Market Research News Federation Board

Structured cabling simplifies cable management as it can be managed and administered without the involvement of a large staff. In recent years, structured cabling has gained prominence due to the escalating demand for hassle-free information technology (IT) infrastructure. The adoption of this cabling system helps in reducing the cost and time of data centers, government agencies, and several industries, as it is a more-standardized and -organized approach than patch cords. Essentially, the increasing demand for high bandwidth, owing to the rising internet penetration, is expected to drive the structured cabling market at a CAGR of 3.9% during the forecast period (2020–2030). The market stood at $7.4 billion in 2019, and it is projected to reach $9.6 billion in 2030. Business organizations across the world are opting for structured cabling to improve their operations, as it allows a high bandwidth. Enterprises are focusing on modifying their IT infrastructure due to the rising use of b...

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 ...

The global geographic information system (GIS) in telecom market generated a revenue of $1.3 billion in 2019, and it is expected to reach a value of $4.6 billion by 2030. In addition to this, the market will progress at a CAGR of 12.2% between 2020 and 2030. The factors fueling the expansion of the market are the surging demand for network installation and the mushrooming adoption of GIS solutions for providing mobile and broadband services. Additionally, the surging investments being made for expanding the network and enhancing the broadband speed are also driving the usage of the GIS technology by various telecom companies. Based on offering, the GIS in telecom market is categorized into data, service, hardware, and software. Amongst these, the data category will demonstrate the fastest growth in the forthcoming years, primarily because of the huge investments being made in information technology (IT), particularly in the developed countries such as the U.S. This is ascribed to the f...

The increasing public awareness about fitness level and surging public focus on healthy lifestyle, owing to the hectic work schedule and the sedentary life of people, are propelling the usage of wearable devices worldwide. People use wearable devices to track vitals, such as heartbeat, calorie intake, and calories burnt.  The real-time information displayed by these devices helps reduce diabetes cases and encourage people to exercise regularly. Owing to the various benefits of artificial intelligence (AI)-powered wearable devices, electronics manufacturers are increasingly adopting AI technologies in their products.  Additionally, the mounting per capita income of people will also help the wearable AI devices market propel at a whopping CAGR of 29.0% during 2019–2024.  According to P&S Intelligence, the market was valued at $11,182.8 million in 2018, and it will generate $49,240.6 million revenue by 2024.  For instance, the World Bank states that the per capita ...

The rising penetration of the internet of things (IoT) technology in the agriculture sector, mounting demand for high crop yields, increasing deployment of drones for pesticide spraying, surging need for real-time livestock monitoring, and growing focus on improved crop management are expected to drive the artificial intelligence (AI) in agriculture market at a CAGR of 24.8% during the forecast period (2020–2030). The market revenue stood at $852.2 million in 2019, and it is projected to reach $8,379.5 million by 2030. The increasing adoption of drones by farmers has become a key growth driver for the market. Drones are being used for scanning soil health, estimating yield data, applying fertilizers, and assisting in irrigation schedules. Moreover, the surging number of government initiatives facilitating the adoption of drones for improving agricultural practices is having a positive impact on the market. For example, in January 2019, the state government of Maharashtra, India, partne...

The Government of Indonesia aims to increase the electric vehicle (EV) (passenger vehicles) stock of the country to 2 million units by 2030. Likewise, the French government has a target to expand its plug-in hybrid electric vehicle (PHEV) (passenger vehicles) stock and battery electric vehicle (BEV) (passenger vehicles) stock to 1.8 million and 3 million, respectively, by 2028. The expanding EV stock requires a developed and efficient charging infrastructure for the convenience of EV owners. To improve EV charging, several international organizations, such as the Institute of Electrical and Electronics Engineers (IEEE), the International Electro-Technical Commission (IEC), the Underwriters Laboratories (UL), and the Society of Automotive Engineers (SAE), have focused on improving the safety and efficiency of wireless EV charging systems. Thus, the flourishing EV sector and increasing innovations being made in the charging systems will drive the wireless charging market growth during t...

The Occupational Safety and Health Administration (OSHA) has drafted workplace monitoring regulations and laid down the workplace safety standards to protect employees working in the manufacturing sector in the U.S. from getting exposed to excessive heat. Likewise, the U.K., Germany, South Korea, Japan, India, Australia, and Saudi Arabia have also set stringent guidelines regarding heat stress management at workplaces.  Thus, the increasing implementation of heat stress management guidelines at workplaces will facilitate the adoption of heat stress monitors in the foreseeable future. Additionally, the surging need to monitor heat stress of athletes and military personnel, owing to the adverse impacts of heat on the performance of individuals, is expected to propel the heat stress monitor market at a CAGR of 2.7% during 2020–2030. The market revenue stood at $51.4 million in 2019 and it is projected to reach $62.5 million by 2030. These instruments help military personnel and athl...

