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  • The global powder coating market is projected to grow significantly over the next decade, reaching a valuation of USD 19,463.53 million by 2035, up from USD 12,634.65 million in 2025, according to recent industry analysis. This growth represents a compound annual growth rate (CAGR) of 5.7% during the forecast period of 2025 to 2035.

    Powder coating, a dry finishing process that uses finely ground particles of pigment and resin, is increasingly being recognized as a superior alternative to traditional liquid coatings. The coating is applied electrostatically and then cured under heat, creating a smooth, durable, and high-performance finish without the need for solvents. It is most commonly used on metal surfaces but is gaining traction across other substrates as technology advances.

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    Powder Coating Market Key Player:

    Akzo Nobel N.V.

    The Sherwin-Williams Company

    PPG Industries, Inc.

    Axalta Coating Systems LLC

    BASF SE

    Jotun A/S

    Nippon Paint Holdings Co., Ltd.

    RPM International Inc.

    Asian Paints Limited

    Kansai Paint Co., Ltd.

    Berger Paints India Limited

    TIGER Coatings GmbH & Co. KG

    Valspar Corporation

    Teknos

    Masco Corporation

    Evonik Industries AG

    Arkema S.A.

    DSM Coating Resins B.V.

    3M

    Others

    Environmental Compliance: A Key Growth Catalyst

    One of the primary drivers fueling this robust growth is the rising global demand for eco-friendly, sustainable surface coating solutions. Powder coatings are virtually free from Volatile Organic Compounds (VOCs) and Hazardous Air Pollutants (HAPs)—two categories of emissions that are heavily regulated due to their impact on air quality and human health.

    "With stringent environmental regulations like the EU’s REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) and the U.S. Environmental Protection Agency’s (EPA) NESHAP standards, industries are under pressure to shift towards cleaner technologies,” stated a senior analyst from Allied Market Research. “Powder coatings help manufacturers meet these standards without compromising on performance or cost-efficiency.”

    The European Union has placed increasing regulatory scrutiny on chemicals classified as Substances of Very High Concern (SVHCs), prompting companies to seek safer alternatives. Powder coatings align well with this trend, reducing the administrative burden of compliance while simultaneously enhancing workplace safety and sustainability.

    Market Segments:

    Powder Coating Market, By Resin Type:

    Acrylic

    Epoxy

    Epoxy-Polyester (Hybrid)

    Polyester

    Polyurethane

    Others

    Powder Coating Market, By Application:

    Architectural

    Automotive

    Consumer Goods

    Furniture

    General Industries

    Others

    Industry-Wide Adoption Across End-Use Sectors

    Powder coatings are witnessing widespread adoption in automotive, appliances, architecture, furniture, industrial equipment, and even consumer electronics. Their ability to offer high durability, resistance to corrosion, and an attractive finish makes them ideal for various demanding applications.

    The automotive industry, for instance, is a major contributor to market expansion. Automakers are leveraging powder coatings for wheels, underbody parts, and decorative trim not only to comply with environmental mandates but also to extend product lifespan and enhance visual appeal.

    Likewise, home appliances and white goods manufacturers are rapidly integrating powder coatings into production processes to achieve low-VOC output and consistent surface finish, while also reducing material wastage and improving operational efficiency.

    Advantages Over Traditional Coating Solutions

    Beyond regulatory compliance and environmental appeal, powder coatings offer several performance and operational advantages:

    Lower operational costs due to minimal waste and overspray

    Greater material utilization efficiency, with up to 98% recovery rates

    Faster production turnaround due to shorter curing times

    Superior finish quality that resists chipping, scratching, and fading

    These benefits are encouraging manufacturers worldwide to retool their coating processes in favor of powder-based applications.

    Challenges and Emerging Opportunities

    Despite the many advantages, the powder coating market faces certain challenges—primarily around application to heat-sensitive materials like plastics and composites. However, technological innovations, such as low temperature curing powders, are addressing these limitations and unlocking new avenues for market penetration.

