Press Releases by Category IT, New Media & Software
U.S. Consumer Drone Sales Set to Soar with 13.9% CAGR
According to the latest market research study published by P&S Intelligence, the U.S. consumer drone market has witnessed remarkable growth, with revenues reaching USD 808.7 million in 2024. Projections indicate a surge to USD 2,273.5 million by 2032, reflecting a compound annual growth rate (CAGR) of 13.9% from 2025 to 2032.
This expansion is driven by factors such as the relaxation of government regulations on unmanned aerial vehicle (UAV) usage…
Mobile Wallet Market to Hit $113.1 Billion by 2032 | Top Key Players are Amazon …
According to the latest market research study published by P&S Intelligence, the global mobile wallet market is on a trajectory of significant expansion, with a valuation of USD 15.9 billion in 2024. Projections indicate a robust compound annual growth rate (CAGR) of 28.5% from 2025 to 2032, culminating in a market size of USD 113.1 billion by 2032. This surge is primarily driven by the unparalleled convenience mobile wallets offer,…
A Deep Dive into Virtual Try-On Technology Market 2025: Key Drivers, Growth Fact …
How Are the key drivers contributing to the expansion of the virtual try-on technology market?
The surge in online shopping uptake is anticipated to accelerate the expansion of the virtual try-on technology market. Online shopping is the act of buying goods or services over the internet. The popularity of online shopping has surged due to the convenience it offers, its broad array of product options, cost-friendly prices, and the flexibility of…
Rising Demand For Sustainable Energy Sources Fuels Growth In Turbine Motor Marke …
Which drivers are expected to have the greatest impact on the over the turbine motor market's growth?
The future growth of the turbine motor market is anticipated to be driven by the escalating demand for sustainable energy sources. The surge in demand for such energy sources stems from the imperative need to cut down greenhouse gas emissions and counteract climate change. Turbine motors play a pivotal role in power production in…
Transportation Security Technology Market Outlook 2025-2034: Key Trends, Growth …
What industry-specific factors are fueling the growth of the transportation security technology market?
With the growing menace of terrorism, it is anticipated that the transportation security technology market will correspondingly expand. Terrorism employs a strategic use of fear or violence in order to further political, religious or ideological objectives, and often targets innocent civilians or non-combatants. Its surge can be attributed to a web of socio-political complexities including grievances, ideology, and…
North America Mobility as a Service Market Projected to Touch US$ 53.3 Bn by 203 …
The North American Mobility as a Service (MaaS) market is experiencing significant growth, with projections indicating it will reach a valuation of US$ 53.3 billion by 2031. The market is driven by the rapid adoption of technology solutions aimed at enhancing urban mobility, improving transportation efficiency, and reducing carbon footprints. MaaS refers to the seamless integration of various transportation services into a single accessible and customer-friendly platform, offering users multi-modal…
Customer Intelligence Platform Market Trends, Active Key Players, and Growth Pro …
The global Customer Intelligence Platform Market was valued at $2149.36 million in 2022, and is projected to reach $21682.84 million by 2032, growing at a CAGR of 26.3% from 2023 to 2032. The global Customer Intelligence Platform Market is experiencing growth due to factors such as an increase in demand for personalized customer experiences, the growth in adoption of advanced analytics and AI, and a surge in focus on customer…
Identity and Access Management Market Size, Industry Shares, Global Growth and F …
According to the latest market research study published by P&S Intelligence, the global identity and access management (IAM) market is poised for significant growth, with its valuation projected to surge from USD 21.56 billion in 2024 to USD 66.31 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 15.20% during the forecast period (2025-2032).
This expansion is driven by the escalating need for secure and efficient access management…
Nanotechnology Market to Witness Remarkable Growth from 2021-2030
Allied Market Research, titled, "Nanotechnology Market By Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global nanotechnology market size was valued at $1.76 billion in 2020, and is projected to reach $33.63 billion by 2030, registering a CAGR of 36.4% from 2021 to 2030.
Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/5291
The nanotechnology market analysis is currently in its growth stage and is expected to register substantial growth shortly,…
Swarm Intelligence Market Is Projected to Gain $725.4 million By 2032
The Swarm Intelligence Market report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. Swarm intelligence is a branch of artificial intelligence inspired by the behavioral patterns observed in insects like ants, bees, and wasps. The global swarm intelligence market was valued at $28.5 million in 2022, and is projected to reach $725.4 million by 2032, growing at a…
Fire Alarm and Detection System Market to Undertake Strapping Growth During 2030
The Fire alarm and detection system market in Asia-Pacific is expected to grow at the highest rate during the forecast period. Increasing industrialization and urbanization, along with the surge in investments that are focused on infrastructure development across the developing countries in the Asia-Pacific region, mainly drive the growth of the market. There is exponential demand for fire alarm and detection system devices in this region, which is significantly contributed…
Field Service Management Market Projected to Expand to US$ 10.31 Bn by 2031 | Pe …
The global Field Service Management (FSM) market is experiencing a notable transformation as it is projected to reach a valuation of US$ 10.31 billion by 2031. Growing at a robust compound annual growth rate (CAGR), this market is driven by the increasing demand for efficient service delivery, the proliferation of mobile devices, and the surge in IoT (Internet of Things) technologies. Field service management refers to the coordination and management…
Wireless Power Transmission Market to Witness Remarkable Growth from 2024-2032
The global wireless power transmission market is expected to grow considerably, driven by the increasing demand for wireless charging solutions and the rise in disposable income in emerging economies such as India, South Korea, Brazil, and Dubai, particularly in the Asia-Pacific and LAMEA regions. Allied Market Research, titled, "Wireless Power Transmission Market By Technology, Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030", the global wireless power transmission market…
Leading Element Driving Change in the Semiconductor Plating System Market in 202 …
What market dynamics are playing a key role in accelerating the growth of the semiconductor plating system market?
The expansion of the semiconductor plating system market is forecasted to be fuelled by the escalating utilization of electric vehicles. Electric vehicles, which are vehicles powered wholly or partially by rechargeable batteries instead of internal combustion engines, are gaining popularity due to heightened environmental consciousness, government incentives, improved battery technology, and growing customer…
Natural Language Understanding (NLU) Market Predicted to Reach US$ 56.7 Bn by 20 …
The Natural Language Understanding (NLU) market is experiencing exponential growth, projected to reach a value of US$ 56.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 22.5%. NLU is a branch of artificial intelligence (AI) that enables machines to interpret, understand, and generate human language in a way that is meaningful. With its capabilities in voice assistants, chatbots, sentiment analysis, and language translation, NLU technology is…
BYOD Security Market Forecast 2025-2034: Analysing Major Trends, Opportunities, …
What industry-specific factors are fueling the growth of the byod security market?
The increase in cyberattacks and data breaches is predicted to drive the growth of the BYOD security market. These breaches and attacks provide unlawful access to hackers, enabling them to infiltrate computer systems or networks, and steal private and sensitive financial and personal details of customers or users stored within. BYOD security allows workers remote access to company resources…
Distributed Acoustic Sensing Market Predicted to Reach US$ 6.5 Bn by 2032 - Pers …
The distributed acoustic sensing (DAS) market is poised for remarkable growth, with projections estimating its value to reach US$ 6.5 billion by 2032. DAS technology, which uses fiber-optic cables to detect sound vibrations along the length of the cable, has seen increasing adoption across various industries due to its ability to provide real-time monitoring and detection with high precision. Its applications range from oil and gas pipelines to structural health…
Symptom Checker Chatbots Market Forecast 2025-2034: Evaluating Growth Factors, S …
How Are the key drivers contributing to the expansion of the symptom checker chatbots market?
The surge in chronic diseases is predicted to fuel the expansion of the symptom checker chatbot market. Chronic diseases, which last a year or more and require ongoing medical attention or interfere with daily activities, are on the rise due to a variety of factors including an aging population, lifestyle habits, environmental effects, and social determinants.…
Shunt Reactor Circuit Market Set to Reach $3.48 Billion by 2029 with 7.2% Yearly …
What industry-specific factors are fueling the growth of the shunt reactor circuit market?
The escalation in the use of renewable energy is predicted to boost the growth of the shunt reactor circuit market in the future. Renewable energy stems from continually renewed natural sources like sunlight and wind, and it is utilised to create power in a sustainable manner. The increase in renewable energy use is credited to rising environmental concerns,…
A Deep Dive into No-Code Machine Learning Market 2025: Key Drivers, Growth Facto …
What industry-specific factors are fueling the growth of the no-code machine learning market?
