(MENAFN- America News Hour) The
total % of ICT Goods Exports around the Globe Increased from 11.20% in 2016 to
11.51% in 2017 - UNCTAD
CRIFAX added a new market
research report on ''Global Soil Moisture Sensor Market, 2020-2028'' to its database of market research collaterals consisting of
overall market scenario with prevalent and future growth prospects, among other
growth strategies used by key players to stay ahead of the game. Additionally,
recent trends, mergers and acquisitions, region-wise growth analysis along with
challenges that are affecting the growth of the market are also stated in the
report.
Be it artificial intelligence
(AI), internet of things (IoT) or digital reality, the increased rate of
technological advancements around the world is directly proportional to the
growth of global Soil Moisture Sensor Market. In the next two years, more than
20 billion devices are predicted to be connected to internet. With hundreds of
devices getting connected to internet every second, the worldwide digital
transformation in various industries is estimated to provide value-producing
prospects in the global Soil Moisture Sensor Market, which is further
anticipated to significantly boost the market revenue throughout the forecast period, i.e., 2020-2028.
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From last two decades, the investments by ICT
industry has contributed extensively in strengthening the developed, developing
and emerging countries'' economic growth. According to the statistics provided
by United Nations Conference on Trade and Development (UNCTAD), the total
export (%) of ICT goods such as computers, peripheral, communication and
electronic equipment among other IT goods around the world grew from 10.62% in
2011 to 11.51% in 2017. The highest was recorded in Hong Kong, with 51.7% in
2017, followed by Philippines, Singapore and Malaysia. Additionally, growth in
global economy coupled with various initiatives proposed by governments of
different nations to meet their policy objectives is estimated to hone the
growth of the Global Soil
Moisture Sensor Market in upcoming years.Not only the ever growing IT sector brings with it numerous advancements, it also creates fair amount of challenges when it comes to security concerns pertaining to data storage among the users. With increasing availability of internet access leading to rising number of internet users, there is vast amount of user information that is being stored online through cloud services. This has driven many nations to compile laws (such as European Union''s GDPR and U.S.''s CLOUD Act) in an attempt to protect their citizens'' data. In addition to that, the growth of the global Soil Moisture Sensor Market might also be obstructed by lack of skilled professionals. To overcome this obstacle, companies should focus on providing skills and required training to their workforce, in order to keep up in this digital era.
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Furthermore, to provide better
understanding of internal and external marketing factors, the multi-dimensional
analytical tools such as SWOT and PESTEL analysis have been implemented in the global Soil Moisture Sensor
Market report. Moreover, the report consists of market segmentation,
CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter''s
five force model, absolute $ opportunity and anticipated cost structure of the
market.
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Sam Rick
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