Market stories - Page 6

FMI has found the market is predicted to reach US$626.23 billion in 2023. It's anticipated to develop at a CAGR of 17.8%, reaching US$3221.36 billion by 2033.

The market for ADAS calibration equipment is expected to reach $277.8 million by 2023, with sales forecasted to grow at a CAGR of 12.6%.

A10 Networks reveals that UK service providers expect to see a significant increase in traffic volume in the next 2-3 years.

The growth in the market could be attributed to the increase in demand for fiber cable networks and fiber optic cable types.

CyberCX, Australia's largest cyber security services firm, has appointed Phil Mason as the new CEO of its UK business as part of its expansion plan.

Global biometric-as-a-service market projected to register a fast-paced CAGR of 22.4% from 2022 to 2032, according to Future Market Insights.

Global smartphone shipments fell 18%, wearable bands fell 18%, smart personal audio fell 26%, and PC shipments fell 29%.

Declining demand and challenging macro-economic conditions have caused IDC to further lower its forecast for the worldwide PC and tablet markets.

Real market recovery is not expected to occur until 2024, when IDC expects 5.9% year-over-year growth followed by low single-digit growth.

The Smart Home as a Service market revenue was estimated at US$5.5 billion in 2021 and is anticipated to grow at a CAGR of 15.4% from 2022-2032.

Fortinet reports 32% revenue growth in 2022, generating $857.3m in GAAP net income and a record $1.45bn in free cash flow.

Eseye has announced that it has been positioned by Gartner as a Visionary in the 2023 Magic Quadrant for Managed IoT Connectivity Services Worldwide.

The Container Security Market is projected to reach US$2.63 billion by 2025, with a CAGR of 25.7%, according to KuppingerCole.

IDC expects to see continuous strong demand for shared cloud infrastructure with spending expected to surpass non-cloud infrastructure spending in 2023.

Nearly all growth will come from investments in public cloud software, which is expected to represent nearly two thirds of all enterprise app revenue in 2026.

The driving factors can be attributed to increasing vulnerability of Wi-Fi networks, growing adoption of IoT, and an increasing number of connected devices.

The global healthcare fraud detection market is expected to reach $3,600.0 million by 2031, driven by increased fraudulent cases and misuse of healthcare funds.

Shipsy has been recognised as a Representative Vendor in the 2022 December Gartner Market Guide for Last-Mile Delivery Technology Solutions.

Veeam appoints Larissa Crandall as VP of Global Channel and Alliances to lead investments in partner and alliance ecosystem for data protection.

IDC forecasts that smartphone shipments will decline 9.1% in 2022, with recovery anticipated in 2023 and 5G accounting for over half of shipments.