• Market Is Driven by Growing Demand for Smart Homes

    The total market size of the global edge AI hardware was 1,058 million units in 2022, and it will rise at a growth rate of 20.50%, reaching USD 4,704 million units by 2030.

    The demand for leading-edge technologies that enable real-time data processing and decision-making is increasing. The market for edge AI hardware is witnessing extraordinary growth mainly because of the technology that is gaining high purchases like artificial intelligence (AI) hardware, with the converting of edge computing such as AI and IoT technologies.

    Several factors are driving the rapid expansion of the edge AI hardware market like, the development of edge computing devices and services and incorporated with advancements in real-time low-latency capabilities.

    Moreover, by integrating artificial intelligence into these devices such as, intensify functionality, faster data processing, and improved accuracy become achievable. This has covered the way for the adoption of edge AI hardware in various industries.

    Read More: https://www.psmarketresearch.com/market-analysis/edge-ai-hardware-market
    Market Is Driven by Growing Demand for Smart Homes The total market size of the global edge AI hardware was 1,058 million units in 2022, and it will rise at a growth rate of 20.50%, reaching USD 4,704 million units by 2030. The demand for leading-edge technologies that enable real-time data processing and decision-making is increasing. The market for edge AI hardware is witnessing extraordinary growth mainly because of the technology that is gaining high purchases like artificial intelligence (AI) hardware, with the converting of edge computing such as AI and IoT technologies. Several factors are driving the rapid expansion of the edge AI hardware market like, the development of edge computing devices and services and incorporated with advancements in real-time low-latency capabilities. Moreover, by integrating artificial intelligence into these devices such as, intensify functionality, faster data processing, and improved accuracy become achievable. This has covered the way for the adoption of edge AI hardware in various industries. Read More: https://www.psmarketresearch.com/market-analysis/edge-ai-hardware-market
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    Edge AI Hardware Market Analysis and Forecast Report, 2030
    Edge AI hardware market stood at 1,058 million units in 2022, and it is projected to grow at a CAGR of 20.50% during 2022–2030, to reach 4,704 million units by 2030.
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  • Hardware Security Module Market is Led by the Payment Processing Category

    The hardware security modules market was USD 1,250 million in 2022, and it will touch USD 3,732 million, advancing at a 14.7% CAGR, by 2030.

    The advancement of this industry is attributed to the increasing cases of cyberattacks and security breaches, the employment of user-friendly interfaces to integrate blockchain transaction security systems for consumers, and the acceptance of modern technologies, for instance, cloud computing, big data analytics, and IoT.

    In 2022, the payment processing category, based on application, accounted for the largest share in the industry. This is because of the mounting requirement for secure payment transaction methods, because of the surging penetration of mobile banking and e-commerce.

    The cloud category, based on deployment, will observe faster growth, of approximately 15%, in the years to come. With cloud-based hardware security modules, businesses can easily create encryption keys on the cloud, without requiring maintaining and hosting on-premises servers.

    Read More: https://www.psmarketresearch.com/market-analysis/hardware-security-modules-market
    Hardware Security Module Market is Led by the Payment Processing Category The hardware security modules market was USD 1,250 million in 2022, and it will touch USD 3,732 million, advancing at a 14.7% CAGR, by 2030. The advancement of this industry is attributed to the increasing cases of cyberattacks and security breaches, the employment of user-friendly interfaces to integrate blockchain transaction security systems for consumers, and the acceptance of modern technologies, for instance, cloud computing, big data analytics, and IoT. In 2022, the payment processing category, based on application, accounted for the largest share in the industry. This is because of the mounting requirement for secure payment transaction methods, because of the surging penetration of mobile banking and e-commerce. The cloud category, based on deployment, will observe faster growth, of approximately 15%, in the years to come. With cloud-based hardware security modules, businesses can easily create encryption keys on the cloud, without requiring maintaining and hosting on-premises servers. Read More: https://www.psmarketresearch.com/market-analysis/hardware-security-modules-market
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    Hardware Security Module Market Size & Forecast Report
    The hardware security modules market size stood at USD 1,250 million in 2022, and it is expected to grow at a compound annual growth rate of 14.7% during 2022–2030
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  • North America Dominated the Industrial Filtration Market

    The size of the industrial filtration market will power at a compound annual growth rate of 7.5% during 2022-2030, to touch a value of USD 55,673.2 million by 2030.

