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GIS Market Expansion Driven by Cloud and Mobile Technology

Geographic Information System Market

The global geographic information system (GIS) market is on a trajectory of rapid growth, projected to expand from USD 14.8 billion in 2024 to USD 31.2 billion by 2030. This significant increase represents a compound annual growth rate (CAGR) of 13.1%, underpinned by a combination of technological advancements, rising investments in GIS solutions, and the growing importance of spatial data across various industries. As industries worldwide continue to recognize the value of location-based insights for operational efficiency and decision-making, GIS is becoming an indispensable tool for managing and analyzing geographic data.

A primary driver of this growth is the ever-increasing need for accurate geographic data across a broad range of applications. Sectors such as transportation, urban planning, agriculture, military defense, and telecommunications are increasingly relying on GIS technology for location intelligence, strategic decision-making, and more. Additionally, the proliferation of smart devices, including smartphones and tablets, is significantly enhancing the demand for mobile GIS applications, making geographic data more accessible and valuable for businesses and governments alike.

The market’s expansion is also being propelled by the integration of advanced technologies such as cloud computing, artificial intelligence (AI), and the Internet of Things (IoT). These technologies enable real-time data analysis, which is particularly important for applications such as disaster management, environmental monitoring, and urban development. Furthermore, the increasing adoption of cloud-based GIS solutions is driving cost efficiency and accessibility, making these solutions more appealing to businesses of all sizes.

North America continues to be the largest market for GIS, driven by the presence of established technology infrastructure, high investments in R&D, and a strong demand from industries such as transportation, utilities, and defense. However, the Asia-Pacific (APAC) region is poised for the fastest growth, as countries in this region, such as China and India, are rapidly urbanizing and investing in technological advancements to improve infrastructure, public services, and governance. This growth is expected to continue as GIS solutions become essential for smart city development, traffic management, and environmental monitoring.

Key Insights

Market Size and Growth

The global GIS market is projected to grow from USD 14.8 billion in 2024 to USD 31.2 billion by 2030, at a CAGR of 13.1%. This growth reflects increasing demand across various industries, driven by the need for efficient geographic data management and analysis tools.

Regional Growth

North America currently holds the largest share of the GIS market, owing to its technological infrastructure and high demand for GIS applications in sectors like defense, urban planning, and telecommunications. However, the Asia-Pacific region is expected to experience the highest growth, driven by rapid urbanization and significant investments in GIS technologies. Key markets in the region include China, India, and Japan, where GIS is being adopted for smart city projects, infrastructure management, and disaster response.

Segmentation by Component

In 2024, GIS hardware, particularly GNSS/GPS systems, holds the largest market share, accounting for nearly 50% of the total market value. However, GIS software is rapidly gaining traction due to advancements in cloud computing, which allow for real-time data processing and analysis. This segment is growing at the fastest rate, with organizations across industries increasingly adopting cloud-based GIS solutions for greater accessibility and cost-efficiency.

Applications in Mapping

Mapping applications are projected to maintain their dominance, comprising approximately 40% of the GIS market share in 2024. The need for precise mapping tools is driven by urban planning, land management, and environmental monitoring requirements, particularly in fast-growing cities and regions with complex geographical landscapes. Mapping functions are also critical for disaster management, as they provide the necessary data for real-time crisis response.

Rise of Location-Based Services

Location-based services (LBS) are a major driver in the GIS market, expected to grow at a CAGR of 13.6% through 2030. The rise of mobile devices and internet connectivity has accelerated demand for LBS across various applications, including navigation, fleet management, and personalized marketing. Companies like Uber and Lyft are leveraging GIS for route optimization, while retail businesses are using it to enhance customer experiences through geospatial analytics.

Military and Defense Applications

The military and defense sectors are increasingly adopting GIS technology for strategic planning, logistics, and real-time operations management. GIS plays a crucial role in satellite imaging, terrain analysis, and operational intelligence, helping military forces optimize resource deployment and improve decision-making processes. This trend is expected to continue, with defense budgets allocated toward GIS technology to enhance national security capabilities.

Agricultural Applications

GIS is also transforming agriculture, particularly in precision farming. By using GIS to analyze soil data, monitor crop health, and predict yields, farmers can optimize resources, reduce waste, and improve crop productivity. As global demand for food grows, the role of GIS in sustainable agriculture will continue to expand, supporting efforts to address food security challenges.

