According to Future Market Insights (FMI), global sales of substation automation are anticipated to grow at a 6% CAGR between 2023 and 2033. The substation automation market is anticipated to exceed US$ 37.8 billion in 2023 and to reach US$ 67.29 billion by 2033 thanks to a positive demand forecast. Recovery of the substation automation market is…
The touchscreen controller market is rapidly growing, fueled by the increasing demand for intuitive user interfaces. With technological advancements, such as capacitive touchscreens and multi-touch functionality, the market is expanding across various industries, from smartphones and tablets to automotive and industrial applications. Innovation and competition continue to drive its evolution. The market for touchscreen controllers is anticipated…
The construction tech market is expected to be worth US$ 5,058.8 million in 2023. The market is expected to reach US$ 24,178.4 million by 2033, expanding at a 16.9% CAGR throughout the forecast period. With the integration of digital tools and advanced techniques, construction tech is streamlining workflows, enhancing efficiency, and improving safety on construction sites. Building information modeling (BIM) allows…
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The global enterprise data management market is anticipated to increase and reach US$ 208.9 billion by 2032, with a CAGR of 8.4%, as a result of the increasing adoption of Internet of Things (IoT) devices. The market is predicted to generate US$ 93.5 billion in 2022, a 1.1x increase from US$ 85.4 billion in revenue in 2021. In addition, the…
The asset financing platform market is expected to be worth US$ 3,217.0 million in 2023. The market is expected to reach US$ 7,851.8 million by 2033, expanding at a 9.3% CAGR throughout the forecast period. The asset financing platform market is driven by several factors, including the need for efficient financing options, the rise of e-commerce, and the digitization of business…
The data center infrastructure management market size is expected to reach US$ 2 billion in 2022 registering a CAGR of 10.7% from 2022 to 2032. Energy-efficient data centers are expected to exceed US$ 5.6 billion by the end of 2032. The business has been experiencing an unprecedented data revolution since the recent boom in digital technology and transformation regarding storage, performance,…
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
The global hydraulic cylinder market is expected to advance at 4.6% between 2023 and 2033. The valuation is expected to exceed US$ 24 billion by 2033. In 2023, the estimation is likely to be at US$ 15.3 billion. Automotive factories face a massive demand for hydraulic cylinders. In 2021, the automotive market had a mammoth valuation of US$ 2.8 trillion and is…
The global market for automated material handling systems is anticipated to grow at a CAGR of 9.2% over the course of the forecast period, according to the most recent study by FMI. The market is anticipated to be worth US$ 34 billion in 2023. The value is expected to hit US$ 81.8 billion by 2033. The global industry for these machines is growing…
