MarketsandMarkets has forecast in a new report that the Internet of Things within the transportation market will reach $143.93 billion worth by 2020 as the sector’s research and development programs continue to expand. MarketsandMarkets said Monday that the IoT software plays a large role in the transportation sector due to the properties’ …
Read More »IHS Reports Top Importers, Exporters in $64B Global Defense Market
A new report by IHS indicates that the global defense market saw increased trading activity for the sixth consecutive year, a 13.4 percent growth rate from $56.8 billion in 2013 to $64.4 billion in 2014. “This record figure has been driven by unparalleled demand from the emerging economies for military aircraft …
Read More »Govini 2015 GovCon Scorecard: Commerce Dept is Top Agency, Lockheed is Top Vendor
Govini‘s latest Federal Scorecard report points to a “highly competitive” government contracting space in 2014 with the Commerce Department leading in agency spending percentage increase and Lockheed Martin ahead in captured contract revenue. “The annual scorecard gives the market an opportunity to look at federal spending from a macro level and, through …
Read More »TBR Research: Cloud Users to Prefer Customized Services in 2015
A TBR Research survey indicates that majority of cloud customers in 2015 will switch to services that fulfill their specific requirements through on-premise, private and single-tenant platforms, InformationWeek reported Monday. Charles Babcock writes the survey, conducted in the fourth quarter of 2014, shows a growing preference toward a single-tenant service among individual …
Read More »ReportsnReports: Global Military Fixed-Wing Aircraft Market to Reach $87B by 2025
ReportsnReports has released a new study that predicts the global military fixed-wing aircraft market will reach $87.5 billion by 2025. The increase represents a compound annual growth rate of 3.64 percent from 2015 to 2025, with North America as the dominant market, ReportsnReports said Friday. The U.S. is expected to spend $260.9 billion total over …
Read More »Research and Markets Sees 4% CAGR for $102B C4ISR Market
New analysis from Research and Markets has forecast a 4.52 percent year-over-year growth for the $102 billion C4ISR market from 2014 to 2020. The market report singled out the electro-optics subsector fueling demand for intelligence, surveillance and reconnaissance equipment in the defense, aerospace and homeland security segments, Research and Markets …
Read More »Market Report: Global Biometrics Set for 21% CAGR in 2013-2019
The global market for biometrics is set for double-digit growth in the next five years, pushed by new discoveries in technology and a changing threat landscape, new analysis from Transparency Market Research revealed. The market report predicts a $23 billion industry by 2019, with a 20.8 percent compound annual growth …
Read More »Frost & Sullivan: Government Set for Wound Care Market Innovation, Growth
A new Frost & Sullivan report projects the government sector to be among the sources for new options to expand the world’s $9 billion wound care market. The market analyst urged wound care manufacturers to watch the public health industry for direction in advanced treatment and cost management. “The biggest opportunity for wound care manufacturers …
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