How Does Increasing IT Expenditure Boost Desktop Virtualization Industry? The desktop virtualization industry garners $11,980.7 million revenue in 2021, and it is projected to rise at the rate of 13.1% in the coming future, to hit $36,258.9 million revenue in 2030. Virtual desktops provide numerous benefits compare to physical desktop machines, such as cost savings, easy administration, enhanced productivity, high security, agility, scalability, support for multiple types of devices, and improved user experiences. In addition, the rapid adoption of the hybrid work models that facilitate remote work, from any device, and location in any time zone boost the adoption of digital technologies which makes desktop virtualization possible. Desktop as a service contributes around 25% of the revenue share of the desktop virtualization software industry in 2021, and it is projected to experience annual growth of 13.5% in the coming future. It is led by the rising secured virtual desktop demand during the COVID-19 period, due to the wide adoption of hybrid work models to remain productive during the lockdown. DaaS provides easy management, enhanced flexibility, and lesser ownership costs. It is used for the quick and easy construction of digital workspaces for businesses that provide remote work possibilities and personal device freedom. The subscription-based pricing model captures a substantial share of the desktop virtualization industry. Several vendors provide free software, per hour charge, and several provide licenses or charges on an annual or monthly basis. The pricing strategies based on subscriptions are highly preferred and generate significant revenue. Cloud-based virtualization software holds a substantial industry share, in terms of revenue. Cloud-based computing provides software access that runs on shared resources, including processing power, memory, and disk storage throughout the internet. Remote data centers maintain computing resources, as they are required to host applications on various platforms. In addition, SMEs get benefitted from the cloud, as it facilitates users to function on applications at a lower price, with decreased software and hardware expenditure. The cloud provider can help in attaining higher productivity with the expansion of the software capabilities. Large organizations with a workforce of more than 1,000 employees install virtualization software on functional systems for providing easy data access from centralized sources, along with security purposes. Machines have started to be virtualized, and it is a major trend to be seen on desktops. Desktop and server virtualization provides support to businesses to attain a competitive edge, with reduced hardware costs, quicker provisioning and deployment of desktop and server, enhanced data security, disaster recovery, energy savings, and improved operational efficiency of IT. North America captures a significant share of the industry, owing to the developed IT infrastructure, led by high IT investment, early adoption of cloud-based technologies, and 5G technology penetration in the region. APAC is projected to experience the fastest growth in the coming years, led by the surging economy, rising investments in the IT sector, and increasing initiatives of the government and private entities for AI technologies and IoT deployment across various verticals. Therefore, the wide adoption of hybrid work models and high investments in IT infrastructure proliferate the industry. Read More: https://www.psmarketresearch.com/market-analysis/desktop-virtualization-market

How Does High-Range Voltage Contribute to Multi-Layer Ceramic Capacitor (MLCC) Market? In 2021, the multi-layer ceramic capacitor market contributes $12.2 billion in revenue, and it is projected to rise to $34.6 billion in 2030, progressing at 12.3% from 2021 to 2030. Moreover, the automotive category holds the significant multi-layer ceramic capacitor (MLCC) market share, accounting for revenue worth $4.8 billion, and it is expected to rise at a rate of 12.4% in the coming years. The rising adoption of EVs and self-driving vehicles in the automotive industry, with increasing government support for mandatory ADAS systems, and smart technologies for automotive manufacturing implementation drives the market. Moreover, MEMS introduction linked with ADAS, technical improvements in infotainment, connected cars developments, and integration of IoT devices in automobiles, results in the surging requirement of the electronic control units, which results in the growing demand for the high-capacitance MLCCs, that bolsters the expansion of the multi-layer ceramic capacitor market. The continuous technological advancements in the automotive sector require improvements in the safety feature, component downsizing, and high capacitance. In addition, the surge in the usage of electronic components in vehicles such as engines, infotainment devices, engines, and powertrains require MLCCs and thus drive the market. The general capacitors hold a significant share of the multi-layer ceramic capacitor market, ascribed to the wide application of the general capacitors in the market, along with the availability of a wide range of capacitances and sizes. It is projected to experience the fastest growth at a rate of 12.3% in the coming years. In addition, the growing requirement for general capacitors in various applications such as cellular cellphones, DC-DC converters, memory modules, gaming machines, televisions, and LCDs drive the