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. – Nov 3, 2021– Frost & Sullivan’s recent analysis finds that the digitalization of power distribution and retail companies will continue to accelerate this decade. billion by 2030 from $12.33 Power Distribution and Retail Digital Transformation Growth Opportunities. Contact us: Start the discussion.
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.
million by 2030 , according to IndustryARC. Industries such as healthcare , financial institutions, retail, manufacturing, and technology heavily rely on data analysts to improve efficiency and drive innovation. Data management and analytics consulting help you transform raw data into valuable insights and make informed decisions.
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. The post Global Metaverse Market Will Unlock $750 Billion Opportunity by 2030 appeared first on Frost & Sullivan. For further information on this analysis, please click here.
If your NFP is seeking partnerships with corporates, and especially retailers, you need to understand the pressures they face and how you can be part of the solution. Given the surge in online shopping, corporate retailers are having to adapt fast to customers who are less loyal but more demanding and socially conscious.
Driven by the conviction that online retail of automotive parts and accessories will be a $40 billion market by the end of this decade, GM announced the launch of a new online marketplace early this January. In GM’s estimation, this will amount to $20 billion to $25 billion per year for it by the end of 2030. Our Perspective.
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. .
If your NFP is seeking partnerships with corporates, and especially FMCG retailers, you need to understand the pressures they face and how you can be part of the solution. Given the surge in online shopping, corporate retailers are having to adapt fast to customers who are less loyal but more demanding and socially conscious.
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
Net-Zero Pathways: As the world prioritizes achieving the United Nations 2030 net-zero targets , automakers are investing in hybrid powertrains, biofuels, and hydrogen fuel cells, supported by regulatory incentives and technological advancements. Their aggressive approach is challenging global players to innovate and compete effectively.
The partnership between Tesco and WWF started with a big audacious goal of halving the environmental impact of every shopping basket by 2030. Tesco is committing millions to fund technology innovation in their supply chain and is spending their time and resources on advocating to government and their fellow grocery retailers.
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 by 2030 from $125.97 Industry verticals’—especially enterprise, retail, and law enforcement—need to address security concerns and acquire business intelligence data are the main reasons behind increasing investments in surveillance solutions across regions. The global market will likely reach $279.28
This availability of information in real-time makes it possible for stakeholders, including non-aero participants such as retail and F&B, to adapt as the process is happening based on information received from other stakeholders such as Airlines, Customs & Immigration, and others, resulting in better situational awareness.
compound annual growth rate (CAGR) from 2023 to 2030. This article provides an overview of these key aspects during the 2023–2030 forecast period and is intended to help MSSPs identify where the greatest market opportunities lie. The global managed security services market, valued at $27.2 billion in 2022, is projected to grow at a 15.4%
billion in 2030. over 2021-2030. Expansion into other retail segments, broader geographic coverage, and the entry of more merchants will further optimize market potential. Frost & Sullivan believes that the market will remain buoyant and expand steadily from an estimated gross merchandise value (GMV) of $15.15
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 number of connected devices is expected to reach 29+ billion by 2030. The growth we’re witnessing is fueled by the rising implementation of IoT across various sectors such as manufacturing, healthcare, and retail. The increasing demand for managed IoT solutions is fueling the expansion of MSP service portfolios.
Net at Work's approach ensures your technology strategy is not just current but also future-proof, preparing your business for challenges through 2030 and beyond. And their two decades of experience and multiple industry accolades guarantee that you're partnering with a firm with a proven track record of successful implementations.
Strengthen its industrial portfolio through machine vision cameras being used in industrial, retail, scientific and other advanced imaging applications. Recent Frost & Sullivan findings project revenues in the global surveillance industry alone to be worth more than $54 billion by 2030, with EO/IR accounting for $1.5 259 Million.
increase in non-oil GDP, fueled by private consumption and investment in sectors such as wholesale, retail trade, construction, and transport. million jobs, and boost non-oil exports to SAR 580 billion by 2030. This growth was not solely reliant on oil production but also driven by a robust 4.8%
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.
