Analyst report stories - Page 37

The military communications market is valued at US$ 43.09 billion in 2023, and with a CAGR of 10.5% through 2033, it is predicted to reach US$116.96 billion.

The market for ADAS calibration equipment is expected to reach $277.8 million by 2023, with sales forecasted to grow at a CAGR of 12.6%.

Swift digitization and inclusion of IoT devices in manufacturing and corporate spaces to plunge the automated test equipment market at US$23.76 billion by 2033.

With eCommerce and AI working together, sellers must plan for the integration of AI with both technology and company strategy in mind.

The growth in the market could be attributed to the increase in demand for fiber cable networks and fiber optic cable types.

Global biometric-as-a-service market projected to register a fast-paced CAGR of 22.4% from 2022 to 2032, according to Future Market Insights.

The global market for digital wound measurement devices is likely to reach US$3,293.3 million by 2033, expanding at 3.8% CAGR over the next ten years.

The market is estimated to thrive between 2021 and 2031 on the back of healthy demand from retail, eCommerce, logistics and manufacturing facilities.

The widespread availability of smartphones, personal computers, and internet service has driven the adoption of distance health technologies.

The report by Future Market Insights states that the network access control market is expected to reach a valuation of US$27,409.4 million by the end of 2032.

The digital substation market was valued at US$6.5 billion in 2021. It is expected to be US$14.11 billion by 2032, growing at a 7.3% CAGR from 2022 to 2032.

The nanotechnology for the food packaging industry is expected to increase by 15% from 2023 to 2033, due to advances in material science and technology.

The healthcare IT outsourcing solutions market will grow at a CAGR of 7.2% between 2022 and 2032, totalling around US$ 99,995.7 million by the end of 2032.

According to Future Market Insights, the computerised maintenance management market will reach US$4 billion by 2033, due to its asset management abilities.

The global medical rehabilitation robotics market is forecasted to expand at 15.2% CAGR to reach a market valuation of US$1.76 billion by the end of 2033.

The growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market.

The Smart Home as a Service market revenue was estimated at US$5.5 billion in 2021 and is anticipated to grow at a CAGR of 15.4% from 2022-2032.

Adoption is reaching its peak due to the new computing architectures' ability to fulfil the needs for data processing, transfer rates, and energy usage.

The global Internet of Things market is set to grow 19% in 2023, according to the latest IoT Enterprise Spending Dashboard and Tracker.

Eseye has announced that it has been positioned by Gartner as a Visionary in the 2023 Magic Quadrant for Managed IoT Connectivity Services Worldwide.