Global sensor testing market is anticipated to grow at a CAGR of 5.8% during the forecast period (2023-2030). The global sensor testing industry is growing due to several factors which include the growing adoption of advanced technologies, and increasing safety concerns. Hence, the market players and government are focusing on testing sensors for safety concerns. In May […]
Category Archives: Technology
The US contactless payment market is anticipated to grow at a CAGR 16.0% during the forecast period. The US has a huge potential for the growth of the contactless payment market. However, the use of contactless payments in the US is very low. The GDP of the US was estimated to be about $20.50 trillion […]
UK contactless payment market is anticipated to grow at a CAGR 15.0% during the forecast period. UK contactless payment market has held the major market share due to high adoption and awareness. Due to modernization trend, adoption is also growing in UK at a high rate. UK is leading the market with the value of $460 […]
North American contactless payment market is anticipated to grow at a CAGR 15.9% during the forecast period. The factor such as presence of technology giants such as Google, Amazon, and Apple among others, the development of contactless payment-based platform is positively growing. Thus, propels the growth of the North American contactless payment market during the forecast […]
The Indian contactless payment market is anticipated to grow at a CAGR 17.4% during the forecast period. India is transforming into a digital nation with the adoption of internet services in the sectors of automotive, healthcare and manufacturing. With the service sector being the major contributor to the country’s economy, software services are playing a […]
European contactless payment market is anticipated to grow at a CAGR 14.7% during the forecast period. European countries are considered to befertile grounds for contactless payments. Countries are providing a positive environment for various contactless platforms such as Apple Pay, Barclays Contactless Mobile, and others. For instance, as per UK Finance, a total of 38% […]
The China contactless payment market is anticipated to grow at a CAGR 16.6% during the forecast period. Chinese consumers are adopting contactless payment and e-commerce methods at a faster rate as compared to the rest of the world. Increasing adoption of online retail, financial and on-demand services and prefers the use of contactless payment method. China […]
Asia-Pacific contactless payment market is anticipated to grow at a CAGR 16.2% during the forecast period. Asia-Pacific is the fastest growing region in ICT sector due to its rapid transformation towards digital economies. Region comprises fastest emerging economies of India and China. Additionally, growing South East Asian countries such as Indonesia, Philippines, Singapore and others […]
The global TMDS market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. Transformers improve the safety and efficiency of power systems by rising and lowering voltage levels as and when required. These are used in a wide range of residential and industrial applications most importantly in the distribution and regulation of […]
The global 3D reconstruction market is projected to grow at a considerable CAGR of around 8% during the forecast period. 3D reconstruction technology can be used in many applications that art analysis and restoration, phenotype analysis, film, art analysis and restoration, and designing of game graphics, among others across the end-users. The high adoption of […]