Virtual Reality Market Size, Share, Industry Report, Revenue Trends and Growth Drivers 2025

 The virtual reality market size is projected to reach USD 20.9 billion by 2025, at a CAGR of 27.9% during the forecast period. Virtual reality (VR) technology provides the user a virtual environment with the help of computer hardware and software.

It provides a fully immersive environment in which the user can interact with objects similar to those in the real world. The VR technology works on components such as gesture recognition systems, sensors, and embedded electronic components. The processor helps to execute the input and gives an output by which the user can perceive that the object is a part of the environment. Virtual reality technology has several uses, especially in the military, consumer, training, education, and retail sectors.

Based on device type, the virtual reality market has been segmented into head-mounted displays, gesture-tracking devices, and projectors and display walls. The market for gesture-tracking devices is expected to witness the highest growth in the virtual reality market.

Gesture-tracking devices have been an integral part mainly because these are used for consumer applications. Gaming with the use of gesture-tracking devices provides enhanced experience of the virtual world to the users. The gesture-tracking devices can be used prominently for medical training and simulation, and also in therapy. Gesture-tracking devices are usually combined with head-mounted displays and other fully immersive devices for active interaction with the virtual environment.

Based on applications, healthcare segment of VR market accounted for highest CAGR

By applications, the virtual reality market has been segmented into aerospace & defense, healthcare, consumer, commercial, enterprise (manufacturing), and others (automotive, real estate, and geospatial mining). Virtual reality technology is mainly used in training and educating medical students and new practitioners.

It is also used for the treatment of phobia and for surgeries. Virtual reality technology allows surgeons to perform surgery in a risk-free environment. A virtual reality surgery provides safety as there is no risk to the patient, and surgeons can get feedback as soon as they are done with the surgery. This helps healthcare professionals gain experience and knowledge in their respective fields. Virtual robotic surgery is a new development in the area of virtual reality medicines.

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Based on offering, VR market for hardware segment accounted for highest CAGR

By offering, the virtual reality market has been segmented into hardware and software. Due to the increasing demand for hardware devices, the VR market has witnessed high growth.

The VR content creation market is expected to witness a surge in its growth to bring in the inflow of the content to fulfill the requirements of different applications using virtual reality HMDs. This will be a massive boost to the high growth of the virtual reality market as a whole.

The increased need for content in the virtual reality market will also pave the path for many content creation start-ups. The use of virtual reality for commercial purposes to attract customers has been on the rise with business owners using virtual reality headsets to build their sales.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Data Acquisition (DAQ) System Market Size, Global Industry Trends Forecast – 2026

 

The global data acquisition (DAQ) System market size is projected to reach USD 2.3 billion by 2026, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period.

Hardware type is expected to contribute the largest market share during the forecast period

Hardware is expected to lead the data acquisition system market during the forecast period. DAQ hardware is widely used due to its modular design and the possibility of arranging various combinations to satisfy a wide range of customized experimental setups. Additionally, the adoption of Ethernet is gaining momentum owing to factors such as interoperability and ease of integration, thereby fueling the demand for DAQ hardware.

The demand for DAQ hardware is rising as they are widely deployed in manufacturing applications—in both process and discrete, laboratory/R&D, automotive, and aerospace & defense markets. The external chassis and module increase productivity and performance in DAQ and control applications in industries. The continued migration to USB- and ethernet-based front-end systems that offer PC computing power and functionality is resulting in faster adoption rates, ultimately driving the market for external chassis and modules.

Aerospace & defense is expected to have the largest market share during the forecast period

The market for aerospace & defense vertical is expected to have significantly the largest market share during the forecast period. The growth of the DAQ system market for the aerospace & defense vertical is driven by the need for testing aircraft and their components with real-time monitoring features against various parameters and extreme environmental challenges.

DAQ systems play a vital role during various testing procedures in ensuring that the aerospace products and components meet the desired functional specifications. These tests are carried out during the design, development, and manufacturing stages of aerospace components and play an important role in confirming if aerospace components, subsystems, and complete flight systems meet the specified requirements. These factors have contributed to the increased demand for DAQ systems in the aerospace & defense vertical.

