How Does Digitization Result in Content Service Platforms Market Growth?

In 2021, the content services platforms market was valued at $39.8 billion, and it is projected to acquire a size of $155.8 billion by 2030, growing at a rate of 16.4% from 2021 to 2030. The increase in the implementation of SMAC technologies and the mass creation of digital content across enterprises facilitate market growth, as do the growing trend of mobile workforces, increasing research and development expenditures, and technological advancements.

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North America Leading the Regional Video Surveillance Market

The total revenue of the video surveillance market was above $42billion in 2021, and it will reach about $115 billion by 2030, propelling at a compound annual growth rate of around 12% in the years to come. The major factors with the help of which the industry will develop include increasing concerns about safety and security, and surging investments in infra. And the increasing requirement for surveillance systems.

Intelligent video surveillance systems will become more and more significant for preserving safety and security while also examining patterns and trends, as these systems make use of AI software. The application supports the analysis of audio and video data from video cameras, for identifying persons, objects, cars, and dissimilar events.

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What Makes Reed Relay Different from Other Coils?

Reed relay might not be a very familiar term for many of you out there. But, after reading this blog, you will get some understanding about what is reed relay. How does it work, and what makes it different from other relays.

Reed relay is a small electromagnetic switching device. These are made by the placement of a coil around a single or multiple reed switches. Generally, the relay assembly is over-molded after that, or sealed for extra durability and handling.

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Cold Plasma Market is Dominated by North America

The cold plasma market will power at a rate of 14.80% in the years to come, reaching USD 5,568 million by 2030, as stated by P&S Intelligence. It will be as a result of the benefits of the cold plasma technology for numerous applications, such as healing of wounds, and progressions in the same.

Atmospheric cold plasma had the larger share of revenue in the industry, as a result of its use in a number of applications. For example, it has shown good results in the treatment of eczema.

Investigators from the Institute of PPCAS employed an animal model to validate the potential of this technology in the eczema treatment with no side-effects. There is no treatment for atopic dermatitis, alternative term of eczema, up till now; it can be only accomplished with appropriate care.

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Automated Storage and Retrieval System Market Will Reach USD 15,012 Million by 2030

The total value of the global automated storage and retrieval system market was USD 8,499 million in 2022, and it will rise at a growth rate of above 7.4% shortly, reaching USD 15,012 million by 2030, according to P&S Intelligence.

With the constant progression and acceptance of unconventional technologies, like machine learning, artificial intelligence, and the internet of Things, the warehousing sector has experienced a great revolution in the past few years.

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What is the Role of Bioconvergence in Drug Discovery?

Global health and medicine have transformed in the past few years, because of two major reasons: first, the crisis of the global health systems and biopharma because of the sharp rises in health expenses, as well as the development costs of new medicines. Second, the technological advancement in biology, medicine, and engineering.

Moreover, science is the best approach toward a healthier, sustainable, and better future. The world needs to seize this moment to advance scientific momentum. Scientific disciplines, for instance, chemistry and biology have functioned largely in isolation throughout recent history.

However, science has become highly intertwined and very complex in the past few decades. The days of discoveries made by one scientist sitting in a laboratory alone are gone.

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Connected Enterprise Market Is Driven by the Surging Adoption of Smartphones

The globally connected enterprise market will touch USD 2,981.9 billion, propelling at a 34.3% compound annual growth rate, by 2030. This growth can be ascribed to the extensive utilization of smartphones, the rising execution of digital channels by businesses, the steps of governments to advance their telecom infrastructure, and the novelties in digital technologies.

The rise in the utilization of the Internet of things across several industries is mainly boosting industry development. For example, the addition of IoT sensors to client gadgets has significantly changed the retail sector. The key objective of the retail sector is to advance client experience, where a connected method aids merchants in gathering useful information on customer behavior and better understanding buyers’ likings.

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Increasing Rate of Digitalization is Driving the C-RAN Market

The C-RAN market had a value of USD 18.8 billion in 2023, and it will grow at a rate of 27.3% by the end of this decade, to touch USD 101.7 billion by 2030.

