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The global market for power electronics is predicted to grow at a 5% CAGR, reaching US$ 44 billion by 2032. In 2022, the market is expected to be worth US$ 28 billion. The power electronics market is expanding at a modest rate, with an average CAGR over the forecast period. Currently, the electronic industry is quickly expanding …
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According to Future Market Insights (FMI), the enterprise content management market is forecasted to reach a net worth of US$ 35.8 Bn in 2032 from US$ 14.2 Bn in 2021. It is estimated to witness a higher CAGR of 8.7% over the forecast years. Adoption of enterprise content management or ECM solutions by all sectors of the economy is a …
Coiled Tubing Market is expected to reach US$ 2.57 Bn in 2032, likely to surge at a vigorous 3.4% CAGR during the forecast period of 2022 – 2032 | FMI. Coiled Tubing is a continuous tubing made of steel or composite material which is used in Oil and Gas Industries for conveyance or deployment applications. They …
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According to a recent study by FMI, the conversational AI market is expected to reach US$ 40.5 billion by 2032, up from US$ 8.3 billion in 2022, expanding at a high CAGR of 17.2%. This study explains that the key factors such as rise in demand for AI-based Gartner chatbots solutions are expected to augment the growth of the market during the …
According to Future Market Insights’ newly released 5G IoT industry analysis report, global revenue for 5G IoT in 2021 is expected to be US$ 2.6 billion. The projected market growth rate from 2022 to 2032 is 33.5%. With a projected growth of 31.8% between 2022 and 2032, the 5G Non-Standalone segment is expected to be the highest …
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The physical security market is projected to grow steadily at a 6.3% value CAGR, during the forecast period 2022-2032. Earlier in 2021, this market was projected to have a global market valuation worth US$ 117 Billion and is expected to reach a sum of US$ 229.11 Billion by 2032. Global physical security market growth has been boosted by an increase in terror attacks …
The 5G Industrial IOT market revenues were estimated at US$ 890.0 Mn in 2021 and is anticipated to grow at a CAGR of 28.1% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 18.8 Bn. 5G Industrial IOT revenue through large enterprises is projected to grow at a …
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The core banking service market has been thoroughly evaluated by Future Market Insights in its most recent report, “Core Banking Solution Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The market is expected to grow at a strong CAGR of 5.1% during the forecast period. Component – Software Dominates Services Component in Core Banking …
Increasing importance of IT department in various organization need the advanced solution to manage the complex IT functions. IT operations analytics offers real-time analysis feature and it analyses the IT data and provides different patterns for the same. IT operations analytics is also known as advanced operational analytics that has been implemented by BFSI, media & entertainment, …
The Domain Name System, Dynamic Host Configuration Protocol, and IP address management market is growing rapidly as it has improved IT infrastructure availability and efficiency and reduced the operational expenditures of enterprises. Enterprises are focusing on organic as well inorganic growth which needs to add new IP addresses to their network that needs the IP …