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Engineering Plastics Companies - Market Leaders in Engineering Plastics Market
The global Engineering plastics market size is projected to grow from USD 107.2 billion in 2022 to USD 140.9 billion by 2027, at a CAGR of 5.6% during the forecast period. The growing demand for engineering plastics is from end-use industries, such as automotive & transportation, electrical & electronics, industrial & machinery, packaging, consumer appliances, and others, which drives the market. Also, the increasing usage of engineering plastics in countries including China, India, and Mexico is expected to drive the market.
- Published: July 2022
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Airborne SATCOM Companies - L3 Harris Corporation (US) and Thales Group (France). are the Key Players
The airborne SATCOM market size is estimated to be USD 5.4 billion in 2022 to USD 7.3 billion in 2027, at a CAGR of 6.5% from 2022 to 2027. The market is driven by factors such as need for customized SATCOM on the move solutions for aircrafts.
- Published: July 2022
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BASF SE (Germany) and Arkema SA (France) are the Key Players in the Dispersing Agents Market
The global dispersing agents market will grow to USD 9.3 billion by 2027, at a CAGR of 5.5% from USD 7.1 billion in 2022. Dispersing agents are produced using different types of chemicals, such as lignosulfonates and polycarboxylate, depending on their usage in different industries. Production of dispersing agents is the growing trend in the market due to increasing applications in construction, paints & coatings, pulp & paper, detergents, oil & gas, agricultural, pharmaceuticals, and other end-user industries.
- Published: July 2022
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Foremost Companies in the Surgical Retractors Market: B. Braun Melsungen AG (Germany) and Integra LifeSciences (US)
Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Integra LifeSciences (US), Teleflex Incorporated (US), and Medtronic plc (US) are the leading players in the surgical retractors market
- Published: July 2022
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GE Healthcare (US) and Hologic, Inc. (US) are Leading Players in the Bone Densitometer Market
The bone densitometers market is projected to reach USD 378 million by 2027 from USD 299 million in 2022, at a CAGR of 4.7% during the forecast period. Growth in this market is mainly driven by the increasing prevalence of osteoporosis and the growing geriatric population. However, the high cost of bone densitometers is expected to restrain the growth of this market during the forecast period.
- Published: July 2022
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Pentair (US) and Fluidra (Spain) are the Leading Players in the Pool & Spa Market
The global pool & spa market is expected to reach USD 23.6 billion by 2027 from an estimated USD 19.1 billion in 2022, at a CAGR of 4.3% from 2022 to 2027. A pool is a structure designed to hold water to enable swimming or other leisure activities. It is mostly constructed from materials such as concrete, plastic, or fiberglass and can be of a custom size and shape or built to a standardized size. Hot tubs and spas are pools filled with water that is heated and then used for relaxation or hydrotherapy. Commercial spas are common in the pool or sauna area of a health club or fitness center. The global pool & spa market is expected to witness significant growth during the forecast period. Growth in residential and commercial construction activities and sustained growth of luxury homes that generally install swimming pools are driving the market growth.
- Published: July 2022
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Educational Robot Companies - ABB (Switzerland) and FANUC (Japan)are the Key Players
The global educational robot market size is expected to grow from USD 1.4 billion in 2022 to USD 3.2 billion by 2027, at a CAGR of 17.3% during the forecasted period. The major drivers for the growth of educational robot market include increase in deployment of robots in manufacturing industries to promote new job opportunities, surging demand for collaborative robots in educational and industrial sector, and growing research and product development of humanoid robots to transform service sector.
- Published: July 2022
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Market Leaders : ADM and Tate & LYLE PLC Continue to Bring Innovative Solution to Further Strengthen Their Presence in the Flilling and Toppings Market
The fillings and toppings market size is estimated to be valued at USD 11.9 billion in 2022 and is projected to reach USD 15.9 billion by 2027, recording a CAGR of 6.0% during the forecast period in terms of value. The demand for fillings and toppings is projected to grow during the forecast period owing to the growth of the confectionery and bakery industries, globally. The changing dietary habits have led to a significant rise in the consumption of convenience food worldwide, which in turn is expected to fuel the demand for fillings and toppings.
