With an initial estimation of US$9.7 billion in 2022, this market is anticipated to expand substantially to reach US$26.8 billion by 2030. This growth, corresponding to a CAGR of 13.5% during the analysis period of 2022-2030, reflects the evolving dynamics of the industry.
The Media & Entertainment sector, one of the segments examined within the report, is expected to achieve a remarkable 15.8% CAGR, culminating in a valuation of US$7.6 billion by the conclusion of the analysis period. In light of the ongoing recovery from the pandemic, the Healthcare & Life Sciences segment’s growth trajectory has been revised to a heightened 14.7% CAGR over the subsequent 8 years.
In terms of geographical influence, the U.S. market is assessed to be worth US$2.7 billion in 2022. Meanwhile, China, the world’s second-largest economy, is poised to attain a market size of US$3.9 billion by 2030, with an impressive CAGR of 16.6% spanning the analysis period from 2022 to 2030.
Notable growth is also expected in other key geographic markets. Japan and Canada are both projected to experience substantial growth, expanding by 11.6% and 13% respectively during the period 2022-2030. Within Europe, Germany is forecasted to display robust growth at an approximate CAGR of 13.2%.
Scope of the Report
Market Analysis Highlights:
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 225 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/bols3t
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716