Information Technology & Services

  High-frequency Trading Server Industry Overview The global high-frequency trading server market size was valued at USD 387.9 million in 2020 and is expected to register a compound annual growth rate (CAGR) of 3.5% from 2021 to 2028. The need for Ultra-Low Latency (ULL) in the trading ecosystem and the advancements in quantum computing in financial services are expected to drive the market growth over the forecast period. Furthermore, a surge in the need for intent-based networking conducive to a high-frequency trading environment is expected to create opportunities for future growth. High-frequency trading (HFT) servers are based on mathematical algorithms and facilitate high-speed trading transactions in less than nanoseconds. One of the significant traits for such high-speed executions is high power computational analysis, which outperforms conventional stock trading servers. In recent years, market participants have focused on increasing their investments to develop sophisti...

  Europe Data Center Colocation Industry Overview The Europe data center colocation market size was valued at USD 12.81 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2021 to 2028. Building and operating a data center is an expensive affair and requires a large amount of capital. Small businesses often lack the budget to own a data center, which has led to the rising demand for data center colocation services across Europe. The deployment of colocation data centers helps enterprises in cutting down on maintenance costs while offering high bandwidth and scalability. Moreover, colocation presents an opportunity for data center providers to explore new strategic locations across Europe beyond the Frankfurt, London, Amsterdam, Paris (FLAP) markets. The market is driven by the significant demand for colocation services by hyperscale data center consumers such as large internet businesses and public cloud service providers. Besides build...

  Virtual Fitting Room Industry Overview The global virtual fitting room market size was valued at USD 2.73 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 25.2% from 2021 to 2028. The intervention of Augmented Reality (AR) and Virtual Reality (VR) in virtual fitting room solutions to articulate realistic impressions is expected to majorly fuel the market growth. Furthermore, the rising popularity of the e-commerce sector, growing concerns of online fashion retailers about delivering products that fit appropriately, and the need to cater to the customized demands of customers to survive in an increasingly competitive market are also expected to create promising growth opportunities for the market over the forecast period. A virtual fitting room, an online replica of an in-store changing space, was introduced in the form of 2D overlays and witnessed a slow start in the fashion retail industry. Nonetheless, the market has observed a robust deman...

  Aviation IoT Industry Overview The global aviation IoT market size was valued at USD 4.95 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2021 to 2028. The exponential growth in air passenger traffic and a strong emphasis on enhancing passenger experience are expected to fuel the growth of the market. Continuous advances in wireless technology and a growing preference for smart airport architecture are contributing to market growth. The aviation industry has witnessed an unprecedented increase in passenger traffic in recent years. Subsequently, airport authorities and airline operators worldwide are aggressively adopting the latest technologies to optimize their business flow and cope with the unabated growth in passenger traffic. The key aviation industry players are particularly adopting data-driven approaches to make their business decisions. Internet of Things (IoT) plays a vital role in collecting data in the aviation industry...

  Data Preparation Tools Industry Overview The global data preparation tools market size was valued at USD 3.08 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 18.6% from 2021 to 2028. Data preparation tools are mainly used for combing data from multiple sources and preparing the data for analysis. Data preparation tools have been in the market for a long time; however, there was a high need for expert assistance earlier. Data preparation finds greater acceptance in data-driven markets such as IT and BFSI. The primary function of these tools is to find the right data at the right time in an efficient way. However, issues arising in data preparation may lead to results that are insufficient and time-consuming, thereby hampering the decision-making process. Demand for self-service data preparation tools is increasing rapidly as enterprises and organizations continue to adopt advanced analytics and Business Intelligence (BI) platforms. Adopting a...

  Household Cooking Appliance Industry Overview The global household cooking appliance market size was valued at USD 261.22 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The increasing number of nuclear families, changing food habits, and the growing number of working women and single professionals are expected to drive the growth of the market over the forecast period. Stringent energy efficiency regulations applicable in different parts of the world, easy availability of household kitchen appliances on e-commerce websites, growing preference for home automation, and continued launches of smart cooking products are expected to contribute to the growth. The rising need to reduce human intervention and automate cooking has triggered several innovations in household cooking appliances. As such, manufacturers are typically retaining the original mechanisms and integrating the latest technologies into the modern appliance...

