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Showing posts from May, 2021

Soaring Wi-Fi Hotspot Availability Driving Global VoWiFi Market Expansion

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The global voice over Wi-Fi (VoWiFi) market generated a revenue of $2,035.3 million in 2019, and it will reach a value of $22,801.2 million by 2030. Furthermore, the market will progress at a CAGR of 24.5% between 2020 and 2030, as per the forecast of the market research firm, P&S Intelligence. The sharp surge in the worldwide Wi-Fi hotspot availability and the rapid improvements being made in the overall quality of service (QoS) for users are fueling the market expansion. With various governments making huge investments for installing Wi-Fi hotspots in public places, the worldwide Wi-Fi hotspot coverage is growing rapidly. According to reports, there were only 124 million community and public wireless local area network (WLAN) hotspots in the world in 2017, and this number if predicted to rise to 550 million by 2022. Additionally, free access to community Wi-Fi hotspots and Wi-Fi and the higher speed and capacity of Wi-Fi are the other market growth drivers. Get the Sample Copy o...

AR Market To Generate $1,274.4 Billion Revenue by 2030

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Factors such as the surging focus of vendors on price reduction, increasing adoption of advanced technologies by enterprises, rising penetration of smartphones and tablets, and increasing need for gesture and haptic control devices in automation are expected to drive the growth of the AR and VR market at a CAGR of 42.9% during the forecast period (2020–2030). According to P&S Intelligence, the market generated $37.0 billion revenue in 2019, and it is expected to reach $1,274.4 billion by 2030. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market/report-sample One of the prime factors aiding the AR market growth is the surging focus of vendors on price reduction. Technological innovations in AR and VR solutions are curtailing their prices, as the revolution in the field of optics, such as light-field technology, is projected to drive the development of affordable, flexible, and compact displays for smart ...

Virtual Fitting Room Market Analysis by Industry Segments, Share, Application, Development, Growing Demand, and Top Key Players

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Retail companies are increasingly adopting advanced technologies such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) to improve their offerings and expand their customer base. The integration of AR and VR in the retail sector allows retailers and consumers to have an enhanced shopping experience. The replacement and return of products on account of poor fit has become a key challenge for the e-commerce sector, as they lead to huge financial losses.   Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/virtual-fitting-room-market/report-sample The AR and VR technologies are now helping e-commerce service providers and customers overcome this challenge to a great extent. Virtual fitting room solutions are adopted by the retailers of footwear, eyewear, apparel, watches, jewelry, and beauty and cosmetic products. E-commerce platforms are also deploying such solutions to decrease the product return rate, especially in ...

Need for Managing Large Volumes of Data Boosting Natural Language Processing Market Growth

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The growing focus on enhancing the customer experience, rising need to manage large volumes of data, surging demand for these solutions in contact centers, and rapid automation of repetitive processes across industries are expected to drive the growth of the natural language processing market at a CAGR of 19.7% during the forecast period (2019–2024). According to P&S Intelligence, the market generated revenue of $8.3 billion in 2018, and it is projected to reach $22.9 billion by 2024. One of the major factors leading to the increasing demand for NLP solutions is the increasing need to manage large volumes of data. Over 2 quintillion bytes of data are generated in the structured and unstructured forms every day around the world. Companies are in a need for solutions that can resolve business-related issues by scrutinizing the extracted data. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/natural-language-processing-market/report-sample Most en...

Huge Revenue Boom Expected in Global SD-WAN Market During 2020–2030

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The global software-defined wide area network (SD-WAN) market generated a revenue of $1.4 billion in 2019, and it is predicted to attain a value of $43.0 billion by 2030. Furthermore, the market will progress at a CAGR of 38.6% between 2020 and 2030. The market is being driven by the growing demand for a simplified enterprise network architecture, requirement for a cost-effective WAN automation and management, surging internet penetration, and the rising popularity of the bring-your-own-device (BYOD) policy at workplaces. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/sd-wan-market/report-sample Additionally, the growing adoption of big data and internet of things (IoT) is also fueling the expansion of the market across the world. As per the Microsoft IoT Signals Report 2019, out of the total number of respondents (3,000), 85% adopted IoT and nearly 75% are working on various IoT-based projects. However, there are many challenges related to big da...

