The global storage accelerator market was valued at $10.72 billion in 2020, and is projected to reach $154.95 billion by 2030, registering a CAGR of 27.10% from 2021 to 2030. Storage accelerators are software program or hardware devices, which improve the overall performance of the computer. These storages provide several advantages such as boosting the performance of existing applications, improv...

The global SSD controller market size was valued at $14.12 billion in 2020, and is projected to reach $53.01 billion by 2030, registering a CAGR of 14.4% from 2021 to 2030. A solid-state drive controller is an electronic processor that bridges flash memory components with solid-state drive input/output interfaces. A solid-state drive controller is an embedded processor that executes firmware-level...

The global smart water metering market was valued at $4.91 billion in 2020, and is projected to reach $9.73 billion by 2030, registering a CAGR of 7.5% from 2021 to 2030. Smart water metering enables the users to automatically collect water consumption data to eliminate manual meter reading errors and to improve operational efficiency. Further, smart water metering devices are intended to increase...

The global smart office market was valued at $31.37 billion in 2020, and is projected to reach $90.63 billion by 2030, registering a CAGR of 11.1% from 2021 to 2030. A smart office is a modern workplace, which is used to boost the efficiency of employees, energy savings, and safety at the workplace. It includes various electronic devices & equipment such as smart desk, smart lock, Wi-Fi scanner, m...

The global neuromorphic computing market size is expected to reach $8.58 billion by 2030 from $0.26 billion in 2020, growing at a CAGR of 79.00% from 2021 to 2030. Neuromorphic computing utilizes an engineering approach or method-based on the activity of the biological brain. This type of approach can make technologies more versatile and adaptable, and promote more vibrant results than other ty...

The global near field communication (NFC) tags market was valued at $3.80 billion in 2020, and is projected to reach $15.58 billion by 2030, registering a CAGR of 15.6% from 2021 to 2030. NFC tag is a wristband or sticker with a tiny chip that can be read by mobile devices. It is a type of Radio-Frequency Identification (RFID) technology. An NFC tag has the ability to send information to other dev...

The global IO-link market size is expected to reach $74.08 billion by 2030 from $6.10 billion in 2020, growing at a CAGR of 29.0% from 2021 to 2030. IO-link is a standardized IO technology for facilitating communication between sensors and actuators. The point-to-point communication is based on the established 3-wire sensor and actuator connection. There is no requirement for special screened cabl...

The India RFID market was valued at $523.7 million in 2020, and is projected to reach $1,864.5 million by 2030, registering a CAGR of 14.1% from 2021 to 2030. Radio Frequency Identification (RFID) is a technology, which uses radio waves to passively recognize a labeled object. RFID systems are widely used in commercial, animal tracking, transportation, agriculture, security & access control, healt...

The gate driver IC market is swiftly gaining popularity because the driver ICs act as an essential controlling chip in power electronic circuits designed for high-temperature environments such as hybrid electric vehicle, aircraft, well logging, geothermal power generation, and others. SIC-based power devices or GAN-based power devices require gate driver circuits to link them with logic units. In ...

The global fiber Optics testing market size was valued at $277.5 million in 2020, and is projected to reach $605.5 million by 2030, registering a CAGR of 8.6%. Fiber Optics testing comprises of the tools, processes, and standards that are used for testing the fiber links, fiber Optics components, and deployed fiber networks. It includes mechanical as well as Opticsal testing of discreet elements a...

The global conversational AI market was valued at $5.78 billion in 2020, and is projected to reach $32.62 billion by 2030, registering a CAGR of 20.0% from 2021 to 2030. Conversational AI enhanced software technology is designed to mimic user conversational interactions using natural language processing and machine learning to recognize user’s text and speech. Further, trends, such as virtual as...

The global body area network market was valued at $10.29 billion in 2020, and is projected to reach $30.24 billion by 2030, registering a CAGR of 11.6% from 2021 to 2030. A body area network connects independent nodes, which includes actuators and sensors, which are located on the body or inside human body. The body area network expands over the entire human body and the nodes are connected over a...

The global Bluetooth smart plugs market was valued at $0.69 billion in 2020, and is projected to reach $5.38 billion by 2030, growing at a CAGR of 24.3% from 2021 to 2030. Bluetooth smart plugs are intermediate devices between ordinary electrical outlets and any intelligent device. It enables user to set a plug to switch on or off at a scheduled time. Significant factors that impact growth of the...

Deep learning is a subset of machine learning and machine learning is a sub set of artificial learning. Deep learning models are designed to analyze data with a similar logical structure as the humans make decisions and outdraw conclusions. Emergence of quantum computing and enhanced implementation of deep learning chips in robotics drive the growth of the global deep learning chip market consider...

The global consumer active optical cable market was valued at $141.5 million in 2020, and is projected to reach $958.5 million by 2030, registering a CAGR of 22.1% from 2021 to 2030. An active optical cable (AOC) is a cabling technology that uses optical fiber between the connectors to improve the cable’s performance. In consumer applications, these cables are used to provide audio-video and net...

