The Business Intelligence Procurement Intelligence Report 2023-2030: Unlocking the Value of Procurement Analytics

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The business intelligence category is expected to grow at a CAGR of 9.1% from 2023 to 2030. The organizations’ desire to modernize and to have a solid strategy for effective go-to-market planning is the primary pillar of category growth. Its services cover a comprehensive understanding that aids in better business decisions that are quick, precise, and tailored providing a competitive edge over others, making it irresistible for a company to implement it in their business. Organizations are starting to recognize and value the importance of data in their operations as the world generates more data from various sources.

The global business intelligence market size was estimated at USD 26.92 billion in 2022. Every industry is seeing an increase in the adoption of BI solutions among small and midsized organizations, fueling the category market. The advantages that BI software offers have led to a spike in the demand for cloud-based business solutions in the SME sector. Data scalability is a prominent feature of BI software and application. The rising need for industry-specific BI solutions in banking, manufacturing, healthcare, security services, and many other areas is one of the emerging category trends.

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Growing Emphasis on Developing Companion Diagnostics for Targeted Cancer Therapies

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The global cancer diagnostics market is combine to account for USD 45.66 billion revenue in 2022, which is expected to reach USD 89.02 billion by 2030, growing at a cumulative rate of 5.97% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.

Key players in this market are implementing various strategies including partnerships, mergers and acquisitions, geographical expansion, and strategic collaborations to expand their market presence. For instance, in February 2023, F. Hoffmann-La Roche Ltd. announced extending its collaboration with Janssen to advance personalized healthcare by focusing on companion diagnostics.

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Increasing Demand for Multifunctional and Multipurpose Beauty and Personal Care Products

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The economic value generated by the beauty and personal care products industry was estimated at approximately USD 518.56 billion in 2022. Rising consumer awareness regarding personal grooming, hygiene, and appearance has led to a growing demand for beauty and personal care products worldwide. Consumers are increasingly seeking products that enhance their physical appearance and well-being.

Consumer preferences and trends play a significant role in shaping the beauty and personal care market. Shifts towards natural and organic products, sustainable packaging, and cruelty-free formulations are gaining momentum. Consumers are also demanding personalized and innovative products to cater to their specific needs. This is expected to propel market growth over the forecast period.

Asia Pacific dominated the beauty & personal care products market in 2022 with a revenue share of around 40%. Asia Pacific is expected to remain the largest regional market and witness the fastest growth over the forecast period due to the rapidly growing population thus leading to higher demand for high-quality beauty and personal care products for overall comfort. In countries like China and India, the market is experiencing significant growth due to an increase in the number of working women and their growing interest and purchasing power for beauty products. Additionally, the young population in these countries, who have internet access, presents substantial opportunities for the market's expansion in the coming years.

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Sustainable Sourcing in Shipping Containers Procurement: Trends and Best Practices

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The shipping containers category is anticipated to grow at a CAGR of 7.1% from 2023 to 2030. The expansion can be attributed to the rise in international trade, facilitated by the digitization of the shipping sector and the rising utilization of specialized containers. Additionally, the container industry has experienced further growth in response to increasing consumer demand. The shipping industry contributes to around 90% of the goods transported. According to the International Chamber of Shipping 2022 report, around 11 billion tons of goods are transported through shipping containers every year.

Apart from transportation, shipping containers have also been gaining momentum in the construction industry, from building homes to creating pop-up stores. Shipping containers are used for modular construction as they reduce costs and construction time and are efficient and easy to construct. They are used in the construction of homes, schools, hotels, and emergency shelters. For instance, in 2022, Spanish studio Fenwick Iribarren Architects constructed a thousand dormitory rooms using shipping containers for fans attending the FIFA World Cup 2022. Additionally, countries such as Australia and the UK are carrying out constructing activities using containers due to the need for affordable housing, specifically in urban areas. Rising demand for the category from the construction industry is expected to drive the growth of the category.

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Car Wash & Detailing Services Market: Identifying Opportunities for Diversification and Expansion

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The car wash and detailing services industry is experiencing significant growth due to the increasing number of vehicles on the road and rising disposable income levels. As car ownership expands, there is a larger customer base seeking professional services to maintain and improve the condition and appearance of their vehicles. This presents a lucrative opportunity for businesses in the car wash and detailing sector to cater to the growing demand and capitalize on the willingness of car owners to invest in high-quality services.

The preference among consumers for professional car wash services over do-it-yourself options is experiencing a notable growth trend across the globe. According to a blog published by Franchise Chatter in May 2023, a significant majority of U.S. drivers, approximately 72%, consistently choose professional car wash services, with the conveyor car wash segment being particularly lucrative. Prominent participants in the car wash services market are increasingly emphasizing mergers and acquisitions as a strategic approach to expand their service coverage and drive revenue growth.

Subscription-based car wash has emerged as a prominent global trend, with various car wash brands adopting this model. Under this subscription offering, customers pay a fixed rate and enjoy unlimited access to car wash services throughout the month. This business model provides a high level of convenience and attractiveness, particularly during times of financial constraints, as it offers frequent visitors a cost-effective option.

