CAGR / Compound Annual Growth Rate stories
Colt & Versa Networks reach milestone of 1,000 SD-WAN services
Colt Technology Services, in collaboration with Versa Networks, delivers its 1,000th SD-WAN service across 55 countries, significantly reducing global customers' connection time and enhancing network security.
Cloud migration services market set to hit $55.55bn by 2032
The market forecast predicts the cloud migration services industry to soar from USD $12.03 billion in 2022 to USD $55.55 billion by 2032, a CAGR of 16.80%.
Wi-Fi chipset market poised to hit $34.5bn by 2033 with 4.4% CAGR
Rising adoption of IoT devices, smart home appliances and widespread internet connectivity is set to push the Wi-Fi chipset market value beyond expectations.
Sydney ranks fourth in interconnection bandwidth in new Equinix report
Sydney was named Asia-Pacific’s fourth-largest core metro for interconnection bandwidth as per the 2024 Global Interconnection Index (GXI) report.
ESET unveils new Asia Pacific headquarters in Singapore
ESET, a renowned digital security firm, has launched its new Asia Pacific headquarters in Singapore, demonstrating commitment to the region's evolving cybersecurity landscape and digital economy.
Reveille Software reports 50% revenue rise & expansion in 2023
Reveille Software reports marked progress in 2023 with a 50% surge in subscription revenue and a 15% staff increase, enhanced by a rapidly growing global ECM market.
Eco-digital economy set to hit $33tn by 2028, new report reveals
The eco-digital economy, marrying sustainability with digital progression, is set to swell from $16.6tn to around $33tn by 2028, a 15% CAGR, says a Capgemini/Harvard report.
HFCL secures INR 623 crore order for Indian-made 5G gear
HFCL Limited has inked a milestone INR 623 crore deal for the supply of indigenously-made 5G networking gear, making it the first Indian company to secure such a large order.
Mashreq & Fils pair up for corporate carbon offsetting service
Mashreq and UAE fintech, Fils, collaborate to launch a blockchain-based, carbon offsetting service to counter 'greenwashing'.
Colt Technology appoints Yasutaka Mizutani as APAC president
Colt Technology Services positions Yasutaka Mizutani as its Asia Pacific President, in a move to intensify the UK-based executive's responsibility over the company's operations in Asia.
Hardware security modules market set to double by 2028
The global HSMs market is set to rise from $1.2bn in 2023 to $2.3bn by 2028, driven by growing cyber threats, data security needs and digital transactions.
Asia-Pacific Data Centre Association officially launches
The Asia-Pacific Data Centre Association (APDCA), the first of its kind in the region, launched today to unite data centre industry interests and promote supportive regulations, amid rising demand for digital services.
Marketing analytics software sector riding high on AI & ML adoption
The global marketing analytics market is bolstered by increased adoption across sectors such as retail and manufacturing for improved AI and ML processes.
Hyperscale cloud market projected to hit $3.4tn by 2034
The hyperscale cloud market is predicted to reach a monumental $3.4tn by 2034, driven by digital transformation initiatives worldwide.
SIAM market set to increase from $4.8bn to $6bn by 2028
The global Service Integration and Management market is set to grow to $6 billion by 2028, driven by large enterprises and the manufacturing sector.
Demand for Microsoft Dynamics set to triple by 2033
The Microsoft Dynamics market is expected to triple in value due to rising demand for its productivity-boosting software solutions.
Global modular data centres market to reach $81.2bn by 2030
The global modular data centres market is anticipated to surge to USD$81.2bn by 2030, due to efficiency and flexibility, says Research and Markets report.
Growing cyber crime rate boosts next-gen firewall market growth
Due to rising cyber crime, the next-gen firewall market is projected to grow at a CAGR of 10.48% between 2021 and 2028, per a Knowledge Sourcing Intelligence study.
Global smart TV shipments expected to drop in 2023, IDC reveals
Global smart TV shipments are expected to decrease by 5.5% in 2023, with zero growth in 2024, according to the IDC, amid economic challenges and consumer demand shifts. However, the Indian market bucks this trend showing robust growth.
UNICOM expands immersion-ready servers in partnership with Intel and Dell
UNICOM Engineering advances technological horizons with an expanded portfolio of immersion-ready servers.
Content protection market to grow by $1 billion by 2028
The surge in market growth is propelled by several strategies and technologies safeguarding digital content, according to a new report from Technavio.
Global GenAI investment to surge to $151.1 billion by 2027, says IDC
Worldwide investment in GenAI set to soar, reaching a predicted $151.1bn by 2027 according to IDC.
5G MVNO market projected to reach $132 billion by 2029
5G MVNO market forecasted to reach $132.03bn by 2029, harnessing 5G technology without the need for physical infrastructure.
ServiceNow to acquire task mining firm UltimateSuite for AI boost
ServiceNow is set to acquire task mining firm UltimateSuite to bolster its AI capabilities and enhance process mining. .