Press Releases by Category IT, New Media & Software
Virtual Data Rooms Market to Surge, Reaching $8.95 Bn by 2033 | Persistence Mark …
The Virtual Data Rooms (VDRs) market is projected to grow significantly, from US$ 1,890.4 Million in 2022 to US$ 8,950.7 Million by 2033, with a CAGR of 15.3% (2023-2033). VDRs provide secure online repositories for storing and sharing confidential data, mainly used in mergers and acquisitions, IPOs, and financial transactions. The market is driven by the growing adoption of cloud technology and increasing demand for secure data storage. North America…
AI in Renewable Energy Market Top Players- Flex Ltd., Enel Spa, Alpiq Holding Lt …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Renewable Energy Market- (By Deployment Type (On premises, and Cloud) By Component (Solution and Services); By End-Use Industry, By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global AI in Renewable Energy Market is valued at US$ 0.72 Bn in 2023, and it…
Enterprise GRC Market to Surge to $62.4Bn by 2033, Growing at 12.8% CAGR | Persi …
The Enterprise Governance, Risk, and Compliance (eGRC) market was valued at US$ 15,233.4 Mn in 2022 and is projected to reach US$ 62,398.4 Mn by 2033, growing at a CAGR of 12.8%. The demand for eGRC systems is rising due to increasing cybersecurity threats, regulatory compliance requirements, and the need for risk management solutions. Organizations are adopting eGRC software to enhance risk assessment, compliance tracking, and business resilience. North America…
AI in Insurance Market Key Players Analysis - Lemonade, Tractable, Shift Technol …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Insurance Market - (By Type (Machine Learning, Natural Language Processing (NLP), Computer Vision, Expert Systems, Robotics), By Application (Underwriting and Risk Assessment, Claims Processing and Fraud Detection, Customer Service and Support, Personalized Marketing and Sales, Policy Pricing and Recommendations), By End User (Insurance Companies, Insurance Brokers and Agents, Reinsurance Companies)), Trends, Industry Competition…
VoIP Market to Soar: From $115 Bn in 2022 to $472B by 2033 | Persistence Market …
The VoIP Services Market is set for significant growth, rising from US$ 115,212.2 million in 2022 to US$ 472,260.4 million by 2033, at a CAGR of 13.8%. VoIP technology enables cost-effective voice and video communication over the internet, offering flexibility across multiple devices. North America led with a 27.6% market share in 2022, while India is expected to grow at a rapid 29.8% CAGR. However, competition from mobile apps and…
Primary Flight Display Market Expected to Reach US$ 1,474.6 Mn by 2031 - Persist …
The global primary flight display (PFD) market is projected to experience steady growth over the forecast period from 2024 to 2031. According to Persistence Market Research, the market is expected to expand at a compound annual growth rate (CAGR) of 5.9%, increasing from an estimated revenue of US$ 987.2 million in 2024 to approximately US$ 1,474.6 million by the end of 2031.
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Leading Growth Driver in the Patient Safety And Risk Management Software Market …
What combination of drivers is leading to accelerated growth in the patient safety and risk management software market?
The growth of the patient safety and risk management software market is predicted to be fuelled by a rise in IT utilisation in healthcare. The healthcare sector has seen enormous improvements due to IT advancements, one of them being electronic medical records (EMR) that allow for the consolidation of medical data into a…
Global Mobile And Wireless Backhaul Market Projected to Surpass $57.07 Billion b …
Which drivers are expected to have the greatest impact on the over the mobile and wireless backhaul market's growth?
The rising number of mobile subscribers is a major trend making waves in the mobile and wireless backhaul markets. This is fueled by the proliferation of smartphones and enhanced connectivity, leading to a surge in global mobile internet users. Better global internet connectivity has led to a significant rise in mobile data…
LTE Advanced & 5G Market to Skyrocket to $788.5 Bn by 2033 | Persistence Market …
The LTE Advanced and 5G market is experiencing rapid expansion, with a projected CAGR of 37.2% from 2023 to 2033. Valued at US$ 24,543.1 Mn in 2022, the market is expected to reach US$ 788,487.5 Mn by 2033. North America dominated with a 25.6% market share in 2022, while Europe held 23.2%. The rise in demand for high-speed connectivity, driven by smart devices and automation, fuels this growth. The U.S.…
Parking Management Solutions Market Set to Reach $6.73 Billion by 2029 with 0.10 …
What industry-specific factors are fueling the growth of the parking management solutions market?