Expected growth in the no-code machine learning market is being driven by the increasing uptake of the Internet of Things (IoT) technology. IoT is a term given to the extensive network of systems and devices that can interact, sharing data across the internet in order to automate tasks and boost operational performance. IoT's application is widely favored due…
High-Performance Computing Market Size, Industry Shares, Global Growth and Analy …
According to the latest market research study published by P&S Intelligence, the global high-performance computing (HPC) market is on a robust growth trajectory, with revenues projected to escalate from USD 52.36 billion in 2024 to USD 110.44 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.90% during the forecast period.
This surge is primarily driven by the increasing adoption of HPC technologies across various sectors, including research…
Data Center Liquid Cooling Market Predicted to Reach US$ 19.4 Bn by 2031 - Persi …
The global data center liquid cooling market is projected to reach a remarkable US$ 19.4 billion by 2031, reflecting a substantial growth trajectory. As data centers continue to expand to meet the increasing demands for cloud computing, big data, and internet-based services, the need for efficient cooling systems has become crucial. Traditional air cooling methods are increasingly proving inadequate due to the rising power density in servers, resulting in higher…
AI-Powered Sleep Optimization Solutions Market to Reach $40.52 Billion by 2034 | …
AI-Powered Sleep Optimization Solutions Market
The global AI-powered sleep optimization solutions market size was valued at USD 3.50 billion in 2024. The market is projected to grow from USD 4.46 billion in 2025 to USD 40.52 billion by 2034, exhibiting a CAGR of 27.8% during 2025-2034.
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Market Overview
AI-powered sleep optimization solutions utilize artificial intelligence (AI) to understand sleep patterns, furnish customized recommendations, and improve overall…
Global Aviation Cyber Security Market to Reach $7.44 Billion by 2029, Growing at …
Which drivers are expected to have the greatest impact on the over the aviation cyber security market's growth?
The surge in cyber-attacks is anticipated to propel the expansion of the aviation cyber security market. Cyber-attacks, which are strikes deliberately targeted at IT systems to illicitly access a computer or network, seek to disable, erase, corrupt, or pilfer data within these systems. In the aviation industry, application architectures, secure codes, stringent data…
Rising Demand for Cloud Computing Drives IT Asset Management Software Market Gro …
What market dynamics are playing a key role in accelerating the growth of the information technology (it) asset management software market?
The growth of information technology (IT) asset management software market is projected to be spurred by the advent of cloud computing. Offering on-demand access to a range of computing resources such as servers, storage, and software via the internet, cloud computing allows users to benefit from these services without the…
Parking Management Software Market Predicted to Expand to US$ 3.9 Bn by 2031 | P …
The parking management software market is set to experience significant growth, with the market size projected to reach US$ 3.9 billion by 2031. The increasing demand for smarter, more efficient, and automated parking solutions is a major driver behind this growth. As cities become more crowded and parking spaces become limited, parking management software offers an innovative solution to optimize parking space utilization, reduce congestion, and improve revenue collection. This…
Global Generative Artificial Intelligence (AI) In Virtual Reality Market Project …
What market dynamics are playing a key role in accelerating the growth of the generative artificial intelligence (ai) in virtual reality market?
The surging need for immersive experiences is slated to fuel the expansion of generative artificial intelligence (AI) in the virtual reality market. Immersive experiences encompass engaging environments that merge the physical and virtual realms, typically through modalities like virtual reality (VR), augmented reality (AR), and mixed reality (MR), delivering…
Leading Element Driving Change in the Generative Artificial Intelligence (AI) In …
Which drivers are expected to have the greatest impact on the over the generative artificial intelligence (ai) in medical imaging market's growth?
The advancing occurrence of persistent illnesses is anticipated to fuel the evolution of generative artificial intelligence (AI) in the medical imaging sector. Persistent illnesses are lasting health issues that continue consistently, often for a person's entire lifespan. Factors like unhealthy dietary habits, lack of physical exercise, and environmental exposure…
Leading Growth Driver in the Generative Artificial Intelligence (AI) In Elearnin …
What industry-specific factors are fueling the growth of the generative artificial intelligence (ai) in elearning market?
The rise in the usage of online educational platforms is anticipated to drive the expansion of generative artificial intelligence (AI) within the e-learning sector. These platforms are digital tools or systems engineered to provide educational material and promote learning via the internet. This surge in online education platforms can be attributed to the escalating need…
Generative Artificial Intelligence (AI) In Advertising Market Forecast 2025-2034 …
What combination of drivers is leading to accelerated growth in the generative artificial intelligence (ai) in advertising market?
