Global Industry Trends

In 2024, Saudi Arabia's data center networking market is expected to be valued at approximately USD 401.1 million, with projections indicating it could reach USD 958.8 million by 2030 , growing at a CAGR of 15.6%. This growth is driven by the country’s rapid digitalization, increased adoption of cloud services, and strict data security regulations. To learn more about this report:  https://bit.ly/48AsgBe Saudi Arabia’s Vision 2030 initiative is a major force behind its digital transformation efforts, as the Kingdom aims to diversify and grow its economy. This national strategy is prompting organizations to adopt advanced technologies, including AI, data analytics, and machine learning across various sectors. With the expansion of digitalization, demand for sophisticated data center networking infrastructure has surged, as it is essential to deliver low-latency, high-speed data transfer, and seamless integration for digital applications and services. One prominent trend in the Saudi

The global gamification market, valued at USD 40.2 billion in 2024, is anticipated to rise to USD 70.4 billion by 2030, progressing at a CAGR of 9.8% from 2024 to 2030. This expansion is driven by the increasing adoption of gamification in corporate environments, a heightened focus on enhancing customer experiences, and the integration of social media within gaming frameworks. In recent years, enterprise-focused gamification solutions have dominated the market with a 55% share, largely due to growing corporate interest in using gamification to boost employee engagement and motivation through game-like elements in workplace activities. The demand for consumer-centric solutions is expected to surge as businesses increasingly recognize their effectiveness in fostering customer engagement and brand loyalty. Cloud-based deployment is anticipated to grow at a CAGR exceeding 20% during the forecast period. This growth is spurred by the widespread adoption of cloud computing, driven by the ne

According to a report from P&S Intelligence, the cloud-managed network market is projected to reach USD 50.3 billion by 2030 , growing at a CAGR of 12.2% by the decade’s end. Cloud-managed networks provide organizations with scalability and flexibility, eliminating the need for physical hardware. By connecting to the network, companies can easily manage and safeguard their hardware and software. Cloud Services Lead the Way Infrastructure as a Service (IaaS) provides on-demand computing resources, allowing organizations to buy network assets online. Services like computer networks, subnetworks, and security systems can be easily managed via the cloud. Meanwhile, Software as a Service (SaaS) is the preferred model for availing cloud services due to its secure communication. SaaS offers internet-based services that ensure the security of applications through features like encryption, key management, security monitoring, identity management, and data privacy. Rapid Growth of Public Clo

In 2023, the global data center server market generated revenue of USD 139.1 billion and is expected to soar to USD 307.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.6%. Several factors are driving this expansion, including the rise of the IT and telecommunications sector, the integration of AI and data analytics into servers, the increasing demand for cloud services, ongoing digitalization, and the surge of 5G technology, which requires higher data storage capacities. Additionally, the growing trend of AI-powered server solutions and the escalating demand for organizational data storage are contributing to further market growth. Every day, companies handle massive amounts of data to improve products, enhance customer retention, and boost revenue. This requires efficient methods for managing such large quantities of data. With billions of people connected to the internet, every online activity generates data. Businesses use this data for various purposes, su

The marine onboard communication and control systems market was valued at USD 8,733.2 million in 2023 and is expected to reach USD 14,496.2 million by 2030, growing at a CAGR of 7.7% . The increasing demand for various marine vessels is driven by the expanding seaborne trade. Global trade requires enhanced shipping capacity, leading to a higher demand for bulk carriers, container ships, oil & gas tankers, and cargo ships. Additionally, older vessels are being upgraded with modern technologies to meet industry standards and improve efficiency. The rise in passenger shipping is also contributing to market growth, as larger and more advanced cruise ships and ferries are needed to accommodate increasing passenger volumes. Vessels are often replaced or retrofitted to comply with stringent industry regulations. This has spurred the adoption of newer technologies, replacing outdated fleets and less advanced ships. Economic growth and industrialization in developing nations have further bo

In 2023, the e-signature market generated USD 2,580.3 million in revenue, and it is expected to expand at a compound annual growth rate (CAGR) of 26.7% from 2024 to 2030, ultimately reaching USD 13,407.3 million by 2030. This market surge can be attributed to increasing safety concerns among businesses, strong government support, and the growing adoption of advanced technologies in emerging economies such as Brazil, China, and India. Signature pads are gaining significant momentum globally, primarily due to their ability to retain forensic data related to signatures, including dynamics and pressure. This technology ensures a high level of customization and security, as each signature is unique and identifiable. These devices automatically capture a signatory’s handwritten signature on a touchpad using a pen-like stylus. When a signatory digitally signs on the pad, the pressure from the stylus tip is detected and communicated to a computer, allowing the signature data to be captured. D