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Asia Pacific to witness the highest growth in DAQ system market in terms of CAGR, globally

The market in APAC will grow at the highest CAGR during the forecast period. Rapid advancements in technologies, increasing manufacturing units, stringent regulatory policies pertaining to testing and measurement of products, strong government support towards manufacturing and adoption of new technologies such as AI and IoT, and significant presence of key industry players in the region are a few major factors driving the DAQ system market growth in APAC.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Sensor Fusion Market Insights, Size, Growth, Trends | Global Industry Analysis Report 2023 - 2028

 The sensor fusion market is projected to grow from USD 8.0 billion in 2023 to USD 18.0 billion by 2028, registering a CAGR of 17.8% during the forecast period.

Sensor Fusion Market: Key Trends

The prominent players in the market are InvenSense Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), and Bosch Sensortec GmbH (Germany), among others. These companies boast mixing trends with comprehensive product portfolio and strong geographic footprint.

Hardware offering to acquire significant share in sensor fusion market

The hardware offering is expected to hold the largest market share during the forecast period. The hardware segment comprises the physical components of sensor fusion systems, such as processors, communication modules, sensors, and microcontrollers. Development kits, evaluation boards, and reference designs are examples of hardware products. In addition, various product type has been taken into consideration such as inertial combo sensor, radar + image sensors+ lidar, environment sensors, IMU + GPS, and others.

Consumer electronics end-use application holds largest share in sensor fusion market in 2023

The consumer electronics segment accounted for the largest market share in 2023. The consumer electronics segment is an important market for sensor fusion. A wide range of consumer electronics devices use sensors, including smartphones, tablets, wearables, and gaming equipment. Sensor fusion technology is used in these devices to provide logically fused data from different sensors for various applications such as gesture recognition, image stabilization, navigation, and motion-based gaming.

The major players providing consumer electronics products are InvenSense Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), and Bosch Sensortec GmbH (Germany). Bosch Sensortec is one of the major players for the development of smartphones by sensor fusion. For instance, December 2021, Bosch Sensortec partnered with Nextnav, a one of the leaders in next-generation GPS. Bosch Sensortec will make use of the partnership to assess measurement precision and provide original equipment manufacturers (OEMs) that utilise its sensors in widely available products like smartphones, tablets, and wearables with strict performance guarantees.

Sensor fusion market to witness highest demand from Asia Pacific

The governments in the Asia Pacific are also playing a crucial role in promoting the growth of the sensor fusion market through various initiatives and policies. For instance, the government of China has set targets to become a world leader in autonomous driving. It is investing heavily in the development of advanced sensor technologies such as LiDAR and radar. Thus, the above factor is driving the market growth in the region.

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Further, China held the largest share of the sensor fusion market in the Asia Pacific in 2023 and is projected to dominate both markets during the forecast period. China is witnessing rapid economic development. It has been focusing on shifting from a manufacturing-driven to an innovation-driven economy. China is a global manufacturing hub for industries for semiconductor and consumer electronic devices, which produce smartphones, smart TVs, and wearables.

 

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Camera Modules Market Size, Share, Industry Report, Revenue Trends and Growth Drivers -2028

 The global camera modules market was valued at USD 43.3 billion in 2023 and is estimated to reach USD 68.5 billion by 2028, registering a CAGR of 9.6% during the forecast period. The increasing demand for consumer electronics applications due to heavy adoption and advancements in smartphones, tablets, and wearables, as well as growing automotive applications due to ADAS and vehicle automation, is driving the growth of the camera modules market. Furthermore, the rising adoption of IoT-based security systems and growing demand for industrial automation and digitalization are also expected to drive the market for camera modules.

Driver: Increasing demand for consumer electronics application

End users’ demand for consumer electronics has increased in recent years. The shorter replacement cycles, falling prices of electronic items, easy availability through e-commerce websites, and new technologies such as wearables, virtual and augmented reality, 4K televisions, smart homes, 3D printers, autonomous vehicles, drones, and communication robots encourage frequent purchases of the same. Camera modules are becoming more common in electronic devices all around usThe demand for camera modules in consumer electronics has surged due to the proliferation of smartphones, where flagship models from companies like Apple, Samsung, Google, and Huawei continuously enhance camera capabilities. Tablets, laptops, and desktop computers also integrate cameras for video conferencing and content creation, while action cameras like GoPro cater to outdoor enthusiasts.

