The global real-time payments market was valued at US$ 6.24 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 14.5% during the forecast period from 2018 to 2026. Real-time payments signifies the most important change to the way funds are moved between bank accounts. Organizations across the globe are transforming their payments infrastructure to ensure that they can respond to the changing market demands cost effectively and quickly. Faster accessibility of funds and money transfer receipts offered by real-time payments is gaining popularity among several end-users as well as service providers.
Globally, the photo printing and merchandise market is expected to grow with a CAGR of 7.1% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$ 22.60 Bn. Photo printing and merchandise are defined as the personalized gifting and decoration of various products on which photos are printed. There are various types of merchandise products on which the photo printing technique is used such as cards, mugs, calendar, t-shirts, clocks and others.
The global automotive engineering services outsourcing market was valued US$ 43.13 Bn in 2018 and is expected register growth at 8.3% CAGR during the forecast period from 2019 to 2027. Asia Pacific represents the most lucrative business destination for automotive engineering service providers. There exists sound investment & growth opportunities in markets including India, China, and South-east Asia. The prevailing growth opportunity in these economies is reflective of the huge automotive market.
The global business intelligence market has been expected to grow at a CAGR of 8.3% during the forecasted period of 2016-2022 and also it has been estimated to generate a revenue of around $30 billion by 2022. Business intelligence (BI) is a process of analyzing large volumes of data to enhance business performance by providing end users such as corporate executives and business managers to make more efficient business decisions. It integrates analytical tools with operational data to present complex and critical information to the business users within the organization.