Global Industry Trends

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...

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...

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...

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...

According to the latest market research study published by P&S Intelligence, the global contact center software market is experiencing significant growth, valued at approximately USD 50.7 billion in 2024 and projected to reach USD 162.6 billion by 2030 , advancing at a CAGR of 21.2% during the forecast period. This surge is primarily driven by the increasing integration of AI-powered solutions into cloud-based contact centers, enhancing customer experiences and operational efficiency.​ The adoption of smart technologies, including mobile supercomputing, machine learning, and AI, is accelerating the fourth industrial revolution, further propelling the demand for advanced contact center software. Cloud-based solutions are particularly gaining traction due to their flexibility, scalability, and cost-effectiveness, enabling organizations to manage contact centers remotely without significant infrastructure investments.​ Download free Report Sample Now Key Insights Deployment Mode...

According to the latest market research study published by P&S Intelligence, the global video surveillance market is poised for significant growth, expected to reach USD 99.7 billion by 2030 from USD 58.5 billion in 2024, driven by a robust CAGR of 9.3%. This expansion is largely attributed to the increasing demand for enhanced security across various sectors, including commercial, industrial, and public spaces. Advancements in artificial intelligence (AI) and video analytics, as well as the rising adoption of Internet Protocol (IP)-based surveillance systems, are propelling the market forward. Additionally, regulatory pressures to bolster security measures are contributing to the widespread implementation of advanced surveillance technologies. The shift towards AI-powered surveillance systems, capable of real-time monitoring and intelligent data analytics, is reshaping the security landscape. Moreover, the growing need for remote video surveillance and cloud-based storage is fu...

According to the latest market research study published by P&S Intelligence, the global call center AI market is on a remarkable growth trajectory, projected to reach USD 3,378.9 million in 2024 and surge to USD 12,910.6 million by 2030, advancing at a robust CAGR of 25.0%. This impressive expansion is largely fueled by the rising demand for omnichannel customer support, wherein businesses seek to streamline customer interactions across voice, text, and social media platforms. AI's ability to deliver real-time, cost-effective assistance is rapidly transforming the traditional call center landscape into a hub of intelligent automation and enhanced client satisfaction. The growing integration of machine learning (ML) and natural language processing (NLP) within AI systems is enabling quicker, more accurate resolution of customer issues. Furthermore, AI not only improves customer service efficiency but also reduces operational costs. As per recent data, 71% of contact centers a...