Smart Cities and Urban Development

GIS is becoming an essential tool in the development of smart cities. Urban planners use GIS to optimize land use, plan infrastructure projects, and manage traffic systems. For instance, GIS is used to identify suitable locations for new roads, buildings, and public utilities, as well as to track air quality and other environmental factors. As the global population continues to urbanize, the role of GIS in urban management will become even more critical, driving the adoption of these solutions in cities worldwide.

Technological Integration

While GIS technology continues to evolve, integration challenges remain, particularly in harmonizing GIS with other enterprise systems like Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP) solutions. This creates opportunities for further development in GIS interoperability and system integration, which will help organizations maximize the value of their geographic data.

Data Privacy and Security

With the increasing use of GIS for location tracking and data analysis, data privacy and security concerns are becoming more prominent. Companies are investing in cybersecurity measures to protect sensitive location data from breaches, which will drive innovation in GIS security protocols and technologies.

The GIS market’s future is filled with potential, with opportunities across industries and regions. As GIS technology becomes more advanced and accessible, its adoption is set to continue growing, transforming how businesses and governments utilize geographic data for better decision-making and improved efficiency.

About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

Contact:
Chandra Mohan
AVP – Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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Rising Water Efficiency Needs Drive Smart Irrigation Market

Smart Irrigation Market

According to the latest market research study published by P&S Intelligence, the global smart irrigation market is experiencing significant growth, with revenues projected to increase from USD 1.8 billion in 2024 to USD 4.4 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.4%. This expansion is driven by heightened research and development activities and the widespread adoption of energy-efficient smart irrigation systems. Additionally, regions frequently facing extreme weather conditions are increasingly relying on these advanced systems to ensure efficient water management in agriculture.​

Key Insights

Segmentation Analysis:​

The market encompasses various systems, including weather-based and sensor-based solutions.​

Key components comprise controllers, sensors, and water flow meters.​

Applications span both agricultural and non-agricultural sectors, with non-agricultural applications currently holding the largest market share. ​

Regional and Geographical Trends:​

North America leads the market in size, attributed to early adoption and technological advancements.​

The Asia-Pacific region is the fastest-growing market, driven by increased deployment of remote sensing technologies and integration of IoT devices in countries like India, China, South Korea, and Australia. ​

Technological Advancements Shaping the Market:​

Integration of IoT-enabled systems allows automatic irrigation based on real-time soil moisture levels, enhancing water conservation.​

Advanced features incorporating artificial intelligence (AI) and machine learning (ML) facilitate temperature and soil moisture sensing, weather pattern tracking, and long-term environmental forecasting, optimizing water usage and preventing wastage. ​

Competitive Dynamics, Major Players, and Emerging Opportunities:​

The market is fragmented, featuring a diverse range of applications and technologies, which encourages the entry of niche and personalized product offerings.​

Prominent manufacturers include Rain Bird Corporation, The Toro Company, Hunter Industries Inc., Manna Irrigation, Stevens Water Monitoring Systems, Delta-T Devices, HydroPoint, GREEN ELECTRONICS LLC, Valmont Industries Inc., Water Ways Technologies Inc., Orbit Irrigation Products, and Acclima Inc.

Government initiatives promoting sustainable agriculture and water conservation, such as India’s Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), are creating favorable conditions for market expansion. ​

Overall, the smart irrigation market is poised for robust growth, driven by technological innovations, supportive government policies, and the increasing need for efficient water management solutions across various regions.

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AutoML Market to Reach $15.5B by 2030 with 52.8% CAGR

Automated Machine Learning (AutoML) Market

Machine learning is no longer just for data scientists with advanced coding skills. Automated machine learning (AutoML) is transforming industries by making artificial intelligence (AI) more accessible and efficient. The global AutoML market generated a revenue of $866.3 million in 2023, and its growth trajectory is nothing short of remarkable. With a projected CAGR of 52.8% from 2024 to 2030, the market is expected to reach $15,499.3 million by 2030.

As organizations across industries seek to automate complex processes and extract insights from data, the adoption of AutoML is surging. From fraud detection in financial services to personalized recommendations in retail, businesses are leveraging this technology to enhance decision-making and improve efficiency. The following sections explore the driving forces behind this growth, the industries leading the charge, and the competitive landscape shaping the future of AutoML.

The Expanding Role of AutoML Across Industries

AutoML is revolutionizing how industries approach data analysis and decision-making. With its ability to automate tasks that once required specialized expertise, this technology is unlocking new opportunities for businesses. Several sectors are experiencing significant transformations due to AutoML adoption.

