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The advent of the internet of things (IoT) and machine to machine (M2M) technologies will also help the optical networking and communication market progress at a CAGR of 6.2% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $16.9 billion in 2019, and it will generate $32.8 billion revenue by 2030. Largescale adoption of these technologies in connected devices and data-intensive applications requires a robust network capacity, which can be achieved through the deployment of optical networking and communication components. In the coming years, telecommunication firms will emerge as the largest user of such components due to the rising internet and smartphone penetration and increasing use of social media platforms. Multimode and single-mode optical fibers, optical filters, optical amplifiers, optical aggregators, optical circulators, optical switches, optical splitters, and optical transceivers used in the commercial, cloud and data cent

Factors such as the increasing use of the computer-aided design (CAD) software in the packaging sector and the surging production of quality components and products in the automotive industry are expected to drive the U.S. CAD software market at a CAGR of 5.7% during 2020–2030. According to P&S Intelligence, the market was valued at $2,458.6 million in 2020, and it will generate $4,271.5 million revenue by 2030. As vehicle owners are generating an extensive demand for quality parts, automakers are using advanced CAD-enabled tools for product designing and development. The increasing use of the CAD software in the packaging sector is one of the primary growth drivers for the market. Packaging machinery is used for product filling, labeling, wrapping, and strapping. Over the years, packaging machines have become more complex, owing to which designers and engineers are increasingly adopting the CAD software to meet the mechatronic engineering challenges, as it allows unconventional mo

With the increasing prevalence of chronic diseases and the surging population of geriatric people, the adoption of advanced technologies in the healthcare industry is soaring. This is subsequently resulting in the adoption of the internet of things (IoT) in medical devices. Moreover, the escalating use of advanced medical devices such as wearable electronics, is reducing the cost of healthcare and improving patient outcomes.  For instance, medical devices such as insulin pumps and cardiac monitoring systems are being increasingly incorporated with IoT, as this technology enables the remote monitoring of patients. As micro batteries help medical device manufacturers reduce the size of their offerings, they are being increasingly incorporated in IoT-integrated devices.  Because of this reason, the growing popularity of IoT-integrated devices is driving the sales of micro batteries around the world. Besides this, the soaring utilization of smart meters is also creating lucrative growth o

In the preceding years, the North American region was the dominant user of ESLs, primarily on account of the largescale adoption of this technology among the expansive chains of retail stores, such as Wal-Mart. Additionally, the presence of favorable government initiatives facilitating the integration of automated products and encouraging technological developments across the retail sector also propels the adoption of ESLs in the U.S. and Canada.  Owing to these reasons, North America will retain its dominant position in the upcoming years as well. Whereas, the European electronic shelf label market is expected to exhibit the fastest growth throughout the forecast period, owing to the existence of a strong retail sector and the existence of eminent market players in the region.  Moreover, the extensive labor cost in European nations will also boost the demand for ESLs in stores and warehouses in the region. The large-scale adoption of ESLs in retail outlets and warehouses helps retail

For much of 2020, people weren’t allowed to step out for non-essential purposes, and the traditional entertainment industry, comprising movies and TV series, was almost completely shut down. This led to the explosion of the visitor rate on entertainment websites, such as Amazon Prime Video, YouTube, Netflix, Hulu, Disney+, Hotstar, and Peacock.  This fueled the production of over-the-air movies and TV series, which has driven the demand for music composing software. Similarly, due to the closing down of schools, the online education sector and companies including Byju’s, Extramarks, Dexler, EdX, and Coursera, and, in turn, the music composing software market is witnessing rapid growth.  EdTech combines the traditional way of teaching by a human with innovative and easy-to-understand graphics and accompanying music, to make concepts clearer. Moreover, a lot of schools have also developed their online education platforms or have tied up with EdTech companies to offer smart classes to chi

The easy availability of e-cigarettes on multiple distribution channels will, therefore, help the e-cigarette market witness a CAGR of 9.2% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will surge from $15.7 billion in 2019 to $39.0 billion by 2030. In recent years, the acceptance of vaping devices has significantly increased due to the rising awareness regarding environmental and human health.  With the growing public awareness, many governments have imposed a complete ban on smoking in several public spaces. Infused and heat-not-burn t-vapor, vape mod, rechargeable and disposable cig-a-like, and closed system and open tank vaporizer are the different types of e-cigarettes available for the male and female population of the world. In the preceding years, vaporizers were adopted in the highest quantity due to their low cost and dense aerosol production.  Moreover, vaporizers can be used with a wide range of flavors, owing to which users p