How Consumer IoT Market in the Electronics, Smart Home & Healthcare Sector are Growing with New Tech Developments 2023
Consumer
Internet of Things is the network of consumer devices used in
various end-applications, such as smart homes, healthcare, and consumer
electronics. The consumer IoT market is estimated to be valued USD 46.8 billion
by 2018 and is projected to reach USD 104.4 billion by 2023, at a CAGR of
17.39% during 2018–2023.
The growth
of the consumer
IoT market can be attributed to the growing number...
PC as a Service Market to Register the Highest CAGR During the Forecast Period 2019-2024
The PC
as a Service (PCaaS) market is currently in the growth phase and is
expected to grow further in the near future. In terms of value, it is expected
to grow from USD 15.9 billion in 2019 to USD 141.6 billion by 2024, at a CAGR
of 54.9% from 2019 to 2024. The growth of the PCaaS market is driven by factors
such as the inclination of businesses toward the OPEX model rather than the
CAPEX model,...
What are the trends prevalent in the far-field speech and voice recognition market?
Far-Field Speech and Voice Recognition Market by
Component (Microphones, DSP and Software), Application (Smart TV/STB,
Smart Speakers, Automotive, and Robotics), Microphone Solutions (Single,
Linear, Circular), and Geography – Global Forecast to 2024
The far-field speech and voice recognition market is expected to reach USD 3,505 million by 2024 from USD 969 million in 2018, growing at...
Smart Pneumatics Market is expected to Witness a Steady Growth by 2023 – Top Key Players: Emerson Electric and Festo AG & Co. KG
The advent
of the Internet of Things (IoT) has
given rise to the prefix “smart” within the industrial world. Pneumatics is a
well-established technology that will continue to be favored for a wide variety of applications owing to its inherent
safety, simplicity, and reliability. With the rise of IIoT and Industry 4.0,
smart pneumatics has assumed a greater importance today. Manufacturers have...
What are the upcoming products and innovations in the model based enterprise market?
The overall model based enterprise (MBE) market is expected to grow from USD 8.1 billion in 2018 to USD 21.3 billion by 2023, growing at a CAGR of 21.17%. Major factors driving the growth of the model based enterprise market include wide-ranging applications of digital technologies in design and manufacturing, evolving software capabilities, and rising adoption of IoT and cloud-based platforms. A...
Safety Valves Market worth $5.5 billion by 2024 with a growing CAGR of 4.30%
The safety
valve market is expected to be valued at USD 4.5 billion in 2019 and is
likely to reach USD 5.5 billion by 2024, at a CAGR of 4.30% during the forecast
period. Importance of safety valves in industrial processes, increased need
from oil & gas, growth in nuclear energy generation are among the key
driving factors for the safety valve market. Constant need for safety valve
replacement,...
Position Sensor Market – Global Industry Analysis to Witness Significant Growth during 2018-2024
The global position sensor market
is expected to grow from USD 4.7 billion in 2018 to USD 7.3 billion by 2024; it
is estimated to grow at a CAGR of 8.0% during 2019–2024. Increasing focus of
the manufacturing industry on accurate measurements and detailed inspection,
growing adoption of position sensors in the aviation & aerospace industry,
and rising demand for position sensors for modern automobiles...
5G FWA to enable Wireless Broadband Everywhere: Market overview and projections
5G fixed wireless access (FWA) is likely to enhance
network performance capabilities and deliver high-speed network coverage
compared to currently used connectivity networks. With up to 100 times
more capacity than 4G networks, 5G would enable cost-efficient FWA
deployments on a massive scale. Using larger ranges of the radio
spectrum to provide consumers with low latency connectivity (1ms) and...
Occupancy Sensor Market – Global Industry Analysis to Witness Significant Growth During 2019-2025
The occupancy
sensor market is projected to grow from USD 2.2 billion in 2019 to USD 3.9
billion by 2024, at a CAGR of 12.3% from 2019 to 2024. The growth of the
occupancy sensor market is driven by factors such as increasing need for
energy-efficient lighting controls and the growing popularity of smart homes. On
the other hand, the rising trend of green buildings across the world is among
the major...
Opportunities and Challenges in the EMI Shielding Market During 2019-2024
The rapid increase in the use of electronic
devices leads to electromagnetic pollution which consequently made the adoption
of EMI shielding solutions important. The use of non-linear devices, increasing
clock frequencies, faster slew rates, and increasing packaging concentration are
further pressing the requirement for EMI shielding. Reliable protection against
EMI substantially contributes toward...