Technology and Media - Market Research Report

  B2C E-commerce Industry Overview The global B2C e-commerce market size was valued at USD 3.67 trillion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration. The increasing technological adoption accompanied by the easy availability of smartphones has enabled the e-commerce sector to be more reachable and efficient. The increasing use of social networks is further driving the demand for online purchasing of various products and services. The market is expected to witness high growth over the forecast period mainly due to growing digital dependency and the convenience of shopping on online platforms. It has evolved amid a busy lifestyle and an overabundance of options available to shop from the comfort of home. Convenience is the major factor driving the growth of the overall online shopping industry. Customers ...

  Application Server Industry Overview The global application server market size was valued at USD 15.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.2% from 2021 to 2028. The COVID-19 pandemic has moderately triggered market growth, owing to the fall in end-users spending on new servers and changes in demand from various groups of IT buyers globally. Application servers leverage the latest software delivery models, evolving methodologies for developing mobile applications, and open-source software to ensure an optimal experience while running various apps on smartphones and tablets and accessing various cloud-based applications. The growing preference for using mobile apps in line with the proliferation of smartphones and the continued rollout of high-speed internet networks are expected to drive the growth. Rapid improvements in mobile device technologies and wireless networks have opened immense opportunities for expanding the scope o...

  Household Cooking Appliance Industry Overview The global household cooking appliance market size was valued at USD 261.22 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The increasing number of nuclear families, changing food habits, and the growing number of working women and single professionals are expected to drive the growth of the market over the forecast period. Stringent energy efficiency regulations applicable in different parts of the world, easy availability of household kitchen appliances on e-commerce websites, growing preference for home automation, and continued launches of smart cooking products are expected to contribute to the growth. The rising need to reduce human intervention and automate cooking has triggered several innovations in household cooking appliances. As such, manufacturers are typically retaining the original mechanisms and integrating the latest technologies into the modern appliance...

  Pay TV Industry Overview The global pay TV market size was valued at USD 230.68 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) exceeding 1.7% from 2021 to 2028. The emerging demand amongst consumers to leverage better quality content with high picture resolution is offering promising growth opportunities to the market. One of the primary growth drivers of the market is the ability to access high-quality content from different service providers on a single platform at affordable prices. Moreover, pay TV service providers now offer several value-added services such as customizable channel subscriptions, reduced subscription rates, internet connectivity, and bundled packages according to the users’ needs and demands, thus offering profit generation opportunities to service providers. Gather more insights about the market drivers, restrains and growth of the Global Pay TV market Service providers have started adopting integrated broadband broadc...

  Dehumidifier Industry Overview The global dehumidifier market size was valued at USD 3.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. The strong emphasis households are putting on controlling the moisture content in the ambient air to prevent any growth of bacteria and mold, which can pose health risks, is expected to drive the growth of the market over the forecast period. The eminent need to maintain appropriate moisture levels in industrial environments to control the quality of the production is expected to contribute to the growth. Continued industrialization and the growing need for energy-efficient products also bode well for the growth of the market. The U.S. market is expected to register significant growth over the forecast period. Consumers in the U.S. are giving a high preference for healthier indoor environments. As a result, the demand for advanced portable dehumidifiers with automatic temperature and...

  Roaming Tariff Industry Overview The global roaming tariff market size was valued at USD 70.76 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. The rising number of mobile phone subscribers, international tourism, and government regulations are the significant factors expected to influence market growth. The advent and adoption of 5G are anticipated to be the primary growth driver in the coming years. In addition, network service providers are rolling out special roaming packages that provide cost-effective solutions to their users. Such solutions are expected to benefit the service providers as well as the subscribers, thereby resulting in market growth. The spread of COVID-19 in 2020 adversely affected the market, mainly due to international travel restrictions. These international travel restrictions and lockdown imposed across several countries resulted in a shortfall in international roaming revenue in 2020. This tr...

  Contactless Payment Industry The global contactless payment market size was valued at USD 1.34 trillion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 20.3% from 2021 to 2028. The growth can be attributed to the increasing adoption of digital payment platforms across the globe. Nowadays, customers are focusing on making seamless payments for many of their daily transactions. Moreover, increasing expectations for secure and integrated ways to pay for any service or product are expected to drive market growth. The growing convenience of the low-value payment offered by contactless payment solutions is anticipated to propel market growth. Cardholders are encouraged to use these solutions by advertising campaigns that highlight the convenience and speed of contactless payment. These solutions are widely deployed by merchant outlets that sell low‑value products such as snacks and drinks. Moreover, card issuers are increasingly adding contactless functi...

