Global Industry Trends

The global building information modeling (BIM) market is experiencing significant growth, with revenues   projected   to increase from USD 8.12 billion in 2024 to USD 18.91 billion by 2030, reflecting a compound annual growth rate (CAGR) of 15.1%. This surge is primarily driven by rapid urbanization and substantial population growth, leading to heightened housing demands and, consequently, an increased need for BIM solutions. Additionally, government investments in the construction sector and large-scale projects in developing economies are further propelling market expansion. Access the Free Sample Report Instantly Key Insights Segmentation Analysis: Offering:  In 2022, the software segment dominated the BIM market, accounting for a 60% revenue share. This is attributed to the presence of major players offering comprehensive features applicable throughout the project lifecycle, including architecture, sustainability, structure, mechanical, electrical, and plumbing (MEP),...

The global automated material handling equipment market was valued at USD 30.9 billion in 2024 and is projected to reach USD 56.8 billion by 2030 , progressing at a CAGR of 10.6% during 2024–2030. This growth is fueled by increasing demand for enhanced order accuracy, optimized supply chain efficiency, superior customer service, and expanding warehousing operations. The integration of robotics in material handling further accelerates market expansion. Download a Complimentary Sample Report The rising adoption of Industry 4.0, IoT, and industrial automation is simplifying the deployment of automated systems, offering lucrative opportunities for businesses in the automated material handling (AMH) sector. Organizations are actively investing in advanced automation technologies, including robotics, automated storage and retrieval systems (ASRS), cranes, automated guided vehicles (AGVs), and warehouse management systems (WMS), to enhance productivity, reduce assembly times, and optimize...

According to the latest market research study published by P&S Intelligence, the robotic vision market was valued at USD 2,781.9 million in 2024 and is projected to reach USD 4,971 million by 2030, growing at a CAGR of 10.2% during this period. This growth is driven by the increasing demand for quality inspection processes, rising adoption of cognitive humanoid robots, and the growing emphasis on ensuring product quality and workplace safety across industries. Key features of robotic vision systems, such as non-contact inspection, cost-effectiveness, and high repeatability, are enhancing their acceptance. These systems are becoming integral to quality control applications in a variety of sectors. Key Insights The 2D robotic vision systems category holds the largest market share by type. This dominance is due to its reliability, ease of use, and suitability for general applications requiring rapid image processing. The 3D robotic vision systems segment is ex...

Cybersecurity challenges are reaching unprecedented levels across East Africa, driven by the rapid digitization of economies and the rise in sophisticated cyber threats. The need for proactive and cost-effective security solutions is more pressing than ever. Among the emerging technologies addressing this demand is Security Operations Center as a Service (SOCaaS), a model that offers advanced threat detection and real-time response capabilities. According to a report by P&S Intelligence, the East Africa SOCaaS market is forecast to grow from $67.8 million in 2022 to $131.5million by 2030 , reflecting a compound annual growth rate (CAGR) of 8.3%. This trend highlights the increasing recognition of cybersecurity as a cornerstone for economic growth and digital resilience in the region. Understanding SOC as a Service SOCaaS is a subscription-based model that provides organizations with outsourced monitoring and management of security devices and systems. This service offers real-t...

The world of business is undergoing a seismic shift, with traditional methods of managing transactions being rapidly replaced by digital alternatives. Digital Transaction Management (DTM) has emerged as a critical tool for organizations aiming to streamline their operations, enhance security, and meet the demands of a tech-savvy customer base. According to P&S Intelligence, the global DTM market is expected to surge from USD 15.1 billion in 2024 to USD 98.4 billion by 2032, growing at an impressive compound annual growth rate (CAGR) of 26.6%. This remarkable growth underlines the increasing importance of DTM in the global business landscape. Automation: A Key Driver for Adoption One of the most significant factors propelling the growth of the DTM market is the push toward workflow and process automation. Businesses across industries are seeking efficient, paperless methods to execute routine tasks. DTM solutions enable organizations to automate document-heavy processes, reducing m...

The 5G infrastructure market is witnessing remarkable growth and is poised to continue this trajectory in the coming years. The surging need for low-latency internet, coupled with the widespread adoption of technologies like the Internet of Things (IoT) and 5G-enabled devices, is propelling the market forward. The rapid rise in 5G subscriptions is a significant driver, supported by increasing investments from both private and government sectors. The demand for 5G components is fueled by the growing usage of 5G-powered smartphones and other devices, designed to cater to escalating data consumption and connectivity needs. The IoT ecosystem further bolsters the market's expansion, with its reliance on data sharing between sensors and input/output mechanisms via wireless networks. 5G technology enhances this process by delivering data with minimal latency, thereby increasing the reliability of IoT devices. Moreover, advanced technologies such as artificial intelligence (AI), augmented...

The digital era has brought unparalleled convenience and connectivity, but it has also opened the door to rising threats of fraud. As online transactions and digital services surge, the need for robust fraud detection and prevention systems has become a business imperative. Fraud not only disrupts financial operations but also erodes consumer trust and compliance with regulatory standards, making its mitigation a critical focus for organizations worldwide. The global fraud detection and prevention market reflects this urgency, with revenues reaching USD 27.9 billion in 2023. Projected to grow at a CAGR of 19.0% from 2024 to 2030, the market is expected to hit USD 94.2 billion by the decade’s end. Several factors are fueling this growth, including advancements in technology, the increasing number of internet users, and the heightened need to protect industries such as banking and finance. To learn more about this report:  https://bitl.to/3fRP Key Market Insights Driving Growth The ...

The passwordless authentication market is poised for significant growth, with projected revenues escalating from $10.8 billion in 2024 to $73.7 billion by 2032 , reflecting a robust compound annual growth rate (CAGR) of 27.4% during 2025–2032. Get Your Free Sample Report Here This surge is driven by the increasing demand for enhanced security measures, superior user experiences, and effective defenses against cyberattacks, reducing the reliance on traditional password systems. Passwordless authentication methods, which utilize hardware tokens, biometrics, and smartphone-based information, are gaining traction as secure alternatives to conventional passwords. The industry's expansion is further supported by the shift toward zero-trust security frameworks, the rise of decentralized identity solutions, and the integration of artificial intelligence (AI) in authentication processes. Additionally, regulatory compliance requirements and a heightened focus on user experience are propellin...