Tag Archives: compound annual growth rate

Report: Big Data, Cloud Computing to Help Drive Artificial Intelligence Market Growth

A Market Research Engine report predicts the global artificial intelligence market will grow at a 37 percent annual compound growth rate through 2024 to reach $191B. The research company said Sunday the growth of big data, a demand for intelligent virtual assistants and the adoption of cloud computing applications and services are among the factors …

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Transparency Market Research: Immigration-Related Threats to Drive Military Biometrics Sector

A Transparency Market Research report projects the global market for military biometric systems to experience a 7.4 percent compound annual growth rate over the next eight years due to growing national security challenges worldwide. The research firm said Tuesday it estimates that the military biometrics sector to grow from $5.6 billion in 2016 to …

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Deltek Report: IT Policies, Infrastructure Upgrade Efforts to Drive Federal Data Security Spend

A new Deltek report predicts that federal spending on information security will reach $12.0 billion in fiscal 2021, up from $9.3 billion during fiscal 2016, as cybersecurity continues to be a priority for many agencies. The federal information security spend projection represents a 5.3 percent compound annual growth rate over the next …

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RnR Market Research Forecasts 6% CAGR for Defense Drone Industry Through 2020

An RnR Market Research report predicts the military unmanned aerial vehicles market will achieve a 6 percent compound annual growth rate over the next five years. The company said Wednesday large defense UAVs that can perform surveillance, intelligence gathering, target designation, fire support and strike missions accounted for a total of about …

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MarketsandMarkets: Disaster Mgmt Policies to Drive Market for Public Safety, Security Platforms

MarketsandMarkets has reported that worldwide governmental efforts to keep citizens, infrastructure and organizations safe from multiple threats drive growth in the public safety and security market. The market’s value to grow from almost $221 billion this year to about $371 billion by 2020, with a compound annual growth rate of 10.9 …

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