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Sports Medicine Market worth $9.45 Billion by 2029

The report "Sports Medicine Market by Product [Repair (Fracture & Ligament), Reconstruction, Implant, Prosthetic, Arthroscopy , Physiotherapy , Orthobiologics, Brace), Application (Knee, Shoulder, Ankle, Hip, Spine), End-User - Global Forecast to 2029", is projected to reach USD  9.45 Billion by 2029 from USD 6.79 Billion in 2024, growing at a CAGR of 6.8% during the forecast period. The field of sports medicine is growing as a result of numerous factors. The key factor comprises cutting-edge technologies, heightened emphasis on sports related injuries management  and extension of services for rehabilitation. Furthermore, innovations in products such as orthobiologics and arthroscopy are improving treatment outcomes and increasing demand. In addition, government and healthcare institutions globally are funding sports medicine awareness campaigns and infrastructures, which is further driving the market. As the need for prompt diagnosis and preventive care in the management of sports injuries becomes more widely recognized, the use of sports medicine related products and services is rising. The development of physiotherapy clinics and centers is increasing access to cutting-edge therapies, which is driving up market expansion. Prominent players like Arthrex (US), Stryker (US), Smith & Nephew (UK) and DePuy Synthes (US) are diversifying their product portfolios and participating in acquisitions and collaborations to enhance their market presence.These factors combine together increase need for sports medicine for the athleletes.

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September 18, 2024

Public Safety and Security Market worth $878.2 billion by 2029

According to a research report "Public Safety and Security Market by Solution (Critical Communication, C4ISR, Biometric Security, Surveillance, Emergency and Disaster Management, Cybersecurity), Application (Homeland, Critical Infrastructure, Transportation) - Global Forecast to 2029" published by MarketsandMarkets, the global Public Safety and Security Market is projected to grow from USD 520.8 billion in 2024 to USD 878.2 billion by 2029 at a compound annual growth rate (CAGR) of 11.0%. Public safety and security markets are effective in protecting people, societies, and the infrastructure that is established within a country from various threats, including crime, terrorism, natural disasters, and pandemics. The market for services and technology offered includes video surveillance, emergency management, cybersecurity, and biometric security. Due to the growing accommodation with terrorism and other crimes, the government is pressed to take safety measures of an advanced level. In addition, it would be evident that to the present day, the ever-evolving technological developments, from IoT and AI to Big Data, would back up more changes in strategies related to public safety. COVID-19 redefined public safety, with a lot of investment going into health-related security measures. This would be contrasted with the increasing rate of urbanization and infrastructure development, which, in turn, increases the demand for a holistic security solution, which amounts to smart city initiatives that enhance the quality of urban services and life.

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September 18, 2024

Serverless Computing Market worth $44.7 billion by 2029

According to a research report "Serverless Computing Market by Service Model (Function as a Service, Backend as a Service), Compute (Functions, Containers), Database (Relational, Non-relational), Storage, Application Integration, Monitoring & Security - Global Forecast to 2029" published by MarketsandMarkets, the Serverless Computing Market is expected to grow from USD 21.9 billion in 2024 to USD 44.7 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period. The expected growth in the global serverless computing market is driven by the increasing adoption of AI and machine learning technologies. The worldwide expansion of serverless computing is largely attributed to the widespread acceptance of these advanced technologies. The demand for serverless (FaaS/BaaS) solutions is expected to increase in verticals like IT, finance and healthcare that are looking at better scalability, operational efficiency and reduced costs through application development. Increased investment in an expanded analytics market along with automation technologies is expected to boost the forecasted revenues, thereby augmenting better management of applications and real-time data processing. These advances will support decision-making capabilities, additional resource alignment and enable innovative tools to work across teams. This means that serverless computing will be expanded in the future, mainly due to this service orchestration solution provided by functions becoming more and moreso outside traditional business systems.

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September 18, 2024

Window Lift Motors Market worth $3.8 billion by 2030

According to a research report "Window Lift Motors Market by Type (12 V, 24 V), Vehicle Type (PC, LCV, HCV), Vehicle Class, Window Position, Regulator Type, Aftermarket by End Use, Aftermarket by Sales Channel, Aftermarket by Vehicle Type and Region - Global Forecast to 2030" published by MarketsandMarkets, the global window lift motors market size is projected to grow from USD 3.5. Billion in 2024 to USD 3.8 Billion by 2030, at a CAGR of 1.6%. The window lift motors market is expanding rapidly, driven by the growing consumer preference for comfort and convenience features like power windows, which are becoming standard in modern vehicles. 48 V window lift motors are expected to have a significant impact in the market going forward. Additionally, developments in motor technologies, such as smart motors are expected to reshape the window lift motors market.

