According to the project management software industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 13.1% from 2022-2032. The report states that the market is expected to reach the valuation of ~US$ 5.9 Bn by the end of 2022. As per FMI, growing demand for project collaboration by large enterprises …
Category Archives: Technology Trends
Lead Capture Software Market to Procure 7.4% CAGR through 2032
The lead capture software market was valued at US$ 2.4 Billion in 2022 and is projected to reach US$ 4.9 Billion by 2032, growing at a CAGR of 7.4% from 2022 to 2032. A few of the major factors driving the growth of the lead capture software market include automation of marketing efforts and accuracy in client information. …
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IoT Connectivity Management Platform Market is expected to grow at a CAGR of 16.8% during 2022 to 2032
The market for IoT connectivity management platforms generated US$5.4 billion in sales. By 2032, the market for IoT connectivity management platforms is anticipated to be worth US$ 29.7 billion, expanding at a CAGR of 16.8%. Nearly 40% of the whole IoT platform industry is now made up of IoT connectivity management platforms. IoT connectivity management platforms are …
Power Distribution Unit (PDU) Market is set reach US$ 4 Bn by the end of 2032 | Future Market Insights Analysis
The global power distribution unit market is estimated at US$ 4 Billion while recording a CAGR of 4.6% during the forecast period. The market is expected to hold a value of US$ 2.6 Billion in 2022. The growth of the market can be attributed to the increasing demand for data center monitoring solutions, benefitting the market during …
Online Payment Gateway Market is expected to grow at a high CAGR of 9.6% 2023 to 2033
The market for online payment gateways is anticipated to be worth US$ 117.5 billion in 2023 and US$ 293.9 billion by 2033. During the projection period, online payment gateway sales are anticipated to increase at a noteworthy CAGR of 9.6%. The following are some of the causes boosting demand for online payment gateways: The payment system has …
Traffic Management System Market is expected to reach at US$ 66.6 Bn in 2032 | Future Market Insights, Inc.
By 2022, it is anticipated that the market for traffic management systems would be worth US$21.3 billion. Over the projection period from 2022 to 2032, the traffic management system market is projected to grow at a CAGR of around 12.1%, reaching a value of more than US$ 66.6 Bn. The ongoing advancement of traffic management technology will …
Intelligent Transport System (ITS) Market to thrive at a CAGR of 13.4% Through 2032 | Future Market Insights, Inc.
Intelligent Transport Systems (ITS) refer to the integration of advanced technologies such as sensors, communication systems, and data analytics to improve the safety, efficiency, and sustainability of transportation systems. ITS technologies can be used for a wide range of applications, such as traffic management, public transportation, and vehicle navigation. Some examples of ITS include: traffic …
Semiconductor Assembly And Testing Services Market is forecasted to be valued at US$ 52.1 Bn by 2029
Semiconductor Assembly and Testing Services (SATS) refers to the process of manufacturing integrated circuits (ICs) by mounting and connecting individual semiconductor components (transistors, diodes, etc.) onto a substrate and testing the resulting IC to ensure it meets specifications. The process typically involves several steps such as wafer fabrication, die preparation, assembly, packaging, testing, and final inspection. …
Explosive Growth Ahead: Middle East & Africa Data Storage Market Set to Reach US$ 8.43 Billion with a CAGR of 14.3% by 2025 | FMI
In the Middle East and Africa, the market for data storage is anticipated to reach US$ 5.65 billion in 2022. The total market is anticipated to develop at an impressive CAGR of 14.3% between 2022 and 2025, exceeding a valuation of US$ 8.43 Bn by that year due to the increasing prevalence of current technology. …
ePayment System Market is predicted to grow at 17.5% CAGR through 2032 | Future Market Insights, Inc.
According to Future Industry Insights, the global ePayment system market would generate $77.8 billion in sales in 2020. (FMI). The market as a whole is anticipated to develop at a CAGR of around 17.7% from 2021 to 2031, reaching approximately US$ 456.6 billion. Nearly 75% of the worldwide payments market is thought to be made up of …