Parking management market deals with the efficient utilization of parking space and available resources with the help of parking management systems. Parking management systems offers the users to quickly search the parking spots and provide guidance to enhance the visitors experience by making the whole process smooth. Global parking management market is anticipated to rise with a CAGR of about 10.9% during the forecast year 2021-2029. Increasing demand of parking space due to boost in vehicle production and sales along with global focus on seamless traffic flow is promoting immense growth in the market.
The smart speakers market was valued at US$ 4.30 Bn in 2020 and expected to grow at a CAGR of 26.4% during the forecast period from 2020 to 2029. A smart speaker may be defined as a wireless audio playback device that uses several types of connectivity for additional functions. Technically, a speaker capable of anything beyond just emitting sound can be labelled as ‘smart’. What makes smart speakers different from normal speakers is the fact that it comes with special features that facilitates connectivity to multiple types of audio sources, ease of use and provide additional functionality.
The oil & gas analytics software market was valued at US$ 2.34 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 17.5% from 2018 to 2026. Just like other industries, the oil and gas industry needs to understand how big data can be optimally used and what applications are possible.
The global traffic management systems and services market is expected to cross US$ 116.0 Bn by 2026 at a CAGR of 20.5% throughout the forecast period from 2018 to 2026. The most significant factor driving the traffic management systems and services market is the rising traffic congestion worldwide. Increasing population coupled with the rising discretionary income of people worldwide has led to high growth in the overall automobile industry.
The global identity theft protection services market was valued at US$ 8.62 Bn in 2019 expanding at a CAGR of 12.7% from 2020 to 2028. Identity theft is rising at an alarming rate resulting in heavy financial losses to business enterprises as well as individuals. Factor such as rising e-commerce sector, online payment, digitization of government records & IDs has made data privacy and security more vulnerable.
The global automated border control market was valued at US$ 526.7 Mn in 2017 and expected to expand at a CAGR of 18.3% during the forecast period from 2018 to 2026. National borders are strategic transit points and hence demand implementation of highest standards of control for protecting passengers and citizens alike.
Consumer robots have been a part of human life for decades and been used either in the form of personal assistance robots or remotely controlled industrial tools. With technological advancements, robot manufacturers are not just focusing on developing robots for performing household or factory tasks but also for intuitively and seamlessly connecting and interacting with humans.
Video management software (VMS) is a component security camera system, specifically designed for processing, storing and managing signals for more than one camera feed. Video management software is expected to witness robust market growth owing to factors such as an increasing security concerns and escalating demand for high quality video processing.
Enterprise File Sharing & Synchronization (EFSS) Solutions Market Is Projected to Expand At A CAGR Of 25.5% Between 2025 And 2033. Enterprise file sharing and synchronization (EFSS) refers to solutions that allow users to securely store, share and synchronize various media files such as documents, videos, photos and others among people using different devices.
Kiosks have been around in the airline industry over two decades, but with limited application. However, in view of keeping pace with the advancements in the technologies (self service, security, etc.) and need for efficiently managing airline operations has spurred installation of kiosks at airports worldwide.
