By 2022, it is anticipated that the global market for agricultural robots would be valued $5,994.27 million. By 2032, the global market for agricultural robots is expected to produce sales of $30,500.51 million at a CAGR of 17.7%. The costs associated with automation are decreasing as IoT and navigation technologies are developed, which is due to the …
Category Archives: Technology Trends
Cloud Analytics Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033
In 2022, cloud analytics market was estimated to be worth about US$ 35,100.5 million. The market is anticipated to reach a valuation of about US$ 171,019.6 million by the end of 2033, with a CAGR of 15.6% for the following 10 years. By the end of 2033, the global absolute dollar opportunity growth in the cloud analytics …
Antenna, Transducer, and Radome (ATR) Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033
According to Future Market Insight, the global antenna, transducer, and radome (ATR) market is anticipated to achieve a substantial valuation of US$ 30.68 billion by 2033, exhibiting a commendable CAGR of 10.4%. This projected value demonstrates a significant surge from the expected worth of US$ 11.37 billion in 2023. The ATR technology market caters to a wide range …
Outdoor Payment Terminal Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033
According to forecasts, the outdoor payment terminal market is expected to be US$ 1,679.0 million in 2023 and US$ 4,529.5 million by 2033. Demand for OPT is high among consumers in emerging nations as they adopt cell phones and mobile payment methods more regularly. This is because customers rapidly and securely make purchases utilizing mobile payment programs …
Smart Home Automation Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032
According to estimates, the global market for smart home automation would increase from US$ 72 billion in 2022 to US$ 168 billion in 2032, with a CAGR of 8.84% between those two years. The Internet of Things (IoT) is becoming more widely used, and as a result, machine-to-machine communication has advanced, encouraging customers to use smart home …
Spintronics Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033
The spintronics market is projected to increase at an estimated 7.3% CAGR, with projected values of US$ 687.1 million in 2023 and US$ 1,394.2 million in 2033. Large-scale data processing and storage have been transformed by spintronics technology, increasing market share. Furthermore, there is a great need for spintronics due to its usage in digital electronics, sensors, …
Contact Center as a Service Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032
The global contact center as a service market is estimated at US$ 4.5 Billion in 2022 and is likely to reach US$ 16 Billion by 2032, displaying a CAGR of 13.52% during the forecast period. Expansion of the market can be attributed to the growing adoption of advanced contact center technologies for better functioning of the market …
Space Management Solutions Market Set to Achieve a 7.8% CAGR, Projected to Reach $1.89 Billion by 2032
The global space management solutions market is expected to grow at a 7.8% CAGR from 2022 to 2032. The space management solutions market is expected to reach a valuation of around US$ 1.89 billion by the end of 2032, up from a current valuation of US$ 890 million in 2022. The growing need to manage costly resources and actual extra space …
Solid State Lighting System Market Set to Reach $89 Billion by 2032 with a 9.3% CAGR – FMI
The market for solid state lighting systems is anticipated to grow at a compound annual growth rate (CAGR) of 9.3% over the course of the forecast period, from US$ 36,480.8 million in 2022 to US$ 89,077.2 million by 2032. When light is produced by semiconductors, polymers, or organic light-emitting diodes (OLEDs) rather than plasma, as in arc …
Global Network Security Firewalls Market Projected to Reach $19.7 Billion by 2032 with a 15% CAGR Growth – FMI
Network security firewalls market are expected to have a market value of US$ 19677 million by 2032, up from US$ 4882 million in 2022, increasing at a CAGR of 15%. The market for network security firewalls is expanding due to the rising use of web applications and the rising demand for improved security services to reduce the risk of cyber-attacks. The …