ICT Market Research Reports

   The global Vector Database Market 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 machi...

  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, analyt...

  The global Web 3.0 Market is projected to grow from USD 0.4 billion in 2023 to USD 5.5 billion by 2030, at a CAGR of 44.9% during the forecast period. Web 3.0 signifies a profound shift toward a more decentralized and democratic Internet ecosystem. It has emerged as a prominent buzzword, reflecting the growing interest in restructuring online interactions. Unlike the current internet, Web 3.0 envisions a landscape where power and control are distributed among users through technologies such as blockchain and decentralized autonomous organizations (DAOs). This concept fosters greater individual agency and ownership of digital assets, challenging traditional centralized models. As Web 3.0 continues to gain traction, it promises to reshape online interactions, enabling a more equitable and user-centric internet experience . Decentralized applications to account for the largest market during the forecast period. Based on the application layer, the decentralized applications are...

  The Smart Water Management Market 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 segment i...

  According to a research report  " Smart Warehousing Market Size by Offering (Hardware, Software, Services), Technology (AI & Analytics, Robotics & Automation), Application (Inventory Management, Predictive Analytics), Warehouse Size, Vertical and Region - Global Forecast to 2028"  published by MarketsandMarkets, the smart warehousing market is projected to grow from USD 20.4 billion in 2023 to USD 40.5 billion by 2028, at a compound annual growth rate (CAGR) of 14.6% during the forecast period. The smart warehousing market is expected to grow significantly during the forecast period, owing to various business drivers like the emergence of multi-channel distribution networks, and the rising focus on green initiatives and sustainability to minimize waste. The dynamic nature and globalization of supply chain networks is also accountable for driving the market’s growth. By services, managed services to register for the highest CAGR during the forecast period...

  According to a research report  " Bare Metal Cloud Market by Service Type (Compute, Networking, Database, Security, Storage, Managed), Organization Size (Large, SMEs), Vertical (BFSI, Healthcare & Life Sciences, Manufacturing) and Region - Global Forecast to 2028"  published by MarketsandMarkets, the bare metal cloud market size is expected to grow from USD 8.5 billion in 2023 to USD 19.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period. The increasing influence of green data center popularity,  data center regulatory standards, cloud data traffic, and hyperscale computing’s rising position in big data analytics are driving the adoption of bare metal cloud services globally. By service type, the security services segment is expected to grow at the highest CAGR during the forecast period. Security services in a bare metal cloud environment are crucial for safeguarding data, applications, and infrastructure in a ded...

  According to a research report  " Global Identity Verification Market Growth  by Offering (Solutions and Services), Type (Biometric and Non-Biometric), Organization Size, Deployment Mode, Application, Vertical (BFSI, Retail & eCommerce, and Gaming & Gambling) and Region - Global Forecast to 2028"  published by MarketsandMarkets, the global Identity Verification market is projected to grow from USD 10.9 billion in 2023 to USD 21.8 billion by 2028 at a compound annual growth rate (CAGR) of 14.9% during the forecast period. Increasing regulatory requirements worldwide, such as KYC and AML mandates, compel businesses to adopt robust identity verification solutions, driving market growth. Compliance with stringent financial crime prevention and data protection regulations increases demand for advanced identity verification technologies across industries. By offering, the services segment to grow with the highest CAGR during the forecast period. Identity ver...

  According to a research report  " Smart City Market by Focus Area, Smart Transportation, Smart Buildings, Smart Utilities, Smart Citizen Services (Public Safety, Smart Healthcare, Smart Education, Smart Street Lighting, and E-Governance) and Region - Global Forecast to 2028"  published by MarketsandMarkets, the smart cities market is expected to reach USD 1,114.4 billion by 2028 from USD 549.1 billion in 2023, at a CAGR of 15.2 % during 2023–2028. The adoption of smart cities has witnessed a remarkable surge in recent years, driven by advancements in technology, growing urbanization, and increasing recognition of the benefits of smart solutions. Governments, businesses, and citizens increasingly embrace smart city initiatives to address urban challenges, enhance quality of life, and promote sustainability. This surge in adoption reflects a global trend towards more connected, efficient, and resilient urban environments. By smart building, commercial type is estimat...