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Showing posts with the label ICT

Contact Center Software Market Growth Accelerated by Enhanced Customer Experience

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  Contact center software comprises solutions that help organizations and businesses handle high volume of customer queries through multiple communication channels including phone calls, emails, social media, and web chat. Contact center software help businesses offer enhanced customer support and satisfaction by streamlining agent-customer interactions and providing real-time analytics and reporting. The Global Contact Center Software Market Size is estimated to be valued at US$ 44.7 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for contact center software has been growing steeply owing to the necessity of businesses to offer omnichannel customer experiences. With contact center software, businesses can now efficiently handle customer queries received through multiple channels simultaneously. They ensure seamless transfer of inquir

The Global ISOBUS Terminal Market Growth Accelerated By Digitalization

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  ISOBUS Terminal helps farmers operate the entire tractor, implements and related systems in the field through a single customizable display terminal thus reducing driver fatigue and improving operational productivity. The Global ISOBUS Terminal Market Size is estimated to be valued at US$ 804.1 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming technologies and advanced data management systems is boosting the growth of global ISOBUS Terminal market. Precision farming enables tractor drivers to precisely operate various agricultural implements for seeding, plowing and fertilizing the fields according to digital maps and crop health data. Using ISOBUS Terminal, farmers can view analysis, recommendations and implement variable rate technology. This allows optimized use of inputs which enhances farm productivi

Carbon Capture and Storage Market Expected to Reach US$ 1.76 Bn by 2024

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  The Global Carbon Capture And Storage Market Size is estimated to be valued at US$ 1.76 Bn in 2024 and is projected to reach a valuation of US$ 10.6 Bn by 2022. Over the forecast period of 2022 to 2030, it is expected to exhibit a CAGR of (incorporate given CAGR) %. Carbon capture and storage (CCS) is a technology that captures carbon dioxide emissions from power plants and industrial facilities and stores them underground, preventing their release into the atmosphere. The rising concerns about climate change and the need to reduce greenhouse gas emissions are driving the demand for CCS technology. CCS offers several advantages, including the potential to significantly reduce CO2 emissions, improve air quality, and enhance energy efficiency. Market Key Trends: One key trend in the Carbon Capture and Storage Market is the increasing adoption of CCS technology by oil and gas companies. As the demand for oil and gas continues to grow, these companies are under pressure to reduce the

Microscale 3D Printing Market Growth Accelerated by Advanced Manufacturing Techniques

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  Microscale 3D printing enables high throughput additive manufacturing of intricate 3D micro-structures and microfluidic devices using a variety of biomaterials. These printed microdevices find applications in areas like tissue engineering, drug discovery, biomedical research, and diagnostics. The Global Microscale 3D Printing Market Size is estimated to be valued at US$ 20.65 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of advanced additive manufacturing techniques is accelerating the growth of microscale 3D printing market. Technologies like two-photon photopolymerization, stereolithography and Continuous Liquid Interface Production enable precise manufacturing of complex features at microscale with high resolution. These high resolution 3D printing methods allow fabrication of medical implants, microfluidic devices and tissue sca

The Global Customer Success Management Market Growth Accelerated By Increasing Customer Loyalty And Retention

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  The customer success management (CSM) tools help companies map and measure customer journeys and relationships to drive higher engagement, satisfaction, and outcomes. CSM tools enable organizations to proactively manage ongoing customer accounts and optimize the customer experience through various stages of onboarding, adopting products or features, expanding usage, renewing subscriptions, and more. The global Customer Success Management Market is estimated to be valued at US$ 2179.37 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing focus of organizations on retaining and growing existing customers is driving the adoption of customer success management tools. CSM tools help companies maximize customer lifetime value by understanding individual customers' needs, identifying opportunities to increase or unlock additional value and p

Heat Pump Market Growth Accelerated by Energy Efficiency Improvements

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  Heat pumps provide efficient space and water heating with minimal environmental impact. They utilize renewable energy from the air, water, or ground to mobilize heat and distribute it within buildings to improve indoor thermal comfort. Heat pumps offer an energy-efficient alternative to conventional heating systems as they use 25% to 50% less energy to produce the same amount of heating. The global Heat Pump Market is estimated to be valued at US$ 140 billion in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of energy-efficient equipment driven by stringent government regulations regarding carbon emission levels has propelled the demand for heat pumps. Major economies are introducing incentives and regulations to minimize dependency on fossil fuels for heating needs. For instance, the European Union's SAVE directive aims to re

Storage Space for Modern Lifestyles: Growth Accelerated by Rising Demand for Convenience

