The BFSI data monetization market is projected to grow at a CAGR of 5.85% during the forecast period. Rapid growth of this industry, indicated by rising number of accounts in banking and financial institutions worldwide, is one of the major factors driving the growth of this market. Continuous drift of banks and financial institutions towards has been leading to generation of huge volumes of data per day. This data includes valuable information about account holders and current trends. Growing c Read more...
The usage-based insurance market is projected to grow at a CAGR of 34.78% to reach US$45,311.046 million by 2024, from US$7,559.693 million in 2018. Usage-based insurance (UBI) is a type of automotive insurance where, instead of the premium being decided on the traditional backgrounds, it is also determined on the behavior, driving pattern, and usage of the vehicle. The demand for UBI is projected to witness substantial growth during the projected period due to the premium discounts allowing Read more...
The e-commerce route optimization market is projected to grow at a CAGR of 14.56% during the forecast period. The growth of this market is majorly attributed to rapid growth of e-commerce sector across the globe which is increasing the inflow of investments by players across this sector into advanced technologies which can streamline processes and help them improve their margins. Since internet penetration has been increasing across all major geographies worldwide, companies in this sector are d Read more...
The Food Delivery Route Optimization market is projected to grow at a CAGR of 18.57% during the forecast period. The growth of this market is attributed to rapid growth of food delivery sector across the globe. Growing competition in the global food industry along with increasing internet penetration across all major geographies worldwide is encouraging food retailers to use food delivery services. Rising inflow of investments by players across this sector into advanced technologies can streamli Read more...
Global flight management system market is estimated to witness a CAGR of 4.98% to reach US$5,092.296 million from US$3,803.571 million in 2018. The flight management system is an interface between the flight crew and flight desk system, so it is one of the main components in avionics systems as it performs different in-flight operation automatically. Rising demand for modern aircraft owing to the growing air travel is significantly driving the market of flight management system market; this is a Read more...
The E-commerce analytics market is projected to grow at a CAGR of X.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2018.E-commerce analytics refers to data analytics of online retail stores. E-commerce analytics are used to collect and analyze various parts of a working e-commerce store so as to provide business insights to help management make informed decisions. The e-commerce analytics market has been segmented on the basis of component, application, and Read more...
The Augmented analytics market is projected to grow at a CAGR of X.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2018. Augmented analytics refers to the process of using machine learning and natural language processing to get a better understanding of data by analyzing data programmed through these processes. Augmented analytics is used as a leading-edge business intelligence tool that analyses data through comprehensive algorithms to provide business insights through artific Read more...
The Function as a Service (FaaS) market is projected to grow at a CAGR of 18.37% during the forecast period. The growth of the function as a service (FaaS) market is majorly attributed to the increasing focus of enterprises towards agility of infrastructure and cost reduction. As these remain the key focal points for many enterprises, the popularity of serverless computing has been increasing significantly over the past few years. Companies are shifting from legacy DevOps trend to serverless com Read more...
The global building analytics market was valued at US$4.491 billion in 2017 and is expected to grow at a CAGR of 15.71% over the forecast period to reach a total market size of US$10.778 billion by 2023. The growth of this market is majorly attributed to rapid growth of construction industry worldwide. The growth of this market is being boosted by increasing investments by end-users into new technologies to streamline the overall construction process while ensuring compliance to strict regulatio Read more...
The Dark Analytics market was valued at US$189.724 million in 2017 and is expected to grow at a CAGR of 30.57% over the forecast period to reach a total market size of US$940.077 million by 2023. Rising number of security breaches and growing competition among players across industries are some of the major factors shaping the growth of this market. As competition continues to intensify, enterprises are witnessing an increasing need to analyze large volumes of unstructured or dark data to gain m Read more...
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