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Compound Annual Growth Rate (CAGR) stories

SMT market to reach USD$16.8 billion by 2034 – FMI
Unified Communications

SMT market to reach USD$16.8 billion by 2034 – FMI

The surface mount technology market is set to soar, driven by advances in electronics, healthcare, telecom, and automotive sectors.

By Shannon Williams • 4 min read • Wed, 19th Jun 2024
APAC tech spending to surge to USD $710 billion in 2024
Artificial Intelligence

APAC tech spending to surge to USD $710 billion in 2024

Tech spending in APAC is set to rise by 6.4%, totalling USD $710 billion in 2024, driven by AI and cloud tech. Key players like China, India, and Australia are leading this growth.

By Sean Mitchell • 3 min read • Tue, 18th Jun 2024
Global HealthTech market projected to reach USD $33.1 billion by 2034
Artificial Intelligence

Global HealthTech market projected to reach USD $33.1 billion by 2034

The HTM market, valued at USD $8.2 billion in 2024, is predicted to hit USD $33.1 billion by 2034, driven by advances in medical tech and efficient equipment management.

By Sean Mitchell • 3 min read • Tue, 18th Jun 2024
IoT logistics market to reach USD $125.9 billion by 2031
Drones

IoT logistics market to reach USD $125.9 billion by 2031

The IoT logistics market is forecast to soar, reaching USD $125.9 billion by 2031, driven by advancements in real-time tracking, predictive maintenance, and supply chain optimisation.

By Sean Mitchell • 4 min read • Thu, 6th Jun 2024
Neat launches Neat Center in Australia & New Zealand
Unified Communications

Neat launches Neat Center in Australia & New Zealand

Norwegian firm Neat launches its Neat Center in Australia and New Zealand, as hybrid work fuels demand for advanced video conferencing tech priced at USD $2,290.

By Sean Mitchell • 3 min read • Thu, 6th Jun 2024
Colt announces expansion strategy into six new Asian markets
Network Infrastructure

Colt announces expansion strategy into six new Asian markets

Colt Technology Services is set to invest EUR €100 million to expand into six Asian markets, aimed at boosting digital infrastructure and cloud adoption in the APAC region.

By Catherine Knowles • 3 min read • Thu, 6th Jun 2024
AI smartphones set to transform mobile industry by 2028
Data Privacy

AI smartphones set to transform mobile industry by 2028

AI-capable smartphones are set to transform the mobile industry, with 54% expected to integrate AI by 2028, driving new competitive and revenue strategies.

By Kaleah Salmon • 3 min read • Wed, 29th May 2024
AI in media & entertainment market to reach USD $51.37 billion
Data Analytics

AI in media & entertainment market to reach USD $51.37 billion

The artificial intelligence in media and entertainment market is set to rise from USD $10.24 billion in 2024 to USD $51.37 billion by 2034, driven by a 17.5% CAGR.

By Kaleah Salmon • 4 min read • Wed, 29th May 2024
Westcon-Comstor reports 8% revenue rise to USD $3.69 billion
Cybersecurity

Westcon-Comstor reports 8% revenue rise to USD $3.69 billion

Westcon-Comstor reports an 8% revenue increase to USD $3.69 billion for FY24, driven by recurring revenues and growth in cybersecurity and networking sectors.

By Kaleah Salmon • 3 min read • Tue, 28th May 2024
Unified communications market to expand to USD $187.6 billion by 2031
Unified Communications

Unified communications market to expand to USD $187.6 billion by 2031

New research reveals the global unified communications market will soar from USD $48.1B in 2021 to USD $187.6B by 2031, driven by digital transformation and remote work trends.

By Kaleah Salmon • 3 min read • Tue, 21st May 2024
AI set to revolutionise the pharma & biotech industries
Data Analytics

AI set to revolutionise the pharma & biotech industries

A new report forecasts AI in pharma and biotech markets to surge from US$ 1.8 billion in 2023 to US$ 13.1 billion by 2034, driven by an 18.8% CAGR.

By Shannon Williams • 3 min read • Fri, 17th May 2024
Digital last-mile platform market forecast to reach $21.7B
Supply Chain

Digital last-mile platform market forecast to reach $21.7B

The Digital Last-Mile Platform Market is set to soar, growing from $6.4 Bn in 2022 to an estimated $21.7 Bn by 2031, driven by eCommerce expansion.

By Sean Mitchell • 2 min read • Thu, 16th May 2024
Network access control market predict strong growth by 2032
Network Infrastructure

Network access control market predict strong growth by 2032

DataHorizzon Research predicts a surge in the Network Access Control Market from USD $2.9 billion in 2023 to USD $14.5 billion by 2032, fuelled by rising cybercrime and increasing network security concerns.

By Kaleah Salmon • 3 min read • Wed, 1st May 2024
Chatbot market set to surge to $4.9 billion by 2033 says FMI
Unified Communications

Chatbot market set to surge to $4.9 billion by 2033 says FMI

Chatbot market set to surge, projecting USD $4.9 billion growth by 2033, fuelled by customer engagement focus and widespread industrial adoption.

By Tom Raynel • 3 min read • Mon, 22nd Apr 2024
Cellular IoT module market set to rebound in 2024 after 2023 dip
Edge Computing

Cellular IoT module market set to rebound in 2024 after 2023 dip

Despite a 16% drop in cellular IoT module and chipset shipments in 2023, the market is expected to recover by 2024, driven by rising uptake of AI-enabled cellular IoT modules, finds a new report.

By Sean Mitchell • 3 min read • Wed, 17th Apr 2024

Stories from Other Regions

Compound Annual Growth Rate (CAGR) stories

Unified Commerce Benchmark study highlights retail leaders in Singapore
Customer Experience

Unified Commerce Benchmark study highlights retail leaders in Singapore

Manhattan Associates' Unified Commerce Benchmark for Specialty Retail unveils key findings from Singapore's retail sector, spotlighting leaders like Nike, Adidas, and Dior.

By Imee Dequito • 4 min read • Thu, 20th Jun 2024
Sapro-Tech forms strategic partnership with top NZ fashion firms
Clean technologies

Sapro-Tech forms strategic partnership with top NZ fashion firms

NZ firm Sapro-Tech forms strategic alliances with leading fashion brands SABEN, taylor, Velvet Heartbeat, and YY NATION, promoting sustainable materials derived from fungi.

By Tom Raynel • 3 min read • Tue, 16th Apr 2024