Globally, the mobile video optimization market is expected to grow with a CAGR of 8.5% during the forecast period from 2019 to 2027. The market is propelled by the increasing adoption of the smartphones and tablets across the globe. The smartphones has unleashed a new wave of video consumption and video creation via its large screen display and advance cameras. Tablets also aid in the adoption of the mobile videos by offering enhance video watching experience and encouraging new consumption avenues for long form content such as movies and educational videos.
Globally, the mobile travel booking market is expected to grow with a CAGR of 12.2% during the forecast period from 2019 to 2027, starting from US$ 858.0 Mn in 2018. The growth of the market is attributed to the increasing adoption of the smartphone across the globe. The number of the smartphone users worldwide has significantly increases over the past five years. The number of smartphones has increased from 1.57 Bn in 2014 to 2.53 Bn in 2018.
Globally, the mobile peer-to-peer (P2P) money transfer market is expected to grow with a CAGR of more than 18% during the forecast period from 2019 to 2027. Over the past decade, a significant increase in the use of smartphone across the globe has been witnessed. The number of smartphones has increased from 1.57 Bn in 2014 to 2.53 Bn in 2018. This growth is credited to the increasing disposable income of the population across the global along with the emergence of the low cost smartphone manufacturers in the Asia region.
The mobile edge computing market worldwide is expected to grow with a CAGR of 32.0% during the forecast period from 2019 to 2027, starting from US$ 258.0 Mn in 2018. Exponentially increasing data traffic worldwide along with data communication systems is the prime factor driving the market growth. Mobile edge computing assists the disposition of services within the RAN to develop profound user experience. Backed by changes in regulatory & legal structure and rising security concern the mobile edge computing market is set to grow.
Globally, the mobile device management (MDM) market is expected to grow with a CAGR of over 23% during the forecast period from 2019 to 2027, starting from US$ 9.60 Bn in 2018. The growth of the market is attributed to the increasing adoption of smartphone along with the internet services is augmenting the demand for the mobile device management market. The smartphone technology had evolved significantly over the years and the adoption of the smartphone is increasing very rapidly across the globe.
Globally, the mobile data protection solution and services market is expected to grow with a CAGR of 21.5% during the forecast period from 2019 to 2027. The growth of the market is driven by the increasing adoption of bring your own device (BYOD) policies and enterprises mobility solution among the organizations. As the adoption of the smartphones and tablets are increasing rapidly across the globe, the enterprises are shifting towards BYOD policies to provide flexibility of using own devices for work purpose and reduce the capital cost of IT infrastructure.
The global mobile cardiac telemetry systems market is growing proficiently, expected to grow at a CAGR of 9.1%. Mobile cardiac telemetry systems are essentially used for remote monitoring in real time and transmission of cardiac measures to the doctors or physicians. These are mainly applied for disease indications such as cardiac arrhythmia, heart related conditions, atrial fibrillation, etc. Globally, increasing prevalence for cardiac disorders, heart failure among the geriatric population, and increasing need for advanced and quick real time monitoring of patients along with enhanced patient safety will drive the overall market growth.
The mobile cancer screening devices market is expected to highlighting positive growth at a compounded annual growth rate (CAGR) of 5.6% during the forecast period from 2019 to 2027. The mobile cancer screening devices are well equipped with efficient ergonomic features and are less expensive in comparison to conventional screening devices. Rising prevalence of cancer worldwide and increasing demand for portable screening devices among oncologist consolidates the market growth for mobile cancer screening devices.
The mobile applications market worldwide is expected to grow with a CAGR of 15.60% during the forecast period from 2019 to 2027, starting from US$ 109.67 Bn in 2018. Mobile applications are an integral component of smart phones and other smart devices such as tablets, smart TV’s etc. Further, there are more than 5.0 Bn mobile users in the world, with global internet penetration at 57%. Introduction of 4G and other content delivery technologies such as live streaming media, downloadable objects etc., is expected to continue boosting the market.