Financial Services: Strengthening Fraud Detection and Risk Management

Financial institutions have long relied on data analytics to detect fraud, assess risk, and enhance customer experiences. However, traditional machine learning models require extensive time and expertise to develop. AutoML streamlines this process, enabling banks and financial service providers to implement fraud detection systems that analyze transactions in real-time. By identifying unusual spending patterns and suspicious activities, these models help prevent financial crimes more effectively.

Beyond fraud detection, AutoML is also enhancing risk assessment and credit scoring. Lenders can evaluate loan applications faster and with greater accuracy by analyzing a borrower’s financial history and behavior patterns. This not only improves decision-making but also reduces the risk of defaults.

Retail: Delivering Personalized Customer Experiences

The retail industry is increasingly relying on AI-driven solutions to improve customer engagement and optimize operations. AutoML is playing a crucial role in personalized product recommendations, helping retailers analyze large volumes of customer data to understand preferences and purchasing behavior. By leveraging machine learning, businesses can offer targeted promotions and customized shopping experiences that drive higher sales and customer satisfaction.

Inventory management is another area where AutoML is making an impact. By predicting demand fluctuations and optimizing supply chains, retailers can reduce stock shortages and minimize waste. This results in improved operational efficiency and better financial outcomes.

Marketing and Sales: Optimizing Lead Scoring and Customer Retention

AutoML is transforming marketing strategies by providing businesses with deeper insights into customer behavior. Predictive lead scoring is one of its most valuable applications, allowing sales teams to prioritize leads based on their likelihood of conversion. By analyzing past interactions, purchasing history, and engagement levels, AutoML models help businesses allocate resources more effectively and increase revenue.

In customer retention, AutoML enables companies to predict churn rates and implement proactive strategies to retain customers. By identifying early warning signs, businesses can offer personalized incentives or support to prevent customer attrition.

Healthcare: Advancing Diagnostics and Patient Care

The healthcare industry is benefiting from AutoML’s ability to process vast amounts of medical data quickly and accurately. In diagnostics, AI-powered models can analyze medical images, detect anomalies, and assist doctors in making accurate assessments. AutoML is also being used in predictive analytics for disease prevention, helping healthcare providers identify at-risk patients and intervene earlier.

Additionally, the pandemic accelerated the adoption of AI-driven solutions in healthcare. Chatbots powered by AutoML were deployed to screen COVID-19 symptoms, manage patient inquiries, and streamline hospital workflows. A notable example is Clevy.io, a French start-up that launched a chatbot to facilitate access to official government communications about the pandemic.

Market Growth and Regional Trends

The AutoML market is witnessing explosive growth, driven by increasing demand for AI-powered solutions across industries. Several key factors are fueling this expansion.

North America Leads in Adoption and Innovation

North America currently holds the largest share of the AutoML market, primarily due to its advanced technological infrastructure and early adoption of AI-driven solutions. The presence of major tech companies investing in machine learning, along with a strong ecosystem of start-ups, is contributing to the region’s dominance.

Companies like Amazon, Google, and Microsoft are continuously enhancing their AutoML offerings. For instance, in December 2022, Amazon launched eight new capabilities for Amazon SageMaker, its end-to-end machine learning service. These enhancements enable developers, data scientists, and business analysts to build, train, and deploy machine learning models more efficiently.

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Asia-Pacific Emerges as the Fastest-Growing Market

While North America leads in market share, Asia-Pacific is the fastest-growing region for AutoML adoption. Countries like China, India, and Japan are investing heavily in AI research and digital transformation. The rise of e-commerce, fintech, and healthcare innovations in this region is driving the demand for machine learning solutions.

Government initiatives supporting AI adoption, coupled with an increasing number of start-ups leveraging AutoML, are accelerating growth. Businesses in India and Southeast Asia are particularly embracing AI to improve customer experiences and optimize business processes.

The Competitive Landscape and Future Outlook

The AutoML market is becoming increasingly competitive, with established players and emerging start-ups vying for market share. Companies are focusing on innovation, strategic partnerships, and expanding their service offerings to stay ahead.

