Tag: Frost & Sullivan

Devices will be everywhere by 2030

Posted on March 8, 2021 by - News

The device-to-person ratio will exceed 20 to one by 2030 as the world enters the era of hyperconnectivity and catapults organisations’ digital transformation according to a new report.

According to Frost & Sullivan’s recent analysis, Future of Connected Living, the number of connected devices globally is projected to increase from 30.4 billion in 2020 to 200 billion in 2030 at a compound annual growth rate (CAGR) of 20.7 percent.

The convergence of connected cities, homes, and workplaces will result in ubiquitous connectivity and the emergence of new product applications, business models, technologies, platforms, and services.

Outsourcers moving to advanced tech

Posted on August 7, 2020 by - News

Outsourcers are increasingly relying on advanced technologies to meet client requirements in the customer experience (CX) outsourcing services industry according to a new Frost & Sullivan’s report.

The report with the catchy title  European Customer Experience Outsourcing Services Market, 2020, reveals that the European market is mature and but has quirks like demands for specific languages, cultural affinity, and nearshoring.

COVID-19 has adversely affected the industry in 2020 and Frost & Sullivan expects total market revenue to reach €16.23 billion, a 7.5 percent decline.

Outsourcers, display exceptional agility and flexibility when meeting the business continuity challenge. Assuming a reversal of fortune in the next three  to four months, Frost & Sullivan expects the market to recover to €20.03 billion by 2024. To stay relevant in the rapidly evolving market, outsourcers must develop new tools to address digitally native customers, cybersecurity challenges, and business continuity as a service.         

Frost & Sullivan predicts rise of remote workers shock

Posted on July 23, 2020 by - News

Frost & Sullivan predicts that the number of remote workers in the wake COVID-19 will be 500 percent greater compared to the pre-pandemic number, creating a massive demand for video meetings.

This can’t be much of a surprise.

It its report with the catchy title “Post-pandemic Growth Opportunity Analysis of the Meetings Market”  Frost & Sullivan predicted that the number of video meeting licenses is projected to increase at a CAGR of 24.6 percent between 2019 and 2025, compared to a pre-pandemic forecast of 17.2 percent.

Big Data will see big investments

Posted on July 3, 2020 by - News

Frost & Sullivan predicts that the global Big Data Analytics (BDA) market is estimated to witness double-digit growth in the post-pandemic COVID-19 era.

In its report, Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market, Frost & Sullivan said that that if COVID-19  is contained by August 2020 and that global markets will be able to recover by the end of the year, the market is expected to expand at a compound annual growth rate (CAGR) of 28.9 percent, reaching $68.09 billion by 2025 from $14.85 billion in 2019, the report said.

Under the conservative forecast, the market is likely to reach $41.84 billion by 2025, at a CAGR of 18.8 percent. Depending on the development and availability of a vaccine, the conservative forecast includes a market slowdown and recovery period of 18 to 24 months.

Deviki Gupta, Information & Communication Technologies Senior Industry Analyst at Frost & Sullivan, said: “Considering the benefits of BDA solutions in both the government and intelligence (G&I) and non-governmental organization (NGO) sectors, there will be an increase in demand for analytics as it has promising features, such as mitigating risk in business planning, improving operations, and better serving customer needs.”  

IP telephony and UCaaS markets grind to a halt

Posted on June 30, 2020 by - News

European hosted Internet Protocol (IP) telephony and Unified Communications-as-a-Service (UCaaS) market will experience slower-than-anticipated growth in terms of both users and revenue in 2020 and 2021 due to churn in the installed base and reduced new user acquisitions, according to a report penned by Frost & Sullivan.

The report with the catchy title Growth Opportunities in the European Hosted IP Telephony and UCaaS Market, Forecast to 2026, finds that the market will bounce back in 2022 and maintain a steady trajectory until 2026. The market is estimated to double in terms of provider revenue from 2019 to 2026, with installed users reaching 76.3 million by the end of the forecast period.

SMEs will demand MDR from suppliers

Posted on June 11, 2020 by - News

The increasing number of sophisticated cyber threats will lead to a rise in demand for Managed Detection and Response (MDR) solutions from small and medium businesses.

According to Frost & Sullivan’s recent analysis, Global Managed Detection and Response Market, Forecast to 2024, the market size is poised to grow at a CAGR of 16.4 percent  between 2019 and 2024, with revenues expected to reach $1.9 billion.

GDPR is defining the biometrics market

Posted on September 5, 2019 by - News

 GDPR is defining the biometrics market according to analyst Frost & Sullivan

Aravind Srimoolanathan, Senior Research Analyst – Aerospace, Defence & Security at Frost & Sullivan said that data protection and privacy had become buzzwords in the European digital ecosystem in the era of GDPR, introduced in May last year.

