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Showing posts with the label Information and Communication Technology

Smart Machines Market Holds Significant Growth Opportunities Supported by Advancements in Industry

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The smart machines market comprises robotics, autonomous vehicles, 3D printing, drones, and many advanced manufacturing technologies that are capable of operating autonomously with minimal human intervention. Smart machines find applications across industries, such as automotive, electronics & electrical, metal & machinery, pharma & cosmetics, food & beverages, and logistics. The ability of smart machines to automate error-prone and hazardous processes has increased their demand from manufacturers. Smart machines optimize operational efficiency by reducing downtime and human errors. The growing need to improve productivity and quality of production by automating processes is fueling adoption of smart machines across industries. The global smart machines market is estimated to be valued at US$ 165.43 Mn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the smart machines market size are O...

Virtual Data Room Market Growth Accelerated by Rising Adoption of Cloud Based VDRs

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Virtual data rooms, also referred to as VDRs, are secure online repositories that enable organizations to securely store and share confidential documents and information with external and internal collaborators. VDRs provide controlled and secured access to confidential or sensitive information while maintaining regulatory compliance. They help simplify due diligence processes during mergers & acquisitions. The global Virtual Data Room Market is estimated to be valued at US$ 4.31 billion in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising adoption of cloud based VDRs has been a key trend fueling the growth of the virtual data room market. Cloud based VDRs provide easy accessibility to crucial documents from anywhere and at any time. They eliminate the need for setting up hardware on-premises and reduce upfront costs for companies. They offer sim...

Digital Marketing Software Market Growth to Gain Momentum Owing to Increasing Online Advertising Spending

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Market Overview Digital marketing software facilitates advertising, social media marketing, search engine optimization, email marketing, content marketing, analytics, and more. It helps businesses connect with customers, gather insights, and measure success across various digital channels. The software enables businesses to build and maintain websites, design campaigns, manage social media, send emails to customers, and track results. Digital marketing is proving to be an essential tool for companies to increase their online visibility and drive website traffic. The global digital marketing software market is estimated to be valued at US$ 80.23 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the digital marketing software market are Alucol, HPL Stampings Inc., Kikukawa Kogyo Co., Ltd., Nihon Anodizing Co., Ltd, Pailian Aluminium, Prototech Asia, Saporito Finishing Co., Techmetals Inc., Tiodize, In...

Biohacking Market is Anticipated to Witness High Growth Owing to Increasing Adoption of Emerging Technologies

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Biohacking refers to the practice of altering one's own biology and physiology using technologies like gene editing and biosensors. It involves using technology including molecular biology and physiological hacking to gain more control over human biology. The biohacking market has applications in aging, brain enhancement, and diabetes treatment. Several factors like consumer demand for improved health and wellness, increased investment in the field of synthetic biology and biotechnology, and acceptance of human enhancement technologies are contributing to the growth of this market. The Global Biohacking Market is estimated to be valued at US$ 24845.67 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the Biohacking market size are PepsiCo Inc., Red Bull GmbH, The Coca-Cola Company, Danone SA, Monster Beverage Corporation, JAB Holdings Company, General Nutrition Centers Inc., The Hain Celestial Gr...

Battery Management System is Anticipated to Witness High Growth Owing to Growing Sales of Electric Vehicles

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A battery management system (BMS) is an electronic system that manages a lithium-ion battery (LIB), such as monitoring its state, balancing its temperature, calculating secondary data, controlling its environment, protecting it from abuse, and communicating with the rest of the system. The main function of a BMS is to prolong the battery pack's lifetime, ensuring the safe operation, maximizing the available energy, and providing appropriate control over charging and discharging. Global demand for electric vehicles such as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs) has risen substantially in recent times owing to growing environmental concerns and stringent emission norms worldwide. Battery packs used in electric vehicles require very precise monitoring and control which has led to increased demand for battery management systems. The Global Battery Management System Market is estimated to be valued at US$ 122.3 M...

India Meetings, Incentives, Conferences and Exhibitions Market Growth Accelerated by High Demand for Business Gatherings

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Meetings, incentives, conferences and exhibitions (MICE) provide organizations a platform to bring together individuals from different regions for business and networking purposes. The MICE industry in India offers comprehensive event planning and management services along with world-class infrastructure at venues across major cities. With growing international trade and investment in the country, the demand for business conventions, product launches, corporate off-sites and similar events has increased substantially. The India Meetings, Incentives, Conferences and Exhibitions Market is estimated to be valued at US$ 3.81 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of digital technologies by MICE operators has accelerated following the pandemic. Virtual and hybrid events allow organizations to continue business networking and training in...