    Furthermore, the growing trend of customization and color variety, especially in automotive aftermarket and consumer appliances, is expected to enhance product differentiation and end-user satisfaction, driving market growth further.

    FAQ:

    What is the market size of Powder Coating Market in 2025?

    What is the growth rate for the Powder Coating Market?

    Which are the top companies operating within the market?

    Which region dominates the Powder Coating Market?

    Why to buy this Report?

    Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

    Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.

    Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up to date with the latest developments and make informed decisions about where to invest their resources.

    Explore More Reports:

    Mosfet Relay Market: https://wemarketresearch.com/reports/mosfet-relay-market/1677

    About We Market Research:

    At We Market Research, we are passionate about data, insights, and helping businesses thrive in an ever-evolving marketplace. Our journey began with a simple yet profound belief: Informed decisions lead to sustainable success. With this principle at our core, we've grown into a dynamic and innovative market research company dedicated to providing you with the knowledge and strategies you need to navigate the complexities of your industry.

    We provide a comprehensive range of research services, including brand perception research, pricing analysis, customer segmentation, competitive analysis, product development and innovation studies, market sizing and forecasts, and more. Our objective is to give our clients a comprehensive insight of their market environment so they can improve their competitive advantage, optimize their strategy, and drive growth.

    Contact Us:

    Robbin Joseph

    Phone: +17246183925

    Email: sales@wemarketresearch.com

    Location: United States 99 WALL STREET, #2124 NEW YORK, NY 10005
    The global powder coating market is projected to grow significantly over the next decade, reaching a valuation of USD 19,463.53 million by 2035, up from USD 12,634.65 million in 2025, according to recent industry analysis. This growth represents a compound annual growth rate (CAGR) of 5.7% during the forecast period of 2025 to 2035. Powder coating, a dry finishing process that uses finely ground particles of pigment and resin, is increasingly being recognized as a superior alternative to traditional liquid coatings. The coating is applied electrostatically and then cured under heat, creating a smooth, durable, and high-performance finish without the need for solvents. It is most commonly used on metal surfaces but is gaining traction across other substrates as technology advances. Request Sample Copy: https://wemarketresearch.com/reports/request-free-sample-pdf/powder-coating-market/1748 Powder Coating Market Key Player: Akzo Nobel N.V. The Sherwin-Williams Company PPG Industries, Inc. Axalta Coating Systems LLC BASF SE Jotun A/S Nippon Paint Holdings Co., Ltd. RPM International Inc. Asian Paints Limited Kansai Paint Co., Ltd. Berger Paints India Limited TIGER Coatings GmbH & Co. KG Valspar Corporation Teknos Masco Corporation Evonik Industries AG Arkema S.A. DSM Coating Resins B.V. 3M Others Environmental Compliance: A Key Growth Catalyst One of the primary drivers fueling this robust growth is the rising global demand for eco-friendly, sustainable surface coating solutions. Powder coatings are virtually free from Volatile Organic Compounds (VOCs) and Hazardous Air Pollutants (HAPs)—two categories of emissions that are heavily regulated due to their impact on air quality and human health. "With stringent environmental regulations like the EU’s REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) and the U.S. Environmental Protection Agency’s (EPA) NESHAP standards, industries are under pressure to shift towards cleaner technologies,” stated a senior analyst from Allied Market Research. “Powder coatings help manufacturers meet these standards without compromising on performance or cost-efficiency.” The European Union has placed increasing regulatory scrutiny on chemicals classified as Substances of Very High Concern (SVHCs), prompting companies to seek safer alternatives. Powder coatings align well with this trend, reducing the administrative burden of compliance while simultaneously enhancing workplace safety and sustainability. Market Segments: Powder Coating Market, By Resin Type: Acrylic Epoxy Epoxy-Polyester (Hybrid) Polyester Polyurethane Others Powder Coating Market, By Application: Architectural Automotive Consumer Goods Furniture General Industries Others Industry-Wide Adoption Across End-Use Sectors Powder coatings are witnessing widespread adoption in automotive, appliances, architecture, furniture, industrial equipment, and even consumer electronics. Their ability to offer high durability, resistance to corrosion, and an attractive finish makes them ideal for various demanding applications. The automotive industry, for instance, is a major contributor