Restraint: Interoperability and workforce skills

Interoperability is paramount in the camera modules market, ensuring seamless integration with diverse consumer electronics. Camera modules must work harmoniously across various platforms, emphasizing compatibility between hardware, software, and operating systems. Simultaneously, a skilled and adaptable workforce is essential for innovation and addressing evolving consumer demands. Workforce expertise spans electrical engineering, optical technology, software development, quality assurance, and manufacturing processes, with continuous training and education required to stay abreast of rapid technological advancements. These interconnected aspects drive the camera modules industry, enabling versatile and cutting-edge solutions to meet a wide range of consumer needs, from smartphones to automotive applications and beyond..

Opportunity: Expansion of e-commerce and logistics industry

The continuous innovations and advancements in image sensor technology are fueling a growing demand for camera modules across diverse applications. These developments encompass higher-resolution sensors for sharper imaging, improved low-light performance crucial for night photography and security, HDR and WDR technologies enabling balanced images in varying lighting conditions, miniaturization for smaller form factors in devices like smartphones and wearables, depth-sensing capabilities for facial recognition and augmented reality, integration with AI and machine learning for object recognition and intelligent processing, and the emergence of specialized sensors for applications like agriculture and environmental monitoring. Additionally, higher frame rates, reduced power consumption, customization options, and seamless integration further drive the role of camera modules in capturing the full potential of evolving image sensor technologies across industries ranging from consumer electronics to healthcare and industrial automation.

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Challenge: Complex manufacturing and supply chain process.

The primary camera module market challenge is the complex manufacturing and competitive supply chain. Camera modules have many different components, each of which must be manufactured to high standards. The supply chain for camera modules is also complex, with many other companies producing and distributing the components. This complexity can lead to delays and disruptions in the supply of camera modules, which can impact the market. The camera modules market is a very competitive market, with many different companies competing for market share. This can lead to price wars and other challenges for manufacturers. Despite these challenges, the camera modules market is expected to grow in the coming years. This growth is driven by the increasing demand for camera modules in various applications, such as smartphones, tablets, and security cameras.

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Camera Modules Industry worth $68.5 billion by 2028

 

The report "Camera Modules Market by Component (Image Sensor, Lens Module, Voice Coil Motor, Filters), Interface (Serial, Parallel), Pixel (>7 MP,8-13 MP, <13 MP), Focus (Autofocus, Fixed), Interface (Serial, Parallel), Process and Region - Global Forecast to 2028" The global camera modules market is expected to be valued at USD 43.3 billion in 2023 and is projected to reach USD 68.5 billion by 2028; it is expected to grow at a CAGR of 9.6% from 2023 to 2028. The increasing demand for consumer electronics applications due to heavy adoption and advancements in smartphones, tablets, and wearables, as well as growing automotive applications due to ADAS and vehicle automation, is driving the growth of the camera modules market.

Fixed Focus segment is expected to hold a significant share during the forecast period.

Fixed focus modules are less expensive than autofocus, requiring electronics, moving parts, and electricity. As fixed-focus lenses require no user input, they are appropriate for use in cameras meant to be inexpensive or to function without electrical power, such as disposable cameras, low-end 35 mm film point-and-shoot cameras, or cameras with simple operation. They are widely used in CCTV cameras, webcams, surveillance, smartphones, vehicles, electronic toys, IP cameras, and HD analog systems. These features positively impact the demand for fixed-focus cameras in the camera modules market.

The automotive segment is projected to grow at the highest CAGR during the forecast period.

The key factor contributing to the growth of this segment is the increasing safety concerns among automobile manufacturers. The adoption of camera modules in advanced driver assistance systems (ADAS) with the growing trend for autonomous vehicles provides opportunities for market growth. The adoption of advanced camera modules to assist the driver in preventing collisions and provide an enhanced driving experience is set to push market growth.

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Asia Pacific will hold the largest share of the camera modules market throughout the forecast period.

Asia Pacific, particularly countries like China, Japan, South Korea, and Taiwan, has established itself as a global manufacturing hub for automotive and electronics. These countries have robust manufacturing infrastructures, advanced technology capabilities, and a vast network of suppliers and manufacturers. The camera modules market in the Asia Pacific region is poised for rapid growth driven by several key factors. Firstly, the region boasts the world’s largest and continuously expanding smartphone market, spurring demand for high-resolution camera modules to meet consumers' photography and videography expectations. Additionally, the thriving automotive industry in Asia Pacific is propelling the need for camera modules used in various applications like driver assistance systems, parking aids, and collision avoidance systems. Furthermore, rising concerns about security have led to a growing demand for security cameras, with camera modules being essential components in CCTV, IP, and body-worn cameras.

