Artificial Intelligence
Seven Emerging Markets And Industries After COVID-19, According To TBRC
LONDON, Feb. 25, 2021 (GLOBE NEWSWIRE) — New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports
The coronavirus pandemic that has swept the world is affecting every industry in more ways than one. Industries have been hit hard due to the lockdowns, social distancing norms, general restrictions and halted activity. This has created supply chain distortions for the players in several industries, including the markets mentioned below. Besides, the economic meltdown makes customers wary of spending on non-essential and expensive services.
Positive or negative, there has been a huge impact of COVID on the markets of all industries. However, as things begin to fall into place as the pandemic subdues, the following are picks from some of the major markets expected to emerge after COVID-19:
1. Media Market
2. Film and Video Market
3. Life Insurance Providers Market
4. Helium Market
5. Smart Buildings (Nonresidential Buildings) Market
6. Pharmaceutical Drugs And Biologics Logistics Market
7. Proteomics Market
The growth in these markets and the change in business post-COVID is mainly due to the companies rearranging their operations and recovering from the pandemic’s impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
- Media Global Market Report 2021: COVID-19 Impact and Recovery to 2030
The global media market size is expected to grow from $1.71 trillion in 2020 to $1.85 trillion in 2021 at a compound annual growth rate (CAGR) of 8%. The market is expected to reach $2.67 trillion in 2025 at a CAGR of 10%.The media market consists of sales of television and radio programs, motion pictures, digital content, and commercials along with video and audio recordings, games and publications by entities (organizations, sole traders, and partnerships) that produce and distribute television and radio programs, motion pictures, and commercials along with video and audio recordings, games and publications. Examples of revenues are license fees, subscription,s and payments for advertising. The global media market is segmented by type into TV and radio broadcasting, film and music, information services, web content, search portals and social media, print media, cable and other subscription programming, by distribution channel into supermarkets/ hypermarkets, convenience stores, e-commerce, others, by nature into organic and conventional. Subsegments covered are radio broadcasting, television broadcasting, music recording, film and video, news syndicates, libraries and archives, all other information services, social media, internet search portals, digital publishing and content streaming, search engine optimization services, directory, mailing list, and other publishers, book publishers, newspaper & magazines publishers.
Going forward, faster economic growth, increase in TME mergers, rising e-books, virtual reality, technology development, emergence of digitization, and increase in mobile video viewing will drive the growth of the market.
- Film And Video Global Market Report 2021: COVID-19 Impact and Recovery to 2030
The global film and video market size is expected to grow from $234.91 billion in 2020 to $251.92 billion in 2021 at a compound annual growth rate of 7.2%. The market is expected to reach $318.23 billion in 2025 at a CAGR of 6%.The film and video market consists of the sales of entities (organizations, sole traders or partnerships) that produce or distribute motion pictures, videos, television programs, or commercials, exhibit motion pictures or provide postproduction and related services. The global film and video market is segmented by type into film and video production, film and video distribution, post-production services, film and video theatres, other film and video industries and by genre into action, horror, comedy, documentary, drama, others.
Market-trend-based strategies for the film and video market include utilizing autonomous drones for filmmaking, investing in motion capture technologies, using virtual production techniques, utilizing 4K camera technology, and adopting big data technologies. Player-adopted strategies in the film and video market include expanding through innovative and effective business models and expanding through strategic acquisition of emerging and established companies. The COVID-19 pandemic has increased short-term potential growth opportunities for the film and video industry.
- Life Insurance Providers Global Market Report 2020-30: COVID-19 Impact and Recovery
The global life insurance providers market size is expected to grow to $3.55 trillion in 2025 at a rate of 4.4%. The growth is mainly due to the growing awareness about investing in life insurance policies due to an increase in chronic illnesses. The market is expected to then grow to $4.26 trillion in 2030 at a compound annual growth rate of 3.7%.The life insurance providers market consists of sales of life insurance policies. Life insurance providers enter into a legal contract with the insurance policy holder, where the insurer (life insurance provider) promises to pay a designated beneficiary a sum of money in exchange for a premium upon the death of an insured person. Life insurance providers are primarily engaged in the pooling of risk by underwriting insurance (that is, assuming the risk and assigning premiums) and annuities. The global life insurance providers market is segmented by type into term life insurance, whole life insurance, variable life insurance, equity indexed life insurance, accidental death insurance, other life insurance and by application into agency, brokers, bancassurance, digital & direct channels.