to market expansion. Automakers are leveraging powder coatings for wheels, underbody parts, and decorative trim not only to comply with environmental mandates but also to extend product lifespan and enhance visual appeal. Likewise, home appliances and white goods manufacturers are rapidly integrating powder coatings into production processes to achieve low-VOC output and consistent surface finish, while also reducing material wastage and improving operational efficiency. Advantages Over Traditional Coating Solutions Beyond regulatory compliance and environmental appeal, powder coatings offer several performance and operational advantages: Lower operational costs due to minimal waste and overspray Greater material utilization efficiency, with up to 98% recovery rates Faster production turnaround due to shorter curing times Superior finish quality that resists chipping, scratching, and fading These benefits are encouraging manufacturers worldwide to retool their coating processes in favor of powder-based applications. Challenges and Emerging Opportunities Despite the many advantages, the powder coating market faces certain challenges—primarily around application to heat-sensitive materials like plastics and composites. However, technological innovations, such as low temperature curing powders, are addressing these limitations and unlocking new avenues for market penetration. Furthermore, the growing trend of customization and color variety, especially in automotive aftermarket and consumer appliances, is expected to enhance product differentiation and end-user satisfaction, driving market growth further. FAQ: What is the market size of Powder Coating Market in 2025? What is the growth rate for the Powder Coating Market? Which are the top companies operating within the market? Which region dominates the Powder Coating Market? Why to buy this Report? Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis. Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market. Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up to date with the latest developments and make informed decisions about where to invest their resources. Explore More Reports: Mosfet Relay Market: https://wemarketresearch.com/reports/mosfet-relay-market/1677 About We Market Research: At We Market Research, we are passionate about data, insights, and helping businesses thrive in an ever-evolving marketplace. Our journey began with a simple yet profound belief: Informed decisions lead to sustainable success. With this principle at our core, we've grown into a dynamic and innovative market research company dedicated to providing you with the knowledge and strategies you need to navigate the complexities of your industry. We provide a comprehensive range of research services, including brand perception research, pricing analysis, customer segmentation, competitive analysis, product development and innovation studies, market sizing and forecasts, and more. Our objective is to give our clients a comprehensive insight of their market environment so they can improve their competitive advantage, optimize their strategy, and drive growth. Contact Us: Robbin Joseph Phone: +17246183925 Email: sales@wemarketresearch.com Location: United States 99 WALL STREET, #2124 NEW YORK, NY 10005
    WEMARKETRESEARCH.COM
    Request Free Sample PDF of Powder Coating Market Report
    Request free sample PDF or download PDF of Powder Coating market report.
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  • Innovations in IVF: Infertility Treatment of the Future

    Infertility can be one of the biggest tests that couples will encounter in their reproductive years. Fortunately, unique advances in the technology of in vitro fertilization or IVF are changing infertility treatments and providing new expectations. It is noticeable, that with the development of technologies, the future of IVF is rather optimistic and individualised.

    Improved Genetic Screening
    Some of the breakdowns of IVF include; One of the most dramatically enhanced in the field of IVF is genetics screening. Preimplantation Genetic Testing (PGT) entails the testing of embryos for any genetic disorders before they are implanted into the female partner’s womb.

    Embryo Culture Media Advances
    The latter has changed greatly, but the culture media used to grow embryos in the lab proves to be developed. New formulations of culture media can help produce better embryo development which in return increases the likelihood of giving a successful pregnancy. These advancements allow for embryos to be placed and grow in one that provides the best natural environment as the uterus.

    Cryopreservation Techniques
    The methods of embryo preservation with the purpose of their utilization in further periods have been developing greatly; this method is called cryopreservation. There are new methods that make the survival of frozen embryos to be higher. Owing to vitrification which is a method of rapid freezing of embryos, has boosted the success rates of embryo transfer particularly involving frozen embryos.

