Technology and Media - Market Research Report

In 2022, the global   operational technology security market   was valued at USD 16.32 billion and is forecast to rise to USD 61.50 billion by 2030, representing a compound annual growth rate (CAGR) of 18.2% from 2023 to 2030. This rapid expansion is being driven by the increasing digitization and connectivity of industrial control systems—including those underpinning critical infrastructure like power grids and manufacturing sectors. The driving forces behind this upward trajectory include: Growing risks associated with cyber threats as IT and OT (operational technology) systems converge. Expanding digital transformation initiatives across industries. Increasing regulatory mandates that compel organizations to enhance their OT security postures. The proliferation of technologies like cloud computing, AI, and the Internet of Things (IoT) within industrial environments. For example, a recent maturity diagnostic offering was launched to assess OT security using recognized cybers...

The global   operational technology (OT) market   is estimated at USD 210.06 billion in 2024 and is projected to reach USD 364.74 billion by 2030. This equates to a solid compound annual growth rate (CAGR) of 9.6% during 2025–2030. The expanding relevance of OT is driven by its critical role in controlling and optimizing essential infrastructure such as power generation, water treatment, and manufacturing facilities. Real-time monitoring, data analytics, and process automation are central to its rising importance across industries. Key Market Trends & Insights In 2024, North America emerged as the leader in the global OT market, commanding over 36% of total revenue. The U.S. market, in particular, is expected to see notable growth through the forecast period, spurred by reshoring of manufacturing and modernization efforts across energy systems. By component, Computer Numerical Control (CNC) systems dominated in 2024, accounting for over one-third (33%) of global revenue. W...

In 2024, the global   operating room integration market   is valued at approximately USD 2.12 billion. This market is poised to nearly double, reaching USD 4.06 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 11.5% over the period. Growth is propelled by the rising demand for advanced technological solutions, an expanding volume of surgical procedures, overcrowding in operating rooms, heightened concerns around patient safety, and a marked shift toward minimally invasive surgeries. North America holds the largest share of the market, driven by high technology adoption and favorable regulatory developments. Key Market Trends & Insights One prominent trend is the dominance of the software segment, which accounted for the largest revenue share—valued at approximately 54.59%—in 2024. Alongside software, documentation management systems, categorized under device type, led the market with a share of 35.86%. By application, general surgery emerged as th...

In 2024, the global   Open RAN market   was estimated at USD 4.51 billion. It is on track to expand sharply to USD 20.41 billion by 2030, reflecting an impressive compound annual growth rate of 25.6% between 2025 and 2030. Open RAN—standing for open radio access network—is a nonproprietary architecture that enables interoperability across cellular network hardware and software from multiple vendors. Key Market Trends & Insights The North American region led the Open RAN market in 2024, accounting for 41.2% of global share. The U.S. emerged as the dominant national market within this space Among the different components, hardware held the largest slice with 46.89% of revenues in 2024 In terms of units, radio units represented the most significant segment. Deployment-wise, hybrid cloud solutions dominated Open RAN implementations in 2024 Market Size & Forecast 2024 Market Size: USD 4.51 billion Projected 2030 Market Size: USD 20.41 billion CAGR (2025–2030): 25.6% Region-...

The global   noise, vibration, and harshness (NVH) testing market   size was valued at USD 2.37 billion in 2023 and is projected to reach USD 3.55 billion by 2030, expanding at a CAGR of 6.2% from 2024 to 2030. The growth of this market is driven by the increasing need to meet noise and vibration standards, ensure regulatory compliance, and address consumer expectations for comfort and product quality. NVH testing is a structured process designed to measure and analyze the noise, vibration, and harshness characteristics of a product or system. Its objective is to identify and minimize unwanted sounds and vibrations that can affect performance, comfort, safety, and overall user perception. NVH testing provides industries with significant benefits, including enhanced product quality, improved comfort, and ensured compliance with safety and regulatory standards. Reducing vibrations can lower mechanical wear and tear, extending product life, while reduced noise levels improve user...

