Author: Connected World
Guidehouse Insights says the global market for smart city technology is estimated to grow by more than $300 billion by 2032.
Juniper Research says mobile money transactions to exceed $2 trillion in emerging markets for the first time by 2027.
IDC says resiliency and growth expected in European IT and business services spending through 2027.
Smart automotive manufacturing is revolutionizing the way today’s vehicles are designed and produced, which is paving the way for more connected, sustainable, and “smart” transportation solutions. Thanks to advancements in AI (artificial intelligence), robotics, and data analytics, among other cutting-edge IoT (Internet of Things)-related technologies, automotive manufacturing relies more than ever on realtime monitoring and predictive maintenance, while benefitting from enhanced safety measures. Industrial automation solutions are also streamlining production processes, optimizing efficiencies, and opening the door for improved quality control. The automotive manufacturing equipment market is set to grow from $6.7 billion in 2023 to $11.4 billion in 2028,…
Gartner says three-quarters of digital workers want to participate in creating their hybrid work model.
Innovation and sustainability continue to come to food, as wellness and personalization ramp up in this area of the market. Textured vegetable proteins, recombinant steviol glycosides, and generative AI (artificial intelligence) are all set to change this industry. New research from GlobalData suggests both textured vegetable proteins and recombinant steviol glycosides have escalated, but the real game changer is generative AI, which can help with recipe creation, food safety check, and personalized food delivery, just to name a few. GlobalData’s Patent Analytics database highlights 4.5 times growth in generative AI patent filings in the last three years led by the…
GlobalData PLC says the spending on AI by medical device companies is set to witness a growth rate of 20.6% between 2019 and 2024.
Guidehouse Insights says the global market for solar panel recycling is estimated to reach nearly $3 billion by 2032.
Juniper Research says digital payment cards issued will exceed 1.3 billion globally by 2027.
New research from Vantage Market Research suggests the global voice assistant market will reach $22.2 billion by 2030, which is up from $2.9 billion in 2022. The firm predicts smart speakers will make up more than 35% of total sales within the voice-assistant market by 2030. While advanced features and developments in AI (artificial intelligence) and NLP (natural language processing) are boosting the demand for smart speakers, consumers are concerned about the privacy of their data. A Microsoft study once reported 41% of voice-assistant users have concerns about trust, privacy, and passive listening. Similarly, PWC has reported a lack of…