ICT News World

The growing requirement for virtual workforces is driving the demand for robotic process automation . This is because robotic process automation enables businesses to develop a virtual workforce which can work on mundane and routine tasks with high efficiency, thereby eliminating the requirement for human intervention. Moreover, it provides scalability and also allows enterprises to reduce their operational expenditure by 50%, on account of the fact that virtual workforces can work round the clock, unlike humans, who can only work for a limited number of hours and require regular leaves. Additionally, robotic process automation systems work non-stop, which leads to higher customer satisfaction and lower overall production costs. RPA Market Provides Detailed Insight by Trends, Opportunities, & Competitive Analysis Besides this factor, the high efficiency of RPA-managed tasks is also contributing to its booming popularity all over the world. The robotic process automation software c...

Factors such as the rising internet speed, surging penetration of smart devices and the internet, and burgeoning demand for video-on-demand (VoD) services in developing countries are expected to steer the over-the-top (OTT) services market growth during the forecast period (2021–2030). Currently, the deployment of the 5G network, to offer increased data speed at low cost, is becoming a prominent market trend.  Countries such as the U.S., the U.K., Australia, Japan, Taiwan, Germany, and South Korea have already started deploying 5G networks. The increasing penetration of the internet and smart devices is one of the key growth drivers for the market globally. Customers can access OTT content through smart TVs, internet-connected phones, tablets, laptops, desktops, gaming consoles, and set-top boxes.  OTT Services Market Quantitative Analysis, Current and Future Trends Moreover, the increasing amount of time being spent on these smart devices, owing to their escalating use for w...

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. Video Streaming Market  - In-depth Analysis of the Industry with Future Estimations 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. In recent years, the number of internet users has surged in developing countries, su...

Factors such as the increasing adoption of cloud-based solutions and surging focus on real-time data analysis will drive the data warehouse as a service (DWaaS) market at a massive CAGR of 29.2% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $1.4 billion in 2019, and it will generate $23.8 billion revenue by 2030.  In recent years, the escalating use of the hybrid cloud, due to the operational flexibility offered by it, has become a prominent market trend. One of the key growth drivers for the market is the burgeoning demand for real-time data analysis owing to the rapid digitization.  Get the Sample Copy of this Report at:  https://www.psmarketresearch.com/market-analysis/data-warehouse-as-a-service-market/report-sample The accelerating digitization rate is resulting in the generation of a large volume of structured, semi-structured, and unstructured data, which is being leveraged by public and private organizations to...

Web conferencing solutions, such as video calling and conferencing, voice calling and conferencing, whiteboards, screen sharing, co-browsing, and messaging and file sharing, are being adopted by enterprises to reduce their operational expenditure (OPEX) and improve their productivity. The adoption of these solutions offers effective communication and collaboration between employers and employees, without incurring a huge OPEX on the former. Thus, the mounting focus of businesses on reducing their OPEX will propel the adoption of web conferencing solutions and services globally. Moreover, the rising popularity of the remote working culture, owing to the ongoing COVID-19 pandemic, will drive the web conferencing market growth at a healthy CAGR of 39.3% during the forecast period (2020–2030). The market revenue stood at $2,109.3 million in 2019, and it is projected to reach $78,547.9 million by 2030. Get the Sample Copy of this Report at:  https://www.psmarketresearch.com/market-anal...

The growing adoption of the internet of things (IoT) technology is one of the major factors fueling the demand for digital twin solutions . As per many reports, more than 41 billion IoT and connected devices are expected to be in use across the world by 2025. This will consequently propel the demand for the digital twin technology, as this technology makes the monitoring and tracking of these devices easier and also enhances their efficiency. Additionally, as the performance of a device is primarily determined by the performance of various individual components and parts, many enterprises are increasingly adopting the digital twin technology for digitally cloning the parts and components of systems. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/digital-twin-market/report-sample Furthermore, the usage of connected devices is causing the generation of large volumes of unstructured data, which is making the sharing of such data among stakeholders di...

