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The adoption of private access management (PAM) will maintain a steady growth momentum in the next 5 years, mainly because of several factors, including the evolving cybersecurity landscape, the noticeable increase in cyber insurance requirements, stringent regulations and best practices frameworks, the expanded attack surface from cloud-based adop...

23 Aug 2022  |  Global  |  Market Research

Growth Opportunities for Digital Twins in Manufacturing

Next generation Digital Twins Enabling Transformational Growth in Industrial Manufacturing

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Digital twins (DTs) are not a novelty. Different industry verticals have been benefiting from DTs for decades. However, technological enablers such as artificial intelligence, blockchain, and 5G are expanding the limits of DTs and opening up the concept. The next generation of plants and factories are starting to demonstrate success in complementi...

The forklift market in the industrial equipment industry has grown significantly in recent years, with a global market size of OEMs reaching $65.5 billion in 2023. Unit sales in electric models reached 1,517,165 units in 2023; Frost & Sullivan projects the figure to increase to 2,599,553 units in 2030 at an 8% compound annual growth rate (CAGR). Fa...

The global approach to sustainability and circular economies hinges on increased efficiency, fit-for-purpose solutions, and greater transparency with data sharing to enable meaningful actions. Digitalization will figure largely in this transition, enabling data integration for measuring, managing, verifying, and communicating actions as well as for...

The lighting industry is evolving beyond traditional illumination solutions toward intelligent automation and real-time monitoring that adapts to occupancy patterns and environmental conditions. The growing emphasis on intelligence, connectivity, sustainability, and innovative service-based models presents ample growth opportunities for businesses,...

As more businesses are migrating to the cloud and using more cloud-native technologies, which adds complexity and a larger attack surface, they are recognizing the critical role of securing cloud environments and the need for cloud security posture management (CSPM) solutions to address these challenges. CSPM provides features such as misconfigurat...

Battery energy storage systems (BESS) have become the fastest-growing clean energy technology driven by the growth of intermittent renewables and the need for grid flexibility. Homeowners are turning to batteries to maximize solar energy consumption, manage energy demand more efficiently, control costs, and reduce carbon footprint. Residential batt...

This study focuses on research and technology developments, industry moves, and policy regulation in the R&D outsourcing domain in Asia. We start off with a look at modes of shipping R&D to Asia; the approaches companies take; and how governments across the world are waking up to this phenomenon.

After a deep contraction in 2020, the global economy staged a strong recovery in 2021, aided by robust fiscal stimulus measures, a dovish monetary policy, and a nearly 50% full vaccination rate. While recovery is set to continue into 2022, geopolitical tensions, high inflationary pressures, supply-chain disruptions, and a projected tightening of gl...