  Pay TV Industry Overview The global pay TV market size was valued at USD 230.68 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) exceeding 1.7% from 2021 to 2028. The emerging demand amongst consumers to leverage better quality content with high picture resolution is offering promising growth opportunities to the market. One of the primary growth drivers of the market is the ability to access high-quality content from different service providers on a single platform at affordable prices. Moreover, pay TV service providers now offer several value-added services such as customizable channel subscriptions, reduced subscription rates, internet connectivity, and bundled packages according to the users’ needs and demands, thus offering profit generation opportunities to service providers. Gather more insights about the market drivers, restrains and growth of the Global Pay TV market Service providers have started adopting integrated broadband broadc...

  Dehumidifier Industry Overview The global dehumidifier market size was valued at USD 3.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. The strong emphasis households are putting on controlling the moisture content in the ambient air to prevent any growth of bacteria and mold, which can pose health risks, is expected to drive the growth of the market over the forecast period. The eminent need to maintain appropriate moisture levels in industrial environments to control the quality of the production is expected to contribute to the growth. Continued industrialization and the growing need for energy-efficient products also bode well for the growth of the market. The U.S. market is expected to register significant growth over the forecast period. Consumers in the U.S. are giving a high preference for healthier indoor environments. As a result, the demand for advanced portable dehumidifiers with automatic temperature and...

  Roaming Tariff Industry Overview The global roaming tariff market size was valued at USD 70.76 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. The rising number of mobile phone subscribers, international tourism, and government regulations are the significant factors expected to influence market growth. The advent and adoption of 5G are anticipated to be the primary growth driver in the coming years. In addition, network service providers are rolling out special roaming packages that provide cost-effective solutions to their users. Such solutions are expected to benefit the service providers as well as the subscribers, thereby resulting in market growth. The spread of COVID-19 in 2020 adversely affected the market, mainly due to international travel restrictions. These international travel restrictions and lockdown imposed across several countries resulted in a shortfall in international roaming revenue in 2020. This tr...

  Contactless Payment Industry The global contactless payment market size was valued at USD 1.34 trillion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 20.3% from 2021 to 2028. The growth can be attributed to the increasing adoption of digital payment platforms across the globe. Nowadays, customers are focusing on making seamless payments for many of their daily transactions. Moreover, increasing expectations for secure and integrated ways to pay for any service or product are expected to drive market growth. The growing convenience of the low-value payment offered by contactless payment solutions is anticipated to propel market growth. Cardholders are encouraged to use these solutions by advertising campaigns that highlight the convenience and speed of contactless payment. These solutions are widely deployed by merchant outlets that sell low‑value products such as snacks and drinks. Moreover, card issuers are increasingly adding contactless functi...

  High-k And CVD ALD Metal Precursors Industry Overview The global high-k and CVD ALD metal precursors market size was valued at USD 482.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The growth of the market can be attributed to the low thermal stability of metal-organic composites. Extensive R&D activities by key companies are expected to improve copper metallization processes, are anticipated to accelerate the demand for deposition of first-row metal films (conducting) and dielectric (insulating) precursors onto microelectronic devices. In 2020, the COVID-19 pandemic negatively impacted several industries across the world, including the high-k and ALD/CVD metal precursors market. Therefore, responding to the COVID-19 pandemic remained the major challenge for most semiconductor industry players in 2020. Most of the manufacturing plants across the world were closed or shut down due to the COVID-19-induced lockdo...

  Server Industry Overview The global server market size was valued at USD 83.66 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2021 to 2028. A server is a physical and virtual centralized database used to store and share information across multiple computers connected across a network. The growing number of new data centers globally is one of the key factors expected to fuel market growth. Several cloud service providers and industries, such as IT and telecom, healthcare, BFSI, and government and defense, are engaged in upgrading their servers to manage the continuously rising volume of data. The upgradation of the IT infrastructure provides enhanced security, storage, and processing speeds for managing higher data volumes. The COVID-19 pandemic has caused a minor dent in the sales of servers, thereby affecting the market growth. However, amid the lockdowns announced by several governments globally, numerous organizations have adop...

  Set Top Box Industry Overview The global set top box market size was estimated at 22.57 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of more than 3.2% from 2021 to 2028. The rising internet and broadband penetration and the growing preference for HD channels and on-demand video services are the factors expected to drive the market growth. Transitions across the digital TV arena have played a vital role in transforming the customers’ attitude towards the consumption of media content over the internet and television. A significant surge in the viewership across OTT platforms, such as Amazon Prime Video, Hulu, Disney+ Hotstar, and Netflix, is also expected to contribute to high revenue generation over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Set Top Box market With an increase in disposable income and the progressing middle-class population, the demand for media-rich home entertain...