Press Releases by Category IT, New Media & Software
Generative AI In Fraud Detection And Prevention Fuels Growth In The BFSI Market: …
What market dynamics are playing a key role in accelerating the growth of the generative artificial intelligence (ai) in banking, financial services, and insurance (bfsi) market?
A surge in financial fraud is anticipated to spur the expansion of generative artificial intelligence (AI) in the banking, financial services, and insurance (BFSI) industry. Financial fraud is defined as any deliberate deception or misrepresentation to acquire money, assets, or other financial advantages illicitly. The…
Furan Resin For Casting Market Outlook 2025-2034: Key Trends, Growth Drivers, an …
Which drivers are expected to have the greatest impact on the over the furan resin for casting market's growth?
The escalating demand from aerospace industries for materials of lesser weight is anticipated to steer the progression of the furan resin for casting market. The aerospace sector comprises firms that specialize in the fabrication, production, and maintenance of aeronautical, astronautical, and related systems, encompassing both civilian and military sectors. The burgeoning need…
Global Smart Homes Market To Reach $327.74 Billion By 2029 With A Growth Rate Of …
The smart homes report describes and explains the smart homes market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global smart homes market reached a value of nearly $126.92 billion in 2024, having grown at a compound annual growth rate (CAGR) of 14.37% since 2019. The market is…
Key Trend Shaping the Preventive Healthcare Technologies and Services Market in …
The preventive healthcare technologies and services report describes and explains the preventive healthcare technologies and services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global preventive healthcare technologies and services market reached a value of nearly $296.47 billion in 2024, having grown at a compound annual growth…
Primary Catalyst Driving Data Lakehouse Market Evolution in 2025: Impact Of Incr …
What combination of drivers is leading to accelerated growth in the data lakehouse market?
The growth of the data lakehouse market is anticipated to be boosted by the rise of digitalization. Digitalization involves transforming both information and operations into a digital form, which can enhance efficiency, accessibility, and innovation. The growth in digitalization is propelled by technology breakthroughs, heightened need for efficiency and productivity, a wish for improved customer experiences, and…
Prominent Cycling Tourism Market Trend for 2025: Development Of Extensive Cyclin …
How Are the key drivers contributing to the expansion of the cycling tourism market?
The escalating preference for environmentally-friendly tourism is projected to stimulate the advancement of the cycling tourism industry moving forward. This kind of travel embraces tourism strategies that reduce environmental effects and endorse sustainability, often by shrinking carbon emissions, saving resources, and aiding local ecosystems. There's a growing trend towards this type of travel due to heightening awareness…
Global Location-Based Entertainment Market Set For 24.23% Growth, Reaching $11.7 …
The location-based entertainment report describes and explains the location-based entertainment market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global location-based entertainment market reached a value of nearly $3.86 billion in 2024, having grown at a compound annual growth rate (CAGR) of 10.76% since 2019. The market is…
Category Management Software Market Forecasting the Future 2032 and Revolutionar …
Global category management software market is estimated to be valued at US$ 1.90 Bn in 2025 and is expected to reach US$ 3.97 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2025 to 2032.
The latest report from Coherent Market Insights analyzes the growth prospects of the Category Management Software Market from 2025 to 2032. This comprehensive study examines industry size, market share, business trends, and…
Rising Global Electricity Demand Fuels Expansion of Three-Phase Smart Electric M …
What industry-specific factors are fueling the growth of the three phase smart electric meter market?
The growing need for power is projected to stimulate the expansion of the market for three-phase smart electric meters. A rise in electricity usage can be attributed to factors such as population expansion, increased industrial activities, and the elevated usage of high-energy technologies. Three-phase smart electric meters play an essential role in handling this increased power…
Globalization Of Media Content Drives Growth In The Market: A Key Factor Shaping …
What combination of drivers is leading to accelerated growth in the artificial intelligence (ai) dubbing tools market?
The upward trend of media content becoming more global in nature is predicted to fuel the expansion of the artificial intelligence (AI) dubbing tools market. Globalization of media content centers on tailoring and disseminating content around the globe to ensure its appeal to various linguistic, cultural and regional demographics. The growth in this area…
Growing Cloud Services Adoption Fuels Demand in the Data Center GPUs Market Driv …
What market dynamics are playing a key role in accelerating the growth of the data center graphics processing unit (gpu) market?