Key Players Driving Innovation

Leading tech companies are continuously improving their AutoML platforms to make machine learning more accessible. Some of the key players in the market include:

  • Amazon (AWS SageMaker) – Enhancing ease of use for developers and businesses.
  • Google (AutoML) – Offering powerful tools for automated model training and deployment.
  • Microsoft (Azure Machine Learning) – Providing enterprise-level AI solutions.
  • IBM (Watson AutoAI) – Specializing in AI-driven business intelligence.

Smaller companies and start-ups are also contributing to the market’s dynamism, introducing innovative solutions tailored to specific industry needs.

Future Trends Shaping AutoML

Several emerging trends are set to shape the future of AutoML:

  • Integration with No-Code and Low-Code Platforms – Making AI more accessible to non-technical users.
  • Edge Computing and IoT Integration – Enabling real-time machine learning on edge devices.
  • Greater Focus on Explainability – Enhancing transparency in AI decision-making.
  • Advancements in Natural Language Processing (NLP) – Improving AI’s ability to interpret and generate human language.

As AutoML continues to evolve, businesses that adopt these technologies early will gain a competitive advantage, leveraging AI to drive innovation and efficiency.

Conclusion

Automated machine learning is no longer a futuristic concept—it is reshaping industries and becoming an essential tool for businesses worldwide. The market’s rapid growth, expanding applications, and increasing accessibility highlight its transformative potential. From fraud detection in finance to personalized experiences in retail and healthcare advancements, AutoML is unlocking new possibilities across sectors.

With North America leading in innovation and Asia-Pacific emerging as a powerhouse for growth, the future of AutoML looks promising. As companies continue to invest in AI-driven solutions, those that embrace AutoML will be best positioned to thrive in the data-driven era.

The question now is not whether businesses should adopt AutoML, but how quickly they can leverage it to stay ahead in an increasingly competitive landscape.

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Global Demand for Digital Identity Solutions Surges Amid Cybersecurity Risks

Digital Identity Solution Market Trends

The global digital identity solutions market is experiencing significant growth, with revenues projected to increase from USD 40.1 billion in 2024 to USD 117.42 billion by 2030, reflecting a compound annual growth rate (CAGR) of 19.6% during this period.

This surge is primarily driven by the escalating number of cybercrimes and fraudulent activities, particularly in the banking, financial services, and insurance (BFSI) and healthcare sectors. Technological advancements, such as the integration of artificial intelligence (AI), machine learning (ML), and blockchain, are enhancing the authentication capabilities of digital identity solutions, further propelling market expansion.

Key Insights

Segmentation Analysis:

  • Solution Types: The market offers a range of solutions, including identity verification, authentication, single-factor authentication, and multi-factor authentication. These solutions cater to diverse organizational needs, ensuring secure and efficient identity management.
  • Identity Types: Digital identity solutions encompass both biometric and non-biometric systems. Biometric solutions, utilizing fingerprints, iris scans, and facial recognition, provide heightened security, while non-biometric solutions offer alternative methods for identity verification.

Regional and Geographical Trends:

  • North America: Currently the largest market, North America’s dominance is attributed to the early adoption of advanced technologies and stringent regulatory frameworks aimed at combating identity fraud.
  • Asia-Pacific: Anticipated to be the fastest-growing region, the Asia-Pacific market is driven by rapid digitalization, increasing internet penetration, and rising awareness of identity security measures.

Technological Advancements Shaping the Market:

  • AI and ML Integration: The incorporation of AI and ML algorithms enhances the accuracy and efficiency of identity verification processes, enabling real-time detection of fraudulent activities.
  • Blockchain Technology: Blockchain offers a decentralized and tamper-proof method for storing digital identities, ensuring data integrity and reducing the risk of unauthorized access.

Competitive Dynamics, Major Players, and Emerging Opportunities:

  • The market is characterized by a fragmented landscape with numerous players striving for market share. Key companies are focusing on strategic partnerships, mergers, and acquisitions to enhance their offerings and expand their global presence.
  • Emerging opportunities lie in the development of identity wallets and the increasing demand for single sign-on (SSO) solutions, which streamline user access across multiple platforms while maintaining robust security protocols.

As organizations and governments worldwide recognize the critical importance of secure digital identity management, the digital identity solutions market is poised for substantial growth, driven by continuous technological innovations and the escalating need to combat cyber threats.

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5G NTN Market Expands with Rising Demand for Connectivity

5G Non-Terrestrial Network Market

The global 5G Non-Terrestrial Network (NTN) market is experiencing significant growth, with its size projected to increase from USD 4.9 billion in 2024 to USD 25.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 31.0% during this period. This surge is driven by the expanding 5G infrastructure, rising demand for high-speed, low-latency connectivity in urban and suburban areas, increasing mobile data traffic, and government initiatives aimed at extending 5G access to a broader customer base.

