The Sales Software Market is Segmented by Software Type (Sales CRM, Sales Engagement/Enablement, and More), Deployment Model (Cloud, On-Premise, and More), End-User Enterprise Size (Large Enterprises, Small and Medium Enterprises), End-User Industry (Retail and E-Commerce, IT and Telecom, BFSI, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Cell Culture Market Growth | Industry Analysis, Size & Forecast Report

Dataset updated: Jun 27, 2024

Provided by: Mordor Intelligence

License: Privacy Policy

Time period: 2019 - 2029

Area: Global

Variables: CAGR, Market size, Market share analysis, Global trends, Industry forecast

Description: The cell culture market is expected to witness a CAGR of 11.0% over the forecast period (2022-2027).

Units: Revenue in USD Billion, Volumes in Units, Pricing in USD

Regions and Countries Covered

Industry Segmentation

Products: Biosafety Equipment, Centrifuges, Cryostorage Equipment, Culture Systems/Bioreactors, Incubators, Pipetting Instruments, Others

Consumables: Media, Sera, Reagents

Application: Biopharmaceuticals, Drug Development, Gene Therapy, Tissue Culture and Engineering, Vaccine Production, Others

Market Players: Thermo Fisher Scientific, Danaher Corporation, Sartorius AG, Merck KGaA, others.

Market Estimates and Statistics

Market Segmentation by Product & Consumables

Market Segmentation by Application

Market Size by Region

The global cement market reached a value of USD 403.70 Billion in the year 2024. The market is expected to grow at a CAGR of 5.40% between 2025 and 2034 to reach USD 683.07 Billion by 2034.

The global text-to-speech market size reached approximately USD 3.45 Billion in 2024. The market is assessed to grow at a CAGR of 23.30% between 2025 and 2034 to attain a value of around USD 28.02 Billion by 2034.

Financial Data Services Market size was valued at USD 23.3 Billion in 2023 and is projected to reach USD 42.6 Billion by 2031, growing at a CAGR of 8.1% during the forecast period 2024-2031.Global Financial Data Services Market DriversThe market drivers for the Financial Data Services Market can be influenced by various factors. These may include:The need for real-time analytics is growing: Real-time analytics are becoming more and more necessary in the financial sector due to the acceleration of data consumption. To reduce risks, make wise decisions, and enhance customer service, organizations need quick insights. Stakeholders are giving priority to solutions that enable quick data processing and analysis due to the increase in market volatility and complexity. The need for sophisticated analytical skills is driving providers of financial data services to modernize their products. As companies come to realize that using real-time data is crucial for keeping a competitive edge in a fast-paced financial climate, the competition among them to provide timely insights also boosts market growth.Growing Machine Learning and AI Adoption: Data analysis has been profoundly changed by the incorporation of AI and machine learning technology into financial data services. By enabling predictive analytics, these technologies help financial organizations make better decisions and reduce risk. Businesses can find trends that were previously invisible by automating data processing operations. This leads to more precise forecasts and improved investment plans. Furthermore, sophisticated algorithms are flexible enough to adjust to shifting circumstances, keeping organizations flexible. The increasing intricacy of financial markets necessitates the use of AI and machine learning, which in turn drives demand for sophisticated financial data services and promotes innovation in the sector.Global Financial Data Services Market RestraintsSeveral factors can act as restraints or challenges for the Financial Data Services Market. These may include:Difficulties in Regulatory Compliance: Regulations controlling data management, privacy, and financial transactions place heavy restrictions on the financial data services market. Regulations like the GDPR, CCPA, and banking industry standards like Basel III and SOX must all be complied with by organizations. Complying with these requirements frequently necessitates a significant investment in staff and compliance systems, which can be taxing, especially for smaller businesses. Regulations are dynamic, and different locations have different needs, which adds to the complexity and expense. Noncompliance not only results in monetary fines but also has the potential to harm an entity's image, so impeding market expansion.Dangers to Data Security: Threats to data security are a major impediment to the financial data services market. Because they manage sensitive data, financial institutions are often the targets of cyberattacks. Breach can lead to significant monetary losses, legal repercussions, and long-term harm to one's image. Although they can greatly increase operating expenses, investments in strong security measures like encryption, safe access protocols, and continual monitoring are crucial. Moreover, the dynamic strategies employed by cybercriminals need continuous adjustment, placing a burden on resources and detracting from the main operations of businesses. The evolution of security threats poses a challenge to preserving consumer trust, hence impeding industry expansion.

