Technology and Media - Market Research Report

The global   next-generation data storage market   was valued at USD 66.52 billion in 2023 and is projected to reach USD 116.69 billion by 2030, registering a CAGR of 9.8% from 2024 to 2030. Market growth is driven by the rapid adoption of IoT across industries such as retail, healthcare, and manufacturing, along with the rising trend of cloud computing. The increasing digitization of data in both residential and commercial sectors—supported by higher adoption of laptops, smartphones, and tablets—is significantly boosting demand for next-generation data storage solutions. The surge in digital data volumes across industries such as healthcare, retail, and BFSI is further amplifying market growth. To meet this demand, companies are leveraging the scalability, flexibility, and cost-effectiveness of cloud storage, investing in advanced technologies like crystal etching, and integrating Big Data analytics to provide real-time, reliable access. These innovations are particularly val...

The global   narrowband IoT (NB-IoT) market   size was valued at USD 4.16 billion in 2023 and is projected to reach USD 22.75 billion by 2030, expanding at a CAGR of 28.1% from 2024 to 2030. This rapid growth is fueled by the increasing adoption of IoT devices across diverse industries, as NB-IoT technology delivers cost efficiency, extensive coverage, and low power consumption—making it ideal for applications such as smart metering, asset tracking, and smart agriculture. The rising demand for real-time monitoring and analytics in logistics and supply chain management further propels the market, as NB-IoT enables accurate and timely data collection. Advancements in cloud computing, along with the growing need for reliable machine-to-machine (M2M) communications in industrial environments, are also key contributors to this expansion. One of the standout features of NB-IoT is its ability to penetrate deep underground and reach narrow or remote spaces, supporting IoT device deplo...

The global   music streaming market   size was estimated at USD 46.66 billion in 2024 and is projected to reach USD 108.39 billion by 2030, growing at a CAGR of 14.9% from 2025 to 2030. This expansion is primarily fueled by the rising consumption of digital music across multiple devices. The widespread availability of smartphones, improved internet access, and high-speed networks have driven consumers toward platforms like Spotify AB, Apple Inc., and Amazon Music, replacing traditional music media. The appeal of instant access to millions of tracks, customizable playlists, and flexible listening options continues to propel the industry. Subscription-based and freemium models are key to boosting adoption rates, with premium offerings—such as ad-free listening, exclusive content, and enhanced sound quality—encouraging free-tier users to upgrade. This has led to higher retention rates and more consistent revenue streams. Technological advancements, particularly in artificial inte...

The global   no-code AI platform market   size was estimated at USD 3.83 billion in 2023 and is projected to reach USD 24.42 billion by 2030, growing at a robust CAGR of 30.6% from 2024 to 2030. No-code AI platforms, also referred to as AI development platforms, empower users without programming or AI expertise to build and deploy AI solutions. These tools are equally beneficial to AI practitioners and specialists, helping streamline their workflows and extend capabilities. The global expansion of AI enterprises is expected to positively influence the market. With the increasing number of domain experts, the need for efficient collaboration with AI professionals is also rising. No-code AI tools bridge this gap by enabling domain experts to experiment, validate, and communicate their ideas with technical teams effectively. This growing synergy contributes to faster innovation and broader AI adoption across industries. Moreover, the accelerating implementation of AI and machine ...

The global   next generation memory market   size was estimated at USD 7,826.0 million in 2023 and is projected to reach USD 22,942.2 million by 2030, growing at a CAGR of 17.6% from 2024 to 2030. This robust growth is driven by technological advancements in MRAM, ReRAM, and PCRAM, alongside increasing miniaturization and integration with AI and IoT systems. The demand for high-speed, energy-efficient memory solutions is rising, particularly in data-intensive applications, consumer electronics, and the automotive industry. Economic considerations such as cost efficiency, increased R&D spending, and adherence to regulatory standards are influencing market dynamics. Strategic collaborations, innovation, and supply chain capabilities—particularly regarding raw materials and manufacturing—are also contributing to the sector’s expansion. In June 2024, Micron Technology, Inc. introduced its GDDR7 graphics memory, marking a significant advancement in speed, bandwidth, and power e...

The global   red biotechnology market   was valued at USD 546.59 billion in 2024 and is projected to reach USD 997.74 billion by 2030, growing at a compound annual growth rate (CAGR) of 10.5% from 2025 to 2030. The growth is primarily driven by the rising demand for personalized medicine, substantial investments in biotechnology R&D, and significant advancements in genetic research. Red biotechnology encompasses applications such as stem cell therapy, gene therapy, genetic engineering, and the development of innovative drugs and vaccines. It leverages biological organisms to improve human health and support disease resistance, playing a crucial role in the medical and pharmaceutical sectors. One of the prominent trends includes the rising use of genetic engineering and recombinant DNA technology to produce biological drugs, such as therapeutic antibodies, by genetically modified organisms. The market is poised for promising growth throughout the forecast period, marked by ...

