Robotic process automation (RPA) is the use of software bots to automate highly repetitive, routine tasks normally performed by knowledge workers. Automating repetitive tasks saves time and money. Robotic process automation bots expand the value of an automation platform by completing tasks faster, allowing employees to perform higher-value work. It helps in carrying out high-volume and repetitive tasks that take a lot of time for humans to accomplish, and which are typically monotonous to perform in the robotic process automation market.
Globally, the RFID sensor market is expected to grow with a CAGR of 9.2% during the forecast period from 2019 to 2027, starting from US$ 12.5 Bn in 2018. The growth of the market is attributed to the increasing adoption of the inventory management solutions among the retail and e-commerce sector. Over the past decade, retail industry is going through a phase of digital disruption.
Globally, the remote browser market had registered a market value of US$ 1838.5 Mn in 2018 and is expected to grow with a CAGR of 17.9% during the forecast period from 2019 to 2027. Remote browsers are the type of software that are used for browsing the internet that is being hosted on a cloud platform instead of installing on a personal laptop, PC or locally.
Technological up-gradation in RADAR system has widen its application in multiple sectors such as aviation, automotive, marine and meteorology etc. RADARs are increasingly deployed for air traffic control, remote sensing and ground traffic control. Additionally, increase in sea-trade among countries of the world and rising number of travel by ships has further influenced the demand for RADAR across the globe. Moreover, the global aviation industry is growing exponentially from the last few years.
Globally, the quantum dot sensor market is expected to grow with a CAGR of 12.5% during the forecast period from 2019 to 2027. The increasing demand for the energy efficient sensor technology among the consumer electronics is the primary factor accelerating the growth of the market. Quantum dot sensor utilizes minimum energy and captures high definition and maximum portion of an image with the higher accuracy. This is encouraging its adoption among the consumer electronic products such as smartphones, tablets, and digital cameras.
Globally, the purpose built backup appliance market is expected to grow with a CAGR of 10.5% during the forecast period from 2019 to 2027, starting from US$ 4.50 Bn in 2018. The growth of the market is driven by the increasing demand among the enterprises for data protection and recovery infrastructure. As the organization are shifting towards digitalization and the digital data among is growing exponentially, the need among the organizations for storage and recovery of the data also rises.
The global quantum computing market is poised to reach US$ 7,635.38 Mn by 2027, expanding at a CAGR of 34.3% over the forecast period from 2019 to 2027. Increasing complexity in the data sets along with incompetent traditional computing methodology have given birth to an advanced computing technology that works on quantum bits or qubits. Quantum computing encompasses three technology stages that are quantum annealing, non-error corrected quantum computing, and fully-error corrected quantum computing.
The global public cloud services market was valued at US$ 182.36 Bn in 2018 and expected to register strong growth, expanding at a CAGR of 16.5% during the forecast period from 2019 to 2027.
Globally, the property management software market is expected to grow with a CAGR of 5.8% during the forecast period from 2019 to 2027 and has registered a market value of US$ 13.20 Bn in 2018. The property management software is defined as the application, which is used to perform various operations for residential, commercial, rental properties and hospitality accommodations.
The power system analysis software market worldwide is expected to grow with a CAGR of 9.8% throughout the prediction period from 2019 to 2027, starting from US$ 4.34 Bn in 2018. Rising need for energy generation and increasing penetration of big data analytics are the major reasons driving the market growth. Growing demand for sustainable energy will also gave boost to the market demand. Increased government investments for electricity infrastructure will also give boost to the market growth.
The global polymer solar cells market accounted for US$ 50.4 Mn in 2018 and is anticipated to grow to US$ 234.6 Mn growing at a CAGR of 21.2% during the forecast period from 2019 to 2027. The global polymer solar cells market is projected to grow robustly owing to the rapidly growing electronics industry globally.
One of the biggest challenges faced by the overall animation industry is to imitate facial expressions, resembling original human expressions, to the computer-generated characters. This has led to immense advancement in the motion capture technology, over the period of time. Facial motion capture refers to the process of recording movements of a person in order to create a computer-generated character.
The global physical security information management market is growing proficiently, projected to grow at a CAGR of 14.5% during the estimated period from 2019 to 2027, starting from US$ 930.5 Mn in 2018.
Globally, the optical sensor market is expected to grow with a CAGR of 13.5% during the forecast period from 2019 to 2027, starting from US$ 1.7Bn in 2018. The market is driven by the widespread adoption of the optical sensors into the smartphones and tablets. As the technological advancement is rising and competition among the smartphone manufacturers is fueling, the organizations are looking to integrate more advance features into their product to gain an edge over competitors.
Globally, the online project management software market is expected to grow with a CAGR of 13.7% during the forecast period from 2019 to 2027, starting from US$ 2,946.8 Mn in 2018. With the rise in the adoption of cloud-based software coupled with its ability to integrate and connect multiple systems, the global online project management market is growing at a rapid pace.
The online banking market worldwide is expected to grow with a CAGR of 4.28% during the forecast period from 2019 to 2027, starting from US$ 7.60 Bn in 2018. In 2016, Global non-cash transactions volumes grew with more than 10% to reach over US$ 480.0 Bn. Online banking allow customers to carry financial transactions on a secure network employed by the serving organization. Rapidly growing number of smartphone users coupled with internet penetration has built a robust platform for online banking market.
Healthcare IT systems interoperability enables various healthcare systems to communicate with each other and provides a holistic view of the entire information generated within a healthcare facility. With the advent of technological advancements in the healthcare IT sector, large volumes of data is being generated through the usage of various medical systems and devices at healthcare facilities.
The non-contact temperature sensors market worldwide is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027. Non-contact temperature sensors, also known as non-contact thermometers, are built using sensing elements that do not contact with the measured object. These sensors are used to ascertain the temperature of objects having rapid temperature changes or constant motion.
The growing use of smartphones, tablets, and the internet of things (IoT) has increased the networking infrastructures across the world. Further, with the launch of 5G technology, there will be exponential growth in the data in the future. The large amount of data generated by IoT creates huge network traffic. To manage and operate this data, enterprises are widely adopting network traffic analyzer tools. Rising usage of smartphones for online gaming and the increasing adoption of improved IT infrastructure in global IT companies will also drive the network traffic analyzer market.
The global multi-level marketing software market is expected to grow with a CAGR of 8.3% during the forecast period from 2019 to 2027. The anticipated growth will be driven by the rising network marketing market worldwide. Since 2009, network marketing has grown over 60% to reach US$ 189.6 Bn in 2017, starting from US$ 117.0 Bn in 2009.
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