Electronics Intelligence

  Unified Communications  Industry Overview The global unified communications market size was valued at USD 78.33 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2021 to 2028.  Enterprises have transitioned to Unified Communications (UC) solutions to reduce operating expenses, increase revenues, and strengthen customer relationships. UC enhances the decision-making process by integrating various communication tools into a single platform. Thus, unified communications solutions are typically deployed to foster cross-functional activities and yield positive results.   Gather more insights about the market drivers, restrains and growth of the Global Unified Communications Market   An increase in the mobile workforce coupled with the growing trends of Bring Your Device (BYOD) and hybrid workplace model is expected to positively influence the global market over the next eight years. Smart devices replace the...

  Webcam  Industry Overview The global webcam market size was valued at USD 6.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2021 to 2028. The growing demand for real-time monitoring devices in residential locations, commercial and logistics security, and video conferencing is expected to drive market growth over the forecast period. Webcams are also seeing significant demand among temporary surveillance appliance manufacturers to record anti-social behavior, vandalism, fly-tipping, and detect criminals misusing public property. Webcams are video cameras used to capture real-time images or videos in the form of analog or digital signals. Present-day products are technologically advanced and they offer better streaming quality, resolution, frame rate, built-in microphones, and noise cancellation, among others. Owing to the vast advancements, webcams are being increasingly deployed in numerous applications including video con...

  Anime Industry Overview The global anime market size was valued at USD 24.80 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% over the forecast period. The growing popularity and the rising sales of Japanese anime content worldwide are anticipated to drive the growth of the market over the forecast period. As such, foreign sales are expected to contribute to substantial revenue generation in the market. The growing preference for internet distribution and application games, which account for the majority of overseas sales in Japan, is projected to play a decisive role in propelling market growth. The outbreak of the COVID-19 pandemic has had a significant impact on the market.   Gather more insights about the market drivers, restrains and growth of the Global Anime Market The month of April is usually considered the busiest of the year because of the start of new shows. However, several animated television programs, including tho...

  Anti-drone Industry Overview The global anti-drone market size was valued at USD 576.7 million in 2018 and is expected to witness unprecedented growth over the forecast period. There has been a significant rise in the adoption of unmanned aerial vehicles (UAVs) for commercial and recreational applications across the globe. This has resulted in a considerable increase in the number of security breach incidents at public places and critical government infrastructure. Detection and identification of these drones have become vital factors for security maintenance, thereby propelling market growth.   Gather more insights about the market drivers, restrains and growth of the Global Anti-drone Market   Drones with integrated cameras have paved opportunistic ways for professionals seeking a way for aerial photography. However, the rising adoption of these unmanned aerial vehicles has resulted in growing safety concerns among government. Increased usage of these unauthori...

  Automotive Engineering Services Outsourcing Industry Overview The automotive engineering services outsourcing market size was estimated at USD 65.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 27.8% from 2020 to 2027. Growing technical capabilities of Engineering Service Providers (ESPs) to offer R&D and product innovation in their offerings for vehicle positioning, connected cars, and guidance systems are anticipated to drive the market. Furthermore, the abrupt shift in preferences of OEMs for digitized solutions over mechanical and core assistance is expected to contribute to the market’s overall revenue.   Gather more insights about the market drivers, restrains and growth of the Global Automotive Engineering Services Outsourcing Market   Increasing emphasis of the automotive industry on manufacturing automobiles with five significant trends, namely, Electrified, Autonomous, Shared, Connected, and Yearly updated ('EAS...

  Burner Management System Industry Overview The global burner management system market size was valued at USD 5.05 billion in 2018 and is anticipated to register a CAGR of 6.1% from 2019 to 2025. BMS is a safety system used for ensuring that process burners safely start-up, operate, and shut down. Burner management systems are being increasingly adopted across a wide range of industries to improve plant operations by providing reliable and safe burner operations, thus reducing maintenance costs, ensuring improved safety, and a safer work environment for plant operators. These factors are expected to continue to drive the growth of the BMS market.   Gather more insights about the market drivers, restrains and growth of the Global Burner Management System Market   The growing rate of development of the industrial sector worldwide is expected to drive the applications of BMS in boiler processes. The rise in government regulations and legislations supporting the...