Enterprise Asset Management Market To display 17.0% CAGR during 2020–2030

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Growth drivers such as the strong emphasis on the optimum utilization of assets, digitalization in industries, growing internet penetration, increasing need to curtail maintenance and procurement expenses, rising adoption of the cloud, and intensifying competition will help the enterprise asset management market progress at a CAGR of 17.0% during the forecast period (2020–2030). The market was valued at $5.5 billion in 2019, and it is projected to reach $25.9 billion by 2030. Get the sample copy of this report @ https://www.psmarketresearch.com/market-analysis/enterprise-asset-management-market/report-sample The growing need for the effective utilization of assets is a key driving force behind the market prosperity. Businesses use the asset turnover ratio to evaluate their productivity and efficiency. The sales of a company should be more than the price of its assets to increase this ratio. The adoption of EAM solutions for asset utilization management enables the examination of trends...

Flourishing Construction Industry in India Fueling CAD Software Adoption

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The construction sector in India is increasingly adopting computer-aided design (CAD) to conduct advanced analysis of the designs, create precise designs, attain accurate measurements, and spot design flaws. Construction managers use CAD software for a better visualization of designs, higher project accuracy and efficiency, reduced chances of errors, and faster completion of projects. The growth of the construction industry due to the strong focus on infrastructure development in the country will, therefore, fuel the adoption of CAD software in the foreseeable future. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/india-cad-software-market/report-sample Moreover, the soaring number of initiatives by state governments will drive the Indian CAD software market at a CAGR of 8.2% during the forecast period (2020–2025). The market generated revenue of $445.6 million in 2019, and it is projected to reach $696.9 million by 2025. State governments are fo...

DWaaS Market Size, Share, Growth, Trends, Applications, and Industry Strategies

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The burgeoning requirement for real-time data analysis is one of the major factors fueling the demand for data warehouse as a service solutions across the globe. With increasing digitization, huge volumes of semi-structured, structured, and unstructured data are being generated. Many organizations around the world are leveraging this information for improving their productivity, retaining customers, augmenting their profits, and reducing future risks.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/data-warehouse-as-a-service-market/report-sample Due to this reason, the worldwide demand for big data analyzing and storing solutions is rising rapidly. The adoption of DWaaS solutions allows the deployment of third-party business intelligence (BI) applications. Besides these factors, the surging adoption of cloud-based solutions is also positively impacting the demand for DWaaS technology all over the globe.  Furthermore, the surge in e-comme...

Business Impacts of COVID-19 on Web Conferencing Market Strategies of Major Industry Competitors

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Businesses across the world are adopting web conferencing solutions for video calling and conference, voice calling and conference, and messaging and file sharing to meet the surging requirement for consulting, integration, and implementation services. Moreover, the burgeoning demand for upgradation and technical expertise, maintenance, and monitoring of various solutions will fuel the adoption of web conferencing solutions in the coming years. Moreover, the rapid shift of business entities toward work-from-home (WFH) model has boosted the incorporation of such solutions, as these allow to channelize collaborations among various departments. With the proliferation of the WFH model, business organizations have amplified the usage of web conferencing solutions and services to reduce operational expenditure (OPEX) and increase productivity. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/web-conferencing-market-report/report-sample The Harvard Busin...

Covid-19 Impact on Extended Reality Market CAGR Rapidly Growing in Coming Years

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The rising penetration of connected devices and smartphones, surging demand for augmented reality (AR)/virtual reality (VR) solutions, and increasing number of collaborations among key players are expected to drive the extended reality (XR) market at a CAGR of 48.3% during the forecast period (2020–2030). The market generated $18.6 billion in 2019 and it is expected to reach $1,005.9 billion by 2030. Additionally, the growing focus on gesture-based computing and 5G technologies will also facilitate the market growth in the coming years. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/extended-reality-xr-market-insights/report-sample The growing adoption of 5G technology has become a key trend in the extended reality market . XR solutions have magnified network requirements like low latency, high bandwidth, and high reliability, which can be provided by 5G technology at a low cost. Thus, the rapid adoption of 5G connections and surging 5G mobile shi...

Economic Impact of Coronavirus on Wearable AI Devices Market to Reap Excessive Revenues

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The burgeoning demand for the AI-supported voice assistance property in wearable devices will drive the wearable AI devices market at a CAGR of 29.0% during the forecast period (2019–2024). The market was valued at $11,182.8 million in 2018 and it is projected to reach $49,240.6 million by 2024. The AI-enabled voice assistance in smartwatches allows users to manage calls and messages on their smartphones, track their daily routine, control smart home devices, schedule appointments, provide answers to consumers’ queries, and offer suggestions for improving their health routine. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/wearable-ai-devices-market/report-sample Currently, the soaring demand for virtual reality (VR) headsets has become a key trend in the wearable AI devices market . The use of VR headsets has increased in recent years across the globe, due to the rising penetration of smartphones and the surging popularity of cloud and mobile gam...