ICT and Media
The Internet of Things (IoT) represents connected smart devices and systems to access data collected by embedded circulatory in devices and other similar physical objects. With the expanding application of IoT, the global internet of things market is expected to witness a double digit growth over the coming years. Internet of things is used widely in energy efficiency, healthcare, ... Continue Reading
Residential security solutions can further be described as a combination of various input and output security devices. The input residential security devices include sensors and actuators that sense suspicious acts or movements, while the output residential security devices include hooters and alarms, to notify in case of a breach. Growth in the global residential security market is further reinforced by the introduction of new security software solutions such as wireless locks and smart apps for home safety. ... Continue Reading
The growing market of internet of things (IoT) in Europe is one of the dominant opportunities for the European residential security market. Aging population in Europe, increasing crime rates, increase in remote monitoring (using mobile devices), ease of installation of wireless technology, attractive insurance policies, and growing interest of consumers in home convenience and ... Continue Reading
The home automation market is growing at a significant rate, due to increasing demand for energy efficient and green product solutions; introduction of managed home automation services; price competitiveness because of large number of players; and innovation in communication, sensor, analytic, and touch screen technologies. ... Continue Reading
The growing demand for automated processes and instruments from large enterprises along with rising adoption of internet of things (IoT) across various industries are some of the key factors driving the growth of process automation and instrumentation market. Process automation is a technology-enabled automation of complex and repetitive manual processes. ... Continue Reading
The growing retail market and consumers’ need for more advanced services (such as easy access to services and products anytime and from anywhere) are the major growth drivers for the global retail automation systems market. To balance the market needs, retailers need advanced systems such as quick processing and result accuracy. The constant growth of self-checkout ... Continue Reading
The manufacturing industries are facing stiff government norms and regulation, towards the energy efficiency and reduction of carbon footprints to tackle the environment problems, including global warming. The ‘green’ and ‘smart’ are expected to be the future of industrial control & factory automation in the coming five to six years. Moreover, the lowering profit margin along with the ... Continue Reading
The global IoT market in structure monitoring is expected to grow at a CAGR of 24.2% during 2017 – 2022, to reach $2,35,281.4 million by 2022. The global IoT market in structure monitoring refers to system which deals with inter connected devices to monitor the structures such as building and bridges. It enables to transfer data over network with minimum human intervention to keep a constant check on cost maintenance, carbon emission and space management. ... Continue Reading
The global FEA market in electrical and electronics industry has been growing at a steady rate during past few years. The major factor attributing to the growth of the FEA market is the involvement of inspection agencies in product development, as it enables the organization to reduce the product development time by decreasing the number of prototypes and tests. The need to have ... Continue Reading
The AI market size in agriculture was valued at $110.3 million in 2016, and is forecasted to advance at 23.2% CAGR during the forecast period. The increasing penetration of internet of things (IOT) in the agriculture industry is a key factor driving the growth of the AI market in agriculture. As per a recent research, IoT device installations in the agriculture space is expected to increase from $30 million in 2015 to nearly $75 million in 2020, at a CAGR of around 20%. ... Continue Reading
The global vertical farming market stood at $1.4 billion in 2016, which is expected to grow at a CAGR of 24.2% during the forecast period. Benefits imparted by vertical farming, such as low water requirement, low transportation cost, and reduced washing and processing of produce are the growth drivers for this market. Vertical farming uses controlled environment agriculture (CEA) technology and produces food through skyscraper, shipping container, and vertically stacked layers. This type of farming is also known as indoor... Continue Reading
Connected logistics refer to a set of communication devices, advanced network connections and Internet of Things (IoT) technologies, which makes the traditional logistic processes more customer-centric. This is achieved by sharing relevant data, logistical information, and past facts with the supply chain partners. The global connected logistics market has gained significant growth, owing to development of new technologies for transportation and logistics. ... Continue Reading
Global robotic process automation market was valued at $1,195.9 million in 2017 and is expected to witness a CAGR of 36.2% during 2018–2023.Robotic process automation is the application of technology for configuring computer software or a robot to capture and interpret existing applications for processing a transaction, triggering various responses, manipulating data, along with effective communication with other digital systems. ... Continue Reading
Smart cities refer to cities built on smart and intelligent solutions and new technologies. The goal of smart cities is achieved by adoption of smart parameters such as smart energy, smart building, smart transportation, smart healthcare, smart governance, smart education, and involvement of smart citizens. Further, the smart cities market is gaining significant growth globally due to huge investments by public and private players, including the government of various countries across the globe. Smart cities solutions can ... Continue Reading
The growth in global smart homes market is further attributable to factors such as significant advancements in internet of things (IoT), increasing need for residential safety & security, growing awareness among consumers regarding energy saving solutions having lower carbon footprint, and huge investments from number of home automation manufacturers in IoT and expanding their product portfolio. In addition, rapid growth in global smart homes market is anticipated on account of increase in demand for smart home applia... Continue Reading
The global marketing automation software market is projected to grow rapidly in the coming years. The market is primarily driven by increasing adoption of digital marketing among enterprises and increasing social media usage. With surging social media and e-commerce adoption, businesses across the globe are focusing on investing heavily on digital marketing to leverage the opportunity of accessing and targeting a larger audience base, to expand their business. ... Continue Reading
India digital transformation market is estimated to value $24.5 billion in 2018, and is expected to grow at a CAGR of 74.7% during 2019-2024. The market is primarily driven by increasing adoption of internet of things (IoT), and surging manufacturing industry in the country. ... Continue Reading
The global self-checkout systems market was valued at $2,522.1 million in 2017 and is forecasted to witness a CAGR of 10.7% during 2018–2023. Advancements in technology and the growing trend of modern store formats are the two key factors driving the growth of the market. ... Continue Reading
Test automation refers to the use of special software (which are different from software being tested) for various software testing processes. Apart from this, test automation can automate some repetitive but important tasks in a formalised process, or can even perform additional testing that is hard to perform manually. The rising wave of digital transformation has further pushed the recognition of software testing and quality assurance (QA) across the enterprises, thereby leading to the growth of test automation market,... Continue Reading
Smart building market is expected to grow at a high pace owing to increasing demand for highly efficient infrastructural mechanisms. Many smart building companies provide various services including advantage services, compliance services, electrical services, energy services, fire sprinkler services, integration services, mechanical services, migration services and pre-construction services. ... Continue Reading
Blockchain market is gaining phenomenal growth, due to a shift towards digital economy. It is also known as distributed ledger.Growing interests in securing the online financial transactions continues to impel the market. This technology is useful for all sizes of enterprises. ... Continue Reading
The South American IoT market was valued at $3,258.3 million in 2017 and is forecasted to witness a CAGR of 35.0% during 2018–2023. Growing urbanization, increasing deployment of advanced technologies in industries, and improving economy are the major factors driving the market growth. ... Continue Reading
The Americas self-checkout systems market is estimated to value of $3.9 billion in 2018 and is expected to witness a CAGR of 10.9% during 2019-2024. Increasing labor shortage in Americas propelled by suppressed wage growth was the major driver pushing the market growth. ... Continue Reading