Anticipated advancements in e-commerce are set to fuel the expansion of the generative artificial intelligence (AI) in advertising market. The surge in e-commerce can be attributed to the expansive utilization of digital technology, online shopping convenience, and wider internet accessibility. The role of generative artificial intelligence in advertising is crucial to E-commerce as…
Key Trends Shaping the Future Fault Current Limiter Market From 2025-2034: Ultra …
What market dynamics are playing a key role in accelerating the growth of the fault current limiter market?
The escalating demand for advanced and efficient power grid infrastructure is anticipated to drive the expansion of the fault current limiter market in the days ahead. Power grid infrastructure, essentially a sophisticated network involving power generation, transmission, and distribution to ensure a reliable and robust flow of electricity from producers to users, is…
Key Trend Reshaping the Remote Power Panel Market in 2025: Innovative Technologi …
Which drivers are expected to have the greatest impact on the over the remote power panel market's growth?
The surge in data centre development is anticipated to significantly fuel the expansion of the remote power panel sector. Data centres are installations that host computer systems and corresponding elements like storage and networking apparatus, developed to accumulate, administer, and process large scale data for various services and applications. The rapid progression in…
Transparent Caching Market Poised for 21.7% Growth, Set to Hit $1.9 Billion by 2 …
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How Are the key drivers contributing to the expansion of the transparent caching market?
Projected growth in the transparent caching market is influenced by a surge in internet traffic. The term internet traffic refers to the movement of packets of data across various networks, embodying all forms of data transmission and exchanges…
Rising Demand For Over-The-Top (OTT) Services Fueling Growth In The AI In Teleco …
What market dynamics are playing a key role in accelerating the growth of the ai in telecommunication market?
The surge in over-the-top (OTT) services, which are applications and services delivered via the internet bypassing conventional distribution channels like cable, is anticipated to stimulate the AI in telecommunications market's expansion moving forward. The market for OTT services has experienced dramatic growth in the past few years as consumers increasingly transition from traditional…
U.S. Video Conferencing Software Market Share, Growth, Development and Forecast …
According to the latest market research study published by P&S Intelligence, the U.S. video conferencing software market is experiencing robust growth, with a valuation of USD 817.5 million in 2024. Projections indicate a compound annual growth rate (CAGR) of 10.1% from 2025 to 2032, culminating in a market size of USD 1,755.0 million by 2032.
This upward trajectory is largely attributed to the widespread adoption of remote and hybrid work…
AI In Medical Diagnostics Market Forecast 2025-2034: Analysing Major Trends, Opp …
How are the key drivers contributing to the expansion of the ai in medical diagnostics market?
The growth of the AI in medical diagnostics market is predicted to be fueled by the rising investment in healthcare. Health expenditure, which constitutes a part of the overall revenue spent by public and private sectors on healthcare services, not only provides jobs for healthcare professionals but also increases earnings for healthcare workers, enlarges city…
Global AI As A Service Market Projected to Surpass $93.86 Billion by 2029 with 4 …
What combination of drivers is leading to accelerated growth in the ai as a service market?
The surge in the application of artificial intelligence is poised to accelerate the expansion of the AI as a service market in the future. Artificial intelligence entails the imitation of human mental operations by machines, predominantly computer systems. It provides opportunities for individuals and entities to try AI for a variety of uses with minimized…
Volunteer Management Platforms Market Poised for 18.8% Growth, Set to Hit $3.97 …
What industry-specific factors are fueling the growth of the volunteer management platforms market?
The growth of the volunteer management platforms market is anticipated to be fuelled by the rise in fundraising for charity. The procedure of accumulating financial donations from individuals, business entities, foundations, and other groups to back the operations and programs of nonprofit organizations is referred to as fundraising for charity. The escalation in fundraisings for charities is largely…
LiDAR for Automotive Market Analysis and Outlook Report 2025-2034
The global LiDAR for Automotive market is expected to grow at a CAGR of 17% from 2022 to 2029, from USD 1.12 billion in 2020 to USD 4.60 billion in 2029.
On March 28, 2025, Exactitude Consultancy., Ltd. released a research report offers a comprehensive examination of the various processes and materials used in the production of LiDAR for Automotive market goods. The market study excludes key regions that are accelerating…
Key Influencer in the Bid Management Software Market 2025: Impact Of Rising Clou …
How Are the key drivers contributing to the expansion of the bid management software market?
