Up to this point, urban planners have mostly used digital twins for operations, management, and maintenance of assets and services. But increasingly, urban planning has gone beyond these digital twin use cases and involves design and planning for now and the future (sustainability). For example, recent survey findings from U.S.-based IT firm Altair showed that digital twins help 92% of organizations with their sustainability goals.
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It’s hard to think of sustainability without renewable energy popping into your head. With the United Nations (UN) calling for global renewable energy investments to triple annually by 2030, hydropower will undoubtedly play an immense role in the future of green energy. While solar and wind are commonly brought up in discussion, they need some serious support because they are fluctuating energy sources that often can’t keep up with demand. From the Internet of Things (IoT) sensors to analytics tracking, there are plenty of tech vendors available to meet your organization’s needs when it comes to producing hydropower. To gear up for the digital transformation of green energy, let’s take a look at five vendors that can help you improve the efficiency of your Hydropower Plant (HPP).
We all dread having to find an empty parking space and perfecting vehicle maneuvers to avoid accidents. It brings great anxiety and cuts into the limited amount of time we have in a day. Fortunately, automatic parking, one of the most novel technology trends, can relieve a driver of these concerns. Cars with park assists have come a long way, from basic parking assist features to fully automated valet parking (AVP). Indeed, a self-parking car makes peoples’ lives much easier and is more convenient. These solutions even open the market for cars that can parallel park themselves.
5G is leaps and bounds ahead of previous network cellular generations, enabling Communication Service Providers (CSPs) to offer brand new types of services, applications, and use cases to consumers and enterprises. Network slicing is one such offering that is expected to define the 5G era. By 2028, ABI Research anticipates roughly US$12.6 billion in 5G slicing revenue and growth at a striking 109% Compound Annual Growth Rate (CAGR) between 2022 and the end of the forecast period.
With the buildup of the metaverse, every company in the video games space should be aware of current and future demand in several domains. Due to the COVID-19 lockdowns, the gaming market was taken up to a new notch as demand exploded. For many people who had stopped playing video games or never played them before, the lockdowns gave rise to a hobby that they otherwise would have ignored, even after lockdown restrictions have been lifted. For people who were already avid gamers, their appetite for new content only grew.
By 2027, the smart home hardware market will be a US$18 billion opportunity in Asia-Pacific, an industry that has historically been dominated by the North American market and its vendors. However, that trend is over and vendors will increasingly have to adapt their smart home strategies and products in response to the impact of developing Chinese and Asia-Pacific smart home markets.
The robotics industry is becoming more mature as companies aim to boost productivity in the workplace and make up for the shortcomings they face. Robotic deployments can automate labor-intensive, repetitive, and hazardous tasks to keep human workers fresh and healthy, while also speeding up the time it takes to accomplish those tasks. To stay informed, here are five trends that are dominating the robotics industry.
Despite the COVID-19 pandemic putting a strain on capital expenditure (CAPEX) in many industries, 5G investments were largely spared, as countries like China and South Korea go all-in with 5G rollouts. In ABI Research’s latest 5G market forecast for the years 2022 to 2027, it’s clear that adoption is destined for rapid growth and will shift from a minuscule slice of the network market to the largest network by 2026. Moreover, market data from some other reports, such as a 5G Advanced whitepaper and the IoT Tracker: 5G report—add more credence to the notion that 5G is rapidly overtaking 4G/LTE. In this post, we take a closer look at the 5G market forecast with eight eye-opening stats that every service provider needs to know to plan for success.
Commercial sUAS (Drone) Market Trends, Stats, Forecasts, Products, Services, Industries, and Regions
A Small Unmanned Aerial System (sUAS), also known as a drone, was not long ago considered a rare commercial deployment. But today, the drone market encompasses a wide array of industries and use cases. Global sUAS drone ecosystems are expected to surpass the 3 million mark by 2025 and grow at a Compound Annual Growth Rate (CAGR) of 25%.
As the telecom industry migrates toward cloudification, what does it mean for Communication Service Providers (CSPs)? Moreover, what does the telecom software market look like in terms of solution offerings? In this reading, learn about the drivers, challenges, and hyperscalers surrounding telecom cloud and software space.