Globally, the digital out-of-home market is expected to grow with a CAGR of 14.0% during the forecast period from 2019 to 2027, starting from US$4.15 Bn in 2018. Changing dynamics of the advertising industry, and increasing digitization are the key factors attributed to the growth in digital out-of-home market. Globally, the ways of marketing and advertisement are changing based on recent technologies.
The global digital mining market was valued at US$ 6.83 Bn in 2018 and is expected to expand at a CAGR of 9.2% during the forecast period from 2019 to 2027. The projected growth of the digital mining market worldwide will be propelled by a combination of factors including perpetually growing adoption of autonomous equipment, rising emphasis on health and safety, and growing environmental concerns. Furthermore, the growing penetration of advanced technologies including Internet of Things has helped companies reduce their labor cost significantly leading to cost optimization.
Globally, the digital content creation market is poised to grow with a growth rate of 16.5% over the forecast period. The market is propelled by the growing adoption of mobile device across the globe. Over the past decade, the media consumption has increased significantly. This consumption is mainly governed by the mobile devices. Smartphones and tablets emerged as the preferred medium of consuming digital data. The mobile devices with increasing internet speed enables the users to access the digital content anytime, anywhere.
The digital asset management market worldwide is expected to grow with a CAGR of 16.0% during the forecast period from 2019 to 2027, starting from US$ 2.90 Bn in 2018. The increased adoption of broadband internet is leading to an increased demand for specialized solutions in each industry. Digital asset management offers various solutions such as asset analytics, metadata archiving, video management and web content management along with a high return on investment.
Globally, the demand side platform (DSP) software market is expected to grow with a CAGR of more than 25% during the forecast period from 2019 to 2027, starting from US$ 6.83 Bn in 2018. Demand-side platform is a software that helps the buyers in the digital advertising industry to keep a track of numerous data exchange and ad exchange accounts through a single common interface. Advertisers to search, buy, and upload video advertisements from a marketplace on which publishers list their advertising inventory can use this platform.
The global deception technology market garnered a value of US$ 1.29 Bn in 2018 and is likely to witness a noteworthy growth, with a CAGR of 10.9% during the forecast period from 2019 to 2027. In recent years, the world has witnessed a surge in the advanced cyber-attacks. These attacks are increasing at a rapid pace both in number and in complexity. To thwart the vicious trend of suspicious activities and cyber-attacks, the security community has developed and proposed numerous solutions to enhance the security of networks and information systems across several end-use verticals.
DDoS protection and mitigation is a process of protecting specific server or a network from a distributed denial of service attacks. DDoS attacks are getting huge and are becoming more disruptive over time. The number of DDoS attacks have hit records high as hackers are varying their techniques to amplify their effects and make them more difficult to mitigate. These attacks have the capability to overtake the computing resources of any data center or an organization that are serving critical users. DDoS attacks are threat to any organization as they can shut down the website of a company permanently.
Globally, the data monetization market is expected to grow with a CAGR of 19.6% during the forecast period from 2019 to 2027 and had register a market value of US$ 1.80 Bn in 2018. Data monetization is defined as the data generated by the companies or organization, which are used to create economic benefits, or simply turning corporate data into currency. These currencies are in different forms of actual currency or data currency which are used as a means of exchange of data, product or services.
Globally, the data erasure solution market is expected to grow with a CAGR of 19.2% during the forecast period from 2019 to 2027. The market is driven by the rising threat of data losses among organizations. As the organizations are shifting towards digitalization, the risk of data breaches and cyber-attacks are also rising. The loss of data such as intellectual property, customers, personally identifiable information could put the customers, consumers and employees at the risk of identity theft.
The global data analytics outsourcing market was worth US$ 2.73 Bn in 2018 and is projected to grow at CAGR of 21.84% during forecast period from 2019 to 2027. Data analytics is the process of collecting, scrutinizing and evaluating data in order to draw meaningful information and informative conclusions from it, so as to help businesses make effective strategic decisions. Data analytics is a time consuming and tedious process that demands complete attention and contextual domain expertise.
