Market Growth stories - Page 16

The satellite IoT market is set to grow at a 26% CAGR to reach USD $4.7 billion by 2030, driven by tech advances and rising demand for remote connectivity.

Demand for AI prompt engineers in the UK soars by over 180%, with salaries reaching up to GBP £87,500 amid growing adoption of generative AI technologies.

Europe's PC desktop sales remain strong in early 2025, with consumer notebooks outperforming commercial ones amid uneven market recovery across countries.

New research reveals a UK mid-market misalignment between IT and Business leaders on AI investment, hindering growth and productivity prospects.

ABBYY unveils Document AI API, a developer-friendly tool to convert unstructured business documents into accurate data, boosting automation in workflows.

Reconeyez has launched a new SIM service to enhance connectivity and appointed Guy Combrinck as Head of Sales for the UK and Ireland.

As international trade grows more complex, smart labels are revolutionising the import process by providing real-time tracking and data sharing capabilities.

Velixo has secured Series A funding from Elephant to enhance its Excel-based ERP reporting solutions, aiming to drive innovation and growth in the sector.

Cyber risk management provider KYND has strengthened its leadership team, appointing Nadji Raib and Jeff Foley to drive growth across EMEA and the US.

Varonis Systems has acquired Cyral, enhancing data security capabilities amid a projected USD $225 billion database market boom by 2028.

The Trusted Connectivity Alliance reports eSIM shipments surpassed 503 million in 2024, marking a 35% rise, driven by strong consumer demand and new devices.

The generative AI market soared to USD $25.6 billion in 2024, driven by rapid tech adoption and dominated by key players like NVIDIA and Microsoft.

CrowdStrike has become the first cloud-native cybersecurity vendor to surpass USD $1 billion in annual sales via AWS Marketplace, highlighting its rapid growth.

UK tech firms are seizing opportunities in Japan, South Korea, and Taiwan's booming cybersecurity markets, projected to reach GBP £6.2 billion by 2027.

Barracuda Networks has appointed Peter Alexander as Chief Marketing Officer to lead its market growth strategy and enhance cybersecurity solutions amid rising demand.

A recent study by Gigged.AI reveals a critical AI skills gap in the UK, warning that government policies hinder recruitment essential for future growth.

As US export limits on GPUs ignite concern, EU leaders are urged to bolster their semiconductor industry for AI growth by 2025, believes LIAN Group co-founder.

New analysis from IoT Analytics reveals the global IoT professional services market reached USD $56 billion in 2024, growing 46% in three years.

As the complexities of corporate IT environments expand, cybersecurity experts warn that organisations must effectively identify their attack surface to enhance protection.

The HR software market is projected to grow from USD $20.16 billion in 2024 to USD $30 billion by 2032, driven by demand for innovative, cloud-based solutions.