Computer-aided Engineering (CAE) market is anticipated to grow at a significant CAGR of 12.7%. CAE is used to simulate performance to improve product designs or assist in the resolution of engineering problems. This includes simulation, validation and optimization of products, processes, and manufacturing tools.
Next generation search engine market is anticipated to grow at a considerable CAGR of 14.5% during the forecast period. Next generation search engines are incorporated with new technologies, such as voice and image-based searches. They rely on machine learning (ML), semantic analysis and artificial intelligence (AI) capabilities to make information retrieval faster and easier.
Robotic process automation in BFSI market is anticipated to grow at a CAGR of 31.5% during the forecast period (2023-2030). Robotic process automation in BFSI can help to achieve organizations operational efficiency such as reduced manual errors, faster processing times, improved compliance, and enhanced customer experience.
3D secure payment authentication market is anticipated to grow at a CAGR of 10.2% during the forecast period (2023-2030). Advancements in 3D secure (3DS) payment authentication technology to enhance customer experience are propelling the market growth. The growing adoption of strong customer authentication (SCA) requirements under the payment services directive 2 (PSD2) is the key factor supporting the growth of the market globally.
Next generation network market is anticipated to grow at a CAGR of 12.5% during the forecast period (2023-2030). A next-generation network (NGN) is a packet-based network that can provide services including telecommunication services and can use multiple broadbands, and quality-of-service-enabled transport technologies. The growing adoption of next generation network with the improving software-defined Network (SDN) is the key factor supporting the growth of the market globally.
Robotic processing automation for healthcare market is anticipated to grow at a CAGR of 25.0% during the forecast period (2023-2030). Growing investments in healthcare from government and private organizations, adoption of advanced technologies such as AI/ML, the growing need for operational efficiency in the healthcare industry, and increasing disposable income drive demand for RPA for the healthcare market. RPA technology utilizes software to automate repetitive and rule-based tasks, including data manipulation and integration across various systems.
Environmental monitoring services market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. This is primarily owing to the rapidly expanding consumer awareness of rising pollution levels and strict government rules about tracking and reducing pollution. For instance, in January 2023, the Union Ministry for Electronics and Information Technology (MeitY) unveiled a new technology for the Air Quality Monitoring System (AI-AQMS v1.0) to monitor environment pollutants.
Retail cash management market is anticipated to grow at a CAGR of 14.5% during the forecast period (2023-2030). The market’s growth is attributed to security across to globe. Both consumers and businesses are very concerned regarding the security of their cash. Secure ATMs and intelligent safes can help assuage the anxieties. Accordingly market players are coming up with new products to cater the demand for new bank technology.
Elevator and escalator market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. The market growth is attributed to factors such as the increasing large and multi-story complexes, rising need for foot traffic management at public places such as malls, and rising popularity for energy-efficient escalators and elevators. Owing to this such factors the market players are launching a space-saving design, advanced technologies for the elevator and escalator market to cater to the growing demand and stay competitive in the region.
Next-generation communication devices market is anticipated to grow at a considerable CAGR of 20.0% during the forecast period. The market growth is attributed to factors such as the widespread adoption of 5G technologies, the increasing demand for Visible Light Communication/ Li-Fi, the growing deployment of Wireless Sensor Networks (WSN) in various industries, and the continuous development of other innovative communication technologies. A supportive government policy to boost advance communication technologies is anticipated to propel the market.
Portable total organic carbon (TOC) analyzer market is anticipated to grow at a considerable CAGR of 9.0% during the forecast period. The market for portable total organic carbon (TOC) Analyzer fuel is growing globally due to the increasing demand for sustainable and renewable energy sources. In addition, the increasing amount of waste produced globally has led to a greater need for waste management solutions that can convert waste into useful products.
Polythene disposable glove market is anticipated to grow at a CAGR of 9.8% during the forecast period. The key driving factor is the increasing stringency of safety and hygiene regulations across industries like healthcare, food processing, and pharmaceuticals. Regulatory bodies, such as the US Food and Drug Administration (FDA) and Health Canada, have mandated the use of disposable gloves to maintain hygiene standards and prevent contamination. Compliance with these regulations is fueling the demand for polythene disposable gloves in the market.
Organic waste treatment system market is anticipated to grow at a considerable CAGR of 9.0% during the forecast period. The global market for organic waste treatment system fuel is experiencing significant growth owing to the rising demand for sustainable and renewable energy sources. Additionally, the increasing global waste generation has created a pressing need for waste management solutions capable of converting waste into valuable products.
