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The ballooning focus of businesses on customer satisfaction is boosting the demand for speech analytics solutions across the world. Due to the establishment of numerous companies and businesses in the last few years, people have become spoilt for choice and as a result, are no longer loyal to only one particular brand. Moreover, people are nowadays more likely than ever to change their brand preferences if they face too many service-related issues, instead of product- or price-related ones.  Apart from the above-mentioned factor, the rising requirement for adherence to compliance regulations is also pushing up the adoption of speech analytics solutions by organizations across the world. At present, the compliance regulations are consistently being updated for protecting consumer rights. As a result, organizations and businesses are required to stay updated all the time on various regulations such as the Fair Credit Reporting Act (FCRA) and the Telephone Consumer Protection Act (TC...

 The Indian computer-aided design (CAD) software market is predicted to generate a revenue of $696.9 million by 2025, rising from $445.6 million in 2019, exhibiting an 8.2% CAGR during the forecast period (2020–2025), according to a P&S Intelligence report. The key factors leading to the growth of the market are the increasing utilization of the CAD software in the construction industry, rising requirement for improved and accurate designs, and surging need for fast production of goods in the country. When technology is taken into consideration, the Indian CAD software market is divided into 3D software and 2D software, between which, the 3D division accounted for the major share of the market in 2019. The division is also projected to grow at a faster pace during the forecast period, owing to the 3D CAD’s accurate & realistic 3D drawings, faster designing capabilities, and the fact that it saves cost and time. Business are widely adopting this adopting this technology du...

With the booming population, which is witnessing an increase in its purchasing power, the sale of automobiles is rising rapidly. Between 2015 and 2018, the number of vehicles in operation around the world rose sharply to 1.57 billion from 1.28 billion. Along with just the number of vehicles, even their quality is rising, as automakers are competing for a larger share in the market. As a result, people are using their automobiles for longer than before, which is leading to brisk business for vehicle repair and servicing entities. Moreover, with the changing customer demands, vehicles are becoming more complex and more dependent on advanced technology. P&S Intelligence says that all these factors will together propel the automotive repair software market from $1,264.2 million in 2019 at a healthy 10.3% CAGR between 2020 and 2030. This is because with automobiles becoming more complex, auto repair and maintenance are moving beyond mechanical and electrical maintenance, to encompass so...

The major factors aiding in the advance of the mobile point-of-sale (mPOS) terminals market are the rising popularity of cashless payments and surging focus on enhancing the experience of customers. As a result, the sale of mobile POS terminals will likely increase at a healthy 17.9% CAGR between 2020 and 2030 (forecast period), since generating $19.5 billion in 2019. Such systems are portable devices, most commonly a tablet or mobile phone, which work as a cash counter. The component segment of the market is bifurcated into software and hardware, of which the hardware bifurcation held the larger share in 2019. The usage of mobile POS terminals, of which hardware is the major and more-expensive component, is swiftly increasing in the food service, retail, hospitality, and healthcare industries. The software bifurcation is expected to display the higher CAGR in the mPOS terminals market during the forecast period, owing to the rising usage of software for sales forecasting, inventory ma...

The International Telecommunication Union (ITU) states that by the end of 2019, 4 billion individuals or 51% of the global population were using the internet. The surging internet penetration can be primarily attributed to the increasing affordability of the internet, owing to the rapid technological advancements in the information technology (IT) and telecom sector. The extensive use of the internet is encouraging people to adopt connected fitness devices to reach their fitness goals, as they help in measuring health parameters such as burnt calories and heart rate. Additionally, the rising adoption of outdoor fitness activities, such as yoga, cycling, Pilates, trail running, bodyweight training, and high-intensity interval training (HIIT), will fuel the online fitness market growth during 2021–2030. All these activities can be easily carried out in an open space with no or minimal equipment. Moreover, with rapid advancements and innovations in the smart wearable technology, people ar...

Factors such as the surge in need for strong network connectivity and the rapid adoption of advanced technologies by enterprises will help the telecom consulting market advance at a robust CAGR of 11.8% during 2021–2030. According to P&S Intelligence, the industry was valued at $5,307.2 million in 2021, and it will generate $14,519.6 million revenue by 2030. In recent years, the rapid digital transformation of business entities has become a major market trend, as digitization has transformed the way enterprises interact with customers and carry out their internal processes. The rising need for strong network connectivity is one of the key growth drivers of the market, as improved connectivity is vital to the smooth functioning of large enterprises. The prominent role of strong network connectivity can be credited to the effective communication offered by it. Additionally, stable connectivity helps business organizations access enterprises data from anywhere with robust security st...

Globally, in 2021, the simultaneous localization and mapping technology market generated revenue of around $157.5 million, and it is predicted to grow at a robust CAGR of 42.2%, ultimately reaching $3,747.8 million by 2030. The adoption of UAVs, surging number of AR applications, and emergence of autonomous vehicles are the key factors driving the market. The demand for autonomous vehicles is rising as customers are inclining toward safe and efficient driving options. Essentially, these automobiles reduce human error, which causes the majority of road accidents. These vehicles are integrated with the SLAM technology, a laser rangefinder, an inertial navigation system, and radar. These features make the vehicle capable of navigating and sensing the environment itself. With the surging demand for autonomous vehicles, the adoption of the SLAM technology will grow in the automotive industry, ultimately propelling the market in the coming years. Of the bifurcations based on offering, the 2...

 The global artificial intelligence (AI) in cyber security market revenue stood at $8.6 billion in 2019, and it is predicted to surge to $101.8 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 25.7% from 2020 to 2030 (forecast period). The increasing digitization rate in several industries, growing penetration of mobile internet, shift from conventional banking to digital banking, and soaring investments being made by financial institutions, information technology (IT) companies, and governments in the AI technologies are the main factors driving the market. The growing prevalence of cybercrimes is one of the major factors fueling the expansion of the AI in cyber security market. As per the U.S. Government Accountability Office (GAO) in August 2019, the cases of cybercrimes are rising sharply in the country in spite of the implementation of strict security measures. Cyber frauds, such as payment ...

The rising popularity of social media, growing usage of tablets and smartphones, and increasing penetration of the internet are expected to increase the webgame market revenue from $3.5 billion in 2019 to $6.5 billion by 2030. The market is expected to advance at a CAGR of 5.7% during 2020–2030 (forecast period). Currently, smartphones and tablets come with better processors, higher speeds, larger screens, and high-definition (HD) displays, which allow users to play as per their convenience, without being bound to a laptop or computer. Moreover, the high configuration of these devices supports several games. Furthermore, the increasing usage of social media has led to growth in the number of gamers. Social networking platforms, such as Instagram, Twitter, and Facebook, have introduced new forms of social interaction. To reach the maximum number of people, various browser game developers are offering games on these platforms. For example, Zynga Inc. offers browser games, such as 101 Oke...