CAGR / Compound Annual Growth Rate stories
ICT spending expected to bounce back after a slow 2023
Worldwide spending on ICT is forecast to grow steadily through 2027 with a 5.7% CAGR, following a slightly slower 2023.
Pump control panels market to be US$2.6 billion by 2033: FMI
The market for industrial pump control panels is projected to create an incremental opportunity of US$1 billion in the review period 2023 to 2033.
Enterprise market applications to grow to $483.1bn by 2027
Nearly all this growth will come from ongoing investments in public cloud software, which is expected to represent more than two thirds of all enterprise applications revenue.
Worldwide IoT spending to surpass $1 trillion in 2026 - IDC
Investments in the IoT ecosystem are expected to surpass $1 trillion in 2026 with a CAGR of 10.4% over the 2023-2027 forecast period, the analysts find.
Resiliency and automation to drive Europe’s software market: IDC
According to the IDC, demand for improved resiliency and automation will drive the European software market growth until 2027.
Computational fluid dynamics market continues to expand - FMI
According to a new report from Future Market Insights, the worldwide computational fluid dynamics (CFD) market is expected to be worth US$ 2,447 million in 2023.
Demand for original video content on the up, software market follows suit
The video streaming software market is anticipated to progress at an impressive CAGR of 10.2% to reach US$12.87 billion by the end of 2030, according to FMI.
Demand for advanced driver assistance tech grows - FMI
Due to the increased adoption of ADAS by top automakers for steering, monitoring, braking, and warning applications, demand for the technology has been increasing globally.
ServiceNow tech services market size set to grow at CAGR of 17.4%
The ServiceNow tech services market size has been valued at US$24.8 billion in 2023 and is expected to grow to US$123.2 billion by 2033, expanding at a CAGR of 17.4%.
IDC releases first ever report on performance intensive computing as a service
IDC projects that the total worldwide PICaaS market will grow from $22.3 billion in 2021 to $103.1 billion in 2027 with a CAGR or 27.9% over the 2022-2027 forecast period.
FMI: Increase in DDoS attacks to boost market CAGR by 16%
Future Market Insights (FMI) has released new research showing DDoS attacks grew by 109% in 2022, boosting the protection market to an expected 16% CAGR.
FMI: Virtual event platforms market to reach $17b in 5 years
Future Market Insights (FMI) has released new research showing the virtual event platforms market is expected to grow to USD$17.05 billion by the end of 2028.
2032 digital substation market to be US$14.11 billion: FMI
The digital substation market was valued at US$6.5 billion in 2021. It is expected to be US$14.11 billion by 2032, growing at a 7.3% CAGR from 2022 to 2032.
Smartphone market slower to recover than expected - IDC
Real market recovery is not expected to occur until 2024, when IDC expects 5.9% year-over-year growth followed by low single-digit growth.
Botnet detection market to be US$11 billion by 2032: FMI
The adoption of botnet detection is estimated to grow with a CAGR of 33.6% from 2022 to 2032; hence measures must be undertaken to mitigate bot traffic.
The Liquid Future of Data Centre Cooling
With rising demand and equipment densities, air as a cooling medium is reaching its limits. Developments in hybrid and liquid cooling will allow providers to rise to the challenge sustainably.
CIAM market to reach $4.55 billion by 2025 - KuppingerCole
KuppingerCole Analysts have released new research predicting that the Consumer Identity and Access Management (CIAM) market will reach USD $4.55 billion by 2025.
Storage Area Network to account for 7% of next-gen data storage market
The global market reached a valuation of US$19,576 million in 2021 and further expand at a valuation of US$26,867 million by the year 2029.
Web 3.0 Blockchain Market projected to have CAGR of 44.9%
Future Market Insights have projected that the Web 3.0 Blockchain market will grow to an estimated valuation of USD $116.51 billion by 2033.
Forecasted 15% CAGR for Wearable Bands Market during 2023-33
The industry will grow from its expected USD $42.09 billion market share in 2023 to an estimated USD $170.31 billion market share by 2033.
IoT node and gateway market to be US$726.7 million by 2030
The global IoT node and gateway market size is expected to grow from USD412.3 million in 2021 to USD726.7 million by 2030, at a CAGR of 6.5% from 2022 to 2030.
Automotive semiconductor market set to grow in coming years
The global automotive semiconductor market is poised to increase at a CAGR of 7% during the assessment period from 2020-2030.
FMI states IoT device management market to grow at CAGR of 24.4%
Sales are expected to be driven by the development of IoT networks and systems, concerns regarding network security and the need to track health.
33% CAGR growth in 5G defence sales: Future Market Insights
According to a recently published Future Market Insights report, the 5G in defence market revenue is estimated at US$ 213.5 million in 2022.