Stay updated with Market Research Intellect's Product Comparison Website Market Report, valued at USD 2.5 billion in 2024, projected to reach USD 5.8 billion by 2033 with a CAGR of 10.5% (2026-2033).

Market researchers investigate clients' target markets' behaviour, values and opinions, providing insights that allow them to tailor their products, services and marketing. Researchers rely on high European research and development expenditure to fuel demand for market research. Increased digitalisation has opened new doors for market research providers while intensifying competition. Artificial intelligence is increasingly important in analysing, identifying and generating research insights from social media posts using a flood of data. Meanwhile, digital surveys have allowed research companies to expand their outreach, save resources and costs and often attain more accurate and comprehensive insights for clients. Over the five years through 2024, industry revenue is expected to contract at a compound annual rate of 3.6% to €27.2 billion. The COVID-19 outbreak and ensuring low business sentiment took a toll on market research budgets. A sharp contraction in business sentiment squeezed corporate profit, discouraging companies from investing in research and development activities and negatively affecting professional research providers in 2022. A greater availability of data and alternative research methods means that researchers are competing more and more with in-house research departments. In 2024, industry revenue is expected to drop by 3.1% as consumers lower their private consumption expenditure, reducing consumer research activity. Over the five years through 2029, industry revenue is forecast to climb at a compound annual rate of 2.9% to reach €31.4 billion. Over the coming years, market research companies will face higher external competition from technology specialists leveraging insights internally, constraining revenue growth. Nonetheless, researchers will benefit from increasing online advertising activity. Those incorporating advanced data analytics systems and digital market research technology will remain competitive and benefit from greater digitalisation. Smart mobile surveys will also become an invaluable tool for consumer research companies.

Webinar And Webcast Market size was valued at USD 1.24 Billion in 2024 and is projected to reach USD 2.2 Billion by 2031, growing at a CAGR of 7.46% during the forecast period 2024-2031.

Global Webinar And Webcast Market Drivers

Increasing Adoption of Remote Work: The rise of remote work and the need for effective communication and collaboration tools drive demand for webinars and webcasts, which facilitate virtual meetings, training sessions, and presentations.

Growing Popularity of Online Learning: The expansion of online education and e-learning platforms, particularly in response to the COVID-19 pandemic, boosts the use of webinars and webcasts for delivering educational content and training programs.

Marketing and Lead Generation: Businesses increasingly use webinars and webcasts as part of their marketing strategies to engage with customers, generate leads, and build brand awareness, driving market growth.

Cost-Effectiveness: Webinars and webcasts offer a cost-effective solution for conducting meetings, training sessions, and conferences, eliminating the need for travel and physical event costs, making them attractive to organizations.

Technological Advancements: Innovations in webinar and webcast technology, including high-definition video, interactive features, analytics, and integration with other digital tools, enhance user experience and drive adoption.

Global Reach and Accessibility: The ability to reach a global audience and provide on-demand access to content makes webinars and webcasts an essential tool for organizations looking to expand their reach and engage with a wider audience.

Improved Engagement Tools: Advanced features such as live polling, Q&A sessions, chat functions, and interactive content increase audience engagement and participation, making webinars and webcasts more effective.

Environmental Concerns: The move towards reducing carbon footprints and promoting sustainability encourages the use of virtual events, which significantly reduce the environmental impact associated with travel and physical gatherings.

Regulatory and Compliance Training: The need for regular training on regulatory compliance and industry standards across various sectors drives the adoption of webinars and webcasts as efficient training delivery methods.

Healthcare and Telemedicine: The healthcare sector's increasing reliance on telemedicine and remote consultations drives the use of webinars and webcasts for medical training, patient education, and professional development.

The Relay Market's Goal: USD 16.43 Billion in Revenue and an 6.20% CAGR by 2023.

