The global smart bed market size is expected to be valued at USD 3.42 Billion in 2023. With the rise in the purchase of luxury and comfortable products, due to increasing disposable income, coupled with the rising awareness about the benefits of smart beds, the overall demand for smart beds is projected to grow at a …
Category Archives: Service & Utilities
Global Consumer Packaging Market to Reach US$ 655 Billion in 2024, Projected to Surge to US$ 950 Billion by 2034
Consumer Packaging Market The global consumer packaging market is set to experience substantial growth, with sales projected to reach US$ 655 billion in 2024. Future Market Insights (FMI) estimates that the market will expand at a compound annual growth rate (CAGR) of 3.8% over the forecast period, reaching a staggering US$ 950 billion by 2034. …
Smart Card IC Market Forecasted to Reach USD 6.5 Billion by 2034 with 6.8% CAGR | FMI
The smart card IC market will be worth USD 3.3 billion in 2024. The market’s growth is expected to accelerate significantly between 2024 and 2034, with a CAGR of 6.8% compared to 9.0% in 2023. By 2034, the market value is expected to reach USD 6.5 billion. Smart card integrated circuits are in high demand …
Satellite Launch Vehicle Market to Hit USD 76.8 Billion by 2034, Driven by 13.9% CAGR | FMI
In 2024, the market for satellite launch vehicles is projected to be worth USD 20.9 billion. From 2024 to 2034, the market is anticipated to grow at a 13.9% CAGR. The market value is expected to reach USD 76.8 billion by 2034. The growing need for satellite applications—which are now utilized for a variety of …
Multi-Cloud Networking Market Set to Skyrocket: Projected Growth to US$ 32.4 Billion by 2034
By 2034, the multi-cloud networking industry is expected to have grown from its 2024 valuation of US$4.2 billion to US$32.4 billion. Over the course of the projected period, the market is anticipated to grow at a CAGR of 22.8%. Globally, multi-cloud networking solutions are becoming more and more popular. This may be explained by a …
AI in Video Surveillance Transforms Security with Advanced Analytics, Real-Time Threat Detection, and Scalability
According to projections, the market for AI in video surveillance would be worth USD 5.7 billion in 2024 and USD 47.0 billion in 2034. Over the course of the forecast period, the worldwide AI in video surveillance market is anticipated to expand at a compound annual growth rate (CAGR) of 23.6%. Integrating the Internet of …
Surging Automation and IoT Proliferation Across Industries to Augment Swarm Computing Market; FMI Analysts Predict Market Valuation to Surpass USD 713,213.4 million by 2033
In 2023, the size of the worldwide swarm computing market is expected to surpass a worth of USD 29,211.9 million. By 2033, it is expected to be valued at USD 713,213.4 million USD. From 2023 to 2033, the industry is predicted to grow at an incredible CAGR of 37.6%. System resilience and fault tolerance are …
Global LoRa and LoRaWAN IoT Market to total US$ USD 119.5 billion by 2034, flourishing at a whopping 35.6% CAGR- FMI Study
By 2024, the LoRa and LoRaWAN IoT market is expected to be worth US$5.7 billion, and by 2034, it will be worth US$119.5 billion. The LoRa and LoRaWAN IoT market is anticipated to grow at a compound annual growth rate (CAGR) of 35.6% during the forecast period. One significant factor is the growing use of …
Robust Growth Projected in Commercial Insurance Market: Valued at USD 865 Million in 2023 and Expected to Reach USD 2,094.70 Million by 2034 with a CAGR of 8.40%.
It is anticipated that the value of the worldwide commercial insurance market would increase from USD 935 million in 2024 to USD 2,094.70 million in 2034. Over the following ten years, the commercial insurance market is anticipated to rise at a promising CAGR of 8.40%, which will propel this forecasted growth. Businesses are choosing insurance …
Contact Center Analytics Market Soars to US$ 1.2 Billion in 2021; BFSI to Drive 16.2% CAGR Growth through 2032
According to Future Market Insights’ most recent estimate, the global contact center analytics market will generate USD 1.2 billion in sales by 2021. The market is expected to grow by 16.2% between 2022 and 2032, which is slightly higher than previous growth rates. BFSI is anticipated to be the highest revenue-generating industry, with a compound annual …