The global smart highway market is expected to be valued at US$16.916 billion in 2018 and is projected to reach US$40.607 billion by 2023 exhibiting a CAGR of 19.14% during the forecast period. This market will witness a high growth in the next five years owing to the rise in the demand for intelligent traffic management system. Advancement in the computer related technologies have added to the improvement in the transport sector. Day to day rise in population and increasing fatal accidents has Read more...
The global blockchain market is projected to witness a significant CAGR of 70.17% during the forecast period to reach a total market size of US$38,168.892 million by 2025, increasing from US$1,571.645 million in 2019. The major factor that has been driving the use of blockchain is the transparency of a transaction along with the ability to be incorruptible which has resulted in increased acceptance among the wider audience. The adoption of DLT (distributed ledger technology) among the various Read more...
The global smart microwave oven market is projected to witness a CAGR of 21.82% during the forecast period to reach a total market size of US$2.633 billion by 2023, increasing from US$0.806 billion in 2017. A smart microwave oven connects with home network usually via Wi-Fi and expanded facilities like moisture sensor to avoid drying out food and can communicate with smart phones. Development in the network infrastructure has increased the use of broadband and internet has shifted consumers ar Read more...
Global Internet of Robotic Things market is expected to grow from US$3.325 billion in 2018 to US$18.075 billion in 2023, growing at a CAGR of 40.30% over the forecast period. This research study examines the Internet of Robotic Things market on the basis of various segments - by software, platform, component, end-user, and geography. Major drivers, restraints, and opportunities have been mentioned to provide an exhaustive picture of the market. Furthermore, the current market trends related to t Read more...
Building Automation System market is expected to grow from US$62.869 billion in 2017 to US$108.413 billion in 2022, at a CAGR of 11.51% over the forecast period. This research study examines the Building Automation System market on the basis of various segments - by type, application, and geography. Major drivers, restraints, and opportunities have been mentioned to provide an exhaustive picture of the market. Furthermore, the current market trends related to the demand, supply, and sales, in ad Read more...
The global smart luggage market was valued at US$0.745 billion in the year 2017 and is expected to grow at a CAGR of 21.62% to reach a total market size of US$1.983 billion by 2022. There has not been much advancement in the suitcase type of commodity. The producers just keep on modifying suitcases in terms of materials and designs. But in modern times where everything is becoming smart, the luggage has become smarter too. The suitcases with technology integrated within it are called smart lugga Read more...
The IoT Chip market is estimated at US$25.837 billion for the year 2019.An IoT chip is a small electronic device that is integrated into numerous electronic devices, machines, and objects. The objective of these chips is to connect the devices to wireless networks and receive or send data. The growth of this market is majorly attributed to the growing demand for electronic devices. Impressive economic growth, rising disposable income, and improvement in the standard of living are driving the Read more...
The global Power Toothbrush market is projected to grow at a CAGR of 4.88% to reach a value of US$4.313 billion by 2025, from US$3.241 billion in 2019.According to the World Health Organisation (WHO), oral diseases such as tooth decay and gingivitis among others are one of the commonly prevalent non-communicable diseases that affect people and cause pain and discomfort among other problems. These oral problems are occurring due to the lack of proper oral hygiene practices among people. In 2016 Read more...
The smart lock market is projected to grow at a CAGR of 15.41% to reach US$1763.419 million by 2023, from US$746.239 million in 2017. The demand for smart lock is increasing on account of growing focus on the development of smart infrastructure. Moreover, the continuous advancement in the wireless technology along with growing spending ability of the consumers is further supplementing the growth of the smart lock market. This research study examines the current market trends related to the dema Read more...
The smart office market is expected to reach US$45.931 billion by the end of 2023, increasing from US$24.739 billion in 2017, growing at a CAGR of 10.86% during the forecast period. Smart offices are the offices which make use of sensors and internet of things among other things to make an office space convenient, safer and energy efficient. The major factors driving the demand for smart office solutions are its cost-effectiveness, development of smart cities around the world and improvement in Read more...
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