Technology and Media Market Research Reports

    The global pressure sensor market size is expected to reach  USD 26.37 billion by 2030 , registering a CAGR of 4.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing product demand in the automotive sector in applications, such as the measurement of oil pressure in power steering, intake manifold pressure, and fuel pressure measurements in tanks. Moreover, the development of new materials and sensing technologies have made pressure sensors more compact and more cost-effective, which is driving their demand in the market, thereby propelling the market’s growth.   Nemours companies are focusing on launching new products that are further expected to offer lucrative growth opportunities for the market players over the forecast period. For instance, in November 2022, Melexis, a global microelectronics engineering company, announced the launch of its new series of integrated pressure sensors....

  The global digital transformation market size is anticipated to reach   USD 4,617.78 billion by 2030   and it is projected to grow at a CAGR of 27.6% from 2024 to 2030, according to new report by Grand View Research, Inc.Digital transformation assists companies in improving their brand reputation, customer experience, and customer retention ratios. These solutions also help end-user companies in education and training their employees to improve their productivity and speed up the organization’s journey to achieve business objectives. Furthermore, with the implementation of digital transformation solutions, organizations can meet the evolving market needs and improve their business profitability. Further, the market growth is particularly driven by rising companies’ investments in big data, mobility, and cloud technologies to develop advanced Digital Experience Platforms (DXPs).   Gather more insights about the market drivers, restrains and growth of the  Globa...

  The global image recognition market size was valued at  USD 53.3 billion in 2023   and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2030. Image processing and recognition have evolved with numerous powerful applications, such as security and surveillance, and medical imaging that have created a great value from a business perspective. Functions of figure identification, such as facial or object recognition, visual geolocation, barcode reading, and automated driver assistance, among other industrial automation-related functions, have demonstrated the versatility of this technology. When combined with AI, this technology has begun to create valuable growth opportunities in several verticals, such as gaming, social networking, and e-commerce. For instance, Twitter and Facebook, two major platforms in the world of social networking, have benefited from the technology in terms of audience engagement as they have created a more connected ...