The global DCIM market generated a revenue of $1.5 billion in 2020 and it is set to exhibit rapid expansion from 2020 to 2030 (forecast period), as per the estimates of the market research company, P&S Intelligence. The market is being driven by the burgeoning requirement for gaining end-to-end visibility to predict capacity management requirements, rising focus on improving energy efficiency and data center uptime, soaring need for a low carbon footprint and sustainability, and surging number of hyperscale data centers across the world. Enterprises must plan their data center strategy in such a way that the systems never breakdown. Moreover, data center managers must make sure that their data center strategy can cope with the evolving needs of organizations. DCIM provides insights and visibility by monitoring several parameters, such as security uptime, network operations, and the performance of computers and data center servers, and addressing network issues when they arise. Thu...

Most companies, small or large, have a human resources (HR) department for assisting the higher management in maintaining a smooth work process, ensuring a healthy work environment, hiring employees and tracking their progress, helping with appraisals and promotions, and organizing social events, such as festive celebrations and parties. Needless to say that the HR department deals with a lot of data every day, which can become tedious to maintain, analyze, and interpret. Thus, with companies of all types being established around the world, P&S Intelligence expects the HR analytics market value to increase to $4,763.5 million by 2024 from $2,045.5 million in 2018, at a healthy 15.6% CAGR during 2019–2024. A variety of software is being offered by technology companies to help HRs with effective hiring, employee progress tracking, promotions and appraisals, and attrition rate reduction. The department receives employee data in a variety of formats, such as spreadsheets and that trans...

In recent years, this technology has gained prominence in the manufacturing sector, owing to rapid digitization. The ongoing Industry 4.0 revolution is, therefore, expected to help the digital twin market progress at an exceptional CAGR of 50.0% during 2020–2030. The market revenue is projected to surge from $3,210.1 million in 2020 to $184,517.4 million by 2030. Industry 4.0 is transforming the manufacturing and distribution process of production facilities by integrating advanced technologies, such as cloud computing and analytics, ML, internet of things (IoT), and artificial intelligence (AI), and advanced sensors. Currently, enterprises monitoring or managing multiple systems of the same type of assets are using digital twin aggregates to collect data from all systems. The deployment of a common platform enables easy identification and analysis of similar patterns and trends, which further helps in the refinement of the systems. Bringing all digital twins on a common platform allow...

A number of factors, such as the rising need for agricultural products, improving productivity of agricultural products, and relaxation in the government rules for drones in the U.S., Germany, China, Brazil, and India, are projected to drive the growth of the agricultural drones market at a CAGR of 25.0% during the forecast period (2019–2024). According to P&S Intelligence, the market generated revenue of $1.5 billion in 2018, and it is expected to reach $6.2 billion by 2024. Moreover, the market is witnessing a trend of surging adoption of drones for crop spraying. One of the prime factors aiding the agricultural drones market is the rising need for agricultural products, including fruits and vegetables, across the world. The demand for these products is increasing, owing to the substantial rise in the global population. For instance, as per the United Nations (UN), the population across the globe is projected to reach 9.7 billion by 2050 from 7.7 billion in 2019. To boost agricu...

The soaring number of network attacks and security breaches, owing to the rising penetration of the internet, is one of the key growth drivers for the market. Cyberattacks on businesses result in huge data and financial losses. Cybercriminals are hacking and stealing data from multiple sources in the workplace, such as IoT- and AI-enabled devices, which are associated with a centralized network.  Besides, the accelerating digitization rate in business organizations drives the global demand for network telemetry solutions, as the key factor allowing cybercriminals to prosper is the rising internet access. Another growth driver for the network telemetry market is the burgeoning demand for the optimization of the networking infrastructure, owing to the increasing internet traffic and surging need to solve downtime issues.  For example, when real-time data is transmitted to multiple locations through network devices, the server becomes unavailable for some time, thereby resulting ...

