The global cellular M2M market is forecasted to expand at 19.1% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 14,018.0 million in 2023. Over the last decade, the concept of communication has drastically evolved thanks to robust internet speed, the launch of advanced smartphones, and the emergence of …
Category Archives: Technology Trends
AI in IoT Market Shows Striking Surge, Anticipated CAGR of 6.4% Leading to US$ 153.1 Billion Projection by 2033
The AI in IoT market is predicted to grow steadily at a rate of 6.4% over the coming years. By 2033, it’s expected to reach a value of approximately US$ 153.1 billion. As more and more transportation and connected devices need to keep track of their assets and performance, there’s a growing need for special services to help …
Application Virtualization Market Witnesses Impressive 12.9% CAGR, Projected to Hit US$ 14,365.1 Million by 2033
The application virtualization market is expected to experience remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 12.9% from 2023 to 2033. This growth is anticipated to result in a market value of approximately US$ 14,365.1 million by 2033. The primary drivers of the adoption of application virtualization are enhancing security and streamlining the administration …
Next-Gen Firewall Market Forecasted to Expand at 9.1% CAGR, Envisioned to Reach US$ 8.5 Billion by 2033
The next-gen firewall market is projected to grow to approximately US$ 8.5 billion, with an annual growth rate of 9.1% from 2023 to 2033. The rise in data hacking activities and cyber-attacks is encouraging enterprises to focus on the detection of better security solutions. Hence, demand for next-gen firewall systems for securing information deployed on the cloud …
Gigabit Passive Optical Network Market: A Visionary Outlook Towards US$ 11,688.9 Million by 2033
The global gigabit passive optical network (GPON) market size is anticipated to surpass a valuation of US$ 6,821.7 million in 2023. It is anticipated to hit a valuation of US$ 11,688.9 million by 2033. The market is poised to record a modest CAGR of 5.5% from 2023 to 2033. Manufacturers of GPON equipment are providing contemporary OLTs as a way to …
IoT in Manufacturing Market: Surging at a Phenomenal 14.7% CAGR, Projected to Reach US$ 948.6 Billion by 2033
The IoT in the manufacturing market is poised for significant growth, with a projected steady Compound Annual Growth Rate (CAGR) of 14.7% over the forecast period. In 2023, it is expected to generate revenues of around US$ 265.2 billion, and by 2033, this market is forecasted to surpass an impressive value of US$ 948.6 billion. The ecosystem’s …
Revolutionizing Cybersecurity: Network Traffic Analysis Solution Market Projected to Surge at 11.3% CAGR until 2032
The Network Traffic Analysis Solutions Market is poised for substantial growth, projected to register a moderate CAGR of 11.3% from 2022 to 2032. In 2022, the market was valued at US$ 2.9 Billion, and it is anticipated to reach US$ 8.5 Billion by 2032. Notably, from 2016 to 2021, the market experienced robust growth at a CAGR …
Global Payroll and HR Solutions Market Set to Skyrocket, Predicted to Reach US$ 58.3 Billion by 2032
The worldwide payroll and HR solutions and services market is anticipated to reach US$ 58.3 billion by 2032, growing at a compound annual growth rate of 7.7%, according to Future Market Insights. In 2021, the market was worth US$25.5 billion. Over the course of the forecast period, the market is expected to be driven primarily by growing …
Global Partner Ecosystem Platform Software Market Surges, Forecasted to Reach US$ 201.6 Billion by 2032
The global Partner Ecosystem Platform Software Market is on a remarkable growth trajectory, with projections indicating a value of US$ 62.4 Billion in 2022. This robust upward trend is expected to continue with a compound annual growth rate (CAGR) of 12.4% during the forecast period, eventually reaching an impressive US$ 201.6 Billion by 2032. The Partner Ecosystem …
Securing the Future: Mobile Payment Data Protection Market Surges with a 12.3% CAGR from 2022 to 2032
The mobile payment data protection market is expected to grow at a 12.3% CAGR between 2022 and 2032. In 2022, the global mobile payment data protection market is expected to be worth US$ 603.9 billion. The market is anticipated to grow at US$ 1.9 Trillion. The day-by-day expansion of digital payments and rising fraudulent activities in these …