Compound Annual Growth Rate (CAGR) Stories - Page 7

Global Stories

Compound Annual Growth Rate (CAGR) stories

Eco-digital economy set to hit $33tn by 2028, new report reveals

The eco-digital economy, marrying sustainability with digital progression, is set to swell from $16.6tn to around $33tn by 2028, a 15% CAGR, says a Capgemini/Harvard report.

By Sean Mitchell • 3 min read • Thu, 25th Jan 2024

Fintech

Mashreq & Fils pair up for corporate carbon offsetting service

Mashreq and UAE fintech, Fils, collaborate to launch a blockchain-based, carbon offsetting service to counter 'greenwashing'.

By Shannon Williams • 3 min read • Tue, 23rd Jan 2024

Encryption

Hardware security modules market set to double by 2028

The global HSMs market is set to rise from $1.2bn in 2023 to $2.3bn by 2028, driven by growing cyber threats, data security needs and digital transactions.

By Shannon Williams • 3 min read • Tue, 9th Jan 2024

Digital Transformation

Marketing analytics software sector riding high on AI & ML adoption

The global marketing analytics market is bolstered by increased adoption across sectors such as retail and manufacturing for improved AI and ML processes.

By Shannon Williams • 3 min read • Thu, 4th Jan 2024

Digital Transformation

SIAM market set to increase from $4.8bn to $6bn by 2028

The global Service Integration and Management market is set to grow to $6 billion by 2028, driven by large enterprises and the manufacturing sector.

By Shannon Williams • 2 min read • Tue, 2nd Jan 2024

Customer Relationship Management

Demand for Microsoft Dynamics set to triple by 2033

The Microsoft Dynamics market is expected to triple in value due to rising demand for its productivity-boosting software solutions.

By Shannon Williams • 3 min read • Tue, 2nd Jan 2024

Digital Transformation

Hyperscale cloud market projected to hit $3.4tn by 2034

The hyperscale cloud market is predicted to reach a monumental $3.4tn by 2034, driven by digital transformation initiatives worldwide.

By Shannon Williams • 3 min read • Tue, 2nd Jan 2024

Virtualisation

Global modular data centres market to reach $81.2bn by 2030

The global modular data centres market is anticipated to surge to USD$81.2bn by 2030, due to efficiency and flexibility, says Research and Markets report.

By Shannon Williams • 3 min read • Tue, 2nd Jan 2024

Firewalls

Growing cyber crime rate boosts next-gen firewall market growth

Due to rising cyber crime, the next-gen firewall market is projected to grow at a CAGR of 10.48% between 2021 and 2028, per a Knowledge Sourcing Intelligence study.

By Catherine Knowles • 2 min read • Mon, 1st Jan 2024

Clean technologies

Global smart TV shipments expected to drop in 2023, IDC reveals

Global smart TV shipments are expected to decrease by 5.5% in 2023, with zero growth in 2024, according to the IDC, amid economic challenges and consumer demand shifts. However, the Indian market bucks this trend showing robust growth.

By Catherine Knowles • 3 min read • Fri, 29th Dec 2023

Network Infrastructure

UNICOM expands immersion-ready servers in partnership with Intel and Dell

UNICOM Engineering advances technological horizons with an expanded portfolio of immersion-ready servers.

By Catherine Knowles • 3 min read • Fri, 29th Dec 2023

Advanced Persistent Threat Protection

Content protection market to grow by $1 billion by 2028

The surge in market growth is propelled by several strategies and technologies safeguarding digital content, according to a new report from Technavio.

By Shannon Williams • 3 min read • Thu, 28th Dec 2023

Generative AI

Global GenAI investment to surge to $151.1 billion by 2027, says IDC

Worldwide investment in GenAI set to soar, reaching a predicted $151.1bn by 2027 according to IDC.

By Catherine Knowles • 3 min read • Thu, 28th Dec 2023

Digitisation

5G MVNO market projected to reach $132 billion by 2029

5G MVNO market forecasted to reach $132.03bn by 2029, harnessing 5G technology without the need for physical infrastructure.

By Shannon Williams • 3 min read • Thu, 28th Dec 2023

IT Automation

ServiceNow to acquire task mining firm UltimateSuite for AI boost

ServiceNow is set to acquire task mining firm UltimateSuite to bolster its AI capabilities and enhance process mining. .

By Kaleah Salmon • 3 min read • Thu, 21st Dec 2023

Stories from Other Regions

Compound Annual Growth Rate (CAGR) stories

Analyst report

HFCL secures INR 623 crore order for Indian-made 5G gear

HFCL Limited has inked a milestone INR 623 crore deal for the supply of indigenously-made 5G networking gear, making it the first Indian company to secure such a large order.

By Catherine Knowles • 3 min read • Wed, 24th Jan 2024

Partner Programmes

Colt Technology appoints Yasutaka Mizutani as APAC president

Colt Technology Services positions Yasutaka Mizutani as its Asia Pacific President, in a move to intensify the UK-based executive's responsibility over the company's operations in Asia.

By Sean Mitchell • 3 min read • Thu, 11th Jan 2024

Hyperscale

Asia-Pacific Data Centre Association officially launches

The Asia-Pacific Data Centre Association (APDCA), the first of its kind in the region, launched today to unite data centre industry interests and promote supportive regulations, amid rising demand for digital services.

By Catherine Knowles • 2 min read • Mon, 8th Jan 2024