MOBILITY
We’re constantly on the go. Whether it’s through ride-hailing or bike-sharing, there’s always a demand for mobility solutions.
According to GVR, the 5G enterprise market is expected to experience significant growth, with projections estimating that it will reach $125 billion by 2025, up from $105 billion in 2018.
VIRTUAL AND AUGMENTED REALITY
A fresh approach to business operations. From virtual clothing try-ons to enterprise safety training, AR and VR are at the forefront of revolutionizing the way we work in a post-pandemic world. According to Businesswire, the market for AR and VR is expected to experience significant growth, with projections estimating that it will reach $1,274.4 billion by 2030, up from $37.0 billion in 2019.
LOGISTICS
Logistics is an integral aspect of every business, present in every aspect of operations – from warehouse management to material handling equipment. According to IMARC group, the logistics market is expected to experience significant growth, with projections estimating that it will reach $6.3 trillion by 2024, up from $4.7 trillion in 2018.
CYBERSECURITY
As we embrace the next wave of technology, cybersecurity has become increasingly important in safeguarding consumer and enterprise data from potential threats. According to Grandview Research, the cybersecurity market is expected to experience significant growth, with projections estimating that it will reach $372.04 billion by 2028, up from $179.96 billion in 2021.
NEXT-GEN ARTIFICIAL INTELLIGENCE
Artificial intelligence is revolutionizing the way businesses operate. Predictive maintenance uses AI to anticipate equipment failures, preventing costly downtime. Fraud detection AI examines patterns to enhance financial security. AI-powered chatbots are also being utilized to improve customer service. According to a report by MarketsandMarkets, the global AI in business market size was valued at $2.1 billion in 2018 and is projected to reach $9.5 billion by 2024, at a CAGR of 33.2% during the forecast period.
ROBOTICS
Robots are transforming industries, automating tasks, and improving efficiency. From manufacturing to healthcare, robotics is rapidly changing the way businesses operate.
Enterprise Robotics Market (International Federation of Robotics)
2021: $16.5 billion
2026: $22.1 billion