Press Releases by Category IT, New Media & Software
Security Robot Industry to Surge to US$ 39.1 Bn by 2030, Growing at a 15.4% CAGR …
The security robot industry has witnessed rapid advancements over the past few years, and the global market is poised for substantial growth. According to a report from Persistence Market Research, the sector is projected to surge to US$ 39.1 billion by 2030, growing at a robust compound annual growth rate (CAGR) of 15.4%. This growth reflects a broader trend of increased adoption of automation and robotics in security solutions across…
Key Influencer in the Regulatory Compliance Management Software Market 2025: Saf …
What combination of drivers is leading to accelerated growth in the regulatory compliance management software market?
The increasing risk of data breaches is expected to drive the growth of the regulatory compliance management software market. As cyber-attacks and data breaches become more prevalent, organizations need compliance management software to enforce security policies and mitigate risks. For example, in February 2023, the Australian Cyber Security Centre reported a 13% rise in cybercrime…
Global Quantum Chip Market to Reach $0.95 Billion by 2029, Growing at 43.81% CAG …
Which drivers are expected to have the greatest impact on the over the quantum chip market's growth?
The growing demand for secure communication and data protection is expected to accelerate the growth of the quantum chip market. As cyber threats and data breaches become more prevalent, secure communication and data protection have become paramount. Quantum chips help enhance security by supporting quantum key distribution (QKD) and quantum-resistant encryption algorithms. For example,…
Key Trend Reshaping the Pool And Spa Market in 2025: Advanced Management Systems …
What market dynamics are playing a key role in accelerating the growth of the pool and spa market?
The expansion of the wellness and spa tourism industry is expected to drive the growth of the pool and spa market. Rising demand for health and well-being experiences is fueling the wellness tourism industry. Pools and spas are integral to this industry, offering therapeutic benefits to enhance overall well-being. The American Med Spa…
Demand for Frozen and Chilled Food Products on the Refrigerated Display Cases Ma …
What combination of drivers is leading to accelerated growth in the refrigerated display cases market?
The growing demand for frozen and chilled food products is expected to propel the growth of the refrigerated display cases market. The demand for these products is driven by convenience, improved preservation technology, and busy lifestyles. Refrigerated display cases are essential for displaying frozen and chilled foods in a visually appealing and fresh manner. For example,…
A Deep Dive into Real Time Location System In Healthcare Market 2025: Key Driver …
What combination of drivers is leading to accelerated growth in the real time location system in healthcare market?
The growing number of cancer patients is expected to boost the real-time location system in healthcare market. The rise in cancer diagnoses is due to factors such as aging populations and lifestyle choices. Real-time location systems help manage cancer patient care more efficiently by improving coordination and patient experiences. For example, the National…
Global Radio Frequency (RF) Diplexer Market to Reach $10.26 Billion by 2029, Gro …
How Are the key drivers contributing to the expansion of the radio frequency (rf) diplexer market?
The increasing number of Internet of Things (IoT) devices is set to propel the radio frequency (RF) diplexer market. IoT refers to interconnected physical devices that communicate and share data over the internet, improving efficiency and automation. RF diplexers are critical for managing multiple frequency bands in IoT devices, allowing for simultaneous transmission and reception…
Leading Growth Driver in the Quantum Machine Learning Market in 2025: Role Of Da …
How Are the key drivers contributing to the expansion of the quantum machine learning market?
The rising volume of data generation is expected to propel the quantum machine learning market. Data generation involves creating synthetic data resembling real-world data, and the increasing use of connected devices and IoT technologies contributes to the surge in data production. Quantum machine learning can efficiently analyze vast amounts of data faster than classical methods, extracting…
Impact Of Construction Industry Growth On The Power And Hand Tools Market Driver …
What industry-specific factors are fueling the growth of the power and hand tools market?
The expanding construction industry is expected to propel the power and hand tools market. The construction industry includes sectors involved in building infrastructure and physical structures, driven by urbanization, population growth, and economic expansion. Power and hand tools are essential for improving efficiency, speed, and precision in construction, directly influencing project outcomes. For example, in February 2023,…
Radio Frequency Identification (RFID) Smart Cabinets Market Poised for 10.56 % G …
What combination of drivers is leading to accelerated growth in the radio frequency identification (rfid) smart cabinets market?