With the growing incidence of data thefts and frauds, the requirement for digital signatures is surging, especially in the banking, financial services, and insurance (BFSI) sector. Many companies operating in this sector are increasingly adopting the digital signature-based biometric technology for identifying and authenticating the signature of users. Moreover, this technology ensures that the users’ signature cannot be stolen and copied for any purpose. Additionally, the use of digital signature-based smartcards is also soaring in some developed nations, such as Germany and the U.S., for security purposes. Besides the aforementioned factor, the burgeoning requirement for eliminating paperwork is also propelling the worldwide demand for digital signatures, which is, in turn, driving the expansion of the global digital signature market . Owing to these factors, the revenue of the market is predicted to rise from $1,858.3 million in 2020 to $25,211.3 million by 2030. Furthermore, the ma...

The global LED lighting market revenue stood at $55,201.9 million in 2020, and it will surge to $152,442.3 million by 2030, exhibiting a CAGR of 10.7% from 2020 to 2030 (forecast period), as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the surging use of energy-efficient lighting solutions, falling costs of LED lights, and soaring infrastructure development activities across the world. With the governments of many countries, such as China, Indonesia, and India, actively focusing on infrastructure development and modernization, the requirement for LED lighting solutions and systems is surging sharply. Additionally, the governments of India, Singapore, China, Austria, and the U.A.E. are making huge investments in smart city development projects. For example, the Indian government has recently announced a smart city development project, under which, 100 cities all over the country will be transformed into smart cities b...

Factors such as the expanding gas pipeline network, flourishing automotive industry, and increasing installation of heating, ventilation, and air conditioning (HVAC) system are expected to steer the compressor market at a CAGR of 3.1% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $39.9 billion in 2019 and it is projected to reach $48.5 billion revenue by 2030. Moreover, the market is witnessing a trend of increasing preference for variable-frequency drives (VFDs) over gas turbines, owing to improved productivity, reduced noise, and accurate speed and process control exhibited by them. The rising installation of HVAC equipment, on account of the increasing construction of commercial and residential buildings and the mounting number of smart homes, is one of the major growth drivers for the market. Additionally, the soaring global temperature, on account of the excessive burning of fossil fuels and extensive use of chlorofluorocarbon ...

Rapid technological advancements in smart devices, such as iOS and Android mobile devices, set-top boxes, tablets, smart TVs, gaming consoles, laptops, and desktops, have resulted in the reduction of their prices, owing to which they are penetrating people’s lives at a significant rate. Customers can access over-the-top (OTT) content through these devices due to their ability to access high-speed internet. Thus, the rising penetration of smart devices owing to the soaring disposable income of people and the former’s reducing cost will attract more users toward OTT platforms. Moreover, the increasing deployment of the 5G network will help the OTT services market grow during 2021–2030. According to P&S Intelligence, the market generated $92 billion revenue in 2020. As 5G networks provide increased data speeds at a low cost, the commercial, entertainment, finance, and healthcare sectors are increasingly deploying them to meet their high-speed internet demand and use state-of-the-art ...

The major drivers for the green technology and sustainability market are the increasing focus on low-carbon electricity generation, rapid shift to renewable energy, volatility in the price of electrical power, favorable government initiatives, surging requirement to decrease operational costs, and swift adoption of building automation systems. As a result, the market revenue will increase from $8.3 billion in 2019 to $57.8 billion by 2030, at a 20.0% CAGR between 2020 and 2030. Green technologies are those that can be used to check the degradation of the environment. The burgeoning demand for renewable energy is the strongest driver for the market as renewable energy suppliers are using AI and other technologies to more accurately forecast weather patterns. Since the operation of solar and wind plants is directly dependent on weather, the usage of such technologies allows utilities to make better decisions on when to store most of the energy and when to sell it to the grid. This is ess...

The emergence of e-cigarette retail websites is driving the sales of e-cigarettes in South Africa. Moreover, with the rising penetration of the internet and the mushrooming usage of smartphones, many e-cigarette producing companies are increasingly focusing on marketing their products via online channels and promoting them via social media. Vape Africa, eCiggies Online Store, and VapeShop are some of the major online suppliers of e-cigarettes in the country.  Besides, the declining use of conventional cigarettes, rising public awareness about the negative health effects of tobacco smoking, and greater convenience and safety provided by e-cigarettes are also fueling their sales in South Africa. In addition, the implementation of various policies by the government, such as the surge in taxes and stricter regulatory control, is also propelling the sales of e-cigarettes in the country. Owing to the aforementioned factors, the popularity of e-cigarettes is soaring in South Africa, which...