    Personalized IVF Protocols
    It is greatly understood now that every patient is different and therefore different treatments should be designed for every patient. Some of the techniques that are employed in the treatment include the ability of doctors to test and analyze data about IVF protocols to match the various requirements of a certain individual.

    Fertility treatment at Pahlajanis’ Hospital
    Pahlajanis’ Women’s Hospital, the Best IVF Center in Raipur, is a leading infertility clinic in Raipur, Chhattisgarh. It has a strong reputation for high-tech IVF services as well as a warm client approach where people feel free to address their infertility issues. Our team of Gynecologists and fertility doctors offers patients up-to-date techniques as well as personalized approaches to every patient.
    Learn more about the Fertility and IVF Treatment: https://pahlajanis.com
    Innovations in IVF: Infertility Treatment of the Future Infertility can be one of the biggest tests that couples will encounter in their reproductive years. Fortunately, unique advances in the technology of in vitro fertilization or IVF are changing infertility treatments and providing new expectations. It is noticeable, that with the development of technologies, the future of IVF is rather optimistic and individualised. Improved Genetic Screening Some of the breakdowns of IVF include; One of the most dramatically enhanced in the field of IVF is genetics screening. Preimplantation Genetic Testing (PGT) entails the testing of embryos for any genetic disorders before they are implanted into the female partner’s womb. Embryo Culture Media Advances The latter has changed greatly, but the culture media used to grow embryos in the lab proves to be developed. New formulations of culture media can help produce better embryo development which in return increases the likelihood of giving a successful pregnancy. These advancements allow for embryos to be placed and grow in one that provides the best natural environment as the uterus. Cryopreservation Techniques The methods of embryo preservation with the purpose of their utilization in further periods have been developing greatly; this method is called cryopreservation. There are new methods that make the survival of frozen embryos to be higher. Owing to vitrification which is a method of rapid freezing of embryos, has boosted the success rates of embryo transfer particularly involving frozen embryos. Personalized IVF Protocols It is greatly understood now that every patient is different and therefore different treatments should be designed for every patient. Some of the techniques that are employed in the treatment include the ability of doctors to test and analyze data about IVF protocols to match the various requirements of a certain individual. Fertility treatment at Pahlajanis’ Hospital Pahlajanis’ Women’s Hospital, the Best IVF Center in Raipur, is a leading infertility clinic in Raipur, Chhattisgarh. It has a strong reputation for high-tech IVF services as well as a warm client approach where people feel free to address their infertility issues. Our team of Gynecologists and fertility doctors offers patients up-to-date techniques as well as personalized approaches to every patient. Learn more about the Fertility and IVF Treatment: https://pahlajanis.com
    PAHLAJANIS.COM
    Home
    Best IVF Center in Raipur: Pahlajanis' Women's Hospital is the largest service provider in Fertility Treatment, Maternity Care, and Test Tube Baby Center.
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  • Digital Printer Market Shaping Future Trends & Growth Analysis by Fact MR

    The global digital printer market (λ””μ§€ν„Έ ν”„λ¦°ν„° μ‹œμž₯) was valued at US$ 24.65 billion in 2022 and is projected to grow at a CAGR of 6.3% between 2022 and 2032. According to Fact.MR, the increasing utilization of printing across various applications is expected to drive a revolution in the digital printer market, characterized by enhanced speed and precision. With digitization taking over, the digital printers market is expected to grow on an impertinent note in the forecast period. Also, the fact that digital cameras are being used in an aplomb can’t be ignored. The textile industry is also into digital prints. These factors are also helping in catalysing the digital printer market.

