Market research reports play an important role in improving the productivity of a business. The information in these reports help companies to make informed marketing strategies. The goal of market research is to examine how the target group will receive a product or service. This is done by collecting, organizing, and analyzing data. Generally, a…
While the US furniture market continues to be one of the largest in the world, the top 10 furniture manufacturers in the USA are dominating the market. Nowadays, furniture consumers worldwide are spending lavishly on home decor products and are aware of the cutting-edge interior design trends and unique modish furnishings. Greater brand consciousness, high penetration…
The world’s population is increasingly becoming urban. Right now, 54% of the global population lives in cities. This substantial number is set to hit 66% by the year 2050. In any city, transportation systems are a veritable lifeline. And lately, the Internet of Things (IoT) is seen as the most advanced and promising solution for next-generation transport…
For millennials, pets are like family members. This trend of pet humanization has had a major impact on the global pet food market. With the 2017 sales of pet food products crossing the USD 26 billion mark, it is interesting to analyze the latest trends that are redefining the pet food industry. 1) Pet Humanization:…
The feasibility of small businesses sending tourists to space is debatable, but the opportunity is enticing. Research firm Technavio predicts that the space tourism market will be worth US$34.5 billion by 2021, up from US$19.9 billion in 2016. Analysts expect a steady compound annual growth rate of 14 percent up to that year.
The “fast-casual” industry – think of places like Panera – is growing by leaps and bounds. According to Technavio, the market for fast-casual fare is expected to hit $66.87 billion by 2020, and there are dozens (if not hundreds) of fast-casual concepts that have opened in recent years that are going to be competing for…
In an eco-conscious world, polymer based, non-degradable plastics are an eyesore. These might have helped build important facets of today’s world- as a resilient packaging material, construction material, host for electronic components, etc.- but their despicable habit of piling up cannot be ignored anymore. This, proves an opening for the fledgling bioplastics market, with degradability…
A Technavio market research analysts suggest the language training market in India will grow at a CAGR of close to 19 percent from 2017 to 2021. A Statista report suggests that in 2017, the global language services industry market size reached just over $43 billion and is forecasted to rise to almost $47.5 billion by…
In a recent, high profile industry survey, 80% of the brand owners agreed that packaging has a major impact on brand value. Packaging has traditionally been a crucial differentiator, a medium to impress and drive home the ‘customer first’ sentiment. In 2018, the discipline of flexible packaging has emerged as an indispensable resource, especially in…
From science fiction to present-day reality, facial recognition technology has evolved at an unprecedented rate over time to become a key innovation in biometrics and identity recognition. Today, facial recognition technology has emerged as a practical solution to address a host of identification and verification of identity related claims. This technology has the potential to make…