    This growth of the industry is due to advancements in filtration technologies, surging need for safe working environment at industrial sites, strict government regulations regarding emission control and growing requirement for equipment dependability and lifespan extension.

    Further, the continuous development of new products for industrial filtration and the growing food & beverage, metal & mining, and automotive industries are driving the expansion of the industry.

    Several industrial air filtering laws have been implemented as a result of the increase in industrial facilities. For instance, a federal law in the U.S., named The Clean Air Act, aims to reduce air pollution on a massive scale.

    The non-woven fabric category reported the largest revenue share of around 35%, it is further projected to maintain its dominance during 2022– 2030. This is because non-woven fabrics are chosen by the pharmaceutical industry due to their low weight, reusability, durability, water resistance, and fire resistance.

    Further, they are widely used in the mineral processing industry owing to their intricate fiber arrangements, quick and inexpensive manufacturing and many design options provide by the adaptability of the structure.

    The chemicals & petrochemicals category accounted for the largest revenue share. This is due to the manufacturing processes employed in this sector yield a variety of pollutants, which react with the equipment.

    Further, these chemical contaminants are a risk to the environment and employees, as well as carrying the possibility of cross contamination with other materials, reducing the quality of the product.

    The digitalization of filtration equipment is a good growth opportunity as it continuously observes industrial filters. Sensors are installed in these filters which continuously maps the cleaners’ load status and afterwards give service-related data to the plant operator. This helps in preventing machine downtime.

    The liquid category accounted for the larger revenue share, over 60%. This is due to the strict environmental laws that prohibit pollutants from getting into water sources. The high cost of wastewater treatment facilities and the rising demand for clean water are the main factors fuelling the category growth.

    The filter press category will witness the fastest growth during the forecast period, with a CAGR of over 7%. This will be due to the fact that filter presses are broadly used in the food & beverage, metals & mining, pharmaceuticals, power generation, and industrial manufacturing sectors to collect undesired solid particles.

    North America accounted for the largest revenue share, of 45% in the industrial filtration market. This is owing to the rising environmental concerns, surging need for workplace safety in the industrial sector, government mandates to control emissions, and increasing R&D activities to provide cost-efficient solutions to owners of industrial facilities.

    Overall, with new technologies in filters, surging need for safe working environments and governments regulations, market for industrial filters will witness robust growth in near future.

    Read More: https://www.psmarketresearch.com/market-analysis/industrial-filtration-market
    North America Dominated the Industrial Filtration Market The size of the industrial filtration market will power at a compound annual growth rate of 7.5% during 2022-2030, to touch a value of USD 55,673.2 million by 2030. This growth of the industry is due to advancements in filtration technologies, surging need for safe working environment at industrial sites, strict government regulations regarding emission control and growing requirement for equipment dependability and lifespan extension. Further, the continuous development of new products for industrial filtration and the growing food & beverage, metal & mining, and automotive industries are driving the expansion of the industry. Several industrial air filtering laws have been implemented as a result of the increase in industrial facilities. For instance, a federal law in the U.S., named The Clean Air Act, aims to reduce air pollution on a massive scale. The non-woven fabric category reported the largest revenue share of around 35%, it is further projected to maintain its dominance during 2022– 2030. This is because non-woven fabrics are chosen by the pharmaceutical industry due to their low weight, reusability, durability, water resistance, and fire resistance. Further, they are widely used in the mineral processing industry owing to their intricate fiber arrangements, quick and inexpensive manufacturing and many design options provide by the adaptability of the structure. The chemicals & petrochemicals category accounted for the largest revenue share. This is due to the manufacturing processes employed in this sector yield a variety of pollutants, which react with the equipment. Further, these chemical contaminants are a risk to the environment and employees, as well as carrying the possibility of cross contamination with other materials, reducing the quality of the product. The digitalization of filtration equipment is a good growth opportunity as it continuously observes industrial filters. Sensors are installed in these filters which continuously maps the cleaners’ load status and afterwards give service-related data to the plant operator. This helps in preventing machine downtime. The liquid category accounted for the larger revenue share, over 60%. This is due to the strict environmental laws that prohibit pollutants from getting into water sources. The high cost of wastewater treatment facilities and the rising demand for clean water are the main factors fuelling the category growth. The filter press category will witness the fastest growth during the forecast period, with a CAGR of over 7%. This will be due to the fact that filter presses are broadly used in the food & beverage, metals & mining, pharmaceuticals, power generation, and industrial manufacturing sectors to collect undesired solid particles. North America accounted for the largest revenue share, of 45% in the industrial filtration market. This is owing to the rising environmental concerns, surging need for workplace safety in the industrial sector, government mandates to control emissions, and increasing R&D activities to provide cost-efficient solutions to owners of industrial facilities. Overall, with new technologies in filters, surging need for safe working environments and governments regulations, market for industrial filters will witness robust growth in near future. Read More: https://www.psmarketresearch.com/market-analysis/industrial-filtration-market
    WWW.PSMARKETRESEARCH.COM
    Industrial Filtration Market Growth Analysis Report, 2030
    The industrial filtration market revenue was USD 31,289.6 million in 2022, and it is advancing with a compound annual growth rate of 7.5% during 2022–2030.
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  • Mobile VPN Market Growth To Be Fastest in Asia-Pacific (APAC)

