market reports

Grand View Forecasts $344.1 Billion Automotive Financing Market

Grand View Forecasts $344.1 Billion Automotive Financing Market

Grand View Research has released a new report that predicts that the international automotive finance market will climb to $344.1 billion by 2026. However, the impressive figure does not necessarily represent astronomical growth, and corresponds to a modest CAGR of 6.7 percent. The automotive finance market covers the ecosystem of financial providers that allow everyday consumers…

AMR Forecasts $126 Billion Analytics-as-a-Service Market

AMR Forecasts $126 Billion Analytics-as-a-Service Market

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…

Biometric Tech Will Help to Drive Mobile Payments Market: Report

Biometric Tech Will Help to Drive Mobile Payments Market: Report

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…

AMR Forecasts Booming Enterprise AI Market

AMR Forecasts Booming Enterprise AI Market

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…

VynZ Forecasts $16.2 Billion Market for Conversational AI

VynZ Forecasts $16.2 Billion Market for Conversational AI

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…

Speech-to-Text API Market to Reach $4.1 Billion by 2024

Speech-to-Text API Market to Reach $4.1 Billion by 2024

According to a new report published by MarketsandMarkets, the global Speech-to-Text Application Program Interface (API) market is set to grow from $1.6 billion in 2019 to $4.1 billion by 2024, with a Compound Annual Growth Rate (CAGR) of 20.6% during the forecasted period. Some major factors fueling this growth have been the growing use of…

Biometrics Will Drive Vehicle Access Market: Report

Biometrics Will Drive Vehicle Access Market: Report

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 Forecasts $28 Billion Voice Recognition Market

Fortune Business Insights Forecasts $28 Billion Voice Recognition Market

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,…

5G Infrastructure Market to See CAGR of 76% Through 2026: Report

5G Infrastructure Market to See CAGR of 76% Through 2026: Report

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…

Report: Machine Vision Market Expected to Grow Leading Up to 2024

Report: Machine Vision Market Expected to Grow Leading Up to 2024

“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…

AI to Surge in Healthcare Market: Report

AI to Surge in Healthcare Market: Report

Artificial Intelligence is going to play an increasingly important role in healthcare in the coming years, according to a new market forecast from Technavio. The firm predicts that the global healthcare AI market will see a CAGR of 28 percent between 2019 and 2023. This is part of a larger digitization trend underway in the…

Grand View Forecasts $1.99 Billion Anti-Money Laundering Market

Grand View Forecasts $1.99 Billion Anti-Money Laundering Market

A new report from Grand View Research predicts that the market for Anti-Money Laundering (AML) technology will hit $1.99 billion by 2025, growing from $857.2 million in 2018 with a CAGR of 13.6 percent. The market is expected to grow as various organizations look to clamp down on the threat of financial crime and keep up…

TMR: Home Automation Market Will Be Much Bigger than Previously Expected

TMR: Home Automation Market Will Be Much Bigger than Previously Expected

Home automation market will hit $116.26 billion by 2026 Transparency Market Research (TMR) has released a new report that forecasts major growth for the home automation market. The report predicts that the market will hit $116.26 billion by 2026, with a CAGR of 6.8 percent over the forecast period. The $116 billion figure represents a…

Transparency Market Research Forecasts Big Growth for IDaaS Market

Transparency Market Research Forecasts Big Growth for IDaaS Market

A new report from Transparency Market Research (TMR) predicts that the Identity-as-a-Service (IDaaS) market will hit $26.2 billion by 2027, with a CAGR of 26 percent during that period. The increasing demand for authentication and document verification technology is expected to fuel much of that growth as technology allows for the creation of more secure…

Global Facial Recognition Market to Hit $7 Billion by 2024

Global Facial Recognition Market to Hit $7 Billion by 2024

“Notably, despite the growing popularity of facial recognition in consumer technology since Apple helped to popularize selfie authentication with its Face ID system, MarketsandMarkets points to demand in government, surveillance, and industry areas as being key to the modality’s growth.” The global facial recognition market will grow from an estimated value of $3.2 billion this…

e-Passports Market is Set to Surge: Report

e-Passports Market is Set to Surge: Report

The global market for e-passports is going to surge over the next few years, according to a new report from Technavio. The market research firm forecasts a CAGR of 21 percent between 2019 and 2023, equating to $23.93 billion in growth. In a report summary, a senior Technavio analyst explained that an increasing number of…

Connected Cars Will Increase Demand for Car Security Systems: Technavio

Connected Cars Will Increase Demand for Car Security Systems: Technavio

According to a new report from Technavio, the market for car security systems is expected to grow as more and more car manufacturers roll out new connectivity features for passenger vehicles. The use of biometric authentication for vehicle access and ignition will also be a key factor driving the market.   The logic in the…

Major Growth Coming For European Biometrics Market: Report

Major Growth Coming For European Biometrics Market: Report

“AI-driven behavioral biometrics will become the main identity verification element in two-factor or multifactor authentication…” A new report from Frost & Sullivan projects major growth for the European biometrics market, which is expected to climb from $4.98 billion to $11.5 billion by 2023. Artificial intelligence and machine learning will fuel much of that growth as performance improvements…

Grand View Forecasts $31.82 Billion Speech and Voice Recognition Market

Grand View Forecasts $31.82 Billion Speech and Voice Recognition Market

A new report from Grand View Research predicts that the market for speech and voice recognition tech will hit $31.82 billion by 2025. The rising demand for voice-activated virtual AI assistants is expected to drive much of that growth, leading to a CAGR of 17.2 percent. The banking, automotive, and healthcare sectors are expected to…

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