    Get Free Sample Copy of This Report-https://www.factmr.com/connectus/sample?flag=S&rep_id=469

    Sustainability has been a popular trend across the world over the past few years and is expected to only get significant over the forecast period. The demand for sustainable packaging is higher than ever before and the use of digital printers (Printéirí Digiteacha) makes this possible at a reasonable cost. Hence, as demand for sustainable packaging and printing solutions increases, it is projected to drive the sales of digital printers through 2032. UV-curable inks are anticipated to be highly popular due to their eco-friendly nature and ability to protect against UV radiation that could harm the quality of prints.
    Digital Printer Market Shaping Future Trends & Growth Analysis by Fact MR The global digital printer market (λ””μ§€ν„Έ ν”„λ¦°ν„° μ‹œμž₯) was valued at US$ 24.65 billion in 2022 and is projected to grow at a CAGR of 6.3% between 2022 and 2032. According to Fact.MR, the increasing utilization of printing across various applications is expected to drive a revolution in the digital printer market, characterized by enhanced speed and precision. With digitization taking over, the digital printers market is expected to grow on an impertinent note in the forecast period. Also, the fact that digital cameras are being used in an aplomb can’t be ignored. The textile industry is also into digital prints. These factors are also helping in catalysing the digital printer market. Get Free Sample Copy of This Report-https://www.factmr.com/connectus/sample?flag=S&rep_id=469 Sustainability has been a popular trend across the world over the past few years and is expected to only get significant over the forecast period. The demand for sustainable packaging is higher than ever before and the use of digital printers (Printéirí Digiteacha) makes this possible at a reasonable cost. Hence, as demand for sustainable packaging and printing solutions increases, it is projected to drive the sales of digital printers through 2032. UV-curable inks are anticipated to be highly popular due to their eco-friendly nature and ability to protect against UV radiation that could harm the quality of prints.
    WWW.FACTMR.COM
    Free Sample Report of Digital Printer Market is available for Download
    Free Sample Report of Digital Printer Market is available for Download
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  • Food Grade Cellulose Market: Global Analysis Report by Fact MR

    The global Food Grade Cellulose Market (Margadh Ceallalóis Grád Bia) is estimated to be valued at US$ 402.3 million in 2024. It is projected to grow steadily at a compound annual growth rate (CAGR) of 4.1% through 2034, reaching a valuation of US$ 603.5 million by the end of the forecast period. Increasing consumer awareness and preference for healthier diets drive the demand for food products containing natural and functional ingredients like food-grade cellulose, known for its high fiber content and health benefits. Consumer demand for clean label products with recognizable and natural ingredients aligns with food-grade cellulose, derived from plant sources, meeting the criteria for clean and transparent labelling.

    Want Full Report? Enquire Here-https://www.factmr.com/report/food-grade-cellulose-market

    The multifunctional nature of food-grade cellulose (Celulosa de calidad alimentaria), serving as a thickener, stabilizer, emulsifier, and bulking agent in various food applications, contributes to its rising adoption by food manufacturers seeking versatile additives.

    As the demand for gluten-free alternatives increases, food-grade cellulose becomes essential in providing structure and texture in gluten-free bakery and other products. Ongoing innovations in cellulose derivatives, formulations, and processing techniques drive the development of more effective and efficient food-grade cellulose products, expanding its applications in the food industry. Approval and affirmation of safety by regulatory bodies such as the FDA reinforce confidence in the use of food-grade cellulose, boosting its acceptance and utilization in food products.
    Food Grade Cellulose Market: Global Analysis Report by Fact MR The global Food Grade Cellulose Market (Margadh Ceallalóis Grád Bia) is estimated to be valued at US$ 402.3 million in 2024. It is projected to grow steadily at a compound annual growth rate (CAGR) of 4.1% through 2034, reaching a valuation of US$ 603.5 million by the end of the forecast period. Increasing consumer awareness and preference for healthier diets drive the demand for food products containing natural and functional ingredients like food-grade cellulose, known for its high fiber content and health benefits. Consumer demand for clean label products with recognizable and natural ingredients aligns with food-grade cellulose, derived from plant sources, meeting the criteria for clean and transparent labelling. Want Full Report? Enquire Here-https://www.factmr.com/report/food-grade-cellulose-market The multifunctional nature of food-grade cellulose (Celulosa de calidad alimentaria), serving as a thickener, stabilizer, emulsifier, and bulking agent in various food applications, contributes to its rising adoption by food manufacturers seeking versatile additives. As the demand for gluten-free alternatives increases, food-grade cellulose becomes essential in providing structure and texture in gluten-free bakery and other products. Ongoing innovations in cellulose derivatives, formulations, and processing techniques drive the development of more effective and efficient food-grade cellulose products, expanding its applications in the food industry. Approval and affirmation of safety by regulatory bodies such as the FDA reinforce confidence in the use of food-grade cellulose, boosting its acceptance and utilization in food products.
    WWW.FACTMR.COM
    Fact.MR – Food Grade Cellulose Market Study by Carboxyl Methyl Cellulose and Methyl Cellulose for Bakery & Confectionery, Meat & Poultry, Sauces & Dressings, Beverages, Dairy, and Others from 2024 to 2034
    Fact.MR – The global food grade cellulose market is estimated to be valued at US$ 402.3 million in 2024. Projections indicate a steady expansion with a CAGR of 4.1% through 2034. Anticipated growth is
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  • Mexico Set to Witness Rapid Surge in Demand for Enterprise Asset Management Solutions in Future

