ICT News World

Factors such as the surging internet penetration and the soaring popularity of social media platforms are expected to drive the video streaming market at a CAGR of 19.1% during the forecast period (2019–2024). According to P&S Intelligence, the market revenue is projected to grow from $245.3 billion in 2018 to $688.7 billion by 2024. Moreover, the growing preference for over-the-top (OTT) platforms, such as Netflix Inc., Hulu, and Amazon Web Services will also augment the market growth in the forthcoming years. According to the International Telecommunication Union (ITU), 51% of the global population, or 4 billion people, were using the internet in 2019. Due to the surging use of the internet, people are searching for more content online, owing to which, the creation and consumption of videos is growing rapidly. Get the Sample Copy of this Report @   https://www.psmarketresearch.com/market-analysis/video-streaming-market/report-sample In recent years, the number of internet us...

The surging focus of the retail sector on improving customer experience is resulting in the large-scale installation of mobile point-of-sale (mPOS) terminals at the outlets of retail chains and independent stores. These outlets are adopting mPOS terminals to preserve the time of customers which is wasted while standing in long check-out queues. Deployment of these devices enables customers to complete the purchase directly from the main product area in a store, by avoiding long queues and paying for the goods digitally. These advantages result in increased customer satisfaction, which further helps in building brand loyalty and trust. Moreover, the flourishing restaurant industry is also expected to drive the mPOS terminals market at a CAGR of 17.9% during the forecast period (2020–2030). According to P&S Intelligence, the market generated revenue of $19.5 billion in 2019.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/mobile-point-of-sa...

The surging adoption of cloud computing technology has amplified the need for security as a service (SaaS) solution as this technology is highly vulnerable to data breaches. Businesses across the world are extensively adopting cloud solutions, as they do not need any physical information technology (IT) infrastructure and professionals, to reduce their financial burden. Additionally, cloud computing enables users to select the services of their choice and access their data from any location, over a secure connection. Moreover, the increasing adoption of SaaS solutions for identity and access management will fuel the security as a service market at a CAGR of 17.4% during 2020–2030. The market was valued at $7.8 billion in 2019 and it is expected to reach revenue of $43.4 billion by 2030 .  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/security-as-a-service-market/report-sample As the integration of cloud-based security solutions in business op...

Predictive maintenance solutions allow organizations to track the operations of their assets in real time. Such solutions alert users about any potential equipment breakdown, so that maintenance can be carried out in advance, lest the equipment should break down unexpectedly and bring the entire operation to a sudden halt. This would reduce productivity and lead to significant revenue loss, which is why enterprises are using predictive maintenance to avoid such a situation. Now, although EAM solutions are so beneficial, they are majorly used by large, well-funded companies because they are expensive. Thus, in order to target small and medium enterprises (SMEs), IT companies are making such solutions available over the cloud. Not just SMEs, start-ups too are rapidly adopting cloud-based EAM solutions because they eliminate the requirement for deploying expensive infrastructure. Moreover, such solutions are advantageous for field/traveling employees as they can be accessed from anywhere...

The application segment of the AR and VR market is categorized into commercial, consumer, and enterprise. Among these, the consumer category generated the highest market revenue in 2019, and it is also projected to lead the market in the coming years. This is ascribed to the surging awareness on the AR and VR technologies and increasing demand for interactive games. Moreover, the growing per capita disposable income of people has augmented the demand for gaming systems, which, in turn, is driving the market growth in this category. Moreover, the AR and VR market is bifurcated into hardware and software, based on offering. Between the two, the hardware category accounted for the larger share in the market in 2019, and it is expected to dominate the market during the forecast period as well. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market/report-sample This will be due to the decreasing costs of AR and VR...

Every company is nowadays looking to reduce its operational costs in order to become more profitable. Lower operational costs result in lower product/service prices, and with the increasing competition in every industry, companies are focusing on making their offerings more accessible to as many people as possible. One of the best ways to reduce operational costs for a company is to care for its assets, including its offices and machines, deeply. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/enterprise-asset-management-market/report-sample Thus, with enterprises scrambling to be operationally more efficient and cost-effective, the enterprise asset management (EAM) market, as claimed by P&S Intelligence, is expected to witness a high 17.0% CAGR between 2020 and 2030 (forecast period). As a result, the revenue generated by the providers of such solutions and services will likely surge from $5.5 billion in 2019 to $25.9 billion by 2030 . This is...

The burgeoning demand for intelligent maintenance and the surging adoption of the internet of things (IoT) technology are expected to drive the global digital twin market at a CAGR of 31.9% during the forecast period (2020–2030). The market revenue stood at $3,645.1 million in 2019, and it is projected to reach $73,245.4 million by 2030. In recent years, the increasing use of a common platform for device simulation has become a prominent market trend. The rising penetration of IoT is one of the key factors supporting the digital twin market growth worldwide. It is being estimated that by 2025, there will be more than 41 billion connected and IoT devices across the world. This will amplify the need for the digital twin technology, as it improves the efficiency of such devices and makes their monitoring easy. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/digital-twin-market/report-sample This technology is also being deployed for digitally cloning...

For high-performance supply chain management, security, and workflow efficiency, enterprises are increasingly using e-signatures owing to the growth of online business operations. The surging online presence of corporates is resulting in the wide adoption of such identity and access management (IAM) solutions for reduced human errors, authentication, and security, especially during important financial transactions. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/e-signature-market/report-sample These solutions also help in reducing the overall operational cost and improving working capital management, by ramping up the documentation process, offering quick rollout, and curtailing manual workforce requirements. The expanding e-business industry is thus expected to drive the e-signature market at a high  CAGR of 24.6%  during the forecast period (2020–2030). According to P&S Intelligence, the market generated revenue of $951.3 million in...