This is because of the prompting need for LTE services, the growing use of 5G network, the increasing focus on automation, the increasing digitalization rate, the mounting requirement for loT.

On the basis of component, the infrastructure category is leading the industry. This is because of the high investments by telecom operators in 4G, 5G, and LTE technologies and the rising deployment of C-RAN for many radio protocol support.

Furthermore, the investment made in the infrastructure category is expensive and resource-intensive, but it is important for an area’s financial growth and propensity.

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32-bit Microcontrollers Dominated the Microcontroller Market

The size of the microcontroller market was about $19 billion in 2021, and will reach about $44 billion by 2030, at a growth rate of 10% in the future. The growth industry can be attributed to the increasing demand for microcontrollers in the automotive sectors, the increasing acceptance of medical and healthcare devices, and the increasing use of IoT devices.

32-bit microcontrollers had over 40% share in the past, and will grow at a rate of over 10% in the years to come. This growth has a lot to do with the increasing use of 32-bit microcontrollers in the automotive industry and the decrease in prices of microcontrollers. Further, strict regulations of the government and quality standards for emissions will boost the acceptance of these microcontrollers globally.

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How are Developments in Internet of Things (IoT) Fuelling Growth of Global Connected Logistics Market?

One of the biggest factors driving the demand for connected logistics is the rapid evolution of internet of things (IoT) and related connected technologies, which have resulted in the development of cheaper, smarter, and more efficient communication devices. Due to their ability to provide better and easier connectivity, these devices are witnessing an increasing adoption in several industries, including transportation and logistics, in which they are used to enhance the efficiency of operations through effective data communication.

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Why will Hospital Lighting System Market Surge in Asia-Pacific in Coming Years?

The global hospital lighting system market revenue stood at $5,328.1 million in 2017 and it is predicted to surge to $7,755.4 million by 2023. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 6.4% from 2018 to 2023 (forecast period). The market is being driven by the surging number of hospitals and the soaring requirement for energy efficient lighting systems, on account of the increasing concerns being raised over the escalating greenhouse gas (GHG) emissions all over the world.

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What is the Importance of Practice Management in the Health Care Sector?

Practice management software is created to support medical offices of any size to run more professionally. Characteristically, small and medium-sized practices utilize practice management software to achieve everyday procedures like monetary and administrative functions; some facilities utilize it to connect with electronic medicinal records.

Medical practice management software needs are very basic just an internet connection and a simple computer network. It can be installed in three different conducts: client-server software, desktop-only software, and Internet-based software.

The practice management systems market will reach USD 25,320.7 million by 2030.

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How Is Digital Transformation Boosting Demand for Self-Checkout Systems in Americas?

With the escalating focus on cashless economy, American nations, such as the U.S. and Canada, are adopting an ample number of self-checkout systems in their restaurants, airports, metro stations, and retail stores. With the rising number of digital transactions in the Americas region, market players are introducing self-checkout services that provide digital payments for hassle-free shopping. Owing to this reason, the Americas self-checkout systems market value is expected to grow from $3.9 billion in 2018 to $7.1 billion by 2024, with a 10.9% CAGR during the forecast period (2019–2024).

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How Is Growing Contact Center Sector Driving VoIP Software Market?

The major factors driving the voice-over internet protocol (VoIP) software market is the increasing demand for these solutions from small and medium enterprises (SME) and rising focus of businesses on enhancing their productivity. As a result, the revenue generated from the subscription and licensing of these solutions is projected to surge from $15,114.3 million in 2019 to $30,441.5 million by 2025, at a 13.4% CAGR during 2020–2025 (forecast period). Such software allows people to make telephone calls via the internet cable.

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Why Will APAC Rule the Horticulture Lighting Market?

The global horticulture lighting market is driven by the removal of the ban on the utilization of marijuana in healthcare centers in several nations, snowballing demand for agricultural commodities, and extensive aid for energy-efficient lights. The market is predicted to touch $20.3 billion by 2030, growing at an 18.1% CAGR in the coming years. The swift adoption of technologically advanced devices will create lucrative opportunities for the industry participants to sustain themselves in the highly competitive market. LED is predicted to be the largest growing technology prevailing in the market in the forecast period.

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