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SAN FRANCISCO, May 10, 2021 /PRNewswire/ The global computer aided engineering market size is anticipated
to reach USD 16.19 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 9.1% from 2021 to 2028. The rapid growth of the wearable industry is likely to increase the use of Computer Aided Engineering (CAE) software in the electronics industry. The major players in the market are in search of new sources for revenue as the smartphone market is in the maturity stage. As a result, the demand for wearable technology has increased the demand over the forecast period.
/PRNewswire/ The global high-frequency trading server market size is expected to reach USD 501.0 million by 2028, registering a CAGR of 3.5% from 2020 to.
Machine Vision Market Size Worth $21.17 Billion By 2028 | CAGR: 6.9%: Grand View Research, Inc.
SAN FRANCISCO, April 27, 2021 /PRNewswire/ The global machine vision market size is expected
to reach USD 21.17 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 6.9% from 2021 to 2028. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across the industrial sectors is leading to the application of vision-guided robotic systems. Industrial verticals such as automotive, pharmaceutical, packaging, and food and beverage are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.
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SAN FRANCISCO, April 22, 2021 /PRNewswire/ The global precision farming market size is anticipated
to reach USD 16.35 billion by 2028, according to a new report by Grand View Research, Inc. It is projected
to expand at a CAGR of 13.1% from 2021 to 2028. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops. The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control systems. It also involves maintenance services and managed services. Additionally, it incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data.
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SAN FRANCISCO, April 20, 2021 /PRNewswire/ The global 5G services market size is estimated
to reach USD 664.75 billion, registering a CAGR of 46.2% from 2021 to 2028, according to a new study by Grand View Research, Inc. The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period. The potential adoption of 5G services for remote patient monitoring and remote surgery applications is also anticipated to propel the market growth from 2021 to 2028.
Key suggestions from the report:
In North America, the U.S. is anticipated to reach nearly USD 148 billion by 2028 owing to the rising demand for higher data speeds for several end-use applications including M2M communications, energy & utility management, and smart mobility management