ICT News World

Smartphones and tablets of contemporary times feature higher speeds, larger screens, better processors, and high definition (HD) displays, owing to which, they have become feasible for gaming from any location and at any time. These devices also feature high configurations, which support all types of games. Additionally, the rapid advancements in the mobile communication sector are enabling gamers to play online games without any graphic or speed issues.  Besides, the rising penetration of 4G and 5G is also assisting players in playing online games on smartphones, with few connectivity issues. In addition, the surging use of social media, owing to the increasing internet and smartphone penetration, also help the webgame market progress at a CAGR of 5.7% during 2020–2030. According to P&S Intelligence, the market was valued at $3.5 billion in 2019 and it is expected to generate $6.5 billion revenue by 2030.  Webgame developers are using social media platforms, such as Inst...

A virtual model designed to replicate a physical object or system accurately is referred to as a digital twin. The physical object or system is updated from real-time data and uses machine learning (ML), reasoning, and simulation to assist in decision-making. The object under consideration is outfitted with multiple sensors, that are associated with important areas of functionality to produce data about their performances.  The data is then transmitted to a processing system and applied to a digital copy. This virtual model can then be applied back to the original physical object. In recent years, this technology has gained prominence in the manufacturing sector, owing to rapid digitization. The ongoing Industry 4.0 revolution is, therefore, expected to help the digital twin market progress at an exceptional CAGR of 50.0% during 2020–2030. The market revenue is projected to surge from $3,210.1 million in 2020 to $184,517.4 million by 2030.  Industry 4.0 is transforming the ma...

With the rising penetration of the internet and the surging use of connected devices and smartphones, the demand for extended reality (XR) solutions is skyrocketing across the world. According to the World Bank, around 57.0% of the global population had access to the internet in 2019. The usage of AR and VR applications is rising rapidly on these devices, which is, in turn, driving the expansion of the global extended reality market. Moreover, many enterprises are increasingly adopting AR and VR technologies in order to provide a highly engaging and better customer experience and create a more interactive experience. For instance, many businesses are rapidly adopting head-mounted displays (HMDs) for knowledge and education purposes for providing an enhanced learning experience.  Owing to these factors, the demand for extended reality solutions is surging, which is predicted to fuel the extended reality market at a CAGR of 48.3% from 2020 to 2030. Furthermore, the revenue of the ma...

The expansion of the construction sector, on account of factors, such as the implementation of initiatives by the government for facilitating infrastructure development and increasing foreign direct investment (FDI), is fueling the demand for CAD software in India . According to the India Brand Equity Foundation (IBEF), India will be home to the third largest construction industry in the world by 2022. The organization also reported that the government allocated Rs. 111 lakh crore or USD 1.4 trillion under the National Infrastructure Pipeline (NIP) for FY2019–2025. The CAD software is being increasingly required in the construction industry for facilitating accurate designs and precise measurements, carry out advanced analysis of the designs, and spot flaws in the designs. Moreover, the CAD software enables construction managers to get a better insight into designs, reduce chances of error, achieve faster project completions, and higher project accuracy and efficiency. Therefore, with ...

Owing to the increasing penetration of the internet, mushrooming use of smartphones, and growing enactment of the bring-your-own-device (BYOD) policy at workplaces in several countries, the global enterprise mobility management (EMM) market is expanding rapidly. According to the forecast of the market research company, P&S Intelligence, the value of the market reached $16 billion in 2020. The market is also expected to exhibit explosive growth during 2021–2030 (forecast period). In recent years, the penetration of the internet has surged sharply in several countries. According to the World Bank, around 49.0% of people all over the world were using the internet in 2017. This is fueling the demand for enterprise mobility management solutions and services. In addition, the rapid advancements being made in technologies, such as artificial intelligence (AI), and the surging number of smartphone users across the world are also propelling the requirement for EMM solutions. This is because...

The World Health Organization (WHO) stated that over 1.9 billion adults across the world were overweight in 2016. Of these, more than 650 million adults were obese. Furthermore, the International Diabetes Federation (IDF) estimates that around 700 million adults within the age group of 20–79 years will be living with diabetes by 2045.  The increasing prevalence of such lifestyle-associated diseases can be attributed to the changing forms of transformation, accelerating urbanization rate, and surging shift toward sedentary lifestyle. Thus, the rising incidence of lifestyle-related ailments and chronic diseases will boost the corporate wellness market growth during 2021–2030.  According to P&S Intelligence, the market was valued at around $51 billion in 2020 and it is expected to generate about $100 billion revenue by 2030. For instance, the WHO estimates that around 17.9 million deaths occur due to cardiovascular diseases (CVDs) each year, globally. The number of cases of ...

