Technology

[New] Especially for Li-Fi technology, new start-ups are coming with technologically advanced products, services, and solutions in the market and are expected to see double-digit growth in the next 5-7 years.
[New] Bp's USD 5 million investment will enable Satelytics to develop its technology further and scale its applications throughout the oil and gas sector.
[New] The Global Industrial Automation And Control Systems Market is accounted for $139.69 billion in 2019 and is expected to reach $312.75 billion by 2027 growing at a CAGR of 10.6% during the forecast period.
[New] LTE is expected to reach its peak point in terms of technology market share at the end of 2021 (at 62.4%), and to reach its peak point in terms of subscriber numbers at the end of 2022 (at 6.057 billion subscribers).
[New] With the global market for ultracapacitors estimated to grow to € 2-3 bn in 2023, NAWA Technologies is ideally positioned to take advantage of increased demand.
[New] Asia-Pacific expected to be the fastest-growing edge computing market while North America and Europe poised to be the biggest markets.
[New] The pace and scale of turbine technology development has been unprecedented with offshore turbines growing from 2 MW to the recently announced 12 MW and could continue to grow further in the coming years.
[New] The global market for technologies to support renewable power generation, energy storage and hydrogen production was calculated at €508 billion in 2016 and is projected to grow by around 80% by 2025, to €897 billion.
[New] The Machine Learning technology segment is estimated to account for the largest share of the overall artificial intelligence in cybersecurity market in 2020, as well as projected to grow with the fastest CAGR during the forecast period.
[New] Major corporations are expecting massive developments in connected car technology to assist the worldwide demand for connected car systems in the coming years.
[New] Harnessing storage technologies is a key part of meeting the UK's legally-binding target to reach net zero carbon emissions by 2050.
[New] The production cost of a kilogram of green hydrogen using the PEM technology will fall from $ 2.30-$ 2.80 in 2018 to $ 0.70-$ 0.90 by 2050.
[New] The current healthcare cloud computing market is valued at nearly $18 billion and is expected to increase by nearly 18.7% between 2020 and 2025.
[New] With 80% of food expected to be eaten in cities by 2050, they have the opportunity to harness their massive demand power to redesign food systems that are more resilient to external shocks while regenerating the environment they rely on.
[New] In Latin America, LTE remains the dominant radio access technology during the forecast period, accounting for 51% of subscriptions at the end of 2019 and a predicted 68% in 2025.
[New] With the combined IoT market size projected to reach $520 billion by 2021, the development of edge computing solutions alongside 5G networks will be required to provide near-instantaneous network speed and to underpin computational platforms close to where data is created.
The integration of technology with nanoclothing is projected to be a major trend in the nanotechnology clothing industry over the next coming years.
The adoption of big data technology is gaining popularity with 25% of enterprises using big data and analytics in Central & Eastern Europe: A significant investment is likely to be made on data center projects during the period 2019-2025.
When combined with their PureFibre deployments, TELUS will invest approximately $40 billion in state - of - the-art network infrastructure, including 5G technology and operations over the next three years.
The Australian Defence Force unveiled that it plans to exploit virtual reality (VR) and gaming technologies, machine learning and artificial intelligence across Defence to enhance learning.
The cloud computing market has grown from $15 B to more than $210 B in the past 10 years, with projections to double again by 2025.
Technologies like artificial intelligence and machine learning will have a major impact on global banking in the next five years.

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Last updated: 29 June 2020