The anticipated growth of the parking management solutions market is linked to the rising popularity of cloud-native parking management solutions. Leveraging the advantages of the cloud computing model, cloud-native technology is a modern approach to creating, developing, and operating systems within a cloud environment. This technology carries the potential to enhance the services provided by the parking management…
Top Factor Driving Microscope Software Market Growth in 2025: Government Funding …
What industry-specific factors are fueling the growth of the microscope software market?
An upswing in governmental financial support in the field of scientific apparatus is anticipated to propel the microscope software market in the projected timeframe. A global rise in bacterial infections has been noted, leading to an increase in public investment to fight these infections and understand their structure using microscopes. The expansion in microscope software applications, including virus imaging…
Top Factor Driving Medical Power Supply Market Growth in 2025: Surge In Healthca …
How Are the key drivers contributing to the expansion of the medical power supply market?
The surge in healthcare expenditure is projected to spur the expansion of the medical power supply market. This encompasses all costs associated with health services, reproductive health activities, nutritional interventions, and health-related crisis relief. Medical appliances offer an indispensable assistance to healthcare workers in the process of diagnosing and treating patients. They're crucial in safely and…
Accounting Educational System Market Estimated to Hit US$ 3.2 Bn by 2031 - Persi …
The global accounting educational system market is poised for steady growth, with projections indicating a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. This expansion is expected to elevate the market's value from approximately US$ 2.3 billion in 2024 to around US$ 3.2 billion by the end of 2031. This growth trajectory underscores the increasing emphasis on financial literacy and the integration of advanced technologies in accounting…
Rising Sales Of Luxury Vehicles Fuel Optoelectronics Market Growth Driver: A Maj …
What industry-specific factors are fueling the growth of the optoelectronics market?
The surge in the need for luxury and ultra-luxury automotive modes is anticipated to boost the development of the optoelectronics industry. Luxury cars, meaning those which offer comfort, high-end quality, and the feel of luxury, see the application of optoelectronics to enhance safety and lighting, with research and development activities playing a significant role. Optoelectronics are employed in modern vehicles…
Content Delivery Network Market Trends: Predicted to Grow at a CAGR of 15.3% by …
According to the report, the global content delivery network industry generated $11.62 billion in 2019, and is expected to reach $38.68 billion by 2027, witnessing a CAGR of 15.3% from 2020 to 2027.
The growing adoption of cutting-edge technologies across organizations and the rising demand for innovation in the communication sector are driving market growth. Additionally, the increasing need for low-latency content delivery among SMEs further fuels market expansion. The rising…
Top Factor Driving Low Voltage Cables & Accessories Market Growth in 2025: Low V …
What combination of drivers is leading to accelerated growth in the low voltage cables & accessories market?
The growing need for electricity is predicted to drive the market for low voltage cables and accessories. The global demand for electricity is increasing due to robust economic development in emerging nations, expanding household earnings, electrification of transport, and an escalating demand for connected digital tools. This surge in electricity requirements is believed to…
Global On-Board Charger Market Projected to Surpass $11.67 Billion by 2029 with …
What market dynamics are playing a key role in accelerating the growth of the on-board charger market?
The upsurge in the need for electric vehicles is predicted to stimulate the expansion of the on-board charger market. While the economic impact of COVID-19 has subdued the demand for petrol and diesel vehicles, the want for EVs has surged. The global drive to transition to emission-free vehicles is being propelled by climate change…
Baker Hughes' Breakthrough Subsea Technology Trend: A Crucial Influence on the O …
How Are the key drivers contributing to the expansion of the oilfield communications market?
The projected expansion of the oilfield communications market is believed to be driven by a surge in oil production. The procedure of extracting petroleum from the earth's crust involves oil production. Critical connectivity, data, and insights that help streamline production, lessen accidents, and curtail waste are provided by oilfield communications. This streamlining, in turn, boosts production by…
Global Lithium Iron Phosphate Battery Market Projected to Surpass $12.41 Billion …
How Are the key drivers contributing to the expansion of the lithium iron phosphate battery market?
The surge in demand for electric vehicles is expected to stimulate growth in the lithium iron phosphate batteries market. Electric vehicles typically favour lithium iron phosphate (LFP) batteries due to their longer lifespan and absence of cobalt, facilitating a cost reduction in battery manufacturing and enabling automakers to reduce prices of their electric vehicles. As…
Robotic Process Automation Market Size, Industry Leaders, Regional Outlook and F …
According to the latest market research study published by P&S Intelligence, the global robotic process automation (RPA) market was valued at USD 5.1 billion in 2024 and is projected to reach USD 68.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 39.3% during the forecast period.