market. Moreover, the universal capacitors help in reducing the noise from electronic circuits, and their small size facilitates the easy installation of electronic equipment. In addition, the high-range voltage category captures the extensive multi-layer ceramic capacitor market share, accounting for 48.2%, attributed to advanced ceramic dielectric multi-layering and thin-layer methods widely utilized in the high-range MLCC capacitors to facilitate electronic systems with high capacitance. They are also utilized in various applications, such as coupling capacitors, lighting ballasts, high-voltage coupling capacitors, and inverter circuits. Furthermore, the numerous advantages of the mid-range voltage MLCCs, such as no polarity, low leakage, low cost, and high capacitance-to-volume ratio allow application in various electronic systems. Moreover, electrolytic capacitors have lower ESL/ESR and stronger mechanical strength compares to electrolytic capacitors. APAC is projected to experience massive sales in the multi-layer ceramic capacitor market, amounting to $5.1 billion, and the regional market is projected to retain its dominance in the near future, progressing at 13.0%, owing to a surge in the application of renewable energy products and MLCC-based electronic components in the automobile sector in the region, resulting in the increased demand for MLCCs from end-use sectors. Additionally, China has retained its place in the list of top manufacturers of MLCCs, with a massive local presence. The MLCC producers in the country are focusing on expanding themselves with the increased supply of consumer electronics. Moreover, the surge in the requirement for consumer electronics in developing countries such as China and India, bolsters the MLCCs consumption, resulting in market proliferation. Therefore, the massive application of general capacitors such as televisions, LCDs, DC-DC converters, memory modules, and gaming machines results in market proliferation Read More: https://www.psmarketresearch.com/market-analysis/multi-layer-ceramic-capacitor-mlcc-market

Impact of Sports Technology In today's fast-paced world, sports and technology are intersecting. From cutting-edge equipment to advanced data analytics, sports technology is revolutionizing the way athletes train and compete. Whether it is enhancing performance, ensuring fair play, or delivering immersive experience for fans, the implementation of technology in sports is reshaping the landscape of sports. The implementation of AI in sports has led to improved athlete productivity in leagues or matches, automated sales of tickets, enhance athlete performance, and improved athlete training. For example, artificial intelligence can provide real-time feedback throughout training to increase the outcomes of an exercise and develop specific training strategies. Numerous technologies have been implemented in various sports, including soccer, basketball, baseball, American football/rugby, tennis, cricket, and others. Some of the key technologies that have a huge impact on sports are: Smart Stadiums Smart stadium technology improves the fan experience by integrating various elements such as high-definition video screens, interactive displays, and wireless connectivity. These technologies provide instant replays, real-time statistics, and interactive games, creating an engaging atmosphere. It also helps organizers in maintaining amenities in stadiums, for example, online ticket sales, concessions of food, and live tracking of parking. Sports Analytics Sports analysis tools have revolutionized the way teams and athletes assess their performance, as this technology can be implemented in health assessment, team performance analysis, player analysis, data interpretation, hospitality management, and sales & marketing management. For example, IBM and Wimbledon introduced a digital platform for player insights in June 2022. Esports Esports, organized competitive gaming, relies heavily on technology. Advanced gaming consoles, high-performance gaming computers, and virtual reality headsets create immersive experiences for gamers and audiences alike. Devices Wearable devices such as fitness trackers, smartwatches, and heart rate monitors are commonly used by athletes to track biometric data, monitor training progress, and analyze performance metrics. These devices provide real-time feedback on heart rate, distance covered, speed, and other key parameters, enabling athletes to optimize their training and track their progress. Increasing Use of Sports Technology in the Middle East The implementation of sports technology is constantly increasing in the Middle East mainly because of the mega sporting events hosted recently in the region such as the FIFA World Cup and Formula 1 race. Moreover, the increasing popularity of soccer and the rise of Esports across the Middle East has also increased the implementation and requirement of sports technology. Moreover, governments take numerous initiatives to increase their economy by investing in sporting activities. For example, the Gulf Cooperation Council associate states, including Saudi Arabia and the U.A.E., have invested approximately USD 65 billion in the industry of sports. Hence, it is because of the increasing emphasis on entertaining and managing fans at the stadium, as well as tracking the health and fitness of the players and enhancing individual or team performance, the demand for sports technology is rapidly increasing all over the world, and it will generate a value of USD 53,020 million by the end of this decade. Read More: https://www.psmarketresearch.com/market-analysis/sports-technology-market

