Future Market Insights (FMI) stories - Page 3

FMI says increasing accessibility of VR and AR devices for unique and personalized travel experiences will drive the virtual tourism market.

The process instrumentation market is capturing a valuation of US$18.46 billion in 2023 and is predicted to reach US$37.34 billion by 2033.

The high content screening market will register positive growth, with the overall valuation forecast to reach US$1.6 billion in 2022, according to FMI.

The digital health market is expected to be worth US$224.24 billion in 2022 and is likely to grow at a CAGR of 27.7% to reach USD $2.586 trillion by 2032.

Rising demand for AI-powered customer support services, omnichannel implementation, and lower chatbot development costs is driving market growth.

From software to hardware and chipsets, the role AI in the automotive market is prominent, according to new analysis.

The IoT communication protocols market is set to be worth US$24.6 billion by 2032, with a CAGR of 4.5% between 2022 and 2032.

According to Future Market Insights, the growing usage of industry-specific customised anechoic chambers is the market's salient factor.

Over the next ten years, global digital psychotherapeutics demand will likely accelerate at 27.6% CAGR and surpass US$12.2 billion.

Enterprises' increased demand for frameworks of interconnected devices has created a demand for robust firewalls.

Digital health has become an increasingly prevalent buzzword due to the increasing implementation of digital health platforms.

The global fibre to the x (FTTx) market revenue is anticipated to reach US$17.3 billion by 2033, up from US$10.2 billion in 2023.

The worldwide computational fluid dynamics (CFD) market is projected to reach US$5.7 billion by 2033, driven by demand from various industries.

The fibre optic test equipment market is to be US$923 million in 2023 and is expected to reach US$1,779.9 million by 2033, with a 6.8% CAGR.

The robotic lung biopsy market is projected to be US$408.0 million in 2023, with a projected growth of 9.6% CAGR by 2033.

The hermetic packaging market, with a 4.2% CAGR from 2023 to 2033, is expected to be US$ 5.2 billion by 2033, up from US$ 3.4 billion in 2023.

The market is expected to see rapid expansion, due to rising connected device usage, the emergence of hybrid workspaces, and 5G-driven applications.

The military communications market is valued at US$ 43.09 billion in 2023, and with a CAGR of 10.5% through 2033, it is predicted to reach US$116.96 billion.

FMI has found the market is predicted to reach US$626.23 billion in 2023. It's anticipated to develop at a CAGR of 17.8%, reaching US$3221.36 billion by 2033.

The adoption of intelligent virtual store design solutions for seamless business encourages companies to implement online commerce platforms.