The rising digitalization in healthcare is expected to drive the RFID smart cabinet market. Healthcare digitization involves integrating digital technologies into healthcare systems to enhance efficiency, accuracy, and outcomes. RFID smart cabinets play a vital role by improving efficiency, accuracy, security, and compliance in healthcare settings. A 2022 survey by Rock Health revealed…
Enterprise Asset Management Gains Momentum Across Sectors
According to the latest market research study published by P&S Intelligence, the global enterprise asset management (EAM) market was valued at USD 6.89 billion in 2024 and is projected to reach USD 15.35 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.66% during 2025-2032.
This robust growth is driven by the increasing need to reduce maintenance and procurement expenses, enhance asset availability, and minimize asset breakdowns.…
Autonomous Vehicles Driving Growth In Positioning Systems Market Driver: A Major …
What industry-specific factors are fueling the growth of the positioning systems market?
The rising number of autonomous vehicles is expected to drive the growth of the positioning systems market. Autonomous vehicles, which use advanced sensor technologies and AI to navigate without human input, depend heavily on positioning systems to ensure safety and reliability. The increase in autonomous vehicles, driven by technological advancements and investments, is fueling demand for highly accurate positioning…
Top Factor Driving Quantum Photonics Market Growth in 2025: The Impact Of Growin …
What combination of drivers is leading to accelerated growth in the quantum photonics market?
The growing use of medical imaging and diagnostics is anticipated to drive the quantum photonics market. Medical imaging refers to techniques used to create visual representations of the human body for diagnostic and treatment purposes. The demand for early disease detection and precise treatment is increasing, fueling the need for advanced imaging. Quantum photonics improves medical imaging…
Global Pool Tables Market to Reach $1.96 Billion by 2029, Growing at 6.46% CAGR
What industry-specific factors are fueling the growth of the pool tables market?
The growing interest in recreational activities is likely to drive the pool tables market. These activities, which are engaged in for enjoyment, relaxation, and pleasure, are gaining popularity due to factors like better awareness of health, urbanization, and rising incomes. Pool tables are commonly used for socializing and competitive play, both in casual and professional settings. According to the…
Comprehensive Protein Chip Market Insights: Forecasting Size, Growth, and Compet …
Which drivers are expected to have the greatest impact on the over the protein chip market's growth?
The growing emphasis on personalized medicine is expected to propel the protein chip market forward. Personalized medicine, which tailors treatments to individual patients based on genetics and other factors, is growing due to advancements in 'omics' technology. Protein chips are crucial in advancing this field by enabling detailed proteomic analysis. For instance, the Personalized…
Quantum Cryptography Solutions Market Set to Reach $25.36 Billion by 2029 with 1 …
What combination of drivers is leading to accelerated growth in the quantum cryptography solutions market?
The rising frequency of data breaches and cyberattacks is expected to accelerate the quantum cryptography solutions market. Data breaches and cyberattacks involve unauthorized data access or manipulation, leading to risks such as identity theft, service disruptions, and system breaches. The rise is due to the expanding digital world, evolving tactics by cybercriminals, and inadequate cybersecurity measures.…
Quantum Computing as a Service (QCaaS) Market Outlook 2025-2034: Key Trends, Gro …
What combination of drivers is leading to accelerated growth in the quantum computing as a service (qcaas) market?
The rise in cloud adoption is expected to propel the growth of quantum computing as a service (QCaaS). Cloud computing allows on-demand access to shared computing resources, which enhances scalability and accessibility. The rise in cloud adoption is driven by the need for enhanced security, accessibility, and remote work solutions. QCaaS provides scalable,…
Key Trend Reshaping the Productivity Software Market in 2025: Innovative Warehou …
Which drivers are expected to have the greatest impact on the over the productivity software market's growth?
The rise of remote working is projected to drive the growth of the productivity software market. The increase in remote work is due to advances in technology and changing attitudes toward work-life balance, further accelerated by the global pandemic. Productivity software helps remote workers manage tasks, collaborate, and stay productive from any location. The…
Intellect's AI-Powered QMS Revolutionizing Quality Management Software Trend: A …
What combination of drivers is leading to accelerated growth in the quality management software market?
The growing consumer awareness of product safety and quality is expected to drive the growth of the quality management software market. Consumers are increasingly aware of the safety and quality standards of products due to better information access, product recalls, and corporate transparency efforts. Quality management software plays a crucial role in ensuring regulatory compliance, enhancing…
The Rise Of IoT And Connected Devices Driving The Prototyping Software Market Dr …
What combination of drivers is leading to accelerated growth in the prototyping software market?