    The increasing usage of enterprise asset management for the effective utilization of assets and the growing requirement for reducing the operating costs are the main factors fueling the popularity of enterprise asset management solutions in North America. Enterprise asset management solutions for the optimum asset utilization include maintenance agreement management, asset inventory tracking, tracking of invoice charges and meter readings, analysis of funding and invoice information, and the examination of trends in excess charges and invoice payments.

    With the help of such solutions, the enterprise asset management system creates various dedicated reports that allow the decision-makers to compare the predicted billing and invoice amounts and view each group of assets or asset to identify unusual activities for reducing the incidence of frauds, abuse, and waste. Besides these, enterprise asset management solutions also allow businesses to reduce the operational costs by increasing the return on investment (ROI) from equipment and plant.

    Read More: https://www.psmarketresearch.com/market-analysis/north-america-enterprise-asset-management-market
    Mexico Set to Witness Rapid Surge in Demand for Enterprise Asset Management Solutions in Future The increasing usage of enterprise asset management for the effective utilization of assets and the growing requirement for reducing the operating costs are the main factors fueling the popularity of enterprise asset management solutions in North America. Enterprise asset management solutions for the optimum asset utilization include maintenance agreement management, asset inventory tracking, tracking of invoice charges and meter readings, analysis of funding and invoice information, and the examination of trends in excess charges and invoice payments. With the help of such solutions, the enterprise asset management system creates various dedicated reports that allow the decision-makers to compare the predicted billing and invoice amounts and view each group of assets or asset to identify unusual activities for reducing the incidence of frauds, abuse, and waste. Besides these, enterprise asset management solutions also allow businesses to reduce the operational costs by increasing the return on investment (ROI) from equipment and plant. Read More: https://www.psmarketresearch.com/market-analysis/north-america-enterprise-asset-management-market
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    North America Enterprise Asset Management Market | Industry Report, 2023
    The North American enterprise asset management market was valued at $1,150.0 million in 2017 and is forecasted to record a CAGR of 10.9% during 2018–2023.
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  • North America Led the Digital Transaction Management Market

    The digital transaction management market will propel at a 23.4% CAGR, to reach USD 53,339.4 million, by 2030. The continuous rise in the implementation of cloud-based solutions and the increasing customer inclination toward digital banking solutions are positively impacting the potential of the industry.

    The digital transaction management industry has had a positive impact from the pandemic of COVID-19 because the pandemic has forced businesses and customers to transform their ways of purchasing. There has been a significant surge in the acceptance of mobile wallets because contactless transactions have become ever more important for purchases. To prevent COVID-19 spread, numerous users have experimented with mobile wallets to avoid card and cash transactions.

    Furthermore, the growth of the digital transaction management industry is being propelled by the increased global penetration of online platforms. This trend has been particularly evident during the COVID-19 pandemic, with a surge in the utilization of video streaming services like Netflix and Hotstar. These platforms offer convenient digital payment methods, facilitating the easy payment of subscription fees.