Key Players

The camera modules market includes significant Tier I and II players such as LG Innotek, OFILM Group Co., Ltd., Sunny Optical Technology (Group), Hon Hai Precision Inc. Co., Ltd. (Foxconn), Chicony Electronics, Sony, Intel and Samsung Electro-Mechanics and so on are some of the key players in the camera modules market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Pressure Washer Market Share, Size, Trends, Market Growth Drivers 2030

 The global pressure washer market size is expected to reach USD 3.0 billion by 2026, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.

“Commercial application to dominate the pressure washer market”

The pressure washer market for commercial application is dominant in 2020. The growing construction activities in APAC are responsible for the adoption of pressure washers at construction sites.

Besides, the governments of various countries are heavily investing in the expansion and development of commercial infrastructures, which is also fuelling the growth of the segment.

“Portable pressure washer to hold the largest share of pressure washer market by 2026”

The market for the portable pressure washer held the largest share in 2020 and is estimated to remain the same during the forecast period.

The growth of the segment is attributed to the portability of these washers that helps to meet the need for cleaning floors and objects. Portable pressure washers are compact and can be carried at the required destination for the cleaning of vehicles, equipment, tools, machines, and surfaces. These washers are convenient for storage as they do not require much space. They are highly adopted by commercial and residential applications.

“Pressure Washer in APAC to grow at the highest CAGR”

APAC is expected to hold the largest growth rate of the global pressure washer market during the forecast period. There is a high demand for pressure washers in China due to rapid industrial growth and a rising population, which leads to an increase in residential activity.

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The country is one of the biggest exporters of pressure washer components. The agricultural industry is expected to be one of the key contributors to the growth of the pressure washer market in APAC during the forecast period. Increased adoption of pressure washers for cleaning farming equipment for better yield production and profitability is estimated to fuel the growth of the market in the region over the forecast period.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Industrial Cybersecurity Industry worth $24.4 billion by 2028

The Industrial cybersecurity market is expected to grow at a CAGR of 7.7%, from USD 16.3 billion in 2022 to USD 24.4 billion in 2028. The primary reasons for this rise in demand for industrial cybersecurity products in power industry.

Driver: Rising government and private investments to create safe and secure industrial

Critical resources of a country’s economy rely on digital technologies. Cyber threats and cyberattacks can disrupt or damage plant operations and IT systems by hacking vital information using malware, spyware, and phishing. Cyberattacks on utilities and chemical and manufacturing plants mostly include phishing, brute-force, and malware. Governments worldwide are increasingly providing funds to address the issue of security breaches and improve industrial cybersecurity.

Restraint: Lack of adequate funds, framework, and governance required to develop high-end cybersecurity solutions

Cybersecurity concerns are increasing and the industrial sector is struggling to tackle them. As the frequency of cybersecurity breaches has increased over the past years, organizations have increased their IT security investments to protect their systems against advanced threats, zero-day malware, and other targeted threats. However, there is a lack of framework and governance due to the high costs of innovations pertaining to advanced cybersecurity solutions. Also, numerous manufacturers do not perform any cyber risk assessments, specifically focused on the ICS operating on shop floors, resulting in a potentially significant risk to operations undertaken by facility owners.

Opportunity: Rising importance of cloud-based industrial cybersecurity services

Industrial units require enough space to establish and operate a wide variety of interconnected devices and products that work together. Industrial units are often established outside the city, limiting the ease of operation. Industrial units sometimes do not have adequate infrastructure, especially across developing or emerging economies. This leads to instances where the delivery of OT security is not practical or feasible. In such cases, the use of cloud technology enables OT security. Therefore, in the near future, cloud-based ICS-as-a-Service is expected to gain considerable importance in industrial areas that do not offer physical deployment of cybersecurity for industrial.

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Challenge: Lack of awareness about best practices and criticality of cybersecurity in industrial control systems

The companies working in the industrial verticals use security technologies to prevent cyberattacks, but attackers develop new techniques and procedures to infiltrate these technologies.Human error are some of the key reasons for most of the breaches and Investments in security defense and detection technologies help develop effective defense strategies. The errors can happen due to lack of awareness among employees, which is putting the industrial sector at risk. Advanced cyber threats have significantly increased over the last few years and have become a major security concern for the industrial sector.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.