Greenhouse automatic control system market is anticipated to grow at a CAGR of 11.5% during the forecast period. One of the major driver for greenhouse automatic control system is the rising adoption for using climate-smart technologies and practices. Governments and private organizations alike are rising investment for ways to enhance climate-smart cultivation techniques such as using improved seeds and maximizing fertilizer usage.
Robotic camera systems market is anticipated to grow at a CAGR of 9.8% during the forecast period. The market growth is attributed to factors such as technical advancement and the growing demand for the digital camera to automatically shoot images of cutting tools’ edges at a high speed and high accuracy, while saving the graphic data of those images. Thus, the key players are also focusing on incorporating the automate visual inspections of cutting tools.
Distributed energy resource management system market is anticipated to grow at a significant CAGR of 15.5% during the forecast period (2023-2030). The distributed energy resource management system is a platform which facilitates distribution system operators to manage their grids that are mainly based on distributed energy resources (DER). Growing urbanization and significant electrification in rural areas are increasing the electricity consumption that generated the demand for reliable and efficient power source which can be delivered through smart grids.
Subscription billing management market is anticipated to grow at a CAGR of 15.8% during the forecast period. Subscription billing management allows users to set up the collection of recurring payments from customers. Subscription businesses constantly change their pricing models with new product rollouts, promotions, and trials. The subscription billing software allows users to make these changes along with maintaining the active billing and accounting systems that manage recurring revenue.
Digital process automation market is anticipated to grow at a CAGR of 12.8% during the forecast period. Digital process automation uses low-code development tools to automate processes that can span multiple applications. It focuses on fully or partially automating tasks involved in a variety of business practices that typically require some form of human interaction. The growing demand for low code automation platforms is expected to propel the market growth during the forecast period.
Cloud-based smart robotics market is anticipated to grow at a CAGR of 26.6% during the forecast period. Cloud-based smart robotics allows robots to benefit from the powerful computational, storage, and communications resources of modern data centers. The growing technological advancements in AI across the globe is expected to propel the growth of the market during the forecast period. According to the International Federation of Robotics, various new technologies such as AI, big data, and 5G,
Hospitality robots market is anticipated to grow at a CAGR of 24.6% during the forecast period. Service robots are gaining popularity in the hospitality industry. The need to provide contactless services to consumers such as robotic food ordering and delivery further accelerates the adoption of hospitality robots. For instance, in March 2022, Keenon's New Delivery Robot launched at iREX 2022 to transform the restaurant and hotel experience. iREX visitors will be able to have a close-up experience with Keenon's market-leading indoor delivery robots, including the new, compact, and lightweight delivery robot T8 in the Japanese market.
Automotive robotics market is expected to grow at a CAGR of 11.1 % during the forecast period. Industry 4.0 is transfiguring that focuses on the way companies are manufacturing, improving, and distributing their products. Manufacturers are integrating new technologies, including the Internet of Things (IoT), cloud computing and analytics, and AI and machine learning into their automotive production facilities and throughout their operations.
Robotics market is anticipated to grow at a CAGR of 18.1% during the forecast period. Robot installations across the globe are expected to propel the robotics market during the forecast period. The ongoing trend toward automation and rising next-generation technologies is expected to support market growth. For instance, according to the International Federation of Robotics, sales of industrial robots have reached a strong recovery. A new record of 4,86,800 units was shipped globally in 2021 – an increase of 27% compared to the year 2020.
The global mobile robotics market is anticipated to grow at an exponential CAGR of 20.2% during the forecast period. Mobile robotics is capable of moving around the surroundings. The increasing utilization of various mobile robots in cleaning and disinfection activities is driving the growth of the mobile robotics market across the globe. Thus, the rising demand and utilization of mobile robots in household activities have pushed various companies to enter the mobile robotics market.
The global sleep tech devices market is anticipated to grow at a significant CAGR of 16% during the forecast period. The rising burden of sleep disorders, including insomnia, narcolepsy, restless leg syndrome, sleep apnea, and parasomnias, globally is expected to have a major impact on the demand for sleep tech devices. According to a study conducted by the Sleep Foundation, between 10% and 30% of adults struggle with chronic insomnia every year. In addition, 15-30% of males and 10-30% of females are diagnosed with obstructive sleep apnea (OSA) in 2021.
The global 3D machine vision market is anticipated to grow at a significant CAGR of 9.8% during the forecast period. The factor that drives the global 3D machine vision market is the increasing demand for robotic guidance and automation. For instance, in July 2020, Stevanato Group introduced a modular, robotic inspection system that integrates artificial intelligence with accrued machine learning capabilities at its Interphex Virtual Exhibition. The company’s Vision Robot Unit (VRU) is a reliable, autonomous module efficient for automatically scanning both cosmetic and particle properties without human intervention.
