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Compound Annual Growth Rate (CAGR) Stories - Page 5

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Compound Annual Growth Rate (CAGR) stories

Fortinet recognised as Challenger in 2024 Gartner Magic Quadrant
Firewalls

Fortinet recognised as Challenger in 2024 Gartner Magic Quadrant

Fortinet has been named a Challenger in the 2024 Gartner Magic Quadrant for Single-Vendor SASE, highlighting its efforts in simplifying operations and enhancing security.

By Imee Dequito • 3 min read • Thu, 11th Jul 2024
Enterprise IoT market hits USD $269 billion amid growth shifts
Unified Communications

Enterprise IoT market hits USD $269 billion amid growth shifts

The enterprise IoT market hit USD $269 billion in 2023, with 15% growth. Expected deceleration in 2024 due to economic concerns could shift investment focus to software.

By Kaleah Salmon • 2 min read • Thu, 11th Jul 2024
Growth forecast for smart city kiosk market to reach USD $93.7bn
Unified Communications

Growth forecast for smart city kiosk market to reach USD $93.7bn

The global smart city kiosk market is set for robust growth, expanding from USD $26.9 billion in 2023 to USD $93.7 billion by 2034, with a 12.2% CAGR, per Future Market Insights.

By Sean Mitchell • 3 min read • Wed, 10th Jul 2024
Global cloud governance market to reach USD $3.87bn by 2034
Hybrid Cloud

Global cloud governance market to reach USD $3.87bn by 2034

The global cloud governance platform market is set to hit USD $3.87 billion by 2034, driven by AI integration, hybrid cloud adoption, and compliance needs.

By Sean Mitchell • 4 min read • Fri, 5th Jul 2024
HID report reveals top trends in physical access control industry
Surveillance

HID report reveals top trends in physical access control industry

HID's 2024 State of Physical Access Control Report reveals key trends shaping the industry, including mobile access, AI, and sustainability influencing access control upgrades.

By Kaleah Salmon • 3 min read • Wed, 3rd Jul 2024
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

Stories from Other Regions

Compound Annual Growth Rate (CAGR) stories

Nebula Global ranked ninth on FEBE Growth 100 for 2024
Customer Experience

Nebula Global ranked ninth on FEBE Growth 100 for 2024

Nebula Global Services has landed ninth place on the FEBE Growth 100 list for 2024, applauded for its commitment to sustainable and ethical IT services.

By Melania Watson • 3 min read • Fri, 21st Jun 2024
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
Australia leads Asia Pacific in AI innovation & growth
DataCentre infrastructure

Australia leads Asia Pacific in AI innovation & growth

Australia's AI innovation surpasses Asia Pacific, buoyed by strong tech infrastructure and initiatives like the brain-scale supercomputer DeepSouth.

By Sean Mitchell • 3 min read • Tue, 21st May 2024