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September 18, 2024

Thermo Compression Forming Market worth $13.37 billion by 2029

The report "Thermo Compression Forming Market by Foam Type (Thermoplastic Foam, Needle-Punch Nonwovens, Light Weight Glass Mat Thermoplastic), End-use Industry (Automotive, Aerospace, Construction, Medical, Electrical & Electronics) - Global Forecast to 2029", is projected to reach a market size of USD 13.37 billion by 2029 from USD 11.00 billion in 2024, at a CAGR of 4.0%. North America is the one of the largest markets for compression molded components. The demand for foams used in thermo compression forming is experiencing significant growth across various industries, including automotive, construction, medical, aerospace, electronic & electronics, and more. Emerging nations such as US, Canada, Germany, UK, China and Mexico are expected to play a crucial role in driving the global thermo compression forming market forward.

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September 18, 2024

Polymethyl Methacrylate (PMMA) Market worth $6.1 billion by 2029

The report "Polymethyl Methacrylate (PMMA) Market by Grade (General Purpose, Optical), Form (Extruded Sheet, Cast Acrylic Sheet, Pellets, Beads), End-Use Industry (Signs & Displays, Construction, Automotive, Lighting Fixtures, Electronics) - Global Forecast to 2029", size is projected to grow from USD 5.1 billion in 2024 to USD 6.1 billion by 2029, at a CAGR of 3.4% during the forecast period. The Polymethyl Methacrylate (PMMA) market is driven by the increasing construction, automotive and electronics industries. However, the market faces restraints from competition from substitute materials. Opportunities lie in the growing demand for bio-based and innovative types of PMMA. The challenges include raw material shortages and a negative impact of the plastic on the overall environment.

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September 17, 2024

Pharmaceutical Drug Delivery Market worth $2,546.0 billion by 2029

The report "Pharmaceutical Drug Delivery Market by Route of Administration [Oral, Injectors (Pen, Auto Injectors) Implantable, Syrups, Gels, Pulmonary, Tablets, Syringes], Application (Cancer, Diabetes), Facility of Use (Hospital, Home Care) -Global Forecast to 2029", is projected to reach USD 2,546.0  billion by 2029 from USD 1,949.4 billion in 2024 at  a CAGR of  5.5% during the forecast period.

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September 17, 2024

Human Microbiome Market worth $4,206.0 million in 2030

The report "Human Microbiome Market by Product (Drugs, Probiotics, Prebiotics, Synbiotics), Diseases (Infectious, Gastrointestinal, Endocrine & Metabolic), Type (BCT/FMT, Live Biotherapeutics), End User (Hospitals, Clinics, Long-term Care) - Global Forecast to 2030", is expected to reach USD 4,206.0 million in 2030 from USD 814.6 million in 2024, at a CAGR of 31.5% during the forecast period.

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September 17, 2024

Post-Quantum Cryptography (PQC) Market worth $1,887.9 million by 2029

According to a research report "Post-Quantum Cryptography (PQC) Market by Solution (Quantum-safe Hardware, Quantum-resistant Encryption Products, Cryptographic Libraries, VPN, Authentication), Service (Migration Services, Quantum Risk Assessment) - Global Forecast to 2029" published by MarketsandMarkets, the Post-Quantum Cryptography (PQC) market size is estimated to grow from USD 302.5 million in 2024 to USD 1,887.9 million by 2029 at a Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period. The critical driver of post-quantum cryptography is the threat that quantum computers would pose against existing cryptographic solutions, like RSA (Rivest-Shamir-Adleman) and ECC (Elliptic curve cryptography), which hold highly sensitive data across sectors.

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September 16, 2024

Sustainable Tire Market worth $0.39 billion by 2029

The report "Sustainable Tire Market by Material Type (Rubber, Sustainable Carbon Black, Silica), Propulsion Type (Internal Combustion Engine, Electric Vehicles), Structure (Radial, Bias), Vehicle (Passenger, Commercial), & Region - Global Forecast to 2029", is USD 0.12 billion in 2024 and is projected to reach USD 0.39 billion by 2029, at a CAGR of 27.3%.

