As per the changes in professional work patterns, there has been a prominent increase in the average time being spent in commuting for work which is thereby expected to spur the demand for global mobile hot spot router market during the forecast period. Expansion in the WiFi enabled smart devices product portfolio augments the adoption …
Category Archives: ICT & Media
Mobile Broadband in Public Safety Market Enhancing Situational Awareness with Real-Time Data
Increase in awareness about safety, cost-effective benefit of mobile broadband, and availability of real time data primarily drive the market growth. However, lack of adequate funding, security breaches, and interception of the wireless signals limit the growth. Further, difficulty to analyze the data during emergencies poses considerable challenges for the market. Enhanced speed of next …
Ride-Sharing Software Market Report 2023-2032 by Application, Industry Vertical, Region and Top 10 Players
According to the report, the ride-sharing software industry generated $7 billion in 2022 and is anticipated to generate $34.2 billion by 2032, witnessing a CAGR of 17.6% from 2023 to 2032. The global ride-sharing software market is driven by several factors, including the increase in penetration of smartphones and the internet, the growth in demand …
5G Smartphone Market Size Is Likely To Reach a Valuation of Around USD 13633.3 Billion by 2032
According to the report, the global 5G smartphones market generated $18 billion in 2022, and is anticipated to generate $13633.3 billion by 2032, witnessing a CAGR of 94% from 2023 to 2032. A steady increase in the demand for 5G technology in smartphones is predicted to be one of the important factors driving the growth …
Software Localization Market Expected to Reach USD 15.6 Billion by 2032 | Top Players Such as – SYSTRAN, Babylon and Lionbridge
The global software localization market is driven by the increased concentration of businesses focused on global expansion, and increased demand for multilingual software. However, software localization can be a costly process, particularly for small and medium-sized enterprises (SMEs) with limited budgets and localization projects require time and resources to ensure high-quality results, are two prominent …
Mobile 3D Market Expected to Reach USD 402.5 Billion by 2032 | Top Players Such as – 3M Company, NVIDIA and Sharp Corporation
The Global Mobile 3D Market is experiencing growth due to factors such as increasing demand for 3D content and advancements in 3D technology. However, the limited processing power of mobile devices hampers market growth to some extent. Moreover, the increase in availability and affordability of mobile devices is expected to provide lucrative opportunities for market …
Low Power Wide Area Network Market Size Surges with Growing Smart City Initiatives | Predicted to Cross USD 582 Billion by 2032
In 2022, the Low Power Wide Area Network Market was valued at $8.2 billion. By 2032, it is anticipated to reach $582 billion, rising at a CAGR of 53.4%. A special sort of network that permits low bit-rate, long-distance communication is known as a low-power wide-area network (LPWAN). It is a wireless technique that transmits …
Smart Home Security Market Size Surges with Advancements in AI Technology | Estimated to Surpass USD 112.6 Billion by 2032
The Smart Home Security Market, which was valued at $25.8 billion in 2022, is anticipated to rise at a CAGR of 16.2% from 2023 to 2032 to reach $112.6 billion. Utilizing a range of IoT-enabled technologies, smart home security enables users to remotely manage and monitor their home security. If the house has smart locks, …
AI in IoT Market to Rise $2 Billion by 2031, and Emerging At a CAGR of 11.6% From 2022-2032
According to the report, AI in IoT market generated $10.3 billion in 2022, and is anticipated to generate $91,7 billion by 2032, witnessing a CAGR of 24.8% from 2023 to 2032. An increase in the adoption of IoT devices, growth in demand for automation and efficiency, and surge in investment in Industry 4.0 technologies are the …
Fog Networking Market Projected to Hit USD 7.8 Billion by 2032 | Regional Demand and Business Prospects
The global fog networking market is driven by several factors such as the exponential growth of data generated by IoT devices and edge computing applications. The need for real-time processing and low-latency communication fuels the demand for fog networking solutions. However, there are some restraints to consider. The complexity of deploying and managing a distributed …