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With its vast assortment of sensors and streams of data that yield digital insights in situ in almost any situation, the IoT / IIoT market has a projected market valuation of $1.5 trillion by 2030. trillion by 2030.”. Now things are the Internet.”.
Saudi Arabia’s rapid stride towards digitaltransformation is propelled by a concerted effort between the government and private sectors. With Vision 2030 as its guiding light, the Kingdom is embarking on ambitious projects, steering its course towards a tech-driven future.
Cloud-connected cars are now commonplace in the mainstream connected car market that is forecast to surpass $166 billion by 2025. Meanwhile, the digital twin market is set to grow at a 50% compound annual growth rate, reaching $184.5 billion by 2030.
The World Bank has been coordinating a “ Digital Economy Initiative for Africa ” which aims to ensure that every individual, business, and government in Africa is digitally enabled by 2030. Africa’s digital economy and tech ecosystem is experiencing exponential growth. Critical Infrastructure, DigitalTransformation
Specifically, when properly secured, 5G capabilities such as ultra-high speeds, high availability, massive network capacity, and ultra-low latency will support breakthroughs in digitaltransformation for new use cases such as private networks, network slice, and multi-access edge computing (MEC). 5G is designed to go places.
It will not only reshape people’s lives, but also transform industries and even reimagine how societies operate globally. According to a joint forecast by the Office of the National Digital Economy and Society Commission (ONDE), TIME Consulting, and Huawei, the 5G-empowered economy will reach THB2.3
The digital economy has become a key force for economic growth and social development. Ongoing innovation in digital technologies is now essential to support its expansion. Now, such innovations are extended to sensors, to further support digitaltransformation. The Industry’s First Deterministic IP Network Solution.
The first AI use cases are implemented in the moment to retrieve further insights from the accumulated data, including clustering based on water usage patterns, forecasting water consumption, and implementing predictive maintenance strategies. million digital water meters will be rolled out by 2030 and maintained by the Smart Water Platform.
Forecasts have suggested that market dynamics are changing and that the private equity is poised to expand at an annualized growth rate of 12.8% They expect that by 2030, this number will jump to one in every four firms. to double in AUM from $5.8T Thats still a stretch for many firms.
trillion to the global economy in 2030, more than the current output of China and India combined.” The retail industry is digitallytransforming, embracing AI at its core to enable key capabilities across five primary areas: Personalized shopping experiences : AI delivers hyper-localized insights and real-time recommendations.
through 2030. By analyzing asset data, companies can identify inefficiencies, uncover cost-saving opportunities and make more accurate budget forecasts. As of 2022, the EAM market was valued at nearly $6 billion , with a compound annual growth rate of 16.9% equipment, machinery and infrastructure).
Africas IT landscape is experiencing accelerated digitaltransformation due to a young, tech-savvy population, aboost in thegross domestic product (GDP), and anincrease in demand for low-latency connectivity. Take the regional economic community of 16 countries known as the Southern African Development Community (SADC), for example.
Which industries in the Middle East are most likely to see significant digitaltransformation and technology investments in the next few years? Several industries in the Middle East are poised for significant digitaltransformation and technology investments over the next few years.
The 2023 Global Leadership Forecast from global leadership development and human resources consulting firm DDI found that only 28% of IT leadership roles were filled by women.) Similarly, she says the low percentage of women in the upper ranks is a factor, as some women consider it a signal that there is no path to senior leadership.
And thats not even counting the 32bn IoT devices forecast to be connected by 2030. In addition, todays business ecosystems are hyperconnected, with always-on, real-time interactions between multiple audiences of employees, partners, suppliers and customers.
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