- Published: July 2022
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TDK Lambda (Japan) and Delta Electronics (Taiwan) are the Leading Players in the Industrial Power Supply Market
The global industrial power supply market is projected to reach USD 14.5 billion by 2027 from an estimated USD 10.8 billion in 2022, at a CAGR of 6.0% during the forecast period. The increase demand for energy efficient devices in industrial sector and growing sales of electric vehicles worldwide is expected to drive the demand for global industrial power supply market.
- Published: July 2022
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Top Plant-based Meat Companies - Beyond Meat (US), Impossible Foods Inc., (US), and Kellogg Company (US)
The global plant-based meat market size is estimated to valued at USD 7.9 billion in 2022 and is projected to reach USD 15.7 billion by 2027, recording a CAGR of 14.7%, in terms of value during the forecast period. Plant-based meat products serve as an alternative to animal meat. The rise in consumption of plant-based meat is either due to medical reasons or lifestyle changes.
- Published: July 2022
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Condensing Unit Companies - Emerson Electric Co. (US) and Carrier (US), Danfoss (Denmark) are the Major Players in the Condensing Unit Market
The condensing unit market is projected to grow from USD 39.0 billion in 2022 to USD 57.1 billion by 2027, at a CAGR of 7.9% from 2022 to 2027. Condensing units are used in applications where there is a need to control the temperature, such as heat pumps, chillers, air conditioners, and refrigerators, among others.
- Published: July 2022
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Terminal Block Companies - WAGO Kontakttechnik GmbH & Co. KG (Germany) and TE Connectivity (Switzerland) are the Key Players
The global terminal block market size is expected to grow from USD 3.9 billion in 2022 to USD 5.2 billion by 2027, at a CAGR of 5.7%. The rising demand for PCB terminal blocks from industries such as industrial controls, HVAC systems, and process control instruments as well as rising demand for electric vehicles across the world are the key factors driving the market growth.
- Published: July 2022
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Bosch (Germany) and Hanwha Techwin Co (South Korea) are leading players in Video Management Software Market
MarketsandMarkets forecasts the global video management software Market size is expected to grow USD 10.9 billion in 2022 to USD 31.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period.
- Published: July 2022
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Market Leader - Electric Traction Motor Market
The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. Growing demand for high-performance motors, across the end use segment is propelling the demand for electric traction motor market. Furthermore, favorable government policies and subsidies, and the rise in investments in the railway sector are likely to drive the market growth.
- Published: July 2022
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Market Leaders - All Wheel Drive Market
The global all wheel drive market size is projected to reach USD 53.8 billion by 2027, from an estimated value of USD 35.9 billion in 2022, at a CAGR of 8.4%. The base year for the report is 2022, and the forecast period is from 2022 to 2027.
- Published: July 2022
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DSM (Netherlands) and CHR. Hansen Holdings A/S (Denmark) are the Key Players in the Food Fortifying Agents Market
The food fortifying agents market is projected to reach USD 128.0 Billion by 2027 growing at a CAGR of 10.1% from 2022 to 2027. The multi-benefits of food fortifying agents leads to increasing demand among health-conscious consumers. Adoption of the food fortifying agents in various food & beverages, pharmaceuticals, and pet food manufacturing industries. Vitamins have the major share in food fortifying agents by type owing to the increasing prevalence of vitamin deficiency such as rickets and osteoporosis. The key players in food fortifying market include Cargill (US), DSM (Netherlands), CHR. Hansen Holdings A/S (Denmark), DuPont (US), and BASF SE (Germany) among others.
- Published: July 2022
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BASF SE (Germany) and Merck KGaA (Germany) are leading players in Hexamethylenediamine Market
The global hexamethylenediamine market size is projected to grow from USD 8.9 billion in 2022 to USD 11.6 billion by 2027, at a CAGR of 5.4% from 2022 to 2027. The organic compound with the formula H2N(CH2)6NH2 is known as hexamethylenediamine. A diamine is a molecule composed of a hexamethylene hydrocarbon chain terminated with amine functional groups. The amine odour is strong in the colourless solid (yellowish in some commercial samples). Hexamethylenediamine is almost entirely used in the production of polymers, which takes advantage of its structure. It is difunctional in terms of amine groups but tetrafunctional in terms of amine hydrogens. The production of nylon 66 via condensation with adipic acid consumes the vast majority of the diamine. Otherwise, phosgenation produces hexamethylene diisocyanate (HDI) from this diamine as a monomer feedstock in the production of polyurethane. In epoxy resins, the diamine also acts as a cross-linking agent.