The rapid adoption of the Internet of Things (IoT) is expected to propel the prototyping software market. IoT, which involves interconnected devices that communicate over the internet, is growing due to technological advancements and regulatory support. Prototyping software is crucial for designing and testing IoT applications by simulating interactions and optimizing user experiences. In 2022, the Health…
Smart Cities Market Set for to Reach US$ 1,256.8 Bn by 2032 - Persistence Market …
Market Overview and Growth Drivers
The smart cities market is poised for significant growth, with a projected market size of US$ 620.5 billion by 2025 and an estimated compound annual growth rate (CAGR) of 18% during the forecast period, which would push the market value to US$ 1,256.8 billion by 2032. This robust growth is largely driven by the adoption of emerging technologies such as IoT, AI, and cloud computing, which…
ESD Protection Devices Market Set for Rapid Growth, To Reach CAGR of Over 4.7% B …
Electrostatic protection devices are essential components in modern electronics, preventing damage caused by sudden electrical surges. These devices safeguard sensitive electronic components from electrostatic discharges, ensuring the reliability and longevity of electronic circuits. The increasing miniaturization of electronic devices and the growing complexity of semiconductor circuits have amplified the demand for effective ESD protection solutions.
A study by Transparency Market Research (TMR) estimates that the ESD Protection Devices Market will reach…
Global Programming Language Market to Reach $303.03 Billion by 2029, Growing at …
What combination of drivers is leading to accelerated growth in the programming language market?
The growth of artificial intelligence (AI) technologies is expected to propel the programming language market. AI technologies automate tasks, enhance efficiency, and analyze vast data sets, driving their widespread adoption. Programming languages form the backbone of AI systems, enabling their deployment and optimization across different industries. The Department of Digital, Culture, Media and Sport reported in January…
Presentation Software Market Forecast 2025-2034: Analysing Major Trends, Opportu …
How Are the key drivers contributing to the expansion of the presentation software market?
The rising popularity of video-powered presentations is expected to propel the growth of the presentation software market. These presentations use video content to enhance engagement and effectively communicate complex information. The ability to incorporate dynamic video content improves audience interaction and retention. For example, in January 2023, a report by Wyzowl found that 91% of businesses use…
Leading Element Driving Change in the Power Management IC Market in 2025: Electr …
How Are the key drivers contributing to the expansion of the power management ic market?
The increasing adoption of electric vehicles (EVs) is expected to drive the power management IC market. Power management ICs help manage energy usage in EVs by optimizing battery life, power distribution, and overall energy efficiency. The adoption of EVs is increasing due to their environmental advantages, technological developments, and improved charging infrastructure. For example, in July…
Key Trends Shaping the Future Power Diode Market From 2025-2034: Advancements In …
Which drivers are expected to have the greatest impact on the over the power diode market's growth?
The increasing adoption of electric vehicles (EVs) is expected to drive the power diode market. Advances in battery technology, environmental concerns, and higher efficiency have led to the growing adoption of electric vehicles. In EVs, power diodes are used for rectification in charging systems and power management in inverters. For example, in April 2023,…
Portable Battery Market Outlook 2025-2034: Key Trends, Growth Drivers, and Marke …
How Are the key drivers contributing to the expansion of the portable battery market?
The rising demand for consumer electronics is expected to boost the portable battery market. Consumer electronics, which include devices for entertainment, communication, and personal productivity, are growing in popularity due to modern lifestyles and advances in technology. Portable batteries are essential for enhancing the functionality and convenience of these devices by ensuring mobility and extended use. According…
Predictive Maintenance Market to Grow to US$ 50.3 Bn by 2032 - Persistence Marke …
Overview of the Market
The global predictive maintenance market is poised for rapid growth, projected to reach a value of US$ 50.3 billion by 2032, from an estimated US$ 12.3 billion in 2025. This growth trajectory represents a compound annual growth rate (CAGR) of 22.2%, underscoring the increasing demand for advanced solutions that predict equipment failures before they occur. Predictive maintenance leverages a combination of technologies such as artificial intelligence (AI),…
Increasing Adoption Solar Energy Drives The Polysilicon Market Driver: Leading T …
How Are the key drivers contributing to the expansion of the polysilicon market?
The increasing adoption of solar energy is expected to boost the growth of the polysilicon market. Solar energy's growth is driven by rising environmental awareness and regulatory incentives. Polysilicon is the primary material used in photovoltaic cells that convert sunlight into electricity. The International Energy Agency (IEA) projected a significant increase in solar PV adoption, forecasting 100 million…
Perimeter Intrusion Detection and Prevention Market Forecast 2025-2034: Analysin …
What industry-specific factors are fueling the growth of the perimeter intrusion detection and prevention market?
