LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global terahertz power meters market to grow at a CAGR of almost 27% during the period 2018-2022, according to their latest report.
This market research report segments the global terahertz power meters market into the following applications (commercial and government) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the rapid data explosion in networks as a key factor contributing to the growth of the global terahertz power meters market:
Rapid data explosion in networks
Terahertz technology is used to increase the data speed and allow the quick transfer of information. The enterprise data is generated from various sources such as web applications, social networks, cloud computing, and mobile computing. The growing adoption of cloud computing and cloud-based applications has led to an increase in the volume of digital content that is being transmitted across the networks.
Huge data blocks require quick and high-performance computing and a large storage space. Complex computations that must be performed on large data blocks and the dynamic storage and retrieval of the data from the storage space are increasing the demand for in-memory computing. Thus, big data must be accessible to end-users, and efficient computing must be performed to derive desired conclusions.
According to a senior analyst at Technavio for semiconductor equipment, “Organizations require big data analytics and solutions to track the high volume of big data that is generated and to use it efficiently. It is not feasible to manually analyze such high volumes of data. Therefore, big data analytics allows enterprises to optimize their business decisions and innovate new business models, products, and services.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global terahertz power meters market segmentation
Of the two major applications, the commercial segment held the largest market share in 2017, accounting for more than 57% of the market. This segment will continue to dominate the market during the forecast period.
The Americas was the leading region for the global terahertz power meters market in 2017. It was followed by EMEA and APAC. The market share of the Americas is expected to decrease during the forecast period. However, APAC is anticipated to witness tremendous growth during this period.
|
Technavio’s best deals of the month!
Mark the beginning of spring with Technavio. Get 30% discount on all energy reports. Offer valid from 12th March for a limited period.
OR
Get 20% off on all media and entertainment services reports. Offer valid only till the 31st of March. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
