Technology and Media - Market Research Report

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...

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 ...