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  Storage for domestic and commercial use has become increasingly essential in today's fast-paced world. Self-storage allows users to house belongings conveniently without long-term commitments as living circumstances change rapidly. Ranging from climate-controlled units for delicate items to standard storage boxes and racks for less sensitive goods, these facilities offer flexible storage solutions for residents and businesses alike. Users benefit from 24/7 access to their items and the peace of mind that valuables are secure. The global Self-Storage Market is estimated to be valued at US$ 55843.56 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising demand for convenience is one of the key drivers augmenting growth of the self-storage market. In fast-paced urban environments, self-storage allows busy individuals and families to free up livin

The Global Telescopic Ramp Market Growth Accelerated By Rising Safety Concerns

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  Telescopic ramps are portable vehicle access solutions that provide flexible load transportation interfaces for loading and unloading cargo on trucks, containers, and other transport vehicles. They help reduce physical strain, prevent workplace injuries, and increase workplace safety. Telescopic ramps find widespread applications in logistics, shipping, aviation, manufacturing, and other industries that require repetitive loading and unloading operations. The global Telescopic Ramp Market is estimated to be valued at US$ 746.9 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Demand for telescopic ramps has grown significantly in recent years due to stringent workplace safety regulations and rising awareness about employee safety. The deployment of telescopic ramps helps reduce manual lifting injuries and back strain caused due to repeated lifting a

The Global Taxable Retail Market Growth Accelerated By Increased Adoption Of Online Tax Filing

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  The taxable retail market offers various tax filing software and services that help consumers and businesses file their tax returns online conveniently and accurately. These products allow users to easily upload W-2 forms, itemized deductions, tax credits, and other relevant documents directly into the tax return forms digitally. The global taxable retail market is estimated to be valued at US$ 13.49 billion in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of online tax filing services has been a key driving factor for the growth of the taxable retail market. With the COVID-19 pandemic inducing lockdowns and social distancing measures, more individuals and businesses have opted to file their taxes online instead of visiting physical tax filing centers. This has significantly boosted the demand for digital tax filing software and

The Global Submarine Cables Market Growth Accelerated By Connecting Continents

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  Submarine cables offer high-speed internet connectivity between continents by laying fiber-optic cables along ocean floors. As these cables are buried in the seabed, they offer reliable and secure connectivity. With the rise of data consumption and digital services, the demand for internet connectivity has increased rapidly. The global Submarine Cables Market is estimated to be valued at US$ 2751.81 Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing deployment of submarine cables connecting continents is one of the key trends driving the growth of the submarine cables market. Large regions and countries are investing heavily in projects to lay submarine cables to enhance connectivity. For instance, the Asia-Africa-Europe 1 (AAE-1) is a major submarine communications cable system connecting Singapore, England, and Germany, with landing

Legal Case Management Software Market Growth Accelerated by Digital Transformation Initiatives

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  Legal case management software assists law firms and legal organizations to efficiently manage their case activities, clients' related data, and day-to-day tasks. It enables effective tracking of deadlines, centralized data storage, seamless communication and collaboration, automated workflow, and simplified billing processes. The global Legal Case Management Software Market is estimated to be valued at US$ 7.2 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growth of the Legal Case Management Software Market is primarily driven by increasing adoption of digital transformation initiatives among law firms and legal organizations. Legal Case Management Software allows digitization of processes and documentation related to cases, which enhances efficiency and security of operations. Migration from traditional paper-based systems to cloud-base

SMS Firewall Market Growth Accelerated by Increase in Demand for Network Security

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  SMS firewalls provide web-based filtering solutions that monitor and control text messaging traffic. SMS firewall solutions help ensure protection, data security, and regulatory compliance for networked devices and operating systems. The rising concerns regarding spam messages, bulk messaging, and network security threats are prompting many organizations to adopt SMS firewall solutions. The global SMS Firewall Market is estimated to be valued at US$ 2350.4 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increase in demand for network security is one of the key trends that is expected to drive the growth of the SMS Firewall Market during the forecast period. With the increasing instances of cybercrimes and security breaches across various industry verticals, enterprises are focusing on implementing robust network security infrastructure to protect

Smart Mobility Market Set to Flourish with Exponential Surge in Demand for Smart Mobility Solutions

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  The global smart mobility market has witnessed significant growth in recent years owing to the growing adoption of various smart mobility services across several sectors. Smart mobility services offer innovative transportation solutions along with real-time information and analysis of traffic patterns to better plan commute options. These services help reduce traffic congestion and fuel consumption while improving overall transportation efficiency. The increasing awareness about the environmental benefits of smart mobility is further boosting the adoption of shared mobility services like bike-sharing, ride-sharing and car-sharing. The global smart mobility market is estimated to be valued at US$ 32.34 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing demand for connected transportation systems is one of the key trends driving the growth o

Small Satellite Market Growth Accelerated by Increasing Demand for Earth Observation Applications

