Market Research

The global LED driver market size is expected to reach at USD 11.31 billion by 2025, according to a new report by Grand View Research, Inc. The light-emitting diode driver market is projected to expand at a CAGR of 16.3% over the forecast period. LEDs have emerged as an energy-efficient alternative to traditional light sources in the last decade; thus, they have extensive demand in lighting and display segments across several industries. LED lighting is replacing the traditional lighting products due to their benefits, such as longer life, higher energy-efficiency, miniaturization, lower heat output, and directionality. Moreover, rising demand for IOT-based connected lighting solutions due to the rising number of smart homes in developed countries will contribute to the LEDdrivermarket growth. Furthermore, governments of various countries have launched Smart City initiatives to improve the energy-efficiency of populated cities, which is anticipated to boost the market further. Dem...

The global microcontroller market size is predicted to attain USD 47.74 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 10.8% over the forecast period, owing to the increasing focus on automation and Artificial Intelligence (AI) across various verticals such as automotive and industrial. Globally, more than 30 billion Microcontroller Units (MUCs) were shipped in 2019. Increasing demand for embedded control systems in multifunctional devices, such as vehicles, robots, medical devices, mobile radio, and residential appliances, is also playing a principal role in driving the market. The growing use of consumer electronics in day to day lives is anticipated to drive the need devices with higher performance and greater functionalities. Microcontrollers would play a crucial role in the development of such devices leading to the market growth. Rising need for agility and flexibility in the industrial ecosystem due to the...

The global workflow management system market size is expected to reach USD 24.8 billion by 2025 and is anticipated to exhibit a CAGR of 27.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. Workflow management systems (WFMS) facilitate seamless and automated execution of workflows. It permits the users to model and define workflows, set their budget limitations and deadlines, and decide the environments in which they are supposed to be executed. The systems then proceed with the evaluation of these inputs and implement them within the predefined constraints. These systems are majorly focused on automating document-driven business processes and ultimately improving efficiency. Workflow management systems are increasingly being deployed across different industry verticals, including BFSI, healthcare, retail, IT & telecom, and transportation. Technological advancements in the BFSI industry is contributing to the growth of the market. The workflow managem...

The global air compressor market size is expected to reach USD 40.43 billion by 2025 registering a CAGR of 3.8% from 2019 to 2025, according to a new study by Grand View Research, Inc. Air compressors find applications in various industries, such as manufacturing, semiconductors & electronics, home appliances, healthcare, oil & gas, food & beverages, and energy. Rising need for reducing CO 2 emissions and stringent environment conservation regulations are expected to boost the market growth over the forecast period. Increasing demand for monitoring of compressed air installation services is further contributing to the revenue growth. Moreover, reliability, eco-friendly features, low maintenance costs, and ease of handling offered by the product are boosting its demand. In addition, need for improved air quality, growing consumer awareness regarding product quality, and supportive government policies on energy conservation are expected to drive the market. Furthermore,...

The global content delivery network market size is expected to reach USD 23,064.3 million by 2025, exhibiting a CAGR of 11.7% over the forecast period, according to a study conducted by Grand View Research, Inc. The unabated growth in internet traffic and data consumption is expected to drive the growth of the market. The growing demand for over-the-top (OTT) videos, online gaming, and internet advertising is also expected to contribute to the market growth. CDN solutions help in reducing the transmission time of the content and subsequently in enhancing the performance of content delivery. The demand for CDN solutions is rising significantly owing to the growing popularity of online videos and live streaming. Security, traffic load scaling, and reduction in latency are particularly necessary to enhance the performance of video content delivery. Plummeting data tariffs, increasing smartphone penetration, and high-speed data network rollouts are also driving the CDN market growth. ...