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Analyzing the Integration of Artificial Insemination with Emerging Technologies in the Livestock Sector |

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The global market size for livestock artificial insemination was estimated at USD 6.45 billion in 2022 and is anticipated to increase at a CAGR of 6.30% from 2023 to 2030. The market continues to evolve as technological advancements, changing market dynamics, and the need for genetic improvement shape its landscape. The increasing demand for meat & dairy products, supportive initiatives, advancements in reproduction technology, the need for sustainable food production, synchronized breeding programs, and the diversification of AI applications to different livestock species are key trends driving the market's growth. As per the OECD-FAO Agricultural Outlook, for instance, global milk production is projected to increase from 901,646 kt pw to 1,059,850 kt pw from 2022 to 2031. Moreover, the consumption of fresh dairy products across the globe is estimated to increase from 453,492 kt pw to 555,998 kt pw from 2022 to 2031.

Artificial insemination provides an effective means of disease control and biosecurity. By utilizing AI, breeders can avoid the risks associated with natural mating, including the transmission of sexually transmitted diseases and infections. The ability to screen and test semen for diseases ensures that only disease-free genetics are introduced into the herd. With increasing concerns about animal health and biosecurity, the demand for artificial insemination as a disease control measure is on the rise. Furthermore, the livestock AI market is expanding beyond traditional sectors like dairy and beef cattle. There is a growing interest in using artificial insemination for small-scale and specialty livestock species such as pigs, sheep, goats, etc. It also offers the advantage of accessing superior genetics and improving breeding outcomes in these niche sectors.

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Food Processing Equipment Industry Outlook 2023 - 2030: Embracing Collaborative Innovations

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The economic value generated by the food processing equipment industry was estimated at approximately USD 44,842.6 million in 2020. The global food processing equipment market growth is expected to be significantly driven by the growing demand for processed food products. Rising population, increasing disposable income, shift in the consumer shopping behavior is likely to demand for more processed food products during projected timeframe.

A rapid increase in population growth and expansion of manufacturing industries across the world are anticipated to boost the consumption for processed food products and food processing equipment market over the forecast period. In the U.S., around 23% of adults eat fast food meals approximately three or more times a week, according to the Fast-Food Statistics 2021 report. Rising expenditure on processed food & beverages and rapid industrialization is expected to increase demand for food processing equipment over the forecast period.

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Safari Tourism Industry Outlook 2023 - 2030: Embracing Collaborative Innovations

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The increasing disposable income and the rising middle class in many countries have led to a growing desire for unique and experiential travel experiences. Safari tourism offers an immersive and adventurous experience in the wild, appealing to the aspirations of modern travelers. The growing interest in sustainable and responsible tourism practices has contributed to the growth of safari tourism. Travelers are seeking experiences that promote conservation efforts, support local communities, and protect wildlife habitats.

Safaris often involve eco-friendly practices and provide opportunities for travelers to engage in wildlife conservation activities. Furthermore, advancements in transportation and infrastructure have made safari destinations more accessible to a larger audience. Improved air connectivity, better road networks, and enhanced tourism infrastructure in safari regions have made it easier for travelers to access remote wildlife areas.

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U.S. Landscaping Services Procurement Intelligence Report, 2023 - 2030: Enhancing Supplier Diversity

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The U.S. landscaping services category is anticipated to grow at a CAGR of 5.09% from 2023 to 2030. It is attributed to be driven by rise in disposable income, growing use of third-party businesses for landscaping services who specialize in improving corporate campus environments, and rising investments in the construction of non-residential personal entities. In addition, the category is also being fuelled by increased emphasis on the use of native plant species, water conservation, composting of waste from the yard, and shift in people's inclination towards landscaping methods that are environment friendly.

However, strict regulatory framework for ensuring the quality and safety of the services rendered, and efficient management of the waste getting disposed while offering the services are anticipated to hinder the growth of the category.These laws serve to safeguard customers and the environment and are crucial in preserving the integrity of the sector.

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Lubricants Sector Outlook: Identifying Lucrative Opportunities 2023-2030

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The economic value generated by the lubricants industry was estimated at approximately USD 134.65 billion in 2022. This economic output is an amalgamation of basic lubricant product categories namely, industrial, automotive, marine, and aerospace lubricants.

The global lubricant industry has been witnessing a significant change, particularly in terms of raw materials, owing to the rising demand for bio-based lubricants. Asia Pacific has emerged as one of the largest consumers of lubricants owing to the rapidly growing automotive industry along with industrial development in the region. The most extensively used lubricants in the Asian market include automotive engine oils, greases, and hydraulic fluids. The market in the Asia Pacific has started mirroring the American and European regulatory systems, and countries like Japan and South Korea are thus emphasizing eco-labeled lubricants.

Developing economies such as China, India, and Indonesia etc. are driving the manufacturing Industry across the globe. With an increased number of downstream and midstream projects, such as pipeline network expansion, LNG terminals, and downstream capacity expansion, the use of equipment has also increased, thus demand for specialized lubricants used for proper functioning of machineries will in turn increase for the forecast period.

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