ReleaseWire Connect

The luxury goods market is expected to grow by 7% by the end of 2012 despite the economic slowdown. The major reason behind this significant rise in the luxury goods industry is the rising concern of people over style and personal attire. Changing lifestyle and rising living standards are mainly driving the growth of this market.

The growing trend toward urbanization, higher spending capacity, and rising concerns for personal appearance and grooming are some of the major factors responsible for driving the fragrances market. In addition, the increased demand for youth oriented, floral and exotic fragrances is ready to set the pace for quick market expansion. Even though women’s perfumes and fragrances continue to dominate this market, there is a significant growth in the sales of men’s fragrances and perfumes, which is opening up new opportunities in the fragrances industry. This market is expected to have a bright future owing to increasing concerns for personal hygiene and appearance.

Introduction of herbal hair care products that help people look younger, and the technological innovations in product manufacturing are some of the factors driving the growth of this industry. The hair care market has experienced rapid growth in the past few years and the trend is expected to continue in future as people are becoming more style conscious than ever before. There are a number of products developed for different end users and hair types, and technological innovations are making these products even more effective and beneficial. Sale of premium shampoo is expected to be the highest followed by hair gels and hair accessories.

Nanobiotechnology is an emerging field in healthcare which encompasses the applications of two fields - nanotechnology and biotechnology - in the field of healthcare and medicine. Nanotechnology is poised to become the largest competitive space in the industry with applications in several areas within the industry. Nanobiotechnology is the key to develop tools to analyze the smallest biological sample possible, which is a single molecule. This is expected to present many opportunities and expand capabilities in areas such as forensic diagnostics and forensic science. In the recent years nanotechnology has definitely moved from the drawing board and into the field with many applications in pharmaceuticals (such as drug delivery and drug discovery), agriculture, diagnostics, therapeutics, in various devices, and in robotics.

Transparency Market Research published new market report "OSS/BSS Market -Asia Pacific and Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the market was valued at USD 17 billion in 2011, and is expected to reach USD 48.54 billion by 2018, growing at a CAGR of 16.2% from 2012 to 2018.

Electronic chemicals are highly pure chemicals like strippers, gases, acids, photo resists and so on, which are useful in electronic applications like printed circuits boards (PCB), integrated circuits (IC), flat screens, and semiconductor chips. For this reason, the electronic chemical market follows the growth pattern of the electronic market and allied industries like semiconductors.

Over the recent years, global automated external defibrillators (AED) have witnessed double digit growth rate owing to the factors such as aging population and rising incidences of various cardiovascular diseases. Moreover, advancement in medical technology and widespread availability of medical services for patients suffering from SCA are some of the major drivers for this market. A Cardiovascular disease such as sudden cardiac arrest (SCA) is one of the major disorders affecting the population worldwide. SCA is a condition in which the heart unexpectedly and suddenly stops functioning or beating which ultimately leads to the stoppage of blood supply to the brain and other vital organs.

Voice recognition is the process by which a machine or program receives and interprets dictation as well as understands and carries out spoken commands. Voice recognition technologies helps customers comply with privacy, security, and safety requirements governed by law and by user expectations. Automatic voice recognition and text-to-speech software work together to voice-enable many applications. Software sales are expected to increase at a substantial rate during this period.

The relative low cost and its abundance is prompting many countries to take advantage of coal as the major source for power generation in the coming years. However, the increasing fear of global warming and the impact of coal on our environment and on human health have led to calls for coal to be replaced by cleaner energy sources. These factors, together, are giving rise to the development of clean coal technology that aims to reduce the release of harmful by-products after combustion of coal. The clean coal technology market is expected to witness substantial growth over the next decade as many governments and private companies are investing in this growing market.

The growth of mobile technology and services which is driving the cloud computing and SaaS market, has seen a new emerging segment of BaaS (Backend as a Service) solutions, which was not much known till now.