Key Insights

Segmentation Analysis

The market is categorized by component into hardware, solutions, and services; by platform into Unmanned Aerial Systems (UAS), Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Earth Orbit (GEO) satellites; by application into Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), and Massive Machine-Type Communications (mMTC); by end-use industry into maritime, aerospace and defense, government, and mining; and by location into urban, rural, remote, and isolated areas.

Regional and Geographical Trends

North America currently holds the largest market share, attributed to its advanced technological infrastructure and early adoption of 5G NTN solutions. However, the Asia-Pacific region is anticipated to experience the fastest growth, driven by substantial investments in 5G technology and increasing demand for enhanced connectivity in both urban and rural settings.

Technological Advancements Shaping the Market

The integration of satellite communication with 5G technology is a pivotal advancement, enabling cost-effective broadband and wireless connectivity in remote and underserved regions globally. This development facilitates communication in areas where traditional terrestrial networks are unavailable, such as the Arctic, Himalayas, and Amazon rainforest, as well as maritime and aerospace environments.

Competitive Dynamics, Major Players, and Emerging Opportunities

The 5G NTN market is characterized by a fragmented landscape, with key industry players engaging in strategic initiatives like mergers and acquisitions, partnerships, and product launches to strengthen their market position. The growing necessity for reliable connectivity in remote and rural areas presents significant opportunities for companies specializing in satellite-based communication solutions.

In summary, the 5G NTN market is poised for substantial growth, driven by technological innovations and increasing demand for ubiquitous connectivity across diverse regions and industries.

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Zero-Trust Architecture Market Set for Robust Growth by 2030

Zero Trust Architecture Market

The zero-trust architecture market was valued at USD 17.0 billion in 2023 and is anticipated to grow at a CAGR of 18.5% from 2024 to 2030, reaching USD 55.0 billion by the end of the decade.

This market growth is attributed to factors such as the increasing frequency of cyberattacks, the rising adoption of Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) policies, expanding use of cloud services, growing digital awareness, the shift towards remote work, and compliance with stringent data protection regulations.

Zero-trust architecture (ZTA) is gaining widespread adoption as businesses across industries face an evolving cyber threat landscape. Traditional security models, which assumed all internal activity was safe, are proving inadequate. Ransomware, data breaches, and other attacks exploit these outdated approaches, with global organizations facing approximately 1,100 attacks weekly.

The COVID-19 pandemic accelerated the need for robust security measures due to the proliferation of remote workforces and mobile devices. Remote employees connecting from various locations and devices introduce new risks that traditional security protocols cannot mitigate effectively. As a result, enterprises are increasingly turning to zero-trust models to secure their distributed workforce.

Key Insights:

  • Retail and E-commerce: Expected to grow at a CAGR of 20% due to changing consumer behavior, technological advancements, and increased reliance on digital platforms.
  • Zero-Trust Necessity: Essential for protecting businesses as they adopt mobile commerce, cloud computing, IoT, and adhere to regulations like PCI DSS and GDPR.
  • Omnichannel Strategies: Vital for providing seamless customer experiences across digital and physical platforms.
  • AI and Analytics: Enable personalized customer engagement, fostering brand loyalty in a competitive market.
  • Cybersecurity Demands: Large-scale data collection requires robust security and compliance to maintain customer trust.
  • Large Enterprises: Estimated to generate USD 10 billion by 2030, driven by complex security needs and real-time authentication processes.
  • SMEs: Set to grow at a CAGR of 19%, leveraging zero-trust solutions to combat sophisticated cyber threats without incurring high costs.
  • North America: The largest market in 2023 with USD 8 billion in revenue, propelled by leading players like Palo Alto Networks, Zscaler, and Cisco, alongside advancements in cloud computing, IoT, and AI.
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AI in Agriculture: Market Dynamics, Growth Projections, and Regional Performance Through 2030

AI in Agriculture Market

The AI in agriculture market, valued at USD 1,643.7 million in 2023, is expected to surge to USD 7,854.1 million by 2030, growing at a CAGR of 25.1%. The adoption of IoT and cloud computing is a key driver of AI demand in agriculture, enabling farmers to manage large amounts of data for better decision-making. IoT sensors are widely used for monitoring factors like crop yields, rainfall, pest levels, and soil nutrition, helping farmers optimize productivity.

