P&S Intelligence @devanshuraizada - Tumblr Blog

Factors such as the expanding gas pipeline network, flourishing automotive industry, and increasing installation of heating, ventilation, an...

The soaring global temperature, on account of the excessive burning of fossil fuels and extensive use of chlorofluorocarbon (CFC), will also boost the demand for HVAC systems worldwide. Moreover, the rapid development of energy-efficient HVAC systems is also creating a huge demand for compressors. Geographically, Asia-Pacific (APAC) led the compressor market during the historical period (2014–2019), and it is expected to retain its dominance during the forecast years as well.

According to the Household Income and Expenditure Survey released by the General Authority for Statistics, the average household monthly inc...

The rising spending power of people, owing to the soaring income, will increase the penetration of digital transaction platforms in Saudi Arabia. Thus, the surging income of people is expected to drive the Saudi Arabian digital transaction management market (DTM) at an exceptional CAGR of 35.7% during 2020–2030. According to P&S Intelligence, the market was valued at $60.88 million in 2020, and it will generate $1,288.27 million revenue by 2030.

Everyone wants to stay connected wherever they are, whether it is watching movies and surfing the internet on the go and controlling home appliances from remote locations or sending data from medic…

Currently, the demand for 5G infrastructure hardware and services is the highest in North America as the governments here are looking to cover as much of the populace with 5G as quickly as possible. For this, the U.S. government sanctioned $9 billion in October 2020 to deploy 5G networks in rural areas. Moreover, the rising adoption of IoT, autonomous cars, and connected medical devices in the region is driving the demand for robust connectivity.

Lighting systems embedded with sensors and wireless technologies capable of reducing energy consumption are referred to as smart lighting. The installation of these energy-efficient lighting soluti…

The adoption of connected technologies and smart automation in LED systems is revolutionizing the way lighting systems interact with their surroundings and consume energy. These lighting systems are being increasingly installed in smart cities. Thus, the soaring number of smart cities will drive the smart lighting market at a CAGR of more than 20.0% during the forecast period (2017–2023).

Factors such as the increasing use of the computer-aided design (CAD) software in the packaging sector and the surging production of quality...

The increasing use of the CAD software in the packaging sector is one of the primary growth drivers for the market. Packaging machinery is used for product filling, labeling, wrapping, and strapping. Over the years, packaging machines have become more complex, owing to which designers and engineers are increasingly adopting the CAD software to meet the mechatronic engineering challenges, as it allows unconventional modeling of this machinery through communication and simulation control tools. These tools help in reducing the cost and energy consumption of machines by optimizing motors and helping select actuators.

The global silicon on insulator (SOI) market revenue is predicted to rise from $684.8 million in 2018 to more than $2,285.5 million by 2024....

SOIs are being increasingly used in consumer electronic devices such as digital cameras, notebooks, smartphones, and tablets. Additionally, the increasing usage of smartphones, which are equipped with advanced location awareness capabilities, multimedia features, and long-term evolution (LTE) multimode connectivity, on account of the increasing penetration of the internet and soaring digitalization, especially in the Latin American (LATAM) and Asia-Pacific (APAC) countries, is also driving the demand for SOIs across the globe.

The mushrooming popularity of organic foods is one of the major factors driving the demand for vertical farming across the world. Nowadays, people are increasingly preferring organic foods, on acco…

The governments of several countries are encouraging the production of organic foods via the adoption of organic pesticides. These factors are driving the expansion of the global vertical farming market, as a result of which, the value of the industry is predicted to surge from $1,400 million in 2016 to $6,372.5 million by 2023. Furthermore, the market will progress at a CAGR of 24.2% from 2017 to 2023 (forecast period).

From $24.6 billion in 2019, the global commercial refrigeration equipment market value is predicted to surge to $33.9 billion by 2030. According to the estimates of the market research company, P&a…

With their increasing disposable income, the middle-class populace, particularly in the Eastern world, is increasingly preferring ready-to-eat food products. Moreover, the rising influence of the Western lifestyle is also positively impacting the sales of ready-to-eat foods. Such rapid changes in the food consumption and dietary habits of people are causing a sharp rise in the number of hypermarkets, food and restaurant chains, and supermarkets around the world.

In the preceding years, the North American region was the dominant user of ESLs, primarily on account of the largescale adoption of this tec...

The extensive labor cost in European nations will also boost the demand for ESLs in stores and warehouses in the region. The large-scale adoption of ESLs in retail outlets and warehouses helps retailers in achieving higher productivity and efficiency by minimizing human intervention. The communication technology segment of the electronic shelf label market is categorized into near-field communication (NFC), radio frequency, infrared, and others.

Across the globe, North America contributed the highest revenue to the network telemetry market in the years gone by, and it is predicted to...

It is safe to say that the demand for network telemetry solutions will rise enormously in the coming years, primarily because of the growing requirement for reduced downtime and optimization of the network infrastructure, on account of the rapid digitization of several business operations across the world.

