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Every company needs to have a proper customer care department, which is why the number of such establishments is rising. These places witness a high volume of calls every day, many of which do not require human intervention. Thus, by replacing a certain number of human employees with virtual assistants, companies can save on operational costs, while maintaining the quality of customer service. Nowadays, people are more likely to switch brands because of unsatisfactory customer service than they are if the product itself isn’t good, simply because they have options, which creates a strong need for an efficient customer service department. Other places people will likely encounter a voice assistant today are smartphones, laptops, websites, chatbots, smartwatches, and smart speakers (including Amazon Echo, Google Nest, and Apple HomePod). But, how do these programs understand what people are saying and communicate with them? This is done via a range of technologies, such as speech recogni...

In the coming years, the demand for VRF systems will likely increase at the highest rate. This will be because of the ability of one such system to maintain different temperatures in different settings, which could be the requirement in really large commercial areas. These systems have one large outdoor unit and multiple indoor units with individual controls, which increases their utility for commercial spaces, such as shopping malls and supermarkets/hypermarkets (where the frozen foods section requires way lower temperatures than general-purpose aisles). In this regard, the burgeoning number of commercial real estate projects is propelling the commercial AC demand . To cater to the booming population, which is increasingly moving to cities, office complexes, transit hubs such as metro and railway stations and airports, hypermarkets, shopping malls, schools, hospitals, and hotels and resorts are rapidly being constructed. For instance, most of the railway stations in developed countrie...

The increasing adoption of 5G services will drive the extended reality market at a 48.3% CAGR during the forecast period (2020–2030). The market size is expected to rise from $18.6 billion in 2019 to $1,005.9 billion by 2030. XR solutions require high bandwidth, low latency, and high reliability, which can be provided by 5G services at an affordable price. Additionally, the growing usage of head-mounted displays (HMDs) for knowledge and education purposes and among enterprises for offering more engaging and interactive customer experience will boost the demand for XR solutions , globally. In recent years, several market players have entered into partnerships and collaborations to expand the user base of XR technology in the retail, education, and hospitality industries. For instance, in January 2020, Accenture Plc and Qualcomm Incorporated began collaborating with InterContinental Hotels Group to pilot-run a solution that utilizes AR and virtual reality (VR) technologies to improve the...

Tobacco smoking is detrimental to human health as well as the environment, owing to which current and former smokers are shifting toward e-cigarettes. This shift can be attributed to the rising awareness about the harmful impact of tobacco smoking. The surging consciousness has encouraged several governments to put a complete ban on smoking at specific places, which is coercing smokers to move outside the restricted spaces. To deal with this inconvenience, smokers are opting for e-cigarettes, which do not emit smoke and can give the same sensation as traditional cigarettes. Additionally, the increasing availability of vaping products on various distribution channels will help the e-cigarette market advance at a 9.2% CAGR during 2020–2030. According to P&S Intelligence, the market revenue will surge from $15.7 billion in 2019 to $39.0 billion by 2030. E-Cigarette Market Business Analysis, Growth and Forecast Report Vaping device manufacturers are promoting and selling their offeri...

A number of factors, such as the surging penetration of smartphones and connected devices, increasing adoption of augmented reality (AR)/virtual reality (VR) and 5G solutions, and rising number of partnerships and collaborations among players, are expected to drive the growth of the extended reality (XR) market at a CAGR of 48.3% during the forecast period (2020–2030).  According to P&S Intelligence, the market size is projected to reach $1,005.9 billion by 2030 from $18.6 billion in 2019. In regard to the market, the launch of 5G networks has become a key trend. The surging penetration of connected devices and smartphones across the world is the main factor boosting the demand for XR solutions.  Extended Reality Market its Future Outlook and Trends The penetration of smartphones has grown rapidly in advanced economies, and it is also rising significantly in emerging nations. According to the Global System for Mobile Communication Association (GSMA), there were 5.2 billio...

The APAC compressor market attained a value of $19.9 billion in 2019, and it is predicted to advance at a CAGR of 3.2% between 2020 and 2030. Furthermore, the market will generate a revenue of $25.7 billion by 2030. The factors driving the market expansion are the expansion of the heating, ventilation, and air conditioning (HVAC) and automotive industries and the surging investments being made in infrastructural development and gas pipeline projects in the region. The soaring infrastructure spending of several APAC countries such as India and China is fueling the growth of the market. For instance, China currently has many infrastructural projects in the pipeline, with the transportation sector being one of the major contributors. The country announced the launch of urban rail projects worth $43.3 billion (CNY 298 billion) in Shanghai in December 2018. Similarly, the Indian government has recently announced its decision of building 100 smart cities and renovating other 500 cities. APA...

