The global fiber test equipment market is driven by increase in demand in fiber optics devices in the telecommunication industry. Moreover, rise in advancements of existing fiber-optic networks and new communication standards; and growth in application areas such as installation & maintenance, R&D, safety & monitoring solutions, and measurement solutions fuel the fiber test equipment …
Monthly Archives: June 2022
IT Outsourcing Market Revenue To Register Robust Growth Rate During 2022-2029
Benefits from a high level of IT expertise excluding the high costs of employing a full-time technology professional drives the market. Advanced data center network management to limit operational costs also fuels the IT outsourcing market. In the contemporary digitalized business world, less companies use call center solutions and rather show trust upon the IT …
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Silicon Photomultiplier (SiPM) Market to Hit $221.0 Mn, Globally, by 2030
Major determinants of the market growth Rise in use in the automotive industry and surge in demand for detection and imaging application drive the global silicon photomultiplier market. However, technological incompatibility of SiPMs hampers the market growth. On the contrary, high demand from the Asia-Pacific region is expected to open up new opportunities for the market players …
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Banking Encryption Software Market to Garner $4.98 Bn by 2030
Major determinants of the market growth Surge in use of digital payment technology, increase in demand for data security technology among banks and financial institutions, and rise in cyberattacks and data proliferation drive the growth of the global banking encryption software market. However, lack of awareness toward encryption software and implementation issues of banking encryption …
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Insurtech Market to Garner $158.99 Bn by 2030 at 32.7% CAGR
Major determinants of the market growth Rise in digitalization of business models, saturation of the insurance industry, and growth and consolidation of internet technologies have boosted the growth of the global insurtech market. However, privacy & transparency concerns and changes to legal & regulatory framework hinder the market growth. On the contrary, rapid growth in …
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Power Cable Market to Reach $262.54 Bn, Globally, by 2030 at 6.5% CAGR
Drivers, restraints, and opportunities Rise in trend of renewable energy generation, surge in deployment of new power grid infrastructure, and increase in implementation of smart grids drive the growth of the global power cable market. However, complexities related to deployment planning of power cable hinder the market growth. On the other hand, upsurge in demand …
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LED Driver Market to Reach $79.33 Billion, Globally, by 2030 at 27.2% CAGR
Drivers, restraints, and opportunities Surge in adoption of energy-efficient lighting, rise in development of programmable LED drivers, and increase in implementation of smart infrastructure in developing regions fuel the growth of the global LED driver market. However, high costs of installation hinders the market growth. On the other hand, emergence of IoT enabled lighting solutions …
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USB Cable Market to Reach $54.01 Bn, Globally, by 2030
Prime determinants of growth Surge in demand for consumer electronics, rise in penetration of Video on Demand, video conferencing, gaming, and home surveillance devices, and increase in number of data centers drive the growth of the global USB cable market. However, security issues in USB hinder the market growth. On the other hand, Potential opportunities in the …
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Traveler Security Services Market Growth and Changes Influencing the Industry | Forecast – 2027
Increase in business travel spending and rise in need to ensure security of travelers are the major factors that drive growth of the market. In addition, increase in number of international travels across the globe fuels the traveler security services market growth. However, hefty amount charged by companies depending on the customization of security service …
China 3D Cardiac Mapping Market Trends, COVID-19 Impact, Growth Drivers, and Forecast 2027
According to a new report published by Allied Market Research, titled, “China 3D Cardiac Mapping Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” 3D cardiac mapping is a technique that is widely accepted for identification, characterization, and localization of an arrhythmia. Cardiac mapping is a procedure in which the information from cardiac electrograms is collected …