Going forward, the impact of COVID-19, growth of middle-class groups in emerging markets, increase in chronic diseases and disabilities, and increase in home ownership and mortgages are expected to drive the market.
- Helium Global Market Report 2020
The global helium market size is expected to grow from $3.65 billion in 2020 to $5.80 billion in 2025 at a rate of 9.7%. The market is then expected to grow at a compound annual growth rate of 5.7% from 2025 and reach $7.65 billion in 2030.The helium market consists of sales of helium gas. Helium is a chemical element also known as a Nobel gas (inert gas) which is available in natural gas form and can be converted into liquid form by lowering the temperature to below -270 degrees. The global helium market is segmented by type into liquid helium, gaseous helium and by end-user into aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding and metal fabrication, other end-user industries.
Going forward, faster economic growth, growth of end-use industries, increasing use in thein healthcare industry and increasing demand for helium for storing COVID-19 vaccines will drive the growth.
- Smart Buildings (Nonresidential Buildings) Global Market Report 2021: COVID 19 Growth And Change to 2030
The global smart buildings (nonresidential buildings) market size is expected grow from $36.42 billion in 2020 to $42.08 billion in 2021 at a compound annual growth rate of 15.5%. The nonresidential smart buildings market is expected to reach $59.3 billion in 2025 at a CAGR of 9%.The smart buildings (nonresidential buildings) market consists of sales of nonresidential smart buildings and related services. Smart buildings have automated processes and increase operational efficiency of non-residential, commercial as well as industrial buildings. Smart buildings involve the use of sensors, actuators, microchips to automatically control the processes of the building such as heating, ventilation, air conditioning, lighting, security and other systems. The global smart nonresidential buildings market is segmented by automation type into intelligent security system, building energy management system, infrastructure management system, network management system, by application into government, airports, hospitals, institutes manufacturing & industrial facilities, others, and by product type into institutional buildings and commercial buildings.
Market-trend-based strategies for the smart buildings (nonresidential buildings) market include adopting artificial intelligence and robotics to assist in construction activities, utilizing predictive analytics techniques to improve risk scans and reduce production costs, adopting IoT technologies to increase operational efficiencies, investing in security solutions to safeguard consumers, investing in smart switches and displays to provide a seamless user experience, adopting green construction and energy efficient techniques to develop environmentally-friendly smart nonresidential buildings, using living or green roofs to enhance efficiency of the green buildings, implementing low-emittance windows or smart glasses for better functioning of green commercial spaces.
- Pharmaceutical Drugs And Biologics Logistics Market – By Type (Cold-Chain Logistics And Non-Cold Chain Logistics), By Mode Of Transport, By Therapeutic Area And By Region, Opportunities And Strategies – Global Forecast To 2030
The global pharmaceutical drugs and biologics logistics market size reached a value of nearly $90.30 billion in 2020 and is expected to climb to $102.89 billion by 2025, and $130.03 billion by 2030.The pharmaceutical drugs and biologics market consists of sales of pharmaceutical drugs and biologics logistics services by entities (organizations, sole traders and partnerships) that provide pharmaceutical drugs and biologics logistics services. Pharmaceutical drugs and biologics logistics is the logistics of pharmaceutical and biologic drugs from the manufacturer to the end-user. It includes transportation, warehousing, inventory management and other logistics functions. The pharmaceutical drugs and biologics logistics market is segmented by mode of transport into land transportation, air transportation, and ocean transportation, by pharmaceutical type into pharmaceutical drugs, biologics, and by therapeutic area into metabolic disorders drugs, anti-infective drugs, central nervous system drugs, respiratory diseases drugs, cardiovascular drugs, musculoskeletal disorders drugs, oncology drugs, hematology drugs, monoclonal antibodies (MAbs), genito-urinary drugs, gastrointestinal drugs, therapeutic proteins, dermatology drugs, vaccines, and ophthalmology drugs.
Going forward, growing demand for and supply of temperature-sensitive products, distribution chain cost cutting measures, improving consistency and efficiency through logistics service providers, technological advances, new methods for drug discovery, large pool of undiagnosed population, and the COVID-19 pandemic will drive the growth.
