ICT Market Research Reports

  The report  " Blockchain AI Market Trends   by Technology (ML & NLP), Component (Platform/Tools & Services), Deployment Mode, Organization Size, Application (Smart Contracts, Payments, & Asset Tracking), Vertical (BFSI, Automotive, & Media), and Region - Global Forecast to 2025" , size is projected to grow from USD 228 million in 2020 to USD 703 million by 2025, at a Compound Annual Growth Rate (CAGR) of 25.3% during the forecast period. The increasing venture capital funding and growing investments in Blockchain AI technology to drive market growth. By component, the service segment to register the highest growth rate during the forecast period The services segment includes various services required to deploy, execute, and maintain the blockchain AI platform in an organization. These services include technology advisory and consulting, system integration and deployment, and support and maintenance. As the blockchain AI platforms adoption increases, ...

   The global Vector Database Market size is expected to grow from USD 1.5 billion in 2023 to USD 4.3 billion by 2028 at a CAGR of 23.3% during the forecast period. As AI and machine learning applications grow, vector databases are crucial in storing and querying high-dimensional data, such as embeddings from deep learning models. This trend will persist as AI and ML adoption expands. The vector database market is expanding, and vendors are adopting a strategic focus to attract customers. Vector databases are a powerful new technology well-suited for many applications. As the demand for machine learning and AI applications grows, vector databases will likely become even more popular. Vector databases are essential for many machine learning and AI applications, such as natural language processing, image recognition, and fraud detection; this is because vector databases can efficiently store and query large amounts of high-dimensional data, which is the type of data used in m...

  According to a research report  " Text to Video AI Market Trends  by Component (Software, Services), Deployment Mode, Organization Size, End User (Corporate Professionals, Content Creators), Vertical (Education, Media & Entertainment, Retail & eCommerce) and Region - Global Forecast to 2027"  published by MarketsandMarkets, the global text-to-video AI system market size is projected to grow from USD 0.1 billion in 2022 to USD 0.9 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 37.1% during the forecast period. Rise in demand for engaging videos in businesses is driving the growth of the text-to-video AI market. Consulting Services segment is estimated to lead the text-to-video AI market in 2022 Consulting services offer unique services that help businesses to realize how many opportunities come from implementing any AI solution into their business. Consulting services deal with complex inquiries and have numerous clients that demand constant ...

  The Smart Water Management Market size is expected to grow from USD 16.6 billion in 2023 to USD 28.2 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. Smart water management is the use of information and communication technologies (ICT) to improve the efficiency and effectiveness of water management. It involves collecting and analyzing data from water sensors and other devices to monitor water quality, quantity, and pressure. This data can then be used to make informed decisions about water management, such as allocating water resources, optimizing water distribution networks, and predicting and preventing leaks. The driving factors for smart water management are diverse and compelling. Concerns about water scarcity, aging infrastructure, and stringent environmental regulations motivate governments, utilities, and industries to adopt innovative solutions that optimize water resources and reduce waste. The professional services segme...

  According to a research report  " Cloud ERP Market  by Component (Solutions, Services), Business Function (Finance & Accounting, Sales & Marketing, Operations), Deployment Mode (Public Cloud, Private Cloud), Organization Size, Vertical and Region - Global Forecast to 2028"  published by MarketsandMarkets, the cloud ERP market size is expected to grow from USD 72.2 billion in 2023 to USD 130.5 billion by 2028 at a compound annual growth rate (CAGR) of 12.6% during the forecast period. Cloud ERP solutions are designed to facilitate integration with other software and services. They often include open APIs (Application Programming Interfaces) and connectors that make connecting the ERP system with a wide range of third-party applications relatively straightforward. This capability allows businesses to create a more comprehensive and interconnected technology ecosystem, integrating ERP with customer relationship management (CRM) systems, e-commerce platforms, a...

  The report  " Smart Space Market Forecast  by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025" , size is projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Increasing green building initiatives and environmental concerns to drive market growth. By component, the service segment to register the highest growth rate during the forecast period Services form an integral part of the software deployment and execution lifecycle. Services, including consulting, product support, updates, and maintenance, are required at various stages, starting from pre-sales requirement assessment to post-sales product deployment and execution, thus enabling the client to get better ROI. Smart space ...

  The  Fintech as a Service (FaaS) Market Trends  is expected to experience substantial growth, with projections indicating a rise from USD 310.5 billion in 2023 to USD 676.9 billion by 2028, exhibiting a compound annual growth rate of 16.9%, during the forecast period, according to a new report by MarketsandMarkets™. The growth of the FaaS market is driven by factors such as the emergence of cloud computing technology which will facilitate operational flexibility and scalability for businesses and increasing market demand for efficient compliance and regulatory solutions. Based on the Fintech as a Service market, the Payment segment is expected to hold the largest market share during the forecasted period Payments are essential to financial transactions, and virtually every business and individual requires payment capabilities. The payment segment encompasses various services, such as payment processing, digital wallets, peer-to-peer transfers, and mobile payments. The r...