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The payment security market size across the globe was valued USD 15.79 billion in the year 2017. It is anticipated to witness CAGR of 12.3% during the forecasted period, 2018 to 2025. This can be attributed to the rising retail and e-commerce industry which is creating demand for online payments
The laser cutting machine market size across the globe was valued USD 3.02 billion in the year 2015. This can be associated with the rising automation technologies across the manufacturing sector coupled with the surging demand for such machines across the end-use industry. Rapid globalization coupled with rising consumer demand at the micron level is projected to create demand for such machines in the upcoming years.
The global 5G system integration market size was accounted for USD 7.66 billion in 2019. It is predicted to register a CAGR of 23.8% over the forecast duration, 2020 to 2027. 5G system integration is the development of combining both physical and virtual components of enterprise with brand new systems to work over the latest 5G connectivity. The increasing demand for high-speed connectivity has allowed enterprises to implement enhanced network to improve overall efficiency and lowering overall costs.
The global industrial and commercial LED lighting market size was worth USD 21.53 billion in the year 2014. It is predicted to observe substantial growth by 2022. Reliability, durability, and efficiency are anticipated to accelerate the demand for LED over traditional technologies.
The chatbot market size across the globe was valued USD 190.8 million in the year 2016. It is projected to witness growth with 24.3% CAGR from 2017 to 2025. This can be associated with the rapid adoption of activities related to customer services across several organizations for reducing operational costs. It is being developed as an interactive application that combines artificial intelligence technology or a set of rules.
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