The global Network Impairment Emulator Market Growth Accelerated by Increased Demand for Test Simulation

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Network impairment emulator (NIE) enables organizations to closely simulate real-world network conditions by deliberately altering parameters like bandwidth limitations, latency, packet loss, jitter and other factors. NIE devices are useful for testing applications, networks and services under different conditions before deployment. With the growing complexity of network infrastructures, there is increasing demand for simulation of diverse networking scenarios for testing resilience of modern applications. The global Network Impairment Emulator Market is estimated to be valued at US$251.14 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased demand for test simulation is one of the key trends driving the growth of network impairment emulator market. With many enterprises adopting digital technologies and modernizing their network infrastruc...

The global Presentation Software Market Growth Accelerated by Innovation in Cloud and Mobile Technologies

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Presentation software offers businesses a simplified way to create presentations, share content, and engage with audiences virtually. Features such as layout templates, animation effects, advanced charting options, and integrated collaboration tools make presentation software highly efficient for knowledge sharing and pitching. The global Presentation Software Market is estimated to be valued at US$ 6.8 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of cloud and mobile technologies has been a significant trend boosting the growth of the presentation software market. Presentation software providers are increasingly leveraging the cloud to offer users flexible access to their presentations from any device with an internet connection. They are also developing robust mobile apps for platforms like Android and iOS that allow users t...

The Global Smart Machines Market Growth Accelerated by Increasing Need for Automation

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Smart machines refers to machines embedded with sensor and software that can perceive their environment and take actions with some degree of autonomy in performing certain tasks. Smart machines are increasingly being adopted across various industries like manufacturing, transportation, healthcare, agriculture and others to automate processes and boost efficiency. For instance, smart robots are being used for welding, packaging and material handling in manufacturing plants. Similarly, autonomous vehicles use sensing technology like cameras, GPS and sensors to drive themselves without human intervention. The global Smart Machines Market is estimated to be valued at US$ 165.43 Mn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing need for automation across various industries is a major trend driving the growth of smart machines market. Traditi...

The global OKR Software Market is estimated to Propelled by increasing digital transformation

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OKR software help organizations establish clear objectives and define key results that are measurable, have deadlines, and are aligned with the overall goals of the organization. They help in goal management by providing transparency, accountability and continuous feedback. Such software also help track the progress of goals and results. The global OKR Software Market is estimated to be valued at US$ 1207.24 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing focus of organizations towards enhancing productivity of employees and streamlining goal management processes is a key trend driving the growth of the OKR software market. OKR software help organizations in closely monitoring the progress of various teams and departments towards the overall goals of the organization. They provide real-time visibility to managers on the achievement of...

The global self-storage market Growth Accelerated by Need of Safe and Convenient Storage Spaces

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Self-storage facilities provide safe, secure, and convenient storage spaces for both commercial and residential users to store their possessions. They are an affordable solution for users who need additional storage space without making long-term storage commitments. The global self-storage market is growing in response to trends like increased urbanization, growing mobility of residents, and downsizing of living spaces. The global self-storage market is estimated to be valued at US$ 55,843 million in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing popularity of self-storage facilities is being accelerated by the increasing need of safe and convenient storage spaces, especially in densely populated urban areas. As more people migrate to cities for education and jobs, living spaces have reduced in size making self-storage an attractive option. Use...

The global Telecom Power Systems Market Growth accelerated by increasing number of connected devices

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Telecom Power Systems are devices used to provide continuous power to telecommunication infrastructure and networks. They provide reliable power during commercial power outages and natural disasters ensuring uninterrupted voice and data connectivity. With the growing usage of smartphones, internet service and emergence of IoT, the number of connected devices has increased manifold. This has accelerated the demand for mobile networks and datacenters driving the need for efficient and robust telecom power systems. The global Telecom Power Systems Market is estimated to be valued at US$ 4187.04 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing number of connected devices is one of the major trends driving the growth of the telecom power systems market. As per reports, there were more than 10 billion connected devices in 2020. This number i...