Posts

Showing posts with the label Information and communication Technology

Database Management System Market is Anticipated to Witness High Growth Owing to Increased Adoption of Advanced Business Analytics Solutions

Image
  The database management system market allows organizations to store, retrieve, delete, and manage database information using specialized software tools and applications. Database management systems (DBMSs) are used across various industry verticals for purposes such as data warehousing, data mining, transaction processing, business intelligence, and compliance management by offering capabilities such as data access control, integrity enforcement, concurrency control, and crash recovery. The growing requirement of businesses to manage large data volumes, perform advanced analytics, and gain insights to make strategic decisions has boosted the adoption of DBMS software. The Global Database Management System Market is estimated to be valued at US$ 64.7 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period from 2024 to 2030. Key Takeaways Key players operating in the Database Management System are Novo Nordisk, Sanofi, Eli Lilly, Biocon, Gan & Lee Ph...

Commercial Laundry Equipment Market is Anticipated to Witness High Growth Owing to Rising Demand from Commercial Sectors

Image
  The commercial laundry equipment market involves manufacturing and sales of laundry equipment used in commercial settings such as hotels, hospitals, and laundromats. Commercial laundry equipment includes washing machines, dryers, ironers, finishers, feeders, folders, and other industrial-grade machines capable of processing large volumes of dirty garments and linens. The commercial laundry equipment market is gaining widespread prominence due to the growing number of businesses that require regular cleaning of uniforms and linen items such as bed sheets, towels, and tablecloths. Hotels, hospitals, schools and other institutions typically have on-site commercial laundries for processing linens in bulk quantities. The laundry equipment used in these commercial laundries are more durable and designed to handle heavy loads as compared to domestic appliances. The Global commercial laundry equipment market is estimated to be valued at US$ 1.62 Bn in 2024 and is expected to exhibit a CA...

Location-Based Services Market is Anticipated to Witness High Growth Owing to Increased Adoption of Mobile Technology

Image
  The location-based services market involves a variety of services that leverage location data from mobile devices, vehicles or other connectivity platforms. These services are used in navigation, tracking, location-based advertising and alerts. With increased penetration of smartphones and other connected devices, use of location services has increased significantly. These services provide information to users about items or places of interest located nearby and help users find direction for reaching desired locations. The global location-based services market is estimated to be valued at US$ 44044.73 Bn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the location-based services are Saskatchewan Research Council (SRC); SC Labs; Steep Hill, Inc.; SGS Canada Inc.; CW ANALYTICAL; PharmLabs; GreenLeaf Lab; Eurofins Scientific. These players are investing in R&D to develop advanced location-based a...

The Game Engines Market is Expected to Witness High Growth Owing to Rising Adoption of Gaming Platforms

Image
  The game engines market has evolved as one of the most progressively growing markets globally. Game engines form the backbone of game designing and developing video games for various gaming platforms like PCs, consoles, mobile phones, and VR/AR devices. Game engines offer developers with a wide range of functionality saving development costs and time to market while also providing capabilities like cross-platform support and multiplayer experience. Some of the advantages of game engines include asset management, physics system, collision detection, animation system, audio system, networking among others. As video game development becomes more complex, the demand for robust game engines that simplify real-time rendering and physics simulation has increased substantially. The Global Game Engines Market is estimated to be valued at US$ 3.99 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the gam...

Racing Drones Market Poised for Strong Growth on the Back of Rising Popularity of Drone Racing

Image
  The racing drones market has witnessed tremendous growth in recent years owing to growing popularity of drone racing as a new and thrilling hobby as well as competitive sport. Racing drones, also known as racing quads or racing multicopters, are unmanned aerial vehicles equipped with strong and lightweight materials which make them capable of reaching high speeds suitable for drone racing. They have compact size frames made of durable materials like carbon fiber and come equipped with powerful motors and propellers to provide the required thrust to carry lightweight FPV payloads. Their agility, maneuverability and ability to reach top speeds have made them popular racing machines among drone racing enthusiasts across the globe. The global racing drones market is estimated to be valued at US$ 1.04 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period of 2024 to 2030. Growing interest of millennial population in adventurous recreational activities and comp...

