MarketsandMarkets has released a new report that predicts that the market for edge AI software will grow from $470 million to $665 million between 2019 and 2021. Those numbers represent a CAGR of 19 percent. They also account for the impact of COVID-19. According to MarketsandMarkets, many organizations are operating in a suboptimal capacity due to the…
Allied Market Research is doubling down on its previous prediction that the global biometric sensor market will reach $1.92 billion by 2025. That figure represents a CAGR of 9.3 percent, based on a 2017 market valuation of $944 million. The Allied report attributes much of that growth to the rising demand for reliable security and identity products,…
Research and consulting firm Frost and Sullivan has released a new report on the global biometrics market, predicting it will grow from $18.78 billion today to $45.98 billion by the year 2024. The report highlights the importance of the rise of the Internet of Things (IoT) and smartphone usage — along with the increasing viability…
A new report suggests that the home healthcare market will climb to $515.6 billion by 2027. The prediction comes courtesy of Grand View Research, and represents a CAGR of 7.9 percent for the entire forecast period. According to Grand View, the world’s aging population will account for much of that growth. The elderly population is expected…
Transparency Market Research has released a new report that predicts that the home security market will quadruple in the next few years, climbing from $17.8 billion in 2019 to $81 billion in 2027. Those figures represent an astronomical CAGR of approximately 21 percent. The research firm attributes much of that growth to the increasing availability…
According to a new report by global research and advisory company Technavio, the global augmented reality (AR) market is expected to grow by $76.99 billion in the period between 2020-2024. The growth in the market is expected to receive a boost from the growing AR-enabled smart glasses market. Smart glasses add contextual information using AR…
Fortune Business Insights (FBI) has released a new report that predicts that the global market for Natural Language Processing (NLP) technology will reach $80.68 billion by 2026. That number reflects a CAGR of 32.4 percent, based on a 2018 market valuation of $8.61 billion. FBI credits the anticipated growth to big data, and the need to…
BIS Research has released a new report that suggests that the rising demand for decentralized identity (DID) solutions will lead to major gains in the global DID market. The research firm specifically believes that DID tech will gain traction as people and institutions try to address the privacy concerns inherent in many of the identity…
A new report from Allied Market Research (AMR) suggests that corporate intelligence will be more valuable than ever heading into the next decade. The research firm specifically predicts that the Analytics as a Service market will reach $126.48 billion by 2026. That figure represents an astounding CAGR of 38.1 percent for the years between 2019 and…
A new report from Juniper Research suggests that biometric technology will revolutionize the mobile payments industry over the next few years. The firm predicts that consumers will use biometric authentication to conduct $2.5 trillion in payment transactions on mobile devices by 2024. That number represents a massive 1,000 percent increase over the comparable $228 billion…
Allied Market Research (AMR) has released a new report that suggests that the enterprise Artificial Intelligence market will grow at an astronomical rate for the next few years. The value of the market will climb from $4.68 billion in 2018 to $53.06 billion by 2026, displaying a phenomenal CAGR of 35.4 percent throughout a forecast period…
A new report from VynZ Research predicts that the market for conversational AI tech will climb to $16.2 billion between 2019 and 2024. That figure represents a CAGR of 29.2 percent for the time period in question. Conversational AI can be used for a wide range of purposes, including onboarding and customer support, though VynZ…
The GSMA has released a pair of reports that detail the ways in which mobile and IoT technologies have been a boon for countries in the Middle East and North Africa (MENA). The two reports – The Mobile Economy: Middle East and North Africa 2019 and Realising the potential of IoT in MENA – were released during…
A new report from Frost & Sullivan is calling attention to the growing popularity of as-a-service business solutions. The research firm notes that as-a-service models – which can cover everything from biometrics to infrastructure to identity management – are often more affordable and more convenient than fully packaged, non-service-based alternatives. In that regard, as-a-service solutions…
A new report from Grand View Research predicts that the international digital payments market will climb to $132.5 billion between 2019 and 2025. The number represents an astounding CAGR of 17.6 percent during the time period in question. The research firm attributes much of that growth to rapid technology improvements and the increasing prevalence of…
A new report from Grand View Research is predicting significant growth for the vehicle access control market over the next several years, with biometric technology poised to play an important role. The overall market is forecast to reach a value of $17.3 billion by 2025, reflecting a CAGR of 10.6 percent for the 2019-2025 forecast…
Fortune Business Insights (FBI) has released a new report on the voice and speech recognition market, projecting that the market will grow from $6.89 billion to $28.34 billion between 2018 and 2026. The market is expected to display a CAGR of 19.8 percent during that period. FBI credits a number of different factors for the expected growth,…
Fortune Business Insights has released a new report that suggests that the 5G infrastructure market is primed to explode in the next few years. The report predicts that the market will grow at an astonishing CAGR of 76.29 percent between 2018 and 2026, climbing from $720.6 million to $50.64 billion during the forecast period. The…
“For instance, cameras that can read license plates will enable automated toll collection, while cars with machine vision capabilities would be able to identify cyclists and pedestrians and stop them accordingly…” ResearchAndMarkets.com has released a new report on the machine vision market that forecasts growing demand for 2D and 3D machine vision technology leading up…
