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 ...