A surge in criminal activities is expected to propel the growth of the perimeter intrusion detection and prevention market. Criminal activities, driven by economic inequality, lack of education, and inadequate law enforcement, are increasing. Perimeter intrusion detection and prevention systems help mitigate these activities by identifying unauthorized access attempts. According to a report by the Office…
SaaS Spend Management Software Market Innovations and Cost Efficiency
On March 24, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global SaaS Spend Management Software Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing…
Key Trend Reshaping the Power Optimizers Market in 2025: Sungrow Launches SP600S …
What combination of drivers is leading to accelerated growth in the power optimizers market?
The growing shift toward renewable energy sources is expected to drive the power optimizers market. Renewable energy, derived from natural, replenishable resources, is seeing a surge in demand due to the global focus on sustainability and reducing carbon emissions. Power optimizers are used in solar energy systems to maximize the output from individual panels, thus improving overall…
Key Influencer in the Potential Of Hydrogen (pH) Meters Market 2025: Rising Wate …
What combination of drivers is leading to accelerated growth in the potential of hydrogen (ph) meters market?
The growing prevalence of waterborne diseases is expected to accelerate the growth of the pH meters market. Waterborne diseases arise from contaminated water due to poor sanitation or pollution and are rising due to factors like insufficient sanitation and climate change. Regular pH testing using pH meters ensures water safety and helps in controlling…
Point Of Sale System Requirement Market Outlook 2025-2034: Key Trends, Growth Dr …
Which drivers are expected to have the greatest impact on the over the point of sale system requirement market's growth?
The increasing use of digital payment methods is anticipated to drive the point-of-sale system requirements market. The convenience and security of digital payment systems, along with the growing use of smartphones, are driving this trend. In May 2024, FedPayments Improvement reported that 62% of businesses had adopted digital wallets in 2023,…
Autonomous Vehicles Driving Growth In Positioning Systems Market: A Key Factor S …
What combination of drivers is leading to accelerated growth in the positioning services market?
The growing number of autonomous vehicles is expected to fuel the growth of the positioning services market. Autonomous vehicles, which rely on advanced sensors, AI, and computing systems to drive without human intervention, require precise positioning services for safe and efficient operation. As the number of autonomous vehicles increases due to technological advancements and investment, the need…
Increasing Focus On Technological Advancements In Platelet Rich Plasma Trend: A …
Which drivers are expected to have the greatest impact on the over the platelet rich plasma market's growth?
The growing incidence of sports injuries is expected to drive the growth of the platelet-rich plasma (PRP) market. Increasing participation in sports, youth programs, and age-related factors contribute to a rise in injuries. PRP therapy aids recovery by promoting tissue repair and reducing inflammation, offering athletes a less invasive option for faster recovery.…
Portable Electric Heaters Market Forecast 2025-2034: Evaluating Growth Factors, …
What combination of drivers is leading to accelerated growth in the portable electric heaters market?
The growing focus on energy efficiency is expected to drive the portable electric heaters market. Energy efficiency aims to minimize energy consumption while maintaining performance, and increasing awareness of its benefits is pushing demand for energy-saving products. Portable electric heaters can be used efficiently to heat specific rooms, reducing energy waste. The International Energy Agency reported…
U.S. Blockchain Technology Market Analysis, Opportunities, Trends, Developments …
According to the latest market research study published by P&S Intelligence, the U.S. blockchain technology market is experiencing unprecedented growth, with its value soaring from USD 9.9 billion in 2024 to a projected USD 1,766.5 billion by 2032, reflecting a remarkable compound annual growth rate (CAGR) of 92.4%.
This surge is primarily driven by blockchain's ability to enhance decentralization, bolster security, and reduce transaction costs across various industries. Major corporations…
Pocket Video Camera Market Poised for 5.21 % Growth, Set to Hit $19.67 Billion b …
What combination of drivers is leading to accelerated growth in the pocket video camera market?
The increasing use of social media is expected to propel the growth of the pocket video camera market. Social media platforms, driven by growing internet access and smartphone use, have increased the demand for content creation. In March 2024, Made in CA reported that 33.1 million Canadians were using social media, with the penetration rate in…
Comprehensive Perimeter Intrusion Detection System Market Insights: Forecasting …
Which drivers are expected to have the greatest impact on the over the perimeter intrusion detection system market's growth?
