The global cloud service brokerage market was valued at US$ 5.03 Bn in 2018 and is anticipated to grow to US$ 19.44 Bn growing at a CAGR of 16.4% throughout the forecast period from 2019 to 2027. The proliferation in demand of cloud has bolstered the number of cloud providers and has opened a space for cloud brokerage services.
Globally, the centralized workstation market is estimated to grow with a CAGR of 8.8% through the forecast period from 2019 to 2027, from US$ 10.50 Bn in 2018. The growth of the centralized workstation market is driven by the rising need among organizations to reduce the cost of operation and gain operational efficiency. As the competition across the market players is increasing and the profit margins are reducing, the companies are looking for more advanced ways and business models to reduce the operational cost and gain business agility.
The global blockchain IoT market value surged from US$ 37.4 Mn in the year 2018 to US$ 9,070.4 Mn in 2027, with a CAGR of 60.6% during the forecast from 2019 to 2027. Increasing deployment of Internet of Things (IoT) devices worldwide has triggered a sense of data security. Traditional architecture of client-server is vulnerable to security breach due to single-point security intelligence. On the other hand, blockchain distributed ledger technology provides distributed and decentralized security system that is hard to break.
The bed monitoring system & baby monitoring system market worldwide is expected to grow with a CAGR of 8.5% during the forecast period from 2019 to 2027. Bed monitoring system & baby monitoring system market worldwide is observing a robust growth and stood at USD 1.19 Bn in 2018. Owing to increase in investments in healthcare infrastructural development, rising elderly population, rising adoption of unobtrusive monitoring solutions, and increasing online availability the demand for bed monitoring system & baby monitoring system shall grow.
The global automotive hypervisor market is expected to grow at a CAGR of 17.3% during the forecast period from 2019 to 2027. Hypervisor is a software that provides virtual representation of hardware components in an autonomous and semi-autonomous vehicle. It is used for establishing seamless communication between hardware and virtual machine which helps in controlling the vehicle in an efficient manner. Continuous advancements and growing demand for automotive technologies such as autonomous driving mode, vehicle telematics, etc.
Globally, the audio communication monitoring market is expected to grow with a CAGR of 16.1% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$1.50 Bn. Audio communications monitoring is defined as reviewing or analyzing the telephonic conversations and transactions, either manually or automatically, various regulated companies perform this monitoring. The audio communication monitoring technology is used by various industries especially by the BFSI industry to extract business intelligence data and make a strategic decision for the firm.
Globally, the asset tracking and inventory management solutions market is expected to grow with a CAGR of 14.6% during the forecast period from 2019 to 2027 and is expected to reach a market value of US$43.60 Bn by 2027. Asset tracking and inventory management solutions are used for managing various inventories and tracking. These solutions offer various information related to the product, their quantities, when and where they were used or sold and placed.
The global airport information system market is growing competently, expected to grow at a CAGR of 6.1% and is projected to reach 5.75 Bn by 2027. The need for technological developments, an increase in upgrading of existing systems, and an efficient air passenger traffic are factors expected to drive the market. In addition, upgrading and modernization activities of the existing airports, the massive increase in constructions of new airports, inclination towards business intelligence solutions and other major programs for staff and passengers is projected to boost the market growth globally.
The AI-based surgical robots market is set to reach US$ 33,244.4 Mn by 2027 from US$ 6,237.3 Mn in 2018 projecting rampant growth at a compounded annual growth rate (CAGR) of 20.7% during the forecast period from 2019 to 2027. As per the statistics provided by World Health Organization 70% of the global deaths are associated with non communicable disease. Technological advancement in the surgical robots equipment enhanced with artificial intelligence is being currently utilized by surgeons worldwide to curb the mortality rate associated with chronic disease.
The global AI in social media market is poised to reach US$ 33.30 Bn by 2027, expanding at a CAGR of 25.7% during the forecast period from 2019 to 2027. Today social media is not only a place for the human interaction, but has become a marketing tool. Marketers and organizations worldwide are leveraging the power of social media to thrive their businesses in terms of efficiency and productivity. In wake of the same, they are empowering facial and image recognition, chatbots, and influencer marketing schemes to increase visibility of their products or services on social websites.
