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Showing posts from January, 2024

Digital Workplace Market Share, Growth Prospects and Key Opportunities by 2026

  The report " Digital Workplace Market Growth   by Component (Solutions [Unified Communication and Collaboration, Unified Endpoint Management, Enterprise Mobility and Management] and Services), Deployment, Organization Size, Vertical, and Region - Global Forecast to 2026 " The global digital workplace market size is expected to grow from USD 22.7 billion in 2020 to USD 72.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.3% during the forecast period. Key factors that are expected to drive the growth of the market are the cost optimization and improved productivity and availability of new technology and tools. However, lack of thought leadership among organization and clear and defined Return on Investment (ROI) are expected to limit the market growth. Apart from drivers and restraints, there are a few lucrative opportunities for digital workplace providers in the market. Increasing adoption of cloud and enterprise mobility services among enterprises and incre...

Decision Intelligence Market Share, Growth Prospects and Key Opportunities by 2027

  According to a research report  " Decision Intelligence Market Growth  (Platforms, Solutions (Integrated & Standalone), and Services), Deployment Type (Cloud, On-premises), Organization Size, Vertical (BFSI, Healthcare & Life Sciences, and Retail & eCommerce) and Region - Global Forecast to 2027"  published by MarketsandMarkets, the decision intelligence market is projected to grow from USD 10.0 billion in 2022 to USD 22.7 billion by 2027, at a CAGR of 17.8% during the forecast period. Employing decision intelligence that promotes automation without undervaluing the importance of human judgement, expertise, and instinct, businesses are persistently working to increase the efficiency of their day-to-day processes and eliminate biases. By utilizing data analytics, ML, and AI for better decision-making, decision intelligence helps businesses accomplish more with less. On-Premises segment to account for higher CAGR during the forecast period The Decisio...

NLP in Healthcare and Life Sciences Industry Share, Growth Prospects and Key Opportunities by 2028

  According to a research report  " NLP in Healthcare & Life Sciences Industry  by Offering, NLP Type (Statistical, Neural), NLP Technique (Sentiment Analysis, Topic Modeling), Application (Clinical Trial Matching, Clinical Decision Support), End User and Region - Global Forecast to 2028"  published by MarketsandMarkets, the global market for NLP in Healthcare & Life sciences market is projected to grow from USD  2.7 billion in 2023 to USD 11.8 billion by 2028, at a CAGR of 34.4% during the forecast period. NLP transforms healthcare by decoding text data, empowering efficient patient care. It aids healthcare staff in decision-making, medication management, and precise record-keeping by smartly analyzing medical information. NLP fosters evidence-based practices and encourages patient involvement in their healthcare journey. Its growth signifies improved treatments, streamlined workflows for healthcare professionals, and a more informed patient community. ...

3D Imaging Market Share, Growth Prospects and Key Opportunities by 2028

  According to a research report  " 3D Imaging Market  by Component (Hardware (3D Cameras, 3D Sensors, 3D Scanners), Software (3D Modeling Software, 3D Scanning Software), Services), Technology (Stereoscopic Imaging, Laser-based Imaging), Vertical and Region - Global Forecast to 2028"  published by MarketsandMarkets, The global market for 3D Imaging market is projected to grow from USD 34.3 billion in 2023 to USD 88.4 billion by 2028, at a CAGR of 20.8% during the forecast period. The evolution of 3D imaging has transformed its capabilities, offering viewers an immersive, depth-enriched experience. Advancements such as 3D displays and image sensors have revolutionized it, providing high-resolution visuals. This advancement fuels the widespread adoption of 3D imaging technology across various industries. The 3D imaging market, ever-evolving, shows promising growth prospects. Anticipated expansion is driven by rapid adoption in the manufacturing, media, architecture, c...

IT Service Management (ITSM) Market Size, Share, Growth Prospects and Key Opportunities by 2028

  According to a research report  " IT Service Management (ITSM) Market  by Offering (Solutions (Change & Configuration Management, Operations & Performance Management) and Services), Deployment Model, Organization Size, Vertical and Region - Global Forecast to 2028",  published by MarketsandMarkets, the ITSM market size is expected to grow from USD 10.5 billion in 2023 to USD 22.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period. With the increasing adoption of cloud-based technologies, there are now more opportunities for cloud-based ITSM vendors. Organizations want to obtain IT services externally at a cost that aligns with their usage of IT services rather than building and maintaining these services on-premises. Large enterprises opt for cloud-based ITSM solutions to better manage their IT resources and align their IT services with real-world business needs. By solution, Service Desk Software will grow at the ...

Smart Cities Market Size, Share, Growth Prospects and Key Opportunities by 2027

  The Global Smart Cities Market is expected to grow from USD 511.6 billion in 2022 to USD 1024.4 billion by 2027, at a CAGR of 14.9% during the forecast period. The smart cities market is growing due to the rising need for public safety and advanced communication infrastructure, growing adoption of connected and smart technologies, rising energy optimization requirements, and intensifying citizen engagement. By smart transportation solution, passenger information management is expected to register the fastest growth rate during the forecast period. The passenger information system is an important link between passengers and transit service providers and keeps travelers updated quickly and precisely. It focuses on the current location of the bus, estimated arrival time and departure time, and vacant seats and keeps the passenger updated. It is an electronic operating tool that provides its passengers with, at any given time, visual and acoustic information to passengers on a r...

IoT in Manufacturing Industry Strategy and Remarkable Growth Rate By 2026

  According to a research report  " IoT in Manufacturing Industry  by Component (Solutions (Network Management and Data Management) and Services (Professional and Managed)), Deployment Mode, Organization Size, Application, Vertical (Process and Discrete) and Region - Global Forecast to 2026"  published by MarketsandMarkets, the global IoT in Manufacturing Market size to grow from USD 50.0 billion in 2021 to USD 87.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period. The presence of various key players in the ecosystem has led to competitive and diverse market. IoT in manufacturing is a technique of digital transformation that the manufacturing companies adopt for their efficient working of machines and their employees. This employs a network of sensors to collect critical production data and cloud and analytics software are used to convert these data collected to useful information for effective decision-making about the man...

Platform as a Service Market Innovations, Technology Growth and Research -2026

  According to a research report " Platform as a Service Market Analysis  by Type (APaaS, IPaaS, DBPaaS), Deployment (Public and Private), Organization Size (Large Enterprises and SMEs), Vertical (Consumer Goods and Retail, BFSI, Manufacturing), and Region - Global Forecast to 2026" , size is expected to grow from USD 56.2 billion in 2020 to USD 164.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. Key factors that are expected to drive the growth of the market are the increasing need to reduce time to market and cost of application development and focus on streamlining application management. However, cloud washing hindering the growth of PaaS, and security concerns related to the adoption of public cloud are expected to limit the market growth. Apart from drivers and restraints, there are a few lucrative opportunities for PaaS providers in the market. The rapid development of the mobile app ecosystem and the emergence of video c...