Analyst report stories - Page 47

Over recent years, there has been a significant and noticeable rise in the use of chatbots across a wide variety of industries.

According to the IDC, demand for improved resiliency and automation will drive the European software market growth until 2027.

The market for AI in healthcare is likely to thrive as a result of the need to reduce rising healthcare costs and the growing shortage of care providers.

IoT enterprise spending reached $201 billion in 2022, lower than predicted, but AI is expected to play a bigger role, says IoT Analytics.

The study, polling 160 senior decision-makers within manufacturing companies, identifies the areas in which manufacturers can maximise growth.

In spite of challenges including fragile post-pandemic supply chains, Asia Pacific tech spend will continue to grow by 6.8% to 7.3% per year from 2024 to 2027.

The flexible model removes the need for upfront investment in data security infrastructure and auto-scales to support capacity changes.

42Crunch, the API Security platform, has unveiled new testing and threat protection capabilities to improve API security without hindering developer workflow.

AVEVA has been recognized as a Leader in the IDC MarketScape for Process Manufacturing Execution System 2023 Vendor Assessment.

According to IDC, AR/VR headset shipments will slow in Q1 2023 as the market awaits wide availability of next-generation headsets.

FMI says increasing accessibility of VR and AR devices for unique and personalized travel experiences will drive the virtual tourism market.

The process instrumentation market is capturing a valuation of US$18.46 billion in 2023 and is predicted to reach US$37.34 billion by 2033.

ExtraHop was recognised with a customers’ choice distinction in Gartner peer insights voice of the customer for network detection and response.

The high content screening market will register positive growth, with the overall valuation forecast to reach US$1.6 billion in 2022, according to FMI.

The digital health market is expected to be worth US$224.24 billion in 2022 and is likely to grow at a CAGR of 27.7% to reach USD $2.586 trillion by 2032.

Rising demand for AI-powered customer support services, omnichannel implementation, and lower chatbot development costs is driving market growth.

Ericsson has been ranked as the leader in the Frost Radar 5G Network Infrastructure Market 2023 report for the third consecutive year.

Huawei Cloud Stack has been ranked No. 1 in China's self-built dedicated financial cloud infrastructure market for the fifth year running.

As demand tapered, retailers continued to offer aggressive promotions to reduce the growing inventory. Vendors also incentivised channel to take on more stock.

The decline was due to the decline in consumer demand, growing inflation concerns, and excess inventory levels.