Information Technology & Services

  Business Intelligence Category - Procurement Intelligence The business intelligence category is expected to grow at a CAGR of 9.1% from 2023 to 2030. Statistics show that the United States and Canada are the largest users of the software in North America. The growth is fueled by the rising need for digital business processes and obtaining the ideal strategy for effective outcomes. Businesses are concentrating on adopting the technology for efficient functioning, simple data processing, forecasting, transparency, and many other reasons. For instance, the statistical analysis model ARIMA (Autoregressive integrated moving average) analyzes time series data to either better comprehend the data set or forecast future trends. Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), Analytics-as-a-Service (AaaS), data security, and data quality management are several sectors that are growing in importance inside firms and pushing them toward the implement...

  Legal Services Category - Procurement Intelligence The legal services category is expected to grow at a CAGR of 5.3% from 2023 to 2030. The legal industry has undergone a transformationtransformed due to the rise of Artificial Intelligence (AI). AI-powered software has become crucial in enabling law firms and lawyers to streamline their processes, saving valuable time. Automation tools enhance the efficiency of document creation and review, while collaborative platforms further simplify documentation procedures. These technological innovations help attorneys reduce costs and enhance convenience. A growing number of law firms are using chatbots to improve their operational efficiency, ultimately saving them and their client’s time and money. These chatbots are capable of aiding legal companies in tasks such as digitizing data, searching for lawyer-specific documents, and handling various other activities. Additionally, they can assist in tasks like following up with unresponsive...

  Data Collection and Labeling Industry | Forecast 2030 The global market size for data collection and labeling was estimated at USD 2.22 billion in 2022 and is anticipated to grow at a CAGR of 28.9% from 2023 to 2030. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces. Further, the market is expected to witness a surge in technology adoption owing to benefits such as extracting business insights from socially shared pictures and auto-organizing untagged photo collections.   Access the Global Data Collection and Labeling Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies   With the growing implementation of Electronic Health Record (EHR) systems, the accumulation of clinical data, including unstructured text documents, h...

  Advertising Services - Procurement Intelligence The advertising services category is expected to register a CAGR of 5.9% from 2023 to 2030. In 2022, North America accounted for 36% of the overall share followed by Europe and APAC. The increasing demand for short content and video ads, the increasing internet penetration, and the growing number of smartphone users are driving the growth of this category. For instance, in 2022, there were 244.4 million digital video viewers in the U.S. alone. According to Business Insider, more than 97% of U.S. users aged between 12 and 44 years consume a high amount of digital video content. In a 2023 survey, it was found that more than 91% of consumers want more digital content from brands which in turn is driving the demand for video advertising. More and more companies/brands are including video content as a part of their digital marketing strategy to capture the audience’s attention. The return on investment is high for video marketers as the...

  Cryptocurrency Industry | Forecast 2030 The global cryptocurrency market generated over USD 40.09 billion in 2021 and is expected to grow at a CAGR of 26.8% over the forecast period. The cryptocurrency is segmented in various end uses such as trading, government, gaming, banking, healthcare, retail & e-commerce, and others. Cryptocurrency uses distributed ledger technology such as blockchain to validate transactions. The increasing adoption of distributed ledger technology is anticipated to propel the market growth during the forecast period. Moreover, increasing usage of cryptocurrencies for cross-border remittances is expected to fuel market expansion due to the reduction in consumer fees and exchange charges. One of the key elements influencing the growth of digital currency is the rising need for better transparency and operational efficiency in digital payments systems, increase in data security, and integration of blockchain technology. Additionally, the growing ado...

  Video Post-Production Services Category Overview The video post-production services category is anticipated to grow at a CAGR of 13% from 2023 to 2030. Technological advancements such as AI, machine learning, and AR and VR have transformed the way videos are edited post-production. Automating post-production tasks such as arrangements of visual and audio, color correction, adding visual effects, and finishing touches are reshaping the video content creation and distribution. Technologies such as virtual reality, 360-degree video, machine learning, and artificial intelligence are expected to play crucial roles in this category. Additionally, the shift in consumer preference towards mobile-first video and the rising importance of social media platforms as distribution channels are driving the growth in the category.   Access the Video Post-Production Services Procurement Intelligence Report, 2023 - 2030 , published by Grand View Research, to get more details regarding day o...

  Customer Relationship Management Industry | Forecast 2030 Grand View Research’s customer relationship management industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. Customer relationship management solutions are gaining widespread popularity in diverse industries. As businesses become more customer-centric, the CRM market is expected to witness rapid growth over the forecast period. Ongoing trends such as hyper-personalization of customer service, use of AI and automation, and various customer value models are the key attributes propelling the growth of the segment.   Access the Global Customer Relationship Management Industry Data Book, 2023...

  Stem Cells Industry | Forecast 2030 Grand View Research’s Stem Cells Industry databook is a collection of market sizing & forecasts insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research. The following data points will be included in the final product offering in five reports and one sector report overview. The stem cells industry data book is a combination of the market data from five reports namely, the stem cells market, human embryonic stem cells market, induced pluripotent stem cells production market, mesenchymal stem cells market, and cancer stem cells market. The stem cells market was valued at USD 13.26 Billion in 2022 with a CAGR of...

  Web Hosting Services Category Overview The web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030. The rising number of companies, escalating e-commerce trade, and demand for cloud-based solutions are growing at a rapid pace. This is leading to the increasing demand for global web hosting services category. Globally, there are around 330,000 hosting providers as of 2023. In October 2023, the global count of internet users reached 5.3 billion. The increasing number of individuals using internet is expected to drive the demand for hosting services. Trends such as multi-cloud, green web, and virtual private server hosting are allowing businesses to manage massive data and help in building the foundation for the future. Multi-cloud hosting is a relatively new hosting approach that involves the distribution of various cloud assets like software and documents across two or more cloud environments. From a business model standpoint, this approach invo...

  Healthcare Information Systems Industry | Forecast 2030 Grand View Research’s healthcare information systems industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research. The global healthcare information systems market size generated over USD 406.4 billion in 2022 and is expected to grow at a CAGR of 13.3% over the forecast period. Rising global prevalence of chronic diseases is one of the key factors anticipated to boost the demand for healthcare IT for better Chronic Disease Management (CDM). In the U.S., various organizations are implementing healthcare information technology to improve their CDM programs. Some o...