Virtual machines market is anticipated to grow at a significant CAGR of 16.7% during the forecast period (2024-2031). A Virtual Machine (VM) is a software emulation of a physical computer system that offers extended processing power, memory, storage, and the ability to run its operating system. The market growth is attributed to the increasing adoption of the VMs by the various industry verticals and data centers. The global advancement in the IT industry is also contributing towards market growth.
Application modernization services market is anticipated to grow at a significant CAGR of 17.0% during the forecast period (2024-2031). Application modernization services providing companies assist organizations in updating their existing software applications to enhance efficiency, security, and scalability. These services address challenges such as the cost and maintenance of legacy applications, the need to keep up with security threats, and the need for a user-friendly interface. By implementing these services, companies can improve their applications' performance and security.
Contactless connectors market is anticipated to grow at a CAGR of 17.2% during the forecast period (2024-2031). Contactless connectors are electronic components broadly used to transmit both data and power without direct physical contact enabling completely sealed product designs and minimizing potential damage caused by dust, dirt, and moisture. It is used in industries including consumer electronics, automotives, healthcare, automation, and others.
Server Operating System market is anticipated to grow at a CAGR of 10.96% during the forecast period (2024-2031). A Server Operating System (OS) is software designed to manage and control server hardware resources, providing services and facilitating communication between clients and servers in a networked environment.
IT devices market is anticipated to grow at a CAGR of 9.1% during the forecast period (2024-2031). The IT devices market is a broad term that encompasses a wide range of devices used for information processing, communication, and entertainment. This includes everything from traditional computers and laptops to smartphones, tablets, wearables, and even smart home devices.
Hardware security modules market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). The growth of industry digitalization, specifically in cloud-based network deployments, increases the requirements for solutions for safeguarding encryption keys and algorithms for subscription authentication. The growing adoption of 5G, and IoT with the improving private networks and critical communications services is the key factor supporting the growth of the market globally.
Graphic processor market is anticipated to grow at a considerable CAGR of 34.2% during the forecast period. The increasing usage of graphic processors to support graphics applications and 3D content in various industrial verticals such as manufacturing, automotive, real estate, and healthcare is a key factor driving the global market growth. For instance, to support manufacturing and design applications in the automotive sector, CAD and simulation software leverages GPUs to create photorealistic images or animations.
Smart container market is anticipated to grow at a CAGR of 20.0% during the forecast period (2023-2030). Smart containers refer to shipping containers equipped with sensors and advanced technology that enable the real-time monitoring and tracking of cargo and container conditions, providing valuable insights into factors such as temperature, humidity, and location. These containers offer advantages such as heightened visibility within the supply chain, improved cargo security, and more efficient cargo management.
Building automation system market is anticipated to grow at a significant CAGR of 10.8% during the forecast period. The growing adoption of building automation systems across the globe is a key factor driving the growth of the global building automation system market. Building automation systems exhibit functions such as control of the building's environment and operating systems and monitoring the system performance, based on which the systems produce sound alerts as required.
Specialty PACS market is anticipated to grow at a significant CAGR of 4.5% during the forecast period. PACS refers to picture archiving and communication system, a medical imaging technology which is used to store, retrieve, present and transmit images and reports. Ophthalmology PACS is used to manage the image data and eliminates the need to manually file, store and retrieve information. According to the about 3 million Americans have glaucoma.
IT and OT converge market is anticipated to grow at a CAGR of 9.8% during the forecast period. This market growth is driven by the expanding connectivity and digitization of industrial control systems (ICS) used in critical infrastructure including power grids and manufacturing plants. Owing to such factors, pushed several major players to integrate upgraded and technological advanced OT services.
Communication platform as a service market is anticipated to grow at an expontial CAGR of 30.5% during the forecast period. Communications-platforms-as-a-service (CPaaS) are cloud-based solutions that allow organizations to add real-time voice, messaging, and video into existing enterprise applications via APIs. These communication APIs have WebRTC, which includes similar capabilities to browsers and mobile apps and services. The growth of the market is attributed to factors such as increasing importance and demand for cloud-based solutions and services.
Property management service market is anticipated to grow at a CAGR of 9.5% during the forecast period (2023-2030). Property management is the daily oversight of residential, commercial, or industrial real estate by a third-party contractor. They usually work for the owners of investment properties such as apartment and private home communities, shopping centers, and industrial parks. The growing adoption of urbanization, increasing real estate investments, shift towards the rental market, technological advancements are the key factor supporting the growth of the market globally.
Computational fluid dynamics market is anticipated to grow at a CAGR of 8.4% during the forecast period. The rising demand for computational fluid dynamics from various end-user industries due to the increasing automation is a key factor driving the growth of the global market growth. Reduction in product design time and cost has created the demand for the computational fluid dynamics market growth.
