FMI / Future Market Insights stories - Page 4

The market is estimated to thrive between 2021 and 2031 on the back of healthy demand from retail, eCommerce, logistics and manufacturing facilities.

Future Market Insights (FMI) has released new research showing the virtual event platforms market is expected to grow to USD$17.05 billion by the end of 2028.

The widespread availability of smartphones, personal computers, and internet service has driven the adoption of distance health technologies.

According to Future Market Insights, the demand registered in the DNS security market will increase at a noteworthy CAGR of around 8.4% from 2023-2033.

The report by Future Market Insights states that the network access control market is expected to reach a valuation of US$27,409.4 million by the end of 2032.

The digital substation market was valued at US$6.5 billion in 2021. It is expected to be US$14.11 billion by 2032, growing at a 7.3% CAGR from 2022 to 2032.

The nanotechnology for the food packaging industry is expected to increase by 15% from 2023 to 2033, due to advances in material science and technology.

With the advent of 5G networks, there will not be any stoppage to multi-cloud storage market, which is set to reach US$111.33 billion by the end of 2032.

Global managed blockchain services market is estimated to surpass US$6.7 billion by 2032, up from US$2.2 billion in 2022.

The healthcare IT outsourcing solutions market will grow at a CAGR of 7.2% between 2022 and 2032, totalling around US$ 99,995.7 million by the end of 2032.

The adoption of botnet detection is estimated to grow with a CAGR of 33.6% from 2022 to 2032; hence measures must be undertaken to mitigate bot traffic.

According to Future Market Insights, the computerised maintenance management market will reach US$4 billion by 2033, due to its asset management abilities.

The global medical rehabilitation robotics market is forecasted to expand at 15.2% CAGR to reach a market valuation of US$1.76 billion by the end of 2033.

The cloud services market will surpass US$4.4 trillion by 2033, as growing demand for cloud-based solutions among SMEs drive the adoption of cloud services.

The growing trend of Industry 4.0 and the increasing need for automation in various industries are also propelling the growth of the market.

The data center transformation market's major revenue share from the cloud service providers sector will be 46.2% by 2033.

The Smart Home as a Service market revenue was estimated at US$5.5 billion in 2021 and is anticipated to grow at a CAGR of 15.4% from 2022-2032.

Adoption is reaching its peak due to the new computing architectures' ability to fulfil the needs for data processing, transfer rates, and energy usage.

The fuel cell market for data centres is estimated to occupy a significant CAGR of 15.5% during the forecast period.

The demand for UCaaS is rising as businesses around the globe are looking to have more unified communications capabilities.

The global market reached a valuation of US$19,576 million in 2021 and further expand at a valuation of US$26,867 million by the year 2029.

Future Market Insights have projected that the Web 3.0 Blockchain market will grow to an estimated valuation of USD $116.51 billion by 2033.

The industry will grow from its expected USD $42.09 billion market share in 2023 to an estimated USD $170.31 billion market share by 2033.

The growing workload and rising intelligence applications are accelerating the edge AI market, according to new forecasts.