Research Insight

Market Leaders: Major Players Are Focusing on new Product Development and Investment to Strengthen their Market Position in Industrial Sugar Market

According to MarketsandMarkets, the industrial sugar market is projected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value. The demand for industrial sugar products is primarily driven by the increased consumption of convenient and processed food and beverages due to rapid lifestyle.

• Published: May 2023

3D IC and 2.5D IC Packaging Companies - Taiwan Semiconductor Manufacturing Company, Ltd. (Taiwan) and Samsung (South Korea) are the Key Players

The 3D IC and 2.5D IC packaging market is estimated to be worth USD 49.3 billion in 2023 and is projected to reach USD 82.0 billion by 2028, at a CAGR of 10.7% during the forecast period. The increasing need for advanced architecture in electronic products is a major factor driving the growth of 3D IC and 2.5D IC packaging market globally. Moreover, growing adoption of high-end computing, servers, and data centers is also key factor contributing to the market growth.

• Published: May 2023

Unlocking Growth: Emerging Trends in the Global Composable Applications Market

According to MarketsandMarkets, the market for modular applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028.

• Published: May 2023

Fueling Innovation: Size and Share and Growth Factors in the Composable Applications Market

According to MarketsandMarkets, the market for composable applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028.

• Published: May 2023

Companies in NLP in Education Industry - IBM (US), Microsoft (US) & SAS Institute (US)

The global Natural Language Processing (NLP) in education market size is projected to grow from USD 99 million in 2023 to USD 228 million by 2028, at a Compound Annual Growth Rate (CAGR) of 18.1%.

The rising demand for efficient language learning, the urge for predictive analytics to reduce risks and identify growth opportunities, and the evolution of AI and deep learning will drive the market.

• Published: May 2023

` - Veolia Water Technologies(France) and Evoqua Water Technologies(US) are Leading Players in the Brine Concentration Technology (BCT) Market

The brine concentration technology market is projected to reach USD 21.1 billion by 2027, at a CAGR of 6.0% from USD 15.8 billion in 2022. The market growth is driven by factors such as the use of processes like zero liquid discharge systems and the increasing demand for the use of desalination due to the limited availability of freshwater.

• Published: May 2023

Top Application Integration Companies - Salesforce (US) and SAP (Germany) | MarketsandMarkets

The application integration market size is projected to grow from USD 15.4 billion in 2023 to USD 38.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 20.0% during the forecast period. The rising need to eliminate data silos and improve productivity is driving the growth of the application integration market.

• Published: May 2023

Market Leaders - Plant Factory Market

The market for plant factory  is estimated at USD 138 million in 2023; it is projected to grow at a CAGR of 7.3% to reach USD 196 million by 2028. According to a report by the Food and Agriculture Organization of the United Nations, global food demand is projected to increase by 50% by 2050, which will require a significant increase in agricultural productivity. Plant factories offer a potential solution to this challenge, as they can produce high yields of crops in a controlled environment.

• Published: May 2023

Application Integration Market Size, Share and Growth Landscape

With a Compound Annual Growth Rate (CAGR) of 20.0% over the course of the forecast period, the application integration market is expected to rise from USD 15.4 billion in 2023 to USD 38.4 billion by 2028. The rising need to eliminate data silos and improve productivity is driving the growth of the application integration market.

• Published: May 2023

Application Integration Market - Key to Unlocking Data & Streamlining Operations

Over the course of the forecast period, the application integration market is expected to develop at a Compound Annual Growth Rate (CAGR) of 20.0%, from USD 15.4 billion in 2023 to USD 38.4 billion by 2028. The rising need to eliminate data silos and improve productivity is driving the growth of the application integration market.

• Published: May 2023

Illumina, Inc. (US) and Thermo Fisher Scientific, Inc. (US) are Leading Players in the NGS-based RNA-sequencing Market

The global NGS-based RNA-sequencing market is projected to reach USD 5.5 billion by 2027 from USD 2.5 billion in 2022, at a CAGR of 17.2% during the forecast period. Factors such as the advantages of RNA sequencing over conventional technologies, the decreasing costs of genome sequencing, increasing government funding to support genomics projects, growing research involving RNA sequencing, growing cancer cases, the increasing application of NGS in cancer research, and rapid growth in personalized medicine are expected to drive the growth of the market.