The Swedish data protection authorities (DPA) recently levied the first fine of approximately $ 20,000 to a high school which ran trials of facial recognition technology among a group of students to monitor their attendance. The school authorities argue that the program had the consent of the students, though that did not soften the stance of the regulator.

The European data protection board was citing the ‘imbalance’ between the data subject and the controller of data. Canvassing the multiple opinions floating on the web, Frost & Sullivan notes numerous cases of violations reported in Bulgaria and Austria post the incident in Sweden. The regulatory breaches have led to similar fines levied by the respective local data protection agencies tasked to enforce GDPR.

Biometric security measures called into question

Posted on August 22, 2019 by - News

The significant breach and vulnerabilities recently discovered by vpnMentor researchers within Suprema’s BioStar 2 database are enough to scare any potential end-user away from biometric security measures, according to Frost & Sullivan security expert Danielle VanZandt.

VanZandt said that with more than a million fingerprint biometrics and user passwords exposed in the breach, BioStar 2 had become the first significant example of how biometric access still has its vulnerabilities that vendors, integrators, and end-users must be aware of before implementing any of these solutions within their organisation, she said

Machine vision technology market will double

Posted on April 5, 2019 by - News

Machine vision technology has been in the market for years. However, with advancements in technology and with the evolution of smart factory, the past decade has seen a radical revolution in machine vision equipment.

According to  Frost & Sullivan, the $7.45 billion global machine vision equipment market is expected to almost double by 2022 to touch $13.62 billion, as industries intensify their demand for quality inspection.

US Government forced to spend on of-the-shelf security

Posted on September 13, 2018 by - News

banner_220x220The US Government is being forced to spend more money on commercial off-the-shelf (COTS)-based cybersecurity tools and systems as they face intense attacks, according to a new report.

Analysts Frost & Sullivan’s recent report with the catchy title “US DoD Cybersecurity Market, Forecast to 2023”, reveals that intense attacks from adversaries and non-state actors are compelling Department of Defense (DoD) cybersecurity spend for commercial off-the-shelf (COTS)-based cybersecurity tools and systems and the development of quantum computing and artificial intelligence technologies.

Defense cybersecurity industry consolidation is expected to increase with firms emphasising the acquisition of dual-use commercial technologies.

Frost & Sullivan forecasts the market to reach $4.30 billion by 2023, growing at a compound annual growth rate (CAGR) of 2.3 percent.

“Persistent attacks on DoD networks make cybersecurity integration and new technology development necessary. There will be an increasing need for firms that can provide state-of-the-art cybersecurity services”, said Brad Curran, Industry Principal, Defense at Frost & Sullivan. “Maintaining network resiliency by assuring that people with the most advanced cybersecurity skills are available as well as ensuring robust cybersecurity and attack information coordination is a top priority for the DoD.”

Multifunctional technologies set to enjoy huge growth

Posted on June 19, 2017 by - News

Resellers and channel partners with their claws in the sensor market are going to experience a wide range of business opportunities, according to a new report.
cc1TechVision team have been shuffling their tarot cards and have decided that the sensor industry is pushing the boundaries of innovation by using a host of technologies that were previously considered unsuitable for the development of disruptive devices.

The steady rise in technology convergence in the electronics industry underlines a market shift toward personalisation and cost reduction, the report said.

Some of the new sensor technologies, such as advanced driving assistance systems (ADAS) and electronic skin, have resulted in novel business models and marketing strategies, accelerating the evolution of the electronics industry.

Frost & Sullivan TechVision Research Analyst Varun Babu said that trends such as miniaturisation, sensitivity, selectivity, self-diagnostics and interoperability are prompting advances in sensing systems across a wide range of industrial applications.

“The Internet of Things, too, will be a key enabler of advancements in sensor technologies, particularly in the sectors of healthcare, military and defence, automotive, consumer electronics, robotics and environmental monitoring. These technologies will aid early security threat detection, point-of-care diagnostics, reduced road collisions, continuous environmental monitoring, and building smart cities.”

The technologies in the sensors and instrumentation space have eased the entry barriers for new market players as well as opened up several growth opportunities for the existing ones. In addition to the disruptions, various funding options have brightened the prospects of existing players and encouraged greater R&D, Babu said

Frost & Sullivan TechVision Research Analyst Arjun Mehta said that various research institutes were working on developing sensors with multiple functionalities.

“In the near future, with the advancement of Internet of Things and its associated smart applications, demand for sensors is expected to increase, where these sensors can be integrated with flexible wearables and support energy harvesting applications.”

