According to the Household Income and Expenditure Survey released by the General Authority for Statistics, the average household monthly income and average monthly per capita income of Saudi Arabia was 14,823 Riyal and 7,940 Riyal, respectively, in 2018. The survey also reveals that the per capita monthly expenditure of the country was 2,857 Riyal in 2018. The rising spending power of people, owing to the soaring income, will increase the penetration of digital transaction platforms in Saudi Arabia.

Thus, the surging income of people is expected to drive the Saudi Arabian digital transaction management market (DTM) at an exceptional CAGR of 35.7% during 2020–2030. According to P&S Intelligence, the market was valued at $60.88 million in 2020, and it will generate $1,288.27 million revenue by 2030. Additionally, ongoing technological advancements and the increasing focus of enterprises on digital platforms for business operations will also propel the demand for DTM solutions in Saudi Arabia.

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According to a report by P&S Intelligence, the Asia-Pacific (APAC) anti-drone market is predicted to generate $2,105.0 million by 2025, and is projected to advance at a 47.8% CAGR during the forecast period (2018–2025). The market is being driven by the rising number of illegal and terrorist activities, surging incidence of security contravention by unauthorized drones, close encounters with commercial aircraft, and drone detection cases. On the basis of platform type, the market is divided into ground-based, unmanned aerial vehicle (UAV)-based, and hand-held.
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Since the last few years, there has been a huge decline in the average age of the workforce, in numerous industries across the world. Moreover, it is predicted that the workplaces will start getting dominated by generation Y, also known as millennials (people born between 1977 and 1995), and generation Z or centennials (people born in 1996 or later), in the coming years. These factors would significantly boost the transformation of workplaces, via the increasing adoption of advanced technologies, such as artificial intelligence (AI), in workplaces over the next few years.

The rising adoption of the bring-your-own-device (BYOD) culture is another important factor expected to push the transformation in workplaces in the coming years. The integration of smartphones and tables has increased massively in workplaces over the last few years, and this has resulted in the rise of the BYOD culture. Moreover, numerous companies are shifting their focus toward higher workplace mobility, in order to improve the efficiency and productivity in workplaces, and this is leading to the increasing adoption of personal laptops and tablets for official work in the corporate sector.

Due to the above-mentioned factors, the valuation of the global workplace transformation market is predicted to increase from $9.2 billion in 2017 to $24.1 billion by 2023, demonstrating a CAGR of 17.5% during the forecast period (2018–2023). Workplace transformation is being observed in a plethora of industries, such as banking, financial services, and insurance (BFSI), retail, manufacturing and automotive, telecom and information technology (IT), healthcare and life sciences, media and entertainment, government, and transportation and logistics. Amongst these, the BFSI industry recorded the highest rate of workplace transformation in the past, owing to rapid digitization.
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A number of factors, such as the increasing demand for voice over internet protocol (VoIP) software among small and medium enterprises (SMEs), surging focus of organizations on enhancing their productivity, and rising penetration of smartphones, are expected to drive the growth of the VoIP software market at a CAGR of 13.4% in the foreseeable period (2020–2025). At this rate, the market size will increase from $15,114.3 million in 2019 to $30,441.5 million by 2025. Moreover, the market is witnessing the shifting preference toward hosted cloud-based VoIP solutions and development of 5G technology.

One of the prime factors aiding the VoIP software market is the surging focus of organizations on enhancing their productivity. VoIP software enables businesses to allocate funds, which are else disbursed on traditional hardware and phone bills, to other important areas of the businesses. It also allows video conferencing, through which virtual meetings can be conducted; users to integrate other solutions, including e-fax and e-mail; and digital transfer of documents, which make the software an effective solution for businesses across the globe.
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power liftgate market- As per P&S Intelligence, the growing vehicle sales will be the key factor behind the growth of the power liftgate market value from around $4 billion in 2020 in the coming years. The power liftgate is a mechanism that opens and closes the backdoor hatch of vehicles, which is why its procurement directly depends on the volume of auto production. Liftgates are not a new feature in automobiles, having being around for almost as long as vehicles with backdoors. However, the traditional technology requires people to turn the key and manually lift the hatch.
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