• Published: May 2023

Aircraft Health Monitoring Companies - Airbus S.E (Netherlands) and Raytheon Technologies Corporation (US) are the Key Players

An aircraft health monitoring system (AHMS) is a system that monitors the health and performance of an aircraft in real time using sensors and other data sources. The AHMS is meant to collect data from numerous aircraft systems and subsystems, including as engines, avionics, and structures, in order to detect any anomalies or possible difficulties that could jeopardize the aircraft's safety or efficiency. To analyse the received data and create insights and actionable information for pilots and maintenance crews, the AHMS often leverages various data analytics techniques like as statistical analysis, machine learning, and artificial intelligence algorithms. This data can be utilised to identify potential maintenance concerns, optimise maintenance schedules, and improve overall aircraft safety and efficiency. The AHMS software provides a comprehensive perspective of the aircraft's health and performance, allowing operators to make informed maintenance, repair, and operational decisions. The technology can also provide real-time notifications to ground-based maintenance and operations people, allowing them to respond to any problems as they develop. The aircraft health monitoring systems market size is projected to grow from USD 6.3 Billion in 2023 to USD 8.6 Billion by 2028, at a CAGR of 6.5 %.

• Published: April 2023

Foremost Companies in the Airway Management Devices Market: Medtronic (Ireland) and ICU Medical, Inc. (US)

The airway management devices market is projected to reach USD 2.4 billion by 2028 from USD 1.8 billion in 2022, at a CAGR of 5.6% during the forecast period. Factors such as the growing number of pre-term births, rising geriatric population and increasing prevalence of chronic respiratory diseases, are supporting the market growth. Increasing demand for single-use airway management devices and significant growth potential in developing countries for airway management therapies present growth opportunities for the vendors in the market.

• Published: April 2023

Top Companies in Composable Applications Industry - Salesforce (US), Dell Boomi (US), MuleSoft (US), Informatica (US) and Software AG (Germany)

According to MarketsandMarkets, the market for composable applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028. Increased demand for app development is driving composable application market growth.

• Published: April 2023

Top Companies List of Circuit Monitoring Industry - ABB (Switzerland), Schneider Electric (France) and Eaton (Ireland)

The global circuit monitoring market is projected to reach USD 829 million by 2028 from an estimated USD 659 million in 2023, at a CAGR of 4.7% during the forecast period. Factors such as huge investments, along with enforcement of stringent standards, to reduce carbon footprint in data centers are driving the growth of the circuit monitoring market.

• Published: April 2023

Bio-Rad Laboratories, Inc. (US) and Thermo Fisher Scientific, Inc. (US) are Leading Players in the Multiplex Assays Market

The multiplex assays market is valued at an estimated USD 3.5 billion in 2022 and is projected to reach USD 5.3 billion by 2027, at a CAGR of 8.8% during the forecast period.  Growth in this market is mainly driven by factors such as increasing use of multiplex assays in companion diagnostics and increasing advantages over singleplex and traditional assays. However, the high cost of multiplex assay equipment, stringent regulations and standards, and issues in the standardization of multiplex assays design are the major factors restraining the growth of this market.

• Published: April 2023

The Future of Learning: Top Trends Shaping Digital Education

MarketsandMarkets expects the global Digital Education Market to grow from USD 11.5 billion in 2021 to USD 46.7 billion by 2026, with a Compound Annual Growth Rate (CAGR) of 32.3% during the projected period. Increased internet penetration; lower infrastructure costs and increased scalability through online learning; better efficiency, convenience, and flexibility; and rising demand for microlearning are all significant factors driving the growth of the Digital Education market.

• Published: April 2023

Global Digital Education Market: Key Growth Drivers and Leading Companies

MarketsandMarkets expects the global Digital Education Market to grow from USD 11.5 billion in 2021 to USD 46.7 billion by 2026, with a Compound Annual Growth Rate (CAGR) of 32.3% during the projected period. Increased internet penetration; lower infrastructure costs and increased scalability through online learning; better efficiency, convenience, and flexibility; and rising demand for microlearning are all significant factors driving the growth of the Digital Education market.

