Frost & Sullivan finds that the global automotive aftermarket will gather momentum this year as a slowdown in new vehicle sales due to the impact of COVID-19 and aging vehicle parc will create more opportunities in the aftermarket space. The market is estimated to garner $478.8 billion by 2025 from $362.21 billion in 2020.
Read MoreDespite the apparent recovery from the effects of the pandemic, about 22% of North American public companies were not financially or operationally stable at the end of Q12021. Of these companies, 20% were stressed, meaning underperforming industry peers or experiencing pressure from internal or external sources, and 2% were distressed, meaning having trouble meeting financial obligations or experiencing severe operational challenges.
Read MoreAs organizations prepare to welcome employees, customers and visitors back to travel, events, and workplaces they must strategize to not just reopen safely but return to capacity utilization that will provide an economic boost. Digital health credentials are expected to be pivotal in sustaining reopening and building trust.
Read MoreAfter a tumultuous 2020, the need for digitization and keeping workers connected became crystal clear for many. This is true in all industries, but especially for industrial markets where workflow complexity, knowledge retention and share, and the financial impact from downtime and other inefficiencies are particularly severe.
Read MorePeople are still working, learning, and playing from home, which has led to more demand for tablets than can be met right now, according to a new report by Strategy Analytics. Apple, Samsung, Lenovo, and Amazon all posted strong tablet results in Q1 2021 as COVID has reshaped how consumers spend time and where they get work done.
Read MoreA new study from Juniper Research has found that the number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020. This rapid growth of 120% demonstrates how widespread facial recognition has become.
Read MoreThe global pandemic and the shift to remote work/schooling engendered a captive audience that accelerated trends within the media and entertainment industry. Streaming video subscriptions climbed as households stacked subscriptions, driving subscription revenues to over US$69 billion in 2020.
Read MoreCustomer service and support leaders are accelerating self-service initiatives to mitigate potential negative impacts of the pandemic, according to Gartner, Inc. More than 40% of customer service and support leaders have experienced increased service contact volumes compared to original 2020 projections due to the COVID-19 pandemic.
Read MoreThe US has lost its status as the place foreigners would most like to work, with Canada now regarded as the top destination. The study shows that the pandemic has had a major impact on people’s attitudes toward work abroad, reducing their interest generally and inclining them toward countries that have done the best job of containing the coronavirus.
Read MoreAccording to research by International Data Corporation (IDC), shipments of traditional PCs (a combination of desktops, notebooks, and workstations) in EMEA will total 96.4 million in 2021. Continuing lockdowns will result in maintained demand for devices that enable work/study/play-from-home use cases throughout the first half of 2021, with the strongest growth on record in 2021Q1 (39.1% YoY).
Read MoreGlobal tech market advisory firm ABI Research examined the current Augmented Reality(AR) market and identified 12 AR solution providers in both consumer and enterprise markets that are leading in their area of expertise through novel solutions.
Read MoreAccording to the latest research from Strategy Analytics, 5G comprised less than 1% of IoT connections in 2020 but will rise to 40% of all the overall connections by 2030, as highlighted in its most recent IoT Market Forecast and Analysis report.
Read MoreOne year ago, COVID-19 was declared a global health emergency, impacting all sectors virtually overnight. With the pandemic hitting this benchmark, Forrester analysts are available for interviews to discuss how specific sectors have been impacted these past months worldwide, as well as what 2021 will look like as we keep adjusting to this “new normal.”
Read MoreWorldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services, are forecast to grow 16.4% year over year in 2021 to $327.5 billion, according to the latest release from IDC. By 2024, the market is expected to break the $500 billion mark with a five-year compound annual growth rate (CAGR) of 17.5% and total revenues reaching an impressive $554.3 billion.
Read MoreThis announcement is significant. Spotify has been historically reluctant to offer lossless streaming, which demonstrates a shift in consumer expectations. As Spotify is the leading streaming player with 155 million subscribers globally, it means that high-quality audio will finally be within reach of mainstream adoption.
Read MoreAs remote working and e-learning continues worldwide, demand for Notebook PCs was at its highest ever in Q4 2020, driving 54% year-on-year growth for notebook shipments. The Notebook PC industry picked up pace in the last quarter as consumer demand supplemented sustained work and school-from-home demand.
Read MoreUser interface (UI) technologies have moved beyond simply representing machines to users to enabling sophisticated and personalized interaction. Their use has accelerated in healthcare, manufacturing, education, retail, and banking to simplify interactivity and improve engagement. The global AR/VR market is expected to reach $661.40 billion by 2025.
Read MoreParks Associates today released a new Quantified Consumer study, COVID-19: Impact on Communications and Entertainment, which reveals that in 3Q 2020, more than 50% of US broadband households reported that their broadband usage has increased since the start of the COVID-19 crisis.
Read MoreThe proliferation of remote work and learning during the COVID-19 pandemic will drive global demand for wireless content sharing. Comprised of remote collaboration tools such as video streaming, application and other similar capabilities, these enable users to collaborate effectively from anywhere at any time and from any device.
Read MoreGlobal sales of cellular-enabled mobile PCs reached more than 10 million units for the first time in 2020 as home workers sought improved connectivity in response to the closure of office facilities during the COVID-19 pandemic.
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