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Technology

[New] The automotive sector is expected to witness significant growth for the linear motion system market as the demand for linear motion systems is expected to increase in the coming years due to the rise in automotive sales around the globe.
[New] Today, 171 million people are using VR technology; The combined market of AR/VR is expected to reach $16.8 billion in 2019; VR gaming revenue is forecast to touch $22.9 billion by 2020.
[New] Many expect the small cell market to explode in the coming years as operators work to improve their wireless networks with 5G technology and millimeter-wave spectrum.
[New] Europe is the largest countries of Blockchain Technology in Energy in the world in the past few years and it will keep increasing in the next few years.
[New] Advanced Driver-Assistance Systems (ADAS) Market is expected to reach USD 14.14 billion by 2027 witnessing market growth at a rate of 21.19% in the forecast period of 2020 to 2027.
[New] Europe's artificial intelligence (AI) in drug discovery market reached $108.6 million in 2019 and will grow by 28.7% over 2020-2026, owing to the rising need for AI technology in drug discovery and development.
[New] Despite the economic recession and negative impact on technology investments, the Low-Code App Development platforms market in 2020 is expected to post double-digit growth in the year 2020.
[New] National government targets, such as the UK's to achieve net zero carbon emissions by 2050, are helping to drive both the public and private sector to develop strategies and invest in processes and technologies that will enable organizations to deliver a low carbon future.
[New] Factors such as increasing demand for personalized drugs, increasing adoption of new technology in clinical research, growing research & development promoting outsourcing and increasing diseases prevalence will drive the RFID market in the forecast period of 2020 to 2027.
[New] Subsea cable development within the Americas has been increasing steadily, with four cable systems going into service in 2017, five cable systems put in service in 2019 and eight more new cable systems expected to be in service by the end of 2020.
[New] The investment of US$5 mn from BP will allow Satelytics to further develop its technology and scale its applications across the oil and gas sector.
[New] Renewable energy will account for two-thirds of total installed capacity by 2040, with the number of installed systems averaging 57 GW per year.
[New] Even though Gartner's tech spend forecast projects an 8% contraction globally, business leader appetite will increase when it comes to the technologies that power to digital business ecosystems, automation - and location-agnostic work.
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.
Bp's USD 5 million investment will enable Satelytics to develop its technology further and scale its applications throughout the oil and gas sector.
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.
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).
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.
Asia-Pacific expected to be the fastest-growing edge computing market while North America and Europe poised to be the biggest markets.
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.
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.
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.

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Last updated: 06 July 2020