Overall sales across 10 Caribbean and Central American automotive markets set to surpass 300,000 units by 2030, with battery electric vehicles (BEVs) doubling their share from current levels. At the same time, the shift toward digital retailing and online dealerships is transforming how consumers interact with automotive brands.
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.
Women’s shift in consumption and spending patterns with the rise in their income will create immense potential for online retail, large-format convenience stores, and doorstep services. Retailers should integrate gender intelligence to create a shopping environment that´s more appealing to female consumers. trillion in 2020.
The EU has a stated goal of producing 10 million metric tons (Mmt) and importing 10 Mmt of hydrogen, as well as building hydrogen refueling stations (HRS) at every 200 km by 2030. With an eye to reducing costs, the setting up of a robust international hydrogen supply chain by 2030 is also on the anvil.
Most recently, on October 25 th , Lucid opened its first retail studio in Riyadh in a bid to familiarize customers with its product offerings. Initiatives like the ambitious Saudi Vision 2030 and the Saudi Green Initiative are focused on economic diversification and sustainability imperatives.
Truck electrification emerges as a major trend with electric powertrains set to reach 1 million units in 2030 on the back of technological improvements and government support. million unit shipments by 2030. million units in 2022 to 1 million in 2030 on the back of technological improvements and government support.
Traditionally, the largest part of the automotive chain – spanning manufacturing, remanufacturing, distribution and retail – is imported, but a shift towards domestic production is likely to galvanise the road to self-sufficient industrialisation, said Aadil Rashid Khan, Principal Consultant in the Mobility practice of Frost & Sullivan.
Additionally, Mega Trends such as e-mobility, e-retail, and service marketplaces will further influence automotive electronics and the aftermarket.”. Electrification is expected to penetrate cars and last-mile connectivity modes like two-wheelers in India by 2030. India’s EV market is still nascent and is forecast to record a 2.4%
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.
The market has made consistent gains in the aftermath of the pandemic with Frost & Sullivan estimating a CAGR of 34.45% from 2023 to 2030. By 2030, EV infrastructure investments are expected to further boost sales in the South, potentially contributing close to 47% of national sales.
Photo courtesy: Messe Frankfurt Exhibition GmbH / Jens Liebchen | Frost & Sullivan Research Director and Head of Mobility Aftermarket and Digital Retail Research, Anuj Monga delivered an in-depth analysis of current market dynamics and the trends shaping the future of mobility at the Innovation4Mobility forum.
Photo courtesy: Messe Frankfurt Exhibition GmbH / Jens Liebchen | Frost & Sullivan Research Director and Head of Mobility Aftermarket and Digital Retail Research, Anuj Monga delivered an in-depth analysis of current market dynamics and the trends shaping the future of mobility at the Innovation4Mobility forum.
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.
An increasing need to monitor, understand and manage consumer and commuter behavior across smart cities, retail, and transport will drive growth opportunities in crowd analytics , which is expected to grow 20%-25% by 2030. Similarly, post-COVID crowd behavior patterns will also play a key role in shaping our future cities.
San Antonio, TX — January 31, 2023 — Recently, Frost & Sullivan researched the energy and utilities customer care and engagement industry and, based on its analysis, recognizes Hansen with the 2022 Global Product Leadership Award for its best-in-class products that empower energy utilities and power retailers. billion in 2030.
Transparency in pricing and convenient parts and components availability will underline the growing appeal of online retail platforms, even as OEM services centers, garages, wholesale, and retail parts/services providers strategically strengthen their online presence.
Frost & Sullivan’s research highlights that the MaaS market in Europe and North America is set to be close to $20 billion by 2030. Europe in the Vanguard of MaaS Deployment At present, public transport authorities and cities in Europe have been in the vanguard of transitioning MaaS pilots into full-scale deployments.
The concept of retail is also undergoing change; OEM sales platforms are diversifying away from traditional brick and mortar stores to embrace direct-to-customer channels via online marketplaces.
Frost & Sullivan finds that the digital identity management market is expected to register strong growth over the next decade and has the potential to unlock investments worth $80 billion globally by 2030. Retailers are adopting direct-to-consumer models that displace the need for physical stores.
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