The global micro server IC market was valued at $1.06 billion in 2020, and is projected to reach $3.27 billion by 2030, registering a CAGR of 13.3% from 2021 to 2030. Micro server ICs are used as microprocessors to perform calculation. It includes thousands or millions of transistors, resistors, or capacitors. More the number of transistors on micro server IC, higher the capacity of conducting mor...

The global mobile artificial intelligence (AI) market size is expected to reach $84.80 billion by 2030 from $8.56 billion in 2020, growing at a CAGR of 26.44% from 2021 to 2030. Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems with the ability to copy intelligent behavior and make autonomous decisions. This technology is a branc...

The global mobile augmented reality (AR) market size is expected to reach $184.61 billion by 2030 from $12.61 billion in 2020, growing at a CAGR of 31.40% from 2021 to 2030. Augmented reality is a technology that uses the existing user’s environment and overlays the digital or virtual content or information over it to offer immersive digital experience in real-time environment. Augmented r...

The global smart beacon market size is expected to reach $103.94 billion by 2030 from $3.28 billion in 2020, growing at a CAGR of 37.70% from 2021 to 2030. Beacons are small, wireless transmitters that use low-energy Bluetooth technology to send signals to other smart devices nearby. They are one of the latest developments in location technology and proximity marketing. Smart beacons connect and t...

The global AI in computer vision market size is expected to reach $207.09 billion by 2030 from $9.18 billion in 2020, growing at a CAGR of 39.60% from 2021 to 2030. Computer vision is simply the process of perceiving the images and videos available in digital formats. AI in computer vision is used to train the model to recognize certain patterns and store the data into their artificial memor...

The global edge AI hardware market size was valued at $6.88 billion in 2020, and is projected to reach $38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030. Edge AI hardware is a device which can take decisions & process data independently without any external connection. There are numerous applications to be expected in the near future in various areas such as smart AI vision cam...

The global smart badge market was valued at $17.51 billion in 2020, and is projected to reach $40.81 billion by 2030, registering a CAGR of 9.00% from 2021 to 2030. Smart badge is a compact multi-mode tracker with integrated sensors consolidating GPS, Bluetooth Low Energy, Wi-Fi sniffer, low-power GPS, and geolocation technologies. These badges are multifunctional & ideal for all kinds of environm...

The global IoT sensors market size is expected to reach $141.80 billion by 2030 from $12.37 billion in 2020, growing at a CAGR of 28.1% from 2021 to 2030. An IoT system consists of web-enabled smart devices that use embedded systems, such as processors, sensors, and communication hardware to collect, send, and act on data they acquire from their environments. IoT devices share sensor data they col...

The Russian intelligent eavesdropping detection system market size was valued at $48.6 million in 2020, and is projected to reach $126.9 million by 2030, registering a CAGR of 11.0% from 2021 to 2030. Intelligent eavesdropping detection system is used to protect information and crucial data from intellectual property theft and espionage. They are designed for security and safety and are widely ado...

The global collision avoidance sensor market size was valued at $4.00 billion in 2020, and is projected to reach $12.25 billion by 2030, registering a CAGR of 11.9% from 2021 to 2030. A collision avoidance sensor is a pre-crash detector device, which is usually used in adaptive cruise control (ACC), forward collision warning system (FCWS), blind spot detection (BSD), lane departure warning system ...

The global optical transceiver market size was valued at $7.18 billion in 2020, and is projected to reach $27.25 billion by 2030, registering a CAGR of 15.1% from 2021 to 2030. An optical transceiver is a device that sends and receives data using fiver optical technology. It has electronic components to condition and encode/decode data into light pulses and then send them to the other end as elec...

The global structured cabling market size was valued at $10.62 billion in 2020, and is projected to reach $20.88 billion by 2030, registering a CAGR of 7.4% from 2021 to 2030. The structured cabling plays a significant role in dealing with the complex & specific cabling network. In a data communication system, these structured cabling supports video, data, multiple voices, and several management s...

The global power cable market was valued at $143.01 billion in 2020, and is projected to reach $262.54 billion by 2030, registering a CAGR of 6.5%. A power cable is used for transmission and distribution of electrical energy. It is an assembly of one or more electrical conductors, generally joined together with an over sheath. It may be installed as permanent wiring within buildings, run overhead,...

The global gaming computer market was valued at $40.13 billion in 2020, and is projected to reach $145.93 billion by 2030, registering a CAGR of 15.3% from 2021 to 2030. Gaming computer is designed and manufactured specifically with advanced gaming needs in mind. It means high speed, huge memory, better graphics, and fast processing power. Gaming PCs have a video card, which is a PC part used to i...

The global UV-C LED market size was valued at $208.3 million in 2020, and is projected to reach $18,941.3 million by 2030, registering a CAGR of 59.7% from 2021 to 2030. UV-C LED is a subtype of UV LED emitting light having wavelength from 100 nm to 280 nm. UV-C LED is suitable for disinfection of purification since it effectively renders bacteria, viruses and fungi harmless. UV-C LED has a highly...