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Showing posts with the label Information and Communication Technology

Global Stock Photography Market Growth Accelerated by Evolving Creative Needs

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Stock Photography Market Stock photography provides high resolution visual content that can be broadly used for commercial and non-commercial purposes including online and print media like blogs, articles, advertisements, brochures websites etc. The abundant availability and cost effectiveness of stock photos have aided their adoption across industries. The global Stock Photography Market is estimated to be valued at US$ 3.84 Billion in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The evolving creative needs of end users in varied sectors has been a key growth driver for the stock photography market. With technology advancements content creators are able to incorporate high resolution stock photos to enhance visual appeal of their products and services. Moreover, the rising importance of visual presentation for improved communication has boosted the deman

Business Process Management Market is Estimated to Witness High Growth Owing to Opportunity for Improved Efficiency and Cost Savings

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Business Process Management Market Business process management involves streamlining an organization's operational and administrative tasks to deliver products or services more efficiently and cost-effectively. It helps organizations eliminate redundant tasks, automate routine workflows, and allocate resources more strategically. With business process management tools, companies can gain data-driven insights to continuously refine processes, enhance collaboration across teams and functions, and build a more agile workplace culture. The global Business Process Management Market is estimated to be valued at US$ 16.21 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity for improved efficiency and cost savings is estimated to drive high growth in the business process management market. As processes become more complex in today's digita

False Base Station Market is Estimated to Witness High Growth Owing to Opportunity to Prevent Telecom Fraud

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False Base Station Market A false base station also known as an IMSI catcher or stingray, is an electronic device that pretends to be a legitimate cellular network cell tower in order to collect information from nearby mobile devices and intercept their communications. False base stations have emerged as an effective solution to detect and prevent telecom fraud such as identity theft, mobile spying, 4G and 5G international roaming scams, text message fraud and robocalls which have witnessed significant surge in recent times. False base stations mimic the wireless communications protocols used by mobile networks, enabling them to fool mobile phones and other wireless devices into connecting to them rather than the authentic cell towers of wireless carriers. The global False Base Station Market is estimated to be valued at US$ 80.33 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insi

Extended Warranty Market is Estimated to Witness High Growth Owing to Opportunity in After-Sales Services

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Extended Warranty Market Extended warranty, also referred to as extended service contract, provides coverage for repairing or replacing consumer electronics and home appliances if they fail or stop working due to normal usage. It extends the original manufacturer warranty by covering the product for an additional period of time ranging from 1 to 3 years after the purchase. Extended warranty provides customers peace of mind by protecting them from unforeseen repair costs during the additional coverage period. The global extended warranty market is estimated to be valued at US$ 123.04 Mn in 2023 and is expected to exhibit a CAGR of 8.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity in the after-sales services segment offers high growth potential for the extended warranty market. After-sales services refers to various support services like repairs, maintenance and technical support provi

Wind Turbine Inspection Drones Market is Estimated to Witness High Growth Owing to Opportunity of Reducing Overall Maintenance Cost

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Wind Turbine Inspection Drones Market  Wind turbine inspection drones are unmanned aerial vehicles used to inspect wind turbines. They help detect structural defects at an early stage by carrying high-resolution cameras. The drones capture images and footage of wind turbines from different angles which are then analyzed to detect cracks, corrosion or any other defects. This helps reduce unplanned downtime and increase lifespan of wind turbines by enabling condition-based and predictive maintenance. The global wind turbine inspection drones market is estimated to be valued at US$ 587.5 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Reducing overall maintenance cost represents a key market opportunity for wind turbine inspection drones. Regular inspection and predictive maintenance enabled by drones can significantly reduce repair and replacement cos

Wearable Digital Walkie Talkie Market is Estimated to Witness High Growth Owing to Opportunity for On-Site Communication

