The global mobile and wireless backhaul market is estimated to grow at a CAGR of 14% during the forecast period of 2022 to 2030. The rising demand of connected devices is expected to inject huge growth in the global mobile and wireless backhaul market. Moreover, according to the Institute of Electrical and Electronics Engineers the number of connected device is expected to be around 50 billion by the year 2021.
In recent years, the market for machine learning has expanded significantly due to the increasing adoption of artificial intelligence (AI) technologies across various industries. The subset of AI known as machine learning enables computers to learn from data and make intelligent decisions without being explicitly programmed. It entails the creation of algorithms and models capable of analyzing and interpreting immense amounts of data to reveal patterns, trends, and insights.
In recent years, the low power wide area network (LPWANN) market has expanded significantly due to the increasing adoption of IoT (Internet of Things) devices and the demand for cost-effective, long-range communication solutions. LPWAN technologies offer low-power, wide-area connectivity, allowing devices to transmit data over great distances while utilizing minimal energy. This makes LPWAN networks suitable for battery-intensive applications, including smart meters, asset tracking, environmental monitoring, and industrial automation.
The global Learning Management System Market is anticipated to grow at a CAGR of 24.11% in the forecasted period of 2021 to 2029. Due to rising adoption of digital learning incorporates and academics, emphasizing on continuous learning and merging of learners and trainers are the key drivers which accelerate the market of learning management system, globally.
The optical transport network (OTN) market is anticipated to grow at a CAGR of 11.6% between 2024 and 2032, propelled by the rising demand for high-speed data transmission and the emergence of bandwidth-intensive applications. OTN refers to a set of technologies and standards that enable the efficient transit of large data volumes over optical fibers. The growing adoption of cloud computing, video streaming, and Internet of Things (IoT) applications has caused a surge in data traffic, putting enormous pressure on existing network infrastructures.
Global SDN Orchestration market is estimated to grow at a exponential CAGR of 51% during forecast period (2023-2030). Software Defined Networking (SDN) orchestration is defined as a controller within an SDN that manages the activities of the network instead of the hardware that support the network.
The accelerated growth of the smart cities market is fueled by the increasing adoption of advanced technologies to transform urban infrastructure and enhance the quality of life for residents. Smart cities employ diverse interconnected technologies, including the Internet of Things (IoT), cloud computing, big data analytics, and artificial intelligence (AI), to optimize resource management, improve connectivity, and enable efficient urban operations.
Global virtual data rooms market is expected to grow at a CAGR of 15% during the forecast period (2022-2030). Prior to the advent of virtual data rooms, physical data rooms were used by the lawyers, deal makers and business professionals for sharing of critical business communication. The documents in the physical data rooms used physical format which were difficult to manage, review and in major merger and acquisition deals evaluating the documents took a large amount of time and was laborious, tedious to accomplish.
The convergence of virtual reality (VR) technology and the healthcare industry is anticipated to propel the VR healthcare market to a CAGR of 35% over the forecast period of 2024 to 2032. Virtual reality is revolutionizing how medical professionals provide care, train healthcare professionals, and enhance patient outcomes. In the future years, the virtual reality (VR) healthcare market is anticipated to experience robust growth in terms of revenue. While specific revenue figures may differ, numerous reports forecast a substantial market expansion due to the expanding use of virtual reality in healthcare environments.
The global operational predictive maintenance market is expected to grow at an anticipated CAGR of 26.16% for the forecast period 2020-2030. This significant growth is attributed to the rising application of big data and Internet of Things (IoT) in manufacturing and plant industries, rising focus on operational efficiency to reduce operational cost, increasing competition in the market and growing industrialization worldwide.
