Global Industry Trends

According to the latest market research study published by P&S Intelligence, the U.S. contactless payment systems market is entering an era of unprecedented growth. Valued at  $15.2 billion in 2024 , the market is expected to reach  $53.2 billion by 2032 , achieving a  CAGR of 17.1%  during the 2025–2032 period. This growth is fueled by rapid technological advancements, evolving consumer preferences, and the widespread adoption of smartphones, wearable devices, and digital wallets. Download free Report Sample Now Contactless payment systems offer unparalleled convenience, allowing consumers to make transactions by tapping credit or debit cards at point-of-sale terminals, scanning mobile wallets like Apple Pay and Google Pay, or using smartwatches integrated with banking applications. The COVID-19 pandemic significantly accelerated the adoption of these solutions, as consumers and businesses alike sought hygienic, touch-free payment methods. According...

According to the latest market research study published by P&S Intelligence, the U.S. colocation market , valued at USD 22.2 billion in 2024, is poised for remarkable growth, projected to reach USD 58.8 billion by 2032, expanding at a CAGR of 13.1%. This surge is fueled by the exponential generation of data and the rapid adoption of advanced analytics to drive business efficiency. Download free Report Sample Now With the proliferation of IoT devices and cloud computing, organizations are producing unprecedented volumes of data. Businesses are increasingly turning to colocation solutions to store and manage this data efficiently. Colocation not only provides scalable storage and predictable pricing but also offers significant cost optimization, allowing companies to focus on core operations without heavy capital expenditure on IT infrastructure. Green and Efficient Data Centers Gain Momentum Sustainability is becoming a key differentiator in the colocation market. The industry...

The Saudi Arabian digital payments market, valued at  USD 1 billion in 2024 , is projected to expand at a  CAGR of 13.6% between 2025 and 2032 , reaching  USD 2.7 billion by 2032 . This remarkable growth is fueled by the rise in smartphone users, improved internet connectivity, robust government support, and greater adoption of digital wallets and contactless payment solutions. Download free Report Sample Now Market Snapshot (2024-2032) Parameter Data Market Size (2024) USD 1 billion Projected Market Size (2032) USD 2.7 billion CAGR (2025-2032) 13.6% Key Drivers Smartphone adoption, digital wallets, fast internet, SAMA support Download free Report Sample Now The adoption of advanced technologies such as AI and blockchain is enhancing transaction security, reducing fraud, and improving international accessibility. Furthermore, the...

According to the latest market research study published by P&S Intelligence, the global satellite launch vehicle market is poised for steady expansion, with its value expected to grow from USD 6,901.8 million in 2024 to USD 8,517.9 million by 2030, advancing at a CAGR of 3.6%. The market’s growth is driven by the escalating frequency of satellite launches for communication, earth observation, weather forecasting, and defense applications. These rising activities reflect the intensifying global demand for advanced connectivity, surveillance, and remote sensing capabilities. Download free Report Sample Now One of the most transformative trends fueling this momentum is the emergence of reusable launch vehicles. These are revolutionizing space accessibility by drastically cutting costs and ensuring more reliable and on-demand launch operations. Furthermore, as governments and private entities continue to explore cost-effective and sustainable launch solutions, this shift toward reus...

The U.S. social gaming market demonstrates a powerful narrative: rapidly evolving from a casual afterthought to a dominant force in digital entertainment. In 2024, its worth reached USD 12.1 billion , and analysts forecast it will surge to USD 36.9 billion by 2032 , advancing at a compound annual growth rate (CAGR) of 15.1 percent . These figures signal more than financial success—they highlight how digital play is transforming into a deeply social experience. This article will unpack the social gaming landscape in detail, examining the underlying forces, transformative trends, and future trajectories shaping this vibrant market. From Solo Play to Shared Experiences The Rise of Social Connectivity Social gaming unites entertainment and human connection. Where traditional video games once focused on individual immersiveness, social games prioritize shared experiences—whether competing in quick casual challenges, collaborating in guilds, or participating in global events from a mob...

According to the latest market research study published by P&S Intelligence, the global internet of things in manufacturing market is projected to grow significantly, reaching a value of $194.9 billion by 2030, with a compound annual growth rate (CAGR) of 14.2%, up from $87.9 billion in 2024. This rapid expansion reflects a transformative shift within the manufacturing sector, driven by advancements in industrial automation, artificial intelligence (AI), and enhanced connectivity across production systems. Download free Report Sample Now Market Overview: The IoT in manufacturing market has emerged as a key catalyst for operational efficiency, data-driven decision-making, and enhanced product quality. By integrating smart sensors, devices, and cloud-based technologies, manufacturers are increasingly able to collect real-time data from machines, production lines, and the supply chain. This data is then used to optimize processes, reduce downtime, improve safety, and enhance prod...