Research Insights

Our estimates suggest that the global eLearning market is likely to be worth USD 194.5 billion in 2020, and this value is projected to reach USD 420.1 billion by 2030, growing at an estimated CAGR of 8.0%, during the given time period. Electronic learning (eLearning) or online learning can be defined as the learning imparted via electronic media, majorly through internet, on devices, such as mobile phones, tablets, phablets, laptops, and personal computers. It can also be defined as a network en more

Our estimates suggest that the global eGaming market is likely to be worth USD 170 billion in 2020, and this value is projected to reach USD 518 billion by 2030, growing at a CAGR of 11.8% during the forecast period. Electronic gaming (eGaming) encompasses video games played on devices, such as consoles and personal computer, mobiles and online portals. The eGaming industry is presently flourishing owing to the rapidly growing gaming population. According to Statista, more than 3.0 billion indiv more

Our estimates suggest that the global cybersecurity market is likely to be worth USD 167.1 billion in 2020, and this value is projected to reach USD 418.2 billion by 2030, growing at a CAGR of 9.6%, during the forecast period. Cybersecurity can be referred to as the act of protecting computer systems, stored data, electronic systems, mobile devices, networks and servers from digital- or cyber- attacks. Cyber-attacks are usually carried out to assess, destroy or modify important or confidential d more

The process of drug development and manufacturing is estimated to take around 10-15 years. In addition, according to a study published in the Journal of the American Medical Association, it was estimated that approximately USD 1.3 billion in capital investment is required in progressing a single pharmacological lead from the bench to the market. It is also worth highlighting that close to 90% of pharmaceutical product candidates fail to make it past the clinical stage of development. This h more

Drug discovery and development is a complex and time intensive process that requires a significant amount of resources and capital investments (~USD 2.6 billion). In fact, on an average, the journey from establishment of initial proof-of-concept to product launch, takes around 10-12 years. Moreover, regulatory approval is dependent on the results of randomized clinical trials (RCTs), which are estimated to account for a staggering 40% of the pharmaceutical industry’s budget in the US. It i more

From periodically monitoring disease progression in patients to developing customized therapies based on genetic predisposition, biomarkers (which are specific indicators of biological events) have become an indispensable aspect of contemporary healthcare solutions / practices. Ongoing digitization efforts in the healthcare industry have led to the development of a number of digital solutions, which are capable of generating, collecting, and tracking medical data. From this data, details of anat more

The drug discovery process, which includes the identification of a relevant biological target and a corresponding pharmacological lead, is crucial to the clinical success of a drug candidate. Considering the growing complexity of modern pharmacology, the discovery of viable therapeutic candidates is very demanding, both in terms of capital investment and time. In fact, according to a study conducted by Tufts Center for the Study of Drug Development, it was estimated that a prescription drug requ more

The medical devices market currently represents a sizeable segment of the healthcare industry. Driven by the increasing prevalence of chronic disorders as well as the technological advancements in this domain, the market is projected to continue its growth at a commendable pace over the coming years. According to the Food and Drug Administration’s (FDA) Center for Devices and Radiological Health (CDRH), there are currently around 175,000 types of medical devices in the US market alone. In more

Our estimates suggest that the global AI in energy market is likely to be worth USD 2.1 billion in 2020, and this value is projected to reach USD 30.8 billion by 2030, growing at a CAGR of 30.6%. AI is the ability of a system to think like humans, discover the meaning, and execute the tasks. The term was coined in 1955 by John McCarthy and has gained wide popularity till date. Over the years, AI-driven technologies have continued to evolve rapidly, with several industries increasingly deploying more

Deep learning is a machine learning approach that involves the use of intuitive algorithms and artificial neural networks to facilitate unsupervised pattern recognition / insight generation from large volumes of unstructured data. This technology is gradually being incorporated in a variety of applications across the healthcare sector, including imaging-based medical diagnosis and data processing. Specifically concerning medical imaging, deep learning has the potential to be used to automate inf more

