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…
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Added by Anany joshi on August 16, 2022 at 6:41am —
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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…
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Added by Anany joshi on August 10, 2022 at 4:03am —
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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…
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Added by Anany joshi on August 9, 2022 at 3:41am —
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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…
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Added by Anany joshi on August 4, 2022 at 5:42am —
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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…
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Added by Anany joshi on August 2, 2022 at 4:02am —
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The Asia-Pacific (APAC) region is witnessing a surge in the installation of internet of things (IoT)-enabled emergency lights, as the technology makes it easy for private and public organizations to preserve more energy via smart lighting systems. IoT allows lighting solutions to adapt to environmental conditions, such as rain and fog, thereby, ensuring adequate illumination according to the requirement and maximizing energy consumption. Furthermore, the integration of IoT helps in testing and…
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Added by Anany joshi on July 29, 2022 at 5:18am —
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With the booming population, which is witnessing an increase in its purchasing power, the sale of automobiles is rising rapidly. Between 2015 and 2018, the number of vehicles in operation around the world rose sharply to 1.57 billion from 1.28 billion. Along with just the number of vehicles, even their quality is rising, as automakers are competing for a larger share in the market. As a result, people are using their automobiles for longer than before, which is leading to brisk business for…
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Added by Anany joshi on July 28, 2022 at 4:31am —
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With the rapid rise in the popularity of e-commerce, the demand for virtual fitting rooms is growing rapidly across the world. As per the findings of the trade and development body of the United Nations, the United Nations Conference on Trade and Development (UNCTAD), a revenue of $25.6 trillion was generated by total online sales across the world in 2018. Moreover, the revenue generated by online sales grew by nearly 8% from 2017 to 2018.
Furthermore, as per the UNCTAD, the total…
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Added by Anany joshi on July 27, 2022 at 6:22am —
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In recent times, 3D printing has emerged as a popular manufacturing technology as it quickens up the process, allows for the creation of complex parts, enables mass customization, saves material, and checks wastage. Every industry imaginable, including aerospace & defense, jewelry, healthcare, automotive, architecture & construction, industrial manufacturing, energy, education, consumer products, food & culinary and printed electronics, is using 3D printing in some capacity. Hence,…
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Added by Anany joshi on July 26, 2022 at 3:13am —
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Client/server architecture is the standard foundation for desktop virtualization, in which the organization's preferred operating system and applications operate on a server housed either in a data center or in the cloud. This architecture is reminiscent of the so-called "dumb" terminals that were common on mainframes and early Unix systems, where all user interactions take place on a local device of the user's choosing.…
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Added by Anany joshi on July 15, 2022 at 3:27am —
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In 2021, the size of the building automation system market was $77.1 billion, and it will reach
$207.5 billion by 2030, propelling at a growth rate of about 12% during 2021–2030. The increasing need for energy-efficient infra, lower cost of operations and upkeep, improved quality of indoor air, and managed home automation services and the progressions in sensors, communication…
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Added by Anany joshi on July 14, 2022 at 4:51am —
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As the world is currently going through energy crisis, the focus on energy efficiency has risen considerably. Governments of various countries have implemented stringent regulations and policies regarding the same. Ascribed to this, the demand for energy efficient lighting solutions has risen all across the globe. Such solutions further aid in reducing costs in a number of sectors, owing to which, their adoption rate is projected to rise in the years to come.
Owing to these factors,…
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Added by Anany joshi on July 13, 2022 at 6:01am —
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In 2021, the industrial starches market stood at $97,623.6 million, and it is projected to reach $169,971.8 million by 2030, advancing at a
CAGR of 6.4% from 2021 to 2030. The food industry majorly uses industrial starches in the form of additives, owing to their gelling, film-forming, thickening, and stabilizing characteristics. Moreover, because of the stringent regulations of government…
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Added by Anany joshi on July 6, 2022 at 5:54am —
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Cannabidiol, one of the 113 identified cannabinoids in the cannabis plant, is a phytocannabinoid discovered in 1940. It is extracted from the marijuana plant as either a powder or oil and mixed into creams or gels. The demand for CBD oil is surging due to the legal approval that has been given to it for medical, recreational, and research purposes. According to clinical research on CBD in 2019, it may be used for anxiety, movement disorders, and pain.
The legalization of…
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Added by Anany joshi on July 5, 2022 at 6:55am —
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Product development and technological innovations, requirement for ash-less and smokeless vaping, and focus on health awareness will drive the U.K. e-cigarette market during the forecast period (2019–2024) at a CAGR of 19.6%. At this rate, the market will increase its size from $2.0 billion in 2018 to $6.4 billion by 2024. Currently, the market is observing the trends of the introduction of several flavors and fragrances, investment on research and development (R&D) of vaping technologies,…
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Added by Anany joshi on July 4, 2022 at 5:22am —
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In 2021, the global Saudi Arabia fragrance market stood at $2,049.7 million, and it is projected to touch $3,500.9 million by 2030. The market is predicted to advance at a 6.1% CAGR from 2021 to 2030 owing to the increasing prominence of grooming and personal hygiene and the surging count of gym users. The most prominent market in the Middle East for
fragrance and cosmetic…
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Added by Anany joshi on June 29, 2022 at 6:01am —
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Factors such as the increasing concerns about food nutrition, security, and sustainability and mounting investments in plant-based protein sources will drive the meat substitutes market growth during the forecast period (2021–2023). According to P&S Intelligence, the market generated ~$2 billion in revenue in 2020. At present, the surging consumer preference for vegan diets has become a prominent market trend, owing to the growing public awareness of healthy eating habits, hygienic food,…
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Added by Anany joshi on June 28, 2022 at 3:45am —
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The worldwide outdoor lighting market was valued at $10,352.1 million in 2020, which is projected to reach $20,269.7 million at a CAGR of 7.0% during 2020−2030. The rising requirements for energy-efficient lighting, advancing initiatives of government toward the conservation of energy, and growing development of infrastructure are the key drivers for the growth. In addition, China is a major manufacturer of lighting devices and raw material and component exporter. Lighting has become a vital…
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Added by Anany joshi on June 24, 2022 at 2:55am —
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In 2021, the New Zealand ventilation products market was valued at $113.8 million and is projected to touch $183.2 million in 2030. The market is predicted to grow at a 5.4% CAGR from 2021 to 2030 owing to the growing count of commercial and residential projects, rising inclination toward decentralized ventilation, increasing awareness about the environment and health. By removing odor, these products develop a sustainable atmosphere. Furthermore, as inhalation of harmful pollutants and…
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Added by Anany joshi on June 23, 2022 at 6:40am —
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The size of the human growth hormone market was $4,399.4 million in the year 2021, and likely to
advance at a 14.2% CAGR from 2021 to 2030 and reach $14,498.3 million. The peptide hormone is produced by the pituitary gland, which stimulates growth in both children and adolescents. Precise cellular differentiation helps in the development of skeletal system. The protein metabolism,…
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Added by Anany joshi on June 21, 2022 at 2:17am —
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