Car market about to be transformed, says Frost & Sullivan

Posted on June 7, 2017 by - News

funny-elephant-push-on-the-car-pictureE-mobility, autonomous vehicle technology, and other digitisation advancements are creating new and exciting opportunities in the automotive industry, according to the beancounters at Frost & Sullivan.

In a report with the catchy title 2017 Global Automotive Industry Outlook, Frost & Sullivan claimed that by the end of 2017, global light vehicle sales are expected to cross 93 million units.

Slight growth in North America and significant growth in Eastern European markets like Russia and Ukraine will offset the slowdown in the China and Japan markets.

Big data and digitisation will increase revenue and customer penetration while marketplaces and tyre eRetailers will challenge original equipment manufacturers (OEMs) and traditional retailers.

Increasing competition will also step up investment from volume OEMs in mobility services to move towards a car-as-a-service model.

Frost & Sullivan Mobility Industry Principal Shwetha Surender said that digitisation will underpin automotive industry strategies, with OEMs establishing digital divisions and investing in developing Internet of Things (IoT) platforms that support connective living “solutions”.

“The growing digital ecosystem between automotive OEMs, software integrators, telecoms, and other companies will also bring new areas of competition, with revenue expected to grow to $1.3 trillion in 2030 from electrification, smart mobility, connected cars, and autonomous vehicle development, among others.”

He claimed that growth opportunities in the global automotive market will include mergers and acquisitions, especially in the startup space, to accelerate introduction of new technologies in to the market

He predicted that OEM business models will be introduced to fresh revenue streams such as mobility and fintech

• Partnerships between automotive companies to bring about much needed synergies that accelerate development and reduce costs

• Growth of shared mobility options to tackle urban congestion and environmental pollution; the future may see OEMs partnering with cities on transportation solutions

• Strong advances in autonomous, electric and connected cars in North America, especially the USA

• Recovering sales in Russia, Ukraine, Spain and Poland

• Focus on China’s aftermarket as new car profit margins reduce in the mature market

• Developments in voice recognition; focus areas include voice biometrics, real-time translation, artificial intelligence-enabled virtual assistants, deep speech and vision analytics

• Health, wellness, and well-being (HWW) platforms that integrate consumer health devices with the vehicle

The used car market is exected to be 2.5 times the size of the new car market in North America and 2.7 times the size in Europe by 2022.
Booming vehicle sales in all ASEAN countries with demand for crossovers and entry-level vehicles.

“As digitalisation increases in the industry, data security is vital,” notes Surender. “Companies will have to ensure strict compliance and fortified measures to prevent hacking. Cybersecurity adds to the overall security of the car, improves the brand image of an OEM, and allows more innovation, especially on the vehicle automation side.”

Standards start for the internet of things

Posted on March 10, 2015 by - News

Internet of ThingsWhile there’s no doubt that in the next few years things ain’t what they used to be, and everything will be connected, there’s a distinct lack of standards right now.

But, according to a report from heavyweight analyst Frost & Sullivan (F&S), the move to standardise the IoT is taking shape.

It said a number of standardisation bodies in Europe and the US are working towards standard privacy policies and how devices will work together.

F&S said a committee has been formed by the European Telecommunications Standard Institute to work on machine to machine privacy standardisation.

And the Open Automative Alliance is a group of car companies and tech partners working worldwide to create a standard Android platform so that cars and mobiles will work together.

Analyst Svapnadeep Nayak said IoT needs an open architecture and worries enterprises worry because they want to maintain the integrity of their data.

Kayak thinks that by using a common cloud infrastructure with one application programming interface (API) for all sectors, IoT will bring down the costs of deployment and improve the efficiency of data streaming from gadgets and devices everywhere.

Healthcare has its head in the clouds

Posted on November 12, 2014 by - News

Every silver has a cloudy liningAdoption of cloud technology in the healthcare section in Europe will be worth $1,275.6 million by the end of the decade according to a report from Frost & Sullivan.

Last year, the European market was worth $390.5 million and is expected to steadily grow between 10 to 30 percent in the next five years.

The cloud is good for cost efficient services for documentation, storage and sharing patient information, the report said. Government moves to create healthcare information exchanges have given the cloud market in Europe and the USA a boost.  In addition, quick deployment and easier management of IT staff are other perceived advantages of using the cloud.

But the move to the cloud is being hampered by a lack of standardisation in legacy systems, meaning that data migration is both expensive and cumbersome.

And there are also concerns about data preservation, security and portability, meaning that when healthcare IT buyers sign up with cloud service providers there must be service level agreements to guarantee reliability and data portability.