- Published: July 2022
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ASTELLAS PHARMA (JAPAN),PFIZER (US) and ABBVIE INC. (US) are the Prominent Players in the Overactive Bladder Treatment (OAB) Market
The global overactive bladder (OAB) treatment market is projected to reach USD 4.2 Billion by 2027 from USD 3.5 Billion in 2022, at a CAGR of 3.6% during the forecast period Major factors driving the market growth are rising prevalence of overactive bladder syndrome across the globe. Furthermore, launch of novel drugs with lesser side-effects coupled with adoption of technologically advanced treatment options for OAB treatment are also expected to support market growth in the coming years.
- Published: July 2022
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Cosmetic Preservatives Companies - Leading Players in the Cosmetic Preservatives Market
Preservatives are substances mainly used to prevent the formation of microorganisms across various products. Cosmetic preservatives are used in personal care products to prevent spoilage due to microbial growth and therefore increase their shelf life. Cosmetic preservatives are added to personal care products such as lotions, facemasks, sunscreens, shampoos, and others to prevent undesirable chemical changes or microbial growth. Without preservatives, products can become contaminated, which may lead to product spoilage and possibly cause infections.
- Published: July 2022
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Stratasys (Israel) and 3D Systems (US) are leading players in Automotive 3D Printing Market
The automotive 3D printing market is projected to grow from USD 2.9 billion in 2022 to USD 7.9 billion by 2027, at a CAGR of 21.7%. The increase in demand to reduce vehicle weight, production cost, and development time and increasing initiatives & investments by major OEMs are the major factors driving the growth of the automotive 3D printing market.
- Published: July 2022
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Foremost Companies in the Skin Health Foods market: BASF SE (Germany), Archer Daniels Midland Company (US), DuPont (US), Cargill, Incorporated (US), and Danone SA (France)
The skin health foods (dermatology functional foods) market is projected to reach USD 2,651.5 million by 2026 from USD 1,929.5 million in 2021, at a CAGR of 6.6% during the forecast period. Growth in this market is largely driven by the increasing consumption of nutrient-enriched foods to improve overall health, high incidence of allergic diseases, growth in health awareness among consumers, and increasing R&D and production capacity for functional food and beverage products. Moreover, untapped emerging markets in developing countries are creating lucrative opportunities for the market players. The skin health foods market is segmented into indication like skin conditions, anti-aging and anti-allergy.
- Published: July 2022
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Market Leaders - Animal Intestinal Health Market
The animal intestinal health market, estimated at USD 3.7 billion in 2022 and is projected to grow to USD 5.4 billion in 2027, at a CAGR of 8.2% from 2022 to 2027.
- Published: July 2022
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Market Leader - Air Traffic Management Market
MarketsandMarkets: The Air Traffic Management Market is estimated to be USD 8.0 billion in 2022 and is projected to reach USD 11.8 billion by 2027, at a CAGR of 8.1% from 2022 to 2027. The market is driven by factors such as rise in global focus on improving air safety, modernization of air traffic infrastructure, etc.
- Published: July 2022
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Market Leader - Security Orchestration, Automation and Response (SOAR) Market
MarketsandMarkets forecasts the global Security Orchestration, Automation and Response (SOAR) market size is expected to grow from an estimated value of USD 1.1 billion in 2022 to USD 2.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.8% from 2022 to 2027. Incidents of phishing emails and ransomware are rising, also SOAR solution helps security team to fight against alert fatigues these factors are driving the market growth.
- Published: July 2022
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Foremost Companies in the Medical Device Cleaning Market: STERIS plc (US) and Getinge Group (Sweden)
All medical devices are required to be thoroughly cleaned and sterilized between each use to avoid infecting patients or causing illnesses. This report covers the different products used during the medical device cleaning process. The growth of this market is majorly driven by the incidence of hospital-acquired infections (HAIs), rise in healthcare expenditure, and an increasing focus on disinfection and sterilization in the healthcare sector.