The growing popularity of cloud-based technologies is expected to drive the growth of the bid management software market. Cloud-based services, which allow for remote work and scalable digital solutions, are increasingly being adopted across industries. In the bid management software sector, cloud technologies facilitate real-time collaboration, data access, and streamlined processes. According to Eurostat, 45.2% of…
Distributed Energy Resource Management System Market Set to Reach $1.2 Billion b …
What market dynamics are playing a key role in accelerating the growth of the distributed energy resource management system market?
The rise in the use of renewable energy sources is anticipated to stimulate the expansion of the distributed energy resource management system market in the future. Renewable energy sources, such as sunlight, wind, water, and organic matter, are naturally occurring elements used to generate energy. The use of these sources is…
Artificial Intelligence Logo Generator Market Forecast 2025-2034: Evaluating Gro …
Which drivers are expected to have the greatest impact on the over the artificial intelligence logo generator market's growth?
The expansion of digital marketing is expected to drive the growth of the artificial intelligence logo generator market. Digital marketing refers to the use of digital channels and technologies to promote products, services, or brands to specific audiences. The rise of digital marketing is driven by factors such as increased internet use,…
Rising Smart Home Demand Fuels Growth In Artificial Intelligence For Interior De …
What industry-specific factors are fueling the growth of the artificial intelligence (ai) in interior design market?
The rising demand for smart homes is expected to drive the growth of AI in the interior design market. Smart homes are residences equipped with devices and systems that can be controlled remotely, offering improved convenience, energy efficiency, security, and overall living experience. The demand for smart homes is growing due to the affordability of…
Rising Industrial Automation Is Driving The Growth Of Rugged Handheld Electronic …
What combination of drivers is leading to accelerated growth in the rugged handheld electronic devices market?
The surge in industrial automation is anticipated to be a significant driver for the expansion of the rugged handheld electronic devices market. Industrial automation involves using control systems like robots or computers in various industries to operate multiple processes and machines, thus minimizing the requirement for human involvement. The rise in industrial automation stems from…
Artificial Intelligence (AI) For Earth Monitoring Market Forecast 2025-2034: Eva …
What combination of drivers is leading to accelerated growth in the artificial intelligence (ai) for earth monitoring market?
The increasing concerns about climate change, deforestation, and pollution are expected to propel the growth of AI in the earth monitoring market. These environmental issues are drawing heightened attention due to their significant impacts on the natural world. AI for earth monitoring is essential in analyzing environmental data, tracking changes, and implementing solutions…
Global 5G Core Market to Reach $105.06 Billion by 2029, Growing at 78% CAGR
What industry-specific factors are fueling the growth of the 5g core market?
The rapid increase in data traffic is projected to drive the expansion of the 5G core market in the future. Data traffic, also known as network traffic, is the amount of data being transferred through a network at any given moment. The use of 5G Core for managing data traffic comes with numerous benefits including improved network capabilities, service…
A Deep Dive into AI in Language Translation Market 2025: Key Drivers, Growth Fac …
Which drivers are expected to have the greatest impact on the over the ai in language translation market's growth?
The surge in e-commerce is anticipated to fuel the expansion of the AI in language translation market. E-commerce consists of online buying and selling of products and services, covering a range of internet-based business models. It permits dealings between businesses, consumers, and other parties via digital avenues. E-commerce is on the rise…
Microserver Market Poised for 15.8% CAGR Growth, Reaching $122.4 Billion by 2032
The global Microserver Market was valued at $28.8 billion in 2022, and is projected to reach $122.4 billion by 2032, growing at a CAGR of 15.8% from 2023 to 2032. The microserver market's development is affected by a few key determinants. The rising interest in information, handling power in different applications, such as distributed computing, edge processing, and information examination, drives the reception of microservers. These compact and energy-efficient servers…
5G Devices Market Booms: Trends, Innovations & Future Growth Outlook 2024-2031 | …
The Global 5G Devices Market is expected to grow at a CAGR of 74.96% during the forecast period (2024-2031).
5G Devices 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 businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers…
IoT in Education Market Set to Surge to $46.4 Billion by 2032 at a 18.6% CAGR
The global IoT in Education Market was valued at $8.7 billion in 2022, and is projected to reach $46.4 billion by 2032, growing at a CAGR of 18.6% from 2023 to 2032. The growth of the IoT in Education Market is majorly driven by development of wireless networking technologies, increase in cloud platform adoption, and advent of advanced data analytics & data processing. However, data security & privacy concerns and…
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