    The progress of technology is also playing an important role in the development of more secure solutions for managing data transactions. One example is the advancement of blockchain technology, which establishes a chronological chain of timestamped data records. This chain links all the records together, and each transaction can be seen as proof of consent provided by the user who initiated the transaction, due to the utilization of digital signatures.

    Based on end users, the BFSI category held the largest digital transaction management market revenue share, in the past few years. This is because BFSI companies are implementing cloud-based digital transaction management solutions to advance and streamline their transaction management processes.

    Moreover, the challenges posed by the evolving regulatory environment, growing competition, and demanding consumers, are mainly encouraging banks and financial establishments to pursue digital transformation, as a result boosting the growth of this category.

    The workflow automation category, based on solution, will observe the fastest growth, progressing at a 30.1% compound annual growth rate, in the years to come.

    In recent years, North America accounted for the largest digital transaction management industry share, and it will propel at a compound annual growth rate of approximately 22.2% in the years to come.

    The growth in the North American industry is because the region is renowned for its early acceptance of advanced digital transaction management solutions. With numerous innovative major industry players existing in North America, the region is acknowledged to have an innovative front with technology development, for instance, contactless transactions and near-field communication.

    It is because of rapid technological advancement, as well as the shifting consumer preference to contactless transactions, the digital transaction management industry will continue to advance in the year to come.

    Read More: https://www.psmarketresearch.com/market-analysis/digital-transaction-management-dtm-market
    North America Led the Digital Transaction Management Market The digital transaction management market will propel at a 23.4% CAGR, to reach USD 53,339.4 million, by 2030. The continuous rise in the implementation of cloud-based solutions and the increasing customer inclination toward digital banking solutions are positively impacting the potential of the industry. The digital transaction management industry has had a positive impact from the pandemic of COVID-19 because the pandemic has forced businesses and customers to transform their ways of purchasing. There has been a significant surge in the acceptance of mobile wallets because contactless transactions have become ever more important for purchases. To prevent COVID-19 spread, numerous users have experimented with mobile wallets to avoid card and cash transactions. Furthermore, the growth of the digital transaction management industry is being propelled by the increased global penetration of online platforms. This trend has been particularly evident during the COVID-19 pandemic, with a surge in the utilization of video streaming services like Netflix and Hotstar. These platforms offer convenient digital payment methods, facilitating the easy payment of subscription fees. The progress of technology is also playing an important role in the development of more secure solutions for managing data transactions. One example is the advancement of blockchain technology, which establishes a chronological chain of timestamped data records. This chain links all the records together, and each transaction can be seen as proof of consent provided by the user who initiated the transaction, due to the utilization of digital signatures. Based on end users, the BFSI category held the largest digital transaction management market revenue share, in the past few years. This is because BFSI companies are implementing cloud-based digital transaction management solutions to advance and streamline their transaction management processes. Moreover, the challenges posed by the evolving regulatory environment, growing competition, and demanding consumers, are mainly encouraging banks and financial establishments to pursue digital transformation, as a result boosting the growth of this category. The workflow automation category, based on solution, will observe the fastest growth, progressing at a 30.1% compound annual growth rate, in the years to come. In recent years, North America accounted for the largest digital transaction management industry share, and it will propel at a compound annual growth rate of approximately 22.2% in the years to come. The growth in the North American industry is because the region is renowned for its early acceptance of advanced digital transaction management solutions. With numerous innovative major industry players existing in North America, the region is acknowledged to have an innovative front with technology development, for instance, contactless transactions and near-field communication. It is because of rapid technological advancement, as well as the shifting consumer preference to contactless transactions, the digital transaction management industry will continue to advance in the year to come. Read More: https://www.psmarketresearch.com/market-analysis/digital-transaction-management-dtm-market
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    Digital Transaction Management Market Data Outlook, 2022-2030
    The global digital transaction management market size was around $8,051.2 million in 2021, which is projected to advance at a CAGR of 23.4% during 2021–2030.
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