- Proteomics Market Global Report 2020
The global proteomics market size is expected to grow from $21.34 billion in 2020 to $39.80 billion in 2025 at a rate of 13.3%. The market is then expected to grow at a CAGR of 13.0% from 2025 and reach $73.25 billion in 2030.The proteomics market consists of sales of instruments, reagents, software and services intended to use for proteomics research. Proteomics is a large-scale study of proteomes. A proteome is a set of proteins that are produced in an organism, system, or biological context. The global proteomics market is segmented by component into reagents, instruments and software, by type into protein microarrays, spectroscopy, X-ray crystallography, chromatography, electrophoresis, surface plasmon resonance and protein fractionation, and by service and software into core proteomics services, bioinformatics software & services.
Market-trend-based strategies for the proteomics market include focus on considering nanotechnology for identifying low-abundant samples, developing and advancing new technologies, launching new products, invest in technology such as artificial intelligence (AI) and real time improved imaging. Player-adopted strategies in the proteomics market include new product development activities, strategic collaboration and partnerships with technology-based companies, and acquisition of emerging and established companies.
These reports are among a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The reports also give in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Find more reports on the industry of your choice here: https://www.thebusinessresearchcompany.com/global-market-reports
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Artificial Intelligence
IBS Software Certified as a Great Place to Work in 7 Countries
Recognised in India for a second year in a row, IBS Software has been certified as a ‘Great Place to Work’ in new markets including UAE, US, Canada, UK, Japan and Germany
DUBAI, UAE, March 19, 2024 /PRNewswire/ — IBS Software, a leading SaaS solutions provider to the global travel industry has again been certified a Great Place To Work® in 7 countries. The company received recognition in India for the second year running and has been awarded in six further countries namely; UAE, US, Canada, UK, Japan and Germany.
IBS Software is focused on transforming how travel companies operate in a digital world by delivering next-generation products to accelerate growth, drive efficiency and create a differentiated consumer experience. The latest certification reinforces IBS Software’s commitment to building an engaging and supportive working environment. IBS Software is proud of a company culture built on precision, commitment, passion, integrity and respect for all individuals.
VK Mathews, Executive Chairman of IBS Software said: “Being acknowledged as a Great Place to Work in 6 new countries and for the second time in India is a matter of great pride for us. It is a reflection of how our employees perceive us as an organization and a testimony to our commitment to providing outstanding employee experience, ensuring sustainable financial performance, and fostering a culture of equal opportunity, diversity, and continuous learning. Together, we will continue our pursuit towards workplace excellence, with a focus on meritocracy, fairness, diversity, and inclusion.”
Jayan Nair, Head of Human Resources at IBS Software, commented: “I’m thrilled about the consistent positive feedback from IBS Software employees at all levels and locations. Achieving certification in multiple countries is a testament to our commitment to every employee. Our people are our greatest asset, and we remain dedicated to continuous improvement based on their valuable feedback. We have always believed in raising the bar to become an employer of choice and this recognition further reinforces our commitment in building a better company culture and providing equal opportunities for our employees.”
In a world of uncertainty, creating a workplace that encourages employee feedback for business improvement has never been more important. As a result, IBS Software has launched an in-house chat bot called iKnow to ease employee queries around policies and practices and to enhance the overall HR operations experience.
About Great Place To Work
Great Place To Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with feedback, real-time reporting, and the insights they need to make strategic people decisions. The Institute serves businesses, non-profits and government agencies in more than 60 countries and has conducted pioneering research on the characteristics of great workplaces for over three decades. In India, the institute partners with more than 1400 organizations annually across over 22 industries to help them build High-Trust, High-Performance Cultures™ designed to deliver sustained business results. Hundreds of CEOs and CXOs from India Inc. are part of the great place community that is committed to the vision of making India a great place to work for all. The Institute’s research shows that great workplaces are characterized by great leadership, consistent employee experience, and sustainable financial performance. These organizations can deliver a consistent experience to all their employees irrespective of their role, gender, tenure, or level. Their leaders believe in the vision of creating and sustaining a great place to work for all and role models for all leaders. Learn more at https://www.greatplacetowork.in/ and on LinkedIn, Twitter, Facebook and Instagram.