  Point-of-Sale Terminals Industry Overview The global point-of-sale terminals market size was valued at USD 85.16 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030.  In 2020, the COVID-19 pandemic negatively impacted the overall market growth due to supply chain disruption and end-user revenue loss. Nevertheless, as the severity of the virus subsided, several end-use industries were seen moving towards cashless and contactless payments. As a result, increased usage of contactless payments has encouraged the adoption of mobile POS (mPOS) terminals in order to accept contactless payments directly through customers’ smartphones. The growing prominence of mobile POS terminals has provided avenues for market growth. The ease of use and improved Return on Investment (ROI) offered by these systems has favorably impacted the market. Also, the rising need for employee and customer management, invent...

  System Integration Industry Overview The global system integration market size was valued at USD 327.70 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.2% from 2022 to 2030. The rising advancements in cloud technologies, increasing use of the Internet of Things (IoT), and rising investment in distributed information technology systems (telecommunication networks and real-time process control), are a few factors contributing to the growth of this industry. The COVID-19 outbreak has thrown light on weakness in business models across verticals. However, it has offered several opportunities to digitize and expand the business across regions by adopting technologies such as cloud, Artificial Intelligence (AI), and IoT. With the considerable control achieved over the pandemic, various sectors such as retail, manufacturing, and automotive, are expected to witness rising investments as system integration solutions grow in prominence...

  Smart TV Industry Overview The global smart TV market demand stood at 268.9 million units in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2021 to 2028. A continuous surge in the use of streaming devices, coupled with the rising internet penetration is driving the market growth. Moreover, the shift in consumer preference in recent years has significantly contributed to revenue generation. The accelerated demand for smart TVs has paved way for lucrative opportunities for content providers to venture into the Over the Top (OTT) space, which is allowing them to distribute original content via the internet. Also, numerous industry players are collaborating with streaming media player manufacturers to expand their portfolio and enhance their visibility. All these factors are projected to contribute to market growth in the near future. Gather more insights about the market drivers, restrains and growth of the Global Smart TV Market The indus...

  IT Professional Services Industry Overview The global IT professional services market size was valued at USD 777.28 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030. The rise of automation to eliminate mundane tasks and radical shifts in customer demand such as customized pricing and enhanced customer experience are pushing enterprises to implement IT services across the globe. Additionally, the COVID-19 pandemic tested the professional services industry by forcing them to implement remote working at a large scale and adjust their business strategies to the rapidly changing market conditions. Additionally, the COVID-19 outbreak also accelerated several technological changes across industries, where firms survived the pandemic with the help of technology by focusing on resource management and talent acquisition.   Gather more insights about the market drivers, restrains and growth of the Global IT Professional S...

  Legal Process Outsourcing Industry Overview The global legal process outsourcing market size was valued at USD 10.77 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 30.9% from 2022 to 2030. The LPO providers, once acquainted with the organization’s business procedures, provide numerous services that include contract drafting and management, e-discovery, review & management, compliance assistance, litigation support, and patent support. LPOs have the broad legal expertise and modern technologies that assist the organizations in the objective coding of documents, gathering and synthesizing facts, negotiations, and objective legal research. Players, such as Mindcrest Inc., QuisLex Inc., Pangea3 (E&Y), and UnitedLex, have been expanding their offerings beyond litigation and regulatory investigation support services to contract management and other corporate services. Vendor selection is one of the key deciding factors for the success of an...

  Digital Transaction Management Industry Overview The global digital transaction management market size was valued at USD 8.04 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 25.5% from 2022 to 2030. The growth of the market can be attributed to the paradigm shift toward workflow and process automation across numerous industries and industry verticals. Enterprises across the globe are looking forward to adopting efficient and seamless business methods, which can be implemented irrespective of the location. As such, Digital Transaction Management (DTM) solutions can help organizations in improving customer experiences while reducing transaction times, thereby creating opportunities for the growth of the market over the forecast period. The strong emphasis businesses across the globe are putting on eliminating the conventional approaches and paperwork associated with the management of various business activities is expected to accentuate the grow...

  Earphones & Headphones Industry Overview The global earphones and headphones market size was valued at USD 25.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 20.3% from 2020 to 2027. Rising consumer preference for enhanced audio experience, growing music industry, coupled with mobile technology and internet penetration, are some of the primary factors driving the market. Technological advancements such as the emergence of notch-less smartphones are anticipated to fuel the growth of wireless earphones over the forecast period. Additionally, rising consumer inclination towards stylish and attractive designs is expected to boost the sales of earphones and headphones over the forecast period. Introduction of true wireless earbuds has brought about a paradigm shift in the way people listen to their music. These earbuds provide a user with a tangle free experience while listening to music as there is no wire connecting the left and right earp...