The surge in utilization of cloud services is anticipated to fuel the expansion of the data center graphics processing units (GPUs) market in the future. Cloud services, which offer computing resources such as storage, processing power and software applications over the internet, eliminates the need for users to possess or…
Primary Catalyst Driving Social Networking Market Evolution in 2025: The Impact …
How Are the key drivers contributing to the expansion of the social networking market?
The rise in internet utilization is projected to fuel the expansion of the social networking market in the future. Internet penetration pertains to the level of internet access and usage in a certain population or geographical region. This growth in internet penetration can be attributed to enhanced infrastructure, lower internet connectivity and device prices, and increasing digital…
GEO Satellite Market Report 2025: Size, Trends, And Growth Insights For Global E …
The GEO satellite market report describes and explains the GEO satellite market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global GEO satellite market reached a value of nearly $17.24306 billion in 2024, having grown at a compound annual growth rate (CAGR) of 2.44% since 2019. The market…
Computer Microchip Market Outlook 2025-2034: Key Trends, Growth Drivers, and Mar …
What industry-specific factors are fueling the growth of the computer microchip market?
The computer microchip market is predicted to flourish due to the growing acceptance of consumer electronics. Personal use electronic devices, particularly designed for pleasure, connection, and personal regulation, are considered consumer electronics. They simplify everyday life using easy-to-use technology. The surge in the consumption of consumer electronics springs from an array of factors like internet connectivity, remote learning and…
Global Residential Robotic Vacuum Cleaner Market Projected to Surpass $5.4 Billi …
Which drivers are expected to have the greatest impact on the over the residential robotic vacuum cleaner market's growth?
The growth of the residential robotic vacuum cleaner market is anticipated to be propelled by the increasing working population. The term 'working population' is used to represent the part of the population that is currently employed or actively seeking a job, generally those who are aged between 15 to 64. The growth…
Enterprise Multi-Cloud Management Solutions Market: Navigating Complex Cloud Eco …
The Global Enterprise Multi-Cloud Management Solutions Market report, spanning over 135+ pages, provides a comprehensive overview of the product/industry scope and outlines the market outlook and status from 2024 to 2032. The study is segmented by key regions driving market growth. Currently, the market is expanding its presence, with notable contributions from key players such as IBM Corporation, Microsoft, Oracle, VMware, AWS, Google Cloud, Cisco Systems, Alibaba Cloud, HPE, Dell…
Cognitive Search Tools Market Forecast 2025-2034: Evaluating Growth Factors, Seg …
Which drivers are expected to have the greatest impact on the over the cognitive search tools market's growth?
The increasing adoption of artificial intelligence (AI) is expected to propel the growth of the cognitive search tools market. AI is becoming essential in various industries due to its ability to enhance efficiency, automate tasks, and provide insights from large data sets. In particular, AI improves cognitive search tools by enabling more personalized,…
Graphics Processing Unit Market to Achieve US$202.2 Bn by 2031 - Persistence Mar …
The global Graphics Processing Unit market has grown exponentially and is expected to continue its upward trajectory. According to projections by Persistence Market Research, the market value is set to grow from US$52.34 billion in 2024 to US$202.2 billion by 2031, representing a compound annual growth rate (CAGR) of 21.3%. Several factors have contributed to this robust growth, including the surging demand for high-performance gaming and artificial intelligence (AI) applications,…
Rising Concerns Over Data Breaches Driving Growth In The Automated Data Platform …
Which drivers are expected to have the greatest impact on the over the automated data platform market's growth?
The increasing concerns over data breaches are expected to drive the growth of the automated data platform market. A data breach occurs when unauthorized individuals gain access to, disclose, or steal sensitive information. Data breaches are caused by weak security measures, human errors, phishing attacks, or software vulnerabilities. Automated data platforms help prevent…
Productivity Management Software Market Revolutionary Insights into Trends, Dyna …
In 2023, the global productivity management software market was valued at approximately USD 54.78 billion. Projections indicate that by 2032, the market size will reach around USD 203.44 billion, reflecting a compound annual growth rate (CAGR) of 14.02% during the forecast period.
Productivity Management Software Market Overview
Productivity management software encompasses tools designed to enhance organizational efficiency by streamlining workflows, facilitating collaboration, and optimizing task management. The market's growth is driven by…
AI Integration in Personalized Travel Enhancing Customer Experiences with Tailor …
What industry-specific factors are fueling the growth of the artificial intelligence (ai) in travel market?