Globally, the cyber-physical systems market is expected to grow with a CAGR of 9.3% during the forecast period from 2019 to 2027, and was recorded to have a market value of US$ 60.50 Bn in 2018. A cyber-physical system (CPS) is an instrument, that is monitored or controlled by computer-based processes, and are highly integrated with internet and with its users. Some of the common examples of CPS are process control systems, robotics systems, medical monitoring, smart grid, autonomous automobile systems, and automatic pilot avionics.
The global cryptocurrency market accounted for US$ 1,783.7 Mn in 2018 and is anticipated to grow at a CAGR of 7.2% throughout the forecast period from 2019 to 2027. A cryptocurrency can be defined as a digital currency, which is secured with the help of cryptography, that leads to nullify, counterfeit or double-spend on a product. Currently, there are various types of cryptocurrencies present in the market including Bitcoin, Etgereum, Bitcoin Cash, and Ripple among others.
The crawler camera systems market worldwide is expected to grow with a CAGR of 6.70% during the forecast period from 2019 to 2027. Crawler camera systems market is expected to witness tremendous growth in the near future due to rise in industrialization and growth in infrastructure development. The adoption of crawler camera systems has increased due to their faster and efficient pipeline inspections.
The content analytics market worldwide is projected to grow with a CAGR of 21.5% during the forecast period from 2019 to 2027, starting from US$ 2.34 Bn in 2018. Rising adoption of advanced analytics and growing business content will drive the content analytics market. Rising adoption of content analytics in the various industries such as healthcare, media & entertainment, retail, telecom, travel and others, is another major factor for the market growth. Convergence of text analytics with Big Data is another major reason driving the market.
The contactless payment transaction market worldwide is expected to grow with a CAGR of 43.7% during the forecast period from 2019 to 2027, starting from US$ 14.8 Bn in 2018. Rising adoption of cashless transaction and growing internet penetration will drive the contactless payment transaction market worldwide. Introduction of new technologies such as NFC or RFID for safe and secure payments are one of the key factors for the market growth. Increasing adoption of smart devices includes smart watches, tablets, smartphones and others is one of the important factor for the market growth.
The global connected agriculture market was accounted at US$ 1.7 Bn in 2018 and is projected to witness significant growth, growing with CAGR of 16% across the forecast period from 2019 to 2027. Connectivity is the cornerstone of technological transformation that has been taking place across the globe. Connected agriculture aims to provide optimum production with minimal resources. According to FAO, population of the world is more than 7 billion today and is likely to reach 9.1 billion by 2050.
In 2018, the global conferencing services market was valued at US$ 13.99 Bn and is expected to grow at a CAGR of 5.6% during the forecast period from 2019 to 2027. Expansion of mobile workforces, globalization of businesses and flexibility at workplaces are the major factors driving the global conferencing services market growth. Conferencing services have several benefits comprises cost effective, saves time, increases efficiency and productivity and others.
The computer graphics market worldwide is set to expand with a CAGR of 7.0% over the estimation period from 2019 to 2027, starting from US$ 162.0 Bn in the year 2018. The demand for new and innovative technologies in the global market is the most prominent aspect driving the computer graphics market. Computer graphics are the visual representation of data displayed on the monitor or screen. Thus, they have enhanced the mode of communication between computers and users.
Globally, the cognitive assessment and training market is expected to grow with a CAGR of 32.0% during the forecast period from 2019 to 2027, up from US$ 3.42 Bn in 2018. This market growth is attributed to the increasing elderly population across the globe. The population aging more than 60 years is growing rapidly worldwide. In 2015, more than 600 Mn populations across the globe were aging more than 60 years and it is estimated to increase cross the 2 Bn mark by 2050. The sudden increase in the life expectancy rate and sudden decline in the infertility rate is driving the growth of the geriatric population.
The cloud- based language learning market worldwide is set to grow with a CAGR of 10.4% during the estimation period from 2019 to 2027, starting from US$ 150.8 Mn in 2018. Growing education industry and rising cloud- based services penetration worldwide to enhance the demand for the market. Increasing investments by corporates for the training of their employees is also one of the key factors for the market growth. The benefits of cloud- based language learning such as flexibility, less cost, easy setup and others are helping the market growth. As a consequence, we expect that the market will show huge growth over the forecast period.
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