The global AI in energy management market is growing tremendously, projected to expand at a CAGR of 21.2% throughout the projected period from 2019 to 2027, starting from US$ 5.10 Bn in 2018. The global AI in energy management market is majorly driven by the growing energy production & consumption worldwide along with leveraging artificial intelligence (AI) to improve grid stability and the growing need for smart energy management solutions. In 2018, the global primary energy consumption was 1, 57,063.77 TWh raised 2.4% from 1, 53,347.15 TWh in 2017.
Globally, the AI and Blockchain cloud services market is expected to grow with a CAGR of more than 25% during the forecast period from 2019 to 2027. Since emergence of Big Data, various new technologies are being developed that would help in data analysis and effective output generation. AI and Blockchain are at the top of these technologies that mainly follow a protocol of analyzing enormous amounts of data (Big Data) that is generated in various industries and providing significant solutions based on the trends and historic information.
Globally, the agriculture analytics market is expected to grow with a CAGR of more than 15.3% during the forecast period from 2019 to 2027, starting from US$ 560.0 Mn in 2018. Globally, the agricultural sector is rapidly progressing in terms of technology, machinery, and quantity of yield. Number of farmers and farming companies in various developed and developing countries are increasingly adopting advanced technologies such as big data analytics, artificial intelligence and machine learning with an aim to maintain and improving the track of yield in these changing climatic conditions.
The global advanced cinema projector market is increasing proficiently, anticipated to grow at a CAGR of 9.9% throughout the projected period from 2019 to 2027, starting from US$ 96.2 Mn in 2018. The rapid growth of the global film industry and the rising number of digital screens is anticipated to enhance market growth. According to a recent report, in 2018, there are more than 1, 80,000 digital screens worldwide, which is around 7% growth from 2017.
The market for 5G tester is still in the budding stage of development and is presumed to register swift growth on complete commercialization. The global 5G tester market is poised to register double-digit CAGR (15.7%) between 2019 and 2027, reaching US$ 1,975.6 Mn by 2027.
The market for 5G chipsets is still in developing/testing stage and expected to witness strong growth on complete commercialization, evolving beyond early adopter stage quickly to reach mass market in the coming years. The global 5G chipsets market is poised to register double digit CAGR (39.5%) between 2019 and 2027, becoming a multi-billion market in the coming years. North America represents the largest 5G chipset market worldwide, closely followed by Asia Pacific and Europe respectively. The U.S. remains the engine of growth, accounting for over 90% of the total North America market value.
3D reconstruction technology market expected to hit US$ 1,520.3 Mn by 2027, expanding with a CAGR of 6.47% during the forecast period from 2019 to 2027. 3D reconstruction refers to process of generating digital model with 3D appearance of an object from set of two-dimensional informative images. It is common in computer vision and healthcare applications, such as serial sections generated by computed tomography (CT) as well as magnetic resonance imaging (MRI) or electron microscopy among several others.
Globally, the 3D radar market is expected to grow with a CAGR of 18.2% during the forecast period from 2019 to 2027, starting from US$ 775.6 Mn in 2018. The market is driven by the increasing adoption of the unmanned aerial vehicles for military operations and advance surveillance application. As the political tension across the countries is rising and the terrorist activities are increasing, the governments are shifting towards advance UAVs for borderline surveillance and monitoring.
3D printing in eyewear is gaining traction with increased adoption of additive manufacturing (AM) across various industry verticals. New trend of tailor-made eyewear that are comfortable to customer needs is expected to boom the market size in coming decade. 3D printing technology can be used to manufacture complex shapes that cannot be produced with conventional manufacturing technologies. These factors are expected to drive the market in near future.
Data catalog is defined as the collection of metadata containing database object definitions such as base tables, synonyms, views or synonyms and indexes. Global data catalog market is expected to rise with a CAGR of 25% during 2019-2026. A data catalog is an organized database service that allows the users to access and analyse the required data sources. Key factor driving the adoption of data catalogs is the increasing adoption of self-service analytics.
One of the most dynamic and high growth industries need fast updating research. Brisk Insights provides exhaustive economic, market and customer driven analytics