  High-k And CVD ALD Metal Precursors Industry Overview The global high-k and CVD ALD metal precursors market size was valued at USD 482.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The growth of the market can be attributed to the low thermal stability of metal-organic composites. Extensive R&D activities by key companies are expected to improve copper metallization processes, are anticipated to accelerate the demand for deposition of first-row metal films (conducting) and dielectric (insulating) precursors onto microelectronic devices. In 2020, the COVID-19 pandemic negatively impacted several industries across the world, including the high-k and ALD/CVD metal precursors market. Therefore, responding to the COVID-19 pandemic remained the major challenge for most semiconductor industry players in 2020. Most of the manufacturing plants across the world were closed or shut down due to the COVID-19-induced lockdo...

  Server Industry Overview The global server market size was valued at USD 83.66 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2021 to 2028. A server is a physical and virtual centralized database used to store and share information across multiple computers connected across a network. The growing number of new data centers globally is one of the key factors expected to fuel market growth. Several cloud service providers and industries, such as IT and telecom, healthcare, BFSI, and government and defense, are engaged in upgrading their servers to manage the continuously rising volume of data. The upgradation of the IT infrastructure provides enhanced security, storage, and processing speeds for managing higher data volumes. The COVID-19 pandemic has caused a minor dent in the sales of servers, thereby affecting the market growth. However, amid the lockdowns announced by several governments globally, numerous organizations have adop...

  Set Top Box Industry Overview The global set top box market size was estimated at 22.57 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of more than 3.2% from 2021 to 2028. The rising internet and broadband penetration and the growing preference for HD channels and on-demand video services are the factors expected to drive the market growth. Transitions across the digital TV arena have played a vital role in transforming the customers’ attitude towards the consumption of media content over the internet and television. A significant surge in the viewership across OTT platforms, such as Amazon Prime Video, Hulu, Disney+ Hotstar, and Netflix, is also expected to contribute to high revenue generation over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Set Top Box market With an increase in disposable income and the progressing middle-class population, the demand for media-rich home entertain...

  Unified Communication As A Service Industry Overview The global unified communication as a service market size was valued at USD 38.74 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 23.6% from 2021 to 2028. The outbreak of COVID-19 is compelling enterprises to adopt a hybrid business model. As a result, enterprises are particularly consolidating multiple communication features and enabling cross-functioning to ensure efficient collaboration. The growing number of employees working from home is also prompting companies to implement UCaaS (Unified Communication as a Service) solutions. Companies are also adopting UCaaS platforms and tools as the outbreak of the COVID-19 pandemic prompts them to reevaluate their operational costs and protect their margins amid dwindling revenues. Gather more insights about the market drivers, restrains and growth of the Global Unified Communication As A Service market The latest technologies such as Artifici...

  Software Consulting Industry Overview The global software consulting market size was valued at USD 218.60 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.0% from 2021 to 2028. The growing preference for digitalization of business processes across industries and verticals is driving the market growth, primarily for the efficient implementation of software into the IT set up of an enterprise. However, numerous industries are facing significant ramifications and complications across critical processes owing to the Covid-19 pandemic and global economic slowdown. While the market witnessed significant growth over the last few years owing to digitalization and penetration of technology, the pandemic has pushed several economies to the edge of recession. This, in turn, is leading to numerous consulting clients delaying their projects, reducing project scope to reduce costs, or canceling these projects altogether. The cancellation of multiple client...

  Facial Recognition Industry Overview The global facial recognition market size was valued at USD 3.86 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.4% from 2021 to 2028. Technology is improving, evolving, and expanding at an explosive rate. Technologies such as biometrics are extensively used in order to enhance security. These are used across various applications, such as access control, attendance tracking, security and surveillance, and others. Biometrics are universal, unique, and measurable and thus can be used to provide security solutions. There are various types of biometrics used today, such as fingerprint, iris recognition, face recognition, speech recognition, and others. Facial recognition technology is a type of image recognition technology that has gained wide acceptance over the years. This technology leverages a connected or digital camera to detect faces in the captured images and then quantify the features of the image ...