The global RPA market is anticipated to grow at a significant CAGR of 31.6% during the forecast period. Cloud-based automation enables automation self-service, with intuitive drag-and-drop actions and visual flow charts empowering non-technical teams to automate on their own. Cloud RPA enables users to automate any process via a web-based interface accessed in their browser. The rising trend of cloud-based solutions is propelling the growth of the RPA market during the forecast period. For instance, in May 2022, UiPath introduced automation cloud robots alongside a wealth of other powerful new capabilities as a part of the UiPath 2022.4 platform release.
The global smart retail market is anticipated to grow at a significant CAGR of 26.1% during the forecast period. The growing deployment of IoT systems is the key factor contributing to the growth of the smart retail market during the forecast period. The IoT technology allows retailers to connect any electronic device, such as appliances, cell phones, laptops, and more, via an app or software linked with various sensors that track product inventory and consumer behavior. With IoT solutions, retailers can monitor, when their products sell in real-time and how much shoppers spend on average in-store by using smart POS terminals no matter how busy the location happens to be.
The global retail robotics market is anticipated to grow at a significant CAGR of 29.9% during the forecast period. Retailing is rapidly changing, especially among the brick and mortar industry. Furthermore, owing to the rise in COVID?19 infections, mobility changes, and other convenient buying options are driving retailers to accelerate change and adopt robots to enhance productivity. Several retail companies requires to change customer’s in?store experience, including aesthetics, convenience, and safety and security.
The global food traceability market is anticipated to grow at a significant CAGR of 9.2% during the forecast period. Food traceability is the ability to track a given food or ingredient from its point of production through processing, manufacturing, and transportation to retail and sale to consumer. The increasing awareness for safety regarding food consumed is expected to drive the market growth. Food traceability is becoming a must-have in the industry to mitigate and manage risk around food safety.
The global food robotics market is anticipated to grow at a significant CAGR of 12.6% during the forecast period. Robots in packaging reduce labor and safety costs while increasing throughput. Robots work at a high speed, thus increasing productivity and output. The increasing implementation of robot systems for packaging, palletizing, and more is significantly driving the growth of the market. In the article published by a New Food Magazine in April 2018, one of the egg-producing farms in Thailand has raised its productivity by 30% by using a robotic system that stacks heavy boxes and baskets of eggs onto pallets.
The global irrigation automation market is anticipated to grow at a significant CAGR of 19.5% during the forecast period. The automation of existing irrigation process makes the complete agricultural activities more efficient and supports the farmers to conserve water and energy.
The global financial supply chain management market is anticipated to grow at a significant CAGR of 12.8 % during the forecast period. The major factors driving the SCM market include demand for greater visibility and transparency in supply chain data and processes.
The global hyperscale data center market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. Hyperscale data center is designed with nodes that include small and individual servers to offer a large-scale computing architecture to deliver a significant solution including storage, computing, and networking processes.
The global finance lease market is anticipated to grow at a significant CAGR during the forecast period. The global finance leasing market is expected to be driven by rising demand for expensive machinery, equipment, and other critical assets from incumbents in industries such as healthcare, construction, and IT & telecom.
The global PlayStation network market is anticipated to grow at a significant CAGR during the forecast period. The market is being driven by increased demand for PlayStation Network. The increasing disposable income, people's preferences, technological development, and the convenience of the PlayStation network are all contributing to the market's growth.
The global application container market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing adoption of cloud-based computing systems and the increasing use of the Internet of Things (IoT) will fuel the further demand for the market during the forecast period.
The global payment processing solutions market is expected to grow at a significant CAGR during the forecast period. The major factors driving the growth of the global payment processing solutions market include the high penetration of smartphones and the internet and rising investment in online payment solutions globally.
The US next-generation mobile backhaul networks market is projected to have a considerable CAGR during the forecast period. Benefiting from the usage of the high-frequency band, utilizing part of the large available bandwidth for wireless backhauling is feasible without considerable performance sacrifice.
The global quantum cryptography market is estimated to witness potential growth during the forecast period. The major factors contributing to the market growth include rising investment in cybersecurity and increasing adoption of advanced security solutions.
The global automated fare collection system market is projected to grow at a significant CAGR during the forecast period. The contactless end-to-end solution for the collection of fare and alternate solutions for the traditional ticketing system is the automated fare collection system.
The global large caliber ammunition market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. The major factors leading to increasing demand for large caliber ammunition include rising military spending and significant terrorist activities and political tension between countries.