    The growth of the mobile virtual private network (MVPN) market is being driven by the increasing rate of cybercrime and rising demand for remote accessibility in large businesses. In 2017, revenue of $525.4 million was generated from the sales of the such solutions, which is predicted to witness a 19.7% CAGR during the forecast period (2018–2023), to surge to $1,560.7 million in 2023. A VPN uses the public internet to channel the traffic securely and secretly to a network from a computer or mobile phone.

    On the basis of end user, the mobile VPN market is divided into government, telecommunication, financial, healthcare, utilities, military, oil and gas, mining, and others. During the historical period (2013–2017), the telecommunication division held the largest share, as with the increasing adoption of smartphones, these devices are being used to transfer business-critical information in organizations, which needs to be protected. Till 2023, the healthcare division will grow the fastest in the market due to the usage of these solutions for accessing confidential medical information by healthcare providers.

    The key trend in the market presently is the adoption of VPNs for cybersecurity. With the increasing popularity of laptops, smartphones, and tablets, businesses are focusing on making their employees and information mobile, at the same time protecting the latter from unauthorized access. For this, MVPN continues to function even after mobile devices exit its coverage area or change networks. In addition, the processing power required and memory print created by MVPNs is smaller than wired VPNs, which allows the applications to run with more speed and the mobile battery to last longer.

    One of the major drivers for the mobile VPN market is the increasing need for remote operations in large firms. With organizations having employees around the world, they require a centrally managed and simplified remote office, so that business application and database access can be provided to employees at low cost. Moreover, MVPNs offer remote employees flexibility, enhance productivity and user satisfaction, reduce help desk expenditure, and provide better support for issues that are common with VPNs.

    Another major factor boosting the growth of the mobile VPN market is the increase in the number of cyberattacks. Because of this, $655 billion was estimated to be spent on cybersecurity solutions between 2015 and 2020, of which $113 billion was estimated to be specifically for securing mobile devices. As organizations grow, they generate increasing amounts of sensitive data, which makes them a potential target for cybercriminals. With a lot of this data now being stored on and exchanged via mobile devices, the demand for MVPNs is rising.

    In 2017, the mobile VPN market generated the highest revenue in North America, because of the high incidence of cyberattacks, rapid sales of mobile phones, increasing implementation of the bring-your-own-device (BYOD) policy, heavy public and private spending on cybersecurity, and technological advancements. The fastest growth during the forecast period will be witnessed by Asia-Pacific (APAC), as a result of the rising sales of smartphones in India and China. Moreover, the increasing penetration of the internet, strict regulations regarding cybersecurity, and rapid industrializing are driving the demand for MVPN solutions in APAC.

    Hence, the market will witness continuous growth around the world as more smartphones are bought and cybersecurity threats increase.

