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The global alfalfa market was valued at USD 22.69 billion in 2023 and is expected to reach USD 36.3 billion by 2030, expanding at a CAGR of 6.0% from 2024 to 2030. This growth is largely driven by increasing demand for high-quality forage to support livestock nutrition. Alfalfa, rich in protein, vitamins, and minerals, is a preferred feed for animals such as dairy cows, cattle, and horses due to its nutritional benefits.

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The global air traffic management market was valued at USD 8.64 billion in 2023 and is expected to grow to USD 15.42 billion by 2030, with a compound annual growth rate (CAGR) of 8.6% from 2024 through 2030. This expansion is primarily driven by the adoption of cutting-edge technologies such as Artificial Intelligence (AI) and Machine Learning (ML) within air traffic management systems, aimed at enhancing efficiency and safety.

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Global AI Code Tools Market Overview

The global AI code tools market was valued at USD 4.86 billion in 2023 and is anticipated to grow to USD 26.03 billion by 2030, representing a compound annual growth rate (CAGR) of 27.1% between 2024 and 2030. This growth is driven primarily by the increasing complexity of software applications.

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The global 5G Internet of Things (IoT) market was valued at USD 7.72 billion in 2024 and is expected to grow significantly to USD 89.42 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 50.3% from 2025 to 2030. This robust growth is primarily fueled by the core advantages of 5G technology, which include enhanced speed, reduced latency, and high-performance capabilities in essential operations like communication and data transmission.

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