• Published: April 2023

Top Water Soluble Fertilizers Companies: Nutrien (Canada), Israel Chemical Company (Israel), Sociedad Quimicay Minera De Chile (SQM) (Chile), K+S Aktiengesellschaft (Germany), and Yara International (Norway)

The water-soluble fertilizers market size is projected to reach $25.1 billion by 2028 from $18.3 billion in 2023, growing at a CAGR of 6.5% from 2023 to 2028. The water-soluble fertilizer industry has experienced a shift in demand due to changing consumer preferences and an increasing need for convenience. Water soluble fertilizers offer an advantage over traditional fertilizers, such as their quick dissolving ability in water and a high level of nutrient availability. Companies are investing in R&D to meet the market’s needs.

• Published: April 2023

Industrial Cleaning Chemicals Companies - BASF SE (Germany) and Dow Inc. (US) are Leading Players in the Industrial Cleaning Chemicals Market

The industrial cleaning chemicals market is projected to grow from USD 47.1 billion in 2023 to USD 59.5 billion by 2028, at a CAGR of 4.8% during the forecast period. The market growth is primarily driven by factors such as increased concern over healthier environment and workplace hygiene initiatives. Increasing demand from application post COVID-19 pandemic benefits the industrial cleaning chemical suppliers and fuels the global industrial cleaning chemicals market.

• Published: April 2023

Glass Mat Companies - Increasing demand for lightweight products in the automotive & transportation industry to drive the Glass Mat Market

The glass mat market size is estimated to be USD 1.3 billion in 2022 and is projected to grow at a CAGR of 8.6% between 2023 to 2028. The use of glass mat in the wind energy, electrical & electronics, and consumer goods industries is also driving the market in the Asia-Pacific region. The use of glass mat has increased in the construction & infrastructure and industrial applications end-use industries for applications such as reinforcement of concrete products, utility poles, pipes & tanks, roofing panels, and composite walls. The light weight and high strength properties of glass mat allow these products to penetrate the market.

• Published: April 2023

Defense Electronics Companies - Lockheed Martin Corporation (US) and Northrop Grumman Corporation (US) are the Key Players

The Defense Electronics Market is projected to reach USD 213.2 Billion by 2028, from USD 166.7 Billion in 2023, at a CAGR of 5.1%. The global Defense electronics market has grown significantly in the past several years owing to increasing geopolitical disputes, terror attacks, and border issues. Technological developments in military systems and equipment have resulted in significant improvements in defense electronics systems. The use of integrated defense electronics products provides multiple advantages, such as real-time decision-making, remote operations, and reprogramming of systems for defense against new and emerging threats. Defense electronics products, including integrated electronic warfare systems, enable communication with multiple other military defense systems, resulting in better-coordinated operations.

• Published: April 2023

Top Companies in Diesel Engines Industry - Caterpillar (US), Cummins (US) and Hyundai Heavy Industries (South Korea)

The global diesel engine market is estimated to grow from USD 63.9 billion in 2023 to USD 78.8 billion by 2028, at a CAGR of 4.3% during the forecast period. Factors including the increased need for backup power production for power expansion, international marine freight transit improvement, and maritime tourism development primarily drive the diesel engine market. The propulsion systems and diesel engine market will continue to expand as more marine vessels would be required for defense and patrol.

• Published: April 2023

Top Companies List of Digital Twin in Finance Industry - IBM (US), Microsoft (US) and Capgemini (France) | MarketsandMarkets

The digital twin in finance market size is projected to grow from USD 0.1 billion in 2023 to USD 0.5 billion by 2028, at a CAGR of 34.8% during the forecast period. The growing adoption of industry 4.0 and need to test new market scenarios in real time to reduce risks will drive the growth of digital twin in financial market. In the banking sector, Industry 4.0 technologies have unlocked new dimensions. With Industry 4.0, new banking services and opportunities can be launched to improve business performance and end customer experiences.

• Published: April 2023

Top Cloud-based Quantum Computing Companies - Microsoft (US) and AWS (US)

The cloud-based quantum computing market is projected to grow from USD 798 million in 2023 to USD 4,063 million by 2028, at a CAGR of 38.5 %.

