The computer aided facility management (CAFM) market garnered an approximate value of US$ 987.5 million. Projections indicate a robust CAGR of 7.1% propelling the CAFM market to ascend, ultimately reaching a substantial valuation of US$ 2,081.4 Million by 2032. Comprising nearly 5% of the facility management market, the computer aided facility management (CAFM) domain stands as a dynamic player in its …
Category Archives: Technology Trends
Digital Therapeutics and Wellness Market Emerges as a US$ 30.5 Billion Giant, Predicts 14.6% CAGR
The global digital therapeutics and wellness market is projected to reach a whopping US$ 30,553.8 million, growing at an annual rate of 14.6% between the years 2023 and 2033. This means that there’s a significant and steady rise expected in the use of digital solutions for improving health and well-being over the next decade, creating substantial opportunities for businesses and …
Digital Map Market: A Journey Towards a Projected Revenue of US$ 73.1 Billion by 2033
The digital map market is expected to grow significantly and reach a market value of around US$ 73.1 billion by the year 2033. This growth is anticipated to be steady, with an average annual increase of about 14.8% from 2023 to 2033. The use of maps and location-based data in various industries is on the rise. This is making GIS (Geographic …
Business Process Automation (BPA) Market Propels Towards US$ 41.8 Billion Surge by 2033 with 11.8% CAGR Projection
The revenue of the business process automation (BPA) industry is expected to increase by US$ 13.7 billion by 2023. The business process automation (BPA) market is estimated to reach US$ 41.8 billion by 2033, increasing at an 11.8% CAGR from 2023 to 2033. Managing business workflows and optimizing business processes are two key topics in business process automation. This involves better …
Cloud Telephony Services Market Soars: Projected Growth at 9.7% CAGR, Aiming for US$ 57.6 Billion by 2033
The cloud telephony services market is anticipated to expand its roots at a steady CAGR of 9.7% between 2023 and 2033. The market is expected to have a market share of US$ 57.6 billion by 2033, while it is likely to be valued at US$ 22.8 billion in 2023 Expanding businesses are pushing the adoption of futuristic business communication systems and …
Affective Computing Market: Projecting an Impressive Growth to Reach US$ 12.94 Trillion by 2033
The affective computing market is forecasted to expand at 33.6% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 71,282.9 million in 2023 and US$ 12, 94,617.60 million by 2033. Wide use of affective computing solutions and technologies in the automotive sector is fueling the …
Enterprise Mobility Market Surges: Anticipated Growth to Hit US$ 2,913,487 Million by 2033, Propelled by 16.5% CAGR
The global Enterprise Mobility Market is predicted to develop at a steady Compound Annual expansion Rate (CAGR) of 16.5% during the forecast period, continuing on a trajectory of strong expansion. By 2033, the market is expected to have grown from US$ 630,994 million to an astounding US$ 2,913,487 million. The growth of the corporate mobility market is supported by a …
Enterprise Content Management Market on the Rise: Projected Growth at 8.7% CAGR, Targeting US$ 38.3 Billion by 2033
The global enterprise content management market is anticipated to exhibit promising growth by registering an impressive CAGR of 8.7% from 2023 to 2033. The global market is predicted to be valued at US$ 16.6 Billion in 2023 and is likely to reach US$ 38.3 Billion by 2033. The growth of the overall market is attributed to the rising standard of compliance …
Network Encryption Market: Anticipating a 7.7% Annual Surge, Eyeing US$ 8.7 Billion by 2033
The network encryption market revenue totalled US$ 4.1 Billion in 2023 and the sales are expected to reach US$ 8.7 Billion by 2033, growing at a CAGR of 7.7% over the forecast period of 2023 and 2033. Rapid technological advancements and the introduction of artificial intelligence, machine learning, network security, and cyber security have created prospects for network encryptions. These technologies …
Automation Testing Market Momentum: Eyes US$ 93.6 Billion by 2032, Riding a 14.3% CAGR Wave
The Automation Testing Market is Expected to Register a CAGR of 14.3% and Surpass US$93.6 Billion by 2032. The development of rapid technologies such as artificial intelligence and machine learning is boosting the demand for the automation testing market. The penetration of smartphones along with the increasing use of mobile applications in different end-user industries is creating …