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Press Releases from MarketsandMarkets™ (1508 total)

Catalog Management Systems Market worth $1.9 billion by 2026

According to a new market research report "Catalog Management Systems Market with COVID-19 Impact by Type (Product Catalogs and Service Catalogs), Component, Deployment Type, Organization Size (Large Enterprises and SMEs), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size expected to grow at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period, to reach USD 1.9 billion by 2026 from USD 1.2

Video Conferencing Market predicted to obtain $22.5 billion by 2026

According to a new market research report "Video Conferencing Market by Component (Hardware, Solutions, and Services), Application (Corporate Communication, Training and Development, and Marketing and Client Engagement), Deployment Mode, Vertical, and Region - Global forecast to 2026" published by MarketsandMarkets™, the market size expected to grow from USD 9.2 billion in 2021 to USD 22.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.7% during the

Education ERP Market predicted to obtain $25.2 billion by 2026

According to a new market research report "Education ERP Market With Covid-19 Analysis by Component (Software, Services), Deployment Type, End User (K-12, Higher Education), Application (Student Management, Academic Management, Finance & Accounting Management), Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 12.7 billion in 2021 to USD 25.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.7% during

Passenger Information System Market will reach to $41.0 billion by 2026

According to a new market research report "Passenger Information System Market by Component (Solutions and Services), Location (On Board and In Station), Transportation Mode (Railways (Trains and Trams), Roadways, and Airways and Waterways), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 24.1 billion in 2021 to USD 41.0 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 11.2%

eDiscovery Market will reach to $12.9 billion by 2025

According to a new market research report "eDiscovery Market by Component (Software (Processing, Review and Analysis, Identification, Preservation and Collection, and Production and Presentation) and Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the eDiscovery market size expected to grow from USD 9.3 billion in 2020 to USD 12.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.6% during

5G Core Market revenues to gain $9,497 million by 2025

According to a research report "5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region - Global Forecast to 2025", published by MarketsandMarkets, the global 5G core market size is projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth

Identity and Access Management Market predicted to obtain $24.1 billion by 2025

According to a new market research report "Identity and Access Management Market by Component (Solutions and Services), Solutions (Data Storage, Identity Lifecycle Management, Authentication, and Verification), Organization Size, Deployment Mode, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the IAM market size is projected to grow from USD 12.3 billion in 2020 to USD 24.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.5%

Simulation Software Market revenues to top $26.9 billion by 2026

According to a new market research report "Simulation Software Market by Component (Software (FEA, CFD), Services), Deployment (Cloud, On-premises), Application (Product Engineering, R&D, and Gamification), Vertical (Automobile, Healthcare and Pharmaceuticals), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the global Simulation Software market size expected to grow from USD 12.7 billion in 2020 to USD 26.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.2%

COVID-19 Impact on Cloud Computing Market worth $295 billion by 2021 | Marketsan …

The impact of COVID-19 on the "COVID-19 Impact on Cloud Computing Market by Service Type (Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS)), Vertical and Region - Global Forecast to 2021" published by MarketsandMarkets™, the market size expected to grow from USD 233 billion in 2019 to USD 295 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.5% during

Blockchain Market may reach to $39.7 billion by 2025 at CAGR of 67.3%

According to a new market research report "Blockchain Market by Component (Platform and Services), Provider (Application, Middleware, and Infrastructure), Type (Private, Public, and Hybrid), Organization Size, Application Area (BFSI, Government, IT & Telecom), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from $3.0 billion in 2020 to $39.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025. Major

Covid-19 Impact on Internet of Things (IoT) Market revenues to gain $243 billion …

According to a new market research report "Covid-19 Impact on Internet of Things (IoT) Market by Components (Software Solutions, Platforms, Services), Vertical (BFSI, Healthcare, Manufacturing, Retail, Transportation, Utilities, Government & Defense) and Region - Global Forecast 2021" published by MarketsandMarkets™, the market size expected to grow from USD 150 billion in 2019 to USD 243 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast

Oilfield Communications Market predicted to grow $4.5 billion by 2025

According to a new market research report "Oilfield Communications Market by Component, Communication Network (VSAT Communication Network, Fiber Optic-based Communication Network, Microwave Communication Network), Field Site, Application, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the oilfield communications market projected to grow from USD 3.4 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 5.5% during the forecast period. Various factors such as rising

A2P Messaging Market predicted to gain $72.8 billion by 2025

According to a new market research report “A2P Messaging Market by Component (Platform and A2P Service), Application (Authentication, Promotional and Marketing, and CRM), Deployment Mode, SMS Traffic (National and Multi-Country), End User, and Region - Global Forecast to 2025” published by MarketsandMarkets™, the global A2P messaging market size to grow from USD 62.1 billion in 2020 to USD 72.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of

Retail Analytics Market will grow to $11.1 billion by 2025 at 21.2% CAGR

According to a new market research report “Retail Analytics Market by Application (Merchandising Analysis, Customer Analytics, and Promotional Analysis and Planning), Business Function (Finance and Operations), Component, Organization Size, End User, and Region - Global Forecast to 2025” published by MarketsandMarkets™, the Retail Analytics Market size to grow from USD 4.3 billion in 2020 to USD 11.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.2% during

Agriculture Analytics Market extrapolated to reach $1.4 billion by 2025

According to a new market research report “Agriculture Analytics Market by Application Area (Farm Analytics, Livestock Analytics, and Aquaculture Analytics), Component (Solution and Services), Farm Size (Small, Medium-Sized, and Large), Deployment Type, and Region - Global Forecast to 2025” published by MarketsandMarkets™, the agriculture analytics market size expected to grow from USD 0.8 billion in 2020 to USD 1.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of

Edge AI Software Market will grow to $1,835 million by 2026

According to a new market research report “Edge AI Software Market by Component (Solutions and Services), Data Source, Application (Autonomous Vehicles, Access Management, Video Surveillance, Remote Monitoring and Predictive Maintenance, and Telemetry), Vertical, and Region-Global Forecast to 2026”, published by MarketsandMarkets™, the Edge AI Software Market size to grow from USD 590 million in 2020 to USD 1,835 million by 2026, at a Compound Annual Growth Rate (CAGR) of

Voice Assistant Application Market expected to gain $5.2 billion by 2024

According to a new market research report "Voice Assistant Application Market by Component (Solutions and Services), Deployment Mode (Cloud and On-premises), Application (Web Application, Mobile Application, and Devices), Organization Size, Vertical, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the global voice assistant application market size is expected to grow from USD 1.3 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate

Procurement as a Service Market predicted to grow $7.8 billion by 2024 | Markets …

According to a new market research report "Procurement as a service Market by Component (Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, and Transactions Management), Vertical, Organization Size, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the Procurement as a Service Market size expected to grow from USD 5.4 billion in 2019 to USD 7.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of

Content Intelligence Market predicted to obtain $1956 Million by 2024

According to a new market research report "Content Intelligence Market by Component (Solutions, Services), Deployment Type (Cloud, On-Premises, Hybrid), Organization Size, Vertical (BFSI, Healthcare & Life Sciences, Travel & Hospitality), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the content intelligence market size expected to grow from USD 485 Million in 2019 to USD 1956 Million by 2024, at a Compound Annual Growth Rate (CAGR)of 32.2% during the

Legal AI Software Market will grow to $1,236 million by 2024

According to a new market research report "Legal AI Software Market by Component (Solutions and Services), Deployment Mode, Technology, End User (Corporate Legal Departments and Law Firms), Application (Legal Research, Contract Management, and eDiscovery), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the Legal AI Software Market expected to grow from USD 317 million in 2019 to USD 1,236 million by 2024, at a Compound Annual Growth