Presently, the world is witnessing a radical change in the way industrial operations are conducted. Technological advances have now enabled a number of simple and complex processes to be automated. In addition, growth in adoption of the concept of internet of things has led to the generation of large volumes real-time data, which require advanced machine-learning techniques for analysis. Collectively, the aforementioned developments have initiated a new phase in the current industrial revolution more

Chronic disorders, such as arthritis, diabetes, cancer, obesity and heart disease, are considered to be the leading causes of death and disability across the world. Specifically, the global prevalence of diabetes is estimated to be more than 300 million adults by 2025. According to the WHO, more than 450 million people are presently suffering from some form of mental health disorder (such as anxiety and depression), and / or neurological disorder. The rise in number of patients suffering from su more

Advent of smartphones coupled to the easy accessibility of information on the internet, has rendered it crucial for companies to establish a digital presence. As opposed to traditional strategies, digital marketing is not only cost effective but offers several ancillary benefits, such as targeted outreach and data driven output. In fact, a recent study stated that digital advertising is expected to account for around 50% of the overall global advertisement spend by 2021. However, the adopti more

Our estimates suggest that the global digital twin market is likely to be worth USD 5.1 billion in 2020 and this value is projected to reach USD 115.1 billion by 2035, growing at an estimated CAGR of 23.2%. A digital twin is the digital replica of the physical entity of the product, processes, places or human. The concept of the digital twin technology was first introduced by NASA in 2010. The aforementioned organization used digital twin technology for developing a highly detailed simulation mo more

Electric Vehicle (EV) charging station can be described as an electric vehicle supply equipment (EVSE), which is part of an infrastructure responsible for supplying electric energy for recharging plug-in electric vehicles. The global EV charging infrastructure market is projected to reach USD 140.0 billion by 2030, growing at an estimated CAGR of 31.2%. The rapid pace of growth expected to be witnessed within this industry can be attributed to the constant innovation and R&D efforts bei more

The global smart lighting market was $xx billion in 2019 and is expected to reach $ 80.9 billion by 2030, growing at an estimated CAGR of 13.6% during the forecast period. Smart lighting is the lighting solution, which is controlled by the apps that are run on mobile phones or on laptops or on personal computers. With the help of these apps, the lighting lamp can automatically switch on or switch off according to the preset time or automatically, according to the time of the day. more

The global colocation datacenter market was $XX billion in 2019 and is expected to reach $170.6 billion by 2030, growing at an estimated CAGR of 13.6% during the forecast period. A colocation data center or the multi-tenant data centers are generally, operated by third parties. A collocation data center service provider provides, mainly, infrastructure, cooling, bandwidth, whereas, the client provides storage and servers. The data center facility is either leased by the room or cabinets. The gro more

Advanced therapy medicinal products, such as cell and gene therapies, have revolutionized healthcare practices. The introduction of such treatment options has led to a paradigm shift in drug development, production and consumption. Moreover, such therapies have actually enabled healthcare providers to treat several difficult-to-treat clinical conditions. In the past two decades, more than 30 such therapy products have been approved; recent approvals include Zolgensma® (2019), RECELL® Sys more

The global automotive lithium-ion battery market was $17.4 billion in 2019 and is expected to reach $95.3 billion by 2030, growing at an estimated CAGR of 17.1 % during the forecast period. Lithium-ion batteries are advanced rechargeable batteries that are used in portable consumer electronic products and in electric vehicles, such as e-bikes, e-rickshaws, and e-cars. In the last few years, lithium-ion batteries have been able to effectively penetrate into the automotive market due to its long l more

The process of developing novel and effective healthcare products is both cost and time intensive. Studies suggest that each prescription drug requires around 10 years and over USD 2.5 billion in working capital before it reaches the market. Further, it is estimated that, in the US, 40% of the pharma industry’s R&D budget is spent solely on conducting clinical trials.  In addition to excessive capital requirement, clinical research is fraught with various other challenges, such as more