The increasing accessibility of quantum computers using cloud technology drives the market growth. The rapid digitalization across several countries is also projected to fuel market development in the coming years.

Major Cloud-based Quantum Computing Companies include

• IBM (US)
• Microsoft (US)
• Google (US)
• AWS (US)

• Published: April 2023

Unveiling the Power of Digital Twins: 5 Trends Shaping the Future of Finance

The digital twin in finance market is expected to increase from USD 0.1 billion in 2023 to USD 0.5 billion by 2028, with a CAGR of 34.8% over the forecast period. The increased use of industry 4.0, as well as the necessity to test novel market scenarios in real time to decrease risks, will drive the development of digital twins in the financial sector. Industry 4.0 technology have opened up new possibilities for the banking industry. Industry 4.0 enables the launch of new banking services and chances to improve business performance and end-customer experiences.

• Published: April 2023

Digital Twin in Finance: Growth Drivers & Leading Players

The digital twin in finance market is expected to increase from USD 0.1 billion in 2023 to USD 0.5 billion in 2028, at a CAGR of 34.8% over the forecast period. The increased use of industry 4.0, as well as the necessity to test novel market scenarios in real time to decrease risks, will fuel the expansion of digital twins in the financial markets. Industry 4.0 technology have opened up new possibilities for the banking sector. With Industry 4.0, new banking services and opportunities can be introduced to boost corporate performance and end-customer experiences.

• Published: April 2023

Military Laser Systems Companies - Northrop Grumman Corporation (US) and Lockheed Martin Corporation (US) are the Key Players

The Military Laser Systems Market is estimated to be USD 5.0 Billion in 2023 and is projected to reach USD 7.5 Billion by 2028, at a CAGR of 8.7% from 2023 to 2038. The market growth can be attributed to the rising focus on development of high-precision military laser systems and significant investments by governments for the development and procurement of modern weapon systems.

• Published: April 2023

Driving Growth in NLP in Finance Market : Size and Share

The global NLP in finance market is anticipated to grow at a compound annual growth rate (CAGR) of 27.6% over the course of the forecast period, from an estimated USD 5.5 billion in 2023 to USD 18.8 billion by 2028.

• Published: April 2023

Market Leaders: Major Players are Focusing on Investment and new Product Development to Strengthen their Market Position in Non-thermal Pasteurization Market

According to MarketsandMarkets, the non-thermal pasteurization market is projected to reach USD 5.7 billion by 2028 from USD 2.3 billion by 2023, at a CAGR of 20.0% during the forecast period in terms of value.The market for non-thermal pasteurization is growing at a significant pace globally due to the shift in preference for healthy food options and minimally processed ready-to-eat products in developed countries. The non-thermal pasteurization market is segmented into various techniques used for processing food and beverages. The conventionally used thermal food pasteurization technologies lead to changes in product characteristics such as flavor, color, texture, and nutritional value due to the application of heat. On the other hand, non-thermal food pasteurization technologies help retain these characteristics in food products with minimal or no changes to the product profile.

• Published: April 2023

Synthetic Data Generation Market : Emerging Trends & Domain-Specific Solutions Drive Innovation

The size of the global synthetic data production market is anticipated to increase from USD 0.3 billion in 2023 to USD 2.1 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 45.7%.

To know about the assumptions considered for the study download the pdf brochure

• Published: April 2023

Quantum Cryptography Market Size, Share and Growth Landscape

The market for quantum cryptography is expected to increase at a compound annual growth rate (CAGR) of 36.8%, from an anticipated USD 1,157.0 million in 2024 to USD 7,594.0 million by 2030, according to MarketsandMarkets. Exponential adoption of quantum cryptography rising cyberattacks in the digitalization era, increasing cybersecurity funding, and rising demand for next-gen security solutions for cloud and IoT technologies are some factors driving the quantum cryptography market growth.

• Published: April 2023

Quantum Cryptography Market Innovations and Trends Driving 36.8% CAGR Growth

According to MarketsandMarkets, the market for quantum cryptography will expand at a compound annual growth rate (CAGR) of 36.8%, from an expected USD 1,157.0 million in 2024 to USD 7,594.0 million by 2030. Exponential adoption of quantum cryptography rising cyberattacks in the digitalization era, increasing cybersecurity funding, and rising demand for next-gen security solutions for cloud and IoT technologies are some factors driving the quantum cryptography market growth.