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September 16, 2024

All-terrain Vehicle Market worth $3.3 billion by 2030

According to a research report "All-terrain Vehicle Market by Application (Sport, Utility, Agriculture, Military), Drive (2WD, 4WD, AWD), Engine (<400, 400-800, >800cc), Fuel, Number of Wheels (ATV and Side-By-Side), Battery Capacity, Seating Capacity & Region - Global Forecast to 2030" published by MarketsandMarkets, The global all-terrain vehicle market size is projected to grow from USD 2.9 billion in 2024 to USD 3.3 billion by 2030 at a CAGR of 2.3%.

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September 16, 2024

Network Security Market worth $111.0 billion by 2029

According to a research report "Network Security Market by Solution (VPN, Data Loss Prevention, Firewall, Secure Web Gateway, DDOS Mitigation, UTM), Network Environment (Branch Campus Network Security, Data Center Network Security) - Global Forecast to 2029" published by MarketsandMarkets, the global network security market size is projected to grow from USD 78.2 billion in 2024 to USD 111.0 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.   Sophisticated cyber threats have been a major driver of the traction of network security solution adoption and the emergence of the new wave of threats such as ransomware and APTs. Prior to committing complex new attacks, the attackers target critical infrastructure, financial systems, and private data. So, organizations are heavily investing in network security solutions that track and block any incoming threats to preserve their assets and the company's operations in a combat environment.

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September 16, 2024

Africa Centrifugal Pump Market worth $903.1 million by 2030

According to a research report "Africa Centrifugal Pump Market by Type (Overhung Impeller, Between Bearing, Vertically Suspended), Operation Type (Electrical, Hydraulic, Air-driven), Stage (Single, Multi), End User (Industrial, Residential & Commercial) and Country - Forecast to 2030" published by MarketsandMarkets, With a compound annual growth rate (CAGR) of 5.5% over the forecast period, the Africa centrifugal pump market is expected to grow significantly, from   an estimated USD 653.8 million in 2024 to USD 903.1 million by 2030. The primary driver of this robust growth is the growing demand for superior centrifugal pumps, particularly in light of the region's expanding agricultural industry. Another important factor propelling the growth of the Africa centrifugal pump market is the increasing preference for solar water pumps, which make use of centrifugal pump technology. Because of their effectiveness and environmental friendliness, these solar-powered pumps are becoming more and more popular, especially in isolated and off-grid areas with limited access to traditional power sources. The growing uptake of solar water pumps is a testament to the region's commitment to sustainable solutions and the desire to harness renewable energy sources to address water management challenges. The transition to renewable energy solutions, coupled with the need for dependable water management systems in agriculture, is driving the growing demand for advanced centrifugal pumps in Africa.

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September 16, 2024

Business Jet Industry worth $156.99 billion by 2032

The report "Business Jet Market by Point of Sale (Pre-owned, OEM, Aftermarket), Aircraft Type (Light, Mid-Sized, Large, Airliner), End-Use (Private Jet User, Operator), Systems (Aerostructures, Avionics, Aircraft Systems), Range - Global Forecast to 2032" The business jet market size is projected to grow from an estimated USD 95.80 billion in 2024 to USD 156.99 billion by 2032, at a CAGR of 6.4% during the forecast period. The volume of new business jet is expected to be 793 in 2032 from 662 in 2024. The volume of used private jet retail transactions is expected to increase from 2,578 in 2024 to 3,289 in 2032. The increasing need for enhanced productivity and efficiency by business jet users, increased advancements in hybrid & electric technologies, and increasing number of high-net-worth individuals are driving the growth of the business jet industry.

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September 13, 2024

Antiscalants Market worth $5.9 billion by 2029

The report "Antiscalants Market by Type, Application (Power & Construction, Oil & Gas, Mining, Municipal Water Treatment & Desalination, Food & Beverage, Chemical & Pharmaceutical, Pulp & Paper), Process Type, & Region - Global Forecast to 2029", size is projected to grow from USD 4.5 billion in 2024 to USD 5.9 billion by 2029, registering a CAGR of 5.4% during the forecast period.

