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Showing posts from October, 2022

Global eDiscovery software market was valued to be USD 10.22 billion in 2021

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    Global eDiscovery software market was valued to be USD 10.22 billion in 2021, and it is expected to reach USD 18.7 billion by 2028 at a CAGR of 8.5% over the forecast period 2022 - 2028. Document review software, commonly known as eDiscovery software, enables legal practitioners to handle electronic documents during investigations and discovery. ESI (electronically stored information) may be collected, handled, found, and preserved with the use of eDiscovery software. As a result of these factors, eDiscovery software is becoming more and more popular, which is boosting the market for it. One of the key elements fueling the expansion of the eDiscovery software industry is the increase in the amount of electronically stored data in companies. The rising applications in a number of end-use industries, including energy, travel & hospitality, healthcare, government, legal, information technology, media & entertainment, and others, are projected to fuel the growth of the e

Global Data Center Transformer Market Size, Share and Forecast 2028

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  Global data center transformer market size was valued at USD 9.5 billion in 2021, and it is expected to reach a value of USD 14.47 billion by 2028, at a CAGR of 6.2% over the forecast period (2022-2028). Transformers are present in a data centre because of the growing demand for improved quality power supply as a result of the increasing workload on the data centres. For instance, according to estimates from The International Energy Agency (IEA), the workload at data centres is increasing steadily, going from a 3.2 index in 2015 to a 7.5 index in 2019. Moreover, it is predicted that a crucial element that favourably affects market growth is the growing necessity to guarantee proper power distribution among data centres. Data centre transformer demand is anticipated to increase throughout the projected period as a result of the fast expanding data traffic driving data storage and the continuous growth of the global data centre industry. For instance, according to the IEA, the dem

Global virtual reality (VR) in the manufacturing industry market was valued to be USD 1.2 billion in 2021

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  Global virtual reality (VR) in the manufacturing industry market was valued to be USD 1.2 billion in 2021, and it is expected to reach USD 4.8 billion by 2028 at a CAGR of 39.4% over the forecast period 2022 - 2028. Over time, the manufacturing business has seen a significant transition as a result of technological advancements. Industry 4.0, the digital twin, and artificial intelligence have all offered room for several virtual reality applications in the industrial sector. Virtual reality has had a favorable impact on quality control, worker safety, and product design. Manufacturers have been dealing with a shortage of competent laborers and an increase in manufacturing time for the past few years. Manufacturers have been compelled to implement effective and cutting-edge technical solutions by factors like economic growth, globalization, and the growing demand to boost market value. A growing tendency of digitalization has been noticed among manufacturers in recent years. Get

Global Volumetric Video Market Size was valued at US$ 1.98 billion in 2021

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  Global Volumetric Video Market Size was valued at US$ 1.98 billion in 2021, and it is expected to reach a value of US$ 10.02 billion by 2028, at a CAGR of 25.73% over the forecast period (2022 - 2028). Volumetric capture, also known as volumetric video, is a method of capturing a three-dimensional space, such as a location or performance. This type of document collects data that can be viewed on flat screens, 3D displays, and VR goggles. Volumetric video is an interesting and rapidly evolving technology. As a 'new' area, volumetric video applications are constantly being refined, including holograms, digital humans, gaming, training, brand experiences, metaverse experiences, and much more. The capture stage is an important part of the volumetric video, and there are now several volumetric capture studios operating around the world. Furthermore, several companies have emerged in the volumetric video application space, offering specific document management capabilities to mo