North American Dominating Compound Semiconductor Market The total value of the compound semiconductor market was USD 38,552 million in 2022, and it will rise at a growth rate of above 6.10% shortly, reaching USD 61,911 million by 2030, according to P&S Intelligence. The development can be mainly credited to the increasing demand for SiC devices in power electronics. Moreover, the growing need for consumer electronics boosts the sale of semiconductors throughout the globe. As per the Semiconductor Industry Association, semiconductor sales stood at USD 152.5 billion in quarter two of 2022, which was a surge of 13.3% from 2021. In 2022, the GaN category held the largest compound semiconductor market share, of above 30%, and the category is projected to remain dominant in the future as well. GaN upholds a low conduction resistance and high breakdown voltage, which enable them for high-speed switching and the reduction of equipment. Furthermore, GaN devices can effortlessly aid high electron mobility and densities due to their small size. In 2022, the telecommunications category held the largest revenue share, at 44%, and it is projected to be in the top spot throughout the projection period. The growing utilization of GaN, GaAs, SiGe, and InP compound semiconductors in phones and other wireless communication channels is driving the growth of the market. This is mainly because of the rising requirement for 5G connectivity, which will renovate the wireless communication industry. The need for better bandwidths is growing due to the thriving mobile data utilization, which creates superior stress on networks for the obtainability of the wireless spectrum. Mobile data circulation is projected to touch 160 Exabytes each month by 2025. Web-combined wireless healthcare devices, wearables, and the three-dimensional printing of human organs and medicinal devices, which rely on semiconductors, will guarantee innovative and new methods of delivering healthcare in the future. Likewise, auto manufacturers need energy diodes and voltage regulators of brilliant dependability for several vehicle components. ICs with diverse functionalities are utilized in several automotive systems, like collision detection, navigation control, and infotainment systems. Hence, a progressive, connected, and autonomous vehicle can have above 3,000 chips. In 2022, North America dominated the compound semiconductor market with an industry share of above 22%, and the region is projected to be in the top spot in the future as well. The need for such instruments is largely increasing in the U.S. and Canada mainly because of the government measures to advance communications infrastructure and military abilities. Hence, the increasing demand for SiC devices in power electronics. Moreover, the growing need for consumer electronics boosts the sale of semiconductors throughout the globe. Read More: https://www.psmarketresearch.com/market-analysis/compound-semiconductor-market

Near-Eye Display Market was Led by China The near-eye display market will grow at a considerable rate of 24.40% by the end of this decade, to touch USD 9,799 million by 2030. This growth has a lot to do with the quick expansions in display technologies for example LED, OLED, and LCD; the growing requirement for high-quality displays in a variety of applications; and the increasing acceptance of AR and VR devices, requiring high-quality displays for providing an immersive experience. TFT LCD technology had the largest share in 2022. This is due to the fact that that it is frequently used in HMDs and wearable displays for example immersive and see-through glasses, because of its aptitude to offer high-resolution displays that can display detailed videos and images with outstanding color accurateness. Likewise, the tech makes it possible for creating high-quality, immersive visual experiences for a variety of uses from entertainment and gaming to education and training. The requirement for VR systems has grown significantly in the past. This technology can change lives of the people and the way the work is socialized by people. VR is a fully immersive environment with realistic scenes and objects that makes the users feel they are engrossed in their surroundings. The promising culture of gaming is becoming popular amongst the millennials and Gen Z is therefore creating a requirement for VR technology, chiefly in gaming events and products. More than a few gaming events are making the use of NED technology for delivering an improved experience to participants and audience. In addition, the gaming sector, VR technology is increasingly put to use in the entertainment sector for generating different content, which will accelerate the development of the near-eye display market in the years to come. APAC had a significant share in industry in the past. This is as a result of the tech progression, wide acceptance of VR and AR in the entertainment and gaming industries, and the existence of numerous major producers. Furthermore, the increasing predisposition of numerous Gen Z and millennials toward the gaming culture is snowballing the acceptance of this tech in the region. China is a key producer of VR and AR devices. This is because of the existence of significant players in the nation and the initiatives of the government for boosting the manufacturing of VR/AR devices. The first policy statement at the national level for the expansion of metaverse related techs, for example AR, VR and MR, was published in the country. There is an increasing popularity of VR and AR devices all over the world, that is why the demand for near-eye display devices will continue to increase in the years to come. Read More: https://www.psmarketresearch.com/market-analysis/near-eye-display-market

