OTT Market Size to Expand to $434.5 Billion by 2027
The global OTT market size is expected to grow from USD 202.5 billion in 2022 to USD 434.5 billion by 2027, at a CAGR of 16.5% during 2022–2027. Rise in demand of OTT services during lockdown, global and local players offering freemium models in price-sensitive markets, internet proliferation with penetration of smart devices, and flexibility and ease-of-use to offer seamless customer experience...
AI in Customer Support: Enhancing Efficiency and Customer Satisfaction
The integration of Artificial Intelligence (AI) into customer service is revolutionizing how businesses interact with their clients. By leveraging AI technologies, companies can anticipate customer needs, streamline interactions, and enhance overall satisfaction.
Market Growth and Projections
The AI for customer service market is experiencing significant expansion. According to a report...
Quantum Key Distribution Market Analysis Predicts $2.63 Billion by 2030
The global Quantum Key Distribution Market size is projected to grow from USD 0.48 billion in 2024 to USD 2.63 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 32.6% during the forecast period.
The growing need for secure data transmission is driving increased investments in R&D for QKD solutions from both public and private sectors. Government-backed initiatives, such as the...
DDoS Protection and Mitigation Security Market Size Predicted to Reach $9.63 Billion by 2029
The DDoS protection & mitigation security market is projected to grow from USD 5.17 billion in 2024 to USD 9.63 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period.
DDoS protection and mitigation security growth is driven by several factors, such as the increase and advancement in DDoS attacks, which have created awareness of cyber threats. While the...
Threat Modeling Tools Market Size Expected to Hit $1.6 Billion by 2027
The global threat modeling tools market is expected to grow from an estimated USD 0.8 billion in 2022 to USD 1.6 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 14.9% from 2022 to 2027.
Factors driving market growth include the rising need for visualization and reporting occurring threats, adherence to strict regulatory guidelines, and increased usage of cloud technology and IoT devices...
Application Security Market Growth to Drive Revenue to $55.0 Billion by 2029
The global Application Security Market to grow from USD 33.7 billion in 2024 to USD 55.0 billion by 2029 at a compound annual growth rate (CAGR) of 10.3% during the forecast period.
Increased reliance on applications and rising cyber threats are driving the need for robust security measures, especially for cloud-based applications and APIs. Market growth is fueled by evolving threats, tighter...
Data Diode Market Expected to Surpass $0.72 Billion by 2030
The global Data Diode Market will grow to USD 0.72 billion by 2030 from USD 0.48 billion in 2024, at a CAGR of 7.2% during 2024- 2030.
Data diodes are experiencing substantial development as their applications spread across developing industries such as BFSI, healthcare, transportation, and telecommunications, where they protect systems such as POS terminals, fleet management, and 5G networks from...
Physical Security Market Expected to Reach $136.9 Billion by 2028
The global physical security market size is projected to grow from USD 110.2 billion in 2023 to USD 136.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period.
The growth in the use of IP-based cameras for video surveillance and the rise in instances of malicious activities and security breaches to physical systems drive the growth of the physical security...
Physical Security Information Management Market Projected to Achieve $4.3 Billion by 2029
The global physical security information management market size is projected to grow from USD 3.5 billion in 2024 to USD 4.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period.
The integration of cloud-based solutions and advanced technologies like AI, ML, and blockchain has propelled the rapid growth of PSIM adoption. Cloud-based PSIM solutions offer remote...
Application Programming Interface Security Market to Reach $3,034 Million by 2028
The global Application Programming Interface Security Market size is projected to grow from USD 744 million in 2023 to USD 3,034 million by 2028 at a Compound Annual Growth Rate (CAGR) of 32.5% during the forecast period.
The expansion of the API security market is propelled by a significant increase in breaches concerning APIs, rendering them a primary focus for hackers. The rise in applications...