Global Industry Trends

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...

The European MVNO (Mobile Virtual Network Operator) market was valued at USD 32.9 billion in 2023 and is projected to reach USD 49.6 billion by 2030, growing at a CAGR of over 6.0%. The industry is experiencing significant growth due to MVNOs focusing on advanced distribution strategies and segment-specific pricing, which allows them to meet diverse consumer needs by leveraging the existing telecom infrastructure of Mobile Network Operators (MNOs). The success of MVNOs largely depends on their ability to establish a unique brand identity and value propositions that appeal to targeted consumer groups such as migrant workers, tourists, and specific ethnic communities. Moreover, the industry's growth is also influenced by the limitations faced by MNOs in marketing and distributing services in niche segments and specific geographic areas. MVNOs are identifying emerging telecom markets and exploring new marketing channels that are typically inaccessible to MNOs, which is expected to fu...

The Indian CAD software market generated revenue of USD 617.6 million in 2023 and is expected to grow at a CAGR of 9.3% from 2024 to 2030, reaching USD 1,144.9 million by 2030. The key drivers of this growth include the increasing use of CAD software in the construction industry, the rising demand for smart manufacturing, the need for rapid representation, enhanced technical quality, and the growing demand for precise and high-quality designs. A significant trend in the Indian CAD software market is the shift from traditional perpetual licenses to subscription-based models. The traditional licensing model's high costs often hinder small and medium-sized enterprises (SMEs) from incorporating such software into their operations due to limited IT budgets. The expanding construction sector is a primary factor driving the growth of the CAD software industry in India. This growth is fueled by government initiatives aimed at infrastructure development and the rising amount of foreign dir...

The business continuity management market was valued at USD 693.6 million in 2023 and is projected to reach  USD 2,086.6 million by 2030 , growing at a 17.2% CAGR. Complex business processes are increasingly exposed to operational risks due to regulatory penalties, compliance requirements, and economic uncertainties. Additional threats arise from model, conduct, cybersecurity, and vendor-related risks. Organizations are seeking effective risk mitigation, enhanced accountability, and real-time risk assessment across management and business lines. As financial service institutions expand, the demand for transparency and proactive risk mitigation continues to drive the global need for BCM solutions. A key trend is the rising demand for BCM among small and medium-sized enterprises (SMEs). Over the past few years, many SMEs have adopted BCM solutions to support their growth and operational improvements. Major industry players are focusing on offering more flexible services for SMEs due...