Procurement Outsourcing: A Strategic Approach To Cost Reduction And Business Agility

Image
  Introduction In today's dynamic global business environment, companies constantly look for new ways to reduce costs, optimize operations and gain competitive advantages. Outsourcing non-core business functions has emerged as a popular strategic option adopted by many large organizations across industries. One such function that companies are increasingly outsourcing is procurement. This article explores the benefits of procurement outsourcing and how leading firms are leveraging it as a strategic tool for boosting productivity and building agility into their supply chain operations. What is Procurement Outsourcing? A procurement function typically encompasses activities like supplier selection, contract negotiations, purchase order processing, invoice reconciliation and vendor management. Procurement outsourcing refers to the practice of transferring some or all of these procurement related responsibilities to an external third-party service provider. The outsourcing partner ...

Healthcare Technologies Accelerating Telemetry Market Growth Owing to Remote Patient Monitoring

Image
       Telemetry is the process of measuring and wirelessly transmitting biometric data from remote or inaccessible sources. Telemetry systems capture biometric readings like heart rate, blood pressure, blood glucose levels etc. of patients from remote locations via wearable, connected medical devices. These devices transmit captured data to healthcare providers, allowing them to monitor patients' health status remotely. Telemetry finds wide usage in remote patient monitoring, homecare services, ambulatory cardiac monitoring and other areas. Remote patient monitoring via telemetry reduces hospital admissions and healthcare costs significantly by enabling early detection of adverse health conditions. The need for limiting direct contact amid pandemic further accelerated adoption of remote monitoring solutions. The Global Telemetry Market is estimated to be valued at US$ 173.39 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period of 2024 to 20...

Enterprise Resource Planning Market is Anticipated to Witness High Growth Owing to Growing Adoption of Cloud-Based ERP Solutions

Image
  Enterprise resource planning (ERP) refers to integrated software applications and related technology solutions that allow organizations to efficiently manage business processes and functions like procurement, supply chain, project management, human resource management and finance. ERP provides various advantages such as improved management of finances, human resources and supply chains along with enhanced accessibility of real-time data and business insights. With the growing digital transformation of businesses and increasing demand for centralized solutions to manage complex operations, the adoption of ERP solutions is witnessing significant growth. The Global enterprise resource planning (ERP) Market is estimated to be valued at US$ 53.99 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the Global Enterprise Resource Planning Market are WuXi AppTec, Inc., Lineage Cell Therapeutics, Inc., HEAL...

Machine Learning as a Service (MLaaS) Market Growth Accelerated by Adoption of MLaaS

Image
  Machine learning as a service (MLaaS) provides cloud-based APIs and tools for building, training, and deploying customized machine learning models without the need to hire data scientists or engineers to build internal infrastructures. MLaaS solutions allow easy implementation of cutting-edge machine learning techniques for intelligent applications across various industries like healthcare, finance, agriculture, retail, cybersecurity and more. The global MLaaS Market is estimated to be valued at US$ 11603.58 Mn in 2024 and is expected to exhibit a CAGR of 26.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rapid adoption of MLaaS across industries has accelerated the growth of the Global Machine Learning As A Service (Mlaas) Market Size over the past few years. MLaaS platform's ability to alleviate the complexities involved in building and deploying machine learning models on-premises has attr...

Smart Mining Market Growth Accelerated by Digitalization and Internet of Things (IoT) integration

Image
  With the increasing focus on improving productivity, safety, and operating efficiency, the demand for smart mining solutions is on the rise. Smart mining utilizes information and automation technology to monitor and optimize mine production and processes. It involves integrating sensors, mobility, cloud computing, artificial intelligence, and IoT solutions to gain real-time operational intelligence. This helps in remote tracking of equipment and workers, simulation of mining operations, real-time production optimization, and predictive maintenance of assets. The global Smart Mining Market is estimated to be valued at US$ 20.11 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Digitalization and integration of IoT is a key trend propelling the growth of the Global Smart Mining Market Size . IoT connects mining equipment, machinery, and workers using ...

