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IoT in Manufacturing Market to Reach $194.9 Billion by 2030, Driven by AI Integration and Industrial Automation

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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...
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Global GIS in Telecom Industry Surges with 13.2% CAGR Amid Growing 5G Demand

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According to the latest market research study published by P&S Intelligence, the global GIS in telecom market is poised for substantial growth, with its valuation projected to escalate from USD 2,164.8 million in 2024 to USD 4,516.6 million by 2030, registering a robust CAGR of 13.2% during the forecast period. This surge is primarily attributed to the rapid expansion of the telecom industry worldwide, driven by increasing internet penetration and the advent of advanced communication technologies such as 5G. GIS plays a pivotal role in capital planning decisions within the telecom sector, aiding companies in effective capacity planning by providing detailed data on existing infrastructure and network performance. The deployment of 5G networks necessitates precise location analysis for network installations, a requirement efficiently addressed by GIS solutions. With governments worldwide investing heavily in 5G technology, the demand for GIS solutions in the telecom sector is ant...
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Robotic Process Automation Market Booms, Forecast to Hit USD 68.2 Billion by 2032

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According to the latest market research study published by P&S Intelligence, the global robotic process automation (RPA) market is poised for significant growth, with projections indicating an increase from $5.1 billion in 2024 to $68.2 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 39.3% during the forecast period from 2025 to 2032. Download free Report Sample Now Market Dynamics and Growth Drivers The surge in RPA adoption is attributed to several key factors:​ Enhanced Operational Efficiency : RPA enables organizations to automate repetitive tasks, leading to significant improvements in process efficiency and accuracy.​ Cost Reduction : By minimizing the need for manual intervention, RPA helps in reducing operational costs associated with human labor.​ Improved Customer Experience : Automated processes ensure faster response times and consistent service delivery, enhancing overall customer satisfaction.​...
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Cloud-Based Data Management Services Gain Ground Across Key Industries

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According to the latest market research study published by P&S Intelligence, the global cloud-based data management services market is witnessing significant expansion, projected to grow from USD 40.7 billion in 2023 to a remarkable USD 258.4 billion by 2030, at a CAGR of 30.4% during 2024–2030. This robust growth is driven by a surge in cloud adoption across various industries, especially in response to the increasing need for cost-efficient, scalable, and remote-access solutions. Companies are increasingly relying on cloud platforms to manage, analyze, and store data securely, facilitating flexibility and speed in operations. The proliferation of data-intensive operations has led to growing demand for services like data integration, warehousing, machine learning, and artificial intelligence within cloud environments. These services offer seamless deployment, reduce infrastructure costs, and provide enhanced security—making them indispensable for modern enterprises. Furthermore...
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Tokenization Market Growth Driven by Rising Cybersecurity Demands

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According to the latest market research study published by P&S Intelligence, the global tokenization market, valued at USD 3,528.6 million in 2023, is projected to grow at a robust CAGR of 20.0% from 2024 to 2030, reaching an estimated USD 12,605.4 million by the end of the forecast period. This market expansion is driven by the rising need for secure payment solutions, particularly due to the increasing frequency of financial frauds and data breaches. Tokenization technology, which replaces sensitive data with non-sensitive equivalents (tokens), is gaining traction across industries to safeguard financial transactions and ensure compliance with stringent security regulations. North America holds the largest market share due to rapid adoption of cloud solutions and mobile payment systems, while the Asia-Pacific region is experiencing the fastest growth. Download free Report Sample Now Key Insights The tokenization market is segmented by component into solutions and se...
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Rising Demand Drives Growth in Europe's MVNO Market

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According to the latest market research study published by P&S Intelligence, the European mobile virtual network operator (MVNO) market is poised for robust growth, with revenue projected to increase from USD 32.9 billion in 2023 to USD 49.6 billion by 2030, at a steady CAGR of 6.1%. This upward trajectory is being driven by the increasing adoption of segment-targeted pricing strategies and innovative distribution models, which allow MVNOs to cater more effectively to specific consumer groups, such as migrant workers, tourists, and youth demographics. Another significant growth driver is the accelerating deployment of cloud-based solutions, enabling MVNOs to offer more flexible, scalable services at lower costs. These advancements, coupled with the growing demand for low-cost mobile services, particularly among price-sensitive users, are contributing to the expansion of the MVNO landscape in Europe. Moreover, the market is witnessing rising interest in triple-play services—bun...
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Smart Farming Surge Drives AI in Agriculture Market Growth

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According to the latest market research study published by P&S Intelligence, the artificial intelligence (AI) in agriculture market is experiencing robust growth, with revenues reaching USD 1,643.7 million in 2023. Projections indicate a compound annual growth rate (CAGR) of 25.1% from 2024 to 2030, aiming for a market size of USD 7,854.1 million by 2030 . This surge is primarily driven by the increasing integration of Internet of Things (IoT) technologies in farming, the rising demand for higher crop yields, and the growing emphasis on advanced crop management practices. Additionally, the widespread adoption of drones for pesticide spraying is contributing to market expansion.​ Labor shortages and escalating labor costs are further propelling the adoption of AI solutions in agriculture. For instance, the U.S. faces an estimated annual loss of USD 3.1 billion in crop production due to labor shortages, prompting a shift towards robotic and drone technologies to mitigate this chall...
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