Hyperscale computing market is anticipated to grow at a CAGR of 21.4% during the forecast period. The rising focus on high-performance computing is a key factor to drive the hyperscale computing market over the forecast period. Hyperscale computing is referred to as a distributed architecture that can accommodate increasing demand from back-end computing and internet-facing resources and does not require additional electric or cooling power and physical space. Hyperscale architecture ensures an optimum level of throughput performance and incremental redundancy for providing fault tolerance and continuous availability.
Digital printing market is anticipated to grow at a CAGR of 6.8% during the forecast period. Commercial printing is undergoing significant structural and transitional changes as a result of the difficult shift from traditional print technologies to digital. The cost of printing is anticipated to rise because the technology is still specialized and calls for printing in smaller or customized batches.
The global metamaterial technology market is anticipated to grow at a significant CAGR of around 30.5% during the forecast period. The major factor driving the growth of the market include increasing demand for matematerial technologies in healthcare devices, solar power systems, drones, anti-laser coating applications, and other engineering areas.
The global edge computing hardware market is expected to grow at a significant CAGR during the forecast period (2021-2027). Edge computing refers to the distributed computing paradigm, which is mostly used to bring computing and data storage closer to the location, to improve the response time.
The global data center fire detection and suppression market is expected to grow at a significant CAGR during the forecast period (2021-2027). The increasing innovations in server virtualization and the adoption of AI-based servers fuel the demand for fire and safety products.
The global self-service kiosk market is anticipated to grow at a significant CAGR during the forecast period. Self-service kiosks are computer tools designed to aid people in performing specific tasks and services on their own like paying bills, buying tickets, bank transactions and others.
The Global Ultrasonic Testing Market is expected to grow at a significant CAGR during the forecast period (2021-2027). Ultrasonic testing (UT) is used to check industrial equipment, machinery, aircraft replacement parts, and components for service defects. It's a cutting-edge technology for penetrating the thickness of the material by transmitting ultrasonic vibrations through it.
The global next-generation firewall market is anticipated to grow at a significant CAGR during the forecast period. The next-generation firewall (NGFW) has new features such as in-line deep packet inspection (DPI), application-level traffic inspection, and intrusion prevention (IPS).
The global mobile value added services (VAS) market is expected to grow at a significant CAGR during the forecast period (2021-2027). Mobile value-added services, or MVAS, assist with non-standard mobile phone services such as fax transmissions and voice calls.
The global wireless routers market is anticipated to grow at a significant CAGR during forecast the period. Wireless routers are known for having wireless access points that link to the internet or a private computer network.
The global AISG connector market is expected to grow at a significant CAGR during the forecast period (2021-2027). AISG connections are screw coupling connectors that have been developed to AISG's requirements (Antenna Interface Standards Group).
The global managed VPN market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing amount of data created globally which requires VPN for better management.
The cognitive data management market is anticipated to grow at a significant CAGR during the forecast period 2021 to 2027. Increased acceptance of cognitive data management has resulted from advancement in the IoT-based devices, a rise in the volume of big data, and the rise of advanced technologies such as AI.
The global direct attach cable market is expected to grow at a significant CAGR during the forecast period. The key factor contributing to the growth of the global direct attach cable market includes increasing adoption of products for data storage and rising investments by manufacturers to meet the growing high bandwidth applications and high-density applications requirements.
The global edge gateway market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing number of connected and digitally active consumers and the adoption of IoT across various industries.
North American data visualization tools market is anticipated to grow at a CAGR of nearly 12.5% during the forecast period (2021-2027). The market is set to display tremendous growth with emerging factors such as the integration of IoT services, the emergence of smart technologies for security investments, and the adoption of technologies such as machine learning, AI, blockchain technology, data science, and robotics.
European data visualization tools market is projected to grow at a CAGR of nearly 9.0% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the increase in the adoption of data analytics tools such as tableau and the rising investment of business enterprises in the visualization system.
Asia-Pacific data visualization tools market is projected to grow at a CAGR of nearly 13.0% during the forecast period (2021-2027). The presence of major vendors across the region is a key factor driving the growth of the data visualization tools market. China, Japan & South Korea are key contributors to the high share of the regional market.
The global data visualization tools market is estimated to grow at a CAGR of nearly 11.5% during the forecast period (2021-2027). The major factor driving the growth of the market include its benefits in business decision making. Data visualization makes business decision making quick and easy.
US smart highway market is predicted to grow considerably at a CAGR of 14.8% during the forecast period (2021-2027). The development of smart city projects across the US, immense development in the field of autonomous cars, growing penetration of advanced technologies in field of transportation are some of the key factors driving the growth of the US smart highway market.
North American smart highway market is predicted to grow considerably at a CAGR of 15.9% during the forecast period (2021-2027). Technological advancement in smart highway technologies, rising need of such technologies to reduce road accidents, high penetration of smart technologies such as AI and IoT are some of the key factors driving the growth of North American smart highway market.
