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The Government of India (GoI) announced the Start-Up India initiative on 16 January 2016 to provide a favorable business environment for start-ups in the country and enhance the ecosystem. The initiative is aimed at promoting bank financing for start-up ventures to boost entrepreneurship and job creation, with a focus on reducing state intervention...

Digital twin is a virtual replica of an actual product, facility, asset, equipment, or plant, which are either hosted on premises or in the cloud. Companies are using digital twins to better understand the real world scenarios remotely, aiming to provide real-time assistance instead of reactive-based assistance. Digital twin technology is mostly u...

Korea is one of the world’s biggest innovators in terms of research and development, patent activity, number of high-tech companies, value-added manufacturing, and researcher density per million of population. Korea’s remarkable economic rise over the past decade can be attributed to the high amount of innovation and the rapid technology developmen...

The global economy is undergoing rapid transformation with trade and supply chain reorientation, the digital reshaping of businesses and economies, and sustainability-linked policy shifts. These transformative trends will alter the long-term global investment and economic landscape and influence the nature of economic growth cycles across countries...

As geopolitical tensions continue to disrupt critical supply chains and cloud global economic prospects, countries are increasingly working toward building robust multi-industry domestic manufacturing capabilities. While this trend is witnessed across many countries, emerging economies such as India, China, Indonesia, Vietnam, and Mexico are, parti...

The Indian tourism market is fast-growing with immense potential due to the country’s rich cultural and geographical diversity. It is one of the major sectors contributing to GDP of the country and is driven by steady economic growth. Tourism’s direct contribution to GDP is expected to grow from $98 billion in 2018 to $106.9 billion in 2019. The Tr...

The Frost & Sullivan Information, Communications & Technologies team of analysts has released the Internet of Things (IoT) platforms Frost Radar, a robust analytical tool that benchmarks companies’ innovation focus and growth performance in the IoT platforms market. The IoT is a complex ecosystem that integrates Information technology (IT) with op...

Cloud computing is predicted to be the main IT trend in the upcoming years and will have a huge impact on world economy. A wide range of organizations—from small start-ups to global corporations, and from government agencies to non-profit organizations—have begun using cloud computing applications. Besides Microsoft, the main contributor behind t...

18 Mar 2020  |  Global  |  Megatrends

The Future of Privacy and Cybersecurity, Forecast to 2030

Exploring New Frontiers and Challenges for Network Security in a Connected Era

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This study explores the rapidly-evolving landscape of privacy and cybersecurity triggered by a rise in the number of connected devices. By 2030, a complex mesh of 200 billion devices around the world will exist, with over 20 connected devices per human. Every connected device in a smart home or city will be a potential access point to our most sens...