The insurtech market is expected to rise from a paltry market value of US$ 16.6 billion in 2021 to a net worth of US$ 165.4 billion in 2032, according to Future Market Insights (FMI). A CAGR of 25.9% is predicted for the near future, which is impressive. Because more people are becoming aware of the benefits of …
Category Archives: Technology Trends
Instant Payments Market Set to Surge at 16.2% CAGR, Anticipated to Reach US$ 125,718.5 Million by 2033
The global Instant Payments Market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 16.2% between 2023 and 2033. According to the latest market research, the market value is expected to surge from US$ 28,011.6 million in 2023 to an estimated US$ 125,718.5 million by 2033. The sector’s remarkable growth trajectory follows …
Embedded Finance Market Surges with a 16.5% CAGR, Set to Reach US$ 291.3 Billion by 2033
It is projected that the embedded finance industry would grow at a robust 16.5% compound annual growth rate (CAGR) from 2023 to 2033. The market is anticipated to be valued at US$ 63.2 billion in 2023 and to have a market share of US$ 291.3 billion by 2033. The technical advantages along with the expanding financial services …
Debt Collection Software Market: Valuation to Reach US$ 11.5 Billion by 2033, Driven by Efficiency Gains – FMI
The Debt Collection Software Market is currently estimated at US$ 4.3 billion in 2023 and is poised for substantial growth, projected to reach US$ 11.5 billion by 2033. This remarkable expansion reflects a robust Compound Annual Growth Rate (CAGR) of 10.2% over the forecast period from 2022 to 2032. Debt collection software aids in the automatic and daily …
Call Center AI Market Soars: Global Growth Projected at 13.5% Annually, Anticipated to Reach US$ 6 Billion by 2032
The demand for Call Center AI Market solutions is primarily driven by the extensive adoption of AI-based services across various industries including Banking, Financial Services, and Insurance (BFSI), Information Technology & Telecommunications, healthcare, and the retail sector. These sectors have witnessed a significant surge in the utilization of AI technologies, particularly in streamlining customer interactions and enhancing …
3D Audio Market Set to Exceed $7.77 Billion by 2023 | Surging Growth at 13.3% CAGR
The global 3D audio market is on a trajectory to exceed US$ 7.77 billion by 2023, with a projected CAGR of 13.3% through 2033, ultimately reaching US$ 14.75 billion. This extraordinary growth is fueled by the increasing demand for immersive audio experiences across various sectors, driven by technological advancements. The United States leads the pack in revenue …
Crowdsourced Security Market: Unprecedented Growth to Reach US$ 245.4 Million by 2033
The global crowdsourced security Industry size is anticipated to exceed a valuation of US$ 114.4 million in 2023. It is projected to hit a valuation of US$ 245.4 million by 2033. The market is predicted to thrive at a CAGR of 7.9% from 2023 to 2033. Compared to engaging specialized in-house security teams or carrying out conventional penetration …
Cloud Database and DBaaS Market Surges: Expected to Reach US$ 69,806.5 Million by 2033
The Cloud Database and Database-as-a-Service (DBaaS) market is poised for remarkable growth, with projections indicating a value of US$ 18,611.2 million in 2023 and a staggering rise to US$ 69,806.5 million by 2033. These figures reflect an anticipated Compound Annual Growth Rate (CAGR) of 14.1% during the forecast period, underlining the industry’s tremendous potential and demand. Healthcare, …
Patient Registry Software Market to Surge at 8.8% CAGR, Projected to Reach US$ 4.4 Billion by 2032
The global patient registry software market is estimated at US$ 4.4 Billion while expanding at a CAGR of 8.8% from 2022 to 2032. The market is valued at US$ 1.9 Billion in 2022. The growth of the market can be attributed to the increasing adoption of EHRs in the healthcare sector. The implementation of various favorable government initiatives is expected to …
VPN Software Market Sees Explosive Growth Projections: Anticipated 14.1% CAGR Targeting US$ 7.2 Billion by 2033
The global VPN software market is expected to reach a value of US$ 1.7 billion in the year 2023. This market is anticipated to continue expanding at a steady rate of 14.1% annually, eventually reaching a total worth of US$ 7.2 billion by the year 2033. VPN software is being adopted by businesses across the globe to provide remote workers with …