As enterprises are transferring their businesses to the cloud, it has become essential for organizations to shift from wet signatures to e-signatures. The rising deployment of cloud technology and mobile banking transactions, especially during the COVID-19 pandemic, is escalating the need for multi-channel security solutions and improved user experience across all sectors. Moreover, the escalating frequency of cyberattacks, owing to the vulnerabilities attached to cloud technology, will encourage enterprises to adopt advanced security solutions, such as e-signatures, in the coming years. Additionally, the rapid digital advancements being made in the corporate sector will fuel the e-signature market at a CAGR of 26.6% during 2021–2030. The market revenue stood at $1,198.6 million in 2020 and it is projected to reach $12,721.4 million by 2030 .   Get Detailed COVID-19 Impact Analysis on the E-Signature Market The surging digitization in the corporate sector has accelerated the need f...

Governments of many countries are undertaking initiatives to encourage the replacement of old heating, ventilation, and air conditioning (HVAC) systems with new, energy-efficient systems because unrepaired and worn-out equipment has huge repair and maintenance costs. For example, the Ministry of Power, India, launched an Energy Conservation Building Code for Residential Buildings (ECBC-R), named 'Eco-Niwas Samhita 2018', in December 2018. The code applies to mixed-land-use buildings and residential buildings built on a land area of ≥500 square meters. It lays down the minimum performance standards for these buildings, to limit heat loss and gain. Further, the expanding construction industry will support the HVAC market is witnessing a CAGR of 4.8% during the forecast period (2020–2030). As a result, the market revenue is expected to rise from $240.8 billion in 2019 to $358.1 billion in 2030. India, Qatar, China, the U.S., Saudi Arabia, and the U.A.E. are generating a high dema...

The soaring adoption of big data and the internet of things (IoT) is expected to accelerate the SD-WAN market at a CAGR of 38.6% during the forecast period (2020–2030). The market was valued at $1.4 billion in 2019 and it is projected to reach $43.0 billion revenue by 2030.  As IoT and big data have data privacy, security, knowledge scarcity, and data handling and data management issues attached to them, enterprises are increasingly adopting SD-WAN solutions to overcome these challenges, through centralized management and control, minimization of the risks, and zero-touch provisioning. Besides, the soaring need for network visibility and privacy will also accelerate the usage of SD-WAN solutions in the forthcoming years. Databases, applications, and enterprise information are becoming vulnerable to unauthorized access due to the mounting amount of data being used across businesses.  Get the Sample Copy of this Report at:  https://www.psmarketresearch.com/market-analysis/s...

The burgeoning demand for home appliances, surging demand for sensors from the automobile sector, and rising government initiatives for establishing smart cities will contribute to the wireless sensor network market growth during the forecast period (2020–2030). Moreover, rapid industrial automation will also support the market growth in the foreseeable future.  A wireless sensor network refers to a self-configured network of sensors that work together to transfer real-time data. This network help in collecting information from the physical environment and then transfer the data to a base station wirelessly. One of the key growth drivers of the wireless sensor network market is the surging government initiatives being launched across the world for developing smart cities. Get the Sample Copy of this Report at:  https://www.psmarketresearch.com/market-analysis/wireless-sensor-network-market/report-sample These networks are used in smart cities for applications such as traffic ...

With the rising penetration of the internet and growing usage of smartphones and internet of things (IoT) devices, the mobile data traffic is surging, which is, in turn, fueling the requirement for edge data centers. According to the World Bank, nearly 49% of the global population were internet users in 2017. The generation of large volumes of data, owing to the soaring mobile data traffic, is causing latency issues and slow network speeds. These data centers are located at the edge of a network and thus, assist greatly in reducing latency problems, which is rapidly becoming a huge concern area for many organizations, on account of the booming popularity of streaming services and growing adoption of cloud computing solutions and advanced technologies such as big data and the internet of things. Get the Sample Copy of this Report at:  https://www.psmarketresearch.com/market-analysis/edge-data-center-market-analysis/report-sample Besides this, the increasing over-the-top (OTT) traff...