ABOUT IBS SOFTWARE
IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software’s solutions for the aviation industry cover fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel and air-cargo management. Across the hospitality sector, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call center, booking engine, loyalty and distribution. For the tour & cruise industry, IBS provides a comprehensive, customer-centric, digital platform that covers onshore, online and on-board solutions. Across the energy & resources industry, we provide logistics management solutions that cover logistics planning, operations & accommodation management. The Consulting and Digital Transformation (CDx) business focuses on driving digital transformation initiatives of its customers, leveraging its domain knowledge, digital technologies and engineering excellence. IBS Software operates from 17 offices across the world.
Further information can be found at www.ibsplc.com Follow us: Blog | Twitter | LinkedIn | Facebook | Instagram
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Artificial Intelligence
Locobuzz forays into Middle East region in partnership with Al-Mulla Media
MUMBAI, India, March 19, 2024 /PRNewswire/ — Locobuzz, India’s leading unified customer experience (CX) management platform, today announces its expansion into the Middle East through a strategic partnership with Al-Mulla Media, a prominent digital transformation company in the region. This collaboration marks a significant milestone in Locobuzz’s expansion efforts in the EMEA region and underscores its commitment to empowering businesses with a comprehensive and powerful CX solution.
As part of this strategic partnership, Locobuzz will serve as a technology partner to Al-Mulla Media and jointly offer its SaaS platform to enterprises in the region. Al-Mulla Media has a strong market presence, serving over 800 clients across diverse sectors, including Automotive, Financial Services, Healthcare, Information Services, Mining, and other government and private organizations.
Commenting on the expansion and partnership, Vishal Agarwal, Co-Founder and CEO of Locobuzz, said, “We are excited to partner with Al-Mulla Media. With their deep understanding of the regional market and extensive client base, we are confident that we will make a significant impact in helping businesses deliver exceptional customer experiences.”
This partnership comes at a pivotal time, as digital transformation is in full swing, with businesses in the Middle East increasingly leveraging new media channels for customer engagement. However, limited availability of comprehensive product options often leads businesses to rely on multiple vendors or pay a premium for comprehensive solutions. Locobuzz aims to fill the gap by providing enterprises with a unified CX platform that streamlines customer interactions and enhances brand-customer relationships. The platform offers a comprehensive suite of solutions, including digital care, analytics, actionable insights, and holistic social media management, all accessible from a single, user-friendly dashboard.
Partnering with Locobuzz enables Al-Mulla Media to deliver cutting-edge CX solutions to their enterprise clients, enriching their digital transformation journey. It expands the scope of services beyond CRM and WhatsApp integration to encompass the entirety of social media, providing clients with broader opportunities. Locobuzz and Al-Mulla Media plan to integrate with existing technology in the future, providing a more comprehensive solution.
“We are delighted to join hands with Locobuzz and bring their leading CX platform to the Middle East market,” said Hamad Al Mulla, CEO of Al-Mulla Media. “Locobuzz’s innovative solutions will empower businesses in the region to connect with their customers on a deeper level and deliver exceptional, memorable experiences. We look forward to working closely with Locobuzz to drive digital transformation and customer-centricity across various industries.”
This partnership brings together the strengths of both organizations to meet the growing demand for advanced customer engagement tools and analytics in the rapidly evolving business landscape. Locobuzz will initially focus on brands in Dubai, Oman, Kuwait, and Saudi Arabia across various industries. Within the next year, the company aims to onboard 100 clients, establishing itself as a key player in the rapidly growing CX market in the region.
About Locobuzz:
Locobuzz is a global enterprise software company specializing in digital customer experience management. Its unified CX management platform enables brands to automate the entire customer experience journey, delivering delightful and humane experiences to customers across all customer-facing functions. The platform uses advanced AI, ML, Big Data, and Analytics to empower brands with real-time data analytics, automation, consumer insights, and end-to-end social media management, including publishing, listening, analytics, and engagement. This helps brands forge stronger customer relationships and increase lifetime value.
