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billion in 2020 to 200 billion in 2030, says Frost & Sullivan. March 4, 2021 – Frost & Sullivan’s recent analysis, Future of Connected Living , reveals that the device-to-person ratio will exceed 20 to 1 by 2030 as the world enters the era of hyperconnectivity and catapults organizations’ digital transformation. .
By 2030, projections suggest that over 25 million Chinese electric cars will be sold annually, marking a monumental growth trajectory. These companies are reshaping the market with direct-to-consumer omnichannel retail approaches and a focus on localized charging infrastructure development.
As companies across consumer segments jump on this trend to expand their reach, the metaverse will become a nearly $750 billion market opportunity by 2030. Expand the services model beyond traditional capabilities and provide clients with unique revenue models in the metaverse as services will play a crucial role in the metaverse ecosystem.
To help you navigate this evolving ecosystem and capitalize on these opportunities, Frost & Sullivans growth experts have identified 10 strategic imperatives for success in 2025. Immense growth potential. Explore them below. Are you ready to leverage top automotive trends for 2025 to secure your competitive edge?
The COVID-19 pandemic has accelerated their use in healthcare, manufacturing, education, retail, and banking to simplify interactivity and improve engagement. Beyond 2030, AR and VR will merge, allowing users access to the total reality-virtuality continuum. The global augmented/virtual reality (AR/VR) market is expected to reach $661.40
MSPs are at the forefront of the continuously evolving IoT ecosystem, seizing the opportunity to expand their service portfolios and meet the growing demand for managed IoT solutions. The number of connected devices is expected to reach 29+ billion by 2030. One significant challenge is the complexity of IoT ecosystem integration.
billion by 2030. As EV sales, residential storage, and distributed generation continue to rise, more utilities and energy retailers are launching new services to capture the full value of DERs in terms of load management, customer preference, and new revenue streams. Swagath Manohar, Senior Analyst, Power & Energy.
billion in 2030. Major shared mobility players like Grab and Gojek have leveraged their super apps, massive existing customer base, well-known brand, and user dependence to rapidly achieve value chain integration of restaurant/catering merchants and consumers while creating a seamless ecosystem. over 2021-2030.
This massive sector is supported by an intricate and evolving partner ecosystem of various organizations, including exploration and production (E&P) companies, service providers, technology partners, regulators, and logistics firms. From the outset, the oil and gas ecosystem was inherently collaborative.
From logistics and fleet management to electric vehicles (EVs) and autonomous vehicles, from manufacturing and retail to supply chain and in-vehicle features, from predictive navigation and personalized voice assistants to real-time traffic updates, ChatGPT is poised to transform the automotive ecosystem.
The global push towards decarbonizing transport, efforts at realizing affordable production, and a fast-evolving ecosystem are poised to open up exciting growth opportunities for hydrogen powered, fuel cell electric vehicles (FCEVs) in the passenger vehicles segment. of global passenger sales by 2030.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
By 2030, the electronic content in vehicles is expected to increase two-fold, highlighting the urgent need for the automotive industry to adopt circular economy practices driven by the principles of Reduce, Reuse, Recycle, and Remanufacture. Remanufacturing is crucial in reducing the industry’s carbon footprint.
From his significant contributions to Saudi's Vision 2030 to leading strategic initiatives across the Middle East, Zen's work in digital transformation, risk advisory, and portfolio growth showcases his capacity to drive substantial results.
By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus. Rising raw material prices have provided further demand impetus.
1] A Future-Ready Automotive Ecosystem Automechanika 2024 emphasized the future of mobility with hands-on experiences and forward-looking solutions. Additionally, more than 10% of vehicles sold by 2030 will have alternative powertrains.
1] A Future-Ready Automotive Ecosystem Automechanika 2024 emphasized the future of mobility with hands-on experiences and forward-looking solutions. Additionally, more than 10% of vehicles sold by 2030 will have alternative powertrains.
By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus. Rising raw material prices have provided further demand impetus.
Frost & Sullivan’s research highlights that the MaaS market in Europe and North America is set to be close to $20 billion by 2030. This will be challenging in a complex, sprawling ecosystem with multiple participants.
Advances in precision agriculture, electrification, automation/robotics, and autonomous tractors, paralleled by new business models such as digital advisory, online marketplaces, P2P renting and leasing are set to shake up the global agricultural tractor ecosystem. s acquisition of Raven and AFS Connect.
For a start, we saw off-highway equipment manufacturers establish clear roadmaps framed by sustainability agendas, as illustrated by Komatsu’s declared intent to boost the ratio of renewable energy use by 50% from 2010 to 2030. Another big trend was the emergence of digital platforms and services aimed at improving data use.
Retail sales of EVs were set to grow three times from 2021 to surge past the magic one million mark at the end of 2022. India’s nascent electric vehicle (EV) market is gradually picking up speed. While market development is being spearheaded by two-wheelers, the country’s comparatively smaller four-wheeler segment is slowly gaining traction.
Its top verticals are transportation/logistics, retail, manufacturing, healthcare, entertainment, and construction. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within your industry’s ecosystem.
A recent study by PwC (2020) estimates that blockchain technology has the potential to boost global GDP by $1.76 (USD) trillion by 2030 through five main areas. This tendency was mirrored in case studies of retail, pharmaceuticals, general logistic processes, automotive, maritime, construction, and green operations.
Take Decathlon, a global sports goods retailer that employs 94,000 employees in 1700 stores across 57 countries. These insights led Decathlon in September 2019 to launch a year-long exercise to co-create a new vision called Vision 2030 that would address the deficiencies of Vision 2026.
Recommended Reading: Impact of Work-from-home on Mobility Patterns, Scenario Analysis, 2030. However, the fact is that corporate mobility goes well beyond merely company cars and signifies much more than just an analysis of true fleet vs. retail fleet. Evolving Supplier Ecosystem. The Convenience Factor.
Strengthened domestic production is also seen as a weapon to combat soaring inflation rates in the US since it will mean lower manufacturing costs and retail prices, and more affordable products like computers, smartphones, and cars. The China Question.
To help you stay ahead, Frost & Sullivan presents an exclusive growth analysis, Seizing Market Leadership in the North American Automotive Aftermarket a transformational guide designed to uncover strategic imperatives and growth avenues across the ecosystem. Why Partner with Frost & Sullivan?
However, recent policy adjustments have slowed market growth as the government aims to build a self-sustaining electric vehicle (EV) ecosystem that can thrive without relying heavily on subsidies. from FY 2025 to FY 2030. Despite the slowdown, the long-term outlook for India’s e2W market remains buoyant.
Mobility as a Natural Extension of Digital Ecosystems Frost & Sullivan projects the MaaF market to reach $1.24 trillion by 2030, reflecting the vast potential of integrated mobility solutions. This shift reflects a growing recognition that mobility should be a natural extension of digital ecosystems rather than an isolated service.
Source And thats, in fact, a hallmark of thought leadership the ability to empower others in the consulting ecosystem. What you can learn from Valentina Pino: Valentina will provide insights into leveraging technology for business solutions, effective team leadership, and creating sustainable growth strategies in the start-up ecosystem.
Additionally, click here to explore our comprehensive Growth Analysis on Indias automotive industry , focusing on how to maximize competitive success in this expanding ecosystem. Hence, auto dealerships are exploring hybrid models , such as smaller retail outlets with single-car displays, to expand reach while reducing costs.
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