Technology and Media Market Research Reports

  The global wires and cables market is poised for significant growth, with an estimated value of   USD 211.62 billion in 2023 . This market is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.1% from 2024 to 2030.   Key factors driving this growth include the rapid urbanization and infrastructure development worldwide. These developments have led to increased power and energy demands across commercial, industrial, and residential sectors.   The market is further fueled by substantial investments in upgrading power transmission and distribution systems and the development of smart grids. The implementation of smart grid technology addresses the growing need for grid interconnections, leading to increased investments in new underground and submarine cables.   Smart grids, characterized by their integration of controls, automation, computers, and innovative technologies, offer efficient electricity transmission. As the global population continues to grow, so does the dema

  The global contact center analytics market size was valued at   USD 1.40 billion in 2022   and is anticipated to expand at a compound annual growth rate (CAGR) of 19.7% from 2023 to 2030. The high demand for analytics among contact centers can be attributed to the benefits it offers, such as improved service quality and the ability to monitor service metrics from employee performance, call times, customer satisfaction, and efficiency. The growing use of social media platforms is also one of the major factors creating the demand for contact center analytics. Customer feedback posted on social media platforms through blogs, posts, and forums is analyzed using contact center analytics solutions, allowing companies to analyze social media content on a real-time basis.   This helps improve business processes and generate a competitive edge. At the same time, it helps companies understand the opinions expressed by the users, including the jargon, abbreviations, slang, and acronyms on socia

  The market for nanosatellites and microsatellites is experiencing rapid expansion, driven by the increasing demand for miniaturized satellites across various industries. This trend is evident in the significant growth rate projected for the market, with a compound annual growth rate (CAGR) exceeding 23.3% from 2022 to 2030.   The Rise of Miniaturized Satellites   The growing popularity of miniaturized satellites can be attributed to several factors. One key reason is the increasing accessibility and affordability of space technology. The development of smaller, more efficient satellites has made space exploration and utilization more feasible for educational institutions, businesses, and even individuals.   A Case Study: Japan's Epsilon Rocket   The launch of nine miniature satellites by a Japan-based Epsilon rocket in November 2021 serves as a prime example of this trend. This mission was specifically designed to encourage greater participation in space exploration by educationa

  The global greenhouse market, valued at  $25.48 billion in 2022 , is projected to grow at a rapid pace of 9.9% annually until 2030. Several factors are driving this growth, including rapid urbanization, increased adoption of modern farming techniques, and a rising global population leading to greater demand for food.   The decline in arable land worldwide has prompted a shift towards indoor agricultural practices, including greenhouse farming. Government interventions, such as subsidies, tariffs, and direct payments to growers, further support the market's growth.   Greenhouse farming offers numerous benefits, including protecting crops from severe weather through controlled environment agriculture technology. It enables increased production with reduced risks, year-round cultivation of crops like tomatoes, lettuce, and others, reduced food wastage, disease and pest prevention, prevention of agricultural runoff, and efficient cultivation in limited space. These advantages make gr

  Global Computer-Aided Engineering (CAE) Market   The  Computer-Aided Engineering (CAE) market  is undergoing a significant expansion, driven by several key factors. The outsourcing of manufacturing processes to emerging economies like China, India, and Russia has increased the demand for efficient engineering tools. CAE software offers substantial benefits by reducing the need for multiple physical prototypes and minimizing product recall issues. This leads to a significant reduction in prototyping costs and product recall strategies.   One notable trend is the growing use of Computational Fluid Dynamics (CFD) software to analyze temperature in battery modules. This application is crucial for extending battery life and performance, further driving market growth.   Shift to Cloud Computing   A major shift is occurring from on-premise computing to cloud-based solutions. Cloud computing offers cost advantages by eliminating the need for hardware purchases, software licensing, installati