The global   no-code AI platform market   size was valued at USD 3.83 billion in 2023 and is projected to reach USD 24.42 billion by 2030, expanding at a CAGR of 30.6% from 2024 to 2030. No-code AI platforms, also known as AI development platforms, empower non-programmers and non-AI experts with tools to implement AI projects. These platforms are also widely utilized by AI practitioners and specialists to enhance their initiatives. The increasing number of AI enterprises across the globe is expected to positively influence market growth. As the pool of domain experts expands, the need to bridge the gap between them and AI specialists has become crucial. With their deep expertise, AI specialists help domain experts overcome technology-related challenges, while no-code AI tools allow domain experts to better communicate and experiment with AI-driven solutions. Additionally, the rapid evolution and widespread adoption of AI and machine learning technologies are fueling market exp...

The global   network functions virtualization (NFV) market   size was valued at USD 19.95 billion in 2021 and is projected to reach USD 167.03 billion by 2030, expanding at a CAGR of 26.9% from 2022 to 2030. The market’s growth is primarily driven by the increasing need for efficient and cost-effective network management systems, the rising adoption of telecom equipment and services across commercial and data center applications, the rapid pace of network automation and virtualization adoption, as well as the expansion of server virtualization, cloud services, and data center consolidation. As networks continue to grow in complexity, the rising demand for cloud-based services, IoT deployments, security agility, and cloud migration is fueling the adoption of network virtualization and automation. The growing requirement for advanced network management systems also acts as a significant catalyst. However, the market faces challenges such as heightened network security risks in N...

  The global   network engineering services market   size was valued at USD 44.09 billion in 2022 and is projected to reach USD 76.98 billion by 2030, expanding at a CAGR of 7.5% from 2023 to 2030. This growth is primarily driven by the rising need for business digitalization and the increasing penetration of the internet worldwide. Computer and telecom networks play a vital role in enabling businesses to rapidly adopt innovative business models. As connectivity and network performance underpin digital transformation, network engineering service providers deliver both professional and managed solutions to help enterprises design, deploy, and monitor robust network systems. With networks becoming more complex and continuously evolving, businesses are increasingly adopting network engineering services to support virtualization and automation, ensuring agility and adaptability. The adoption of technologies such as Network Functions Virtualization (NFV) and Software-Defined N...

The global   multiple myeloma therapeutics market   size was valued at USD 20.87 billion in 2023 and is projected to reach USD 30.30 billion by 2030, expanding at a CAGR of 5.5% from 2024 to 2030. This growth is driven by continuous research and development activities by leading pharmaceutical companies, increasing regulatory approvals, and the launch of new therapies and treatment options. Rising awareness of disease symptoms and advancements in diagnostic capabilities have led to a higher number of patients being diagnosed with multiple myeloma. According to the World Health Organization, nearly 35 million new cancer cases are projected by 2050. While multiple myeloma is categorized as a rare cancer, it represents a significant number of global cases. Increasing awareness and improved diagnostics are fueling the demand for advanced and innovative therapies. Novel therapies in the pipeline and ongoing R&D initiatives from pharmaceutical companies are expected to play a cr...

The global   milking robots market   size was estimated at USD 3.07 billion in 2023 and is projected to reach USD 6.32 billion by 2030, growing at a CAGR of 10.9% from 2024 to 2030. Key drivers include technological advancements, rising adoption of automatic milking solutions, and increasing labor costs. Automatic milking systems are playing a crucial role in modern farm management by improving productivity, maximizing milk output, and delivering strong economic benefits. The adoption of advanced technologies and automation in dairy farming has enhanced efficiency while reducing waste and resource usage. By automating conventional milking tasks, farms are achieving higher operational efficiency with reduced labor dependency, thereby minimizing costs and improving output quality. Robotic milking systems not only reduce the reliance on human labor but also ensure consistency, reliability, and improved cow health. With labor shortages affecting multiple regions, these systems pro...

The global   mobile gaming market   size was valued at USD 139.38 billion in 2024 and is projected to reach USD 256.19 billion by 2030, expanding at a CAGR of 10.2% from 2025 to 2030. The rapid increase in global smartphone penetration continues to serve as the driving force behind the exponential growth of the mobile gaming industry. Affordable smartphones combined with enhanced processing capabilities have democratized gaming, enabling wider accessibility and deeper engagement across demographics. In emerging economies, where traditional gaming consoles and PCs are less accessible, mobile devices serve as the primary gaming platform. This accessibility has driven a surge in downloads, higher user engagement, and frequent in-game purchases, fueling a strong monetization ecosystem. Expanding smartphone adoption in developing regions is expected to further broaden the user base, solidifying mobile gaming’s role as a dominant force in global entertainment. The free-to-play (F2P)...

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...