Trusted by Fortune 500 companies and marquee brands across various industries, Locobuzz operates in seven countries, including India, the USA, the UK, Sri Lanka, the Middle East, and Southeast Asia. Learn more at https://locobuzz.com/
About Al-Mulla Media
Headquartered in Kuwait, Al-Mulla Media is a leading digital transformation company, committed to delivering top-notch business communication solutions centered around advancement and positivity. Our expertise spans all communication channels and marketing disciplines, enabling us to contribute to national and regional initiatives across diverse business sectors. With a focus on client satisfaction and innovation, we proudly serve clients in industries such as Hi-Tech, Automotive, Banking, Healthcare, Financial Services, Information Services, and Mining. Learn more at https://almulla-media.com/
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Artificial Intelligence
Telkomsel and Huawei Inaugurate Indonesia’s First 5G Smart Warehouse and 5G Innovation Center
JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ — Leading telecommunications provider Telkomsel and global ICT solutions provider Huawei have inaugurated Indonesia’s first 5G Smart Warehouse and 5G Innovation Center in Bekasi Regency, West Java. This landmark facility showcases the potential of 5G technology to transform warehouse management, boosting operational efficiency and creating new opportunities for the logistics industry to support the digital economy leapfrog towards the Golden Indonesia Vision 2045.
The inauguration ceremony was officiated by Mr. Long, CEO of Huawei Indonesia, and attended by dignitaries including Dr. Ir. Ismail MT, Director General of Resources Management and Equipment of Posts and Informatics, Ministry of Communication and Informatics; Indra Mardiatna, Telkomsel Director of Network; Derrick Heng, Telkomsel Marketing Director; Mahendra Rianto, Chairman of the Indonesian Logistics Association; and representatives from Bandung Institute of Technology, Telkom University, and other representatives from industry partners.
Director General Dr. Ir. Ismail MT emphasized, “Huawei’s 5G Smart Warehouse stands as both a wake-up call and a quintessential model for the ecosystem, demonstrating the immediate and seamless integration of 5G technology into digitalization efforts. This integration evidently yields innovative solutions that extend benefits beyond the logistics sector to a multitude of industries. Such advancements are attainable solely through the concerted efforts of all stakeholders, united in the pursuit of accelerating the nation’s digital transformation.”
Mr. Long, CEO of Huawei Indonesia, highlighted Huawei’s commitment to supporting the government and industry players to unlock Indonesia’s digital opportunities. “At last year’s Solo 5G summit, together with industry partners, we pledged to boost the 5G ecosystem. The 5G Smart Warehouse is a testament to the value that 5G technology can bring to traditional industries in Indonesia,” he stated.
Indra Mardiatna, Telkomsel Director of Network remarked, “Aligned with Indonesia’s vision of pioneering innovations that propel the nation’s advancement, Telkomsel remains steadfast in its commitment to deliver superior connectivity, pioneering solutions, and inventive services designed to foster empowerment and catalyze expansive opportunities for entrepreneurial growth within the country. We are optimistic that the deployment of the 5G Smart Warehouse alongside the 5G Innovation Center’s conceptual solutions will inaugurate a transformative era for professionals within the logistics sector, particularly by enhancing managerial competencies and amplifying the operational efficacy of warehousing systems. With the unwavering support of the government, courtesy of the Ministry of Communication and Information, and through synergistic partnerships with stakeholders including Huawei, industry associations, and the academic community, Telkomsel pledges to persist in championing the rapid evolution of Indonesia’s digital commerce and economic landscape, with a focus on inclusive and sustainable progress”
The digital economy, which is expected to be a major catalyst for Indonesia’s economy in the future, requires the backing of an efficient and effective logistics industry. Based on data from the Ministry of National Development Planning/Bappenas, Indonesia’s logistics costs have decreased from 23.5% to 14.29% of gross domestic product by 2023.
Benefits of the 5G Smart Warehouse
The 5G Smart Warehouse leverages advanced technologies like IoT and big data analytics to streamline operations, enhance safety and security, increase efficiency, and reduce energy consumptions and lower potential unexpected losses.
Warehouse managers can use digital twins and real-time data analysis to optimize inventory management and prevent stockouts.
The 5G network also facilitates swift and accurate communication between staff and autonomous guided vehicles (AGVs), ensuring efficient goods movement. Additionally, intelligent security systems powered by video and infrared sensors ensure warehouse safety.
Huawei’s 5G BTS technology powering the warehouse features an energy consumption of just 5 watts, equivalent to a single energy-saving light bulb, making it a sustainable solution for the future.
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