Virtual Private Cloud Market predicted to obtain $58.9 billion by 2024

According to a new market research report "Virtual Private Cloud Market by Component (Software and Services), Service (Training and Consulting, Integration and Deployment, Support and Maintenance, and Managed Services), Organization Size, Vertical, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the market size expected to grow from USD 20.9 billion in 2019 to USD 58.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.0% during

Sales Enablement Platform Market expected to gain $2.6 billion by 2024

According to a new market research report "Sales Enablement Platform Market by Component (Platform And Services), Organization Size, Deployment Type, Industry Vertical (BFSI, IT & Telecom, Consumer Goods & Retail, Healthcare & Life Sciences, Manufacturing), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the sales enablement platform market size expected to grow from USD 1.1 billion in 2019 to USD 2.6 billion by 2024, at a Compound Annual

Digital Experience Platform Market predicted to obtain $13.9 billion by 2024

According to a new market research report "Digital Experience Platform Market by Component (Platform and Services), Deployment Type (Cloud and On-premises), Vertical (Manufacturing, IT & Telecom, BFSI, Healthcare, Travel & Hospitality, and Public Sector), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the market size expects to grow from USD 7.9 billion in 2019 to USD 13.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of

India Data Center Market revenues be $1.5 billion by 2022

According to a new market research report "India Data Center Market by Component (Electrical, Mechanical, Communication, Security), Model (Captive, Outsourced), Vertical (BFSI, Telecom and ITES, Defense), Trends, Vendor Ecosystem Analysis, and Porters Five Forces Analysis - Forecast to 2022" published by MarketsandMarkets™, the India data center market size projected to reach USD 1.5 billion by 2022 from USD 1.0 billion in 2018, growing at a CAGR of 11.4% during the

Communication Test and Measurement Market extrapolated to reach $9.7 billion by …

According to a new market research report "Communication Test and Measurement Market by Test Solutions (Wireless, Wireline), Type of Test ( Enterprise Test, Field Network Test, Lab and Manufacturing Test, Network Assurance Test), Services, End-User, Region - Global Forecast to 2025", published by MarketsandMarkets™, the Communication Test and Measurement Market size to grow from USD 6.2 billion in 2020 to USD 9.7 billion by 2025, at a Compound Annual Growth

Citizen Services AI Market predicted to grow $9.7 billion by 2024

According to a new market research report "Citizen Services AI Market by Application (Traffic and Transportation Management, Healthcare, Public Safety, Utilities, and General Services), Technology (ML, NLP, Image Processing, and Face Recognition), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the citizen services AI market size is expected to grow from USD 1.5 billion in 2019 to USD 9.7 billion by 2024, at a Compound Annual Growth Rate

Customer Communications Management Market predicted to grow $2.2 billion by 2026

According to a new market research report "Customer Communications Management Market by Component (Solutions and Services), Deployment Type, Organization Size, Vertical (IT and Telecom, BFSI, Retail & eCommerce, Travel & Hospitality, Healthcare), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 1.3 billion in 2021 to USD 2.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.2% during the

Queue Management System Market will grow to $0.6 billion by 2026

According to a new market research report "Queue Management System Market by Component, Solution Type, Application (Reporting & Analytics, Real-time Monitoring), Queue Type (Structured, Unstructured, Mobile Queue), Organization Size, Deployment Mode, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 0.5 billion in 2020 to USD 0.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 4.0% during the

Active Network Management Market will grow to $1,411 million by 2023

According to a new market research report "Active Network Management Market by Component (Software and Services), Service (Professional and Managed Services), Organization Size (SMEs and Large Enterprises), Application Area (Power, Energy & Utilities), and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Active Network Management Market size expected to grow from USD 682 million in 2018 to USD 1,411 million by 2023, at a Compound Annual Growth Rate

Virtual Fitting Room Market expected to reach $7.6 billion by 2024

According to a new market research report "Virtual Fitting Room Market by Component (Hardware (Prefabricated & Customized), Software and Services), End-User (Physical Store & Virtual Store), Use Cases (Apparel, Eye Wear, Jewelry & Watches, Beauty & Cosmetics), Region - Global Forecast to 2024" published by MarketsandMarkets™, the virtual fitting room market size to grow from USD 2.9 billion in 2019 to USD 7.6 billion by 2024, at a Compound Annual