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September 13, 2024

IT Operations Analytics (ITOA) Market worth $127.4 billion by 2029

According to a research report "IT Operations Analytics (ITOA) Market by Technology (Prescriptive analytics, Predictive analytics), Application (Root Cause Analysis, Application Performance Monitoring (APM), Security & Event Management, Network Management, BPM) - Global Forecast to 2029" published by MarketsandMarkets, the market for IT operations analytics (ITOA) is estimated to grow from USD 26.8 billion in 2024 to USD  127.4 billion in 2029, at a CAGR of 36.6% during the forecast period. The growth of ITOA market is driven by the surge in IT operations data, which mandates advanced analytics, that allows efficient handling and management of the data. The complexity of multi-cloud environments pushes demand for unified analytics solutions and the growing need for real-time insights and automation.

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September 13, 2024

Automotive Gears Market worth $50.8 billion by 2030

According to a research report "Automotive Gears Market by Type (Planetary, Bevel, Rack & Pinion, Hypoid, Worm, Helical, Spur, Non-metallic), Application (Transmission, Differential, Steering, Others), Vehicle Type, Propulsion (ICE, Hybrid), Material, & Region - Global Forecast to 2030" published by MarketsandMarkets, the automotive gears market is projected to reach USD 50.8 billion by 2030 from USD 42.7 billion in 2024, at a CAGR of 3.0%.

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September 12, 2024

Urban Air Mobility Industry worth $41.5 billion in 2035

The report "Urban Air Mobility Market by Mobility Type (Air Taxi, Personal Air Vehicle, Cargo Air Vehicle, Air Shuttles & Metros), Solution (Platform, Charging, Vertiport), Platform Architecture (Multicopters, Lift + Cruise), Range & Region – Global Forecast to 2035" The urban air mobility market is estimated to be USD 4.6 billion in 2024 and is projected to reach USD 23.5 billion by 2030, at a CAGR of 31.2% between 2024 and 2030, and USD 41.5 billion by 2035, at a CAGR of 12.1% from 2030 to 2035. The Platform Volumes are expected to grow from 61,479 units in 2024 to 519,370 in 2030 to 875,438 units in 2035. Rapidly developing cities and increased road congestion in large towns create a need for alternative transportation. UAM is one answer to the development of ways to cut congestion, with a fleet of options that take faster and more direct routes through the air. Growing populations in urban areas further develop the need for additional transportation infrastructure, making UAM an extremely attractive option for planners and developers alike. Besides, UAM vehicles, particularly eVTOL aircraft, are considered green machines, which correspond to combustion engine vehicles, to reduce emissions. Besides, the eVTOLs have been designed to keep noise lower than helicopters so as not to cause noise pollution in urban areas, which is a great concern.

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September 12, 2024

Immersive VR Industry worth $34.9 billion by 2029

The report "Immersive VR Market Market by Head-Mounted Displays (HMDs), Gesture Tracking Devices, Display Walls & Projectors, Sensors, Semiconductor Components, Position & Room Trackers, Displays and Cameras - Global Forecast to 2029" The global immersive VR market was valued at USD 10.1 billion in 2024 and is projected to reach USD 34.9 billion by 2029; it is expected to register a CAGR of 28.0% during the forecast period. The growth in the immersive VR market can be ascribed to the technological advancement in VR hardware that requires lesser components to achieve full immersion, ease of content creation for immersive experiences, increasing adoption of digital methods for training and simulation purposes in various sectors such as enterprise (manufacturing) and aerospace & defense.

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September 12, 2024

Natural Dyes Market worth $6.4 billion by 2029

The report "Natural Dyes Market by Type (Plant Based, Animal Based, Mineral Based), Structure, Form, Application, End-Use Industry (FnB, Cosmetic & Personal Care, Pharmaceuticals, Pulp & Paper, Packaging, Stationary & Art Supplies) - Global Forecast to 2029", is projected to reach USD 6.4 billion by 2029, at a CAGR of 5.7% from USD 4.8 billion in 2024.

