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Scottbang261123 Jun, 2022Business
According to a new report published by Grand View Research, the need to eliminate the privacy issues associated with transmitting large amounts of data and issues related to latency and bandwidth, which reduce the data transmission capacity of an organization, are expected to drive the market growth over the next few years.
Scottbang261123 Jun, 2022Business
According to a new report published by Grand View Research, An increase in the number of data centers facilities worldwide is favoring the rapid growth in this space. Additionally, a gradual shift towards cloud services is creating demand for eco-friendly cooling technology.
Scottbang261113 Jun, 2022Business
The global buy now pay later market size was valued at USD 5.01 billion in 2021 and is expected to reach USD 39.41 billion by 2030, registering a CAGR of 26.0% over the forecast period. Buy Now Pay Later (BNPL) is a payment option that allows customers to make purchases online and at stores without having to pay the complete amount upfront. Factors fueling the growth of the market include digitization, increasing merchant adoption, the growing repeat usage among younger consumers, and the introduction of new players offering lending through BNPL services.
Scottbang261113 Jun, 2022Business
The global diesel generator market size was valued at USD 18.74 billion in 2021 and is expected to reach USD 38.53 billion by 2030, escalating at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The increasing demand for energy across the globe outstrips the supply. Factors such as continuous population growth, infrastructure development, and rapid industrialization in emerging economies are pacing the demand for power. Diesel generators have numerous advantages such as low operating costs and better fuel efficiency.
Scottbang261103 Jun, 2022Business
The global laser processing market size was valued at USD 17.48 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030. The market growth is attributed to the increased usage of lasers in medical devices and surgery applications. In addition, the rapid growth of nano-fabrication technology is expected to contribute to the growth of the global market.
Scottbang261103 Jun, 2022Business
The global digital twin market size was valued at USD 7.48 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 39.1% from 2022 to 2030. Production halts and supply chain disruptions during the COVID-19 pandemic led to the suspension of several other activities along the value chain of industries, such as aerospace, manufacturing, and automotive.
Scottbang261127 May, 2022Business
The global sports technology market size was valued at USD 11.70 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of 16.8% from 2021 to 2028. The rising adoption of emerging technologies, such as the internet of things (IoT) and data analytics, along with social media integration, across various sports, is expected to drive the market over the forecast period.
Scottbang261127 May, 2022Business
The global smart manufacturing market size was valued at USD 236.12 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.4% from 2021 to 2028. The industry is focusing on integrating innovation and efficiency, as manufacturing processes are maturing at a rapid pace. The industry is set to adopt smart manufacturing practices across various domains.
Scottbang261113 May, 2022Business
The global machine vision market size was valued at 13.23 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. The increasing demand for quality inspection and automation in different industrial verticals is likely to drive the market.
Scottbang261113 May, 2022Business
The global virtual reality market size was valued at USD 21.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. Virtual Reality (VR) is a digitally produced experience that simulates a three-dimensional environment in the real world.
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