According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2020, nearly 78 million vehicles were sold across the world. High volume sales of automobiles are creating a huge requirement for automotive electronics. Further, the surging adoption of electric vehicles (EVs) and autonomous vehicles will also fuel the need for electronic components in the coming years. According to the International Energy Agency (IEA), around 3.0 million electric cars were registered in 2020, globally. Moreover, the increasing incorporation of integrated cockpit systems in vehicles will fuel the automotive electronics market at a CAGR of 9.3% during 2020–2030. The market was valued at $235.7 billion in 2019 and it is projected to reach $615.3 billion revenue by 2030.  Unlike conventional cockpits, wherein drivers have to manually control the heads-up displays (HUDs), voice assistance, navigation, smart heating, ventilation, and air conditioning (HVAC), and embedded virtualiz...

Every company is nowadays looking to reduce its operational costs in order to become more profitable. Lower operational costs result in lower product/service prices, and with the increasing competition in every industry, companies are focusing on making their offerings more accessible to as many people as possible. One of the best ways to reduce operational costs for a company is to care for its assets, including its offices and machines, deeply. Thus, with enterprises scrambling to be operationally more efficient and cost-effective, the enterprise asset management (EAM) market, as claimed by P&S Intelligence, is expected to witness a high 17.0% CAGR between 2020 and 2030 (forecast period). As a result, the revenue generated by the providers of such solutions and services will likely surge from $5.5 billion in 2019 to $25.9 billion by 2030 . This is because EAM includes a host of solutions that help companies monitor the operations of their assets, so that maintenance costs and the...

The International Telecommunication Union (ITU) states that in 2019, there were around 4 billion internet users across the world. The increasing penetration of the internet, especially in India, Iran, South Korea, and South Africa, is encouraging more people to opt for video streaming services. For instance, according to the World Economic Forum, the number of internet users in the Democratic Republic of Congo (DRC) increased by 9 million, or 122%, between 2019 and 2030. Furthermore, the organization estimated that the population of internet users in India surged by 128 million, or 23%, during 2019–2020. Additionally, the surging popularity of over-the-top (OTT) platforms will help the video streaming market progress at a robust CAGR of 19.1% during 2019–2024. The market revenue stood at $245.3 billion in 2018, and it is expected to reach $688.7 billion by 2024. Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/video-streaming-market/report-sample...

As the world is marching toward energy-efficient lighting solutions, owing to the surging environmental concerns, individuals, organizations, and governments are focusing on the adoption of light-emitting diode (LED)-based lighting solutions. As compared to conventional lights, LEDs have longer operational life and lower maintenance costs. Owing to these advantages, several governments are taking multiple initiatives to replace conventional lighting solutions with LED systems.  For example, in 2019, the government of Tamil Nadu, an Indian state, issued a tender to replace the existing conventional street lights of Coimbatore with energy-efficient and smart LED lights. Over the years, smart LED lighting solutions have become quite popular due to their higher energy efficiency than traditional lighting solutions. The adoption of smart LEDs helps in reducing the cost burden on residential and commercial users, as these lights enable energy savings.  Get the Sample Copy of this Re...

A lot of people, both men, and women have either of two girlfriends they are increasingly talking to during the day: Siri and Alexa. In a short time, these voice assistants have become so popular that people often talk to them just for entertainment, asking pointless questions to hear even-more-pointless and often hilarious answers. Moreover, voice assistants help people control the operations of electrical and electronic devices, such as TVs, home automation systems, fridges, and washing machines, and even automobiles (certain features) via spoken commands. Thus, with technological advancement widening the application area of such programs, the voice assistant market value, as calculated by P&S Intelligence, is set to grow from $1,723.6 million in 2019 to $26,872.6 million by 2030, at a 29.7% CAGR between 2020 and 2030. While Alexa and Siri might still be babies in human years, voice assistants themselves are not.  Whenever someone calls up a big company or even a government ...

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...

Countries such as India, China, and Brazil are currently focusing on the establishment of smart cities to preserve energy and improve the living standard of their citizens. As smart cities aim to reduce energy consumption, governments of such countries are increasingly integrating sensors in their lighting systems, which have exceptional energy efficiency.  Lighting systems using sensors can automatically switch off in the presence of sufficient natural light, thereby conserving electricity. Thus, the surging construction of smart cities in these developing countries will boost the adoption of light sensors in the foreseeable future. Moreover, the increasing use of consumer electronics will also drive the light sensor market at a CAGR of 9.5% during the forecast period (2020–2030).  Get Sample Copy of Report @ https://www.psmarketresearch.com/market-analysis/light-sensor-market/report-sample According to P&S Intelligence, the market generated a revenue of $1,456.2 million...