019 and 2024. The market is being driven by the burgeoning requirement for silicon on insulators in consumer electronics and the surging investments being made in the SOI ecosystem across the world. SOIs are being increasingly used in consumer electronic devices such as digital cameras, notebooks, smartphones, and tablets. Additionally, the increasing usage of smartphones, which are equipped with advanced location awareness capabilities, multimedia features, and long-term evolution (LTE) multimode connectivity, on account of the increasing penetration of the internet and soaring digitalization, especially in the Latin American (LATAM) and Asia-Pacific (APAC) countries, is also driving the demand for SOIs across the ...

In recent years, industrial refrigeration system manufacturers have focused on product launches and partnerships to offer advanced products to their existing and potential clientele. For instance, in November 2019, incompressible computational fluid dynamics (ICFD) defrost module was launched by Danfoss India to improve defrost performance and curtail energy consumption in industrial refrigeration applications. Other manufacturers engaging in product launches are Mayekawa Mfg. Co. Ltd., Johnson Controls International PLC, Star Refrigeration Ltd., Midea Group Co. Ltd., BITZER Kühlmaschinenbau GmbH, Trane Technologies plc, and GEA Group Aktiengesellschaft. Globally, Asia-Pacific (APAC) is expected to account for the largest share in the industrial refrigeration systems market during the forecast years.   This will be on account of the presence of a vast population in APAC countries and numerous industrialized nations in the region. Besides, the heavy investments being made by APAC n...

The rapid innovations and advancements being made in the smart wearable technology are enabling a large number of people to consistently monitor and track their progress and achieve their fitness goals. The online fitness service market is divided, on the basis of session type, into group and solo categories. Of these, the solo category is expected to exhibit higher growth rate in the market in the forthcoming years because of the fact that these sessions allow people to attend the classes as per their convenience.  Across the globe, North America was the largest online fitness service market in 2020. This was due to the high public awareness about health and fitness, surging disposable income of people, which enabled them to buy the subscriptions of online fitness classes, and increasing internet penetration in the region. In the upcoming years, the market will demonstrate the highest growth rate in the Asia-Pacific (APAC) region.  This is attributed to the growing population...

The surging need to monitor heat stress of athletes and military personnel, owing to the adverse impacts of heat on the performance of individuals, is expected to propel the heat stress monitor market at a CAGR of 2.7% during 2020–2030. The market revenue stood at $51.4 million in 2019 and it is projected to reach $62.5 million by 2030. These instruments help military personnel and athletes in tracking the heat stress limits by providing real-time information about their health. In the recent past, portable/handheld heat stress monitors were preferred over fixed variants due to the dynamic nature of the former. Portable/handheld variants are used to monitor the intensity of heat stress in several conditions, ranging from underground mines to industrial settings. Both these types of heat stress monitors are equipped with air flow, dry bulb, globe thermometer, humidity, and natural wet bulb sensors. Among the various types of sensors, enormous volumes of globe thermometer sensors are bei...