The escalating threat of terrorism is expected to propel the perimeter intrusion detection system market. Terrorism, motivated by political, religious, or ideological goals, is increasing, and the need for better security measures is growing. Perimeter intrusion detection systems are vital for counterterrorism efforts, as they quickly identify unauthorized access attempts, preventing potential…
Emerging Lottery Market Trend 2025-2034: Advancements In Technology Transforming …
How Is the Lottery Market Projected to Grow, and What Is Its Market Size?
The size of the lottery market has seen consistent expansion over the past few years. It is predicted to rise from $316.55 billion in 2024 to $331.89 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.8%. The previous growth period's expansion can be credited to factors such as legislation and regulation, trends in consumer…
Passwordless Authentication Market Outlook 2025-2034: Key Trends, Growth Drivers …
What industry-specific factors are fueling the growth of the passwordless authentication market?
Growing concerns about data security are expected to drive the expansion of the passwordless authentication market. Data security refers to protecting digital information from unauthorized access, theft, or corruption, and these concerns have risen due to factors like advanced hacking techniques and complex IT systems. Passwordless authentication enhances security by using biometrics, hardware tokens, or cryptographic keys instead of…
What's Driving the Blockchain Technologies Market 2025-2034: Government Support …
What Are the Projections for the Size and Growth Rate of the Blockchain Technologies Market?
In recent times, there has been an explosive growth in the size of the blockchain technologies market. The market is projected to expand from a worth of $20.65 billion in 2024, surging to a staggering $31.73 billion in 2025, exhibiting a stellar compound annual growth rate (CAGR) of 53.6%. Factors such as the embrace of cryptocurrency…
What's Driving the Blockchain Technologies Market 2025-2034: Government Support …
What Are the Projections for the Size and Growth Rate of the Blockchain Technologies Market?
In recent times, there has been an explosive growth in the size of the blockchain technologies market. The market is projected to expand from a worth of $20.65 billion in 2024, surging to a staggering $31.73 billion in 2025, exhibiting a stellar compound annual growth rate (CAGR) of 53.6%. Factors such as the embrace of cryptocurrency…
Additive Manufacturing Market Size | Trends, Growth & Forecast 2024-2031 | Top k …
The Global Additive Manufacturing Market reached USD 14 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 62 billion by 2031. The market is growing at a CAGR of 24.5% during the forecast period 2024-2031.
Additive Manufacturing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers…
Prominent PC Gaming Mouse Market Trend for 2025: High-End Wireless Gaming Mouse …
How Are the key drivers contributing to the expansion of the pc gaming mouse market?
The increasing popularity of e-sports is expected to fuel the growth of the PC gaming mouse market. E-sports, or competitive video gaming, has become more accessible due to affordable gaming devices and high-speed internet. PC gaming mice are essential for e-sports, providing precision, customization, and ergonomic design for competitive advantage. In January 2023, the Entertainment Software…
Rising EV Adoption Drives Panel Rack Mount Power Connector Market Growth Driver: …
What industry-specific factors are fueling the growth of the panel rack mount power connector market?
The increasing adoption of electric vehicles (EVs) is expected to propel the growth of the panel rack mount power connector market. EVs are becoming more popular due to environmental concerns, better battery technology, government incentives, and lower operating costs. Panel rack mount power connectors are crucial in EV charging stations, providing reliable and efficient power connections…
Shaping the Broadcast Communications Equipment Market in 2025: Wireless Technolo …
How Big Is the Broadcast Communications Equipment Market Expected to Be, and What Will Its Growth Rate Be?
In recent times, the market size for broadcast communications equipment has seen substantial growth. From $578.89 billion in 2024, it is projected to rise to $626.33 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 8.2%. The growth witnessed in the past can be credited to factors such as the advent…
Rising Skin Problem Prevalence Fuels The Personal-Use Facial Device Market Growt …
What combination of drivers is leading to accelerated growth in the personal-use facial and skin therapy devices market?
The rising prevalence of skin problems is expected to drive the growth of the personal-use facial and skin therapy device market. Skin issues, caused by factors such as pollution, aging, and UV exposure, are on the rise. Personal-use facial and skin therapy devices offer non-invasive solutions for conditions like acne and help improve…
Leading Growth Driver in the Backlight LED Market in 2025: Demand In The Adverti …
What Are the Market Size and Growth Forecast for the Backlight LED Market?
In recent times, the market size for backlight LED has seen a slight decrease. The drop will go from $0.83 billion in 2024 to $0.82 billion in 2025, driven by a compound annual growth rate (CAGR) of -1.6%. The reduction during the historical period is largely due to the effects of the COVID-19 pandemic, as well as the…
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