A report by TechNavio predicts that global biometric spending in the government sector will climb in value from 2015 to 2019 at a compound annual growth rate of more than 14 percent. The company said Friday the availability of user-friendly and cost-effective biometric systems and past violent incidents that have created the need …
Read More »MarketsandMarkets: Global Drones Market to Attain 32% CAGR by 2020
A new MarketsandMarkets research report predicts the global drones market will achieve a compound annual growth rate of 32.22 percent from 2015 through 2020, buoyed by regulatory relaxations on unmanned aerial vehicles. MarketsandMarkets said Monday the report foresees a $5.59 billion industry in five years, up from $663.4 million in 2014. The report …
Read More »Research and Markets: Smart Commercial Drones Markets to Reach $27B by 2021
Research and Markets has released a new report that forecasts smart commercial drones markets will grow to $27.1 billion by 2021 from $3.4 billion in 2014. The report predicts commercial-grade consumer video drones will take the largest chunk of revenue throughout the forecast period, Research and Markets said Sept. 11. …
Read More »Research and Markets Report Sets Global Military Comms CAGR at 12% in 2015-2020
A new Research and Markets report forecasts the global military communications market to reach $40.82 billion by 2020 from $23.02 billion in 2015 amid a growing demand for updated communication techniques. The report sets the market’s compound annual growth rate at 12.1 percent during the forecast period, Research and Markets …
Read More »Research and Markets: APAC Region to Dominate Maritime, Border Security Spending Through 2025
A fresh Research and Markets report predicts the global maritime and border security market will reach $23.7 billion by 2025 from $15.6 billion in 2015, representing a compound annual growth rate of 4.23 percent. The report indicates internal security threats will bolster the demand for maritime and border security products …
Read More »Study: Aging Aircraft to Drive Military Aerospace Simulation, Training Market Activity
A Research and Markets report predicts the global market for military aerospace simulation and training technologies will have a compound annual growth rate of -1.46 percent through 2019. The company said Monday aging fleets military aircraft and demand to extend their service lives will drive growth in the market. According to its report, the efforts …
Read More »Research and Markets: UCaaS Market to Hit $25B by 2020
A new Research and Markets report projects the unified communication-as-a-service market to reach $24.88 billion by 2020 from $15.12 billion in 2015. The report noted a growing adoption of UCaaS in retail industry vertical due to the consumer goods and retailers’ increasing need for business communication process as they transform …
Read More »Research and Markets: Global Soldier Modernization Market to Reach $13B by 2025
A Research and Markets report predicts the global soldier modernization market will hit $12.8 billion by 2025 from $8.3 billion in 2015. The report analyzed drivers, spending pattern, modernization trends and growth stimulators for the soldier modernization market in a span of 10 years, Research and Markets said Tuesday. It set the compound annual growth rate …
Read More »Research and Markets: Computer-Aided Design in NA’s A&D Sector to Grow 4% Through 2019
Research and Markets has released a new report that predicts the computer aided design market in North America’s aerospace and defense sector will grow 4.2 percent year over year from 2014 through 2019. The report is based on industry input and market analysis, and segments the market into three-dimensional CAD …
Read More »MarketsandMarkets: UCaaS Market to Hit $25B by 2020
A new MarketsandMarkets report predicts that the market for unified-communications-as-a-service will grow at a 10.5-percent compound annual growth rate to reach a market value of $24.88 billion in 2020. The company said Monday the market is currently worth $15.12 billion, driven by the increasing use of communications solutions that integrate desktop, video, …
Read More »Research and Markets Sets Military Aviation HUD Market CAGR at 4% for 2014-2019
Research and Markets has released a new report that predicts the global military aviation heads-up display market will grow 3.79 percent year over year from 2014 through 2019. Asia Pacific countries will increase their defense budgets as these nations continue to expand their military modernization programs, Research and Markets said …
Read More »Mordor Intelligence: Critical Infrastructure Protection Market Worth $131B in 2020
A report by Mordor Intelligence predicts that the global critical infrastructure protection market will grow at an 8.5-percent compound annual growth rate from $80.5 billion last year to $131.33 billion in 2020. Mordor Intelligence said the growth will follow developments in smart grid technology, cloud computing and critical infrastructure technology amid the potential impact …
Read More »Research and Markets: Global C4ISR Market to See 3.67% CAGR Through 2019
A Research and Markets report predicts that the global market for C4ISR systems will grow at a 3.67-percent compound annual growth rate through 2019. The company said Wednesday the Middle East and Asia-Pacific regions will see the most growth with a combined 30-percent market share due to increased defense budgets and demand for …
Read More »Research and Markets: Global Military Satellite Market Worth $10B by 2025
A new Research and Markets report indicates that the global military satellite market will climb in value from $5.7 billion this year to $9.7 billion in 2025 at a compound annual growth rate of 5.47 percent. The company said June 30 North America will have the largest market share, with the U.S. anticipated …
Read More »Research and Markets: Satellite-Based Earth Observation Market Set for 13% CAGR Growth by 2019
Research and Markets predicts that the global satellite-based Earth observation market will achieve a 13.23-percent compound annual growth rate over a five-year period ending 2019. The company said Friday the report points to the growing application base for satellite data leading to the increasing number of launches of Earth observation satellites, which …
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