Digital twin companies are in a prime position for robust growth. In 2021, ABI Research forecasts US$3.5 billion in revenue coming from digital twin software. But by 2030, we anticipate that number to soar to roughly US$34 billion as digital twin solutions are embraced across all verticals (manufacturing, industry, smart cities, etc.). This post will provide an in-depth profile of five of the top companies providing innovative software within the digital twin market.
With traditional banking and commerce trading, a bank or another financial institution is responsible for ensuring security. But when it comes to storing Bitcoin and other cryptocurrencies, users are on their own. Once a user loses access to their coin portfolio, it’s likely gone forever. To safeguard against cryptocurrency attacks, crypto users will increasingly turn to cold storage wallets, an ultra-secure crypto storage solution that operates offline and involves a hardware device.
If every consumer vehicle on the planet were electric last year, the total energy consumption worldwide would have been 13% higher than the previous year. As Electric Vehicles (EVs) drastically increase energy drawn from the electric grid and contradict sustainability efforts, the importance of Vehicle-to-Grid (V2G) charging solutions cannot be understated. Because it's still a relatively new technology, this resource will explain how V2G works.
Recently, ABI Research wrote a research report taking a deep dive into the current public safety network environment. One of the main highlights was that, while 4G/Long Term Evolution (LTE) cellular broadband is efficient in public safety use cases, 5G is fast approaching the emergency services space. The superior positioning, latency, and reliability of a 5G network will enable emergency services and emergency response teams to work more efficiently, gather better situational awareness, and accomplish the ultimate goal—save lives by reducing response times.
Integrating Augmented Reality (AR) into the enterprise opens the door for new, innovative ways for the workforce to carry out their tasks. As pointed out in the blog post Use Cases of the Enterprise Metaverse and Immersive Collaboration (with Examples), AR is a key enabler for delivering immersive collaboration in the metaverse. Employee training was the leading enterprise AR use case in 2022, with additional value seen in areas such as remote assistance, workflow guidance, knowledge capture, and content creation.
While most people know what Wi-Fi is and probably use it on a daily basis, few actually understand the difference between each protocol. With Wi-Fi 7 fast approaching, it’s a good time to explain each Wi-Fi standard, starting with Wi-Fi's genesis all the way back in 1997 with 802.11.
As consumers and enterprises find 5G alluring for novel device applications and use cases, ABI Research market forecasts confirm that 5G subscriptions are going to rapidly take off. By 2026, there will be more 5G subscriptions than 4G subscriptions. But in order for 5G to truly blossom, the market needs to evolve and ensure that 5G support is widespread. With that, we decided to list six upcoming 5G-supported devices to give you a glimpse into the future of 5G.
The first step toward the smart power tool was the advent of the connected power tool. These intelligent tool systems provide manufacturers, construction companies, and Do-it-Yourself (DIY) consumers with valuable data about their power tools, as well as various levels of automation like smart drilling/torque settings. Although the smart power tool market is immature, there are a number of reasons why the market will grow in the coming years, notably the practical application of tool data.
Upon hearing the word “metaverse,” many people think about gaming, virtual commerce, attending a sporting event, or other consumer applications. However, the enterprise metaverse—not the consumer space—has a greater incentive to take the plunge and invest in virtual solutions. This is because several substantiated use cases of the metaverse have already been demonstrated for business operations. Spanning everything from employee training to enhancing virtual conferences, and improving remote work to customer experience, the metaverse is not short on benefits for the enterprise. In this article, I will point out five of the most compelling use cases of the metaverse in enterprise settings.