District Heating Market Will Grow the Fastest in APAC The district heating market will power at a rate of 5.6% in the years to come, to touch USD 262 billion by 2030, as per P&S Intelligence. The key trend in the industry is the use of renewable heat sources, for example bioenergy, solar–thermal, heat pumps, and geothermal, and even waste heat from data centers and industries. At this point in time, the heat produced from renewable sources has just 8% of the worldwide production. The blend of numerous energy sources is too one of the key trends in district heating. These systems not just put to use renewable sources of energy but similarly work with the waste heat from manufacturing plants and data centers, helping in achieving an advanced energy competence. With even more modification of the energy sources in district heating systems, the transition on the way to more-innovative systems will accelerate. Examples of these kinds of systems comprise a waste treatment plant in Sweden in Högbytorp generating heat and electricity, accompanied by biogas, compost, and bio-fertilizers. Europe district heating market had the largest share, of above 36%, in 2022. This was attributable to the increasing requirement for energy, backed by the growing industrial development and urbanization, along with the increasing preference for energy-efficient systems, and regulations of the government to decrease GHG emissions. The low temperature in utmost of the region for most of the year is similarly one of the factors making Europe the largest market for these systems. APAC will grow the fastest in the years to come, because of the thriving industries, fast urbanization, and continually altering climate. Moreover, the growing disposable income and increasing apprehensions associated with the emission of CO2 are the key factors driving this industry in APAC. Besides, China is the largest market as a result of the massive investments poured in district heating systems, for example the one in Heilongjiang province, supported by the ADB. It will fuss over 1.21 million urban residents in 6 cities. The residential category will grow at a high rate in the years to come, because of the growing count of households worldwide. With the growing level of growth, there is an increase in the requirement for energy. This drives the transformation of the heating infra, to make it appropriate for delivering energy to modern homes. They are also lucrative, as the owners share the price of heating a building, and there is a need of only one boiler for the entire building, instead of one per home. The progressions in smart home technologies are likewise a driver of the growing demand. In cold nations, for example Sweden, Denmark, and Russia, 40–50% of the heating needs of buildings are satisfied by these solutions, which bring about energy efficiency. It is because of the rapid industrialization, the requirement for district heating systems will continue to grow in the years to come. Read More: https://www.psmarketresearch.com/market-analysis/district-heating-market

APAC Is Dominating Electronic Design Automation Market The total value of the global electronic design automation market was USD 14,109.5 million in 2022, and it will rise at a growth rate of above 10.4% over this decade, reaching USD 31,121.1 million by 2030. This is mainly because of the growing difficulty of electronic systems and the requirement for effective design tools. Moreover, a count of industries has contributed to the industry growth by creating unique design specifications, like healthcare, telecommunications, consumer electronics, and automotive. This generates the requirement for modified design solutions. The semiconductor sector has gained traction headway in contracting procedure nodes, therefore fortifying the growth of more modest and power-capable ICs. The requirement to decrease power usage and heat dissipation and, yet, uphold signal integrity makes design problems, as a result of this reduction. Electronic design automation apparatus offers the vital capacities to confront such issues and advance the IC design for compact interaction nodes. The growing difficulty of electronic design automation requires dedicated knowledge to make and improve such systems. Designers and engineers with the expertise and capability to manage complex designs are in high demand among the industries in the industry. As a result, there is a requirement for skilled specialists, which can surge the competition for talent. In 2022, on the basis of application, the consumer electronics category had the largest share, of around 30%, in the electronic design automation industry, and the category is projected to dominate in the future as well. This is mainly due to the advent of more-urbane electronics, because of the increasing demand for pioneering smartphones, smartwatches, and smart TVs, Therefore, the growing per-capita income across the globe is estimated to boost the category’s growth at a robust rate over the projection period. On the basis of region, the APAC region is dominating with a 40% market share, and the region is projected to remain