The success of the Human Genome Project resulted in the generation of large volumes of genomic data, which is extensively used in biotechnology and medical research. Further, advancements in high throughput gene sequencing technologies have enabled scientists to expedite the genome sequencing process, and achieve significant cost benefits as well. In fact, it is estimated that, by 2025, around 15% of the world’s population will have had their genomes sequenced, resulting in the generation more

Batteries are considered amongst the most remarkable man-made inventions in history and have been the focus of intense investigation by both scientists and engineers across the globe. Evolving from the primitive Voltaic Pile (the first electrical battery created in 1799), which used zinc and copper electrodes and brine-soaked paper as an electrolyte, a wide range of batteries are now available in the market. Amongst these, lithium-ion (Li-ion) batteries have long been considered a breakthrough i more

With growing electricity consumption, the peak electricity demand is expected to increase manifold by 2050. It is believed that, owing to their intelligence features, smart grids have the potential to reduce the projected peak demand increases by up to 24% across some of the major regions of the world. This is because sensors in smart grids can detect peak load in advance and divert surplus supply from low demand areas to meet the peak requirements in a particular region.Moreover, with countries more

The digital revolution has transformed the way businesses operate across the globe. However, digitally stored information is prone to hacking and manipulation by cyber criminals. The concern is validated by the fact that more than 5.1 million records are compromised due to data breaches every day. In 2016, close to 1,800 incidents of data breaches were reported across all the industries; in total, almost 1.4 billion data records were lost or stolen. The year 2017 also witnessed several cyberatta more

The renewable energy industry has witnessed an unprecedented growth in the last few years, owing to the increasing energy demand and concerted efforts to prevent environmental damage. Factors, such as increasing population, advances in technology, rapid industrialization in emerging markets (such as China and India), rising standard of living, and globalization are driving the global demand. In fact, the global economy is predicted to grow three folds between now and 2050; this is anticipated to more

It is predicted that the global economy will increase by three-folds between now and 2050. This, in turn, is likely to result in increased energy demands.According to Enerdata Energy Statistical Yearbook 2016, electricity demand has more than doubled between 1990 and 2015 to reach 20,568 TWh. This demand is projected to grow even further; in fact, by 2035, the growth is expected to be in the range of 69% to 81%. As the global economy aims for energy security, renewable energy sources such as sol more

Deep learning is a novel machine learning technique that can be used to generate relevant insights from large volumes of data. The term Deep Learning was coined in 2006 by Geoffrey Hinton to refer to algorithms that enable computers to analyze objects and text in videos and images. Fundamentally, deep learning algorithms are designed to analyze and use large volumes of data to improve the capabilities of machines. Companies, such as Google, Amazon, Facebook, LinkedIn, IBM and Netflix, are alread more

Owing to the indispensable need of every individual to remain healthy, the healthcare sector has been a key element in the overall growth of society and economy. With the ever increasing global population that currently stands at 7.4 billion, healthcare management is a primary challenge as more and more people become aware about fitness and health. In order to address this challenge, the industry is obligated to revise, restructure and improve its services and methodologies. The trend has recent more

The problem of counterfeit products has been a common challenge to all the industries across the globe. However, when it comes to the pharmaceutical industry, the issue primarily revolves around the health of patients rather than revenue losses in the industry. Counterfeit drugs create substantial public health hazards and cause crucial safety concerns. Falsified or substandard drugs can lead to adverse reactions / side effects and consequently lead to the death of a patient. The major challe more

The 3D printing industry has come a long way over the last many years; the technology has the potential of revolutionising the way things occur currently. Many industries have already benefitted from multiple advancements in this field, resulting in improved and more efficient processes worldwide. A quick look at suggests that 3D printing has multi-faceted dimensions; the technology has recently been used in varied industries such as automotive, medical, business, indus more
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