  The global grow light market size was valued at   USD 4.23 billion in 2021   and is projected to expand at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. Growing urban cultivation, vertical farming and growing adoption of environment-friendly production of fruits and vegetables is boosting the growth of the market. The unprecedented growth of the global population has also increased the demand for urban agriculture. Furthermore, the practice of vertical farming for producing food in a vertically stacked-layer such as a used warehouse, skyscraper, or shipping container is boosting the market growth. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops (throughout a season). Growing awareness regarding the importance of alternative farming, owing to the les

The global hydroponics market size was valued at  USD 5.00 billion in 2023  and is expected to grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2030. The rapid growth in this sector is linked to the expanding utilization of hydroponic systems in the indoor cultivation of vegetables. Additionally, the increasing acceptance of alternative farming approaches for growing cannabis is experiencing a swift surge. This trend is propelled by the legalization of marijuana in various countries, including Canada, the Czech Republic, South Africa, and others. A growing awareness among consumers about the adverse effects of pesticides and artificial ripening agents on health is anticipated to fuel the demand for hydroponics. This is because hydroponic cultivation eliminates the necessity for such products, resulting in the production of nutritionally superior vegetables. Moreover, the low installation costs and operational simplicity of these systems are poised to further stimulate

  The global digital map market size was estimated at   USD 18.18 billion in 2022   and is expected to grow at a CAGR of 15.8% from 2023 to 2030. The growing use of technologies in map making, and surveying followed by the increasing adoption of digital map across several industry verticals is driving the growth of digital maps. Besides, the growing internet penetration and increase in connected devices such as tablets, smartphones, and interactive displays for the adoption of map-based applications are expected to accelerate in forthcoming years. Moreover, the ongoing shift from personal navigation devices to smartphones and consumer-centric applications is expected to drive growth over the forecast period. The industry is anticipated to exhibit a rapid integration of geomatics systems such as mapping, Global Positioning System (GPS), with imagery, and major players increasingly attempting to develop and launch multi-platform applications. Furthermore, the rapid speed at which the aut

  The global cloud managed services market size was valued at USD 102.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2023 to 2030. The growing emphasis on mobility and the requirement to focus on core business functions will drive market growth. Also, increasing demand for scalability and reliability will further elevate the demand for the services, enabling enterprises to scale up and down their operations by offering custom-made offerings to the available services. Enterprises are more concerned with IT cost reduction, which will fuel the demand in the future. Services offered on the pay-as-you-go model, where enterprises are charged for using resources, will enable enterprises to save on costs and provide flexibility.   Cloud-managed services have several other benefits, such as enhanced IT functionality and customized IT services. The availability of robust infrastructure will remain a key concern for service providers as uninterrup

  The global supply chain analytics market size was estimated at   USD 6.12 billion in 2022   and is anticipated to grow at a compound annual growth rate (CAGR) of 17.8% from 2023 to 2030. The supply chain analytics (SCA) market is growing in demand due to increased awareness of the benefits of SCA solutions, such as forecasting accuracy, supply chain optimization, waste minimization, and meaningful synthesis of business data. The increasing number of small & medium enterprises and their increasing expenditure on implementing analytics to hold a strong position in the market and compete against other market players are expected to boost the market growth over the forecast period. Supply chain analytics also helps businesses improve their ability to make decisions regarding technology adoption, organizational infrastructure, strategic relationships, and enterprise resource management. For instance, in April 2023, Accenture PLC completed the acquisition of EINR AS, a logistics soluti

  The global buy now pay later market size was estimated at   USD 6.13 billion in 2022   and is anticipated to grow at a compound annual growth rate (CAGR) of 26.1% from 2023 to 2030. The global buy now pay later (BNPL) transactions were estimated at over USD 200 billion in 2022. One of the main drivers is the aggregate preference among consumers for supple and suitable payment options. BNPL services enable customers to make purchases without immediate payment, providing greater financial flexibility and ease of burden from upfront charges. The increase in e-commerce has also played a significant role in driving the BNPL market’s growth. Consumers seek seamless and efficient payment methods as online shopping becomes more predominant. BNPL services integrate seamlessly into online checkout processes, enabling a swift and hassle-free payment experience. With the growth of e-commerce platforms and the widespread adoption of digital wallets, BNPL solutions have become an attractive option