The growth of global tourism is anticipated to drive the expansion of the artificial intelligence (AI) in travel market. Global tourism involves individuals traveling internationally for leisure, business, or other purposes, promoting cultural exchange, economic growth, and global connections. The growth in global tourism is fueled by rising disposable incomes, easier access to international travel, a…
Cloud Operations Support Systems (OSS) Business Support System (BSS) Market Size …
Data Bridge Market Research analyses that the cloud Operations Support Systems (OSS) Business Support System (BSS) market which was USD 18.44 million in 2022, is expected to reach USD 48.68 million by 2030, and is expected to undergo a CAGR of 12.9% during the forecast period of 2023 to 2030.
Market Definition:
The words operations support system (OSS) and business support system (BSS) are interchangeable in the telecommunications sector. The distinction highlights…
Impact Of Growing Cloud Services Adoption On The AI In Digital Transformation Ma …
What combination of drivers is leading to accelerated growth in the artificial intelligence (ai) in digital transformation market?
The increasing adoption of cloud services is anticipated to drive the growth of the AI in digital transformation market moving forward. Cloud services provide computing resources like servers, storage, databases, networking, software, and analytics over the internet, allowing users to access these resources remotely. These services are known for their scalability and flexibility,…
Key Influencer in the Applied Artificial intelligence (AI) Market 2025: Role Of …
How Are the key drivers contributing to the expansion of the applied artificial intelligence (ai) market?
The surge in accessible data is projected to fuel the expansion of the market for applied artificial intelligence (AI). The term data availability signifies how readily data is available and functional for evaluation and decision-making procedures. The ever-increasing availability of data can be attributed to the wide distribution of digital gadgets, internet proliferation, and strides…
Live Streaming Market to Grow to US$250.2 Bn by 2031 - Persistence Market Resear …
Live Streaming Market: Overview and Key Insights
The global live streaming market has experienced significant growth in recent years, driven by advancements in technology, increased internet penetration, and growing demand for digital content. Live streaming, which involves the real-time transmission of video and audio content to an audience over the internet, has become a pivotal form of entertainment, education, and business communication. The market's rapid expansion is supported by innovations in…
Rising Social Media Usage Fuels Growth In Advocacy Software Market Driver: Leadi …
What industry-specific factors are fueling the growth of the advocacy software market?
The continual rise in social media utilization is anticipated to fuel the expansion of the advocacy software market. Online platforms, typified by facilitated content creation, sharing, interaction, and accessible global community building, are what social media constitutes. The growing popularity of social media hinges on its user-friendly connections, instantaneous information availability, platforms for individual expression, and business prospects. Advocacy…
In-Depth Analysis of the Wearable AI Devices Market: Growth Opportunities, Key T …
What combination of drivers is leading to accelerated growth in the wearable ai devices market?
The increasing demand for augmented reality (AR) and virtual reality (VR) devices is expected to drive the growth of the wearable AI devices market in the future. AR devices overlay digital content onto the real world, while VR devices immerse users in a completely virtual environment. These immersive experiences are driving the demand for AR/VR devices,…
Advanced Materials for Semiconductor Market Projected to Reach USD 176.4 Billion …
Advanced materials play a vital role in the semiconductor industry, fueling innovation and facilitating the development of high-performance electronic devices. These materials, including substrates, epitaxial wafers, dielectrics, and conductive components, are essential for manufacturing next-generation semiconductors. The increasing demand for advanced electronics, along with rapid technological progress, is driving the growth of the advanced materials for semiconductor market.
The Advanced Materials for Semiconductor market is set for strong growth from 2024…
Warmer Display Cases Market Forecast 2025-2034: Analysing Major Trends, Opportun …
How Are the key drivers contributing to the expansion of the warmer display cases market?
The growing demand for convenience foods is expected to drive the growth of the warmer display cases market. Convenience foods, which are quick to prepare and require minimal cooking, are in high demand due to changing lifestyles and urbanization. Warmer display cases are essential for keeping these foods at optimal temperatures, improving their presentation and increasing…
Primary Catalyst Driving Virtualization Software Market Evolution in 2025: Cloud …
What market dynamics are playing a key role in accelerating the growth of the virtualization software market?
The increasing demand for cloud-based services is expected to propel the growth of the virtualization software market. Cloud-based services, such as storage, processing power, and software applications, are accessed over the internet, offering scalability, cost-effectiveness, enhanced collaboration, and improved data security. As businesses increasingly rely on cloud services, virtualization software plays a key role…
Leading Element Driving Change in the Vision Guided Robotics Software Market in …
How Are the key drivers contributing to the expansion of the vision guided robotics software market?
