Category Archives: Press Release

In terms of value, the global smart elevator automation system market is expected to grow at a CAGR of 9.2% over the forecast period. The global smart elevator automation system market was valued at US$ 8,487.6 Mn in 2016 and is expected to grow significantly to US$ 36,417.8 Mn by 2026 due to increased development of new …

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The worldwide smart agricultural solution market will develop at a CAGR of 10.3 percent over the projected period, according to a study by Future Market Insights (FMI). By the end of 2031, global sales of smart agriculture solution market are expected to exceed US$ 13.2 billion. Market expansion will be fueled by the implementation of sophisticated technologies such as …

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Smart camera sales are expected to grow at a 25.8% CAGR during the forecast period. The smart camera market is expected to be worth US$ 151,187.6 million by 2032, up from US$ 15,247.6 million in 2022. Increased acceptance of smart cameras in businesses, a greater emphasis on wellbeing and security, and various other factors are …

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The global set-top box market is expected to reach a market valuation of US$ 33.4 Billion by the year 2022, accelerating with a moderate CAGR of 5.6% by 2022-2032. Set-top box market size is anticipated to be valued at about US$ 57.7 Billion by 2032 end. The expansion of the set-top box market is anticipated to be …

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The market for service lifecycle management applications is creating value through the use of third platform technologies, which are driving innovation and real-time connectivity between different service lifecycle management application solutions. The introduction of cloud technology has increased access to service component visibility. Furthermore, mobile technology has enabled technicians on the field to communicate information derived from …

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The secure web gateway market is expected to expand at a CAGR of 21% through the forecast period (2019-2029) across the globe while Latin America is anticipated to overtake North America after recording a CAGR of 24%. On the basis of end-user segment, the fast growth of SaaS (Software-as-a-service) application is motivating cloud-integrated web gateway. “Small and …

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According to Future Market Insights (FMI), the global residential robotic vacuum cleaner market is anticipated to grow from US$ 2.5 Bn in 2022 to US$ 9.7 Bn by 2032, with overall sales accelerating at 14.5% CAGR throughout the forecast period (2022-2032). Growing demand for smart homes coupled with rising implementation of connected devices is primarily driving the growth of residential robotic vacuum cleaner …

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Implementation of radar and LiDAR systems is picking up pace in the railway infrastructure. The rising demand for technologies to control train traffic, track train routs, avoid rail collisions, and detect on-track pedestrian will aid the expansion of the radar and LiDAR technology in railway applications market. It is expected to reach a valuation of US$ …

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