- Published: June 2022
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Artificial Solutions (Sweden), eGain (US) and Baidu (China) are leading players in Bot Services Market
The bot services market size to grow from USD 1.6 billion in 2022 to USD 6.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 33.2% during the forecast period. Various factors such as rise in the need for 24X7 customer support at a lower operational cost, integration of chatbots with social media to augment marketing strategy, and innovations in AI and ML technologies for chatbots resulting in better customer experience are expected to drive the adoption of bot services.
- Published: June 2022
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Market Leader - Fuel Cell Powertrain Market
The global fuel cell powertrain market size is projected to grow from USD 512 million in 2022 to USD 3,629 million by 2027, at a CAGR of 47.9%. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The growth of this market can mainly be attributed to the increasing environmental concerns about GHG emissions from vehicles. Increasing government initiatives for the development of hydrogen infrastructure is providing an opportunity for the fuel cell powertrain market to grow in the future.
- Published: June 2022
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Tactical Data link Companies - Collins Aerospace (US), L3harris Technologies (US) are the Key Players
MarketsandMarkets: The Tactical Data Link Market is estimated to be USD 8.1 Billion in 2022 and is projected to reach USD 10.3 Billion by 2027, at a CAGR of 4.9% from 2022 to 2027. The market is driven by factors such as rise in airspace modernization programs, emergence of modern warfare systems, etc.
- Published: June 2022
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Jiutian Chemical Group Limited (Singapore) and Shaanxi Xinghua Chemistry (China) are leading players in Dimethylformamide (DMF) Market
The DMF market is projected to grow from USD 2.3 billion in 2022 to USD 2.7 billion by 2027, at a CAGR of 3.2% between 2022 and 2027. Asia Pacific is estimated to be the largest consumer of DMF. The global DMF market is driven by the growing demand for DMF in different end-use industries.
- Published: June 2022
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Lumenis, Ltd. , Solta Medical and Alma Lasers, Ltd. are the Major Players in the Dermatology Devices Market
The global dermatology devices market is projected to reach USD 11.3 billion by 2027 from USD 6.2 billion in 2022, at a CAGR of 12.7% during the forecasted period (2022 to 2027). Dermatology devices help dermatologists and surgeons in diagnosing and treating skin disorders. These devices are used by various medical care providers, such as hospitals, dermatology clinics, and academic research institutes. The rising incidence of skin diseases and increasing awareness of aesthetic procedures are the primary growth drivers for the dermatology devices market. The expansion of healthcare infrastructure in developing regions is expected to provide growth opportunities to players operating in this market.
- Published: June 2022
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Honeywell (US) and Safran (France) are Leading Players in the Aircraft Generators Market
The main source of electrical power on an aircraft is a generator that converts mechanical energy to electrical energy via applications of electromagnetics. The mechanical energy input for a generator comes from the engine in the form of a rotating shaft attached to the generator. The evolution of the aviation industry has also led to technological advancements in various components, such as generators, rectifiers, and actuators. The market for aircraft generators is growing as more aircraft subsystems are being technologically advanced and electrically powered to enhance the overall efficiency and reduce emissions.
- Published: June 2022
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Foremost Companies in the medical image analysis software market: GE Healthcare (US), Koninklijke Philips N.V. (Netherlands)
The global medical image analysis software market is projected to reach USD 4.5 billion by 2027 from USD 3.2 billion in 2022, at a CAGR of 7.8%. The growth in this market is driven by factors such as technological advancements in medical imaging systems and analysis software, growing public- and private-sector investments in the medical imaging market, the rising prevalence of chronic diseases, and growing applications of computer-aided diagnosis. On the other hand, budgetary constraints are expected to restrain the market growth to a certain extent.
- Published: June 2022
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Ground Penetrating Radar Companies - Hexagon AB (Sweden) and SPX Corporation (US) are the Key Players
The global ground penetrating radar market size is expected to grow from USD 315 million in 2022 to USD 453 million by 2027, at a CAGR of 7.5% from 2022 to 2027. Implementation of GPR equipment drives the growth of this market as it prevents serious injuries to the workforce employed on the excavation sites, as well as to other people present in the vicinity, by minimizing the probabilities of accidents associated with high-pressure gas or electrical lines, national defense communication lines, mass transit, and rail and road tunnels.
