Information Technology & Services

  Cash Logistics Industry Overview The global cash logistics market size was valued at USD 23.03 billion in 2021 and is expected to expand at a CAGR of 8.2% from 2022 to 2030 as there is an alarming need for safety in cash handling practices. Factors such as the growing cash transactions, rise in the demand for the presence of ATMs, and surge in demand for the cash vaults are the major factors boosting the global logistics market. Additionally, an increase in the number of ATMs by banks in the urban as well as the rural areas to offer better services to the customer is also expected to create lucrative growth opportunities for the market over the forecast period. Subsequently, the cash needs to be moved periodically, and hence its safe and reliable transportation is of huge concern. Therefore, automated processes play a significant role in resolving challenges in logistics. Companies are developing Al-based ATM security software to increase accuracy in cash replenishment services...

  Smart Toys Industry Overview The global  smart toys market  size is expected to reach USD 34.13 billion by 2028, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 16.5% from 2021 to 2028. The rise in disposable income, coupled with the growing demand for coding skills, is fueling the growth of the market. The growing importance of coding and STEM learning in schools and other organizations is propelling the demand for smart toys. The use of educational robots in classrooms for storytelling and play-to-learn interactive tablet toys help in delivering superior gaming and learning experience to students and players. Key players in the market are utilizing TV media and famous cartoon characters to capitalize on branded content to improve the entertainment value. The inclusion of social media and OTT platforms provides companies in the market to garner a larger consumer base in the market. Dora the Explorer and Sesame Street are some ...

  U.S. Skilled Nursing Facility And Rehabilitation Industry Overview The  U.S. skilled nursing facility and rehabilitation market  size is expected to reach USD 308.8 billion by 2030, expanding at a CAGR of 3.99%, according to a new report by Grand View Research, Inc. The growing incidences of chronic conditions such as diabetes, paralysis, hypertension, etc, and the rising geriatric population is expected to fuel the market over the next few years. In 2019, the geriatric population over 65 has increased up to 9% out of which 14.3 majorities of adults above the age of 65 years suffered from chronic disease and need these facilities. Medicare and Medicaid availability and the growing technologies will play a driving role for the market in the coming years.   To cope with the COVID-19 situation, in November 2020, the Centers for Medicare and Medicaid Services released guidelines for skilled nursing facilities to help curb the spread of the novel COVID-19 infection. ...

  Mobile Payment Industry Overview The global  mobile payment market  size is expected to reach USD 587.52 billion by 2030, expanding at a CAGR of 36.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing shift toward contactless payment amid the COVID-19 pandemic. Moreover, the increasing popularity of the e-commerce industry across the globe is expected to accelerate the adoption of mobile payment over the forecast period. The traditional payment market is witnessing a technological transformation, which is primarily disrupting legacy business models. The market for mobile payment is expected to revolutionize how customers make payments as it merges technological innovations such as biometrics, wearables, and  blockchain technology . The market is expected to witness momentous shifts and provide unprecedented opportunities to the new and existing players. The increasi...

Contact Center As A Service Industry Overview The global  contact center as a service market  size is expected to reach USD 17.12 billion by 2030, registering a CAGR of 19.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The contact center as a service (CCaaS) market growth can be attributed to the rising adoption of cloud-based contact center services by enterprises to offer better flexibility and customer convenience. Many organizations are adopting Business Intelligence (BI) technology, as it provides them with a holistic view of agent performance and helps measure how they are achieving organizational goals. Businesses are widely adopting cloud-based contact centers owing to benefits such as reduced integration, support, and IT-related costs, which could help drive the growth of the market. Moreover, numerous players are developing cloud contact centers to enhance operational functionality and flexibility for users. For instance, in January 2021...