Search engines, which collect, organize and display knowledge of the internet, remain central to the digital economy but are entering a period of rapid transformation driven by AI and shifting user behavior. Over the past five years, internet advertising spending maintained strong momentum, propelled by growing mobile internet access and consumer screen time. Consequently, industry revenue is expected to climb at a CAGR of 9.4% to $316.8 billion, including an anticipated rise of 7.7% in 2025, with profit at 18.6%. The industry stands apart from most in the tech sector, because of its platform-based revenue model, aggregation dynamics and deep integration with the broader digital ecosystem. While user engagement fuels relevance, it is advertiser demand that sustains revenue, requiring a careful balance between utility and monetization. This landscape has been reshaped by the rise of generative AI. Conversational tools and AI-generated summaries are reducing user interaction with traditional search results, challenging established SEO practices and disrupting referral-based traffic flows. Meanwhile, search engines are reconfiguring their ad models to prioritize quality and contextual relevance, moving away from legacy monetization strategies. These trends signal a broader shift in how search platforms operate, less as navigational tools and more as integrated, AI-driven environments. As digital behavior fragments and users seek information across apps like Amazon, TikTok and ChatGPT, industry revenue is still projected to climb at a CAGR of 7.3% to $449.9 billion through 2030. Advertisers are expected to continue investing in search, drawn by the format’s performance insights and optimization capabilities. However, AI is redefining search from a navigational tool into a task-oriented solution engine, where users expect conversational, multimodal and predictive answers instead of traditional results pages. To stay relevant, incumbent platforms must evolve into embedded AI utilities that power experiences across devices and enterprise workflows.

The global recruitment software market was valued at USD 2.20 Billion in 2024. The industry is expected to grow at a CAGR of 6.30% during the forecast period of 2025-2034 to reach a value of USD 4.05 Billion by 2034.

The recruitment software market growth is driven by global skills gaps, hybrid work models, and AI-backed hiring mandates. Enterprises, in increasing numbers, are trading traditional hiring models for intelligent platforms that streamline sourcing, interviewing, and onboarding. A standout example is the European Commission’s Digital Europe Programme, which allocates over EUR 580 million to AI adoption, directly impacting HR technology growth. Similarly, the United Kingdom’s Future of Work Review has underscored automation in recruitment as a critical reform area.

In India, the Digital Employment Exchange of Telangana (DEET) showcases how state-led digital hiring platforms can be scaled using recruitment software solutions, boosting the recruitment software market dynamics. Moreover, the US Department of Labor's Apprenticeship Building America (ABA) programme encourages tech firms to adopt digital hiring solutions to match apprentices with companies in real time.

Such initiatives are fuelling demand for tools that go beyond applicant tracking. These can include candidate engagement, bias mitigation, and predictive analytics. Vendors are increasingly offering modular platforms with integrations across job boards, video interview tools, and workforce analytics dashboards, influencing the recruitment software market development.

Dive into Market Research Intellect's Entry Door Components Market Report, valued at USD 5.2 billion in 2024, and forecast to reach USD 7.8 billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.

The global fruits market attained a value of nearly USD 617.37 Billion in 2024. The market is further expected to grow at a CAGR of 3.50% during the forecast period of 2025-2034 to reach a value of USD 870.86 Billion by 2034.

Medical Robots Market size was valued at USD 16.15 Billion in 2024 and is projected to reach USD 46.83 Billion by 2031, growing at a CAGR of 14.23% from 2024 to 2031.

Global Medical Robots Market Drivers

Aging Population and Increased Demand for Eldercare: As the world's old population grows, so does the demand for medical robots to help with caring and healthcare delivery. According to the World Health Organization, the proportion of the global population over the age of 60 will nearly double between 2015 and 2050, from 12% to 22%. This generational trend is likely to drive up demand for medical robots in assisted living facilities and home care settings.

Rising Prevalence of Chronic Diseases: The rising frequency of chronic diseases is driving the use of medical robots for accurate surgeries and therapies. According to the Centers for Disease Control and Prevention (CDC), 6 in 10 persons in the United States have at least one chronic disease, and 4 in 10 have two or more. This increasing prevalence is driving up demand for minimally invasive robotic operations, which provide better results and faster recovery periods.

Shortage of healthcare workers: The global lack of healthcare experts is hastening the deployment of medical robots to assist and augment human capabilities. The World Health Organization predicts a shortage of 18 million health workers by 2030, especially in low- and lower-middle-income nations. Medical robots can help eliminate the shortfall by aiding with mundane chores, freeing up healthcare personnel to focus on more sophisticated patient care activities.