Virtual Private Server Market expected to reach $5.0 billion by 2023

According to a new market research report "Virtual Private Server Market by Operating System (Windows and Linux), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, Government and Defense, IT and Telecommunication, Retail, Healthcare), and Region - Global Forecast to 2023" published by MarketsandMarkets™, the VPS market size is expected to grow from USD 2.4 billion in 2018 to USD 5.0 billion by 2023, at a Compound Annual Growth Rate (CAGR)

Artificial Intelligence (AI) Market worth $309.6 billion by 2026

According to a new market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing), Deployment Mode, Organization Size, Business Function (Law, Security), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the AI market size to grow from USD 58.3 billion in 2021 to USD 309.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 39.7% during the forecast

Law Enforcement Software Market worth $22.1 billion by 2026

According to a new market research report "Law Enforcement Software Market by Component, Solution (Digital Policing, Computer-Aided Dispatch, Jail Management), Service (Consulting, Training and Support, Implementation), Deployment Model (Cloud and On-premises), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size expected to grow from USD 12.6 billion in 2020 to USD 22.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 9.8% during the

Data Visualization Tools Market predicted to obtain $10.2 billion by 2026

According to a new market research report "Data Visualization Tools Market by Tool (Standalone and Integrated), Organization Size, Deployment Mode, Business Function, Vertical (BFSI, Telecommunications and IT, Healthcare and Life Sciences, Government), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 5.9 billion in 2021 to USD 10.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.6% during

Network as a Service Market predicted to obtain $37.5 billion by 2026

According to a new market research report "Network as a Service Market by Type (LAN and WLAN, WAN, Communication and Collaboration, and Network Security), Organization Size (Large Enterprises and SMEs), Application, End User ( BFSI, Manufacturing, Healthcare), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size expected to grow from USD 10.4 billion in 2021 to USD 37.5 billion by 2026, at a Compound Annual Growth

Multi-Factor Authentication Market predicted to grow $23.5 billion by 2026

According to a new market research report "Multi-Factor Authentication Market by Component (Hardware, Solutions, and Services), Model Type (Two, Three, Four, and Five-Factor), Organization Size, End User (BFSI, Healthcare, Media and Entertainment, Government), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 11.1 billion in 2021 to USD 23.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.2%

Transaction Monitoring Market predicted to grow $16.8 billion by 2023

According to a new market research report "Transaction Monitoring Market by Component, Application Area (AML, FDP, Compliance Management, and Customer Identity Management), Function, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Transaction Monitoring Market size expected to grow from $8.3 billion in 2018 to $16.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. The key

Out of Band Authentication Market predicted to grow $1,532 million by 2023

According to a new market research report "Out of Band Authentication Market by Component (Solution (Hardware, Software), Service), Authentication Channel (SMS, Email, Push Notification Voice, Token-Based, Others), Deployment Type, Organization Size, Vertical, and Region - Global forecast to 2023" published by MarketsandMarkets™, the market size expected to grow from USD 533 million in 2018 to USD 1,532 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.5% during

Deep Packet Inspection and Processing Market predicted to grow $12.5 billion by …

According to a new market research report "Deep Packet Inspection and Processing Market by Component (Solutions and Services), Solution Type (Hardware and Software), Installation Type (Integrated and Standalone), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the deep packet inspection and processing market size expected to grow from USD 8.7 billion in 2019 to USD 12.5 billion by 2024, at a Compound Annual

Physical Identity and Access Management Market will grow to $1,535 million by 20 …

According to a new market research report "Physical Identity and Access Management Market by Component, Service, Organization Size, Vertical (BFSI, IT and ITeS, Telecom, Energy and Utilities, Transportation, Healthcare, Government and Defense, and Education), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 789 million in 2020 to USD 1,535 million by 2025, at a Compound Annual Growth Rate (CAGR)