- Published: June 2022
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Cisco (US) and IBM (US) are leading players in Smart Hospitality Market
MarketsandMarkets forecasts the Smart Hospitality Market size to grow from USD 13.6 billion in 2022 to USD 49.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 29.8% during the forecast period. The increase in adoption of smart hospitality solutions and services is driven by the need to reduce operational costs and look for high revenue growth opportunities. Furthermore, the growing demand for guest-oriented, hyperconnected personalization and real-time optimized experience will drive the smart hospitality market. The presence of various key players in the ecosystem has led to a competitive and diverse market.
- Published: June 2022
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Intelligent Power Module Companies - Mitsubishi Electric (Japan) and ON Semiconductor(US) are the Key Players
The global intelligent power module market size is anticipated to grow from USD 1.8 billion in 2022 to USD 3.0 billion by 2027, at a CAGR of 10.7% from 2022 to 2027. Rising requirements for power generation through renewable sources, focus of OEMs on providing novel and efficient energy and power monitoring modules as well as surging demand for IPMs in industrial, automotive and consumer electronics vertical are some of the major factors propelling the growth of intelligent power module market.
- Published: June 2022
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Market Leadership - Product Information Management (PIM) Market
The global PIM market size to grow from USD 12.2 billion in 2022 to USD 23.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.3% during the forecast period. Growing demands for better customer experience, as well as updating product information across all the channels, demand for delivering contextualized user experience, and a raise in digital content across enterprises, are among the major factors boosting the growth of the PIM market.
- Published: June 2022
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Market Leader - Automotive Motors Market
The global automotive motors market for ICE vehicles is projected to grow from USD 23.0 billion in 2022 to USD 28.7 billion by 2027, at a CAGR of 4.5%. Government regulations for automobile safety and rising disposable income levels of people around the world has been a major factor for the growth of this market.
- Published: June 2022
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AWS (US) and Thales (France) are leading players in IoT IAM Market
The IoT IAM market size is expected to grow from USD 5.6 billion in 2022 to USD 14.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 20.1% during the forecast period. The extended growth of IoT across all the industry verticals faces critical challenges of managing identities and governing access to vital business processes and information. IoT IAM vendors are enhancing their solutions portfolio to help their clients confront these challenges and benefit the most from their digital ecosystems.
- Published: June 2022
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Solvay (Belgium) and Showa Denko Materials Co. Ltd. (Japan) are leading players in Low Dielectric Materials Market
The low dielectric materials market is growing in line with the emergence of 5G communication and data transmission demands. Factors such as increasing usage of data & telecommunication products and the emergence of technologies such as IoT and machine learning are inflating the demand for low dielectric materials to reduce the loss in data transmission. This market is categorized based on type, material type, application, and region. Key factors that drive the market include increasing demand for low transmission-loss material having excellent product specifications and the growth in the private and government funding for the development of 5G in both developed and developing economies. According to MarketsandMarkets, the market size is projected to grow from USD 1.7 Billion in 2022 to reach USD 2.4 Billion by 2027, at a CAGR of 6.7%.
- Published: June 2022
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Thermoelectric Modules Companies - Ferrotec (Japan) and Laird Thermal Systems (US), are the Key Players
The Thermoelectric Modules (TEMs) Market is projected to grow from USD 693 million in 2022 to USD 1,054 million by 2027; it is expected to grow at a CAGR of 8.8% from 2022 to 2027. The growth of the market is attributed to the benefits of TEMs over conventional systems, simultaneous heating and cooling properties of TEMs, and growth of electric and luxury vehicles. During the forecast period, development of TEMs for new application areas such as telecommunication and medical is expected to create growth opportunities for the market. However, inherent disadvantages and design complexities in addition to high costs of TEMs compared to traditional heating or cooling systems restrain the growth of the market.
- Published: June 2022
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Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany) and Danaher (US) are the Prominent Players in the Stem Cell Assays Market
The stem cell assays market is projected to reach USD 4.5 Billion by 2027 from USD 1.9 Billion in 2022, at a CAGR of 17.7% during the forecast period. Growth in the stem cell assays market can be attributed to factors such as the increasing awareness about the therapeutic potency of stem cells, increasing funding for stem cell research, rising demand for cell-based assays in drug discovery, collaborations and agreements among market players.