The World Health Organization (WHO) estimates that nearly 1.3 million fatalities are caused due to road traffic crashes worldwide. Approximately 93% of these deaths are recorded in low- and middle-income countries (LMICs). The WHO also estimates that around 20–50 million people suffer from non-fatal injuries as a result of road accidents.  The surging incidence of road accidents is creating a massive requirement for advanced driver assistance systems (ADAS), which are based on electronic components. Thus, the booming demand for ADAS will boost the production of automotive electronics in the coming years. Moreover, the burgeoning automobile sales will propel the automotive electronics market at a CAGR of 9.3% during the forecast period (2020–2030).  The market revenue stood at $235.7 billion in 2019, and it is projected to reach $615.3 billion by 2030. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), the sales of vehicles grew from 14,988,886 du...

Natural language processing (NLP) solutions are being adopted by enterprises to ensure the optimum use of structured and unstructured data. These solutions assist enterprises in prioritizing the extracted data for business operations, by using automatic translation, sentiment analysis, speech processing, and natural language generation (NLG). Thus, the surging volume of the structured data being obtained from spreadsheets and relational databases and unstructured data being generated through social media, images and videos, and blogs and documents will create an extensive requirement for NLP solutions in the coming years. Moreover, the increasing adoption of automation solutions in the industrial sector will drive the natural language processing market at a healthy CAGR of 19.7% during the forecast period (2019–2024). The market was valued at $8.3 billion in 2018, and it is projected to generate $22.9 billion by 2024. The NLP technology assists chatbots in matching the input with the ...

According to the World Health Organization (WHO), every year, 250,000–500,000 people suffer a spinal cord injury (SCI), which is caused due to road traffic crashes, violence, falls, or diseases such as cancer. Furthermore, the Parkinson's Foundation states that over 10 million individuals across the world are currently living with Parkinson's disease. These conditions have a detrimental impact on the mobility of the affected human beings, which can be restored by exoskeletons. The use of exoskeletons, due to the surging incidence of the aforementioned neurological ailments, is common in rehabilitation centers. Moreover, the escalating use of bionic lenses, on account of the soaring cases of vision impairment and blindness, will help the human enhancement market advance at a healthy CAGR of 14.7% during 2020–2030. The market was valued at $64.8 billion in 2019, and it is expected to generate $271.6 billion revenue by 2030. Get the Sample Copy of this Report at: https://www.psma...

The increasing adoption of the cloud computing technology is one of the major factors driving the demand for security as a service solutions across the world. As the cloud technology doesn’t need any information technology (IT) infrastructure and IT professionals, its growing incorporation is massively reducing the financial burden on enterprises.  In addition, this technology allows users to choose the services that they want and access them from anywhere as per their convenience over a secure network. However, the cloud technology is highly susceptible to cyberattacks and data breaches and thus, the growing adoption of this technology is positively impacting the demand for security solutions.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/security-as-a-service-market/report-sample Besides, the mushrooming requirement for multi-factor authentication is also driving the demand for security as a service solutions. Many organizations are i...

The soaring production of renewable and low-carbon electricity, escalating demand for curtailing operational costs, surging volatility in energy prices, rising implementation of favorable government legislations, and increasing use of building automation systems will help the green technology and sustainability market to grow at a  CAGR of 20.0%  during the forecast period (2020–2030).  The market was valued at $8.3 billion in 2019 and it is projected to generate $57.8 billion revenue by 2030. One of the key growth drivers for the market is the increasing adoption of building automation systems for reducing power consumption of commercial and residential complexes. High electricity demand is amplifying the environmental and financial burden across the world.  Get the Sample Copy of this Report:  https://www.psmarketresearch.com/market-analysis/green-technology-and-sustainability-market/report-sample To deal with these challenges, the governments of several count...