This significant growth is driven by the increasing demand for efficient business process handling, enhanced customer experiences, and the integration…
Non-Volatile Memory Market Forecast 2025-2034: Evaluating Growth Factors, Segmen …
What market dynamics are playing a key role in accelerating the growth of the non-volatile memory market?
The growth of the non-volatile memory market is anticipated to be fueled by the ever-growing amount of data. This surge in data volume can be attributed to the widespread use of IoT devices and the immense quantity of content created by users on social media platforms, as they constantly create real-time information and interactions…
Artificial Intelligence as a Service Market to Grow to US$ 82.4 by 2031 - Persis …
Artificial Intelligence as a Service (AIaaS) refers to the provision of AI capabilities through cloud-based platforms, enabling organizations to access advanced AI tools and technologies without significant upfront investments in infrastructure or expertise. This model democratizes AI, allowing businesses of varying sizes to integrate AI-driven solutions into their operations seamlessly. According to Persistence Market Research, the AIaaS market is projected to reach a valuation of US$ 82.4 billion by 2032,…
Top Factor Driving Integrated Facility Management Market Growth in 2025: The Inc …
How Are the key drivers contributing to the expansion of the integrated facility management market?
The growth of the integrated facility management (IFM) market is being propelled by the escalating development of sustainable infrastructure, which is increasing due to its necessity for promoting both economic and social advancement. Sustainable infrastructure also ensures environmental preservation, human fairness, and the maintenance of natural ecosystem functionality. The upsurge in sustainable infrastructure development will stir…
Key Influencer in the Network Forensics Market 2025: Rising Cybersecurity Concer …
What industry-specific factors are fueling the growth of the network forensics market?
The uptick in cyberattacks and sophisticated threats is anticipated to drive the expansion of the network forensics market. Cyberattacks are efforts to gain unauthorized access to a computer system or network, while an advanced persistent threat or APT refers to a sustained, deliberate cyberattack that enables an intruder to infiltrate a network and remain undetected for a significant length…
Global In-Memory Analytics Market Projected to Surpass $18.75 Billion by 2029 wi …
What market dynamics are playing a key role in accelerating the growth of the in-memory analytics market?
The escalation in data volume is anticipated to fuel the expansion of the in-memory analytics market. An increasing amount of data necessitates more room in the system's memory, leading to blockages and business process delays. In-memory analytics is utilized to condense the data into compact groups or shrink the data volume without altering the…
Top Factor Driving Industrial Sensor Market Growth in 2025: Rise In Industrial A …
Which drivers are expected to have the greatest impact on the over the industrial sensor market's growth?
The industrial sensor market is experiencing a significant expansion due to the rise in industrial automation. These sensors are vital to automation because they make processes smarter and standalone. They facilitate the detection, evaluation, measurement, and processing of a variety of transformations in industrial production facilities, such as alterations in position, length, height, appearance,…
Global Industrial Ethernet Market Projected to Surpass $75.35 Billion by 2029 wi …
What industry-specific factors are fueling the growth of the industrial ethernet market?
The increasing interest in intelligent vehicles is predicted to drive the expansion of the industrial ethernet market in the future. The intelligent car is a technique that directly connects to the vehicle's electronic control module to record, monitor, and manage various vehicle control subsystems. Industrial ethernet, a more reliable and considerably faster networking protocol, powers intelligent automotive technologies such…
Leading Growth Driver in the Modular Uninterruptible Power Supply (UPS) Market i …
Which drivers are expected to have the greatest impact on the over the modular uninterruptible power supply (ups) market's growth?
The surge in the number of data centers is fuelling the expansion of the modular uninterruptible power supply (UPS) market. New and existing data centers are making use of the modular UPS market to achieve superior standardization, more adaptability, and growth potential. They are also being facilitated with modular UPSs to…
Mobile Value Added Services Market Set to Reach $1892.3 Billion by 2029 with 0.1 …
What market dynamics are playing a key role in accelerating the growth of the mobile value added services market?
Global expansion in smartphone user demographics is bolstering the mobile value-added services market. This surge in smartphone usage is connected to factors such as enhanced internet access, escalating income brackets, increased social media memberships, and augmented communication necessities among others. The COVID-19 health crisis contributed significantly the escalation in smartphone use, stimulated…
Enterprise Mobility Market Growing at a CAGR of 29.3% Reach USD $151.51 Billion …
According to the report, the global enterprise mobility industry was estimated at $19.65 billion in 2019, and is anticipated to hit $151.51 billion by 2027, registering a CAGR of 29.3% from 2020 to 2027.