The need for advanced agricultural technology is growing worldwide, driven by population increases and the need to improve crop yields. Robotics is also playing a bigger role in agriculture, allowing for more sophisticated and sustainable farming methods. Robotics companies are developing AI-equipped products for dynamic farm environments, helping stakeholders increase output while reducing carbon footprints.

Market Insights North America dominated the AI in agriculture market in 2023, capturing 45% of the market due to strong adoption of advanced technologies for productivity gains. The U.S. is projected to grow at a CAGR of over 25.5% this decade, while APAC is expected to grow the fastest, at 25.9%, due to increased adoption of precision farming, agronomic robots, and drone analytics.

The service sector is projected to grow at a CAGR of 25.3%, driven by demand for managed services that help farmers monitor sensor activities and manage crop health data. Machine learning (ML) led the industry in 2023 with nearly 50% market share, thanks to its widespread adoption in crop and field management. Precision farming held a 40% share in 2023, supported by demand for optimized yield and reduced production costs. Drone analytics is expected to grow the fastest, at over 25.7%, driven by increased investment in drone technology to support quality food production for a rising population.

The AI in agriculture market is highly competitive, with numerous international players vying for market share.

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Media & Entertainment Sector Boosts Generative AI Growth

Generative AI Industry

The global generative AI market reached USD 15.6 billion in 2024 and is expected to surge to USD 81.1 billion by 2030, showcasing a robust compound annual growth rate (CAGR) of 31.6% during the forecast period. This rapid growth is fueled by the technology’s potential to revolutionize industries through automation and innovation.

Generative AI leverages algorithms capable of producing realistic content by analyzing training data like images, text, and audio. A well-known example is ChatGPT, which is trained on vast datasets to perform tasks such as text summarization, sentiment analysis, and question answering.

Generative Adversarial Networks (GANs) focus on generating new data that closely mimics real-world datasets. Rather than expanding basic AI systems, these advanced methods emphasize deep learning to produce data samples. These models are multi-modal, meaning they can manage several processes at once, significantly enhancing human-machine interaction through natural language processing (NLP).

A key factor driving the growth of the generative AI industry is the development of large language models (LLMs) due to their superior ability to generate, manipulate, and comprehend natural language.

In 2023, the software segment led the market with a revenue share of approximately 55%. Software forms the backbone of generative AI, providing essential algorithms, tools, and frameworks. The natural language processing (NLP) category is also a major player, projected to grow at a CAGR of 31.8% during the forecast period. Advances in NLP are transforming applications such as chatbots, content creation, and AI systems.

The media and entertainment sector is currently the largest end user, and this category is expected to grow at an impressive CAGR of 40% during the projection period. The rapid adoption of AI tools in this sector is driving significant improvements in content creation and distribution.

In 2023, North America held the largest market share, accounting for about 50%. The region’s advanced technological infrastructure, combined with its ability to nurture disruptive AI companies, has positioned it as a leader in the generative AI space. Additionally, rising concerns over banking fraud, increasing healthcare demands, and the growth of pseudo-creativity are further contributing to North America’s dominance in the market.

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Electronic Warfare Market Poised for Rapid Growth Amid Global Defense Expansion

The global electronic warfare industry was valued at USD 12.5 billion in 2024 and is anticipated to reach USD 25.3 billion by the end of the decade, growing at a CAGR of 12.4% during the forecast period. This growth is primarily driven by the enhancement of defense capabilities by numerous nations worldwide to counter emerging threats.

The electromagnetic spectrum, combined with cyberspace, forms a unified electromagnetic environment known as the cyber-electromagnetic domain. This technological advancement is emerging as a crucial focus, as this domain is expected to play a pivotal role in future conflicts.

Diplomatic and strategic relations between countries can deteriorate at any moment, turning allies into adversaries. As a result, almost all nations are enhancing their military prowess by adopting electronic warfare systems. Border-sharing countries are particularly at risk, irrespective of their current diplomatic ties, prompting them to bolster their arsenals with advanced technologies.

