The global LED lighting market revenue stood at $55,201.9 million in 2020, and it will surge to $152,442.3 million by 2030, exhibiting a CAGR of 10.7% from 2020 to 2030 (forecast period), as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the surging use of energy-efficient lighting solutions, falling costs of LED lights, and… Continue

In this era of intense competition in just about any industry, it is important for a company to offer a satisfactory experience to their customers or enhance it as much as possible, in order to achieve brand loyalty. One of the ways it is being done in contemporary times is via gamification, which involves turning daily and mundane activities into a game, so people will enjoy them and engage more with a company. These days, the technique is being used to engage users in loyalty programs,… Continue

Retail outlets and hypermarkets/supermarkets are installing mobile point-of-sale (mPOS) terminals to offer a better customer experience, as these devices help in reducing customers' time by dipping the length of check-out queues. The utilization of mPOS solutions enables customers to finish their purchase from the main product area in a shop in a short duration, by paying for the items digitally. Such devices offer higher customer satisfaction, which further building loyalty and trust among the… Continue

The global extended reality (XR) market revenue stood at $18.6 billion in 2019 and it is expected to rise to $1,005.9 billion by 2030. Furthermore, the market will progress at a CAGR of 48.3% from 2020 to 2030, as per the estimates of the market research company, P&S Intelligence. The market is being driven by the soaring usage of smartphones, 5G, connected devices, and augmented reality (AR)/virtual reality (VR) solutions, increasing popularity of gesture-based computing, and the… Continue

Owing to the increasing penetration of the internet, mushrooming use of smartphones, and growing enactment of the bring-your-own-device (BYOD) policy at workplaces in several countries, the global enterprise mobility management (EMM) market is expanding rapidly. According to the forecast of the market research company, P&S Intelligence, the value of the market… Continue

Factors such as the surge in need for strong network connectivity and the rapid adoption of advanced technologies by enterprises will help the telecom consulting market advance at a robust CAGR of 11.8% during 2021–2030. According to P&S Intelligence, the industry was valued at $5,307.2 million in 2021, and it will generate $14,519.6 million revenue by 2030. In recent years, the rapid digital transformation of business entities has become a major market trend, as digitization has… Continue

In 2021, the e-signature market stood at $1,527.7 million, and it is predicted to grow at a rate of 26.6% from 2021 to 2030, and by 2030, it would hit $12,721.5 million, attributed to the rising security concerns about enterprises, increased adoption of the innovative technologies and rising government support in emerging economies such as China, Brazil, and India. The market has a worldwide abundance of clients due to the presence of several providers, resulting in intense competition, medium… Continue

The major 5G satellite communication market growth drivers are the increasing requirement for high-speed and low-latency connectivity and the swift adoption of technologically advanced devices. In 2021, the sale of such solutions generated $2,548.2 million, and this value is predicted to reach $33,896.7 million by 2030. In addition, the market will advance at a 33.3% CAGR from 2021 to 2030. A pivotal role is played by 5G networks in supporting policymakers and governments in transforming cities… Continue

With the growing requirement for better customer engagement, the incorporation of artificial intelligence (AI) is surging in the banking, financial services, and insurance (BFSI) sector. Moreover, companies operating in this industry are increasingly adopting AI-powered chatbots for improving efficiency, increasing client satisfaction, and maintaining customer loyalty. For example, Erica, which is an AI-powered chatbot tool, was developed by the Bank of America recently. It provides financial… Continue

The interests, needs, and preferences of an individual change with time. Smart home devices are increasingly spreading throughout society. Appliances and gadgets may now replicate regular activities as a result of developments in the AI and IoT ecosystems. Additionally, as people are spending more time indoors than ever, customers must now prioritize the desire for convenience, comfort, and security via integrated technological solutions. They choose modern household gadgets and equipment that… Continue