Analyst report stories - Page 37

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.

The demand for UCaaS is rising as businesses around the globe are looking to have more unified communications capabilities.

The industry will grow from its expected USD $42.09 billion market share in 2023 to an estimated USD $170.31 billion market share by 2033.

The downturn in 2022 was brought on by difficult year-over-year comparisons following the market's dramatic growth during the first two years of the pandemic.

Worsening macroeconomic conditions have led to a reduction in the outlook for global smart home device shipments according to IDC.

Frost & Sullivan has named Vonage Asia Pacific Communications Platform as a Service (CPaaS) Company of the Year for a record-breaking fourth consecutive year.

Predicted to reach an estimated US$1340.3 million in 2022, the target market is likely fuelled by rising cyber security threats, the researchers state.

Worldwide spending on augmented reality and virtual reality is forecast to reach $13.8 billion this year and grow to $50.9 billion in 2026.

Genesys ranked highest in innovation and growth for its artificial intelligence (AI) and digital capabilities to improve both CX and EX.