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September 12, 2024

AI Agents Market worth $47.1 billion by 2030

According to a research report "AI Agents Market by Agent Role (Productivity & Personal Assistants, Sales, Marketing, Customer Service, Code Generation), Agent Systems (Single Agent, Multi Agent), Product Type (Ready to Deploy Agents, Build Your Own Agents) - Global Forecast to 2030" published by MarketsandMarkets, the market for AI agents is anticipated to experience substantial expansion, ascending from a value of USD 5.1 billion in 2024 to a substantial worth of USD 47.1 billion by the year 2030. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 44.8% over the forecast period. AI agent adoption’s crucial determinant is the increasing demand for automation that enhances efficiency, scale and decision-making in diverse sectors. As businesses are constantly pressed to streamline operations while minimizing operational expenses, AI agents offer an effective alternative through automating repetitive functions, analyzing big datasets and providing real-time actionable insights. For instance, AI agents can concurrently manage a large number of inquiries, thus facilitating faster responses and also allowing human representatives to handle more complicated problems. For instance, in investment banking or medical industries, they are utilized for data analysis as well as pattern detection so that a timely and precise determination can be made. This automation improves operational efficiency and enables companies to expand their services without needing to hire more employees, making AI agents vital for achieving growth and staying competitive.

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September 12, 2024

Smart Glasses Industry worth $4,129.3 million by 2030

The report "Smart Glasses Market by Monocular & Binocular Glasses, Monochrome, Full-color Display, Photochromic, Electrochromic, Polymer-Dispersed Liquid Crystals (PLD), Suspended Particles Device, Gaming, Remote Inspection, Telemedicine - Global Forecast to 2030" The global smart glasses market is projected to reach USD 4,129.3 million by 2030 from USD 878.8 million in 2024; it is expected to grow at a CAGR of 29.4%. Key factors propelling the market growth include the rapid technological advancements, increased demand for AR smart glasses, and growing adoption in the industrial sector. Moreover, developments in 5G technologies, and consumer market expansion are expected to create significant opportunities for the smart glasses market. Regulatory constraints, safety concerns and continuously changing consumer preferences are expected to be restraining factors for the smart glasses market. Technical limitations such as the need for miniaturized components for smart glasses considering their smaller sizes are expected to create challenges for the smart glasses market. Increasing technological advancements in display technology, sensor technology, and processors are expected to drive market growth. Furthermore, the ability to offer an immersive and more interactive experience is enabling the growth of AR and MR smart glasses adoption. Demand for advanced MR smart glasses in industries such as manufacturing, warehousing, and healthcare for training of employees, and remote assistance is also driving the growth of the smart glasses market.

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September 11, 2024

Behavior Analytics Market worth $13.4 billion by 2029

According to a research report "Behavior Analytics Market by Solutions (User and Entity Behavior, A/B Testing, Heatmap, Feedback & Voice of Customer), Application (Customer Engagement, Brand Promotion, Workforce Optimization, Threat Detection & Prevention) - Global Forecast to 2029" published by MarketsandMarkets, the behavior analytics market is expected to reach USD 13.4 billion by 2029 from USD 5.5 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period.

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September 11, 2024

Power Factor Correction Market worth $3.3 billion by 2030

According to a research report "Power Factor Correction Market by Reactive Power (0-200 KVAR, 200-500 KVAR, 500 – 1500 KVAR, Above 1500 KVAR), Type (Fixed, Automatic), Sales Channel (Distributors, OEM Direct), Application, & Region - Global Forecast to 2030" published by MarketsandMarkets, the global Power Factor Correction Market is projected to reach USD 3.3 billion by 2030 from an estimated USD 2.4 billion in 2024, at a CAGR of 5.5% during the forecast period.

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September 11, 2024

Lithium-ion Battery Materials Market worth $120.9 billion by 2029

The report "Lithium-ion Battery Materials Market by Battery Chemistry (LFP, LCO, NMC, NCA, LMO), Material (Cathode, Anode, Electrolyte), Application (Portable Device, Electric Vehicle, Industrial, Power Tool, Medical Device), & Region - Global Forecast to 2029", is projected to grow from USD 41.9 billion in 2024 to USD 120.9 billion by 2029, at a CAGR of 23.6% during the forecast period. The lithium-ion battery materials market refers to the industry that manufactures and supplies necessary components for lithium-ion batteries, which are important for a variety of applications due to their high energy density and efficiency. This market includes a variety of materials such as cathodes, anodes, electrolytes, and separators, all of which contribute to the functionality of lithium-ion batteries. These batteries have numerous uses, including portable electronics such as smartphones, laptops, and tablets, as well as electric vehicles (EVs) and energy storage systems that promote renewable energy integration.