Electronic Warfare Industry Insights

  • The airborne segment is projected to hold the largest market share, estimated at 40% in 2024, and is expected to grow at a CAGR of 12.8% from 2024 to 2030.
  • Airborne electronic attack capabilities are vital for achieving dominance in the electromagnetic spectrum, including the ability to disable, deny, and degrade enemy air defenses.
  • Electronic decoys used in combat aircraft and missiles are instrumental in misleading enemy air defense systems.
  • The electronic support segment is the largest, with a 45% share in 2024, and is expected to experience the highest growth, with a CAGR of 12.7% over the forecast period.
  • Information derived from electronic support is critical for decision-making in both offensive and defensive operations, enabling the detection of enemy communication networks and radars.
  • Data collected is utilized for electronic intelligence (ELINT), signals intelligence (SIGINT), and communications intelligence (COMINT).
  • Signal jammers dominate the market with a 20% share in 2024 and are forecasted to be the fastest-growing category, with a CAGR of 13.2% from 2024 to 2030.
  • Jammers disrupt, deceive, or block enemy radars and communication systems by emitting interfering signals, facilitating counter-operations without being detected.
  • North America held the largest market share, around 50% in 2024, largely due to the U.S.’s significant defense investments, with a budget of USD 877 billion in 2022.
  • The U.S. heavily invests in equipping its military branches with advanced weapons and electronic warfare systems.
  • Major defense and weapons companies maintain a strong presence in the region.
  • The Asia-Pacific region is the fastest-growing market, with a projected CAGR of 12.7% during 2024–2030.
  • Several countries in the region are expanding their military capabilities with electronic warfare systems, given the geopolitical landscape characterized by strained relations.

About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

Contact:
Chandra Mohan
AVP – Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter

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Growth of the E-signature Industry in Europe

Europe E-Signature Industry

In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is projected to experience a substantial CAGR of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030. This can be credited to the increase in the occurrence of remote working models, supportive government regulations, the surge in the size of online documentation procedures, and the cost-efficacy of e-signatures.In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is projected to experience a substantial CAGR of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030. This can be credited to the increase in the occurrence of remote working models, supportive government regulations, the surge in the size of online documentation procedures, and the cost-efficacy of e-signatures.

SMEs are more and more accepting of e-signatures because they get rid of paperwork and thus late flows of documents, such as those in sales and HR teams. Moreover, the number of administrative tasks is reduced by around 30%, and you have to pay nothing for materials and shipping.

The utilization of these technologies also enables the creation of good trading opportunities with the rest of the world, because it significantly cuts the travel expenses and the HR expenses for authenticated papers.

Moreover, their permeation through SMEs in Europe has increased under the COVID-19 effect, along with them keeping the workflow from remote locations since. Therefore, Paris-based SME Yousign is targeting SMEs, however not above 50,000 small and medium-sized firms in the continent by the end of 2024.

An important factor that cannot be left out is that there is a massive digital transformation around the region at a very high rate. This means that the documentation processes in the organizations and institutions end up being digitized.

Key Insights

• During the projection period, the service category is projected to advance at the highest CAGR of 35.8%.

• This development is credited to the advantages such as significantly decreased processing time from days to hours.

• Electronic services also have lower prices and advanced work efficacy; for example, in Spain, physical transactions are priced at about USD 84, while electronic ones cost between USD 6 and USD 9.

• In 2023, the BFSI industry held the largest industry share of approximately 40%, with an estimated CAGR of 36%.

• The development is propelled by the demand for customer-centric applications and BFSI’s concentration on understanding digital preferences.

• Digital signatures in BFSI guarantee identity safety, robust security, and governing compliance management.

• They streamline complex procedures and speed up client onboarding.• During the projection period, the cloud category is projected to advance at a higher CAGR of 35.8%.

• Data security is a key worry confronted by cloud-based e-signature software.

• Storing the signature key on a remote server decreases the danger of data loss to cyber criminals.

• This surges the need for cloud-based e-signature software in the continent.• In 2023, the PKI category held the largest industry share of approximately 35%.

• PKI is preferred for its standard tech permitting trust provider selection without needing an online third-party verification server.

• Clickwrap electronic signatures are estimated to have the highest CAGR of 35.7% over the projection period.

• Clickwrap signatures offer centralized contract storage for back-end records, driving demand.

• In 2023, the U.K. held the largest industry share of 34.9% because of augmented e-signature usage for digital identification.

• GOV.UK Verify which belongs to G.O.V l confirms the person using government documents like passport or driving licenses, that is to say, except one safe and quick entry process.

• Germany, which is the second largest market in Europe, has been doing that since 2001. It is on the legal grounds of the e-signature law in Germany.