With consistently growing penetration of drones across commercial as well as defense applications, drone simulator software market is set to register high growth over the forecast period. Drone simulator software is designed to create an environment in accordance to a pilot’s needs as well as the type of drone.
Global Driver Monitoring Systems (DMS) market was valued US$ 5,170.5 Mn in 2017 and set grow at CAGR of 16.4% throughout the forecast period from 2018 to 2026. Increasing demand for driver’s safety tools is pointed as the most prominent factor influencing overall DMS market growth. Rise in road accidents contributed with high share in overall DMS market growth in recent years.
Data Protection-as-a-Service (DPaaS) is one of the most promising cloud-based service, widely used for providing data privacy and security. DPaaS market is expected to witness steady growth owing to rising demand from numerous large and medium scale organizations to secure their business data.
The worldwide data center UPS market was valued at US$ 3.45 Bn in the base year 2017 and expected to expand with a CAGR of 7.5% during the forecast period from 2018 to 2026. Increase in the number of business enterprises due to proliferation of data related services and consequent requirement to control and manage their voluminous data has led to rise in demand for data centers worldwide.
The contrast media injectors market is set to reach US$ 959.8 Mn by 2026 from US$ 532.8 Mn in 2017 projecting stable growth at a compounded annual growth rate (CAGR) of 6.8% during the forecast period from 2018 to 2026. Minimal invasive surgeries equipped with contrast media injectors have grabbed prominence in the last 2 decades on account of factors such as increasing number of patients suffering with chronic diseases and rising public health awareness resulting in enhanced preliminary diagnosis.
The global connected toys market is expected to reach US$ 69.16 Bn by 2026, expanding at a CAGR of 14.1% during the forecast period from 2018 to 2026. The dramatic increase in the number of internet-connected devices including Internet of Things (IoT) has created numerous benefits for the consumers across the globe. Some of which include wearable technologies, smart thermostats, connected home security systems, etc. Similarly, in the recent past, children’s toys have evolved from simple, stuffed bears to connected toys.
The global connected home security system market is expected to reach US$ 32.5 Bn by 2026, expanding at a CAGR of 15.3% during the forecast period from 2018 to 2026. Connected security systems are useful addition in homes where safety is an important concern. The rear of home security has witnessed some drastic changes in the recent past and will continue to advance much more in the years to come. In the past few years, there has been an unprecedented growth in the number of devices being connected to the internet.
Computer-aided engineering (CAE) market projected to hit the market value of US$ 13.21 Bn by 2026, with CAGR of 10.36% across the forecast period. Majorly directed by Asia Pacific, CAE market driven by growing trend of computer integrated manufacturing (CIM) approach. This process is a vital part of modern manufacturing approach with integrated controlling systems to standardize the complete production process from initial design to final delivery.
Computer aided design (CAD) market expected to hit US$ 14.03 Bn by 2026, expanding with a CAGR of 6.8% during the forecast period from 2018 to 2026. Principally governed by North America, CAD market driven by rising adoption of computer integrated manufacturing (CIM) approach.
Cognitive computing market expected to hit the market value of US$ 49.50 Bn in 2026, with promising CAGR during the forecast period from 2018 to 2026. Cognitive computing set to replicate the human capabilities of sensory perception, thinking learning and decision-making. The capacity to harness vast amount of computing supremacy will take this paradigm beyond human limitation in terms of both ability and speed.
The global change management software market expected to witness a noteworthy growth, expanding at a CAGR of 12.8% during the forecast period from 2018 to 2026. The growth of this market is mainly credited to the increase in digital transformation and automation of IT applications and processes.
The global cDNA and oDNA microchips market is growing effectively, was valued at US$ 458.2 Mn in 2017 and expected to reach US$ 1,050.3 Mn by 2026. The global market is growing productively at a CAGR of 9.7% during the forecast period. Incorporation of new technologies in the biological and electronic component of microchips is enhancing the overall growth globally.
The global cable modems market was valued at US$ 6,455.5 Mn in 2017 and is expected to witness considerable growth of 6.5% throughout the forecast period from 2018 to 2026, with rising demand for high speed broadband networks to access multiple devices. Residential consumers are looking forward to connect their multiple smart devices with Internet for their daily data need which is increasing the demand for external cable modems globally.
The overall business intelligence & analytics software market expected to demonstrate robust growth rate during the forecast period from 2018 to 2026, up from US$ 12.87 Bn in 2017. Business intelligence & analytics solutions have emerged among the most important tools for companies enabling them to make smart and data-driven decisions.
Brain computer interface technology is a significant communication tool between systems and users. This technology was initially developed for biomedical applications, leading to emergence of assistive devices. Brain computer interface has also facilitated restoration of the movement ability and replacement of lost motor functionality.
The automotive software market stood at US$ 16.24 Bn in 2017 and expected to grow at a CAGR of 19.2% during the forecast period from 2017 to 2026 and reach US$ 78.62 Bn in 2026. In recent years, automobiles are transitioning from hardware-driven machine to a software-driven electronics device. The content of software and electronics per vehicle is increasing rapidly. By 2030, the average share of software is expected to reach 30% of overall vehicle content. One of the most prominent factors driving the automotive software market growth can be attributed to the increasing use of electronic content in vehicles.
Automotive display driver IC is one of the most promising segments of the overall display driver’s vertical, considering the rapidly growing penetration of vehicle infotainment systems worldwide. Growing adoption of electronic displays in automotive sector is creating huge market potential for automotive display driver ICs. Consistently rising automotive industry and increasing demand for connected and safe vehicles are some of the factors escalating demand for automotive display driver IC.
With increasing use of advanced electronics, automotive vehicles are now built with numerous sensors and control units for controlling systems ranging from steering, braking to headlights. In addition, as more number of vehicles get connected, cyber-attacks have emerged as a major cyber-security threat.
The global artificial intelligent (AI) in healthcare market is primarily driven by the increasing usage of big data in healthcare sector and advantage of AI to improve the imbalance among the healthcare professionals and patients, augment patient outcomes and aid in clinical trial simulation and development process.
The global anti-money laundering software market is driven by rising number of financial fraudulent activities worldwide. The market is set to hit US$ 4,173.9 Mn by 2026, expanding at a CAGR of 12.5% during the forecast period from 2018 to 2026.
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