Technology and Media - Market Research Report

  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...

 The global video production market size is estimated to reach USD 746.88 billion by 2030, registering a CAGR of 33.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Videos have become a dominant form of content across various platforms, including social media, streaming services, and e-commerce. This has led to a surge in the demand for high-quality video production services. Video content continues to dominate the digital landscape as consumers prefer watching videos over other forms of media. This trend is driven by the engaging nature of videos, which can convey information more effectively and emotionally than text or images. Many businesses use video content for product demos and tutorials. For instance, companies like Apple Inc. regularly release videos showcasing new product features, driving customer interest and engagement. Furthermore, brands and businesses increasingly leverage User-Generated Content (UGC) in their marketing efforts. Video pr...

 The global LiDAR market size is expected to reach USD 4.71 billion by 2030, registering to grow at a CAGR of 9.5% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market growth is attributable to the rising adoption of LiDAR technology in environmental mapping, automobile safety application arenas, and construction and architectural sectors for monitoring 3D-modeling applications, among others. As this technology is one of the key sensing technologies for enabling hybrid and fully autonomous driving, the rapid development of self-driving vehicles is expected to propel market growth. Various organizations are focusing on enhancing their LiDAR technology to provide improved safe driving car technologies. For instance, in January 2022, Cepton, a US-based developer and manufacturer of LiDAR products, selected OSRAM's 905 nm edge-emitting lasers to combine high optical output power with low-power consumption light detection and ranging systems for providing...

  The global AI in cybersecurity market size is expected to reach USD 93.75 billion by 2030, registering a CAGR of 24.4% from 2025 to 2030, as per the new report by Grand View Research, Inc. An unprecedented spike in cyber incidents has fostered the demand for artificial intelligence (AI), cloud, and machine learning (ML) for seamless operations, data safety, and prompt response to cyber threats. Some factors, such as high internet penetration, growing footfall of connected devices, and escalating data protection concerns, have triggered the need for advanced cybersecurity solutions. AI in cybersecurity has leveraged a faster response to breaches and propelled the efficiency of cyber analysts. AI is sought for vulnerability management, threat hunting, and boosting network security. In doing so, emphasis on natural language processing (NLP), ML, deep learning (DL), and neural networks could gain ground during the assessment period. For instance, DL has become trendier in tracking tr...

The global reverse logistics market size is projected to reach USD 1,450.17 billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. One of the key factors contributing to the growth of the reverse logistics industry is the strict government regulations for product quality. One of the biggest threats faced by organizations is the risk associated with the quality of products. In addition to posing a serious threat to consumer safety, defective products can severely harm the organization's reputation and goodwill. According to the National Retail Federation, 10% of overall online purchases were returned by customers in 2018 in the U.S. Over the past decade, the return of products has increased significantly. A purchase made online is returned three times more frequently than one purchased in a physical store due to digital problems, customer behaviors, and evolving business models exclusive to e-commerce. The increasing use ...

  The global gaming peripheral market size is anticipated to reach USD 11,545.6 million by 2030, growing at a CAGR of 11.0% from 2025 to 2030, according to a new report published by Grand View Research, Inc. The rising popularity of online gaming and esports fuels the demand for keyboards, gaming mice, controllers, and headsets among regular and professional gamers. Professional players seek advanced gaming peripherals to improve their gaming experience and gain a competitive edge. Rising demand for realistic and immersive gaming experiences has enabled numerous growth opportunities for body sensors, peripheral devices, and high-quality gaming consoles. Introducing innovative gaming peripherals such as haptic gloves, high-definition displays, VR cameras and headsets, chairs, and controllers helps gamers enhance their gaming experience. For instance, in August 2023, Razer Inc. launched the Razer Kitsune, its first-ever all-button optical arcade controller, specifically designed to t...

The global broadcasting and cable TV market size is anticipated to reach USD 449.91 billion by 2030 and is expected to expand at a CAGR of 4.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The combination of Virtual Reality (VR) and Augmented Reality (AR) in broadcasting technology provides significant growth prospects to the market. AR and VR technology empowers users to experience an enhanced quality of content through computer-generated infographics. The incorporation of this technology in broadcasting technology permits content creators to replicate scenarios and showcase content in a more visually appealing and interactive manner. The production of such eye-pleasing content offers many opportunities for higher profits and is cost-effective as compared to the other types of content. The introduction of the 5G delivery system provides substantial growth prospects to the broadcasting and cable TV industry. The development of the market can be attributed t...

The global social networking app market is expected to reach USD 310.37 billion by 2030, growing at a CAGR of 26.2% from 2023 to 2030, according to the new report by Grand View Research, Inc. The market growth is attributable to the growing demand for digital marketing services across the globe. Rapidly growing demand for inbound marketing strategies in emerging economies such as China and India is bolstering business growth. Additionally, the digital revolution across the world is supplementing market growth. Moreover, the surge in the adoption of live streaming-based content apps in North America is propelling market growth. According to Pew Research Center, 68% of U.S. users are accessing Facebook through their mobiles. Rising demand for paid advertising services in the U.K. is anticipated to boost market growth. Social media is an excessive catalyst to drive the website of personal business. Key players are focusing to provide text-to-speech features for social networking apps. The...

  The global roaming tariff market size is expected to reach USD 113.41 billion by 2030, expanding at 6.0% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. The increasing adoption of high-end mobile devices enabled with 3G, and 4G networking capabilities are expected to drive market growth. Similarly, the emergence of 5G is also anticipated to power the growth of the roaming tariff industry. High competition among key players in the roaming tariff industry has resulted in companies introducing international roaming packages to maintain their customer base. The companies are doing this to restrict customers from switching from one service provider to another due to price differentiation. These factors are expected to fuel market growth. Roaming enables users to use their mobile devices outside the pre-defined geographical coverage. Roaming tariffs are the extra charges roamers pay when they utilize a foreign network. These additional charges are paid for...

  The global payment processing solutions market size is expected to reach USD 139.90 billion by 2030, registering a CAGR of 14.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing cashless economy initiatives undertaken by several governments across the globe. With such cashless economy initiatives, the adoption of digital payments has increased, which has created a demand for payment processing solutions. The increasing e-commerce and online shopping trends across the globe are the major factors driving the growth of the payment processing solution industry. According to OptinMonster, in 2019, almost 93.5% of global internet users purchased products online. In addition, the increasing digitalization across several industries to lower operational costs and expand the boundaries of the business bode well with the market’s growth. Gather more insights about the market drivers, restrains and growth of the  Globa...