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The market for optical switches worldwide is expected to reach US$ 6239 million in 2022 and US$ 16762 million by 2032, growing at a CAGR of 10.4% over the forecast period (2022-2032). The market for optical switches worldwide is anticipated to grow as a result of several factors. These include the drop in energy use that optical …
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The coiled tubing market refers to the market for the use of a continuous length of flexible tubing that is coiled onto a spool, which is used in oil and gas exploration and production activities. Coiled tubing is widely used in the oil and gas industry for a variety of applications, including well intervention, completion, …
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The market for bird detection systems is anticipated to reach US$ 130.0 Mn in 2022, growing at a 4.9% CAGR over the same period. By 2032, the market is anticipated to reach US$ 278.0 Mn. Airport bird detection systems are increasingly in demand as a result of the use of bird detection systems by airports to track and …
The market for IoT device management platforms is expected to reach US$ 4.4 billion in 2022. By 2032, it is anticipated that the market will be worth more than US$ 39.7 Bn, with sales increasing at a 24.4% CAGR.Almost 55% of sales in the overall IoT platform market are currently made by IoT device management …
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The size of the world market for weather forecasting services, estimated at US$ 2.2 billion in 2021, is anticipated to grow at a 6.7% compound annual growth rate (CAGR) from 2022 to 2032.The demand for weather forecasting solutions and services is being fueled by factors like the growing demand for weather solutions across industries and the …
The market for analogue and digital IC development tools is projected to grow at a CAGR of 7.3% over the course of the forecast period, from a market share of US$ 360.67 billion in 2022 to US$ 729.64 billion by 2032. The development of the integrated circuit industry, one of the pillars of the information industry, is …
The financial analytics market is forecast to grow at an estimated CAGR of 11.3% from 2022 to 2032. The demand for solutions that can handle enormous volumes of data and deliver crucial insights will play a crucial role in boosting the analytics in the finance domain as a result of the growing emphasis on data-driven financial decisions …
In 2023, the market for wireless charging is expected to be worth US$16,954.6 million. By the end of 2033, the market for wireless charging is expected to be worth US$ 150,889.5 million, an increase in sales of 24.4% CAGR. Mobile electronics like smartphones, laptops, wearable technology, and gaming consoles are the ones that use wireless power …
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The market for microgrids is anticipated to reach a value of US$27.4 billion in 2022 and US$80.66 billion by 2032. Between 2022 and 2032, the market is anticipated to grow at a rate of 11.4% CAGR, as a result of: Worldwide commercial and industrial sectors have a need for a dependable and secure power supply, and …
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By 2032, it is anticipated that alarm management system sales will total US$ 2 billion. Sales in the market are anticipated to grow at an 11–13% CAGR during the forecast period due to increasing demand to manage alarm overload in manufacturing plants. For the classification of alerts, prioritising, and generating event notifications used in Supervisory Control …
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