Information Technology & Services

  Aviation IoT Industry Overview The global  aviation IoT market  size is anticipated to reach USD 22.51 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.4% from 2021 to 2028. The aviation industry is tectonically shifting toward automated and intelligent systems in line with the continued advances in technology. At this juncture, IoT (internet of things) devices are emerging as crucial devices for the incumbents of the aviation industry to gather real-time data and derive actionable insights.   The aviation industry is continuously adopting a digital ecosystem and is subsequently set to generate large volumes of data. The development of a more recent version of the Internet Protocol (IP), Internet Protocol version 6 (IPv6), has already improved the data handling capability and the overall functionality. The introduction of low-power terrestrial networks in L-band to support 5G connectivity is expecte...

  Predictive Dialer Software Industry Overview The global  predictive dialer software market  size is expected to reach USD 12.19 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 37.0% from 2021 to 2028. Predictive dialer software uses statistical algorithms to predict the availability of contact center agents and estimates the normal time for phone calls to be answered. The dialing rate is then adjusted accordingly considering these two factors. Businesses are widely adopting predictive dialer systems to reach out to a large number of customers automatically. Furthermore, predictive dialer dials from a list of phone numbers and can detect disconnected phone numbers, voicemail messages, busy signals, and unanswered numbers. Such a system potentially allows companies to keep their customers updated about a service issue or emergency. Numerous businesses across the globe are adopting predictive dialer software ...

  India Online Grocery Industry Overview The  India online grocery market  size is projected to reach USD 38.9 billion by 2028, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 37.1% from 2021 to 2028. The online grocery market in India has been thriving with consumers favoring the convenience of online shopping over neighborhood grocery retailers. Amid the COVID-19 pandemic, people have been careful to step out from the safety of their homes.   A rising number of individuals are shifting toward online grocery shopping for meeting their needs during the time of social distancing. The  online grocery market  in India, while still in its nascent stage, witnessed remarkable growth during the pandemic period and is set to pick up significantly as social distancing becomes the new normal and as traditional grocery retailing loses appeal across hitherto experience. Additionally, growing smartphone usage, coupled...

  Online Video Platform Industry Overview The global  online video platform market  size is expected to reach USD 22.85 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 18.4% from 2021 to 2028. The increasing adoption of video content for advertisement and branding activities over traditional marketing campaigns across sectors/industries, such as e-commerce, healthcare, manufacturing, and real estate, is driving the market. For instance, sellers on e-commerce sites such as Amazon and Zappos.com use product videos on their portals to provide customers a 360-degree view of products and help them choose the best match. The increased expenditure on online video advertisements is acting as a major factor driving the growth of the market. For instance, in 2019, SAMSUNG Electronics spent around USD 2.41 billion majorly on an online video campaign to promote its Galaxy series smartphones in the U.S.   ...

  Computer Vision Industry Overview The global  computer vision market  size is expected to reach USD 20.88 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.0% from 2022 to 2030. This technology has emerged as an emulation of a human visual system to support the automation tasks that require visual cognition. However, image deciphering is more complicated than analyzing data in a binary form due to the vast amount of multi-dimensional data in an image for analysis.   Artificial neural networks and deep learning are being used to increase computer vision's capabilities of replicating human ideas to address such complexity in developing AI systems to recognize visual data. Besides, this technology has become more adept at pattern recognition than the human optical cognitive system with the advent of deep learning techniques. For instance, in May 2022, the University of Illinois,...

  Podcasting Industry Overview The global  podcasting market  size is estimated to reach USD 94.88 billion by 2028, expanding at an estimated CAGR of 31.1% from 2021 to 2028, according to a new report by Grand View Research, Inc. Podcasting is an episodic series of digital media, often audio, that can be listened to or watched over the internet or downloaded on a device. The increasing popularity of audio-on-demand platforms is the primary factor driving the market growth. Other factors contributing to the market growth include minimal entry barriers for creators and easy accessibility for users, as they can listen to podcasts while performing tasks such as cleaning, walking, gardening, traveling, or exercising.   The recent evolution of podcasting content, wherein various creators are discussing undebated global scenarios, is bringing about numerous growth opportunities for the market growth. The subscriber base of podcasts pertaining to racism, patriarchy, and p...

  Data Center Colocation Industry Overview The global  data center colocation market  size is expected to reach USD 117.82 billion by 2028, recording a CAGR of 13.3% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. Several businesses and cloud service providers are shifting toward colocation or multi-tenant data centers, which is a key factor contributing to the market growth. Colocation is the preferred choice among numerous enterprises as it offers increased cost benefits compared to building and maintaining their own data center facility. Colocation data centers also offer operational flexibility while scaling up infrastructure to accommodate larger data volumes. With the rising costs of land, property, and IT infrastructure, these data centers are a viable option for SMEs due to limited IT spending.   The proliferation of online shopping worldwide is anticipated to upkeep the market growth over the next seven years. An increa...

  Telecom Power Systems Industry Overview The global  telecom power systems market  size is estimated to reach USD 5.85 billion by 2028, expanding at an estimated CAGR of 8.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for high-speed data connectivity and rising penetration of smartphones has escalated the demand for advanced telecom power systems globally. Factors such as the rising investments in hybrid telecom infrastructure, escalating demand for  video streaming , and a significant rise in digital content consumption are also expected to offer enormous growth opportunities for the market.   The surging energy consumption per household worldwide has compelled market players to develop innovations such as collaborative user interaction, distribution grid automation, and the automated system controls to ensure continuous power supply. Besides, the rising deployment of 5G network globally is compelling te...

  Telecom Services Industry Overview The global  telecom services market  size is expected to reach USD 2.47 trillion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2021 to 2028. Increased spending on next-generation wireless communication infrastructures due to the shift in customer preferences toward the 5G network and cloud-based technology is primarily driving the demand for telecom services. Furthermore, soaring demand for high-speed data connectivity, the rapid spread of digitalization worldwide, and the explosion of consumer-generated multimedia content via Over-The-Top (OTT) applications are some of the other key factors that are expected to significantly contribute to the industry growth.   With the plurality of telecom services, networks, and providers, the sector has emerged as one of the acute components essential for global socio-economic development. The rapid adoption of smart...

  Laser Marking Machine Industry Overview The global  laser marking machine market  size is estimated to reach USD 5.03 billion by 2028, expanding at a CAGR of 8.0% over the forecast period, according to a study conducted by Grand View Research, Inc. Rising adoption of advanced marking technologies across industries such as machine tools and aerospace and the growing demand for precision marking on manufactured products to improve product’s traceability are some of the factors driving the market growth. Wide-scale applications in the marking of machine tools and equipment especially in the automotive and semiconductor and electronics industries are anticipated to fuel the market demand from 2020 to 2027.   Governments are implementing regulations for permanent marking on products for identification and traceability purposes across defense as well as healthcare industry. For instance, the U.S. Department of Defense has a MIL-STD-130 standard, under which, the ...

  Hydroponics Industry Overview The global  hydroponics market  size is estimated to reach USD 9.76 billion by 2028, exhibiting a CAGR of 20.7% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The adoption of smart farming technologies, such as vertical farming , which has helped the evolution of hydroponics, is expected to spur market growth. Continuous improvements in hydroponics technologies and the introduction of innovative, state-of-the-art technologies, including environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, are likely to fuel the demand.   Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is expected to expand at a high CAGR over the forecast period. Aggregate hydroponics farming encompassed multipl...