From a valuation of $9.1 billion in 2018, the global position sensor market is
predicted to reach a value of $14.2 billion by 2024. Furthermore, the market is predicted to advance at a CAGR of 7.7% between 2019 and 2024. The key factors driving the advancement of the market are the increasing requirement for position sensors in the automobile and aerospace industries and the rising demand for…
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Added by Anany joshi on July 12, 2023 at 3:23am —
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The silicon photonics market generated a value of
USD 1,212.5 million in 2022, and it will advance at a 27.5% compound annual growth rate, to touch USD 8,475.1 million, by 2030.
The growth of the silicon photonics industry is primarily attributed to the increasing requirement for high-performance computing and data centers along with the subsequent requirement for high-speed…
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Added by Anany joshi on July 10, 2023 at 3:56am —
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The global spintronics market attained a revenue of $362.7 million in 2019 and is predicted to exhibit a CAGR of 34.8% between 2020 and 2030.
According to the estimates of P&S Intelligence, a market research firm based in India, the market will reach a valuation of $12,845.6 million by 2030. The rising requirement for magnetoresistive random-access memory (MRAM) and the ballooning deployment of…
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Added by Anany joshi on June 30, 2023 at 6:28am —
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With an increase in their disposable income, people are purchasing smartphones in large numbers. Such consumer electronics offer multiple internet-enabled features, such as email access, location-based services, weather updates, and shopping capabilities. Moreover, people are using their smartphones for ordering food, streaming music and videos online, social networking, and many other purposes. For enabling these services, it is important that the mobile device enjoys smooth connectivity to…
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Added by Anany joshi on June 29, 2023 at 5:13am —
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Factors such as the burgeoning demand for connected cars, surging adoption of innovative technologies for advanced user interface, and rising research and development (R&D) activities in autonomous driving technology are expected to drive the automotive software market at a healthy
CAGR, of 12.4%, during the forecast period (2020–2030). Additionally, the increasing demand for advanced…
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Added by Anany joshi on June 28, 2023 at 6:49am —
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Using computer-based software to support in design and developing processes is known as
computer-aided design (CAD). Various kinds of designers and engineers regularly utilize such software. 2-D drawings and 3-D models may both be produced using this software.
CAD is used to improve design quality and amount of detail, increase productivity, optimize and simplify the designer's…
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Added by Anany joshi on June 27, 2023 at 3:42am —
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The pressure transmitter market was worth around $2,904.0 million in 2021, which is
predicted to hit $4,168.7 million by 2030, advancing at a 4.1% CAGR between 2021 and 2030. The main factor driving the growth of the market is the rising need for wireless pressure transmitters. By reducing wiring runs, such devices usually provide lower installation costs and simpler installation in remote…
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Added by Anany joshi on June 23, 2023 at 3:03am —
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The dedicated outdoor air system market will reach
USD 7,447 million by 2030, powering at a rate of 8.60% in the years to come.
This is because of the growing acceptance of these systems in commercial and residential applications, the increasing regulations of the government for HVAC equipment, and the increasing attention to perfect indoor air and ecological…
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Added by Anany joshi on June 20, 2023 at 3:33am —
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The integrated cloud management platform market has garnered USD 2,502.2 million in 2021, and it is
projected to rise at the rate of 15.1% from 2022 to 2030, to capture USD 8,854.9 million by 2030, as per the report by market research company, P&S Intelligence.
This growth can be credited to the fast acceptance of hybrid and multi-cloud approaches.…
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Added by Anany joshi on June 16, 2023 at 4:20am —
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The mushrooming deployment of electric vehicles is fueling the
demand for electric motors, which is, in turn, will cause the expansion of the Asia-Pacific (APAC) electric motor market from $50,948.1 million in 2017 to $77,876.8 million by 2023, at a 6.9% CAGR during the forecast period (“018–2023). According to many reports, the manufacturing of electric cars in the APAC region…
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Added by Anany joshi on June 15, 2023 at 2:55am —
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The global district heating market is projected to be worth USD 262.0 billion by 2030, growing at a
CAGR of 5.6%, according to P&S Intelligence.
