Global Market Insights
- 29L Atlantic Avenue,
Suite L 105, Ocean View,
United States of America
Global Market Insights Articles
AI deployment to drive GPU as a service market
Robust advancements in technology have led to a rise in the deployment of IT-based solutions, impelling GPU as a service market. Nowadays, GPUs (graphics processing units) are being predominantly integrated with the CPU (central processing unit) in self-driving cars, artificial intelligence, and high processing power computing, subject to consumer demands for the installation of graphics in their systems.
Global Elevator Market set to surpass $130bn by 2025
The elevator Market will likely surpass $130bn by 2025. Elevators are one of the major transit mediums which facilitates urban flow by transporting goods and population vertically within a building. Hence, advancements in the construction industry would augment the growth in global lift market.
Artificial intelligence in education market to grow at 45% CAGR
Asia Pacific is estimated to be the most lucrative region for AI in education market, estimated to grow at a CAGR of over 51%. The digitalisation and supportive government initiatives in the region have a noteworthy impact on the growth of the market. For instance, in 2015, the Japanese government launched Japan Revitalisation Strategy, which focuses on the development of advanced robots equipped with AI and machine learning technology.
Smart speaker market size worth over $30bn by 2024
The Smart Speaker Market is expected to witness a significant growth due to the increasing penetration of smart homes across the globe. Several factors, such as growing need to increase consumer convenience and growing network connectivity, will drive the demand.
Endpoint security market worth over $7.5bn by 2024
The Endpoint Security Market growth is attributed to the rise in the incidents of massive cyber attacks on government and private IT networks around the world, potentially threatening national security and the privacy of critical public information. Due to frequent cyber-attacks, such as Shadow Brokers, WannaCry, and Petya, government and private organisations are increasingly deploying security solutions to protect their IT infrastructure.
Automotive lighting market to hit $40bn by 2024
According to a new research report by the market research and strategy consulting firm, Global Market Insights, the automotive lighting market will grow at a CAGR of over five percent from 2018 to 2024.
Automotive ECU market set to exceed $50bn by 2023
The latest report by Global Market Insights has found that the automotive electronics control unit (ECU) market size is set to exceed $50bn by 2023. Incorporation of various electronic technologies such as safety, advanced control, communication, and security to enhance vehicle functionalities will drive the automotive electronics control unit market size. Connected navigation and telematics systems require embedded software to manage an inc...
Global automotive electronics market worth $352bn by 2023
Demand for automotive electronics is expected to rise thanks to the increasing adoption of safety features such as alcohol ignition interlocks, emergency call systems and mishap data recorder systems. Increasing adoption by original equipment manufacturers of high-volume conventional implementations is also likely to modify the regulatory framework.