Enterprise mobility is a rising trend, enabling remote work to enhance business operations. It boosts employee productivity, reduces costs, and strengthens data security against ransomware by controlling access to sensitive information.
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Manufacturing Operations Management Software Market on Pace to Reach US$ 38.3 Bn …
The Manufacturing Operations Management (MOM) software market is experiencing significant growth, driven by the increasing demand for automation, digitalization, and smart manufacturing solutions. In 2024, the market is estimated to be valued at US$ 15.9 billion and is projected to reach US$ 38.3 billion by 2031, reflecting a robust Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. This growth is attributed to the integration of advanced technologies…
Manufacturing Execution System Market Set to Reach $28.07 Billion by 2029 with 0 …
Which drivers are expected to have the greatest impact on the over the manufacturing execution system market's growth?
The surge in need for mass manufacturing and the associated supply chain to address the population's rising needs is predicted to propel the manufacturing execution system industry. Enterprises are progressively investing in cutting-edge software and AI-powered systems to fulfill the rapidly increasing needs for mass production procedures and interconnected supply chains. For example,…
Key Trend Reshaping the Magnet Wire Market in 2025: Bain Capital Acquires Hitach …
What industry-specific factors are fueling the growth of the magnet wire market?
The magnet wire market is set to grow due to an upsurge in the need for electric vehicles. Cars which are completely or partially powered by electricity are classified as electric vehicles. These vehicles are not only cost-effective due to lesser mechanical components to upkeep but are also eco-friendly as they use minimal or no fossil fuels (petrol or…
Location Analytics Market Set to Reach $49.34 Billion by 2029 with 0.17000078727 …
What combination of drivers is leading to accelerated growth in the location analytics market?
The growth of the location analytics market is anticipated to be driven by the increasing application of spatial data and analytical tools. These tools enhance comprehension, insights, decisions, and predictions by integrating layers of geographic information, such as weather, traffic, geography, and others. Location data can predict demand, recognize supply chain disruptions, assist in infrastructure planning, and…
Comprehensive Point-of-Sale Terminals Market Insights: Forecasting Size, Growth, …
How Are the key drivers contributing to the expansion of the point-of-sale terminals market?
The surge in preference for non-cash and touchless payments is projected to spur the expansion of the point-of-sale terminal market in the future. Non-cash and touchless payments indicate a payment system that eliminates cash transactions and serves as a digitized substitute for a cash register. Point of sale terminals process card payments, thus facilitating cashless shopping. For…
PLM in Discrete Manufacturing Market Outlook 2025-2034: Key Trends, Growth Drive …
What combination of drivers is leading to accelerated growth in the plm in discrete manufacturing market?
The adoption spike of smart factories and intelligent manufacturing is anticipated to boost the expansion of PLM in the discrete manufacturing market. A smart factory is essentially a digitalized manufacturing unit, while smart manufacturing is primarily a technology-based process that leverages internet-connected devices for production process monitoring. PLM Discrete empowers smart factories and smart manufacturing…
Virtualized Radio Access Network (vRAN) Market Current Scenario and Future Prosp …
HTF MI recently introduced Global Virtualized Radio Access Network (vRAN) Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Nokia, Ericsson, Samsung, Huawei, Mavenir, Rakuten Symphony, ZTE, NEC Corporation,…
Manufacturing Analytics Market Worth $28,443.7 Million by 2026 Industry Forecast
According to the report, the global manufacturing analytics industry generated $5.95 billion in 2018, and is estimated to reach $28.44 billion by 2026, registering a CAGR of 16.5% from 2019 to 2026.
Manufacturing analytics software helps companies analyze machine data by acquiring, filtering, and contextualizing it to calculate KPIs and create role-based dashboards. It centralizes production monitoring, enhances process efficiency, and transforms real-time data into actionable insights. This software supports cost-effective…
Global Gamification Market Projected to Surpass $73.66 Billion by 2029 with 0.28 …
What industry-specific factors are fueling the growth of the gamification market?
The continued rise in smartphone usage is anticipated to catalyze the expansion of the gamification market in the future. Essentially, smartphones are mobile phones with computing capabilities that grant users the ability to interact with gamified mobile apps at any time and place, encouraging competition and attainment of learning and victory goals. To illustrate, Uswitch Limited, a UK-based authority in…
IoT In Public Safety Market Set to Reach $8.21 Billion by 2029 with 0.1900254965 …
What industry-specific factors are fueling the growth of the iot in public safety market?