The Infrastructure Vision 2025 of the Indian government aims to design, deliver, and maintain public infrastructure projects to meet the goals of inclusiveness, equity, and efficiency and leverage technology to improve efficiency, safety, and service standards. According to P&S Intelligence, the market was valued at $10,352.1 million in 2020, and it will generate $20,269.7 million revenue by 2030. Likewise, the Infrastructure for Rebuilding America (INFRA) Grant Program of the U.S. Department of Transportation aims to construct new and improve existing ports, roads, railways, and small cities and villages in the U.S. The increasing infrastructure development activities will, therefore, accelerate the deployment of outdoor lighting solutions worldwide. Geographically, the Asia-Pacific (APAC) region accounted for the largest share in the outdoor lighting market in 2020 due to the widescale deployment of smart LED lighting systems and extensive focus of governments on LED installation. Moreover, the rising number of smart city projects in China, South Korea, and India will also support the market growth in the region. Additionally, the rising adoption of energy-efficient lighting solutions and the soaring number of government policies regarding energy efficiency are expected to propel the outdoor lighting market at a CAGR of 7.0% during the forecast period (2020–2030). In recent years, the increasing adoption of smart outdoor lighting has become a major market trend, as it reduces energy consumption, decreases environmental impact, mitigates maintenance cost, and enhances safety in public spaces. Fluorescent lights, high-intensity discharge (HID) lamps, light-emitting diode (LED) lights, and plasma lights are the different types of lighting solutions being used in outdoor locations. In contemporary years, LED lights have been adopted in the highest volume as they allow effective use of light intensity controls and enhance energy savings potential. LEDs are being increasingly deployed on streets, stadiums, and parking lots. All these outdoor lighting solutions are available on retail and direct sale distribution channels. Source: P&S Intelligence

Geographically, the Asia-Pacific (APAC) region accounted for the largest share in the outdoor lighting market in 2020 due to the widescale deployment of smart LED lighting systems and extensive focus of governments on LED installation. Moreover, the rising number of smart city projects in China, South Korea, and India will also support the market growth in the region.

Industry 4.0 aims to revolutionize the manufacturing and distribution process of the industrial sector. To improve the production and delivery process, manufacturers are adopting cloud computing an…

In the coming years, the use of collaborative modular robots (cobots) will gain high traction due to the surging need for robotics systems in the electrical and electronics and automotive industries. Moreover, the increasing advancements being made in speech recognition and machine vision related to end-effectors, such as controllers, grippers, and several other robotic modules, will also facilitate the adoption of collaborative modular robotics systems.

From $1.5 billion in 2020, the global data center infrastructure management (DCIM) market revenue is predicted to surge sharply in the coming years. This will be because of the growing requirement …

Data center infrastructure management (DCIM) provides insights and visibility by monitoring several parameters, such as the performance of computers and data center servers, network operations, and security uptime and also by resolving various network issues as they arise. Depending on application, the DCIM market is divided into capacity planning, environmental monitoring, asset management, power monitoring, and business intelligence (BI) and analytics.

The radiofrequency (RF) transceiver market revenue is expected to decline from $3,892.1 million in 2019 to $3,384.5 million by 2030, because of the falling costs of RF transceivers, due to rise in economies of scale. Moreover, the surging adoption of mobile communication technologies, such as 5G and 4G, burgeoning demand for mobile devices, and increasing adoption of internet of things (IoT) technology will help the market exhibit a CAGR of 0.8% during the forecast period (2020–2030). Currently, the booming demand for wideband transceivers, on account of the rapid technological advancements and escalating demand for seamless, reliable, and secure communication, is becoming a key market trend. The mounting demand for mobile devices in developed and developing countries, owing to the surging need to stay connected and increasing internet penetration, is a prominent growth driver of the market. The International Telecommunication Union’s (ITU) World …

Currently, the booming demand for wideband transceivers, on account of the rapid technological advancements and escalating demand for seamless, reliable, and secure communication, is becoming a key market trend. The mounting demand for mobile devices in developed and developing countries, owing to the surging need to stay connected and increasing internet penetration, is a prominent growth driver of the market.

The United Nations forecasts that the world population will grow from 7.7 billion in 2019 to 10.9 billion by 2099. In addition, Instituto Na...

The expanding population base will create an enormous requirement for farm products in the foreseeable future. Thus, the surging need to increase farm productivity will help the agricultural drones market demonstrate an exceptional CAGR of 25.0% between 2019 and 2024. According to P&S Intelligence, the market revenue stood at $1.5 billion in 2018 and it will reach $6.2 billion by 2024.

The Communications Security Establishment (CSE), Government of Canada, has established the Canadian Center for Cyber Security to defend the networks of the government, offer simple

Currently, the rising demand for cloud encryption, owing to high data privacy and lower information technology (IT) expenditure associated with it, has become a prominent market trend. Media and entertainment, education, manufacturing, aerospace and defense, healthcare, government, IT and telecom, retail and e-commerce, and banking, financial services, and insurance (BFSI) sectors use KMaas solution and services, such as managed and professional, to increase cybersecurity.

The global voice over internet protocol (VoIP) software market value stood at $15,114.3 million in 2019, and it is predicted to rise to $30,...

The VoIP software market is being driven by the growing need for the VoIP software among small and medium enterprises (SMEs) and the rising focus of enterprises on improving their productivity. SMEs are rapidly adopting this technology, owing to its easy-to-use, troubleshoot, and install features. Additionally, this technology facilitates voice communication at more affordable rates than conventionally adopted telephony systems.

Trending Blogs

Recently Viewed Blogs

P&S Intelligence