Security Information and Event Management Market worth $5.5 billion by 2025

According to a new market research report "Security Information and Event Management Market by Component, Application, Deployment Mode, Organization Size, Vertical (Information, Finance and Insurance, Healthcare and Social Assistance, Utilities), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Security Information and Event Management (SIEM) market size expected to grow from USD 4.2 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 5.5% during

Security Analytics Market predicted to grow $18.1 billion by 2024

According to a new market research report "Security Analytics Market by Application (Web Security, Network Security, Endpoint Security, and Application Security Analytics), Component, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the security analytics market size projected to grow from USD 7.8 billion in 2019 to USD 18.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.2% during the

Data-centric Security Market expected to grow $9.8 billion by 2026

According to a new market research report "Data-centric Security Market by Component (Software and Solutions and Professional Services), Deployment Mode (Cloud and On-premises), Organization Size, Vertical (Government and Defense, Healthcare, Telecommunications), Region - Global Forecast to 2026" published by MarketsandMarkets™, the global Data-centric Security market size expected to grow from USD 3.5 billion in 2020 to USD 9.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.1%

DDI Market predicted to grow $836 million by 2026

According to a new market research report "DDI Market by Component (Solutions and Services), Application (Network Automation, Virtualization and Cloud, Data Center Transformation, Network Security), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 400 million in 2021 to USD 836 million by 2026, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period. Increased

Digital Workplace Market predicted to grow $72.2 billion by 2026

According to a new market research report "Digital Workplace Market by Component (Solutions [Unified Communication and Collaboration, Unified Endpoint Management, Enterprise Mobility and Management] and Services), Deployment, Organization Size, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the digital workplace market size expected to grow from USD 22.7 billion in 2020 to USD 72.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.3% during

MEA Cybersecurity Market predicted to grow $31.82 billion by 2023

According to a new market research report "MEA Cybersecurity Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Service (Professional and Managed), Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2023" published by MarketsandMarkets™, the MEA cybersecurity market size expected to grow from USD 15.66 billion in 2018 to USD 31.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2%

Blockchain in Media, Advertising, and Entertainment Market will reach to $1,000. …

According to a new market research report "Blockchain in Media, Advertising, and Entertainment Market by Provider, Application (Licensing & Rights Management, Digital Advertising, Smart Contracts, Content Security, Online Gaming, Payments), Enterprise Size, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the blockchain in media, advertising, and entertainment market to grow from USD 51.4 million in 2018 to USD 1,000.1 million by 2023, at a Compound Annual Growth Rate

Digital Badges Market worth $205.6 million by 2023

According to a new market research report "Digital Badges Market by Offering (Platform and Services), End User (Academic (K-12 and Higher Education) and Corporate (SMEs and Large Enterprises)), and Region (North America, Europe, APAC, and Row) - Global Forecast to 2023" published by MarketsandMarkets™, the digital badges market size is expected to grow from USD 83.3 million in 2018 to USD 205.6 million by 2023, at a Compound Annual Growth

Blockchain in Insurance Market predicted to grow $1,393.8 million by 2023

According to a new market research report "Blockchain In Insurance Market by Provider, Application (GRC Management, Death & Claims Management, Identity Management & Fraud Detection, Payments, and Smart Contracts), Organization Size (Large Enterprises and SMEs), and Region - Global Forecast to 2023" published by MarketsandMarkets™, the blockchain in insurance market size is expected to grow from USD 64.5 million in 2018 to USD 1,393.8 million by 2023, at a Compound

Property Management Market will reach to $22.04 billion by 2023

According to a new market research report "Property Management Market by Component (Solutions and Services), Solution (Lease Accounting & Real Estate Management, Asset Maintenance Management & Reservation Management), Service, Deployment, End-User, Application, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the property management market size expected to grow from USD 14.47 billion in 2018 to USD 22.04 billion by 2023, at a Compound Annual Growth Rate (CAGR) of

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