Web design service companies have experienced significant growth over the past few years, driven by the expanding use of the Internet. As online operations have become more widespread, businesses and consumers have increasingly recognized the importance of maintaining an online presence, leading to robust demand for web design services and boosting the industry’s profit. The rise in broadband connections and online business activities further spotlight this trend, making web design a vital component of modern commerce and communication. This solid foundation suggests the industry has been thriving despite facing some economic turbulence related to global events and shifting financial climates. Over the past few years, web design companies have navigated a dynamic landscape marked by both opportunities and challenges. Strong economic conditions have typically favored the industry, with rising disposable incomes and low unemployment rates encouraging both consumers and businesses to invest in professional web design. Despite this, the sector also faced hurdles such as high inflation, which made cost increases necessary and pushed some customers towards cheaper substitutes such as website templates and in-house production, causing a slump in revenue in 2022. Despite these obstacles, the industry has demonstrated resilience against rising interest rates and economic uncertainties by focusing on enhancing user experience and accessibility. Overall, revenue for web design service companies is anticipated to rise at a CAGR of 2.2% during the current period, reaching $43.5 billion in 2024. This includes a 2.2% jump in revenue in that year. Looking ahead, web design companies will continue to do well, as the strong performance of the US economy will likely support ongoing demand for web design services, bolstered by higher consumer spending and increased corporate profit. On top of this, government investment, especially at the state and local levels, will provide further revenue streams as public agencies seek to upgrade their web presence. Innovation remains key, with a particular emphasis on designing for mobile devices as more activities shift to on-the-go platforms. Companies that can effectively adapt to these trends and invest in new technologies will likely capture a significant market share, fostering an environment where entry remains feasible yet competitive. Overall, revenue for web design service providers is forecast to swell at a CAGR of 1.9% during the outlook period, reaching $47.7 billion in 2029.

The global urban air mobility market generated revenue of USD 3,903.0 million in 2023, to reach USD 29,717.9 million at a growth rate of 33.8% during 2024–2030.

The Weather Forecasting Service Market is estimated to reach USD 4.8 Billion by 2033, riding on a strong 7.2% CAGR.

The global railroads market is supported by the growth of global rail transport market, which is expected to grow at a CAGR of 3.00% in the forecast period of 2025-2034 to reach a value of approximately USD 302.10 Billion by 2034.

Stay updated with Market Research Intellect's Body Butter Market Report, valued at USD 4.2 billion in 2024, projected to reach USD 6.5 billion by 2033 with a CAGR of 6.2% (2026-2033).

Mail-order retailers are companies that primarily use mail catalogs and TV to display and sell merchandise. Rapidly increasing competition from online shopping outlets forced mail-order retailers to develop new strategies to prevent revenue losses or slow growth. E-commerce retailers offer levels of convenience that are highly attractive to consumers, lowering sales from mail order services, particularly among younger consumers. However, the industry benefited from the pandemic, as older consumers were encouraged to reduce exposure to the virus and stay at home. Revenue for mail-order businesses is expected to climb at a CAGR of 4.3% to $252.3 billion through the end of 2024, despite a forecast decline of 2.1% in 2024. Many mail order retailers began offering internet and mobile e-commerce services to cope with slowing industry revenue and increasing demand for online retailers. In recent years, a growing share of retail sales have come from online websites and mobile apps, cannibalizing sales generated by mail-order channels. Although this increases revenue for individual companies, it shows the falling reliability of mail-order sales as a source of revenue. Similarly, mail-order retailers are affected by lower cable TV subscriptions, reducing exposure and lowering revenue from infomercials. The growing competitive landscape has pressured prices and contributed to lower profitability. Moving forward, external competition from e-commerce and brick-and-mortar retailers will harm industry performance. Consumers will continue to opt for online shopping because of the increased convenience and ability to compare products and prices across multiple brands. Declines in cable TV subscriptions will continue threatening TV home-shopping networks as fewer consumers can access these channels. Consumers who find these channels can access e-commerce solutions to compare prices and shop directly on the website. As high-speed internet access becomes more widespread along with robust cellular coverage, mail-order businesses will endure further external pressures. These factors are expected to cause revenue to drop at a CAGR of 1.6% to $232.9 billion through the end of 2029.