ReleaseWire Connect

Packaging robot market size is expected to witness substantial growth and is expected to grow at over 9% CAGR from 2016 to 2023. Rapid industrialization is forecast to drive the industry over the next seven years.

Smart lighting market size is forecast to reach USD 8.5 billion by 2023, growing at a CAGR of over 22% from 2016 to 2023. Rapid growing energy conservation demand along with rising need of maintaining an intelligent lighting ecosystem is anticipated to drive the industry over the forecast period.

Identity & Access Management (IAM) Market Size is estimated to reach USD 26.74 billion by 2022, as per a new research report by Global Market Insights, Inc. Increasing need for advanced network capabilities accompanied by cloud-native architecture is likely to propel the industry demand over the few coming years. Surging implementation of this scheme by large and medium scale organizations as well as government agencies is predicted to boost Identity & Access Management (IAM) market growth from 2015 to 2022.

Integrated Systems Market Size was valued at USD 9.52 billion in 2014 and is anticipated to reach USD 30.8 billion by 2022, as per a new research report by Global Market Insights, Inc. Rising need to reassess data center infrastructure is expected to fuel industry demand. In addition, implementation advantages such as simplified management, high flexibility and cost savings provided to end users are also likely to propel growth over the forecast period.

Router and Switch Market Size is projected to reach USD 41.02 billion by 2022, as per a new research report by Global Market Insights, Inc. Flourishing usage of cloud based computing solution is anticipated to propel industry growth. Features such as flexibility and application-driven customization of network infrastructure are expected to justify the shift in technology from hardware solutions to software solutions. Ethernet service edge router market was valued at USD 9.62 billion in 2014 and it is likely to reach USD 12.63 billion by 2022. Application-Specific Integrated Circuits (ASIC) are combined with hardware as well as software elements to meet customer requirements such as quality, total scalability, cost of ownership, experience and security requirements. BYOD market growth is anticipated to boost demand by offering numerous benefits such as cost reductions, employee satisfaction as well as better productivity.

Gas Sensors Market Size was valued at USD 1.9 billion in 2014 and is forecast to reach USD 2.89 billion by 2022, as per a new research report by Global Market Insights, Inc. Proliferating demand for smart sensors along with increasing need in end-use industries such as automotive is anticipated to fuel demand over the forecast period.

Data Center UPS Market Size is estimated to reach USD 6.65 billion by 2022, as per a new research report by Global Market Insights, Inc. Amplifying acceptance of cloud computing coupled with falling tolerance limits pertaining to data loss are likely to boost global demand over the forecast period.

Bring Your Own Device (BYOD) Market Size is estimated to be valued at USD 366.95 billion by 2022, as per a new research report by Global Market Insights, Inc. Growing consciousness about advantages of adopting of this system will be critical for industry growth over the coming seven years. Effective application also aids in increasing organizational productivity and this is expected to propel industry growth. In addition, it also helps in minimizing operating as well as capital expenditure.

3D Scanning Market Size is projected to be valued at USD 6.05 billion by 2022, as per a new research report by Global Market Insights, Inc. Rising adoption of these systems in various industry sectors, namely, quality control, rapid prototyping as well as reverse engineering is expected to propel industry growth over the forecast period. Growing need to obtain precise and quick results with optimum efficiency is also expected to serve as a key driver.

Embedded System Market Size is likely to be valued USD 258.72 billion by 2023, as per a new research report by Global Market Insights, Inc. Mounting need mainly from application sectors such as healthcare as well as automotive is expected to drive demand. In addition, emergence of IoT is anticipated to fuel industry growth.