Global Industry Trends

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...

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...

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.​...