European smart highway market is predicted to grow considerably at a CAGR of 17.4% during the forecast period (2021-2027). Technological advancement in smart highway technologies, rising need of such technologies to reduce road accidents, high penetration of smart technologies such as AI and IoT are some of the key factors driving the growth of European smart highway market.
China smart highway market is predicted to grow considerably at a CAGR of 23.2% during the forecast period (2021-2027). The growth factors for the China smart highway market includes development of smart highway projects in major cities, immense development in the field of autonomous cars, growing penetration of advanced technologies.
Asia-Pacific smart highway market is predicted to grow considerably at a CAGR of 20.4% during the forecast period (2021-2027). The growth factors for the Asia-Pacific smart highway market includes development of smart highway projects in major countries, immense development in the field of autonomous cars, growing penetration of advanced technologies.
Global smart highway market is anticipated to grow at a considerable CAGR of 19.1% during the forecast period (2021-2027). The rapid urbanization across the globe has led to expansion of carbon footprint which has promoted the need for the adoption sustainable technology for intelligent transportation.
The US self-service kiosk market is estimated to grow at a CAGR of 4.9% during the forecast period. The well-established economy of the country laid the ground for the growth of the self-service kiosk market. The QSR industry is gaining significance in the US self-service kiosk market. In June 2018, McDonald’s had announced to upgrade 1,000 stores with kiosk and mobile order technology every quarter for the next eight to nine quarters.
The North American self-service kiosk market is estimated to grow at a CAGR of 4.9% during the forecast period. The market growth is attributed to the increasing acceptance of self-service technologies among the population. Moreover, a considerable presence of major end-users of self-service technology including hospitality, healthcare, banking, and others is also driving the growth of the market.
The European self-service kiosk market is estimated to grow at a CAGR of 4.7% during the forecast period. The major factors contributing to the growth of the market include the growing demand for self-service kiosks among retailers, and the rising adoption of smart technologies in several fields, such as healthcare and BFSI.
The Asia-Pacific self-service kiosk market is estimated to grow at a CAGR of 5.7% during the forecast period. The significant adoption of the self-service kiosk in various sectors such as BFSI, retail, and other sectors is one of the major factors that considerably contributing to the growth of the market.
The global market for HCI is projected to have considerable CAGR of 29.5% during the forecast period. The major factors that propels the HCI market include the the rising application of HCI in various industries such as BFSI and IT & telecom and others due to several advantages including disaster recovery, optimize operational expenditure and capital expenditure capabilities.
The global market for self-service kiosk is estimated to have significant CAGR of around 6.1% during the forecast period. The market for self-service kiosks is constantly growing as they provide cost-effective and time-efficient solutions.
The global market for bank kiosk is estimated to have significant CAGR of around 4.6% during the forecast period. The growth of the bank kiosk market is driven by factors, such as improved customer services through interactive kiosks and reduced operational costs.
The global market for smart display is projected to have considerable CAGR during the forecast period. The market growth mainly backed by the rising trend of smart display solutions in the commercial sector coupled with the continuous deployment of advanced technologies in the market, which includes smart assistant TV and smart signage.
The global market for DAQ is projected to have considerable CAGR of around 6.5% during the forecast period. Data acquisition and conversion systems are used to acquire analog signals from one or more sources and convert these signals into digital form for analysis or transmission by end devices such as digital computers, recorders, or communications networks.
The global market for content recommendation engine is projected to have considerable CAGR of around 34.5% during the forecast period. The market growth mainly backed by the increasing adoption of various digital solutions by the companies to improve customer experience and growing demand of management of large consumer data for proper customer experience insights.
The global market for IT infrastructure management software is estimated to have a significant CAGR during the forecast period. IT infrastructure management software is the fundamental building block that allows best practices for the management of the IT infrastructure efficiently and allows users to schedule preventive care and track history.
The global market for website accessibility testing software market is anticipated to grow at a considerable CAGR during the forecast period. Website accessibility evaluation tools are mainly utilized to check the web content accessibility guidelines.
The global metamaterials market is estimated to grow at a considerable CAGR during the forecast period. Artificial materials, often called metamaterials, are artificial electromagnetic media whose physical properties are engineered by assembling microscopic and nanoscopic structures in unusual combinations.
The global DXP market is projected to grow at a significant CAGR of 11.4% during the forecast period. The growing trend for a better understanding of the customer as the customer engagement strategy further propels the demand for DXP solutions in various industries such as retail, BFSI, and others.
The global cognitive data management market is projected to grow at a significant CAGR of 18.3% during the forecast period. The major factor that is contributing to the growth of the market including the growing demand for automated solutions for data management coupled with growing big data analytics in various sectors such as BFSI, IT & Telecom and others.