dominant in the future as well. This is mainly because of the increasing requirement for electronic devices, growing acceptance of developing technologies, like AI, IoT, and 5G; and the robust attention being paid to invention and R&D. The APAC region is a major user of EDA solutions as multifaceted semiconductor chips need sophisticated EDA tools for design and expansion. APAC, specifically Japan, China, South Korea, and Taiwan, has long catered as substantial centers for the manufacturing of electronics. Semiconductor foundries, Consumer electronics industries, and creators of electronic components for other bigger systems are all well-represented in the region. The requirement for EDA solutions to allow the design and making of electronic systems is propelled by this manufacturing strength. Hence, the growing difficulty of electronic systems and the requirement for effective design tools, are the major factors propelling the electronic design automation market. Read More: https://www.psmarketresearch.com/market-analysis/electronic-design-automation-market

Slicing Software Market Will Propel at an 18.5% CAGR The slicing software market is estimated to touch USD 771.0 million in 2023, which will rise to USD 2,516.7 million, with an 18.5% CAGR, by 2030. The growth of this industry is because of the increasing need for integrated slicing software and the growing end-use sectors including manufacturing, healthcare, aerospace, and automobile. The integrated category, based on product type, is leading the industry. This can be mainly because of its developed features like design optimization, model simulation, machine integration, repair capabilities, and analysis, coupled with the high demand for slicing operations. On the basis of deployment, on-premises is the larger category. This is because of the increasing requirement to understand sensitive info locally, data security, and compliance necessities, and thus, slicing software is extensively accepted on-premises by end users. The cloud category, on the other hand, will propel at a higher rate, during this decade. This is ascribed to its benefits including its capability to deliver greater management of the 3D printing procedure straight from a web browser. The prototyping category, based on application, is the largest contributor to the slicing software market. Moreover, this category will also advance at the highest rate during this decade. This will be because of the growing adoption of prototyping because of the increasing need for agile products and their advancement, coupled with the mounting requirement for product customization. Based on technology, fused deposition modeling (FDM) is the dominating category, primarily because of its extensive application in numerous sectors, including automobile, medical, and aerospace. The aerospace & defense category, based on industry, is the largest contributor to the industry. This can be because of the growing necessity to decrease components production time and the increasing requirement for lightweight parts as well as components utilized in the aerospace sector. Whereas, the healthcare category will propel at the fastest rate during this decade. This is because of the growth of 3D printing technology globally, which is employed to produce the most customized and complex medical devices, implants, and prosthetics. North America dominates the industry, and it is expected to hold a 45% share in 2030. This can be ascribed to the extensive adoption of new technology, the increasing end-use sectors, and the incidence of key players in this region. APAC will propel at the highest rate during this decade. This is because of the existence of countries including China, India, and Japan; active government support for 3D printing in different sectors; and the rising partnerships and collaborations among regional businesses. With the surging requirement for integrated slicing software, the slicing software industry will continue to progress in the coming years. Read More: https://www.psmarketresearch.com/market-analysis/slicing-software-market-outlook

Why Are Telecom Companies Using Structured Cabling? Structured cabling can help in making cabling management easy as it can be laid and managed by fewer staff members. This is why this system is required in today’s times, when the penetration of the internet is rising in almost every sector. According to P&S Intelligence, the increasing use of the internet is raising the demand for high bandwidths, as they enable data-intensive enterprise processes, such as high-volume online search, real-time data gathering and transfer, remote employee monitoring, and video conferences. Thus, the installation of advanced cabling is rising among government, telecommunications, commercial, and industrial organizations. In addition, this cabling system can be cost-effective in the long run and time saving, and it is a more-organized and -standardized cabling approach than patch cords. Due to such advantages, the structured cabling market 2030 size will be $12,916.5 million, compared to the estimated $6,912.1 million of 2021, growing at a stable 7.2% CAGR till 2030. A proper structured cabling system comprises cables and other components, all of which could be of copper or optical fiber. Among these, copper cables were the most-highly demanded in the past due to their cost-effectiveness over fiber cables and their installation. Copper is among the best conductors of electricity and corrosion-resistant, which reduces the risk of