Based on data from the market research firm FMI, the Wi-Fi chipset market is expected to reach US$ 20.5 billion by 2023 and US$ 32.6 billion by 2033 at a CAGR of 4.8%. Public Wi-Fi hotspots and enterprise and business use of Wi-Fi have been increasing as the Internet of Things (IoT) has gained popularity. …
Category Archives: Technology Trends
Empowering Retail Transformation: The Surging Demand for Wireless POS Terminals in the Age of Contactless Transactions. FMI Forecasts the Market to Exceed US$ 13.3 billion by 2033
The wireless POS terminal market is poised for remarkable expansion in the forthcoming years, showcasing a promising growth trajectory. Projections indicate that by 2023, the market is anticipated to achieve a noteworthy value of US$ 7.1 billion, demonstrating its strong growth potential. This positive momentum is expected to persist as the market steadily progresses at …
Wire-to-Board Connector Market Surges, Projected to Reach US$ 9.0 Billion by 2032 – Industry Growth at 4.1% CAGR
A significant milestone for the electronics industry, the global wire-to-board connection market had remarkable development and was valued at US$ 4.7 billion in 2022. Between 2017 and 2021, the market for wire-to-board connections grew at a compound yearly growth rate of 4.1%. According to forecasts, this industry is expected to develop dramatically, reaching an incredible …
Video Surveillance Market is Poised to Reach US$ 182.6 Billion by 2033 Amidst Increased Privacy and Security Challenges | Report by Future Market Insights, Inc.
The global video surveillance market is poised for extraordinary expansion in the upcoming years. Analysts predict that by 2023, it will reach a value of US$ 64 billion, with a consistent annual growth rate of 11.1%. This remarkable progress is driven by the widespread adoption of video surveillance across various industries, leading to a substantial valuation of US$ 182.6 billion by …
Utility Locator Market Poised for Robust Growth, Projected to Reach US$ 820 Million by 2023
According to market research, the utility locate market is expected to develop at a compound annual growth rate (CAGR) of 4.7%, reaching US$ 820 million by 2023 and US$ 1.3 billion by 2033. Finding subterranean services such as water pipelines, electrical cables, gas lines, and telephone lines requires the use of locators. Gaining further insight …
Telecom Power Systems Market Skyrockets to US$ 12.03 Billion by 2032 with 10.26% CAGR
The telecom power systems market is anticipated to have a robust CAGR of 10.26% and is expected to grow from its present valuation of US$ 4.53 billion in 2022 to US$ 12.03 billion by 2032. Although a strong market expansion is anticipated, the high initial and installation costs, as well as the building and upkeep of telecom towers and the devices or …
Portable Monitor Market Envisions US$ 2,479.6 Million by 2033, 25% CAGR
The portable monitor market is poised for remarkable growth and is projected to achieve a robust CAGR of 25% throughout the forecast period. Anticipated to soar to an impressive valuation of US$ 2,479.6 Million by 2033, the market is experiencing a surge in demand. This surge can be attributed to the increasing trend of remote work and the growing need for …
Continue reading “Portable Monitor Market Envisions US$ 2,479.6 Million by 2033, 25% CAGR”
Sound Reinforcement Market Envisions US$ 8.5 Billion by 2032, Forecasting 3.2% CAGR
The sound reinforcement market is anticipated to grow at a CAGR of 3.2% between 2022 and 2032, rising from US$ 7.3 billion in 2022 to US$ 8.5 Billion in 2032. This Sound Reinforcement market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on …
Optical Transport Network Market Poised to Reach US$ 51.4 Billion by 2032, 9.9% CAGR Thrives
With a projected CAGR of 9.9% from 2022 to 2032, the optical transport network market is expected to grow to a value of US$ 20 billion in 2022 and likely reach US$ 51.4 Billion by that time. The functionality of transport and the survivability of optical channels are likely to increase demand for optical transport networks during the forecast period from …
Navigation Switches Market Set to Hit US$ 1250 Million by 2032 with 8.4% CAGR
The navigation switches market is anticipated to grow from US$ 560 million in 2022 to US$ 1250 Million by 2032, with a forecasted CAGR of 8.4%. Several factors are expected to contribute to the growth of the global market for navigation switches. One of the major drivers of market expansion for the navigation switch is the increase in demand for …
Continue reading “Navigation Switches Market Set to Hit US$ 1250 Million by 2032 with 8.4% CAGR”