The increasing adoption of robotics across various industries is expected to propel the growth of the vision-guided robotics software market. Robotics, with its ability to improve efficiency, reduce costs, and enhance automation, is being increasingly integrated into industries like manufacturing, logistics, and healthcare. Vision-guided robotics software plays a pivotal role in improving robotic capabilities by…
Access Control Market on Track to Reach US$ 43.06 Bn by 2031 - Persistence Marke …
The access control market has witnessed significant growth in recent years, driven by increasing security concerns, advancements in technology, and the growing need for identity verification systems across various industries. Access control systems are designed to protect physical and digital assets by managing and monitoring who can access certain locations, systems, or data. As businesses and institutions continue to prioritize security, the demand for advanced access control solutions is poised…
Comprehensive Virtual Dressing Rooms Market Insights: Forecasting Size, Growth, …
What market dynamics are playing a key role in accelerating the growth of the virtual dressing rooms market?
The growing popularity of online shopping is expected to propel the growth of the virtual dressing room market. The rise of online shopping, driven by factors such as convenience, product selection, and ease of price comparison, is changing the retail landscape. Virtual dressing rooms enhance the online shopping experience by allowing customers to…
Global Vendor Management Software Market to Reach $21.02 Billion by 2029, Growin …
What combination of drivers is leading to accelerated growth in the vendor management software market?
Similarly, the expanding retail industry is likely to propel the growth of the vendor management software market. As the retail sector grows, driven by increased consumer spending, e-commerce expansion, and changing shopping behaviors, the need for efficient management of supplier relationships and inventory systems is becoming more critical. Vendor management software helps retailers streamline operations, reduce…
Vendor Risk Management Market Poised for 13.6 % Growth, Set to Hit $15.71 Billio …
What industry-specific factors are fueling the growth of the vendor risk management market?
The rising frequency of data breach incidents is expected to propel the growth of the vendor risk management market. Data breaches, which expose sensitive information to unauthorized access, are increasingly common due to the rise in cyber threats and the expanding digital landscape. Vendor risk management helps mitigate these risks by identifying vulnerabilities and ensuring that third-party suppliers…
Unified Communication Market Poised for 17.8 % Growth, Set to Hit $180.09 Billio …
Which drivers are expected to have the greatest impact on the over the unified communication market's growth?
The growing trend of digital transformation is expected to propel the unified communication (UC) market. Digital transformation, which involves integrating digital technologies throughout an organization, has become essential as businesses shift their operations to align with technological advancements. UC platforms, which integrate various communication tools such as voice, video, and messaging, are pivotal in…
Global Unified Communications And Collaboration (UCC) Market Projected to Surpas …
What market dynamics are playing a key role in accelerating the growth of the unified communications and collaboration (ucc) market?
The increase in remote work is expected to fuel the growth of the unified communications and collaboration (UCC) market. With the growing popularity of remote work, driven by advancements in digital tools and changing work dynamics, organizations need solutions that enable seamless communication and collaboration across remote teams. UCC platforms offer…
Primary Flight Display Market Predicted to Reach US$ 1.47 Bn by 2031 - Persisten …
The primary flight display (PFD) market is an integral part of the aviation industry, specifically in the cockpit instrumentation used to provide pilots with essential flight information. A primary flight display is a critical component that offers real-time flight data such as altitude, speed, heading, and attitude, aiding pilots in navigating aircraft safely. Over the years, the demand for primary flight displays has surged due to technological advancements, safety regulations,…
Comprehensive Ultra Portable Internet Devices Market Insights: Forecasting Size, …
Which drivers are expected to have the greatest impact on the over the ultra portable internet devices market's growth?
The increasing number of internet users is expected to drive the growth of the ultra-portable internet devices market. With enhanced global connectivity and better access to the internet, the number of internet users has been rising rapidly. Ultra-portable internet devices, which allow users to access the internet seamlessly while on the go,…
Comprehensive Tobacco Alternative Gums Market Insights: Forecasting Size, Growth …
What market dynamics are playing a key role in accelerating the growth of the tobacco alternative gums market?