• Published: April 2023

Antimicrobial Plastics Companies - Market Leaders in Antimicrobial Plastics Market

In terms of value, the antimicrobial plastics market is estimated to grow from USD 41.7 billion in 2022 to USD 64.8 billion by 2028, at a CAGR of 7.7%. Antimicrobial plastics are necessary for medical devices because they prevent microorganisms from adhering to the surfaces of tools, equipment, and implants. In emerging nations, there is a higher need for hospitals and clinics due to increased healthcare expenses and population expansion which drives the demand for antimicrobial plastics. Antimicrobial plastics are also used in textile industry to prevent the growth of microorganisms. With the help of nanotechnology antimicrobials can be implemented in various technical and nontechnical textiles.

• Published: April 2023

Top Companies in NLP in Finance Industry - Microsoft Corporation (US), IBM Corporation (US), Google LLC (US), Amazon Web Services (AWS) (US), Baidu Inc. (China)

The global NLP in finance market is anticipated to grow at a compound annual growth rate (CAGR) of 27.6% over the course of the forecast period, from an estimated USD 5.5 billion in 2023 to USD 18.8 billion by 2028.Major drivers for the market include the rise in content creation and creative applications, evolution in AI & deep learning, innovation of cloud storage enabling easy access to data, and acceleration in the deployment of Large Language Models (LLMs).

• Published: April 2023

Market Leaders - Food and Beverage Processing Equipment Market

The food and beverage processing equipment market is estimated at USD 64.6 billion in 2023 and is projected to reach USD 84.9 billion by 2028, at a CAGR of 5.6% from 2022 to 2028.

• Published: April 2023

Aspherical Lens Companies - Nikon Corporation (Japan) and Canon, Inc. (Japan) are the Key Players

The aspherical lens market is projected to grow from USD 9.0 billion in 2023 to USD 12.2 billion by 2028, registering a CAGR of 6.2% during the forecast period. Surging use of aspherical lenses in optical instruments and ophthalmic applications and growing applications in high-end smartphone cameras are expected to propel the aspherical lens market in the next five years. However, high production cost of aspherical lenses are likely to pose challenges for the industry players.

• Published: April 2023

Insight Engines Market - In-Depth Size and Share Insights

The Insight Engines Market is projected to expand at a compound annual growth rate (CAGR) of 27.1% from USD 1.7 billion in 2023 to USD 5.6 billion by 2028.

• Published: April 2023

Insight Engines Industry - Top Emerging Trends and Developments

The Insight Engine Market is projected to expand at a compound annual growth rate (CAGR) of 27.1% from USD 1.7 billion in 2023 to USD 5.6 billion by 2028. With the implementation of an insights engine, businesses tend to have a more efficient workflow, this is due to easy access to prior information and to better visualize the process to follow to achieve the desired results.

• Published: April 2023

Top Insight Engines Companies - OpenText (Canada), Elastic (US) and Coveo (Canada)| MarketsandMarkets

The market for insight engines is estimated to grow from USD 1.7 billion in 2023 to USD 5.6 billion by 2028, at a CAGR of 27.1% during the forecast period. With the implementation of an insights engine, businesses tend to have a more efficient workflow, this is due to easy access to prior information and to better visualize the process to follow to achieve the desired results. It combines search and machine learning capabilities to deliver data for machines and information for users. It enbales businesses to provide timely data that delivers actionable insights.

• Published: April 2023

Market Leaders: Major Players are Focusing on Investment and New Product Development to Strengthen their Market Position in Turf Protection Market

According to MarketsandMarkets, the turf protection  market is projected to reach USD 8.1 billion by 2028 from USD 6.4 billion by 2023, at a CAGR of 4.9% during the forecast period in terms of value. The demand for turf protection products is primarily driven by the adoption of integrated pest management in the turf industry, as well as their increased usage in sports fields and residential & commercial properties.