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September 11, 2024

Hydrogen Truck Market worth $10.8 billion in 2035

According to a research report "Hydrogen Truck Market by Vehicle Type, Fuel Cell Technology, Motor Power(Upto 200 Kw, 200-400 Kw, Above 400 Kw), Range( Upto 300 miles, 300-500 miles, Above 500 miles), Tank Size, Type of Hydrogen Tank, and Region - Global Forecast to 2035" published by MarketsandMarkets, the global hydrogen truck market is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%.

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September 10, 2024

Land Mobile Radio Industry worth $28.50 billion by 2029

The report "Land Mobile Radio Market by Technology (Analog, Digital- Terrestrial Trunked Radio (TETRA), Digital Mobile Radio (DMR), P25, Private Mobile Radio (PMR), NXDN, Tetrapol); Frequency (25-174 MHz, 200-512 MHz, 700 MHZ & above) - Global Forecast to 2029" The land mobile radio market is projected to grow from USD 17.60 billion in 2024 and is expected to reach USD 28.50 billion by 2029, growing at a CAGR of 10.1%  from 2024 to 2029. Land mobile radio systems are terrestrial voice communication networks, including portable radios, fixed base stations, repeaters, vehicle-mounted mobile radios. These systems are commonly used by security forces like police, fire-brigade, or emergency services for reliable communication among one another. However these systems have found many applications in the business world in sectors such as transportation, utility, and military & defense. A large number of users is one of the factors contributing to growth of land mobile radio system market.

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September 10, 2024

Security Testing Market worth $43.9 billion by 2029

According to a research report "Security Testing Market by Type (Network, Application, Device, Social Engineering), Network Security Testing (Penetration Testing, Vulnerability Scanning, Firewall), Application Testing Tools (RASP, SAST, DAST, IAST) - Global Forecast to 2029" published by MarketsandMarkets, the global security testing market size is projected to grow from USD 14.5 billion in 2024 to USD 43.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period. One of the key factors promoting the security testing will be the increasing incidence of cyberattacks that target the software's vulnerabilities. However, the organizations, being in the digitalized world are getting more and more dependent on the digital applications that require the identification of the system's security risks and their resolution before the potential exploitation of such risks by the attackers which is becoming the new crucial practice. This rising concern pushes organizations to adopt the security testing process in order to guard their systems, data, and reputation from the possible breaches.

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September 10, 2024

Unsaturated Polyester Resins Market worth $10.29 billion by 2029

The report "Unsaturated Polyester Resins Market by Type (Orthophthalic Resins, Isophthalic Resins, Dicyclopenntadiene Resins, Gelcoats), End-use Industry (Building & Construction, Marine, Transportation, Pipes & Tanks, Wind Energy), Region - Global Forecast to 2029", is projected to reach a market size of USD 10.29 billion by 2029 from USD 8.50 billion in 2024, at a CAGR of 3.9%. Asia pacific is the one of the largest markets for unsaturated polyester resins. The demand for unsaturated polyester resins is experiencing significant growth across various industries, including automotive, building & construction, electronical & electronics, marine and more. Emerging nations such as China, India, Brazil, and Mexico are expected to play a crucial role in driving the global unsaturated polyester resins market forward.

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September 10, 2024

Video Surveillance Storage Market worth $12.6 billion by 2029

According to a research report "Video Surveillance Storage Market by Storage Device (NAS, DAS, SAN), Storage Media (SSD, HDD), Storage Capacity (1TB, 2TB, 4TB, and above), Surveillance System Used (IP, Analog), and Software (Video Analytics, Video Management) - Global Forecast to 2029" published by MarketsandMarkets, the global video surveillance storage market will grow from USD 9.5 billion in 2024 to USD 12.6 billion by 2029 at a compounded annual growth rate (CAGR) of 5.7% during the forecast period. AI, cloud computing, and edge storage are continuously rising as the future of video surveillance storage. Hence, while the need for higher resolution, frame rates, and extended retention periods is rising, solutions are moving to more combinations of on-premises infrastructure and cloud. Due to AI analytics, the data that would have had to be retained in the past due to the need for computation can now be processed in real-time. Furthermore, there are enhancements in compression technologies and archiving options, and access storage uses hyper-converged structures, also known as HCI, for surveillance systems.

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September 9, 2024

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