The heightened awareness of the risks associated with smoking is expected to drive the growth of the tobacco alternative gums market in the future. Smoking-related hazards refer to the adverse health effects caused by inhaling tobacco smoke. The increased efforts in public health campaigns, extensive scientific studies, and stricter policy regulations have played…
Event Management Services Market Forecasted to Hit US$2,815 Bn by 2031 - Persist …
Market Overview and Growth Drivers
The event management services market is projected to grow from US$1,319 billion in 2024 to US$2,815 billion by 2031, reflecting a robust compound annual growth rate (CAGR) of 11.4% over the forecast period. This growth is primarily attributed to the increasing demand for specialized event services and the rise in corporate and social events globally. Technologies such as AI, automation, and data analytics are transforming how…
Professional Services Automation Software Market to Surpass US$ 26.46 Bn by 2031 …
The Professional Services Automation (PSA) software market has witnessed significant growth over the past decade. With businesses increasingly adopting advanced technologies to streamline operations, reduce inefficiencies, and enhance overall productivity, PSA solutions have gained prominence across industries. These software solutions enable organizations to manage projects, resources, finances, and client relationships more effectively. As a result, PSA software has become an essential tool for firms offering professional services, including IT consultancies,…
Food E-commerce Market 2024-2032: Industry Outlook, Trends Analysis, New Opportu …
Food e-commerce is an online platform that delivers groceries and food products to customers right at their homes. The increasing need for premium and nutritious food items is anticipated to enhance the need for online shopping. E-commerce has developed over the years by enhancing security and increasing accessibility. It is an easy and efficient way to purchase groceries without having to visit conventional stores. The adoption of online retail is…
Cellular IoT Market to See a Growth of 20.3% CAGR by 2033 | Persistence Market R …
The Cellular Internet of Things (IoT) market is poised for significant growth in the coming years, with a compound annual growth rate (CAGR) of 20.3% expected through 2033. The market is driven by the increasing integration of cellular technologies with IoT systems, offering more reliable, efficient, and secure connectivity for a wide range of applications, from smart homes and healthcare to industrial automation and automotive systems. The global cellular IoT…
Location-based Advertising Market to Achieve US$ 14.25 Bn by 2032 - Persistence …
Overview of the Location-Based Advertising Market
The global location-based advertising market is on track to expand from USD 107.61 billion in 2024 to USD 283.28 billion by 2031, growing at a compound annual growth rate (CAGR) of 14.8% during the forecast period. This growth is driven by several factors, including the increasing penetration of smartphones, enhanced GPS technology, and the growing demand for more effective and efficient marketing strategies. The ability…
Critical Infrastructure Protection (CIP) , Market 2025-2032: Industry Outlook, T …
The Critical Infrastructure Protection (CIP) market is estimated to be valued at USD 145.88 Bn in 2025 and is expected to reach USD 197.33 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2032.
The latest report from Coherent Market Insights analyzes the growth prospects of the Critical Infrastructure Protection (CIP) , Market from 2025 to 2032. This comprehensive study examines industry size, market…
RFID Chips Market to exceed USD 23.2 billion by 2031, at a CAGR of 12.3 % - Repo …
The RFID chips market is set to experience significant growth from 2023 to 2031, fueled by the rising demand for efficient asset tracking and management across diverse industries. This article presents an in-depth analysis of the RFID chips market, including an overview, market size, growth prospects, segmentation, regional insights, key drivers, challenges, emerging trends, future outlook, essential study points, competitive landscape, and recent developments.
According to a study by Transparency Market…
PropTech Market: An Analysis of Size, Shares, Business Growth, and Upcoming Tren …
Global PropTech market is estimated to be valued at US$ 44.88 Bn in 2025 and is expected to reach US$ 119.45 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 15.0% from 2025 to 2032.
The latest report from Coherent Market Insights analyzes the growth prospects of the PropTech Market from 2025 to 2032. This comprehensive study examines industry size, market share, business trends, and key growth factors, providing…
Business Process Automation Market Set to Reach US$ 33.4 Bn by 2032 - Persistenc …
The global business process automation (BPA) market is experiencing significant growth, fueled by the increasing demand for operational efficiency and cost reduction across industries. In 2025, the BPA market is expected to reach a size of USD 15.3 billion, with predictions pointing towards a robust compound annual growth rate (CAGR) of 11.7%. By 2032, the market is expected to attain a value of USD 33.4 billion. This growth is propelled…
Pcb Design Software Market 2025-2032: Industry Outlook, Trends Analysis, New Opp …
Pcb Design Software Market is estimated to be valued at USD 5.04 Bn in 2025 and is expected to reach USD 11.35 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 12.3% from 2025 to 2032.
The latest report from Coherent Market Insights analyzes the growth prospects of the Pcb Design Software Market from 2025 to 2032. This comprehensive study examines industry size, market share, business trends, and key…
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