In the modern manufacturing industry, data is considered a strategic asset, and market leaders are evolving their processes and business models to harness its benefits. Savvy manufacturers turn to artificial intelligence (AI), machine learning (ML), collaborative robots (cobots), and advanced metrology to improve production efficiency and product quality.
Read MoreFrost & Sullivan’s recent analysis finds that the global industrial robotics market will reach revenues of $38.3 billion in 2024 from $22.2 billion in 2020 at a CAGR of 12.2%. Although the industry was curtailed by the COVID-19 pandemic and uncertainty in the automotive business, rising demand from other high-growth sectors is expected to propel it over the next five years.
Read MoreFrost & Sullivan’s recent analysis of the global digital pathology market finds that it’s estimated to hit $825.9 million by 2025. Increasing pathology test volumes due to disease prevalence, digital pathology’s importance to the pharmaceutical industry, and regulatory approvals for using digital pathology in the primary diagnosis will boost the market.
Read MoreFrost & Sullivan’s recent analysis finds that the emergence of new technologies such as artificial intelligence (AI) and the cloud, evolving clinical and administrative/operational needs, and the introduction of new policies and regulations will boost the global medical imaging informatics market.
Read MoreContinual high volumes of data creation have led to increased data center investments, boosting the need for power and cooling solutions that are environmentally friendly, highly efficient, and reduce the overall cost of ownership. The total investment in DCIS is expected to reach $26.15 billion by 2025 from $16.73 billion in 2019, up at a compound annual growth rate (CAGR) of 7.7%.
Read MoreThrough 2023, demand for robotic goods-to-person (G2P) systems will quadruple to help enforce social distancing in warehouses, according to Gartner, Inc. With G2P systems, the robots deliver the goods to a person who remains in one place. G2P systems are an easy and economical way to not only enforce social distancing, but also improve productivity.
Read MoreFrost & Sullivan’s recent analysis forecasts that global healthcare revenues in 2025 will exceed $2.6 trillion, up from $2 trillion in 2020. Catalyzed by the COVID-19 pandemic, the industry has adopted radical new advancements in artificial intelligence (AI) and telehealth, along with new business models to support the rapid transformation. It is primed to witness a revolution in healthcare delivery over the next decade.
Read MoreAccording to research by International Data Corporation (IDC), shipments of traditional PCs (a combination of desktops, notebooks, and workstations) in EMEA will total 96.4 million in 2021. Continuing lockdowns will result in maintained demand for devices that enable work/study/play-from-home use cases throughout the first half of 2021, with the strongest growth on record in 2021Q1 (39.1% YoY).
Read MoreWorldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, are forecast to grow 16.4% year over year in 2021 to $327.5 billion, according to the latest release from IDC. By 2024, the market is expected to break the $500 billion mark with a five-year compound annual growth rate (CAGR) of 17.5% and total revenues reaching an impressive $554.3 billion.
Read MoreThis announcement is significant. Spotify has been historically reluctant to offer lossless streaming, which demonstrates a shift in consumer expectations. As Spotify is the leading streaming player with 155 million subscribers globally, it means that high-quality audio will finally be within reach of mainstream adoption.
Read MoreThe outbreak of COVID-19 and the shortage of intensivists exposed the dire need for virtual critical care solutions that can cater to large patient populations remotely. The virtual critical care solutions market is estimated to generate revenue of $1.5 billion by 2025 from $818 million in 2020.
Read MoreUser interface (UI) technologies have moved beyond simply representing machines to users to enabling sophisticated and personalized interaction. Their use has accelerated in healthcare, manufacturing, education, retail, and banking to simplify interactivity and improve engagement. The global AR/VR market is expected to reach $661.40 billion by 2025.
Read MoreThe proliferation of remote work and learning during the COVID-19 pandemic will drive global demand for wireless content sharing. Comprised of remote collaboration tools such as video streaming, application and other similar capabilities, these enable users to collaborate effectively from anywhere at any time and from any device.
Read MoreThe pandemic-fueled digitization of global marketing and sales and an increasing number of marketing channels targeting niche audiences will contribute to the growth of the marketing automation sector over the next five years. The market is forecast to increase from $2.9 billion in 2020 to $6.6 billion in 2026.
Read MoreGaming continues to capture consumer attention globally, achieving revenues up to $200 billion across software, hardware and accessories in 2019, and accelerating the prospects for music in gaming. Of the $200 billion generated, software commands the lion’s share, accounting for more than $140 billion in spend.
Read MoreThe most topical theme within gaming is the launch of next generation consoles by Sony and Microsoft in Q4 2020. Both vendors have seen significant, excess demand for their hardware, selling out of available stock just minutes after launch, highlighting the intensity of consumer interest in gaming as an outlet for both entertainment and socialisation during the COVID-19 pandemic.
Read More5G networks could create 4.5 million jobs in the US and add $1.5 trillion to the GDP, according to a new report from Boston Consulting Group (BCG), commissioned by CTIA. BCG’s analysis shows that 5G will contribute to employment growth by enabling innovation that will transform all sectors of America’s economy across cities and communities of all sizes.
Read MoreNew research by the World Economic Forum and BCG shows that it’s possible to decarbonize major global supply chains with readily available technologies at low end-to-end costs. The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, and states doubling in the past year.
Read MoreWorldwide end-user spending on wearable devices will total $81.5 billion in 2021, an 18.1% increase from $69 billion in 2020, according to the latest forecast from Gartner, Inc. The rise in remote work and increased interest in health monitoring during the COVID-19 pandemic was a significant factor driving market growth.
Read MoreThe overall artificial intelligence software market will grow to $37 billion by 2025, but will fall below current investor projections of $150 to $200 billion for the same time period. Within the AI software market, AI application growth will be constrained by technology vendors embedding AI functionality into existing software products more frequently.
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