Fortifying the Future: Safeguarding OT Security Assets in a Connected World; Frost & Sullivan Reports
OT security is no longer an afterthought but a focal point of a company’s digital transformation thanks to Industry 4.0 and increasing digitization. State-sponsored actors and cybercriminals can exploit security gaps in key infrastructure to cause serious harm and supply chain issues. OT systems become significantly more vulnerable to cyber threats as they integrate with IT infrastructure, with 90% of firms experiencing at least one OT system intrusion incident in the previous calendar year. These worries are worsened by the expansion of zero-day threat vectors in this field and the inadequate security features built into the Internet of Things (IoT) and OT equipment.
In the Quest for Flexible, Efficient, and Sustainable Transport, Cities Turn to Technology-Driven Shared Mobility Modes — Frost & Sullivan
Ride-hailing behemoth Didi Global recently announced it was partnering with Chinese new energy vehicle manufacturers to develop robotaxis to deploy by 2025. The move away from personal transport, paralleled by the intensifying thrust on integrated, multimodal, and sustainable transport networks, is providing a fillip to the shared mobility market. Such seismic shifts are underpinned by evolving customer expectations and a raft of enabling technologies, with total GMV from the shared mobility market set to exceed $1 trillion in 2023.
Time to Level up 5G and Core? New Insights from Frost & Sullivan
The telecom industry has witnessed rapid 5G deployments globally. Digitally-enabled services such as 5G cameras, AR-assisted maintenance, remote control, and robotic patrolling are now being widely used in verticals such as mining, healthcare, transport, and manufacturing. But despite the rapid deployment and adoption of 5G, there is still room for considerable improvement to unleash the true potential of this technology. With 6G technology likely to be commercially deployed only by 2030, the existing 5G technology might soon need to level up.
Financial Services Organizations Adopt Cloud-Oriented Risk and Security Management Strategies — Frost & Sullivan
Organizations have been migrating to the cloud to help them achieve business goals of growing revenue, improving customer experience, and increasing operational efficiency. A recent study found that 73% of them see the cloud as the most important technology to achieve business priorities, among other technologies including Big Data Analytics, IoT, Collaboration & Conferencing, and AI/ ML.
Government Support and Emerging Technologies Drive China’s Intelligent and Connected Vehicle (ICV) Market — Frost & Sullivan
The 2023 Shanghai Auto Show was an unequivocal demonstration of the technological capabilities of Chinese automakers. Driven by forward-looking regulation and breakthrough technologies, China has been at the forefront of four key megatrends transforming the mobility space. Rapid growth for China’s ICV market is spurred by policy support, subsidies, new business models, and advances in enabling technologies like artificial intelligence and autonomous driving.
High-Impact Spaces Are the Key to Elevated Collaboration Experiences: New Insights From Frost & Sullivan
As organizations solidify hybrid work programs, reliability, quality, and robustness of meeting spaces–ensuring technology works every time with minimal support – remains a top concern for IT and AV professionals. For business leaders, equitable experiences for remote and onsite meeting participants are now a high priority.
Frost & Sullivan: Airports to be Fastest-growing Critical Infrastructure Sector to Invest in Cybersecurity by 2030
While corporate and consumer businesses remain popular marks for cyberattacks, critical infrastructure facilities have become increasingly viable threat targets. They are highly vulnerable to major operational disruptions. Despite critical infrastructure organizations remaining far behind where they should be in cyber maturity, the cybersecurity market is estimated to reach $24.22 billion by 2030.
Global Security Industry Powered by Rising Need for Niche Security Solutions and Rapid Advancements in Technology, Says Frost & Sullivan
Frost & Sullivan’s recent analysis finds that threats posed by the proliferation of unmanned aerial systems (UAS), frictionless borders, and integrated border stations will expand this industry worldwide. Segmented into three categories—critical national infrastructure (CNI), public safety, and border security—this market is estimated to garner $230.79 billion in revenues by 2030.
