Market Overview The global electric motors market size and share was valued at USD 154.42 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.30% during the forecast period. This expansion is largely driven by the rapid adoption of electric mobility, the increasing demand for energy-efficient systems, and a growi
Fog Computing Market Outlook: Enabling Low-Latency Applications
Market Overview The global fog computing market was valued at USD 294.01 million in 2023 and is projected to witness substantial growth, expanding at a robust CAGR of 40.1% during the forecast period. Fog computing, also referred to as fog networking or fogging, is emerging as a vital component in the evolution of data processing, especially in
Durable Medical Equipment Market Rises Amid Chronic Disease Prevalence
Market Overview The global durable medical equipment market was valued at USD 210.85 billion in 2022 and is expected to grow at a CAGR of 6.1% during the forecast period. Durable medical equipment (DME) refers to devices and supplies that are used in healthcare settings or home care to aid in the diagnosis, monitoring, or treat
Strengthening Digital Trust: Key Drivers of the IAM Market
Market Overview The global identity & access management (IAM) market was valued at USD 17.25 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.4% during the forecast period. As digital transformation accelerates across all industries, organizations are increasingly investing in IAM solutions to manage and
Keyless Entry, Limitless Potential: Growth in the Smart Lock Sector
Market Overview The global smart lock market size and share was valued at USD 2.69 billion in 2023 and is anticipated to generate an estimated revenue of USD 11.92 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.10% over the forecast period, 2024 to 2032. This exponential growth is fueled by increasing adoption of smart ho