The global bread and rolls market was valued USD 187 billion in 2015 and is expected to reach almost USD 216 billion by 2020, according to a report on food and beverage industry from Technavio. The market will grow slowly at a CAGR of slightly less than 3 per cent during the forecast period. The growing…
A combination of increased demand for high-end brands and low-cost tourism is expected to drive the global duty-free retail market until 2019, according to a new report by Technavio.Due to high consumer demand and affordable travel rates, the duty-free retail sector is expected to reach approximately $98 billion in revenue by 2019. As such, Technavio’s…
Expect significant growth across the global cloud backup and disaster recovery (BDR) market over the next few years, according to a new report from Technavio.The technology research firm indicated the global cloud BDR market could expand at a 12.94 percent compound annual growth rate (CAGR) between 2016 and 2020. “Cloud backup and recovery solutions securely copy the…
The global mega data center market is expected to exceed $14 billion by 2019, latest Technavio report showed. The CAGR for the forecast period is over 7 percent.The growing number of Internet users is one of the major reasons for the increased adoption of data centers, Technavio said. “It is expected that 60 percent of the planet…
The global chip-on-board (COB) LED market will rise at a compound annual growth rate (CAGR) of 35.51% during 2016-2020, according to a report by market research firm TechNavio. Key COB LED vendors are listed as Citizen Electronics, Cree, Nichia, Osram Opto Semiconductors, Philips Lumileds Lighting, Samsung Electronics and Seoul Semiconductor. Other prominent vendors include Everlight…
For the storage market, judgment day will come some time in 2017. That’s when sales of solid state storage devices will exceed conventional spinning hard drive sales—at least according to a report in The Register that is based on Gartner data and estimates provided by investment firm Stifel.Stifel predicts that conventional hard disk drive (HDD)…
Driven by surging smartphone sales, India became the world’s second largest Internet population in 2015 with 402 million users, according to Internet and Mobile Association of India (IAMAI) and IRMB International. Only China has a larger population with an estimated 650 million users.With the resolution around industry standardisation and continued innovation at the chip level…
The Internet of Things (IoT) is expected to have a major, efficiency- and productivity-enhancing impact on how manufacturers and other companies in industrial settings conduct businesses. A new forecast from market research firm Technavio paints a rosy picture for IT vendors that specialize in industrial IoT.According to the analyst group, the market for industrial IoT…
Technavio has released a new report with analysis of the key developments expected to impact — positively or negatively — the market through 2020.For starters, the worldwide mobile computer market could reach $884 billion by 2020, growing at a CAGR of over 4 percent. “The market is expected to experience revenue growth due to high…
Fenestration – roughly stated, the art of bashing holes in the sides and tops of buildings and putting various objects in those holes in an energy-efficient manner – is a big deal. Windows fill many of those holes, and smart glass is a big advance.The savings can be significant. Dr. Helen Sanders, the Vice President of Technical Business…
