The global digital multimeter market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 910.8 Mn in 2018. The rising electric vehicle penetration along with the surge in demand for digital multimeters across the globe are the major factors projected to drive the global market growth over the forecast period.
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 dewatering pumps market is expected to grow with a CAGR of 6.4% during the forecast period from 2019 to 2027, and accounts a market value of US$ 6.80 Bn in 2018. Dewatering pumps are used to drain or remove the surface water or groundwater from various places such as a sewage plant, construction site, mineshaft, power plants, construction industries, cement plants, thermal plants, or riverbed. It works by evaporating or pumping out the water.
Devic’s syndrome (Neuromyelitis optica) treatment accounted for a market value of US$ 156.8 Mn in 2018 and projected to grow at a CAGR of 12.0% during the forecast period from 2019 to 2027. Devic's disease or neuromyelitis optica is an autoimmune disease in which antibodies and immune system cells mainly damage the optic nerves and the spinal cord, but in a few cases affect the brain. The injury to optical nerves leads to inflammation and soreness leading to vision loss and pain; the injury to the spinal cord leads to paralysis in the arms or legs, loss of sensation, and problems with bladder & bowel function.
The global dermal fillers market is growing efficiently, expected to grow at a CAGR of 6.6%. Globally, growing minimally invasive cosmetic procedures has significantly increased the revenue of dermal fillers. Innovative application launches along with raised demand for medical aesthetics, and promising pipeline products in the aesthetics industry are factors driving the overall growth of dermal fillers market globally. Increasing commonness of imbalance diet, stress and insomnia among individuals will further spur revenue growth during the forecast period.
The denim jeans market worldwide is expected to grow with a CAGR of 3.9% during the forecast period from 2019 to 2027, starting from US$ 69.50 Bn in 2018. Denim jeans has a unique style and appearance unmatched by any other apparel. More than 4.5 Bn units of denim jeans have been sold worldwide as of 2018. Denim jeans market is expected to witness steady growth in the near future due to rise in disposable income worldwide. Due to increase in influence of western culture on clothing style, is the prominent factor in growth of denim jeans market. The individuals consider denim jeans as comfortable, durable and easy, on account of which they prefer it. As a result of these factors, we are expecting steady growth in near future.
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 deflectable catheters market is set to reach from US$ 1,564.9 Mn in 2018 to US$ 2,246.6 Mn by 2027 at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2019 to 2027. Rising public health awareness and technological advancement in the development of deflectable catheters for its application as diagnostic and medical interventional device determines the deflectable catheters market growth during the forecast period.
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.
Globally, the dealer management systems market is expected to grow with a CAGR of 7.60% during the forecast period from 2019 to 2027 and is expected to register a market value of US$ 11.60 Bn in 2027. A dealer management system is a system that is used to provide a centralized application for collecting the customer and vehicle inventory information. These systems cover the information associated with pre-sales, vehicle sales, financial accounting information, customer relationship management, and workflow automation.
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.
Globally, the customer experience management market is expected to grow with a CAGR of 14% during the forecast period from 2019 to 2027, up from US$ 6.80 Bn in 2018. The growth of the market is attributed to the increasing demand among the enterprises to provide the better customer experience. As the competition among the market players is fueling, the organization started focus on providing better customer experience to reduce the churn rate and gain customer loyalty. To address these challenges, the enterprises are looking for advance software solutions to monitor the customer experience.
Globally, the custom screen printing market is expected to grow with a CAGR of more than 5.9% during the forecast period from 2019 to 2027, starting from US$22.2 Bn in 218. At present, screen printing is commonly used to transfer color and design to clothing. The custom screen printing market is expected to witness the enhanced growth with the high use of screen printing in the custom T-shirt printing.
The global cryptocurrency market accounted for US$ 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.