• Published: April 2023

Remote Power Panel Companies - Schneider Electric (France), ABB (Switzerland) and Toshiba International Corporation (Japan) are the leading players

The global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 4.8% during the forecast period. Factors such as increased investments in colocation and hyperscale data centers which is driving the need for power distribution components for proper functioning and monitoring.

• Published: April 2023

Micromotor Companies - MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) are the Leading Players

The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The demand for micromotors is driven by factors such as miniaturization, efficiency, precision and accuracy, cost-effectiveness, and innovation, as they are ideal for small, lightweight, battery-powered devices that require high levels of control and can provide high torque and power density in a small package.

• Published: April 2023

Merck KGaA (Germany) and Danaher Corporation (US) are Leading Players in the Sterile Filtration Market

The global sterile filtration market is projected to reach USD 15.3 billion by 2028 from USD 8.9 billion in 2023, at a CAGR of 11.4% during the forecast period of 2023 to 2028. The growth of this market is majorly driven by the advantages of sterile filters over non-sterile filters. Unlike non-sterile filters, sterile filters are more reliable for the removal of all microorganisms and particles from liquids or gases. In addition, sterile filters minimize the risk of contamination with complete ready-to-use units. Such factors are driving the market growth.

• Published: April 2023

SASE Market Booms at 25.0% CAGR, Trends Shaping Secure Access

Over the course of the projection period, the global SASE market is expected to increase at a Compound Annual Growth Rate (CAGR) of 25.0%, from USD 1.9 billion in 2023 to USD 5.9 billion by 2028. The growing preference for remote working practices, increase in traffic across public clouds, and the rising dependence on data centres are further adding to the data security risks. Also,finding  affordable replacements for expensive technologies like MPLS and IPsec will drive the market.

• Published: April 2023

SASE Market Share Soars: A Look at Key Players & Solutions Shaping Secure Access

With a Compound Annual Growth Rate (CAGR) of 25.0% over the course of the forecast period, the size of the global SASE market is expected to increase from USD 1.9 billion in 2023 to USD 5.9 billion by 2028. The growing preference for remote working practices, increase in traffic across public clouds, and the rising dependence on data centres are further adding to the data security risks. Also,finding  affordable replacements for expensive technologies like MPLS and IPsec will drive the market.

• Published: April 2023

Top Companies in Healthcare Cybersecurity Industry - IBM (US) Cylera (US), Gigamon (US), AT&T (US)

The global healthcare cybersecurity market size is projected to grow from USD 18.2 billion in 2023 to USD 35.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period.

The primary reasons driving the market expansion are growing cyberattacks and concerns related to security and privacy, rising acceptance of IoT and connected devices, and increasing adoption of cloud-based solutions in the healthcare sector.

Top Companies in Healthcare Cybersecurity Industry include:

• IBM (US)
• Cylera (US),
• Gigamon (US),
• AT&T (US).

• Published: April 2023

Top AIoT Platforms Companies - IBM (US), Sharp Global (Japan), Google (US) | MarketsandMarkets

MarketsandMarkets forecasts the global AIoT platforms market size to grow from USD 5.0 billion in 2023 to USD 24.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 37.7% during the forecast period. The ongoing digital transformation in various sectors and large-scale adoption of smart devices and IoT technology are the factors expected to drive the growth of the AIoT platforms market.

• Published: April 2023

AIoT Platforms Industry - Key Emerging Trends and Innovations

According to MarketsandMarkets, the AIoT platforms market is expected to increase at a compound annual growth rate (CAGR) of 37.7% between 2023 and 2028, from USD 5.0 billion in 2023 to USD 24.9 billion in 2028. The ongoing digital transformation in various sectors and large-scale adoption of smart devices and IoT technology are the factors expected to drive the growth of the AIoT platforms industry.

• Published: April 2023

AIoT platforms Market Size & Share - Future Growth Expectations

The size of the global market for AIoT platforms is expected to increase at a compound annual growth rate (CAGR) of 37.7% over the course of the forecast period, from USD 5.0 billion in 2023 to USD 24.9 billion by 2028, according to MarketsandMarkets. The ongoing digital transformation in various sectors and large-scale adoption of smart devices and IoT technology are the factors expected to drive the growth of the AIoT platforms.

• Published: April 2023