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  Small satellites are gaining prominence across various applications owing to their cost-effective attributes and miniaturization of components. Small satellites help deliver earth observation and communication services at lower costs than traditional large satellites, thereby witnessing increasing adoption. The global small satellite market is estimated to be valued at US$ 4.51 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Small satellites have a mass ranging from 1 kg to 500 kg and help address technological advancements in miniature payload components including imaging sensors, computers, solar panels and propulsion systems. Miniaturization of components has led to increased applications of small satellites across defense, communications and earth observation sectors. They provide cheaper, more frequent access to space which is benefiting various government agenci

Silicon Photonics Market Growth Accelerated by Increased Usage of Optical Connectors and Transceivers

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  Silicon photonics technology integrates photonic systems such as lasers, modulators, and detectors on a silicon chip. This technology offers advantages such as compact size, wider bandwidth, lower power consumption, lower cost and ease of integration with electronic ICs. The growing demand for high bandwidth and energy efficient interconnects in data centers, high-performance computing and telecommunication applications is driving the growth of the silicon photonics market. The global silicon photonics market is estimated to be valued at US$ 1949.78 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of optical connectors and transceivers in data centers is a major trend that is fueling the growth of the silicon photonics market. Rising deployment of cloud computing services has increased the demand for high-speed data transfer

Robot as a Service Market Poised for Growth

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  The global Robot as a Service Market is estimated to be valued at US$ 19.62 Bn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Robot as a service offers robotic solutions to various business applications that can be managed remotely. Robots provide enterprises with advanced technology to automate tasks, increase productivity, and reduce operational costs. Robot as a service enhance flexibility and scalability of robotic solutions by eliminating upfront investments and reducing operational and maintenance costs. Market key trends: The growth of the Robot as a Service Market is accelerated by increasing adoption of cloud-based technologies. Many Robot as a Service providers are focusing on offering cloud-based robotic solutions that provide scalability, flexibility, and cost-effectiveness to their customers. Cloud technology enables robots to be accessed remotely through

Product Information Management Software (PIM) Boom Powered by Automated Trading Growth

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  Product Information Management (PIM) software allows organizations to centralize product information and maintain consistency across all sales and marketing channels by automating repetitive tasks. Global leaders increasingly rely on AI-powered PIM solutions to synchronize product catalogs, images, attributes, and descriptions for frictionless commerce. The global Product Information Management Software (PIM) Market is estimated to be valued at US$ 15.79 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. PIM solutions capture core product attributes once and allow selling organizations to focus on strategic priorities rather automated tasks. Products can be intuitively organized, enriched with multimedia content and made globally available through a single source of truth. PIM also ensures regulatory compliance and accuracy which is critical for high-value industrial good

Prescriptive Analytics Market is Estimated to Witness High Growth owing to the Opportunity to Optimize Decision Making Process

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  Prescriptive analytics incorporates adaptive intelligent algorithms and machine learning to analyze structured and unstructured data in order to provide actionable recommendations for complex business decisions and problems. By leveraging massive amounts of internal and external data, prescriptive analytics solutions help optimize business operations, maximize profits, and minimize risks. The global Prescriptive Analytics Market is estimated to be valued at US$ 7.71 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of adaptive intelligent algorithms is driving the growth of the prescriptive analytics market. Adaptive intelligent algorithms use machine learning and analytics to continuously learn from new data, identify patterns, and adjust their activity accordingly. This helps prescriptive analytics solutions provide more accu

Treasury Management Market is expected to Accelerated by Digital Transformation

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  Treasury management involves cash and liquidity management, payment and collection, risk management, and statutory reporting. Treasury management solutions help organizations streamline daily financial tasks and operations. These solutions enable integration across finance and accounting applications for better visibility and controls. They offer real-time insights to help organizations make data-driven decisions for efficient working capital and cash flow management. The global Treasury Management Market is estimated to be valued at US$ 5.1 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Digital transformation is driving accelerated growth in the treasury management market. Growing adoption of cloud and automation technologies by organizations is enabling real-time access to cash management and liquidity data from any location. This is helping tre

Total Carbon Analyzer Market Growth Accelerated by Increasing Focus on Monitoring Greenhouse Gas Emissions

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  Total Carbon Analyzer products are used for analyzing carbon contents and organic compounds in various materials and products across industries. They help in monitoring greenhouse gas emissions from manufacturing facilities and flue gases from industries like power, oil & gas and petrochemicals. The devices offer fast and accurate analysis of total carbon, inorganic carbon and organic carbon content. They aid industries in meeting stringent emission standards and guidelines for curbing carbon footprint. The global Total Carbon Analyzer Market is estimated to be valued at US$ 967.3 Mn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Stringent environmental regulations governing industrial carbon emissions have accelerated the demand for emission monitoring equipment like total carbon analyzers. Many countries and regional authorities have defined li