Archive | Research RSS for this section

Digital Wallet Transactions will Reach $9 Trillion in 2024

Digital Wallet Transactions will Reach $9 Trillion in 2024

For the savvy digital wallet provider, the fintech revolution in online payments and person-to-person remittance has enabled several new players to achieve a growing presence across the global financial services and retail ecosystems.

via Digital Lifescapes

AI Market Revenue will Reach $190.61 Billion by 2025

AI Market Revenue will Reach $190.61 Billion by 2025

The artificial intelligence (AI) market was valued at $21.5 billion in 2018 and will reach 190.6 billion by 2025 — that’s a CAGR of 36.6 percent. Major drivers are big data, cloud-based applications, and demand for intelligent virtual assistants.

via Markets & Markets

Cloud IaaS Revenue will Reach $150.7 Billion in 2023

Cloud IaaS Revenue will Reach $150.7 Billion in 2023

Enterprises are using cloud services for strategic benefits such as supporting digital transformation efforts rather than for tactical ones, like reducing IT infrastructure costs and the hardware or software maintenance burden.

via Digital Lifescapes

AI for Predictive Maintenance Gains Momentum

AI for Predictive Maintenance Gains Momentum

Predictive Maintenance solutions market has reached $3.3B in 2018 and is forecast to grow at 39% to $23.5B by 2024. It is estimated that in 2024, adopters of Predictive Maintenance will save $188B in costs on top of other benefits such as improved regulatory compliance and enhanced safety.

via IoT Analytics

Connected IoT Devices Will Generate 79.4ZB of Data

Connected IoT Devices Will Generate 79.4ZB of Data

Devices connected to the Internet, including machines, sensors, and cameras that are the Internet of Things (IoT), continues to grow. IDC forecasts there will be 41.6 billion connected IoT devices generating 79.4 zettabytes (ZB) of data in 2025.

via IDC

Factory Simulation Software Revenue will Reach $4.1 Billion

Factory Simulation Software Revenue will Reach $4.1 Billion

The market for factory simulation software products will grow at a compound annual growth rate of 11 percent to reach $4.1 billion for over 172,000 users in 2030, according to the latest worldwide market study by ABI Research.

via Digital Lifescapes

Digital Reinvention in a Global Networked Economy

Digital Reinvention in a Global Networked Economy

“Mainstream economics has largely failed to keep up with the rapid pace of digital transformation, and it is struggling to find practical ways to address the growing power of dominant tech companies. If the discipline wants to remain relevant, then it must rethink some of its basic assumptions.”

via World Economic Forum