The P2P payment market is valued at US$13 trillion
According to a recent report, the P2P payment market is worth US$3.21 trillion in 2023 and is expected to reach US$13 trillion by the end of 2032. global market insights corp.. Driven by the increasing popularity of mobile technology and digital wallets, the P2P payments market size is expected to grow at a compound annual growth rate of more than 15% between 2024 and 2032. As smartphones and internet connections become more common, consumers are increasingly turning to P2P payment apps because of their convenience and ease of use. According to GSMA, by 2023, about 54% of the world's population (equivalent to about 4.3 billion people) will own a smartphone. These payment platforms also allow users to quickly and securely transfer money between accounts, pay for goods and services, and split bills without the need for physical cash or checks. The rise of e-commerce and increasing preference for contactless transactions are driving the market growth. As consumers seek faster and…
Cold chain tracking and monitoring market valued at $24.1 billion
introduce As Market.us says, global Cold chain tracking and monitoring market Expected to achieve significant growth Will reach $24.1 billion by 2033,from $6.6 billion in 2023. This growth represents strong The compound annual growth rate is 15.5% during the forecast period from 2023 to 2032. This growth is driven by growing demand for perishable products and rising regulatory standards across industries. Also read: North American ports invest in refrigeration to capture growing refrigerated market The market covers a variety of technologies and components such as hardware systems including sensors and data loggers, as well as software solutions that provide real-time monitoring capabilities 2022, North America Lead the market and occupy the market 35.2% share and yields approx. US$2 billion In terms of income. The region’s dominance can be attributed to strong infrastructure, high consumer demand for safe, fresh products, and leading advancements in tracking technology. Cold chain tracking and monitoring involves complex systems that ensure the safety and quality of…
Artificial intelligence booms in packaging market, valued at $7.337 billion
this Global Artificial Intelligence for Packaging Market is on a strong growth trajectory and is expected to grow from US$2.679 billion in 2023 to a An impressive $7,337 Will reach 1 million by 2033. This significant growth reflects the increasing integration of artificial intelligence technology in various packaging processes. The market is expected to experience strong CAGR (Compound annual growth rate) is 11.26% From 2024 to 2033, this indicates a strong upward trend driven by innovation and changing consumer needs. Also Read: Artificial Intelligence and the Future of the Packaging Industry exist 2023Artificial Intelligence in Packaging Market Sees North America become a leading force, Ensure more than 38% share. The market demand in this area is strong and the value is approx. $1.018 billion. This significant valuation highlights the widespread adoption and integration of AI technology in a variety of packaging applications, from automated assembly lines to advanced quality control systems. These forecasts indicate that this segment will expand significantly…
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