The global Internet of Things (IoT) Security Product market is expected to develop at a 14.9% CAGR from 2017 to 2027, from USD 12 billion in 2017. Increased acceptance of digital technologies such as web-based services, online education, and online banking has boosted smartphone usage among individuals, necessitating the security of such technology against cyber-attacks. Various governments …
Category Archives: Technology Trends
Empowering IoT Ecosystems: Embedded Security Market Surges to US$ 11.1 Billion by 2027
The global embedded security for Internet of things held US$ 2,525 Million in 2016 and is projected to secure almost US$ 11,125 Million by the end of 2027. The market is anticipated to exhibit high double-digit CAGR throughout the forecast period (2017-2027), in terms of revenues. The market in APEJ (Asia Pacific excluding Japan) is anticipated to …
Desktop as a Service (DaaS) Market: Poised for Stratospheric Growth, Aims for US$ 34,908.8 Million by 2033
The Desktop as a Service (DaaS) Market is expected to increase from US$ 6,484.3 million in 2023 to US$ 34,908.8 million by 2033. The market is expected to progress at a CAGR of 18.3% from 2023 to 2033. For businesses of all sizes, managing a considerable number of desktop and laptop workstations with locally installed software is a headache. Additionally, time …
Cyber Security in Robotics Market: Poised for Exponential Expansion with Projected Value Surging to US$ 11.6 Billion by 2033
The Cyber security in robotics market is poised for substantial growth, with a consistent Compound Annual Growth Rate (CAGR) of 11.7% expected during the forecasted period. In 2023, the market is projected to generate revenues of approximately US$ 3.8 billion, and this figure is anticipated to surge to US$ 11.6 billion by 2033. The market research report highlights that the increasing …
Contract Lifecycle Management Market Forecasted to Surge at 12.2% CAGR, Reaching US$ 3,771.7 Million by 2033
The global contract lifecycle management market is expected to reach US$ 3,771.7 million by 2033, up from US$ 1,189.4 million in 2023. The market is expected to grow at a CAGR of 12.2% between 2023 and 2033. Demand for contract lifecycle management systems will also be driven by the adoption of cutting-edge technologies such as IoT, AI, and machine learning. Contract …
Motion Control Software in Robotics Market: Witnessing a Remarkable 19.6% CAGR Surge, Eyes $37.86 Billion by 2029
The motion control software in robotics market has witnessed remarkable growth in recent years, with its estimated value reaching approximately US$ 10.81 Billion in 2022. This dynamic sector is poised for more substantial expansion, as projections indicate an impressive CAGR of 19.6% between 2022 and 2029. If these trends continue, the market is expected to surpass a remarkable valuation …
Level Sensor Market Surges Towards US$ 8.6 Billion by 2033, Showcasing Robust 7% CAGR
The level sensor market is poised for significant growth in the coming decade, with projections indicating a substantial increase in its value. In 2023, the level sensor market is expected to reach US$ 4.3 billion, and this figure is forecasted to double, reaching US$ 8.6 billion by the year 2033 This impressive growth trajectory can be attributed to various …
GaN Micro-LED Market: Shining a Light on Future Growth with Projected 46.3% CAGR by 2029
The global GaN Micro-LED market size is expected to grow from US$ 514.4 Million in 2022 to US$ 7,383.0 Million by 2029. The GaN Micro-LED market is anticipated to grow at a CAGR of 46.3% during 2022-29. The GaN Micro-LED demand accounted for almost 5% of the market share of the global micro-LED market. The GaN Micro-LED market …
Hosting Infrastructure Services Market Soars: Predicted CAGR of 8.5% Leading to US$ 36.1 Billion by 2033
The global hosting infrastructure services market is estimated to be valued at US$ 16 billion in 2023 and to grow at an 8.5% CAGR to reach US$ 36.1 billion by the end of 2033. At the moment, hosting infrastructure services account for 12% of the worldwide cloud services market. Hosting services are projected to gain traction as the …
3D Motion Capture Market Anticipated to Scale New Heights, Envisioned to Hit US$ 1,165.1 Million by 2033 with an 11.9% CAGR
In 2023, the 3D motion capture market is estimated to be generated US$ 377.3 million. By 2033, the 3D motion capture market is anticipated to reach US$ 1,165.1 million, expanding at a CAGR of 11.9% from 2023 to 2033. The growing demand for real-time data with high temporal accuracy for motion capture to spur significant market expansion. …