Customers’ Demand for Integrated Solutions Powers the Global Email Security Market: Frost & Sullivan
The need for secure email has never been stronger as the complexity and volume of threats have increased significantly. Frost & Sullivan’s recent analysis finds that the global email security market is estimated to reach $5.27 billion by 2025 from $3.14 billion in 2020, expanding at a CAGR of 10.9%, with North America expected to remain the largest contributor.
Blockchain-enabled Digital Health Credentials Build the Future of Digital Ecosystems; Frost & Sullivan
As 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.
Cobots Lead the Future of the Global Industrial Robotics Market, Finds Frost & Sullivan
Frost & Sullivan’s recent analysis finds that the global industrial robotics market will reach revenues of $38.3 billion in 2024 from $22.2 billion in 2020 at a CAGR of 12.2%. Although the industry was curtailed by the COVID-19 pandemic and uncertainty in the automotive business, rising demand from other high-growth sectors is expected to propel it over the next five years.
US Companies Invest in Switched Ethernet Services to Connect to Cloud-based Applications, Says Frost & Sullivan
Market maturity, downward pricing pressure, and lack of sustained demand for point-to-point Ethernet services with SD-WAN (software-defined wide area network) will result in the market dropping from $6.35 billion in 2021 to $5.94 billion by 2024.
Industry Convergence to Propel Cybersecurity Spending in Global Commercial and Public Sectors, Finds Frost & Sullivan
Cybersecurity for commercial and public sectors is estimated to reach $68.01 billion by 2030, driven by the ongoing threat of cyberattacks and government rules concerning privacy policies and data protection. The surge in digital infrastructures, mobile users, and wireless network usage is compelling organizations across sectors to embrace security convergence.
Work-at-home Agent Model to Accelerate Migration from On-premise to Cloud Application Solutions
The impact of the COVID-19 pandemic has propelled the demand for workforce engagement management and analytics applications. This increases the deployment of cloud/hybrid setups and creates opportunities to leverage digital solutions that support work-at-home agents (WAHA), self-service bots, and artificial intelligence-enabled solutions.
Global Medical Imaging Informatics Market Accelerated by Cloud and AI, Says Frost & Sullivan
Frost & Sullivan’s recent analysis finds that the emergence of new technologies such as artificial intelligence (AI) and the cloud, evolving clinical and administrative/operational needs, and the introduction of new policies and regulations will boost the global medical imaging informatics market.
Global Data Center Infrastructure Market to Thrive with Pent-up Demand for Smart Data Storage
Continual high volumes of data creation have led to increased data center investments, boosting the need for power and cooling solutions that are environmentally friendly, highly efficient, and reduce the overall cost of ownership. The total investment in DCIS is expected to reach $26.15 billion by 2025 from $16.73 billion in 2019, up at a compound annual growth rate (CAGR) of 7.7%.
AI-based Platforms Transform the Global Water Sector, Finds Frost & Sullivan
Smart sensors with advanced artificial intelligence (AI)- and machine learning (ML)-based data analytics platforms are on the rise in the global water sector as they require minimal maintenance or human interference. The pandemic has further highlighted the sector’s technological need following disruptions and a labor shortage during lockdowns.
Frost & Sullivan Examines Seven Virtual and Augmented Reality Application Areas Boosted by Global 5G Deployment
Frost & Sullivan’s recent analysis, Empowering the Future of VR/AR Content Consumption through 5G, covers seven virtual reality (VR)/augmented reality (AR) application areas and their use cases.
Blockchain in Healthcare Will Live Up to the Hype Versus Reality for Stakeholders: Frost & Sullivan
Early commercial success, mainly across select use cases such as health professional credentialing, medical billing management, personal health records (PHR), and pharma supply chain track-and-trace, will help this market cross $500 million by 2022 at a compound annual growth rate (CARG) of 61.40%. While payback may not be achieved for every dollar invested by 2022, a breakeven stage is expected.