  Micro-mobility Charging Infrastructure Industry Overview The global  micro-mobility charging infrastructure market  size is expected to reach USD 27.70 billion by 2030, growing at a CAGR of 25.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing awareness about green transportation modes is expected to drive the adoption of micro-mobility vehicles across the globe. An increasing number of people are preferring e-scooters for traveling over shorter distances as these vehicles take less parking space and can recharge within a shorter time. Additionally, several charging stations for e-scooters provide a dedicated parking space, which helps reduce traffic congestion. Furthermore, these charging stations can be efficiently designed as per the available space and are adaptable to any e-scooter design. These factors are expected to create growth opportunities for the market over the forecast period. The growing preference for wireless ch...

  U.S. Frozen Dessert Industry Overview The  U.S. frozen dessert market  size is expected to reach USD 46.39 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.6% from 2022 to 2030. The increasing prevalence of convenient snacking among U.S. consumers is paving way for frozen desserts, including  ice creams  and yogurt, which is driving the market in the country. Further, growing consumer awareness regarding a healthy lifestyle and following various diets recommending low-sugar intake is expected to drive the demand for vegan frozen novelties. Key players in the country are launching products in response to the increasing demand for desserts. For instance, in October 2019, Frill, a brand of Zendegii Frill Ltd., launched its first whole fruit and vegetable-based, a dairy-free frozen dessert made with whole fruits, vegetables, and natural ingredients such as cinnamon and elderflower. The product c...

  Neobanking Industry Overview The global  neobanking market  size is expected to reach USD 2,048.53 billion by 2030, growing at a CAGR of 54.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors, such as a faster process of loan approval and funding, compared to traditional banks, with low-interest rates via banking applications are driving the growth of the market. Increasing technological advancements, such as  Artificial Intelligence  (AI) and IoT, in online banking platforms, are also expected to boost the market growth over the forecast period. The rising popularity of mobile-based applications for making international fund transfers and online payments is also propelling the market growth. Governments in various countries are making efforts to promote internet services across rural areas. Furthermore, leading players are offering customized services via mobile applications to help customers and enterprises manage their fin...

  Music Streaming Industry Overview The global  music streaming market  size is expected to reach USD 103.07 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 14.7% from 2022 to 2030. The growth of the market can be attributed to the rising popularity of music streaming platforms, coupled with the increasing disposable income of individuals. Spotify, YouTube Music, Pandora, SoundCloud, iHeartRadio, and Apple Music are some of the most well-known digital music platforms in the market. Many music streaming companies offer free trials as well as paid subscriptions. They also offer premium accounts at certain fees to provide users with various benefits, such as no ads and offline listening. The availability of such digital options, along with the declining sales of physical CDs, is contributing to the rapid adoption of music streaming services. Moreover, cloud-based music is gaining wide popularity in the market. C...

  Artificial Intelligence For IT Operations Platform Industry Overview The global  artificial intelligence for IT operations platform market  size is expected to reach USD 33.82 billion by 2030, registering a CAGR of 17.7%, according to a new report by Grand View Research, Inc. Rapid digital transformations in global business organizations have brought about increasingly complex datasets. Businesses spend a significant amount of time, cost, and effort on processing large volumes of data. IT operations are also on the edge of this transformation, wherein IT teams are required to manage complex datasets to sustain their business. Besides, there has been a considerable increase in data loads over the last few years due to the distributed architecture and dynamic nature of business applications and services. With the increasing IT agility requirement, the artificial intelligence for IT operations (AIOps) platform has emerged as a way for IT operations teams to keep up with...

  On-call Scheduling Software Industry Overview The global  on-call scheduling software market  size is expected to reach USD 21.80 billion by 2030, expanding at a CAGR of 35.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising need for on-call scheduling software in hospitals and healthcare centers to manage appointment schedules, allocate medical staff, and automate administrative workflows. Furthermore, the changing business needs have prompted numerous organizations to adopt digitization in their business processes. This, in turn, is expected to increase the demand for cloud-based on-call scheduling software during the forecast period. Many on-call scheduling software providers are focused on enhancing their product portfolio to provide better workflow and incident management across teams. For instance, in November 2021, Everbridge, Inc., an on-call scheduling software provider, announced the ...