- Published: June 2022
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Gigamon (US) and Keysight Technologies (US) are leading players in Network Monitoring Market
The network monitoring market is projected to grow from USD 2.2 billion in 2022 and is projected to reach USD 3.0 billion by 2027; it is expected to grow at a CAGR of 6.9 % from 2022 to 2027.
- Published: June 2022
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Market Leaders : Bayer AG and Procter & Gamble are focusing on Partnerships, Acquistions, and investment Strategies to Strengthen their Market Postion in Bone & Joint Health Supplements Market
The global bone & joint health supplements market is estimated to be valued at USD 11.7 billion in 2022. It is projected to reach USD 17.6 billion by 2027, recording a CAGR of 8.5% during the forecast period.
- Published: June 2022
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Agreements/contracts, expansions, acquisitions, and new product developments are key strategies adopted by leading players in the Water Blocking Tapes Market
Water blocking tapes are the combination of multiple layers of lightweight, non-woven fabric along with one or multiple swellable water blocking compounds. Water blocking compounds can include water-absorbent polymers that get disposed under layers of fabric by using the ultrasonic bonding technique. These water swellable tapes efficiently absorb liquid at the point of insulation failure and get quickly swelled to block further ingress. Different conductive types of water blocking tapes are used according to the performance requirements. These tapes get widely used in optical fiber, submarine, communication, power, and other cables.
- Published: June 2022
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Microsoft (US) and Cisco (US) are leading players in IoT Solutions and Services Market
The IoT solutions and services market is projected to grow from USD 243.1 billion in 2022 to USD 575.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period. The growing need for automation and asset monitoring is remotely enhancing the growth of the IoT solutions and services market.
- Published: June 2022
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Foremost Companies in the Ambulatory EHR Market: Epic Systems Corporation (US) and Cerner Corporation (US)
The global ambulatory EHR market is projected to reach USD 7.7 billion by 2027 from an estimated USD 5.7 million in 2022, at a CAGR of 6.1% during the forecast period. Growth in this market is driven by increase in the COVID-19 patient volume, the growing usage of EHR solutions, and the increasing need to curtail healthcare costs. On the other hand, heavy infrastructure investments and the high cost of deployment are limiting the growth of the global ambulatory EHR market to a certain extent.
- Published: June 2022
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Microsoft (US) and IBM (US) are leading players in eDiscovery Market
The eDiscovery market is projected to grow from USD 11.2 Billion in 2022 to USD 17.1 Billion by 2027, at a compound annual growth rate (CAGR) of 8.7% during the forecast period.
- Published: June 2022
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AVL (Austria), TUV Rheinland (Germany) and HORIBA (Japan) are leading players in EV Test Equipment Market
The global EV test equipment market size is projected to reach USD 242 million by 2027, from an estimated USD 79 million in 2022, at a CAGR of 25.2%. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The introduction of autonomous and semi-autonomous vehicles, increasing adoption of the connected vehicle technology, growing EV sales, and monetization of real-time data are expected to boost the growth of the EV test equipment market.
- Published: June 2022
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RF Tunable Filter Companies - Analog Devices, Inc. (US) and Dover Corporation (US) are the Key Players
The global RF tunable filter market is projected to reach USD 168 million by 2027 from an estimated USD 100 million in 2022, at a CAGR of 10.8% from 2022 to 2027. The growth of the RF tunable filter market can be attributed to the growing adoption of consumer electronics such as smartphones and televisions with the increasing global population.
- Published: June 2022
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Network Devices Companies - Cisco Systems (US) and Cradlepoint (US) are the Key Players
The network devices market is projected to grow from USD 26.4 billion in 2022 to USD 36.4 billion by 2027; it is expected to grow at a CAGR of 6.6% from 2022 to 2027. Organizations globally are implementing technologically advanced applications through digital transformation across their verticals, thus raising the requirement for fast wireless network connectivity, including WiFi 6, WiFi 6E and 5G. The number of internet users around the world is also rapidly increasing owing to the growing smartphone penetration and enhanced connectivity. An increase in demand for connected devices that require a sophisticated Internet connection for seamless functionality is expected to boost the demand for network devices.
- Published: June 2022
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