    Read More: https://www.psmarketresearch.com/market-analysis/mobile-virtual-private-network-products-market
    Mobile VPN Market Growth To Be Fastest in Asia-Pacific (APAC) The growth of the mobile virtual private network (MVPN) market is being driven by the increasing rate of cybercrime and rising demand for remote accessibility in large businesses. In 2017, revenue of $525.4 million was generated from the sales of the such solutions, which is predicted to witness a 19.7% CAGR during the forecast period (2018–2023), to surge to $1,560.7 million in 2023. A VPN uses the public internet to channel the traffic securely and secretly to a network from a computer or mobile phone. On the basis of end user, the mobile VPN market is divided into government, telecommunication, financial, healthcare, utilities, military, oil and gas, mining, and others. During the historical period (2013–2017), the telecommunication division held the largest share, as with the increasing adoption of smartphones, these devices are being used to transfer business-critical information in organizations, which needs to be protected. Till 2023, the healthcare division will grow the fastest in the market due to the usage of these solutions for accessing confidential medical information by healthcare providers. The key trend in the market presently is the adoption of VPNs for cybersecurity. With the increasing popularity of laptops, smartphones, and tablets, businesses are focusing on making their employees and information mobile, at the same time protecting the latter from unauthorized access. For this, MVPN continues to function even after mobile devices exit its coverage area or change networks. In addition, the processing power required and memory print created by MVPNs is smaller than wired VPNs, which allows the applications to run with more speed and the mobile battery to last longer. One of the major drivers for the mobile VPN market is the increasing need for remote operations in large firms. With organizations having employees around the world, they require a centrally managed and simplified remote office, so that business application and database access can be provided to employees at low cost. Moreover, MVPNs offer remote employees flexibility, enhance productivity and user satisfaction, reduce help desk expenditure, and provide better support for issues that are common with VPNs. Another major factor boosting the growth of the mobile VPN market is the increase in the number of cyberattacks. Because of this, $655 billion was estimated to be spent on cybersecurity solutions between 2015 and 2020, of which $113 billion was estimated to be specifically for securing mobile devices. As organizations grow, they generate increasing amounts of sensitive data, which makes them a potential target for cybercriminals. With a lot of this data now being stored on and exchanged via mobile devices, the demand for MVPNs is rising. In 2017, the mobile VPN market generated the highest revenue in North America, because of the high incidence of cyberattacks, rapid sales of mobile phones, increasing implementation of the bring-your-own-device (BYOD) policy, heavy public and private spending on cybersecurity, and technological advancements. The fastest growth during the forecast period will be witnessed by Asia-Pacific (APAC), as a result of the rising sales of smartphones in India and China. Moreover, the increasing penetration of the internet, strict regulations regarding cybersecurity, and rapid industrializing are driving the demand for MVPN solutions in APAC. Hence, the market will witness continuous growth around the world as more smartphones are bought and cybersecurity threats increase. Read More: https://www.psmarketresearch.com/market-analysis/mobile-virtual-private-network-products-market
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    Mobile VPN Market Growth, Size | industry Research Report 2023
    The global mobile virtual private network (VPN) market was valued $525.4 million in 2017 and is predicted to progress at a CAGR of 19.7% during 2018–2023.
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  • Deep Learning Market To Grow by almost $100.0 Billion during 2020–2030

    A number of factors, such as the rising focus of companies on reducing their operational costs and surging adoption of deep learning solutions in contact centers, are projected to boost the growth of the deep learning market at a CAGR of 35.2% during the forecast period (2020–2030). According to P&S Intelligence, the market generated $3.7 billion revenue in 2019, which is expected to reach $102.4 billion by 2030. Moreover, the market is witnessing the surging deployment of deep learning solutions in the healthcare sector.

    One of the prime factors propelling the demand for deep learning solutions is their surging adoption in contact centers. These centers are the largest users of such algorithms, which help them in enhancing first-call resolution, shortening the call duration, improving the customer satisfaction, and reducing the call volume, which, in turn, increases the revenue of companies. On the basis of the nature of the solutions, the calls are efficiently routed to the concerned people possessing satisfactory knowledge, and these algorithms help in decreasing the time taken for issue resolution.

