In the near future, manufacturing companies will work together in hyper-connected value networks in which data-and-analytics applications drive productivity, new customer experiences, and societal and environmental impact.
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In a new report on the leading companies in emerging markets, BCG identifies 100 tech challengers that have grown into powerful forces in technology and other industries. Their impact is being felt in their home markets, regionally, and internationally - with many showing increases in both number of customers and frequency of usage.
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“Car drivers can currently make in-vehicle payments by using applications such as Alexa, Xevo Market or the Banma platform to purchase fuel, food, or pay for parking,” said Mike Ramsey, research vice president at Gartner. “The types of services available will continue to increase as automakers, merchant brands and services, and software suppliers’ partnerships proliferate.”
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Increased use of data protection as a service and economic constraints caused by the pandemic have affected the EMEA purpose-built backup appliance (PBBA) market, which declined 4.5% in value year on year to $310.9 million in the third quarter of 2020.
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The holistic web protection market addresses organizations’ demand for consolidated, single-pane-of-glass solutions, which reduce the security gap of legacy products and provide simplified management capabilities.
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Frost & Sullivan’s recent research finds that the global shared mobility market is expected to grow from $731.8 billion in 2020 to $1.55 trillion by 2030. Mobility-as-a-Service and autonomous mobility will lead to an uptake in technology-enabled safe transport and create key growth opportunities.
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Companies who are early adopters of digital talent platforms see a competitive advantage in shifting their workforce model to a blend of full-time and freelance employees. At the same time, millions of highly skilled professionals—who seek flexible and remote work—are using the platforms to connect with employers.
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The automotive world is speeding ahead: electric (EV) and autonomous vehicles (AV) are poised to become increasingly mainstream, posing a clear challenge to the industry’s established players.
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Frost & Sullivan’s recent analysis, Demand for Asset Efficiency Propels the Global Asset Performance Management (APM) Market, finds there is a growing need to monitor, measure, analyze, and manage the failure of assets as a part of digital transformation initiatives.
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Automation of routine work with artificial intelligence (AI), digital dexterity, and hybrid work with distributed workforce will be three key trends impacting the future of work that CIOs should focus on, according to Gartner, Inc.
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As the number of workloads operating in the cloud grows, organizations are recognizing that, in a multicloud world, they must adopt the correct strategy for digital transformation. Demand for resiliency has seen the growth of hybrid cloud.
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Most digital transformations fail, but making sure that six critical success factors are in place can reverse the odds of success from 30% to 80%, according to a new report from Boston Consulting Group (BCG), Flipping the Odds of Digital Transformation Success, released today.
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The uncertain post-pandemic situation will compel smart cities to focus more on developing collaborative, data-driven infrastructure to provide appropriate healthcare facilities as well as public security services. They will create significant business opportunities with a market value of $2.46 trillion by 2025.
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The technology developmental trend for pipeline therapeutic medical devices is shifting towards manufacturing portable, lightweight, and easy-to-use devices for patients, allowing for use in home settings. The integration of these devices with digital technologies aims to increase patient engagement and improve the treatment outcome.
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The COVID-19 pandemic has caused stress, anxiety, and depression - generating a significant need for solutions to manage the lack of physical access to therapy and treatment. Global investments are estimated at nearly $1.4 billion in 2020 for health-tech companies in the mental health management sector, with about 75% of it directed to the U.S. market.
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Despite the disruptive impacts of COVID-19, 47% of organizations plan to increase their investments in the Internet of Things (IoT). 35% of organizations reduced their investments in IoT while a larger number of organizations are planning to invest more in IoT implementations to reduce costs.
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Frost & Sullivan’s recent analysis maps the autonomous technology roadmap and market trends in the two leading regions: North America and the European Union. By 2030, Level 4 autonomous trucks will account for transportation of ~6.4% of general freights by ton-miles in the United States, leading to savings of $4.75 billion in annual freight costs.
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By its very nature, technology requires industry players to innovate in order to survive. In fact, technology companies are 12 percent more likely to be disrupted than companies in retail and 25 percent more likely than those in financial services, two other industries that have historically gone through regular disruptions.
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According to Frost & Sullivan’s recent analysis, aftermarket revenue expanded by 4.1% in 2019. This was largely driven by a 3.2% growth in vehicles in operation, with the contraction in global gross domestic product (GDP) growth stifling consumer expenditure on new vehicle purchases.
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Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Commercial Vehicle Industry, shows that digital and connectivity services will significantly influence market recovery post-COVID-19 as telematics services, automated digital freight brokerage solutions, and digital retailing are expected to thrive.
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