The global livestock management market is projected to grow at a CAGR of over 10% during the forecast period. The factors that are propelling the growth of the market include the increasing population of cattle, sheep & goats, and horses, among others. Increased focus of farmers towards the adoption of livestock monitoring and the detection of various diseases in them further drives the market growth.
US
augmented reality (AR) market is estimated to grow at a CAGR of more than 36.7%
during the forecast period 2019-2025. The major factor that contributes towards
the growth of the AR market in the US includes the rising awareness among
people regarding AR technology. There are many sectors in the US including
military, automobile, enterprises, and so on which are actively exploring AR
technology.
UK
augmented reality market is estimated to grow significantly at a CAGR of 36.5%
during the forecast period. AR is one of the key emerging technologies in the
market as it is developing at a rapid pace. The technological developments make
AR applications more accessible to consumers as well as businesses.
North
American augmented reality market is estimated to grow significantly at a CAGR
of 36.8% during the forecast period. The major augmenting factors for the
market include the presence of major market players including Apple Inc.,
Microsoft Corp., and Thales Group, and so on in the region.
Germany
augmented reality market is estimated to grow significantly at a CAGR of more
than 34% during the forecast period. The major reason for this significant
contribution by the country in the AR market is its high adoption in medical
applications. A clinic in Germany started experimenting in November 2017 with an application using AR on
iPads in the operating rooms.
European
augmented reality market is estimated to grow significantly at a CAGR of more
than 36.5% during the forecast period. AR is one of the key emerging
technologies in the market as it is developing at a rapid pace.
China
augmented reality market is estimated to grow significantly at a CAGR of 40.4%
during the forecast period. The rising awareness among the end-users and the
increasing adoption of AR technology for different applications such as
entertainment, automotive, healthcare, telecommunication, infrastructure in
public and private sectors are among the major factors that contribute towards
the growth of the AR market in China.
Asia-Pacific
augmented reality (AR) market is estimated to grow significantly at a CAGR of
39.4% during the forecast period. Increasing adoption of AR for different
applications such as entertainment,
automotive, healthcare, telecommunication, infrastructure in public and
private sectors is one of the major factors that contribute towards the growth
of the AR market in the Asia-Pacific region.
The hyperscale data center market is anticipated to grow at a CAGR of 21.5% during the forecast period. Hyperscale data centers are advanced data centers that are customized for the requirement of the organization. The factors such as demand for higher energy efficiency, need for decrease in total cost of ownership and growing open compute project are fuelling the growth of the hyper-scale data center industry.
The global packaging machinery market is anticipated to grow at a considerable CAGR of 4.7% during the forecast period. Some crucial factors encouraging the growth of the global packaging machinery market include a significant rise in the food and beverage industry and emerging demand for advanced packaging machinery. For instance, as per Food Drink Europe, the food and drink industry are a major contributor to Europe’s economy. In April 2022, the food and drink industry generates $1.2 trillion in turnover with a value added of $259 billion making it the largest manufacturing sector in Europe and a major contributor to Europe’s economy.
The global machine learning as a service market is expected to witness a significant growth rate with the CAGR of 35% during the forecast period.
The global payment
processing solutions market is expected to garner significant growth over the
forecast period. Factors such as high penetration of smartphones, various
government initiatives for the promotion of digital and online payments across
the globe, and significant investment in online payment solutions globally are
driving the market growth.
Microencapsulation is an effective process for the
protection of the encapsulated active agent in order to preserve the
original taste, odor, color, and other biological and chemical
characteristics. Through microencapsulation, companies provide a coating
for various pharmaceutical and food products which are vulnerable to
degrade with environmental conditions. Microencapsulation process is
widely used in various industries
Deep learning technology is a part of machine learning
which is based on artificial neural networks. The technology is a set of
instructions programmed in order to achieve human brain alike
operations through machines. Deep learning platforms are being developed
based on the technology used for various devices such as IoT,
autonomous vehicles, and others. Some of the major instances of deep
learning assisted devices include driverless cars
The white box server is considered as computer hardware which is used with a personal server or computer without having a well-known brand name. The white box server can also be related to various systems assembled by comparatively smaller system integrators and also to home build computer systems which are assembled by the end-users at the floor.
The global waterjet cutting machine is projected to grow at a CAGR of 5.1% during the forecast period. A waterjet cutter is an industrial tool used in cutting a wide variety of materials by the use of a very high-pressure jet of water.
The Packaging Machinery market is projected to witness a steady growth rate of over 5.2% during the forecasted period 2016-2022. Rising demand for packaged food & beverages and growing adoption of automatic machinery are the key forces driving the global market.