Category: ICT

Top Trends in Predictive Maintenance Technology Market 2022

Predictive maintenance is a novel technology in the manufacturing industry, and it aims to minimize the costly downtime due to untimely equipment failure and lack of machine maintenance. It helps businesses to continue their operation and enhance their productivity by accurately analyzing the present condition of their machinery and predicting the need to maintain and

Top Five IoT Security Market Companies

In 2021, the world witnessed an alarming 105% surge in ransomware cyberattacks, owing to rise in remote work and presence of compromised IoT devices. As the cyber security threats are increasing at a significant rate, organizations are investing in IoT security solutions to safeguard against ransomware, malware, and phishing threats. Rise in adoption of cybersecurity

Global FinTech Market Overview

As consumers increasingly turn to digital methods for managing their finances, the fintech industry has been registering significant growth in recent years. The growth of e-commerce, rising smartphone penetration, and the emergence of digital payment options are contributing to the rising fintech market value. In 2020, the global fintech market was valued at USD7301.78 billion, owing

Digital Twin Implementation for Industrial Automation

As industries are undergoing a digital revolution, digital twin technologies are introducing new and innovative ways for product designing, operations, and post-sale services. Digital twins combine IoT, artificial intelligence, machine learning, and deep learning to provide a rich and real-time view of an organization’s processes and assets. Digital twin deployments are mainly driven by safety,

How is Digitalization Transforming the Face of Mining Industry?

The mining sector has moved beyond the use of explosives and mechanized equipment introduced during the Industrial Revolution. Over time, mining techniques and technologies have evolved and improved, contributing to better practices and strong industrial growth. Currently, the mining industry is under pressure due to declining demand, price volatility, increased costs, undervalued product estimates, growing

Top Companies in the Global Microprocessor Market

With the increasing demand for electronic devices, the world is witnessing a huge demand for semiconductors and microprocessors, adding to their market growth. However, a grave chip shortage has been witnessed over the past year that has caused delayed delivery and price hike of multiple products across the globe. This has led many market players

Trends to Dominate the LED Lighting Industry in 2022

The LED industry certainly takes the lead when it comes to driving innovation, developing new technologies, and making frequent breakthroughs. Over the past decade, the LED industry has witnessed a major transformation, and the market is still growing at an exceptional rate, attributed to the factors such as new product developments, rising demand for energy-efficient

UK Cybersecurity Strategies to Strengthen Data Security

Owing to the COVID-19 pandemic, individuals and businesses are more dependent on all matters digital than ever. The rising adoption of internet and IoT devices and related services are only going to strengthen digital connectivity across the globe. However, the threat of cyberattacks increases more and more with every new device, user, and business connecting

EU Launches Chips Industrial Plan for Digital Sovereignty

Ever since the pandemic erupted in 2020 and put the world to a halt, almost every industry has started experiencing grave microchips shortage. An unprecedented spike in demand for consumer electronics owing to the shift to remote working and distance learning during the pandemic led to a huge demand for microchips. Once the global recovery

How Can Metaverse Technologies Impact Businesses?

The next big thing is here, and it is metaverse. Ever since Facebook founder Mark Zuckerberg announced that he was branding the social media platform as Meta and refocusing on its future development, tech investors and enthusiasts started pondering over the prospect of fiction becoming a reality. According to Bloomberg Intelligence, the metaverse is anticipated to reach USD800