The key trend observed in the industry is the utilization of renewable sources of warmness, including heat pumps, bioenergy, geothermal and solar–thermal, and even unused heat from data centers and industries. Currently, the heat…
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Added by Anany joshi on June 14, 2023 at 5:30am —
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In recent years, the adoption of cloud by government agencies across the world has increased massively and this trend is predicted to continue in the coming years as well owing to the rising internet penetration, rapid digitization of business operations, and mushrooming popularity of cloud computing. The adoption of cloud is helping government agencies reduce capital expenditure (CAPEX) and the total cost of ownership (TCO), without undercutting important public services. In addition, the…
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Added by Anany joshi on June 12, 2023 at 5:34am —
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A number of factors, such as the rising shift of enterprises from homogeneous model to hybrid network model, increasing adoption of advanced technologies, such as cloud computing and internet of things, accelerating adoption rate of industrial automation solutions, and surging awareness among businesses regarding cyberattacks, are
projected to fuel the security policy management…
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Added by Anany joshi on June 9, 2023 at 5:22am —
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The major drivers in the global healthcare cognitive computing market are the rising burden of chronic illnesses, integration of third computing platforms, and growing usage of NLP. This can be primarily because NLP effectively translates human language into machine language, which in turn, will assist in offering enhanced patient care over other technologies. This market will grow significantly in the coming years, providing lucrative opportunities to the market players to adapt to the current…
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Added by Anany joshi on June 7, 2023 at 3:52am —
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The global
wireless charging market revenue stood at $4 billion in 2020, and it will rise significantly between 2021 and 2030 (forecast period), as per the estimates of P&S Intelligence, a market research company based in India. The major factors driving the expansion of the market are the burgeoning requirement for wireless charging in headphones, smartwatches, smartphones, and various…
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Added by Anany joshi on June 5, 2023 at 3:34am —
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A video surveillance system manages multiple video systems to gather, organize, and present video understandably and straightforwardly. Therefore, the global video surveillance as a service market is expected to hit
$13,584.3 million by 2030.
A move toward more in-band analytics has occurred with the introduction of intelligent cameras and their many auxiliary…
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Added by Anany joshi on May 31, 2023 at 6:47am —
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The air compressor market was valued $30,366.3 million in 2021, and it is set to reach $45,888.0 million by 2030, growing at a
CAGR of 4.7% between 2021 and 2030, according to a research report by P&S Intelligence.
The growth of this industry can be ascribed to the increasing demand for eco-friendly air compressors all over the world, technological enhancements, presence of…
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Added by Anany joshi on May 29, 2023 at 5:57am —
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The MVNO market had a revenue of USD 73.6 billion in 2022, which will power at a rate of 8.7%, and reach
USD 155.2 million by 2031.
This is credited to the increase in the use of mobile devices and requirement for low-cost mobile services; fast growth in the necessity for triple play services in emerging countries; and a surge in the count for high-speed internet…
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Added by Anany joshi on May 26, 2023 at 6:30am —
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As per a statement by P&S Intelligence, the servo motors and drives market was
USD 12,100 million in 2022, and it will propel at a 5.4% compound annual growth rate, to generate USD 18,383 million, by 2030.
The advance in the industry is mainly attributed to the increase in the requirement for energy-efficient systems, technological advancement, and the implementation of…
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Added by Anany joshi on May 24, 2023 at 3:38am —
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Doctors didn't require
healthcare management solutions as much before the introduction of fast-expanding medical technologies. However, due to the near-constant advancement of medical technology (such as changes in healthcare data systems) and the frequent changes in healthcare legislation and regulations, hospitals and other medical institutions require expertise in these fields to…
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Added by Anany joshi on May 17, 2023 at 3:55am —
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