ReleaseWire Connect

The global InsurTech market revenue is valued at $532.7 million in 2018 and is expected to reach $1,119.8 million by 2023, growing at a CAGR of 16.0% during the forecast period 2018–2023.

Blockchain technology is currently at nascent stage in the banking industry. During 2017–2018, most of the banks have adopted blockchain technology as part of their strategy, which has also resulted in banks entering in partnerships with technology companies and fintech vendors to build and test blockchain applications in their operations.

The digital customer experience and service automation (DXE) market scope covered here in this study presents a huge market opportunity with a projected market size of $179 billion by 2023, growing at a CAGR of almost 29% during the forecast period.

Garner insights Research forecasts that the education technology market will grow at a CAGR of 15.4% during the period 2018–2024.

The RPA in Financial Services market revenue is estimated to be $319.6 million in 2018 and is expected to reach $955.2 million by 2023, growing at a CAGR of 24.5% during the forecast period 2018–2023.

Managed services have now become essential criteria for organizations who primarily want to focus on their core business functions, improve agility, customer service, and reduce costs & complexity. Managed services are much more radical in the present connected world, in which cloud, analytics security, and IoT all play an important role. They enable organizations to get benefits from operational and network transformation. It is estimated that the internal IT costs within organizations can be reduced by almost 30–40% with managed services, while improving efficiency by approximately 50%. Telecom industry has witnessed extensive growth during the past few years. Telecommunication companies are facing constant pressure to deliver innovative services at lower costs to retain their customers in the competitive market. For addressing a complex competitive environment, managed services have become a widespread demand for operators. Telecom companies, due to lower margins, are focusing on minimizing their costs, maximizing customer satisfaction & loyalty, and thereby generate maximum revenue.

Factors such as rising number of surgeries, increasing incidence of various diseases, growing geriatric population, and rising number of hospital-acquired infections (HAIs) are driving the growth of the global medical supplies market.

Garner Insights introduced a new title on Global Smart Bicycles Market Research Report from its database.The regulatory push for low carbon emission transit, increasing demand for multi-modal transportation in smart cities, and rapid urbanization in smart cities are fostering the need for smart bicycles. These bicycles are being used as a personal vehicle as well as an on-demand transit mode.

Foreign exchange refer to money in one currency is exchanged for another.

The global smart signaling market is expected to reach revenue of $339.5 million by 2024, growing at a CAGR of around 41.4% during the forecast period.