Smart homes are residences equipped with high-end computational and operational network that automatically operates, interacts with and responds to the needs of its residents. This impacts the occupants’ luxury and convenience. Other major purposes that are solved by smart homes are enhancing security measures, providing energy efficiency as well as providing timely entertainment. The global smart homes market is expected to grow at a CAGR of 17.86% reaching US$124.596 billion in 2024 from US Read more...
Home automation is used for controlling home appliances, equipments and reduce energy consumption. Global home automation market is projected to reach US$XX.XX billion by 2024 from US$XX.XX billion in 2018 with CAGR of XX.XX%. Rapid mobile connectivity, rising awareness for low power consumption devices, technological advancement, change in consumer lifestyle, rising security concern and favourable government regulations are the major drivers of the home automation market. In addition, Read more...
The Smart Hospitality market was valued at US$5.55 billion in 2018. The market for these solutions and services is being shaped by rapid growth of hospitality industry in many regions across the globe. Growth of travel and tourism industry is increasing the number of visitors at hotels, resorts and other such establishments. As competition across hospitality industry is increasing continuously, business owners in this industry are moving towards advanced solutions to efficiently manage their Read more...
The Point of Sale (POS) System market is projected to grow at a CAGR of 9.13% to reach US$25.877 billion by 2024, from US$15.651 billion in 2018. Point of Sale systems The demand for POS systems will grow on account of rising use of digital payment methods due to the ease of use and additional security that it provides. In addition to this, the rapid urbanization in developing economies will further boost the demand for these solutions in the next five years. This research study exam Read more...
The smart parking market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. Smart Parking is a parking strategy which is a combination of technology and human innovation so as to utilize fewer resources like fuel, time and space for the achievement of faster, easier and denser vehicle parking. Smart parking along with intelligent transportation which is called its sister approach is essential for the movement of people and goods. These te Read more...
The global crypto ATM market is projected to grow at a CAGR of 46.60% to reach US$183.779 million by 2024, from US$18.513 million in 2018. Crypto ATMs are the kiosks which allow a user to exchange their cryptocurrency for cash. Rising popularity of cryptocurrency will drive the demand for crypto ATM worldwide. In addition, rising installations of these ATMs in the hospitality industry will further boost the demand for these ATMs. However, uncertain government regulation regarding the use of cryp Read more...
The Location of Things market was valued at US$XX.XX billion in 2018 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2024. Rapid growth of logistics sector across many regions worldwide is a major factor driving the growth of this market. As players across this industry continue to increase their focus on proper management of fleet while improving their offerings to their customers, the demand for Location of Things is witn Read more...
The IIoT platform market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. The growth of this market is being driven by increasing support from the governments towards strengthening of their industrial infrastructure. China, for instance, is leading the list of most connected countries in the world as the Chinese government has been seeing the development of industrial IoT as a mat Read more...
The Blockchain as a Service market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. Rapid growth of cloud computing is one of the major factors driving the growth of this market. Increasing scalability offered by cloud storage and declining cost of bandwidth in many regions is fueling the growth of ‘as-a-service’ ecosystem as players across industries increase their focus towa Read more...
The connected logistics market is projected to grow at a CAGR of 23.16% during the forecast period of 2017-2023. Connected logistics offers various services and solutions which facilitate supply chain integration. The major factors driving the demand for connected logistics solutions are booming e-commerce industry, rising adoption of IoT, improvement in organizational efficiency and its cost-effectiveness. Rising disposable income coupled with increasing smartphone penetration in developing cou Read more...
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