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Wearable Digital Walkie Talkie Market Wearable digital walkie talkies are advanced communication devices that allow instant push-to-talk communication across a wide range. They provide reliable instant voice and text messaging capabilities to enhance on-site communication for various industries including construction, warehouses, theme parks and others. The global wearable digital walkie talkie market offers benefits such as superior audio quality, long battery life, easy connectivity and push-to-talk features. The demand for these devices is increasing owing to need for hands-free group communication in busy and noisy work environments. The global wearable digital walkie talkie Market is estimated to be valued at US$ 1.94 Bn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity for on-site communication is expected to drive the growth of wea

Rugged Display Market is Estimated to Witness High Growth Owing to Opportunity of Growing Usage In Military and Aerospace Industries

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Rugged Display Market Rugged Display refers to display devices that can withstand extreme environmental conditions such as extreme temperatures, pressure, shock, vibration, and humidity levels. They find application in various verticals such as military and aerospace, industrial, outdoors and transportation. The growing usage of rugged displays in military and aerospace industries owing to their safety critical nature has boosted their demand globally. Rugged displays are essential for the efficient functioning of devices used in military vehicles, aircraft, tanks or ships as they ensure the continuity of operations even under harsh conditions. The global Rugged Display Market is estimated to be valued at US$ 9.75 Bn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2024 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The growing usage of rugged displays in military and aerospace industries is a major opportun

Foldable Smartphone Market is Estimated to Witness High Growth Owing to Expanding Consumer Base for Premium Luxury Mobiles

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Foldable Smartphone Market Foldable Smartphones are transforming the handheld device industry with its innovative flexible display technology that can be folded or unfolded, depending on the user's preference. These smartphones combine the functionality of a tablet as well as smartphone which deliver an immersive viewing experience and an ergonomic grip. Their flexible AMOLED displays allow the devices to transform into bigger screens on demand while also providing convenient portability like regular smartphones. The growing demand for multi-purpose devices with premium features is fueling the adoption of these sophisticated handheld devices. The global foldable smartphone market is estimated to be valued at US$ 22.95 Bn 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 Opportunity: The expanding consumer base for premium and luxury smartphones across major economies

Wireless Charging Market is Estimated to Witness High Growth Owing to Opportunity of Enhanced Wireless Convenience

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Wireless Charging Market Wireless charging technology helps in contactless power transfer through an electromagnetic field between two objects which are close to each other. This is done without any wires or cables and provides enhanced wireless convenience to users. Wireless charging is increasingly being adopted for charging various consumer electronic devices like smartphones, smartwatches, earbuds etc. It provides hassle-free charging experience to users and helps reduce cable clutter. The global wireless charging market is estimated to be valued at US$ 7.1 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity of enhanced wireless convenience is expected to drive high growth of the wireless charging market. Wireless charging provides freedom and flexibility to users by eliminating the need for physical charging cables. It allows chargin

Out-of-Band Authentication Market is Estimated to Witness High Growth Owing to Opportunity of Enhancing Security Measures

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Out-of-Band Authentication Market The out-of-band authentication market caters authentication methods involving two independent channels for requesting and approving access. Out-of-band authentication establishes a separate communication channel apart from the primary one used for accessing services to authorize user requests. It involves sending an authorization code via SMS, phone call, or authenticator app on a registered device independent of the device used for login. This offers enhanced security over traditional single-factor authentication and prevents unauthorized access even if usernames and passwords are compromised. The global out-of-band authentication market is estimated to be valued at US$ 1.36 billion in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The growing IT infrastructure of organizations along with increasing instances of cyber-attack

Optical Transport Network Market is Estimated to Witness High Growth Owing to the Growing Demand for Scalable and Flexible Network Connectivity

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Optical Transport Network Market Optical Transport Network (OTN) refers to a protocol that enables the transmission of data over optical media. OTN offers greater flexibility and higher data rates than conventional transport networks. It is used for transferring multiple client signals in an optical fiber network using a method called multiplexing. OTN uses an optical carrier to transmit raw bits of data to the transport level in synchronous optical networking (SONET) or synchronous digital hierarchy (SDH) over long distances and different network topologies. The global optical transport network market is estimated to be valued at US$ 22.32 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The growing demand for scalable and flexible network connectivity is the major opportunity for the optical transport network market. With increasing data traffic over

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