  The global voice picking solution market size is estimated to reach USD 6.80 billion by 2030, registering to grow at a CAGR of 15.3% from 2024 to 2030 according to a new report by Grand View Research, Inc. The number of warehouses and distribution centers operating across the world is increasing rapidly in line with the growing online groceries sales; policies, such as next-day delivery, being pursued by retailers; and the subsequent growth of the eCommerce and retail industries. As a result, organizations are aggressively adopting various solutions, such as voice picking solutions, to meet the customers’ requirements. Changing consumer behavior and the growing emphasis on customer satisfaction is also prompting enterprises to opt for a voice picking solution. Companies operating in several industry verticals are implementing some or the other kind of voice picking solution to enhance their warehouse operations. A voice picking solution is particularly used to assist in the picki...

  The U.S. music streaming market size was estimated at USD 12.28 billion in 2023 and is expected to grow at a CAGR of 12.8% from 2024 to 2030. The market is expected to grow due to the growing adoption of digital platforms and the widespread utilization of smart devices that allow users to see music videos and listen to podcasts along with audio files. Attractive features such as personalized song recommendations, automatic playlist customization, and seamless accessibility across various applications and web browsers are offered by these platforms, which is expected to boost the growth of the market. In 2023, the U.S. accounted for over 30% of the music streaming market. Due to the rising adoption of high speed internet connectivity, key companies in the market have started new music services that offer music streams and downloads for music enthusiasts. With the significant speed and data transmission capabilities, companies can provide high-quality music streams for their users....

  The Europe sports betting market size is anticipated to reach USD 65.54 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.9% from 2024 to 2030. The globalization of sports and the integration of international leagues and tournaments into European betting markets have fueled the growth of sports betting. Major sporting events such as the FIFA World Cup, UEFA European Championship, Wimbledon, and the Olympics attract widespread attention and betting interest from European consumers, driving significant betting volumes and revenues for sports betting operators, thus driving the growth of the sports betting market in Europe. The COVID-19 pandemic had a negative impact on the European sports betting market. The cancellation or postponement of sports events during the pandemic restrained the market growth. With major tournaments, leagues, and competitions either suspended or canceled outright, the absence of live spo...

The global warehouse robotics market size is anticipated to reach USD 17.29 billion by 2030, exhibiting a CAGR of 19.6% over the forecast period, according to a new report published by Grand View Research, Inc. The expansion of the e-commerce industry, rising labor costs, and the need for greater efficiency and accuracy in warehouse operations fuel the growth of the market. The e-commerce sector is witnessing remarkable growth due to technological advancements. Technologies like Virtual Reality (VR), Augmented Reality (AR), blockchain technology, Machine Learning (ML), and Artificial Intelligence (AI) are enhancing the shopping experience. Thus, companies seek new methods to enhance operations and logistics while reducing delivery time and costs. Robots offer a smart, cost-efficient alternative to human labor by automating warehouses catering to the increasing need of the e-commerce sector. The robots help companies to maintain employee safety standards and enhance production quality...

  The global telehealth services market size is anticipated to reach USD 291.37 billion by 2030, growing at a CAGR of 30.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing technological advancements in healthcare, the shortfall of healthcare professionals, and supportive government initiatives drive the market demand. Technological advancements in telehealth include the internet, store-and-forward imaging, videoconferencing, streaming media, and wireless and terrestrial communications. Telehealth technologies are altering the way of delivering care to underserved individuals or populations who otherwise experience burdensome travel and hefty expenses to receive specialty care. Moreover, transportation may be an obstacle for patients with chronic diseases; telehealth provides continuous care to such patients overcoming the obstacles of transportation, time, and cost. Health status can be accessed conveniently with the help of technologies suc...

  The global software defined radio market size is estimated to reach USD 47,753.9 million by 2030, registering to grow at a CAGR of 8.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is undergoing substantial growth primarily owing to its inherent advantages in flexibility and adaptability. The ability to reconfigure radio functionality through software updates rather than hardware modifications makes software defined radio (SDR) highly attractive in dynamic industries, including telecommunications and defense. The surge in demand for advanced wireless communication systems, coupled with the increasing prevalence of 5G technology, contributes significantly to market’s expansion. The escalating demand for software defined radio across diverse industries underwent a paradigm shift in wireless communication technologies. The software defined radio’s adaptability and versatility have positioned it as a key enabler in meeting the evolving requireme...

The global satellite data services market size is estimated to reach USD 29.47 billion by 2030, expanding at a CAGR of 16.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising trend of privatizing the space among companies is expected to drive the growth. Extensive privatization is expected to offer satellite imagery adopters with much deeper and valuable spatial imagery insights, thus facilitating more intelligent decision making. Additionally, privatization of space facilitates higher competition amongst companies to develop new space technologies, which is expected to facilitate more rapid growth in the field of space technology. Miniaturization of sensors is envisioned to facilitate the launching of several satellites in a single payload, thus reducing mission costs for imagery adopters and subsequently reducing entry barriers for new imagery providers. The opportunity to map larger areas using several small satellites is further expected to fuel the d...