The rise in criminal activities is fueling the need for IoT in the public safety market. Criminal activities encompass any physical actions or mental intentions that result in crime. By predicting the occurrence and prevalence of crimes, IoT plays an instrumental role, with its data-driven approach fundamental in crime forecasting. For example, The Bureau of Justice Statistics…
Workplace Transformation Market to Surpass US$ 49.8 Bn by 2031 - Persistence Mar …
The global workplace transformation market is poised for significant growth, projected to expand from US$ 16.9 billion in 2024 to US$ 49.8 billion by 2031, registering a robust compound annual growth rate (CAGR) of 16.7% during the forecast period. This surge is driven by evolving workplace models, technological advancements, and the increasing adoption of cloud-based tools.
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Key Trend Reshaping the Interactive Display Market in 2025: Technological Advanc …
What combination of drivers is leading to accelerated growth in the interactive display market?
The escalating need for gamification is expected to be a driving force for the expansion of the interactive display market. Gamification involves the integration of game-like elements into non-gaming contexts such as websites, online communities, business intranets, learning management systems, and others, with the aim to boost engagement levels. The rise in demand for gamification is primarily…
Top Factor Driving Photoresist & Photoresist Ancillaries Market Growth in 2025: …
What market dynamics are playing a key role in accelerating the growth of the photoresist & photoresist ancillaries market?
The expansion of the photoresist and photoresist ancillaries market is projected to be driven by the burgeoning semiconductor sector in the future. Also referred to as microchips or integrated circuits (ICs), semiconductors are made from pure elements, including silicon and germanium, or compounds such as gallium arsenide. These semiconductors are crucial for…
Key Trend Reshaping the In-flight Entertainment And Connectivity Market in 2025: …
What market dynamics are playing a key role in accelerating the growth of the in-flight entertainment and connectivity market?
The escalating number of airline travelers is a pivotal driver for the growth of the in-flight entertainment and connectivity market. The swell in passenger numbers necessitates a greater demand for a variety of in-flight amusement services including video streaming, text messaging, gaming, and web surfing. For instance, the International Civil Aviation Organization…
AI Image Generator Market Capitalizing on Multiple Trends | PhotoDirector, ARTA, …
According to HTF Market Intelligence, the Global AI Image Generator market to witness a CAGR of 17.00% during the forecast period (2025-2030). The Latest Released AI Image Generator Market Research assesses the future growth potential of the AI Image Generator market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify…
In-Depth Analysis of the Pet Wearable Market: Growth Opportunities, Key Trends, …
What combination of drivers is leading to accelerated growth in the pet wearable market?
The pet wearable market has seen growth due to a surge in demand for pet monitoring worldwide. Pets are often seen as part of the family by their owners, which makes them more inclined to invest in pet-related products and services. The 2023-2024 APPA National Pet Owners Survey, led by the American Pet Products Association, shows that…
Personal Care Appliances Market Poised for 0.0685609453850149 % Growth, Set to H …
What industry-specific factors are fueling the growth of the personal care appliances market?
The growth of the personal care appliances market is predicted to be fueled by the escalating expansion of the e-commerce industry. Essentially, e-commerce involves the online sale of products which facilitates effortless product promotion and sales to the consumers. To illustrate, in September 2024, SellersCommerce, an e-commerce enterprise based in the US, noted that the count of online…
IT Services Market is Forecasted to Reach US$ 181.19 Billion in 2028, Says Strat …
The global IT services market is projected to witness a growth rate of 9.8% annually from 2023 to 2028, with an anticipated size of US$ 181.19 billion by 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global IT services market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment…
Transportation Management System Market is likely to grow at a CAGR of 9.6% thro …
According to a recent report published by Allied Market Research, the global transportation mode market was valued at $5.46 billion in 2019, and is projected to reach $11.36 billion by 2027, registering a CAGR of 9.6 % from 2020 to 2027.
As technology progresses, transportation management systems are expected to become one of the most helpful transportation solutions in supply chain management. A transportation management system (TMS) is a platform designed…
Key Trend Reshaping the Home Standby Gensets Market in 2025: Generac Launches Ad …
How Are the key drivers contributing to the expansion of the home standby gensets market?
The acceleration of urbanization is projected to fuel the expansion of the home standby gensets market in the future. Urbanization is characterized by the migration of the population to urban regions. Home standby generators have the capacity to be directly linked to a home's electrical system, providing continuous power when necessary for numerous days. The swift…
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