Technology and Media Market Research Reports

    Social Commerce Industry Overview   The global social commerce market size was valued at USD 584.91 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 30.8% from 2022 to 2030.   Increased average time spent on social media platforms during a pandemic and the convenience of buying products online has facilitated market growth. The pandemic has highlighted the importance of staying connected and has enforced us to adapt and connect in new ways. By letting the customer checkout directly through social media platforms, social commerce eliminates excessive steps and helps streamline the buying process. As a result, the market is likely to gain traction owing to the growing inclination towards ease of product discovery and checkout. Moreover, a rising number of potential buyers from different social media platforms such as Facebook, Pinterest, Snapchat, and Instagram is also expected to support the market growth.   Social commerce,...

    IoT Device Management Industry Overview   The global IoT device management market size was valued at USD 1.48 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 34.2% from 2022 to 2030.   Growing emphasis on increasing operational efficiencies and managing connected devices is anticipated to drive market growth. Major players in the IoT industry are undertaking various initiatives, such as the formation of the Open Mobile Alliance (OMA), for standardizing protocols. This has also helped boost the growth of the industry. The outbreak of the COVID-19 pandemic has impacted all walks of life, including businesses from all the end-use industries. Government agencies and public sector organizations, IT, telecommunication, and healthcare invested heavily in IoT technology to deal with the unusual COVID-19 pandemic situation and obtain the best possible results in saving a life, energy, and money. Thus, growth in IoT investment during the...

    Agriculture Equipment Industry Overview   The global agriculture equipment market size was evaluated at USD 155.68 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030.   Increasing mechanization in the agriculture sector coupled with the surge in farmers’ income is expected to be a primary factor driving the growth. Favorable climatic conditions for food production and government support with loan waiver schemes for farmers of all income categories are also presumed to favor the market growth. Technologically advanced agricultural robotics, such as autonomous tractors and flying drones to help farmers produce food at low costs to fulfill the growing demand for food, are anticipated to be better prospects for market growth over the forecast period.   The COVID-19 outbreak caused a slight slump in the agricultural equipment market in 2020. The restrictions imposed by governments to curb the novel coronavi...

    Blockchain Technology Industry Overview   The global blockchain technology market size was valued at USD 5.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 85.9% from 2022 to 2030.   The market growth can be attributed to the increasing venture capital funding in blockchain technology companies. For instance, in May 2021, Circle Internet Financial Ltd., a blockchain technology provider, announced that it raised USD 440 million in funding from strategic and institutional investors. The company used this funding for organizational development and market expansion. The legalization of cryptocurrency in countries, such as Ukraine and El Salvador, is expected to create new opportunities for market growth.   Gather more insights about the market drivers, restrains and growth of the   Global Blockchain Technology Market   The legalization of cryptocurrency encourages businesses and investors to invest more in blockchai...

  Telecom API Industry Overview   The global telecom API market size was valued at USD 162.27 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 20.6% from 2022 to 2030.   Telecom API is used to operate web-based services such as banking, identity management, and cloud-based telecom software by compiling programming instructions and standard protocols. Telecom API provides cost-effective solutions by enhancing the system performance of existing web-based applications. These tools and communication protocols facilitate agility in mobile application developments as it allows the developers to focus on developing primary functions without a need to develop them from scratch. API has prominent applications in all the areas involving mobile applications and services such as voice & video calls, online mobile payments, messaging apps, and location tracking apps, among others.   With the increasing number of mobile service subscribers,...

  Contact Center As A Service Industry Overview The global contact center as a service market size was valued at USD 3.91 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 18.4% from 2022 to 2030. The market growth can be attributed to the rising adoption of advanced contact center technologies to maintain better business continuity and streamline customer interactions to provide higher customer satisfaction. Moreover, the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) technologies in contact center solutions is expected to create more demand for the contact center as a service (CCaaS) market over the forecast period. Gather more insights about the market drivers, restrains and growth of the   Global Contact Center As A Service Market Numerous players are developing cloud contact centers to enhance operational functionality and flexibility for users. For instance, in April 2020, ServiceNow announced the launch of the A...

  Leak Detection And Repair Industry Overview The global leak detection and repair market size was valued at USD 19.01 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2030. The market growth can be attributed to the increasing demand for leak detection and repair (LDAR) systems among utility companies worldwide due to their benefits, such as safety improvement, cost-saving, and environmental protection. LDAR systems also help oil and gas and petroleum companies make workplaces healthier by decreasing the risk of accidents caused due to explosions and fire outbreaks. Increasing developments in natural gas and petroleum infrastructure worldwide are also expected to drive market growth. Gather more insights about the market drivers, restrains and growth of the   Global Leak Detection And Repair Market Many gas emission monitoring companies use machine learning and Artificial Intelligence(AI) to detect leaks in their infrastruct...