A number of factors, such as the surging deployment of unified communication systems, increasing investments in corporate telephony, and rising need to improve productivity and reduce operational cost and time, are expected to drive the growth of the corporate telephony market during the foreseeable period (2021–2030). Moreover, the market is witnessing the increasing incorporation of the internet of things (IoT) with communication systems. IoT improves mobility and enables access to data virtually, by allowing data exchange among various divisions over a wireless network. This leads to better work scheduling and improved communication. The surging deployment of unified communication systems is one of the main factors boosting the growth of the corporate telephony market .   Organizations are rapidly adopting these systems to improve their communications and reduce their operational costs. Moreover, unified communication systems help organizations in improving the user experience,...

The trend of indoor farming is picking up as it can protect crops from natural forces, such as too much rain, drought, hail and snow, too much sunlight, and pests and rodents. This is becoming important in a time when the weather patterns are becoming increasingly erratic. Now, incessant or no rain, extended droughts and periods of dryness, and sudden hail are becoming common.  Such events destroy crops growing in the open, which leads to revenue loss for farmers and reduced food supply for the millions of people on the earth. Thus, the growing trend of indoor farming will drive the grow lights market to $5,954.1 million by 2023 from $2,653.2 million in 2016, at a 12.5% CAGR between 2017 and 2023, as per P&S Intelligence. This will be because being farmed indoors, plants need to be provided with artificial light in order to carry out photosynthesis.  Hence, the role of the natural sunlight is taken over by modern lights, the color and intensity of which can be controlled ...

The global enterprise asset management market was valued at $5.5 billion in 2019, and it is predicted to generate a revenue of $25.9 billion by 2030. Furthermore, the market will demonstrate a CAGR of 17.0% from 2020 to 2030 (forecast period), as per the estimates of the market research company, P&S Intelligence. Businesses require enterprise asset management solutions for managing various assets, such as machines, information technology (IT) infrastructure, and buildings. The major growth drivers of the market are the increasing focus of enterprises on the optimum usage of assets, rising requirements for reducing procurement and maintenance expenses, rapid digitalization in various industries, surging competitiveness in the industry, growing adoption of cloud solutions, and increasing penetration of the internet. Enterprise Asset Management Market Outlook and Opportunities in Grooming Regions Moreover, these solutions assist businesses in attaining improved return on assets (ROA...

The global virtual fitting room market revenue stood at $3,128.6 million in 2019, and it is predicted to rise to $19,250.4 million by 2030. Furthermore, the market will progress at a CAGR of 18.5% from 2020 to 2030 (forecast period), as per the estimates of the market research company, P&S Intelligence.  The market is being driven by the growing popularity of online shopping, increasing penetration of smartphones, and soaring use of advanced technologies by retailers to expand their customer pool. With the rising penetration of the internet, the e-commerce industry is exhibiting huge expansion. As per the World Bank, around 49.0% of the total population across the world had access to the internet in 2017. Virtual Fitting Room Market Business Analysis, Growth and Forecast Report Furthermore, as per the observations of the United Nations Conference on Trade and Development (UNCTAD), in 2018, online sales generated a revenue of $25.6 trillion, which was 8% higher than the number...

A number of factors, such as the increasing usage of cloud-enabled solutions in several sectors, the rising number of advancements in smart devices, and increasing efforts for improving the internet of things (IoT) technology, will drive the edge AI software market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated $1 billion revenue in 2020. Currently, the key market players are engaging in the introduction of new applications, tools, and services to gain a competitive edge. The increasing developments in IoT applications will drive the demand for edge AI software because edge computing has emerged as an efficient technology to address the challenges of IoT. Edge AI Software Market Growth Prospects, Key Vendors, and Future Scenario   IoT applications are enabled in devices that interact with each other using the internet, whereas AI enables these devices to learn from the data collected through IoT. Thus, the usage of IoT empow...