    The application segment of the deep learning market is categorized into signal recognition, data mining, image recognition, recommendation engine, and natural language processing (NLP). Among these, the NLP category is projected to witness the highest CAGR in the coming years due to the surging demand for assimilating deep learning solutions with NLP to improve machine–human interactions. NLP with deep learning algorithms allows voice assistants and chatbots to better recognize the queries of customers and reply accordingly, without the intervention of human beings.

    Additionally, based on industry, the deep learning market is classified into banking, financial services, and insurance (BFSI), healthcare, manufacturing, automotive, retail, and others. Among these, the healthcare industry is projected to generate the largest demand for deep learning solutions in the coming years. This can be ascribed to the surging deployment of artificial intelligence (AI) technologies, such as deep learning, machine learning (ML), and big data, in the healthcare sector to support medical researchers and professionals in the analysis and extraction of data, for improved medical results.

    Geographically, the North American deep learning market accounted for the largest revenue share in 2019. This is attributed to the developed IT infrastructure, technological advancements, presence of several key market players, and rapid implementation of these solutions for product recommendations, voice assistance, and image recognition on social networks. The Asia-Pacific (APAC) market is set to witness the swiftest growth during the foreseeable period owing to the swift economic growth, increasing deployment of advanced technologies, rising IT investments, and mounting number of AI startups in the region.

    Thus, the surging adoption of deep learning solutions in contact centers and rising focus of companies on reducing their operational costs are expected to propel the market growth across the world during the forecast period.

    Read More: https://www.psmarketresearch.com/market-analysis/deep-learning-market-report
    Deep Learning Market To Grow by almost $100.0 Billion during 2020–2030 A number of factors, such as the rising focus of companies on reducing their operational costs and surging adoption of deep learning solutions in contact centers, are projected to boost the growth of the deep learning market at a CAGR of 35.2% during the forecast period (2020–2030). According to P&S Intelligence, the market generated $3.7 billion revenue in 2019, which is expected to reach $102.4 billion by 2030. Moreover, the market is witnessing the surging deployment of deep learning solutions in the healthcare sector. One of the prime factors propelling the demand for deep learning solutions is their surging adoption in contact centers. These centers are the largest users of such algorithms, which help them in enhancing first-call resolution, shortening the call duration, improving the customer satisfaction, and reducing the call volume, which, in turn, increases the revenue of companies. On the basis of the nature of the solutions, the calls are efficiently routed to the concerned people possessing satisfactory knowledge, and these algorithms help in decreasing the time taken for issue resolution. The application segment of the deep learning market is categorized into signal recognition, data mining, image recognition, recommendation engine, and natural language processing (NLP). Among these, the NLP category is projected to witness the highest CAGR in the coming years due to the surging demand for assimilating deep learning solutions with NLP to improve machine–human interactions. NLP with deep learning algorithms allows voice assistants and chatbots to better recognize the queries of customers and reply accordingly, without the intervention of human beings. Additionally, based on industry, the deep learning market is classified into banking, financial services, and insurance (BFSI), healthcare, manufacturing, automotive, retail, and others. Among these, the healthcare industry is projected to generate the largest demand for deep learning solutions in the coming years. This can be ascribed to the surging deployment of artificial intelligence (AI) technologies, such as deep learning, machine learning (ML), and big data, in the healthcare sector to support medical researchers and professionals in the analysis and extraction of data, for improved medical results. Geographically, the North American deep learning market accounted for the largest revenue share in 2019. This is attributed to the developed IT infrastructure, technological advancements, presence of several key market players, and rapid implementation of these solutions for product recommendations, voice assistance, and image recognition on social networks. The Asia-Pacific (APAC) market is set to witness the swiftest growth during the foreseeable period owing to the swift economic growth, increasing deployment of advanced technologies, rising IT investments, and mounting number of AI startups in the region. Thus, the surging adoption of deep learning solutions in contact centers and rising focus of companies on reducing their operational costs are expected to propel the market growth across the world during the forecast period. Read More: https://www.psmarketresearch.com/market-analysis/deep-learning-market-report
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    Deep Learning Market | Trends and Growth Statistics to 2030
    The global deep learning market generated $3.7 billion in 2019, and it is expected to demonstrate a CAGR of 35.2% during the forecast period (2020–2030). Significant adoption of cloud computing platforms is observed as a key trend of the deep learning industry.
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