deterioration and cuts maintenance costs. In addition, copper wires can be bent into different shapes, which allows for their installation in narrow openings and tight corners. Considering the applications for which these cables and other components are used, the structured cabling market was dominated by the LAN category in the past. It is attributed to the fact that LANs offer great flexibility to a company to connect printers, computers, surveillance cameras, phones, and photocopiers to the overall enterprise IT network. This makes the devices used by companies independent, which ultimately helps in improving the overall productivity. Similarly, the usage of this infrastructure in data centers is escalating at a rapid pace. With the increasing usage of cloud-based solutions, the demand for third-party data storage is rising. Additionally, this demand is being driven by the surging usage of autonomous and connected vehicles, online video streaming and chatting platforms, and intelligent personal assistants. The trend of online entertainment has grown during the COVID-19 pandemic and will continue transforming leisure. Hence, to cater to the rising demand, many more data centers are being built, thereby driving the demand for structured cabling. Globally, the Asia-Pacific region is expected to lead the structured cabling market in the coming years. It is ascribed to the increasing demand for high-speed internet connections in various industries. Moreover, the surging number of data centers in China, India, Japan, and South Korea is driving the adoption of structured cabling. In the same way, the rapid digital transformation in these countries, primarily driven by the government initiatives to bring their economies to the 21st century and reduce the usage of paper, is boosting the market advance. Hence, the increasing demand for high bandwidths will boost the usage of structured cabling systems in the coming years. Read More: https://www.psmarketresearch.com/market-analysis/structured-cabling-market

Popularity of Retail Sourcing and Procurement Set to Soar in Asia-Pacific in Future The rapid digitalization in the retail industry is pushing up the popularity of retail sourcing and procurement across the world. Rapid advancements and innovations in digital technologies are revolutionizing the supply chain management process and are predicted to change the way retail procurement provides value to retail companies around the world. As per a recent survey, nearly 84% all procurement companies believe that digitalization would completely change the way procurement services are delivered over the next few years. With rapid advancements in various digital technologies such as blockchain, robotics, and artificial intelligence (AI), transparency and stock visibility for both retailers and vendors would increase massively in the coming years. Blockchain allows retailers to gain the trust of consumers by supporting autonomous transactions and maintaining chain-of-custody information and procurement and sourcing data. For example, Walmart Inc. and IBM Corporation are working together for implementing the blockchain technology for tracking food supply. This is improving the efficiency and transparency in the supply chain record keeping process and enhancing the food safety. Additionally, this partnership is using blockchain technology for tracing mangoes from farms to various stores, which is reducing the time taken for tracking the supply of mangoes from weeks or days to two seconds. Due to these factors, the popularity of retail sourcing and procurement is growing rapidly across the world. This is driving the progress of the global retail sourcing and procurement market. Depending on solution, the market is classified into supplier management, procure-to-pay, spend analysis, contract management, and strategic sourcing. Amongst these, the spend analysis category will exhibit the highest CAGR in the market in the future. This will be because of the rising adoption of spend analysis solutions, due to their ability to offer a detailed grouping, analyzing, categorizing, and cleansing of the spend data of an organization. When services are taken into consideration, the retail sourcing and procurement market is categorized into training and support, consulting, and implementation. Out of these, the implementation category recorded the highest growth in the market in the past years. The deployment of solutions such as contract management and strategic sourcing requires highly skilled and trained professionals who use various methods for developing a proper operational management system for assisting a business. Geographically, the retail sourcing and procurement market will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the forecast of P&S Intelligence, a market research firm based in India. This will be because of the rapid expansion of the retail industry and the growing awareness among various retail companies operating in the region about the improvements required in their operations such as supplier management, procurement expenses, and contract management. Hence, it can be said with full confidence that the demand for retail sourcing and procurement will soar all over the world in the upcoming years, primarily because of the rising requirement for more effective and efficient supply chain management process and the rapid digitalization in the retail industry. Read More: https://www.psmarketresearch.com/market-analysis/retail-sourcing-and-procurement-market