Ethernet Switches and Routers Market Growth Accelerated by Increasing Network Bandwidth Requirements

Image
  Ethernet switches and routers help connect various network devices and route internet traffic between different networks. They provide a high-speed network infrastructure for organizations to transmit bandwidth-intensive files, videos, and applications across multiple locations. With the rapid growth in cloud and internet traffic driven by IoT, big data, and 5G networks, there is an increasing need for network devices that can accommodate higher internet speeds.The global Ethernet Switches And Routers Market is estimated to be valued at US$ 21.04 billion in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the Global Ethernet Switches And Routers Market Size is the increasing network bandwidth requirements. With the emergence of new technologies such as 4k/8K videos, augmented and virtual reality applications, healthcare wear...

The global Neuromorphic Chip Market Growth Accelerated by AI Integration

Image
  Neuromorphic chips are inspired by biological neural networks and are designed to work more power efficiently than conventional digital chips. They are able to perform highly complex tasks such as pattern recognition, classification, prediction and natural language processing for AI applications in a manner similar to the human brain. Neuromorphic chips find wide usage in applications such as robotics, autonomous vehicles, industrial IoT, smart healthcare and military & defense. The global Neuromorphic Chip Market is estimated to be valued at US$ 44.8 Bn in 2024 and is expected to exhibit a CAGR of 22% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The integration of AI and machine learning capabilities has accelerated growth in the Global Neuromorphic Chip Market Size . AI has witnessed rapid advancements over the past few years and is now being integrated into various industrial and cons...

Gun Lockers Market Growth Accelerated by Rising Self Defense Needs

Image
  Gun lockers provide secure and proper storage solutions for firearms. They come equipped with various security features like enhanced locks, firearm blocking mechanisms, and monitoring systems to restrict unauthorized access. Rising concerns over gun thefts and accidental shootings have increased the demand for such storage units. Gun lockers allow gun owners to securely store their weapons while meeting legal requirements. The global Gun Lockers Market is estimated to be valued at US$ 1.1 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the gun lockers market is the rising focus on self defense. According to a recent survey, nearly half of American households own a firearm mainly for self protection purposes. With rising crimes and security threats, more people are arming themselves for personal safety...

The global Green IT Services Market Growth Accelerated by Increasing Environmental Regulations

Image
  Green IT services help organizations measure and reduce their carbon footprint and environmental impact of IT usage. Such services provide solutions for data center virtualization, asset recovery, and recycling e-waste which help in energy conservation and reduce greenhouse gas emissions. The global Green IT Services Market is estimated to be valued at US$ 16.14 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing environmental regulations around the world are accelerating the growth of the green IT services market. Governments of various countries are imposing stricter regulations regarding carbon emissions from businesses. Companies are now required to report their carbon footprint and environmental impact. Green IT services help organizations comply with such regulations through solutions like improving energy efficiency of data centers, ...

EMEA Small Wind Turbines Market Growth Accelerated by Access to Renewable Energy Solutions

Image
  The EMEA small wind turbines market consists of small wind turbines primarily used for residential, commercial and industrial applications to generate clean renewable energy. Small wind turbines offer advantages such as easy installation and low maintenance costs. The global EMEA Small Wind Turbines Market is estimated to be valued at US$ 871 million in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2032, as highlighted in a new report published by Coherent Market Insights. Market key trends: Access to renewable energy solutions has been one of the key trends driving growth in the Global EMEA Small Wind Turbines Market Size . Many countries in the region have introduced supportive policies and incentive schemes to encourage adoption of distributed renewable energy technologies including small wind turbines. For instance, the United Kingdom offers financial incentives such as feed-in tariffs and renewable heat incentives to boost investments in sma...

Poultry Keeping Machinery Market Growth Accelerated by Rising Demand for Commercial Poultry farms

Image
  Poultry keeping machinery helps farmers efficiently breed, feed and house poultry including eggs and broiler chickens. Equipment like egg laying cages, feeders, drinkers and housing systems help optimize production output, resource use and poultry welfare. The global poultry keeping machinery market is estimated to be valued at US$ 5563.33 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising demand for eggs and chicken meat especially from the commercial poultry sector has been a key driver for the poultry keeping machinery market. Larger commercial poultry farms are adopting more sophisticated cage systems, feeders, drinkers and ventilation equipment to house thousands of birds. This allows for greater production economies of scale. Moreover, automated machinery requires lesser labor and can precisely control the poultry growing environment...