Technology and Media Market Research Reports

  U.S. Transcription Industry Overview The U.S. transcription market size was valued at USD 25.98 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. Organizations generate an enormous amount of data to efficiently analyze business scenarios and gain valuable insights. Data accuracy is important for making business decisions. To ensure the accurate archiving of critical information, organizations are opting for transcription services. Gather more insights about the market drivers, restrains and growth of the  U.S. Transcription Market Human-based transcription services can assist businesses, government agencies, non-profit corporations, and government agencies in maintaining accurate records. They can also assist in improving staff training programs by giving written data and ensuring compliance with rules. In judicial procedures, proper transcribing can aid in the preservation of crystal-clear versions of court judgments. Thus,

  The global   3D printing market size   was valued at   USD 20.37 billion in 2023   and is expected to register a CAGR of 23.5% from 2024 to 2030. The aggressive research & development in three-dimensional printing and the growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace & defense, are expected to drive the growth of the market. The use of 3D printing in industrial applications is usually referred to as additive manufacturing (AM). Additive manufacturing involves a layer-by-layer addition of material to form an object, referring to a three-dimensional file, with the help of software and a 3-dimensional printer. A relevant 3D printing technology is selected from the available set of technologies to implement the process. The last step involves the deployment of this process across different industry verticals based on the necessity. The deployment includes providing installation services, offering co

  The global non-fungible token market size was estimated at   USD 26.9 billion in 2023   and is expected to grow at a compound annual growth rate   (CAGR) of 34.5%   from 2024 to 2030. non-fungible token (NFTs) are assets that have been tokenized via a blockchain. These unique cryptographic tokens that exist on the blockchain cannot be replicated, and they can represent individual identities, property rights, and more. The rising adoption of cryptocurrencies, growing traction around Web 3.0, metaverse, and decentralized finance, and increasing popularity of non-fungible token marketplaces are contributing to the market’s growth. Gather more insights about the market drivers, restrains and growth of the  Non-fungible Token Market The rising demand for low-cost digital currency payment systems is driving the adoption of cryptocurrencies. With the rising adoption of cryptocurrencies, investors are looking for ways to invest their cryptocurrencies/assets. NFTs provide such investors a med

  Legal Services Industry Overview The global legal services market size was estimated at USD 952.29 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The increasing adoption of advanced technologies and several macroeconomic factors including growing business competition, commoditization, varying economic growth trends, and Foreign Direct Investment (FDI). There is an emerging trend of businesses employing Alternate Legal Service Providers (ALSPs) for high-demand legal services such as contract management, document review, and litigation support. The law firms are also outsourcing non-revenue generating tasks, including business analysis, project management, and billing and expenses, to ALSPs. This trend will support the market growth in the upcoming years. Gather more insights about the market drivers, restrains and growth of the  Legal Services Market Furthermore, ALSPs are collaborating with Artificial Intelligence (AI) tec

The global digital twin market size was estimated at  USD 16.75 billion in 2023  and is projected to grow at a compound annual growth rate  (CAGR) of 35.7%  from 2024 to 2030. Digital twin technology is gaining traction owing to its potential to bridge the gap between the physical and virtual worlds. The global market is expected to grow significantly over the forecast period in line with the growing adoption of the Internet of Things (IoT) and big data analytics and the growing need to ensure cost-efficient operations, optimized processes, and reduced time to market. Moreover, digital twins would continue to evolve in line with innovations in virtual reality and augmented reality, thereby boosting the market's growth. Increasing public and private investments in digital transformation solutions are creating robust opportunities for market growth. Countries, such as the U.S., India, Australia, Brazil, Saudi Arabia, and South Africa, are significantly investing in digital transforma

  Air Quality Monitoring System Industry Overview The global air quality monitoring system market size was valued at USD 5.13 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. Rising levels of pollutants in the atmosphere and stringent government norms and regulations for monitoring pollution are likely to drive product demand. Moreover, in recent years, casualties have risen significantly due to respiratory diseases resulting from environmental pollution. This is expected to propel product demand subsequently. Gather more insights about the market drivers, restrains and growth of the  Air Quality Monitoring System Market Air pollution is a major threat to environmental balance. It significantly influences the atmosphere, resulting in acid rain, a rise in toxicity levels, and global warming. Increasing demand for work environment safety is leading to the rising adoption of air quality monitoring systems in manufacturing, automo

  Automated Material Handling Equipment Industry Overview The global automated material handling equipment market size was estimated at USD 61.04 billion in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030. The growing need for automation in various industries drives the market growth. Companies want to automate manufacturing processes to improve efficiency, reduce labor costs, and improve product quality. Material handling is a critical aspect of modern production systems, where the movement, storage, and protection of materials and products are essential for the efficient flow of operations. Gather more insights about the market drivers, restrains and growth of the  Automated Material Handling Equipment Market This process is integral to the manufacturing, distribution, consumption, and disposal of goods and impacts the system's overall performance. A well-designed material handling system can reduce labor costs, minimize equipment expenses, and improve product q

  Agricultural Tractors Industry Overview The global agricultural tractors market size was valued at 3,098.2 thousand units in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2030. The increase in demand for compact tractors on small farms and technical developments such as the integration of telematics with agricultural tractors are expected to drive growth. Furthermore, the quick adoption of mechanization is expected to be favorable for the market's expansion during the following eight years. Additionally, it is anticipated that the market will witness growth due to the migration of farm workers to cities, which would result in a labor shortage. Due to the brief production halt and supply chain disruption caused by the COVID-19 outbreak, product demand was impeded. Gather more insights about the market drivers, restrains and growth of the  Agricultural Tractors Market However, in H1 2022, the demand for tractors bounced back significantly

Distributed Fiber Optic Sensor Industry Overview The global distributed fiber optic sensor market size was estimated at USD 1.60 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2030. The rising need amongst enterprises and corporations to engage in effective sensing operations of their machine systems is offering market growth opportunities. The application of optic sensing has increased substantially across the various business sectors, including automotive, aerospace, civil, energy, and others. Other types of sensing technologies, such as Raman Effect-based and Rayleigh’s effect-based sensing, also have distinct operational capabilities. Gather more insights about the market drivers, restrains and growth of the  Distributed Fiber Optic Sensor Market The high functionality of Distributed Fiber Optic Sensor (DFOS) is encouraging more enterprises to invest in the technology and engage in R&D practices. This results in the development of new products, thereby