The mobile accelerator market is expected to grow with a CAGR of 23.5% during the forecast period from 2019 to 2027, up from US$ 1.97 Bn in 2018. Enhancement of digital environment and penetration of technology are the major growth driving factors for the market. Mobile accelerators are generally used for application speed enhancement. Mobile accelerators have different application such as device acceleration, content acceleration, WAN optimization and others.
The global mixed reality market is growing competently, and accounted for US$ 75 Mn in 2018 and is expected to grow to US$ 3417.64 Mn in 2027 at a CAGR of 53.9% throughout the forecast period 2019 to 2027. Mixed reality is an interdisciplinary field involving computer graphics, signal processing, computer apparition, user interfaces, mobile computing, wearable computing, information visualization, and the design of displays and sensors.
Globally, the mining excavators market is expected to grow with a CAGR of more than 5% during the forecast period from 2019 to 2027. Globally, the mining equipment industry has witnessed a considerable growth based on increased mining operations across various parts of the globe. The demand for mining equipment such as excavators is mainly driven by recovery of commodity prices and increasing focus on technology and automation as the way forward.
The global millimeter wave technology market was valued at US$ 289.2 Mn in the year 2018 and expected to reach US$ 4,456.0 Mn by the year 2027, expanding at a CAGR of 35.7% during the forecast from 2019 to 2027. Frenetic growth in wireless technology has espoused various technological advancements in the field of spectrum. Today around 95% of the businesses believe in digital transformation to increase their productivity.
Globally, the military wearable market is expected to grow with a CAGR of more than 7.7% during the forecast period from 2019 to 2027, starting from US$ 3.90 Bn in 2018. The military variables are the devices or the equipment, which are used by the soldiers during the missions or during the critical tasks, assigned to them. The technological advancement in increasing research and development in the field of military and defense is driving the military variable market.
Globally, the military sensor market is expected to grow with a CAGR of 4.5% during the forecast period from 2019 to 2027. The growth of the market is driven by the advancement in the MEMS devices. Over the past decade, the sensor technology has witnessed substantial growth in terms of deployment and use due to the large scale implementation of the MEMS devices. These devices have led to the development of wide array of sensors ranging from the pressure measuring sensors to gyros to accelerometers as well as miniaturization of the sensors. As a result, multiple new avenues for the applications of the sensors has developed, which was not feasible before.
Globally, the military communications market is expected to grow with a CAGR of 4.0% during the forecast period from 2019 to 2027, starting from 2018 with a market value of US$32.20 Bn. Military communication is defined as the transmission of information from one unit to another or headquarters to the units. The military communication is an important part for the armed forces to maintain their efficient functioning, military command, and control over the troops.
A hand sanitizer gel is a disinfectant solution used as a substitute for soap and water hand wash. Healthcare and personal hygiene is one of the most promising growth areas in the MENA (Middle-East and North Africa) region. The field has witnessed growing investment to meet the demand elevated by high population growth rate and fear of periodic outbreak of threatening diseases like COVID-19, Ebola, H1N1, SARS, Influenza, and Avian flu among others.
The global microgrid control system market is growing proficiently, projected to grow at a CAGR of 12.0% during the expected period from 2019 to 2027, starting from US$ 2.61 Bn in 2018. An increased concern of carbon emission, advancement in IoT, as well as communication technologies, are the major drivers of the global microgrid control system market.
The global microducts market worldwide is expected to grow with a CAGR of 4.5% during the forecast period from 2019 to 2027, starting from US$ 0.23 Bn in 2018. Flame retardant microducts are gaining immense popularity owing to increasing safety regulations by the governments and regulatory authorities. Increasing demand for safer and more cost effective ducting solutions in electrical and construction applications are expected to drive the demand for flame retardant microducts over the forecast period.
The microdermabrasion device market is expected to grow at a CAGR of 8.3% during the forecast period from 2019 to 2027, starting from US$ 353.4 Mn in 2018. Increasing trends for nonsurgical procedures worldwide increases the demand for microdermabrasion devices. According to a report published by the Harvard Medical School suggests the total number of nonsurgical cosmetic procedures conducted in the U.S. accounts for about 12.6 million.