News Market Insights

Large enterprises and small and medium enterprises (SMEs) across the world are increasingly opting for digital marketing strategies to meet their customized needs, attract more customers, and enhance their profit. In addition, businesses are also adopting next-generation technologies, such as robotics, computer vision, cloud computing, machine learning (ML), artificial intelligence (AI), and the internet of things (IoT), to improve their operations.  Thus, the surge in the use of digital marketing strategies and rapid digital transformation of business entities will accelerate the usage of field force automation solutions worldwide. Besides, the rising deployment of automated salesforce solutions by enterprises for better control of sales operations will help the field force automation market witness a healthy CAGR of 20.9% during 2020–2030.  According to P&S Intelligence, the market was valued at $1,196.9 million in 2019, and it will generate $9,033.0 million revenue by ...

The International Energy Agency (IEA) forecasts that the sale of battery electric vehicles (BEVs) (cars), fuel cell electric vehicles (FCEVs) (cars), and plug-in hybrid electric vehicles (PHEVs) (cars) will rise from 2,008,024 units in 2020 to 14,370,678 units by 2030, 9,601 units in 2020 to 293,176 units by 2030, and 969,034 units in 2020 to 7,761,233 units by 2030, respectively. The soaring electric vehicle (EV) sales, owing to the growing concerns regarding vehicular pollution, will propel the adoption of compressors in the automotive sector, as they are used in tire inflation, air conditioning systems, and painting. Nowadays, variable-frequency drive (VFD) compressors are being preferred over gas-turbine-based compressors due to the reduced downtime, accurate speed and process control, improved productivity, reduced noise, and lower energy costs and capital requirement exhibited by the former. Unlike gas-turbine compressors, VFD compressors do not cause air pollution, as they do no...

Factors such as the increasing funding by various governments and private companies in the field of quantum computing and the surging focus on establishing standards for quantum technology are expected to drive the growth of the quantum computing market at a CAGR of 33.1% during the foreseeable period (2020–2030). According to P&S Intelligence, the market size is projected to reach $1,866.8 million by 2030 from $89.6 million in 2019. Moreover, government organizations and other bodies are offering several initiatives to support and promote the commercialization of quantum computing. Globally, the North American quantum computing market accounted for the largest share in 2019. This is mainly due to the surging investments from government and private organizations to develop quantum computing technology. This leads to its increasing adoption in government, academic, and industrial facilities in the region. Whereas, the European market is projected to record the highest growth rate d...

A number of factors, such as the rise in deployment of electric vehicles (EVs), technological advancements, surge in concerns of air pollution, and developments of EV charging infrastructure, are expected to drive the electric vehicle charging cables market in the foreseeable period (2021–2030). According to P&S Intelligence, the market generated revenue of around $250 billion in 2020, and it is expected to witness significant growth in the coming years. Geographically, the APAC electric vehicle charging cables market accounted for the largest share in 2020, and it is also expected to maintain its lead during the forecast period. This is ascribed to the growth in the EV sector and the introduction of several projects by governments to improve the developments of EV charging infrastructure.  Moreover, China is the major contributor to the regional market growth, followed by South Korea and Japan. The governments of these nations are providing financial and regulatory support to...

Currently, deep learning solution providing companies are focusing on partnerships and acquisitions to cater to the needs of the retail, automotive, manufacturing, healthcare, and BFSI industries. For instance, in July 2017, Alphabet Inc. completed the acquisition of Halli Labs Pvt. Ltd., a provider of machine learning (ML) and deep learning solutions. As per the terms of this agreement, Halli Labs Pvt. Ltd. agreed to join Google's Next Billion Users team to increase the reach of ML and deep learning technologies among its customers. Further, in July 2019, Intel Corporation signed a partnership agreement with Baidu Inc. to jointly work on the Nervana Neural Network Processor (NNP) of the former. With this partnership, both the entities agreed to work on the hardware and software of NNP to ensure the optimization of this processor in the PaddlePaddle deep learning framework of Baidu Inc. Other companies opting for such measures include SAS Institute Inc., Qualcomm Incorporated, IBM ...

These refrigeration systems are available in specialty stores and hypermarkets/supermarkets and can also be bought from online platforms. Owing to the growing internet penetration and ballooning use of smartphones, the sales refrigeration systems from online platforms will shoot up in the upcoming years. This will be because of several benefits associated with shopping from online platforms, such as the ability to view product specifications before buying them and avail discounts. Geographically, the demand for commercial refrigeration equipment will rise sharply in the Asia-Pacific (APAC) region in the years to come. As per the estimates of the market research company, P&S Intelligence, the revenue of the market will rise from $24.6 billion in 2019 to $33.9 billion by 2030. Ice merchandisers and ice vending equipment, cryogenic equipment, vending machines, liquid chillers, beverage refrigeration equipment, display showcases, and walk-in coolers are the most commonly used types of...

The global data center colocation market value stood at $42.1 billion in 2019, and it is predicted to rise at a CAGR of 14.8% from 2020 to 2030 (forecast period). The market is being propelled by the creation of large volumes of data, growing use of cloud on-ramp, the financial and disaster mitigation benefits associated with data colocation, and extremely high maintenance costs of private data centers. Moreover, the data colocation model enables enterprises to rent the space and bandwidth of a data center for storing its information technology (IT) hardware, servers, and data. The high maintenance costs of private data centers is one of the major data center colocation market growth drivers. With rapid digitization and surging adoption of internet of things (IoT) and artificial intelligence (AI), large volumes of data are being generated, which must be cost-effectively and efficiently managed and securely stored. The construction of a private storage facility can cost $200 per square...